Top 10 property developers in China 2013 (2)

No. 9 Shimao Property Holdings Limited 世茂房地产控股有限公司
Founded in 2001, the group focuses on developing large scale and high quality estate projects in dynamic cities with potential high economic growth across China.
By the end of 2012, the enterprise's sales revenue had reached 28.6 billion yuan (US$4.602 billion), up 10.1 percent compared with 2011. However, operating profits were only 10 billion yuan (US$1.61 billion), down 9.1 percent due to a clean-up of the inventory, according to the company's annual report. Additionally, sales volume reached 46.1 billion yuan (US$7.417 billion), exceeding its 30.7 billion yuan (US$4.939 billion) annual target by 50 percent.
In addition, the sales area of 2012 reached some 5.5 million square meters and it is expected to reach 7.5 million in 2013, an increase of 36 percent.

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