Written by: Leju Finance, Wu Wenting

On June 30th, Leju Finance released the "2024 First Half Real Estate Company Market Value Growth Ranking." This ranking summarized the market values of 172 listed real estate companies and presented them from high to low based on the market value growth from the beginning of 2024 to the last trading day of June, for everyone's reference.

Data shows that as of the close of June 28, 2024, the combined market value of 172 listed real estate companies was approximately 1.68 trillion yuan, with an average market value of about 9.74 billion yuan, a slight decrease compared to the combined market value of 1.7 trillion yuan of 158 listed real estate companies at the end of 2023.

According to Leju Finance statistics, in the first half of 2024, only 37 of the 172 listed real estate companies saw their market values increase, one remained flat, and the remaining 134 saw declines of varying degrees, with over 77.9% of companies ending the period lower. The largest market value decline reached 61.8%.

Among them, Guorui Health had the highest market value growth in the first half of 2024, with a year-to-date increase of 230.47%; followed by Jingrui Holdings, with a growth of 96.25%; and Zhengshang Industrial, with a growth of 54.58%. In addition, the market value growth of Minmetals Land and Jianye Real Estate in the first half of the year was also above 50%.

The company with the largest market value decline was Sunshine 100 China, with a total market value of 77 million yuan as of June 28, down over 61.8% from the beginning of the year. Other real estate companies with declines of more than 50% include Modern Land, Shangkun Real Estate, ST Zhongnan, ST Meigu, Zhongliang Holdings, and Sunshine Shares.

The 200 billion yuan camp is now empty, leaving only 3 real estate companies with market values exceeding 100 billion yuan, namely China Resources Land, China Overseas Development, and Poly Developments and Holdings. There are a total of 36 companies with market values at the billion level; and 41 companies with market values below 1 billion yuan.