Chapter 978

As soon as Liu Hong left, Li Dong didn't want to read the documents.

Staring at the ceiling for a while, Li Dong suddenly straightened up and said, "Bai Su!"

Bai Su hurried into the door and said, "Mr. Li, what can I do for you?"

"Let director Liu come here!"

There are many executives with the surname Liu in the distance, but general manager Liu refers to Liu Hong, and the chief financial officer is Liu Hongmei.

Bai Su immediately nodded, turned down to make a phone call, Li Dong is thinking about the next step of the plan.

This time he withdrew from the stock market, and he gathered ten billion dollars in cash, which had to be well planned.

You can't fill in any hole where there is a hole. If you really want to do this, you can't spend 10 billion yuan.

After writing and painting on the paper for a while, Li Dongpan figured out how to maximize the interests.

……

Before long, Liu Hongmei entered the office.

Not only people came, but also a thick folder.

As soon as Li Dong summoned her, she knew what Li Dong wanted to ask.

In the past half a year, Li Dong has not been much involved in financial affairs. At most, after a general look at the document report, Liu Hongmei is somewhat surprised by Li Dong's calm.

After all, the group does now, one day a day, Li Dong did not ask these questions for half a year, the time span is a little long.

Seeing that she was prepared, Li Dong didn't beat around the Bush and said, "give me a general explanation of the current situation in the distance. Give me a general description of the total assets, liabilities, net assets and Book funds."

Liu Hongmei nodded, opened the folder and said, "well, I'll divide it into four parts at present.

Supermarket, logistics, real estate, remote technology.

Let me first talk about the total assets of the major subsidiaries. After all, our liabilities are somewhat disordered. Some of them are nominal debts of supermarkets, but actually they are used in logistics and remote technology. At present, there is some confusion.

In the later stage, the financial department will further speed up the accounting independence of the major subsidiaries.

After all, chaos has been going on, which is not conducive to the development of enterprises, and it is difficult for us to implement some reasonable tax avoidance measures.

And when it comes to the market in the future, this is also a big problem... "

Li Dong nodded his head and said, "I have no problem with this. You can go back and discuss with Mr. Yuan yourself."

"Well, I've done all the planning. Just remember to sign."

Liu Hongmei made a joke, then resumed her normal color and said, "let me first talk about the supermarket. There are 10 branches in the supermarket.

North Jiangsu, Southern Jiangsu, Jiangxi, Zhejiang, Hubei, Shandong, Henan, Beijing and Tianjin, Shancheng and Shanghai.

As of May, there were 642 stores in operation.

Among them, there are 19 first-class stores, 68 second-class stores and 215 third-class stores

Among these 600 stores, only 68 of them belong to us, accounting for about 10%.

Other stores are leased, the lease term is generally signed in 10-15 years or so.

At present, the total value of fixed assets in supermarkets is estimated to be about 23 billion.

Including several of our large distribution centers.

In terms of intangible assets, the value is also as high as 4 billion yuan.

Therefore, it should not be a big problem that the total assets of distant supermarkets have reached 27 billion

"27 billion..." Li Dong knocked on the table, but didn't say much about it. Instead, he asked, "we have 10% of our own property rights?"

Liu Hongmei nodded.

Li Dong said with a smile: "not bad, better than I imagined."

In the future, the physical supermarket will be impacted. It can be said that higher and higher rent is also one of the culprits.

Labor and rent are the two biggest expenses.

With the increasing rent, supermarkets are making money for landlords in the end, especially for those supermarkets with low proportion of their own property rights.

In 2008, most supermarkets expanded their stores in the form of leasing. After all, they bought a property when they opened a store, and the expenses were too large.

Far away, the proportion of 10% now seems small, but in fact it is very high.

In fact, the average level of the industry today is only about 5%.

This is still for the old supermarkets, some small-scale emerging supermarkets, the proportion of free property rights is lower.

Like Yonghui, I'm afraid it's less than 5%.

It was only a few years later that major retailers were allowed to increase the proportion of their own property stores. At that time, due to the impact of e-commerce, the rents were getting higher and higher, and retailers were overburdened. Finally, they decided to expand their own property.

In 2008, the rent was not high, the retail profits were large, and there was no e-commerce impact. Few retail enterprises would really care about these.

Of course, some enterprises with their own real estate development companies, such as China Resources and Suning, have advantages over Bailian in this respect.

Li Dong is now gradually expanding the proportion of stores with its own property rights. However, it costs too much. It is his best effort to account for 10%.At present, Li Dong's direction is not on this. First, he should complete the national layout, and then gradually carry out the privatization of property rights. This is the right way.

Anyway, he is not in a hurry. He just got up from afar, and the contracts signed are generally after 2020.

Unlike other supermarkets, which have been established for a long time, contracts for a large number of stores will expire in the next three to five years. The trend of store closures in the future is also related to the expiration of the lease.

Landlords like to pick up the rent, some stores rent more than doubled, enterprises have no way, naturally can only close shop.

After thinking about it for a while, Li Dong said, "continue."

After hearing this, Liu Hongmei continued to turn over the document and said: "it was just in terms of supermarkets, the second is logistics.

Logistics companies are mainly divided into four parts, the first, the warehousing centers around.

Second, express delivery point.

Third, the unfinished remote logistics park.

Fourth, Sichuan Airlines.

In terms of storage centers, there are 6 warehousing centers that have been put into use, and there are 4 storage centers under construction.

Express delivery points, last year's plan of 1000 stores has been completed, and this year, another 200 distribution points have been added, with a total of about 1200, covering almost the entire China.

The remote logistics park, which has started its last phase of construction, is expected to be put into operation at the beginning of next year.

Today, we invest a lot in logistics. Since the beginning of the year, most of the profits of supermarkets and shopping malls have been invested in logistics.

In terms of investment alone, our total investment in logistics is no less than 10 billion. Now, the value of logistics companies may not be less than 12 billion. "

Li Dong can't help the logistics company.

In fact, it didn't cost much to build express delivery points, mainly in warehousing centers and distant logistics parks. These two yuan alone cost him 67 billion yuan.

Plus the shares of Sichuan Airlines, the real money is spent on these things.

Moreover, this is only the beginning. According to Qinhai's plan, all storage centers will be built in the first and second tier cities. There is no doubt that there will be tens of billions of them.

The reason why the assets only reached 12 billion is related to the sharp drop in land prices this year. Otherwise, there should be more than that.

Li Dong thought for a moment: "so, logistics plus supermarkets, the total capital capacity of 39 billion?"

"Almost, but it's just our internal estimation. If we want to really confirm, we have to ask a professional appraisal agency to conduct a large-scale liquidation assessment."

"There's no need for that. I'll just know one. You go on

Liu Hongmei nodded, turned over the logistics page, and then said: "next is Dongyu real estate.

Dongyu real estate has made a big move recently. Mr. Wu successively took 6 pieces of land in various places. In addition, he replaced 4 pieces of land with the Pingshi government.

We now have a total of 23 undeveloped sites with a floor area of 5 million square meters.

Among them, the land value of CBD in Beijing is the highest, more than 3 billion.

In addition, the total price of 22 plots of land is more than 22 billion yuan according to the current market price.

In addition to these undeveloped sites, distant buildings, green buildings and distant squares are also entrusted to Dongyu real estate.

There are also remote property companies, remote security companies, also under the jurisdiction of Dongyu real estate.

In terms of total assets, Dongyu real estate even surpasses supermarkets, with a total value of no less than 30 billion yuan, but... "

Liu Hongmei said, glancing at Li Dong, she coughed and said, "but for the land acquired in the later period, almost no money has been paid. Only a simple agreement has been signed. If we want to calculate, the debt is not low."

Li Dong, of course, knows that he asked Wu Shengnan to do it.

Pay a deposit first, and the rest of the money will be paid after several months. Therefore, in addition to a few pieces of land exchanged with the Pingchuan government, the land acquired later actually belongs to the distance in name.

Nodding his head, Li Dong said: "I know this. Don't worry about these. I'll calculate the debts together later."

"OK, I'll continue to talk about remote technology.

Remote technology is the simplest. After all, we have raised funds before, and all major institutions have given quotations. This should be the most accurate figure.

According to the previous quotation, the highest price was about 4.5 billion US dollars.

In the later stage, we merged wanjia.com, and achieved great success in games, as well as video, pea pods, and ten thousand cartoon. All these businesses were scattered together, and the total amount was about 5 billion US dollars.

According to the current exchange rate, first give a rough figure, 35 billion yuan. "

“270、120、300、350……”

Li Dong murmured a few words, then moved his eyes and said: "so, we have a total asset of more than 100 billion?"

He has been shouting that he wants to be a 100 billion group from afar.

A long time ago, some people in the outside world said that there was a hundred billion group army in the distance, but actually they always overestimated the distance.Until now, Dongyu real estate has taken a few pieces of land by means of no cost, and only then can it break through the scale of 100 billion yuan in the distance.

In terms of liabilities, Liu Hongmei did not say that Li Dong knew that there would be no shortage.

Seeing Li Dong's reply, Liu Hongmei said with a smile: "yes, Mr. Li, at present, our total assets have exceeded 100 billion yuan, reaching 104 billion yuan. But... "

Li Dong coughed and said, "but I'm in debt a lot, right? It doesn't matter. I'm prepared mentally.

After all, I borrowed some money from the bank this year, and I didn't pay for the land. I'm sure the debt will increase

Liu Hongmei said with a smile: "it's true. At the end of 2007, when the group was in liquidation, our total debt reached 22 billion.

In the past six months, we have paid back a part, about 2 billion.

That is to say, only 20 billion of debt was left before.

However, during this period of time, we were short of funds. We borrowed another 1 billion yuan from the bank. In addition, the new debt of the land was more than 9 billion yuan.

After calculation, our total debt is close to 30 billion. "

Liu Hongmei said and then suddenly said with a smile: "but it's a little better. It seems that it's more debt than last year, but in fact, the debt ratio has decreased.

After all, our industry has increased a lot. According to the scale of 100 billion yuan, the debt ratio is 30%. Compared with other enterprises, we are far from the same as other enterprises. "

The debt ratio of the real estate industry has always been the highest, and some even exceed the total assets.

The retail industry is not too low, generally maintained at about 50%.

In the long run, the debt ratio is only 30%. Among large groups, it is not the lowest, but it is definitely one of the few.

Few enterprises with a scale of over 100 million in China do not owe money.

At least Li Dong doesn't know much about it. What he remembers deeply is probably the old Ganma family, a wonderful flower among the cattle people. It seems that there is no debt.

The debt ratio of 30%, that is to say, the net assets of the group reached about 70 billion.

Compared with last year, it is about 30 billion more in half a year.

The added value of the Internet industry has exceeded 15 billion yuan. In addition, the profits of various industries this year, such as shopping malls, supermarkets, PP and logistics, also exceeded 5 billion yuan in half a year.

As for the remaining 10 billion yuan, Li Dong sold stocks and injected 700 million yuan. The replacement of the land in Xishi district and the kicking out of Pengfei real estate will raise the valuation by more than 10 billion yuan.

Other 8 billion, that belongs to intangible assets and fixed assets appreciation.

As you get bigger and bigger from afar, fame is actually money.

Brands, patents, and even human resources from afar can be regarded as assets. This kind of increase seems to be quite a lot, but it is actually within the controllable range.

However, all this should be based on the fact that the current reputation can still be maintained in the distance. Otherwise, the value of these industries will be greatly reduced if it goes bankrupt.

If one day in the distance goes bankrupt, the estimated 100 billion assets may be reassessed again, and it is possible to drop by half.

It is the business norm to push up the high and step on the low.

However, no matter how far away, this year's development is still good, the financial crisis, many enterprises are in a state of semi bankruptcy.

At this time, the distance can go against the trend by a large margin. I'm afraid it will scare a group of people.

After reporting these, Liu Hongmei finally said: "the other is the book liquidity. At present, we only have 1 billion yuan left in our book, and 300 million yuan is microblog money, which can't be moved for the time being.

700 million is the money for shopping vouchers, and I'm afraid it's not easy to move.

In addition, next month, we will have a batch of loans due, the amount of which is more than 500 million yuan, and part of the loans need to be paid back. The total amount is about 1 billion yuan.

Even if you use the money from the voucher, you can't spend all the money on the account.

According to my idea, the expansion of logistics will be stopped next month, and the profits of supermarkets will be transferred to the group headquarters for reserve. What does Mr. Li think? "

As a 100 billion group, it is embarrassing to have no money on the book, even if the debt ratio is not high.

Li Dong thought for a while and said, "you don't have to worry about this for the time being. I will hold a board meeting to solve this problem later.

I'm afraid yuan will have to come to me to settle the bill. "

Liu Hongmei smiles bitterly, you know.

As for Li Dong how to solve this problem, Liu Hongmei is too lazy to ask.

It's really impossible to get loans. Although it's very difficult to get loans at present, you can borrow in the name of a distant place. If you don't dare to say a few billion dollars, there is no problem.

This is also the reason why yuan Chengdao and Liu Hongmei did not find Li Dong to complain this year.

If it had been left in the past, they would have broken the threshold.

After hearing these things, Li Dong had a plan in mind. He also had a plan for where his money should be used next.

After sending Liu Hongmei away, Li Dong's expression changed for a while and murmured: "the hundred billion group It's so fast. "Although only the total assets have reached this range, in the business sector, they are all based on total assets. I have never heard of anyone using net assets to calculate the value of the company.

No matter how much debt, at least in the distance now, we can say that we have stepped into the 100 billion group army.

Even Li Dong was in a trance at this time. How could he feel like a dream.

Four years, that's only four years!

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