You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
融信中國(03301.HK):2020年三道紅線均達標,新增融資平均利率5.3%
格隆匯 03-31 12:42

3月31日,融信中國(03301.HK)發佈了2020年度業績。在過去的一年中,公司實現營收483億,全年合約銷售額達到1552億元,同比增長10%,順利達成了全年銷售目標。另一方面,在審慎的財務管理下,各項財務指標表現健康,關於有關部門設置的“三道紅線”均在綠檔內。

2020年報顯示,融信將70%-90%的淨負債率作為長期管控目標,並將拿地預算控制在銷售回款的30%-50%,去年公司淨負債率為83%。在現金流方面,融信扣除受限資金後的現金短債比為1.08,同時擁有未使用授信額度1248億,現金足以覆蓋短期債務,擁有充足的流動性。此外,融信2020年扣除預收賬款資產負債率降至70%以下,符合“三道紅線”政策的要求。

另一方面,融信去年融資成本也進一步下降至6.55%,新增融資平均利率為5.3%。據瞭解,公司於去年至今發行了多筆境內外債券,利率均處於行業較低水平,同時,融信的融資渠道多樣化特徵日益明顯,公司也以福州世歐商業廣場為標的,成功發行了首單CMBS,規模達22億元。目前,公司已擁有開發貸、公司債、ABS/CMBS、優先票據、銀團雙邊貸款等融資渠道,且債務結構中沒有信託融資。

業內人士認為,“三道紅線”更多考驗的是房企的現金流與融資能力,而從年報中來看,融信相關財務指標均表現優秀,公司擁有充足的資金保證持續健康發展,並能以較低的成本進行融資;加上“三道紅線”全部達標帶來的充足空間,公司的競爭力正日益明顯。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account