The recent negative news about Evergrande is not uncommon, and it gives people the impression that Evergrande is "swayed by wind and rain." But starting today, maybe everything will be "turned over".
1. Solve the problem proactively
At 18:00 on August 19, according to the People's Bank of China website news, the people in charge of the People's Bank of China and the China Banking Regulatory Commission interviewed the senior executives of Evergrande Group . In the early morning of August 20, Evergrande Group issued an announcement in response to being interviewed: complete the delivery of the real estate with quality and quantity.
And just today, September 1st, Evergrande Group held a military order signing conference for "Guarantee Building". The eight vice presidents of the group led the special working group of the eight major building guarantees, and the chairman of the provincial companies led the team members and projects, and solemnly signed the military order of "guarantee building". Under the leadership of Xu Jiayin , Chairman of the Board of Directors of Evergrande Group, all employees of the group swear to ensure the construction of the project with the greatest determination and strength, and to complete the delivery of the real estate with quality and quantity.
2. Do not evade in the face of problems
Yesterday, August 31, China Evergrande (03333.HK) released the 2021 interim results report, showing that in the first half of the year, Evergrande’s revenue was 222.69 billion The gross profit was 28.84 billion yuan, and the net profit was 10.5 billion yuan, a year-on-year decrease.
In the performance report, Evergrande stated that, as of now, some real estate-related payables have been overdue, which has caused the suspension of some projects of the Group. It is reported that Evergrande is negotiating with suppliers and construction contractors to strive for the resumption of the project by deferring payment or deducting the arrears with properties. Evergrande said: “It will do its utmost to continue operations and strive to deliver the property on time.”
In fact, Evergrande’s real estate business has suffered losses, which has nothing to do with the “three red lines”. Reduce debt. Evergrande’s goal is to reduce interest-bearing liabilities to less than 590 billion yuan by June 30, 2021, to less than 450 billion yuan on June 30, 2022, and to less than 350 billion yuan on June 30, 2023. At present, Evergrande’s net debt ratio has fallen below 100%, and a red line has turned green.
3. It’s only sooner or later to get out of the predicament
There was a news on the Internet that "Construction of Constant Dadi’s real estate was suspended".But the rumors were quickly dismissed, and what is the actual delivery situation of Evergrande's real estate?
In the past two months, Evergrande has intensively delivered multiple rounds of large-scale delivery across the country. Inner Mongolia, Chongqing, Hunan, Hubei, Beijing, Hebei, Gansu, Xinjiang, Jiangsu, Jiangxi, and Guangxi have welcomed the delivery "test", and owners’ satisfaction is relatively high. high. Take Chongqing Evergrande as an example. In July, more than 3,000 suites were delivered, with a satisfaction rate of 100%; the total number of deliveries in Hunan’s four major projects has reached more than 1,380, with a total area of 270,000 square meters, and many of them have delivery rates. 100% star real estate.
In addition, Evergrande Chongqing will launch a number of star real estate projects in the Golden, 9th, and 10th of this year, and it is expected to achieve sales of over 2 billion. For example, the Evergrande Yundi in the core area of Chongqing’s mother city has a sales performance of 800 million yuan. The Evergrande Daishan Huating in the Science City, the Tongliang Evergrande City, the International Cultural City, Jinbi Tianxia and other projects will also continue Plus tweet.
In summary, it seems that Evergrande is not just talking about it, even if a few projects are suspended, it is only temporary. Evergrande’s proactive attitude makes home buyers very relieved. The establishment of the "military order" also shows Evergrande's determination. I sincerely hope that Evergrande can get out of the predicament as soon as possible and come back against the wind.
.
