11-16-2018, 02:20 AM
Net profits of Evergrande Real Estate Group from 2010 to 2015 (billion yuan)
Domestic real estate companies are ramping up investment portfolio diversification in the midst of China's booming property market kyrie 3 the cavaliers pas cher , but experts noted on Wednesday that developers should be cautious in expanding into sectors that are not related to their core assets.
China Evergrande Group, the country's leading property developer, has provided a lesson. The property company said on Wednesday that it was selling three groups of non-core assets, including its dairy, spring water as well as grain and edible oil units, in deals worth a total of 2.7 billion yuan ($405 million).
The builder will sell its grain and edible oil operations for 600 million yuan kyrie 3 light rone pas cher , its dairy business for 300 million yuan, and its spring water unit for 1.8 billion yuan, according to a filing the company sent to the Hong Kong Stock Exchange on Wednesday.
Buyers will pay 10 percent down to Evergrande within three days of the agreements, with the remainder to be paid over the next three years.
By selling off the three businesses, which have total debt of 3.3 billion yuan, Evergrande is estimated to record a pre-tax gain of 5.7 billion yuan kyrie 3 christmas pas cher , according to the filling.
The sales are "a strategic consideration" that will enable the company to focus on the development of property and other related business, Evergrande said in the filing.
"The withdrawal proves that the company has failed in its attempt" to enter the fast-moving consumer goods (FMCG) market," said Zhang Jiayuan, an analyst with China Investment Consulting Co, noting that those businesses have been a drag on the company's overall financial performance for three consecutive years.
Even the spring water sector, which has yielded household brands like Evergrande Spring kyrie 3 bhm pas cher , incurred 2 billion yuan and 2.36 billion yuan losses in 2015 and 2014, respectively, according to the company's financial statements.
In contrast, Evergrande's property-related business units, including finance and sports, still have great growth potential kyrie 2 usa pas cher , experts noted.
For example, revenue from the sports sector surged 11 percent year-on-year to 380 million yuan in 2015, with club ticket sales at a new high of 210 million yuan, according to the company's financial statement.
"This is because those sectors' operating models, in which property developers have built up experience, are different from those of the FMCG industry kyrie 2 skateboard pas cher ," Zhang Hua-xue, deputy general of the China Index Research Institute, told the Global Times on Wednesday.
"Property-related sectors generally require large investments but offer quick, high returns. Building up a FMCG base involves a long period of customer cultivation and marketing, which inevitably means losses that real estate companies can't accept," he said.
Evergrande was a pioneer in diversification in the property sector kyrie 2 red velvet pas cher , and other domestic developers have considered similar moves in recent years, according to media reports.
Dalian Wanda Group boosted its leisure and entertainment operations by opening theme parks, for example, while Greenland Group set up a service to offer Internet finance in November 2015.
"These moves have taken advantage [of the resources provided]by the recent booming property market and soaring housing prices," Zhang of China Investment Consulting told the Global Times on Wednesday.
In the first half of 2016, there were five developers whose sales revenues exceeded 100 billion yuan kyrie 2 PERFECT GISGUISED pas cher , according to a report Centaline Property sent to the Global Times on Tuesday.
"Business diversification will raise real estate giants' competitiveness, but they also need to be aware of their core advantages and avoid the mistakes made by Evergrande," Zhang said.
Evergrande's shares in Hong Kong were up 0.37 percent to HK$5.39 ($0.69) at Wednesday's close.
TheEpi-LASIK method is related to LASEK in that the flap is developed in the eye’s epithelium, not the cornea. The principal differences among the two processes include the instruments used to create the flap and the software of the alcohol resolution. Throughout Epi-LASIK, the surgeon utilizes a blunt plastic blade instead of LASEK’s trephine to produce the flap. In addition, no alcohol resolution is applied to the eye throughout Epi-LASIK. Once the epithelial flap is produced and lifted kyrie 2 parade pas cher , the Epi-LASIK treatment proceeds likewise to LASIK and LASEK.
PRK. PRK is frequently referred to as the “authentic laser eye medical procedures.” This is simply because PRK was carried out properly prior to LASIK, LASEK and Epi-LASIK came into existence. PRK is unique among laser eye surgery procedures in that it does not include the development of any type of flap. As an alternative, element of the epithelium is taken out but is not replaced following surgical treatment. In other situations, clients will have a gradual improvement in their eyesight. Just before leaving after the procedure, the medical employees will verify that you are responding properly to the treatment. You will be prescribed discomfort medicine if you want it. You will also be supplied with eye drops and further guidance.
Appointments Right after the Surgery & Eye-Care Recommendations
It is vital that you use your eye shields and that you comply with the encouraged recovery timetable, in buy to obtain the greatest final results achievable. You also require to make an hard work to show up at all of your subsequent appointments kyrie 2 monkey year pas cher , as your medical professional ought to confirm the progress of your recovery.
LASIK eye medical procedures can be much less nerve-racking if you are familiar with the process. If you are not sure of nearly anything, make sure that you go over these queries with your medical professional before the surgical treatment.
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Domestic real estate companies are ramping up investment portfolio diversification in the midst of China's booming property market kyrie 3 the cavaliers pas cher , but experts noted on Wednesday that developers should be cautious in expanding into sectors that are not related to their core assets.
China Evergrande Group, the country's leading property developer, has provided a lesson. The property company said on Wednesday that it was selling three groups of non-core assets, including its dairy, spring water as well as grain and edible oil units, in deals worth a total of 2.7 billion yuan ($405 million).
The builder will sell its grain and edible oil operations for 600 million yuan kyrie 3 light rone pas cher , its dairy business for 300 million yuan, and its spring water unit for 1.8 billion yuan, according to a filing the company sent to the Hong Kong Stock Exchange on Wednesday.
Buyers will pay 10 percent down to Evergrande within three days of the agreements, with the remainder to be paid over the next three years.
By selling off the three businesses, which have total debt of 3.3 billion yuan, Evergrande is estimated to record a pre-tax gain of 5.7 billion yuan kyrie 3 christmas pas cher , according to the filling.
The sales are "a strategic consideration" that will enable the company to focus on the development of property and other related business, Evergrande said in the filing.
"The withdrawal proves that the company has failed in its attempt" to enter the fast-moving consumer goods (FMCG) market," said Zhang Jiayuan, an analyst with China Investment Consulting Co, noting that those businesses have been a drag on the company's overall financial performance for three consecutive years.
Even the spring water sector, which has yielded household brands like Evergrande Spring kyrie 3 bhm pas cher , incurred 2 billion yuan and 2.36 billion yuan losses in 2015 and 2014, respectively, according to the company's financial statements.
In contrast, Evergrande's property-related business units, including finance and sports, still have great growth potential kyrie 2 usa pas cher , experts noted.
For example, revenue from the sports sector surged 11 percent year-on-year to 380 million yuan in 2015, with club ticket sales at a new high of 210 million yuan, according to the company's financial statement.
"This is because those sectors' operating models, in which property developers have built up experience, are different from those of the FMCG industry kyrie 2 skateboard pas cher ," Zhang Hua-xue, deputy general of the China Index Research Institute, told the Global Times on Wednesday.
"Property-related sectors generally require large investments but offer quick, high returns. Building up a FMCG base involves a long period of customer cultivation and marketing, which inevitably means losses that real estate companies can't accept," he said.
Evergrande was a pioneer in diversification in the property sector kyrie 2 red velvet pas cher , and other domestic developers have considered similar moves in recent years, according to media reports.
Dalian Wanda Group boosted its leisure and entertainment operations by opening theme parks, for example, while Greenland Group set up a service to offer Internet finance in November 2015.
"These moves have taken advantage [of the resources provided]by the recent booming property market and soaring housing prices," Zhang of China Investment Consulting told the Global Times on Wednesday.
In the first half of 2016, there were five developers whose sales revenues exceeded 100 billion yuan kyrie 2 PERFECT GISGUISED pas cher , according to a report Centaline Property sent to the Global Times on Tuesday.
"Business diversification will raise real estate giants' competitiveness, but they also need to be aware of their core advantages and avoid the mistakes made by Evergrande," Zhang said.
Evergrande's shares in Hong Kong were up 0.37 percent to HK$5.39 ($0.69) at Wednesday's close.
TheEpi-LASIK method is related to LASEK in that the flap is developed in the eye’s epithelium, not the cornea. The principal differences among the two processes include the instruments used to create the flap and the software of the alcohol resolution. Throughout Epi-LASIK, the surgeon utilizes a blunt plastic blade instead of LASEK’s trephine to produce the flap. In addition, no alcohol resolution is applied to the eye throughout Epi-LASIK. Once the epithelial flap is produced and lifted kyrie 2 parade pas cher , the Epi-LASIK treatment proceeds likewise to LASIK and LASEK.
PRK. PRK is frequently referred to as the “authentic laser eye medical procedures.” This is simply because PRK was carried out properly prior to LASIK, LASEK and Epi-LASIK came into existence. PRK is unique among laser eye surgery procedures in that it does not include the development of any type of flap. As an alternative, element of the epithelium is taken out but is not replaced following surgical treatment. In other situations, clients will have a gradual improvement in their eyesight. Just before leaving after the procedure, the medical employees will verify that you are responding properly to the treatment. You will be prescribed discomfort medicine if you want it. You will also be supplied with eye drops and further guidance.
Appointments Right after the Surgery & Eye-Care Recommendations
It is vital that you use your eye shields and that you comply with the encouraged recovery timetable, in buy to obtain the greatest final results achievable. You also require to make an hard work to show up at all of your subsequent appointments kyrie 2 monkey year pas cher , as your medical professional ought to confirm the progress of your recovery.
LASIK eye medical procedures can be much less nerve-racking if you are familiar with the process. If you are not sure of nearly anything, make sure that you go over these queries with your medical professional before the surgical treatment.
With all the distinct alternatives obtainable lsgD. Authentic Rob Gronkowski Jersey Authentic Odell Beckham Jr Jersey Authentic Myles Jack Jersey Mitchell Trubisky Womens Jersey Minkah Fitzpatrick Dolphins Jersey Le'Veon Bell Steelers Jersey Lamar Jackson Ravens Jersey Khalil Mack Bears Jersey Kareem Hunt Chiefs Jersey Julio Jones Falcons Jersey