The stock price has fallen for 4 years, causing investors dissatisfaction with Chongqing real estate enterprises five tigers financial credit development falling behind

category:Finance
 The stock price has fallen for 4 years, causing investors dissatisfaction with Chongqing real estate enterprises five tigers financial credit development falling behind


The most direct performance is the change of market value of listed companies.

As of November 26, the Hong Kong stock market value of Longhu real estate was over HK $300 billion. On the contrary, the market value of Caixin development, which also placed real estate business in listed companies, did not exceed $3.2 billion. From the high point in 2016, the market value of Caixin has evaporated by more than 80%.

Backward development will not hinder the increase of senior executives income

According to the official website of Caixin group, the group was established in 1997 and is a diversified industry and investment group. Its main businesses include infrastructure investment and operation, environmental protection industry, smart property, real estate development, financial investment, etc.

Its real estate and environmental protection business is mainly undertaken by the subordinate listed company Caixin development. However, in terms of volume, the income of Caixin from real estate is difficult to compare with that of local head real estate enterprises.

According to the data, from 2016 to 2019, the real estate business income of Caixin development increased from 1.711 billion yuan to 3.314 billion yuan.

In this regard, Caixin development can only reluctantly respond, there are many factors affecting the companys share price. The company will actively do a good job in its main business, operation and management, and strive to create greater value for investors.

However, the lack of performance growth space and expectations, as well as the participation of institutional investors, Caixin development has become a forgotten corner in real estate stocks.

Looking back at the historical data, we can see that around the second quarter of 2015, fund institutions once held more than 20 million shares of Caixin development stock. Subsequently, the companys total equity continued to expand, the stock price continued to fall, institutions began to clear positions.

Taking 2020 as an example, there is no fund company holding shares in the first and third quarters of this year, and there are three funds such as China Southern Fund in the second quarter, but the total number is no more than 368200 shares. According to the estimation of the stock price at that time, the total market value of its shares has not exceeded 1 million yuan.

How can we give more imagination to the listed companies? Only performance.

On July 30 this year, Caixin development called out the development goal of 10 billion in three years of Chongqing company in a media communication activity.

However, compared with the market environment before and after 2017, with the continuous regulation of the real estate market and the continuous concentration of the industry to the top enterprises, the growth difficulty of small real estate enterprises is correspondingly increased.

The high interest rate financing capital chain of its trust is tight?

Compared with the head of enterprises, small and medium-sized real estate enterprises are now more difficult.

Secondly, Caixin development and the group have also shown some signs of tight funds, the most direct embodiment of which is the high proportion of equity pledge of major shareholders of the company.

As of the end of the third quarter of this year, Chongqing Caixin Real Estate Development Co., Ltd. held 678 million shares of Caixin development, accounting for 61.63% of the total equity of the company. However, as early as the end of 2019, it had pledged 668 million shares, accounting for 98.53% of its shares.

In contrast, Caixin groups business scope also involves infrastructure investment, finance, culture and tourism, especially in the financial sector, involving banking, insurance and trust fields.

However, taking 2019 as the turning point, the company has changed from the normal situation of massive expansion before and turned to the contraction of financial front.

After entering 2020, the situation does not seem to improve significantly. First, in March this year, Chongqing rural commercial bank also announced that it agreed to grant the group comprehensive credit line of 9.979 billion yuan to Chongqing Caixin enterprise group and its related parties. On the other hand, Caixin group is still financing through trust channels. Huaao trust, formerly known as Kunming International Trust and investment company, is a subsidiary of Caixin group. It holds 50.01% of its shares through Beijing Rongda investment and directly holds 49.99% of its shares. Since July this year, Huaao trust has issued several debt financing plans of Chongqing Caixin Enterprise Group Co., Ltd. and the repayment source is the operating cash flow of Chongqing Caixin Enterprise Group Co., Ltd. Among them, the financing interest rate of 18 months is 9.5%, and that of 24 months is 10%. Under the background of the continuous decline in the yield of trust products, Caixin gives such a high interest rate level, which inevitably leads to the concern of all parties about the shortage of funds. Source: editor in charge of economic report in the 21st century: Zhong Qiming_ NF5619

After entering 2020, the situation does not seem to improve significantly. First, in March this year, Chongqing rural commercial bank also announced that it agreed to grant the group comprehensive credit line of 9.979 billion yuan to Chongqing Caixin enterprise group and its related parties.

On the other hand, Caixin group is still financing through trust channels. Huaao trust, formerly known as Kunming International Trust and investment company, is a subsidiary of Caixin group. It holds 50.01% of its shares through Beijing Rongda investment and directly holds 49.99% of its shares.

Since July this year, Huaao trust has issued several debt financing plans of Chongqing Caixin Enterprise Group Co., Ltd. and the repayment source is the operating cash flow of Chongqing Caixin Enterprise Group Co., Ltd.

Among them, the financing interest rate of 18 months is 9.5%, and that of 24 months is 10%. Under the background of the continuous decline in the yield of trust products, Caixin gives such a high interest rate level, which inevitably leads to the concern of all parties about the shortage of funds.