Chapter 1374 (1/2)
Far away canteen.
At the moment, keep absolutely quiet. Everyone is looking at the documents sent from far away.
In fact, the content of the document is not much, it is very simple.
Distant new retail group!
It will cut out the online distant shopping mall, go out independently, integrate into the new Guomei system, and form a new offline retail group.
And the brand-new offline retail group has gathered distant, Carrefour, Guomei, Shidai, Suguo, Yongan, Kelong This series of retail enterprises.
As early as September 2008, when the distant and Longhua exchanged shares.
Far away retail group, without Gome and online, has exceeded the 40 billion mark in total assets.
After that, the company continued to expand and invest in the distance.
In addition, there are more distant actions in the later stage, more and more fame, and the value of fixed industry and brand has increased. In the past half year, the value has increased a lot.
Today's distant retail, without the addition of online and Guomei, 50 billion is absolutely there.
Last year, just offline, the revenue of distant supermarkets reached 110 billion yuan.
Although revenue is not the standard to measure the value of an enterprise, it is also enough to roughly estimate some things.
The revenue is 110 billion yuan and the profit is close to 10 billion yuan.
At this time, if the remote supermarket is listed, even according to the 10 times P / E ratio, the market value of about 100 billion yuan is still OK.
Of course, market value does not represent assets, but market value is also the embodiment of value.
Today, the distant supermarket and Guomei are integrated, with a total revenue of nearly 200 billion yuan.
This is the authentic offline retail giant group!
Last year, Sulin, the second largest company in the world, and the third hundred companies, together, earned about 200 billion yuan in revenue.
In any industry, the value of the first and the second can never be equated.
If we say that the retail business value of Sulin and Bailian is 100 billion, although their revenue is similar, the value can not be equal.
Like the distant PP, although weaker than QQ, but now, less than how weak.
However, the first is the first. Teng Xun's main business is instant messaging. The market value of Teng Xun is as high as $20 billion.
And far away PP is now listed alone, let alone 20 billion dollars, can have 10 billion dollars on the top of the sky.
Therefore, after the restructuring of the offline system of the remote retail group, the total assets of Guomei were about 100 billion yuan.
Among them, the liabilities are close to 40 billion yuan, and the net assets are about 60 billion yuan.
When purchasing Guomei, Li Dong still owed a lot of money, which was included in the liabilities of the offline retail group.
The total assets of RMB 100 billion and the net assets of RMB 60 billion are not underestimated.
However, at the moment, the documents given from afar have given a new valuation.
With Guomei, there are a total of 2108 stores in the remote offline retail system, and the valuation given by the distance is 100 billion!
Net assets!
This is 170% higher than the actual assets!
Enterprise value is not so calculated!
The reason why net assets are calculated with net assets is the actual value of the enterprise.
It's just a joke that such a high asset statistics should be given from afar.
Chu Dequn looked at it for a while. Seeing that other people were silent, he could not help frowning and said, ”Mr. Li, this is a bit of a joke.
We admit that the influence from afar is great, and it is not too much to say that we are the first in China.
But in fact, the distant retail system has not yet been integrated, nor has the effect of ”1 + 1 greater than 2”.
If you have completed industrial complementarity and resource integration.
You said that the value of remote offline retail is 150 billion yuan, and the net assets have exceeded 100 billion yuan. I agree.
But not now!
The stores of Carrefour and Guomei are all in a state of segmentation up to now, which has not caused the actual industrial expansion, and your profits have not reached a balanced state.
At this time, don't you think it's too much for Mr. Li to give us such a valuation? ”
Shen Guojun also looked ugly and said: ”Mr. Li, the meaning of general manager Chu is not only the meaning of general manager Chu, but also the meaning of all our enterprises!
We can agree with some of your views, and even give up our channels to you to master from afar.
However, in terms of fundamental interests, it is beyond our expectation to maximize the interests from afar.
The net assets of 100 billion yuan, to say the least, and the distant shopping mall, we reluctantly recognize it.
Now, I can't accept such a valuation even if we exclude the distant shopping malls. We have no sincerity from afar
”Yes, Li does not really want to use the estimated value of this asset to talk about cooperation with us?
It's estimated. Mr. Li, you said that the value of distant retail in three years will be one trillion yuan. I have no objection.But now, we still speak according to the facts.
It's just as much as it should be.
We are the same way. We should make some concessions in the brand value.
No matter how much concession, we can't make it to this point.
Mr. Li, when you eat meat, you always give us some soup, don't you?
It's hard for me to accept your own proposal of benefit sharing
“……”
There was a burst of heated discussion, and everyone disagreed.
However, Li Dong was not flustered and said: ”ladies and gentlemen, whether the value of the remote offline retail system is 100 billion yuan or not should be known in your mind.
Far away, there are many self owned industries and a high proportion of fixed assets.
With more than 2000 stores, we own more than 12% of our own properties.
This part of the industry was originally prepared to be handed over to Dongyu real estate, so as to avoid some debt disputes.
The management from afar has proposed it several times before, but it has been rejected by me.
Why do I veto that?
It is because of the need to maintain the integrity and competitiveness of remote retail!
More than 12% of our own properties, complete supply chain channels, in addition, you have to add the added value of warehousing and logistics.
Although these two are not in the remote retail industry, and online, although they are not in them, can the added value really not exist?
Distant retailing is not an isolated existence, but a link in the whole process.
As long as other industries are still in the distance, remote retail can enjoy special treatment and competitiveness.
If we simply calculate the value of fixed assets, then I am a blood loss.
I can understand that you are weighing your interests.
However, we should also consider it from my point of view!
As an integrated industry, do you think that distant retailing will be separated from the whole group system by me?
Now that you enjoy it, that's the value.
Is the total assets of 140 billion yuan really high?
The distant debt ratio is not high, which is also one of the performance of high-quality enterprises... ”
Li Dong was able to boast, but no one would agree.
With a few words from Li Dong, the value of the whole group rose by 40 billion yuan. That money is not money!
No matter how large the added value is, it will be less than 40 billion!
Does a remote logistics investment amount to 40 billion?
According to Li Dong's algorithm, a remote retail offline group alone can match his total assets in November last year.
How many months did he earn such industries as remote technology, distant shopping mall, distant logistics, Dongyu real estate and microblog?
After making so much money in a few months, Li Dong simply went to grab it.
No, it's not that fast.
Of course, people have also subconsciously ignored the reduction of Li Dong's shares in Weibo. This is Li Dong's business and they will not consider it.
There was a lot of discussion, and several executives from afar also talked in a low voice.
Sun Tao said in a low voice: ”who made the valuation of 140 billion yuan?”
Wang Yue shook his head, and Chen Lang coughed softly: ”I did it, but first of all, I gave an estimated value of 120 billion yuan. Then I went to the chairman's office for a circle, and that's all.”
”A sum of 20 billion...”
Sun Tao said with some emotion: ”if this is true, if you start writing, half of the national plum will be earned back.
You add a stroke, he adds a stroke, and a national plum will come back. ”
Wang Yuebai glanced at him, but he didn't have a good way: ”you talk too much, don't you understand the bargaining?”?
Now give 100 billion?
How will the price be lowered later? ”
”No more pressure, no more than 40 billion?” Sun Tao said in a low voice: ”follow this jerk. Don't look at the specific data statistics in the future. Anyway, it's right to follow up.
What result did you think of the last micro blog financing?
We valued it at $2 billion. In a flash, he came up with $3 billion. In the end, he was accepted by everyone for $2.5 billion.
Nowadays, face can really serve as a meal. Guess, how much value will it be accepted by everyone in the end? ”
Wang Yue was also a little curious at this time, and said in a low voice: ”the total assets of 120 billion yuan are indispensable to me.”