How much does Longhua owe?

Owe 600 million funds. The net assets are 6.9 billion, and the liabilities are 600 million. Many projects in Enshi, Hubei Province are promoted at the same time, and wages are in arrears for 7 months.

The "city-building" mode of Hualong Village Formation in Enshi, Hubei Province is almost a household name.

The insider revealed to the reporter of Changjiang Business Daily that the usual operation mode of Hualong Village Group is to use new projects to obtain bank financing and invest in projects in the form of chickens and eggs, which has also become the main source of funds for operating projects. Since September 22nd, a reporter from Changjiang Business Daily has been in the local area for a week and found that once a new project is signed or started, Hualong Village Group will show a very high attitude to the outside world, often surprising the local people with tens of billions of investments.

This group, with a net asset of 6.89 billion and more than 2,000 managers, is good at dancing on every Big Mac project with the energy of drilling in Enshi for 30 years, which is quite smooth.

However, the Group cannot avoid that the rapid expansion of the project makes it feel the financial pressure. On the morning of September 24th, Longhua Jie, the chairman of Hualong Village Group, revealed in an exclusive interview with Changjiang Business Daily that the group had only paid off seven months' wages owed to its employees the day before the reporter visited.

Longhua Jie believes that the current debt of the Group is only about 600 million yuan, and the asset-liability ratio is only 10%, which is still the lowest in the country. However, it is not optimistic that due to the "enclosure storm" of the Laifeng project, relevant institutions have come to the door or paid close attention to it, and life may not be easy.

According to a survey conducted by Changjiang Business Daily, although Enshi Hualong Village Group has implemented diversified development such as real estate, hotels and old-age care, it is still capital-intensive real estate projects that can really contribute a large proportion of profits, and there is a great demand for cash flow.

Relevant people in local financial circles and real estate circles are not without worries, and they are used to the capital operation mode of borrowing chickens and laying eggs. It will take a long time for the group to get out of the trough of capital shortage. It is the usual practice of Enshi Hualong Village Group to aim at Hunan on a large scale and attract attention with tens of billions of investments.

On July 4th, 20 12, Enshi Hualong Village Group signed a contract with Hefeng County to invest 6.8 billion yuan in a piece of land with a total land area of about 230 hectares, and complete all the construction projects such as design infrastructure, municipal engineering, commercial and residential buildings, hotels, hospitals, and apartments for the elderly in Kangling New District of the county within five years.

On June 2nd of the same year, Hualong Village Group, as an invited enterprise, signed a contract with laifeng county to develop and construct Hualong City Project in Longfeng New District, with a total investment of about 654.38+08 billion yuan, involving hotels, nursing homes, hospitals, apartments for the elderly, various professional markets, CBD business centers, commercial and residential buildings, tourism and entertainment facilities, etc. It took five years to build a commercial distribution center, a leisure resort and even the whole country in Wuling Mountain area, involving land.

2065438+June 6, 2003 65438+1October 65438, Enshi Hualong Village Group and Jianshi County signed an investment of10 billion yuan to build a new urban area. The reporter noted that the development cooperation area of Hongtuping area in the county alone is as much as 400 mu, with a total land area of 3,000 mu and a construction period of 5 years, involving municipal construction and public affairs.