Housing prices surge in Qicheng listed liabilities of a small room facing a crisis of Asurvival rate

feed while undergoing a 2010 regulation of the property market for nearly a year, but the recent disclosure of each annual report listed room rate, almost all of the room rate are disclosed in the annual report made a good performance.

while undergoing a 2010 regulation of the property market for nearly a year, but the recent disclosure of each annual report listed room rate, almost all of the room rate are disclosed in the annual report made a good performance.

in this 20 room rate of profit, but also the performance of 16 companies made up, which means that housing prices have been disclosed in the annual report, nearly 8 percent of the company achieved a revenue growth.

polarization housing prices become more apparent

small housing enterprises faced a new crisis

under the WIND data, this 21 room rate to achieve a total turnover in 2010 income of 111.653 billion yuan, 89.319 billion yuan over 2009, an increase of 24.94%; to achieve the net profit attributable to shareholders 16.715 billion yuan, 11.848 billion yuan over 2009, an increase of 41.08%; gross profit margin of 34.71% from 2009 increased to 36.21%.

but should see that, although the majority of property under the control of the results achieved room rate growth, but housing prices are more obvious phenomenon of polarization.

disclosed in this annual report 21 in housing prices, China Vanke, Poly contribution of the two giants together a net profit of 12.103 billion yuan, accounting for 21 total net room rate 72.4%; operating income total of 86.607 billion yuan, accounting is as high as 77.5%.

Vanke which 50.71 billion yuan last year, operating income, representing an increase of 3.75%; net profit of 7.283 billion yuan, representing an increase of 36.65%. Poly Real Estate 600,048, stock it will achieve revenues of 35.71 billion yuan last year, representing an increase of 55.35%; net profit of 49.2 billion yuan over the same period by four.

In addition, China Vanke and Poly iAn 2010 were also made sales of 1,000 billion and 600 billion yuan breakthrough results. In contrast to the situation of small housing prices is very difficult indeed.

the only loss of ST Societe Generale, the expected assets into the manner by turns gorgeous, but the regulation of real estate experience, leading real estate assets into the failure of not making any sales of its projects in 2010 revenue is zero. Restructuring the company to get rid of difficulties, has begun turning to the new energy industries.

still the same fate Eastern ST, Bu Jinke Group of backdoor programs in public more than a year later, still not able to complete its restructuring. Although the company achieve profitability in 2010 23.84 million yuan, but the main Department of gains on disposal of non-current assets and other receivables, bad debts back. And rely on the income, but also makes for real estate in Eastern ST restructuring matters continue to adhere to, not the same as the ST Societe Generale was forced to switch to other industries. However, if the real estate restructuring in 2011 can not open the gate, ST Tung Yuen's restructuring plan will face even greater challenges.

and in the beautiful large room prices and struggling to survive the middle of a small housing prices, some medium-sized room rate also showed a good growth performance. In Hong real estate, gorgeous family, the aircraft were made real estate more than doubled the performance of growth.

tensions cash flow

21 7 percent surge in the company liabilities

people in the industry, says that operating cash flow decreased, on the one hand promulgated by the state since last year, a series of real estate policy, even though the fourth quarter of last year has been warmer, but the annual real estate sales are not good in 2009; the other hand, some projects have been sold at the end of last year to complete, and new projects has not yet begun sales, coupled with the company and the project started to get to the expenditure, which will affect the cash flow from operating activities.

one analyst says that strict control policies by the countries affected, the degree of liquidity of real estate will also show a downward trend, here trends continue, the third quarter, real estate company's cash flow will be very tight In particular, some small and medium real estate companies.

National Bureau of Statistics data also show that in 2010 the balance of real estate development for more than two million enterprise fund, plus some housing prices this year, more than 16 billion yuan of overseas facilities, the estimated 6 months to support the developer about the operation.

and 21 hold the hands of the end of 2010 room rate is 19.587 billion yuan in cash, less than -254.44 billion in cash flow.

In addition, the rapid expansion of housing prices in some of the same time, its debt is climbing. This 21 room rate has been disclosed in the annual report of the end of 2010 the total debt has reached 344.1 billion yuan, 198.7 billion yuan over the end of 2009 increased by 73.16%. The same period, this 21 room rate of total assets increased by only 55.06%, to 462.7 billion yuan.

2 月份 overall decline in housing prices sales

and set aside the results, cash flow and other issues, the current housing prices are most worried about is the third wave of the impact of control on the market. Housing prices based on the sale of some of the data showed that February sales of the real estate market overall declined.

Poly Real Estate, the latest data to show the company in February with a contracted area of ​​222,800 square meters with a contracted amount of 2.472 billion yuan, respectively, fell in January compared with 54.9% and 49.8%.

boss Vanke February sales data although the significant increase year on year, but the chain was shrinking. Month, the sales area of ​​549,000 square meters, the amount of sales of 6.08 billion, the chain are shrunk Qi Cheng.

Agile listed in Hong Kong, R & F Properties also true, in the first 2 months Agile realize the amount of contracted sales of approximately 6.7 billion less than last year's December sales in a single month. Latest bulletin also shows that R & F Properties, the company recorded a contract within 2 months of about 1.222 billion yuan sales income, a decline of 57%.

this regard, an institution's research report that the regulatory policies to the present, more than 30 cities in the purchase of, making the sales decline and remain low for some time. Influenced by some developers, in order to stimulate sales, which some developers may be the first to cut prices.

statement: Net posted this article for more information on the purpose of passing, does not mean agree with their views or confirm the description.