Wanda Commercial Management is about to be listed in Hong Kong. This is Wang Jianlin second brushing the Hong Kong capital market. During this period, Wang Jianlin and his son attracted great attention again.
Wang Jianlin's only son Wang Sicong A sentence caused a capital war. There are also news that Wang Sicong is isolated in Shanghai, which has attracted a lot of attention. The news is not true or false, but I hope everyone can be healthy.
Wang Jianlin has worked hard in recent years. Compared with the photos from a few years ago, Wang Jianlin has obviously lost a lot of weight. After all, the work pressure has been quite high in recent years. Wang Jianlin successfully transformed with Wanda . The effort, wisdom, and even physical strength are a lot.
Wang Jianlin often set off from Beijing at 4 o'clock, then took a private plane to fly to three cities a day, and did not return to Beijing until the early morning, and then started working at six or seven o'clock the next day. Even if Wang Jianlin didn't go on a business trip, he would arrive at the company before 7:30 every day.
Wang Jianlin and his wife currently hold about 55% of Wanda Commercial's shares, while Wanda Commercial holds more than 78% of Wanda Commercial Management's shares. Wang Jianlin and his wife indirectly hold more than 40% of the company's shares.
Last year, Wanda Commercial Management first settled in Zhuhai and received a local investment of 3 billion yuan. Later, they received a round of financing of up to US$6 billion for companies such as Weekly Dafu , Country Garden , and other companies. The valuation of Wanda Commercial Management is HK$180 billion. In other words, after the company went public, Wang Jianlin only held indirectly the shares worth about 80 billion.
Not long ago, Hurun announced the global ranking of real estate rich people, Li Ka-shing continues to be the richest man. However, it is not reasonable for Li Ka-shing to be the richest man, because more than half of Li Ka-shing's assets do not come from real estate. If he has an influence in real estate, he is actually inferior to Wang Jianlin.
Wang Jianlin is the real richest man in invisible real estate. Wang Jianlin's Wanda Commercial Management now manages 417 squares, 132 of which are third-party cooperation, which is the light asset model that Wang Jianlin strongly promotes.
In fact, from a big perspective, Wanda Commercial is Wanda Commercial Management’s largest customer. The more than 200 Wanda Plaza built by Wang Jianlin himself were also entrusted to Wanda Commercial Management for management. Wang Jianlin puts heavy assets under Wanda Commercial's name, and if it goes public in Hong Kong, Wanda Commercial Management is China's largest real estate operation service company.
You can't regard it as a property company of a real estate company. Property companies basically only serve their own real estate companies' projects, which is difficult to expand externally, and property companies also find it difficult to provide value-added services.
Wang Jianlin's commercial real estate service business is different. Many shopping malls did not do well, but after Wanda took over, he came back to life. In addition to the 417 Wanda Plazas that have been opened, Wanda has reserved 161 projects, of which 139 are from third parties.
Wang Jianlin frequently took action in the past few weeks and bought commercial projects of several real estate companies at the bottom. Henan's Jianye Group handed over the commercial real estate projects to Wang Jianlin for operation. These real estate companies are too tight on their own funds and have handed over the project to Wanda Management. The latest news is that Wang Jianlin also won the operation rights of Beijing Wukesong Commercial Plaza, which will soon become the brand of Wanda Plaza to extend to the outside world.
Wanda Commercial Management's profit in 2021 was 3.473 billion, but this is only the profit of Wanda Commercial Management, not the profit of Wanda Commercial. Wanda Commercial's profit is the big part of Wang Jianlin's money making. In addition, Wanda Commercial Management currently has 18.8 billion in cash in its account. Wang Jianlin is really strong now.
Wang Jianlin said that he would not build Wanda Plaza again, and he would take the path of light assets in the future. Although the profit margins on this path are low, they have no debts and are expanding very quickly. At this rate, Wanda is likely to be able to develop 1,000 Wanda Plazas across the country in less than 5 years.
When the layout is completed, Wang Jianlin’s next step is to operate these squares in a refined manner and continuously increase the rental income of these squares.Wang Jianlin once said that Wanda’s rental income target is 100 billion, and many people think this is impossible, but in fact it seems not difficult now.
Wang Jianlin now has 417 Wandas and 161 reserve projects, so there are almost 600 Wandas, with a rent of 100 billion, which is considered to be a rent of less than 200 million for one Wanda. If Wanda Plaza expands to 1,000 in five years, then Wang Jianlin can do it if one Wanda Plaza contributes 100 million yuan in rent.
takes away 30 billion rent in the self-operated site Wanda takes away 30 billion rent, and the remaining 70 billion comes from third parties. Even if Wang Jianlin gets 30%, he will have 21 billion. Then Wang Jianlin can earn more than 50 billion.
Rental income is a very stable business, almost guaranteed income from drought and flood, which is different from real estate. Wang Jianlin will definitely continue to reduce his debt ratio in the next few years. When Wanda Commercial's debt reaches 10% or 20%, that is, Wang Jianlin firmly sits on the fishing boat. By then, Wanda will be the second Sun Hung Kai , even more powerful and more powerful than Sun Hung Kai.
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