Hua Guoliang opened the drawer with a smile and took out the corporate financial statements of Tingda Real Estate.
"Da Ting, Ting Real Estate is no longer the small real estate company you met last time."
Chen Dating took the book in his hand and flipped through it. The more he read, the more shocked he became. Finally, his eyes fell on the page with the financial overview.
The long data items in the table are like a competition, with each one having more digits than the last.
Chen Dating had no choice but to count by tens, hundreds, thousands and millions.
The company’s assets are 52.5 billion and its liabilities are 63 billion!
Debt-to-asset ratio is 120%!
Oh shit!
Play hard!
"Brother Hua, just looking at this table, Tingda Real Estate is completely insolvent! 63 billion? You're just scaring me to death!"
Chen Dating had heard that real estate companies had a relatively high debt-to-asset ratio, but a debt ratio of 120% was still too outrageous.
Based on his shareholding ratio in Tingda Real Estate, excluding the company's net assets, he alone is responsible for more than 7 billion in liabilities.
Oh my goodness!
I used to think I was brave enough, but compared with Brother Hua, I am nothing!
Both of them are about expanding the scale of the enterprise. If Wu Yong was a hen that loved to lay eggs a while ago, then Hua Guoliang is definitely a fighter among hens.
And it is at the level of F-22 Raptor!
"Da Ting, don't be surprised! I'm just implementing your business philosophy!"
“My business idea?”
Chen Dating was very confused.
"Have you forgotten the long-term goals you gave me last time you came to the company? To get Tingda Real Estate into the top three in the Shijiazhuang market within a year, to go public within two years, and to be among the top ten in the industry nationwide within three years."
Chen Dating slapped his forehead and remembered that he had said a few passionate words at the beginning.
But at that time he had no idea about the scale of the real estate company. If he knew that it was among the top ten in the country, its assets would be at least over 100 billion yuan.
Chen Dating's goals will definitely be much more low-key.
"Our primary goal has already been achieved ahead of schedule. In Shishi City, Tingda Real Estate has become the industry leader."
Hua Guoliang reported to Chen Dating with great pride.
Chen Dating was speechless.
Can you not be the boss? Loans of over 60 billion...
"Brother Hua, I have a question. These bank loans are so huge, the interest on the funds used alone is not a small amount. The real estate industry's capital recovery rate is average. How do you balance your income and expenditure?"
"Then it all depends on you!"
"On me?"
Hua Guoliang has completely transformed Chen Dating into a curious baby today, and the confusion on his face can't be dispelled.
"Yes, at least 40% of the money I borrowed from the bank was deposited with our head office."
"You mean Jiuting Capital?"
"That's right! Anyway, the company's return on capital is so high. If I hadn't already reached the upper limit of my credit line, I would definitely borrow tens of billions more."
“I’ll go!”
Chen Dating couldn't help but give Hua Guoliang two thumbs up.
You are awesome!
In this regard, Hua Guoliang did something that even Chen Dating himself did not dare to do.
"Don't worry, Da Ting. Many of the real estate projects under our company's various branches will be ready for pre-sale soon. Once the funds are recovered, our debt-to-asset ratio will naturally drop.
How's that? In just six months, I've built you a real estate company with 50 billion in assets. Isn't this a decent report card?"
"Pass! Pass is so good it's enough to kill you!"
Chen Dating rolled his eyes at Hua Guoliang.
In the evening, the three of them had a good meal at the Tingda International Hotel under Tingda Real Estate.
"Brother Hua, the early achievements are definitely worthy of recognition, but my suggestion is that we should slow down the pace of expansion a bit, at least to lower the debt-to-asset ratio first.
Let’s set it at 80% first, and don’t increase the loan amount until we reach that target.”
With Hua Guoliang's current expansion speed, if Chen Dating doesn't cool him down, he might come back with hundreds of billions of debts next time.
What if, what if one day my eyes fail me when it comes to stocks and I step on a landmine or something, with this base number, I may go bankrupt.
"Da Ting, you are the boss of our company, you give the order and I will execute it."
On this point, Hua Guoliang did implement it meticulously and very well.
Hua Guoliang was in a good mood tonight and drank quite a bit. Later, he quietly leaned over to Chen Dating's ear.
Shared a piece of personal good news with Chen Dating.
Some time ago, he went abroad and tried a new medicine at a foreign medical institution specializing in men's health treatment.
Although the medicine is very expensive, for Hua Guoliang now, money is not a problem as long as the medicine is effective.
What made Hua Guoliang extremely happy was that this new medicine really worked, although it was not so obvious yet, according to the doctor.
After taking the medicine for two more courses and engaging in short sexual intercourse, there should be no problem.
For Hua Guoliang, this was like being reborn. In the past few years, he had been troubled by this hidden illness, and it was almost like living a life worse than death.
When Chen Dating heard the news, he was sincerely happy for Hua Guoliang.
No matter what, this is my future father-in-law!
Which son-in-law doesn’t want his father-in-law to be happy and healthy?
While congratulating Hua Guoliang, two women appeared in Chen Dating's mind. These two people had a common identity: Hua Guoliang's ex-wives.
One is Bao Yufei and the other is Xia Wan.
The first one is no longer suitable to be mentioned to Brother Hua, and there is no way to bring it up.
But Xia Wan is different. Judging from Chen Dating's contact with her, Xia Wan still has some feelings for Hua Guoliang deep in her heart. The fact that Xia Wan has not remarried for so many years is very telling.
As the saying goes, the deeper the love, the deeper the hatred. If she really didn't have any thoughts about him, there wouldn't be that change in her eyes when she talked about Hua Guoliang.
Before, Hua Guo was not doing well, and Chen Dating had no intention of letting them get back together.
But now, since Brother Hua's health shows signs of recovery, and they have two daughters, Hua Jiaorui and Hua Jiaozhu.
If they can get back together, it would be a good ending.
With Brother Hua's current financial resources, he can just make up for the harm caused to Xia Wan by his mistake back then.
The more Chen Dating thought about it, the more he felt that this matter had potential.
"Brother Hua, do you still remember Xia Wan?"
Chen Dating's voice was not loud, but it sounded like thunder to Hua Guoliang's ears.
It felt like a heavy hammer hit my chest.
His already flushed face suddenly became even darker due to excitement.
Although more than ten years have passed, the name Xia Wan still pops up in my mind from time to time.
How could he not remember?
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