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图表115.从经营性现金流情况来看,5家暴雷房企中正荣、泰禾、禹洲连续2-3年出现净流出,未暴
图表115.从经营性现金流情况来看,5家暴雷房企中正荣、泰禾、禹洲连续2-3年出现净流出,未暴
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图片尺寸:1948*928
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所属报告:
房地产行业暴雷房企区域性研究系列之闽系篇:激进扩张和过度融资埋下隐患政策收紧市场遇冷成为危机爆发的导火索-220520(67页).pdf
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SpaceX现金流和资本开支(亿美元)
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行业数据
2026-06-26
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特斯拉现金流和资本开支(亿美元)
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行业数据
2026-06-26
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经营活动产生的现金流量净额变化(亿元)
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行业数据
2026-06-24
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现金流折现(单位:百万元)
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行业数据
2026-06-12
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美国科技股七巨头自由现金流情况
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行业数据
2026-06-11
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图15.截至20260602800自由现金流指数成分股申万三级
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行业数据
2026-06-09
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图10.截至20260602800自由现金流指数总市值前30的
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行业数据
2026-06-09
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图8.截至20260602800自由现金流发布以来股息率情况
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行业数据
2026-06-09
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全球全年龄段奶粉市场规模(亿美元)
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2026-07-30
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2026-07-30
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全球益生菌膳食补充剂市场规模及增速
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2026-07-30
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2026-07-30
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三、从经营性现金流情况来看:5家暴雷房企中正荣、泰禾、禹洲连续 2-3年出现经营性现金流净流出,未暴雷的闽系房企经营性现金流情况也不容乐观,也普遍出现连续净流出的情况。泰禾和正荣早在 15、16年就出现经营性现金流净流出,说明公司自身造血能力持续较弱,禹洲在 19年出现现金流紧张的问题,20年在行业下行的情况,泰禾、正荣和禹洲的现金流情况雪上加霜。世茂和阳光城经营性现金流自 17年后有较为充裕的净流入主要与自身在产业链上下游中的话语权增强有关,对上游应付账款及票据增加、对下游预付账款减少,使得经营性现金流净流出持续减少,保持净流入的状态。我们认为经营性现金流连续 2-3年出现净流出,说明公司自身造血能力较弱,可以作为暴雷的信号。未暴雷 6家闽系房企经营性现金流普遍较为紧张,其中融信、中骏、三盛经营性现金流最为紧张,出现 3年以上净流出,其次是旭辉、金辉和宝龙。
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房地产行业暴雷房企区域性研究系列之闽系篇:激进扩张和过度融资埋下隐患政策收紧市场遇冷成为危机爆发的导火索-220520(67页).pdf
16-18年融信用3年时间将合约销售金额从2015年
12-17年旭辉销售规模始终保持快速增长,合约销
图表976家闽系都曾在17-20年这4年间激进拿地扩张
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