The market-oriented development of China's real estate industry, from its birth to the present, but more than 30 years, but several ups and downs, ups and downs, during which the story and characters are wonderful enough, there are always a few "old guns" belong to the small strong that can not be killed, you beat him to the dust, he can stand up again, Yunnan Junfa Group is one. For Junfa Group, we might as well give enough patience and confidence to look forward to its rebirth. Despite the arduous and painful road of scraping bones and healing, and the tragic and heroic act of a strong man breaking his wrist, we still have a positive and optimistic attitude towards the future development of Junfa Group.
This optimism is based on several aspects:
First of all, Junfa Group is down-to-earth and quality delivery, and completes the main task of ensuring delivery with practical actions.
In the past two years, although Junfa Group has been in financial difficulties, it has always regarded guaranteed delivery as the group's top priority, and a total of 22,171 sets have been delivered from January to December 2023!
According to the latest delivery data released by Junfa Group: from January to December 2023, a total of 18 projects have been delivered, with a total of 22,171 households delivered and 26 batches delivered. From January to December 2023, the cumulative delivery area will be 3,317,400 square meters, which is equivalent to the delivery area of 21 green lakes, a year-on-year increase of 111.71%. This delivery volume is a good result, which once again demonstrates the continuous cashing power of Junfa Group under the new situation.
Secondly, the debt is never the goal, but the means, the debt to solve is actually the urgent need caused by the liquidity pressure, the most fundamental is to rely on the recovery of the business side, that is, both ends of supply and demand are moving, some people buy real estate, some people buy land.
Junfa Group sold 19 existing houses, and sold existing houses to promote the return of funds.
Since March last year, Junfa has resumed sales of more than 10 projects such as Junshangfeng, Junyunfeng and Junfa City, covering residences, apartments, parking spaces and office buildings, and most of the products are existing houses and quasi-existing houses. The existing houses and quasi-existing houses launched by Junfa Real Estate really let buyers who are concerned about the project put aside their worries, and the price is more sincere.
Since the resumption of sales, Junfa's performance has gradually recovered, stabilized part of the cash flow, and all the sales proceeds have entered the government-supervised account to ensure that the funds are invested in the follow-up construction of the project and go all out to ensure delivery.
Judging from the specific measures to reduce debt, in fact, Junfa Group has been trying its best to maintain normal business activities, try to grasp the control of operations, and reserve sufficient preparations for the recovery after weight loss and the recovery of "hematopoietic ability".
Taking the A6 plot of Caiyun City as an example, this cooperation will solidify the existing debt and reduce the debt pressure through asset revitalization. In essence, it is because of this method, on the one hand, it protects the interests of creditors, on the other hand, it can reduce the debt repayment pressure of enterprises, ensure the short-term liquidity of enterprise funds, maintain the normal operation of production and business activities, and set aside funds for enterprises to ensure the delivery of buildings and resume work and production.
In the face of debt problems, any troubled real estate company needs to recognize the enormity of its task. If Chun Fat Group is to "travel light", it must continue to work on debt mitigation so that it can devote more energy to ensuring delivery and sales of multiple projects. As long as Junfa Group works steadily and steadily to ensure the quality of the project, there is still a great possibility to regain the pace of development and achieve steady growth.