Amid the applause and the attention of everyone, Wang Qiang, who looked calm, picked up the documents she had prepared long ago... After mastering the Dongchao Group for more than three years, she is no longer the timid young girl she was.
They have been trained by the cruel shopping malls to become true business elites.
Moreover, in February of the first half of this year, she was also selected into the top ten of the most powerful women in Asia selected by the US "Newsweek". She is recognized throughout Asia and even the world's business community, especially the jewelry and luxury goods industry.
Have a certain status.
"Now the entire Dongchao Group has five subsidiaries: Qiangwei Jewelry, 'Taiyi Pavilion' Art Company, Puhua Red Star Auction House, Wenrui Gallery and 'Chenxiang Pavilion' Art Company, a total of five subsidiaries! Among them, Qiangwei Jewelry's
There are four luxury goods companies: Qingcheng Jewelry, Van Cleef & Arpels, Piaget and Lange, which specialize in high-end jewelry and watches, and have 312 directly operated stores around the world. Qiangwei Jewelry brand, which specializes in mid-to-low-end jewelry, has sales in China and Japan.
, South Korea, Southeast Asia and other Asian markets have 1,830 direct stores in 23 countries! It also has three diamond cutting and processing plants in South Africa, China, and the Netherlands.”
"...As of the end of July this year, the turnover of the entire Qiangwei 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! In addition, we have now begun to cooperate with the fifth largest jewelry company in the United States.
The chain company 'Phiru' has launched acquisition negotiations. If successful, we will take over their 894 branches in the United States, Canada and Mexico, and achieve the goal of doubling the company's total assets!"
"Mr. Wang, the head office is not financially well-off, so I'm afraid it won't be able to provide more financial support for the acquisition of Qiangwei Jewelry!" Liu Dong said.
"In fact, Qiangwei Jewelry has prepared US$1.5 billion in funds for this acquisition. And we are contacting the Industrial and Commercial Bank of China. If everything goes well, it will not be difficult to obtain a US$1 billion loan based on the company's reputation and strength. Yes.
With this US$2.5 billion in funds, if we also pay a certain share of the merger of the two companies, I don’t think we need the financial support of the parent company!”
When facing Liu Dong in front of everyone, there was no gentleness on Wang Qiang's pretty face, and she looked businesslike.
"Then there's no problem!"
Liu Dong nodded.
He is no longer as narrow-minded as he was at the beginning.
As long as he can control the controlling rights of Qiangwei Jewelry, Liu Dong has no objection to giving up some shares in order to expand the company's scale.
Later, Wang Qiang introduced the situation of the four companies, Taiyi Pavilion, Puhua Red Star Auction House, Wenrui Gallery and Chenxiang Pavilion.
Among them, Taiyige has the best development. Although it cannot be compared with Qiangwei Jewelry, under the leadership of Yang Ke, Taiyige has completed the layout of direct-operated stores in major first- and second-tier cities across the country and is heading towards
Business expansion in third-tier cities with relatively developed economies.
The company's total assets have also exceeded 2.5 billion Huaxia coins. Although it is not too much in Liu Dong's opinion, it has been able to develop Taiyi Pavilion, which is mainly engaged in wood carving, as well as bronze, stone carving, brick carving and other niche businesses, to this level.
The scale is enough to show Yang Ke’s ability!
Not counting Qiangwei Jewelry, the total assets of the four subsidiaries have exceeded 5 billion Chinese dollars, and the profits in the first half of the year have exceeded 600 million, and the full-year profit is expected to be 1.2 billion.
Although it is less than one-eighth of Qiangwei Jewelry, compared with the scale of these four companies, it is extremely difficult to achieve this level of profitability!
Moreover, it has something to do with Liu Dong's support for antiques and artworks. After all, among the more than a hundred sunken ships he fished out from the sea, a large number of artworks are not fine works. Except for a few that were collected by Liu Dong in museums, 80
More than %, nearly one million pieces of art will be sold through Puhua Red Star and Chenxiang Pavilion.
The huge quantity is enough to ensure high profits for these two companies for decades!
According to the old order of past annual meetings, after the report of Dongchao Group is completed, it will be the turn of Jiahua Group, which is ranked second after the establishment of Dongchao Group!
Under Liu Dong's gaze, Shao Tiejun, who had now successfully defeated his old rival Guo Hongtian and became the president of Jiahua Group, stood up with high spirits. He is no longer the frustrated person he was when Liu Dong first acquired Jiahua Group.
Shao Tiejun. Instead, he controls the largest hotel chain group in China, the top ten travel agencies in Asia, the largest domestic travel website, the top three tourism development companies in Asia, 7 domestic and foreign tourist resorts, and the total capital of the group reaches 35 billion.
The top elites in the business world of Huaxia Coin!
"As of the first half of this year, Jiahua Group has become the owner of the 'Summer Palace' super five-star hotel; Jiahua Group has 34 five-star hotels, 152 Han Palace four-star hotels, and 328 Tangting three-star hotels.
There are 256 hotels and 589 Home Inns!... 272 branches of Jiahua Travel Agency!... A total of 7 directly operated scenic spots including Qingzhou in East Shandong, Guanjiachong in North Hubei, and Qilongling in Anhui! Total assets are 356
A large group with a turnover of 14 billion Chinese coins and a profit of 3.5 billion Chinese coins!"
“What is the group’s debt ratio now?”
Liu Dong's words made the excited Shao Tiejun's face freeze, but looking at his boss's calm eyes, he quickly said in awe: "It has dropped to 65%!"
Although Liu Dong has received a huge investment of US$2 billion and nearly 17 billion Chinese dollars since its establishment, it took three years to expand a group company with total assets of less than one billion Chinese dollars to its current huge scale. Bank loans
Support is a very important factor.
Of course, bank loans have supported the rapid expansion of K. Wah Group, but they have also saddled the group with heavy debts.
"65% is still a bit high! In the next few years, K. Wah Group's development strategy must be prudent and strive to reduce the group's debt ratio to 30% within two years!"
"Yes, Chairman!"
Shao Tiejun felt bitter in his heart after agreeing.
He knew that with Liu Dong's decision, Jiahua Group's crazy expansion policy over the past three years or so came to an end!
Although he had expected this day, when it actually arrived, Shao Tiejun still felt a little uncomfortable.
Although Shao Tiejun felt uncomfortable, Ma Weicheng, the president of Huayang Group, who was sitting next to him, was even more uneasy 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 most 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%. In the past three years, the bank loans owed to the five major domestic banks have reached 30 billion Huaxia
currency!
Although the debt ratios of the five companies Huayang Home Design, Huayang Property, Huayang Real Estate Brokerage, Huayang Garden Design and Huayang Ancient Building Restoration are not as high as Huayang Real Estate, even the lowest Huayang Ancient Building Restoration
Companies have exceeded 45%!
The entire group's liabilities exceeded 45 billion Chinese 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 was still making rapid progress in the real estate market. He simply nodded and named Dongfang Iron and Steel Group, which was behind him.
President Fang Zhengchun made a report.
"...As of the first half of this year, the second phase of the 1,200-ton steel equipment at the Yan*tai Steel Plant of Dongfang Iron and Steel Group has been installed, and equipment debugging and trial production are now underway. At most, by the end of this year, the production capacity of the Yan*tai Steel Plant will reach 25 million
tons! The third phase of the project will be installed in early 2005!... The Dongfang Copper 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 allowed everyone here to see the rise of a large steel group. As the president of the group, Fang Zhengchun was proud but also a little embarrassed, because so far, after annexing Daewoo Steel, Dongfang, with total assets of more than 8 billion US dollars,
The steel group has not really made a profit yet!
Moreover, it also assumed liabilities of US$3 billion after the acquisition of Daewoo Steel!
Liu Dong didn't say much about this. Investment in heavy industry has always been based on the long term!
After talking about Dongfang Iron and Steel Group, Hanhua Securities, Hanhua Investment Management, Hanhua Fund, Hanhua Insurance, Hanhua Holdings, and Lin Ling's Lejia Group made reports in sequence.
Although their total capital is not as large as the previous companies, most of them are around US$1 billion. More importantly, they do not have as heavy a capital-liability ratio as Huayang Group and Jiahua Group!
Cathay Pacific, driven by Liu Dong's acquisition of Daewoo Group, merged with Shinhan Airlines. The number of passenger and cargo aircraft owned by Cathay Pacific exceeded 160. As the international aviation industry recovered, Cathay Pacific's market value was once close to 160.
Ten billion US dollars, although it has fallen back, it is still a top 20 international aviation giant with a market value of 7.5 billion US dollars.
However, the biggest surprise for Liu Dong was Emperor Entertainment Holdings. Emperor Entertainment, which is engaged in the Macau gambling industry, has been established for less than two years and has already contributed 1.2 billion US dollars in net profit to Liu Dong!
It is the most profitable of all companies!
Subsequently, Shangyuan Group, Global Trading, American Dingsheng Fund, icq Instant Messaging Company, Fengrui Agriculture Company, and Matrix Media have huge market values, almost each of which exceeds 4 billion US dollars. However, Shangyuan Group is building the Hanhua Group in Hong Kong.
The headquarters building has no surplus funds.
Global Trading has ordered two 300,000-ton cruise ships, two 200,000-ton dry bulk carriers, and four 250,000-ton ore carriers from Daewoo Marine & Marine Engineering, and two 300,000-ton natural gas ships from Hyundai Shipbuilding.
Transport ships, an order of nearly US$1.3 billion, wiped out the entire account balance of Global Trading, and also owed a loan of US$600 million to Hanhua Bank.
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