Wang Zhenhua, the former chairman of Xincheng Holding, was detained on suspicion of defaming the girl. On July 3, he was detained by the Putuo Branch of the Shanghai Public Security Bureau. The case caused the online public opinion to continue to ferment, and the netizens and the government agreed to swear by the law, and claimed that the suspects were not as good as the animals and animals, aiming at guarding the rights of children and the safety of minors.
The sudden scandal caused New Town Holdings to close the market for two consecutive trading days on July 4 and 5, and the New Town investors are more worried about how many down-limits there are in the future. Only from a quarterly report, 132 fund products of 44 fund companies were trampled on the ground and the citizens were injured.
The industry-leading housing enterprises have the reputation of the top ten real estate. People buy the properties of the new city. They are optimistic about their big brands, such as the Wuyue Plaza, which is located in the third- and fourth-tier cities, and the combination of commercial and residential facilities. There is a strong momentum than the shoulder Wang Jianlin Wanda Plaza. As the founder of the new city, Wang Zhenhua was exposed by the scandal. Overnight, people were set to collapse. The prospective owners who bought the new city commercial housing would inevitably not be afraid of their own million property. The house slaves could not help but ask: Can the 期房 be delivered on time and the quality of the house? Is there a guarantee?
The house is for living, not for speculation. However, in the past 20 years since the housing reform, real estate has clearly deviated from the nature of living, but has been heavily influenced by financial attributes. Housing companies rely on high-leverage financing and high capital turnover to maintain high growth. Because the scandal is smeared in the new city, it will face a brand credit crisis, will financing be hindered and affect the normal operation of the company? Although this is a nonsensical issue, it is still necessary to discuss it.
First of all, from the perspective of the real estate market capital chain, the real estate market has taken hundreds of millions or even hundreds of billions of investment, almost empty gloves and white wolves, relying entirely on the financing of financial institutions and debt products to issue bonds, and The old model has become the new normal, constantly participating in the competition for land auction and realizing the strategic layout of recycling.
从年报来看，新城2016 - 2018年的合约销售额分别为650.6亿元，1264.72亿元和2,210.98亿元。销售业绩呈爆炸性增长，表明土地收购迅速。 2019年上半年，征地金额为543亿元，在房地产企业中排名第五。随着市场份额的增加，资本压力也在增加。过去三年的成本为533.81亿元，893.55亿元，1112.17亿元。显然，高增长意味着高负债。