Chapter 416 Hanhua Capital 2002 Summary Report (Part 2)
Xu Liang smiled and pressed his hands down.
“Thank you very much for your applause, and please calm down. I am only 22 years old in one month. I am still very young, and I also have the pride and impatience of young people.
How much applause do you have? I guess I'm drifting."
Although everyone doesn't understand the meaning of "Gone with the Wind", let alone the buzzword "Versailles" twenty years later, this does not prevent them from feeling happy in their hearts. Good middle finger.
Only one month to go before turning 22.
Compared with Xu Liang’s achievements, this is simply an enviable age.
"Mr. Xu, we are all members of the company. Can you also share your investment secrets with us?"
Xu Xin said with a smile.
Among the group of female generals in the company, she is the oldest and joined the company early, so she has the least worries about speaking.
"Yes, Mr. Xu. We are all our own, you can't hide them."
Liang Si smiled.
Looking at the noisy crowd, Xu Liang smiled and said: "I am only 21 years old. What experience can you expect from a young man who has not graduated from college and has never received professional financial investment training?
My investment success relies on intuition based on detailed information, which is talent. "
Seeing him pretending like this, Jiang Xiaoyang couldn't help but say.
"You really deserve a beating the way you look now."
Everyone burst into laughter.
Jiang Xiaoyang is the only one who dares to say this.
Xu Liang didn’t take it seriously either.
When everyone had finished laughing, they called up Sha Zhigang, the person in charge of Xuanwu Fund.
Currently there are two Xuanwu Funds.
Fund No. 1 raised US$500 million, and Fund No. 2 raised US$1 billion.
It mainly has three major projects.
First, the New Dream Real Estate Project, 103 buildings, 950,000 square meters, with a total cost of 4 billion Chinese yuan, a down payment of 30%, and a loan interest rate of 6.7%.
This project has just been taken over from Hongyan Fund.
It consumed US$260 million in funds.
Second, the Fuhua Apartment project is positioned in the mid-range.
All of them are acquired and renovated from unfinished buildings.
Currently, 19 projects covering 1.83 million square meters have been negotiated in Beijing, Magic City, Yangcheng and Pengcheng.
Invest 7.2 billion Chinese dollars and borrow 15 billion Chinese dollars from Standard Chartered Bank.
At present, the Fuhua Apartment project is still growing, with 1.2 billion US dollars and a principal of 10 billion Huaxia coins, and 2.8 billion has not been invested.
When the money is spent, Fuhua Apartment can add 10 projects with a construction area of about 700,000 to 1 million square meters.
Third, the Hongmeng headquarters project.
The entire project is divided into three phases.
Excluding the participation of Hongmeng Company and Hongyan Fund, Xuanwu Real Estate Investment Fund has two projects here.
Fu Wah Apartments and Fu Wah Court.
The former covers an area of 204 acres, mainly high-end apartments, with a floor area ratio of 1.8, a total construction area of 244,500 square meters, and a total investment of 800 million Chinese yuan.
Xuanwu Real Estate Fund has currently invested US$40 million to acquire land and build the first phase, and will seek bank loans for the remaining money.
Fuhua Garden, covering an area of 403 acres, mainly consists of mid-to-high-end elevator bungalows, townhouses, and single-family houses. The floor area ratio is 1.5, the total construction area is 589,400 square meters, and the total investment is 2.5 to 3 billion Chinese yuan.
However, the entire Hongmeng headquarters project is divided into three phases of nine years, and Fuhua Garden is placed in the last phase, which will start construction six years later, so there is no need to worry.
At this point, Xuanwu Real Estate Investment Fund’s two phases of US$1.5 billion have almost been spent.
“Thanks to the rising wave of real estate in China, the overall real estate properties we invested in rose by 17%, outperforming domestic unsecured commercial loan interest rates.” Sha Zhigang said.
Xu Liangliang understood that if he had not given the New Dream Real Estate project to Xuanwu Fund, their increase this year would have exceeded 20%.
“Is there a fund-raising plan for the third phase of Xuanwu?”
“We are currently preparing. We will officially start raising funds after the Spring Festival. We plan to raise US$1.5 billion and have a two-year blockade period. ”
Xu Liang nodded, "Adjust to US$2 billion."
Sha Zhigang was a little surprised. Although Huaxia Real Estate is developing well now, the fundraising amount of US$2 billion is a bit high.
But considering the big boss’s vision in investment, he had no objection.
The reason why Xu Liang increased the amount of funds raised was not just nonsense.
When the news spreads about the huge profits made by oil speculation, more funds will enter Hanhua.
It is impossible for Kunpeng to swallow it all. A large part will flow into other funds under Hanhua. Real estate funds with lower risks and good returns will definitely be the choice of many institutions.
After Xuanwu is the White Tiger Fund.
The person in charge, Sun Zhenping, was the first investment manager to join Hanhua Xiangjiang Branch after its establishment.
Also the first hedge fund manager with free investment authority.
White Tiger Fund has two sub-funds.
Fund No. 1 is Hanhua’s own fund, with 30 million Huaxia coins invested in corporate bonds of Apple and Amazon.
Fund No. 2 raised US$300 million, mainly corporate bonds from Apple, Amazon, eBay, Yahoo, BlackBerry and other companies.
Fund No. 1 has now closed its position.
In the past two years of investment, I have earned 1.8 times the income.
Taotie Fund, Baize Fund and Jupiter No. 3 PE Fund, with an initial amount of US$30 million, basically come from the principal and profit of Baihu No. 1 Fund, and part of it comes from the investment profit of Guangming Glasses.
"At present, Fund No. 1 has restarted its fundraising and plans to raise US$500 million. The blockade period will be three years. Bonds will still be the main investment direction." Sun Zhenping said seriously.
Hearing this, Xu Liang nodded secretly.
Facing the huge profits of Qinglong Fund, which has a market value of 30 billion U.S. dollars, and Xuanwu Fund’s huge fundraising of 2 billion U.S. dollars in the third phase, Sun Zhenping remains calm. From 300 million U.S. dollars to 500 million U.S. dollars, he can’t make rapid progress. big. Slowly accumulate experience and gradually enlarge your capital, which is very stable.
So he didn’t express any opinion.
Sun Zhenping did a great job.
After White Tiger is Phoenix Fund.
There are currently two funds.
Fund No. 1 has US$300 million and has basically been invested.
NBA Warriors, Nanfu Battery, Suguo Supermarket and Manchester United.
Fund 2 raised US$500 million and has now raised all of it.
The NBA Warriors have excellent results and are currently ranked second in the Western Conference, second only to the Lakers.
Nanfu Battery has seen steady growth.
Suguo Supermarket is developing rapidly.
Even Manchester United is a high-quality target.
Supported by such achievements, Phoenix 2 can fully raise funds before the end of the year.
“Phoenix No. 2 Fund is currently promoting the merger and acquisition of Jingkelong by Suguo Supermarket. The price has been negotiated at 470 million Chinese dollars. Suguo Supermarket will acquire Jingkelong’s 19 large stores in the Beijing area. stores, and 179 convenience stores.
The turnover exceeded 12 billion Hua Xia Yuan, surpassing China Resources and becoming the eighth largest retail group in the country," Liao Yan said with a smile.
Xu Liang knew that Jiang Xiaoyang had always planned to build Suguo Supermarket into a top retail group radiating across the country, and then promote it to go public to obtain greater benefits.
Although he is not optimistic about the future of offline retail, before the development of mobile payment, the future of offline retail is still bright.
"After acquiring Jingkelong, our next plan is to acquire Supermarket Fa, completely surpassing Wumart, and becoming the number one retail group in Beijing."
Xu Liang nodded, "The plan is good. After the acquisition is successful, Suguo’s integration of Jingkelong and Supermarket will take time, but the fund’s money cannot be kept in the account for a long time, so I need more M&A targets.”
USD 500 million is equivalent to 4.2 billion Huaxia. currency.
This is a huge sum of money.
“At present, we have inspected three companies, and the information is being compiled and will be submitted to you tomorrow.” Liao Yan said.
Xu Liang became interested, "Which three companies?"
"The first is Tuopai Qujiu of Shehong, Sichuan Province. As one of the six golden flowers of Sichuan liquor, Tuopai owns Tuopai Qujiu and Shede The two high-end wines achieved net revenue of 780 million Chinese dollars and a net profit of 20 million Chinese dollars in 2002, a decrease of 13.15% and 36.97% over the same period.
Therefore, the local government wants to control Tuopai Qu. Liquor is undergoing restructuring and shareholding reform, and many companies have already expressed interest.
The second one is the 'Kongfujia Group' in Shandong Province. "
"It's also liquor?" Xu Liang couldn't bear it. Live on the road.
He is from Lu Province, and the advertising slogan of Kongfujia, "Kongfujia, makes people miss home" is already clear in my memory.
"Yes. Because of the tax reform, the liquor industry is undergoing shareholding reform in which the state withdraws from the private sector and advances, and there are more opportunities."
Xu Liang understood that if the liquor industry has done well, the profits will indeed be relatively high. rich.
“Third is Asia Star Bus, which is currently the mainstream bus manufacturer in China. In 2002, it produced and sold more than 10,000 buses of various types, achieving sales revenue of 1.04 billion yuan and profits and taxes of more than 77 million yuan. .
The company has now formed more than 20 series of "Yaxing" and "Yangzi" brands and more than 100 varieties of large, medium, light, high, medium and ordinary buses, as well as the production and sales of large and medium-sized buses. Major economic indicators such as volume rank among the top in the same industry nationwide.
Currently, the local government is preparing to reorganize the assets of Asia Star Bus, and we can acquire it. "
After hesitating for a moment, Liao Yan continued.
"Originally, our list also included Meiling Group, one of the four golden flowers in the domestic refrigerator industry, but Meiling was involved in too many companies. The interest transfer from the local yamen had a complicated relationship, so we eliminated it. ”
Xu Liang nodded.
Since suffering a loss in the Jianlibao merger, Xu Liang has some concerns about such companies with complex political and business relationships.
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"Give me the information tomorrow."
"Okay."
After the report, Liao Yan left.
After Phoenix Fund is Kunpeng.
Kunpeng’s current main investment is 1.3 billion Chinese dollars, leveraging 13 billion U.S. dollars to long Brent crude oil futures with ten times leverage.
The price at the time of investment was US$22.5 per barrel, but now it has risen to US$23.7 per barrel.
One barrel earned US$1.2. According to the current holdings of Kunpeng Fund, Kunpeng Fund has made a net profit of US$1.2 billion.
Not to mention Taotie and Bai Ze, they have just been established and are still in the stage of raising funds and looking for investment targets.
Taken together, after nearly three years of development, its own capital is US$215 million.
Among them, Taotie Fund, Baize Fund, Jupiter 3 PE Fund, and Mars 5 Fund each have US$30 million, totaling US$120 million.
Mars 2 Fund $50 million.
Mercury’s three sub-funds each have US$10 million, totaling US$30 million.
Profit from investing in Guangming Glasses is 240 million Chinese dollars.
According to the regulations at the beginning of the establishment of Hanhua Capital, if the price of the fund more than doubles within a year, in addition to the 2% management fee of the fund, half of the dividends will be paid.
That is, the gross profit of Hanhua Capital is 122.4 million Huaxia coins, which is approximately US$15 million.
In terms of fixed assets, Hanhua Capital’s new 80,000-square-meter headquarters office building in Beijing has been completed and is being renovated.
The current market value of this building is around US$150 million.
Three office spaces in Beijing, Silicon Valley, and Greenwich, New York, are worth US$52 million.
60% of the fixed assets with a total value of US$200 million are loans.
To summarize this series, Hanhua Capital has total assets of US$435 million and net assets of US$295 million.
In terms of capital under management, the three Mercury funds total US$30 million.
(End of this chapter)