Wanda Business Revenue Increased 24.31% Over The Same Period Last Year.

In March 30th, Dalian Wanda Commercial real estate Limited by Share Ltd announced that as of December 31, 2014, the company's total revenue reached 107 billion 871 million yuan, an increase of 24.31% compared with 86 billion 774 million yuan in 2013. However, the fair value of its investment property increased by 13 billion 455 million yuan, down 12.87% from 2013.

At the same time, the core profit of Wanda business was 14 billion 824 million yuan, an increase of 14.04% over the same period, and the core interest rate was 13.74%. For the growth of core profits, Wanda commerce Emphasized that it mainly comes from investment property leasing and property management business sector and property sales sector profit growth.

According to reports, Wanda business income mainly comes from investment. Property leasing And property management, property sales and hotel management three sectors, accounting for about 9.6%, 85.05% and 3.72% respectively.

In the annual report, Wanda business emphasized several times that its investment property rental and property management sector revenue contributed to the group's business performance. Data show that this part of the total income of 9.6%, an increase of 0.71 percentage points over 2013.

It is understood that in 2014, Wanda business income from the investment property leasing and property management business sector was 10 billion 352 million yuan, an increase of 34.32% over 2013; the income from property sales was 91 billion 748 million yuan, an increase of 22.36% over 2013; the income from the hotel business sector was 4 billion 8 million yuan, up 24.67% over the same period last year.

Overall, in 2014, Wanda The total sales volume of the contract was 160 billion 150 million yuan, an increase of 26.65% compared with 2013, and the contract sales area of 14 million 780 thousand square meters, an increase of 35.97% over 2013. In addition, its total number of hotels has reached 62, and the total number of rooms has reached 19165.

As of December 31, 2014, Wanda Commercial owned land reserve of a total construction area of about 75 million 940 thousand square meters. Among them, Wanda Commercial added 23 Wanda Plaza, which has opened 107 Wanda Plaza.

What needs to be concerned is that Wanda Commercial said that in 2014, the overall gross profit margin of the company maintained a stable level compared with 2013, mainly due to the simultaneous increase in gross margin and revenue of the group's property leasing and management business.

In the investment property leasing and property management sector, Wanda business realized gross profit of 76 million 490 thousand yuan, an increase of 39.20% compared with 2013, with gross margin of 73.89%, representing a 2.59 percentage point increase over 2013.

In terms of property sales, Wanda business completed the established sales target at the beginning of the year to achieve sales of 160 billion 150 million yuan. Among them, the sales accounted for 49.81% of the first and second tier cities, accounting for 48.31% of the three line cities, and 1.88% of the overseas ones. According to the type of property, shops, office buildings, SOHO and others accounted for 59.64%, and sales of residential property accounted for 40.36%.

At the same time, Wanda Commercial property sales gross profit last year was 37 billion 216 million yuan, an increase of 21.48% compared with 2013, gross margin of 40.56%, basically unchanged from 2013.

However, in terms of hotels, the profit margin of Wanda Commercial owners was 14.50%, down 3.6 percentage points compared with 2013.

At the same time, the gross profit margin was 114 thousand yuan, an increase of 6.84% compared with 2013, with a gross margin of 28.44% and a decrease of 4.75 percentage points compared with 2013.

In view of this, Wanda business explained that the main reason is that the number of new hotels opened in the year has increased, and the depreciation has increased.

In terms of funds, in 2014, the total financing cost of Wanda business (including capitalization interest) increased from 9 billion 798 million yuan in 2013 to 12 billion 375 million yuan, an increase of 26.3%. At the same time, the net debt ratio of the company was 56.68%, up 3.7 percentage points over the same period last year.