Debt accounted for 84% of capital, unfavorable money stream was practically 8,000 billion dong

In the system of actual property companies in Vietnam, Hung Thinh Group may be thought of as a “big man” with an intensive ecosystem with greater than 100 initiatives, greater than 4,500ha of land fund stretching from North to South.

Referring to Hung Thinh Group, it may be talked about that the ecosystem consists of member corporations corresponding to Hung Thinh Quy Nhon Entertainment Services Joint Stock Company with the MerryLand Quy Nhon tremendous mission with a complete funding capital of part 1 as much as to 57,000 billion VND (about 2.5 billion USD), scale of 695 ha; Hung Thinh Land – the unit that has been and continues to obtain the switch of the whole actual property growth section of Hung Thinh Group; Hung Thinh Incons (HOSE: HTN) is a well known listed firm on the inventory change…

Given its dimension and place, the monetary potential of Hung Thinh Group is all the time a subject of public curiosity, nonetheless, little or no info concerning the monetary well being of Hung Thinh Corporation is talked about.

Debt accounts for 84% of capital

By the tip of 2021, Hung Thinh Group’s complete belongings are about VND 37,838 billion, up 32% in comparison with the start of the yr. In which, short-term belongings reached 24,864 billion dong and long-term belongings reached 12,974 billion dong. On the opposite aspect of capital, as of December 31, 2021, Hung Thinh Group’s liabilities had been about 31,830 billion VND, a rise of greater than 5,300 billion VND after 12 months, accounting for 84% of capital and 5 occasions larger than fairness capital. possess.

Notably, monetary debt of Hung Thinh Group skyrocketed from VND 913 billion in 2020 to VND 7,388 billion in 2021, equal to a rise of 709%, greater than VND 6,000 billion after solely 12 months. It is thought that these are primarily associated celebration loans. For instance, Hung Thinh Corporation borrowed VND 3,243 billion from Indec Construction, VND 2,006 billion from Song Tien Real Estate Development Joint Stock Company.

In addition, the tax and state debt of Hung Thinh Group additionally swelled to VND 589 billion on the finish of final yr, a rise of greater than VND 550 billion in comparison with the tip of 2020. Owner’s fairness of Hung Thinh Group as of December 31, 2021. reached VND 6,008 billion, up 176% in comparison with the start of the yr.

Negative money stream weighs practically 8,000 billion dong

At the tip of 2021, Hung Thinh Group recorded income of about VND 4,184 billion, up 190% over the identical interval. Revenue construction exhibits that income from actual property enterprise accounted for 59% (VND 2,473 billion), income from building contracts accounted for 29% (VND 1.12 billion), income from service provision accounted for 12%. ..

However, the price of items offered is excessive, making the gross revenue of Hung Thinh Group in 2021 to greater than 800 billion dong. Therefore, income from monetary actions of as much as VND 734 billion turns into the lifeline, contributing to the revenue of Hung Thinh Group in 2021 reaching practically VND 132 billion.

Financial revenue of Hung Thinh Group consists of such gadgets as revenue from funding switch (VND 500 billion); funding cooperation revenue (118 billion dong); curiosity on financial institution deposits and loans 114 billion dong; dividends 1.7 billion dong.

However, the monetary well being of Hung Thinh Group additionally appeared many noticeable “ripple points”, when the web money stream from enterprise actions of Hung Thinh Group was unfavorable to VND 7,643 billion, in distinction to the determine of three,912 billion VND 1 yr in the past. Not to say, internet money stream from funding actions of Hung Thinh Group was additionally unfavorable 3,478 billion. It is thought that in 2021, companies actively spend on loans and purchase debt devices of different entities practically 3,609 billion VND.