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China Vanke Co., Ltd., one of the leading property developers in China, has topped the list of the Top 500 Chinese Real Estate Developers in 2015 again, according to the latest ranking released on March 24.

China Vanke Co., Ltd. has crowned the ranking for seven consecutive years. In addition, 11 out of the top 20 companies have also retained their top 20 positions for seven consecutive years.

The list, jointly released by the China Real Estate Research Association, the China Real Estate Association and the China Real Estate Evaluation Center, ranks developers based on comprehensive strength across a range of business indicators.

The sales revenue of the top 500 property developers for 2014 reached 3.41 trillion yuan (US$550.2 billion), and the total area of property sold was 308 million sq m. Most companies showed a positive increase in sales revenue, even if the overall situation was not good.

In addition, Dalian Wanda Group Corporation Ltd, one of the real estate tycoons, didn't show up on the list because it didn't offer its data on time.

The ten most profitable real estate developers in 2015 are the following:

Guangzhou R & F Properties Corporation 廣州富力地產股份有限公司

Guangzhou R and F Properties Corporation [Xinhua]

Sales Revenue in 2014:54.4 billion yuan (US$ 8.75 billion)

Sales Area:4.08 million sq m

Founded in 1994, Guangzhou R & F Properties Corporation is one of the strongest real estate enterprises in China.

In 2012, the enterprise's turnover reached 30.4 billion yuan (US$4.887 billion), up 11 percent compared with 2011. Its sales volume reached 32.2 billion yuan (US$5.181 billion) with a sales area of 2.88 million square meters, up 13 percent and 32 percent respectively.