The real situation of Shimao Group

The real situation of Shimao Group is that it has suffered serious losses in the past two years.

As a typical Fujian-based housing enterprise, Shimao Group is known as the king of M&A in the industry. Since the second half of 20021,the environment of China real estate industry has changed, the company's operation has been adversely affected, and the contract sales have dropped significantly. In 2022, its contract sales decreased by 68%.

Shimao said that since 2022, the decline in sales of the company has not improved much. By 2022, although the gross profit margin has rebounded, it is still at a historical low of 8.4% due to price reduction promotion and high-priced land carry-over.

Since the liquidity crisis, Shimao has been actively helping itself to restore and protect the production and operation of enterprises, including discussing the extension and exemption of existing financing, minimizing the interference to project construction and operation, accelerating sales and repayment, and actively disposing of assets.

Shimao Group introduced

Shimao Holdings (hereinafter referred to as Shimao) is an international and comprehensive large-scale investment group, including two core modules, Shimao Group and Shimao International, in which Shimao Group involves real estate, commercial operation, property management, hotel management, culture and entertainment, finance, education, health, high technology and other industrial fields.

Shimao has participated in the development and construction of core urban agglomerations such as Greater Bay Area, Beijing-Tianjin-Hebei, Yangtze River Delta, West Coast of the Taiwan Strait, Chengdu-Chongqing and Shandong Peninsula. The pioneering Riverside Model creates high-end urban life by naturally integrating landscape, hydrophilicity, gardens, architecture and other elements into each building, and devotes itself to creating quality life scenes, thus establishing its classic position in the field of high-quality residential development.

Over the years, Shimao has continued to build city business cards, constantly set up urban landscape, cultural and spiritual landmarks, and redraw the city skyline. Many classic projects have gradually become important carriers of urban industrial upgrading and regional economic development.

The above contents refer to Baidu Encyclopedia-Shimao Group.