▎ The picture comes from the network.
A setting sun gradually sank into the river, half a river green and half green.
After thinking for a long time, I finally thought of the first two sentences of Bai Juyi’s "Ode to the Mujiang River", which is more appropriate to describe the property market.
▎ Image from Country Garden official website
Once an industry giant,Country Garden announced on April 2 that the stock trading was suspended.
This reminds me of the suspension of Sunac in 2022, which occurred on April 1, 2022; As for the reasons, it is because the annual performance report is "difficult to produce".
At that time, Sunac also gave a lot of reasons, such as the isolation of employees in the epidemic, the closure of the office site, and the difficulty of sealing the subsidiaries. It was not until April 13, 2023 that Sunac resumed trading.
▎ Image from Country Garden official website
On the other hand, Country Garden did not find a reason, and the board of senior management also believed that the suspension of trading would not have a real impact on the company’s operation and production.
Obviously,The optimism of Country Garden’s board of directors is hardly convincing..
Corresponding to the "Suspension Announcement" is another announcement issued by Country Garden on April 2: Unaudited operation data in March 2024, which states:In March 2024, the contracted sales amount of shareholders’ equity attributable to the Company in a single month was about 4.3 billion yuan, and the contracted sales floor area was about 450,000 square meters.
The author looked through the data of the same period in March 2023: in March 2023, the contracted sales amount was about 25.01 billion yuan, and the contracted sales construction area was about 3.02 million square meters.
▎ Image from Country Garden official website
That is to say,In the property market "Xiaoyangchun" in March 2024, Country Garden’s performance declined by about 82.8%.This is no small matter for a developer who was once famous for "high turnover" and was burdened with over 1.3 trillion debts.
Without sales, there is no hematopoietic capacity. Country Garden is like a giant aircraft carrier, which will easily run aground in the long run.
In the following, Country Garden will also embark on the old road of Sunac, open a long road of debt restructuring and seek an extension from creditors. ……
At the same time, Country Garden has to face new enforcement from the court, such asOn April 2, a new execution target of 99 million yuan was added.
This is not afraid. The mysterious figure "Jian Wentang" who was pushed to the "throne" of the legal person after the mine explosion in Country Garden in September last year began to play a role on December 21, 2023, and has been restricted from high consumption.
▎ Image from Country Garden official website
Even Country Garden is already considering whether to appeal to the High Court.Application for "liquidation petition" authorization orderHow far can I go? I will wait and see with you.
No matter how far Country Garden can go in the future, one task is the most important, and that is:Baojiaolou
At the annual meeting on January 15, 2024,Country Garden announced that in 2023, Country Garden delivered over 600,000 houses with a total delivery area of 71.62 million square meters.
▎ Image from Country Garden official website
Yang Huiyan, Chairman of the Board of Directors, said,In 2024, the company expects to deliver more than 480,000 sets;And citing the statistics of the third party, the annual delivery volume ranks first in the industry, and is close to the sum of the second and third deliveries.
The performance of a real estate enterprise in danger is naturally commendable, but what everyone is more concerned about is thatHow many houses are still not delivered in Country Garden?In this regard, Country Garden has not released relevant clear data in public channels.
As a property buyer, at this moment, what everyone can do seems to be only.stay at a respectful distance (from sb)Yes.
