Financial Forum
respected user:

If you find pornography, reactionary remarks, falsification of other people's speeches, advertisement fraud, etc. in the process of using the financial community website forum, in order to facilitate feedback from users, the contact information of the financial community forum administrators is announced as follows. Welcome everyone to have questions or suggestions. feel free to contact.

Financial Customer Service Center Email: jrjhudong@jrj.com.cn

Forum customer service phone 010-58325388-1532

Financial Forum Forum Official Account: Administrator 01

Financial community forum customer service QQ: 2632547546

Home| My financial community| Blog| forum| Love stock| Love investment| Live broadcast| Micro video| image [Mobile finance] [Sitemap] [Bookmark this page]

Financial Forum>Stock forum>Jiangnan Yanyuan

Sina WeiboWeChatQQ

Recommended stock Send new posts Refresh Browse in the old version Mobile phone forum

"Ordinary" theme: Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

Report Bookmark this page

财友3f1737doView TA's forum collection  View TA's recommendation recordPublished date: 2019-01-18 10:37:18

Title: Gold UserPoints: 15780 attentionAdd to friends Reference score Show author



Why does the rating agency issue a debt performance warning?

Huayi Brothers are veryLack of money

The layout of the four layouts is bleak

Today's Keywords:

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

2.9 billion debt topping, rating agencies question repayment ability

The company's performance decline still expressed confidence in compliance

Last year, the performance of listed companies was generally poor, and the film and television industry was affected by policies. There were problems in box office and financing. Under this circumstance, Huayi Brothers, as a representative of the domestic film and television industry, also suffered a series of crises. On December 24 last year, China Chengxin International Credit Rating Co., Ltd. (hereinafter referred to as “China Chengxin International”), the world’s fourth largest rating agency, disclosedChina Chengxin International finally decided to include the credit ratings of the two debts of Huayi Brothers “16 Huayi Brothers MTN001” and “18 Huayi Brothers CP001” on the watch list.

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

Zhongcheng International believes that Huayi Brothers will pay a total of 2.9 billion yuan in January and April of the year. According to the current industry situation and the company's profitability, “the company faces a large bond maturity pressure”. It seems that Huayi Brothers started this year with a bit of miserableness, which aroused the curiosity of the stocks. So what is the truth?

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

First of all, I have to talk about the origin of this debt. Huayi Brothers issued a total of 2.2 billion yuan in January 2016."16 Huayi Brothers MTN001"The issuance period is 3 years and the redemption date is 19 years in January. Issued in April 18th"18 Huayi Brothers CP001"The issue amount is 700 million yuan, and the redemption date is April 19, and both bonds are subject to relevant rating work by China Chengxin International. As a credit rating party, the reasons given by China Chengxin are also very convincing.The strictening of the regulatory policies of the film and television industry has led to a significant pressure on the operating environment of the main film and television entertainment business, while the film and television business and investment income have fallen sharply compared to previous years, and the net profit has finally shrunk dramatically.In this case, it will inevitably give an early warning of the result of the performance!

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

In the face of doubts about whether or not to fulfill the contract, Huayi Brothers seems to be very determined and optimistic.Expressed the confidence to raise funds for repayment: "The company has been actively negotiating with a number of financial institutions. At present, the company's various businesses are progressing in a normal and orderly manner, cash flow is functioning normally, and all operations are normal."According to the company's annual report, Huayi Brothers has a lot of money on the books, and it is more than 3 billion yuan. However, if you want to pay your debts, you can't use the money all the time. Otherwise, you can't manage the debt-paying companies! Then the question is coming. Where does Huayi Brothers go to raise money in order to get through the difficulties?

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

"Shabu-shabu selling iron" is not easy to raise money

The layout of various industries is embarrassing

In order to raise money, Huayi Brothers can use the "shabu selling iron" to describe it. On the evening of January 8, Huayi Brothers issued 9 announcements.The announcement indicates that it is proposed to provide pledge guarantees for assets such as the holding of heroic mutual entertainment shares and Dongyang Haoyi equity, and apply for credits of 5 banks including Minsheng Bank and Ping An Bank.

Huayi Brothers not only pledges the equity, but also pledges the real estate.It includes three villas at No. 1 Guanlanhu Avenue, Longhua District, Haikou City, Hongshu Valley Resort Hotel in Jiyang District, Sanya City, and Huayi Brothers Mutual Entertainment (Tianjin) invested in a set of real estate.

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

Do you think this is over?The company also pledges the accounts receivable of seven films and the future box office revenue of its 10 wholly-owned theater management companies.Well, mortgage equity and real estate can still be understood, and now even the "future box office income", which is still floating in the sky, is mortgaged. It can be seen that Huayi Brothers is short of money! What the stocks want to ask is that unlike the equity and real estate, the value is easy.HengdingWhich financial institution is the risk of the “future income”? Which financial institution finally accepts?

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

In addition, the equity pledge may trigger the risk of liquidation.Wang Zhongjun and Wang Zhonglei hold a total of 28.02% of Huayi Brothers, includingThe pledge rate is as high as 90.83%. Moreover, while pledging stocks, Wang Zhonglei is still cashing in shares. In October last year, Wang Zhonglei announced plans to reduce his holdings of 3.75 million shares indirectly through the “National Trust·Huayi Brothers Major Shareholders Increased Holding No. 2 Collective Fund Trust Plan”. In order to raise money, the two founders and brothers The two made a whole solution to maintain the situation.

In the face of the attitude of shareholders to reduce their holdings, Wang Boss is also unique. In an exclusive interview, he said that “reducing cash is a normal thing for entrepreneurs. If an entrepreneur does not reduce his stock, what is the entrepreneur? Is it the last time to die when all the property is donated? Or does all the property live for my son? I feel that I still have to enjoy my own life." Then I bluntly added, "I want to live, I am The salary of the company is also hundreds of thousands. I am also a very profitable person. I can't survive without selling stocks. I don't have the energy to continue working for the shareholders." It makes sense, I have no Right enough........

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

Huayi Brothers is not as simple as everyone thinks. Do you think you only make movies? Perhaps Huayi Brothers feels that the "film making" business has begun to gradually touch the ceiling, or has been not stimulated enough, want to change the pattern to play. After 2014, Huayi Brothers gradually began to “go to film” and try to playCB Real Estate, Games, InvestmentAnd other fields.

The Huayi Brothers used to create a “Suzhou Huayi Film World” with a total area of ​​over 600,000 square meters. The vision is to create a theme park similar to Disneyland. Since then, Huayi Brothers has successively signed a number of cultural and travel projects. Boss Wang has great hopes for these projects, and plans a grand blueprint for the future real income of 18 billion yuan and annual net profit of 1.8 billion yuan.

However, in the current environment, Shanghai Disneyland has suffered losses for years, not to mention Huayi, and it is also a difficult day.

Huayi Brothers "shabu selling iron" also 2.9 billion debt, selling shares to sell villas to sell box office only because of lack of money?

In addition, because of the relationship with Shi Yuzhu, Huayi Brothers has tried the game business, and founded the joint venture company Huayi Giant. The team from the giants wants to create a game of explosions. Needless to say, this thing is not for anyone. Playing... Wang boss is still making movies with peace of mind!

 
The article is good (0) copy Link
share to:
Post refresh

More landlord stickers

Recommended stock contest

Live broadcast

Recommended stock Send new posts Refresh Browse in the old version

Home1last pageTotal 1 pagespage

Back to forum home pageReturn to the homepage of this edition

A post on the forum:  

Forum next post:  

Recent hot topic recommendation

Recommended stock list

I want to be on the list |更多>>

Be careful to buy and sell  
Recommended stock competition ranking: 1
Total rate of return: 14160.32%
Average rate of return: 30.00%
Recommended count: 472
Successes: 456
Today's visits: 198

Bull stock prince  
Recommended stock competition ranking: 5
Total rate of return: 14128.26%
Average rate of return: 27.28%
Recommended number: 518
Successes: 481
Today's visits: 120

Today before today  
Recommended stock competition ranking: 2
Total rate of return: 21800.65%
Average rate of return: 29.95%
Recommended count: 728
Successes: 701
Today's visits: 108

financial>Stock forum>Jiangnan Yanyuan