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Chapter 932 Annual Meeting (2)
…
"Now, K. Wah Hotel Group owns a total of five-star hotel brand 'Kia Wah', four-star hotel brand 'Han Palace', three-star hotel brand 'Tang Ting', express hotel brand 'Home Inn', scenic resort hotel
'Xinru', a total of 5 hotel brands! Now, after more than a year of rapid expansion, there are already 8 Jiahua five-star hotels, located in Quancheng, Daocheng, Jingcheng, Jinmen, Zhengzhou, and Taizhou.
Original, Shanghai, Hangzhou! There are 18 four-star hotels in Han Palace, 36 three-star hotels in Tangting, 159 Home Inns, and 68 Xinru Resort Hotels!"
"...In addition, there are three Jiahua five-star hotels in Ningbo, Guangzhou, and Wuhan that have purchased properties and are undergoing renovations. They are expected to open in two months. There are also 5 Han Palace hotels.
11 Tangting hotels, 20 Home Inns, and 14 Xinru resort hotels are in the renovation stage, and they will all be open by April next year at the latest!”
Although he had long known that K. Wah Hotels Group was expanding very rapidly, Liu Dong was still surprised by Shao Tiejun's expansion speed. In just over a year, K. Wah Hotels expanded from less than 40 hotels to five brands
, the level of 387 hotels, and there are still 50 hotels under construction!
At this scale, even if Liu Dong has invested tens of billions in it, it is not enough. After all, of the more than 10 billion he has invested, at least half of it is used for the large-scale project of converting courtyards into hotels. This is left to Shao Tiejun
The funds under his free control are only more than 5 billion. Although this is already a very huge amount of funds, 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 asked with a frown.
"130%!" Shao Tiejun looked at Liu Dongdao with some anxiety.
Seeing that Liu Dong was silent, Shao Tiejun quickly said: "Dr. Liu, the hotel industry does not have too high barriers. It requires sufficient funds to be able to expand rapidly, so I think that our Jiahua Hotel Group should expand in foreign hotels."
Before the group enters China on a large scale and local hotel brands develop, we will seize the market first and establish a dominant position in one fell swoop. As for debt, as long as there is no large-scale economic collapse, our capital chain will not be broken!"
"...The domestic economy is now stable, with no signs of an economic crisis, and because of the special political and economic system, unless a war breaks out, the domestic economy will not experience much turmoil, so I think we can fully use debt to expand at this stage.
, to expand the number of hotels of K. Wah Hotel Group in China to more than 2,000 within three to five years, completely establishing our position as the dominant player in the hotel industry!"
Looking 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 copied quickly. As long as there are enough funds, it can achieve rapid expansion! And unlike others, the hotel industry is an industry that can be copied quickly.
The scale of the industry has reached hundreds of billions of Chinese dollars, and it is still expanding rapidly with the development of the domestic economy. The earlier it is deployed, the better it can occupy the commanding heights of the market.
"How much profit does K. Wah Hotel Group have now?" Liu Dong did not immediately express his position.
But Shao Tiejun, who was already very familiar with him, was secretly happy. As long as Liu Dong didn't refuse immediately, he knew there was a possibility. He immediately said: "This year's total turnover of Jiahua Hotel Group has reached 3.178 billion.
Huaxia Coin, profit 1.559 billion!"
After nodding, Liu Dong smiled and said: "You used all the money to buy properties. Then you used mortgage loans to expand the hotel, right?"
"Yes, Director Liu!"
This method came from Liu Dong's own suggestion, so Shao Tiejun admitted it simply.
After pondering for a while, Liu Dong said again: "If I invest another US$1 billion in you, can the number of K. Wah hotels reach 1,000 next year?"
"Of course!" Shao Tiejun said without hesitation.
By purchasing the property for US$1 billion, plus the mortgage loan, Shao Tiejun can obtain at least US$1.5 billion in funds. Adding the profit of the hotel itself, it is US$2 billion, 16.4 billion Chinese dollars, enough to turn the current K. Wah Hotel Group's
More than doubled in size!
"By the way, what's going on with the renovation of the courtyard in the capital now?" Liu Dong said suddenly.
"All the residents of Nanluogu Lane have been relocated. The renovation project is now in full swing and will be completed in up to two years!"
"Well, please sit down first!"
Liu Dong waved his hand, and Shao Tiejun did not hesitate and sat down quickly after hearing this.
Feeling the envy and even jealous looks of his colleagues around him, Shao Tiejun felt a little proud. 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.
Come down!
The next step is Jiahua Tourism Development Company. However, the current Jiahua Tourism Development is mainly the Qingzhou Yanghe Project and the Hubei Guanjiachong Tourism Project. Both projects are owned by the company, and there are not many other external jobs.
, so the profit is not high, only more than 15 million!
Qingzhou Yanghe Management Company, due to the completion of the first and second phases of the project and the guidance of Jiahua Travel Agency, has received more than 1.5 million tourists in the past year and made a profit of 300 million, while Qiangwei Xiao
The town project will be completed next year, and by then the profitability of Qingzhou Yanghe Management Company will reach a higher level.
Another Guanjiachong tourism management company was just established this year. Because the development of the scenic spot has not been completed, it is not yet profitable!
The performance of Ctrip, the last branch of K. Wah Group, impressed Liu Dong last year. Ctrip, which is mainly engaged in Internet, air ticket purchasing, train ticket purchasing, and hotel booking business, has provided services to K. Wah Hotel Group, as well as K. Wah Travel Agency and Yanghe Scenic Area.
It brought at least one-third of the customers!
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 made a plan at the conference table to invest another 200 million to promote the development of Ctrip next year!
The form of Jiahua Group is somewhat similar to that of Dongchao Group, with several subsidiaries forming a ‘one super, many strong’ situation!
Qiangwei Jewelry of Dongchao Group and Jiahua Hotel Group of Jiahua Group are the only subsidiaries of the two groups with total assets of more than 20 billion Chinese dollars.
Most of the remaining total assets are less than 2 billion, and the only one with more than 2 billion is probably Jiahua Travel Agency. If the Qiangwei Town is completed, the Yanghe Scenic Area Management Company can also satisfy it, but it is not available now.
Compared with Dongchao Group and Jiahua Group, although the Huayang Group, which was founded the latest, has formed a situation of one superpower and multiple powers, the gap between them is not that big!
The total assets of Jiahua Real Estate have reached 8 billion. Since Jiahua Real Estate has purchased properties in more than a dozen communities, plus the construction of the group, it also has total assets of 3 billion. The remaining Huayang Real Estate Brokerage Company, Huayang Home Design, Huayang Garden Design and Huayang Ancient Building Restoration are a little behind. The total assets of the four companies combined are comparable to Huayang Property!
After all the 17 subsidiaries of the three groups have been introduced, the summary of the 2001 annual meeting is basically over!
Although Fei Junyi, the president of ATV, Guan Tao, the president of Hanhua Commercial Bank, and Shen Peng, who was recommended by Zhang Fan as the president and EO of Hanhua Holdings, had just joined not long ago, especially the latter who had just joined the company. After a week, I am still at the stage of getting familiar with the business, and there is no development plan at all!
But through this annual meeting, the three of them also had a clear understanding of the company they worked for, especially the strength of the company’s boss! There is no doubt that Liu Dong’s domestic assets have exceeded 80 million, including Hanhua Bank Group. 100 million U.S. dollars! Even after deducting debt, there are more than 4.5 billion U.S. dollars!
"Thank you very much for your hard work in the past year. The three major groups have made great progress under your leadership. I see your efforts and keep them in my heart. I will wait for each company to meet the listing conditions and the timing of listing in the future. When the time comes, I won’t stop you!”
Liu Dong's words made everyone present's eyes light up. What they pursue in life is nothing more than fame and fortune!
Fame, as long as the company develops and grows, it will gain, and profits, only the listing of the company can satisfy them to the greatest extent. Didn't you know that when Microsoft and Yahoo went public, how many billionaires, tens of millions and millionaires were created in an instant? !
They work hard with this activity just to wait until the company goes public and gain both fame and fortune!
Seeing the changes in everyone's expressions, Liu Dong also felt a little emotional. At first, he never thought about listing his company. After all, the company is his own, and these employees also pay their own wages. Why should he give up his company? Share with everyone?
But as he learned business knowledge, broadened his horizons, and improved his cognition, some of Liu Dong's business thinking gradually changed, from a "countryside rich man" who suddenly became rich to a qualified Business leaders transform!
"In the feudal era, everyone knew that rewards were based on merit, let alone modern times!"
Liu Dong shook his head, took out his notebook, opened it, glanced at everyone, and said: "You have finished talking about your plan, now it's time for me! Of course, my main purpose is to make some adjustments to your positions, and everyone What I most want to hear about is additional investment!”
Sure enough, upon hearing the words 'additional investment', almost everyone became more energetic. Even Yang Ke and other people in charge of special industries subconsciously looked towards Liu Dong.