Xiangsheng will be listed soon: accounts received in advance reached 80.17 billion at the end of April

category:Finance
 Xiangsheng will be listed soon: accounts received in advance reached 80.17 billion at the end of April


80.17 billion in advance accounts contribute to the decline of future liabilities

According to the prospectus, Xiangshengs business income increased from 6.293 billion yuan to 35.520 billion yuan in 2017-2019, with a compound annual growth rate of 137.6%. At the beginning of 2020, under the impact of the epidemic situation, the company still maintained its business resilience. In the first four months, its operating revenue reached 8.552 billion yuan, an increase of 123% year-on-year.

At the same time, the companys profit quality also maintains a high level. In 2019, the roe level of Xiangsheng will increase by 33.5 percentage points to 50.1% compared with that in 2018, which is far higher than the average level of the industry. At the end of April 2020, Xiangsheng ranked first with a roe of 40.3% compared with those in the same line of Hong Kong stock exchange, and its scale and profit increased simultaneously.

It is worth mentioning that as of the end of April this year, the companys advance receipts further increased from 77.902 billion yuan in 2019 to 80.17 billion yuan. A financial person pointed out that the real estate enterprises advance accounts will usually be included in the companys revenue for a period of time in the future. The increase of Xiangshengs accounts receivable in advance is one of the signals that the companys future performance will continue to grow steadily, which will further increase the companys income and asset scale. It can be predicted that the companys future debt ratio will have a great decline space.

IPO helps to optimize financial structure continuously

The prospectus also shows that Xiangsheng has been strengthening its cash flow control over the past year. According to the data, by the end of April, Xiangshengs cash and bank balance reached 8.036 billion yuan, a further increase of 1.073 billion yuan compared with the end of 2019.

Senior industry analysts said that with the continuous increase of Xiangshengs market scale and the completion of mature and efficient capital operation management, Xiangshengs current cash flow security has been provided with strong backing, and the future level of Xiangshengs return on total assets will be higher than expected.

Xiangshengs achievements in financial balance should not be underestimated. According to the prospectus, Xiangsheng provided funds for the companys operation and development through pre-sale cash flow, bank and other loans, corporate bonds, asset-backed securities, and preferred notes. As of the end of 2019, the company has fully repaid the 2018 notes and has no outstanding balance. On March 11, Xiangsheng successfully issued US dollar senior fixed rate bonds issued on January 23 this year, which also reflected the popularity of Xiangsheng in the capital market. In the future, with the smooth progress of Xiangsheng IPO, financial security and business stability will be the business dimensions that Xiangsheng focuses on. It is expected that Xiangsheng will continue to optimize the financing structure and explore diversified financing channels through the capital market to improve the market competitiveness of enterprises. In addition, with the smooth progress of the listing process, Xiangsheng is still expected to attract a large number of overseas investment, and realize the goal of scale and quality Double Excellence development set for itself while speeding up the process. Wang Xiaowu, editor in charge of the 21st century_ NF

Xiangshengs achievements in financial balance should not be underestimated. According to the prospectus, Xiangsheng provided funds for the companys operation and development through pre-sale cash flow, bank and other loans, corporate bonds, asset-backed securities, and preferred notes. As of the end of 2019, the company has fully repaid the 2018 notes and has no outstanding balance. On March 11, Xiangsheng successfully issued US dollar senior fixed rate bonds issued on January 23 this year, which also reflected the popularity of Xiangsheng in the capital market.

In the future, with the smooth progress of Xiangsheng IPO, financial security and business stability will be the business dimensions that Xiangsheng focuses on. It is expected that Xiangsheng will continue to optimize the financing structure and explore diversified financing channels through the capital market to improve the market competitiveness of enterprises. In addition, with the smooth progress of the listing process, Xiangsheng is still expected to attract a large number of overseas investment, and realize the goal of scale and quality Double Excellence development set for itself while speeding up the process.