Chinese brand net Wang Fa

R & F Properties in accordance with the latest announcement, the company's two related people just signing agreements for the purchase at the Tianhe District, Guangzhou R & F丽丝卡尔顿the two sets of residential apartments, a total of up to 101,500,000 yuan, the agreement also agreed a On full payment. R & F areas and expected the transaction is pre-tax profit up to 35.5 million yuan, will be used as the company's operating capital.

It is puzzling that R & F Properties last month, also issued a similar notice, but also linked to the two Beijing R & F City, signing agreements for the purchase of 2 sets of four homes, the total price to reach 82.74 million yuan, also agreed this month to 30 A few days ago to settle all the money. R & F is also expected, the transaction after-tax profit up to 32.6 million yuan.

Economic Analysis and Research, the Chinese brand network that:

I, paying back the principal insignificant compared with the huge debt. R & F Properties two approaches to buy their own housing, perhaps the market has long been rumored on the Verge of funds to a comment that, through their own buyers to ease the financial pressure. For most enterprises, 180 million yuan of income, profit 6-7 tens of millions of dollars have been able to cope with various critical. However, this amount of money for R & F Properties of the debt, however, it is a drop in the bucket. R & F Properties August 14 this year, released an interim report showed that companies have nearly 150 billion the total amount of long-term liabilities, more terrifying is the short-term current liabilities. Just look in the near future need to pay short-term liabilities, as high as 29 billion yuan, including accrued expenses and other payables 9.4 billion (according to the Chinese brand network estimates, mainly in construction payables and land should be paid), the taxable 2100000000 yuan, 2.6 billion short-term bank loans, long-term bank loans should also part of the current 5.5 billion.

Obviously, this 180 million yuan in cash, with 29 billion should be paid in terms of short-term liabilities are utterly inadequate.

Second, executives buyers on the Verge of hard money. Real estate profits, rather than the proliferation of wealth, not as good as said to be a massive transfer of wealth. Its profitable core of the transfer of the broad masses of the owners of wealth to the hands of developers and to expand production. If that is the transfer of the wealth of executives to maintain business operations, for such capital-intensive enterprises is basically unsustainable.

Now that the company executives to buy their own property, for the huge debt is a drop in the bucket, then why do we still have to spend 180 million yuan purchase it? Please tomorrow concern "on the Verge of R & F Properties funds bis, confidence or a guilty conscience."