本报讯（记者 耿诺）近几年北京市房地产开发企业的资产负债率基本维持在72%以上，总体负债压力较大，现金销售比持续增长，房地产开发企业或通过加速回收现金，提高周转效率。昨日，北京房地产业协会在北京房地产企业综合实力50强颁奖典礼上发布《北京房地产行业信用风险研究报告》（以下简称《蓝皮书》），认为开发商盈利水平正在整体下降。

Report from our correspondent（Reporter GengNuo）In recent years, the Beijing real estate development enterprise asset liability ratio basic maintain in more than 72%，Overall debt greater pressure，Cash sales than sustained growth，Real estate development enterprises or through the accelerate recovery cash，Improve turnover efficiency。yesterday，Beijing real estate industry association in the Beijing real estate enterprise comprehensive strength top 50 awards ceremony release《Beijing real estate industry credit risk research report》（Hereinafter referred to as《Blue book》），Think developers profit level is the overall decline。

　　北京房地产业协会认为，在目前调控持续深化的背景下，以住宅开发为主的房企盈利水平整体出现下降，本年度土地购置面积和待开发面积，均集中于少数资金实力雄厚的大企业。

Beijing real estate industry association think，In the present regulation under the background of continued to deepen，With residential development as main room enterprise profit decline in the overall level，This year's land acquisition area and stay development area，All focus on a few funds strong, big enterprise。

　　《蓝皮书》对北京地区数千家房地产开发企业2006年至2011年的生产经营及生存状况进行了全面梳理。北京房协秘书长陈志表示，房地产开发企业已开始进入调整期，内部分化整合将成为常态。部分房地产企业开发实力一改之前的泡沫化膨胀趋势，逐渐收缩。虽然平均开发实力减弱，但是行业的可持续发展能力却在增加，行业步入过度发展后的平稳成熟期。

《Blue book》In Beijing thousands of home real estate development enterprise 2006 to 2011 years of production management and living conditions for a comprehensive comb。Beijing housing association secretary general ChenZhi said，Real estate development enterprises has begun to enter the phase of adjustment，Internal differentiation integration will become normal。Part of the real estate enterprise development strength change before the frothy expansion trend，Gradually contraction。Although the average development strength weakened，But the industry's sustainable development ability is increasing，Industry into the excessive development of mature after smooth。

　　陈志表示，在市场占有率方面，逐渐呈两极分化状态。龙头行业市场竞争力大的企业占有率提高，而竞争力弱的企业处在市场边缘。

ChenZhi said，In the market share aspects，Gradually the polarization state。Leading industry market competitive large enterprise share raise，And weak competitiveness enterprise in the market edge。

　　目前，本市房地产开发企业面临着政策风险，企业的财务风险也逐渐上升，企业的运营效率存在下降趋势，库存压力依然很大。《蓝皮书》建议，在稳增长与调控强化的平衡关系方面，房地产企业切不可掉以轻心。企业虽然经历了近期的交易量回升，但并未脱离困境，以价换量，强化企业内部风险管控降低成本，通过产品多元化、融资渠道多元化及合作开发等形式，规避政策风险，应该是企业的发展策略重点。

At present，This city real estate development enterprises are faced with the risk of policy，The financial risk of the enterprise also gradually rise，Enterprise's operation efficiency exist to decline，Inventory pressure is still great。《Blue book》Suggestions，In the steady growth and regulation strengthened the balance relations，Real estate enterprise must not treat STH lightly。Enterprise although experienced recent volume rebounded，But not out of the woods，To price in quantity，Strengthening the enterprise internal risk control to reduce cost，Through the diversification of product、Diversified financing channels and cooperative development and other forms，Avoid policy risk，Should be the development of the enterprise strategy emphasis。