Xu Shitan, vice chairman of Shimao Real Estate (00813), said that after the new equity in the first half of the year, the country was 29.6 billion yuan (RMB ‧ the same), accounting for nearly half of the annual budget for land acquisition. There has recently been a flow of bids on the land market, I believe there will be good opportunities in the fourth quarter.
The transfer rate of the company fell by 4 percentage points to 76% during the period Xu Shitan stated that, especially because of the price limit measures, the pre-sale license must be obtained before the sale can be made The registration period is longer and the Group also hopes to increase the payment. , the annual return of up to 80%.
As far as liabilities are concerned, Shimano's net transfer ratio increased by 3.8 percentage points to 62.7% and financing costs increased slightly to 5.6%. Xu Shitan said that as a result of the purchase of a number of large-scale lands this year must be paid this year, which will increase the debt ratio. The tightening of the resources in the mainland will also increase the financing costs. According to the expectation that the net saving ratio and financing costs will rise in the second half of the year, but I believe The net debt ratio can remain below 70% year-round, while the funding cost is below 6%.