Chapter 803 Balance Sheet

The No. 7 Courtyard of the Provincial Party Committee.

The dinner was very quiet, and Du Anmin barely said a word at the dinner table.

He didn't speak, so Li Dong and Shen Qian had no choice but to keep silent.

When the dinner was almost over, Du Anmin suddenly said, "Today is September 19th."

Li Dong said in a daze, "Yes, today is the 19th."

"The Seventeenth National Congress will be held on October 15th, and on the 13th I will lead a team to the capital to attend."

Du Anmin said something without beginning or end, and then fell silent again.

Li Dong suddenly understood!

As soon as the 17th National Congress of the Communist Party of China was over, Du Anmin had to leave.

In other words, there was only one month left in his ruling career in Jiangbei, or even less than one month.

For a moment, Li Dong also forgot what to say.

Du Anmin was really going to leave, even though there had been news that he was going to leave since the beginning of the year, Li Dong had already made preparations.

But when he was about to leave, Li Dong suddenly felt a little empty again.

Although Lao Du hasn't given Yuan Fang much help in the past few years, there are some things that cannot be seen on the surface.

Before the rise of Yuanfang, if it weren't for Du Anmin's platform, Yuanfang's development would not have been so smooth.

Although Li Dong has gained a firm foothold now, Du Anmin's departure will more or less affect the distance.

This is not the most important thing, Li Dong subconsciously glanced at Shen Qian.

With Lao Du gone, I am afraid that he will never have the chance to return to Jiangbei to govern in this life. If he comes back, it will be a big trouble.

And if Lao Du doesn't come back, how long can Shen Qian stay in Jiangbei?

As long as Du Anmin is an official, he will not return to Jiangbei as long as there are no major incidents in the future. It is rare for the resigned No. 1 Provincial Party Committee to return to his place of work. Avoiding suspicion is also a skill in the officialdom.

Since Lao Du will not come back again, can Shen Qian really stay in Jiangbei forever?

While Li Dong was looking at Shen Qian, Shen Qian was also looking at him.

But Shen Qian quickly averted her gaze, lowered her head and continued eating.

Du Anmin didn't care about the two of them, took a few bites and put down his chopsticks: "Yuanfang's foundation is too flimsy, if it is a group of less than 10 billion, Yuanfang has this foundation to support it.

But now Yuanfang's assets are tens of billions, and its business covers most of China, not just Jiangbei.

At this time, you should have a solid foundation, expand rapidly, and seem to be prosperous, but in fact it is a rootless plant.

The State-owned Assets Supervision and Administration Commission was indeed instructed by me. I understand your thoughts, but the addition of the State-owned Assets Supervision and Administration Commission will only make your foundation more solid. After three to five years of polishing, it will be the opportunity for Yuanfang to continue to expand. "

Du Anmin didn't hide it either. Li Dong found him today, and he knew that Li Dong had seen through the matter.

However, he was not afraid that Li Dong would see through everything. He did this by himself only in the hope that Yuan Fang would be stabilized.

Now in the distance, it seems that the fire is cooking oil, and the flowers are blooming.

In fact, it is perilous and besieged on all sides.

In the past few years, Li Dong walked so fast that it was dazzling.

Unlike Internet companies, the foundation of doing business so fast is definitely not stable.

Regardless of the large-scale expansion of Yuanfang Supermarket, in fact, Yuanfang Supermarkets everywhere are now ostentatious, and their core competitiveness has not been established at all.

Once there is a change, it is not surprising that it collapses overnight.

This time, why Suguo dared to take action against Yuanfang is because of this point. Otherwise, if they were replaced by companies such as Bailian or RT-Mart, Suguo would never dare to put all their eggs in one basket and fight to the death in southern Jiangsu.

Li Dong didn't deny it when he heard the words, he was silent for a long time before saying: "Just seize the day and night."

In just four words, Li Dong's attitude is fully expressed.

He knows the crisis in the distance, he understands the disadvantages in the distance, but what he needs is time and speed.

If according to what Du Anmin said, after three to five years, will there still be opportunities in the distance?

Taking advantage of the fact that domestic and foreign retail giants have not yet divided up the entire market, Li Dong unfolded the framework at this time. As long as the crisis is overcome, it will be a smooth road.

Of course, in this way, the danger has naturally increased several times.

But Li Dong couldn't care less,

Looking back and forth, he could only drink soup after others.

Not to mention competing for the world's retail dominance, even in China, companies such as China Resources and Bailian can't catch up.

Hearing what Li Dong said, Du Anmin couldn't help frowning.

Seeing this, Li Dong said in a deep voice: "Domestic retail companies are all thinking this way, to build a solid foundation before trying to develop, so that they will be stable, but they have also missed many opportunities!

If they hadn't looked forward and backward, there would be no room for Wal-Mart and Carrefour in China now!

Wal-Mart is bolder than us, and they have big steps. It took a few years to go the way that domestic chain supermarkets have gone for decades.

How long have China Resources and Bailian been established?

After decades, they have lost land one after another, and they are even more timid in the shopping in first- and second-tier cities. In the end, half of the market was divided by foreign capital!

I don't understand, what are they afraid of?

With the support of national policies and funds, the right time, place and people are all in place, so why is it still losing ground?

After much deliberation, there is only one word, fear!

Fear of failure, fear of being blamed by the higher-ups, fear of losing the current market, whatever.

These state-owned enterprises have much better resource channels than ours, but they don't have the courage to fight. Anyway, they have an iron rice bowl. If the company collapses, it will be a big deal to change to another company to continue working.

But the company cannot fail in their hands, otherwise they will have to be held accountable and lose their jobs.

The common problems of state-owned enterprises have not changed after so many years of reform and opening up.

And the general psychology is to bully the weak and fear the strong. Wal-Mart and Carrefour are too strong, and we can't beat them.

Since you can't beat them, you have to find a target, who to fight with?

Fighting against Yuanfang, Xinyijia, and major local private enterprises, winning is credit, and if you can't win, with the support of the state, are you afraid that you can't win these private enterprises with insufficient capital?

Even if you can't win, it's okay, private companies can also be absorbed and transformed into state companies.

In the end, everyone was able to save face, and the incorporated private enterprises honestly followed the above route and continued to fight those private enterprises.

This is the endless loop in China for so many years, and it has not changed.

Why can Internet companies bloom everywhere?

Because the state-run ones are not good, they have no technology, no strength, and no opportunities to take the lead, so they fundamentally lose their competitiveness.

So without the suppression of the state-run, they can go higher and open their minds more..."

"Unbiased!"

Before he could finish speaking, Du Anmin frowned and interrupted: "The phenomena you mentioned exist, and I don't deny it.

However, your subjective tendency is too strong. The dispute between state-run and private-run is not just a dispute over the line, nor can you change it with a few words.

What the country considers is the overall situation and the overall industrial layout.

How much does it help the country's overall strength to rise just because a certain industry is leading?

You are too one-sided to consider these from your perspective.

The existence of state-owned enterprises is not as useless and restrictive as you imagine. When the social system has not yet entered that stage, countries in some industries must take one step at a time.

Over the years, you should be aware of the changes. The government is loosening some restrictions, and it will take time.

You can't become fat if you eat one bite, you have to understand this truth. "

Li Dong sighed and said: "I understand this truth, but I can't manage the affairs of the country, I can only manage myself now."

Du Anmin said a little tiredly: "So you must gamble once?"

"It's not a bet. Of course, I don't object to what you say."

"But you have to know that the future is uncertain. At your age, to achieve such an achievement..."

Du Anmin persuaded him a few more words, if Li Dong was someone he didn't know and had nothing to do with him, he would encourage him to fight.

Whether he fails or succeeds, it doesn't matter to him.

If it fails, a company will go bankrupt. Even if a company with a scale of tens of billions of dollars goes bankrupt, it will also go bankrupt.

And it was his success that boosted the local economy.

But Li Dong is different. This guy is likely to be his future son-in-law. Once he loses this time, can the young Li Dong withstand such a blow?

Rising from adversity is not something ordinary people can do.

If he loses, Li Dong will probably never stand up again for the rest of his life. This kind of blow is definitely not something a young man can bear.

Seeing that Li Dong was silent, Du Anmin sighed and did not try to persuade him.

Seeing this, Shen Qian said softly, "Dad, help him once. This is his own path, so let him go on his own. If... If there is such a day..."

Shen Qian didn't finish her sentence, but Du Anmin and Li Dong understood what she meant.

After a long time, Du Anmin sighed softly: "Since you insist, then I won't say anything. Tell me about your purpose, and I will do my best."

Li Dong was not in a hurry to speak, but took out a document from the bag next to him and handed it over.

Du Anmin took it over and looked at it for a while, then got up and went to the side to get reading glasses, put them on and looked carefully.

Li Dong and Shen Qian didn't bother, they waited quietly aside.

After about ten minutes, Du Anmin raised his head and asked, "Are these data true?"

"Dad, these data are absolutely true!"

Before Li Dong replied, Shen Qian hurriedly said: "If you don't believe it, you can ask other people to check it. Besides, the major banks are not fools. If it is fake, they can also see it."

Li Dong followed up: "You should also know the news that Yuanfang will raise funds before. These are the value assessments given by professional institutions. Including the valuations given by some bank affiliates and domestic and foreign venture capital institutions, so many institutions give The answers given will never be adulterated."

What Du Anmin held in his hand was a balance sheet.

In this form, the various data in it are the answers given after the statistics of many institutions and Yuanfang itself.

Among them, the valuation of Yuanfang Supermarket reached 16 billion after the distribution center was transferred.

Yuanfang Logistics has reached 6 billion, including the logistics park and Sichuan Airlines that have already started construction.

For Yuanfang Mall, various institutions have given quotations before, and Yuanfang’s comprehensive statistics have given a price of 10 billion, which is not too much.

The other is Dongyu Real Estate, including Yuanfang Building, Greenland Building, Yuanfang Plaza...

After comprehensive statistics, a valuation of 5 billion is given, which is not too much. After all, there is a commercial street project under construction in Pengfei, as well as the land in the western urban area.

In total, Yuanfang's current total assets have reached 37 billion.

Compared with the first half of the year, shopping malls and supermarkets have seen the biggest increase. After this financing plan for shopping malls, various institutions have given extremely high valuations.

Yuanfang Logistics and Dongyu Real Estate have also seen growth in the past six months, and the rate is not too low.

The total assets reached 37 billion, but Yuanfang's liabilities were not too high.

3 billion in corporate bonds, nearly 3 billion in corporate loans, and about 2 billion in supply payments. All in all, it is only about 8 billion.

Seeing that Du Anmin was still deep in thought, Li Dong continued: "Yuanfang's debt ratio is only about 21%, which should be the lowest among the tens of billions of companies.

Major banks and financing institutions give a minimum safety line of 50%, and some banks even give a 70% debt safety line.

Therefore, even if Yuanfang increases its debt by tens of billions, it will be controlled within the safety line. "

"You mean you want a loan?"

"Well, Yuanfang now needs money to tide over this difficulty. And the price given by the financing institution can't meet my expectations. I don't want to sell Yuanfang's property at a low price at this time.

And when we came forward to borrow such a large amount, it would take a long time for the bank to review it.

In addition, the loan amount is too high this time, and it cannot be solved by one or two banks.

I hope that the Jiangbei government can provide us with some help, contact the major banks in the middle, match us up, and complete this financing as soon as possible. "

Du Anmin thought for a moment and said: "Ten billion, this is not a small number. The annual interest alone is hundreds of millions. In addition, such a large loan will not take too long, and it will usually mature in two or three years.

Tens of billions of loans are due collectively. Even if you have survived this difficulty now, will you be able to repay the amount in two or three years?

Drinking poison to quench thirst is not a good thing. "

"I believe in Yuanfang, and I also believe in myself! As long as we overcome the current difficulties, there will be a smooth road ahead, Secretary, Yuanfang can do it!"

Du Anmin closed his eyes and thought about it for a while, finally opened his eyes and nodded, "The government can help you get involved, and even I myself can exert some influence on the major banks.

but……"

As soon as Du Anmin said "but", Li Dong had a bad premonition in his heart.

Sure enough, Du Anmin's cloudy eyes suddenly became sharper, staring at Li Dongdao: "But Qianqian wants to leave the distance, this is the most basic bottom line!"

"My daughter's office in a distant place is not good for you, the distant place, or me. And once I leave Jiangbei, Sissy continues to serve in a distant place, which will only bring you impeachment. You should understand this. "

Li Dong frowned immediately, and Shen Qian next to her also frowned slightly, but she quickly said, "Dad, we understand this even if you don't tell me. Over there, I have already talked with Li Dong, and I will leave as soon as possible. At most it will not exceed the end of the year."

"So much the better."

After Du Anmin said this, he said with a tired face: "That's how it is, you young people go your own way, and I won't be in Jiangbei in the future, and I can live in peace."

After leaving those words behind, Du Anmin went to the study on his own.