31房企深夜预告业绩，最高预亏390亿，地产交出最拉胯年度成绩单

　　1月28日晚间，31家房地产A股上市公司披露2021年业绩预告，经第一财经统计，其中20家房企预告亏损，仅有三分之一房企预告盈利。华夏幸福一年预亏接近400亿，中天金融预计扣非净利润同比下降幅度超过3400%。

　　对于预亏原因，总体来看，有债务违约罚息、楼盘销售乏力、2021年度项目结算减少以及计提减值准备等因素。

已有3家房企预亏超百亿

　　在牛年交易日收官之际，A股房地产板块上市公司密集发布业绩预告，预亏成了主流。已发布预亏公告房企包括：美好置业、 奥园美谷、新华联、ST中迪、莱茵体育、中润资源、广宇发展、泛海控股、ST绿景、云南城投、阳光城、铁岭新城、嘉凯城、皇庭国际、南国置业、国创高新、世联行、蓝光发展、华夏幸福。

　　预计盈利的房企则包括：ST海投、顺发恒业、华侨城A、大悦城、中国武夷、三湘印象、荣盛发展、天保基建、泰禾集团、大名城、中南建设。

　　其中华夏幸福预亏数额最大，达到331亿元至391亿元。2021年年中出现公开债务违约的四川“一哥”蓝光发展，全年预计亏损120.37亿元。

　　除了华夏幸福和蓝光，预亏金额达到100亿以上的地产商还有泛海控股，预计归属股东净亏损90亿元-110亿元。

　　2000亿量级规模房企阳光城集团预亏45亿元-58亿元，2020年同期，阳光城盈利52.8亿元，因此2021年预计同比下滑185%-210%。预亏超过30亿的地产商还有新华联，其扣除非经常性损益后的净利润预计亏损25.2亿元—31.8亿元。

　　除了大悦城等少数房企业绩好于上年同期，绝大多数房企净利润出现“滑铁卢”，其中中天金融扣除非经常性损益后的净利润预计亏损24亿元–38.6亿元，将比上年同期下降2158% -3411%。

　　For those real estate companies that announced profits, most of the net profits also fell sharply.

Shunfa Hengye is expected to make a profit of 49.22 million yuan to 82.09 million yuan, a year-on-year decrease of 57%-74%; OCT A is expected to make a profit of 3.19 billion yuan to 4.13 billion yuan, a decrease of 67%-75% compared with the same period last year; Sanxiang Impression predicts a profit 130 million yuan, a year-on-year decrease of 57%.

　　Tahoe Group, which publicly disclosed its debt storm earlier, turned losses into profits instead.

According to its performance forecast, the net profit attributable to shareholders in 2021 is expected to reach 101 million yuan to 131 million yuan, compared with a net loss of 4.999 billion yuan in the same period last year.

The Shanghai Stock Exchange quickly issued a letter of inquiry

　　As for the reasons for the pre-loss, each company’s situation is different. In general, there are factors such as debt default penalty interest, weak sales of real estate projects, reduction in settlement in 2021, and provision for impairment.

　　The biggest loss of China Fortune Land Development is the "accrual of loan interest and penalty interest of nearly 20 billion yuan" caused by the default of 107.8 billion yuan.

　　The company announced that due to the impact of multiple rounds of epidemics in the macroeconomic environment, industry environment, and credit environment, the company’s liquidity has been tense since the fourth quarter of 2020. The stagnation has a serious impact on the company's operations, resulting in a substantial decline in the company's performance.

In 2021, most of the principal and interest of the company's borrowings will not be repaid on time (a total of 107.805 billion yuan as of December 21, 2021). The significant increase in loan-related liquidated damages and penalty interest will lead to a significant increase in financial expenses, further aggravating the loss.

In 2021, according to the relevant provisions of the original loan agreement, nearly 20 billion yuan of loan interest and penalty interest will be accrued (the audit report shall prevail), and the superimposed interest capitalization rate will decrease, resulting in an increase in the amount of interest included in financial expenses, accounting for the overall loss. The ratio is higher.

　　In addition, affected by the company's liquidity risk, some of the entrusted regional governments were worried about the sustainable performance of the CFLD Industrial New City area in the later stage, and suspended the relevant settlement work for the Industrial New City project.

In addition, the provision for bad debts of accounts receivable and the corresponding provision for impairment losses on contract assets also increased.

　　Sunshine City explained that the large pre-loss was mainly due to the setback in sales, the price reduction of real estate and the unoptimistic future sales, and the provision for inventory decline was made.

　　In the announcement, Sunshine City stated that the company has made provision for inventory depreciation based on the principle of prudence. In 2021, the real estate industry policy regulation has been upgraded, market demand has experienced a rapid decline, and the industry's overall sales have fallen severely. In order to further promote sales collection, the company has taken price reduction measures; in addition , industry credit risk incidents occur frequently, domestic and foreign rating agencies have successively downgraded the company's rating, the company's refinancing has been blocked, the liquidity of collections has been greatly restricted, the liquidity has been under obvious pressure, customer confidence has been severely depressed, customer traffic has dropped significantly, and sales to the company Constitute a great impact, and the future sales situation is not optimistic.

According to the current situation and the principle of prudence, the management of the company has made corresponding provisions for inventory depreciation. If the market situation improves in the future, the inventory depreciation reserve can be reversed according to accounting standards.

　　In addition, the decline in the settlement scale of the real estate business is also one of the factors.

The company's lower number of projects completed in 2021 resulted in lower operating profit.

　　After the announcement of a large pre-loss, China Fortune Land Development and Blu-ray Development quickly received an inquiry letter from the Shanghai Stock Exchange.

The Shanghai Stock Exchange requires China Fortune Land Development to explain the reasons for the decline in related business revenue, the prudence and rationality of previous revenue recognition, whether there is a risk of further decline, and to carry out necessary risks based on the specific development of various businesses, revenue recognition methods and future business plans. Prompt: Blue Light Development is required to supplement the disclosure of the specific reasons and rationality for the decline in real estate business revenue in combination with the regional layout of the real estate business, the construction, sales and delivery of each project, and the situation of comparable companies in the same industry.