智通财经网·2026-01-05 07:05Core Viewpoint - Longfor Group has successfully managed its debt obligations, completing the repayment of "21 Longfor 02" and settling a significant syndicated loan, indicating a strong financial strategy and reduced debt pressure moving forward [1][2]. Group 1: Debt Management - On January 5, Longfor Group completed the principal repayment and interest payment for "21 Longfor 02," totaling approximately 1.038 billion yuan, with a face value of 1 billion yuan and a coupon rate of 4.4% [1]. - Longfor Group has cleared a syndicated loan of 9.227 billion HKD (approximately 8.5 billion yuan), which was initiated on December 21, 2020, and had a five-year term [1]. - Following the repayment of "21 Longfor 02," Longfor Group's remaining domestic credit bond balance is approximately 3.4 billion yuan, with staggered maturity dates, indicating manageable future debt obligations [1]. Group 2: Financial Strategy - Since 2023, Longfor Group has focused on driving business growth through positive operating cash flow and maintaining a stable debt structure for sustainable development [2]. - By mid-2025, Longfor Group has achieved positive operating cash flow, including capital expenditures, and has reduced interest-bearing liabilities by over 40 billion yuan over three years [2]. - Longfor Group plans to reduce its interest-bearing liabilities by approximately 10 billion yuan annually starting in 2026, stabilizing its debt scale and alleviating repayment pressure [2]. Group 3: Industry Impact - Longfor Group's successful navigation through the debt cycle is seen as a positive signal for the industry, demonstrating that traditional real estate companies can address historical issues and adapt to new market conditions [2]. - By moving away from reliance on leverage and scale, Longfor Group is strengthening its operational and service capabilities to meet the demands of the current market transformation [2].