The old state-owned enterprises opened their shares and handed in a seemingly good transcript.
Editor’s note: This article is from WeChat public account Hexun Property (ID: hexunhouse), the author Chang Dandan.
At the end of the semi-annual disclosure season, the old stocks of the old-fashioned state-owned enterprises, which had been closely watched by the outside world at the beginning of the year, handed in a seemingly good transcript.
In the report period, the operating income of the first open shares was 23.245 billion yuan, up 32.49% year-on-year; the net profit attributable to shareholders of listed companies increased by 54.17% year-on-year to 2.064 billion yuan, and the basic earnings per share was 0.725 yuan, an increase of 65.44%.
In the main business of real estate, the sales volume of full-caliber sales was 43.68 billion, up 56.8% year-on-year. The contracted area was 1,454,400 square meters, up 20.03% year-on-year; the contracted amount was 40.39 billion yuan, up 31.24% year-on-year. 39.98%, in the 41 housing companies camp that announced this year’s sales target, this result ranked lower.
On the day of the semi-annual report, a loan financing announcement with a scale of 800 million yuan and a term of no more than 2 years also attracted the attention of all parties. The announcement shows that the purpose of this bond financing is to improve the company’s debt structure and supplement the company. Operating liquidity required, financing will be used to repay corporate debt, project development and construction and other purposes permitted by applicable laws and regulations. In fact, along with the pressure of debt repayment, the yearning for the capital of the first shares is also a deep appeal of its hidden under the performance of “Juli”.
A few months ago, the first shares were delighted to announce that the first hit of the billions of dollars was still in sight. At present, its semi-annual report is difficult to hide the “faint sadness.”
Two major injuries have dragged down the scale
According to the law of the past real estate market, the traditional peak season of gold and silver in the second half of the year, the sales completion rate of more than 40% in the first half of the year can largely seal the victory in advance, according to the 41 sales targets of the property statistics. In the first half of the year, 85% of the real estate enterprises completed more than 40%. Unfortunately, despite the year-on-year increase of 31.24% in sales, the completion rate of less than 40% made it impossible for the first shares to be submitted. “Characteristic volume”.
It should be reminded that the sales target of the first opening shares in 2019 is basically the same as the sales in 2018, only slightly increased by 0.3%, which is far from the average target performance increase of around 20% in the industry. Under the industry ecology of not going back, the first shares are obviously ready to miss the opportunity of development in 2019. In particular, in the first half of this year, there were 12 housing companies with sales exceeding 100 billion, compared with only 7 in the same period last year.