Chapter 386 Annual Profit of Over Million

Chapter 386 Annual Profit of Over Million

Chapter 386 Annual Profit of Over Million
"Okay, beverages and food are the most important in human life." Yang Wendong continued, "When the opportunity is right in the future, I will invest the power of the group headquarters to promote it, but the prerequisite is that you have to be capable yourself. Otherwise, no matter how much advertising you put in, it will be useless if the food itself doesn't taste good."

The right time was naturally to wait until I had more funds, probably around 68. Also, the supermarkets I invested in overseas had gradually grown to a certain scale. Although this market was not large, it was a start. If I successfully entered the first step, the rest would be much easier.

The most important thing is the popularization of containers. Although they are not very useful for beverages, they are a transportation magic tool for other foods.

Zhou Haoran smiled and said, "Okay, I'm already preparing to make potato chips, but the taste still needs to be tested constantly. Also, because the main market is overseas, we still need to go to the European and American markets for testing, so it will take some time."

“For the European and American markets, you can look for Walmart in the U.S. and I have also invested in several supermarkets in Europe. You can just air-ship the products to them and ask them for help. You just need to pay a little extra fee,” Yang Wendong added.

"Okay, it will be much more convenient if we have the cooperation of an insider." Zhou Haoran said with a smile.

It is too costly to arrange people to do things overseas. Round-trip air tickets, visas, accommodation, and information communication are all extremely expensive and time-consuming. With the cooperation of local people, it becomes much simpler.

"Yeah." Yang Wendong smiled, then looked at Qin Zhiye and Zhang Zhiyuan and said, "Old Qin, Old Zhang, now there are only two of you left."

Qin Zhiye smiled and said, "Then I will go first. Changxing Media now mainly has two businesses, one is radio and the other is newspaper. For the radio business, we have already captured about 60% of the market in Hong Kong. Many Chinese in Hong Kong like our radio programs.

As for newspapers, the Hong Kong Chinese Daily has become the largest high-end newspaper in Hong Kong, with an average daily sales of about 1.5 copies; and the Oriental Daily has a daily sales of about 3.5 copies, second only to Galaxy Daily and Ming Pao, but the gap is also very small. "

"Very good." Yang Wendong nodded and said, "But we still have to work hard. Oriental Daily still has to aim to become the number one in Hong Kong."

"Okay." Qin Zhiye agreed and said, "There is another major business this year, that is TVB is about to start broadcasting. It is expected to be in August. According to the data of overseas TV stations, the membership of this business exceeds that of newspapers and radio stations. However, the premise is that Hong Kong has enough TV sets."

"Don't worry about that. Once Honor can realize the production of cathode ray tubes in Hong Kong, the cost of TV sets will be further reduced." Yang Wendong said with a smile: "Then at least, the cost of TV sets can be reduced a lot in Hong Kong."

Higher-level technology must be developed step by step, starting with assembly and then local production of parts, and even later advancing to the front end of the supply chain. This is inevitable for the development and growth of the real industry. Otherwise, the core lifeline will be in the hands of others and costs cannot be controlled.

Wang Zhiqun also said at this time: "Mr. Qin, don't worry. The cathode ray tube production line arrived in Hong Kong in November last year. It has been debugged and the cathode ray tubes have been produced. We just need to do various tests. If there are no problems, it is estimated that they will be gradually put on the market in May or June."

The cathode ray tube is the core of the television and has the highest technical difficulty. Therefore, after local production, it still needs to be handled with extreme caution and only after passing the tests can it be put on the market. Otherwise, if there are quality problems, the brand may be ruined.

"Okay, thank you Mr. Wang." Qin Zhiye also said with a smile.

Yang Wendong added: "TVB has just been established, so there may not be many advertisements. If you need them, you can take advantage of the initial cheapness and run some advertisements. This will be good for everyone."

"Okay, no problem." The people below agreed one after another.

The cooperation among multiple industries within the group not only reduces costs but also provides great convenience, especially for television stations. Once they become popular, the multiple industries within the group will definitely be more powerful in the local market of Hong Kong.

"Thank you all very much." Qin Zhiye said with a bow.

Yang Wendong nodded, then looked at Zhang Zhiyuan and said, "Old Zhang, tell me about your cultural company. Although your company was established a short time ago, it can be regarded as a core industry in the future."

In fact, all the industries that I am entering now will basically be the core of the future, or at least have the potential to do so.

"Yes, Mr. Yang." Zhang Zhiyuan said, "Changxing Culture is now mainly divided into three businesses. The first is the comic business itself, the second is the derivative business brought by comics, and the third is Changxing Film Company."

"Evergreen Film Company is temporarily under Evergreen Culture." Yang Wendong added: "If the film company's performance can break out of Hong Kong in the future, it can become an independent first-tier subsidiary."

Although some businesses are not very compatible, for management reasons, they will be affiliated with other subsidiaries until they become very large.

"Yes," Zhang Zhiyuan continued, "Our Changxing Comics Weekly has now been published in 22 countries in Asia, and the weekly sales have exceeded 15. Last year, the turnover of the comics weekly was 430 million Hong Kong dollars;
The comic book derivative business is very diverse, including stickers, toys, and brand avatar licensing for other companies. Last year, the total revenue was HK$790 million, but the profit from derivative products is very high.”

"For things with copyright, the profit is much higher than that of patents." Yang Wendong said with a smile.

Copyright is easy to protect and is truly unique, so profit margins can be well controlled and may even be higher than those in some high-tech industries.

"Yes." Zhang Zhiyuan continued, "Last year, Changxing Film Company released a total of 6 films, with a total box office of 260 million Hong Kong dollars. Its theaters also undertake business from other film companies. Including advertising, the total turnover last year was 470 million Hong Kong dollars, including our own company's.

In terms of overseas revenue, the total revenue of the six films last year was HK$6 million. We haven’t reached an agreement with some countries yet, so we should still have some revenue this year.”

"Okay, tell Zou Wenhuai to do a good job." Yang Wendong said with satisfaction: "He will definitely get a big red envelope for this year's bonus."

Yang Wendong is not stingy when it comes to people who can create value for him. He will give what is due. Only in this way will people work hard and the entire company will get higher profits.

If the film industry can expand in scale and achieve continuous success, the profits will be staggering.

In his previous life, before the Hong Kong real estate market fully took off, Run Run Shaw was ranked as one of the top ten richest men in Hong Kong, mainly relying on Shaw Brothers films.

Of course, this may also be due to its assets in Southeast Asia, but his own film company will also develop theaters in Southeast Asia in the future, which is also a necessary operation if he wants to hold on to the Asian market. "Then I would like to thank Mr. Yang on behalf of Mr. Zou," Zhang Zhiyuan said with a smile.

Yang Wendong added: "Everyone here will also have their own year-end bonus this year. Sister Wang will give you the check later."

"Thank you, Mr. Yang." Everyone said excitedly.

Yang Wendong glanced at the time and said, "Okay, it's noon now, let's have lunch together, but the business downstairs is too good, it will probably be noisy, so let's eat upstairs.
Maxim's Foods sent us a lot of pastries, pizza, coffee, etc. You can try all kinds of delicious food. If you like anything, you can buy some before the New Year and the company will reimburse you. "

"My daughter loves Maxim's cakes." Wei Zetao said with a smile, "But if she eats too much, she will get fat. I dare not let her eat too much."

"Yes, not to mention the children, I like to eat it, but I don't dare to eat too much."

Yang Wendong smiled and said, "Although pastries are delicious, you really can't eat too much. You still have to control your diet. Nowadays, the number of rich people dying from diseases in Europe and the United States is no less than that of cancer."

Today, when medicine is not yet developed enough, the lethality of metabolic diseases is extremely terrifying.

For example, for diabetes, although we now have insulin, it is extracted from the pancreas of animals. The cost is so high that even the average wealthy person cannot afford it. The purity is also not high, and people will die if they use too much.

Or high blood lipids and cholesterol can easily lead to myocardial infarction or cerebral infarction. In this era, there are no CT or MRI equipment, so they cannot be detected at all. Once the disease occurs, the patient will die very quickly.

Therefore, strictly controlling diet and weight to maintain health is also the most important factor in safety. Many super-rich people actually have very strong self-discipline. In the past, few of those who often appeared on the Internet were fat. On the contrary, poor people eat too much because they have no time and are too tired, which makes them easy to get fat.
In the afternoon, Yang Wendong met with Wang Fengzhi alone in his office.

"Sister Wang, please sit down." Yang Wendong said with a smile. Even the big boss had to give some face to the group's top financial figure.

"Thank you, Mr. Yang." After Wang Fengzhi sat down, she smiled and said, "Mr. Yang, the heads of each subsidiary basically reported the business development status of each company this morning, but for confidentiality, they did not mention the profits.
As for the profits, they also gave them to the headquarters finance department separately. I have sorted them out here, please take a look."

"Okay, let me take a look." Yang Wendong took the folder and looked at it carefully.

Wang Fengzhi continued, “This first page is a list of sales and profits of several subsidiaries of our group. The sales have been announced in the previous meeting, but the profits are top secret;
Each subsidiary only knows its own data, including the headquarters, where only a few people know all the data, and everyone else only knows the data within their own business. "

There is not much point in keeping sales volume confidential, because many insiders know the approximate figure, and even outside journalists and professionals can find out a rough idea. It may not be that accurate, but it is easy to know the order of magnitude.

For example, if a company has sales of 8000 million, the data after outside investigation may be around million, but it is unlikely to be or million, because everyone knows the value of many products.

Therefore, there is no need to keep sales secret for the top management of the sister companies. Instead, announcing the sales figures at the pre-year meeting can boost morale. After knowing the specific circumstances, each subsidiary can also lay a solid foundation for future cooperation.

But profits are different. Non-listed companies usually don’t announce them. Only a few people in the company know about them, or because of lending business, they need to report to the bank.

"It looks good." Yang Wendong smiled and said, "Our total profit has exceeded 100 million Hong Kong dollars."

The group's three major cash cow businesses are Changxing Industry, Changxing Shipping and Changxing Real Estate; the others, although they have great potential in the future, are still not enough at present.

Among them, Changxing Industrial's net profit last year was HK$5512 million, the highest profit within the group. Although Changxing Shipping is extremely heavily in debt, the income from renting out ships is also very high, with a net profit of HK$3809 million. Changxing Real Estate is a little worse, with a net profit of HK$1632 million.

These three things added up to more than 1 million, and the other businesses range from a little over million to several million.

Wang Fengzhi continued, "Yes, the company's development last year was much stronger than the year before."

"I remember Jardine Matheson's annual report. Their net profit in the first few months was 1.48 million, right? I estimate it will be close to 2 million for the whole year." Yang Wendong added, "It seems we still have to work hard."

Wang Fengzhi said: "Mr. Yang, in fact, our profitability has surpassed that of Jardine Matheson."

"Oh, what do you mean?" Yang Wendong asked back.

Wang Fengzhi replied: “Jardine’s net profit calculation method includes the appreciation of many properties, which is taken into account by them, so the profit looks particularly high;
The increase in the value of our Changxing Real Estate properties with millions of square feet was not taken into account. This is also your request. If we use the same algorithm, our profits will only be higher. "

"Oh, so that's how it is." Yang Wendong smiled and said, "It doesn't matter. According to our plan, we will gradually sell non-core properties this year, and Changxing Real Estate's financial data will look very good this year."

Not to mention this era, even in the 21st century, some real estate companies will include the increase in the value of their own properties in their annual reports; Chen Songqing, a big swindler in his previous life, relied on this to desperately increase his stock, and then mortgaged it to the bank to pay back the money and continue to buy stocks, making endless nesting dolls.
The real estate market will stagnate in 65, so the plan is to gradually cash out non-core real estate this year, and then wait for the crisis to break out before buying at the bottom.

Wang Fengzhi said with a smile: "In that case, Changxing Real Estate's revenue will exceed Changxing Industry."

"It's normal. After all, it's the combined income of several years." Yang Wendong smiled and said, "It is estimated that Changxing Shipping's net profit will increase significantly next year, and all our ships will be launched."

I have not included the increase in real estate value into my profits before, but once I cash out, it will naturally be included. Then, the accounts will look very good.

PS: Please give me a monthly ticket
(End of this chapter)