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On September 1, according to the official WeChat account of Evergrande Group, 8 vice presidents of the group led the special working group of the eight major building guarantees, and the chairman of each provincial company led the team members and project managers to sign the military order of "guarantee building"
.
The Evergrande Group stated that under the leadership of Xu Jiayin, Chairman of the Evergrande Group, the group ensures the construction of the project and completes the delivery of the real estate with quality and quantity
.
In recent years, Evergrande has been in a deep debt crisis, and relevant news has emerged one after another.
This time, as a real estate giant, even the delivery of the property has to sign a military order.
The hidden worries behind it can be seen
.
China Evergrande Group, which is in financial crisis, released this year's semi-annual report on August 31, showing that its net profit in the first half of this year was RMB 10.
5 billion, a year-on-year decrease of 28.
9%
.
Among them, the sale of the shares of its subsidiaries, Hengteng Network Group Co.
, Ltd.
and Jiakai City, effectively increased the net income
.
Evergrande warned in its financial report that “if the relevant project fails to resume work, there may be risks of impairment of the project and impact on the liquidity of the group
.
” According to the financial report, as of the end of June this year, Evergrande’s interest-bearing liabilities reached 571.
775 billion yuan.
Among them, about 240.
49 billion yuan of debt will mature within one year; bank deposit balance is 161.
627 billion yuan, of which restricted cash is 74.
855 billion yuan
.
Evergrande said in its financial report that it will take a number of measures to alleviate the current liquidity problems.
As of the previous day, it has disposed of 5 real estate projects including Hengteng Network, Shengjing Bank, Evergrande Bingquan, Shenzhen High-tech Investment The total sale price is about 16.
6 billion yuan
.
Like Evergrande, the leading real estate companies that burst into thunder include Sunshine 100, China Fortune Land Development, and Tahoe Group who are in deep financial crisis
.
As a leading real estate company, the crisis caused by Evergrande’s high debt is not limited to the real estate industry, and even spread to the upstream and downstream of the entire industrial chain
.
As far as the coating industry is concerned, with the development of Evergrande for many years, Carboli, Zhanchen New Materials, China Resources Paint, Bardez, Keshun Co.
, Ltd.
, Oriental Yuhong, Asia Paint, Sankeshu, Nippon Paint, etc.
The company has established a cooperative relationship with Evergrande Group, and the purchase amount has reached more than one billion
.
These order cooperations that once made the leading paint companies extremely glorious are now facing hidden dangers in account payment and bill redemption
.
Up to now, the commercial acceptance bills of the six leading companies of Sankeshu, Oriental Yuhong, Keshun Waterproofing, Asia Chuangneng, BNBM, and Kailun have reached 4.
133 billion yuan
.
The commercial acceptance bills of Oriental Yuhong alone amounted to 1.
588 billion yuan
.
The so-called commercial bills play two roles in the real estate circle.
One is a payment tool, and the other is an invisible financing method.
On the one hand, real estate companies use commercial bills to pay for construction and materials, helping themselves to carry out upstream and downstream capital turnover.
On the other hand, under the control of the three red lines, commercial bills have become a way for real estate companies to open an IOU in exchange for interest-free funds
.
Under the background of a long cycle in the real estate industry and a large number of industrial chains, overdue acceptances have not been paid from time to time
.
For its upstream paint and material suppliers, Evergrande’s current situation makes commercial ticket risks increasingly prominent
.
The issue of remittance is closely related to the safety of corporate funds.
Once a problem arises, it will inevitably affect the operation and development of the company.
Even if Evergrande sells its assets, 16.
6 billion is still a drop in the bucket for high liabilities.
How much can coating companies get? Disclaimer The content of this article is comprehensively sourced from Evergrande Group, Sina Finance, etc.
, edited by Ai Tubang.
Please indicate the source for reprinting
.
If it involves the content of the work, copyright and other issues, please contact this number in time, we will delete the content as soon as possible!
.
The Evergrande Group stated that under the leadership of Xu Jiayin, Chairman of the Evergrande Group, the group ensures the construction of the project and completes the delivery of the real estate with quality and quantity
.
In recent years, Evergrande has been in a deep debt crisis, and relevant news has emerged one after another.
This time, as a real estate giant, even the delivery of the property has to sign a military order.
The hidden worries behind it can be seen
.
China Evergrande Group, which is in financial crisis, released this year's semi-annual report on August 31, showing that its net profit in the first half of this year was RMB 10.
5 billion, a year-on-year decrease of 28.
9%
.
Among them, the sale of the shares of its subsidiaries, Hengteng Network Group Co.
, Ltd.
and Jiakai City, effectively increased the net income
.
Evergrande warned in its financial report that “if the relevant project fails to resume work, there may be risks of impairment of the project and impact on the liquidity of the group
.
” According to the financial report, as of the end of June this year, Evergrande’s interest-bearing liabilities reached 571.
775 billion yuan.
Among them, about 240.
49 billion yuan of debt will mature within one year; bank deposit balance is 161.
627 billion yuan, of which restricted cash is 74.
855 billion yuan
.
Evergrande said in its financial report that it will take a number of measures to alleviate the current liquidity problems.
As of the previous day, it has disposed of 5 real estate projects including Hengteng Network, Shengjing Bank, Evergrande Bingquan, Shenzhen High-tech Investment The total sale price is about 16.
6 billion yuan
.
Like Evergrande, the leading real estate companies that burst into thunder include Sunshine 100, China Fortune Land Development, and Tahoe Group who are in deep financial crisis
.
As a leading real estate company, the crisis caused by Evergrande’s high debt is not limited to the real estate industry, and even spread to the upstream and downstream of the entire industrial chain
.
As far as the coating industry is concerned, with the development of Evergrande for many years, Carboli, Zhanchen New Materials, China Resources Paint, Bardez, Keshun Co.
, Ltd.
, Oriental Yuhong, Asia Paint, Sankeshu, Nippon Paint, etc.
The company has established a cooperative relationship with Evergrande Group, and the purchase amount has reached more than one billion
.
These order cooperations that once made the leading paint companies extremely glorious are now facing hidden dangers in account payment and bill redemption
.
Up to now, the commercial acceptance bills of the six leading companies of Sankeshu, Oriental Yuhong, Keshun Waterproofing, Asia Chuangneng, BNBM, and Kailun have reached 4.
133 billion yuan
.
The commercial acceptance bills of Oriental Yuhong alone amounted to 1.
588 billion yuan
.
The so-called commercial bills play two roles in the real estate circle.
One is a payment tool, and the other is an invisible financing method.
On the one hand, real estate companies use commercial bills to pay for construction and materials, helping themselves to carry out upstream and downstream capital turnover.
On the other hand, under the control of the three red lines, commercial bills have become a way for real estate companies to open an IOU in exchange for interest-free funds
.
Under the background of a long cycle in the real estate industry and a large number of industrial chains, overdue acceptances have not been paid from time to time
.
For its upstream paint and material suppliers, Evergrande’s current situation makes commercial ticket risks increasingly prominent
.
The issue of remittance is closely related to the safety of corporate funds.
Once a problem arises, it will inevitably affect the operation and development of the company.
Even if Evergrande sells its assets, 16.
6 billion is still a drop in the bucket for high liabilities.
How much can coating companies get? Disclaimer The content of this article is comprehensively sourced from Evergrande Group, Sina Finance, etc.
, edited by Ai Tubang.
Please indicate the source for reprinting
.
If it involves the content of the work, copyright and other issues, please contact this number in time, we will delete the content as soon as possible!
