Anhui Construction Engineering Co., Ltd. repays bank loan with trust loan

category:Finance
 Anhui Construction Engineering Co., Ltd. repays bank loan with trust loan


Why do listed companies borrow from trust companies to repay bank loans? Yu Zhi, a researcher of usufructuary trust, said in an interview with our reporter that listed companies generally borrow money from trust companies because their own qualifications may not be good enough, and flexible and convenient financing methods of trust can effectively supplement fund demand.

It is worth noting that as of the end of the third quarter, the financing party Anhui construction engineering group showed that the net operating cash flow was - 7.38 billion yuan.

500 million yuan renewable trust loan

In terms of operation, the revenue and net profit of Guoyuan trust have continuously declined in the past few years, and the ratio of non-performing assets and non-performing assets are rising. Under the influence of the new asset management regulations, the scale of trust assets managed by the trust industry shows a downward trend, but the decline of Guoyuan trust is far beyond the industry level.

In the first half of this year, the operating performance of Guoyuan trust was eased. The revenue of Guoyuan trust was 398 million yuan and the net profit was 257 million yuan. Compared with the same period in 2019, the revenue of 244 million yuan and the net profit of 171 million yuan increased by 5.33% and 45.20% respectively.

However, with the current performance of Anhui Construction Engineering Group, the risks faced by the trust company and the client can not be ignored.

A trust industry source told reporters that from the perspective of financing costs, the order is stock market, bond market, bank loans, and finally trust. Compared with the general trust plan, trust loan has the characteristics of higher risk, longer term and lower liquidity, so the guarantee measures will be relatively strict and have the characteristics of high guarantee rate.

In other words, the risk control of such renewable loan products is more important. So, how does Guoyuan trust strictly control risk? What is the corresponding collateral? In this regard, the reporter repeatedly called the headquarters of Guoyuan trust, but the other side did not respond.

Guoyuan trust is the representative of many trust companies that most rely on government and credit projects. However, it has fallen into the dilemma of overdue payment due to government credit products.

The repeatedly overdue Zhengxin trust product is Guoyuan anying No. 201705032, which is issued in six categories of ABCDEF. The target annualized income is 7.6% - 7.8%, and the total amount raised is 130 million yuan. It should be fully mature in January 2020.

According to the distribution plan of deferred repayment, October 15 this year is the final settlement date. The company should repay 40% of the principal and the due interest, but failed to arrive on schedule.

Since the second half of 2019, Guoyuan trusts anying 201702003, anying 201703033, anying 201602008 and anying 201702045 products have also broken the contract.

The default items of Guoyuan trust involve Duyun, Zunyi, Bijie, Anshun and Hancheng. Guizhou is also the network red area of government trust.

According to an analysis by a Beijing trust source, the cashing crisis of these government credit projects has occurred one after another, reflecting the debt pressure of local governments in relatively backward areas. In these remote areas, the economy is underdeveloped and the financial expenditure is not enough. In recent years, the urban investment bond platform is high and the guarantee measures are relatively weak. It is inevitable that such a large number of centralized maturities will inevitably lead to thunderstorms. The people said. Not long ago, in the tide of capital increase in the trust industry, Guoyuan trust also appeared. It is estimated that the increase in registered capital will not exceed 1.2 billion yuan. After the completion of the capital increase, the registered capital of Guoyuan trust will reach 4.2 billion yuan. In addition, the cashing crisis of Guoyuan trust has not been lifted, but 9% of its shares are in the disclosure period of listing and investment promotion information. According to the information disclosed by the Beijing property exchange, the third largest shareholder of Guoyuan trust is listing to transfer all of its 9% equity. The reason for the transfer is the adjustment of group investment strategy. Source: China Times Author: Liu Jia, editor in charge: Wang Xiaowu_ NF

According to an analysis by a Beijing trust source, the cashing crisis of these government credit projects has occurred one after another, reflecting the debt pressure of local governments in relatively backward areas.

Not long ago, in the tide of capital increase in the trust industry, Guoyuan trust also appeared. It is estimated that the increase in registered capital will not exceed 1.2 billion yuan. After the completion of the capital increase, the registered capital of Guoyuan trust will reach 4.2 billion yuan.

In addition, the cashing crisis of Guoyuan trust has not been lifted, but 9% of its shares are in the disclosure period of listing and investment promotion information. According to the information disclosed by the Beijing property exchange, the third largest shareholder of Guoyuan trust is listing to transfer all of its 9% equity. The reason for the transfer is the adjustment of group investment strategy.