Chapter 978 (1/2)
As soon as Liu Hong left, Li Dong didn't want to read the documents.
Staring at the ceiling for a while, Li Dong suddenly straightened up and said, ”Bai Su!”
Bai Su hurried into the door and said, ”Mr. Li, what can I do for you?”
”Let director Liu come here!”
There are many executives with the surname Liu in the distance, but general manager Liu refers to Liu Hong, and the chief financial officer is Liu Hongmei.
Bai Su immediately nodded, turned down to make a phone call, Li Dong is thinking about the next step of the plan.
This time he withdrew from the stock market, and he gathered ten billion dollars in cash, which had to be well planned.
You can't fill in any hole where there is a hole. If you really want to do this, you can't spend 10 billion yuan.
After writing and painting on the paper for a while, Li Dongpan figured out how to maximize the interests.
……
Before long, Liu Hongmei entered the office.
Not only people came, but also a thick folder.
As soon as Li Dong summoned her, she knew what Li Dong wanted to ask.
In the past half a year, Li Dong has not been much involved in financial affairs. At most, after a general look at the document report, Liu Hongmei is somewhat surprised by Li Dong's calm.
After all, the group does now, one day a day, Li Dong did not ask these questions for half a year, the time span is a little long.
Seeing that she was prepared, Li Dong didn't beat around the Bush and said, ”give me a general explanation of the current situation in the distance. Give me a general description of the total assets, liabilities, net assets and Book funds.”
Liu Hongmei nodded, opened the folder and said, ”well, I'll divide it into four parts at present.
Supermarket, logistics, real estate, remote technology.
Let me first talk about the total assets of the major subsidiaries. After all, our liabilities are somewhat disordered. Some of them are nominal debts of supermarkets, but actually they are used in logistics and remote technology. At present, there is some confusion.
In the later stage, the financial department will further speed up the accounting independence of the major subsidiaries.
After all, chaos has been going on, which is not conducive to the development of enterprises, and it is difficult for us to implement some reasonable tax avoidance measures.
And when it comes to the market in the future, this is also a big problem... ”
Li Dong nodded his head and said, ”I have no problem with this. You can go back and discuss with Mr. Yuan yourself.”
”Well, I've done all the planning. Just remember to sign.”
Liu Hongmei made a joke, then resumed her normal color and said, ”let me first talk about the supermarket. There are 10 branches in the supermarket.
North Jiangsu, Southern Jiangsu, Jiangxi, Zhejiang, Hubei, Shandong, Henan, Beijing and Tianjin, Shancheng and Shanghai.
As of May, there were 642 stores in operation.
Among them, there are 19 first-class stores, 68 second-class stores and 215 third-class stores
Among these 600 stores, only 68 of them belong to us, accounting for about 10%.
Other stores are leased, the lease term is generally signed in 10-15 years or so.
At present, the total value of fixed assets in supermarkets is estimated to be about 23 billion.
Including several of our large distribution centers.
In terms of intangible assets, the value is also as high as 4 billion yuan.
Therefore, it should not be a big problem that the total assets of distant supermarkets have reached 27 billion
”27 billion...” Li Dong knocked on the table, but didn't say much about it. Instead, he asked, ”we have 10% of our own property rights?”
Liu Hongmei nodded.
Li Dong said with a smile: ”not bad, better than I imagined.”
In the future, the physical supermarket will be impacted. It can be said that higher and higher rent is also one of the culprits.
Labor and rent are the two biggest expenses.
With the increasing rent, supermarkets are making money for landlords in the end, especially for those supermarkets with low proportion of their own property rights.
In 2008, most supermarkets expanded their stores in the form of leasing. After all, they bought a property when they opened a store, and the expenses were too large.
Far away, the proportion of 10% now seems small, but in fact it is very high.
In fact, the average level of the industry today is only about 5%.
This is still for the old supermarkets, some small-scale emerging supermarkets, the proportion of free property rights is lower.
Like Yonghui, I'm afraid it's less than 5%.
It was only a few years later that major retailers were allowed to increase the proportion of their own property stores. At that time, due to the impact of e-commerce, the rents were getting higher and higher, and retailers were overburdened. Finally, they decided to expand their own property.
In 2008, the rent was not high, the retail profits were large, and there was no e-commerce impact. Few retail enterprises would really care about these.
Of course, some enterprises with their own real estate development companies, such as China Resources and Suning, have advantages over Bailian in this respect.
Li Dong is now gradually expanding the proportion of stores with its own property rights. However, it costs too much. It is his best effort to account for 10%.At present, Li Dong's direction is not on this. First, he should complete the national layout, and then gradually carry out the privatization of property rights. This is the right way.
Anyway, he is not in a hurry. He just got up from afar, and the contracts signed are generally after 2020.
Unlike other supermarkets, which have been established for a long time, contracts for a large number of stores will expire in the next three to five years. The trend of store closures in the future is also related to the expiration of the lease.
Landlords like to pick up the rent, some stores rent more than doubled, enterprises have no way, naturally can only close shop.
After thinking about it for a while, Li Dong said, ”continue.”
After hearing this, Liu Hongmei continued to turn over the document and said: ”it was just in terms of supermarkets, the second is logistics.
Logistics companies are mainly divided into four parts, the first, the warehousing centers around.
Second, express delivery point.
Third, the unfinished remote logistics park.
Fourth, Sichuan Airlines.
In terms of storage centers, there are 6 warehousing centers that have been put into use, and there are 4 storage centers under construction.
Express delivery points, last year's plan of 1000 stores has been completed, and this year, another 200 distribution points have been added, with a total of about 1200, covering almost the entire China.
The remote logistics park, which has started its last phase of construction, is expected to be put into operation at the beginning of next year.
Today, we invest a lot in logistics. Since the beginning of the year, most of the profits of supermarkets and shopping malls have been invested in logistics.
In terms of investment alone, our total investment in logistics is no less than 10 billion. Now, the value of logistics companies may not be less than 12 billion. ”
Li Dong can't help the logistics company.
In fact, it didn't cost much to build express delivery points, mainly in warehousing centers and distant logistics parks. These two yuan alone cost him 67 billion yuan.
Plus the shares of Sichuan Airlines, the real money is spent on these things.
Moreover, this is only the beginning. According to Qinhai's plan, all storage centers will be built in the first and second tier cities. There is no doubt that there will be tens of billions of them.
The reason why the assets only reached 12 billion is related to the sharp drop in land prices this year. Otherwise, there should be more than that.
Li Dong thought for a moment: ”so, logistics plus supermarkets, the total capital capacity of 39 billion?”
”Almost, but it's just our internal estimation. If we want to really confirm, we have to ask a professional appraisal agency to conduct a large-scale liquidation assessment.”