<p>（第一财经）3 月 17 日——陷入困境的中国房地产开发商旭辉控股集团今天股价大涨，因其透露在经历了漫长的亏损期后，去年实现了盈利，得益于其债务重组带来的 400 亿元人民币（58 亿美元）的收入。</p>
<p>旭辉 [HKG: 0884] 收盘上涨 5.7%，报 7.6 港元（0.97 美元），在交易中曾一度上涨 13.9%。其市值仍仅为 14 亿港元（1.787 亿美元），较去年同期下降约 70%。</p>
<p>在连续三年亏损后，旭辉预计去年实现净利润在 170 亿元至 190 亿元人民币（25 亿至 28 亿美元）之间。这得益于去年底完成海外债务重组带来的 400 亿元人民币的一次性收益，该公司在昨日发布的盈利预测中表示。</p>
<p>这家总部位于上海的开发商在 2022 年至 2024 年期间报告了 130 亿元、90 亿元和 71 亿元人民币的净亏损。</p>
<p>如果不考虑一次性收益，旭辉去年仍处于亏损状态，亏损在 75 亿元至 90 亿元人民币之间，主要是由于房地产项目完工减少导致收入下降，以及市场低迷导致毛利率下降，该公司的盈利预测表示。</p>
<p>旭辉在 12 月 29 日宣布，其海外债务重组计划已生效，结合在 9 月份获得债权人批准的国内债务重组计划，最终完成了为期三年的债务重组计划。</p>
<p>该公司透露，涉及重组的国内外债务总规模为 668 亿元人民币（97 亿美元），其中海外债务为 567 亿元人民币，通过债转股和本金减免减少了 380 亿元人民币。国内债务达到 101 亿元人民币，减少了超过 50 亿元人民币。</p>
<p>随着国内和海外债务重组的完成，旭辉的总有息负债预计将从去年中期的 842 亿元人民币降至约 500 亿元人民币，使其有息负债和净债务比率回落至 2017 年的水平，该公司表示。</p>
<p>自 2022 年以来，中国房地产开发商加快了摆脱财务困境的努力。主要房地产公司如融创中国和碧桂园也最近宣布完成了其国内和海外债务重组计划。</p>
<p>编辑：窦世聪，汤姆·利廷</p>

房地产ETF

南方中证全指房地产ETF

广发中证全指金融地产ETF

永升服务

华夏中证全指房地产ETF

旭辉控股集团

华宝中证800地产ETF

<p>CIFI 控股集团的股价在宣布恢复盈利后上涨了 5.7%，这得益于其债务重组带来的 400 亿人民币收益。尽管如此，公司在剔除一次性收益后仍报告了 75 亿至 90 亿人民币的净亏损。CIFI 的总带息负债预计将在完成其为期三年的债务重组计划后显著减少，该计划涉及 668 亿人民币的债务。该公司旨在在中国房地产市场持续挑战的背景下稳定其财务状况</p>

<p>(Yicai) March 17 -- Shares of troubled Chinese real estate developer CIFI Holdings Group surged today, after revealing that it returned to profit last year following a lengthy period of losses, thanks to income of CNY40 billion (USD5.8 billion) from its debt restructuring.</p>
<div class="lb-trans"><p>（第一财经）3 月 17 日——陷入困境的中国房地产开发商旭辉控股集团今天股价大涨，因其透露在经历了漫长的亏损期后，去年实现了盈利，得益于其债务重组带来的 400 亿元人民币（58 亿美元）的收入。</p>
</div><p>CIFI [HKG: 0884] closed up 5.7 percent at 7.6 HK cents (0.97 US cents), having surged as much as 13.9 percent during trading. Its market capitalization is still only HKD1.4 billion (USD178.7 million), down about 70 percent from the same period last year.</p>
<div class="lb-trans"><p>旭辉 [HKG: 0884] 收盘上涨 5.7%，报 7.6 港元（0.97 美元），在交易中曾一度上涨 13.9%。其市值仍仅为 14 亿港元（1.787 亿美元），较去年同期下降约 70%。</p>
</div><p>After three consecutive years of losses, CIFI estimated that it made a net profit last year of CNY17 billion to CNY19 billion (USD2.5 billion to USD2.8 billion). This was thanks to a one-off gain of CNY40 billion from completing its overseas debt restructuring at the end of last year, the company said in its earnings forecast released yesterday.</p>
<div class="lb-trans"><p>在连续三年亏损后，旭辉预计去年实现净利润在 170 亿元至 190 亿元人民币（25 亿至 28 亿美元）之间。这得益于去年底完成海外债务重组带来的 400 亿元人民币的一次性收益，该公司在昨日发布的盈利预测中表示。</p>
</div><p>The Shanghai-based developer had reported net losses of CNY13 billion, CNY9 billion and CNY7.1 billion from 2022 to 2024.</p>
<div class="lb-trans"><p>这家总部位于上海的开发商在 2022 年至 2024 年期间报告了 130 亿元、90 亿元和 71 亿元人民币的净亏损。</p>
</div><p>Excluding the one-off gain, CIFI was still in the red last year, with a loss of CNY7.5 billion to CNY9 billion, mainly because of a decrease in its revenue caused by fewer completed real estate projects and a drop in gross margin due to the market downturn, its earnings forecast said.</p>
<div class="lb-trans"><p>如果不考虑一次性收益，旭辉去年仍处于亏损状态，亏损在 75 亿元至 90 亿元人民币之间，主要是由于房地产项目完工减少导致收入下降，以及市场低迷导致毛利率下降，该公司的盈利预测表示。</p>
</div><p>CIFI announced on Dec. 29 that its overseas debt restructuring plan had taken effect, and that coupled with the domestic debt restructuring plan approved by creditors in September, it had finally finished the three-year debt restructuring plan.</p>
<div class="lb-trans"><p>旭辉在 12 月 29 日宣布，其海外债务重组计划已生效，结合在 9 月份获得债权人批准的国内债务重组计划，最终完成了为期三年的债务重组计划。</p>
</div><p>The firm had revealed that the total scale of domestic and overseas debts involved in the restructuring were CNY66.8 billion (USD9.7 billion), including overseas debt of CNY56.7 billion of which CNY38 billion was reduced through debt-to-equity swaps and principal write-offs. The domestic debts had reached CNY10.1 billion, and were reduced by over CNY5 billion.</p>
<div class="lb-trans"><p>该公司透露，涉及重组的国内外债务总规模为 668 亿元人民币（97 亿美元），其中海外债务为 567 亿元人民币，通过债转股和本金减免减少了 380 亿元人民币。国内债务达到 101 亿元人民币，减少了超过 50 亿元人民币。</p>
</div><p>With the completion of the domestic and overseas debt restructuring, CIFI’s total interest-bearing liabilities are expected to drop from CNY84.2 billion in the middle of last year to around CNY50 billion, allowing its interest-bearing liabilities and net debt ratio to fall back to the level of 2017, the company said.</p>
<div class="lb-trans"><p>随着国内和海外债务重组的完成，旭辉的总有息负债预计将从去年中期的 842 亿元人民币降至约 500 亿元人民币，使其有息负债和净债务比率回落至 2017 年的水平，该公司表示。</p>
</div><p>Chinese real estate developers have been accelerating efforts to extricate themselves from financial distress since 2022. Major real estate companies Sunac China Holdings and Country Garden Holdings also recently announced the completion of their domestic and overseas debt restructuring plans.</p>
<div class="lb-trans"><p>自 2022 年以来，中国房地产开发商加快了摆脱财务困境的努力。主要房地产公司如融创中国和碧桂园也最近宣布完成了其国内和海外债务重组计划。</p>
</div><p>Editors: Dou Shicong, Tom Litting</p>
<div class="lb-trans"><p>编辑：窦世聪，汤姆·利廷</p>
</div>

旭辉控股集团因债务重组后恢复盈利而股价上涨