Chapter 1272 Group Affairs (I)

……

In the midst of applause and everyone's attention, Wang Qiang, who looked calm, picked up the documents that had been prepared long ago. After more than three years of mastering the Eastern Dynasty Group, she is no longer the trembling girl she was at the beginning. Instead, they have been trained by the brutal shopping mall to become a real business elite.

Moreover, in February of the first half of the year, she was also selected into the top 10 of the most powerful women in Asia selected by Newsweek, and has a certain status in the entire Asian and even world business circles, especially in the jewelry and luxury industry.

"At present, the entire Dongchao Group has five subsidiaries: Rose Jewelry, 'Taiyi Pavilion' Art Company, Pricewater Red Star Auction House, Wenrui Gallery and 'Agarwood Pavilion' Art Company, a total of five subsidiaries! Among them, Rose Jewelry has a total of four luxury goods companies mainly engaged in high-end jewelry and watches, including Allure Jewelry, Van Cleef & Arpels, Piaget and Lange & Söhne, and has 312 directly operated stores around the world. The Rose Jewelry brand, which specializes in low-end and mid-range jewelry, has 1,830 directly operated stores in the Asian market in 23 countries, including China, Japan, South Korea, and Southeast Asia, and has three diamond cutting factories in South Africa, China, and the Netherlands. ”

“…… As of the end of July this year, the turnover of the entire Rose Jewelry has exceeded 8 billion Chinese dollars, the total profit is nearly 3.5 billion Chinese dollars, and the company's total assets are 42 billion Chinese dollars! If successful, we will take over their 894 stores in the U.S., Canada and Mexico and double the company's total assets!"

"Mr. Wang, the head office is not financially well-funded, and I am afraid that it will not be able to provide more financial support for the merger and acquisition of Rose Jewelry!" Liu Dong said.

In fact, Rose Jewelry has prepared $1.5 billion for the acquisition. And we are in contact with ICBC, and if it goes well, with the company's credibility and strength, it will not be difficult to get a loan of $1 billion. With this $2.5 billion in funds, if we pay a certain amount of shares after the merger of the two companies, I don't think we need the financial support of the head office!"

When facing Liu Dong in front of everyone. Wang Qiangqiao didn't have the slightest tenderness on her face, and she looked businesslike.

"Then there's no problem!"

Liu Dong nodded.

Now he is not as narrow-minded as he was when he first started.

As long as he can control the controlling stake in Rose Jewelry, then Liu Dong has no opinion on giving up some shares in order to expand the scale of the company.

Subsequently, Wang Qiang introduced the situation of the four companies of 'Taiyi Pavilion', Puhua Red Star Auction House, Wenrui Gallery and 'Agarwood Pavilion'.

Although there is no way to compare with Rose Jewelry, under the leadership of Yang Ke, Taiyi Pavilion has completed the layout of direct stores in major first- and second-tier cities across the country, and is expanding its business to relatively economically developed third-tier cities.

The company's total assets also exceeded 2.5 billion Chinese dollars. Although it is not much in Liu Dong's opinion, it is enough to show Yang Ke's ability to develop Taiyi Pavilion, which is mainly engaged in wood carving, bronze, stone carving, brick carving and other niche businesses, to this scale!

Not counting Rose Jewelry, the total assets of the four subsidiaries have also exceeded 5 billion Huaxia Yuan, and the profit in the first half of the year has exceeded 600 million, and the profit is expected to achieve 1.2 billion for the whole year.

Although it is less than one-eighth of the size of Rose Jewelry, compared to the scale of these four companies, it is not easy to reach this level of profitability!

And. It also has a certain relationship with Liu Dong's support for antiques and artworks, after all, he fished more than 100 sunken ships from the sea. A large number of works of art are not high-quality artworks, except for a few that are included in the museum collection by Liu Dong, more than 80%, nearly a million pieces of artworks will be sold through Puhua Red Star and Agarwood Pavilion.

The sheer volume is enough to guarantee these two companies decades of high profits!

According to the old order of the previous annual meetings, wait for the completion of the report of the Eastern Dynasty Group. Next, it is the turn of Jiahua Group, which is the second oldest group immediately after the establishment of Dongchao Group!

Under Liu Dong's gaze, Shao Tiejun, who has now successfully overwhelmed his old rival Guo Hongtian and become the president of K. Wah Group, stands up with high spirits. It is the top elite in the business community who controls China's largest hotel chain group, the top 10 travel agencies in Asia, the largest travel website in China, the top three tourism development companies in Asia, 7 tourist resorts at home and abroad, and the total capital of the group reaches 35 billion Chinese yuan!

"As of the first half of this year, K. Wah Group has 34 five-star hotels, 152 four-star hotels in Han Palace, 328 three-star hotels in Tangting, 256 hotels in Xinru Resort and 589 hotels in Home Inn...... K. Wah Travel Service has 272 branches...... A total of 7 directly operated scenic spots, including Shan*Dongqingzhou, Hu*Beiguanjiachong, An*Huiqilongling, etc.! A large group with total assets of 35.6 billion Huaxia yuan, turnover of 14 billion Huaxia yuan, and profit of 3.5 billion Huaxia yuan!

"What is the group's debt ratio now?"

Liu Dong's words made Shao Tiejun, who looked excited, face stiffen, but looking at the boss's calm eyes, he hurriedly said in awe: "It has dropped to 65%!"

Although since its establishment, it has received a huge investment of 2 billion US dollars and nearly 17 billion Chinese dollars from Liu Dongshu. But in three years, a group company with total assets of less than one billion Huaxia coins has expanded to its current huge scale. The support of bank loans is a very important factor.

Of course, bank loans have supported K. Wah Group's rapid expansion, but it has also saddled the group with heavy debt.

In the next few years, K. Wah Group's development strategy should be stable and strive to reduce the group's debt ratio to 30% within two years!"

"Yes, Chairman!"

Shao Tiejun, who agreed, felt bitter in his heart.

He knew that with Liu Dong's decision, Jiahua Group's crazy expansion policy for more than three years was over!

Although he had expected this day, when it really came, Shao Tiejun was still a little uncomfortable in his heart.

However, Shao Tiejun felt uncomfortable, but Ma Weicheng, the president of Huayang Group, who was sitting next to him, was more worried than him.

Because, Huayang Group's debt ratio is higher than that of Jiahua Group!

Especially in this era when the real estate industry is booming and the vast majority of real estate companies rely on bank loans to develop. The debt ratio of Huayang Real Estate, a subsidiary of Huayang Group, is as high as 90%, and the bank loans owed to the five major domestic banks on credit in the past three years have reached 30 billion Chinese dollars!

Although the debt ratio of the five companies of Huayang Home Design, Huayang Property, Huayang Real Estate Brokerage, Huayang Garden Design and Huayang Ancient Building Restoration is not as high as that of Huayang Real Estate, even the lowest Huayang Ancient Building Restoration Company is more than 45%!

The liabilities of the entire group exceeded 45 billion Huaxia dollars, accounting for almost 70% of the group's total assets!

But to Ma Weicheng's surprise, Liu Dong did not make any comments on Huayang Group, which is still surging in the real estate market, but simply nodded. He named Fang Zhengchun, the president of the Oriental Iron and Steel Group, who was behind him, to make a report.

“…… As of the first half of this year, the second phase of 1,200 tons of steel equipment of Yan*tai Iron and Steel Plant of Dongfang Iron and Steel Group has been installed, and now the equipment is being commissioned and trial production. At the end of this year, the production capacity of the Yantai Iron and Steel Plant will reach 25 million tons! The third phase of the project will be installed in early 05...... Dongfang Copper, a subsidiary of the group, has formed a profile processing capacity of 600,000 tons...... Dongfang Cement Company has formed a cement processing capacity of 1.5 million tons ......!"

The astonishing figures let everyone here see the rise of a large steel group. As the president of the group, Fang Zhengchun is proud and a little embarrassed, because so far, Dongfang Iron and Steel Group, which has total assets of more than $8 billion after the annexation of Daewoo Steel, has not really made a profit!

And it also bears a debt of $3 billion after the acquisition of Daewoo Steel!

In this regard, Liu Dong didn't say much, heavy industry investment has always been based on the long-term!

After talking about Oriental Iron and Steel Group, the next step is Hanhua Securities, Hanhua Investment Management, Hanhua Fund, Hanhua Insurance, Hanhua Holdings, and Lin Ling's Lejia Group made reports in turn.

Although their total capital is not as large as the previous companies, most of them are around $1 billion, and more importantly, they do not have the same heavy debt-to-capital ratio as Huayang Group and Jiahua Group!

Cathay Pacific in Liu Dong's acquisition of Daewoo Group, after the merger and acquisition of Korean Air, the number of passenger and cargo aircraft under Cathay Pacific exceeded 160, belonging to the listed company Cathay Pacific with the recovery of the international aviation industry, the market value once approached 10 billion US dollars, although now it has fallen, but it is still a market value of 7.5 billion US dollars in the top 20 international aviation giants.

However, the biggest surprise to Liu Dong is Emperor Entertainment Holding Company, which is engaged in the Macau Bocai industry less than two years after its establishment, and has already contributed 1.2 billion US dollars of net profit to Liu Dong!

Considered the most profitable of all companies!

Subsequently, Shangyuan Group, Global Trade, Dingsheng Fund of the United States, ICQ Instant Messaging Company, Fengrui Agricultural Company, and Matrix Media have a huge market capitalization, almost each of which exceeds 4 billion US dollars, but Shangyuan Group is building the headquarters building of GCA Group in Hong Kong, and there is no surplus of funds.

Global Trade has ordered two 300,000-ton cruise ships, two 200,000-ton dry bulk carriers, four 250,000-ton ore carriers in Daewoo Marine Shipbuilding, and two 300,000-ton natural gas carriers in Hyundai Shipbuilding, with an order of nearly $1.3 billion, which has exhausted all the balances of Global Trade, and also owes a loan of $600 million to Hanhua Bank. (To be continued.) )

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