On April 29, Shanghai Shimao Co.Ltd(600823) ( Shanghai Shimao Co.Ltd(600823) . SH) released its first quarterly report. From January to March 2022, the company achieved an operating revenue of 2.64 billion yuan, a year-on-year decrease of 28.34%; The net profit attributable to shareholders of listed companies was 96.59 million yuan, a year-on-year decrease of 59.08%.
The company said that during the reporting period, Shanghai Shimao Co.Ltd(600823) actively responded to liquidity risks and cashed about 3.5 billion yuan of interest paid open market bonds in the first quarter. Since March, the company’s liquidity risk has not been effectively mitigated due to the impact of industry environment, financing environment and epidemic control. Faced with a more severe and complex business environment, Shanghai Shimao Co.Ltd(600823) will take a series of measures to resolve liquidity risks. These measures include strengthening the recovery of sales funds, strengthening asset disposal, negotiating debt extension with financial institutions, borrowing new to repay old and other debt resolution schemes, so as to deal with maturing debts and ensure the long-term sustainable development of the company.
Shanghai Shimao Co.Ltd(600823) 3 monthly real estate project operation briefing shows that the company has no new real estate reserve projects from January to March 2022. From January to March, the completed area was about 246000 square meters, an increase of 73% year-on-year; The contracted sales area was about 154000 square meters, a year-on-year decrease of 47%; The sales contract amount was about 2.3 billion yuan, a year-on-year decrease of 59%. From January to March, the rental area of the company’s real estate was about 1.72 million square meters, the rental income was about 320 million yuan, and the comprehensive rental rate was about 87%.
