247baccarat|2023年上市房企现金流PK：这几家房企赢了

Cash flow Competition of listed Housing Enterprises in 2023247baccarat: these real estate enterprises have won? financial report observation

Source: China Real Estate News

Li Ye, reporter of Zhongfang Daily, reporting from Beijing.

The cash flow is real estate enterprises.247baccaratThe lifeline, which directly affects the survival and development of enterprises.

On April 25, among the listed housing enterprises that have released their 2023 results, the reporter of China Real Estate News selected 59 representative housing enterprises as cash flow observation samples. and sort out a number of lists of listed housing enterprises belonging to the parent company in 2023, net operating cash flow, cash and cash equivalents at the end of the period, showing the real "hematopoiesis" ability of listed housing enterprises in more dimensions.

The net profit belonging to the parent company can better reflect a company's ability to make money than operating income. However, the "profit" results of this earnings season are still hardly ideal. Of the 59 typical housing companies selected, 31 lost profits to the parent company in 2023, more than half of the total. Among them, Cosco Group, R & F Real Estate, Hejing Pacific, Agile and Yuzhou Group these five housing enterprises belong to the parent company net profit loss of more than 10 billion yuan.

China Resources Land, China overseas Development, Longhu Group, Vanke A, Poly Development, Dahua shares, China Merchants Shekou, Yuexiu Real Estate, Greentown China and Kerry ranked among the top 10 on the list of net profits vested in the parent company in 2023, achieving 313 respectively in 2023.247baccarat.70 billion yuan, 256 yuan247baccaratThe net profits of 110 million yuan, 12.85 billion yuan, 12.16 billion yuan, 12.07 billion yuan, 7.362 billion yuan, 6.319 billion yuan, 3.185 billion yuan, 3.118 billion yuan and 2.939 billion yuan belonging to the parent company.

The growth rate of net profit belonging to the parent company also represents the "growth rate" of an enterprise. According to the list data, 26 of the 59 housing companies achieved an increase in net profit belonging to their parent companies in 2023. Among them, Dahua shares, Zhongan Group, Thomson Group, Beichen Industry and Chuangchuang increased the most, with net profits belonging to the parent company all exceeding 100% compared with the same period in 2022. Real estate enterprises such as Beichen Industry and Chuangchuangda have also achieved a turnaround from losses to profits.

A few are happy and a few are sad, and the net profit of 33 real estate enterprises belonging to the parent company fell sharply in 2023. Among them, the net profit of Zhongjun Group, China Communications Real Estate, the first opening shares (rights protection) and Mingfa Group fell by more than 1000% compared with the same period in 2022.

Business activities are the driving force for the survival and development of an enterprise. therefore, the net cash flow of business activities also represents the "hematopoiesis" ability of an enterprise. Of the 59 typical real estate companies, 46 released detailed net cash flow data generated by operations. Among them, the net cash flow generated by 38 housing enterprises in 2023 is positive, while only 8 are negative. This also reflects from the side that most housing enterprises are determined to get back the money and promote sales in 2023.

The top 10 listed real estate companies in 2023 are China overseas Development, China Investment Promotion Shekou, Hesheng Chuangzhang, Poly Development, Agile, Metro Holdings, Kerry Construction, Dayue City Real Estate, China Communications Real Estate and Financial Street.

Compared with the 2022 ranking of net operating cash flow, 27 housing enterprises have enhanced their "hematopoietic" capacity. Overseas Chinese Town A, China overseas Development, Zhongan Group, Dahua shares, Kerry Construction, Shenfang A, Gree Real Estate (rights protection), Nanguo Real Estate, Shanghai Real Estate Development and China Jiaotong Real Estate increased most significantly in 2023. Ranked in the top ten in the 2023 ranking of net operating cash flows.

The net operating cash flow of overseas Chinese Town A, China overseas Development, Nanguo Real Estate and Shanghai Real Estate also turned negative to positive in 2023.

Of the 19 real estate companies operating to generate a decline in net cash flow, Tomson Group, Guangming Real Estate, Zhongliang Holdings and gorgeous families experienced the biggest decline, falling more than 100% from 2022.

In terms of cash and cash equivalents at the end of 2023, Poly Development, China Resources Land, China overseas Development, Vanke A, China Merchants Shekou, Greentown China, Longhu Group, overseas Chinese Town A, China Jinmao and Yuexiu Real Estate ranked in the top 10.

It is worth noting that compared with the end-of-period cash and cash equivalents of listed real estate companies in 2022, the overall data for 2023 showed a downward trend. Of the 57 real estate companies that released cash and cash equivalents at the end of 2023, only 16 achieved growth in cash and cash equivalents at the end of the period, while the remaining 41 were in decline.

Poly Development, China Resources Land and China overseas Development ranked top three in the ranking of cash and cash equivalents at the end of 2023, with cash and cash equivalents exceeding 100 billion yuan at the end of 2023.

Editorial board on duty: fan Yongfeng

Process Editor: Ma Lin and Liu Ya

Review: Dai Shichao

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