The total debt of Hougu coffee is as high as 2 billion yuan.
The total debt is 2 billion yuan
Hougu Coffee's total debt is as high as 2 billion yuan, which is a big surprise to the outside world. 80% of the time is spent on financing, dreaming about how to raise money to "turn around". " Xiong Xiangren said, "as long as banks extend loans to us, private enterprises like Hougu will be able to get out of the financial crisis they face next."
Xiong Xiangren said that since the second half of 2014, the maturity of bank loans in Yunnan Province as a whole has been shortened, and many of the previous two to three-year loans have been changed to three-month short-term loans. This makes many real enterprises, including Hougu Coffee, have to use private loans to maintain bank repayment, "ostensibly masking the debt crisis of physical enterprises getting deeper and deeper, but private loans are like" emperor's new clothes "on physical enterprises. "U-turn" funds may overwhelm physical enterprises. "
According to the text given at the press conference, the sales revenue of Hougu coffee enterprises was 1.1 billion yuan in 2013 and 1.5 billion yuan in 2014. However, although the enterprise has strong profitability and good sustainable development, in the past two or three years, due to the unreasonable debt structure, the cost of borrowing money to "turn around" to repay the loan is as high as hundreds of millions of yuan.
"facing the debt crisis directly, we will no longer use private lending to" turn around "and talk to the banks." Xiong Xiangren said that although the enterprise is still normal in operation and has not really encountered a debt crisis, it needs to find a solution and solve the problem as soon as possible, and he called on banks to help reduce stress.
According to Xiong Xiangren, at present, Hougu Coffee has total assets of 3.9 billion yuan and a "debt ratio of more than 50%." Hougu Coffee, which he founded, has once again reached a turning point. From the beginning to supply raw materials to international giants such as Nestl é and Starbucks, to no longer supply raw materials and changed to independent production, Hougu has become the largest coffee company in China.
The rapid expansion of the valley has been accompanied by a growing snowball of debt, which is now a big burden.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
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