More than half of the listed companies “deleverage” and reduce the debt ratio, who is the “most negative” company in assets?

Original title: More than half of listed companies “deleverage” the debt ratio and reduce who is the “most negative” company

On August 31, the semi-annual report of companies listed in A shares was released.According to the data, as of August 31, among the 3,975 A-share companies listed on the stock exchange, the performance of 3,973 companies in the first semester of the year. From an asset structure perspective, the total assets of these 3,973 listed companies at the end of the reporting period have reached 300 trillion yuan.

Judging by the balance sheet of listed companies, more than half of the listed companies have reduced their debt / assets ratio. As of August 31, 39 listed companies remain insolvent. Among insolvent listed companies that have not been “ST”, Xishui shares have a net asset of -34.558 million yuan, which is currently the listed company with the lowest net assets.

[El índice de endeudamiento de 1876 empresas cotizadas disminuyó y el flujo de caja operativo de 2033 empresas cotizadas disminuyó año tras año]

According to statistics from Choice data, the Shell Finance reporter showed that the asset structure of 1,876 publicly traded companies has improved and that the debt-to-asset ratio has decreased compared to the end of 2019.

Among them, for example, * ST Salt Lake’s asset-liability ratio at the end of last year was 229.01% and, as of June this year, the asset-liability ratio rose to 134.42%. * ST Salt Lake Mouth had a total debt of 51.6 billion yuan at the end of last year, and a total debt of 28.2 billion yuan at the end of June.

Additionally, the asset-liability ratios of Zejing Pharmaceutical, * ST Beineng, * ST Oppo, Alloy Investment and China Cell at the end of 2019 were 76.97%, 128.5%, 458.83%, 84.01% and 95 , 69%, respectively, at the end of June this year. Debt to asset ratios were reduced to 8.53%, 66.45%, 398.37%, 30.03%, 51.29%.

As for total liabilities, at the end of June, the total liabilities of 671 listed companies exceeded 10 billion yuan. Except for the publicly traded companies and the “two barrels of oil”, China State Construction, Vanke A and Greenland Holdings have higher liabilities, which are respectively 1.65 trillion yuan, 1.5 trillion yuan, 1 , 03 trillion yuan.

According to statistics from Shell Finance and Economics, from a cash flow from operating activities perspective, the cash flow from operating activities of 2,033 listed companies decreased year-over-year, and the net cash flow from operating activities decreased by 1,502 Listed companies was negative.

Excluding listed companies, China State Construction, China Railway, China Railway Construction, China Communications Construction, Poly Real Estate, C&D, China Fortune Land Development, Shanghai Construction Engineering and other real estate or construction industries have net cash flows relatively low.

[39 empresas son insolventes y las acciones de Xishui se convierten en la empresa no ST “más negativa”]

According to statistics from Choice data, Shell Finance reporters show that 493 publicly traded companies have an asset-liability ratio of more than 70%. Among them, 39 listed companies have debt to asset ratios above 100%.

It is worth noting that 37 of the 39 companies listed above are risk warning stocks. For example, * ST Energy Conservation, * ST Xinwei, * ST Pegasus, * ST Oppo, * ST Liyuan, * ST Hemei and * ST Qiulin, which have higher asset-liability ratios, have asset-liability ratios of 3215.59% at end of the reporting period. , 875.25%, 523.27%, 398.27%, 309.82%, 241.77% and 221.70%. The net assets are respectively 2,146 million yuan, -12,521 million yuan, -10,903 million yuan, 2,430 million yuan, -5,985 million yuan and -2,477 million yuan. 100 million yuan, 1.708 million yuan.

Among insolvent listed companies that have not been “ST”, Xishui shares have a net asset of -34.558 billion yuan, which is currently the listed company with the lowest net assets. Tianxiang Environmental’s net assets are 1.728 billion yuan, with a debt / asset ratio of 141.29%.

It is worth noting that among insolvent companies, 6 listed companies have asset-liability ratios below 100% at the end of 2019, such as Xishui, * ST Shengda, * ST Zhongnan, ST Shuanghuan, * ST As of the end of 2019 , the asset-liability ratios of Jinyu and * ST Lions were 60.31%, 66.83%, 93.3%, 94.9%, 96.69%, and 99.03%, respectively.

Among the insolvent companies mentioned above, there will also be companies that continue to issue bank account delinquency or freeze announcements. On the night of August 31, * ST Huaxun revealed that its subsidiary Nanjing Huaxun had overdue debts due to financial restrictions: two loans at Shanghai Pudong Bank were already past due, with a total overdue principal of 95 million yuan.

Beijing News Shell Finance reporter Li Yunqi, editor Yue Caizhou, reviews Liu BaoqingReturn to Sohu to see more