In the past month, the Wuwei Baolin Color Printing Factory, a large paper product base in the northwest, reported that the boss’s whereabouts were unknown. It was announced that the packaging project that had been delayed for three years may face complete failure. The painful lesson that the boss blindly invested in real estate and eventually led to the complete decline of the packaging and printing industry has once again told us that cross-border risks, investment must be cautious.
The boss lost contact, the four affiliated companies went to the day without much
On the notice issued by the High Law Announcement Network, Wuwei Baolin and its affiliates received about 30 court summons or rulings, involving hundreds of millions of bank loans, millions of engineering loans, private loans, and pre-sales of commercial housing.
In addition to Baolin Color Printing, Baolin’s brother company Qingdao Dehong Color Printing and Packaging Co., Ltd., Qingdao New Economic Advertising Co., Ltd. and Qingdao Aiduhui Commercial Management Co., Ltd.
According to the information published online, Xiaobian is the company of Hong Kong (Lihong) Development Co., Ltd., which covers printing, packaging, real estate investment and operation management, commercial real estate operations and other fields. Among them, Qingdao Dehong Color Printing has fixed assets of 40 million yuan, Qingdao Aiduhui invested 300 million yuan, and Wuwei Baolin color printing investment of 80 million yuan.
Full of pride, real estate and packaging double arrows
Hong Kong Lihong is a company that relies on the packaging and printing industry. Its Qingdao Dehong Color Printing is among the best in the local packaging industry. It is a supplier to large enterprises such as Yili Dairy, Sanyuan Dairy and Tsingtao Brewery. Before 2012, the profitability of this company has been good.
However, since 2012, Lihong has begun to step into the military industry. The company established Aiduhui Commercial Management Co., Ltd. and invested 300 million yuan to acquire a large-scale commercial real estate project in the core area of ​​Qingdao West Coast. It plans to build Aiduhui into a modern fashion commercial complex in Qingdao.
At the same time, Lihong announced that it will invest 300 million yuan to build an annual output of 200 million square meters of color printing and packaging projects, namely Baolin Color Printing. The project covers an area of ​​100 mu, and the overall plant equipment investment is about 120 million yuan. It purchases Taiwan Xiexu seven-layer tile line, Germany Roland's 6 1 and 5 1 offset presses, and the US Fiwo eight-color flexo press. The project was once known as the northwestern paper packaging base.
Blind investment, eventually leading to capital chain breaks
However, the packaging and printing industry at this time is no longer the industry that used to be profitable in the past. In particular, Dehong Color Printing, a company that produces fast-moving consumer goods packaging, has a very low profit margin. However, Lihong has released two large satellites and invested 600 million in one fell swoop. The prospects seem to be self-evident.
Therefore, the project seems to have encountered a tight capital chain from the beginning. On July 15, 2012, the Baolin color printing packaging project was announced, but the progress has been very slow. By the end of 2013, even the news that Baolin Color Printing Company had defaulted on the construction of 8 million migrant workers with 80 million yuan of firefighting equipment was reported.
People with a little memory should know that the real estate industry before 2012, as long as there are real estate projects, do not need to pay for their own pockets, there are banks to send money to the door. Perhaps, Li Hong boss is playing this wishful thinking. Unfortunately, the good times did not last long. By 2013, the bank suddenly tightened its monetary policy for private enterprises, and it also hit Lihong one by one. Since then, the situation has plummeted.
Since then, Lihong's real estate projects and color printing projects have been caught in the tight capital chain, the weak profits of the packaging companies and the advance payment of real estate projects are not enough to support these two difficult projects. The color printing project, which is known as the Northwestern University, has not been completed for three years, and commercial real estate has not been delivered since its launch. On the contrary, nearly 100 million yuan in housing purchases do not know where to go, but also arrears more than 3 million construction costs and hundreds of millions of Bank of Communications loans.
Looking back at the packaging and printing industry in the past 14-15 years, there are countless events that have caused a total loss due to excessive optimism and great investment. After painstaking thoughts, we discovered that private enterprises are ultimately shallow and shallow, and the policy whirlwind will fall down.
The boss lost contact, the four affiliated companies went to the day without much
On the notice issued by the High Law Announcement Network, Wuwei Baolin and its affiliates received about 30 court summons or rulings, involving hundreds of millions of bank loans, millions of engineering loans, private loans, and pre-sales of commercial housing.
In addition to Baolin Color Printing, Baolin’s brother company Qingdao Dehong Color Printing and Packaging Co., Ltd., Qingdao New Economic Advertising Co., Ltd. and Qingdao Aiduhui Commercial Management Co., Ltd.
According to the information published online, Xiaobian is the company of Hong Kong (Lihong) Development Co., Ltd., which covers printing, packaging, real estate investment and operation management, commercial real estate operations and other fields. Among them, Qingdao Dehong Color Printing has fixed assets of 40 million yuan, Qingdao Aiduhui invested 300 million yuan, and Wuwei Baolin color printing investment of 80 million yuan.
Full of pride, real estate and packaging double arrows
Hong Kong Lihong is a company that relies on the packaging and printing industry. Its Qingdao Dehong Color Printing is among the best in the local packaging industry. It is a supplier to large enterprises such as Yili Dairy, Sanyuan Dairy and Tsingtao Brewery. Before 2012, the profitability of this company has been good.
However, since 2012, Lihong has begun to step into the military industry. The company established Aiduhui Commercial Management Co., Ltd. and invested 300 million yuan to acquire a large-scale commercial real estate project in the core area of ​​Qingdao West Coast. It plans to build Aiduhui into a modern fashion commercial complex in Qingdao.
At the same time, Lihong announced that it will invest 300 million yuan to build an annual output of 200 million square meters of color printing and packaging projects, namely Baolin Color Printing. The project covers an area of ​​100 mu, and the overall plant equipment investment is about 120 million yuan. It purchases Taiwan Xiexu seven-layer tile line, Germany Roland's 6 1 and 5 1 offset presses, and the US Fiwo eight-color flexo press. The project was once known as the northwestern paper packaging base.
Blind investment, eventually leading to capital chain breaks
However, the packaging and printing industry at this time is no longer the industry that used to be profitable in the past. In particular, Dehong Color Printing, a company that produces fast-moving consumer goods packaging, has a very low profit margin. However, Lihong has released two large satellites and invested 600 million in one fell swoop. The prospects seem to be self-evident.
Therefore, the project seems to have encountered a tight capital chain from the beginning. On July 15, 2012, the Baolin color printing packaging project was announced, but the progress has been very slow. By the end of 2013, even the news that Baolin Color Printing Company had defaulted on the construction of 8 million migrant workers with 80 million yuan of firefighting equipment was reported.
People with a little memory should know that the real estate industry before 2012, as long as there are real estate projects, do not need to pay for their own pockets, there are banks to send money to the door. Perhaps, Li Hong boss is playing this wishful thinking. Unfortunately, the good times did not last long. By 2013, the bank suddenly tightened its monetary policy for private enterprises, and it also hit Lihong one by one. Since then, the situation has plummeted.
Since then, Lihong's real estate projects and color printing projects have been caught in the tight capital chain, the weak profits of the packaging companies and the advance payment of real estate projects are not enough to support these two difficult projects. The color printing project, which is known as the Northwestern University, has not been completed for three years, and commercial real estate has not been delivered since its launch. On the contrary, nearly 100 million yuan in housing purchases do not know where to go, but also arrears more than 3 million construction costs and hundreds of millions of Bank of Communications loans.
Looking back at the packaging and printing industry in the past 14-15 years, there are countless events that have caused a total loss due to excessive optimism and great investment. After painstaking thoughts, we discovered that private enterprises are ultimately shallow and shallow, and the policy whirlwind will fall down.
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