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Mi Chunlei is low-key and rarely appears in public. However, there are not many legends about him in the capital jianghu. Lanhai Holdings, which it controls, not only has a layout in many fields such as medical health, banking, real estate, automobiles, coal mines, etc., but also the largest shareholder of Shanghai Life Insurance, with a shareholding ratio of 20%.
Zhongfang Daily reporter Li Ye reported from Beijing
After the Huayi brothers quit the film commune of "old friend" Feng Xiaogang, the mysterious receiver surfaced.
On October 26, Huayi Brothers (Tianjin) Real Scene Entertainment Co., Ltd. withdrew from hainan mission hills Huayi Feng Xiaogang Cultural Tourism Industrial Co., Ltd. Before the exit, Huayi Brothers (Tianjin) Real View Entertainment Co., Ltd. held 35% of the shares, with a capital of 70 million yuan; after the exit, 35% of the equity was undertaken by Shanghai Lansheng Enterprise Management Co., Ltd.
According to the data, Hainan Mission Hills Huayi Feng Xiaogang Cultural Tourism Industry Co., Ltd. was established in September 2012 with a registered capital of 200 million yuan, and owns Huayi Brothers' first live-action entertainment project - Hainan Mission Hills Huayi Feng Xiaogang Film Commune (hereinafter referred to as "Film Commune" with Hainan Mission Hills Huayi Feng Xiaogang Cultural Tourism Industry Co., Ltd.).
The legal representative of Shanghai Lansheng Enterprise Management Co., Ltd. (hereinafter referred to as "Lansheng Company") is Mi Chunlei, who is also the actual controller of Lanhai Holdings (Group) Co., Ltd. (hereinafter referred to as "Lanhai Holdings"), the controlling shareholder of Lansheng Company. Founded in 2003 with a registered capital of 6.5 billion yuan, Lanhai Holdings has more than 20 cross-industry and cross-regional enterprises and nearly 20,000 employees.
In fact, Mi Chunlei is low-key, rarely appears in public, and is more well known as Dong Qing's husband. However, there are not many legends about him in the capital jianghu. Lanhai Holdings, which it controls, not only has a layout in many fields such as medical health, banking, real estate, automobiles, coal mines, etc., but also the largest shareholder of Shanghai Life Insurance, with a shareholding ratio of 20%.
In the "2020 Hurun Rich List" announced in October 2020, Mi Chunlei ranked 560th with a wealth of 10.5 billion yuan.
Take over the film commune
For the withdrawal of Huayi Brothers and the takeover of the Lanhai system, the industry does not seem to be surprised.
One side has lost money for 3 consecutive years, frequently through "selling, selling and selling" to save the emergency; the other side is keen on "buying, buying and buying", and in recent years, it has made efforts in the layout of cultural tourism and health care real estate.
According to the data, Wang Zhongjun and his brother Wang Zhonglei are the consistent actors and the controlling shareholders and actual controllers of Huayi Brothers.
From 2018 to 2020, Huayi Brothers lost 1.169 billion, 3.978 billion and 1.048 billion yuan respectively. After the company released the 2021 semi-annual report, the Shenzhen Stock Exchange issued an inquiry letter specifically for the semi-annual report, and the risk of equity liquidation and debt repayment became the focus of attention. According to the reply, Huayi Brothers currently has interest-bearing liabilities of 2.983 billion yuan, and the balance of interest-bearing liabilities in one year is 1.65 billion yuan; from the capital level, the company's monetary funds cannot fully cover the liabilities. The Company plans to realize cash repatriation through operating cash flow and asset disposal, focusing on repaying interest-bearing debts due within one year.
In fact, in order to cope with the company's development difficulties, in recent years, Wang Zhongjun and Wang Zhonglei have successively sold their mansions in Hong Kong. Wang Zhongjun also admitted at the event that he had solved the company's liquidity problem by selling collectibles.
Just in the first nine months of this year, Huayi Brothers also disposed of several assets.
According to the previously released semi-annual report, during the reporting period, the company completed the disposal of 13.17% of the equity of Huayi Tencent Entertainment Co., Ltd., and correspondingly generated investment income of 124 million yuan; the company disposed of financial assets such as Tencent Music and Maoyan Entertainment, generating a gain of 33.24 million yuan. In addition, in April 2021, the company's holding subsidiary, Real Scene Entertainment, completed the transfer of 10% of the equity of Henan Jianye Huayi Brothers Cultural Tourism Industry Co., Ltd., forming an investment income of 50 million yuan.
On August 21, Huayi Brothers issued the Supplementary Announcement on the Sale of Part of the Equity of Huayi Brothers (Tianjin) Real View Entertainment Co., Ltd., announcing that it intends to transfer 15% of the equity of Huayi Brothers (Tianjin) Reality Entertainment Co., Ltd. (hereinafter referred to as "Tianjin Real Scene"), a holding subsidiary, to a third party for a transfer price of 225 million yuan.
After the completion of the transaction, the Company is no longer the actual controller of Tianjin Reality, and its shareholding has dropped to 39%, and it is no longer included in the scope of the Company's consolidated statements.
On the evening of September 24, Huayi Brothers announced that it intends to transfer about 15% of the equity and 215 million shares of Hero Interactive Entertainment, a company listed on the New Third Board, to a third party. After the completion of the transaction, Huayi Brothers' shareholding in Hero Interactive Entertainment fell to about 5.17%, or 74.1836 million shares.
On the other hand, the operation of the film commune is also unsatisfactory. The data shows that for the whole of last year, the net profit loss of the film commune was 87.5577 million yuan; in the first half of this year, the net profit loss of the film commune was 28.6164 million yuan.
It can be said that the film commune at this time is tantamount to a "hot potato", and the intention of Mi Chunlei to take over the plate also attracts speculation.
Play with the capital markets
This is not the first time that Mi Chunlei has made such a "loss-making transaction".
In 2015, China Shipping Shipping, the controlling shareholder of China Shipping Haisheng, paid a premium of 50.3% and transferred 82 million shares to Shanghai Lanhai Life Medical Industry Co., Ltd. (hereinafter referred to as "Lanhai Life") at a price of 12.55 yuan per share, which changed China Shipping Haisheng from a state-owned holding to a private holding, and the actual controller was changed to Michunlei.
In the past few years, due to the lack of demand in the domestic and foreign shipping market and the oversupply of shipping capacity, the shipping market continued to be sluggish and the freight rate was running low, and China Shipping Haisheng also showed a loss trend, with a loss of 372 million yuan in 2012 and a loss of 194 million yuan in 2014.
The deal undoubtedly became a new case for mixed-ownership reform at the time.
Immediately after lanhai life realized its holding, China Shipping Haisheng issued an additional 291.97 million shares at a price of 6.85 yuan per share, all of which were subscribed by Shanghai Lanhai Investment Co., Ltd. (hereinafter referred to as "Lanhai Investment") in cash. After this fixed increase, Lanhai Investment held 33.43% of the equity of China Shipping Haisheng and became the new controlling shareholder.
Since Lanhai Investment is also a subsidiary of Lanhai Group, the actual controller is still Michunlei. Through the above operations, Michunlei has invested about 3 billion yuan and bought 42.82% of the equity of China Shipping Haisheng. After spending huge sums of money to buy listed companies, Mi Chunlei chose to empty the company's original shipping assets and transform the medical service industry.
Mi Chunlei's means of playing with the capital market do not stop there.
In February of the same year, shanghai life insurance company (hereinafter referred to as "Shanghai Life"), which was established by the company, was approved to open for business.
The founding shareholders of Shanghai Life include Shanghai Zhongying (now Lanhai Group), China Overseas Group, Shanghai Electric, Shanghai Chengtou, Shanghai Waigaoqiao Group, Fuzhou Baolong Commercial, Lujiazui Financial Development, Shanghai International Group, Shanghai Liming, etc., with a registered capital of 2 billion yuan. Among them, Lanhai Group invested 400 million yuan and is the largest shareholder of Shanghai Life.
The company, named "Shanghai Life", was the first insurance legal entity approved to be established after the promulgation of the "New Ten Articles" of the insurance industry, and used the concept of The Shanghai Free Trade Zone, which was born during the period when Xiang Junbo was in charge of the Insurance Regulatory Commission.
According to an employee of Shanghai Life, when Shanghai Life opened, Xiang Junbo, former chairman of the Insurance Regulatory Commission, personally attended the scene.
This year, Shanghai Life Insurance obtained the qualification of equity investment and real estate investment all the way to the green light. Since then, it has obtained the qualification for stock investment, the qualification for overseas investment (2017), and the license company to operate the personal tax-preferential health insurance business (2016).
Winning the insurance license of Shanghai Life is only the beginning of Michunlei's layout of the financial field. After that, he successively transferred part of the equity of Shanghai Rural Commercial Bank and Qujing City Commercial Bank.
After holding the insurance bank, Mi Chunlei also did not stop its capital layout and continued to acquire large-scale assets such as automobiles, real estate, medical care, and coal.
According to the enterprise investigation app, there are 133 enterprises in which Michunlei is the actual controller.
In the continuous capital operation, Mi Chunlei has accumulated huge wealth. In the "2020 Hurun Rich List" announced in October 2020, Mi Chunlei ranked 560th with a wealth of 10.5 billion yuan.
Expand your real estate footprint
Looking back at the history of Michunlei's fortune, real estate is an unavoidable topic.
According to public information, in 2003, Mi Chunlei and his father Mi Boyuan invested 40 million yuan and 10 million yuan respectively to establish Shanghai Zhongying Enterprise Development Co., Ltd., the predecessor of Lanhai Group.
In the early stage, Michunlei's core assets were mostly located in Chongming, Shanghai, and were mainly real estate. Shanghai Zhongying History's foreign investment real estate companies also include Shanghai Baoyuan Real Estate, Shanghai Dongtanwan Real Estate Development, and Shanghai Zhongying Lanhai Real Estate Development.
MiChunlei has expanded its real estate business more times through the platform of Shanghai Life, and Shanghai Life's solvency report for the fourth quarter of 2019 shows that 5 of the 6 wholly-owned subsidiaries of the company are mainly involved in real estate.
In April 2020, after Lanhai Holdings (Group) Co., Ltd. and its subsidiary Shanghai Lanyou Enterprise Management Partnership acquired the land plot of Jiangning Commercial Office in Jing'an, Shanghai for a high price of 6 billion yuan, the always low-key Michunlei became more and more eye-catching.
In fact, in recent years, Lanhai Holdings has been constantly moving in the field of real estate. Among them, the expansion of cultural tourism and health care projects is particularly obvious.
In December 2017, Lanhai Holdings signed a project cooperation agreement with The Yuxi Municipal Government of Yunnan Province and the Chengjiang County Government to invest in the construction of an international medical ecological health city integrating medical treatment, health care, ecology and tourism and residence on the east bank of Fuxian Lake in Chengjiang.
In May 2018, Yunnan Fuxian Lake Lanhai Medical Care Industry Development Co., Ltd. was established, wholly owned by Lanhai Holdings, invested in Chengjiang Yihe Health Industry Development Co., Ltd., and held 51% of the equity, and the other shareholder was Lanhai Medical holding 49% of the shares.
In August last year, Yunnan Fuxian Lake Lanhai Medical Care Industry and Chengjiang Yihe Health Industry acquired 11 cases of about 346 mu of land on the east shore of Fuxian Lake for 285 million yuan, which was the first batch of plots for the Fuxian Lake International Health Tourism Valley Project.
In 2019, after many comparisons, Lanhai Group chose to build a medical and health industry cluster in Sanya and build the Sanya Lanhai Wellness Valley Project.
In February 2020, the Administrative Committee of Dali Provincial Tourism Resort and Lanhai Holdings (Group) Co., Ltd. signed the "Investment Agreement for Dali Tea Expo Institute Project". On September 25th, dali tea museum project, one of the important cultural tourism projects laid out by Lanhai Group in Yunnan, was officially started at the foot of Cangshan Mountain and on the shore of Erhai Sea.
This time, the Lanhai Department took over huayi brothers' equity in the film commune, which is undoubtedly another son for the expansion of its cultural tourism real estate territory.
Film Commune is located in Haikou Mission Hills International Golf Resort, the project is positioned as a film theme tourist resort, planning and control area of 1400 acres, construction area of 950 acres, the total investment is expected to be 5 billion yuan.