[TechWeb] July 6 news, the Shenzhen Stock Exchange listed company BYD announced on last night, total new RMB loans 13.877 billion yuan, more than 20% of the net assets of the previous year.
BYD announcement Screenshots
Notice that, as of June 30, 2019, BYD Company Limited (the "Company") consolidated basis (hereinafter the same) total new loans 13.877 billion yuan more than in 2018 audited net assets of 60.694 billion yuan of 20 %. Basis of "corporate bond issuance and transaction management approach", "Bond Listing Rules of Shenzhen Stock Exchange (revised 2018)", "the daily supervision of corporate bonds Q (e)" and other regulations, the company total new year 2019 borrowing announced as follows:
First, the main financial data overview
(A) December 31, 2018 net assets (audited): 60.694 billion yuan;
(Ii) December 31, 2018 loan balance (including the issuance of debt financing instruments) (Audited): 64.692 billion yuan;
(C) June 30, 2019 loan balance (including the issuance of debt financing instruments) (unaudited): 78.569 billion yuan;
(D) in January 2019 to June total new loan amount (unaudited): 13.877 billion yuan;
(E) total new loans accounted for at the end of 2018 audited net assets ratio: 22.86%.
Second, the new loan classification Disclosure
(A) net new bank loans: 11.003 billion yuan, accounting for 18.13 percent at the end of 2018 audited net assets;
(B) corporate bonds, corporate bonds, financial bonds, non-financial corporate debt financing instruments net new: 991 million yuan, accounting for 1.63% at the end of 2018 audited net assets;
(C) entrusted loans, financial leasing loans, small loans net new: RMB -0.59 billion yuan, accounting for year-end 2018 audited net assets of -0.10%;
(D) Other net new borrowing: 1.942 billion yuan, accounting for 3.2% at the end of 2018 audited net assets.
Third, the impact of new borrowing this year solvency analysis
BYD, said the new loan is due to the company's actual business development needs, the company belongs to the scope of normal business activities.
As of the issue date of this announcement, the company operating a robust condition, the overall business situation is normal, the above-mentioned new loan will not have a significant adverse impact on the company's solvency. The company will pay the principal and interest of debt maturity schedule based on reasonable scheduling allocation of funds to ensure the regular payment of interest and principal due.
Above financial data for the calculation of consolidated basis, in addition to net assets in 2018 and 2018 year-end balance of loans through the external audit, other are unaudited, please investors.
Friday's close, BYD (SZ: 002594) shares rose 0.04 percent to 53.26 yuan, the total market value of about 145.301 billion yuan.