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Announce season to one annual newspaper again, a few jubilate a few anxious.
Big, be in harmony achieves 10 thousand divisions, constant China, greenbelt accuses, protect the head room look forward to such as benefit to be handed over in succession beautiful beautiful exam paper, net profit increase rate is maintained basically in 20% the left and right sides, only alone once " China Na Wuhu " one of occurrence outstanding achievement of rich power real estate glides, and glide scope is not little still.
To what had come 2019, rich power real estate gave out the sale target of 160 billion, but the safe accident that frequency sends causes the market to be anxious.
The near future, housing and website of ministry of urban and rural construction are announced, on March 14 afternoon, in Fu Lixin of county of Tianjin city static sea front courtyard of a person of extraordinary powers of city harmony scene 4 period in the project, produce altitude to fall accident, die 1 person. This already was the 3rd casualty accidents that project of Tianjin of rich power real estate produces up to now from April 2016, real estate of rich 2018 power ever made known his position publicly to be opposite safe respect " preparation is enough and sufficient " .
Profit of net of rich power real estate glides nearly 60% , always be in debt nearly 300 billion
On March 20, rich power real estate was announced outstanding achievement reported 2018.
Money newspaper shows, real estate of rich 2018 power realizes business income seventy-six billion eight hundred and fifty-eight million yuan, relatively grew 29.66% 2017; Net profit is 8.728 billion yuan, relatively twenty-one billion four hundred and twenty-four million yuan of 2017 decrease considerably 59.3% .
Why is the predestined relationship added close not to increase profit?
Fiducial circle consults money signs up for discovery, cost of sale of benefit from benefit from decreases 9% , consultative sale grows 60% significantly and average price is stable, actually gross profit increased rich power real estate 2018 33% reach 27.9 billion yuan, integral wool interest rate is 36.37% , be in an industry higher level.
But go up greatly in expenses of financing cost, administration and below hotel business be a burden on, dimensions of profit of rich power real estate is apparent shrink.
2018, total financing exceeds rich power real estate 25 billion yuan, include dollar of bank loan, off shore ticket of bond of first bill, churchyard, metaphase exceeds short-term financing certificate according to reaching, and fiducial loan etc, occupy respectively 52% , 12% , 25% reach 11% , financing totle drilling cost is as high as 5.112 billion yuan, relatively on year 1.673 billion yuan increase 3.439 billion yuan, amplitude 205.56% .
Debt dimensions continues to expand to 296.3 billion yuan, be in debt to be with rate of total rights and interests completely 184.1% , asset is indebted lead 80.92% .
As sale item amount by get on 88 of year to increase to 155, company sale reachs administrative expenses when the river rises the boat goes up-particular things improve with the improvement of the general situation.
2018, rich power real estate sells expenditure to be 2.291 billion yuan, relatively 566 million yuan increased 1.725 billion yuan 2017, amplitude 304.78% ; Hereat at the same time, the group is formal employee amount from go up year of 49239 people add 11086 people to 60325 people, bring administrative expenses to add 1.314 billion yuan many, among them, employee cost raises 666 million yuan.
In addition, hotel business loss expands quickly, gobbled up profit of net of rich power real estate further.
2017, a person of extraordinary powers of rich power real estate casts nineteen billion nine hundred and six million yuan receive Pan Moda 77 hotels, but this short-term buying and selling has not yielded benefit of rich force savor so far, outstanding achievement of operation of hotel of real estate of rich 2018 power the deficit from 2017 146 million yuan swift and violent expand to 459 million yuan.
Retrorse action leaves afore-mentioned index, fiducial circle notices rich force rate of net of the sale inside real estate period already glided since coming to appeared on the market 2005 lowest 11.36% , level of sales revenue earnings is not hopeful.
Battalion carries ability glides, growth of goods in stock exceeds 2 times
Animal farm reachs constrictive credit environment at policy of landed 2018 adjusting control, rich power real estate is in business developmental attitude is relatively cautious.
Period in-group buys 37.1 billion yuan land reserve in all, gross 61 land, floor area is 1, 4.05 million square metre, average price is RMB of every square metre 2, 600 yuan, and bought land to lay in amount to be 58.4 billion yuan 2017.
On sale area, the group expands landed business at 65 cities, but centre of gravity is sinking to 23 lines city.
Among them, benefit city, Taiyuan, Tianjin contributes turnover respectively 4.028 billion yuan, 3.935 billion yuan, 3.933 billion yuan, list 3 armour; The Chongqing, Beijing, Shanghai, Ji Ningbo that do not have stannum also is recorded so that turnover exceeds 3 billion yuan, the turnover that additionally Tian Jixi of lake city, Baotou, Harbin, Hainan, Fosan, Pu brings 7 cities exceeds 2 billion yuan.
The industry attribute with relatively heavy asset, concentrated capital, more or less did cautious attitude affect ability of carry of battalion of rich power real estate.
Inside report period, goods in stock of rich power real estate 974 million yuan, relatively 419 million yuan of 2017 increase 555 million yuan, amplitude exceeds 2 times, for nearly 10 years highest.
From the point of market risk, if growth of dimensions of goods in stock is too rapid, if sequel is sold not free perhaps encounters policy is tightened up, the likelihood brings about cash shedding to be critical.
In the meantime, growth of goods in stock also can reduce efficiency of asset battalion carry, affect earnings ability.
Up to by 2018, rate of flow of rich power real estate and fast move rate to already fell to 1.53% with 0.44% , assets goes show ability and short-term liquidity all not tall.
Current, fund of money of company Zhang face 34.71 billion yuan, in amount due, inside a year, hold indebted total one year respectively to what after 5 years are being reached inside 5 years, expire 32% , 49% reach 19% , short-term loan and long-term loan are current the share is total be as high as 52.35 billion yuan, countervail debt pressure nots allow small gaze.
Sold an end 2019 160 billion
Look into 2019, rich power real estate sells an end in the exposure in money newspaper 160 billion yuan, relatively go up year of growth 22% ; Plan consign can make work the area comes from the promotion of 6.11 million square metre 2018 9.2 million square metre, the sale exceeds 200 projects.
From the point of land reserve, position is clear.
Division of big bay of prep close behind expands opportunity, rich power real estate can make work in reserve of land of rights and interests of big bay area the area is 3.62 million square metre, value 46 billion yuan, predict 2019, was respectively in the sale target of big bay area 2020 16 billion, 24 billion.
Hainan is rich power real estate area of another heavy storehouse, li Sailian states on the outstanding achievement news briefing recently Hainan can have loosened news is then of 100% .
At present rich force occupies area of bigger than tower above bay in the land reserve of Hainan, and the land that adds newly 2018 has 13% in reserve is in Hainan.
As to the financing ability that is denounced by the industry all the time, the group expresses to will continue to seek other fund for the project below the banner in order to reduce financing cost, the capital negotiable securities that extends the commercial property such as the hotel actively is changed.
Fiducial gentleman notices, as financing environment comfortable, enter real estate of rich 2019 power to issue many bond successfully already, from many connection bank obtains bank of blame acceptance sex to award letter forehead to spend make an appointment with a RMB 1, 30.3 billion yuan, relatively increased nearly 10 billion yuan 2018.
To agreement of rights and interests the sale grows 22% targets compared to the same period, rich power real estate says to depend on manier already began construction project, and asset have enough to meet need is accelerated reach project cycle to shorten.
Be worth what carry is, area of new 2019 go into operation is rich power real estate 12.3 million square metre, and this number was 22 million square metre 2018, begin construction this year the area is close to cutting sb in two at the waist.
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