Dama will spend 200 million to buy land in Shenzhen

It is not uncommon for large companies to spend huge sums of money to build an industrial base. They spend a lot of money to acquire land, and then expand their business scope, enter new industries, or deepen their existing business. In any case, they expand the company's business scope and ultimately benefit from revenue and profits.

In recent years, the trend of buying land and buildings has also spread to overseas companies ...

Savitech spent 200 million yuan to buy land in Shenzhen

Last week, SDIC released a new announcement regarding the company's purchase of land use rights .

Specifically, at an earlier board meeting, Savi Times reviewed and approved the "Proposal on the Proposed Purchase of Land Use Rights" .

The proposal pointed out that in order to expand the company's business scale, the company or its wholly-owned subsidiary intends to purchase land use rights, with the purchase cost not exceeding RMB 210 million (the final investment amount is subject to the results of the land auction). The funds for the purchase of land use rights will come from the company's or its wholly-owned subsidiary's own funds or self-raised funds .

The land transferor for the intended purchase is the Longgang Management Bureau of Shenzhen Municipal Planning and Natural Resources Bureau . It is a state-owned construction land located in Longcheng Street , Longgang District, Shenzhen City, Guangdong Province .

The total area of ​​industrial land purchased exceeds 19,300 square meters , while the stipulated building area ratio is 143,200 square meters .

LDK said that with the rapid growth of the company and its subsidiaries' business and the continuous expansion of its operating scale, the existing site space can no longer meet the needs of the company and its subsidiaries' operations, so it is necessary to provide necessary land resources for future development .

From a geographical point of view, Longcheng Sub-district is located in the central city of Longgang District and the seat of the Longgang District Party Committee and District Government. It is surrounded by major streets and borders Fenggang Town, Dongguan . It is also the core area for the construction of " Wandong Smart Core " .

In Longcheng Subdistrict, there are 5 national-level specialized and innovative " little giant " enterprises , 14 provincial-level specialized and innovative enterprises , 2 innovation industrial parks , and 47 scientific and technological innovation platforms ; in addition, the International University Park also brings together three universities such as the Chinese University of Hong Kong (Shenzhen), as well as three Nobel Prize scientific laboratories and a number of high-end research institutions such as the Artificial Intelligence and Robotics Research Institute and the Big Data Research Institute.

It can be seen that this is a gathering place for high-end innovative R&D resources. And Savi Times wants to buy this land, perhaps because it values ​​this atmosphere.

In addition to purchasing land, in June, Suntech Power also established a new subsidiary in Zhuhai.

According to Qichacha information, on June 28, Guangdong Hengqin Saiwei Innovation E-commerce Industry Co., Ltd. was established in Hengqin New District, Zhuhai City with a registered capital of 1 million yuan. Its business scope includes Internet data services, artificial intelligence public service platform technical consulting services, marketing planning, supply chain management services, electronic product sales, clothing and apparel wholesale, etc.

Judging from the shareholder information, Savi Times is its 100% shareholder, which means that it is a wholly-owned subsidiary of Savi Times.

Whether it is buying land or setting up subsidiaries, it can show that Savi Times' business development is on the rise.

Although Savi Times has not yet officially won the bid for the land in Longcheng Street, its lavish investment of 200 million yuan proves that it has a deep pocket.

In July, Suntech Power released its financial report for the first half of this year, expecting to achieve revenue of 4.15-4.25 billion yuan, a year-on-year increase of 49.66%-53.26% ; net profit is approximately 228 million yuan to 248 million yuan, an increase of 51.64%-64.94% .

The brand matrix is ​​rich, and the categories are not limited to clothing. Savi has 4 leading brands with cumulative sales of over 1.5 billion yuan, more than 20 backbone brands with cumulative sales of over 100 million yuan, and more than 70 emerging brands with sales of tens of millions.

There are even many brands whose annual sales exceed 1 billion yuan , 500 million yuan , and 100 million yuan . Multiple products from multiple brands are firmly in the top five of Amazon's BS list in specific categories .

From all these, we can see that Suntech, which was listed only last year, has been deeply engaged in cross-border business for many years. With its performance continuously improving, its development needs are getting higher and higher, so it is not surprising that it spends hundreds of millions of yuan to buy land.

Selling a lot of land and buildings to set up camp for going overseas

In fact, in the cross-border overseas market, Savi is not the first big seller to buy land.

In February this year , Huakai Yibai announced that it would invest in the establishment of a Zhongshan project company in Cuiheng New District, Zhongshan City, and purchase land use rights to build Huakai Yibai's South China headquarters. The total investment in the project is planned to be RMB 1.5 billion (which may increase later) .

It is understood that the land purchased by Huakai Yibai was transferred to the Zhongshan Municipal Natural Resources Bureau, covering an area of ​​approximately 56,100 square meters (equivalent to approximately 84.14 acres), and the total construction scale of the project is approximately 220,000 square meters (gross floor area).

In the future, Huakai Yibai's South China headquarters in Zhongshan will include a series of supporting facilities such as design and R&D offices, IT technology centers, core product production and assembly lines, and smart warehousing , to create a large-scale, clustered, innovative, and branded cross-border export e-commerce industry demonstration base.

In March last year , Tianyuan Pet also planned to use bidding and auction to acquire an industrial development land of about 20 acres in Xingqiao Street, Linping District, Hangzhou City with its own funds not exceeding 20 million yuan .

At that time, it was only half a year since Tianyuan Pet went public. As China's sixth A-share listed pet company , Tianyuan Pet's business continued to improve, and its overseas market business continued to grow, contributing more and more to its total revenue.

In February last year , Daotong Technology also invested 210 million yuan in Nanshan District, Shenzhen, to build a 2,000-square-meter product (energy storage technology, charging piles) R&D laboratory and a 3,000-square-meter charging pile production line .

Earlier, in the fourth quarter of 2022, Anker bought a building in Shenzhen to build its southern headquarters and establish its global R&D, design and brand development center .

In December of the same year , Anker and Shenzhen Runxue officially signed the "Shenzhen Real Estate Sales Contract (Pre-sale)" to purchase a related property of the Runzhi R&D Center located at the intersection of Liuxian Avenue and Chuangye 2nd Road, Xin'an Street, Bao'an District. The total building area of ​​the asset is over 51,000 square meters, and the transaction price is 1.542 billion yuan .

But as early as 2021, Anker had passed a resolution to purchase a house, agreeing that Anker and its subsidiaries would use no more than 1.65 billion of their own funds and raised funds to purchase real estate in Shenzhen.

Anker has annual revenue of over 10 billion yuan, so it is only a matter of time before it buys a building to expand its business.

In August of the same year , home furnishing giant Lego was also buying land, even becoming a "landlord" overseas.

In October 2022, Lechuang announced that part of the land used to build overseas warehouses had been delivered. The announcement showed that the land purchased by Lechuang was located in California, USA, with an area of ​​59.88 acres (about 242,300 square meters), and the transaction price was US$17.61 million , equivalent to about RMB 120 million at the exchange rate at that time.

As the former overseas start-ups gradually grow into industry leaders and their performance is booming, it is becoming increasingly normal for them to purchase land and properties to meet higher business development needs.

Big Sell

Buying land