Country Garden's heir, Yang Huiyan, said at a company meeting that she would do her best to support Country Garden, even at the expense of smashing pots and selling iron. So, how much wealth can Yang Huiyan and the Yang family use to support Country Garden?According to the latest data, the total wealth of the Yang family is 48 billion yuan. However, considering the shrinkage of wealth brought about by the stock price**, in fact, the wealth of the Yang family is less than 48 billion yuan. Yang Huiyan owns 145400 million shares, and the company's share price** caused her to lose 20 percent of her wealthHK$3.6 billion. In addition, she and her husband together hold 1218.4 billion shares, the depreciation of this part of the equity reached 30HK$2.2 billion. Therefore, considering the above factors, the Yang family can come up with a maximum of about 30 billion yuan to support Country Garden.
However, it is not easy to actually come up with these funds. The main wealth of the Yang family is the equity of listed companies, and a large number of **shares will lead to a stock price**, and it is not easy to find a suitable buyer even if it is traded below the market price**. Therefore, it is already quite difficult to orient at a 20% discount of the market. In other words, the funds that the Yang family can really come up with to support Country Garden may only be about 30 billion yuan. Is this part of the fund enough to tide over Country Garden?This will be done in the following sections.
Country Garden Group lost 489 percent in the first half of this year300 million yuan, plus 60 percent of the annual loss in 2022500 million yuan, it can be said that in a year and a half, Country Garden has lost a total of 549800 million yuan. However, these losses are not direct outflows, but asset impairment losses due to the highest prices of housing and land. Therefore, there is no need to actually use money to compensate for these losses.
However, Country Garden's financial situation is indeed not optimistic, especially the pressure of short-term debt repayment. According to the 2023 interim report, Country Garden Group's total debt due within one year is 551.1 billion yuan, while the total cash and receivables are 453.2 billion yuan, and the difference between the two is 97.9 billion yuan. This huge gap is not something that the Yang family's existing funds can fill. In other words, even if the Yang family spends all of their money to fill this gap, it will not reach half of what is needed. Therefore, no matter how selfless Yang Huiyan is, she can't use all her wealth to fill the holes in the company. Therefore,"Smash pots and sell iron"It is not the key to determining whether Country Garden can survive the crisis.
Whether it's Country Garden or other real estate companies, such as Evergrande and Vanke, the most critical thing is to restore theirs"Hematopoietic ability", that is, their real estate project can be sold smoothly. It is impossible for an enterprise to survive by continuous blood transfusion, but to rely on itself to continuously create new profits**. Therefore, whether the real estate market can recover is crucial to the future development of companies such as Country Garden, and housing prices have become the most important factor in whether the real estate transaction volume can recover.
Recently, the Suzhou Housing and Urban-Rural Development Bureau said that it is inappropriate not to allow developers to reduce the price of ** properties. If developers are not allowed to reduce prices**, it may lead to a break in the company's capital chain and the risk of the project being unfinished. Suzhou may be the first city in the country to publicly support price cuts by real estate companies, and it remains to be seen whether other cities will follow suit. For companies like Country Garden, this could be the last straw.
Through the investigation and analysis of Country Garden and the wealth of the Yang family, we can draw the following conclusions: at present, Yang Huiyan and the Yang family can come up with a maximum of about 30 billion yuan to support Country Garden. However, these funds are not enough to cover the company's current losses, and the debt repayment pressure is huge in the short term. Therefore, what the Yang family can do"Smash pots and sell iron"It will not solve the problems faced by Country Garden, and more importantly, it will restore the activity of the real estate market. Only the recovery of the real estate market and the increase in transaction volume can help businesses get out of the predicament fundamentally.
Personally, I deeply understand the plight of the real estate industry, especially for a large enterprise like Country Garden, which is facing more pressure. Smashing the pot and selling iron is just a description, which represents full support for the enterprise. But we should not only hope for the financial resources of a certain person or family, but also consider the problem from the perspective of the industrial chain. Only through the activation of the market and the improvement of the industrial chain can the real estate industry return to the track of sound development. I am confident in the future of China's real estate market and believe that with the joint efforts of all parties, we can get out of the predicament and achieve sustainable development.