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Chapter 932 Annual Meeting (2)

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"At present, K. Wah Hotel Group has a total of 5 hotel brands, including the five-star hotel brand 'Jiahua', the four-star hotel brand 'Han Palace', the three-star hotel brand 'Tangting', the express hotel brand 'Home Inn', and the scenic resort hotel 'Xinru'. Now, after more than a year of rapid expansion, there are 8 five-star hotels in Jiahua, which are located in Quancheng, Daocheng, Beijing, Jinmen, Zhengzhou, Taiyuan, Shanghai, Hangzhou! There are 18 four-star hotels in Han Palace, 36 three-star hotels in Tangting, 159 home inn hotels, and 68 heart resort hotels! ”

“…… In addition, there are Ningbo, Guangzhou, Wuhan 3 Jiahua five-star hotels have been bought property is being renovated, is expected to open in two months, there are 5 Han Palace hotels, 11 Tangting hotels, 20 Home Inn hotels, 14 heart such as resort hotels are in the renovation stage, at the latest in April next year can be opened! ”

Although he had long known that the expansion of K. Wah Hotel Group was very rapid, Liu Dong was still surprised by Shao Tiejun's expansion speed, and in just over a year, K. Wah Hotel has expanded from less than 40 hotels to five brands, 387 hotels, and 50 hotels are under construction!

At this scale, even if Liu Dong has invested tens of billions of funds in it, it is not enough, after all, he has invested more than 10 billion. At least half of them are large-scale projects to convert courtyard houses into hotels. The funds left for Shao Tiejun's free control are only more than 5 billion. Although this is already a very large amount of money, it is not enough for his repeated mergers and acquisitions to expand to the current scale!

"What is the debt ratio of K. Wah Hotel Group now?" Liu Dong frowned and asked.

“130%！” Shao Tiejun looked at Liu Dongdao with some apprehension.

Seeing that Liu Dong didn't speak, Shao Tiejun hurriedly said: "Liu Dong, the hotel industry does not have too high a threshold, and it is necessary to have enough funds to be able to expand rapidly, so I think that our Jiahua Hotel Group should be before foreign hotel groups enter China on a large scale and local hotel brands develop." Preemptively occupy the market, establish a hegemonic position in one fell swoop, and as for debt, as long as there is no large-scale economic collapse, our capital chain will not be broken! ”

“…… And now the domestic economy is stable, there is no sign of an economic crisis, and because of the special political and economic system, unless a war breaks out, there will not be much turmoil in the domestic economy, so I think we can borrow to expand at this stage. Within three to five years, the number of hotels in China will be expanded to more than 2,000, and our hotel industry will be completely established! ”

looked at Shao Tiejun's eager eyes. Liu Dong knew that what he said was not wrong, the hotel industry is an industry that can be quickly replicated, as long as there is enough capital, it can achieve rapid expansion! And unlike others, the hotel industry is a blue ocean with an industrial scale of hundreds of billions of Chinese coins, and it is expanding rapidly with the domestic economic development.

"How much profit does K. Wah Hotel Group make now?" Liu Dong did not immediately express his position.

But Shao Tiejun, who was already very familiar with him, was secretly happy in his heart, as long as Liu Dong did not immediately refuse, he knew that there was a door to this matter, and immediately said: "This year, the total turnover of Jiahua Hotel Group has reached 3.178 billion Huaxia yuan, and the profit is 1.559 billion!" ”

After nodding, Liu Dong smiled: "You used all this money to buy a property, and then mortgage to expand the hotel, right?" ”

"Yes, Liu Dong!"

This method still came from Liu Dong's own proposal, so Shao Tiejun admitted it simply.

After a little silence, Liu Dong said again: "If I invest another billion US dollars in you, will the number of Jiahua Hotels reach 1,000 next year?" ”

"Of course you can!" Shao Tiejun said without hesitation.

With $1 billion to buy a property, plus a mortgage, Shao Tiejun can get at least $1.5 billion in funds, plus the profit of the hotel itself, which is $2 billion, 16.4 billion Huaxia dollars, enough to more than double the scale of the current K. Wah Hotel Group!

"By the way, how is the renovation of the courtyard in the capital now?" Liu Dong said suddenly.

"All the residents of Nanluoguxiang have been relocated, and now the renovation project is in full swing, and it will be completed in two years at most!"

"Well, sit down first!"

Liu Dong waved his hand, and Shao Tiejun did not hesitate after hearing this, and sat down quickly.

Feeling the envy and even jealousy of his colleagues around him, Shao Tiejun was also a little proud in his heart, although Liu Dong did not give a positive result just now, he believed that the $1 billion in the boss's mouth would probably be approved!

Next is Jiahua Tourism Development Company, but the current Jiahua Tourism Development is mainly Qingzhou Yanghe Project, as well as Hu-Beiguanjiachong Tourism Project, both projects are their own companies, and there are not many other external jobs, so the profit is not high, only more than 15 million!

Qingzhou Yanghe Management Company, because of the completion of the first phase of the project and the second phase of the project, coupled with the guidance of Jiahua Travel Agency, has received more than 1.5 million tourists in the past year, and the profit has reached 300 million, and the Rose Town project will be completed next year, and the profitability of Qingzhou Yanghe Management Company will reach a new level.

Another Guanjiachong tourism management company is only newly built this year, because the development of the scenic spot has not ended, and it cannot be profitable for the time being!

Liu Dong was impressed by the performance of Ctrip.com, the last branch of K. Wah Group, last year, which is mainly engaged in the purchase of air tickets, train tickets, and hotel reservations, to bring at least one-third of the customers to K. Wah Hotel Group, K. Wah Travel Service and Yanghe Scenic Area!

Although its own profit is only 30 million, which is not much, Liu Dong also saw the potential of this website, so Liu Dong directly set a plan to invest another 200 million yuan next year to promote the development of Ctrip at the conference table!

The form of Jiahua Group is somewhat similar to that of Dongchao Group, and several subsidiaries have formed a situation of 'one super and many strong'!

Dongchao Group's Rose Jewellery and K. Wah Group's K. Wah Hotel Group are the only subsidiaries of the two groups with total assets of more than 20 billion Chinese dollars.

And most of the remaining total assets are below 2 billion, the only one that exceeds 2 billion is probably Jiahua Travel Agency, if the Rose Town is completed, the Yanghe Scenic Area Management Company can also be satisfied, but not yet.

Compared with Dongchao Group and Jiahua Group, although Huayang Group, which was established at the latest, has formed a situation of one super and many strong, the gap between them is not large!

The total assets of K. Wah Real Estate have reached 8 billion, and K. Wah Property has purchased properties in more than a dozen communities, and in addition to the construction of the Group, it also has total assets of 3 billion, and the remaining Huayang Real Estate Brokerage Company, Huayang Home Design, Huayang Garden Design and Huayang Ancient Building Restoration are a little worse, and the total assets of the four companies together can be compared with Huayang Property!

After all the 17 subsidiaries of the three groups were introduced, the summary of the 2001 annual meeting was basically over!

Although Fei Junyi, the president of ATV, Guan Tao, the president of Hanhua Commercial Bank, and Shen Peng, who became the president and CEO of Hanhua Holding Company under the recommendation of Zhang Fan, have only joined for a long time, especially since the latter has only been in the company for less than a week, and is still in the stage of familiarizing himself with the business, there is no development plan at all!

But through this annual meeting, the three of them also have a clear understanding of the company they work for, especially the strength of the company's boss! There is no doubt that if you count the Hanhua Bank Group, Liu Dong's domestic assets have exceeded 8 billion US dollars! Even after deducting debt, there are more than $4.5 billion!

"Thank you very much for your hard work in the past year, the three major groups have made great progress under your leadership, your efforts I see in my eyes, but also in my heart, in the future, when the companies meet the listing conditions, the time for listing has come, I will not block!"

Liu Dong's words made the eyes of everyone present light up, what they are pursuing in life is nothing more than fame and fortune!

Name, as long as the company grows and grows, it will also get, and the profit, only the company listed can meet them to the greatest extent, you don't see when Microsoft and Yahoo went public, how many billions, tens of millions and millionaires were created in an instant!

They are working desperately with this flow, just to wait until the company goes public and gain fame and fortune!

Seeing the change in everyone's expressions, Liu Dong also felt some emotion in his heart, at the beginning, he never thought of letting his company go public, after all, the company is his own, and these employees also pay their own salaries, why should they share their company with everyone?

However, with his own learning of business knowledge, broadening his knowledge, and improving his cognition, some of Liu Dong's business thinking is gradually changing, from a suddenly rich 'rural rich man' to a qualified business leader!

"In the feudal era, everyone knew from top to bottom that meritorious deeds were rewarded, let alone modern times!"

Liu Dong shook his head, took out his notebook and opened it, glanced at everyone, and said, "Your plan is over, it's my time to come!" Of course, I'm mainly here to adjust your positions, and the additional investment that you would like to hear the most! ”

Sure enough, as soon as they heard the words 'additional investment', almost everyone was full of energy, and even Yang Ke and other persons in charge of special industries subconsciously looked at Liu Dong.

………………………………………………………… (To be continued......)