Beijing North Star Wins a TOP10 Award as one of the Most Robust Companies in the 2009

China Real Estate Association, The Enterprise Research Institute of China State Council Development Research Centre, Qinghua University Real Estate Research Institute and China Index Research Institute recently held a joint press conference to announce the research results for the China Real Estate 100 Enterprises Index. Beijing North Star again gained a place in the 100 strongest Chinese real estate enterprises, and won the first place award for China Real Estate Star in this league, and gained fourth place in the Top 10 most robust companies in the China Real Estate 100 Enterprises Index. 

The research for the 2009 China Real Estate 100 Strongest Enterprises Index covered 500 real estate enterprises (or Group companies) across China, rating them on scale, profitability, growth potential, robustness, operational efficiency and social responsibility, using analytical studies of 26 indicators and integrated database information. Beijing North Star attained the 17th position on this list, moving up one place from the previous year. The research team fully affirmed our remarkable company sales achievements, steady property cash flow as well as our increased supply of business capital as a result of corporate bond issuing, and the team further pointed out that our healthy debt structure and credit capacity enabled the company to adapt calmly during a period of industry adjustment, while maintaining stability and development. The above honours have made Beijing North Star a prominent enterprise in district planning and trans-regional development." 

In 2008, under the influence of the real estate market’s intrinsic laws, the downward trends in the international economy, domestic macro-economic conditions and other factors, Chinese real estate enterprise sales results generally decreased, but the 100 strongest enterprises, relying on their own scale and good brand approval, still obtained remarkable operating results, which is better than the average level in the real estate industry. In 2008, the national commercial housing sales volume totaled RMB2.407 trillion, a decrease of 19.47% compared to the same period in the previous year, but the 100 Strongest Enterprises sales volume was RMB0.524 trillion, a fall of only 3.93% compared to the previous year, which was 15 percentage points higher than the industry average. The 100 Strongest Enterprises market share has reached 21.79%, a 3.35 percentage points increase from last year, moreover from the perspective of development trends, the growth in the 100 Strongest Enterprises market share is accelerating, the industry is becoming more concentrated, and resources, funds, land and customers are accelerating their flow to the 100 Strongest Enterprises."