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Recently, the first stock in the Oriental Garden, the first stock in the park, can be said to have “continuous waves of windsSugar daddyEscort“, from debt failure to deep debt crisis, to stock price pledges caused by large-scale stock price drops, and then to multi-party support, every step is being paid attention to.
On October 24, Oriental Garden Forest issued another notice, saying that it has cooperated with the strategy signed by the Changjiang Sanmao Group to cooperate with the framework agreement. In the future, the two parties will jointly build a platform for Changjiang Big Protection with the focus on water resource management.
Under the tightly-out financial links, this marriage is regarded by the market as a self-rescue of Oriental Gardens. The Sanxia Group is a central enterprise and has strong financial strength. The Oriental Garden Forest, which mainly operates as a PPP business, is short of funds and technology. If the two cooperate together, they may reduce the debt pressure of the Oriental Garden Forest. Oriental Garden Forest also spoke politely in the notice and cooperated with the Sanqi Group to effectively promote and integrate the company to carry out more than 50 PPP projects in Changjiang Economic Development.
Of course, whether this antidote can be useful depends on market verification. But whether it is useful or not Pinay escort, the industry adversity reflected behind a series of events in Oriental Garden Forestry is worthy of market attention: the park forestry enterprise that has been blessed by the capital market with its PPP business.
From Xiao Tiantian to Mrs. Niu
PP, which is a form of cooperation between the government and social capital to provide public products and services. In simple terms, it is a form of cooperation between government and enterprises. The specific situation is that as the Manila escort social capital, the company cooperated with the bureau to take a look at the sweet little girl in the opposite direction. She was about 18 or 19 years old, and established a project company (SPV) and achieved investment, financing, construction, and operation of the PPP project through the project company.
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PPP shapeSugar The daddy style originated in September 2014. At that time, the financial subordinate issued the “Notice on the Cooperation between Promotion and Social Capital in the Form of Cooperation between the Administration and Social Capital”, encouraging the implementation of the PPP form.
With the multi-domain promotion of PPP, the PPP format has also become an important promotional situation for the ecological construction project of the park forest industry. Many second-line stars in the park forest have become first-line stars, and resources are coming in a hurry. Listed companies are exploring the form of PPP, and related orders have also increased soared, reaching them in 2017. Taking Oriental Garden Forest as an example, during the 2015-2017 period, the total amount of the winning PPP order investment was RMB 34.58 billion, RMB 38.01 billion and RMB 71.57 billion respectively.
The growth in industry also boosted the stock price. Among them, the two Garden Forest stocks listed in Hangzhou Yuanlin and Green Inn, the highest price of the Garden Forest stocks exceeded 100 yuan in 2017. The share price of Oriental Garden Forest reached a record high in October 2017, and its market value also exceeded 60 billion yuan for the first time. In addition to the second-level market, Sugar baby enterprises are also popular in the first-level market. Financial statistics show that in 2017, 7 Yuanlin companies entered the A-share market, and in the four years from 2013 to 2016, only 6 companies achieved IPO profits. As of now, there are 25 Yuanlin stocks.
It can be said that whether it is an IPO or a share price, the “slow water” of the park forestry enterprise is related to the pursuit of PPP form.
But after the rapid growth, supervision also came with it, and the policy began to focus on the normative policy on the PPP form.
In November 2017, the financial subordinates issued a notice on the governance of standardized PPP projects, expressing the need to avoid PPP being transformed into a new financing platform, and to resolve the hidden “Book Xiangmei”Human image. As one of the background characters, Ye Qiukang increased in the number of sexual debt risks.
In the first half of 2018, the National Development and Reform Commission, the Ministry of Finance and the National Welfare Commission continued to issue various policy guidelines for the development of standardized PPPs. According to the notice issued by the Office of the State Council, the PPP regulations (Regulations on Cooperation between the Bureau of Basic Facilities and Public Services and Social Capital) will be formulated before the end of 2018.
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ImageEscort manila Source: The strict collection of PPP form policies has caused changes in the financing environment. For the garden stocks that pay large amounts of project payments in the later period, the direct impact is that the company’s outward financing is beginning to become difficult, and it can only rely on the equity of the stock and borrowing loans to finance.
The most popular case is that the 1 billion yuan actual fundraising of Oriental Garden Forest Debt was only 50 million yuan, and the stock price fell sharply, which triggered a risk of the staked shares.
In addition, the Certified Supervision has also begun to conduct strict review of the forestry enterprises. Qinsen Garden Forest, which is mainly for the construction of the forest project, closed it after a brief decision, becoming the last company to be rejected by the first major review committee before the replacement. Some insiders believe that if the review thinking does not change, it will be difficult for the Yuanlin company to make a profit in IPO. How to crack the liquidity risk
PPP’s Escort manila form determines that forestry enterprises not only require late-term wallets, but at the same time, the review and settlement process is slower and the collection cycle is longer. These two characteristics determine that the collection and inventory of the Garden Forest Stock will continue to grow.
Like Oriental Garden Forest, the payments to be received at the end of 2010 were only 4.8.900 million yuan, while as of the first half of 2018, the data increased to 9.111 billion yuan, accounting for 22.71% of the total assets, with over 1.2 billion yuan expected.
Image source: Wind
The growth of inventory is even more agile. As of the first half of 2018, the total inventory of Oriental Garden Forest reached 14.091 billion yuan. Among them, the “big head” in the inventory of completed unfinished assets formed by the construction contract is RMB 1.3325 billion, accounting for 51.27% of the current assets.
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<p style="text-align: Image source: Wind
It is worth noting that if the financial resources of the office and real estate developers are tight, it will affect the acceptance and acceptance of project payments, and may even lead to a significant increase in the amount of bad debts, and the company will lose the asset value. According to the broad distribution securities environmental protection project and the concept of service: Analyzing the life of the analysis manager Guo Lingzuo team, the investment scale of the PPP project with annual advancement payment cycle will reach 10,000 yuan. At that time, the settlement situation will be summarized 2: Will be tested.
In addition, the PPP form itself also has risks. Since Sugar daddy my country’s PPP form is in its infancy, the policy environment for the development of PPP formSugar daddy and the trust environment are still in place. Sugar baby are affected by various reasons such as the recognition and strength of the authorities. The department’s projects have been affected. babyThe problem of long time or difficult landing.
The asset reduction and PPP form risks of Oriental Garden Forest are actually the shrinking of the entire garden industry and have always existed. However, the industry was in a period of rapid growth, and these risks were the same. Also neglected. At the moment, the market is weak, investors’ tolerance for risks has dropped, and these risks have gradually been viewed.
In order to reduce liquidity risks, Yuanlin stocks have developed extremely well. Self-rescue, before Meichen Shengxian’s actual controller to sell sharesSugar daddy “SurvivalR TC: