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Turn around in Biguiyuan

2019/9/2 8:26:28
In 2019, when the policy was tightened and the market fluctuated, Biguiyuan put the repayment rate at the top of the assessment this year. Since August last year, Biguiyuan has handed over its first mid-term newspaper with excellent results. Although sales growth slowed down, revenue and net profit increased substantially, cash flow continued to recover, and the net debt ratio was also controlled within 70%.
Problems also exist. The sales of third and fourth-tier cities are weak, and Biguiyuan takes the lead. To this end, the management has been adjusting the regional and urban layout for the future. Economic reports in the 21st century have noted that the focus of corporate urban investment has shifted to five major urban agglomerations rather than the previous full-scale layout. Biguiyuan is cultivating new business growth points, and the orientation of "high-tech integrated enterprises" is the direction of development.
When asked how to deal with the tightening of real estate financing, Wu Bijun, the chief financial officer and vice president of Biguiyuan, was relaxed. She responded that there were many financing channels for the company, and she had been a high-quality customer of banks and other financial institutions. On August 13, Biguiyuan issued 2.21 billion yuan of corporate bonds with a coupon rate of only 5.14%. 。 Leaders are also not without worries, the first half of the market fluctuations, three or four lines of the impact of change has become difficult. In the first half of 2019, the company's sales and management expenses increased significantly, accounting for 9.7% of the total revenue.
In the financial report, Biguiyuan performed well, but the management thought more about the future. For a long time, Biguiyuan has been developing around China's urbanization, penetrating into the 34th and 5th tiers. Since this year, the slowdown of the 3rd and 4th tiers of real estate market has aroused investors'concern. At the performance meeting, management stressed that the company is adjusting and upgrading the urban layout, grasping the trend of population gathering to the core cities, and further developing to the five major urban agglomerations of Guangdong, Hong Kong, Macao, the Yangtze River Delta Economic Circle and the Yangtze River Economic Belt.
Due to the abundant land reserve in Dawan District, the sales performance of Biguiyuan in this area in recent years is also considerable. In the first half of 2019, half of the top 10 cities in Biguiyuan's domestic equity contract sales were located in the Dawan District of Austria, Hong Kong and Macao, including Foshan, Guangzhou, Huizhou, Qingyuan and Dongguan. Biguiyuan has also been deeply laid out in the Yangtze River Delta. From January 2018 to April 2019, the company added 26.744 million square meters of new land in the Yangtze River Delta, far higher than the second Vanke's 18.97 million square meters.
Mobin said that after the adjustment of land reserve structure, it will provide a lot of saleable value, opening up room for the company to continue to grow.

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