Taihe replied to the Shenzhen Stock Exchange's inquiry: the overdue debts reached 44.49438 billion yuan, most of which were trusts.

After two extensions, on the evening of July 7, Taihe Group (000732. SZ) issued a reply announcement on the "2020 Annual Report Inquiry Letter" of Shenzhen Stock Exchange.

Taihe Group said that as of June 20021and 18, the company had overdue loans of 4,4491billion yuan, and the types of financial institutions borrowed included trusts, funds, banks, four major asset management companies and domestic and foreign bonds, most of which were trusts; The estimated amount of accrued liabilities is 4.782 billion yuan.

Specifically, the company's overdue loans since 2020 are as follows: as of 20201October 23, the company's overdue loans amounted to 48.765438 billion yuan; As of June 65438+February 3, 20201,the overdue loan amount of the company was 39.850 billion yuan; As of 202 1, 3 1, the overdue loan amount of the company was 45.594 billion yuan; By April 30th, 20021year, the overdue loan amount of the company was 4,365,438+55 million yuan.

Regarding the main reasons for the change of overdue loans, Taihe Group said that the decrease in the amount of overdue loans was caused by signing framework agreements, debt restructuring agreements and loan extension agreements with some creditors; As of the relevant time node, the company still has some newly-increased debts due and has not reached an extension agreement with relevant creditors, resulting in an increase in overdue loans.

In addition, as of June 18, Taihe Group's debt that the company could not fulfill its guarantee obligations due to the overdue guarantor was about 57170,000 yuan.

For the solution, Taihe Group said that at present, the company and all borrowers are actively communicating with relevant creditors to negotiate a proper solution for each debt through financing replacement, debt extension, extension and repayment in batches. The monetary funds frozen in the above matters totaled 249 million yuan, accounting for 8.49% of the company's total monetary funds; The frozen assets totaled1071800 million yuan, accounting for 4.94% of the company's total assets; The frozen net assets totaled 4.952 billion yuan, accounting for 24.68% of the company's net assets.

Taihe Group believes that the above-mentioned frozen assets and net assets are relatively small compared with the total amount of the Group, and there is no situation in which major bank accounts are frozen, and there is no situation in which the company's production and business activities are seriously affected and it is expected that it will not return to normal within three months, and other risk warnings are implemented in accordance with the provisions of the Stock Listing Rules.

Taihe Group said that the company's debts due in 20021year were 3186.6 million yuan, including 3172.6 million yuan in the first quarter and 0/40 million yuan in the third quarter. By type, bank loans amounted to 3.585 billion yuan, accounting for11.25%; Trust accounts for 665,438+72 million yuan, accounting for19.37%; Asset management accounted for 65.438+0.26 billion yuan, accounting for 3.95%; Corporate bonds accounted for 20.848 billion yuan, accounting for 65.42%. As of June 65438+February 3, 20201,the company's unpaid interest was 7.598 billion yuan.

Regarding the source of debt repayment funds, Taihe Group said that the company's debt repayment funds mainly come from the sales receipts of developed real estate projects. As far as the liquidity of the company's assets is concerned, inventory accounts for about 70% of the company's total assets, mainly for real estate development projects. By the end of May, the developable building area of the land reserve held by the company was about 9,238,700 square meters; Secondly, the company's debt repayment funds come from the realization of the company's self-sustaining property projects. At present, the self-owned property project 18 involves shopping centers, LOFT, shops, office buildings, garage parking spaces, underground businesses, outdoor pedestrian streets and other formats. By the end of 2020, the fair value of these assets was about 25,654.38 billion yuan, with a construction area of about 890,000 square meters. Kempinski and the hotel are operating.

In terms of capitalization of loan interest, the data disclosed by Taihe Group show that in 2020, the capitalization amount of loan expenses was 8.388 billion yuan, which was1252 million yuan in 20 19, and the interest capitalization rate was 8.38%, which was 10.03% in 20 19. The main reason is that the company repaid the loans of relevant financial institutions in 20 19 and 2020, and the average interest-bearing debt in 2020 was 95.797 billion yuan, which was 21172.7 billion yuan lower than the average interest-bearing debt in 20 18. The company extended the debt to relevant financial institutions, and the corresponding financing interest rate also declined to some extent after the extension. The comprehensive impact leads to a decrease in capitalized interest and interest capitalization rate in 2020 compared with 20 19.

It is worth noting that in this reply, Taihe Group stated that Vanke Group's shareholding in the company, "The controlling shareholder of the company has set the preconditions for share transfer in this share transfer framework agreement. Up to now, the relevant preconditions in the above agreement have not been fully met. "

As of the close of the 7th, Taihe Group reported 2.35 yuan/share, down 1.26%.