Home » The real estate business is sluggish and the financial and credit development performance in the first half of the year has turned a year-on-year loss_Company_Market_Influence

The real estate business is sluggish and the financial and credit development performance in the first half of the year has turned a year-on-year loss_Company_Market_Influence

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Original title: The real estate business is sluggish and the financial and credit development in the first half of the year has turned a loss year-on-year

Although the business in the environmental protection sector has been carried out smoothly, due to the sluggish real estate business, Caixin Development (000838)’s performance in the first half of 2022 has turned a year-on-year loss.

On the evening of July 17, Caixin Development disclosed its 2022 semi-annual report, showing that during the period, the company achieved operating income of 2.137 billion yuan, down 0.37% year-on-year; net profit loss was 163 million yuan, down 5569.5% year-on-year.

During the reporting period, Caixin Development made provision for large asset impairment.

According to the disclosure, the provision for credit impairment loss of Caixin Development this time is -401,000 yuan, the provision for asset impairment loss is 459 million yuan, and the total profit is expected to decrease by 459 million yuan. Half-year net profit decreased by 191 million yuan.

Regarding the reasons for the provision of impairment, Caixin Development mentioned in the previously disclosed performance forecast that during the reporting period, the company’s real estate business was affected by the downturn in the market environment and the new crown epidemic, and the sales prices of some commercial, apartment, parking spaces and other products Adjust down. After the company’s preliminary inventory and impairment test on inventories, compared with the same period last year, the asset impairment loss formed by the provision for inventory depreciation is expected to increase by 350 million yuan to 500 million yuan.

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Caixin Development said that in the first half of 2022, due to unexpected factors such as repeated epidemics in many places, the national real estate market has experienced unprecedented challenges. In the first half of the year, the transaction volume and price of the land market dropped year-on-year, and the premium rate indicator also dropped sharply compared with the first half of 2021. Not only the transaction scale is not as high as the first half of 2021, which is still high in popularity, but also the land transaction has dropped significantly compared with the second half of 2021, which is also at a low level in the market. The transaction volume decreased by more than 50% year-on-year, and the third and fourth lines saw the largest month-on-month decline. Affected by factors such as the increase in the number of concentrated land auction rounds in key cities and the still low level of industry confidence, the transaction volume of the national land market declined significantly year-on-year.

From January to May 2022, the sales area of ​​commercial housing nationwide was 507 million square meters, a year-on-year decrease of 23%. Sales reached 7.05 trillion yuan, down 31% year-on-year. The transaction scale was the lowest in the same period in recent years, and the market continued to adjust.

During the reporting period, the newly started area of ​​Caixin Development Real Estate was approximately 48,300 square meters, the completed area was approximately 169,300 square meters, and the settlement area was approximately 271,400 square meters. In the first half of 2022, the company signed a sales area of ​​145,700 square meters, with a sales amount of 953 million yuan.

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As a listed company under Caixin Group, Caixin Development’s main business includes real estate development, commercial operation, tourism and health care and other fields. Recently, it has deployed the environmental protection industry, transformed the dual main business of “real estate + environmental protection”, and formed the company’s new business growth point and strategic development direction.

In the field of environmental protection business, the main business of Hualu Environmental Protection, a subsidiary of Caixin Development Holdings, includes three major sectors: zero discharge of industrial wastewater, engineering investment in water EPC projects, and recycling of chemical resources.

Affected by the slowdown in macroeconomic growth, government fiscal revenue and the growth rate of social fixed asset investment, the industry risks have become increasingly prominent. According to the guidance of national policies and industry policies, Hualu Environmental Protection adjusted its production and operation plan, mainly carried out EPC engineering projects, and made certain breakthroughs in major customers such as Shandong Lanfan. At the same time, the problems of its original business in terms of legal proceedings, government environmental assessment, and its own hematopoietic function have been gradually resolved, and the company’s production and operation are basically on the right track. At present, in addition to normal operation, the company is mainly engaged in key tasks such as collection of accounts receivable in the early stage.

At the same time, in the first half of 2022, under the severe market environment, the collection, transportation and disposal of hazardous waste by Hanyu Company, a subsidiary of Caixin Development, increased steadily compared with last year. In the first half of the year, the environmental impact assessment of the hazardous waste reconstruction and expansion project has been approved, and the existing production line has been fully optimized, and 30,000 tons of oil-based rock cuttings have been newly added for disposal and utilization and 1,405 tons of rare precious metals are recycled. The current production line construction is progressing in sequence , Some of the new production lines have been built and passed the expert review, and will be qualified in the second half of the year. Through the new production line and production line optimization, the disposal qualification and disposal capacity of Hanyu Company will be improved, which will not only adapt to the changing market environment and enhance the ability of Hanyu Company to resist market risks, but will also greatly increase the main income and profit of Hanyu Company.Return to Sohu, see more

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