Putting down the Su Group's account book, Su Cheng picked up the second account book again.
This is the financial account book of Hutchison Whampoa Group, another large group under Sioux City.
Hutchison Whampoa Group was definitely unable to compare with Su Group last year. After all, mobile phones were not yet on the market last year, and Hutchison Whampoa only relied on old industries to operate.
In the past two years, under the drastic management of Wei Li, Hutchison Whampoa has sold, sold and closed many poorly managed subsidiaries.
Therefore, Hutchison Whampoa had already achieved profitability when Sioux City took over.
Even Hutchison Whampoa before Sioux City took over, its annual turnover could reach several billion Hong Kong dollars or even tens of billions of Hong Kong dollars.
Otherwise, how could Hutchison Whampoa’s market value be so high!
However, at that time, Hutchison Whampoa had a big business, high revenue, and high expenses. The shortfall here had to be made up by profits there, so it was already a very difficult task to make a profit. Not a bad result.
Before Sioux City took over Hutchison Whampoa, under the management of Wei Li and with the assistance of Huifeng Bank, a major shareholder, Hutchison Whampoa's turnover temporarily declined due to the axing of many subsidiaries. It has increased a lot, but as the new Hutchison Whampoa gradually gets on the right track, both sales and profits are continuing to rise.
After Sioux City took over Hutchison Whampoa, Hutchison Whampoa continued to be managed by Wei Li. Hutchison Whampoa continued to develop at a high speed. Then, with the emergence of Oracle brand experience stores, Hutchison Whampoa continued to be managed. The products of Huangpu's subsidiaries are also like those of Su Group, and their sales continue to rise.
In addition, Sioux City also provides a lot of things to those subsidiaries, such as Hutchison Publishing House. Several novels provided by Sioux City have now become one of the best-selling books in Europe and the United States.
So, Hutchison Whampoa after Sioux City took over has undergone earth-shaking changes compared with the previous Hutchison Whampoa.
Turn to the last page of the ledger. This time, Su Cheng was not so surprised by the data above.
In 1978, Hutchison Whampoa Group’s total turnover was HK$12.6899 billion, total cost was HK$8.4623 billion, and residual profit was HK$4.2276 billion!
Compared with Su Group, Hutchison Whampoa Group’s results are not so dazzling.
However, Sioux City believes this is because Hutchison Whampoa has not exerted its strength yet.
Once Hutchison Telecom successfully develops more markets and Yunsheng S1 sells well overseas, then Hutchison Whampoa’s potential this year will be no less than that of Su Group.
After all, in Su City’s view, the foundation of Hutchison Whampoa Group is much more solid than that of Su Group.
Before Su City took over, Su Group was just a listed company with a market value of hundreds of millions of Hong Kong dollars, while the market value of Hutchison Whampoa Group had already reached several billion, more than Su Group. More than ten times more.
Now this result is considered a relatively normal result, but the profit is much higher than expected.
The main reason for these is that the channels of major group companies under Su City have now been shared, which has led to more and more sales channels and naturally increased sales.
Su Group’s surplus profit of HK$10.6 billion, plus Hutchison Whampoa Group’s surplus profit of HK$4.2 billion, the profits of these two groups alone have actually reached HK$14.8 billion.
Even Su Cheng felt that the money came too fast.
Putting down the Hutchison Whampoa Group account book in his hand, Su Cheng took another account book.
This is the financial ledger of Hong Kong Electric Group.
For Hong Kong Electric Group, Sioux City’s expectations are not high.
After all, Hong Kong Electric Group had just acquired it, and the development of its land parcels had not yet begun.
However, for Hong Kong Electric Group, Sioux City is like picking up a dead chicken. Sioux City controls 52.9% of Hong Kong Electric Group's shares, and the time of control was just in November, which was almost over last year.
Hong Kong Electric Group's dividends are distributed once a year, so Su City has acquired so many stocks that have not yet started paying dividends.
Therefore, no matter how much HK Electric Group earned last year, Sioux City had 52.9% of it.
This company is, after all, a public institution. After Sioux City holds 52.9% of the shares, it no longer plans to increase its holdings. After all, if there are too many, Hong Kong Electric Group will become a private enterprise. Maybe the government won't allow it by then.
So, it is better to keep the 52.9% equity.
Hong Kong Electric Group owns a number of priceless land parcels. Sioux City plans to have HK Electric Group and Hutchison Real Estate, a subsidiary of Hutchison Whampoa Group, jointly set up a new company to develop these land parcels. , the income gained by Sioux City is not just as simple as 52.9%, but has risen infinitely.
Now, Sioux City has reached the point of absolute control over HK Electric Group. It is not up to him to have the final say on how HK Electric Group should develop.
Moreover, with HK Electric's current strength, it cannot develop these sites alone in a short period of time.
Similar to the previous ledger, Su Cheng turned directly to the last page.
The business of Hong Kong Electric Group is now relatively diversified.
In addition to the main business of electricity sales, it is also involved in real estate development and property management, technical services, retail, advertising, finance, etc.
In 1978, the total turnover of HK Electric Group was HK$4.5826 billion, the cost was HK$3.8679 billion, and the residual profit was HK$714.7 million!
There is really good news one after another. Whether it is So Group, Hutchison Whampoa Group or Hongkong Electric Group, they are all good.
Although the Hong Kong Electric Group cannot compare with the former in terms of turnover or residual profit, the performance of the Hong Kong Electric Group has surpassed the vast majority of listed companies in Hong Kong.
What a high-quality company, but it has never had a family shareholder before. It was really picked up by Su City.
According to the above report, the profit from electricity sales was HK$476.6 million. In other words, the profit from electricity sales only accounted for about 66.68% of the total net profit, and the profits from other side businesses were also very good.
It can be seen that Hong Kong Electric Group's business besides making money from electricity sales is also very profitable, and it is a public utility company with very good development potential.
This is an achievement achieved by HK Electric Group without any interference from Sioux City.
Although 700 million is not much, and Su City can only get 52.9% of it, Su City is not looking at small profits now, but big profits in the future.
As the only electricity sales company in Hong Kong, Hong Kong Electric Group has a guaranteed source of power supply customers and can basically avoid debt.
If Su City wins it, there will be no need to worry about losing money.
Anyway, Sioux City only spent less than 2 billion Hong Kong dollars to acquire Hong Kong Electric Group. For him, it was just a medium-sized investment.
Now, only three months have passed. If all the HK$714.7 million funds are paid out as dividends, Sioux City will have already repaid HK$378 million!
When Hong Kong Electric Group officially enters the fast lane of development under the leadership of Su City, like So Group and Hutchison Whampoa Group, then Hong Kong Electric Group's return of capital will be just a small problem. It is inevitable to continue to create more profits for Sioux City! (End of this chapter)