Specific information:
2065438+In August 2009, it acquired a 66% controlling stake in Guangxi Construction Engineering for 3.576 billion yuan.
Guangxi Construction Engineering is the second largest enterprise in Guangxi in 2020, with turnover exceeding11300 million and net profit exceeding1600 million.
Total assets 185828 billion yuan, total liabilities 165907 billion yuan, net assets199210 million yuan, and the asset-liability ratio was 89.28%.
Guangxi Construction Engineering is not as miserable as the outside world said. Although the debt is high, is the debt of Greenland not high?
Since Greenland has a high debt, why do you keep buying at buy buy? The answer is in a paper announcement in Greenland.
In 20021year, Greenland suddenly announced that it was changed from a housing enterprise to a civil engineering company.
Greenland has changed. It is no longer a real estate company, but a construction company.
Why can it be transformed? In 2020, the total revenue of green land will be 456,654.38+0 billion yuan, including infrastructure revenue of 233.4 billion yuan, accounting for 5 1.654.38+0.9%. In the first half of 2026, it was 54.38+0, the company's total revenue was 282.9 billion yuan, and the infrastructure revenue was 65.438+57.4 million yuan.
According to the relevant provisions of the Guiding Opinions on Industry Classification of Listed Companies (revised 20 12), the green space was changed from "real estate industry" to "civil engineering construction industry".
Then, why should Greenland try its best to change its main business? All the operations of green space point to one purpose, avoiding the supervision of real estate industry, and the "three red lines" of real estate supervision bear the brunt.
By the end of 2020, Greenland Group had an asset-liability ratio of 84. 1%, a net debt ratio of 139.2% and a short-term cash debt ratio of 0.97. I have never stepped on any of the three red lines. Although Greenland announced in February 20021year that its cash debt ratio has reached the standard, judging from the situation in the first half of 20021year, Greenland is still one of the housing enterprises with serious debts.
As a green space with strategic vision, of course, I thought of a good way to get rid of supervision, so changing the main business of enterprises has become the best choice for green space. In this way, the three red lines lose their binding effect on the green space.
Our Guangxi Construction Engineering Co., Ltd. has also become the best assistant for green space to get rid of supervision.
In fact, there are countless enterprises like Guangxi Construction Engineering in China. Why do you say that Guangxi Construction Engineering is an excellent enterprise in Guangxi? First of all, Guangxi Construction Engineering is not short of business, which is the key to the survival of enterprises. As long as there is business, there is profit, and the debt problem may be solved. Moreover, state-owned enterprises like Guangxi Construction Engineering can have enough time to change space to resolve debts. The biggest problem of Guangxi construction engineering is the poor management and corruption of the leaders.
In addition, there are many ways to solve the problem of Guangxi construction engineering, such as stripping off some debts, disposing some assets and packaging the remaining high-quality assets for listing. Construction engineering groups in many provinces across the country are listed, which is a routine. At worst, it can be sold to Guangxi Investment Group, a Guangxi enterprise. It is better to take the initiative than to rely on others.
Why should Guangxi sell such a leading enterprise that is the only one in Guangxi and scarce?
Although it is still sold to state-owned enterprises, Greenland is a state-owned enterprise in Shanghai, which is essentially different from that in Guangxi. Business has no provincial boundaries, but enterprises do.
What Guangxi should do most is to find ways to make its own enterprises bigger and stronger, rather than simply selling them.
Which economically developed country is not supported by a large number of super-strong enterprises, which developed province in China is not supported by powerful enterprises, and how can a country and province develop without its own powerful enterprises?