Chapter 601 That's So Comfortable
Penguin Group's share price soared, and the Bank of China (Hong Kong) approved an unsecured loan of HK$20 billion. In addition, there was a lot of income from other projects. Fan Wumian finally had the capital to be willful.
For example, Sanyao Heavy Industry.
Last year, Sanyao Heavy Industry's net profit reached 5.8 million yuan, a year-on-year increase of more than 160%. Both total revenue and gross profit margin increased by more than 80%, and the stock price increased by more than 400% throughout the year.
Fan Wumian's investment has helped the company to a certain extent. The initial investment of 3 million Hong Kong dollars has now turned into a paper profit of more than 10 billion yuan.
Considering that the mainland's real estate market and infrastructure are just starting out and the demand for heavy industrial products is relatively strong, he has no intention of reducing his holdings to cash out for the time being and wants to wait a few months before cashing out in batches.
There is also Tudou.
This Internet startup has raised a large sum of financing from various TV stations, and its revenue figures are not bad. In the short term, it does not need Fan Wumian to continue to provide financial support, and the cash on its books is enough to support it for about a year.
It is worth mentioning that due to the limitation of network transmission speed, the online playback technology is not mature enough in the short term, the user experience is hard to describe, and the lag phenomenon is very obvious.
This prompted Fan Wumian to come up with the idea of incubating a video playback software similar to "Qvod" through Tudou.com. As a supporting facility of Tudou.com, it was put into use in November last year. Users need to recharge and pay to enjoy the membership high-speed download service.
It has the function of fast video downloading and playback, and supports multiple mainstream audio and video formats. Since its launch, it has provided good user experience, quickly accumulated a large number of users, and is seizing Xunlei's market share.
The close connection between the two has not only pushed up the proportion of active users who recharge and pay on Tudou, but also enabled them to make money through the independent product "Tudou Kuaibo", further alleviating Tudou's financial pressure.
Although the company is still in a loss-making state and there is no hope of turning losses into profits in the short term, if the Tudou project itself makes more money, the money invested by Fan Wumian and other original shareholders will be reduced accordingly. Overall, the development situation is very good.
There are also projects such as Valentino, Feili, and Bandit King Fund, which have recently started to bring in some returns.
Needless to say, fund projects require low investment and offer high returns. As long as investors are willing to pay and the funds under management can reach a certain scale, even many poor fund managers can start their own business and open their own fund companies.
For super-rich people like Fan Wumian, there is no pressure at all. It is much easier than incubating an Internet company and the risks are also smaller.
As for Valentino and Feili, one targets high-net-worth customers and the other targets the middle and high-income groups in society. Relying on the strong sales ability of Fan Wumian and his artists, they have performed quite well in Asia at least and have been expanding continuously recently. Excluding miscellaneous expenses, the net profit of the products themselves is quite high.
The current situation is that Fan Wumian has bought out the operating rights of the Feili brand in the entire Greater China region, and has redesigned the styles, reorganized the production and sales channels. His popularity has surpassed that of the Feili headquarters and Feili South Korea, and he has bypassed them to operate independently.
Seeing the good performance, the family office even suggested to Fan Wumian that he should take back the parent company of Feili acquired by the United States and the independent franchise company in South Korea, and then rely on the powerful production line in the mainland to bring this brand to all parts of the world and compete with giants such as Nike, Adidas, and Biaoma.
Fan Wumian also thought about this, but when he learned that it would cost about US$5 million in total, which was much more expensive than acquiring Valentino, he had to give up for the time being.
If Penguin Group's stock price rises again this year, or if its fund business is a huge success, it might be something to consider.
Even though it only sells shoes, clothes, etc., the profits are actually very huge because the market demand is really huge.
He clearly remembered that during the trade war, some media mentioned that these foreign sports brands had annual revenues in China of over 100 billion yuan, but they still dared to cooperate with the Americans in boycotting cotton products from the Northwest. They did not respect the feelings of consumers at all and actually regarded themselves as "God."
According to an estimate of RMB 1000 billion, even if it only takes 30% of the market share and maintains a net profit margin of around 25%, it can bring Fan Wumian RMB 75 billion in pre-tax profit every year.
This business is obviously quite good, and it can also monetize the fame of Fan Wumian and his artists.
This is just the brand itself. In fact, after it develops to a certain scale, it can also rely on the huge cash flow to expand further, acquire brands such as Red Star Erke and Amine, and deeply incubate several second-tier brands.
According to these development strategies, the market prospects are quite good, and it is very likely that the ideas will become reality. After all, Fan Wumian is not only famous throughout Asia, but also controls Internet companies including Penguin Group and Tudou.com. His advertising costs and investment efforts are far superior to other competitors.
After the video call with Zuo Ziyan, Fan Wumian was still thinking about what kind of sculptures he liked to decorate his home.
In addition to the penguin and the panda holding an axe, he also wanted to ask pop artist Jeff Koons to create a perfect goddess sculpture for him, just like the action figures that young people in later generations like.
After thinking about it, Fan Wumian was speechless when he found that Angewomon in Digimon was particularly sexy.
He realized that this idea might have come from his subconscious mind, because he had seen a short video of a beautiful woman cosplaying as "Angewomon".
This cartoon character has its eyes covered and has wings, giving it a sexy, mysterious and noble feel.
If more mechanical elements were added and it was made in bright silver, with more perfect body proportions, it would be really pleasing to the eye when placed at home and would give him a strong visual impact.
This is just for fun, there is no need to take it too seriously. In terms of practicality, private jets are more reliable.
That night.
After comparing the information sent by the British businessman, Fan Wumian found that he still wanted to buy the Falcon 7X launched by Dassault. The fact that it was "safer" alone accurately met his needs.
So after deciding in advance on the style he wanted to buy, he sent an email to President Wei of Bank of China Hong Kong overnight, asking him to help contact Dassault to inquire about the price.
The reason why he asked President Wei for help was mainly because Fan Wumian felt that with the size of Bank of China and its acquisition of Singapore's largest private jet leasing company, it had the opportunity to obtain the most favorable terms from France's Dassault Aviation.
From loans to subsequent affiliation, maintenance, etc., they can also be handed over to subsidiaries of the Bank of China, making it easier to coordinate domestic route arrangements.
After finishing all these, Fan Wumian felt sleepy, took a shower and went to bed.
the next day.
The new iPhone 2G released by Apple has attracted widespread attention in the global technology and investment circles.
The first generation iPhone itself is not important. What is important is the big picture that Steve Jobs painted, which is so beautiful that it has obsessed countless Internet company bosses and countless investors.
The hardware part has basically been completed, and only the supporting software ecosystem is left to make the "handheld computer" that the technology industry has been clamoring for for decades a reality.
The business prospects are so broad that even Google's CEO and operating officer jumped out to take advantage of the hype, saying that this is exactly the direction of research and development of its Android subsidiary, and that the progress will be faster than that of Apple.
The popularity of the related discussions was also successfully reflected in Apple’s stock price.
The news that Fan Wumian had made a profit from his heavy long positions was once again widely reported by the financial media. After the Nasdaq Stock Exchange opened that day, Apple's stock price continued to rise sharply, rising 4.3% just after the opening. The entire Nasdaq index also rose 2.1%.
It's approaching noon.
Seeing that the paper profit had exceeded 1.49 million US dollars and the real rate of return was approaching 100%, Fan Wumian felt relieved.
There's bad news, too.
Huang Bo and Wang Baoqiang just endorsed two pairs of Feili shoes. Because their images were too down-to-earth, after the pictures were posted online, they were ridiculed by netizens, who said that they had lowered Feili's grade.
Fan Wumian personally helped to speak up through public relations, using his own Penguin Weibo account to repost the comment:
——"Everything has two sides. You might as well look at it from another angle. Huang Bo and Wang Baoqiang look so handsome in it, and their looks have been greatly improved. What about you who are handsome, suave, beautiful, and stunning?
Good-looking skins are all the same, but interesting souls are rare. To be fair, after reading everyone's feedback, I carefully observed the two of them and found that if you watch them for a long time, they still have a little bit of the shadow of idol artists.
Before the release, Fan Wumian also specifically @ed Huang Bo and Wang Baoqiang.
It was still late at night in the mainland.
Soon after the message was sent, many night owls responded to him. As the first big star in the mainland with more than 2000 million followers on Penguin Weibo, Fan Wumian's popularity is obvious to all.
A netizen commented below:
——"I never dreamed that the two of them would be related to the word idol artist!? But what you said about my handsome and romantic character is true. I will go buy Feili when I get up tomorrow morning." (End of this chapter)