As soon as Liu Hong left, Li Dong had no time to read the documents. .

After staring at the ceiling for a while, Li Dong suddenly straightened his body and said, "Bai Su!"

Bai Su hurriedly entered the door and said, "Mr. Li, what are your instructions?"

"Let Director Liu come here!"

There are many senior executives with the surname Liu in the distance, but General Liu generally refers to Liu Hong, and Director Liu is the Financial Director Liu Hongmei.

Bai Su nodded immediately after hearing this, turned around and called, while Li Dong was thinking about his next plan.

This time he retreated from the stock market, he gathered tens of billions of cash in his hands, and this money needs to be planned carefully.

You can't fill wherever there are holes. If you really want to do this, you won't spend tens of billions of dollars.

After writing and drawing on the paper for a while, Li Dong was thinking about how to maximize his interests.

...

Not long after, Liu Hongmei entered the office.

Not only did the people come, but they also brought a thick folder.

As soon as Li Dong summoned her, she knew what Li Dong wanted to ask.

In the past six months, Li Dong has not been involved in finance. At most, Liu Hongmei was a little surprised at Li Dong's calmness after reading the document report.

After all, the group has been doing it every day, and Li Dongxiao hasn't asked about these things for half a year, and the time span is a bit long.

Seeing that she was prepared, Li Dong did not go around the corner and said straight to the point: "Basically manage the current situation in the distance, let me tell you about the total assets, liabilities, net assets, and book funds."

Liu Hongmei nodded, opened the folder and said, "Then I will divide it briefly first. The distance can be divided into four major pieces at present.

There are four major parts: supermarkets, logistics, real estate, and Yuanfang Technology.

Let me first talk about the total assets of major subsidiaries. After all, our debts are a bit messy, some are nominally the liabilities of supermarkets, and in fact they use logistics and Yuanfang Technology. This is currently a bit messy.

In the later stage, the finance side will further accelerate the accounting independence of major subsidiaries.

After all, it is not conducive to the development of enterprises, and it is difficult for us to implement some reasonable tax avoidance measures.

And when it goes public in the future, this is also a big trouble..."

Li Dong nodded and said, "I have no objection to this. Just go back and discuss it with Mr. Yuan."

"Okay, I've done the plan, you just remember to sign it."

Liu Hongmei joked, then returned to her true feelings and said, "Then let me talk about the supermarket first, Yuanfang Supermarket, there are currently 10 branches.

Jiangbei, southern Jiangsu, Jiangxi Province, Jiangsu and Zhejiang Province, Hubei Province, Shandong Province, Henan Province, Beijing and Tianjin, mountain cities, and Shanghai.

As of May, a total of 642 stores were put into operation.

Among them, there are 19 first-level stores, 68 second-level stores, and 215 third-level stores...

Among these more than 600 stores, only 68 of which belong to us are our property rights, accounting for about 10%.

Other stores are rented, and the lease period is usually signed between 10-15 years.

According to estimates, the total value of the fixed assets in supermarkets is around 23 billion.

Including several of our large distribution centers.

In terms of intangible assets, the value is also as high as more than 4 billion.

So, after all, the current total assets of Yuanfang Supermarket reach 27 billion should not be a big problem."

"27 billion..." Li Dong knocked on the table, but did not say more about it, but asked: "The proportion of our own property rights has reached 10%?"

Liu Hongmei nodded.

Li Dong smiled and said, "It's not bad, it's better than I thought."

In the future, physical supermarkets will suffer an impact. It can be said that the increasing rents are also one of the culprits.

Labor and rent are the two largest expenses.

The increasing rents have led to the fact that supermarkets make money for landlords in the end, especially for supermarkets with low proportion of their own property rights.

In 2008, most supermarkets expanded their store size in the form of leasing. After all, buying a property if you open a store, which was too much expense.

The proportion of the distance can reach 10%, which seems not much, but it is actually very high.

In fact, the average level in the industry today is generally only around 5%.

This is still for old supermarkets, some small-scale emerging supermarkets have a lower proportion of free ownership.

Just like Yonghui, it is probably less than 5%.

It was only a few years later that major retailers really made their own property stores increase their share of their own property rights. At that time, they were hit by e-commerce and rents were getting higher and higher. The retailers were overwhelmed and finally decided to expand their own property.

In 2008, the rent was not high, the retail profit was large, and there were no impacts of e-commerce. There were really few retail companies that would care about these things.

Of course, some companies with their own real estate development companies are exceptional, such as China Resources and Suning, which have advantages over Bailian in this regard.

Li Dong is now gradually expanding the proportion of his own property stores, but it costs too much and he has done his best to account for 10%.

At present, Li Dong's direction is not on this. First, complete the national layout and then gradually privatize property rights. This is the correct way.

Anyway, he is not in a hurry. He has just gotten up in the distance and the contracts he signed are usually after 2020.

Unlike other supermarkets, the establishment time has been long, and a large number of store contracts will expire within the next three to five years. The future trend of store closures is also related to the expiration of leases.

The landlords raise rents like skinning. Some stores have more than doubled their rents. The companies have no choice but to close their stores.

After thinking about it in a mess for a while, Li Dongdao said: "Continue."

Liu Hongmei continued to flip through the documents and said, "Just now, it was the supermarket, and the second was logistics.

Logistics companies are mainly divided into four major areas, first, warehousing centers in various places.

Second, express delivery points.

Third, the non-completion logistics park.

Fourth, Sichuan Airlines Co., Ltd.

In terms of warehousing centers, there are currently 6 warehousing centers in use, and there are 4 warehousing centers under construction.

The express delivery point, the plan for thousands of stores last year has been completed, and 200 new delivery points have been added this year, reaching about 1,200 in total, covering almost the entire China.

Yuanfang Logistics Park has now begun its last phase of construction and has hope to be put into operation at the beginning of next year.

Today we have invested a lot in logistics. Since the beginning of the year, most of the profits of supermarkets and malls have been invested in logistics.

Just talking about investment, our total investment in logistics is no less than 10 billion, and the value of logistics companies is probably not less than 12 billion."

Li Dong had no choice but to deal with the logistics company, a big money-making product.

In fact, it didn’t cost much to lay a courier site, mainly the warehousing center and the remote logistics park. These two pieces alone cost him 600 billion yuan of funds.

In addition to Sichuan Airlines' shares, the real money is spent on these things.

And this is just the beginning. According to Qin Hai’s plan, he would invest in and build warehousing centers in first- and second-tier cities, and it would be impossible to deal with it without hundreds of billions of dollars.

The reason why assets only reach 12 billion is related to the sharp drop in land prices this year, otherwise it should be more than that.

Li Dong thought for a while and said, "So, can the total assets of logistics and supermarkets reach 39 billion?"

"It's almost the same, but it's just our internal estimate. If we want to be truly sure, we have to ask a professional evaluation agency to conduct a large-scale liquidation assessment."

"This is not necessary, I just need to know one thing. You continue."

Liu Hongmei nodded, turned over the logistics page, and then said: "The next one is Dongyu Real Estate.

Dongyu Real Estate has made great efforts recently. Mr. Wu has successively acquired 6 pieces of land in various places. In addition, the Hepingchuan government replaced 4 pieces of land with the land in Xicheng District.

We now own a total of 23 undeveloped land, with a construction area of ​​up to 5 million square meters.

Among them, the land in Beijing BD has the highest value, exceeding 3 billion.

The total price of the other 22 pieces of land is as high as more than 22 billion yuan according to the current market price.

In addition to these undeveloped land, Yuanfang Building, Greenland Building, and Yuanfang Plaza are also hosted by Dongyu Real Estate.

There are also Yuanfang Property Company and Yuanfang Security Company, which are also under the jurisdiction of Dongyu Real Estate.

In terms of total assets, Dongyu Real Estate even exceeds the supermarket, and its total value will not be less than 30 billion, but..."

Liu Hongmei said, glanced at Li Dong, and coughed lightly, "But almost no money was paid for the land that was taken later. She just signed a simple agreement. If you want to calculate it, the debt is not low."

Of course Li Dong knew this, he asked Wu Shengnan to do it.

Pay a deposit first, and delay the remaining money for a few months before paying it. Therefore, the lands that were acquired later, except for the few pieces of land replaced by the Hepingchuan government, actually belonged to the distant place in name only.

Nodded, Li Dongdao: "I know this. Don't worry about these first, and you will calculate the debt later."

"Okay, then I'll continue to talk about Yuanfang Technology.

Yuanfang Technology is the simplest here. After all, we have raised funds before, and major institutions have given quotes, which should be the most accurate number.

According to the previous quotation, the highest quotation reached about US$4.5 billion.

Later, we merged Wanjia.com and achieved considerable success in games. There are also businesses such as video, peodoujia, and Wankatong, which together scattered together, and can reach about 5 billion US dollars in total.
To be continued...