In 2021, real estate enterprises ushered in a cold winter, and the performance of nearly 30 housing enterprises represented by Evergrande thundered. In January 2022, the top 100 companies only achieved sales of 525.6 billion yuan, a year-on-year decline of 39.6%. It can be said that it is a mess.
What is surprising is that the two news at the end of March and the beginning of April are related to Wang Jianlin, the former richest man who has just experienced Waterloo in previous years.
According to the official website of Wanda, on March 28, Xinyuan Group and Wanda Group held a strategic cooperation signing ceremony in Beijing. Wang Jianlin, chairman of Wanda Group, Daniel Zhang, chairman of Xinyuan Group, and other executives attended the event.
According to the agreement, the two sides will establish a comprehensive strategic partnership to give full play to their respective advantages in business management, asset management, industrial real estate and technology research and development.
Then, April 1, April Fool's Day, a comedic day, broke another major news.
On this day, Jianye Group signed a strategic cooperation agreement with Wanda Group to reach an agreement on the cooperation of the right to operate its commercial projects. Jianye Residential Group Co., Ltd. will cooperate with Zhuhai Wanda Commercial Management Group Co., Ltd. in the overall operation and management mode of all commercial projects. This cooperation Wanda paid a 10-year rent of 700 million yuan to Jianye Group, with Wanda's operating strength, the future rental income is as high as ten times or even dozens of times, this transaction can be described as a full pot of money.
Sigh...
It is really shocking to chin, not long ago the Internet was full of news that Wanda was insolvent, and Wang Jianlin's various operations of selling and moving were dazzling.
All kinds of ridicule, look down, people who have fallen into the well are endless, and they have not thought of copying a number of high-value commercial properties with their backhands in recent days, and it seems that the strength does not allow Lao Wang to keep a low profile.
I have to say that it has to be you, and it has to be you, Lao Wang!
How did the richest man of the year become the first loser, and now the king has returned to become the richest man?
At that time, in 1986, the 32-year-old Wang Jianlin responded to the country's call for "million disarmament", ended his 18-year military career, became a member of the government unit, and embarked on the road to politics.
Two years later, in 1988, the 34-year-old Wang Jianlin's family ushered in two major events, the first major event was the birth of his son Wang Sicong, and the other major event was that he began to change his career to the sea into the real estate industry, earning more than 10 million yuan in profits through an "old city transformation" project, and then established wanda group, which opened Wanda's nearly 30 years of barbaric growth.
Wanda has now developed into a large enterprise group mainly in the modern service industry, including commercial management groups, cultural groups, and investment groups, of which commercial centers, film and television, sports, and children's industries are in the leading position in the world. Up to now, 418 Wanda Plazas have been opened in more than 200 cities in 31 provinces, autonomous regions and municipalities directly under the Central Government.
As early as 2015, Wang Jianlin ushered in the peak of his career, surpassing Li Ka-shing to become the richest man in China, and made a lot of investment in film and television, entertainment, sports, cultural tourism and other sectors. Even said that Disney can not make money in China, in the face of doubts directly responded: the money they earn can be spent as much as they want, and a hundred million has become a small target in the mouth.
It's really unlimited scenery and domineering.
However, the good times were not long, and the rumors of Wanda's debt of 4,000 in the second half of 2017 did not go unnoticed, which was later confirmed by Wang Jianlin at the company's annual meeting. In June, the CBRC suddenly pointed the spearhead at Wanda-6 overseas projects, financing was strictly controlled, and almost overnight Wanda suffered double killing of stocks and debts, banks cut off loans, and the Wanda Building seemed to collapse in an instant.
The trigger also began with the "Malaysia City Incident" in Malaysia, when the Prime Minister visited Malaysia and in November 2015 China Railway Corporation claimed to have acquired a 60% stake in the Malaysia City project. Later, it was cut off by a Chinese private enterprise at 2 times the price, and such a big temptation of interest was difficult for the Malaysian government to resist.
According to the Malaysian government's planning, the "Malaysia City" project is mainly based on the Montreal underground city in Canada, and after completion, it is the second largest project in the world of the same type. The planned Malaysia-Singapore high-speed rail terminal, a number of city tracks, intercity railways and airport express lines will all intersect in "City Malaysia" in the future. This is the layout of the "Belt and Road" strategy between China and Malaysia connecting the mainland, and the original purpose of the relevant departments to let Wanda participate in the bidding should be known to everyone, and they did not want to kill this cheng halfway and the central enterprises head-on.
In May 2017, the Malaysian Prime Minister visited China to participate in the "Belt and Road" Summit Forum, and indeed did not visit senior officials at the first time, but visited Wang Jianlin, and the ceremony was very solemn. This incident has aroused the dissatisfaction of the relevant authorities, and Wanda's move to undermine the centennial development plan of the country's "Belt and Road" international cooperation will inevitably be pressured by the government, so that the Waterloo encountered later can be understood.
So Since the second half of 2017, Wanda has decisively opened the selling and selling model, and I have to say that Wang Jianlin's heroic spirit of breaking his wrist and surviving with a broken arm is still very worthy of Xu Boss and others to learn well.
Wang Jianlin sold 13 cultural tourism cities and 71 hotels to Sunac and R&F respectively, recovering nearly 70 billion yuan in cash; quickly emptying out real estate projects including AMC Cinema, World Ironman and real estate projects in the United States, the United Kingdom, Australia and other countries, recovering more than 23 billion yuan in cash; in 2018, the joint consortium of the management company and the theater to Tencent as the main sponsor recovered about 34 billion cash; and the sale of Centennial Life Company recovered 3 billion yuan in cash. Through the sale of a series of non-core assets, the accumulated debt repayment is about 220 billion yuan, and the asset-liability ratio has dropped to about 50%, far lower than the debt level of Evergrande, Sunac, Vanke and other peers.
Wanda, which has experienced phoenix nirvana, has now actively responded to the call of the state, cooperated with the national development strategy, and has begun to understand politics. Not only did it invest heavily in the first red cultural tourism project in Yan'an, but it also reached a war cooperation with FAW to start selling cars in Wanda Plaza nationwide, and also took the lead in replacing all the company's vice presidents and above with red flags.
Now that the king has returned as a knight in white, he can't help but sigh with emotion from the previous group of people who sang down.
In response to the previous evaluation of Ma Dad's sentence: This is not Ma Yun's era, but the era of Ma Yun. Therefore, enterprises ultimately need to follow the trend and actively cooperate with the national policy, so that the big policy can ride the wind and waves, rather than evade supervision and violate the rules.
According to relevant information, as of September 30, 2021, Dalian Wanda Commercial Management Group Co., Ltd. had a total asset of 582.923 billion yuan, liabilities of 300.782 billion yuan, and a total of 278.702 billion yuan of equity attributable to the shareholders of the parent company.
It should be noted here that the total assets are mainly the core assets of wanda held by Wanda in 418 wanda plaza, and the valuation is only calculated according to the investment cost, not the market value at the time, so the actual total fixed asset value of Wanda after deducting liabilities may be as high as 500 billion to 600 billion yuan.
Wanda Real Estate's plan to change its name to Wanda Commercial after delisting from Hong Kong failed in its A-share listing plan, which was terminated in March last year. Now it has changed its name to Wanda Commercial Management to introduce Zhuhai state-owned assets, and is once again eager to try to return to the Hong Kong stock market, with a current valuation of up to 200 billion yuan or even 300 billion yuan.
Not only that, Wanda began to collect calligraphy and paintings many years ago, basically Wang Jianlin's personal collection, the number of thousands of pieces, it is said that the market value of nearly 50 billion yuan, the future may appreciate to 100 billion yuan.
It can be seen that Wanda's actual fixed assets plus Listed assets such as Wanda Commercial Management, Wanda Film, and Wanda Hotel Development may be as high as nearly one trillion yuan, which can't help but make people feel that Jiang is still the spicy of Lao Wang.
Wang Jianlin's assets are really hundreds of billions, unlike some rich people who only hold stock assets, but are only literally worth it. Therefore, Wang Jianlin's strength as the richest man, the return of the king in 2022 still did not disappoint everyone.