The real estate tycoon was humiliated by 40 dollars

Text | Two treasurers

1 second plunge 87%, doesn't that sound exciting? Do you think that which Tianshan Old Zhuang is resurrected and is smashing the disk with billions? The truth is absurd, and the smashing funds are only 40 yuan.

40 yuan is less than a hearty takeaway, but it can smash 87% of the market value, which is very harmful and insulting. Humiliated by 40 yuan, it was Yi Xiaodi, one of the "Six Gentlemen of Wantong".

Thirty years ago, Feng Lun, Wang Gongquan, Liu Jun, Yi Xiaodi, Wang Qifu, and Pan Shiyi gathered together to roar and gather righteousness, and the jianghu people called them "Wantong Six Gentlemen". They adopt the same system as The Water Po Liang Mountain: the seat is orderly, and there is no difference between the benefits,

In the initial period of the real estate industry, the "Wantong Six Gentlemen" stood out from many grassroots entrepreneurs. When they began to engage in real estate, Wang Shi was still thinking about pouring corn, engaging in garment factories, and watch factories.

After the good men of Liangshan laid down some rivers and mountains, they parted ways. Wantong, which started with the "Water Margin Model", eventually broke up. Leaving Wantong, Yi Xiaodi, like Pan Shiyi, engaged in real estate.

In 1999, Yi Xiaodi founded Sunshine 100 and brought the company to the Hong Kong stock market in 2014. Yi Xiaodi's impression of the outside world is always wearing a dark suit, soft and gentle. Engaged in real estate, Yi Xiaodi can also be called "Buddhism".

As can be seen from the sales, in 2014, the sales of Sunshine 100 were about 6.667 billion yuan. Sales in 2020 are around 10.5 billion, and in the same period, the 100th place has sales of more than 33 billion.

After its listing in 2014, it began to transform from a traditional residential developer to a non-residential business, and in 2015, Yi Xiaodi added a cultural tourism real estate and took over 51% of Li Yapeng's Snow Mountain Art Town project.

Later, the de-industrialization of the snow-capped mountain town was not ideal, and the news that Li Yapeng was forced into debt was everywhere. Someone went to the snowy mountain town to shoot the scene, and found that the weeds were taller than people, and the eyes were desolate.

In 2019, Yi Xiaodi decided to leave the mainstream residential real estate market and go all out to attack the innovative product line composed of commercial complexes, Himalayan serviced apartments, and cultural tourism towns.

Non-residential business is not wanted to engage in, the operation of service capabilities are high, and the long return on funds is also a great test. Yi Xiaodi failed to win the battle, in the first half of the year, Sunshine 100 net loss reached 360 million yuan, an increase of 5234% year-on-year. In the first 11 months, sunshine 100 sales of about 2.913 billion yuan, down 67% year-on-year.

Under the downturn in performance, sunshine 100 has problems with funds, and bonds and mature notes have defaulted one after another. Bad fundamentals make investors lose interest. The trading volume of Sunshine 100 is like stagnant water, and even three or four thousand Hong Kong dollars can play for a day.

On December 6, the share price of Sunshine 100 fell from 0.39 yuan per share to 0.05 Hong Kong dollars per share in one second, causing the stock price to plummet by 87% because someone hung a sell order for 1,000 shares at the price of 0.05 Hong Kong dollars.

According to this price, 1,000 shares only cost 50 yuan, or Hong Kong dollars, that is, 40 yuan. But if a listed company has a little confidence, why is it so humiliated? Some investors said, if you can buy, I want to use 860 yuan to pull a double increase, do you think Yi Xiaodi does not want to? It's easy to smash down, and pulling it up is like ascending to the sky.

In the history of business, there are always few evergreen trees, and the glory is always blown away by the rain and the wind. In the face of the dilemma of Sunshine 100, perhaps, the people will say: The old lady cooks donkey skin ejiao - it is difficult.