Chapter 169 Hongmeng Total Assets
“Now there is a question, is Pangu Browser open source or closed source?” Xie Wen said.
Thoughts appeared on Xu Liang's face.
Although he is not a computer major and cannot write code yet, he is already familiar with many terms in the computer and Internet industries.
Such as open source and closed source.
If Pangu Browser chooses to be open source, it will first gain great security.
Since 100% of the code is in the public eye, if an existing risk is discovered, a solution to fix the vulnerability can be found in a faster time with the assistance of many developers.
Secondly, higher development efficiency.
Open source software does not cost money and can be used directly, saving a lot of team development costs.
At the same time, the code format specifications of open source software are generally relatively good, making it easier for developers to get started. At the same time, this further reduces the cost of development, subsequent maintenance, and collaborative development, and improves development efficiency.
Finally, a higher degree of freedom.
Most non-open source commercial software basically has relatively strong constraints on merchants, and suppliers often bind customers very closely.
Open source software gives customers a very high degree of autonomy. The development of new functions, the launch time of functions, and the price of customized functions are all determined by the customers themselves, enabling personalized customization.
But.
Nothing in the world can have only advantages and no disadvantages.
Open source software also has many disadvantages.
First, maintenance costs are higher.
Since the source code is free on the Internet, it attracts many developers to participate, which leads to more and more bug fixes and patches.
A large number of patches make the source code structure more bloated and create various new problems.
In addition, increasing structural problems also lead to higher maintenance costs.
Second, the user experience is worse.
Open source code products tend to be more in line with developers’ expectations rather than end-user needs.
Be aware that most users know nothing about source code.
A variety of websites can cause various problems for user experience.
Third, it is difficult to upgrade and maintain.
The open source system has been very powerful in terms of functions after years of improvement, but behind the powerful functions, it also means a huge code structure.
An open source system code that has been improved and upgraded for many years must be calculated in tens of thousands of lines. Most people cannot understand such a complicated code structure, which means that later upgrades are quite difficult.
But if it is a customized system, this problem will definitely not occur. Since you are familiar with the code, it will be much easier to upgrade.
There are other problems, which I won’t go into details here.
"What did Zhou Kun say?" Xu Liang asked.
Zhou Kun is the director of the two departments of Hongmeng website and Pangu browser.
"Zhou Kun suggested that the image engine should be open source, but the plug-in part should be closed source."
Xu Liang nodded after thinking for a moment.
“Just promote it according to his ideas.”
Only the color and image of the website are changed. If the plug-in does not change, the format of the website will remain unified, but a certain degree of freedom will be guaranteed. Just consider both.
Xie Wen nodded and handed over a document.
“I have discussed with Li Haizhen and others. Regarding the investment in Internet cafes, the first batch is 13 million, and 5,000 assembly machines will be purchased from Hongmeng Xiangjiang, Hongmeng Nanyang and Hongmeng Zhongnan, allocated in a 1:2:2 ratio.
After laying the foundation, start financing immediately and then purchase the second batch."
Xu Liang nodded, after thinking for a moment.
“Southeast Asia is not peaceful, let them find some reliable bodyguards for themselves, safety first.
In addition, don’t be stingy when it comes to relationships. "
"Understood. "
"By the way, these are the financial reports submitted by Japan, Nanyang and Zhongnan. "
Xu Liang took the three reports.
"Mr. ”
"Yeah."
After Xie Wen left, Xu Liang picked up the first report.
Hongmeng Nanyang Report.
Because of the integration of Excite's business, this financial report also faithfully reflects Excite's operations throughout 2000.
The entire Hongmeng Nanyang subsidiary generated a total revenue of 16.5 million Chinese dollars in 2000.
Among them, 9.47 million was the income generated during the Excite period before Hongmeng’s acquisition, and the rest was the income generated after Hongmeng took over.
It can be clearly seen that after Hongmeng took over, Hongmeng Nanyang’s revenue increased.
The main reason for the increase in revenue is games.
"Legend 1 Overlord War" is also very popular in Indonesia, Brunei and other places. It currently has 2.17 million registered users and 90,000 are online at the same time.
"Millennium", "Red Moon" and "Avatar", that is, "Bubble Show", although not as good as "Legend", still contributed a lot of revenue.
Facts have proved that in economically underdeveloped places, "Legend", which focuses on fighting and killing and has rough graphics, is far more popular than "Millennium" with exquisite graphics.
In 2000, Hongmeng Nanyang’s operating expenses were 18.2 million Chinese coins.
After deducting revenue, the debt is still 1.7 million Chinese dollars.
However, it can be seen from the report that compared with the Excite period, Hongmeng Nanyang's debt ratio has continued to decline. At the end of the year, it had dropped to 200,000 Huaxia coins, not far from revenue balance.
In 2000, Hongmeng Nanyang, excluding goodwill and intangible assets, had total assets of 18.9 million Chinese coins, mainly hardware investments.
The total liabilities are 13.87 million Huaxia coins.
From the perspective of assets and liabilities, Hongmeng Nanyang’s finances are relatively healthy.
But this was established with an operating capital of 8 million Huaxia coins invested by Hongmeng Corporation.
Without these, Hongmeng Nanyang’s liabilities would definitely be higher.
The operating conditions of Hongmeng Zhongnan subsidiary are similar to those of Hongmeng Nanyang. Still in debt.
However, because Hongmeng Zhongnan Company has more registered people, its operating expenses are also higher.
It was as high as 2.6 million during the Excite period. After Hongmeng took over and merged many businesses, it soared to 3.8 million.
But the corresponding revenue is also higher.
From 1.5 million per month during the Excite period to 2.89 million now.
The main source of profit increase, in addition to advertising, is also online games. The most popular one is also "Legend 1 Overlord War".
Combined with the platform of the portal website, the promotion of the game is very smooth and the revenue is growing rapidly.
In 2000, Hongmeng Zhongnan Company had total assets of 21.38 million Chinese dollars and total liabilities of 19.87 million Chinese dollars.
“Li Haizhen has some abilities, and he made the right move by transferring him to Zhongnan Company.”
Zhongnan Company needs to face the markets of six or seven countries, and it requires strong corporate managers. His decisiveness and management talents suit him perfectly.
In contrast, Wang Tao, who is a game planner, has a stable work style and likes to proceed step by step according to plans, which makes him suitable for managing a single market.
Hongmeng Nanyang Company, Brunei and East Timor are too small, mainly Indonesia.
If you master the Indonesian market, you will master the entire Southeast Asia.
Compared with them, Qu Guangyun, who manages Hongmeng Xiangjiang, likes to take the wrong approach, win by surprise, and makes great efforts in management.
Hideo Fukunaga of Dongying Company is different. With many years of management experience, he is best at regulating relationships between superiors and subordinates, bridging internal conflicts within the company, and keeping the company running smoothly.
But the disadvantage is the lack of strategic vision and the need for someone to guide the company to move forward.
Xu Liang does not need him to exert strategic efforts, as long as he manages the company well.
So, among the three subsidiaries established at the same time in Japan, Zhongnan and Nanyang, Hongmeng Japan Company has developed the fastest.
Throughout 2000, Hongmeng Japan Company achieved revenue of 24.117 million Chinese coins.
Operating expenses are 18.93 million Huaxia coins.
The US$3.5 million raised from SoftBank has not been spent yet.
So Hongmeng Dongying still has nearly 20 million in cash on its account.
It can be said that, except for Hongmeng China, Hongmeng Dongying Company has the healthiest operation among all subsidiaries.
But it is different from other subsidiaries.
The main revenue of Hongmeng Japan’s subsidiary does not come from games, but games, music and comics jointly constitute Hongmeng Japan’s main source of income.
Games earn the most, followed by music, and comics last.
The main source of revenue for comics is "Death".
At first, he had no intention of meddling, but instead it became an opportunity for the rapid development of Hongmeng Comics.
After integrating all subsidiaries, Hongmeng's overall revenue in 2000 was 429 million Chinese dollars.
The overall operating expenditure is 332 million Huaxia coins.
After tax, the net profit is around 70 million.
The profit margin is 16.32%.
In the context of rapid expansion and the Nasdaq crisis, it is not bad to achieve such results.
The company’s total assets are 766 million Chinese coins.
Equity assets: 367 million Huaxia coins.
(Yahoo Japan 10% equity, Alibaba 10% equity, Sina 8.7% equity, JYP 15%, SM 3.9%)
Copyright assets: 126 million Chinese coins.
"Legend", "Millennium", "Bubble Show", "Red Moon", etc. (calculated based on 2000)
Hardware assets: 193 million Chinese coins.
Goodwill and technical assets are not included in statistics for the time being.
Cash and short-term investment, 86 million Huaxia coins.
The company’s total liabilities are 184 million Chinese dollars.
The net assets after deducting liabilities are 582 million Chinese dollars.
Looking at the final statistics table, Xu Liang had a smile on his face.
Although assets are not equal to cash flow, they can all be realized.
"Including new dreams, the assets I can control are almost 600 million."
It took me nearly a year to make so much money, although I can't compete with the reborn financial bosses. Comparable, but it is still worth a lot of money.
After a busy day, Xu Liang returned to Andrea's restaurant in the evening.
“Xu Liang?”
When she saw him, An Kaiyue, whose face was full of joy, rushed towards him.
She had never longed for his presence as much as she did now.
Xu Liang held the soft and plump body in his arms, feeling the woman's attachment. He couldn't help but smile on his face, and felt a strong sense of accomplishment in his heart.
Conquering beautiful women is as proud of him as starting a business.
"Are you feeling better?"
An Kaiyue nodded.
"It doesn't hurt anymore. By the way, have you eaten?"
"Not yet. I'm concerned about your body. I'll be here as soon as I get off work."
"Then I'll go I’ll do it for you.”
Xu Liang nodded.
Watching An Kaiyue turn around and walk into the small kitchen in the backyard, Xu Liang also followed.
"I'll help you."
I simply made four dishes and one soup. Because Xu Liang can eat better, the portions are larger.
(End of this chapter)