Part VIII Chapter 24 Annual Financial Report for 04
The balance of forces, especially after the prime minister's two accountabilitys, the detailed real estate adjustment table was finally formulated at the end of 04, and from January 1, O5, it is necessary to control the increase in housing from various aspects such as taxation, bank loans, industrial policies, land supply, strict law enforcement procedures, and regulating market order. Taxation alone, there is a process of gradual increase from differential tax, business tax, and personal income tax, depriving the profits of investment in real estate and expelling speculative funds.
At the beginning of the new year, the State Administration of Taxation announced that there were restrictions on the collection of 55% of the business tax on second-hand housing, and then the central bank announced that it would increase the reserve ratio, increase the mortgage interest rate, and prohibit the remortgage of commercial disputes.
These measures, for the domestic housing market, and it will take some time to successfully curb housing prices, and the effect will be greatly reduced under the resistance of local governments. For Jinghai City, it is just to provide an increasingly clear environment for the price reduction policy that Jinghai City previously implemented separately, and provide more legal and regulatory basis.
Jinghai City has set strict standards for bank loans and real estate pre-sales from the 04 years, and has entered the real estate tightening cycle from the financial aspect.
Compared with similar cities in China, the growth rate of housing prices in Jinghai City has been suppressed to the greatest extent, and the total increase rate is 38% in the two most popular years in 03 and 04 years.
In the past three years, the housing prices in Jinghai City have been suppressed, and in the past four years, the housing price growth rate is still as high as 9%.
Nangang New City to the beginning of O5 has been quite perfect, in the Nangang New City to form the southwest secondary business center, schools, hospitals, business, pedestrian streets and other high-quality resources have appeared one after another, Nangang Mall landlord building more than 30,000 square meters of commercial and office space, Liantou was bought with 160 million that year, out of consideration of operating costs. Not waiting for the expiration of the three-year lease, AU company is ready to buy the property rights of the next Nangang mall from Liantou to reduce the cost of ground rent, the current net purchase price of AU is 280 million, and now the traffic of AU shopping center is more than 10,000 people, AU sees the potential of Jinghai City, and is planning to build a 10,000-square-meter branch in the area near the new administrative center.
The commercial scale of Nangang New City will cover more than 150,000 residents by O5 years, and the scale of Jingnan District will be expanded by one-third, replacing Xicheng District and becoming the largest district in Jinghai City.
What really supports the property market exhibition also depends on the improvement of residents' living standards. In 5 years, the value of high-tech industries in Jinghai City continued to more than double, reaching 24.6 billion, and Liantou New Energy accounted for a quarter, and the annual investment in high-tech industries was the sum of the past five years, and the introduction of foreign capital also reached the historical height of Xindi.
At the beginning of the year, the double-track high-speed railway was extended to Tongnan City, connected with the Tongnan deep-water port wharf, and was officially opened to traffic after the Spring Festival. Tongnan deep-water port is one of the best deep-water seaports in China, but the limited transportation capacity and the economic level around Jinghai City have not been developed.o2 years, Zhao Zeng served as the secretary of the Tongnan Municipal Party Committee, the key work of the Tongnan Municipal Party Committee and Municipal Government is the construction of new energy industrial base, high highways, high railways and deep-water seaports, and now the throughput of deep-water seaports has increased threefold. However, the foundation is too weak, and only after the completion of the Tongnan Port Container Terminal jointly invested by the shipping group, Jinghai Port Jixie and Huang Industry in 04 years, can the face of Tongnan Port be completely changed. The hydraulic structure of the container terminal is designed to berth 1o million tons of container ships, with an annual throughput of 2oo0,000 TEUs, which is ten times the current throughput, and the container terminal uses a shoreline of up to 2ooo meters.
The construction of deep-water seaports, high-speed railways, high-speed highways, airports and other infrastructure has fundamentally improved the investment environment of Jinghai City in just three or four years, laying a solid foundation for the economic take-off of Jinghai City.
Jinghai City's fiscal revenue is still in the third place in the province's ranking, and the following cities are also catching up with the momentum, but the economic growth potential of Jinghai City is impossible for anyone to ignore, and the high growth of other cities' fiscal revenue in recent years is more dependent on the real estate industry.
As a participant in the City Exhibition, to a large extent, Liantou also participated in the decision-making of the City Exhibition, and if there was a choice of an unofficial person who had the most influence on the Jinghai Exhibition, Lin Quan would be the only one. But from the perspective of Liantou insiders, Lin Quan is just an energetic vampire.
In O4 years, Xinghu Industry relied on the idea of Quanquan to reduce the debt ratio to below 4O% of the control line, control the scale, and the overall scale of development was comparable to O3 years, with the rise of the southern shore plate of the provincial city of Weiming, the second phase of the lakeside home and Hushan Villa is the highlight of Xinghu Industry in the provincial capital in 04 years, but in 03 Wednesday Lake has turned to other first-tier cities in China, and the annual sales are also quite equal, which is 7.9 billion, and Xinghu Industrial has entered the land with military assets of 10 billion. As the Xinbo City project has just come back to life, the total asset scale of Tianxing Lake, Haocheng and Jiacheng is only about 15 billion.
In 02, 03, Lian invested less than 500 million yuan in Jinghai Electric, and obtained a controlling stake in Jinghai Electric, Jinghai Electric under the management and operation of Zhang Chengluwei, in the 04 years when the old factory was relocated to the high-tech industrial park, after deducting the relocation profits, the net profit of the main business exceeded 100 million yuan. In the second half of 104, Jinghai Electric and Nantian, in the threat of electrical engineering and other new energy became one of the rare bright colors in the stock market, twice through the transfer to reduce the stock price, by the end of 04, Jinghai Electric's equity is still tenaciously standing above six yuan, reinstated down, compared with the equity of Lin Quanyuan before entering Jinghai in 02, rose five times, and the market value of Liantou Jinghai Electric's equity is as high as 1.8 billion.
After the official listing of the United Securities Investment Consulting Company, in addition to the equity of Jinghai Electric, nearly one billion other negotiable securities files and cash assets were transferred to the securities investment company and became the registered assets of the securities investment company.
Of course, the most valuable part of Liantou is the new energy sector.
The output value of joint new energy in 04 years reached 3 billion, and the gross profit was as high as 1500 million, which is really stunning, the key is that the growth of joint new energy has reached the point of shock, 05 years, the production capacity of joint new energy will be doubled on the basis of 04 years, and it is almost certain that the gross profit of joint new energy in 05 years will not be less than 2 billion. Pen ~ fun ~ pavilion www.biquge.info
The decrease in gross profit margin is mainly due to the fact that the characteristics of the photovoltaic industry chain determine that the supply of high-purity silicon in the upstream of the industrial chain is in a semi-monopoly state, and the profits of the entire industrial chain will inevitably shift to the upstream. What makes more people indignant is that Liantou controls the most complete photovoltaic industry chain. Silicon ore, high-purity silicon production, silicon rod casting, silicon chips, solar cells, solar cell components, solar cell modules, no matter how the profits are transferred in the entire industrial chain, the money will eventually flow into the pockets of Liantou.
After hearing that Xinbo Silicon Industry generated tens of millions of profits in the trial production stage, Xu Jian and several people regretted it and complained that the blood of the domestic solar industry had been sucked up by Lin Quan alone.
In addition to Jinghai Electric, there are currently four listed companies related to the photovoltaic industry in the domestic securities market, all of which are chased by large funds, and the share price of Nantiandian, the second largest photovoltaic cell manufacturer in China, has surged fourfold in 04 years to a high of 18.6 yuan.
Nantian Electric is far from being able to compare with United New Energy in the field of new energy industry, the production capacity of Zhongtian Electric's photovoltaic production base is only half of that of United Solar Power, due to the lack of high-purity raw material silicon wafers, it can only swing one-third of the production capacity, O4, with an annual output of 24 megawatts and a profit of 300 million, contributing 6O% of profits to Nantian Electric Group.
The focus is only on United New Energy.
United New Energy is the largest solar cell manufacturer in China and the eighth largest in the world, in just a few years, it has formed a complete industrial chain and occupies a huge advantage in the supply of upstream raw materials, and can completely volatile the production capacity, and it is expected that the profitability of O5 in the photovoltaic field is five times that of Nantian Electrician.
There are often investment institutions that do not know the depth and the foundation of the joint investment come to lobby the shares of the United New Energy Public Bank to enter the capital market for profit.
It is quite convenient for United New Energy to enter the securities market and raise tens of billions of yuan from the securities market.
Lin Quan does not have much enthusiasm for this, perhaps waiting for a better time, maybe at present, the domestic market is too pessimistic, the regulatory authorities control the expansion of the securities market, and the company's listing review is strictly controlled.
Lin Quan once privately said that no matter how much the wealth on the books increases, it is no longer meaningful for him to have a lot of capital, and the enterprises under the name of United New Energy and Liantou are not short of funds, and there are no serious defects in the industrial chain, which require a lot of funds to make up, even if the lack of funds is controlled by Liantou Electric, it is not more convenient to integrate the assets of United New Energy into Jinghai Electric?
The asset scale of the new energy industry under the name of Liantou is not very large, but the potential is mouth-watering.
In 04 years, the scale of assets directly controlled by Liantou almost doubled, and it is no wonder that Xu Jian wants to use the term vampire to describe Lin Quan.
Someone in China formulates a wealth ranking, and people who know the truth are disdainful, and the ranking is only speculated through the data released by the listed company, and the wealth of the rich people and related families is far from reflecting the real situation in the country, not to mention the assets controlled by the other Yaoxi Gu family is more than 100 billion, and only a small part of the assets are truthfully reflected by the securities market, and the assets controlled by the Hengdian 6 Shen family are also more than 40 billion yuan, and the current assets are only listed companies Jinghai Electric, which truthfully reflects the 1.8 billion assets of the joint investment, but the financial structure of the joint investment is not known to the outside world。