China News Agency, Beijing, May 6 (Reporter Pang Wuji) Affected by the spread of overseas epidemics, in April, Chinese housing companies almost suspended overseas debt issuance, and their monthly financing volume declined significantly. At the same time, the sales of housing companies in the first four months were lower than the same period last year, and the cash flow pressure of housing companies increased.
Liu Peipei, deputy director of research at the Enterprise Business Division of the Central Index Institute, pointed out at an online situation analysis meeting on the 6th that due to the impact of overseas epidemics, housing companies have no overseas debt issuance in April. Year-on-year decline channel.
According to data from the Central Index Institute, from January to April, the total amount of overseas debt, credit bonds and asset securitization financing of housing companies was 516.38 billion yuan (RMB, the same below), a year-on-year decline of 12.2%, and the growth rate changed from positive to negative.
From the perspective of financing scale, from January to April, housing companies' overseas debt financing was 190.13 billion yuan, down 10.2% year-on-year; credit bond financing was 241.39 billion yuan, basically flat year-on-year; asset securitization was issued 84.85 billion, down 38.0% year-on-year. Among them, in April alone, the total financing of housing enterprises was 101.12 billion yuan, a year-on-year decrease of 43.8%, and a chain decrease of 37.2%.
From the perspective of sales, although the sales of housing companies have gradually recovered since March, from January to April, the sales scale of the top 100 housing companies fell by 15.2% year-on-year, which is still lower than the same period last year.
The sales volume of relatively stable head housing companies also declined. Liu Peipei pointed out that the average sales value of the top ten housing companies from January to April was 114.82 billion yuan, a decrease of 10% year-on-year.
The contraction of financing scale and the overlapping of sales rebates have encountered obstacles, and the “money bag” of real estate developers has been tested again. Liu Peipei pointed out that in 2020, the scale of real estate industry debt repayment exceeds 700 billion yuan, and enterprises will pay more attention to the safety of cash flow and accelerate the recovery of payments. As China Merchants Shekou recently said at the performance meeting, it will pay special attention to the safety of cash flow this year and will revitalize its stock assets through financial innovation.
Judging from the recent annual reports issued by various companies, the overall sales growth rate of the real estate industry in 2019 has slowed significantly compared with the previous two years. The year-on-year growth rate of the sales volume of housing companies such as Country Garden, China Resources, China Shipping and Longhu all slowed down to varying degrees. Liu Peipei pointed out that in the future, housing companies will pay more attention to quality growth and improve profitability. (Finish)