What about R&F real estate? What's new in the company recently?

At present, R&F real estate is under great leverage pressure, and its hotel industry is also facing huge losses, so the prospect of R&F is not good. Recently, some media revealed that R&F Real Estate will lay off 30% employees in the company next year due to operational difficulties, and the company has also stopped relevant recruitment activities. Subsequently, R&F Real Estate issued an announcement clarifying that the report was a rumor, and the company did not suspend any signboard activities. Some media have checked the latest financial report of R&F Real Estate and found that its latest data shows that the company has only 39,244 employees, compared with 59,000 last year, which means that there are 20,000 fewer people in one year. However, R&F Property clarified that it was because the company sold a property company, which led to a large reduction in employees, not layoffs.

In terms of financial data, the R&F financial report shows that in the latest quarter, revenue fell by 4% and profit fell by 6% to only 3.9 billion yuan. The decline in profits is not only the impact of the epidemic, but also the problem of its business. Three years ago, R&F bought 77 hotels in Wanda for nearly 20 billion yuan. I thought it was a bargain, but after the acquisition was completed, I found the problem. First of all, R&F's hotel business itself is a loss, and then after accepting Wanda Hotel, the loss directly doubles. In 20 19 years, the loss of hotel business reached 10 billion. Coupled with the impact of the epidemic in 2020, R&F's hotel business continued to slump.

However, its main business, the real estate industry, is not good. As R&F bought a lot of land in the early days, the slowdown in housing prices led to a gradual shortage of capital chain. Now these places are in your hands. It is reported that R&F has not completed its expected goal for many years, and its performance has continued to decline.

So, we really don't need to worry about this 300 billion. People's R&F Real Estate Company is not worried about this situation, and those of us who eat melons have no need to worry about eating carrots. In short, with the continuous recovery of domestic economy, I believe that R&F real estate will gradually make its debt level reach the average level under normal operation. After all, R&F's real estate is one of the best in the country. We should still keep this confidence in real estate development companies.

Moreover, with the signs that the stock market in the financial circle is slowly picking up, if the shares of R&F real estate can have a strong trend, the pace of repayment will gradually accelerate, and I believe that many people's worries about R&F real estate will be eliminated. Sometimes, the routine of the capital market is beyond our ordinary people's understanding. As long as you can keep your wallet and not lose money, you can do it.