Vanke charitable contributions logic behind.

<P> Last year, ranking China Vanke property sales industry first, more than 52.3 billion yuan, net profit more than 4.8 billion yuan, the donation of money, less than its net profit in four ten thousandths </ P> <P> It .incomplete statistics, China's real estate industry more than 10% share of national GDP in some cities and regions this percentage higher. .However, in the entire nation mourning the Sichuan earthquake, in addition Hengda Real Estate, Shimao Group and Country Garden, R & F real estate companies with more than ten million yuan donation, most real estate companies will appear "cool." .Up to now the real estate industry about 4.6 billion total contributions, cash contributions in all sectors, ranked second to last (the first is free for the last number of columns of drugs is difficult to support the pharmaceutical industry.) .</ P> <P> from 2003's "SARS" to the snow disaster early this year, to the strong earthquake, real estate business charity sit tight end position has always been a top spot. .</ P> <P> this is some freaky coincidence? .</ P> <P> simply lists the number of developers contributions, perhaps too one-sided, so let us look at the attitude of the developers. .</ P> <P> 5 12, 13, 14, in the event of a disaster within 72 hours, millions of Chinese people cry for life, but Wantong Group President Feng Lun's blog is his new book "savage .growth "do propaganda. .15, he referred to the earthquake: "I can look back over 130 days a year the state of high fever, also in New York, flying over China, and in the country to adhere to the" barbaric growth "finish, is in itself proof of the power of life .Therefore, the earthquake disaster, I would like to call: Let us cheer with the ideals of life. "</ P> <P> good at using a series of precise numbers to criticize the" inflection point theory "Ren in the earthquake after the outbreak of" aphasia ."the. .Vanke chairman Wang Shi, the appeal to everyone, not charity of pan. .200 million (the amount of the contributions Vanke) is authorized by the board of directors, but "China is a disaster-prone countries, disaster relief charity event is a normal, corporate donations should be sustainable, rather than a burden." </ P .> <P> There are several flaws in this argument: first, in perfecting corporate governance structure under the large amount of contributions can be easily achieved by the holding company, not necessarily by listed companies. .</ P> <P> Second, the 200 million real estate company for what is a kind of concept? .Last year, China Vanke property sales, the industry ranked the first, more than 52.3 billion yuan, net profit more than 4.8 billion yuan, the donation of money, less than its net profit in four ten thousandths. .Vanke a small apartment in Shanghai, the price of the outer ring are often in excess of 100 million yuan. .Value of the small size of the apartment two contributions, would be the first real estate companies in Mainland China Vanke huge impact on business caused it? .</ P> <P> annual report data show that R & F Properties 2007 turnover increased by 45%, reaching 14.8 billion yuan, the annual net profit of 5.315 billion yuan. .The R & F Properties has donated 13 million yuan in succession. .This accounts for sales of eight ten thousandths. .R & F Properties said it is difficult to express the money will directly affect their normal operation. .</ P> <P> no doubt, many cities in 2007, rapid increases in housing prices, so real estate companies benefit. .Report shows that the vast majority of real estate listed companies profit growth rate in 2007 than the growth rate in operating income, which indicates that in 2007 the real estate industry is more profitable than in 2006. .Among them, R & F Properties 2007 revenues of 14.772 billion yuan, an increase of 45%; profit of 5.315 billion yuan, an increase of 148%. .Which, with the highest profit of 55% real estate companies, R & F Properties of the profit margin of nearly 30%. .</ P> <P> In contrast, earlier lend a helping hand to business, industry, but some "charity of the Pan." .</ P> <P> example, Chery Automobile donated 16 million yuan of funds and materials. .Chery Automobile Company in 2007 total production of 369,000 vehicles, the sales income of 15.1 billion, less than Vanke 1 / 3. .Meanwhile, according to Chinese official said the State Information Center group, this year sales of the automotive industry around 6% profit margin, only the real estate giant Vanke profit margins of 1 / 3. .However, the amount of their contributions matter, is more than 6 times Vanke. .</ P> </ p>.