Hundreds of Billions of Housing Enterprises Sunshine City Exploded: Officially Declared Default!

2023, another former 100 billion listed real estate company openly declared default. Sunshine City announced that due to the superposition of macroeconomic environment, industry environment and financing environment, the liquidity of Sunshine City was tense in stages, and the principal of "21 Yangcheng 01" and the interest from January 22, 2021 to January 21, 2023 were not paid in full on time.

But before this, the housing enterprise thunderstorm has been common.

According to incomplete statistics, by the end of 2022, Evergrande, Huaxia Happiness, R & F, Yango City, Blu-ray, Kaisa, Aoyuan, Xinli, Fancy Year, Dangdai Real Estate, Sansheng Hongye, Fusheng, Taihe, Field, Sunshine 100, Derun Chuangzhan, Baoneng Real Estate, Yuetai, Guangyao, Zhonggeng, Zhuoda, Zhengrong, Rongchuang, Greenland, Junfa, Jingrui, Zhongliang, Xiangsheng, Yuzhou, Territory, Rongsheng, Jianye, Longguang, Dafa and other real estate enterprises have been hit by thunderstorms one after another. Sunshine City, the protagonist of

this explosion, is a real estate company listed on the Shenzhen Stock Exchange, with a revenue of 100 billion yuan. As early as 2017-2019

, Yango has entered the threshold of 200 billion real estate enterprises, but the performance forecast for 2022 shows that the net profit loss is 8 billion to 11 billion yuan, and the loss for the same period in 2021 is 6.95 billion yuan.

Sunshine City said that in order to resolve the company's debt risk, the company is making every effort to coordinate all parties to actively raise funds and discuss various ways to solve related problems. At the same time, with the strong support and active coordination of local governments and financial regulators, the company will formulate comprehensive solutions in the short, medium and long term to actively solve the current problems. On the evening of January

31, Sunshine City issued an announcement on the follow-up transfer arrangement of "21 Yangcheng 01". The announcement said that "21 Yangcheng 01" will be renamed "H1 Yangcheng 01" as a specific bond transfer starting date of February 3, 2023, bond maturity of 5 years, the end of the second year and the end of the fourth year with the issuer's option to adjust the coupon rate and the option to invest back.