As of October 26, a total of 49 real estate companies issued A shares of the three quarterly reports. Statistics show tight this year, financing, real estate control policies intense environment, real estate development enterprises are still "not bad money."
It is noteworthy that, as of the end of the third quarter of this year, housing prices Qicheng operating cash flow was negative there, while housing prices listed "inventory" is still high. This means that, if the volume continues to decline, the real estate business capital chain or trap a critical situation.
Housing prices listed "not bad money"
As of the end of the third quarter, 49 companies listed total debt to 5865.9383 million yuan, 382.666 billion yuan the same period in 2009, a substantial increase of 53.3%.
Among them, the liabilities total more than 100 billion with 15 companies, respectively, Vanke A1385.98 billion yuan, Poly Real Estate 107.951 billion yuan, 47.37 billion yuan payment to the Group, investment real estate 33.883 billion yuan, 22.986 billion yuan Riverside Group, the new Lake 19.97 billion yuan in the Po, the Chinese enterprises 16.934 billion yuan; Ningbo Fuda, Huafa, Emori development, Jia Kai, and the actual development of the city's liabilities are between 10 to 15 billion yuan between.
Fortunately, not a room rate of the asset-liability ratio over 100%, 49 companies, the average debt was 63%. Among them, Tianjin Songjiang asset-liability ratio was the highest of 91.43%; Shun Fat Sunny 83.7%; in the run investment, Riverside Group, Ningbo Fidelity's asset-liability ratio is also above 80%.
Analysts said that, in fact, listed liabilities of housing prices can be said that much was still low. Housing prices because of market financing channels more than non-listed room rate. According to media reports, the current non-market housing prices most of the debt ratio over 70%.
Housing prices listed on "no money" can be obtained from another data support: the end of the third quarter of this year, 49 listed companies in real estate development are positive monetary funds.
"Zhao Bao million in gold," Housing prices in the hands of four leading funds hold in excess of 10.888 billion yuan. Among them, China Vanke A (000002) the most abundant cash flow, and its currency funds reached 315.4345 million yuan, far exceeding Poly Real Estate (600048), Golden Group (600383) and China Merchants Property Development (000024) holds more than 100 billion each dollars.
However, from the perspective of cash-rich, Jinyu Automobile City (000,702), Toronto shares (600,696), and * ST seabirds caused investors need to guard against. The three companies to the money less than 7 million yuan, * ST seabirds to the money is only 2.677 million yuan.
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