squidjig| Wanda suddenly! More than 138 million yuan was added to the execution target of the person subject to execution

Original title: Wanda, sudden

Wang Jianlin suddenly spread the big news.

Tianyan check legal proceedings information shows that recently, Dalian Wanda Group Co., Ltd., Dalian Wanda Sports, Culture and Tourism Development Co., Ltd. added a piece of information about the person subject to execution.Squidjig. more than 3.8 billion yuan, the enforcement court is the people's Court of Zhongshan District of Dalian City. The legal person and chairman of Dalian Wanda Group Co., Ltd. is Wang Jianlin, with a registered capital of 1 billion yuan, which is jointly owned by Dalian Hexing Investment Co., Ltd and Wang Jianlin.

At the same time, a number of companies under Wang Jianlin are also involved in a number of equity freeze information, including Dalian Xindameng Business Management Co., Ltd., which is highly concerned by the market. On May 14, the company added an equity freeze information, which was executed by Dalian Wanda Commercial Management Group Co., Ltd., with a frozen equity amount of about 16.2 billion yuan for a period of three years, according to App.

Dalian Wanda Business Management Group Co., Ltd. recently released the latest financial report, also attracted market attention. According to the report, in the first quarter of 2024, the company achieved operating income of 13.54 billion yuan, an increase of about 8.02 percent over the same period last year, and net profit of 2.901 billion yuan, down 37.39 percent from the same period last year. The report also releasedSquidjigRevealed a lot of signals, revealed the latest trend of Wanda.

It is worth noting that on May 17, the real estate sector ushered in a dense positive, A-share real estate plate set off a rising tide, of which Vanke's performance was particularly bright, stocks and bonds pulled up across the board. Among them, most of Vanke's domestic debt rose, "220000 division 07" rose 11.53 percent, "200000 division 08" rose 9.89 percent, "200000 division 02" and "220000 division 06" rose more than 8 percent, and "220000 division 05" and "210000 division 02" rose more than 6 percent. In terms of stocks, Vanke A strongly sealed the trading board; in the Hong Kong stock market, Vanke enterprises rose 19.37 percent.

Wanda burst out

Recently, Dalian Wanda Group Co., Ltd., and Dalian Wanda Sports, Culture and Tourism Development Co., Ltd., added a piece of information about the person subject to execution, with the execution target of more than 138 million yuan, and the enforcement court is the people's Court of Zhongshan District of Dalian City, according to the legal lawsuit information of Tianyan check.

Risk information also shows that the company has three pieces of information about the person subject to execution, with a total amount of more than 340 million yuan.

Dalian Wanda Group Co., Ltd. was established in September 1992. the legal representative and chairman is Wang Jianlin, with a registered capital of 1 billion yuan, which is jointly owned by Dalian Hexing Investment Co., Ltd and Wang Jianlin.

At the same time, many of Wang Jianlin's companies are also involved in a number of equity freeze information.

Dalian Xindameng Business Management Co., Ltd. (hereinafter referred to as "Xindameng") added an equity freeze message on May 14, according to App. The person being executed is Dalian Wanda Commercial Management Group Co., Ltd. (hereinafter referred to as "Dalian Wanda Business Management"). The amount of equity is frozen for about 16.2 billion yuan for a period of three years, and the enforcement court is the Beijing No. 4 Intermediate people's Court.

It is reported that the new alliance was established in January this year, the legal representative is Xiao Guangrui, the registered capital is about 16.207 billion yuan, jointly owned by Dalian Wanda Business Management and its subsidiary Dalian Wanyu Enterprise Management Co., Ltd. The company is a newly established holding company, its subsidiary is Zhuhai Wanda Business Management, is a commercial square operation and management platform, currently manages 496 large commercial squares.

Tianyan risk information shows that on March 20 this year, Dalian Wanda Commercial Management's stake of about 16.2 billion yuan in the company was frozen, and then the freeze was quickly lifted.

Now, Xindameng once again suffered an equity freeze, attracting market attention. In March this year, Dalian Wanda Business Management signed a contract with five investment institutions, including Pacific League Investment Group, Citic Capital and three international investment institutions, which jointly invested about 60 billion yuan in Xindameng.

After the completion of the capital injection, Dalian Wanda Business Management's stake in Xindameng will be reduced to 40%, and investment institutions such as Tai Meng will hold 60% of the shares.

In addition, according to the website of the National Enterprise Credit Information publicity system, recently, Dalian Wanda Business Management added a piece of equity freeze information. The enterprise whose equity was executed is Beijing Fengke Wanda Plaza Co., Ltd., freezing the equity amount of 1 billion yuan. The freeze period is from May 9, 2024 to May 8, 2027. The enforcement court is the Beijing fourth Intermediate people's Court.

Beijing Fengke Wanda Plaza Co., Ltd. was established in March 2015. its legal representative is Wu Hua, with a registered capital of 1 billion yuan. Its business scope includes commercial complex management services, property management, project management services, foreign contracted projects and so on. Dalian Wanda is wholly owned by Dalian Wanda.

A signal of financial results

Recently, Dalian Wanda Business Management released the latest financial report, which shows that in the first quarter of 2024, the company achieved operating income of 13.54 billion yuan, an increase of about 8.02% over the same period last year; total profit of about 3.669 billion yuan, down 38.18% from the same period last year; net profit of 2.901 billion yuan, down 37.39% from the same period last year; and net profit of 2.837 billion yuan, down 36.76% from the same period last year.

During the reporting period, the net cash flow from the company's operating activities was 2.339 billion yuan, down 53.44% from the same period last year; the net cash flow from investment activities was 1.308 billion yuan, compared with-6.431 billion yuan in the same period last year; and the net cash flow from fund-raising activities was-4.386 billion yuan, compared with 10.261 billion yuan in the same period last year.

In terms of asset structure, by the end of the first quarter, the total assets of Dalian Wanda Commercial Management was 606.36 billion yuan, slightly lower than the 608.927 billion yuan at the end of 2023; the company's monetary capital was about 12.481 billion yuan, compared with 13.432 billion yuan at the end of last year.

Among them, the latest changes in the scale of fixed assets have attracted market attention. At the end of 2022, the balance of fixed assets of Dalian Wanda Commercial Management was 6.052 billion yuan, and by the end of 2023 it was only 4.236 billion yuan, a decrease of more than 30 percent, which was mainly caused by the transfer of VANDA HOTEL in Shanghai, it said in the report. By the end of the first quarter of 2024, it fell by another 5 per cent to 4.02 billion yuan. This means that Dalian Wanda Commercial Management continues to recover funds through the sale of fixed assets.

In terms of liabilities, the company's liabilities totaled 298.573 billion yuan at the end of the first quarter of 2024, down from 304.149 billion yuan at the end of 2023. Of this total, the company's short-term loans were 2.784 billion yuan, compared with 1.339 billion yuan at the end of last year; long-term loans were 94.357 billion yuan, 93.404 billion yuan at the end of last year; bonds payable were 7.675 billion yuan, 10.586 billion yuan at the end of last year; and the company's total liabilities were 298.573 billion yuan, 304.149 billion yuan at the end of last year.

Speed up the withdrawal of funds

Recently, Wang Jianlin has been accelerating the withdrawal of cash flow for Wanda, and has successively sold off Wanda Film shares and 16 Wanda Plazas, including Beijing Wanda Plaza, where Wanda Group is headquartered.

At the same time, Dalian Wanda Commercial Management is accelerating its transformation to asset-light. For example, in 2022, Wanda Commercial Management will open 55 new Wanda Plaza, of which nearly 40 are asset-light projects; of the 29 Wanda Plaza opened by Wanda in 2023, at least 21 are asset-light projects. Not only Wanda Plaza, Wanda is also gradually withdrawing from hotels.

The asset-light model means that Wanda does not provide funds for the construction of Wanda Plaza, but is only responsible for exporting the brand, auxiliary design, construction, investment promotion and management. The rental income generated by Wanda is divided into a certain proportion with the investors.

According to the latest statistics from Lianshang.com, about 28 new Wanda Plaza projects will be opened nationwide in 2024, including Lu 'an Yu' an Wanda Plaza, Zhuhai Doumen Wanda Plaza, Xiangyang Wanda Plaza, Zhanjiang Lianjiang Wanda Plaza, etc., most of them are all asset light projects.

Currently, Wanda still manages nearly 500 Wanda Plazas. Judging from Wanda's plan to transition to light assets, selling heavy asset projects may be a continuous process. For Wanda Group, selling asset-heavy projects in exchange for working capital can not only solve the urgent need for cash flow, but also accelerate the group's transformation from heavy to light.

Some analysts pointed out that in terms of the current capital market environment, it may take some time for Wanda Commercial Management to impact the listing. Relieving the pressure on cash flow by selling high-quality assets may be one of the most critical strategies at present.

Editor in charge: Wang Lulu

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