高负债下房地产企业的去杠杆自救——以金科股份为例

Deleveraging and Self-help of Real Estate Enterprises under High Debt:Take Jinke Shares as an Example

房地产行业杠杆率快速增长且居高不下。过高的负债容易引发企业资金系统风险。自2015年“三去一降一补”供给侧改革意见提出后,房地产企业积极实施自救措施。文章分析了房地产企业去杠杆的路径和措施,以金科股份为例分析了该公司去杠杆自救措施的效果。金科股份采用拓宽融资渠道、促收回款、优化对内投资战略等自救措施,成功地实现了偿债能力的提升。

The leverage ratio of the real estate industry has grown rapidly and remains high.Excessive debt is prone to cause systemic risks in corporate funds.Since 2015,when the"Three Deletions,One Reduction,One Supplement"supply-side reform opinions were put forward,real estate companies have actively implemented self-rescue measures.The article analyzes the deleveraging path and measures of real estate companies,and takes Jinke shares as an example to analyze the effect of the company's deleveraging and self-help measures.Jinke has adopted self-rescue measures such as broadening financing channels,promoting recovery of funds,and optimizing inward investment strategies,and has successfully improved its debt solvency.