August 18, 2023 According to the capital market news, Dalian Wanda Group is seeking to sell its sports marketing department, Fang Ying Sports Media Company, to Deutsche Bank. Infront Sports Media is the world's leading sports operation company, and has just sponsored the German first-class basketball league. If the news that Wanda Group sells Fang Ying Sports Media is true, it means that Wanda Group is still making money to save itself.
However, it should be pointed out that even after the sale of a large number of assets, Wanda's overall solvency is still worrying: the cash short-term loan ratio within the "three red lines" has not improved significantly, and it was only 0.5 in the first half of this year, down 22.2 1% compared with the same period last year.
Looking at Wanda in the past five years, the debt structure has dropped significantly, and the transformation of light assets has achieved initial results. But overall, the profitability has dropped more, the solvency is still weak, and the new growth point is not obvious.
Wanda Group Company Business:
1, commercial real estate
Wanda Commercial Real Estate Co., Ltd. is a commercial real estate industry in China. In China, 88 wanda plaza companies have opened, with the second largest property area in the world. It is planned to open 65,438+009 wanda plaza by 2065,438+04, with a property area of 22.03 million square meters, becoming the first real estate enterprise in the world.
2. High-end hotels
Wanda Hotel Construction Company is the largest five-star hotel investment enterprise in China, and has opened 55 five-star and super five-star hotels. It is planned to open 89 five-star and super-five-star hotels by 20 15, with a business area of 4 million square meters, becoming the largest five-star hotel owner in the world.
3, large-scale stage performance
Wanda Group and Frank Company, a world-famous American company, jointly set up an performing arts company, and launched five world-class stage performing arts programs in Wuhan, Dalian and Sanya, so as to build a China cultural brand with global influence.
4. Film projection and production
Wanda Cinema is the first cinema in Asia, with 142 five-star cinemas and 1247 screens, including 89 IMAX screens, accounting for 15% of the national box office share. It is planned to open 200 cinemas and 2000 screens by 20 15, making it the top cinema in the world.
Reference to the above content: Baidu Encyclopedia-Dalian Wanda Group Co., Ltd.