China’s listed real estate companies posted a robust performance in 2018, yet analysts anticipate weakness in 2019.
71 real estate companies listed on the Shanghai and Shenzhen bourses have released their 2018 annual performance forecasts as of 5 March according to data from Hithink Flush (同花顺).
41 companies, or 58% of the total, expect growth in net profits, while only nine real estate companies anticipate losses, of whom eight will see their first year of loss.
43 companies forecast net profits attributable to parent company shareholders of over 100 million yuan, accounting for 61% of the total, while 21 see changes in forecast net profits of over 100%, meaning that nearly a third of the total have at least doubled their profits.
18 real estate companies expect to post net profits of over 1 billion yuan, while China Merchants Shenkou Industrial (招商蛇口), Future Land Holdings (新城控股), Jinrong Jie (金融街) and Fujian Sannong Group (泰禾集团) all see net profits of over 2 billion yuan.