Reborn in Hong Kong as a Tycoon

Chapter 393 78 Year-End Summary (Two in One)

The 1978 annual reports of each company are in Lin Baicheng's hands, and he has read them all, so he has a clearer understanding of the development of each company in 1978.

At the same time, Lin Baicheng began to calculate his other income in 1978.

When Hutchison Whampoa was shorted by Li Jiacheng and Feng Jinxi for the first time in 1978, Lin Baicheng approached Iwasaki Fenglong to cooperate, and the two made a lot of money by going long Hutchison Whampoa.At that time, it was Iwasaki Mineryu who contributed the capital, but in the end the profits were shared equally between Lin Baicheng and Iwasaki Mineryu.

At that time, the two made a profit of 24.795 billion Hong Kong dollars, which was the profit after tax. Lin Baicheng received 12.4 billion Hong Kong dollars at that time.

In addition, Lin Baicheng himself also transferred 5.103 million Hong Kong dollars from Galaxy Games Company to Yum Securities at that time. He also bought the bottom at a low level and went long Hutchison Whampoa. The after-tax profit at that time was [-] million Hong Kong dollars.

The 5.103 million Hong Kong dollars is the after-tax profit, and the more than 5000 million Hong Kong dollars in taxes to be paid will be placed in Yum Securities and handed over to Anyuan for their operation, and they will report and pay taxes at the end of the year.

Adding up the two sides, the first time Hutchison Whampoa was shorted, Lin Baicheng's profit was 17.503 billion Hong Kong dollars. These are after-tax profits.

Later, due to the adjustment of the international gold price, Lin Baicheng made a profit of 4.22 million Hong Kong dollars by operating Goldman Sachs' long gold futures.

Then Bao Yugang asked Lin Baicheng to help buy Wharf stocks. Although Jardine's increase in holdings later changed the plan, Lin Baicheng bought a lot of stocks at a low price at the beginning. Later, Bao Yugang joined in the acquisition of Wharf , sold at a high stock price, and made a profit of 4400 million Hong Kong dollars after tax, a small profit.

After that, Lin Baicheng settled the profit of long gold futures. The after-tax profit of the Goldman Sachs channel was 9.92 million US dollars, the after-tax profit of the London channel was 7200 million US dollars, and the after-tax profit of the Tokyo channel was 7360 million US dollars. The total after-tax profit of 11.376 billion US dollars is the profit of Lin Baicheng's own capital investment, and has nothing to do with the company.

11.376 billion US dollars, if converted into Hong Kong dollars, it is 47.7792 billion Hong Kong dollars, which is not far from 50 billion Hong Kong dollars.

The last big profit was when Hutchison Whampoa was shorted. This time it was shorted by many British-funded families. Lin Baicheng used a principal of 1978 million US dollars to buy the bottom of Hutchison Whampoa’s stock through the channel of an offshore company, because there was no timing in 5910. The profit in cash is [-] million shares of Hutchison Whampoa.

Of course, it is now January 1th, and the Hutchison Whampoa stocks in the hands of offshore companies have been slowly sold, and a lot of funds have been withdrawn, but it is really calculated according to the time until the last day of 20. Only stocks are profitable, not cash.

Throughout 1978, Lin Baicheng made a lot of profits, but also invested a lot.

First of all, Lin Baicheng's ten companies in Xiangjiang, including Galaxy Games, Yum Securities, Asia TV, Jupiter Toys, Hutchison Whampoa, Star Pictures, Star Cinemas, Galaxy Bank, Hong Kong Electric Group, Qizhou Yingni Company, Galaxy Semiconductor, and Venus Electronics. Among the two companies, except Galaxy Games, Yum Securities, Asia Television and Jupiter Toys, all of them were established in 1978.

Among these companies, Lin Baicheng spent a lot of money on acquisitions and capital injections.Hutchison Whampoa 12.02 billion Hong Kong dollars, Star Films 2000 million Hong Kong dollars, Star Cinemas 1.7 million Hong Kong dollars, Galaxy Bank 1 million Hong Kong dollars, HK Electric Group 17.5 billion Hong Kong dollars, Chizhou Yingni 1.482 million Hong Kong dollars, Galaxy Semiconductor 11.298 billion Hong Kong dollars, Venus Home Appliances 5460 million Hong Kong dollars.

In addition, four companies, Galaxy Games, Yum Securities, Asia Television and Jupiter Toys, Lin Baicheng also invested, Yum Securities invested 5000 million Hong Kong dollars, Asia Television followed up with a capital injection of 1 million Hong Kong dollars, and Jupiter Toys followed up with a capital injection of 4380 million Hong Kong dollars.

If all the investments are added up, Lin Baicheng's investment in various enterprises in Hong Kong is 47.684 billion Hong Kong dollars.

These are companies in Hong Kong. Among the Bailong Commercial Association, Zhiyin Comics Publishing Company and Baihuifeng Co., Ltd. in Japan, Zhiyin Comics was acquired in 77 and invested 78 million Hong Kong dollars in 5000.Bailong Commercial Association invested 1 million US dollars, and Baihuifeng Co., Ltd. only invested 800 million Hong Kong dollars.

In 1978, Lin Baicheng invested 4.78 million Hong Kong dollars in three Japanese companies.

Among the New Century Software Company, Starlight Company, Morningstar Pictures, Galaxy Semiconductor, Zhonghe Game Company, Golden Fleece Company, and Marvel Comics in the United States, Marvel Comics was acquired in January 79, so there is no need to count.

New Century Software Company was established in 77, and the company did not invest in 78.Starlight invested US$5000 million, Morningstar Pictures US$5000 million, Galaxy Semiconductor US$1000 million for renting office space and recruiting personnel, Zhonghe Games invested US$400 million, and Golden Fleece invested US$8 million in principal.

The investment of American companies is 9.14 million US dollars, which is 38.388 billion Hong Kong dollars when converted into Hong Kong dollars.

The total investment of Xiangjiang, Japan and the United States is 90.852 billion Hong Kong dollars, which is nearly 91 billion Hong Kong dollars.

In 1978, Lin Baicheng's investment income was 69.942 billion Hong Kong dollars, but his investment expenditure was 90.852 billion Hong Kong dollars, a difference of 20.91 billion Hong Kong dollars.

However, there are other things that have not been calculated here. Lin Baicheng’s initial loan of 250 million Hong Kong dollars and the loan of 3000 million Hong Kong dollars from Standard Chartered were also repaid in 1978. These are also counted as expenses, so the difference should be added to the difference, and the total difference is 21.235 billion Hong Kong dollars.

Lin Baicheng borrowed 77 million US dollars from Goldman Sachs in 1, and the 1 million US dollars was also placed in Goldman Sachs' long gold futures account as the principal, so the offset between the two does not need to be calculated.

In order to acquire the 3 million Hong Kong dollars loaned by Wharf from Standard Chartered, it was later used to acquire Hutchison Whampoa, but because Standard Chartered was on the side of the British family when they shorted Hutchison Whampoa, Lin Baicheng fell out with Standard Chartered, so The loan was returned to Standard Chartered, and the entry and exit were nothing more than paying some interest, so there was no need to calculate it.

Lin Baicheng also has two large loans, namely a US$2.5 million loan from Mitsubishi Bank and a HK$10 billion loan from HSBC. Except for the US$1 million that was placed in the account of Mitsubishi Bank for long gold futures, these loans can be counted as Income is revenue, a total of 16.3 billion Hong Kong dollars.

Calculated in this way, Lin Baicheng is still short of 5 million Hong Kong dollars, which is not enough at all.

Fortunately, Lin Baicheng had more than 1977 million Hong Kong dollars in cash left in 5, so it was enough to offset the difference.

In this way, it seems that Lin Baicheng should have no cash to use now, but Galaxy Game Company made a profit of 1978 billion Hong Kong dollars in 12.8, and its expenditure was only about 7.5 million Hong Kong dollars, leaving more than [-] million Hong Kong dollars for Lin Baicheng to use .

What's more, a large number of Hutchison Whampoa stocks held by offshore companies have been sold, and a lot of funds have been withdrawn, let alone worry about running out of money.It's just that the income and expenditure in 1978 are now being calculated, so the money is not included in the calculation.

Of course, in terms of assets, Lin Baicheng also has a Boeing 747 private jet, three modified bulletproof extended Lincolns, a castle in London, 6 villas in Xiangjiang and Japan, 10 villas in the United States, and a 20-acre farm.

These assets are consumption tax avoidance. Even Lin Baicheng’s bodyguards and servants and other employment expenses are counted as tax avoidance. Hiring people to create jobs can naturally avoid tax. This is a tax avoidance method for professional accounting companies.

Generally speaking, in 1978, Lin Baicheng's assets and career took off tremendously, mainly relying on financial profits, and the billions of Hong Kong dollars in business operations could not support him to carry out such an exaggerated expansion.

For Lin Baicheng, 1978 is the past tense, and now it is 1979. What he has to do is to create a large amount of profits this year, laying a solid foundation for future investment in semiconductor and other industries.

Boom!Boom!
"Son, it's time to eat."

With the knock on the door, Mother Lin Zhao Huilan walked in.

"Mom, I'm going down right away."

Lin Baicheng put the annual report in the drawer, got up and tidied it up.

Zhao Huilan did not leave, but closed the door and walked in, saying, "Son, what did you and your sister say earlier?"

Lin Baicheng said: "My sister and I said that if they really like each other, then I will bless them."

"Then how do you know if Cheng Yufeng is sincere to your sister?" Zhao Huilan asked.

"Mom, I know what you're worried about."

Lin Baicheng walked over and said with a smile: "I have asked someone to secretly investigate Cheng Yufeng's private life. If there is no problem with his private life and he doesn't have a girlfriend now, then let's bless them. Is he sincere? We can't see it from the surface, as long as his character is fine, what do you think?"

"That's what you said, then do as you say."

Zhao Huilan thought for a while, then nodded slightly.

Lin Baicheng warned aloud: "Mom, I'll have someone investigate Cheng Yufeng, you and Dad can just mention it, but don't tell anyone else, no matter if it's a sister or a younger sister, you have to keep it a secret."

"Don't worry, we know that."

Zhao Huilan nodded to express her understanding. After all, it's not pleasant to let people investigate this kind of thing secretly, so it must not be known to others.

Lin Baicheng said: "After the investigation results come out, I will tell my parents. In terms of time, it may be a few days sooner, and it will be about a month or two or three months later."

"Okay, then your dad and I will tell us after you investigate clearly." Zhao Huilan said.

The two stopped talking about this topic, and went downstairs to the villa for dinner after leaving the study.

Not long after dinner, Lin Baicheng contacted Zhong Chuhong and asked her to go shopping together at night.

As the Spring Festival approaches at the end of the year, Lin Baicheng has many people who want to visit him before the New Year, and many people also want to visit him. It can be said that he will be quite busy in the next few days.

But no matter how busy he was, at noon the next day, Lin Baicheng still had time to drink coffee with Commissioner Henry of the police department and meet him.

This time, Lin Baicheng brought Qin Lan over. He wanted to recruit a few Flying Tigers or other elite police officers as bodyguards. He was the best match for the help of Director Henry. He could get information about the relevant elites from Henry, and then screen them. Selected targets send invitations.

This invitation is not 100% successful. Although the remuneration of the Flying Tigers and the police is not high, and even the Flying Tigers are a bit dangerous, some people just like to be the Flying Tigers and the police, and they don’t want to be a member of the Flying Tigers and the police, no matter how high the salary is. Rich man's bodyguard.

Of course, there must be fewer such people. After all, Xiangjiang under the jurisdiction of the United Kingdom is no different from capitalist countries. They all look at "money" and capital is the master. Most people work to earn more. Just a lot of money.

"No problem, give me a day or two, and I will send you the information of the person who meets Lin Sheng's conditions."

After learning that Lin Baicheng asked him for help, Henry agreed without thinking about it. It was really not difficult at all.As for the fact that police information is confidential, it depends on who it is. It is of course confidential to ordinary people, but not to rich people like Lin Baicheng.

"Henry, thank you very much, I will never forget this favor."

Lin Baicheng was not surprised, it was Henry who refused to help him that surprised and puzzled him.

"If I can make Lin Sheng you remember the favor, then I will make a lot of money this time."

Henry couldn't help grinning when he heard the words, Lin Baicheng is now the richest man in Hong Kong, with assets of more than tens of billions of Hong Kong dollars, a proper big capitalist, and it is definitely not a loss to get a favor from him.

"Lin Sheng, can I ask you a question?"

"Of course, you ask."

Lin Baicheng nodded.

Henry asked: "You said that the international gold price can break through to 300 US dollars per ounce, can it really rise that much?"

"Henry, I won't tell you too much about the basis of my judgment. Anyway, I firmly believe in this. At least I haven't lost money on my investment so far. Before I lose money, you can still trust me."

Although there were too many people asking himself this question, Lin Baicheng was almost impatient to be asked, but he still patiently explained.

"Lin Sheng, what you said is true, what you said is true."

Henry couldn't help but nodded when he heard the words. He felt that it was reasonable, and said immediately: "Lin Sheng, I want to invest a little more money in your fund. I don't know if I can?"

"It stands to reason that my fund has been closed and I will no longer accept funds, but Henry, you helped me with this favor, and I didn't refuse your reason. By the way, how much are you going to invest this time?"

Lin Baicheng pondered for a while, and agreed.

"I'm not as rich as Lin Sheng, just 200 million Hong Kong dollars."

The reason why Henry didn’t choose to invest in gold futures by himself was because he didn’t dare to use ten times leverage, and he didn’t know what price to buy or sell at all. In the field, it is better to hand over the money to Lin Baicheng. Although Lin Baicheng will take 50% of the share at most, it is more reassuring.

"Including the previous 200 million Hong Kong dollars, Henry invested a total of 400 million Hong Kong dollars. If Henry believes me, in two or three years, your 400 million Hong Kong dollars will definitely become tens of millions of Hong Kong dollars."

Lin Baicheng said with a smile, although he was helping Henry and other ghosts to make money, but developing in Xiangjiang, making friends with these people is only good for him and not bad for him.

"It would be great if it could be turned into tens of millions of Hong Kong dollars."

Hearing this, Henry couldn't help but be filled with anticipation. You must know that all his net worth is not as much as tens of millions of Hong Kong dollars. The black money he earned through hard work for so many years is only about 600 million Hong Kong dollars. In just two or three years, he can earn It's too easy for him to earn black money for so many years.

After Lin Baicheng and Henry chatted for a while in the coffee shop, they left separately.

(End of this chapter)