Profits of leading property firms rebound in Q3  

中国内地四大龙头房企三季度利润大幅反弹

30日，随着保利地产和金地集团披露三季度报，内地四大龙头房企(招商地产、保利地产、万科A、金地集团)的三季报全部出炉。一改上半年增收不增利的尴尬局面，四大房企第三季度净利润齐齐大涨。

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.