Sun Hongbin, the chairman of Chinese housing enterprises, concluded at the performance conference yesterday that the group's investment in LeTV failed, but he never regretted it because he would definitely lose or lose.He also revealed that he would not invest in LeTV privately, but if anyone is willing to buy LeTV, he can find him, and he can also hit 10 % off.
Sunac Investment Investment was 15.04 billion yuan (RMB, Same as S $ 3.14 billion) at the beginning of last year, but LeTV Sports Hong Kong was cleared earlier, and LeTV Group was still trapped.When Sunac's midterm was announced, it had been provided for an impairment of 1.11 billion yuan for investment in LeTV and LeTV.
Sunac's preparations increased to 9.98 billion yuan at the end of last year, while the total amount of losses and losses in accordance with the equity law reached 16.56 billion yuan.When asked if the preparation was a strong man's broken arm?Sun Hongbin said that his head was cut off, and how he was a strong man.
He emphasized that he had never regretted anything.He also said that no matter how smart and high IQ, he would not grow without experience, no pain, and no loss.
In the middle of last year, Sun Hongbin said: Before investing in LeTV, I had no regrets in my life; but after investing in LeTV, if I didn't do this company well, I would really have regrets in my life.He also burst into tears at the time.
However, he showed this year: I want to make me cry, it is impossible, and I lose.
Will the failure of investment LeTV affect Sunac's future investment strategy?Sun Hongbin emphasized that this does not affect investment in consumer upgrades, but in terms of investment in Chuangke, he can't understand or has no ability.
Sunac repeatedly emphasized that the Group has allocated all the influence of LeTV, but it is still optimistic about the business of LeTV Films and Xin LeTV Zhijia's big screen.Sun Hongbin intends to continue to increase capital for these two companies.
He said: It has no money, losing money, can give it or increase capital.But for LeTV, he asked: How do you give it money?Lend it 10 billion?I am a fool (fool)?
Investment and consumption upgrade behavior will be prepared in the future
He said that LeTV, listed on the market, couldn't survive.Because even if you want to find an investor to increase your equity, the regulatory regulations need to be profitable for two consecutive years to do so, so capital cannot be increased.But he reiterated that LeTV returned to zero after dialing.
Sun Hongbin emphasized that real estate is still the absolute main business of Sunac. In the next three to five years, the mainland real estate industry will still have a chance, but after 10 years, it will face the problem of lack of land. Thereforebe prepared.
In any case, the market claims that Sun Hongbin is a madman who takes over Pan Xia.He said frankly yesterday that buying land from HNA and the acquisition of cultural tourism projects from Wanda, all of which are doing business, seeking relationships and opportunities. My reputation and credit are good.
On the other hand, Wang Mengde, CEO of Sunac, said that since the second half of last year, market financing has changed and the company's financing costs have risen. Therefore, in the next two years, it will focus on controlling the ratio of debt.
He also claims that expedite destocking to ensure cash flow and adopt a cautious investment strategy. I believe that in the next two or three years, profit will maintain a good level of growth.
