On April 1, the reporter of Beijing News learned from China construction industry group that China Construction Industry Group has signed a strategic cooperation agreement with Wanda Group to lease its commercial projects to Zhuhai Wanda Business Management Group Co., Ltd. (hereinafter referred to as "Wanda business management") for operation.
It is reported that Jianye real estate and Wanda business management have reached an agreement on strategic cooperation intention and plan to lease all commercial projects to Wanda business management or its related parties. Wanda business management will be fully responsible for the investment attraction, external leasing, operation and property management of these commercial projects.
Jianye real estate said that the introduction of high-quality professional commercial project operators through this cooperation has greatly improved the efficiency and income level of asset operation of commercial real estate projects, and achieved the financial effect of increasing revenue, reducing cost and increasing efficiency. This is highly consistent with the practice of destocking and revitalizing real estate of Jianye real estate.
At the beginning of 2022, in order to adapt to the new market environment, Jianye group carried out in-depth organizational structure adjustment and put forward the development concept of "doing less, doing small and doing well".
For choosing the way of cooperation rather than the way of selling assets, Jianye real estate responded that the cooperation through the management right not only protects the rights and interests of shareholders, but also Jianye's adherence to owners and customers. In the future, Jianye will continue to provide our customers with high-quality products and services.
According to the reporter, Jianye real estate actively seeks cooperation with leading real estate enterprises in the action of revitalizing assets. Since December last year, Jianye real estate has successively reached strategic cooperation with Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) real estate group and CNOOC real estate.
The annual report shows that by the end of 2021, the total value of cash, cash equivalents and restricted bank deposits of Jianye real estate was about 9.848 billion yuan; The cash short debt ratio is 1.5 times; The net lending ratio is about 94.9%. At the same time, Jianye real estate was also actively deleveraging last year. Among them, the total interest bearing liabilities decreased by 29.9% to 21.94 billion yuan, and the short-term interest bearing liabilities decreased by 55.7% to 6.76 billion yuan.
