Kunpeng Project
The company collects more than 20 billion rents every year, and the story behind China's richest woman has been kidnapped?
Sun Hung Kai Properties, the leader of the industry, reported a 4% year-on-year increase to 124 in its FY2024 annual reportHK$500 million. This means that the daily income is about 68.22 million Hong Kong dollars. Sun Hung Kai Properties has finally made a comeback after a period of downturn.
Rents in mainland China have increased by 18 percent. It can be said that Sun Hung Kai Group's business in China will bring nearly 6 billion yuan in profits next year. From the current point of view, the rent in Huaxia will continue to grow.
One of the reasons for this is that the programs they have developed have become more sophisticated. In addition, Sun Hung Kai has acquired six new properties in recent years, all of which are in the heart of major cities.
In addition, they will receive about $18 billion in rent in Hong Kong. Hong Kong's ** is not as developed as before, but it is still very stable.
Sun Hung Kai is where all the real estate developers in China learn from Sun Hung Kai because they have one of the richest women in China behind them. Kwong Xiaoqing, the largest shareholder of Sun Hung Kai Group, has made it to the 2022 Hurun Rich List with a net worth of more than 70 billion yuan, ranking among the richest women in China. But this is not Kuang Xiaoqing's true ability, she has already divided the equity in her hands to her three children, if it is not separated, now there are more than 200 billion assets on the books alone.
And that's just on paper. Kwong Xiaoqing's family, in the past 20 years alone, Sun Hung Kai Group's dividends alone have reached 150 billion. This is a huge amount of money, which can make Kuang Xiaoqing's family excited. Take a look at this statistic, and you'll understand why some would say that Hong Kong's wealthy are grossly overvalued. Liu Luanxiong once said that the 20th richest people in Hong Kong are all overrated.
Sun Hung Kai Group, founded more than 70 years under the leadership of Kwong Xiaoqing, has become the most powerful real estate company in the world.
At present, the company's market value has exceeded 700 billion, but the debt ratio is less than 20%. This debt ratio is also one of the best in China. I believe that many people have also seen Vanke's news recently. Even Vanke is facing the same problem, while Sun Hung Kai has survived this round of crisis with strong funds and extremely high leverage.
Kwok Tak-sheng, the husband of Sun Hung Kai Group founder Kwong Xiaoqing, is one of them. In fact, Sun Hung Kai's other two founders, one is Lee Shau Kee and the other is Fung King Hei. Kwok was from Zhongshan, Guangdong Province before going to Macau for business.
In his 40s, Kwok and his family came to Hong Kong, where they opened a small supermarket and then slowly developed into a trading company. In the 50s of the last century, Hong Kong's textile industry was booming, and Kwok Tak-sheng became the best businessman of YYK zippers in Japan, earning the greatest wealth in his life.
From the early 50s, Kwok met Lee Shau Kee and Fung King Hei, and the three of them joined hands to set up a real estate company. In Hong Kong, housing supply is insufficient due to population expansion. So, their money, in the near future, will be there.
Then they started buying old houses in Hong Kong and building new ones. More than 60 years ago, Hua Xia Bank had a certain development, and Hua Xia Bank seized the good opportunity of Hong Kong's real estate market. At that time, many people would choose to move abroad and sell their properties. But Guo Desheng and others are still very confident in Hong Kong's real estate.
So they dared to buy cheap houses, and after a few years, the real estate market began to pick up, and they began to make money. In 1968, the Hong Kong Far East market was officially listed, and since then, a large number of Chinese enterprises have been listed. Kwok Tak-sheng and the other three saw the opportunity and listed Sun Hung Kai Company in 1972.
This year, there are many domestic real estate companies, known as the five giants of Chinese-funded real estate, and Guo Desheng's Sun Hung Kai is one of these five giants. After the company went public, Lee Shau Kee received 50 million yuan and then began to work on the development of Henderson real estate. Fung also shifted his focus to the financial industry and founded Sun Hung Kai.
However, Guo Desheng is a person who is developing Sun Hung Kai and intends to take into account the development of commercial real estate while developing real estate. He used the huge income he earned from real estate to continue to invest in commercial real estate, buying land, building houses, and collecting rent. After Guo Desheng died of illness in 1990, his three children took his place and established their own company in Huaxia. They bought several core plots of land in first-tier cities and developed commercial real estate.
For more than 30 years, Sun Hung Kai has also flourished in China. Guo Desheng's eldest son, Guo Bingxiang, was abducted by Zhang Ziqiang in 1997, which changed the fate of their family. In the end, their family spent six billion yuan to release Guo Bingxiang from prison. That's when the three of them parted ways. At the critical juncture, Kwong Xiaoqing stepped forward to stabilize the situation, allowing Sun Hung Kai to usher in the replacement of three generations of heirs. Over the years, no matter how difficult Sun Hung Kai is, it is impossible to change the fate of Sun Hung Kai.