I Have 100 Million Stores

The first page of the information in front of Cao Xingyu showed the 'BBK Group'.

Cao Xingyu, who was in Jiang Gaoguan University, has long been familiar with the name of Backgammon.

When he was young, he was often taken by his mother to visit the backgammon supermarket.

In the busiest city center of their Ling City, Backgammon is a large retail supermarket that people go to most often, and the flow of people is astonishing.

And BBK Supermarket is the largest supermarket in the local area, not one of them.

And such a scene is not unique to Ling City, but every city in Jiang Province must have at least one Backgammon supermarket.

In Sansha, the provincial capital, there are several super-large Backgammon supermarkets.

It can be said to be the most resounding gold-lettered signboard in the field of commercial supermarkets in Jiang Province. Its influence can be said to be one of the best in the field of large retail supermarkets in Jiang Province. Jiang Province can also be called the headquarters of BBK .

This is actually a typical feature of large supermarkets. Large supermarkets such as Wal-Mart, RT-Mart, and Backgammon all have their own spheres of influence.

Therefore, Cao Xingyu knew that BBK was a company and that it was a company born and bred in Jiang Province.

I also know that this company started in Tan City.

In addition to the basic information that Cao Xingyu knew, the content on the paper was quite detailed, far exceeding Cao Xingyu's expectations.

‘It turns out that BBK supermarkets have nothing to do with BBK point-reading machines and BBK vivo mobile phones! ’ After reading the previous detailed introduction, Cao Xingyu muttered softly.

For a long time, Cao Xingyu thought this was the same company!

Now it seems that it is not what he thought at all.

Backgammon reading machine and vivo mobile phone oppo mobile phone are three other independent companies, and they are from Guangzhou!

It used to be called BBK Electronics!

The BBK Group in Jiang Province is a company that focuses on large supermarkets, department stores, and commercial complexes.

At present, there are more than 620 supermarkets, convenience stores, etc. in total!

In conclusion,

It is focusing on the retail industry of supermarkets, and at the same time set foot in large shopping malls. It has also created some well-known large shopping malls such as Backgammon Xintiandi in various cities.

Among them, the most typical and well-known is the new headquarters of BBK in Sansha City, Meixi BBK Xintiandi, a super large commercial complex of nearly 700,000 square meters.

In addition to these introductions of the company on paper, it also involves dozens of indicators such as total assets, total liabilities, debt ratio, operating income, total profit, main business profit... and so on.

‘The total assets are 52.7 billion, but the liabilities are more than 36 billion, and the debt ratio exceeds 60%! ’ Cao Xingyu raised his eyebrows.

really!

When Cao Xingyu saw the commercial complex just now, he was thinking, why does this company look more and more like a real estate industry?

Looking at the debt ratio now, it really looks like it!

How can a normal supermarket have such a high debt ratio?

Backgammon is obviously making the plate bigger and bigger, not satisfied with the early leasing form, and has begun to build shopping malls independently!

So, it gradually became what it is now!

Start entering the field of commercial real estate!

"Last year's revenue was more than 40 billion, but the net profit was only 170 million, not even 200 million?!" Cao Xingyu clicked his tongue slightly when he saw this data.

But he quickly reacted again.

This result is also normal!

After all, aggressively marching into self-built commercial real estate, this field needs a lot of funds to fill.

And there are loans and debts.

Backgammon is carrying such a high amount of debt, which will naturally put huge pressure on corporate profits, and interest-bearing debts of up to tens of billions will greatly consume retail profits!

"It's interesting." Cao Xingyu said thoughtfully:

"If it is said that Xie's Group is based on the sale and rent model, then Backgammon is based on supermarkets and rent?"

"Sure enough, everyone has ideas!"

And the mod seems to be pretty good too!

You must know that within Jiang province, BBK supermarkets are a gold-lettered signboard, which guarantees the flow of people.

Usually, if there is a BBK supermarket in a shopping mall, it is a big gimmick, and it will be heavily publicized, which can attract many merchants to settle in.

The BBK Group is using this to attract investment for its commercial real estate!

The effect is simply amazing!

"However, the annual profit is less than 200 million..." Cao Xingyu raised his eyebrows:

"It's only four or five days of system subsidies if you're exhausted?!"

"Am I already this strong?"

This is the first time that Cao Xingyu has an intuitive impression of subsidies.

He really didn't think about it so much before.

Now that he suddenly saw the net profit of BBK Group, Cao Xingyu suddenly found that his daily subsidy had reached an astonishing figure.

"but..."

"More than six hundred stores."

"Self-holding ten large commercial properties."

"The number of employees is more than 70,000."

"The ultimate profit is..."

"This also fully shows that the entity is not easy to do!" Cao Xingyu curled his lips helplessly.

Look at the Internet again and think of Ahri and Penguin!

Net profit of nearly 100 billion in half a year!

The cash flow in the account has been maintained at the level of 100 billion for a long time!

Rich and powerful!

Comparing the two, the money earned by the real industry is simply a drop in the bucket.

Call it hard work...

Kind of sad!

It is no wonder that entities decline.

The speed at which the two sides make money is not at the same level at all.

Of course, it is a bit unfair to use Backgammon to benchmark top-tier Internet companies.

But it is stronger than Huawei, and its net profit for the whole year of 2020 will be less than 70 billion.

It is conceivable from this that it is an indisputable fact that it is easier to make money on the Internet and more profitable.

This is why more funds in the capital market have been placed in the Internet market in recent years.

"Why do you think so much?" Cao Xingyu chuckled, putting these thoughts behind him.

No matter how difficult the physical industry is, it's not a problem for him!

No matter how much money the Internet makes, it's still his in the end anyway!

In the future, with the support of physical stores, the four major scenarios of Shiwang Group will definitely be subversive!

Withdrawing his thoughts, Cao Xingyu turned his eyes back to the information.

"Backgammon is also a good investment target." Cao Xingyu pursed his lips and muttered seriously: "And it may not be long before we can consider mergers and acquisitions or holding shares."

The reason for saying this is that Cao Xingyu believes that BBK's assets are very good.

At least two industries are involved.

There are more than 600 supermarkets and convenience stores. Although Cao Xingyu has not set foot in it yet, he believes that these should belong to [retail industry] or [daily necessities industry].

In addition, the shopping malls it owns have also set foot in the [real estate industry].

Therefore, if Backgammon can be incorporated, it will certainly be of great help to the growth of Shiwang Group.

"The market value is over 10 billion, and it's not expensive." Cao Xingyu glanced at BBK's market value. This price was within his expectations.

Although BBK's total assets are more than 50 billion yuan, after deducting the total liabilities, the actual amount of assets is only tens of billions.

Coupled with the low annual profits, the current price-to-earnings ratio of the stock price has reached nearly 20 times, which is already quite high.

"When the catering industry reaches its peak in Sansha City, it will be a good move to incorporate backgammon." Cao Xingyu said while marking on the paper.

Then, Cao Xingyu turned to the second page.

Fuxing Group, the boss Yi Dasheng.

This is another well-known company in Sansha City, but Cao Xingyu has never heard of it before.

Judging from the information, this company is mainly engaged in the development of industrial parks.

Several well-known industrial parks in Sansha City were created by him.

These include science and technology parks, industrial zones, financial backstage, cultural and creative industrial parks, logistics industrial parks, etc.

"This should also be considered the real estate industry." Cao Xingyu muttered.

Overall strength looks okay.

It's just that the industrial park doesn't seem to be very important to Shiwang Group, it's a bit too single.

The investment value is definitely in the back row.

After a pause, Cao Xingyu turned back directly.

Dihai Investment Holding Group, Li Xiaoming.

A well-known real estate company in Beijing, also involved in property, infrastructure construction and so on.

The main investment scope is concentrated in Beijing, and the most famous project is Guohai Plaza.

"Sure enough, the real estate industry is really capable of creating wealth." Seeing real estate developers one after another, Cao Xingyu couldn't help but mutter.

As for Beijing City, it will definitely go in the future, but it is still a very distant thing right now.

Therefore, Cao Xingyu directly skipped Dihai Group, which is currently not of high value to Shiwang Group.

Dongfang Hongyu, Li Weiguo.

The first waterproof material and construction company in China.

"This seems to be used when doing real estate projects independently." Cao Xingyu commented.

At present, the main business of Shiwang Group is still around the store, and waterproofing is not its requirement.

Cao Xingyu skipped directly again.

Lance Technology, Zhou Feiqun.

"Good guy, a company with a market value of hundreds of billions! This should be a real boss in the entire Jiang Province!" Cao Xingyu chuckled.

After all, Cao Xingyu was not too surprised.

With a market value of hundreds of billions, in his current opinion, that's all.

And this Lance Technology, the main products include window protective glass, touch screen monomer, touch screen module, camera module, fingerprint module, camera, button, ceramics, metal accessories, etc. The products are widely used in mobile phones, tablet computers, Laptops, TVs, digital cameras, players, GPS navigators, automotive instruments, smart homes, medical equipment, etc.

Its major customers mainly include Huawei, Samsung, Xiaomi, etc., so the most widely used field is the mobile phone industry.

"The mobile phone industry... Maybe Shiwang Group will also get involved in the future." Cao Xingyu nodded. This company still has certain value, and there may be opportunities for cooperation in the future.

After marking 'mobile phone industry, to be determined', Cao Xingyu turned back again.

Yisan Heavy Industry, Xiang Bo.

"There's nothing to say about this. A giant in the field of heavy industry equipment has a market value of more than 200 billion." Cao Xingyu commented: "When Shiwang Group gets involved in self-constructed real estate projects in the future, it will be used when purchasing facilities and equipment."

Anker Innovation Technology, Yang Meng.

This is the first time Cao Xingyu has seen this company.

Unexpectedly, there is still a market value of more than 70 billion.

"It is one of the global consumer electronics brand companies with the largest revenue in China. It is a consumer electronics brand that designs, develops and sells charger smart accessories and smart hardware. Its products are exported to hundreds of countries around the world..." Cao Xingyu I got a general understanding of it.

not bad.

It's just that at this stage, it has nothing to do with Shiwang Group.

Naturally, Cao Xingyu was not very interested.

The founder of Chopsticks, Su Hua.

One of the leading companies in the short video field.

This is naturally a company that Cao Xingyu is familiar with, since it is in the Internet industry after all.

"For the time being, there seems to be no chance of cooperation, and there is no conflict of interest with the Shiwang brand." Cao Xingyu pursed his lips.

In the field of short video, Cao Xingyu has no idea at present.

Turning back, several acquaintances appeared one after another.

Cornerstone Information Group, Li Chu.

Runhe Real Estate, Chen Shexing.

Decorated by Shiwang, Yuan Chaohui.

These three are old acquaintances, Cao Xingyu has already had contact with them, and they all started to cooperate.

However, through these materials, Cao Xingyu had a clearer understanding of the strength of these three people.

It can only be said that the strength is not strong, and they are not listed, but they should still have billions of net worth.

Xie Zilong, the owner of the common people's pharmacy.

Starting in Sansha City, the total number of pharmacy stores exceeds 600, involving 15 provincial markets, with a total operating area of ​​100,000 square meters and a market value of 20 billion.

"Pharmacy, maybe the Shiwang brand will also get involved in the future." After thinking about it, Cao Xingyu felt that this possibility is still very high.

In the future, the Shiwang brand will definitely be involved in basic necessities of life, and the pharmacy is closely related to life and is a necessity for people's life.

Naturally, Cao Xingyu will not let go of this field that can strengthen the coverage of the Shiwang brand membership card.

"Let's directly acquire or hold shares in the future!"

"Just don't worry, this pharmacy is located in 15 provinces across the country, and I have only opened Sansha City now. It is not cost-effective to spend a lot of money to buy it. Let's talk about it after the system map is expanded!"

"With a net profit of one billion in the past year, it can be regarded as a profitable buyer who is much stronger than ever." Cao Xingyu couldn't help but chuckled.

After marking 'deep cooperation', Cao Xingyu continued to look down.

Al Ophthalmology, Chen Bangbang.

Cao Xingyu is very familiar with this company, and has seen it in reality before.

He thought it was a small eye hospital.

Unexpectedly, this company has a market value of more than 250 billion.

"There are more than 400 eye hospitals across the country, very strong!" Cao Xingyu pursed his lips.

In the long run, this company is also valuable, similar to ordinary pharmacies!

It can expand the coverage and scope of use of the Shiwang brand membership card.

It is an option for future investment.

Cao Xingyu continued to look back.

...

Time flies by.

Looking at it, three hours passed in the blink of an eye.

Cao Xingyu was so excited to watch that he even forgot to eat.

At this moment, he has seen all the companies in the early 100s.

These enterprises involve all walks of life.

Most of them belong to the real estate industry and the physical field, and there are very few high-tech Internet companies.

This is normal. Internet companies are concentrated in the coastal areas. Except for Su Hua, who is a chopsticks hand, none of the Jiang Province natives are from Jiang Province.

At the same time, Cao Xingyu also made some simple markings.

Many of them have cooperation value in the short term, some have cooperation value in the future, and some are to be determined.

Looking at the information this time has broadened Cao Xingyu's horizons a lot.

He found out where he is now!

There are still many fields to get involved in, and the market in each field is not small, and there are established competitors.

Just like the mobile phone industry!

There are several mountains!

The competitive pressure is enormous!

At the same time, the acquisition of shares and mergers and acquisitions is not a simple matter.

Even if there is a compulsory share sale card, it still needs to pay a huge premium!

The funding requirements in this regard will be quite huge!

"Entrepreneurship is indeed an extremely difficult road!" Cao Xingyu sighed: "There is a long way to go!"

After chanting, Cao Xingyu put away the materials, got up and left the office.

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