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Zhang yan the former richest man can turn the tide by sdvs fdfd





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Zhang yan the former richest man can turn the tide by
Article Posted: 08/01/2011
Article Views: 64
Articles Written: 1060
Word Count: 638
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Zhang yan the former richest man can turn the tide


 
Business,Business News,Business Opportunities
2009 Forbes Rich List Zhang Yin Net worth of 18 billion, ranked No. 231, the financial crisis to various manufacturing sectors are suffering from varying degrees of combat, the former richest woman Zhang Yin can turn the tide?



It was reported that 2006 was the most beautiful time of Zhang Yin, the year Nine Dragons Paper Listed in Hong Kong, the market value approaching 40 billion in one fell swoop. Including Ye Zhaoji together, including Hong Kong tycoons to buy three shares 6,000 million U.S. dollars, major broker on the stock to give a high evaluation, and the brightest investors brainer. Owns 72% shares of Nine Dragons Paper Zhang Yin net worth soared to 27 billion yuan, topped Hurun the first.



Who thought that just two years after the former's wealth has shrunk by only 7%.



Zhang Yin was born in a military family, in 1985, carries 30,000 yuan to Hong Kong to start Waste Paper Recycling Business, waste products in Hong Kong and income mix, 6 years to complete the original accumulation of capital. From the collection Paper To build a large Papermaking Kingdom, 24 years, she accumulated a wealth of people envy. Turning to his success, the business-minded women quite like to say that he is "lucky." Now, however, spend a good luck or bad circumstances.



Financial crisis in various manufacturing sectors are suffering from varying degrees of combat, 2008, Nine Dragons Paper has even been accused of sweatshop rumors of financial problems or even rumors about liquidation. Zhang Yin in December 2008 passed a notice to clarify the company did not involve any bankruptcy, liquidation or winding up procedures, internal operating as usual. But the sharp drop in domestic demand has become a reality, Nine Dragons Paper by the greatly reduced price and raw material prices are dampening profits substantially reduced.



Even if investors Nine Dragons has had psychological expected profit decline, but on Feb. 20 released interim report in fiscal 2008 is still the market surprise: the second half of 2008, net profit of Nine Dragons Paper 323 million yuan, down 69.4% year on year earnings per share dropped to 0.07 yuan, compared with the same period in 2007, down 72 percent to 0.25 Hong Kong dollars.



Zhang Yin's net worth has continued to decline because the stock price significantly diminished, in October 2008 Hurun baked standings, Zhang Yan to 18 billion or out of the Top 10; two weeks after the publication of the Forbes rich standings She even only 18 billion yuan, ranked 231. In the Forbes 2007 Rich List wealth to 25.35 billion yuan Zhang Yan, ranked fifth.



Is not optimistic about the earnings figures revealed a "high debt, high-growth" business model is no longer a panacea for Zhang Yin-tested. Nine Dragons Paper stock from 2007 peak of 20 yuan fell 2.38 yuan, up 98% debt ratio, at this time also began to have badmouth brokers, Morgan Stanley to "overweight" from "and the market simultaneously "; JP Morgan to" underweight "rating, Paper for the market outlook is not promising.



1997, the Nine Dragons Paper Zhang Yin was founded just one year, met the Asian financial crisis, the new company almost into a bubble; Nine Dragons Paper, 2005 to a negative net current assets of 2 billion yuan, about faced with the realization of assets and clear the danger when, IPO of 40 million to enable companies saved the day. After ten years of development, Nine Dragons has become Asia's largest Packaging paper Manufacturer, once again met the global financial crisis, the former richest woman can turn the tide?

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