Resource Tycoon Reborn

Chapter 48 The crisis of excess (2)

Although Rongsheng Heavy Industry Group Company still holds a large number of ship orders, it is an indisputable fact that the number of ship abandonments and ship construction delays has increased significantly. Moreover, Rongsheng Heavy Industry Group Company is heavily in debt and has a large number of financial institutions such as banks.

The debt reaches more than 24 billion yuan, involving 16 banks, three trust companies and four financial leasing companies. It is like a time bomb, making Shangguan Yi uncomfortable! Because he is better than ordinary people

Know more about the inside story of Rongsheng Heavy Industry Group Co., Ltd., know its actual situation, and know more clearly what kind of powerful impact it will have if it cannot survive!

In today's China, due to the rapid development of the shipbuilding industry in recent years, severe overcapacity and global industry downturn, in the short term, most state-owned enterprises and group companies in the same industry are unwilling to expand or integrate resources by acquiring bankrupt shipbuilding companies. Non-listed companies in the same industry

Companies or large groups have no intention to enter the shipbuilding industry, which makes it difficult to complete the asset disposal of bankrupt shipbuilding companies. Several bankrupt companies have experienced multiple failed auctions at asset auctions. Moreover, the debt repayment rate of these bankrupt shipbuilding companies is extremely low.

Judging from existing precedents, the final actual repayment rate of bank claims is only 10% to 15%! This means that banks that lend money to these shipbuilding companies will face huge losses! This also makes

Many domestic banks have taken loans from shipbuilding companies one after another, which has undoubtedly made those shipbuilding companies that were already in trouble even worse!

Donghai Province is a province with a major shipbuilding industry. The difficulties faced by shipbuilding companies will naturally seriously affect the development of the local economy. How to solve this problem has become the most important issue for the Donghai Provincial Government in recent times. Shangguan Yiwei

This is also very nerve-wracking.

It was Shangguan Yi who proposed to contact Guo's Shipping Group Co., Ltd., hoping that it could take a stake or even acquire Rongsheng Heavy Industry Group Co., Ltd. Although the number and scale of shipyards owned by Guo's Shipping Group Co., Ltd. are not the largest in the country, its benefits

But it is definitely the best. Although the global shipbuilding industry has shown signs of decline, judging from the news Shangguan Yi received, Xiangjiang Shipbuilding Industry Group Co., Ltd. still maintained a considerable profit margin last year.

There are many reasons for this. For example, most of the ships built by Xiangjiang Shipbuilding Industry Group Co., Ltd. are high-tech ships. There are only a limited number of shipyards in the world that can build the same type of ships. Most of the domestic shipyards that can build the same type of ships are

The technology obtained from Xiangjiang Shipbuilding Industry Group Co., Ltd., so the market competition is not so fierce in comparison. For another example, Xiangjiang Shipbuilding Industry Group Co., Ltd. has a major customer, Guo's Shipping Group Co., Ltd., which also ensures that it will not be without ships.

Kechuang Guoshi Shipping Group Co., Ltd. is constantly eliminating older ships every year, or transferring them, or simply scrapping them. For another example, Xiangjiang Shipbuilding Industry Group Co., Ltd. not only has a number of companies, including the Second Gulf Bank, but

With the support of banks, it can also obtain high-quality, stable-priced marine steel plates from many steel companies such as Liaoning Iron and Steel Group Corporation, which also makes its construction cost lower than that of its peers... As the middle of the entire industry chain

, it doesn’t have to worry about raw materials, and it doesn’t have to worry about customers. Of course, its life is comfortable.

If Rongsheng Heavy Industry Group Co., Ltd. obtains a shareholding or even acquisition from Xiangjiang Shipbuilding Industry Group Co., Ltd., then many of the problems it is currently facing will be solved. I am afraid that by then these banks will have to chase Rongsheng Heavy Industry Group Co., Ltd. for loans.

.

Look at Jiangning Automobile Group Company today. In just a few years, Jiangning Automobile Group Company has transformed into a large automobile production group company with an annual output of over one million cars. Its products are sold well all over the country, and even

Regarding exporting overseas. Although the number of exports can only be said to be insignificant compared with the total output, how many automobile companies in the country can export overseas?

The miraculous development of Jiangning Automobile Group Company has also strongly promoted the development of related industries in Donghai Province. Needless to say, Nangang Group Company, which has been acquired by the Fang family, many local automobile supporting companies in Donghai Province have also benefited from Jiangning Automobile Group.

The company was reborn from the ashes and got a great opportunity for development, and it grew rapidly. The industrial group formed with Jiangning Automobile Group Company as the leader has become a pillar industry in Donghai Province. He himself

Being able to successfully take over the position of provincial governor last year was largely due to the strong political performance support of Jiangning Automobile Group Company.

Shangguan Yi very much hopes that Rongsheng Heavy Industry Group Co., Ltd. can become the next Jiangning Automobile Group Co., Ltd. and become the industry leader in the shipbuilding industry. He also mentioned this matter to Rong Zhizhang, the chairman of Rongsheng Heavy Industry Group Co., Ltd.

Rong Zhizhang also deeply agrees with this and welcomes Xiangjiang Shipbuilding Industry Group Co., Ltd. and even Kuok Shipping Group Company to inject capital into Rongsheng Heavy Industry Group Company. Of course, Rong Zhizhang still hopes to maintain his status as the largest shareholder.

Shangguan Yi, however, believed that this was not something that could not be discussed.

He has been paying attention to Fang's companies for a long time. He found that Fang Mingyuan attaches great importance to the control of the company. If he cannot become the largest shareholder, unless he can reach a controlling stake with a trusted ally, he will give up most of the time.

Opportunities for equity participation. The only companies in which Fangjia Capital can only be a general shareholder are those super-large listed central enterprises. Of course, Rongsheng Heavy Industry Group Co., Ltd. does not have this qualification. Therefore, in the future, Xiangjiang Shipbuilding Industry Group Co., Ltd. or

Talking about Guo's Shipping Group's share of shares in Rongsheng Heavy Industry Group, Shangguan Yi supports it to become the controlling shareholder. Only when it becomes a company that the Fang family can control, will the Fang family be able to run this company without restrictions!

Shangguan Yi did not appreciate Rong Zhizhang, the chairman of Rongsheng Heavy Industry Group Co., Ltd. He thought this man was a bit slippery, but he was a role model for his predecessor. Although his predecessor had been transferred to other provinces,

It's not good for him to go too far.

Shangguan Yi has conveyed the news of cooperation to the management of Guo's Shipping Group Company for almost a week, but Guo's Shipping Group Company still has no response. This makes Shangguan Yi both excited and a little worried.

If Guo Shipping Group Company intends to acquire Rongsheng Heavy Industry Group Company, Shangguan Yi will naturally give the green light to cooperate in all aspects as much as possible. Moreover, he has another idea, but he has not told others. He hopes that Rongsheng Heavy Industry Group Company

After being acquired by Guo's Shipping Group Company, the resources of these shipbuilding companies in Donghai Province were further integrated and reorganized, thereby changing the situation of too many small and medium-sized enterprises in the shipbuilding industry of Donghai Province and low industrial concentration. Enterprises competed for the same homogeneity.

The result of the fierceness is bottomless price bargaining. The result is that the company's profit margin is getting lower and lower, and it is ultimately unsustainable. For those shipbuilding companies with low technology levels and small industrial scale, he believes that those that should be eliminated must be eliminated and those that should be transformed

It is necessary to transform and change the current situation of the shipbuilding industry in Donghai Province through industrial structure adjustment!

The development of the shipbuilding industry in Donghai Province in the past few years sounds like a booming development, but in essence it is a disorderly development. Bank capital is optimistic about the shipbuilding industry, private hot money has invested in the shipbuilding industry, and the local government blindly pursues GDP. A large number of small and medium-sized enterprises are

They were established under such circumstances. Some shipyards even got on board first and then bought the tickets, and quickly launched without the suitable shoreline resources for poor and lower-middle peasants. Many shipyards were even blindly optimistic, thinking that after building the ship, they could always sell it and the price would increase.

, there are even shipyards engaged in no-order production. But now, the outbreak of the economic crisis and the arrival of the industrial winter have made these companies panic.

"Governor, Vice Governor Wei is here." The secretary's voice interrupted Shangguan Yi's thoughts.

"Well, let him come in." Shangguan Yi said in a daze. Wei Haohong was the deputy governor in charge of industrial production. If he suddenly came over, it was most likely that something big had happened.

Wei Haohong walked into the office with a heavy face. Shangguan Yi greeted him and sat on the sofa. He asked with a smile: "Lao Wei, who is provoking you again? It can't be me, right?"

"Hey, it's not those foreign devils from Belgium!" Wei Haohong said angrily, "I think they deliberately don't want to pick up the ship on time!"

Shangguan Yi suddenly realized that he also knew about this matter. Donghai Shipbuilding Industry Group Company is a large-scale shipbuilding enterprise in Donghai Province. Its products cover major ship types such as bulk carriers, car carriers, and container ships. Its products are exported to Southeast Asian countries, South America, and Europe.

and other parts of the world, becoming a major foreign exchange earner in exporting mechanical and electrical products in Donghai Province.

At the end of 2007, Donghai Shipbuilding Industry Corporation signed a contract with a Belgian shipping company to build six 10,000-ton chemical carriers, with a total value of over 100 million U.S. dollars. It was a sensational event in the Donghai shipbuilding industry at that time. 20

In April and August 2009, the first two ships of this series of ships were successfully delivered. However, in May 2010, the Belgian side suddenly requested Donghai Shipbuilding Industry Group Co., Ltd. on the grounds that sea trials and commissioning were overdue.

The price of the subsequent four ships was reduced by 10% on the basis of the original contract price! After repeated negotiations between the two parties, in the end, in order to ensure the smooth delivery of the subsequent ships, Donghai Shipbuilding Industry Group Company recovered the purchase price and avoided the abandonment of ships, which would cause greater damage.

Due to the losses, we had to agree to Belgium's request.

But the Belgian shipping company did not settle down because of this. In the days that followed, it tried to embarrass the Donghai Shipbuilding Industry Group Company in various ways!

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