Wang Wanda Electric Business Development, alliances full development of electricity business

NetEase Science and technology news July 16, Wanda chairman Wang recently in 2014 Wanda Group semi-annual working meeting to make the latest report full exposure, the report said Wanda will invest in the establishment of Wanda Financial Group, Wanda Electric dealers, and promote the major companies listed.

The report disclosed that Wanda will unite China's largest number of electric dealers set up Wanda Electric, the first investment of 5 billion yuan. Wanda Electric Business is the core work of 3 years or so to find a profit model or direction. Wanda will give all the online resources to the electric Company. This is not a requirement, but a discipline, in the future will not allow the system to engage in separate electricity dealers, resources to concentrate, all online resources are unified to the electric Company.

The following are the relevant parts of the report:

Full development of electricity business

1, all online resources to the electric Company. This is not a requirement, but a discipline, in the future will not allow the system to engage in separate electricity dealers, resources to concentrate, all online resources are unified to the electric Company. Seven or eight years ago, the group issued documents, do not allow the system with the Bank issued joint bank card, now look at the basic control. Why did you do that? I was thinking that when Wanda was strong enough, or if we invested in a bank, we could have the bank and US issue a unified card. I want to make a little request to the electric company, now must ponder innovates a more convenient, quicker, more useful "the card". What is useful, is better than using other cards, this card in the National Wanda Plaza, hotels, resorts consumption, home purchase can be universal, consumption and discounts, points, lottery, value-added services, etc., which in itself is a big business. In a few years, Wanda has nearly 200家万 Plaza, more than 100 hotels, plus 8 to 10 open resorts, billions of passengers a year, these consumers are our customers, can send hundreds of millions of cards, which is a huge resource and advantages.

2, see Wanda Electric Dealer's physical image. As soon as possible to the Wanda electric business to the market, so that we can see Wanda Electrical quotient of the physical image. Now a said Taobao, we all know that is the internet to sell things, a say Tencent know micro-letter, a said Baidu is a search, Wanda electric business to be in a two years or so, let everyone say Wanda Electric Quotient, immediately Lenovo is the real O2O. Wanda E-commerce Model of the physical image to be shown as soon as possible, to answer Wanda Electric business is what.

3, find a profit model. Wanda does everything in the end to pursue profit and not to look good for fame and face. If the electric business is not profitable for 10 years and eight years, then Wanda may not be doing it. Although some people say that losses can also be listed, such as Facebook losses are listed, but that is a special case, Wanda Electric trader must be profitable. We have decided to unite China's largest number of electric dealers to set up Wanda Electric, they have to participate in the initial investment of 5 billion yuan. Now some companies are willing to invest, in addition to the determination of these several enterprises, there are many companies queued up, willing to pay high stakes, but we decided to first Wanda Electric business to do it again.

Wanda Electric Business is the core work of 3 years or so time to find a profit model, even if not profitable, but also let me see the direction of profitability. Wanda this year's offline consumer crowd will break 1.5 billion people, mathematical model calculation, by 2020, Wanda offline consumer crowd will be more than 5 billion people, if each year in Wanda consumption 12 times, is more than 400 million. The 2020 Chinese urban population, by 800 million, means that half of China's urban population is Wanda's consumers. Such a large consumer how to turn into profit, this is Wanda electric business to seriously think.

4, let the electric business development. From me to the president in charge of vice president, we must not use Wanda traditional management thinking of the electricity business, can not use the real estate thinking mode to think about the development of electric business, to give the power of innovation, decision-making, financial autonomy, will soon after the management system set out. But letting go does not mean laissez-faire, but strong oversight. The electric dealer must have the examination target, including the year goal, the half year goal, the group according to the goal appraisal, if one or two times complete the goal, must adjust the idea; I spent so long talking about the electricity quotient, and last year's annual meeting required all senior executives to have internet thinking, electrical business thinking, I can see the Wanda electric business expectations. By 2020, Wanda will form the five business sectors of real estate, cultural tourism, finance, retailing, and electricity merchants. At present, Wanda Real estate is likely to become the world's largest this year, polite point is one of the biggest, next year is undoubtedly the world's largest, cultural tourism can quickly achieve world-class, Wanda Finance can do well, Wanda Retail is not only Wanda department store, in the future not ruled out through mergers and acquisitions. The first 4 plates are basically reliable, now look at the electricity quotient, done, Wanda is 5 Pillar industries.

Incorporation of a financial group

Wanda has long been involved in financial planning, the establishment of a financial group is Wanda to achieve a new transformation requirements, but also to build a new pillar industry and new profit growth.

1, the establishment of financial holding company. It is planned to set up a Wanda Financial group in the three quarter of this year, with financial holding companies responsible for all the holdings, equity and financial investments in the future. Wanda registered to set up a Bai investment company, is declaring the establishment of a registered capital of 30 billion finance companies, Wanda also plans to invest in other financial sectors. At the start of the second half of this year, Wanda will embark on a step-by-step financial operation to invest in several financial sectors. In order to do this, Wanda began to make a plan for the fund last year.

2. Find the right person. The financial industry, like other industries, must find the right people. Wanda do commercial real estate from the transformation of residential property, just started to find someone, people found, things can be done, and later transformation to do cultural tourism, but also first to find someone. Now Wanda is engaged in the financial industry, the most important thing is to find someone, not only found people, but also to find the right person. This is what I always say, "People are everything, people are the cause." Whether to do well the financial industry, the key is not approval, not capital, but talent. As long as there is a suitable talent, sufficient funds, both domestic and foreign opportunities, and even foreign opportunities than domestic. Wanda is in contact with foreign financial institutions, and in 1-2 years, Wanda will have big moves in the overseas financial industry.

Actively promote the company to go public

1, to promote the major companies listed. Wanda now has 2 listed companies overseas, but none of Wanda's major companies, and this year's goal is to push 1 to 2 major companies to go public. Why does Wanda want to go public? Like some analysis article said, the listing for Wanda has 500 billion assets, more than 100 in the construction of Wanda Plaza Enterprises, the cash can not play a major role. Our listing is mainly to consider Wanda's hundred years of inheritance, how to become a transparent company? How to strengthen supervision? The goal of Wanda listing is to let everyone see the transparency of Wanda and what kind of business we are. Next let everybody see Wanda's outstanding, through our financial model, income, cost can see clearly. More importantly, let the capital market see Wanda's growth, Wanda's industry is basically high growth.

2, the establishment of internal organizations. In order to achieve the goal of listing, to ensure consistent action, the group decided to set up a specialized organization within the enterprise, Dingbonsi for the team leader, Wangguiya for the deputy team leader, QI, Zhang Lin, etc. for the team, involved in which departments, which departments will go all out, can not blame, not too troublesome.

The following is the full text of the Wang report:

I carefully read the summary of various departments, do not know whether the vice president of the executive, the president is not serious look, anyway, every time I have carefully read, which figures, examples should be used, first with a red pen, write a summary of the time, to see the use without. To avoid overlapping with year-end summaries, I would mainly talk about the business today.

First half: Wanda assets reached 460 billion revenue 92 billion

First of all, all data as at June 30, 2014, without audit confirmation.

Group assets reached 460 billion yuan, an increase of 21% per cent, income of 92.07 billion yuan, the completion of the year's target of 38%, the first half of the target of 105%, the year-on-year increase of 24%. Wanda Plaza, the hotel opened mainly in the three or four quarter, the first half of the year's income accounted for only about 40% of the annual income, next year, strive to adjust the first half of the annual income of about 45%, to avoid the second half of the pressure too big.

Commercial real estate income of 66.85 billion yuan, the completion of the annual target of 37%, the first half of the target of 103%, an increase of 18%. One of the real estate business income of 56.65 billion yuan, completed the first half of the target of 104%, an increase of 10%, back to 46.45 billion yuan, to complete the annual target of 37%, the first half of the target of 104%, the year-on-year increase of 18%; Holding property growth of 996,000 square meters, the cumulative possession of 17.996 million square meters of property, Wanda holding property growth mainly in the second half.

The first half of the new land reserve floor area of 18.818 million square meters, cumulative land reserve floor area of 91.869 million square meters. The first half of the total new land reserves may be the largest, in 5 June this year, the country's top 20 of the real estate enterprises are rarely bought. The first half of Wanda's successful acquisition of the Madrid landmark, the Spanish building, has been designed to declare engineering approvals and plan to transform it into a super five-star hotel, including top department stores and apartments. The acquisition of the Chicago Core site landmark project, the plan called Wanda Building, the building is nearly 360 meters high, will become the third tallest building in Chicago. The design of the project is very characteristic, and the location is very good, the opposite is the Millennium Park in Chicago. At this point, Wanda in the world famous city already has 3 five-star hotel projects under construction.

Commercial real estate has successfully issued 600 million U.S. dollars of 10-year unsecured bonds overseas. Commercial property last year issued 1 5-year dollar bonds, the market response is very good. This year, the 10-year unsecured bond issue was launched, mainly in order to test the international capital market to Wanda commercial real estate response, the result is very ideal, 10-year bond, plus the issue fee interest rate is only 7.25%, if the commercial real estate guarantees, the bond interest rate will also drop a big chunk, this shows that international capital market is bullish on Wanda commercial real estate. This is the first 10-year overseas bond issued by Chinese private enterprises in the past 10 years.

Commercial Tube Company opened the new 5家万 Plaza, the cumulative opening of 90 stores, the first half of the rental income of 5 billion yuan, an increase of 36%, rent collection rate of 99.9%, continue to maintain a global leading level, the company has seven or eight consecutive years to maintain the rent collection rate of more than 99.9%. Wanda Plaza in the first half of the total passenger flow reached 720 million people, the year is expected to more than 1.5 billion passengers. In the first half of last year, Wanda Plaza total passenger flow is more than 500 million people, the first half of this year's passenger volume increased significantly, once again proved offline and online is not an either or the enemy, the online shopping, also need to live under the experience consumption. These data allow us to have absolute confidence in Wanda Plaza, which is the core and comprehensive Life center of the experience industry.

Hotel Construction Company opened 4 new five-star hotels, add 1330 rooms, 57 hotels, total number of rooms 18083.

Hotel management company revenue of 1.99 billion yuan, the completion of the year's target of 42%, the first half of the target of 104%, an increase of 104%, the completion of the first half of the profit target of 185%. As China's economic slowdown, combined with eight regulations and other reasons, the national five-star hotel revenue and profits in 2013 than 2012 decline, 2014 than 2013, but the hotel management not only revenue growth, and the first half of the profit index was significantly exceeded, this is very commendable.

Other commercial real estate companies are earning 3.2 billion yuan.

Cultural group income of 14.09 billion yuan, the completion of the annual target of 44%, the first half of the target of 108%, an increase of 29%.

AMC income of 8.54 billion yuan, completed the target of the year 49.7%, the first half of the target of 99.3%, an increase of 3%. In this mature market in the United States, the growth of 3% is also remarkable.

Wanda Hospital line income of 2.48 billion yuan, the completion of the year's target of 51%, the first half of the target of 129%, year-on-year growth of 26%, profit indicators also significantly exceeded the completion of the new opening Studios 8, add screen 68, the cumulative opening of the film City 150, screen 1315 block. In particular, Wanda Hospital line all 150 Studios, 100% to complete the income, profits, fees and other indicators, here to give praise, but also called on other systems to learn from the hospital line.

The big singer income 404 million Yuan, completes the year target 34%, the first half goal 103%, the new opening 5 stores, accumulates opens 86 stores.

Film and television company income of 330 million yuan, the completion of the annual target of 94%, the first half of the target of 187%, to achieve the box office 1.21 billion yuan, the film Word-of-mouth is also good.

The travel industry company income 1.71 billion yuan, completes the year target 24%, the first half target 116%.

Other companies in the cultural group earn 600 million yuan.

Wanda Department store income of 11.13 billion yuan, the completion of the year's target of 44%, the first half of the target of 108%, an increase of 62% per cent, net profit target also exceeded completion. This is Wanda department stores for the first time in 3 years to complete the six-year goal, here to give praise. This also proves that, despite the rapid development of online shopping, but offline business as long as the adjustment in place, the same method, can also create good results, "department stores have died" argument is not tenable. I also hope that department stores will redouble their efforts to complete the annual target, as soon as possible to achieve the group's expectations of department stores.

The first half of the new creation of the service sector employment 27,000 people, including 7645 college students.

The first half of the tax 14.83 billion yuan, an increase of 26%.

The first half charitable donation cash 170 million yuan.

The first half of the 38 projects to obtain the national green Design certification, 4 projects to obtain green construction operation certification, the cumulative 152 projects to obtain green design certification, 58 projects to obtain green build run certification. Compared to green building design certification, green build and run certification more difficult, only to obtain green build operation certification can be called the real Green building.

The first half organized 697 volunteer activities, a total of 52715 people attended.

In the first half of the national economic operation generally slowed down, especially Wanda core industry-real estate industry faced with more difficult situation, Wanda Group achieved such a hard-won achievement, is the result of the struggle of all staff. Here, I represent the group, on behalf of the Board of directors, to all of you here, but also to all the colleagues to say thank you!

Second half: Wanda to do these 8 things

I. Resolutely complete the annual target

Wanda Group in the first half of the total completion of the goal, but to see the first half of the target for the year's target is low, the second half of the year to complete the target of more than 60%, the pressure is enormous. Second half of the group's overall goal: assets of more than 500 billion yuan, income of 151.9 billion yuan, of which commercial real estate income of 118.2 billion yuan, cultural group income of 18.8 billion yuan, Wanda department store income of 14.9 billion yuan.

Wanda has maintained a glorious tradition for more than 20 years, no matter how difficult the situation, the whole group has been completed or even exceeded the annual target. Wanda has maintained more than 30% of the income growth for 8 consecutive years, achieving the second half of the goal, Wanda will continue to maintain more than 30% revenue growth for 9 consecutive years. At the end of this year, the group will announce the 2020 medium and long-term strategic planning, the second half of the goal is to provide a first step for the new strategic planning. The group has decided to convene this year's annual meeting in Wuhan, the first time in 27 years since the establishment of the headquarters of the annual meeting outside the city, why Wuhan? Here is a huge investment over 5 years of carefully crafted 2 High-tech cultural projects, has Wanda's first seven-star hotel, the top commercial plaza, the annual meeting can be experienced. Wanda has 3 hotels in Wuhan and the number of people attending the annual meeting can be increased. It is hoped that the systems will complete their respective objectives in a happy mood to meet this year's special annual meeting.

Ii. adapting to organizational adjustment as soon as possible

In order to meet their own development needs, especially in order to adapt to the requirements of the capital market, in the brewing for a long time, June Group of Commercial real estate and cultural groups of the two systems of the organizational structure of a relatively large adjustment. Commercial real estate to increase the central management Center, the formation of south, central and northern Three management center pattern. Wanda Management is flat, Headquarters direct management of local projects, now Wanda in the country has more than 110 project companies, if only two districts, the management range is too large. At the same time, the group to the Document Tourism Project Management Center to commercial real estate, coupled with the ancillary sales, design and other departments of the adjustment, organizational changes are relatively large. Group Requirements:

1, adapt to adjust as soon as possible. Commercial real estate, cultural groups to do a good job of docking, to deal with the Business Planning Institute, Wen Travel Planning Institute and other departments facing the same project when the intersection, handover matters. Cultural groups to the cultural projects of some special issues to be responsible for the end, such as the completion of two cultural projects in Wuhan, opening, the Oriental Shadow all preferential policy implementation, and the government docking negotiations can not substitute. Which work matters transfer, which does not transfer, divide the boundary clearly, who is responsible must be able to find the responsible person.

2. Training new System. Wanda tradition is a two-year, every couple of years to amend the system, this year we spent six months, the revision of the 2014 version of the system, the new system is quite characteristic: first, the text significantly reduced, 2012 system from 2010 version of the system 2 million words reduced to 1 million words, The 2014 version of the system has been reduced from 1 million words to 500,000 words. The second is tabular, the whole system table. Third, information, 2014 version of the system of information rate of more than 88%, the vast majority of the system can operate online. Hope that the 2016 version of the system, and then the information rate to improve a few percentage points, so that all systems online operation. After the revision of the system, a lot of content is new, which requires training, only the training is good, understand, can be implemented.

3. All goals unchanged. Regardless of commercial real estate, cultural groups how to adjust, the beginning of the year given the development goals unchanged, do not make any adjustments.

Iii. Incorporation of financial groups

Wanda has long been involved in financial planning, the establishment of a financial group is Wanda to achieve a new transformation requirements, but also to build a new pillar industry and new profit growth.

1, the establishment of financial holding company. It is planned to set up a Wanda Financial group in the three quarter of this year, with financial holding companies responsible for all the holdings, equity and financial investments in the future. Wanda registered to set up a Bai investment company, is declaring the establishment of a registered capital of 30 billion finance companies, Wanda also plans to invest in other financial sectors. At the start of the second half of this year, Wanda will embark on a step-by-step financial operation to invest in several financial sectors. In order to do this, Wanda began to make a plan for the fund last year.

2. Find the right person. The financial industry, like other industries, must find the right people. Wanda do commercial real estate from the transformation of residential property, just started to find someone, people found, things can be done, and later transformation to do cultural tourism, but also first to find someone. Now Wanda is engaged in the financial industry, the most important thing is to find someone, not only found people, but also to find the right person. This is what I always say, "People are everything, people are the cause." Whether to do well the financial industry, the key is not approval, not capital, but talent. As long as there is a suitable talent, sufficient funds, both domestic and foreign opportunities, and even foreign opportunities than domestic. Wanda is in contact with foreign financial institutions, and in 1-2 years, Wanda will have big moves in the overseas financial industry.

Iv. increasing the pace of international development

1, Chinese enterprises have entered the era of internationalization. Now Chinese companies, like the American companies of the 50 's and Japanese companies in the 70, have entered the international phase, and who know earlier and act faster, who can become multinational companies earlier. In the last three years, every annual meeting, I have said that Wanda must speed up the pace of international development, this is not internationalization, but Wanda has to take this step. The newly released Fortune 500, from the total number of China has 100, the United States has more than 120, possibly in five years, China's world of 500 strong enterprises will surpass the United States. But do not think that China's multinational enterprises more than the United States, a careful analysis of China's top 500 enterprises in the world, the vast majority of the formation of resource monopolies, and by market competition, with a considerable technical content, with intellectual property rights of the large multinational companies in Europe and America, compared to big differences. China to be truly strong, have the right to speak in the world, need hundreds of real multinational color, transnational organization characteristics of enterprises, I hope Wanda became China's first batch of real multinational enterprises, so the internationalization firmly as Wanda's development goals.

2, the second half of the goal: one is to increase the cross-border cultural industry investment, to ensure completion of 1, and strive to complete 2 foreign large-scale cultural enterprises mergers and acquisitions, the specific project Investment department has been in negotiations. Second, the completion of 2 foreign major cities five-star hotel project investment. At the beginning of 2013 Wanda announced that by 2020, Wanda will be the world's 8 to 10 major cities to build Wanda brand of five-star hotels, to build China's National brand International Management Group. Now look at the situation is very good, the second half of this year to complete 2, Wanda in foreign 5 major cities have five-star hotel. The original set of objectives to be revised, by 2020 to complete 15 or so. At that time, it is not simply said that Chinese people go abroad to have their own hotel live, have Chinese food to eat, language communication convenience, but also to break the European and American enterprises on high-end hotel monopoly. China can build satellites, bombs, but there is no Chinese brand in the five-star hotel management industry, which is not normal. With what the European and American five-star hotel brand can come to China development, China five-star hotel brand can not go abroad development? And from the first half of the operation, Wanda's own management of the hotel are completed or exceeded the operating targets, instead of more than 30 commissioned internationally renowned management company management of Wanda Hotel in a considerable part of the business indicators did not complete. From the management effect, Wanda is fully capable of reaching the world-class hotel management group in a short period of time. Of course, to really form a brand, may still need to boil time.

Wanda invests in five-star hotels abroad, generally will not adopt the acquisition of ready-made hotels for modification, or a separate hotel model, unless in a very special city, in order to strategic layout needs. Wanda Overseas Hotel Investment model is the hotel with apartments, sell apartments, earn back or basically earn back a five-star hotel, can be less zhanya funds, so the financial statements will look good, alone to do the hotel, investment returns extremely low, Wanda does not do such a thing.

3. To carry out financial investment. Wanda Overseas development not only mergers and acquisitions of cultural tourism enterprises, investment in five-star hotels, but also to engage in financial investment, the future establishment of investment companies, to be in this area efforts.

V. Actively promote the listing of companies

1, to promote the major companies listed. Wanda now has 2 listed companies overseas, but none of Wanda's major companies, and this year's goal is to push 1 to 2 major companies to go public. Why does Wanda want to go public? Like some analysis article said, the listing for Wanda has 500 billion assets, more than 100 in the construction of Wanda Plaza Enterprises, the cash can not play a major role. Our listing is mainly to consider Wanda's hundred years of inheritance, how to become a transparent company? How to strengthen supervision? The goal of Wanda listing is to let everyone see the transparency of Wanda and what kind of business we are. Next let everybody see Wanda's outstanding, through our financial model, income, cost can see clearly. More importantly, let the capital market see Wanda's growth, Wanda's industry is basically high growth.

2, the establishment of internal organizations. In order to achieve the goal of listing, to ensure consistent action, the group decided to set up a specialized organization within the enterprise, Dingbonsi for the team leader, Wangguiya for the deputy team leader, QI, Zhang Lin, etc. for the team, involved in which departments, which departments will go all out, can not blame, not too troublesome.

Six, fully develop the electric business Company

1, all online resources to the electric Company. This is not a requirement, but a discipline, in the future will not allow the system to engage in separate electricity dealers, resources to concentrate, all online resources are unified to the electric Company. Seven or eight years ago, the group issued documents, do not allow the system with the Bank issued joint bank card, now look at the basic control. Why did you do that? I was thinking that when Wanda was strong enough, or if we invested in a bank, we could have the bank and US issue a unified card. I want to make a little request to the electric company, now must ponder innovates a more convenient, quicker, more useful "the card". What is useful, is better than using other cards, this card in the National Wanda Plaza, hotels, resorts consumption, home purchase can be universal, consumption and discounts, points, lottery, value-added services, etc., which in itself is a big business. In a few years, Wanda has nearly 200家万 Plaza, more than 100 hotels, plus 8 to 10 open resorts, billions of passengers a year, these consumers are our customers, can send hundreds of millions of cards, which is a huge resource and advantages.

2, see Wanda Electric Dealer's physical image. As soon as possible to the Wanda electric business to the market, so that we can see Wanda Electrical quotient of the physical image. Now a said Taobao, we all know that is the internet to sell things, a say Tencent know micro-letter, a said Baidu is a search, Wanda electric business to be in a two years or so, let everyone say Wanda Electric Quotient, immediately Lenovo is the real O2O. Wanda E-commerce Model of the physical image to be shown as soon as possible, to answer Wanda Electric business is what.

3, find a profit model. Wanda does everything in the end to pursue profit and not to look good for fame and face. If the electric business is not profitable for 10 years and eight years, then Wanda may not be doing it. Although some people say that losses can also be listed, such as Facebook losses are listed, but that is a special case, Wanda Electric trader must be profitable. We have decided to unite China's largest number of electric dealers to set up Wanda Electric, they have to participate in the initial investment of 5 billion yuan. Now some companies are willing to invest, in addition to the determination of these several enterprises, there are many companies queued up, willing to pay high stakes, but we decided to first Wanda Electric business to do it again.

Wanda Electric Business is the core work of 3 years or so time to find a profit model, even if not profitable, but also let me see the direction of profitability. Wanda this year's offline consumer crowd will break 1.5 billion people, mathematical model calculation, by 2020, Wanda offline consumer crowd will be more than 5 billion people, if each year in Wanda consumption 12 times, is more than 400 million. The 2020 Chinese urban population, by 800 million, means that half of China's urban population is Wanda's consumers. Such a large consumer how to turn into profit, this is Wanda electric business to seriously think.

4, let the electric business development. From me to the president in charge of vice president, we must not use Wanda traditional management thinking of the electricity business, can not use the real estate thinking mode to think about the development of electric business, to give the power of innovation, decision-making, financial autonomy, will soon after the management system set out. But letting go does not mean laissez-faire, but strong oversight. The electric dealer must have the examination target, including the year goal, the half year goal, the group according to the goal appraisal, if one or two times complete the goal, must adjust the idea; I spent so long talking about the electricity quotient, and last year's annual meeting required all senior executives to have internet thinking, electrical business thinking, I can see the Wanda electric business expectations. By 2020, Wanda will form the five business sectors of real estate, cultural tourism, finance, retailing, and electricity merchants. At present, Wanda Real estate is likely to become the world's largest this year, polite point is one of the biggest, next year is undoubtedly the world's largest, cultural tourism can quickly achieve world-class, Wanda Finance can do well, Wanda Retail is not only Wanda department store, in the future not ruled out through mergers and acquisitions. The first 4 plates are basically reliable, now look at the electricity quotient, done, Wanda is 5 Pillar industries.

Vii. successful opening of cultural projects

This December, the film Science and Technology Park and a will be opened in Wuhan. I have been invited by the Shanghai Municipal party committee, for the Shanghai "Cultural development Series speech" to do the first lecture, about Wanda Cultural industry has several main characteristics, one of the largest characteristics of High-tech content, Wanda is the road of High-tech cultural industry, Wuhan's two projects represent the development direction of Wanda cultural industry. Although we have a lot of investment and a lot of publicity, some people who study the Chinese cultural industry do not know or understand Wanda. I have seen a so-called experts to write articles, said Wanda cultural industry has no content, because did not see Wanda made several films, also did not play several stage plays. This expert is the brick "brick home", he thought that the cultural industry is to film, play the stage, that is the traditional thinking, now do the cultural industry needs innovative thinking. A, film entertainment technology is a highly unified content and form of science and technology culture industry, Wanda only take the High-tech cultural industry road, with unique, unique cultural industry, enterprises have pricing power, can obtain a better profit. Do the cultural industry according to the traditional way, make a few movies, do a few stage plays, income can go up?

1, to ensure that the project and rehearsal progress. The first is the project, the Culture Group is responsible for grasping each node tightly, when to hand in, when to enter the rehearsal, when the synthesis, when the opening, each node to ensure that with rewards and punishments linked. A few weeks ago, I made a very serious instruction, said very clearly, complete rewarded, finish not ruthless punishment.

2, completes the opening activity plan. The opening of two cultural projects in Wuhan shall be organized according to the specifications of the major project opening ceremonies of the Changbai Mountain International Resort. There will be foreign dignitaries, we also plan to invite dozens of ambassadors, a group of well-known experts in the field of culture, the Chinese entrepreneur Club also decided to put together the annual meeting and our opening ceremony, will go to 二、三十位 China's top entrepreneurs. At the end of July, the cultural group to the activities of the program to come up with the opening of the Changbai Mountain, Qingdao Oriental Shadow all start the ceremony, the high standard of good organization to open.

Viii. taking the lead in social responsibility

To assume social responsibility is what I have to say, although like Chice, but the number is changing every year, so must be repeated.

1, the whole year to create 120,000 jobs in the service sector, including 35,000 university students, the second half to create 90,000 new service employment, including 25,000 university students.

2, the second half of the tax more than 15 billion yuan, the annual tax more than 30 billion.

3, donated more than 200 million yuan in the second half of the year, donated 400 million yuan.

4, all the opening projects to get green design certification, the second half of the 10 projects to obtain green build run certification.

5, the second half of volunteer work more than 50,000 people, the year over 100,000 people.

In the first half of the year we pay a lot of hard work to get good results, hope to continue efforts in the second half of the year, each system can happily attend the annual meeting. Also wish all Wanda employees, the second half of the work smoothly, the end of the year to take more red envelopes, spiritual and material double harvest. Six months will be the city of Harbin Municipal government in various areas of strong support, to take this opportunity to Harbin municipal government to express appreciation. Thank you to the organizers of the conference, especially the Grand Hyatt Hotel and the Sofitel Wanda Hotel, for your very successful organization. Thank you!