The stock price fell for 26 consecutive days, and another 100 billion real estate company ended in A

Mondo Finance Updated on 2024-02-01

ST Sunshine City** continued to fall, falling to its lowest point again on June 9, with only 037 yuan, with a turnover of more than 2.74 million; Since May 5, its share price has ended with a 26-day decline, accumulating **73%.

ST Sunshine City's share price has also fallen below $1 for 20 consecutive trading days, and according to the rules, the company will be suspended from June 12 (Monday), and during this period, the Shenzhen ** Exchange will issue an announcement to stop the company's shares within 5 trading days.

In addition, due to the existence of mandatory delisting of the type of transaction, the company** will no longer be delisted after being suspended.

This also means that a real estate company with a scale of 10 billion yuan is about to say goodbye to A-shares! By the end of March next year, this ** has about 137,000 shareholders, which means that the loss will be very heavy ......

Sunshine City used to be a wonder in the real estate industry, and in just over ten years, its sales performance has increased from more than 200 million to 200 billion, ranking among the leading leaders in the domestic real estate industry.

It is reported that Sunshine City achieved a successful IPO in 2002; In 2015, Sunshine City officially entered the commercial property market with the opening of its first large-scale integrated shopping mall in Xi'an, Sunshine World. In 2017, the company owned more than 500 billion yuan of land, and in the .

In first-, second- and third-tier cities, more than eighty percent of the land is ...... here

In 2018, Sunshine City achieved sales of more than 100 billion yuan for the first time, and in 2019, sales have exceeded 200 billion yuan. Among the 100 real estate companies in China, Vanke is also the fastest growing real estate enterprise in China in the past three years. In 2020, the company's revenue was $219 billion.

And in 2020, Sunshine City achieved 821700 million yuan in revenue, 52Net profit attributable to the parent company of RMB2 billion was 519.1 billion yuan, setting a new record high in the A** field!

However, under the regulation and control of the state, the development of Sunshine City is getting slower and slower, and finally there is a serious deficit.

In 2021, Yango City achieved overall sales of 183.8 billion yuan, down 16% from the same period last year; At the same time, the company's revenue also slipped to 425300 million, a decrease of 48 from the previous year25%, resulting in a net profit attributable to the parent company of 691.6 billion yuan.

Subsequently, Sunshine City's operations declined further in 2022. The total sales of these three companies were 37.7 billion and the revenue was 39.9 billion200 million, and the net profit attributable to the parent company was 125500 million, mainly due to the provision of a huge amount of impairment provisions.

In addition, in terms of shrinking product sales and insufficient capital return, enterprises are facing the problem of capital turnover difficulties. According to the previously announced information, as of May 12, the company's due liabilities (including loans from financial institutions, partner payments, open market-related wealth management products, etc.) totaled 6473.2 billion yuan.

At the same time, as of May 12, Yango City and its wholly-owned subsidiaries have received judicial rulings from the relevant courts, involving a total of 309 subject matter of litigation5 billion yuan, including a total of 200RMB 5.8 billion in the subject matter of the lawsuit. The company and a number of its holding subsidiaries have been listed as "judgment defaulters" by relevant courts.

Sunshine City, a leading enterprise in the Fujian real estate industry, has grown at a rate of more than 1,000 times in more than ten years, and has achieved legends; However, in just two years, this 10 billion real estate company has fallen from the peak to the bottom, although there are still nearly 300 billion total assets, but its debt has reached 274.4 billion, and the market value is only 15300 million only.

Related Pages