Reborn in Hong Kong as a Tycoon

Chapter 608 Corporate Annual Report for [-] ([-])
Lin Baicheng and Guan Zhilin left Huo's house after nine o'clock.

"Brother Lin, I won't go back tonight, can you accompany me?"

In the extended Lincoln driving, Guan Zhilin begged and shook Lin Baicheng's arm.

"Okay!"

Faced with Guan Meiren's invitation, Lin Baicheng couldn't refuse.

"Great!"

Guan Zhilin cheered.

"You little pervert."

Seeing this, Lin Baicheng couldn't help but hugged Guan Zhilin and sat on his lap, kissing her cherry lips.

Guan Zhilin responded enthusiastically, and when she realized that a hand was reaching into the hem of her skirt, she shook her waist to cooperate.

"Hmm~"

With his lips parted, Guan Zhilin tightly wrapped his arms around Lin Baicheng's neck, his body tensed, and he closed his eyes and moaned softly.

In the car, Lin Baicheng and Guan Zhilin didn't have real swords and guns, they just had fun.

After arriving at Lin Baicheng's villa for Guan Zhilin, Guan Zhilin hastily called his family and told him that he would not go back to stay overnight. Lin Baicheng also called his family at this time.

After finishing the call, Lin Baicheng picked up Meiren Guan and walked to the master bedroom on the second floor of the villa.

Lin Baicheng and Guan Zhilin did not use contraception, because Lin Baicheng already knew that it was not so easy for a woman to conceive a child, so naturally there was no need for contraception, and if contraception was used, playing would not be as enjoyable as it is now.

If Guan Zhilin was really pregnant, Lin Baicheng didn't think there was anything wrong with it.Zhu Linlin is already a mother of one child, but she is only two years older than Guan Zhilin. In this day and age, there are many girls who get married and have children at the age of 18.

In earlier times, it was normal for women to marry and have children at the age of 16 or even 14, and society is constantly changing.

The next day was Saturday, and Lin Baicheng was fine. He accompanied Guan Zhilin in the morning and left the villa after lunch, and Guan Zhilin also went home.

When he returned to Repulse Bay Villa, Lin Baicheng discovered that Cheng Yufeng was there, playing mahjong with Lin Shufang, a woman about his mother's age, and his mother Zhao Huilan.

In Xiangjiang, playing mahjong was very popular. Before Lin Baicheng made his fortune, his mother Zhao Huilan would play mahjong with her neighbors from time to time, but because the store was busy, she didn’t have much time to play mahjong every day, and because of the limited conditions, she played mahjong. The ones are not big either.

"Son, you're back."

Zhao Huilan beckoned to Lin Baicheng.

"Mom, sister, and Yufeng."

Lin Baicheng greeted his mother aloud, and when he came to his mother, he looked at the woman sitting opposite: "Who is this?"

Zhao Huilan immediately said: "This is Yufeng's mother, Aunt Qiu Haifen Qiu."

"Hello, Aunt Qiu."

Lin Baicheng greeted immediately, this was the first time he saw Cheng Yufeng's mother.When he asked people to investigate Cheng Yufeng's family situation before, he didn't ask for everyone's photos, so he only knew Qiu Haifen's name.

"Hello."

Qiu Haifen didn't dare to neglect, she knew that Lin Baicheng was the richest man in Xiangjiang, and he had a great say in the Lin family.

"Mom, play mahjong, I'm going to the study."

Lin Baicheng said that Qiu Haifen was only Cheng Yufeng's mother, not his Lin Baicheng's mother-in-law, so he didn't need to be too enthusiastic.

Zhao Huilan said aloud: "It's Saturday and you're still so busy, don't be too tired, remember to rest more."

"I know, Mom."

Lin Baicheng responded, greeted the other three and left.

After coming to the study, Lin Baicheng took the annual report and read it seriously.

On the Xiangjiang side, companies under the name of Lin Baicheng include Galaxy Game Company, Galaxy Financial Group, Asia Star Media Group, Jupiter Toys, Hutchison Whampoa, HK Electric Group, Qizhou Yingni Company, Galaxy Semiconductor, Jinxing Electric Company, Xingyue Electronics Game companies, longevity medicine and biological companies, etc.

Xiangjiang also has Sino-Ocean Import and Export Trading Company and Xiangjiang Airlines as joint ventures. Among them, Xiangjiang Airlines is just a shell, so it is impossible to have an annual report.

Among them, Galaxy Financial Group has three companies, namely Galaxy Bank, Yum Securities and Galaxy Insurance.

Asia Star Media Group has companies such as Asia TV, Star Films, Star Cinema, Asia Star Records, ATV News, Star Daily, Movie Biweekly, Star Printing House, Sanwei Bookstore (Publishing House), and some companies that need to participate in business because of business needs. company shares.There are not many shares in these shares, and the company's control is not in the hands of Asia Star Media Group.

The first thing Lin Baicheng picked up was the annual report of Galaxy Games Company.

Unlike the year before, Lin Baicheng not only spun off the console business from Galaxy Games last year, but also listed the company. Now he only holds 59% of the shares of Galaxy Games.

However, before going public, Lin Baicheng sold 20% of Galaxy Games’ shares, with a transaction volume of US$4.94 million and an after-tax income of US$4.75 million.Compared with when he founded the company in 77, he earned too much, not to mention he still holds more than half of the company's shares.

In 1978, the arcade business of Xinghe Game Company had a profit of US$3 million, but because of too much investment in console research and development, the net profit was only HK$5 million.

In 1979 last year, the games of Xinghe Game Company were as popular as ever, so this year's profit reached a new high. In addition, the authorization of anti-piracy software also made some profits. In the end, the company's profit was as high as 4.3 million U.S. dollars.

Galaxy Games raised US$6.4 million in IPO, and got US$6.144 million in hand, but paid out US$3 million for dividends, so only a little over US$3 million was left.Then, the company either builds or buys a building as its headquarters in Tokyo, Xiangjiang, and Los Angeles, and the expenditure here will be 1.5 million US dollars.

The research and development of game software and host hardware, the expenditures for establishing channels to increase profits, various operating expenses such as employee salaries and bonuses, and various expenses such as taxation. The various expenses of Galaxy Games last year were quite a lot. More than 8000 million US dollars.

The bulk of the various expenditures are hardware R&D investment. Lin Baicheng asked Xinghe Game Company to develop arcade machines with better performance. Of course, the company's management dare not neglect.

When Xingyue Electronic Game Company was spun off, Lin Baicheng did not leave much cash for Xinghe Game Company, so Lin Baicheng transferred US$4.3 million of the US$8000 million profit in May.

This annual report is for Lin Baicheng. In the annual report released by Galaxy Games, the company will also report an operating profit of 4.3 million US dollars in order to make the annual report look good, but the 8000 million US dollars will be balanced out in various expenses.

Lin Baicheng transferred the money before selling the company's shares, so there is no problem.The company's annual report is also approved by the board of directors, and the directors on Wall Street also know that the company's management does this for the sake of the annual report, so no one has any objections.

As a result, as of the end of last year, Galaxy Games had $4.2 million in its account.However, this is the book funds. Some of the funds have not been recovered. It will take some time for the relevant companies to transfer the money to the account of the Galaxy Game Company. Galaxy Game Company also has some arrears that have not been paid to the relevant companies.

This is how a business operates. It will be owed money by other companies, and it will also be owed money to other companies.

This has nothing to do with whether the company has money or not. Taking Xinghe Game Company as an example, the company purchases raw materials and pays part of the debt. In this way, if there is a problem with the company’s raw materials, the company has not paid part of the money, and the initiative lies with Xinghe Game Company. hand.

What's more, even if there is no problem with this transaction, Xinghe Game Company pays the balance a few months later, and then deposits this part of the balance in the bank, can it earn part of the interest?
Don't look at the interest of about three or four thousandths a month, if the principal is tens of millions or hundreds of millions of dollars, the interest will be quite a lot.

Galaxy Games’ annual report this year is very good, even better than last year, and its revenue and profit are higher than most Wall Street institutions predicted. Therefore, after the company’s annual report was released, the stock price was immediately hyped by Wall Street institutions.

Although Lin Baicheng has only seen the annual report now, the annual report released by Galaxy Games was released in mid-January.

Now, the stock price of Galaxy Games has risen to 43.3 US dollars, and it is sprinting towards the target price of 50 US dollars issued by Wall Street institutions when the company went public.

However, after Galaxy Games released its annual report, Goldman Sachs and other Wall Street institutions immediately raised their target prices for Galaxy Games, mostly at $60, with the highest at $72.

Based on the total share capital of 2 million shares of Galaxy Games, according to the research reports of Wall Street institutions, the reasonable market value of Galaxy Games exceeds 120 billion US dollars.

Compared with the company's current stock price, the potential meaning of Wall Street institutions is to let shareholders buy quickly, and the current valuation is still very low.

Goldman Sachs and other institutions have really put a lot of effort into hyping up the stock price of Galaxy Games. As shareholders, they are very clear about the company's situation. Therefore, when Lin Baicheng was still in New York, the director representing Goldman Sachs had already contacted him to discuss the company's further development. A large dividend will be distributed in a few months, and another 3 million US dollars will be used for a large dividend.

Regarding the purpose of Goldman Sachs and other institutions, Lin Baicheng is very clear that they are going to sell their shares after the six-month sales restriction period arrives. Before that, of course, there must be benefits to drive up the stock price, and a large dividend is a huge benefit.

Lin Baicheng did not object to this, and directly agreed.Anyway, it is American stockholders who are getting the leeks. He can get nearly 3% of the dividend of [-] million US dollars. After the stock price rises, he can also reduce part of his holdings without any loss.

Last year, excluding the current holdings, Lin Baicheng received cash from Xinghe Game Company of US$20 million for selling 4.75% ​​of the shares and US$3 million for US$1.77 million in dividends, for a total of US$6.52 million.

In addition, there are anti-piracy software patent licensing dividends, and bonus dividends for the chief designer of arcade games such as "Xiangjiang Square", "Pac-Man" and "Tank War", which add up to nearly 2000 million US dollars.

As the chief designer, Lin Baicheng can get a 2% revenue commission for arcade games, which is the highest salary for the company's game software R&D department.

When Xinghe Game Company was still Lin Baicheng's own company, of course there were no such things. Later, when the company was going to be listed, his remuneration had to be clearly defined. It was impossible for him to work for the company for nothing.

"Boom! Boom!"

There was a sudden knock on the door.

"Who!"

Lin Baicheng shouted.

"Brother, it's me."

Lin Shufang's voice sounded outside the door.

"Sister, wait a moment."

Lin Baicheng got up and went to open the door.

"Sister, aren't you playing mahjong with mom?"

"Mom just answered the phone."

Lin Shufang signaled Lin Baicheng to close the door, and then said, "Brother, let me ask you something, will Yufeng often work overseas in the future?"

"more or less."

Lin Baicheng nodded: "Watsons is now expanding overseas markets. He is the vice president in charge of Watsons. If he wants to make achievements, he, the vice president, must of course do it himself."

Lin Shufang listened and said: "Brother, can you transfer him back? He is often not in Xiangjiang now, and it will take a long time for me to meet him."

"Sister, is this your idea or Yufeng asked you to say it?"

Lin Baicheng frowned. If it was Lin Shufang's idea, it would be fine. If it was Cheng Yufeng who wanted to be transferred back, no matter what the reason was, then he had to think carefully about whether Cheng Yufeng could be reused.

Lin Shufang shook her head when she heard the words: "Yufeng doesn't know about this."

Lin Baicheng looked at his sister Lin Shufang, he believed that Lin Shufang would not lie to him on this point, so he said: "Sister, my original arrangement for Yufeng was that after he made achievements in Watsons, I would arrange for him to pick up Wei Li class. If he is transferred back now, it will not be so easy for him to make achievements."

"Forget it, I will find an opportunity to let him take charge of other business, as long as he can make achievements, it will be the same."

Lin Baicheng doesn't think that Watsons has to be Cheng Yufeng. For the sake of the happiness of the old lady, it is true that the replacement may cause some problems, but the happiness of the old lady is more important.

"No, I still don't want it."

Lin Shufang immediately stopped it when she heard the words: "Since it is related to his future, forget it, we will arrange a good time."

"Sister, are you sure?"

Lin Baicheng asked aloud.

Lin Shufang nodded heavily: "Well, I don't want to affect his future because of my relationship."

"Sister, I arranged for Yufeng to take over Wei Li's class because of you. Otherwise, at his age, he would have to work hard for at least ten years before he can hope."

Lin Baicheng reminded him aloud that he wanted to let his sister Lin Shufang know that she had already helped Cheng Yufeng a lot. Even if she made Cheng Yufeng lose an opportunity this time, she would still help Cheng Yufeng even more.

"Thank you, brother, I see."

Lin Shufang nodded to express her understanding, and then said: "I'll go down first, brother, just pretend that I haven't been here just now, and I haven't said those words."

"Sister, I respect your choice."

Lin Baicheng nodded, since this is Lin Shufang's choice, he will not be troublesome.However, when Cheng Yufeng went to the United States, he could arrange for Lin Shufang to go to an overseas company for a surprise inspection, and let her meet Cheng Yufeng by the way.

Although Lin Baicheng, an American company, has arranged for Haruko Mori to supervise and find a top-ranked accounting firm to audit, but no one can guarantee that there will be no problems. It is also a good thing to arrange Lin Shufang's surprise inspection.

(End of this chapter)