China Baoan Hainan Hawker Farm "subsidized household"

China Baoan yesterday announced that it is proposed to sell Hainan Xin ' an farm at 73.29 million Yuan price. So far, China Baoan has sold three of its four farms in Hainan in just two months.　　As since the listing has been rooted in Shenzhen, Hainan Two old real estate developers, China Bao ' an action is really as if the outside world speculation is to withdraw the Hainan?　　Yesterday, the company's people in the interview, but revealed new information. This year, China Bao ' an sale of three farms are Xin an farm, Hon Ann Farm and Sheng-an farm, the transfer price is 73.2888 million yuan, 40.5693 million yuan and 69.5637 million yuan respectively. The company's investment in these three farms is 10 million yuan, 2 million yuan and 2 million yuan respectively. Thus, three trading companies received a profit of 138 million yuan.　　After the sale of these three farms, Baoan in Hainan's agricultural investment business is only one place, the other company engaged in agricultural production of Hainan Baoan Agriculture and Forestry Development Co., Ltd. shares also due to the sale of Xin an farm and fell to 60%.　　So big sale Hainan business, what is the real intention of China Bao ' an? Yesterday, the company related Personage said, the company main business is new technology, medicine and real estate, sell the farm only to withdraw money. Despite the macro-control, the real estate as an important part of the development of the company is not changed. At the same time, Bao ' an is increasing its investment in new energy.　　In March this year, the company used cash to the subsidiary Betry New Energy materials to increase the capital of 133 million yuan. It is understood that at present, China Baoan in Hainan's business in addition to agricultural investment, more major business for real estate, in Hainan also has a number of real estate companies, including the subsidiary of the National Treasure Group Hainan Industrial Co., Ltd. control Wenchang Baoan Real Estate Development Co., Ltd. 95%　　Equity and Wanning Baoan Real Estate Development Co., Ltd. 96.43% equity. In this case, China Baoan will be a non-core business, enjoy the benefits of land appreciation may become understandable. Yesterday, the company's head also said that the sale of the proceeds of the farm has not been determined, and it is not sure whether the follow-up plans to continue to sell the king-Ann Farm to replenish funds.　　The company's quarterly report shows that the net increase in cash and equivalent amounts is as high as $1.05 billion, but the net amount of cash flow for operating activities in the reporting period is 296 million yuan, while the net cash flow of fund-raising activities reaches 900 million yuan, of which the cash received by the borrower is as high as 1.434 billion yuan. Company related Personage said, the company in Hainan's main real estate project has three, one of them basically sold out; while the Wanning baoan development of "Coconut Grove Bay" Phase I and He Feng real estate development "Binhai Hao Court" is basically also in the sales status. This means that these three projects are basically at the end of the development cycle.　　Moreover, the company in Wuhan, Shandong and Xinjiang have new projects in the preparatory stage, at the same time, the company is also looking for suitable land reserves. Last August, China's Baoan started its first financing in 14 years, and this February, the revised directional additional funding for 950 million yuan, used to include"Coconut Grove Bay", "Marina Hao Court" and Wuhan "Landscape Dragon Five" a total of three projects, including real estate development. The scheme has not yet been approved by the CSRC, but property controls and property stocks have fallen sharply since. Just yesterday, Shimao shares had decided to suspend the 2 billion-directional additional offerings launched last July 14.