Profits of leading property firms rebound in Q3  

中國內地四大龍頭房企三季度利潤大幅反彈

30日，隨著保利地產和金地集團披露三季度報，內地四大龍頭房企(招商地產、保利地產、萬科A、金地集團)的三季報全部出爐。一改上半年增收不增利的尷尬局面，四大房企第三季度凈利潤齊齊大漲。

Beijing (CNS) -- The profits of mainland real estate giants Vanke, China Merchants Property, Poly Real Estate and Gemdale Group rebounded in the third quarter, according to business reports released Tuesday.

Poly Real Estate reported net profit of 1.31 billion yuan and Vanke more than 1.35 billion yuan, showing respective year-on-year increases of nearly 95 percent and over 124 percent.

The net profit of Gemdale Group skyrocketed 271 percent YoY to 418 million yuan in the third quarter, while China Merchants Property had profit of 1.2 billion yuan, a 94-percent YoY increase, despite the negative growth rate in the first half of this year.

The research department of Homelink Real Estate, a property agent, estimated that from January to September this year, the four leading property enterprises would have total revenue of 105.3 billion yuan and realize 12.2 billion yuan in profit, increasing 50 percent and 27 percent respectively from the first three quarters of last year.

Zhang Xu of the research department attributed the rebound to the rise in property sales. Although real estate was under control, the leading enterprises showed enlarging market potentials, which counteracted the decrease in gross profit rate, Zhang added.

The leading enterprises have advantages in their own resources as well as acquiring financial support, Zhang said.