Zhi Tong Cai Jing·2026-01-05 07:06Core Viewpoint - Longfor Group has successfully managed its debt obligations, completing the repayment of "21 Longfor 02" and settling a significant portion of its loans, indicating a strong financial strategy and stability in navigating debt peaks [1][2] Group 1: Debt Management - 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 an interest rate of 4.4% [1] - The company has cleared a syndicated loan of 9.227 billion HKD (approximately 8.5 billion yuan), which was initiated on December 21, 2020, with a five-year term [1] - Following the repayment of "21 Longfor 02," Longfor's domestic credit bond balance is approximately 3.4 billion yuan, with staggered maturity dates, indicating manageable debt pressure [1] Group 2: Financial Strategy - Since 2023, Longfor has focused on driving business growth through positive operating cash flow and maintaining a stable debt structure for sustainable development [2] - The company has reduced interest-bearing liabilities by over 40 billion yuan over three years, with plans to further decrease liabilities by approximately 10 billion yuan annually starting in 2026 [2] - Longfor's ability to navigate the debt cycle positively impacts the industry, showcasing that traditional real estate companies can address historical issues and adapt to new market models through prudent strategies [2]