The value of Jin Tanglang's boss, Zhu Xingliang, is still on the rise. When Evergrande collapsed that year, he was cheated out of a full 8.2 billion yuan by Evergrande. It was thought that this would plunge each home improvement company into an abyss, but unexpectedly, Jin Tanglang survived Evergrande and also got through Country Garden and Sunac. Jin Tanglang had deep collaborations with Country Garden and Sunac in earlier years, but these have significantly shrunk in recent years, and current operations are minimal. Currently, Jin Tanglang still has over 5 billion yuan in cash on its books, with almost zero interest-bearing debt. Moreover, the company still employs 50,000 people, with over 10,000 employees in the listed company itself. During its industry peak, Jin Tanglang did not blindly pursue diversification and expansion but maintained low-debt operations. Although heavily impacted by Evergrande, thanks to CEO Zhu Xingliang’s restraint, the company remains very successful. The office building, which cost a huge amount to develop, also began operation this year. $BNB
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The value of Jin Tanglang's boss, Zhu Xingliang, is still on the rise. When Evergrande collapsed that year, he was cheated out of a full 8.2 billion yuan by Evergrande. It was thought that this would plunge each home improvement company into an abyss, but unexpectedly, Jin Tanglang survived Evergrande and also got through Country Garden and Sunac. Jin Tanglang had deep collaborations with Country Garden and Sunac in earlier years, but these have significantly shrunk in recent years, and current operations are minimal. Currently, Jin Tanglang still has over 5 billion yuan in cash on its books, with almost zero interest-bearing debt. Moreover, the company still employs 50,000 people, with over 10,000 employees in the listed company itself. During its industry peak, Jin Tanglang did not blindly pursue diversification and expansion but maintained low-debt operations. Although heavily impacted by Evergrande, thanks to CEO Zhu Xingliang’s restraint, the company remains very successful. The office building, which cost a huge amount to develop, also began operation this year. $BNB