After listening to Bai Su's report, Li Dong roughly understood the progress of the matter.
The early stage of the cooperation between Huarun Group and Far away was almost completed.
In fact, according to Huarun Group's progress, it naturally would not be so fast.
However, it could not withstand Li Dong's urging. This guy almost chased after Huarun Group with a knife.
Huarun Group was also helpless and had to invest more energy to speed up the cooperation between the two sides.
The two sides were expected to officially start the cooperation in December, just in time to seize the wave of shopping peak at the end of the year.
The supermarket cooperation was progressing smoothly, the preparation of Far away Airlines was smooth, Weibo financing was smooth, and the operation of Far away Logistics Park was smooth …
Except for Wantong, because of the arrival of the research team, the atmosphere was somewhat solemn. The entire Faraway Group was currently in a period of positive development.
As for Dong Yu Real Estate, the second round of ten pieces of land were all obtained.
The 10 billion allocated by Li Dong was also all spent.
Dong Yu had obtained 20 large pieces of land. Together with some of the land previously obtained, Dong Yu now had 45 pieces of land.
The total construction area was as high as 11 million square meters.
When Bai Su reported this, she could not help but whisper, "General Manager Li, CEO Wu said before that it is not suitable to take any more land.
At present, the land we have is already a bit overloaded.
And almost all of them are undeveloped. Only a few Far away cities such as Beijing are under construction, the rest are in a state of vacancy.
Now even the land bureaus are a bit nervous, urging us to start as soon as possible.
Also, Dong Yu Real Estate's debt is getting higher and higher. 45 pieces of land, according to the current total value, has reached about 60 billion.
But the debt is already as high as 40 billion!
Of course, including the 5 billion you borrowed from the agency, all of it is included in Dong Yu Real Estate.
Now, Dong Yu's debt ratio is as high as 67%, and it is already on the edge of the risk line … "
Real estate companies generally have a higher debt ratio, but when it reaches 70%, there is a risk of collapse at any time.
Far away other industries are still fine, but Dong Yu Real Estate, under Li Dong's instructions, continued to take land, continued to suffer losses, and the risk was getting higher and higher.
It was not a joke to say that they were suffering losses.
While Li Dong was taking the land, the land prices were still falling. Every time Li Dong took a piece of land, he was losing money.
The longer they waited, the more they would lose.
Dong Yu Real Estate's total assets were only 60 billion, but their net assets were only 20 billion. In fact, Li Dong had suffered a huge loss.
After all, after the implementation of the Far away City Plan, he had allocated funds twice, and the total amount was as high as 20 billion.
Furthermore, Dong Yu Real Estate already had properties in the past, and they had also allocated a lot of funds in the past. So far, they had invested at least 25 billion yuan in real estate projects.
Even if Li Dong included the 5 billion yuan of debt that he borrowed to speculate in the stock market, he would only be able to break even.
Don't forget that Li Dong had earned nearly 2 billion from his previous plan. He had also made a huge profit from the land in the Xicheng District.
Based on this calculation, Distance had lost at least 4 billion yuan on Dong Yu Real Estate.
Now, even Wu Shengnan was anxious.
With such a huge loss, even if the Far away City project was no longer under her jurisdiction, she would still be blamed.
The other properties were making money, and Dong Yu Real Estate was suffering a huge loss. Wu Shengnan's life was getting worse.
Bai Su said that Wu Shengnan said that it was not suitable to take the land. It was also Wu Shengnan's original words. She was really anxious.
Fortunately, Qin Hai was there to accompany her. Otherwise, Wu Shengnan would have looked for Li Dong long ago.
She said that Qin Hai was accompanying her because the logistics company was constantly taking land to build storage centers. As a result, the land prices fell, and the logistics company was also losing money.
Although the losses were not as much as Dong Yu Real Estate, it was not a small amount.
Otherwise, Wu Shengnan would have no choice but to resign because of Dong Yu Real Estate's losses.
Li Dong raised his eyebrows slightly when he heard that. "There's already 40 billion in debt?"
Bai Su nodded and added, "The logistics company's debt is also relatively high. It's about 10 billion."
These two subsidiary companies had now become the biggest burden of Far away City.
The total debt was as high as 50 billion. Although it seemed that the net assets had reached 40 billion, the debt ratio of more than 50% still made everyone nervous.
In terms of logistics, the current losses were not small.
The valuation was about 30 billion, the debt was 10 billion, and the net assets were less than 20 billion. However, Li Dong had invested so much money in it.
Far away City had been facing financial problems in the past.
However, the group's debt ratio had always been below the line. At its peak, it hovered around 30%.
Now that it had suddenly risen, it was hard not to be nervous.
After listening to that, Li Dong could not help but touch his chin. After a while, he said, "Then Dong Yu should stop. Don't take any more land for the time being. The debt is indeed a little high."
Dong Yu and Far away Logistics had total assets of less than 90 billion, but the debt was as high as 50 billion. Li Dong did not want to add more pressure to the others.
In fact, Li Dong himself was not too worried.
Recently, the higher-ups had already been discussing the economic stimulus plan. The 4 trillion plan would be released soon, probably in the next few days.
Although the 4 trillion was not all targeted at the real estate industry, the planned investment of low-rent housing and shanty housing projects was hundreds of billions.
In addition, in the post-disaster reconstruction, the planned investment of 1 trillion was mostly related to real estate.
The government's trillion stimulus plan targeted at the real estate industry was naturally not difficult to pull up the land prices and housing prices.
Moreover, the so-called 4 trillion was just a literal figure. Including the various supporting projects and plans issued by the local government, the total investment was close to 20 trillion!
As someone who had experienced it, Li Dong was even more clear about the future real estate market.
Dong Yu was suffering some losses now. Most of the real estate companies' wealth had also shrunk a lot. However, in a year or so, it would rise again.
In the next five years, the increase in housing prices and land prices would be calculated in multiples.
Under such circumstances, Li Dong did not need to worry about anything.
After saying this, Li Dong did not continue. Instead, he smiled and said, "So, Far away's current total assets have exceeded 200 billion?"
Logistics and Dong Yu's total assets were 90 billion.
Faraway Supermarket and Shopping Mall, 60 billion.
Far away Technology's lowest was 3 billion USD, and the same was true for Weibo. In total, these two items were about 45 billion.
Including some other scattered industries, such as Far away Building, Greenland Building, and many other things were not included. Adding them together, there was still 200 billion.
However, the debt was not low either. On the surface, the debt was about 70 billion.
Including the embezzled goods, the total debt was more than 90 billion.
Forbes estimated that Li Dong's personal net worth was 108 billion. That was a relatively overestimation of the value of Far away Technology. Otherwise, excluding the shares of other people in Weibo, it would be normal to give him 100 billion.
Bai Su nodded and said, "More or less. However, we do not have the specific information. After all, many things do not have a clear value before they go on the market. "
Li Dong nodded and said with a faint smile, "Previously, when I said that the 200 billion group was a bit exaggerated. Now, it can't be considered exaggerated. Of course, the increase in debt was something that could not be helped. It's still within an acceptable range. At least, the total debt is only half. I just don't know if the revenue this year can reach 200 billion. At this time, we can only look at the retail group. The revenue of other industries, let's not talk about it. "
Li Dong shook his head slightly. Faraway Group had many industries that could only be imported and not exported.
The only one that was on the right track was the Far away Retail Group. If it was not a supermarket, Far Away would be similar to other Internet companies. They only had market value, but no revenue. They could not even enter the corporate rankings.
…
Shanghai.
Just when Li Dong calculated that the total assets of Faraway Group had reached 200 billion.
Qin Yuhan was also calculating the value of Dongyu Dessert House.
No matter how she calculated, it was less than 20 million.
Even so, they still owed the bank 6 to 7 million, and the Qin couple paid nearly 10 million.
After careful calculation, although the dessert house had made some money in the past two years, it was not bad to have 2 to 3 million.
Qi Fangfang, who had just rushed to Shanghai from the capital, helplessly said while sipping her drink, "Yuhan, why are you still calculating the debt? Just close this small shop of yours.
You've worked so hard for several years, but the money you earned isn't even enough for Li Dong to make in a day.
If it was me, even if I didn't rely on Li Dong, I would have saved tens of millions in the bank and earned five to six hundred thousand a year.
What's the point of you going through all this trouble?
Two to three million is a huge sum for poor people like us. Do you still care about this little money?
If you have time, go shopping and attend some banquets. If you really can't do it, then go Far Away. It's better than going around the world. "
Closing the account book, Qin Yuhan chuckled, "Finding something to do is better than being idle. If I'm really idle, I'll become dispirited. Making money is better than losing money. As for the banquets you mentioned, it's meaningless. Not to mention that I don't like those kinds of occasions. "
Qi Fangfang mumbled, "You really don't know how to enjoy your blessings. If it were me, I would've given up long ago. Also, why don't you stay in Pingchuan and run around the world? Your Li Dong is in high demand now. He's a super eligible bachelor. If it were me, I'd follow him 24 hours a day. "
Qin Yuhan couldn't help but laugh, "If that's the case, no man would like it. Besides, he has his career. Far Away has a lot of things to do recently, and he's also very busy. I can only add to his troubles there … "
"Are you really stupid or just pretending?"
Qi Fangfang was exasperated, "At this time, he's busy with his things and you do yours. Even if you don't follow him, it's better to talk to him and give him some food when he comes back than not being by his side. Men are just like that. They say they don't want it, but they actually want women to stick to them … "
"He's not that kind of person." Qin Yuhan didn't know whether to laugh or cry.
"That's because you don't understand men!"
Qi Fangfang shook her head speechlessly.
Qin Yuhan did not argue with her. She only said with a smile, "Does that mean you understand men very well? But I remember that someone is just talking about it. He probably hasn't even had his first love yet, right? "
Qi Fangfang said disapprovingly, "Men are just a set of data in my eyes. It's fine to study it, but there's no need to study it further. The romance novels I've read, the soap operas I've watched, and the unlocking movies of various positions are definitely better than you by a hundred times. In terms of understanding men, I'm much clearer than you. You're just a newbie. What do you know? Do you have any other men apart from Li Dong? Poor Xiaobai. You don't know anything, and you're still looking down on me. I should be the one looking down on you. "
Qin Yuhan couldn't help but laugh again and ignored her.
Qi Fangfang took a sip of juice and said, "Yuhan, I'm serious. You can't do this now. Don't tell me that you really intend to surpass Li Dong by relying on these few shops of yours? "
"No."
Qin Yuhan shook her head. She held her chin and looked at the sky outside the window. After a long time, she said, "I haven't thought about it for a long time. He's like the clouds in the sky. He looks close, but I can't touch him. I used to have this ridiculous idea, but now I'm just looking for something to do. Surpassing him was just a naive idea in the past. "
"Since you know that, why …"
Qi Fangfang was speechless. Just when she was about to say something, Qin Yuhan interrupted her and said with a smile, "Forget it. Let's not talk about me. What about you? Didn't you just finish your internship? Why do you have time to visit me in Shanghai? "
Qi Fangfang said hatefully, "Don't mention it. Our supervisor is an old pervert. He wants to take advantage of me every day, and I've endured it many times. A few days ago, this guy tried to take advantage of me again. I was so angry that I smashed his bald head with the keyboard! "
"What happened after that?" Qin Yuhan could not help but ask.
Qi Fangfang shrugged and said, "Then I lost my job. Of course, the bald man also lost his job with me. Anyway, I'm quite satisfied."
Qi Fangfang looked proud. She was also a top student of the Capital University with excellent graduation results.
She smashed her supervisor's office for no reason. The company she entered was not a small company. Of course, the higher-ups would investigate it.
As a result, the bald man was laid off with her. Qi Fangfang felt that she still made a profit.
Qin Yuhan couldn't help but laugh and said, "With your temper, I know you won't be able to work for long. Even if this didn't happen, I'm afraid you won't be able to stay for long."
"Nonsense!"
Qi Fangfang retorted, "There's no such thing. I can stay for at least three years … No, two years is definitely not a problem!"
"I'll be a fool if I believe you!" Qin Yuhan rolled her eyes and then said with a smile, "Why don't you stay with me and do it with me?"
Qi Fangfang muttered, "I'm also one of the best graduates of the Capital University in recent years. I even gave up the opportunity to stay in the Capital University. You want me to sell juice? It's too shameful for me."
"It's up to you to come or not. I sympathize with you because you have nowhere to go. Otherwise, I don't want you."
Qi Fangfang was dissatisfied and said, "You're too realistic. Forget it. Anyway, I have nowhere to go. I'll just accompany you to talk. When we go back to Pingchuan and meet Li Dong, I'll find a way to use you as a springboard to work Far away. I heard that Wang Junyu has become the president of the Far away Technology Group. I'm not worse than Wang Junyu. I should at least be a vice president! "
Qin Yuhan rolled her eyes and began to dream again.
The two talked and laughed for a while. When they finished the juice and got up to go out, Qi Fangfang lowered her voice and said, "You're running around. Is it because of Li Dong or Shen Qian?"
Qin Yuhan's footsteps paused. After a while, she chuckled and said, "No, I'm just relaxing."
Seeing that she didn't say it, Qi Fangfang didn't ask anymore, but she couldn't help but sigh in her heart.
My friend's character is still a bit too strong. If she was a little soft, there wouldn't be this situation.
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