Wang Jianlin Talks About Possible N Pformation Of Wanda

In order to achieve its trillions of goals, Wang Jianlin pointed out that Wanda Group and Wanda Commercial real estate must be pformed. "Compared to the first three pformations, the fourth pformation is more extensive and more dynamic, representing the new pformation and upgrading of Wanda's future development direction".

So, what is Wanda of one trillion? What is the direction of Wanda after the pformation? Only on the current concepts and indicators, it is difficult for the outside world to see clearly.

However, looking back at Wang Jianlin's recent words and deeds, he can see one or two of them.

Transformation to service industry

It is reported that Wang Jianlin stressed that Wanda content to be pformed, Wanda should pform from real estate to service oriented enterprises.

This is exactly what Wang Jianlin has been saying and doing this year.

In December 2014, Wang Jianlin has announced that Wanda should pform itself into a provider of "lifestyle, consumption and cultural entertainment comprehensive platform providers".

This time, Wang Jianlin made clear the development path of Wanda. "By 2020, we should form four basic plates, namely, commercial, cultural tourism, finance, and electricity suppliers, and realize pformation and upgrading."

He pointed out that by 2020, the income and net profit ratio of Wanda Group's service industry will strive to exceed 65%, while real estate sales and net profit share is less than 35%.

It is understood that the Wanda Group, founded in 1988, has now formed four core industries: commercial real estate, luxury hotels, cultural tourism and chain stores.

However, with the advent of "small profits" in the real estate industry, Wang Jianlin urged that Wanda should go to real estate.

In 2014, the growth of Wanda Group's non real estate business income exceeded that of real estate for the first time.

According to Wanda Group's 2014 results released in January 17th, Wanda Commercial real estate contract sales revenue of 160 billion 150 million yuan, an increase of 26.8% over the same period.

The cultural group earned 34 billion 140 million yuan, an increase of 32.3% over the same period, while Wanda's revenue was 25 billion 600 million yuan, an increase of 65.3% over last year.

What needs to be concerned is that Wang Jianlin emphasized that Wanda should speed up the development of three service industries: cultural tourism, financial industry and electronic commerce.

Among them, the electricity supplier is becoming Wanda's "life-saving straw".

In fact, on the eve of the listing of Wanda Commercial Real Estate in late December, Wanda has already pferred the electricity supplier to the listing platform.

In July 2014, Wang Jianlin announced that Wanda will continue to fully develop the electricity supplier.

In the following month, it entered into strategic cooperation with Tencent and Baidu, and set up an electricity supplier company.

This year, Wanda also introduced two foreign Internet investment funds for the electricity supplier company, 1 billion yuan, and collaborated with TCL group in the Internet application and service platform.

However, for Wang Jianlin himself, cultural tourism business may be even more important.

According to statistics, up to now, Wanda has 8 Wanda cities under construction in Wuxi, Harbin, Qingdao, Hefei, Nanchang, Xishuangbanna and Wuhan, of which Wuhan project has been opened.

In addition, since the end of 2013, Wanda has purchased travel agencies in Hubei, Beijing, Jiangxi, Anhui, Shenzhen, Qingdao, Wuxi, Zhejiang and Nanjing respectively.

In the financial sector, the layout of Wanda appears to be relatively low-key.

Among them, the latest known initiative is the recent acquisition of fast money.

It is reported that Wanda will build the Internet financial ecological chain with fast money as its core.

In the half year meeting of last July 12th, Wang Jianlin said that Wanda plans to establish Wanda financial group in the three quarter of 2014. It is declaring to set up a financial company with a registered capital of 30 billion, and plans to invest in other financial sectors, such as buying a 4.2373% stake in Centennial life at 122 million 500 thousand yuan.

Be a multinational company

Wang Jianlin was still alive though he had reached the age of a flower.

This time, he wants to drive Wanda's great wheel from China to overseas; "from space, Wanda should pform from Chinese enterprises to multinational enterprises".

"I have a dream to bring Wanda to the world's Super enterprises and become a world-class multinational company."

In December 20th last year, Wang Jianlin, who was asked when to retire, was also quoted as saying.

When defining what is a multinational enterprise, Wang Jianlin said that by 2020, Wanda should have a net profit of one trillion assets, 600 billion yuan income and 60 billion yuan, of which 20% of its income should come from overseas.

Prior to that, Wang Jianlin also pointed out that Wanda's overseas investments mainly focus on mergers and acquisitions of cultural industry and tourism industry, rather than real estate investment.

In fact, since Wanda spent $2 billion 600 million to acquire AMC in the US in May 2012, Wang Jianlin began to race around the world.

In June 2013, Wanda gained about 1 billion pounds to receive the largest luxury yacht maker in the UK, the San xit and the London core area project.

In 2014, Wanda speeded up the pace of overseas expansion.

In January 24th, Wanda announced that it would invest 2 billion to 3 billion pounds to carry out urban renewal projects in the UK.

In June, it bought 265 million euros for Madrid Madrid landmark.

In December 3rd, the mayor of Moscow said he was providing a real estate of about 1 million square meters to Wanda, worth over 2 billion dollars.

On December 18th, Wang Jianlin or invest in the original "European gambling city" plot in southern Madrid, worth 6 billion euros.

In the United States, Wanda invested $900 million last July to build a high-rise hotel and apartment complex in Chicago.

In August, Wanda amounted to $1 billion 200 million, winning the project site 9900 of Losangeles's Beverly Road.

Last August 13th, Wanda also moved to Australia to invest 971 million Australian dollars to build a Riviera Resort & Spa.

In December 23rd, Wanda bought an office building in Sydney, Australia, at a total price of 435 million Australian dollars (about 2 billion 200 million yuan).

In addition, Wanda also joined the Atletico Madrid club and was buying the Ying Fang sports media group with the right to broadcast the world cup as well as the lion pictures of the famous American film company.

In order to promote Wanda's "world-class multinational enterprises", Wang Jianlin stressed that Wanda's real estate in the future should implement a new development mode, that is, Wanda Commercial real estate should push the "light assets" mode.

It is reported that in order to achieve this pformation, Wanda has set up a light assets operation Department.

This is the first adjustment of Wanda Commercial real estate after listing. Wang Jianlin is determined to make Wanda "light" and complete the next stage expansion of Wanda Plaza with external capital.

On the afternoon of January 14, 2015, Wanda Commercial Real Estate announced that it would set up an investment framework agreement with the Everbright Holdings, harvest capital, Sichuan trust and fast money to invest 24 billion yuan to build more than 20 Wanda Plaza.

In response to this cooperation, Wanda business stressed: "this marks Wanda Commercial" light assets "mode officially launched, the company will embark on the" light and heavy "development path, create a new business model.

according to

Suppose that Wanda Commercial Real Estate's light asset mode is Wanda Plaza's design, construction, investment, operation, information system and e-commerce, which are Wanda's products, and use Wanda's brand, but all funds are made by special funds of cooperative organizations, and assets are owned by investors.

"This kind of light asset mode has no real estate sales, is quasi financial investment behavior, Wanda and investors are divided into net rental income."

Wanda believes that no matter how the housing price changes or the market cycle, it will have little impact on this development mode.

Analysis pointed out that Wanda Commercial real estate to pform light assets, its purpose is to increase rent net profit per year.

According to its performance in 2014, its sales revenue was 160 billion 150 million yuan, of which rent was repaid 11 billion 80 million yuan, an increase of 32.7% over the previous year, and the completion rate of rent repayment was 100%. Its accumulated property area increased by 32% to 21 million 570 thousand square meters from the same period last year.

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It is conducive to its rapid expansion and market share.

Wanda Commercial Real Estate believes that the implementation of light asset mode does not require a penny, but the annual revenue is considerable, which can reduce the pressure of capital, reduce corporate liabilities, and substantially increase net profit margin and net asset yield.

Previously, Wanda business has always been known to foreigners as a "heavy asset" mode, that is, the investment, construction and management of commercial real estate in the urban complex are all completed by Wanda itself, investing in Wanda Plaza through cash flow from real estate sales.

Many analysts believe that in the future, Wanda Commercial real estate will be faced with the ceiling of "selling rent" mode, which is also the biggest worry for Wanda commercial market when it breaks the market on the first day.

In fact, Wang Jianlin's attention to capital markets peaked in 2014.

At present, as Wanda cinema will be listed in Shenzhen Stock Exchange in late January, plus Wanda Commercial Real Estate in Hongkong at the end of December last year, as well as the Wanda Hotel and American AMC, Wanda will have four listed platforms in China, the United States and Hongkong.

In the industry view, this means that Wanda has successfully opened up the three most important capital channels in the world, and its commercial real estate, hotels, theaters, films and overseas businesses can directly face the capital market and achieve rapid cash flow.