Is Wanda Wang Jianlin The "Richest Man" Or "The First Negative"?

Is the first richest or the first? Is the exposure of the fact disclosed or ulterior motives? At present, Wanda Group has not responded to the "high debt" spread on the Internet.

In October 20th, the reporter went to Nanping Wanda to look at the business situation and expected to be able to get a glimpse of the leopard.

Reporters at the scene saw that the one or two floor of the department store could not be said to be unusually hot but still flowed many consumers who came to shopping, dining and entertainment.

But on the upper floors, there are quite different scenes. Some of the businesses on the third floor of Wanda Department store have already been evacuated, and the four floor has been emptied out.

The reporter asked the staff of the four floor finishing line that they had been vacated for two months. Some businesses needed to be redecorated, and they would be reopened in half a year, while some were planning to re invire business.

Do business.

In fact, as early as the first half of this year,

In July, it was a joint protest in the department stores.

Of course, the contraction of general merchandise can not be the evidence of Wang Jianlin's first negative.

In Wanda Group's official website, Wang Jianlin talked about Wanda from the real estate oriented enterprises to service oriented enterprises.

By 2020, the income and net profit of the service sector will exceed 65% of the total group.

If this goal is achieved, there will be no more controversy between the richest and the first.

In Wang Jianlin's words, if the cash flow of real estate, cultural tourism, finance and electricity suppliers are very stable, Wanda will form an iron four corner.

By the end of the first half of 2015, the total assets of Wanda real estate amounted to about 578 billion 600 million yuan, but 420 billion 500 million of them were liabilities, with a net asset value of only 158 billion 100 million yuan.

Even worse, many assets of Wanda real estate have been mortgaged out to finance loans from banks and other financial institutions, which is called mortgage loans.

Here we comb, at present, 44 billion 76 million yuan inventory of Wanda real estate (the house that has been sold well), 213 billion 82 million yuan investment real estate, 20 billion 604 million yuan of fixed assets, intangible assets, construction projects, and 266 million yuan bank deposits have been mortgaged.

The total amount is 278 billion 28 million yuan.

although

The net asset value of the real estate is as high as 158 billion 100 million yuan, but it is uncertain how many of them have been mortgaged. Once the repayment fails, the financial institutions such as banks will be confiscated.

Therefore, many assets in Wanda real estate are "empty", and there are more impurities.

Recently, "2015 Hurun rich list" released, Wang Jianlin more than Ma Yun once again become the richest man in mainland China; only two days later, a message called "first" negative: Wanda real estate liabilities reached 420 billion 500 million "in the circle of friends, crazy," Wanda Group has not yet made a rumor.

Wanda real estate liabilities amounted to 420 billion 500 million mortgage 278 billion assets, 5 Wanda Plaza sale.

In October 15th, the Hurun Research Institute released the Hurun rich list. Wang Jianlin, 61, and his family, with 220 billion fortune over Ma Yun, became the richest man in mainland China second times, and their wealth increased 52% over last year.

But in fact, Wang Jianlin was "loaded" and had to "break his arm and repair his life".

It controls many listed companies, A shares have Wanda theaters, stocks have AMC, Hong Kong stocks have Wanda hotel development and Wanda real estate.

Although Wang Jianlin has sworn to make Wanda Group a large cultural enterprise, Wanda real estate directly operating Wanda Plaza is still a pillar of its revenue and profits. However, with the deterioration of the real estate industry, there are no signs of warming up under all kinds of stimulus policies.

China's most iconic shopping center is Wanda Plaza. Now there are 112 in the country. 900 million people visited the Wanda Plaza in the first half of this year.

Wanda Plaza is regarded as the investment property of Wanda real estate, that is, the house is built for rent, and the rent is charged every year.

But in fact, the revenue source of Wanda real estate is mainly sales property.

In the first half of 2015, Wanda real estate revenue was about 30 billion 894 million yuan, of which property sales accounted for 68%, while investment property leasing plus property management accounted for less than 21%.

The most important source of funds for real estate developers is the purchase of loans made by banks and buyers in advance. However, the current situation of the real estate industry is not good. The capital of building houses is a big hole. Developers are more dependent on banks and other financial institutions.

There is no way for financial institutions to rely on the interest of real estate developers, but they also lend a lot of money. Now the situation is not good. If the loan is collected ahead of time, the developers will be dead. When the money is not paid back, they will be forced to continue lending.