Hebei nationalityReal estate enterprisesRongsheng developmentIt has attracted attention with its strong sales performance and the firm declaration of the boss Geng Jianming. However, after two consecutive years of huge losses in 2022 and 2023,Rongsheng developmentHad to face the reality and declared its first default at the end of January 2023. This default triggeredDebtThe chain reaction of the crisis has led to a number of creditors coming to collect debts. Among them, China Construction InvestmentTrustsand ChinaHuarongHebei branch with a total of about 7The demand for 500 million was brought to court. In addition,Rongsheng developmentIt is also facing more than 2.2 billion lawsuits, showing that the company is facingLawsThe seriousness of the dispute. With the approval of the treatment plan for offshore US dollar bondsRongsheng developmentof stocksDebtThe extension provides a certain window of time for the company to save itself.
Rongsheng developmentcompanyDebtThe problem is not limited toBankswithFinancial institutions, but also involves the relevant parties in the industrial chain. For a real estate developer,Debtwill trigger a larger crisis. Rongsheng developmentfacingDebtexceptBankswithFinancial institutions, which also includes contractual liabilitiesAccounts payableand the payment of the property to be delivered, etc. theseDebtThe default will lead to a series of chain reactions, which will not only cause great pressure on the company's operations, but also have a profound impact on related companies and markets.
FaceDebtThe double pressure of the crisis and the stock priceRongsheng developmentA series of self-help measures were taken. Among them, injectedNew energyAssets are an important initiative for the company. Purchased by issuing sharesProsperousHoldingsSubsidiariesProsperousMongoliNew energytechnology".Rongsheng developmentTried to helpNew energyThe heat of the industry boosted the stock price, thus retaining its listing status. Rongsheng developmentIt has been establishedNew energySubsidiariesAnd signed equipment purchase agreements with Indian PMI, Sikeqi and other companies for productionBatteryAn important step has been taken. AlthoughNew energyIt will take some time for the business to develop effectively, but this is a moveRongsheng developmentIt has opened the way to diversified development.
Rongsheng developmentRecent financial data shows that the company's operating income and net profit have recovered to a certain extent, although it is not enough to repayDebt, but this is for creditors andInvestmentsbrings some hope. Rongsheng developmentThe two key tasks at present, namely ensuring the delivery of buildings and ensuring people's livelihood, have been clarified, and they have been actively promotedNew energyBusiness development. Despite facing a huge amountDebtand pressure from the market, thoughRongsheng developmentThrough active self-help, it still maintains a certain living space.
In summary,Rongsheng developmentAs a Hebei familyReal estate enterprises, which once attracted much attention. However, in the case of a sharp downturn in the real estate market,Rongsheng developmentCan't get rid of itDebttroubled, first announced the default, and then faced the embarrassing situation of the central enterprise asking for debts. DebtThe questions are not only includedBankswithFinancial institutionsofDebtand other related parties such as contractual liabilities andAccounts payable。In order to save yourself,Rongsheng developmentTook the injectionNew energyThe strategy of the asset hopefully passesNew energydevelopments in the industry to boost stock prices. While the company's financial position has recovered, it still faces difficult challenges. Rongsheng developmentThe future development prospects are both promising and full of challenges, and only through active self-help and diversified development can we achieve healthy development.