Chapter 588 Billion Net Worth VS the Board of Directors (5,000-Word Chapter)

an hour later.

meeting room.

As the first meeting in 2007, at the beginning of the meeting, the first thing to report is naturally the results.

A thick stack of documents was prepared in front of Liu Hongmei. At the beginning of the meeting, Li Dong said, "Director Liu, please report to everyone the achievements made in 2006."

Liu Hongmei nodded, stood up and said, "While reporting on the achievements in 2006, I will first give you a briefing on the situation in the distant places at the end of 2005."

"As of December 31, 2005, Yuanfang had a total of 70 stores, a piece of land for the Yuanfang Building and a piece of land for the distribution center.

Apart from these, at that time, Yuanfang had hardly a penny of liquidity and a debt of up to 300 million. "

Liu Hongmei paused here, and the old employees are naturally aware of these situations.

However, Yuan Chengdao and Wu Shengnan, the new high-level executives who joined this year, although they knew something about it before, they didn't understand it so clearly.

When Liu Hongmei arrived here, many people showed surprise in their eyes.

At this time last year, Yuanfang actually only had 70 stores and two lands?

Without waiting for them to digest the news, Liu Hongmei continued: "At that time, the outside world valued Yuanfang at about one billion. In fact, excluding the Baidu stock in Mr. Li's hands, the market value of Yuanfang was only about five or six billion."

"Five or six billion!"

Many newly recruited directors were shocked, especially the general manager of Kelong, who was even more emotional.

Couldn't it be that at this time last year, Yuanfang Buding was not as large as Kelong?

But it's only been a year, and what is in the distance now is the No. 1 private enterprise in Jiangbei that is about to surpass, or has already surpassed Longhua Group.

It's only been a year, so the span is too big.

Feeling, shock, incredible, these expressions should not appear on the faces of high-level officials in the distance, but everyone is really surprised, not artificial.

Even many old employees from far away feel a little unbelievable, let alone those new employees who have just joined the company.

After finishing the situation in 2005, Liu Hongmei then started to 2006.

"As of yesterday, that is, December 31, 2006, Yuanfang has four subsidiaries and five provincial branches.

Among them, five provincial-level branches are all branches of Yuanfang Supermarket, namely Yuanfang Times, Yuanfang Kelong, Yuanfang Jiangsu and Zhejiang Branches, Yuanfang Jiangxi Branch, and Yuanfang Shandong Branch.

...

This year, Yuanfang's sales are as high as 20 billion yuan!

Among them, the turnover of Yuanfang Supermarket reached 16 billion, the sales of Dongyu Real Estate reached 3.8 billion, and the sales of Yuanfang Mall reached 200 million.

Because the logistics company has been building and cooperating with the mall services, this year's performance is not much, so it is not included in the statistics for the time being.

In terms of profit, although the turnover of supermarkets is high, due to various reasons and the late period, there is not much profit. In 2006, the total profit of supermarkets was 1.4 billion.

Dongyu Real Estate, because there are still some houses that have not been sold, if the upfront expenses are taken into account, the profit is not too high..."

Liu Hongmei waited for a long time, and reported a lot of financial data in the middle.

Li Dong and the others listened carefully, and some even took notes.

About half an hour later, when Li Dong saw that Liu Hongmei was almost done, he said, "Director Liu, let's make a summary. How much is the expenditure this year, how much is the income, and how much is the value of the distant place now, and how much is the debt? Let everyone have a number in their hearts."

Because Yuanfang is only a private company, and Li Dong is the only shareholder, Liu Hongmei will naturally do what Li Dong does.

After Li Dong finished, Liu Hongmei began to summarize.

"This year in terms of revenue... in terms of expenses...

Up to now, Yuanfang Supermarket includes five branches including Kelong, Times, and Jiangsu and Zhejiang, with a total market value of about 7 billion.

Dongyu Real Estate, if excluding the green land, has a total market value of about 3 billion.

Now after the acquisition of Greenland, the merger of Greenland and Dongyu will produce additional effects. If Dongyu Real Estate is revalued, it will be around 6 billion.

Logistics companies have added 320 express delivery companies this year, as well as distribution centers in Jiangsu and Zhejiang, with a valuation of around 800 million.

Yuanfang Mall, because the number of registered users has exceeded 10 million, and the nationwide channel has been opened, it is conservatively estimated that the valuation can reach 1 billion. "

Li Dong calculated: "That is, the total value of Yuanfang's current industries is about 15 billion?"

"It's about the same. Even if there is a gap between the top and the bottom, it should not be too big. But some brand values, because there is no clear estimate for the time being, I didn't count them in it."

Li Dongtou said: "Not counting this first, what about our current debt?"

"Times is still short of 700 million acquisition funds and 400 million bank loans, a total of 1.1 billion.

Yuanfang Supermarket still owes 800 million in loans.

Dongyu Real Estate has the most. Before you turned over a land payment of 2 billion yuan, and Longhua’s 950 million district acquisition funds. In addition to the acquisition of green land, we have to bear their 800 million loans and 200 million projects. According to statistics, the total amounted to almost 4 billion.

Adding these items together, our debts have reached a total of 6 billion. "

"6 billion!"

Many people were shocked, not because they owe too much money, but because Yuanfang has increased in value too fast this year!

Yuanfang, with a market value of 15 billion, has debts of 6 billion, that is, its net assets have reached 9 billion. Compared with last year's 500 million or 600 million yuan, it has increased more than ten times a year, which is too exaggerated.

Everyone was surprised, but not too surprised.

Although the profit of the supermarket this year is only more than one billion yuan, the added value is much higher.

After acquiring supermarkets such as Times and Kelong, the total value of Yuanfang Supermarket has reached 7 billion, and Yuanfang's investment in supermarkets this year is actually not too large, at most around 4 billion.

Just for supermarkets, there will be an added value of 3 billion in one year.

In addition, the shopping mall and logistics company have also increased by at least 1 billion. Adding Shen Qian's 1 billion, these items will reach 5 billion.

The bulk of this year's profits are in real estate, including Li Dong's acquisition of land in the new city, the development of two districts in the later stage, and the acquisition of green land, all of which made a lot of money.

Adding all these together, it doesn't seem so strange that Yuanfang's net assets reached 9 billion this year.

"9 billion..."

Li Dong muttered, excluding Shen Qian's 1 billion yuan, that is to say, Yuanfang's actual net assets are only about 8 billion yuan now.

This doesn't seem too high, does it?

Compared with those large conglomerates with hundreds of billions of dollars at every turn, there is still a big gap between Yuanfang and them, and there is a long way to go.

But if you really calculate it, Li Dong's personal assets can almost exceed 10 billion.

After all, he still has more than a billion yuan in the stock market, and the Baidu stock mortgaged to Shen Qian's mother, the price of 2 billion yuan is not unreasonable.

Although Sun Tao holds some shares in the supermarket, after Li Dong's capital increase, Sun Tao will not get dividends in the next few years, and the shares are not many, which can almost be ignored.

Ten billionaire, now Li Dong finally deserves his name.

After walking away for a while, Li Dong asked again: "After the acquisition of Greenland this time, I have almost exhausted the liquidity in the distance. Director Liu, please do the math for me. In the next three months, I will return How much money will it take to fill the hole?"

Liu Hongmei had expected Li Dong's character of having to spend all his money.

As soon as he spoke, Liu Hongmei said: "In the next three months, we have to pay all the loans and land payments of Dongyu Real Estate, that is, Dongyu's 4 billion yuan must be paid off. As for the rest, the loan from the supermarket will be repaid." The money is not too much, and the profit of the supermarket is enough to support it.

Moreover, the profit of the supermarket can also meet the development plans of the three provinces, and will be used to fill in the 500 million funds that Mr. Li previously allocated to the supermarket.

The other is the mall. The mall is already partially profitable. If there is no large-scale expansion, self-sufficiency is still possible.

The logistics side needs to invest because it has to meet the needs of the mall, but the remaining money from the previous period will be enough for the next three months. "

"So, the gap is Dongyu Real Estate's 4 billion?"

"Um."

"It sounds so weird to me." Li Dong said a little speechlessly: "I didn't realize it before, but now, if I pay off the money, wouldn't it mean that Dongyu Real Estate has lost all its debts? "

"right."

"Is there a real estate company like ours in China?"

Wu Shengnan next to him smiled wryly and said, "Mr. Li, our company is different. There is nothing we can do about it because of Longhua's troubles on the green land side. On Dongyu's side, it is because our house has not been built yet and we have to pre-sell it. In fact, we have not won many lands, and only a few districts are on sale.

You have to comply with the rules, so the money must be taken out, but in this way, Dongyu Real Estate will also become the most stable real estate company in China. "

"A real estate company that doesn't owe a penny is of course stable!"

Li Dong complained, and then said: "4 billion is a lot, do you have any ideas? How do we get this money?"

Before anyone could say anything, Wu Shengnan said, "Mr. Li, aren't you expecting a sum of 3 billion yuan to enter the company in the next few months?"

Others hadn't received the news before, but when Wu Shengnan mentioned it, many people started talking in low voices.

3 billion is not a number, will the company have 3 billion funds coming in?

Li Dong rolled his eyes, this woman actually took it seriously!

His 3 billion refers to the money in his stock market, but when that money will reach 3 billion, who can tell.

Even Li Dong himself can't guarantee it. The latest is probably September.

At that time, even if the money comes, it will not solve the urgent need.

He was just trying to frighten others, but since Wu Shengnan brought it up, Li Dong had no choice but to say: "The money should arrive in June and July, so for the time being, everyone should not count on it."

"June and July?"

Everyone was a little disappointed, but soon someone asked: "Mr. Li, can I ask, is this someone who wants to raise funds for Yuanfang?"

"Almost, anyway, you will know after a while. Don't worry about this, I will do it later. But before you continue to think about my question, what should I do with the 4 billion funding gap?"

"Let's take a loan."

Sun Tao, who has been silent all this time, said: "Our debt is actually not too high, especially after paying off the 4 billion, the debt is less than 2 billion, and the market value of Yuanfang has reached 15 billion, we can definitely borrow another a sum of money.

I don’t dare to do too much, I think it’s easy to have around 1 billion, and it doesn’t put too much pressure on us. "

After Sun Tao finished, Wu Shengnan also said: "In addition to loans, we Dongyu still have a lot of houses. Now the real estate industry has almost stabilized, and the real estate market will definitely pick up in the future. According to our estimates, within one or two months at most, It is still possible for the housing market to stabilize.

At that time, we can continue to pre-sale. If the remaining houses of Dongyu Real Estate can be sold out, about 1.5 billion can still be raised.

In addition, there is also a closed area on the green land, and the green land holds some of our original houses, which are still worth 500 to 600 million yuan. It is not a big problem for Dongyu to make up 2 billion yuan. "

"Three months, are you sure?"

Wu Shengnan was a little hesitant at first, but quickly said: "If we earn less, there is still hope for three months."

Li Dong said speechlessly: "Don't hope, I'm afraid of hearing such an uncertain answer. If the money can't be raised in three months, I will pin my hopes on this again, aren't you cheating me? "

"I promise!" Wu Shengnan said solemnly.

"I believe you once, that is, you have to bear half of it yourself. If Sun Tao takes out a loan, then try it. After a loan of 1 billion, it will be 3 billion."

Li Dong did some calculations, and said with some relief: "Then the funding gap is only 1 billion. I'll figure it out myself."

Compared with 4 billion, 1 billion is much easier.

Not to mention that Shen Qian is preparing to issue corporate bonds, even if they fail to issue after three months, he can still cash out 1 billion in the stock market.

But you can't relax completely, although Wu Shengnan promised, but who knows if something unexpected will happen.

Once Wu Shengnan's house can't be sold, the gap will be big, and he still has to prepare a preliminary plan.

After discussing the matter of money, everyone then reported on the current situation of the company.

Wang Yue and Yuan Chengdao also reported on the current market development situation. At present, it seems that Jiangsu and Zhejiang are making the fastest progress.

At present, Wang Yue has reached an agreement with the government, and has won some stores suitable for Yuanfang. According to Wang Yue's estimation, in April and May, some stores in Jiangsu and Zhejiang should be able to see some Yuanfang supermarkets.

Next is Lu Province, which Yuan Chengdao is in charge of. The situation here is also good, and the whole plan can be finalized before the new year at the latest.

By the beginning of spring next year, the branch store plan can be launched, and Lu Province should also be able to see distant stores in June.

The only thing that disappointed Li Dong was Jiangxi Province. Although Kelong sent three groups of people there, the progress was still much slower.

The person in charge of this matter is Wu Bo, the new general manager of Kelong Supermarket. After being named by Li Dong, Wu Bo, who entered the high-level meeting for the first time, seemed a little nervous and said tremblingly: "Mr. Li, the main reason is that the market environment in Jiangxi Province is not very good. Well, especially when competitors boycott us.

Led by Hong Kelong, a native of Gan Province, Hong Kelong has been based in Jiangxi Province for many years and has occupied about 50% of the market in Gan Province.

When we marched into Jiangxi Province from afar, they carried out sabotage in many ways, so the progress was much slower. "

"Hong Kelong?"

Hearing this supermarket, Li Dong narrowed his eyes. If he remembered correctly, this supermarket should be acquired by China Resources in a few years.

China Resources chose to acquire, on the one hand, it must be that the other party has this value.

But on the other hand, it can also be seen that China Resources itself must have failed to enter the Jiangxi market, otherwise it would not have chosen to acquire Hongkelong in 2011.

It seems that Hongkelong has strength, otherwise it would not be able to resist other retail companies entering the Jiangxi market.

Seeing Wu Bo's cautiousness, Li Dong didn't blame too much. He just told him: "It's slow, it's okay if the progress slows down, but there must be progress. Lu Province and Jiangsu and Zhejiang are not without competitors. Why can Mr. Wang and Mr. Yuan done?

In the end, it’s better to be careful or not. I will give you time in Jiangxi Province, but there has been no progress. I may choose to change coaches. "

Wu Bo's face changed slightly when he heard the words, and then he nodded and said, "Don't worry, Mr. Li, I will redeploy when I go back."

"Well, don't stress too much, just do it well."

After Li Dong finished, he asked other people: "Do you have any questions?"

Everyone shook their heads, Li Dong smiled and said: "Since you are all fine, then I will do what I have to do for a while."

"Today, I only want to make arrangements before the end of the year, a total of three things.

First, the annual meeting.

This year's annual meeting is scheduled for January 26, and the relevant departments are well prepared. This is the first time that an annual meeting will be held at our headquarters. I hope it will be a lively one.

After all, the company achieved remarkable results in 2006, the more lively the better.

Second, the company will prepare to issue a batch of corporate bonds recently.

Mr. Shen is responsible for this. I hope that all departments will cooperate as much as possible. After all, even if the funding gap is filled, if Yuanfang wants to develop, money is still indispensable.

Third, the company needs to be restructured into a joint-stock company.

As for joint-stock companies, there is one thing that is essential, that is, the board of directors.

Although you called the chairman of the board before, there is actually no board of directors in Yuanfang, so in the next time, I will focus on the preparations of the board of directors.

Who can be on the board?

How many people are on the board?

I will make overall arrangements for these matters. In addition, some of you may join the board of directors. I hope that everyone can work together to develop Yuanfang better! "

After finishing these, Li Dong got up and said, "That's the end of today's meeting, the meeting is over."

He picked up the teacup and was about to leave, but the others were all moved.

The annual meeting and corporate bonds are fine, but the board of directors is closely related to them.

Li Dong wants to set up a board of directors, and some of them will join, who will join?

Entering the board of directors, no matter whether Li Dong continues to be a dictator or lays down a lot of rights in the future, it is a symbol of identity and status, and an indispensable benefit.

At this moment, everyone's hearts couldn't help beating.

(to be continued..)

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