Real estate stocks ended in 2022: Vanke A. Poly's development revenue increased by more than 23%

On the last trading day in August, a total of 26 ingredients stocks of the Real Estate ETF (159707) completed the disclosure of this year's interim report, and the central report season of real estate stocks officially concluded in 2022.

At present, the real estate industry is experiencing a challenge of leverage clearing. As a pillar industry, the health and stability of the real estate industry is closely related to economic development and people's birth. In this regard, various methods such as policies, special loans, and credit increase support help real estate to recover.

It can be seen from the 2022 interim reporting performance disclosed by multiple real estate stocks that, represented by leading real estate stocks, the performance of many high -quality real estate companies has gradually recovered, and the market pessimism is gradually repairing. The recovery and valuation repair period is available! Specifically:

The 100 billion real estate leader -Poly Development achieved total operating income of more than 110.7 billion yuan during the reporting period, an increase of 23.13%year -on -year, and realized net profit of 10.826 billion yuan, an increase of 5.11%year -on -year.

In response, Chen Cong, chief analyst of CITIC Securities Real Estate, said that the advantage of Poly's development profitability is reflected in the first half of 2022 with stable development and aggressive land acquisition. According to the company's push rhythm in the second half of the year, the company's sales can increase significantly in the fourth quarter, and the market's further warming up, the company is expected to achieve a considerable positive growth in sales throughout the year.

During the reporting period, Vanke A achieved operating income and "dual growth" of net profit attributable to his mother! Among them, the year -on -year growth rate of revenue and net profit attributable to mothers reached 23.82%and 10.64%, respectively. In this regard, Zhu Jin, chief analyst of CITIC Building Investment Real Estate, said that Vanke A's performance in the first half of the year meets expectations. It is optimistic about the company's long -term victory in this round of industry. Get a reserved.

China Merchants Shekou achieved operating profit of 57.5 billion yuan, an increase of 28.90%year -on -year, and the dividend rate in the past 12 months was 5.23%. Tianfeng Securities said that compared with the industry, the company's sales in the first half of the year ranked 6th in sales, and sales showed strong toughness. According to historical data, the company's performance in the second half of the year often exceeds the first half of the year, and the effect of stimulating demand stimulation has gradually landed. With the qualified background and high -quality soil storage resources of the leading central enterprises, it is expected to achieve stable performance in the future.

Financial Street and Waigaoqiao's performance in the first half of 2022 were pre -increased. Among them, the net profit limit of the financial street preview was 1.269 billion yuan, an increase of 110%year -on -year! Waigaoqiao's preview of the same period achieved a net profit of 697 million yuan, an increase of 58.7%year -on -year.

From a different perspective, from the perspective of a single quarter, nearly 70 % of the company's Q2 performance of the company's ETF (159707) component stocks has been significantly warmed up. Among them, the net profit of 18 companies in the second quarter of the company increased, and the net profit increased by more than 100%from the previous month!

The top ten heavy stocks of the Real Estate ETF (159707) are large and medium -sized market value real estate leading stocks. At the same time, the profit increase in the same period shows strong performance flexibility and reflects the development trend of the strong real estate.

In terms of valuation, the real estate sector is still valued at the valuation depression. As of August 31, 2022, the real estate ETF (159707) target index -the CSI 800 Real Estate Index valuation was only 12 times, at a historical segmentation point of 55.73%, and the current valuation is less than 44%!

Compared with the mainstream broad -foundation index such as Shanghai and Shenzhen 300 and Shanghai Stock Exchange 50 Index, the CSI Real Estate 800 Index ROE is higher, PE is relatively low, the sector potential is large, and the valuation is highly cost -effective.

Data source: Huabao Fund, ROE data as of 2021.12.31, PE, annualized volatility, dividend rate data as of 2022.8.31

[Real Estate ETF (159707): The first and currently only tracked CSI 800 Real Estate Index ETF]

Real Estate ETF (159707) is the only industry ETF that currently tracks the CSI 800 Real Estate Index (399965) in the entire market. Compared with other real estate indexes, the leading effect of the CSI 800 Real Estate Index is more obvious. The proportion of stocks exceeded 70 %, and the three major real estate leaders of Poly Development, Vanke A and China Merchants Shekou accounted for over 40 %.

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