Traditional Culture Encyclopedia - Hotel franchise - Wang Jianlin's property shrank by 68.2 billion yuan. What is the process of asset shrinkage?

Wang Jianlin's property shrank by 68.2 billion yuan. What is the process of asset shrinkage?

Assets = liabilities+owners' equity

Wang Jianlin's assets shrank by 68.2 billion yuan. The general process is as follows:

First, take the initiative to reduce debt. Wanda emptied its overseas assets by transferring hotels and cultural tourism city projects. In just over a year, Wanda's debt has decreased by nearly 220 billion, and its debt ratio has also dropped below 60%.

Second, the stock fell. The decline of many shares of Wanda Group is also an important reason for the shrinking of Wanda's assets.

The third is the operating loss.