Chapter 463 Summary of Wealth in 1965 (2)
After the three core businesses were introduced, the next level was next. Yang Wendong looked at Wang Zhiqun of Honor Electronics and asked: "Sheng Wang, it's your turn."
"Okay, Yang Sheng." Wang Zhiqun said: "First of all, I would like to thank Wei Sheng from Changxing Industrial. It is also Wei Sheng's various supports in the plastics field that have enabled Honor Electronics to achieve great results in R&D and cost control in various electrical fields. achieved very high results.”
Plastic is also very important in civilian products. Normal household appliances basically contain plastic. It has low density, non-conductivity, low price, and can be made into various shapes. The combination of these characteristics is perfect.
Wei Zetao smiled and said: "Wang is too polite. Honor Electronics is also a major customer of Changxing Industrial. Cooperating with major customers is what we should do."
"Stop flattering each other." Yang Wendong said: "However, Changxing Industrial does have advantages in the field of plastics. In the future, we can also consider using this to become a supplier to other large overseas companies, such as Japanese automobiles, home appliances, etc. Wait, this will be a good market.”
Changxing Industrial has been able to develop to the present because of creativity, but this thing is also limited. Unlike the electronics industry, there will be countless different development opportunities in the future for decades.
An enterprise also needs to develop itself and make use of its existing advantages, and plastics, paper, glue, etc. are the advantages of Changxing Industrial.
Wei Zetao agreed: "Okay, I will visit some big companies in Japan this year to see if we can reach some cooperation."
"Yes." Yang Wendong nodded and said to Wang Zhiqun: "Old Wang, continue."
Wang Zhiqun continued: "Honor Electronics' current main business is transistor production. Last year's production capacity exceeded 150 million units, exceeding Fairchild Semiconductor's production capacity in Hong Kong. A small part of these transistors remain in Hong Kong, and most of them go overseas to Europe and the United States. and other countries, with a total value of HK$38 million;
The second business is black and white TVs. This business is now in full production, with a monthly production capacity of 45,000-50,000 units, and a yearly production of 530,000 units, with a total value of HK$126 million.
Other businesses include small appliances such as microwave ovens, rice cookers, and electric fans, with a total value of approximately HK$60 million. ”
"It seems that the scale of Honor Electronics is gradually approaching that of Changxing Industrial." Yang Wendong said with a smile.
Wang Zhiqun said: "Judging from the sales data, it is close, mainly because the value of TV sets is too high. The production capacity of 500,000 units is very large, but the profit is not high, far less than that of Changxing Industrial or Real Estate and Shipping .”
"It doesn't matter, just build up the scale first." Yang Wendong didn't care too much: "The prerequisite for high profits in the electronics industry is to have technology. When you have enough income, you can conquer the technology and improve the industrial chain. Only then can we gradually obtain high profits.”
Even if the electronics industry has creativity, it still needs technical support, such as arcades, personal computers, etc. It is useless to be creative without technology. Even if it is made, the cost will be high because the technology is not in place, so even if it relies on If creativity takes over the market first, it will be surpassed by latecomers later.
For example, Apple was the first to launch a computer, but its subsequent failure in research and development led to its decline in the mid-1980s. Even founder Steve Jobs was kicked out of the company.
Right now, Honor Electronics does not need to pursue high profits. It can do well in the market first and then develop other products when the time comes.
"Okay, thank you Yang Sheng for your support." Wang Zhiqun replied.
Yang Wendong nodded, then looked at Carrefour's Liu Huayu and asked: "Sheng Liu, the economy is not very good this year. How is Carrefour's performance?"
Liu Huayu replied: "Yang Sheng, our sales this year have increased by 2.8% year-on-year, totaling HK$107 million. This is the data of the economic decline, but fortunately, supermarkets sell basic necessities, and people always have to buy them. , coupled with our stronger ability to control costs and lower prices, many people will specifically come to Carrefour to shop.”
"Okay, as long as it can be stable." Yang Wendong asked again: "What about Singapore?"
Carrefour also entered the Singapore market with the group in the middle of last year. In Singapore, where there are no supermarkets, this will definitely be a dimensionality reduction blow. As long as it captures the market first, or takes an advantageous position, Carrefour will also have a presence in Singapore in the future. Stable.
Liu Huayu said: "Our two stores in Singapore have already opened. Most of the goods are transported from the headquarters in Hong Kong, and a small number are purchased locally, with the intention of gradually cultivating the local purchasing chain;
There are also 6 stores. I have purchased the land in cooperation with Zheng Sheng. The houses are under construction and are expected to be gradually opened in April or May this year. ”
"Okay, then this year's task is to focus on operating the Singapore market." Yang Wendong said: "If we operate well in Singapore, we will have the foundation to gradually expand to other places in Southeast Asia;
The market in Hong Kong is limited. Even if we monopolize this place, it won't work. The same goes for Bay Bay next door. Southeast Asia will be the foundation of our supermarkets in the future. If we can gain a foothold in Southeast Asia, it will be easier for us to produce various finished products from other subsidiaries of the group. We have entered the Southeast Asian market, so your task is very important. ”
Any large supermarket chain has a basic base. Although Yang Wendong is optimistic about the mainland, it will still be more than ten years before the reform. And ten years after the reform, there will be great restrictions on the foreign-invested service industry, so there is no need to think about this market for the time being. Now, I can only choose Southeast Asia where there are no local supermarket brands.
Its other industries are also dependent on Southeast Asia. If Carrefour opened a large number of supermarkets in Southeast Asia, it would be of great significance.
"Understood, Yang Sheng." Liu Huayu said.
Yang Wendong looked at Zou Wenhuai again and said: "Zou Sheng, the same is true for your overseas cinema expansion. You should expand gradually and in a planned way. If your expansion is successful, then Hong Kong movies will be popular in Asia and Hong Kong stars will be able to There are enough people who like it in Asia, which will also facilitate our group and even Hong Kong’s manufacturing industry to enter the Asian market.”
Wrinkle Huai said: "Yes, Yang Sheng, last year I opened three new cinemas in Singapore and one in Malay. As long as I am sure that there is no problem in operation, I will gradually expand."
The expansion of this theater chain is not just about having money. The first important point is location selection. Only when there are enough people around, even Chinese, or local people who can accept Hong Kong movies, will the theater have economic value after it is built.
"Real estate in Hong Kong is not good during this period, so you don't have to think about it. Just invest in Southeast Asia with peace of mind." Yang Wendong added: "It just so happens that Hang Seng Bank is also preparing to set up business in Singapore. You can cooperate more with them. They will not be involved in large projects. I can’t accept it, but your theater project is quite suitable.”
Hang Seng Bank was severely damaged by the run on Hang Seng Bank at the beginning of last year. The 50 million Hong Kong dollars invested by Yang Wendong were almost lost. However, the He family also saved their own business; after a year, it gradually returned to normal. In November last year , Hang Seng Bank also went to Singapore and established its first overseas branch.
Zou Wenhuai agreed and said: "Okay, I will visit Hang Seng Bank after the new year."
Yang Wendong added: "In addition to investing in theaters, we must also do a good job in filming. Only good movies can occupy the Southeast Asian market. Otherwise, even if I own all the theaters, it will be useless."
"Understood." Zou Wenhuai nodded and said, "During the Chinese New Year this year, I have also prepared a few movies. After the results come out, they will be released in Southeast Asia."
"Okay, talk to me alone after the results come out." Yang Wendong said. He's not very excited about how much money the movie can make. It's just the beginning. As for the content of the movie, he doesn't really care about it now. If it really becomes a hit, he can just watch it again.
Zou Wenhuai agreed: "Okay."
Yang Wendong looked at Qin Zhiye again and asked with a smile: "Old Qin, how are you doing here?"
Qin Zhiye felt ashamed and said, "Yang Sheng, I am incurring losses here. The advertising business has suffered heavy losses. Even TVB has suffered heavy losses. Various real estate companies have stopped advertising. Although the brother companies have provided support, it is still not enough."< br>
"Well, it's okay, I expected it." Yang Wendong said with a smile: "Don't be discouraged, just wait for the economic recovery. In addition, be prepared. If the time is right, you can also acquire other newspapers. At this time, life is not only difficult. It’s our family.”
"Acquisition?" Qin Zhiye's eyes lit up.
Yang Wendong said: "Yes, it is necessary to acquire newspapers with different business categories from ours. It is impossible for a large newspaper group to rely only on two newspapers. Its future business also needs to be differentiated."
Not to mention newspapers, even Internet companies in the previous life wanted to do everything, but there are related genes within the company, and it is impossible to succeed in everything; the same is true for today's newspapers. A newspaper generally has its own positioning direction, and different newspapers also have their own positioning direction. It can be said to be misplaced competition.
If you want to be a top media group, you must have newspapers with different positions to cover everyone in a region.
"Okay." Qin Zhiye replied happily.
Yang Wendong smiled and asked Zhang Zhiyuan: "Old Zhang, the main business of Changxing Culture is overseas. The Hong Kong economic crisis will not have much impact on you, right?"
Zhang Zhiyuan replied: "This has little impact. Now more than 80% of Changxing Comic Weekly is sold overseas, and the same is true for related derivatives. Last year's total turnover was HK$29 million.
This year's core business is to promote Tinker Bell and its cartoons. With Tinker Bell's popularity, it may be no problem to double its performance this year. ”
"Well, this is also the advantage of the cultural industry. As long as there are results, it can grow rapidly." Yang Wendong said with a smile.
The cultural industry is just like the Internet business. Newspapers or books can be produced quickly. Once cartoons are produced, they can be sold around the world. The only problem is to translate them into local languages, but it is much better than other physical industries.
"Yes." Zhang Zhiyuan nodded and smiled.
In fact, there is one more thing about Changxing Culture, which is the profit rate report, but profit is not allowed to be mentioned in this group meeting.
"Then the last one is the Watsons." Yang Wendong looked at Zhou Haoran and said with a smile: "The Watsons' results were very good last year, right?"
Zhou Haoran replied: "Yes, Yang Sheng, Watson's core business today is grain trade, grain production, beverages, sugar production, as well as cosmetics and pharmacies, but these two share are very small;
Last year's total turnover was HK$170 million, but 80 million of it was from grain trade. This seems to have a high output value, but it is all coolie trade and the profit margin is very low. Watsons' core is still beverage and food production, but it also has about 60 million. It is an OEM for Pepsi-Cola, and the only amount that really belongs to us is about 30 million. ”
"30 million is already not bad." Yang Wendong said: "Our company looks very ordinary to the outside world, but it is also one of the largest food and beverage companies in Hong Kong."
As a traditional industry, although there is some innovation in "tea drinks", the competitiveness is also very limited. Therefore, the development of the beverage and food industry is relatively slow, which is what Yang Wendong expected. This is due to his strong funds and control of shipping. Otherwise, ordinary enterprises may not even be able to make 3 million in a few years of development.
"Yes." Zhou Haoran agreed.
Yang Wendong added: "Watson's industry still relies heavily on channels. The main group will do its best to open up channels for each subsidiary, but you also have to work hard. On the one hand, you can open up channels yourself,
On the other hand, you can also run the factory conscientiously, make high-quality products, or innovative products, or find ways to reduce costs, which will also be accepted by more overseas distributors. ”
"Understood, okay." Everyone replied.
This sentence is obviously not just for Watsons, but for everyone.
Except for a few industries based in Hong Kong, other subsidiaries of Changxing Group are mainly focused on overseas markets. The current strategy of the group is that the headquarters is responsible for the major expansion of channels. The boss Yang Wendong often decides on these overseas layouts;
But subsidiaries cannot wait to feed themselves. They know what they should do. After all, all companies were brought up by Yang Wendong. They have gradually improved from the entire industry chain to channels. Changxing Industrial’s plastic industry has already set an example. Next, everyone can work hard in this direction.
After the meeting, Yang Wendong said: "Everyone, the Chinese New Year is coming soon. Sister Wang will put your bonuses in envelopes later, and then you can take them away."
"Thank you Yang Sheng." Everyone said almost in unison.
Everyone works to make money. Who doesn’t like year-end bonuses? Especially Yang Wendong is quite generous and gets a lot of bonuses at the end of the year.
Yang Wendong added: "This is what you should also do. In addition, other people in the group will also receive year-end bonuses. The average salary is about one month's salary. This is my gratitude to all employees."
In fact, factories in Hong Kong do not have year-end bonuses in this era. It is good if wages can be paid on time;
However, Changxing Group positions itself as a high-welfare enterprise. Not only is Yang Wendong kind-hearted, but also a high-welfare enterprise that can continuously attract high-quality talents to join. In this way, it can ensure that the company's product quality is stable and its technology is innovative. In the long run, this will be more cost-effective and gain a good reputation.
After the meeting, Yang Wendong arranged for everyone to go next door to get some pastries from Maxim's Food, which were considered as gifts for the New Year.
Money is money, but you also need to have items. The same goes for ordinary workers. In addition to year-end bonuses, there are also some grains, meat or cooking oil, etc.
PS: Please give me a monthly ticket
(End of chapter)