######################## \u003cdiv class="rich_media_content"\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_0--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="pgc-p syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="pgc-p syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="pgc-p syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e记者丨李惠琳 鄢子为 编辑丨鄢子为\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e福建泉州许氏家族，化债迎来关键进展。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e12月2日，世茂集团董事会主席许世坛，签发一份公告，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e79%的债权人已加入或同意加入“境外债务重组计划”\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e获得75%以上的债权人支持，意味着其境外债务重组，符合进入法庭程序的要求。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e悬在头上的危机，暂时解除，同日，清盘世茂的呈请已被撤销。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e早先，建设银行（亚洲）向香港法院对世茂提出清盘，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e涉及财务义务金额约为15.8亿港元\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e许世坛心中一块石头落了地。9月，其父亲\u003c!--SECURE_LINK_BEGIN_0--\u003e许荣茂\u003c!--SECURE_LINK_END_0--\u003e退休，47岁的他正式接过担子。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e新掌舵人带领这家 “闽系”豪门，闯过一关。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e“行情回暖，有利于改善房企后续销售、资金状况，利于推进债务重组。”上海易居房地产研究院副院长严跃进向《21CBR》记者分析。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c!--MID_AD_0--\u003e\u003c!--EOP_0--\u003e\u003c/p\u003e\u003c!--MID_ARTICLE_AD_0--\u003e\u003c!--PARAGRAPH_0--\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: left; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e等待重组\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e相比其他房企，许家的境外债重组过程，较为顺利。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e2023年底，世茂才给出方案，现今达成重组条件，历时不到一年。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_1--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e涉及重组的境外债总额超800亿元人民币，包括68亿美元的优先票据、21亿美元及204亿港元的境外银行和金融机构借贷。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e初步方案提供四个选项，包括短期工具、长期工具、强制可换股债券以及不同工具的组合，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e目标削债约60亿-70亿美元\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e许家表达了最大诚意。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e许荣茂通过自家公司，向世茂及其附属公司，分别提供39.63亿港元、38.39亿港元的贷款。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_2--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e市场回暖，债务重组进展加快。10月，约过半债权人加入支持计划，两个月后，比例提升至79%。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e于许家父子而言，若计划成功，短期资金压力有望缓解。长期来看，偿债负担依然重。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e截至6月底，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e\u003c!--SECURE_LINK_BEGIN_1--\u003e世茂集团\u003c!--SECURE_LINK_END_1--\u003e总负债为4610亿元\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e，其中，有息借贷高达2566亿元，一年内到期的有1533亿元。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e其账上现金，只剩187亿元，扣除受限制现金与预售监管资金后，能用的仅68.7亿元。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_3--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e按照去年的消耗速度，这笔钱仅能覆盖1年4个月的员工成本。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e手头捉襟见肘，许世坛不得不二度违约。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e2023年6月，世茂附属公司世茂建设，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e获得债权人同意，实现143.5亿元的长期债券展期\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e今年5月，由于销售下滑，世茂资金压力大，无法兑付到期的首期本金，计划将多只债券再次展期。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e现年74岁的许荣茂，过往三年隐居幕后，在官方新闻中罕有现身。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e在台前苦撑局面的，一直是许世坛，正式接管董事局后，世茂后续的化债之路，只能由他勉力推进。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: left; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e多方补血\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e于许世坛而言，当下最紧迫的问题，是获取更多现金流。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e去年，世茂预测，2023-2033年期间，现金流净额约为每年40亿元-400亿元，主要源自开发项目、酒店以及商业运营等业务。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_4--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e这一预测，过于乐观。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e其收入大头，来自房产开发业务。行业复苏缓慢，销售额萎缩。商业运营、酒店业务贡献又小，1-6月，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e两者合计入账19亿元，不足总收入的一成\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c!--MID_AD_1--\u003e\u003c!--EOP_1--\u003e\u003c/p\u003e\u003c!--MID_ARTICLE_AD_1--\u003e\u003c!--PARAGRAPH_1--\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e自2021年以来，世茂经营活动产生的现金流净额，均为负数。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: center; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e为了回笼资金，许家频繁出售资产变现。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e2022年至2023年，世茂变卖上海市黄浦路土地、广州亚运城项目、上海外滩茂悦大酒店、北京分钟寺项目等资产。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e今年，再次推进资产处置。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e8月，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e世茂以5.96亿元出售厦门集美区综合体项目\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。本次交易预期亏损3.12亿元，所幸，项目公司的债权3.7亿元，得以清偿。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_5--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e许家用于融资的抵押物，部分被债权人以法拍的形式处置。比如11月，杭州世茂栖棠誉湾项目被中华华能拍下，接盘价约23亿元。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c!--MID_AD_2--\u003e\u003c!--EOP_2--\u003e\u003c/p\u003e\u003c!--MID_ARTICLE_AD_2--\u003e\u003c!--PARAGRAPH_2--\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e深圳世茂深港国际中心的12宗地块，被视为“压箱底货”，被中信信托两次拍卖，起拍价从130亿元降至104亿元，尚未等到接盘方。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c!--MID_AD_3--\u003e\u003c!--EOP_3--\u003e\u003c/p\u003e\u003c!--MID_ARTICLE_AD_3--\u003e\u003c!--PARAGRAPH_3--\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e降债缩表，取得一定进展。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e截至6月末，世茂总资产为4855亿元，较高峰期缩表超1400亿元，其中债务减少750亿元左右。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_6--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e在项目层面，世茂积极引入“活水”。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e截至6月末，其有24个房地产项目，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e被列入地方政府白名单，已申请贷款5.04亿元\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e，其中约1.39亿元获批。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e“一些地方政府推出专项债收购存量土地，有助于房企盘活资产，丰富偿债资金来源。”严跃进认为，政策起到积极作用。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: left; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e顶压前行\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e许荣茂、许世坛父子，合计持有63.88%的股份，是世茂集团实际控制人。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e接管家业的许世坛，科班出身，拿到英国\u003c!--SECURE_LINK_BEGIN_2--\u003e格林威治大学\u003c!--SECURE_LINK_END_2--\u003e的房地产硕士学位，很早就进入家族企业历练，拥有逾25年的物业发展和管理经验。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_7--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e和他打配合的，是赵军，于9月升任执行董事，管财务。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e处理棘手的债务，是许世坛团队的难题。1至6月，光融资成本就要86.3亿元。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e经营状况亦不容乐观，上半年，\u003c/span\u003e\u003c/span\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e公司亏损扩大至226.68亿元，同比增加88%\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e新管理层顶压前行。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e“积极推进境内外债务重组工作，推动债务化解，与债权人开展沟通协商。”许世坛在《总裁报告》里写道。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e他定下审慎的经营策略——暂停拿地，精细化管理存量项目，盘活内部资产，以实现资产价值最大化。全员勒紧裤腰带，薪酬成本上半年减少3个亿，广告费也砍了1.7亿元。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="text-align: center" data-exeditor-arbitrary-box="image-box"\u003e\u003c!--IMG_8--\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e保交付，是头等大事。1至10月，世茂累计合约销售总额约为284.5亿元，销售总面积为222万平米。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cstrong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e多元业务，协同发力\u003c/span\u003e\u003c/span\u003e\u003c/strong\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e上半年，做物业管理的世茂服务，利润率提升，收入为40.3亿元，毛利润8.12亿元；世茂酒店业务的收入逆势上涨，入账10.7亿元。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c!--MID_AD_4--\u003e\u003c!--EOP_4--\u003e\u003c/p\u003e\u003c!--MID_ARTICLE_AD_4--\u003e\u003c!--PARAGRAPH_4--\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: center; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e主业亦有转暖迹象。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e从7月开始，世茂的单月销售额止跌回升。10月，世茂合约销售面积为25.6万平米，相较9月，多了2.5万平米。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 20px; margin-left: 0px; margin-right: 0px; margin-top: 20px; padding: 0px; text-align: justify; text-indent: 0px"\u003e\u003cspan style="letter-spacing: 1.5px"\u003e\u003cspan style="font-size: 18px"\u003e\u003cspan style="color: rgb(62, 62, 62)"\u003e\u003cspan style="background-color: rgb(255, 255, 255)"\u003e债务重组告一段落，风浪暂歇，许世坛执掌的世茂大船，等待止损再启航的一天。\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 18px; margin-left: 0px; margin-right: 0px; margin-top: 18px; padding: 0px; text-align: justify; text-indent: 0px" class="syl-page-br"\u003e\u003c/p\u003e\u003cp style="background-color: rgb(255, 255, 255); margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 20px; 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