Is Aoshan Group, a housing enterprise in Wuhan, Hubei, going bankrupt soon?

At present, there is no formal bankruptcy notice, but for Aoshan Group, many projects in Aoshan are either in a state of suspension or delayed delivery. This enterprise, which was once famous for "making life full of sunshine", has now become a mountain that cannot be illuminated by sunlight.

According to industry analysis, the main reason of Aoshan IPO is high debt. According to the data in the prospectus, in 20 17, the net asset-liability ratio of Aoshan Holdings was as high as 283. 1%, and it was even worse in 20 17, with a debt of 568.9%. After the failure of listing, Aoshan Holdings set off a wave of executives leaving. Co-President Zhou Fengxue and General Manager of Ice and Snow Business Development have successively left their posts.

Behind Aoshan's predicament is the embarrassment of mismatch between ability and ambition, which may be affected by epidemic factors. However, under the environment of "three red lines of financing" and "centralized land supply", Aoshan wants to overtake in a corner with high leverage and high debt, and this road is difficult to go on.

Introduction:

Aoshan Group, founded in 1997, is a diversified group integrating six industries, including real estate development, business management, culture and education, film and television communication, leisure tourism and financial investment. On September/0/0, 2020, the list of the top 500 private enterprises in China in 2020 was released, and Aoshan Group Co., Ltd. ranked 472nd, with an operating income of 2/0/566.99 million yuan.