In the first half of 2020, Dafa will continue to maintain sustainable growth

category:Finance
 In the first half of 2020, Dafa will continue to maintain sustainable growth


According to the interim report data, as of June 30, 2020, the total cash held by Dafa real estate was about 5.793 billion yuan, an increase of 23% over the same period of the same period last year, with abundant funds. In the first half of 2020, the net debt ratio decreased to about 71.7%, and the effect of debt reduction was significant, and the ratio of cash to short-term debt remained at 1.2 times. From January to July 2020, Dafa successfully issued US $350 million of preferred notes to further optimize the financial structure of the group.

Dafa has actively expanded diversified financing resources, optimized debt structure, and explored abundant and stable sources of funds for long-term development through bank loans, issuance of overseas US dollar preferred notes and other channels. The company has maintained good relations with more than 60 financial institutions to escort its long-term development.

The healthy financial and capital level of Dafa real estate has been recognized by domestic and foreign institutions. In the first half of 2020, Moodys reiterated the international credit rating B2 of Dafa real estate, with a stable outlook. Anxin International released the real estate industry research report and maintained the buy rating of Dafa real estate. In addition, in the first half of the year, the group has successively won such prestigious awards as stable operation enterprise award, 2020 top 100 listed real estate enterprises in China, 2020 top 10 listed real estate companies in China, 2019 gold Hong Kong stock most valuable real estate company and China comprehensive strength investment holding enterprise award.

Finally, Ge Yiyang, chairman of the board of directors of Dafa real estate, said that Dafa will continue to speed up and increase efficiency, continue to be guided by national policies, continuously optimize the whole system marketing management system, use smart marketing to drive growth, and achieve stable and sustainable development; it will maintain a cautious and optimistic investment attitude, maintain good strategic determination, deeply plough into the Yangtze River Delta, and implement the 1 + 5 + X strategy It will continue to improve financing costs and debt structure. Dafa will adhere to a stable and balanced core, constantly speed up efficiency, maintain comprehensive competitiveness, accumulate strength in the future, and continue to provide satisfactory returns for shareholders. Source: editor in charge of mass news: Chen Tiqiang_ NB6485

Finally, Ge Yiyang, chairman of the board of directors of Dafa real estate, said that Dafa will continue to speed up and increase efficiency, continue to be guided by national policies, continuously optimize the whole system marketing management system, use smart marketing to drive growth, and achieve stable and sustainable development; it will maintain a cautious and optimistic investment attitude, maintain good strategic determination, deeply plough into the Yangtze River Delta, and implement the 1 + 5 + X strategy It will continue to improve financing costs and debt structure. Dafa will adhere to a stable and balanced core, constantly speed up efficiency, maintain comprehensive competitiveness, accumulate strength in the future, and continue to provide satisfactory returns for shareholders.