Everything is "retrograde", market value may exceed 54.9 billion Hong Kong dollars, and Yu Liang is not worried about "breaking"?

When choosing the industry at the lowest point of the industry, Yu Liang seemed to cheer his "see more".

Vanke's everything is on the market.

On September 19th, everything will issue a global offering announcement. It is expected that the issuance price will be available in the Main Board of the Hong Kong Stock Exchange on September 29. It is reported that the scale of this issuance is expected to be between 800 million US dollars and $ 900 million. If everything is listed smoothly, then the IPO of all things will become the largest IPO of Hong Kong stocks during the year.

According to this issue price, after the listing of all things, the market value will be between about 54.972 billion Hong Kong dollars to HK $ 61.508 billion. If it does not break, everything will replace Country Garden services as the boss of the inner property sector.

In 2015, Yu Liang said in an interview that "Vanke will achieve a trillion -dollar market value in the next 10 years. Among them, only 50%of the houses, and the other 50%comes from new businesses."

Facing the long -term rental business, property business, logistics business, and the "track+property" that had not been mentioned for a long time, Yu Liang was full of ambition. But what made Vanke and Yu Liang unexpected was the "Wanbao battle" that came at any time. A case of a capital market phenomenon caused by equity broke the plan of Liang Liang, and also dragged the pace of Vanke's attack on the third and fourth -tier property market.

In the time when Vanke was absent, Country Garden, then Evergrande dumped Vanke behind. After 2018, the trillion -dollar market value of Yu Liang's mouth has never been mentioned, and it is replaced by "survive." In the eyes of many people at the time, Yu Liang's statement was a bit alarmist.

In a era of scale, it is not easy to make a "alternative". In 2019, in the final glory of the real estate industry, Yu Liang said calmly in the face of the camera: "For a moment, I felt that it was ten years ago. At that time, Vanke was the boss of the industry. I want to surpass it, but I am a little scared. I am afraid that I have won the 'Vanke Mantra' like Shun Chi. Later, some companies surpassed Vanke one after another, first, Evergrande, and Country Garden, but Vanke had no longer the boss long ago. Interested. "

Later, the real estate industry really used the division of 2020 to separate many companies, but Vanke has missed the expansion of third- and fourth -tier cities. Nian Vanke's performance is cut. At the performance briefing of Vanke in 2021, Yu Liang attributed the reasons for the decline in net profit, and had a high degree of discreteness and a high cost of multi -track exploration.

He also said that the difficulty and costs faced by multiple tracks at the same time exceeded the initial estimates and also had an impact on past performance.

However, in 2021, Vanke started the listing of everything. Faced with the IPO in adversity, Zhu Baoquan, CEO of Benn Cloud, believes that "Vanke's dismantling to split all things to the market, mainly because this son is already an adult, and needs to be introduced to domestic and foreign institutional investors to further improve the comprehensive strength and laid the layout to laid the layout The leadership of the industry attracts and retains talents. "

According to the prospectus of Wanxun Yun, from 2019 to 2021, the revenue of 10,000 Yunyun was 13.927 billion yuan, 18.145 billion yuan, and 23.705 billion yuan, with a compound annual growth rate of 30.46%. , 1.519 billion yuan and 1.714 billion yuan, a compound annual growth rate of 28.37%.

In the first half of this year, the revenue of everything was 14.35 billion yuan, an increase of 38.2%year -on -year.

Regarding the listing of adversity, Yu Liang believes that the split of all things is not to sell pigs, but hopes to obtain greater development space through listing. He does not want to have unrealistic expectations for employees because of the excessive valuation of all things. He believes that reasonable valuation is conducive to employees' growth in all aspects.

To this day, Country Garden's submission of the first half of this year is obviously better. In the first half of the year, the revenue of 200.55 billion yuan and a net profit of 2.576 billion yuan, and the market value was only 47.2 billion Hong Kong dollars. 54.972 billion Hong Kong dollars are obviously too high.

Therefore, I think that the selection of all things to the market is not absolutely safe, and there is also the risk of breaking.

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