China Fortune Land Development will “turn losses into profits” in 2022, and its hematopoietic capacity still needs to be improved

On the evening of January 30, China Fortune Land Development announced its 2022 annual performance forecast. It is expected to turn losses into profits in 2022, and it is estimated that the net profit attributable to shareholders of listed companies will be 1.1 billion to 1.6 billion yuan. 2022 is undoubtedly a major milestone for China Fortune Land Development. In this year, the company announced its business transformation, took out two asset platforms to carry out debt restructuring, sold off the Wuhan assets of the southern headquarters, and finally turned losses into profits… Chairman Wang Xuexue seemed to have reason to take a breath. China Fortune Land Development is coming out of the darkest moment, but it is still too early to say “the dawn is ahead”. | Related reading (Daily Economic News)


To a certain extent, China Land Development’s walk out of the “darkest moment” is a manifestation of the success of its overall debt restructuring. Looking at the debt restructuring plan of China Fortune Land Development, it is the first real estate company to successfully restructure its overseas debts in the form of “extension + debt-to-equity swap”.

This time, China Fortune Land Development issued a performance forecast. This big “thunder” stock began to turn losses into profits. It was due to the debt restructuring income confirmed based on the progress of debt restructuring. This income is a non-recurring profit or loss. After deducting the impact of non-recurring gains and losses such as the aforementioned debt restructuring gains, in fact, the operating performance for the reporting period was still a loss. Therefore, don’t be blindly optimistic. Although there is a daily limit, it is better for everyone to observe the stocks of China Fortune Land Development from the sidelines.

According to this situation, China Fortune Land Development will eventually have a soft landing. After all, China Fortune Land Development has a large number of assets, and most of these assets are high-quality assets. All it takes is time.

In the long run, the fundamentals of the macro economy and the real estate market have changed, and China Fortune Land Development’s “resurrection” and “rebirth” show that it will continue to occupy a place in the real estate market.

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