Pull out the steel debt first restart overcapacity in state-owned enterprises into the focus of fina freyja

The steel pull out the first state-owned enterprise debt first restart overcapacity in state-owned enterprises into the focus of Sohu Financial Securities Times reporter Kang Yin troubled debt default Sinosteel become a new round of market debt, the program has been approved. Securities Times reporter combing found that industry of the central enterprises and state-owned enterprises overcapacity will become a potential goal of the current round of debt. According to the State Ministry in August this year released "on the comprehensive utilization of the standard according to the law to promote the backward production capacity out of the guidance (Draft)", iron and steel, coal, cement, electrolytic aluminum, flat glass industry will become the focus of the elimination of backward production capacity. Statistics show that, in accordance with the SWS industry classification, semi annual report in 2016, iron and steel, aluminum, cement, glass and coal asset liability ratio reached 67.73%, respectively, 64.12%, 54.47% and 54.02%. Haitong Securities analyst Jiang Chao pointed out that the excess industry leading enterprises will be the focus of a new round of debt, the central enterprises and provincial state-owned enterprises is the main object of debt to equity. According to earlier media reports, is expected for the debt to equity swap enterprises include: the difficulties caused by the cyclical fluctuations in the industry, but is expected to reverse the enterprise; growth type enterprise, high debt financial burden for the excess capacity in the industry leading enterprises, and relates to the national security strategic enterprises; but does not include the zombies, malicious taofeizhai enterprise, may contribute to the excess capacity of the enterprise. With a certain management ability, but the operating efficiency of the historical debt burden of the impact of larger enterprises, should be the main object of debt to equity swap. The recent case involving debt, China Steel Group, Bohai iron and steel, Dongbei special steel are the steel industry overcapacity. In fact, the 2016 semi annual report data show that the steel industry average asset liability ratio was 67.73%, topped the top of the excess industry. Listed companies in the steel industry, there are 16 companies in 2016 semi annual report of the asset liability ratio is higher than the industry average. The *ST steel, *ST Shaogang, Xining steel, Chongqing iron and steel, Valin Iron & steel, Fushun special steel, Anyang iron and steel, nanganggufen asset liability ratio was above 80%. The 16 high debt steel enterprises, in addition to actual control of human nanganggufen fuxingxi Guo Guangchang, the rest are the central and local state-owned enterprises holdings. Among them, *ST and *ST of Shaoguan WISCO 3 actual control of human SASAC, Xining special steel and other steel enterprises steel prices is high debt for local SASAC holding. The drop in profitability, high debt and debt default and other state-owned enterprises, once encountered difficulties, it needs "debt" of this tool. In September 13th, the CBRC Chairman Shang Fulin has said that the financial support of local Asset Management Co, Asset Management Co steel coal industry backbone enterprises to carry out market-oriented debt. Another concern is the coal industry. 2016 semi annual report data show that the coal industry average asset liability ratio was 54.02%, an increase of 0.8%. The coal industry listed companies, 23 companies in 2016 semi annual report of the asset liability ratio is higher than the industry average, including *ST, *ST, *ST gas black flowers, *ST coal, *ST Yin Shan相关的主题文章: