His voice is very soft.
"Run away, reduce debt, hoard cash, and look for opportunities.
When others react, we have to jump out of this vortex."
Song Zhongping leaned on the back of the chair, looked at Zhao Chen, and suddenly said:
"Zhao Zong, to be honest, when you asked us to shrink our balance sheet last year, I was worried. Now I see that you are right."
Chen Qiming also nodded.
"Off-Balance Sheet Liabilities I also hesitated when cleaning up. After all, this is an unspoken rule in the industry.
But now that Off-Balance Sheet Liabilities has been cleared, the bank's attitude towards our lending has changed. This account is worth it."
Chen Wei said, "Yes, the interest rate the bank gives us now is lower than Vanke."
Zhao Chen smiled.
"These times have changed.
Real Estate's golden twenty years are over. The next twenty years will be the era of consumption, technology, and medicine.
Henglong If you want to survive and live well, you must keep up with the next era.
Real Estate's main business will be low debt and high-quality development in the future."
He walked back to his seat, sat down, picked up the tea cup and took a sip.
"Okay, let's break up the meeting and go back to work."
Everyone stood up one after another and walked out.
Song Zhongping and Chen Qiming were walking together, discussing in a low voice the inventory elimination list.
Chen Wei walked in front, walking very fast, already thinking about the plan to postpone the development of Banan's land.
Chen Xi and Zhang Qingxue were walking at the end. She was holding a notebook in her hand. When she walked to the door, she turned back and glanced at Zhao Chen.
Zhao Chen nodded at her. Chen Xi smiled, opened the door and walked out.
Only Zhao Chen and Su Wantang are left in Meeting Room.
Su Wantang put away the teacups on the table, poured the herbal tea into the small teacups on the table, washed the cups, and put them back on the coffee table.
"Xiao Chen," she said softly, "Do you really think Real Estate's golden twenty years are over?"
Zhao Chen leaned on the back of the chair and looked at the ceiling.
"It's over. The market will always peak, and policies will only speed up the pace of peaking.
Housing is for Living, Not Speculation is not a slogan, it is a national policy.
In the next five years, house prices will neither rise nor fall sharply. They will trade sideways.
Real Estate Company relies on refined operations to make money, not on land hoarding to increase in value.
Henglong does not have that gene, so we have to transfer it."
Su Wantang sat down opposite him and looked at him. "When did you start thinking about this?"
Zhao Chen thought for a while.
"From the day I took over Henglong at the beginning of last year, I knew that real estate would not go far.
It's not because Henglong is not good, it's because the entire industry needs to change.
That's why I'm anxious to Short Selling, Rights Issue, clear the list, and invest in new tracks.
Everything is paving the way for transformation."
Su Wantang was silent for a while, then smiled.
"You were only twenty years old at that time. A twenty-year-old can think further than a fifty-three-year-old."
Zhao Chen also smiled. "It's not that I think too far. It's that I see clearly."
He thought in his heart, not thinking too far, but he had lived a new life and experienced it all.
Su Wantang came over with two cups of freshly brewed tea and handed him one.
"What are you going to do next?"
Zhao Chen took the tea cup and took a sip.
"Slowly look for new investment opportunities.
US Stocks is not a big problem, Tesla will rise, and SpaceX will take off.
These two are my personal assets, and there is no need to account to Board of Directors.
But every cent of the money invested by Henglong - Yunnan Agriculture, Bubble Mary, Shunxin Agriculture - must be responsible to shareholders."
Su Wantang sat down opposite him and looked at him.
"Yunnan Agriculture, Shunxin Agriculture and Bubble Mary, can you see profits in the short term?"
Zhao Chen shook his head.
"Yunnan Agriculture is in the most uncomfortable stage.
African Swine Fever is still spreading, the industry is clearing out at an accelerated pace, and small and medium-sized farmers are exiting.
Yunnan Agriculture and Sows of Breeding Age have doubled and production capacity has increased, but pig prices are still low.
In the short term, profits will not look good.
But in the long run, when Pig Cycle reverses, the production capacity of Yunnan Agriculture will be a money printing machine.
If Muyuan can do it, Yunnan Agriculture can do it too. It just takes time."
He paused and then said:
"Bubble Mary Not to mention. First profit in the first quarter, 5 million.
But this profit, for 26.3% of the shares, is only over one million in the hands of Henglong.
A drop in the bucket. The outbreak of Bubble Mary still has a long way to go, and no obvious benefits can be seen for the time being.
Now, it's still climbing."
Su Wantang looked at him and said softly:
"In other words, neither Yunnan Agriculture nor Bubble Mary can give Board of Directors a brilliant return in the short term."
Zhao Chen nodded. "Yes. So I need Shunxin Agriculture."
He stood up, walked to the window, and turned his back to Su Wantang.
"Shunxin Agriculture's first quarter report should be out soon.
Brokerage research reports predict that Baijiu's business will grow by 35% to 40% and its net profit will nearly double.
If this data is realized, the stock price of Secondary Market will definitely rise sharply.
Henglong holds 5% of the position with a cost of 18.17 yuan.
If it rises to 25 yuan, it will be a floating profit of nearly 200 million. If it rises to 30 yuan, it will be 340 million."
He turned around and looked at Su Wantang.
"This is the best explanation I can give to Board of Directors and Minor Shareholder.
Yunnan Agriculture and Bubble Mary require time, but Shunxin Agriculture does not.
Its Baijiu business is exploding and the market will see it soon."
Su Wantang was silent for a while, and then said:
"You invest in Shunxin Agriculture not only because it is a long-term investment target, but also because it can help you win more say in Board of Directors."
Zhao Chen smiled. "I don't need more say in Board of Directors, but as Chairman, I must be responsible for the company."
Henglong The money invested cannot be spent on long-term projects.
Board of Directors needs to see short-term returns, and shareholders need to see profits on the books.
Shunxin Agriculture is the short-term catalyst. As long as the data in the first quarter report is similar to my judgment, the stock price will rise.
By then, no one will question my investment decisions anymore.
If I propose new investment projects in the future, Board of Directors will have a smoother approval process."
He picked up the tea cup and took a sip. The tea was already cold.
"US Stocks It's my personal business. I'll be responsible for any profits or losses.
But Henglong's money is the shareholders' money. I can't let them wait too long. Shunxin Agriculture is my account to them."
Su Wantang looked at him, walked forward, and gently hugged Zhao Chen:
"No matter what you do, I will support you."
Zhao Chen also hugged Su Wantang.
"Thank you, Wantang!"
Then he patted Su Wantang's back gently with his hand, "Let's go and eat. I'm hungry."
Su Wantang smiled, picked up his coat, and followed him out Meeting Room.
She knew that this man had already figured everything out.
He will protect Henglong and himself.
She is looking forward to Shunxin Agriculture's first quarter report very much.