Commercial City liquidity pressure transducer 1.1 billion credit collateral News Channel _ _ net _ Chinese accounting perspective is required accountants - CPA | Certified Tax | Accounting titles | Senior Accountant | Accounting practitioners

The original title: commercial city liquidity to challenge the property to be mortgaged For 1.1 billion credit Author: Yue Qi Xiao Daming 10 Behind this behavior is the commercial city long-term business dilemma has not been fundamentally improved reality. Commercial City in the announcement that the company intends to own And land use rights as collateral, at the same time to hold 90.82% stake in Tiexi department store pledge, to Apply for a comprehensive credit line, the total amount of 11.2 billion yuan, a period of one year. The final credit line is related to the duration Prevail. Business city is not the first time to Bank to apply for credit, the same announcement shows that in 2016 when the commercial city had to apply for RMB 14 billion credit line Shengjing Bank, the term of three years. But after the approval of Shengjing Bank, the actual approval of RMB 1 billion credit line, the period of one year. As this credit line is about to expire, the commercial city said that according to the actual situation of the company and business development needs to continue to apply for credit. It is worth noting that the value of the property used for the guarantee is not low. Which contains 103,400 square meters of real estate, the book value of 960 million yuan; 15,600 square meters of land use rights, the book value of 330 million yuan. Both a total of 1.289 billion yuan. More worth mentioning is to pledge Tiexi department store equity, Reporters found that for the commercial city, Tiexi department store can be described as its business "fortress". 2016 years Show that the main statistics of the year holding, a total of five shares of the company, the profit situation were: trade companies to achieve net profit of more than 500,000 yuan, Tiexi Department Store received 5.24 million yuan net , The remaining three companies are losses. Commercial City also believes that Tiexi department store is an important source of its profits. 2016 commercial city business For 967 million yuan, of which Tiexi department store revenue of more than 500 million yuan, accounting for more than 50%. From the asset value, the company 2017 semi-annual report shows that Tiexi department store net assets of 286 million, while the remaining four major holdings of the company's net assets of negative 1832 million to 319 million between the range. In recent years, the commercial city several times mortgage Get credit line. In December 2016, the commercial city will be its business floor of the 7th floor and business building two Collateral to Shengjing Bank received a total of 1 billion yuan credit line. Earlier in 2015, the commercial city will Tiexi department store real estate mortgage twice , Access to over 300 million yuan credit line. "Daily Economic News" reporter found that the first half of this year, the commercial city of fixed assets at the end of the balance of 1.123 billion yuan, while Or the right to use the fixed assets of more than 10 billion yuan, the reasons are limited to apply for credit for collateral. Repeated access to funds is behind the company's liquidity tension. 2014 to the first half of this year, the commercial city as well as Decreased from 0.31 and 0.25 to 0.10 and 0.05, respectively. This year's semi-annual report shows that its Has been less than The And in this case to apply to the credit line due to only one year, the use of these lines will directly affect the short-term The In addition, from the operating performance level, the commercial city has also come to a critical node. As a result of 2016 losses, previously due to two consecutive years of loss "Phi Star hat" commercial city in this year to achieve a "hat." Reporters comb found that from 2006 to 2016, the commercial city of positive performance for all the year mainly rely on non-recurring gains and losses. In the first half of this year, the commercial city deduction non-return home after the net profit is still negative, relying on the transfer of shares of Shengjing Bank to obtain positive performance. If the operating surface does not occur fundamentally change, the commercial city of the crisis is still difficult to lift. In 2016, the commercial city in the announcement said: "Shenyang consumer market Store business model homogenization of the seriousness of the company and the historical debt of the heavy operating income brought about by the decline in performance so that the company operating pressure, coupled with the domestic economy, especially the district The slowdown in the development of slow growth, consumption sluggish, the company is facing unusually intense and brutal competitive environment. " In 2016, in order to alleviate the pressure of debt repayment, Commercial City was once to be Tiexi Department Store shares sold, but subject to the previous agreement to obtain credit for the agreement, failed to get Shengjing Bank, etc. The consent of the man. In addition, the commercial city in 2016 originally proposed by additional , Into the car rental business, but the issue of additional issues due to the underlying business sustained profitability has significant uncertainty and other reasons, was Not approved. October 17 afternoon, commercial city office secretary told the "Daily Economic News" reporter, the company's operating situation has not changed, there is no new restructuring plan for disclosure. In the case of