The well-known economic ** "Daily Economic News" reported on the evening of 2023-12-08 that according to the official WeChat of Country Garden Group Company, Country Garden Group held a monthly management meeting on the same day. Yang Huiyan, the current chairman of the board of directors of Country Garden Group, said at the meeting that the Yang family is smashing pots and selling iron, and they must also support Country Garden to survive.
Firm confidence and courage to move forward", this is the theme of Country Garden's monthly meeting for the fourth consecutive month. Under this theme, Yang Huiyan instructed that the focus of Country Garden Group's work should focus on the key work of "one body and two wings" in the near future, as well as the work requirements of the next stage, and encourage all employees of Country Garden Group to maintain confidence and work hard to seek better development of Country Garden Group Company.
Yang Huiyan emphasized at the meeting that in the next 12 months, Country Garden will unswervingly implement the principle of "three guarantees", that is, to ensure delivery, operation and credit. Among them, guaranteed delivery is the top priority. According to statistics, in the first 11 months of this year, Country Garden has delivered about 500,000 housing units, with a cumulative delivery area of 60.43 million square meters, involving 32 provinces and 240 cities across the country. Its number of deliveries ranks first in the industry, far ahead. Among them, the early delivery of some projects in Shandong, Shanxi, Jiangsu, Anhui, Guangxi and other places, and the full delivery of Hebei, Hubei, Hunan and other places, fully demonstrated the excellent performance and strength of Country Garden.
Yang Huiyan revealed at the meeting that in the next 12 months, Country Garden's delivery work will enter deep waters. It is expected that by 2024, Country Garden will deliver more than 400,000 units, which is an arduous task. She emphasized, "Ensuring delivery is a difficult and important task, and I hope that everyone will be ready to fight, attach great importance to it, and do a good job in pre-planning." Country Garden's pursuit of quality delivery has not been relaxed by the pressure of delivery quantity. They insist on one-stop service, improve the quality of the project through strong foundation actions, adhere to timely delivery, and strive to achieve all-round high-quality delivery.
Mo Bin, President of Country Garden Group, also emphasized at the meeting, "Ensuring delivery and safety and quality is the bottom line of the company, and we must do a good job in bottom line management, which is also the bottom line of the company's survival." He also pointed out that in 2023, Country Garden Group will do its best to reduce administrative expenses, and the total amount will be significantly reduced by nearly 60% compared to 2021. In addition, the Yang Huiyan family, as the controlling shareholder, fully provides financial support for the company. Since its listing, it has supported a total of about HK $41 billion through borrowing, increasing holdings, purchasing bonds, and paying dividends on behalf of shares, and has never supported the company by selling iron, and the company will strive to explore an effective path to resume normal operations as soon as possible. ”
At the same time, Country Garden plans to restructure and merge the original 14 regional companies into 7 new regions. This adjustment can be described as a butterfly spreading its wings, and Country Garden in change wants to meet the challenges of the future with a more efficient organizational form. The specific adjustments are as follows: Hebei and Beijing are merged into North China;Shandong and northern Jiangsu were merged into the Lusu region;The northwest and Shaanxi are combined into the central and western regions;Anhui and Zhejiang were merged into the Zhejiang-Anhui region;Jiangxi and Fujian were merged into the Jiangxi-Fujian region;Yunnan and Sichuan were merged into the Sichuan-Yunnan region;Guangxi and Jiangzhong were merged into the Jiangzhong region.
According to a relevant person from Country Garden, the regional adjustment of Country Garden is to further enhance the adaptability of the organization and business, promote flat and efficient management, synergy and complementarity of available resources, and make every effort to ensure the realization of the strategic goal of "guaranteed delivery". In March this year, Country Garden announced the implementation of a plan to serve as regional president, reducing the original 58 regions to 29.
According to the announcement issued by Country Garden on the Hong Kong Stock Exchange on December 6, Country Garden's contracted sales amount in November was about 61100 million yuan, and 260 million in the same period in 2022Compared with 1 yuan, it decreased by 19.9 billion yuan, and the range was as high as 765%!It's almost a fraction of last year. As of December 8, when the Hong Kong stock market was **, Country Garden's *** was 0HK$75, again**506%, and the total market capitalization is about 209HK$900 million. You must know that when Country Garden's stock price was at its highest, Country Garden's total market value used to be 270 billion yuan.
No wonder, Yang Huiyan, chairman of Country Garden, wants to smash the pot and sell iron!Note: 1. The picture is as infringing and is deleted. 2. Plagiarism is prohibited. List of high-quality authors