My 1999
Chapter 696 Fuhua Real Estate
The base price of multi-storey residential buildings can increase by 40%.
In addition, there are other miscellaneous incomes such as parking space rental and elevator advertising in the community.
In the third quarter of 2004, New Century Real Estate's property revenue exceeded 100 million Chinese dollars.
In addition, New Century Real Estate provides its own power supply and northern heating for large residential areas, without using the municipal government.
Nowadays, the price of electricity per unit of electricity is 50 cents across the country.
Residential heating is implemented based on the built-up area of the apartment at 19.5 yuan/square meter per quarter.
There will definitely be no heating bills in the third quarter.
However, the electricity bill generated 14.95 million Huaxia coins.
Calculate it this way.
The entire New Century Real Estate's main business income in the third quarter of 2004 was 2.75 billion Chinese dollars.
Net profit was 636 million Chinese dollars.
Total assets are 84.3 billion Chinese dollars and total liabilities are 30.692 billion Chinese dollars.
The debt ratio is 36.3%.
This debt ratio is not high, and can even be said to be low in the real estate industry.
The reason is simple. Hanhua chose to convert the money from the two funds into shares of New Century Real Estate.
Because the $5.5 billion investment from Fund No. 1 has not yet expired, the divestiture of New Century Real Estate is not complete.
“What is the current market value of New Century Real Estate?”
"68.9 billion Hong Kong dollars."
“The stock price has risen so much?”
Xu Liang said in surprise.
Last month it was less than 60 billion.
"Benefiting from the economic development in the Mainland, Xiangjiang's real estate market has also recovered. Real estate stocks are now popular, and New Century Real Estate is standing behind you, so the company's stock price has risen so fast.
In addition to the established real estate giants such as Cheung Kong, Hutchison Whampoa, New World and Sun Hung Kai, we are the next one. "
Xu Liang nodded and put down the document in his hand.
“There are still nine months until Fund No. 1 expires. Within these nine months, New Century Real Estate’s land bank will be increased to 40 million square meters.
The sales area of commercial housing next year will increase to 3 million square meters.
Don’t follow the New Dream Project if it’s below the second tier.
Apartment projects can be added at your own discretion. "
"OK."
"Is there any progress at JJ Disco?"
"We are still negotiating. Currently, only one owner has signed a contract to expand the Xinjiekou plot to 3,618 square meters.
But Mr. Xu, Xinjiekou belongs to the old city of Beijing. All buildings have a height limit of no more than 45 meters. It may be difficult for us to build high-rise apartments. "
Xu Liang understood.
"At 45 meters, it can only be used as a small high-rise building."
"Um."
"Then let's build a small high-rise. Although 3,618 square meters is a bit small, it is enough to build an apartment. If you try to continue to merge the land, the price can be higher, and you can control the scale yourself."
"clear."
"Also, this apartment is built according to the standards of 'Golden Maple Apartment'."
After Sha Zhigang agreed, "By the way, Mr. Xu. Our name change has been completed. From now on, New Century Real Estate will be renamed Fuhua Real Estate."
Xu Liang nodded.
There are too many similar names like New World, New Century and Sun Hung Kai in the Hong Kong stock market.
He still prefers the ‘Fuhua’ brand he founded.
"Mr. Xu, I heard that there is an '831' deadline?"
"You also know?"
"I dare not not pay attention to such a big thing."
Xu Liang smiled and said, "This is indeed true. After August 31 this year, the local government prohibits the transfer of land in any name by agreement. All land transfers will be through bidding."
Although the bidding, auction and listing system was introduced in 2001, in most places across the country, 80% of land parcels are still transferred by agreement.
In other words, each real estate company relies entirely on relationships. If you have strong relationships, you can get them, but if you don’t have enough relationships, you can’t get them.
This is very unfriendly to some foreign companies.
Because the local government naturally favors local companies.
"This is really good news for us. We no longer have to look at the boss's face in the future." Sha Zhigang said excitedly.
Xu Liang was also very happy.
In the past, Fuhua and Taihua had their eyes on a good piece of land, but because they had already acquired a lot of commercial land and not all of it had been built, out of the need to balance the risks, even if they offered a higher price, they would just sell the land directly. to another real estate developer.
Fuhua and Taihua cannot take advantage of their financial advantages.
This is also the reason why he chose to cooperate with Delong in the first place.
Delong has been established for a long time, has a great reputation, has far deeper connections with local governments than he does, and can get good land.
Now that the 831 deadline has come out, this tight curse has been lifted for Fuhua and Taihua.
From now on, I will spend money on whichever plot of land I care about.
Don't be afraid that you won't be able to take it off.
"Now that the east wind is coming, major real estate companies have no intention of acquiring land in order to clean up their mess. We are taking advantage of this wind to acquire more land in major first- and second-tier cities across the country.
Especially for high-quality land in the city center, you can get as much as you can. "
"Mr. Xu, when I get back, I will hold a meeting with the branches below and let them get the land."
Xu Liang stood up after nodding.
"Don't be in a hurry to get the land. It's noon. Let's go have dinner first and then get busy with our business after dinner."
"Can I order something?"
"Haha, of course you can. Just order whatever you want, I'll treat you." Xu Liang smiled.
"Just go to Sixi Lou, I like their Sixi meatballs."
After lunch, Sha Zhigang left in a hurry.
Return to the company in the afternoon.
Xu Liang picked up the phone on the table and hesitated to call Liang Yingyu, the head of Hanhua Mars 10 Fund.
Currently, there are six Hanhua Huaxia Mars Funds.
Fund No. 1 Lu Bingyun is responsible for the medical and pharmaceutical direction, with a management capital of 1.5 billion Chinese dollars. It will expire at the end of December 2004, and the amount of funds raised will definitely increase.
Zhang Ying of Fund No. 3 is responsible for catering and the Internet, and manages US$500 million in funds.
Fund No. 4 Liang Si is responsible for the Internet and hard technology direction, and also manages US$500 million in funds.
Shen Nanpeng of Fund No. 6 has just joined the company. His designated investment directions are technology, medical care and consumption. He currently manages US$170 million.
After expiration at the end of this year, the future amount of funds raised will be US$1.5 billion.
Liu Zhiping, head of Fund No. 8, focuses on energy, banking, and chemicals as his main investment directions, and currently manages US$1 billion in funds.
Finally, there is Liang Yingyu’s No. 10 fund.
She also specializes in investments in the medical and consumer sectors, managing $200 million.
Currently, he has invested in Huayi Company, Neptune, WuXi AppTec, People's Pharmacy, Enlight Media, and four companies that Xu Liang has never heard of.
Very good.
The call was answered quickly.
A calm female voice came over.
The image of a young woman in her early thirties with short ear-length hair, a smart lady's suit, and a capable temperament quickly emerged in Xu Liang's mind.
"Hello, Mr. Xu."
"Sister Liang, have you read the information I sent you?"
"I've seen it. But are you really sure that this cross talk company called 'Deyun Society' has development prospects?"
It's not that she doesn't believe in Xu Liang's vision, nor does she look down on the cross talk industry, but it's really hard for her to believe that a cross talk performance company can become big.
"I haven't missed it in all these years. Sister Liang, do you want to make a bet with me?"
"bet?"
"If Deyun Club is valued at over 100 million within three years, you will personally cook a meal for me and Xiaoyang."
"Although I really want to agree, I'd better forget about my cooking skills. I can't afford to ruin you and Mr. Jiang again. And your investment vision is recognized by the world, so I won't make such a losing bet. ”
Xu Liang smiled and changed the subject.
“Has Bona’s investment not been settled yet?”
"No. Yu Dong's asking price is too high. We invested 15 million US dollars, but we could only get 15% of the shares. Although it was the first company to obtain a distribution license and had a deep relationship with the China Film Company, Bona was not yet Worth $70 million."
"Then just wait."
Although Xu Liang knows that Bona's future development is very good.
But investment is not about you in five or six years, but now.
Today's Bona is not worth that much money.
Xu Liang didn't intend to interfere.
As for Deyun Club, it was just a matter of convenience.
If you can't think of a good project, forget it. If you come across it, you can't miss it.
Unless the other party’s price is too high or they don’t want to raise funds.
"Where's the little fat sheep?"
"We are still talking about it, but it will be soon."
Before 2004, Little Sheep was at its peak. Relying on the agency and franchise model, it opened 720 stores in less than five years after its establishment.
During the peak period, a new store was opened every three days on average, and the annual turnover directly reached 4.3 billion yuan.
This kind of brutal expansion looks like a flourishing business, but in fact, due to the lack of management standards and supervision, a series of problems such as customer rip-off and poor taste have arisen.
However, after the boss Zhang Gang realized the problem, he actively solved it.
By withdrawing agency rights and closing unqualified franchise stores, etc.
The number of Little Sheep stores was reduced to 300 in one year.
However, due to improved management, passenger traffic increased, and revenue miraculously maintained a balance.
Little Sheep really started to decline after Zhang Gang sold the company to Parkson.
But the current Little Sheep is definitely in chaos.
This is also the reason why Xu Liang agrees with Liang Yingyu’s investment.
"Little Sheep's reform path is still right. This time we will try to take advantage of their chaos to get more shares."
"Mr. Xu, when I was chatting with Zhang Gang, he was interested in selling the company. Should we just take down the little sheep?"
Liang Yingyu knew that the company had a merger and acquisition fund.
As the top catering chain brand in the country, Little Sheep has great influence. If it can successfully turn losses into profits, it will not only gain a strong catering brand, but also be a good publicity for the company's M\u0026A business.
Xu Liang thought for a moment and then shook his head.
"never mind."
Hanhua's mergers and acquisitions business has been reformed, and the company's money will be retained for expansion in the two major areas of supermarkets and wine.
When these two industries stabilize, preparations must be made for the merger and acquisition of Delong Group.
Compared to Deron, a little fat sheep is nothing.
Seeing that he was not interested, Liang Yingyu didn't mention it again.
After chatting for a few more words, Xu Liang hung up the phone.
He let out a long breath and walked to the window, looking at the bustling market outside and stretching.
I looked at the time and simply packed up the things on my desk.
Picked up the clothes, turned around and left the office.
Sorry, I just finished writing now because I have something to do tonight.
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