The Younger Reading Notes of Chinese Men

Ningbo Banking and Real Estate Development Ningbo Bank is another legend of Youngor's financial investment. According to public information, Ningbo Bank was established in April 1997. It is a local joint-stock commercial bank and ranks first in the financial competitiveness ranking of China City Commercial Bank.

In 1997, the Ningbo Urban Cooperation Bank (predecessor of the Bank of Ningbo) had a loss of 1.6 billion yuan, which was difficult to manage and burdensome. It is understood that starting from 2000, the Bank of Ningbo has applied for verification every year and has not paid dividends. From 2003 to 2004, it took profits of 3-4 billion yuan each year to write off bad loans. It took more than five years, and since about 2006, the quality of the assets of Ningbo Bank has become very good.

Around 2004, the capital of Ningbo Bank was 420 million yuan, and the capital adequacy ratio was insufficient. In order to open up new businesses, banks began to increase their capital. For this reason, the Ningbo Municipal Government also specially established the "Ningbo Bank Investment and Share Expansion Leading Group." In 2003, no local company was willing to become a new shareholder. In July and August 2004, major companies such as Youngor and Shanshan stepped in. As a result, we have seen the presence of another Chinese men's Dagu Shanshan shares - facts have proven that sometimes fortunes are often derived from their own strength! (Chen Shixin works).

Since then, Ningbo Bank has completed two major events. One is the introduction of international banks as strategic investors, and the other is the promotion of management holdings.

As of June 30 of that year, the total assets of Ningbo Bank reached RMB 66.92 billion. In July 2007, the Bank of Ningbo was successfully listed as the "single-medium board's first financial stock." It achieved unimaginable changes. The 34-year-old mid-level employee of the bank was Lin Jun. He had served as deputy manager of the sales department, chief of the accounting department, and deputy manager of the business department. Since 2002, he has been the head of the audit department. Later, as a staff representative supervisor, he held 350,000 shares at a cost price (“but not more than 400,000”), nearly doubled overnight, and personal wealth reached 7.74 million yuan. “These workers are hard to adapt to a night out. Rich myth." Tencent’s News Center had a remarked title—Ningbo Bank made 140.5% up on the first day of mass-granting for a night.

As the original shareholders, Youngor Group holds 179 million shares of its original shares at a cost price of 1.01 yuan per share.

From 2009 to 2010, Youngor Group increased the stake in Ningbo Bank through high-profile private placements and non-public issuances twice. The subscription price, subscription shares, and subscription amount were: 11.63 yuan/share, 71 million shares, 820 million yuan, and 11.45 yuan respectively. / Shares, 70.50 million shares, 810 million yuan. Judging from the close to RMB 10 per share on June 29, 2012, Youngor’s generous investment of more than RMB 1.6 billion is purely “entertainment”.

As of March 1 this year, Youngor has cumulatively reduced the 29.7 million shares of Ningbo Bank. According to the price of about 10 yuan from Ningbo Bank on the same day, it easily made nearly RMB 300 million. Simply calculated at a price of RMB 10, the original stock of 179 million shares of Ningbo Bank, which Youngor Group had used at a cost of RMB 1, would earn at least RMB 1.6 billion.

"Real estate in the Yangtze River Delta," which is Younger's another shiny business card. According to Youngor’s official information, the group started to engage in real estate business in 1992, accumulatively developed residential buildings, villas, and commercial buildings and other properties of 3 million square meters; in 2010, the company established a real estate holding company and continued to intensively cultivate Shanghai, Hangzhou, Ningbo, and Su. In the economically developed cities in the triangle, sales exceeded the 10 billion mark.

In the early 1990s, the country began to implement the welfare housing allocation policy. Youngor began to cooperate. In 1992, the real estate company Ningbo Youngor Real Estate was established. According to the "Times Weekly" report, "Before and after 1998, Youngor Real Estate began to expand in the real estate industry by virtue of its various advantages in Ningbo, and successively developed Haiyi Garden, Donghai Garden, Donghu Garden, Qianhu Beverly, and the City. A series of large-scale residential projects such as forests,” the report pointed out in particular, “The Seaview Garden developed by Youngor, has long been known as NO.1 for high-grade residential buildings in Ningbo.” In 2010, the price was nearly 50,000 yuan per square meter.

The key factor in the "various advantages in Ningbo" is Younger's years of cooperation with Yinzhou District, Ningbo, where the Group's headquarters is located. As one of the most famous enterprise groups in Ningbo, Youngor Group and Mr. Li Rucheng have undoubtedly maintained good relations with Yinzhou District and Ningbo Municipal Government. A local real estate person once said, “Ningbo has no place in Haishu and Jiangdong, and the supporting facilities in the north cannot go up. The development of real estate depends on Zhangzhou.” In fact, most real estate projects developed by Younger in the early years were mainly concentrated on Yinzhou District. Finally, in Ningbo, where the group's headquarters is located, Youngor established its own other throne - real estate boss.

In 2002, Youngor incorporated real estate business into listed companies and accelerated the development of real estate business. In the same year, Youngor Real Estate started to enter Taizhou, stepped out of Ningbo and implemented the development strategy of the Yangtze River Delta region. In April 2004, Youngor Real Estate appeared in Suzhou, taking a total of 1.413 billion yuan, photographed three plots of Suzhou Hudong 03-05 Hudong, "Suzhou King" action, so that Youngor name the real estate sector in Suzhou. It is understood that the project cost price of nearly 6,000 yuan / square meter, the nearby real estate prices at 5,000 yuan.

Looking up some data, it can be concluded that the Youngor Group's fierce real estate business is not inferior to financial investment.

In 2007, the Youngor Group leader Li Rucheng spoke a joke at the wine table - "Hundreds of billions of places to find a land," heralding the group will set off a storm in the real estate business; at that time someone predicted that the Youngor Group will become the "Yangtze River Delta." "The leading real estate in the region." The facts behind it indicate that what Li Rucheng said is not a joke. The man's prophecy is quite far-sighted. In 2007, Youngor, with relatively stable development in the real estate business, suddenly exerted his power to create a crown of "three cities and land kings" in Hangzhou, Suzhou and Ningbo.

In July 2007, Youngor Real Estate made its debut in Hangzhou with a startling success. After 90 biddings, it succeeded in photographing the Hangzhou Business School site at a price over 2.5 times the starting price, a floor price of nearly 16,000 yuan per square meter, and a total price of 1.476 billion yuan. Defeated Greentown, Vanke and other "professional masters" and won the "Hangzhou King". According to local reports, at the time, the average price of properties near the plot was RMB 15,000 per square meter. The floor price photographed by Younger created the myth that “Flour is more expensive than bread”; after the sale of Younger Land, prices of nearby real estate prices rose overnight. Thousands of people became "the culprit of the irrational rise in housing prices in Hangzhou after July." Younger's clothes were even resisted by some local people. Youngor does not seem to be worried that after a few months, it once again spent a huge sum of 1.28 billion yuan, won the two plots of No. 50 and No. 51 of Zhuantang, Hangzhou, and then it took Hangzhou Westbrook at a total price of 845 million yuan. project. According to statistics, in a few months, Youngor Group dropped 3.6 billion yuan in Hangzhou and won nearly 300 acres of residential land.

In February 2008, the Youngor King returned. In the base area of ​​Ningbo, a total of 980 million won a piece of land on Beijiao Road. The floor price reached a record high of 13,100 yuan, creating a new “king of Ningbo”. One year later, Youngor once again took 6.49 billion yuan to photograph 6 plots in Ningbo and other places. In 2009, Youngor's real estate business realized revenue of approximately 5.2 billion yuan and net profit of nearly 1.2 billion yuan, an increase of approximately 50% over the same period of the previous year. The number of projects under construction reached 15 and the area under construction was approximately 2.2 million square meters. In the 2009 China Top 500 real estate development company rankings released by the China Real Estate Assessment Center, Youngor ranked 56th.

In September 2010, Youngor Real Estate entered Shanghai for the first time, once again becoming famous in the world. With a total price of 3.393 billion yuan and a floor price of 2.6 million yuan per square meter, it successfully captured the Shanghai Changfeng No. 8 East Block. When China Shipping won the "King Wind 7 Billion Land King", it set a floor price of 22,409 yuan per square meter, and Youngor set a new height for Changfeng Residential Land. According to data obtained from relevant data, in 2004 Youngor's real estate business accounted for 38% of the total business, in 2009 this figure reached 42%, and in 2010 it reached 47%. In 2010, if you look at the impact of one of the businesses on Youngor, it is first and foremost a real estate company and then a financial investment company, followed by a textile and clothing company.