Huayu Zhihao

Chapter 406 Company Annual Meeting (End)

Just when people thought that the pattern of online book sites had stabilized, an anti-pornography campaign that swept across the entire Chinese Internet suddenly fell on literature websites.

In August and September 2004, websites such as Tianyin, ReadWrite, and Cuiwei were censored and even shut down one after another. Websites such as Qidian and Huanjian also launched self-examination activities, and a large number of works were deleted or blocked.

This sudden accident broke the balance that had just been established, and readers who had nowhere to go due to the closure of Tianyin and other websites had to move to other websites one after another.

During that period, the traffic of Qidian and other websites increased significantly, which resulted in the website becoming very slow and frequent link errors.

However, the websites that survived the movement have also achieved tremendous development, among which Qidian and Huanjian have benefited the most.

However, due to too few works of its own, the VIP update almost completely stopped after the closure of Tianyin, and it failed to receive the reader resources left by its allies, thus losing the last chance for rapid development.

And the matter is far from over. When the North-South confrontation between Huanjian and Qidian is about to take shape, Sheng Da announced his arrival with "a letter to the author of fantasy".

Relying on Shengda's strong capital, the newly established PT Literature has signed contracts with many well-known authors in the form of buyouts, and the Internet is full of exclamations.

However, PT Literature did not grow as rapidly as Shengda expected. Although it has many famous authors, the number of readers is not as good as that of small websites such as Qingxin.

The flow of people playing games did not turn into reading books, and soon the development of PT literature entered a bottleneck. Not only did the number of readers increase slowly, but the joining of new authors also slowed down.

Because the remaining excellent authors basically have contracts, it is difficult to poach corners, and the hematopoietic function of literature itself (to cultivate new authors) is weak, and it is difficult to attract new authors.

Now, the network text structure has formed a situation of three parts of the world.

Relying on a large number of VIP authors and members, as well as new works by newcomers, Qidian occupies half of the country.

Huanjian relies on accumulated historical resources and good relationship with old authors and publishing houses to occupy a place.But the weakness of Huanjian's hematopoietic function determines that it has little room for upward development.

Although PT Literature is at a disadvantage in terms of readers, authors, etc., it has a huge advantage that other literature websites do not have, that is, its almost unlimited financial advantage.

Whether it is publishing or VIP, it is all reflected in the author's remuneration in the end, and Shengda's strong funds allow him to attract authors with a far higher remuneration than other websites.

Although according to the remuneration, even if the VIP is released on Qidian, it will definitely lose money, but Shengda can fully bear this level of loss.

Therefore, although PT Literature is the weakest of the three, it is entirely possible to replace Qidian after two or three years of development.

According to the trajectory of the previous life, Shengda Literature did not wait for two or three years, but directly acquired Qidian, which permanently changed the territory of the literature website and announced the end of the Bronze Age when all powers came together.

The online literature industry has completely entered a situation of dominance.

But it is different now. Although Shengda also sent an invitation to buy Qidian, Chen Hao refused without hesitation. Qidian, the largest original literature website in China, Chen Hao would not sell it no matter how much money it gave.

"Now we have rejected Shengda's acquisition, but they are likely to turn around and acquire Magic Sword, and then merge with pt, plus Shengda's point card recharge outlets all over the country, this is undoubtedly a big threat to Qidian.

This year is likely to be the year when Qidian responds to the most violent impact of Shengda Literature. In addition, we need to update the server, and the remuneration expenditure continues to increase.

Although Qidian's profitability is already the highest in the industry, it is still far from enough, so we want to apply for a budget of 1000 million yuan this year to deal with this tough battle. "Wu Wenhui stared at Chen Hao after finishing speaking.

Qidian now has a thriving market share, but if Shengda acquires Huanjian, it will be a great threat to Qidian. No matter how to find a way, funds are essential.

"No problem!" Chen Hao nodded directly.

Wu Wenhui was relieved when he heard the words. Previously, Qidian had internal discussions and felt that 1000 million plus Qidian’s own profit should be able to stabilize its position, but he was worried whether Chen Hao would cut the budget.

Now Chen Hao directly nodded in agreement, and Wu Wenhui couldn't help laughing. In 2005, it is very likely that the two powers will compete for hegemony, and even the Romance of the Three Kingdoms cannot relax at all.

Qi Dian is obviously not yet at the point of sitting firmly on Diaoyutai!
"Next, let me report on the development of Haotian Cinemas and theater chains. Last year, Haotian Cinemas built three new five-star cinemas in the three first-tier cities of Didu, Yangcheng and Pengcheng.

A total of 7 multi-functional theaters have been built in Rongcheng, Jiangcheng, Fengtian, Yuhang, Pengcheng and Shancheng, but these are all joint ventures with Huaying and Sony Columbia.

Our investment ratio only accounted for 1800%, and the total cost was about [-] million RMB!

Now, Haotian Cinemas has a total of 56 theaters and 254 large screens. At the same time, two theaters joined Haotian Cinemas last year.

At this time, Haotian Cinemas has a total of 86 theaters, with a total of 360 big screens!The scale of Haotian Cinemas still ranks third in the country!

At the same time, the box office revenue of Haotian Cinemas in 2004 totaled about 5500 million yuan, a year-on-year increase of 122.22%, and it also ranked third in the theaters' revenue!
In addition, there are snacks sold, advertising space rental, pre-screening advertising fees and other income totaling 450 million.

After deducting all expenses such as theater construction investment, taxes, and labor costs, the total profit is 1650 million RMB!

As for this year, there is no plan to build a new theater for the time being. The main thing is to train new employees to get the newly built theater on the right track as soon as possible. "Chen Xiangang said.

Chen Hao nodded when he heard the words. It was Chen Hao's decision not to build new theaters, because this year the state will adjust the proportion of investment in theaters.

Last year, in order to stimulate the development of the film industry, the state released restrictions on private and foreign investment in theater investment. In pilot cities, foreign capital can account for up to 75% of the shares!

The effect is also very significant. A number of foreign-funded enterprises such as Warner, Sony Columbia, Paramount, and South Korea's CJ Group have entered the mainland cinema market.

It's just that the proportion of foreign capital holdings in the second half of this year will return to the 2003% before grandma in 49. This will undoubtedly greatly discourage the enthusiasm of foreign-funded enterprises to enter the mainland cinema market.

At that time, many foreign-funded enterprises should have chosen to leave the mainland, and then it was time for Chen Hao to pick up the leaks!
"That's right, Haotian Cinemas needs to digest it well now before it can continue to grow." Chen Hao laughed.

(End of this chapter)