Longhu (00960)'s half-year debt reduction of 5.7 billion yuan credit bonds maturing within a year have all been paid off

Zhitong Finance App learned that on August 28, Longhu Group Holdings Co., Ltd. (00960) announced its half-year results for the year ending June 30, 2026. Longhu Group has always maintained restraint, prudence and a high degree of self-discipline, putting financial security first. The Group strictly abides by the financial discipline of “no overdue, no extension, no default”, and the financial structure continues to be optimized. As of June 30, 2026, Longhu Group's total interest-bearing liabilities were RMB 147.12 billion, down RMB 5.7 billion from the end of the previous year; cash on hand was RMB 24.88 billion, the net debt ratio was 52.0%, the ratio of short-term cash debt was 1.57 times, and the balance ratio after excluding advance payments was 53.8%.

After safely and smoothly getting through the peak of debt in 2025, the size of the Group-level debt that will mature every year in the future is limited. Since this year, Longhu Group has completed principal and interest payments on multiple bonds such as “21 Longhu 02,” “16 Longhu 04,” and “21 Longhu 06.” Up to now, all credit bonds due within 2026 have been paid off, leaving only 800 million yuan of domestic credit bonds due in 2027.

While debt pressure is being reduced in a steady and orderly manner, Longhu's debt structure is also being continuously optimized. As of June 30, 2026, the average financing cost of Longhu Group fell to 3.36%, and operating cash flow including capital expenses was positive for 4 consecutive years. As of June 30, 2026, bank financing accounted for 91% of Longhu Group's interest-bearing liabilities, 69% of operating property loans and long-term rental loans, 10.8% of short-term debt, and 10% of foreign currency debt. The debt structure is healthy, further improving the safety of the company's business market.