用26亿偿还千亿债务？金科股份管理层回应——

Core Viewpoint - Kinkor Holdings (金科股份) is undergoing judicial reorganization due to significant financial losses in 2024, with its chairman and president voluntarily reducing their salaries to 30,000 yuan per month to address the situation [1][5]. Financial Performance - In 2024, Kinkor reported total revenue of 27.555 billion yuan, a year-on-year decline of 56.43% [1]. - The net profit attributable to shareholders was -31.970 billion yuan, a substantial decrease of 266.11% compared to the previous year [1]. - The net profit after deducting non-recurring items was -28.418 billion yuan, down 284.37% year-on-year [1]. Operational Strategy - Kinkor prioritized "ensuring housing delivery and stabilizing people's livelihoods," successfully delivering approximately 72,400 residential and commercial units [2]. - The company secured a total of 4.89 billion yuan in various financing sources to support its housing delivery tasks [2]. - Kinkor signed 56 new construction management projects in 2024, adding 4.5 million square meters of managed area, ranking eighth in the new contract scale among Chinese real estate construction management companies [2]. Judicial Reorganization Progress - The chairman of Kinkor reported that the reorganization investors have paid approximately 1.4 billion yuan in performance guarantees, exceeding the agreed amount by 86 million yuan [2]. - Kinkor's management outlined three conditions necessary for the company to "remove its caps," including the completion of the reorganization plan and positive net profit in the following fiscal year [3]. Misunderstandings Regarding Debt - There were market rumors suggesting that Kinkor's reorganization involved using 2.628 billion yuan to repay over 100 billion yuan in debt, which the financial officer clarified as a misunderstanding [3]. - The 2.628 billion yuan represents the investment from investors, not direct debt repayment, and the majority of Kinkor's debt is related to project financing guarantees [3][4]. Future Outlook - Kinkor's management anticipates a transformation in the real estate sector, viewing it as an opportunity for a "new model" of development [5]. - The company aims to reposition itself as a property operator focused on technological innovation and operational management, shifting from traditional development to asset management [5]. - Future changes will include a shift in business model, core capabilities, and regional focus, concentrating on high-energy cities and a balanced approach to development and asset management [5].