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[Contact - Accountant Zhang:] ▇ (Pay beforehand! Worry-free transaction) Baidu promotion: advertising, catering, materials, production fees, transportation, conference fees, consulting fees, office supplies, design fees, sales of real estate, electrical appliances,, Construction industry, quota, accommodation, building materials, etc. Editor's note: While house purchasers generally expect that housing prices will drop significantly for development, the opening of capital markets has also marked the future of real estate companies. The financing costs of real estate companies will undoubtedly increase significantly. To a certain extent, this has also intensified the tension in the capital chain of real estate companies. With the combined force of multiple factors, it is not difficult to predict that the intensity of real estate companies exchanging price for volume will further deepen
According to information statistics, . On behalf of the above-mentioned listed real estate companies, the total financial expenses in the first half of this year were 3.0 billion yuan. The year-on-year increase was , while the total financial expenses of this listed company in the first half of 3 years were . .The year-on-year growth rate of its financial expenses in the same period of three years was approximately
It can be seen that compared with the small year-on-year increase in financial expenses of real estate companies in the same period of three years, it turned to a sharp increase in the same period of the past decade, with an increase of nearly 1 percentage point< br/> According to the mid-term reports of the above-mentioned listed real estate companies, the financial expenses of three developers were negative, and the financial expenses of Daijia were positive. Among them, the financial expenses of one real estate company exceeded 100 million yuan, and the financial expenses of one house exceeded 100 million yuan
From Looking at the performance of financial expenses spent by real estate companies in the first half of the year, China Enterprises overtook Vanke to take the top spot. The amount was as high as . br/> It is worth noting that according to information statistics, Oceanwide Holdings' financial expenses in the first half of this year were 30,000 yuan, while in the same period in the past three years it was 0,000 yuan. The year-on-year reduction was 0.000 yuan less. The financial expenses were 30,000 yuan less than the same period last year. The decline rate is about 3, while Financial Street's financial expenses in the first half of this year were 300 million yuan. In the same period last year, it was 300 million yuan, a sharp increase of 300 million yuan year-on-year. The year-on-year growth rate exceeded 300 million yuan. However, relative to In terms of the number of real estate companies whose financial costs have been effectively controlled, the number of real estate companies whose financial costs have increased year-on-year is even greater
In this regard, some insiders told reporters that in recent years, real estate companies have limited the opening of domestic financing channels. It is very difficult to raise funds through the capital market and bank loans. Most developers finance through trust channels. Their financing costs are basically above. Some real estate companies even have to borrow usurious loans from the private sector to survive. In view of this, many real estate companies Financing abroad. However, in the context of the continuous decline in transaction volume in mainland China's property market and the low return on investment in the property market, overseas investors do not buy the low-cost financing provided by real estate companies. This has to some extent led to the financing of real estate companies overseas. The cost has even risen to above
Obviously, high interest expenses have increased the financial pressure of enterprises. At the same time, it has also tested the ability of real estate enterprises to withstand financial pressure
The project turnover speed has been under pressure
The real estate enterprises' The amount of liabilities is directly proportional to its financial expenses. Another industry insider told reporters that in the past three years, most real estate companies have bought a lot of land, and their liabilities have increased a lot. This has obviously further increased their interest-bearing liabilities. The proportion of the project has increased its financial cost burden
It is worth mentioning that Song Yanqing also told the Securities Daily reporter that in real estate development, if the project completion period is used as the time point to record, if it is completed before the project is completed, The interest-bearing loans for the original development project have not yet been repaid. The more existing houses that have not yet been sold, the greater the pressure will be on the company's financial cost indicators
Looking at the inventory of the property market in the first half of this year and transaction volume. The sales target completion rate of most real estate companies is not as good as expected at the beginning of the year. The project sales cycle has lengthened and the turnover rate has slowed down. This has given rise to the phenomenon of a sharp increase in financial expenses of real estate companies
In fact, most real estate companies have realized that financial expenses Costs are rising in the development of real estate projects. In view of this, most real estate companies are adopting a high turnover strategy to reduce interest expenses by accelerating project turnover
And our reporter learned from multiple interviews that large benchmark real estate companies Almost all companies are vigorously developing and promoting the copy development of standardized product lines. The reason is that product line development can achieve rapid positioning, rapid design, rapid recruitment, rapid construction, rapid sales and rapid cash flow balance. It can also increase the project turnover speed. . Reduce financial pressure
In addition, some powerful real estate companies are striving to build + stock listed financing platforms in order to borrow money with lower interest rates. The gap between domestic and foreign financing costs is close to that of real estate companies. In order to open up the listing platform in Hong Kong, China, developers ranging from benchmark real estate companies such as Vanke and Greenland to developers such as Oceanwide Holdings, which are striving for transformation and change, have completed the dual financing platform strategy of opening up domestic and overseas capital markets. Its purpose is nothing more than to expand financing. Channel. In the context of high-leverage operations, we strive to reduce the financial costs caused by high liabilities and thereby increase corporate profits
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