Wanda Commercial Management's revenue last year was 78.7 billion yuan, and it plans to acquire the equity of ten companies for 7.8865438 billion yuan.

In 20 19, Wanda Commercial Management's operating income was 78.656 billion yuan, down 2.618% year-on-year; The gross profit margin was 53.69%, an increase of 3.87 percentage points over the same period of last year. At the same time, there is a related party transaction to acquire the equity of 10 commercial plaza project company, involving a total payment of 78.8 1 100 million yuan.

Viewpoint Real Estate Network News: On April 30th, Dalian Wanda Commercial Management Group Co., Ltd. released the annual report on corporate bonds.

The report shows that in 20 19, Wanda's business management revenue was 78.656 billion yuan, down 26.18% year-on-year; The operating cost was 36.426 billion yuan, down 365.438+0.87% year-on-year; The gross profit margin was 53.69%, an increase of 3.87 percentage points over the same period of last year. Among them, the main business income was 78.279 billion yuan, down 24.34% year-on-year, and the operating cost was 366.5438+0 billion yuan; The gross profit margin was 53.88%, an increase of 2.78 percentage points over the same period last year.

By product or service, the income from investment in property leasing was 3,565.438+0.48 billion yuan, up 65,438+0.6.14% year-on-year, and the gross profit margin was 76.25%, down 3.35 percentage points from the same period of last year. The hotel's operating income was 65.438+0.469 billion yuan, down 0.04% year-on-year, and its gross profit margin was 42.9%, down 6.5 percentage points from the same period last year. Property sales revenue was 382 18 billion yuan, down 44.31%year-on-year; The gross profit margin was 37.0 1%, 8.59 percentage points lower than the same period of last year.

In this regard, Wanda Commercial Management said that the reason why the cost of investing in property leasing increased by 30.68% was that the cost increased with the increase of cooperative projects. The reason for the decrease of property sales revenue by 44.3 1% is the decrease of sales occupation scale, and the reason for the decrease of property sales cost by 4 1.06% is the decrease of sales occupation scale.

At the end of the period, the net cash flow generated by Wanda Commercial Management was 168.0 1 100 million yuan, down 42.66% year-on-year, mainly due to the decrease in the scale of sales of properties and the decrease in cash received from sales of goods and services. The net cash flow from investment activities was negative 5.723 billion yuan, down 79.05% year-on-year, mainly due to the disposal of subsidiaries and the recovery of investment. The net cash flow generated by financing activities was negative 202,654,388+08,000 yuan, down 48.83% year-on-year, mainly because the financing scale in 2065,438+09 was smaller than that in 2065,438+08.

At the end of 20 19, Wanda's total commercial management assets were 5752. 1 1 billion yuan, down 7.87% year-on-year; Total liabilities were 297.903 billion yuan, down 65.438+0.7.15% year-on-year; The net assets were 277.309 billion yuan, a year-on-year increase of 4.74%; The net assets attributable to shareholders of the parent company were 26,465,438 yuan+0.565,438 billion yuan, up 7.46% year-on-year; The asset-liability ratio was 565,438+0.79%, down 65,438+00.08% from the end of last year; The current ratio was 1.26, down 4.15% year-on-year; The quick action ratio was 1.22, up 24.06% year-on-year; The ending balance of cash and cash equivalents was 68.293 billion yuan, a year-on-year decrease of 1 1.72%.

Specifically, in terms of liabilities, Wanda Commercial Management's short-term loan was 665.438 million yuan, down 64.75% year-on-year, mainly due to loan repayment. Accounts payable amounted to 654.38+06.753 billion yuan, down by 565.438+0.765.438+0% year-on-year, mainly due to the completion of sales property projects, payment of project funds and equity disposal of some sales property companies. Accounts received in advance were 7.987 billion yuan, down 82.54% year-on-year, mainly due to the occupation of sales properties and the income carried forward from accounts received in advance for house sales.

At the same time, other payables of Wanda Commercial Management amounted to 65.438+07.757 billion yuan, down 35.65438+0% year-on-year, mainly due to the increase and liquidation of land tax on sales of property projects and the increase or decrease of unpaid land tax according to the liquidation caliber. Non-current liabilities due within one year were 47.288 billion yuan, up 65.438+024.9% year-on-year, mainly due to the increase of bonds payable due within one year. Long-term loans amounted to 88.4965438 billion yuan, up 65.438+0.29% year-on-year. Bonds payable amounted to 43.543 billion yuan, down 44.63% year-on-year, mainly due to reclassification to non-current liabilities due within one year.

Viewpoint Real Estate New Media learned that Wanda Commercial Management said in the announcement that it will continue to increase the number and proportion of light asset projects in the future. It is estimated that 40-50 plazas will be opened every year, of which about 70% of the newly opened wanda plaza is expected to be light assets; Rely on enterprise innovation to promote sustainable development and explore online and offline consumption patterns.

Viewpoint Real Estate New Media further learned that Wanda Commercial Management revealed in the announcement that Wanda Commercial Management currently plans to implement or is implementing two acquisition plans.

First, the equity acquisition between Wanda Commercial Management and Wanda Real Estate Group Co., Ltd. ... Wanda Real Estate Group Co., Ltd. or its subsidiaries acquired 65,438+000% of the shares of the companies that were delisted after Xining Beichuan Project, Wuhan Xinzhou, Jiangmen Taishan, Hangzhou Fuyang, Lanzhou Wanda Mao, Shenyang Shenbei, Chifeng Songshan Wanda, Hengyang Wanda, Jiangmen, Zhaoqing Dinghu, Meizhou Renshou and Guangxi Wuzhou.

By the end of March 2020, the equity transactions of Jiangmen Taishan, Shenyang Shenbei, Meizhou Renshou and Guangxi Wuzhou projects have been completed, and other project transactions are still in progress.

Secondly, Wanda Commercial Management has related transactions to acquire the equity of 65,438+00 Commercial Plaza Project Company, involving a total payment of 78,865,438+0 billion yuan.

Specifically, Wanda Commercial Management intends to acquire 65,438+000% shares of Haikou wanda plaza Investment Co., Ltd., Huzhou Wanda Investment Co., Ltd., Lu 'an wanda plaza Investment Co., Ltd., Foshan Sanshui Wanda Real Estate Co., Ltd. and Sanming wanda plaza Investment Co., Ltd. held by Wanda Wenxin (Shanghai) Investment Partnership (Limited Partnership) and Kuaiqian (Tianjin) Financial Services Co., Ltd.

Through negotiation between both parties, it is determined that the total amount to be paid for the acquisition of the above five companies is 3.994 billion yuan, of which the equity transfer price is 65.438+0.863 billion yuan, and the shareholder loan (including entrusted loan) compensation is 26.5438+0.3/kloc-0.00 billion yuan.

At the same time, Wanda Commercial Management intends to acquire 0/00% equity of Binzhou wanda plaza Investment Co., Ltd., Fuyang Yingquan wanda plaza Investment Co., Ltd., Yantai wanda plaza Investment Co., Ltd., Lianyungang wanda plaza Investment Co., Ltd. and Yingkou Bayuquan wanda plaza Investment Co., Ltd.

Through negotiation between the two parties, it is determined that the total amount to be paid for the acquisition of the five companies is 3.887 billion yuan, of which the equity transfer price is 65.438+0.79 billion yuan, and the shareholder loan (including entrusted loan) compensation is 26.5438+0.08 billion yuan.