保利地产净利润增长5成：低成本资金成央企地产龙头竞争利器

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央企_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产_blank class=infotextkey>get=_blank class=infotextkey>龙_blank class=infotextkey>get=_blank class=infotextkey>头_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产（_blank class=infotextkey>get=_blank class=infotextkey>600048.SH）于日前披露了_blank class=infotextkey>get=_blank class=infotextkey>2019年半_blank class=infotextkey>get=_blank class=infotextkey>年度业绩_blank class=infotextkey>get=_blank class=infotextkey>报告。_blank class=infotextkey>get=_blank class=infotextkey>报告_blank class=infotextkey>get=_blank class=infotextkey>期内，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司_blank class=infotextkey>get=_blank class=infotextkey>实现营_blank class=infotextkey>收7_blank class=infotextkey>11._blank class=infotextkey>get=_blank class=infotextkey>21_blank class=infotextkey>get=_blank class=infotextkey>亿元，同比_blank class=infotextkey>get=_blank class=infotextkey>增长19.49%；_blank class=infotextkey>get=_blank class=infotextkey>实现归母净利润_blank class=infotextkey>get=_blank class=infotextkey>99.55_blank class=infotextkey>get=_blank class=infotextkey>亿元，同比_blank class=infotextkey>get=_blank class=infotextkey>增长5_blank class=infotextkey>3._blank class=infotextkey>get=_blank class=infotextkey>28%。

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另一_blank class=infotextkey>get=_blank class=infotextkey>方_blank class=infotextkey>面，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司的_blank class=infotextkey>get=_blank class=infotextkey>资产_blank class=infotextkey>get=_blank class=infotextkey>负债率_blank class=infotextkey>get=_blank class=infotextkey>却在_blank class=infotextkey>近几年_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>不断_blank class=infotextkey>get=_blank class=infotextkey>提升。截止_blank class=infotextkey>get=_blank class=infotextkey>2019年6月末，_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产_blank class=infotextkey>get=_blank class=infotextkey>资产_blank class=infotextkey>get=_blank class=infotextkey>负债率接_blank class=infotextkey>近_blank class=infotextkey>get=_blank class=infotextkey>80%，_blank class=infotextkey>get=_blank class=infotextkey>有息_blank class=infotextkey>get=_blank class=infotextkey>负债_blank class=infotextkey>get=_blank class=infotextkey>超过_blank class=infotextkey>get=_blank class=infotextkey>2700亿，但凭借其_blank class=infotextkey>get=_blank class=infotextkey>融资_blank class=infotextkey>get=_blank class=infotextkey>优势，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司_blank class=infotextkey>get=_blank class=infotextkey>有息_blank class=infotextkey>get=_blank class=infotextkey>负债的_blank class=infotextkey>get=_blank class=infotextkey>综_blank class=infotextkey>合_blank class=infotextkey>get=_blank class=infotextkey>成本_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>不到5%。

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财报_blank class=infotextkey>get=_blank class=infotextkey>显示，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>今年_blank class=infotextkey>get=_blank class=infotextkey>上_blank class=infotextkey>get=_blank class=infotextkey>半年_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产_blank class=infotextkey>get=_blank class=infotextkey>发行了15_blank class=infotextkey>get=_blank class=infotextkey>亿元_blank class=infotextkey>get=_blank class=infotextkey>中期票据，_blank class=infotextkey>get=_blank class=infotextkey>利率为_blank class=infotextkey>3._blank class=infotextkey>get=_blank class=infotextkey>60%。另外，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司还_blank class=infotextkey>get=_blank class=infotextkey>发行5亿_blank class=infotextkey>get=_blank class=infotextkey>美元债券，票_blank class=infotextkey>面_blank class=infotextkey>get=_blank class=infotextkey>利率为_blank class=infotextkey>3.875%。以_blank class=infotextkey>get=_blank class=infotextkey>下为_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司尚未_blank class=infotextkey>get=_blank class=infotextkey>到期债券的_blank class=infotextkey>get=_blank class=infotextkey>发行_blank class=infotextkey>get=_blank class=infotextkey>情况：

_blank class=infotextkey>gn="center">_blank class=infotextkey>g alt="_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产净利润_blank class=infotextkey>get=_blank class=infotextkey>增长5成：低_blank class=infotextkey>get=_blank class=infotextkey>成本_blank class=infotextkey>get=_blank class=infotextkey>资_blank class=infotextkey>get=_blank class=infotextkey>金成央企_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产_blank class=infotextkey>get=_blank class=infotextkey>龙_blank class=infotextkey>get=_blank class=infotextkey>头_blank class=infotextkey>竞争利器" maxwidth="_blank class=infotextkey>get=_blank class=infotextkey>600" src="https://www.fan_blank class=infotextkey>g558.com/uploads/allim_blank class=infotextkey>g/19_blank class=infotextkey>get=_blank class=infotextkey>10_blank class=infotextkey>get=_blank class=infotextkey>28/1_blank class=infotextkey>g444_blank class=infotextkey>get=_blank class=infotextkey>1_blank class=infotextkey>347_0.jpe_blank class=infotextkey>g"/>

从_blank class=infotextkey>get=_blank class=infotextkey>数据_blank class=infotextkey>不难看出_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司的债券_blank class=infotextkey>get=_blank class=infotextkey>利率普遍较低，当期票_blank class=infotextkey>面_blank class=infotextkey>get=_blank class=infotextkey>利率_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>最_blank class=infotextkey>get=_blank class=infotextkey>高为5.5%，_blank class=infotextkey>最低的仅_blank class=infotextkey>get=_blank class=infotextkey>有_blank class=infotextkey>3.19%。_blank class=infotextkey>get=_blank class=infotextkey>报告期末，_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产的_blank class=infotextkey>get=_blank class=infotextkey>有息_blank class=infotextkey>get=_blank class=infotextkey>负债_blank class=infotextkey>get=_blank class=infotextkey>综_blank class=infotextkey>合_blank class=infotextkey>get=_blank class=infotextkey>成本仅约_blank class=infotextkey>get=_blank class=infotextkey>4._blank class=infotextkey>get=_blank class=infotextkey>99%，虽然较_blank class=infotextkey>get=_blank class=infotextkey>上年同期微升0._blank class=infotextkey>get=_blank class=infotextkey>1_blank class=infotextkey>3个_blank class=infotextkey>百分点，但在同_blank class=infotextkey>get=_blank class=infotextkey>行业_blank class=infotextkey>get=_blank class=infotextkey>中仍处低位。

_blank class=infotextkey>get=_blank class=infotextkey>除了_blank class=infotextkey>get=_blank class=infotextkey>能够以较低_blank class=infotextkey>get=_blank class=infotextkey>利率发债之外，另_blank class=infotextkey>get=_blank class=infotextkey>一个_blank class=infotextkey>get=_blank class=infotextkey>主要的_blank class=infotextkey>原因是_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产_blank class=infotextkey>get=_blank class=infotextkey>银行_blank class=infotextkey>get=_blank class=infotextkey>贷款_blank class=infotextkey>get=_blank class=infotextkey>占比_blank class=infotextkey>get=_blank class=infotextkey>高，_blank class=infotextkey>get=_blank class=infotextkey>2019年6_blank class=infotextkey>get=_blank class=infotextkey>月底，其在_blank class=infotextkey>get=_blank class=infotextkey>有息_blank class=infotextkey>get=_blank class=infotextkey>负债_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>中的_blank class=infotextkey>get=_blank class=infotextkey>占比_blank class=infotextkey>get=_blank class=infotextkey>超过7_blank class=infotextkey>get=_blank class=infotextkey>2%。另外，截至_blank class=infotextkey>get=_blank class=infotextkey>2019年6月末，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司_blank class=infotextkey>共_blank class=infotextkey>获得的授_blank class=infotextkey>get=_blank class=infotextkey>信总额_blank class=infotextkey>合计5_blank class=infotextkey>get=_blank class=infotextkey>100_blank class=infotextkey>get=_blank class=infotextkey>亿元。其_blank class=infotextkey>get=_blank class=infotextkey>中，已_blank class=infotextkey>get=_blank class=infotextkey>使用授_blank class=infotextkey>get=_blank class=infotextkey>信额度_blank class=infotextkey>get=_blank class=infotextkey>2_blank class=infotextkey>get=_blank class=infotextkey>2_blank class=infotextkey>34_blank class=infotextkey>get=_blank class=infotextkey>亿元，_blank class=infotextkey>get=_blank class=infotextkey>剩余未_blank class=infotextkey>get=_blank class=infotextkey>使用授_blank class=infotextkey>get=_blank class=infotextkey>信额度为_blank class=infotextkey>get=_blank class=infotextkey>2866_blank class=infotextkey>get=_blank class=infotextkey>亿元。

除此之外，_blank class=infotextkey>get=_blank class=infotextkey>7月_blank class=infotextkey>3日_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产_blank class=infotextkey>收到证监_blank class=infotextkey>get=_blank class=infotextkey>会出具的《_blank class=infotextkey>get=_blank class=infotextkey>关于核准_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>发展_blank class=infotextkey>控股_blank class=infotextkey>get=_blank class=infotextkey>集团_blank class=infotextkey>get=_blank class=infotextkey>股份_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>有_blank class=infotextkey>get=_blank class=infotextkey>限_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司向_blank class=infotextkey>合格_blank class=infotextkey>get=_blank class=infotextkey>投资者_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公开_blank class=infotextkey>get=_blank class=infotextkey>发行_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司债券的批复》（证监_blank class=infotextkey>get=_blank class=infotextkey>许可【_blank class=infotextkey>get=_blank class=infotextkey>2019】_blank class=infotextkey>get=_blank class=infotextkey>10_blank class=infotextkey>30号），核准_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司向_blank class=infotextkey>合格_blank class=infotextkey>get=_blank class=infotextkey>投资者_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公开_blank class=infotextkey>get=_blank class=infotextkey>发行_blank class=infotextkey>面值总额_blank class=infotextkey>不_blank class=infotextkey>get=_blank class=infotextkey>超过1_blank class=infotextkey>get=_blank class=infotextkey>50亿元的_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公司债券。

_blank class=infotextkey>get=_blank class=infotextkey>总_blank class=infotextkey>get=_blank class=infotextkey>体来看，_blank class=infotextkey>get=_blank class=infotextkey>2019年_blank class=infotextkey>get=_blank class=infotextkey>上_blank class=infotextkey>get=_blank class=infotextkey>半年_blank class=infotextkey>get=_blank class=infotextkey>保利_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>地产的业绩_blank class=infotextkey>get=_blank class=infotextkey>大幅_blank class=infotextkey>get=_blank class=infotextkey>增长，_blank class=infotextkey>get=_blank class=infotextkey>除了_blank class=infotextkey>get=_blank class=infotextkey>签约_blank class=infotextkey>get=_blank class=infotextkey>销售额、_blank class=infotextkey>get=_blank class=infotextkey>销售_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>面积_blank class=infotextkey>以及_blank class=infotextkey>get=_blank class=infotextkey>回笼_blank class=infotextkey>get=_blank class=infotextkey>资_blank class=infotextkey>get=_blank class=infotextkey>金增_blank class=infotextkey>get=_blank class=infotextkey>多的因素以外，另_blank class=infotextkey>get=_blank class=infotextkey>一个_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>重要的因素或许仍是凭借其央企_blank class=infotextkey>get=_blank class=infotextkey>身份，_blank class=infotextkey>get=_blank class=infotextkey>能够以较低的_blank class=infotextkey>get=_blank class=infotextkey>成本_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>获取_blank class=infotextkey>get=_blank class=infotextkey>资_blank class=infotextkey>get=_blank class=infotextkey>金。（JW）