After listening to Bai Su's report, Li Dong roughly understood the progress of the matter.

The cooperation between China Resources and Fargo is almost completed.

In fact, according to China Resources' progress, it is naturally not so fast.

But I couldn't resist Li Dong's repeated urging, and this guy was almost following behind China Resources' butt and was chasing him with a knife.

China Resources is also helpless and has to invest more energy to accelerate the cooperation preparations between the two sides.

The two sides expect to officially start cooperation in December, just in time to seize the peak shopping period at the end of the year.

Supermarket cooperation is progressing smoothly, Yuanfang Airlines is preparing smoothly, Weibo financing is smooth, Yuanfang Logistics Park is running smoothly...

In addition to Wankatong, the atmosphere seems to be a bit solemn because of the incoming research team. The entire Yuanfang Group is currently in a period of healthy development.

As for Dongyu Real Estate, all ten pieces of land in the second round have been won.

All the 10 billion Li Dong allocated was spent.

After winning 20 large-scale land, plus some of the land you bought before, Dongyu now has 45 yuan in land alone.

The total construction area is as high as 11 million square meters.

When Bai Su reported this, he couldn't help but whisper: "Mr. Li, Mr. Wu said before that it is not appropriate to acquire land anymore.

The plots we own are already a little overloaded.

Moreover, almost all of them are undeveloped, and only a few distant cities such as Beijing are under construction, while others are vacant.

Now even the land and land bureaus in various places are a little nervous and urge us to start construction as soon as possible.

Moreover, Dongyu Real Estate's debt is getting higher and higher, with 45 pieces of land, which have been liquidated before, and according to its current total value, it has reached about 60 billion.

The debt is already up to 40 billion!

Of course, all of which include the 5 billion you borrowed from an institution before were counted into Dongyu Real Estate.

Now Dongyu has a debt ratio of up to 67%, and is already on the edge of the risk line..."

Real estate companies generally have relatively high debt ratios, which can reach 70%, and there is a risk of collapse at any time.

Other industries in the distance are not bad, but Dongyu Real Estate, under the instructions of Li Dong, continues to acquire land and continues to suffer losses, and the risks are getting bigger and bigger.

It's not a joke to say that it's a loss.

While Li Dong was acquiring the land, the land prices in various places were still falling. Li Dong was a loss of money when he took a piece of land.

The longer the time, the more you lose.

Dongyu Real Estate's total assets are only 60 billion, but its net assets are only 20 billion. In fact, Li Dong lost a lot of money.

After all, after the implementation of the Yuanfang City plan, he allocated two funds, and the total amount was as high as 20 billion.

In addition, Dongyu Real Estate had an industry before, and it also allocated a lot of funds before. In real estate projects, the Far East invested at least more than 25 billion yuan.

Even if Li Dong had previously borrowed 5 billion yuan of debt to stock trading, he was only in a state of guaranteed capital.

But don’t forget that Li Dong also made nearly 2 billion in his last plan, and he also made a lot of money by taking over the land in Xicheng District.

By doing this, Yuanfang lost at least about 4 billion yuan in Dongyu Real Estate.

Now, even Wu Shengnan is anxious.

The loss is so serious that even if the Yuanfangcheng project is not under her jurisdiction, she will be blamed.

Other industries are making money, Dongyu Real Estate suffers a lot of money, and Wu Shengnan's life has become increasingly difficult recently.

Bai Su said that Wu Shengnan said it was not appropriate to acquire land again, which was Wu Shengnan's original words, and she was really a little anxious.

Fortunately, there is Qin Hai with her, otherwise Wu Shengnan would have come to find Li Dong long ago.

The reason why Qin Hai accompanied her was because the logistics company was also constantly buying land to build a warehousing center, and the land price fell and the logistics side was also losing money.

Although the losses are not as high as Dongyu Real Estate, it is not small.

If it weren't for this, even if Dongyu's family was in a loss, Wu Shengnan might have to choose to resign.

Li Dong raised his eyebrows slightly and said, "Are you all in debt 40 billion?"

Bai Su nodded and added: "The logistics company's debt is also relatively high, about 10 billion."

These two sub-groups have now become the biggest burden in the distance.

The total liabilities are 50 billion. Although it seems that the net assets are almost 40 billion, the debt ratio of more than half still makes everyone a little nervous.

In terms of logistics, the current losses are actually quite large.

The valuation is about 30 billion yuan, the debt is 10 billion yuan, and the net assets are less than 20 billion yuan, but Li Dong has invested so much money.

Although we have been facing financial problems in the distance.

But the group's debt ratio always remains below the horizontal line, and it hovers around 30% at its peak.

Now, it's rising suddenly, and it's impossible not to be nervous.

After hearing this, Li Dong couldn't help but touch his chin and said for a while: "Then Dongyu stops and stop getting the land for the time being. The debt is indeed a bit high."

Dongyu and Yuanfang Logistics have a total assets of less than 90 billion yuan, but their liabilities are as high as 50 billion yuan. Li Dong no longer wants to add pressure to others.

In fact, Li Dong himself was not too worried.

Recently, the above has been discussing the economic stimulus plan, and the 4 trillion plan is soon released, probably in these few days.

Although these 4 trillion are not all aimed at the real estate industry, the planned investment in low-rent housing and shantytown renovation projects on the bright side is as huge as hundreds of billions of yuan.

In addition, in terms of post-disaster reconstruction, the planned investment of one trillion yuan is mostly related to real estate.

With this government's trillion-dollar stimulus plan for the real estate industry, it is naturally not difficult to drive land prices and housing prices.

Moreover, the so-called 4 trillion is just literal data, plus various supporting projects and plans issued by local governments, and the total investment is nearly 20 trillion!

As a veteran, Li Dong is even more aware of the future real estate market.

Now Dongyu has lost a little, and most real estate companies have also shrunk a lot of wealth, but they can rise in less than a year or two.

In the next five years, the increase in housing prices and land prices will be calculated in multiples.

In this case, Li Dong doesn't need to worry about anything.

After saying this, Li Dong did not continue to say it, but smiled and said, "So, Yuanfang's current total assets have exceeded 200 billion?"

Logistics Jiadongyu's total assets are 90 billion.

Yuanfang Supermarket plus Mall, 60 billion.

Yuanfang Technology has a minimum price of US$3 billion, and Weibo is the same. After all, these two items are about 45 billion.

In addition, some other industries are scattered, such as the Yuanfang Building and the Greenland Building, many things are not counted. Together, there are still 200 billion.

However, the debt is not low, and the debt on the surface is almost 70 billion.

In addition to the misappropriated payment, the total liabilities are more than 90 billion yuan.

Forbes estimated Li Dong's personal net worth 108 billion, which was relatively overestimated the value of some far-far technology. Otherwise, it would be normal to exclude the shares of other people on Weibo and give 100 billion.

Bai Su nodded and said, "It's almost the same, but we don't have any information on the specific details.

After all, many things have no clear value before they are listed."

Li Dong nodded and smiled lightly: "I used to talk about the 200 billion group, but there was still some boastful element, so now it's not considered boasting.

Of course, there is no way to increase debt.

It is still within acceptable range, at least the total debt is only half.

I just don’t know if the revenue this year can be 200 billion. At this time, I can only look at the retail group. The revenue of other industries is not enough."

Li Dong shook his head slightly, Yuanfang Group, many industries only enter but not leave.

The only thing that is on the right track is Yuanfang Retail Group. If it does not build supermarkets, Yuanfang will be similar to other Internet companies. With market value and no revenue, it will not even be able to enter the company ranking.

...

Shanghai Stock Exchange.

Just when Li Dong calculated that Yuanfang Group's total assets reached 200 billion.

Qin Yuhan was also calculating how much Dongyu dessert house is worth.

After all the calculations, it is only less than 20 million.

Just this, I owed the bank six or seven million, and Qin Hai and his wife paid nearly ten million to come in.

After careful calculation, although the dessert house has made some money in the past two years, it would be good to have two or three million yuan.

Qi Fangfang, who had just arrived in Shanghai from the capital, said helplessly while drinking a drink: "Yuhan, what's the point? Just your little broken store, please close it.

I worked hard and struggled for several years, but the money I made was not enough for Li Dong to make a day.

If it were me, even if I didn’t rely on Li Dong, I would have 500,000 or 600,000 yuan a year if I had tens of millions of yuan in the bank.

You've been trying to do it, what exactly is it?

Two or three million is a huge sum of money for us poor people. Do you still care about this little money?
To be continued...