Core Viewpoint - During the "14th Five-Year Plan" period, China Cinda has successfully completed its tasks related to ensuring the delivery of housing and projects, actively participating in risk resolution in the real estate sector across 43 cities in China [2][3]. Group 1: Financial Performance and Strategy - As of June 2025, China Cinda's total assets reached 1.68 trillion yuan, reflecting a 2.62% increase from the end of 2024 [3]. - The company aims to be a problem solver for distressed real estate and a value investor in operational real estate, adapting to market changes and policy directions [3][8]. - China Cinda has invested 945 billion yuan to facilitate the resumption of projects valued at approximately 4.524 trillion yuan, achieving a leverage ratio of 1:5 [5]. Group 2: Project Management and Risk Resolution - The company has engaged in 191 real estate risk resolution projects from 2022 to September 2025, ensuring the delivery of around 130,000 housing units [2][3]. - China Cinda employs a multi-faceted approach to project management, involving collaboration with various stakeholders, including government departments and financial institutions, to address issues across the entire business chain [4][5]. - The company has successfully restructured projects like the Henan Kangqiao project, injecting funds and management expertise, resulting in the delivery of over 6,400 housing units and resolving 2 billion yuan in construction payments [3][5]. Group 3: Future Outlook and Development - Looking ahead to 2026, China Cinda plans to focus on high-quality urban renewal, revitalizing distressed real estate projects, and exploring opportunities in non-residential sectors and restructuring [8]. - The company is transitioning from merely providing financial support to offering comprehensive solutions that include substantial restructuring and operational management [8].
【新华财经调查】945亿元盘活4524亿元资产，中国信达房地产“造血”模式如何持续？