Chapter 1529 100,000 Why

When Ding Anyang heard this, he turned to Zhang Yu and said, "Brother-in-law! Do you have anything to say?"

Zhang Yu smiled and said, "That's right! I think everyone who sits next has their own meeting materials. Look at me, how can I be a dignified president! If you are empty-handed, it is not good. I don’t know if we don’t have any extra materials here, so you can also get a copy for me so that I can learn from you.”

Everyone in the conference hall was a little dumbfounded when they heard Zhang Yu's request, but they couldn't say that Zhang Yu's request was unreasonable. How can they say that he is also a high-ranking president now. Although he is an agent, he is the boss of the company right now. There is no information at all, and it is indeed unreasonable.

Yu Mingzhi smiled and said, "Mr. Zhang can look at me first!" While speaking, he got up and pushed the document in his hand to Zhang Yu's hand.

"How embarrassing is this! I read it, what are you looking at?" Zhang Yu said politely, but his hands were not idle. He moved the document in front of him and flipped through it at the same time.

Yu Mingzhi smiled and said, "It doesn't matter! I'll just ask the office to send me another copy. These things are kept in the office, and they can be printed very quickly."

"That's fine! Then I'll use yours first." Zhang Yu looked over without raising his head.

Seeing this, Ding Anyang didn't say anything, and continued to lower his head and start explaining according to the content of the document.

Ding Anyang has presided over many such meetings, and naturally he speaks in an orderly manner, and everyone in the meeting listens carefully. For them, there are not many times when so many giants gather together at the same time. people make any noise.

...

"Excuse me! Can I interrupt for a moment!" Zhang Yu suddenly spoke while listening.

Ding Anyang stopped to explain when he heard the words, looked at the other party and said, "What's wrong, brother-in-law! Do you have any questions?"

Zhang Yu said, "I just want to ask, why is the net profit of our subsidiary, Zhongzhou Construction, negative in the first nine months of this year? What is the reason?"

Ding Anyang was stunned and hurriedly explained, "The main problem is that there are too many rumors about the launch of the property tax in the past two years, which directly led to the company's unfinished sales expectations. This is also the industry trend! Don't blame us."

Zhang Yu said, "Oh! That's what it is! Then I know, you can continue to talk about yours!"

Ding Anyang nodded and continued where he left off...

...

"Sorry to interrupt again!" Zhang Yu said honestly after a while.

Ding Anyang held back his displeasure and smiled, "What's the matter, brother-in-law! What else do you need to ask?"

Zhang Yudao said, "I want to ask! Doesn't our company own 100% of the equity of 'Zhongzhou Construction'? If we want to sell a wholly-owned subsidiary, it should have nothing to do with the CSRC! Why do we have to report to the CSRC?"

Ding Anyang said, "It is mainly the mainland assets of our Suntech Group, which is also listed on A-shares. Although 'Zhongzhou Construction' is our wholly-owned subsidiary, it is also an asset of the group, and it must be reported to the China Securities Regulatory Commission. ."

Zhang Yu nodded and said, "So it is! I really learned something. You can continue!"

Ding Anyang nodded while suppressing the primer, and continued where he left off...

...

"I'm sorry to interrupt again!" Zhang Yu said after listening, "Don't you all say that the mainland real estate industry has been so hot in recent years that even fools can make money? Why do our subsidiaries still lose money? ? It shouldn't be!"

Everyone in the conference room shook their heads when they heard this, and felt in their hearts! ok! Unexpectedly, this time the board of directors will assign a chatter who doesn't understand anything! There are too many questions! Doesn't this kid usually read financial news! This kind of big environment thing, but also use others to explain.

Of course Ding Anyang was also pissed off, but he couldn't respond to the other party, so he could only hold back his anger and said, "This...how can I explain it! In fact, the main reason is that our country is currently deleveraging,

Not only has the loan tightened on real estate projects, but also requires companies to destock and overcapacity.

Due to the relationship between the general environment and the tightening of investment, this year's real estate market has an oversupply of inventory housing. This directly led to a further contraction in the sales volume of our subsidiary's properties. It's not just us! Many leading real estate companies do the same. It seems that a big company like Qianda Real Estate, even the flagship project of Qianda Plaza, has started to package and sell it, so it is not so strange that we lost money. "

Zhang Yu nodded and said suddenly, "Okay, brother-in-law! You are really professional. What education do you have?"

"International financial management major at glby university in the United States!"

"Oh! It's amazing. It just dumped me a hundred streets! Okay, I know, you go on!"

Ding Anyang took a deep breath and planned to continue talking...

"Sorry to interrupt again!" Zhang Yu's voice sounded again.

Hearing this, Ding Anyang almost spat blood on the spot. He was silent for a moment, but he gritted his teeth and suppressed his anger, "What do you want to say?"

Zhang Yu didn't seem to have any feeling, and said, "I just want to ask! Since the real estate market is so sluggish, why can't we hold more houses in our hands and sell them later when the market is good! It seems to be a money-losing business to sell it in a package, right?"

Ding Anyang gritted his teeth, forced a smile, and said, "Brother-in-law! It's like this. What about real estate! In fact, it's not our company's main business. This investment in 'Zhongzhou Construction' was originally intended by the board of directors to get involved. In the real estate service industry, try to transform into an asset-light project and see if it can become a new profit growth point for the company. I just didn't expect that after the project was launched, the situation of the mainland real estate market changed abruptly. Assets. After all, our group has other major projects to be launched, which require capital turnover. It is impossible to focus all energy on these small projects, which is also impossible.”

"Oh! The total assets of 8 billion are only small projects! It seems that our Suntech Group is quite rich!"

Ding Anyang smiled dryly and said, "Although our Suntech Group can't compare to those large-scale domestic enterprises, it is still good among private enterprises. The total assets are about the level of the top 50 private enterprises in the country!"

"Wow! Top 50? It sounds like a good one. Then I don't know what level of enterprise Suntech belongs to in Xiangjiang?"

"Single digits!"

"Cow! Okay, I understand now, you can continue!"

Ding Anyang nodded with an ugly face...

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