Chapter 165 Wealth Statistics in 1959
On January 10, Yang Wendong met with Zheng Zhijie again to discuss the follow-up real estate investment company. Although it was only a small test investment in the real estate market, Yang Wendong still pays more attention to it.
At the same time, he also introduced the main persons in charge of his current industries to each other.
Today, his industries can still help each other to a certain extent, especially the media, which can also advertise for real estate companies.
At noon, everyone went to a nearby hotel to have a sumptuous lunch, and then went back to their homes.
After returning to the office of Changxing Industrial, someone knocked on the door: "Dong dong dong~"
"Sister Wang, please come in." Yang Wendong said with a smile when he saw the person coming. It was Wang Fengzhi, the head of the finance department of Changxing Industrial.
After Wang Fengzhi came in, he smiled and said, "Hello, Mr. Yang."
"Come, sit down." Yang Wendong pointed to the chair opposite and said.
"Thank you." Wang Fengzhi sat down and said, "Yang Sheng, during this period, I have made a detailed arrangement of all your assets and accounts according to your requirements;
This is the detailed tabular data, please take a look. "
"Okay, thanks. "Yang Wendong smiled and took the document from Wang Fengzhi's hand.
If 1958 was the first year of Yang Wendong's entrepreneurship, then 1959 was the first year of take-off;
This year , Changxing Industrial’s sticky note factory was successfully put into operation and has begun to Gradually meeting the needs of the American market, sticky hooks, rotating mops, etc. also began to be launched on the market.
The prosperity of the industry also brought him enough funds to enable him to organize newspapers, radio stations, and even directly operate in Hong Kong. A small property was built in Central
As the business expands, and many of these businesses come from bank loans, the entire group's accounts need to be carefully sorted out every once in a while.
Wang Fengzhi continued: "Currently, Yang Sheng, your biggest asset is Changxing Industrial. The net profit of the entire Changxing Industrial for a month is estimated to exceed 800,000 Hong Kong dollars this month;
The main reason for this is We rely on sticky notes, and the sales of sticky hooks in Japan and Southeast Asia have also begun to bring high profits. The number of spin mops is currently much lower, and the sticky mouse pads are also slightly less popular because it is winter in the northern hemisphere.”
Yang Wendong glanced at the numbers on the information and asked: "In other words, by next year, the net profit will exceed one million Hong Kong dollars a month?"
"Yes, there is definitely no problem." Wang Fengzhi continued: "It may even be more, because Wei Sheng is already planning the construction of the second phase of the factory. When it is completed in the middle of the year, the production capacity of sticky notes will be doubled, and it can also supply the European market. That is this one, and the profit will be It can be doubled.
There are also sticky hooks. We don’t invest in them ourselves, but the suppliers we cooperate with have begun to add equipment and even build new factories. The speed of this area will be much faster than our second-phase factory. The profits of sticky hooks will also increase in the future. Not just doubled. "
"Well, okay. Yang Wendong smiled, then looked at the expense items in the data in his hand, and asked, "Changxing Industrial is quite profitable, but it also spends money relatively quickly in other areas." "
Wang Fengzhi continued: "Yang Sheng, Hong Kong China Daily is not fully profitable yet, but sales are gradually increasing. I think it will be profitable in the future;
The radio station One piece, I don’t know, it hasn’t been opened yet, so I can’t make a judgment;
The rest of the payment is the bank’s liability. ”
"Yes." Yang Wendong nodded, looked at the data, and said, "We still owe a total of 8.2 million Hong Kong dollars in foreign debt? Including 3M in the United States?"
"Yes, this is the current amount." Wang Fengzhi replied: “3M’s debt is a The annual debt is not something that banks need to repay on a monthly basis, so it needs to be paid in April this year, or 3M will deduct it from the purchase price. The total amount is 530,000 US dollars, which is almost 3.4 million Hong Kong dollars.
It’s me again We owe 2.8 million Hong Kong dollars to Liao Chong Hing Bank and 2 million Hong Kong dollars to Hang Seng Bank. However, we have been paying back during this period, and there are currently 3.9 million Hong Kong dollars left;
The other is the Hong Kong and China Daily building. Land plus large A total of 950,000 Hong Kong dollars was borrowed for the construction and decoration of the building, and I have paid back a little, but there is still 900,000 Hong Kong dollars left. "
"It's quite a lot," Yang Wendong said with a smile, 820. Ten thousand Hong Kong dollars can be said to be a huge sum of money.
Wang Fengzhi added: "However, we also have 4 million Hong Kong dollars in funds on our account. A large part is the profit of Changxing Industrial during this period, and the other part is the original loan, which has not been completely used up."
Yang Wendong He nodded and said: "So even if we don't consider further business expansion, we can pay off all the loans in almost half a year?"
"Yes." Wang Fengzhi said firmly: "From this perspective, our The debt ratio is not high;
And I am only counting the actual assets of the company. Those intangibles, such as sticky notes, sticky grooves, and sticky mouse pad patents, according to current trends, are worth hundreds of millions. There will be no problem with Hong Kong dollars."
"There is no need to count these, and I will not consider using their value for the time being." Yang Wendong shook his head.
Then he said: "Lao Wei is also preparing to borrow money for the second phase of development. I am also preparing to enter real estate. The demand for banks will become higher and higher in the future. What do you think?" Wang Fengzhi thought? After thinking for a while, he said: "It is normal to develop with money from banks, but no matter how many businesses cooperate with banks, the accounting aspects are separated.
Changxing Industrial belongs to Changxing Industrial , your new real estate company is a separate company, a separate Inject a sum of capital into it, and then it will develop independently and become financially independent."
"Yes," Yang Wendong nodded and said, "I actually have this idea too, the accounting of Hong Kong China Daily. Basically, you sent people to organize it. Now that their scale is getting bigger and bigger, they should become independent.
The real estate company will be bigger in the future, and it will definitely be different from the factory. To separate.”
"Yes, all subsidiaries must have independent finances. This is also the normal operation mode of many groups in Hong Kong." Wang Fengzhi nodded and said: "I heard that some real estate companies, each real estate business, are operated independently, or some shipping companies Shipping company, each ship is also unique Establish accounts.”
“I’ve heard of this too.” Yang Wendong paused and then said, “Sister Wang, it’s okay for each company to have independent finances, but I also want to have a general accountant here. Department to control and supervise all subsidiaries, what do you think?”< br>
After listening, Wang Fengzhi said: "That's no problem. The management of each company can be handled by the people in the branches, but the audit power on the financial side belongs to the parent company."
< br>Yang Wendong smiled and said: "Yes, so I want to invite Sister Wang to come How about taking charge of this department? "
As the company grows bigger, the head office must have control over the lower levels, such as the most important finance and personnel. In this regard, it will only give certain small rights to the branches. , larger ones will still be decided by the head office.
There will even be security and anti-corruption monitoring methods in the future to ensure that the head office controls the branches and prevent those below from gaining power and becoming too powerful.
But it’s still early, and several branches have just started to be established. Let’s control the finances first.
In terms of human resources, Yang Wendong will also delegate power in the short term, because he currently does not understand the relevant majors. In the early stage, he still feels comfortable letting professional managers develop on their own.
We will deal with this matter when we have reached a certain scale and are able to generate blood by ourselves like Changxing Industrial is today.
Wang Fengzhi felt happy after hearing this. She knew the future potential of the future company, but she still said: "Thank you Yang Sheng for the promotion. I am very willing. However, Changxing Industrial still needs some time to hand over. .”
"Well, of course." Yang Wendong nodded and said: "At present, the company's main business is still based on Changxing Industrial's factories. In a short period of time, you can still stay here;
When the other businesses become larger, I will establish a group company and all departments of the head office will be separated.
But this will also take a while. During this time, you must focus on cultivating Changxing Industrial. The successor in charge of finance here is to select the future group’s finance director. "Okay, I understand," Wang Fengzhi said happily.
Yang Wendong looked at the information in his hand and asked: "You alone value Changxing Industrial at HK$100 million?"
Wang Fengzhi said with a smile: "Yes, if the second phase is completed, our monthly profit can be as high as 1.5 million Hong Kong dollars. Even if a lot of other consumption is deducted, the net profit for a year will be at least 15 million Hong Kong dollars;
According to The net profit and market value of the general stock market are estimated to be worth 100 million, and this does not include the value of several patents."
"Well, the sticky notes are indeed far more than this price." Yang Wendong smiled and said: "Remember, the company's income in the future is considered top secret. Except for a few people in the financial department and people in charge like Lao Wei, other people must not be disclosed."
It is not an exaggeration to say that the core industry of a giant company like 3M in the previous life was worth hundreds of millions of dollars. However, times are different after all, and it does not have the channel control like 3M, nor does it have the support of a big empire like Lao America.
However, the market for sticky notes has not been fully developed, because even in California and Hong Kong, which have already developed their markets, there are still many people who do not use sticky notes, which requires further marketing in the future to expand the market. .
Wang Fengzhi agreed and said: "Don't worry, Yang Sheng. As a financial officer, I know the confidentiality regulations; even within our financial department, several core personnel only know their own business;
They may know the company's profits. It’s very high, but I don’t know how much it is.”
“Yes, okay.” Yang Wendong nodded.
For some people within the company, it is indeed impossible to hide some things. We can only say that we do not let them know the core data.
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(End of this chapter)