Guangxi nonferrous metals Bankruptcy uncovering the steel and nonferrous metal industry debt risk co oboni

Guangxi nonferrous metals Bankruptcy: uncovering the steel and nonferrous metal industry debt risk covering Guangxi nonferrous non-ferrous iron and steel industry: uncovering the bankruptcy debt risk, reporter Jin Jiajie, editor of hijab millet after six months to no avail after the reorganization, Guangxi Nonferrous Metals Group embarked on the road to bankruptcy. September 12th, the Guangxi Zhuang Autonomous Region City Intermediate People’s Court of Guangxi Nonferrous Metals Group decided to terminate the reorganization process, and declared bankruptcy of the company. This is the first to control the total amount of mineral resources in the country, with 4 million 500 thousand tons of ore dressing capacity of mining enterprises, the first inter bank bond market issuers in the bankruptcy liquidation of the enterprise. Guangxi nonferrous bankruptcy liquidation, but also opened the tip of the iceberg of excess capacity industry debt risk. Since this year, iron and steel, coal, nonferrous metals and other industries are frequent default risk of bankruptcy. Bohai iron and Steel Group, the steel, coal and other cloud had been in debt risk and bankruptcy crisis, bring liquidity pressure to the enterprise. Downward cycle in the industry, the crowding out effect, Guangxi nonferrous metals have a great influence, was also listed on the plan, but later because asset prices plummeted and did not achieve." A non-ferrous metals industry insiders told reporters. Guangxi Nonferrous Metals Group owned enterprises 23, of which 11 wholly-owned subsidiaries, the group of three enterprises reached 166, in operation, the state-owned assets of mineral resources exploration, mining, ore dressing, smelting and deep processing is equal to one, with tin, zinc, lead, antimony, rare earth and other mineral resources. Since last year, the global economic slowdown, the dollar has led to a strong commodity prices into a bear market, non-ferrous metals enterprises into a business dilemma. In the first quarter of last year, Guangxi nonferrous asset liability ratio has reached 94%. Consolidated financial statements, as of March 31, 2015, total liabilities of 28 billion 286 million yuan, assets of $30 billion 228 million. By April of that year, Guangxi nonferrous metals previously issued 14 GUI colored PPN003, 13 GUI colored PPN001 and the color of the 13 GUI PPN002 are due to fail to honor. According to reports, after the bankruptcy reorganization inventory audit, the total assets of Guangxi nonferrous metals was reduced to 4 billion 286 million yuan, total liabilities increased to $9 billion 290 million, the owner’s equity -50.05 billion yuan, asset liability ratio as high as 216.77%. "The impact of bankruptcy on the market is obvious, in reverse, this is not necessarily a bad thing." The insiders said: "the current non-ferrous industry as a whole is facing pressure from the operating data, serious loss of some enterprises, some business can, in descending cycle, the high cost of enterprises will be squeezed out, Guangxi nonferrous metals may be the first gun in this round of non-ferrous enterprise bankruptcy." Wind statistics show that 108 listed companies, the assets and liabilities of more than 14 enterprises, more than 70%, more than 2 enterprises in more than 90%; there are six companies in the semi annual net profit loss, loss of more than 100 million yuan of more than 4 companies. Debt default or save enterprises since the end of last year, non-ferrous iron and steel industry has almost become the default the hardest hit, behind is due to structural surplus production capacity, the enterprise long-term inefficient backward operation. On October last year相关的主题文章:

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