Evergrande China: Supplier performance deteriorates:
-Unable to collect accounts receivable for Evergrande of China-
[Shanghai 28th Reuters]
China Evergrande Supplier:
The performance of suppliers who have transactions with the company has deteriorated due to the financial difficulties of the Evergrande Group of China.
Full-scale earnings announcement:
The announcement of financial results of listed companies will begin in earnest from February.
This situation becomes clearer.
The government is forced to take action to avoid the impact and headcount reductions.
Furniture maker
Guangzhou Holike Creative Home Center
January 26,
There is a high possibility that the accounts receivable from China Evergrande cannot be collected.
It is expected that the 2021 net income will decrease by 60% from the previous year.
Due to the slump in the real estate market, the value of the company acquired for 20 years declined, and it was forced to write off the impairment loss.
It is seeking payment by reducing transactions with China Evergrande.
Parts manufacturer
Beijing Jiamen Gate Window Curtain Wall
Beijing Jiamen Gate Window Curtain Wall manufacturing doors, windows and curtain walls.
It has announced that its 2021 financial results may fall into the deficit of 1.4 billion yuan.
There is a high possibility that accounts receivable from China Evergrande will be burnt.
Lighting maker
Cantonese Mitsuo aurora lighting
The 2021 financial results are expected to decrease by 85-90%.
The sharp increase in impairment losses related to China Evergrande echoed.
Real estate landscape engineering
Shenzhen Literature Garden Forest
It was revealed that the 21-year financial results fell into the red due to the default of China’s Evergrande.
Many suppliers:
Announced debt to China Evergrande.
Some companies have already made provisions.
Looking at the latest data, the situation could be exacerbated.
Shanghai Voting Trading Office:
“The number of Chinese companies that are constantly delinquent in payments with short-term fund CP” is
In December, it increased by 26% from the previous month.
Shimao Group,
Kaisa Group,
Affiliated companies of Ryokuchi Group are also included.
Residential decoration
Shanghai Quanzhu
A total of 333 proceedings have been filed against Evergrande China and its subsidiaries.
It is said that the impact on business performance cannot be determined until the outcome of the proceedings is obtained.
Article [AMP] | Reuters
https://jp.reuters.com/article/china-property-suppliers-idJPKBN2K20WN
China home builders, suppliers issue spate of profit warnings as Evergrande woes bite | Article [AMP] | Reuters
https://jp.reuters.com/article/china-property-suppliers-idUKKBN2K20PD