On December 22, Jinke Property Group Co.Ltd(000656) successfully issued the fourth phase of ultra short-term financing bonds in 2021 in the national inter-bank bond market. It is reported that the actual issuance amount of this bond is 800 million yuan, the coupon rate is 6.8%, and the issuance period is 270 days. China Minsheng Banking Corp.Ltd(600016) and China Merchants Securities Co.Ltd(600999) act as lead underwriter, bookkeeping manager and duration management organization. Through the comprehensive assessment of joint credit, the issuer’s long-term credit rating is AAA and the rating outlook is stable.
It is reported that at present, most of the financing in the inter-bank market are central enterprises, state-owned enterprises and a few private enterprises with high credit quality. Jinke Property Group Co.Ltd(000656) the successful issuance of ultra short-term financing bonds in this period not only demonstrates the company’s high-quality credit background and market image of steady operation, but also reflects the investor’s confidence and practical support for the development of Jinke.
According to the latest financial data, Jinke Property Group Co.Ltd(000656) achieved an operating revenue of 63.683 billion yuan from January to September this year, a year-on-year increase of over 33%; The net profit was 6.075 billion yuan, a year-on-year increase of 9%; The net profit attributable to the parent company was 4.528 billion yuan, and the gross profit margin and net profit margin maintained a high level in the industry. Since this year, under the guidance of the business strategy of “one stability, two reduction and three improvement”, the company has adhered to steady development, actively reduced liabilities and inventory, and improved profitability, core competitiveness and asset operation ability. By the end of the third quarter, the company’s total interest bearing liabilities had been reduced to 87.586 billion yuan, and the maturity structure of liabilities had been further optimized; The “three red lines” index has remained green, and so far there has been no debt default.
Up to now, 11 domestic and overseas bonds have been issued in Jinke Property Group Co.Ltd(000656) 2021, including credit bonds, ABS, CMBS, ultra short-term financing and overseas US dollar bonds, with a total issuance amount of about RMB 12.465 billion, and the company’s financing channels have been kept unblocked. (Wang Yi)
(Shanghai Securities News · China Securities Network)
