Wang Jianlin Seeks New Profit Growth Points To Make Profits

With Wanda in 2013 Department store The loss is increasing. Recently, there is news that Kang Xiaoyan, who is now assistant president of Wanda Group and vice general manager of Wanda Department store, is leaving. Yesterday, the responsible person of Wanda Group did not deny the news of the departure of Kang Xiao Yan, and told the Beijing Morning Post reporter that "progress will be disclosed".

Despite the many twists and turns of renaming, changing and so on, the Wanda Department store with a continuous loss has yet to shake off the title of "Wanda" of Wanda Group. At Wanda Group's 2013 working summary meeting, Wang Jianlin disclosed the operation of Wanda Department store. It showed that Wanda's revenue reached 15 billion 490 million yuan in 2013, up 39% compared to the same period last year, and only completed 91% of the adjusted plan. In addition, Wanda's net profit increased by 7%, which means that the loss of Wanda Department Store is expanding. This is the first time that Wanda has failed to complete its profit plan in history, and it is also the only company that has failed to fulfill its target.

As the four largest group of Wanda Group plate One, Wanda Department store has been placed high hopes. Wang Jianlin gave a directive in public about Wanda's "ensuring the overall profit in two years". In order to foster Wanda Department store, Wanda Group is inclined to "tilt" on the investment policy.

However, the selection of Wanda Department head Wang Jianlin has been very costly. In May and June last year, Wanda Group made a major adjustment to Wanda's leading department, and the general manager of Wanda Department was vacant for six months. Wang Jianlin said in public that Wanda's poor performance was affected by the electricity supplier, but the main problem was internal management.

In fact, in the real estate industry profits decline gradually, Hengda, Wanda and other large real estate enterprises have gradually shifted their focus to other sectors, trying to find new profit growth point. Wang Jianlin expressed in public that he hoped that the proportion of real estate in 2020 would be reduced to less than 50%. "The real estate industry itself is a stage industry, not a long-term industry. Therefore, I think it is necessary to have a forward-looking and early layout. To do culture, to do tourism, to do retail "