#头条讲真的#
Title: Wanda Group's annual meeting ended in a low-key manner, reflecting on the development strategy and meeting future challenges
Introduction: Recently, Wanda Group held a low-key 2023 annual celebration in the Wanda Vista Hotel in Beijing. Compared with the traditional version of the past with unprecedented pomp and circumstance, this year's annual meeting seems rather deserted, and even the media publicity is significantly less than ever. Looking back on the past 36 years, Wanda Group's annual meeting has always been an important platform for corporate influence, especially the Wanda Spring Festival Gala, which has become the focus of keen attention of employees and people who care about the development of enterprises. However, due to the recent failure of Zhuhai Wanda Commercial Management to achieve the stock listing as scheduled, the VAM agreement signed also failed, and it is rumored that Mr. Wang Jianlin also behaved unusually low-key at the 2023 annual meeting, so that the Wanda Spring Festival Gala and his outstanding solo performances in previous years were shelved. This unusual event has also made people deeply worried about the future development of Wanda Group.
Text: Looking back on this year's Wanda Annual Meeting, people can't help but sigh that things are wrong. In stark contrast to previous years, the event was extraordinarily quiet, and the media attention was greatly reduced. Only from the few words of the announcement published on the official website of Wanda Group, we can learn a little about this annual meeting. According to reports, as a major restructuring plan proposed by Zhuhai Wanda Commercial Management in 2021, it is expected to complete the listing by the end of the year. If not, it may need to pay up to RMB30 billion in equity buybacks. However, the latest data from the Hong Kong Stock Exchange shows that the company's prospectus is once again in trouble with approval, which means that it may not be able to successfully achieve listing in the short term, so that the financing plan will not be successful. For Zhuhai Wanda Commercial Management, if it fails to achieve stock listing as expected, I am afraid it will encounter irreparable losses. Spurred on by this incident, Mr. Wang Jianlin has clearly become more cautious at this year's annual meeting. The previously acclaimed Wanda Spring Festival Gala and his charismatic and popular performances have all disappeared this year.
Today's Wanda is facing a severe test. Although Wanda Group has world-class commercial real estate development capabilities and rich cultural industry resources, it is facing the pressure of fierce competition from the domestic and international markets, how to strive for a larger market share, and how to deal with the challenges of diversification and many other problems. In the first quarter, Wanda Group's revenue fell 54.9% year-on-year, and the loss amounted to 7.86 billion yuan, far exceeding the same period last year. Although Wanda has initiated a series of rectification measures to actively adjust its business model and transform its growth mode, there is still great uncertainty in the current macroeconomic environment, and it remains to be seen whether it will be able to tide over the difficulties. In this special period, the general public hopes that Mr. Wang Jianlin will continue to lead Wanda on a healthier and more sustainable development path, and set a good example for Chinese enterprises.