证券代码 :000002 200002 证券简称 : 万科 A 万科 B 公告编号 :< 万 >2008-051 万科企业股份有限公司 住所 : 深圳市盐田区大梅沙万科东海岸裙楼 C02 公开发行公司债券上市公告书 证券简称 :08 万科 G1 08 万科 G2 证券代码 :112005 112006 发行总额 : 人民币 59 亿元上市时间 :2008 年 9 月 18 日上市地 : 深圳证券交易所保荐人 : 中信证券股份有限公司 保荐人 / 主承销商 中信证券股份有限公司 住所 : 北京市朝阳区新源南路 6 号京城大厦 2008 年 9 月 17 日
1
CHINA VANKE CO., LTD. VANKE C02 63 518049 IR@vanke.com www.vanke.com 6,872,006,387 ( ) ( ) ( 113 ) 2
1984 5 1987 1988 1988 11 (1988)1509 41,332,680 1988 12 2,800 2,800 1991 1 29 A A 000002 1993 3 4,500 B 10.53 45,135 B 1993 5 28 B 200002 1993 12 CHINA VANKE CO. LTD. 1 1991 5 1990 5 1 8,266,536 41,332,680 4.4 2 1 20,666,340 4.8 7,700,000 77,965,556 2 1992 3 5 1 92,364,611 3 1993 3 4 1 0.06 4 1 10 5 138,546,916 4 B 3
1993 3 4,500 B 10.53 45,135 183,546,916 5 1994 5 A 10 3.5 1.5 B 2000 485 208 242,955,336 6 1995 6 10 1.5 1.5 279,398,636 7 1995 10 3.01 8,826,500 1995 288,225,136 8 1996 6 10 1 1.4 317,047,649 9 1997 6 10 1.5 1 364,604,796 10 1997 6 10 2.37 A 4.5 / 66,973,802 B 4.2 / 19,278,825 3.83 450,857,423 11 1998 5 10 1 1.5 495,943,165 12 1999 6 10 1 1 545,537,481 4
13 2000 10 2.727 7.5 / 85,434,460 6.25 630,971,941 14 2002 6 1,500 100 15 2002 12 13 2003 4 23 A 2003 5 22 29,586,656 676 899,970 15 2003 5 10 2 10 1,353,799,940 16 2004 5 10 0.5 1 4 2,273,627,871 17 2004 9 1990 2 100 19.9 2 2005 3 24 A 2005 6 17 2 336,220 2,273,964,091 18 2005 6 2005 6 17 10 5 3,410,946,136 19 2 A 2006 1 4 2006 2 21 28 20 130% 2 2006 4 7 3,869,600 38,696 2 2 3,969,898,751 5
20 2006 12 4 A 4,369,898,751 21 2007 5 2007 5 15 10 5 6,554,848,126 22 2007 8 317,158,261 A 6,872,006,387 2007 12 31 14.94% 1 1,026,735,517 2007 12 31 14.94% 16,464,463,526 99.984212% 650,000 0.003947% 16,467,063,500 8 6
2006 12 31 1,691.36 756.13 2006 1,000.91 73.92 2 9,661,766,000 8 2701 2705 2006 12 31 1,693.89 757.40 2006 1002.77 74.33 3 2007 12 31 7
100% 99.984212% 14.94%* 85.06% A CLSA LIMITED B 1 2007 12 31 169.58 162.97 8
2 2007 12 31 66.11% 1 (GIC RE) 2 2005 2006 3 4 9
5 6 2006 90 20% 30% 2007 9 27 40% 7 2007 28 82.95% 93.81% 2005 2006 2007 83 156 225 259.3 500.6 776.7 10
1 2 3 4 1 2007 3 2007 8 7 2007 24 11
2 2006 5 2006 6 1 90 70% 3 2007 1 4 2004 2006 5 2007 11 1 2006 11 2007 1 1 12
1 2007 8 7 2007 24 70% 2008 1 3 2008 3 20% 5 2007 3 18 2007 12 21 2007 12 21 4.14 % 7.47% 4.77% 5.22% 13
,2006 5 2006 6 1 30% 90 20% 2007 9 27 2007 359 40% 1 2007 12 31 1,026,736,517 14.94% 2 3 14
2008 59 [2008]1056 1 5 300,000 5 290,000 2 3 2 1 100 0.01% 3 3 10 4 3 3 5 3 5 15
6 7 2008 9 4 A A A 8 [2007]122 300,000 100 5 3 2 3 10 3 16
3 3 5 5.50% 7.00% 2009 9 5 1 2013 9 5 1 6 [2008]004 AA+ AAA AA+ 590,000 7,330.94 30,000 262,669.06 5,166.20 37,500 247,333.80 2008 9 10 2008 9 10 (2008) 182 17
590,000 2008 2008 9 18 08 G1 112005 08 G2 112006 300,000
2005 2006 2007 KPMG-AH (2006)AR No.0002 KPMG-[C](2007)AR No.0041 KPMG-C(2008)AR No.0108 1 19
2007 12 31 2006 12 31 2005 12 31 17,046,504,584.31 10,743,695,198.09 3,249,034,710.39-2,304,725.76-864,883,012.55 364,609,673.22 377,307,701.04 8,284,197,850.73 2,313,835,552.23 704,132,863.54 2,764,056,869.18 671,005,746.39 704,969,704.56 66,472,876,871.40 34,167,114,653.21 16,286,942,365.57 95,432,519,188.17 48,262,565,548.90 21,322,387,345.10 488,844,114.16 81,743,415.00 30,807,447.00 2,438,609,165.05 819,927,416.39 1,263,926,847.85 277,090,574.96 9,452,880.03 10,150,892.97 575,205,554.97 500,064,794.52 216,704,102.51 271,270,240.23 3,272,022.92 19,699,697.20 6,871,651.49 9,282,294.52 1,270,785.50 604,057,419.26 233,532,008.85 49,650,972.00 4,661,948,720.12 1,657,274,832.23 1,592,210,745.03 100,094,467,908.29 49,919,840,381.13 22,914,598,090.13 20
2007 12 31 2006 12 31 2005 12 31 1,104,850,000.00 2,715,470,000.00 900,000,000.00 20,957,112.00 - - - 3,781,990.38 11,103,797,389.76 5,952,263,493.07 3,297,935,001.62 21,622,747,400.80 8,836,350,970.30 4,664,152,790.56 729,790,790.42 325,218,938.80 207,035,931.25 795,716,626.98 203,550,729.36 67,424,625.76 5,907,447,420.79 2,893,322,464.50 1,083,745,111.91 7,488,676,903.65 1,090,094,000.00 662,980,000.00 48,773,983,644.40 22,016,270,596.03 10,887,055,451.48 16,362,079,840.21 9,452,876,950.91 1,181,282,713.00 - - 843,505,199.44-57,003,863.92 428,573,863.92 9,913,830.68 17,391,619.87 19,201,125.98 37,962,953.43 31,677,271.29 23,979,011.41 991,004,610.53 891,116,532.12 616,498,865.86 17,400,961,234.85 10,450,066,238.11 3,113,040,779.61 66,174,944,879.25 32,466,336,834.14 14,000,096,231.09 6,872,006,387.00 4,369,898,751.00 3,722,687,670.00 12,830,465,899.13 5,315,012,258.19 1,119,660,152.45 5,395,470,156.38 4,402,087,926.99 2,893,840,406.35 4,032,906,217.68 831,480,143.76 633,591,667.87 147,798,941.01 10,068,656.36 3,626,139.37 29,278,647,601.20 14,928,547,736.30 8,373,406,036.04 4,640,875,427.84 2,524,955,810.69 541,095,823.00 33,919,523,029.04 17,453,503,546.99 8,914,501,859.04 100,094,467,908.29 49,919,840,381.13 22,914,598,090.13 21
2007 2006 2005 35,526,611,301.94 17,918,331,517.79 10,614,198,950.60 20,607,338,964.44 11,441,263,798.73 6,905,898,691.18 4,115,772,993.85 1,579,543,054.05 779,484,482.43 1,194,543,702.00 625,716,844.96 466,289,323.58 1,763,765,823.49 859,458,982.47 495,367,738.11 359,500,074.40 140,151,591.93 19,702,856.22 18,570,156.23 17,398,018.19 24,501,487.98 (22,252,783.90) 1,295,671.90-208,030,696.10 170,811,919.80 (128,407.95) : 128,643,366.50 60,098,192.00 (2,075,482.00) 7,652,897,499.73 3,426,906,819.16 1,922,825,963.15 31,457,800.24 21,307,390.59 28,255,029.67 42,749,614.64 13,719,549.57 10,444,439.84 675,525.30 1,292,210.17 129,837.76 7,641,605,685.33 3,434,494,660.18 1,940,636,552.98 2,324,104,867.51 1,011,497,609.00 524,987,007.14 5,317,500,817.82 2,422,997,051.18 1,415,649,545.84 4,844,235,494.21 2,297,883,766.18 1,364,689,854.21 473,265,323.61 125,113,285.00 50,959,691.63 0.73 0.39 0.26 0.73 0.39 0.25 22
2007 2006 2005 44,712,799,355.37 19,063,303,001.26 12,700,258,931.68 1,251,115,826.87 477,318,095.55 128,679,650.03 45,963,915,182.24 19,540,621,096.81 12,828,938,581.71 46,171,068,846.22 17,453,843,968.08 8,428,090,284.22 1,107,413,005.50 749,263,247.62 452,287,228.49 4,864,723,045.32 1,992,112,568.51 1,329,180,408.65 4,258,426,101.00 2,369,522,794.47 1,762,335,058.70 56,401,630,998.04 22,564,742,578.68 11,971,892,980.06 (10,437,715,815.80) (3,024,121,481.87) 857,045,601.65 60,714,270.46 341,092,672.73-88,698,832.24 677,600.00 20,455,000.00 1,008,580.78 11,450,255.22 10,184,689.44 70,715,899.33 6,895,655.00 98,717,571.00 167,527,344.24 77,473,253.14 63,929,154.25 388,664,927.05 437,589,436.09 193,286,414.69 257,897,785.32 136,018,238.71 47,439,552.20 536,167,214.80 381,140,188.00 411,120,834.00 4,198,635,152.12 1,472,251,854.00 112,483,247.00 4,992,700,152.24 1,989,410,280.71 571,043,633.20 (4,604,035,225.19) (1,551,820,844.62) (377,757,218.51) 11,949,769,155.72 5,501,690,722.81 9,000,000.00 2,013,167,454.50 1,304,990,722.81 9,000,000.00 18,558,699,204.56 11,422,040,181.07 2,537,819,237.83 30,508,468,360.28 16,923,730,903.88 2,546,819,237.83 7,156,929,770.90 3,681,696,980.16 2,313,450,000.00 1,990,536,759.07 1,177,873,626.52 600,297,643.95 98,092,627.48 46,764,731.61 50,000,000.00 9,147,466,529.97 4,859,570,606.68 2,913,747,643.95 21,361,001,830.31 12,064,160,297.20 (366,928,406.12) (16,441,403.10) 6,442,516.99 4,675,211.74 6,302,809,386.22 7,494,660,487.70 117,035,188.76 10,743,695,198.09 3,249,034,710.39 3,131,999,521.63 17,046,504,584.31 10,743,695,198.09 3,249,034,710.39 23
2 2007 12 31 2006 12 31 2005 12 31 5,742,894,789.02 4,805,847,947.27 1,520,949,349.44 - - - - - - 3,169,643.66 9,217,883.37 2,368,601.00 34,386,024,525.88 11,716,514,552.79 2,457,679,788.47 - - - 40,132,088,958.56 16,531,580,383.43 3,980,997,738.91 101,708,945.96 - - 8,390,721,641.69 8,189,334,873.32 7,017,296,462.00 6,256,227.11 6,954,240.05-62,801,618.80 59,642,071.84 66,764,282.08 - - - - - - - - - 8,561,488,433.56 8,255,931,185.21 7,084,060,744.08 48,693,577,392.12 24,787,511,568.64 11,065,058,482.99 24
2007 12 31 2006 12 31 2005 12 31-1,600,000,000.00 900,000,000.00 - - - - - 3,781,990.38 - - - - - - 210,987,432.44 92,851,014.47 41,021,941.81 20,262,496.40 8,594,754.49 2,981,275.68 4,011,814,897.68 1,503,009,505.45 439,068,935.22 5,927,660,000.00 284,919,243.79-10,170,724,826.52 3,489,374,518.20 1,386,854,143.09 12,437,920,200.65 6,379,657,970.50 290,000,000.00 - - 843,505,199.44 - - 174,919,243.79 - - - - - - 15,803,594.27 - - 12,453,723,794.92 6,379,657,970.50 1,308,424,443.23 22,624,448,621.44 9,869,032,488.70 2,695,278,586.32 6,872,006,387.00 4,369,898,751.00 3,722,687,670.00 12,885,360,235.32 5,315,012,258.19 1,119,660,152.45 5,395,470,156.38 4,402,087,926.99 2,893,840,406.35 916,291,991.98 831,480,143.76 633,591,667.87 - - - 26,069,128,770.68 14,918,479,079.94 8,369,779,896.67 - - - 26,069,128,770.68 14,918,479,079.94 8,369,779,896.67 48,693,577,392.12 24,787,511,568.64 11,065,058,482.99 25
2007 2006 2005 79,248,565.40 33,159,941.17 2,941,230.82 956,079.85 1,457,598.65 2,336,797.08 29,334,682.07 7,334,989.20 4,701,418.97 - - - 567,131,534.08 151,475,867.70 80,956,653.00 (372,420,430.60) (88,155,353.87) (92,313,486.68) (17,920.13) 126,223.24 178,189.73 - - - 1,873,362,300.38 2,336,299,892.09 1,358,522,485.26 : 43,322,804.25 60,098,192.00 26,412,480.14 1,727,626,920.51 2,297,220,508.34 1,365,604,143.98 364,931.61 958,482.60 87,479.54 370,583.61 222,189.67 322,236.89 70,583.61 122,189.67 5,079.00 1,727,621,268.51 2,297,956,801.27 1,365,369,386.63-73,035.09 679,532.42 1,727,621,268.51 2,297,883,766.18 1,364,689,854.21 26
2007 2006 2005 2,155,833.40 1,846,926.00 2,497,544.62 14,418,306,195.47 1,743,513,232.48 1,718,943,857.54 14,420,462,028.87 1,745,360,158.48 1,721,441,402.16 - - - 549,907,474.84 233,181,147.74 41,380,372.05 37,923,470.63 188,585.89 4,918,678.67 31,658,480,343.90 9,648,588,452.54 1,383,578,324.97 32,246,311,289.37 9,881,958,186.17 1,429,877,375.69 (17,825,849,260.50) (8,136,598,027.69) 291,564,026.47 156,473,934.99-20,408,311.42 1,287,364,444.35 529,327,363.52 51,700,762.04 13,459.00 122,389.67 384,237.00-996,900,357.65-257,614,715.64 415,574,302.05 146,560,320.12 1,701,466,553.98 1,941,924,412.89 219,053,630.58 10,916,811.04 7,453,301.58 5,472,515.58 1,258,200,000.00 111,647,574.13 748,262,239.84 290,927,475.38 609,858,051.88-1,560,044,286.42 728,958,927.59 753,734,755.42 141,422,267.56 1,212,965,485.30 (534,681,124.84) 9,936,601,701.22 4,196,700,000.00 - - - - 13,335,091,578.11 9,287,660,000.00 1,400,000,000.00 23,271,693,279.33 13,484,360,000.00 1,400,000,000.00 3,140,000,000.00 2,408,271,524.00 1,070,000,000.00 1,509,831,339.23 867,557,335.78 439,927,624.80 - - 4,649,831,339.23 3,275,828,859.78 1,509,927,624.80 18,621,861,940.10 10,208,531,140.22 (109,927,624.80) (388,105.41) - (995,791.85) 937,046,841.75 3,284,898,597.83 (354,040,515.02) 4,805,847,947.27 1,520,949,349.44 1,874,989,864.46 5,742,894,789.02 4,805,847,947.27 1,520,949,349.44 27
2007 2006 2005 1.96 2.19 1.96 0.59 0.64 0.46 ( ) 46.46% 39.81% 24.36% ( ) 66.11% 65.04% 61.10% ( ) 57.79 48.30 28.22 ( ) 0.41 0.45 0.51 6.58 7.04 9.66 100% 100% 100% 100% 100% 100% ( ) -1.52-0.69 0.23 ( ) 0.92 1.72 0.03 2004 2005 = / = / = / = / = / = + / = / = / = / = / 2007 2006 2005 0.73 0.39 0.26 0.73 0.39 0.25 16.55% 15.39% 16.30% 28
2007 2006 2005 23.75% 23.51% 18.69% 0.72 0.38 0.26 0.72 0.37 0.25 16.36% 14.81% 16.14% 23.49% 22.62% 18.51% / + + [ + 1 ] + + + + 2+ 29
2008 4 8 2008 1995 10 25 1999 2002 12 13 4 A 2003 1 6 IPO 600030 2007 12 31 1896.54 540.23 406.75 2007 9 4 3,315,233,800 2003 2004 2005 2002 2005 2003 2005 2006 2006 2007 6 2007 12 15 1 2 30
3 4 10% (1) (2) (3) (4) (5) (6) 5 (1) (2) (3) 6 (1) (2) 75% (3) (4) 7 31
8 9 10 (1) 14 (2) 11 15 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) 12 13 32
14 15 16 17 1 (1) (2) 30 (3) (4) (1) (3) 25% 30 (5) (6) 2 (1) 25% 33
(2) (1) (i) (ii) (iii) (iv) (2) (3) 3 1 2 45 3 34
4 5 6 7 8 30 (1) (2) (3) (4) (5) (6) 9 10 35
11 1 2 (1) (2) (3) (4) (5) (6) 3 1 2 10% 30 3 90 4 5 36
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 6 37
2008 38
150,000 1 ( ) 2007 66.11% 67.54% 26.30% 33.02% ( ) 2007 1.96 0.59 2.11 0.71 39
40
C02 63 0755 25606666 0755 25531696 6 16 17 010 84683817 010 84683733 100027 7 12 15 010-58328888 010-58328999 100140 1 41
4019 24 0755 88265288 0755 83243108 2 118 01 12 010 65681188 010 65687317 100022 1 2 8 020 38137621 020 38137000 (1) 25 010 67595875 010 66275970 100032 (2) 42
0755 82488521 0755 82488147 518010 599 1 968 021-51019090 021-51019030 200011 6 16 17 010 84683817 010 84683733 100027 43
( ) ( ) ( ) ( ) ( ) 2008 44