In the first half of the first half of the year, more than half of the net profits of A-share real estate companies fell by almost 40% and more than 50%.

Original title: In the first half of the year, more than half of the net profits of A-share real estate companies fell by almost 40% and more than 50%.

Summary

[El beneficio neto de más de la mitad de las empresas inmobiliarias con acciones A en la primera mitad del año cayó casi un 40% y cayó más del 50%]From the perspective of changes in net profit, 72 real estate companies experienced a decrease in net profit, accounting for almost 55%. Among them, Jinghan shares fell the most, down 5842.3%. There are 49 real estate companies with a net profit drop of more than 50%, which represents almost 40%. (China-Singapore Jingwei)

As of August 31, according to the industry classification of the Securities Regulatory Commission, the semi-annual reports of 131 real estate companies listed in A shares have been released, of which 72 have decreased in net profit, which represents almost 55% .

　　In the first half of the year, more than half of the net profits of A-share real estate companies fell

OfNet profitRegarding the situation, in the first half of the year, 102 of the 131 real estate companies listed in A shares were profitable, representing 78%. In addition, 68 real estate companies are listedthe companyshareholderofNet profitMore than 100 million yuan, netprofitThere are currently 20 companies with more than one billion yuan. Among them, the three publicly traded real estate companies Vanke, Poly and Greenland ranked among the top three in net profit, with $ 12.508 billion, $ 10.124 billion and $ 8.20 billion, respectively.

From the perspective of changes in net profit, 72 real estate companies experienced a drop in net profit, accounting for almost 55%. among them,Jinghan StockThe largest decrease was 5842.3%. There are 49 real estate companies with a net profit drop of more than 50%, which represents almost 40%.

Zhuge Housing Search Data Research CenterAnalystChen Xiao accepts Sino-Singaporean JingweiclientDuring the interview, the client pointed out that in the first half of the year, affected by the epidemic, sales offices were closed and construction was delayed.PerformanceIn addition, under the general tone of “housing to live without speculation”, real estate companies will maintain a relatively stable development for a longer period of time.

　　13 real estate companies shortlisted in the “100 Billion Club”

Source: Middle Finger Research Institute

The Zhongzhi Research Institute noted that in the first half of 2020, real estate companies will gradually regain their performance due to the epidemic. Average sales of TOP100 real estate companies are 51.21 billion yuan.Year with yearDown 1.45%, TOP100marketThe participation is 57.5%. Among them, there were 13 real estate companies with sales of more than 100 billion yuan, an increase of 1 over the same period last year (12); 107 real estate companies with 10 billion yuan in sales, a decrease of 14 from the same period last year (121).

In terms of performance targets, of 28 companies that announced sales targetsreal estatebusinessFrom a point of view, the performance compliance rate in the first half of the year reached 40%, of which Evergrande completed 53.7%, ranking first.

Affected by the epidemic, the threshold value of TOP100 in the first half of the year fell to 11.22 billion yuan. Among them, the threshold value of TOP10 real estate companies is 110.6 billion yuan, an increase of 5.16% over the previous year. Competition between the major real estate companies has become more intense.

In addition, according to the People’s CourtadNet shows that 228 real estate companies went bankrupt in the first half of the year.

In Chen Xiao’s view, the leading real estate companies themselves have more advantages in terms of scale and land acquisition and financing. Faced with increasing downward pressure in the market and the impact of the epidemic, they are more resistant to risks. In the case of insufficient cash flow and financing difficulties, the future living environment will be more difficult and the differentiation between real estate companies between and within each camp has been further intensified.

　　Financing or real estate tightening in the second semester

On August 20, the Ministry of Housing and Urban-Rural Development and the Central Bank heldreal estateBusiness Symposium,meetingHe noted that for further implementationreal estateLong-term mechanism, well implementedReal estate financingImproved prudent management systemReal estate companyThe marketing, regulation and transparency of financing will be widely requested in the initial stage together with the relevant departments.opinionBased on the formation of key propertiesCorporate fundsMonitoring and financing management standards.

Statistics from the Centaline Real Estate Research Center show that in August,LinkMore than 65.9 billion were found in a single month, an increase of 5.1% over the same period in 2019, and the financial explosion data continued from July. Especially in the second half of August, real estate companies intensively launched large-scale financing. Overall, from July to August, real estate financing set a new all-time high for the same period.

Zhang Dawei, chief analyst at Centaline Property, told Jingwei’s Chinese-Singaporean client that, in general, theProperty salesThis has moderated and the sales of most companies have increased, however, real estate companies have recently increased all financing methods to maximize financing. To respond to possible future market changes, most real estate companies have acceleratedReserve funds. For companies with relatively high leverage, financial pressure has increased recently.

Yan Yuejin predicts that real estate financing could adjust in the second half of the year. All regions are expected to tighten the chain of real estate regulation at all times, but at the same time they will not blindly suppress real estate companies.

Chen Xiao also believes that in the second half of the year, there is a high probability that the financing of real estate companies will tighten, and the impact will be relatively small for leading real estate companies. However, for high indebtedness and high leverage real estate companies, operating pressure will increase in the second half of the year. In the future, you can speed up billing and sales.PayTo relieve pressure on cash flow.

　　Annex: Data from the semi-annual report of 131 real estate companies listed in A shares

(Source: Sino-Singapore Jingwei)

(Responsible editor: DF522)