HBFX(SZ:000926)2022-12-05 06:31Company Overview - The company has undergone three main development phases: initial metal industry focus, transition to a dual business model of real estate and metal, and a strategic upgrade emphasizing real estate as the core business [1]. - The real estate segment achieved over 10 billion RMB in sales for the first time in 2016, with notable projects including "Fuxing City Garden" and "Golden Huafu" [1]. Business Strategy - The company is shifting its focus towards real estate, planning to divest from the metal products sector to strengthen its property development capabilities [1]. - The urban village redevelopment model is adopted for its cost-effectiveness and operational flexibility, allowing the company to secure land with lower initial investments [2]. Financial Situation - The company has a strong cash flow due to successful fundraising, with over 10 billion RMB raised through bond issuance in the past two years, and a debt structure optimized to reduce interest expenses [3]. - A new round of private stock issuance is planned to raise 3.3 billion RMB at a minimum price of 12.70 RMB per share to support project development [3]. Stock Price Management - Measures are in place to stabilize stock prices post-unlocking of previously issued shares, including major shareholder buybacks and extending employee lock-up periods [3]. - Future strategies to boost market confidence include continued share buybacks, equity incentives, and accelerating project development to ensure consistent operational performance [3].