Chapter 476 Summary of Wealth in 1966 [Please ask for monthly tickets at the end of the month]
Zhang Zhiyuan said: "Understood, I have also registered a branch in Japan."
"Okay." Yang Wendong didn't either After asking more questions, he looked at Qi Ruifan and Zou Wenhuai and asked, "How were your results last year with these two large and small screens?"
Qi Ruifan said: "Yang Sheng, TVB is the only wireless TV station in Hong Kong. Last year's average ratings were about 71%. The total turnover was HK$5.3 million. After deducting early depreciation, the total profit was about 610,000."
"Last year, the real estate market was a little better in the first half of the year, and it was good to be profitable." Yang Wendong nodded.
For regional media or TV stations, local real estate companies have always been big customers for advertising, even in the mainland of the previous life, because from a city's perspective, real estate sales must be the largest industry.
Qi Ruifan said: "This is also some funding from internal brother companies. In addition, Hang Seng Bank also asked us to do a lot of advertising."
"That's not bad, Hang Seng. It will also be one of your stable sources of income in the future," Yang Wendong said.
Under his persuasion, Hang Seng Bank also began to keep a low profile in Hong Kong and seriously developed its overseas banking business. The first stop was Singapore; however, no matter how low-key Hong Kong is, it is still one of the top three banks in the country. We may abandon this industry because investment in advertising is less than before, not gone.
In addition, when Hang Seng Bank was bankrupted the year before last, Evergreen Media and TVB helped a lot. Therefore, in return, a large number of advertising orders were naturally given to TVB.
"Yes, He Sheng has also come to TVB headquarters." Qi Ruifan said: "If TVB needs a bank to select scenes for urban TV series, we will also choose Hang Seng Bank."
"Okay, we are also from Hang Seng. The major shareholder can treat it as a brother company," Yang Wendong added.
In fact, he is already the largest shareholder of Hang Seng Bank. If he really wants to seize power, it is still legally possible, but it is not necessary.
I don’t have a team in the banking industry, and He Shanheng is good at the banking industry, which allows him to operate better with peace of mind. At the same time, he also needs the support of HSBC, Standard Chartered, Citigroup and other banks in other industries, so he does not need to work in the banking industry for the time being. Banks are held nominally.
Zou Wenhuai said: "Yang Sheng, Changxing Film Company made a total of 26 movies last year, including one with a box office of over one million, four with a box office of 500,000, and a total of 16 with a box office of more than 300,000. The total box office in Hong Kong exceeds 10 million
These movies were released in their own theaters in Southeast Asia, with a total box office of 16 million, plus those in other countries. Last year, the total profit of Changxing Film Company was HK$8.6 million;
The theater company in Hong Kong The total turnover with Southeast Asia was HK$39 million, and the net profit was HK$11.38 million. "
"The total is almost 20 million? That's not bad either. "Yang Wendong nodded and said.
Zou Wenhuai said with a smile: "This is also because we now control most of the theaters in Hong Kong, and there are more and more theaters in Southeast Asia, and all sales are in our hands. , to be able to have such benefits. "
"Well, okay, then we will continue to expand theaters this year, whether it is Hong Kong or Southeast Asia. "Yang Wendong said.
The film industry is very profitable. Historically in Hong Kong, before the rise of real estate, Shao Yifu became one of the top ten richest men in Hong Kong by relying on movies and theaters. Now he is better than Shao in terms of film shooting and theaters. If you have a lot of clans, it is normal for you to get higher returns.
But it’s just the beginning now. Although Hong Kong’s cinemas now cover most areas, Hong Kong’s population will double in the future, so there is still room for growth; not to mention Southeast Asia. The current results are only achieved by relying on areas where Chinese people live. If we can expand into non-Chinese areas, there will be no problem in increasing sales several times.
It’s just that it’s difficult to get them to accept Hong Kong movies. We can only rely on Li Xiaolong a few years later. Before that, he can arrange enough theaters in Southeast Asia, even if they play local movies in the early stage, Just wait until Li Xiaolong's movie comes out, and then start playing Hong Kong movies.
"Okay, no problem." Zou Wenhuai said with a smile: 'My cooperation with Hang Seng Bank is also very good. In Southeast Asia, basically as long as I ask for a loan, Hang Seng will lend me a loan. And the amount is very high. ’
“That’s because He Shanheng knows that even if you lose money, I can’t deny it.” Yang Wendong shook his head and said.
This logic is definitely correct. Even if his industries are losing money, as long as it is not too much, he will not divest assets and cheat cooperative banks. This will only damage his reputation and credibility in the financial field.
Not to mention that he is also the major shareholder of Hang Seng Bank, so there is no way he can cheat his own bank. And now no one in Hong Kong doubts that there will be problems with Yang Wendong's investment direction. The risk for the bank is naturally very low. Hang Seng dares to roll up its sleeves and just do it.
Zou Wenhuai said: "Don't worry, Yang Sheng , I will also control the risk. I will investigate every acquisition of Southeast Asian theaters in advance to ensure the interests of the company."
"Okay. , I believe you." Yang Wendong said again: "Remember, you can buy properties in big cities in Southeast Asia, as long as you don't lose money in the future."
Although I am not sure about the future changes in housing prices in Southeast Asia. , but in the long run, before Soros attacked Asian finance in 1997, the entire Southeast Asian economy was very good, and I can now invest with confidence.
Not to mention, when Southeast Asia's economy takes off, people's demand for entertainment will also increase. Cinemas are an investment project that will definitely bring huge returns.
"Okay." Zou Wenhuai agreed. He also knew that another core purpose of the group's willingness to support the expansion of theater lines was for real estate.
After the meeting, the first finance sister Wang Fengzhi knocked on the door and entered, saying: "Yang Sheng, the financial data of Changxing Industrial, Honor Electronics and Watsons have also come out."
"Okay, give it to me. Take a look." Yang Wendong immediately put down the pen in his hand and took the document.
In previous years, Changxing Group held a meeting at the beginning of the year, inviting all senior executives to participate, and then reported and summarized the results of the previous year, plus plans for the next year.
But we didn’t do this this year, also because the situation in Hong Kong is a bit sensitive now, and several subsidiaries have invested heavily in Singapore, so many things have begun to be kept internally confidential. Only the people involved and those at the headquarters know about it, and the fewer people know about it. The better.
So the financial data is also handed over to the headquarters by each company, and the finance department of the headquarters will unify it and then show it to Yang Wendong for review. Wang Fengzhi said: "Last year, Changxing Industrial's turnover was HK$468 million and net profit was HK$83 million. The production in Hong Kong was similar to last year. The main increase came from factories in Wanwan and Singapore."
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“This year I will add Bay Bay and Singapore production capacity." Yang Wendong nodded and said, "Then the output value is expected to be higher this year. How about the sales side?"
Even without what happened in Hong Kong today, appropriate transfer of industries is necessary to form three. A large production base can avoid the problem of insufficient production capacity of one party due to disasters, natural disasters or man-made reasons.
Wang Fengzhi said: "The market is still growing. Even the earliest sticky notes are still not used by many office workers today. Wei Sheng is also working very hard to open up the market, but there are competitors in each of our industries. So the investment in advertising is relatively high.”
“That’s okay. Advertising investment and competition are both. It’s to be expected.” Yang Wendong added: “Appropriate competition can actually lead to more customers.”
Several money-burning wars on the Internet in the past were actually this phenomenon, although most of them were. Internet companies burned themselves to death, but they also succeeded in making netizens accustomed to group buying, takeout, online ride-hailing, etc.
The logic of traditional industries is the same, but it is slower and takes longer.
"Yang Sheng is right. The competition between Coca-Cola and Pepsi-Cola has indeed made many people aware of Coke." Wang Fengzhi continued: "Watson's performance last year was also very impressive, with annual turnover The largest increase was the order from PepsiCo. After we were able to produce sugar ourselves, production costs dropped further, and PepsiCo also began to give us orders from the Japanese market.”
"Then Pepsi's factory in Japan will be closed?" Yang Wendong asked in surprise. This kind of thing should have never happened in history.
Wang Fengzhi said: "It's not clear. This kind of closure and replacement will definitely take a long time to complete the replacement. Even if Pepsi has this idea, it is impossible to tell outsiders, and I think it is very difficult. Reduce the scale of production more and we won’t shut down.”
“Yes, that’s right. If Pepsi wants to sell it safely in Japan, it’s impossible to import everything.” Yang Wendong nodded.
Wang Fengzhi continued: "In addition to Pepsi OEM, our own industry, herbal tea beverages have also entered the Japanese market and Southeast Asian market through some Pepsi-Cola channels. Last year, a total of 39 million bottles were sold, as well as ham sausages. ,this The sales volume is even more popular. Last year, 130 million sticks were sold, totaling 17.8 million Hong Kong dollars. This figure is just the beginning. Currently, demand exceeds supply in Europe and the United States. "
"Do other food manufacturers make ham sausages? ?" Yang Wendong asked.
Wang Fengzhi said: "I heard from Zhou Sheng that it already exists, but the scale is not large, and the packaging model is not as good as ours, and it cannot compete with us."
"Okay, let's not talk about monopoly, this If we can capture 30% of the global market, we will become a top food giant," Yang Wendong said with a smile.
Many ham sausage companies in the previous life were among the Fortune 500. Now they have first-mover advantages, some technical advantages, and various production advantages. Their goals are a little better than Shuanghui, which is not too high.
Coupled with instant noodles, drinks, etc., it should not be difficult to build a Fortune 500 company in the future.
“Yes, I have eaten this ham many times and I don’t feel tired. It can be used as a staple food or a snack. It is much better than sausage.” Wang Fengzhi said with a smile.
Yang Wendong nodded: "Yes, ham sausage can be said to be a perfect food, even better than instant noodles."
Ham sausage can be used conveniently for military, civilian, exploration, disaster relief, etc., even without boiling water. It can ensure the hygiene of food, so it is not only about making money, but maybe this invention is ahead of schedule and can save many people.
Wang Fengzhi continued: "Last year, Watson's total profit was HK$28.7 million. The core profit sources were Pepsi OEM, instant noodles and ham sausages. There are many other businesses and many projects, but together they cannot be compared with "Comparing these two things."
"It's okay, it would be better to have more other businesses, maybe. Which one can achieve results?" Yang Wendong said nonchalantly: "Besides, in the food industry, you can't just do a few things to make money."
Every big food group, even Coca-Cola, has a group of companies. For many beverages, another company, PepsiCo, has more industries, and the same goes for other giants such as Nestlé, Master Kong in the future, etc. in mainland China.
The core reason is to use two or three very good brands to drive consumption of other foods. This is also the power of brands. For example, Master Kong instant noodles have been successful. After being deeply rooted in the hearts of the people, many people are willing to believe in the launch of various beverages.
And no one can guarantee that their core products will always sell well in the future. Even for instant noodles and ham sausages, the market may shrink, or the brand may operate worse and worse, etc., so other products are also needed. Industry cooperation.
Wang Fengzhi added: "Honor Electronics' results were even better last year, especially in the television segment. A total of 720,000 units were produced last year, with an average ex-factory price of 310 per unit. This amount is more than 200 million. Plus other appliances Industry, last year's turnover was HK$385 million, and net profit was HK$41.63 million. "
"It seems that our export-focused industries are gradually catching up with Changxing Industrial," Yang Wendong laughed. said with a smile.
Wang Fengzhi said: "Yes, although Changxing Industrial's products are very innovative, the market is not big, far less than food and electronic products. In the early days, Changxing Industrial had great advantages, but in recent years the development of Honor and Watsons has Faster.”
"There is nothing we can do about the industry ceiling issue for the time being." Yang Wendong also said: "Talk about Honor Electronics, so many small products combined are not as powerful as a TV. This is because the TV market is too big."
The market for niche industries is limited, and There may be few competitors, so it is easy to succeed in early stage startups, but the opposite is true in the mass industry. Early development is more difficult, but if the development is getting better and better, coupled with appropriate creative help from time-travelers and a large amount of financial resources, the industry chain will be improved. , then the scale will easily catch up with the former.
In the past life in mainland China, after 2020, many companies swarmed into the electric vehicle industry. In addition to this being a new opportunity, it is also because the automobile industry is the second largest industrial chain in the world, with a scale of more than one trillion US dollars.
“Yes, Honor Electronics is already researching washing machines and refrigerators.” Wang Fengzhi said with a smile: “When these two products are released, Honor’s scale can be expanded a lot.”
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(End of this chapter)