Chapter 200 Wealth Statistics in 1960

Chapter 200 Wealth Statistics in 1960

Chapter 200 Wealth Statistics in 1960
"Ten thousand people industrial park?" Wei Zetao felt emotional after hearing this.

When he joined Changxing Industrial two years ago, he could never have imagined that the small factory of only a few thousand square feet would grow to its current size.

Zheng Zhijie said: "What a good name. It sounds a bit shocking."

Yang Wendong said with a smile: "Then each of you should do your own thing. Remember, this matter must be kept absolutely confidential. Currently, only the four of us know about it. Don't tell the fifth person.

Lao Zheng, when you return, act quickly. The faster you can, the better. The more properties in Kwun Tong you can acquire, the better. The Hong Kong government will not give us so much time for this matter. "

"Okay, I'll start preparing it when I get home today." Zheng Zhijie agreed.

"Well, that's it." Yang Wendong nodded and said.

After Wei Zetao and Zheng Zhijie left, Su Yiyi asked, "I remember that Kwun Tong's economy is not as good as Tsim Sha Tsui's, right?"

"Yes." Yang Wendong smiled and said, "According to my understanding of the Hong Kong government's policies, Tsim Sha Tsui may become the commercial center of Hong Kong on the Kowloon Peninsula in the future.

As for Kwun Tong, it may be positioned as a residential or industrial area.”

"That's good." Su Yiyi nodded and said, "We can take this opportunity to gradually move all the factories there, and cooperate with the Hong Kong government's plan, and also maximize our production efficiency."

Yang Wendong nodded and said, "Yes, according to the current trend, it will be like this. In the future, Kwun Tong will also become our key investment area."

Although we are thinking of hoarding more land in Tsim Sha Tsui, it is currently unlikely to find large tracts of land here to build an industrial park similar to that of the previous life.

Moreover, the development of his own manufacturing industry has far exceeded his original expectations, and the current profits are even far greater than real estate and shipping. Therefore, all current investments must revolve around industrial factories.

As for hoarding land, the factories have been making good money in recent years. By 66, I don’t know how much land or properties they will be able to hoard.

Su Yiyi smiled and said, "Brother Dong, I remember you said that the place where we will invest in the future is the economic center. Maybe Kwun Tong will surpass Tsim Sha Tsui?"

"Haha, this is really possible." Yang Wendong said with a smile.

Based on my current development trend and knowing the future, if I really focus on investing in Kwun Tong in the future, the economy of Kwun Tong will definitely improve qualitatively in the future.

It is hard to say whether it can surpass Tsim Sha Tsui.

However, for things like this, just go with the flow. There is no need to push it forcefully, as that would be unprofitable.

In the real estate business, the most important thing is to adapt to the market. Any business tycoon who thinks of changing the market on his own is doomed to fail.

The next day, Zheng Zhijie started to acquire properties in Kwun Tong. After the news was released, many real estate agencies moved in, which attracted the attention of many real estate companies.

But they also didn't understand why Changxing Real Estate suddenly became interested in Kwun Tong.

On the other hand, Yang Wendong did not reply to Elena immediately. He just needed to give Zheng Zhijie some time.

However, considering that many Chinese who lost their homes still had nowhere to live in Kwun Tong and could only gather in the Hong Kong government’s shelter, Yang Wendong donated another 20 Hong Kong dollars and purchased a large amount of basic living supplies and sent them over.

Most of them were food. Fortunately, Hong Kong was not cold in winter, so there was no need to worry about anyone freezing to death.

On January 1961, 1, Yang Wendong and Su Yiyi came to the Hong Kong China Building.

In the Changxing Real Estate office on the top floor, Su Yiyi was looking at something not far away with a telescope.

Yang Wendong came over and asked, "What are you looking at?"

Su Yiyi smiled and said, "I'm looking at the Geely Building. It's already half built."

"Almost. It will be completed and topped out in May this year." Yang Wendong said with a smile.

"May?" Su Yiyi nodded: "That's about the same time as my due date."

"Yes." Yang Wendong said: "After the baby is born, you can stay at home for a few months and put your work aside;
Although I won’t be able to take a complete break by then, I will spend more time with my children.”

Su Yiyi asked with a smile: "Work is still very important, you also need to strike a proper balance."

"Well, don't worry." Yang Wendong shrugged and said, "Actually, even now, I basically don't care about many small matters. There are already more than a dozen people in the headquarters office who are responsible for reviewing the affairs of various companies."

The most important thing for a large company is the system, and the same is true for Changxing Group. The branch is managed by the branch director and middle and senior management, but they need to report their internal financial, personnel and some important matters to the headquarters every month.

The headquarters office will check to see if there are any problems. If they find any, they will verify them. Or, after a period of time, they will check again even if there are no problems.

In addition, the headquarters office will also send people to stay in several branches. They will not participate in management, but only record various matters. Finally, the headquarters will verify the information of both parties.

In order to prevent the "imperial envoy" from colluding with some people, Yang Wendong will randomly arrange a third-party review agency to audit the branch company and even the headquarters at intervals.

Although this will cost more money, it also allows the boss Yang Wendong to avoid worrying about too many trivial matters, so it is all worth it.

Su Yiyi also said: "Well, the safety supervision department has recently reported three corruption cases. One of them has been basically confirmed, and there is no evidence for the other two. Do you think we should call the police to arrest them?"

"Tell me about it." Yang Wendong asked. "It's like this, the three people are all buyers of Changxing Industry, they..." Su Yiyi had almost memorized the content, and she told the story very clearly.

After listening, Yang Wendong said: "The funds involved are not that much, so let's wait and see until we find the other two pieces of evidence, and then we can act together."

Su Yiyi asked again: "Can we just call the police and let them investigate?"

Yang Wendong shook his head and said, "It's OK for general civil cases, but not for ours. We can't say that we have ironclad evidence, but we must have at least some evidence to report the case. Otherwise, if someone is wrongly accused, it will have a huge negative impact on the company.

We only need to find one piece of evidence, but it is obviously unlikely that such a person only did one thing, and the rest can be left to the police."

The police in the 60s were not particularly righteous, but reporting a case to a large company was still different from reporting it to ordinary citizens, and the Hong Kong police were unlikely to mess around.

In the past two years, Yang Wendong has also met frequently with some foreign high-ranking officials in Hong Kong. Although their relationship is not very good, it can be said that they have a common interest.

"Oh." Su Yiyi nodded and said.

"dong dong dong~~"

At this moment, a voice came from outside the door. Yang Wendong looked at it and said with a smile, "Sister Wang, please come in."

The person who came was Wang Fengzhi, who is now in charge of the headquarters' finances.

"Hello, Mr. Yang, Mrs. Yang." Wang Fengzhi said politely after walking in.

"Please sit down." Yang Wendong brought Su Yiyi to the desk.

"Thank you." After Wang Fengzhi took her seat, she said directly, "Mr. Yang, the financials of Changxing Group last year have been produced."

"Oh, let me take a look." Yang Wendong took the information and read it carefully.

Wang Fengzhi explained, "Mr. Yang, the most profitable company in the entire group is still Changxing Industrial. Last year, its net profit was HK$2500 million, and it has been rising on a monthly basis throughout the year.

At the beginning of the month, the net profit was around HK$150 million, and by December the net profit was as high as HK$12 million.

Because we purchased a lot of new warehouses in the middle of the year, otherwise the net profit for the whole year might have exceeded 3000 million.”

"Yeah." Yang Wendong also saw the financial report summary table of Changxing Industrial and asked, "It's still mainly relying on sticky notes, right? The profit of the trolley suitcases is only 55."

In the past, Post-it Notes were one of 3M's biggest profit sources, even surpassing various high-end industrial tapes with very high technological content.

Now that it is in his own hands, although he has to give concessions to dealers for the sake of market, and there is a lot of piracy, but now that the production capacity has increased, the profits are also rising.

"Yes." Wang Fengzhi said: "Due to limited transportation capacity, we can only focus on the Asian market at present, and the positioning of trolley cases is also considered high-end. The consumption capacity near Asia is obviously not as good as that of Europe and the United States."

Yang Wendong nodded and said, "Next year, when the shipping company has grown in size, we can focus on exporting this kind of goods."

Wang Fengzhi said: "Yes, when the shipping scale is large, not only suitcases, but also sticky notes and hooks can be shipped by our own cargo ships."

"Yeah." Yang Wendong smiled. In fact, sticky notes and sticky hooks are not big, and the price per unit weight is relatively high, so he is not so sensitive to the freight rate.

But having your own boat is definitely more convenient and more cost-effective.

Wang Fengzhi added: "Changxing Industrial also has sticky hooks, rotary mops and mouse traps. The combined profit of these three items is about 30 a month.
The main reason is that the problem of piracy is too serious. There are similar products in many markets around the world. Our patent advantage is that it is difficult to play a big role in the European and American markets. "

"It's a pity. If it were a perfect society, the profits of these three items would be no less than those of sticky notes." Yang Wendong also said with emotion.

There is little piracy of Post-it Notes, one reason being that the distributors are powerful, and the second reason being that the end customers of Post-it Notes are all businesses, which are easily enforced in places like Europe and the United States where patent laws are relatively well-developed. When 3M discovered piracy, it could avoid a lot of trouble by simply sending a letter.

As for trolley cases, because of their large size, most of the terminal sales points are in large shopping malls, and the cost of piracy is relatively high. Although they are not completely unavailable, they are easy to find with the resources of their own channel dealers.

But for small items like sticky hooks and mouse traps, the cost of pursuing piracy may be higher than the benefits, so in the end you can only try to make as much money as possible for yourself.

Wang Fengzhi said with a smile: "There is no perfect society in this world. Even if there is, we need to wait until we are big enough to achieve it."

"That's right." Yang Wendong continued to look at the information and asked, "Has the Hong Kong Chinese Daily started to make a profit?"

Wang Fengzhi said: "Yes, we started to make a profit in the second half of last year. Last month's profit was about 2 yuan. The overall annual profit is 2.5 yuan, which is not a lot."

"Not bad." Yang Wendong nodded. Although he didn't expect the media to make much money, being able to make a profit meant that the company could operate normally.
Otherwise, spending money to expand the size of a newspaper is unhealthy and unsustainable, which is why many large companies do not engage in media.

Wang Fengzhi went on to say: "Hong Kong Commercial Radio is actually also profitable, but it has to spread the initial large investment in equipment, so the annual report is still negative."

"Well, this is not bad either." Yang Wendong smiled. The early investment in the radio station was indeed huge.

Wang Fengzhi added: "For Changxing Real Estate Company, since it is the first year, the project has not been completed yet, and they recently bought new land, so I calculated it based on a single project;
The second phase of the Tixiang Family project has not yet been sold. Based on the current housing prices, the net profit of the entire project will be around HK$130 million.”

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(End of this chapter)