Xincheng holdings 3.014 billion ABS was accepted, and the financing was broken again

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 Xincheng holdings 3.014 billion ABS was accepted, and the financing was broken again


In addition to constantly expanding financing channels and reducing financing costs, Xincheng holdings also maintained a safe and stable financial performance. According to the 2019 annual report of Xincheng holding, by the end of last year, the net operating cash flow of Xincheng holding was 43.580 billion yuan, the balance of cash in hand was 63.941 billion yuan, and the short-term debt was 30.602 billion yuan, of which 14.5 billion of open market financing was due with rights. The companys cash in hand can completely cover short-term debt, and the cash short debt ratio is more than twice. In addition, the net debt ratio decreased to 16.36% from 49.21% in 2018. The lower debt level has created important conditions for Xincheng holding to expand its financing scale this year, and thus has obtained more channels for financing at lower cost. In May this year, Hexun real estate ranked the top 100 listed real estate enterprises of A-share and H-share based on single and comprehensive financial indicators according to 2019 annual report. In terms of financial health, operating capacity, operating efficiency, net asset liability ratio, Xincheng holdings ranked within the top three, while in terms of negative evaluation indicators such as interest liability growth rate, most of them ranked better than previous years u3002 The improvement of financial quality has created an opportunity for Xincheng holding to gain many high-quality plots in the land market this year. Source: editor in charge of mass news: Chen Tiqiang_ NB6485

In addition to constantly expanding financing channels and reducing financing costs, Xincheng holdings also maintained a safe and stable financial performance. According to the 2019 annual report of Xincheng holding, by the end of last year, the net operating cash flow of Xincheng holding was 43.580 billion yuan, the balance of cash in hand was 63.941 billion yuan, and the short-term debt was 30.602 billion yuan, of which 14.5 billion of open market financing was due with rights. The companys cash in hand can completely cover short-term debt, and the cash short debt ratio is more than twice. In addition, the net debt ratio decreased to 16.36% from 49.21% in 2018. The lower debt level has created important conditions for Xincheng holding to expand its financing scale this year, and thus has obtained more channels for financing at lower cost.

In May this year, Hexun real estate ranked the top 100 listed real estate enterprises of A-share and H-share based on single and comprehensive financial indicators according to 2019 annual report. In terms of financial health, operating capacity, operating efficiency, net asset liability ratio, Xincheng holdings ranked within the top three, while in terms of negative evaluation indicators such as interest liability growth rate, most of them ranked better than previous years u3002 The improvement of financial quality has created an opportunity for Xincheng holding to gain many high-quality plots in the land market this year.