Beijing, May 22 (Zuo Yukun) A research report on listed real estate enterprises released by the Middle Finger Research Institute on the 21st shows that the profitability of listed real estate companies will decline slightly in 2020 due to the influence of COVID-19 epidemic and real estate regulation, and the differentiation between and within the industry camps will further intensify.
Real estate institute of qinghua university Liu Hongyu in “2021 China real estate research conference of listed companies and investment and financing of the 19 th city fusion conference”, said in 2020, COVID – 19 outbreak has very big effect on the real estate industry, industry revenue size hit a record high, but many index continued to differentiate between the real estate enterprise, Profitability, financial soundness and other aspects of differentiation is more and more obvious.
According to the “Top 10 Research Report of China’s Real Estate Development Listed Companies in 2021” released at the above conference, the average total assets of Shanghai and Shenzhen listed real estate companies in 2020 will be 140.00 billion yuan, with a year-on-year growth rate of 13.7%, 4.2 percentage points lower than that of the previous year. The average total assets of mainland real estate companies listed in Hong Kong rose 13.8% year on year to 233.03 billion yuan, 7.0 percentage points lower than last year. The real estate listed company assets scale fault obvious, between the camp and the internal differentiation further aggravate.
The report also pointed out that in 2020, under the influence of the “three red lines”, the debt level of listed real estate companies will decline; Sales growth and strict collection of cash resulted in significant improvement in operating cash flow; Influenced by the COVID-19 epidemic and real estate regulation, the profitability of listed real estate companies declined slightly, and the level of shareholder income fell, but the EPS level of enterprises of different sizes was significantly differentiated.
“At present, the real estate industry is both abundant and structurally short,” said Hou Yunchun, president of China Enterprise Evaluation Association. “An important feature of the new urbanization is that the population is concentrated in central cities, especially first-tier mega-cities. There is still a great need for urban agglomeration construction, urban renewal and old city reconstruction.”
“2021 China Real Estate Listed Companies Research Results Conference and the 19th Industry and City Integration Investment and Financing Conference” is sponsored by China Enterprise Evaluation Association, Real Estate Research Institute of Tsinghua University, China Finger Research Institute, China Finger Holdings (CIH) and other organizers. (after)