102 Listed Housing Companies Are Now In The Middle Of The Crisis &Nbsp; More Than 20 Are Forced To Go To The Mines.

Under strict control,

The differentiation of the real estate industry intensifies: on the one hand, the performance of large scale housing enterprises has continuously hit a new high while the small and medium enterprises are struggling on the fate of "checking out" or "being annexed".

According to statistics, since the second half of last year, in the A share listed housing enterprises, more than 20 housing companies have turned around to invest in mining, which accounts for about 1/6. of the entire A shares. Meanwhile, the Central Plains statistical market shows that: in the first half of July this year, the total number of publicly acquired M & a data in the real estate industry was 62. The total amount involved reached 17 billion 539 million yuan, up 72.2% and 101.9% respectively compared with 36 and 8 billion 685 million yuan in the same period last year.

middle-sized and small

Although it is called the most stringent regulation in history, it seems hard to prevent the real estate industry from getting better.

Wind statistics show that as of August 31st, the total operating income of 136 real estate listed companies of A shares in the first half of the year was 157 billion 842 million yuan, up 8.48% over the same period last year, and the total profit was 34 billion 113 million yuan, up 12.57% over the same period last year. The net profit attributable to the parent company was 23 billion 315 million yuan, up 14.19% over the same period last year.

Industry cake continues to grow, but the way of cake sharing has changed.

"In the process of regulation and control, the difference of strength and strength between enterprises and enterprises becomes particularly important.

"Dongxing securities real estate industry analyst Su Yang believes that the growth of vulnerable enterprises will inevitably be significantly restricted, and the market share of strong enterprises will be improved.

Corresponding to this is that statistics show that 32 listed housing companies in the first half of the regulation and tightening of 2011 has achieved excellent results in net profit, but there are 26 housing companies loss.

In addition, a total of 66 Housing enterprises revenue fell year on year, 62 net profit negative growth, and 39 listed housing enterprises two indicators are negative growth.

In the first half of this year, Jin Bin developed a huge loss of 100 million for the first time. According to public information, the net profit of Jin Bin development has fallen for the three consecutive quarter and has set a new low for 3 years.

In the light of future performance, the company said that net profit in the first three quarters of 2011 has been confirmed, with a projected loss of 100 million -1.2 billion yuan.

In addition, in the "loss list", there are also the names of housing companies such as green view, Chongqing development and Guangyu group.

"Many small and medium-sized real estate enterprises have faced a lot of business.

"Mergers and acquisitions" and "check out" Qi Fei

The capital market is always the game of big fish eating small fish, which is particularly prominent in the capital intensive real estate industry.

For today's small and medium-sized real estate enterprises with unprecedented operating pressure and large losses, the choice before them is not much: they are either waiting for bankruptcy or merger, or leaving the industry to turn to other industries with investment potential.

Voting with feet is becoming a realistic choice.

Since the beginning of this year, the number of mergers and acquisitions has increased significantly. The number of mergers and acquisitions and the total amount of mergers and acquisitions have reached a record high. The total amount of mergers and acquisitions of the real estate industry in July has obviously surpassed the 16 billion 525 million of last year's total, exceeding the sum of last year's total.

According to the statistics released by the Central Plains statistical market, in July this year, the total number of publicly acquired equity mergers and acquisitions in the real estate industry totaled 62, involving a total of 17 billion 539 million yuan, representing a rise of 72.2% and 101.9% compared with 36 and 8 billion 685 million yuan in the same period last year.

"Many small and medium-sized real estate enterprises have gone bankrupt, but they have not been seen. This is because the bankrupt enterprises are still in the form of" acquired ".

"Ren Zhiqiang said on his micro-blog that many small and medium-sized Housing enterprises need to pfer their projects because of debt policy or tight credit policy this year.

It is interesting that many small and medium listed housing companies are invariably turning to mineral investment businesses.

In September 3rd, Huaye real estate announced that the company was planning major investments such as mining investment, and the stock market has been suspended since today's opening.

Just a month ago, Zhong Hong shares issued a circular announcing that the 60 million stake in Xinxing mining 49%, which is invested by Ren Yuan, has been announced to the public. This shows that the real estate listed company is officially involved in the mining industry.

According to statistics, since the second half of last year, housing prices listed on A shares, more than 20 housing companies have been involved in mining, accounting for about 1/6. of the entire real estate sector.

"Why do we choose to mine?

The reason lies in the support of state policies and the convenience of loans.

Xie Yifeng, chairman of the knife and real estate consultancy organization, told reporters that the financing of real estate development has been very difficult, and the poor sales have led to the withdrawal of funds from small and medium-sized Housing enterprises. "For small and medium-sized Housing enterprises, the choice of a booming industry is going to be diversified.

"

It is worth mentioning that, in addition to accelerating the check-out of small and medium enterprises, since August, the speed of the withdrawal of central enterprises from the real estate business is also quietly accelerating.

Information released by the Beijing stock exchange shows that Huarun (Group) Limited intends to pfer its 20% stake in Beijing New Town Plaza Real Estate Co., Ltd. and 25 million 441 thousand yuan claims, with a listing price of 56 million 290 thousand yuan.

This is the sixth case that the central enterprises have pferred the real estate business on the property exchange since August.

Jungle and survival

Regulation is still going on, the strong will be strong, and the weak will be eliminated.

On the one hand, the competition for property market is becoming more and more intense. On the other hand, the test of the survival of small and medium-sized Housing enterprises is becoming more and more severe.

"For small and medium-sized real estate enterprises, the most important thing is to preserve their strength.

"Xie Yifeng said, under the background of loan contraction, large housing enterprises are easier to obtain loans or other forms of financing than small and medium-sized Housing enterprises, and the cost is relatively low." the strategy of small and medium-sized Housing enterprises is to slow down the pace of land use, slow down the progress of construction and project construction, save the expenses and costs as much as possible, and at the same time speed up the progress of the project, take the lead in reducing the price of a part of the project set and returning the cage funds.

"

In his view, the market is not yet at the most critical moment.

"Large developers such as Fuli, Vanke, and so on, in fact, there is no nationwide large-scale price reduction. In the information I obtained from the research, the large scale real estate enterprises, because of their strong financial strength and large scale, are only able to reduce the financial pressure in hot spots by lowering prices in some parts of the region. For example, Fuli has a 12% off sale in Xinjiang, and Vanke has only two projects in the country.

"Xie Yifeng told reporters in the south that small and Medium Housing enterprises can take a false start before big housing prices have not yet been fully cut.

He made an analogy, a good location of 1000 suites, 200 sets of -300 sets, and quickly reduced the price of 10% sold, after the withdrawal of funds, the remaining housing pressure is not that big.

Crisis has always been a combination of risks and opportunities.

However, compared with mergers and acquisitions, the real estate predators who are in full swing are more keen to compete for hegemony.

"Last year, Vanke not only ranked first in the industry, but also in the first place. The net profit was not as good as that in the sea, and the sales area was less than that of Hengda.

However, in the first half of this year, there was only a slight advantage in the amount of sales. Not only net profit and sales area were smaller than Evergrande, but also the turnover was 12 billion less than that of Hengda.

It can be said that Vanke has handed the leader's status to each other.

"Han Shitong, a researcher at the public economics research center of Peking University, told reporters in Nandu that even the sales of Vanke proud of the industry were also questioned, because most of the sales rights were not Vanke, but the interests of the partners were counted as the performance of Vanke.

For example, Vanke sales reached 108 billion 100 million last year, but its business income was only 50 billion 700 million, and its operating income was about 50%. In the first half of this year, Vanke's sales volume was 65 billion 700 million, while its operating income was only 20 billion, less than 1/3.