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10 related reports
There are hidden risks behind the rapid expansion of OCT in tourism real estate.

Ni Zheng, general manager of the investment development department of OCT Group, said that the debt ratio of OCT around 70% is actually not high. OCT's operating cash flow is positive, and the short-term debt pressure is not great, so the company's financial pressure is not as serious as the outside world imagined.

In fact, since 20 12, OCT has successively signed cooperation framework agreements with Fuzhou, Shenzhen Dapeng New District and Ningbo Yinzhou District. According to the official announcement statistics of OCT, the investment of the three contracted projects is not less than 654.38+0 billion, 30 million and 654.38+0 billion respectively.

Moreover, according to OCT A's third-quarter financial report, the company's monetary fund was 7.83 billion, short-term loan was 6.8./kloc-0.0 billion, long-term loan was 6.5438+0.969 billion, and the company's operating cash flow was 3.796 billion yuan. The debt-to-equity ratio is as high as 103%.

OCT's 35.9 billion inventory accounts for half of its total assets, and its inventory turnover rate has dropped to 0. 14.

According to the report of the third quarter of 20 12, as of September 30th, 20 12, the inventory of OCT reached 35.98 billion, which was more than half of the total assets of 70.4 billion at that time, and its inventory turnover rate also showed a downward trend year by year, from 1. 10 in 2009 to 20/kloc.

OCT will build 20 theme parks to cope with Disney.

"In 20 13 years, we will continue to pay attention to three new cities, while paying due attention to key regions and cities to explore opportunities for developing new projects. The company's future goal is to achieve the number of theme parks owned and operated by 20. When talking about how to face Disney's challenges in the future, Yao Jun, vice president of OCT, said that Disney would take a "face-to-face approach" to deal with Disney's entry into China in order to maintain its advantages in the national layout.

/kloc-the true meaning of tourism real estate in 0/0.

Let's focus on Huang Nubo and OCT. In fact, they represent the two extremes of tourism real estate. We can even say that there are only two ways to play tourism real estate. One is the tourist play represented by Huang Nubo Zhongkun Group, that is, people who have leisure time and spending power are moved to attractive tourist destinations to win space with time, which belongs to tourism real estate relying on existing natural and human resources. Not only Iceland, Zhongkun Group has been looking for attractive resources all over the world to build its own global holiday website. It is not afraid of the long journey, the fear that you will not come, and the fear that its resources are not attractive. The other is the way to deal with tourism products represented by OCT, that is, to move attractive tourism projects to people who have spending power but limited leisure time, and exchange space for time, which belongs to tourism real estate, an artificial theme relying on the existing market. OCT is also expanding in different places, but what OCT values is not the value of local tourism resources, but the market consumption capacity. As long as the market space is large enough and there is growth potential, OCT will make up a small town story and stage a big drama for you at all costs.

The second expansion of OCT is aimed at Ningbo, a city with a line of 1.5, and the project is about to start.

Challenges under the heavy pressure of OCT policy: the major shareholder 6.6 billion bought four plots of land in Shenzhen.

On the evening of May 65438+4, 2065438, OCT announced that its wholly-owned holding company, Shenzhen OCT Real Estate Co., Ltd., intends to acquire four plots and development rights of OCT Group in Nanshan District, Shenzhen, with a total transaction price of about 6.626 billion yuan.

The proposed 2 19 hectare theme park of Zhaoshan Project in Xiangtan OCT has been basically finalized.

JW Wanhao OCT builds Yangzonghai Resort Hotel, which opened at the end of 20 14.