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New Hope's cumulative new borrowings in 2021 exceed the net amount at the end of the previous year...

 Last Update: 2021-12-24
 Source: Internet
 Author: User

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On December 22, New Hope issued an announcement stating that the company’s cumulative new borrowings in 2021 have exceeded 50% of its net assets at the end of the previous year, but it will not have a significant adverse impact on production, operations and solvency.
The company’s overall assets and liabilities are currently stable and healthy.

.

According to the announcement, at the end of 2020, New Hope’s net assets amounted to 51.
371 billion yuan and the balance of borrowings was 39.
202 billion yuan
.

At the end of November 2021, New Hope’s loan balance rose to 67.

From January to November 2021, New Hope increased its long-term borrowings by approximately 11.
520 billion yuan, mainly for the construction of pig farms.
The increase in medium and long-term interest-bearing debt also optimized the structure of New Hope's interest-bearing debt
.

New Hope stated that the new loans are mainly needed for the company's strategic development of pig raising and guaranteeing the supply of civilian biological resources
.

At present, the company's book funds are sufficient.

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