Chapter 2922 2924【Regret at the beginning】
Several years have passed in a hurry, and in 2020, the real estate industry has been hit hard.
Real estate investment decreased by 40%, the transaction volume plummeted, the real estate capital chain was severely impacted, and real estate risks in third- and fourth-tier cities surged...
Fortunately, Jingyan Group has Xiangnan to manage the business. It started planning as early as three years ago, abolishing projects, returning funds, and reducing debts. Therefore, the capital reserve is relatively sufficient, and it is less affected by the shock.
Jingyan Group is regarded as a high-quality real estate enterprise because of its excellent financial situation.
Industry status, stock prices, and real estate sales have all increased.
In comparison, Wang Feiyu's Xiangyu Real Estate and Yang Ke's Dadi Hengxin are both heavily in debt because of their aggressive expansion in the past few years, buying land and building houses everywhere, and now their operations are in trouble.
Especially for Wang Feiyu's Xiangyu Real Estate, the asset-liability ratio after excluding advance receipts is as high as 92%, and the net debt ratio is as high as 800%. The operating situation is already quite dangerous.
But Xiang Nan is not surprised by this.
In the past few years, in order to seek revenge for Xiang Nan, Wang Feiyu expanded wantonly, borrowed heavily, acquired land everywhere, and developed projects. He wanted to make more money so that he could be more qualified to fight Xiang Nan.
And Tang Xin is also a greedy and pragmatic person. In order to make more money, she got more commissions and bonuses, and also strongly supported Wang Feiyu's expansion.
Therefore, Xiangyu's development is irrational, and it is a bit too much.
If they had worked so hard when the real estate market was booming, they might have succeeded. But it is a pity that people are not as good as heaven, and now the real estate industry has been hit hard.
Xiangyu Real Estate has a very dangerous asset situation due to excessive borrowing. There is only one chance to close the liquidation.
…
Entering 2020 or 2003, the real estate market is still tense. Sluggish sales, shrinking investment, falling housing prices, tight capital chain...
Fortunately, Jingyan had the support of Xiang Nan, so nothing happened. Instead, when other real estate companies were unable to expand, they won many good locations, laying a good foundation for future development.
In contrast to Xiangyu Real Estate, thunderstorms occurred in many projects.
Because of excessive borrowing and inability to repay, suppliers refused to supply materials, and builders were unable to start work.
As a result, many projects that had already started were suspended, and they were almost reduced to unfinished projects. This also made house buyers very dissatisfied, and they demanded refunds and check-outs one after another, which caused a lot of trouble in the city for a while.
In the second half of 2003, there was a thunderstorm in Xiangyu Real Estate.
The project was completely shut down, the capital chain was completely broken, and the due bonds and commercial papers could not be paid, and the suppliers lived directly downstairs in the headquarters to collect debts... There was a lot of trouble for a while.
Wang Feiyu was also included in the list of dishonest persons, and his fate was quite miserable.
In March 2004, Xiangyu Real Estate officially announced its liquidation.
The tycoon in the real estate industry who once intended to compete with Xiang Nan, fell into a slump and became a victim of the great era.
Seeing his fate, Xiang Nan was not surprised.
Business is all about doing what you can. Wang Feiyu was blinded by revenge, so he only wanted to make a lot of money in order to compete with Xiang Nan.
Actually, with his abilities and steady progress, it is absolutely impossible for him to be in such a mess, and now he is still his own real estate tycoon.
As a result, I committed the word "greedy" and ended up with nothing. It's really pitiful and deplorable!
As the vice president of Xiangyu Real Estate, Tang Xin was also forced to lose her job due to the liquidation of the company.
Although she is very capable, experienced and well-known in the industry, no company dares to hire her again right now.
Firstly, reducing debt and securing funds are the development strategies of almost all real estate companies. And Tang Xin is the person who is in charge of the project, and he has to invest money in the project. Now no real estate company dares to invest lightly, so naturally there is no reason to hire her with a high salary;
Secondly, most people who come to do business are more superstitious. Because the uncertainty in this industry is too great, it is common for people to become poorer by the third and richer by the fifth, and the pressure they face is very high, so they are more taboo.
Although Tang Xin is capable, she just ruined a company after all. In this case, no company would dare to invite her rashly. So Tang Xin was unemployed for a while.
Although with her savings, it doesn't matter if she doesn't go to work. But as a strong woman, what she wants is the feeling of commanding thousands of troops, saying what she says, and making decisions.
Let her idle at home and be a housewife, she might as well be dead.
So Tang Xin finally decided to start her own business, took out her savings over the years, and then used her contacts to get an investment to start a cultural tourism town.
It is to build a small town on the outskirts of the city to attract tourists for sightseeing and consumption, and at the same time to build real estate and sell it.
This kind of business model is not uncommon in China.
But it is a pity that with the broadening of the people's horizons and the improvement of appreciation level, this kind of cultural tourism town created mechanically has been gradually abandoned due to the lack of cultural heritage, too many commercial elements, and serious homogeneity. Consumers abandon.
In the end, Tang Xin's cultural tourism town project fell through, and the investment of 500 million yuan was wasted. Tang Xin was also included in the list of dishonest persons due to her huge debts. It would be very difficult for Tang Xin to make a comeback.
Knowing her fate like this, Xiang Nan sighed for a while.
This is called "greedy words become poor". If she stayed in Jingyan Group, she would still be the project manager, and even vice president and president.
But she is too greedy, and she only wants to make more money. Well now, she can no longer make money.
…
In 2005, Dadi Hengxin also suffered a thunderstorm because he could not pay the due bonds.
Yang Ke has already taken over the post of president of Dadi Hengxin at this time. He tried his best to maintain it and raised funds everywhere, hoping to turn the tide and save Dadi Hengxin.
But in the end, it was still unable to do what it wanted, and it was difficult to recover from the defeat. Finally, in 2027, Dadi Hengxin was also applied for compulsory liquidation by its creditors.
Although Yang Ke did not borrow from the private sector like Xie Jiayin and Tang Xin did, so he escaped unharmed, did not become an old rascal, and was not listed on the list of dishonest persons.
But as a man who is dedicated to pursuing his career, he has struggled for half his life, but his career has failed completely, which makes him very depressed.
In comparison, Jingyan Group has Xiang Nan inside and Fan Jingang outside. Its development in recent years, I dare not say it has advanced by leaps and bounds, but it is also thriving.
Compared with ten years ago, the market value has increased by more than five times. Not only is it the largest real estate company in Shanghai, but it is even expected to compete with real estate companies across the country.
Seeing this scene, Yang Ke was even more sad.
If he hadn't tried to change jobs, then the positions of vice president and president might have been his.
Fan Jingang's ability is far inferior to him. If he hadn't left Jingyan, Fan Jingang's day would never have come.
But now Fan Jingang is a leader in the national real estate industry, but he has become a lost dog.
Comparing the two, how can we not feel desolate.
(end of this chapter)