Reborn in Hong Kong as a Tycoon

Chapter 610 Corporate Annual Report for [-] ([-])
Hong Kong Electric Group, Lin Baicheng acquired it in the middle and late September of 1978. The company's net profit in 78 was 2.3 million Hong Kong dollars.

Although the shareholding of Hong Kong Electric Group has undergone significant changes today, and the shares are concentrated in Lin Baicheng and Yingyao, a British-funded company, the competition between British Capital and Lin Baicheng for the controlling stake in Hong Kong Electric Group took place in December 79.

Therefore, the competition between Lin Baicheng and British capital for the controlling stake in HK Electric Group did not affect the performance of HK Electric Group in 1979.

In 1979, Hong Kong Electric Group issued additional shares to Lin Baicheng when it was acquired in 78, and obtained a large amount of funds. These funds were used to build power plants and replace old wires. The investment in 78 benefited in 79 years.

In 79, Hong Kong Electric Group not only benefited from the power generation business, but also benefited from the real estate business due to the increase in the overall real estate of Xiangjiang. These two main businesses have been significantly improved in this year.

Therefore, the net profit of Hong Kong Electric Group in 1979 exceeded 4 million Hong Kong dollars, up to 4.15 million Hong Kong dollars, a growth rate of 80% compared with last year.

Of course, this is the annual report for Lin Baicheng, and the HK Electric Group's annual report will naturally not be this one.

At present, Hong Kong Electric Group has not released its annual report. Lin Baicheng will only suppress the stock price of Hong Kong Electric Group, and will not increase the company's stock price. Therefore, in the annual report released by Hong Kong Electric Group, the company's net profit this year will definitely decline sharply.

Whether it is investing in power plants in the Mainland or investing in real estate business in Hong Kong, as long as the management is willing, they can offset the relevant investment through accounting to offset the profits of HK Electric Group in 1979, so as to achieve the purpose of reducing profits.

If it is ruthless enough, don’t look at the net profit of Hong Kong Electric Group this year breaking through more than [-] million Hong Kong dollars, but Lin Baicheng can make the annual report of Hong Kong Electric Group show that the company suffered a loss last year.

This is not Lin Baicheng's removal of HK Electric Group's funds. If he dares to do this, British Capital will definitely not let him go. Doing so will not affect the interests of HK Electric Group. Without worrying about other shareholders, Lin Baicheng thinks Just do it, and there is no way for British capital.

The HK Electric Group's profit growth rate last year was quite high, and its performance was very good. Not surprisingly, the company's performance this year will not be bad. Lin Baicheng is satisfied with this.

Although he intends to teach British capital a lesson from HK Electric Group, Lin Baicheng does not intend to turn HK Electric Group into rubbish. If this is the case, his loss will be even greater.

Lin Baicheng is also planning to develop the HK Electric Group, but he will continue to suppress the stock price. He will never let the British capital easily withdraw from the HK Electric Group before the British capital pays the price.

It’s just that teaching British capital should be a lesson to British capital, the company still needs to develop, otherwise Lin Baicheng’s 30 billion Hong Kong dollars in Hong Kong Electric Group will be wasted, no matter how rich he is, he can’t do this.

What's more, although Lin Baicheng is very rich because he has made a lot of money by being long gold futures, 30 billion Hong Kong dollars is not a small sum for him, and he will still feel heartbroken if he loses it all.

"British capital will definitely not give up, and will definitely find a way to interfere with the management and operation of Hong Kong Electric Group. This year, I have to pay more attention to Hong Kong Electric Group."

Lin Baicheng secretly thought in his heart, think differently, if he is a British capital, he will not give up easily, so he should be more careful about the British capital, and pay more attention to HK Electric Group this year.

After all, British capital is the major shareholder of Hong Kong Electric Group. If he, the chairman, often does not manage Hongkong Electric Group, Levi's and others will definitely not be able to compete with British capital. After all, they are just senior wage earners.

Soldiers against soldiers, generals against generals, Lin Baicheng must block the British capital, so that the pressure on the subordinates will not be so great.

Next is the annual report of Qizhou Yingni Company.

Not counting several shell companies, Qizhou Yingni Company can be said to be the company with the smallest assets under the name of Lin Baicheng.

Lin Baicheng privatized and delisted Qizhou Yingni Company with a capital of less than 1.5 million Hong Kong dollars. The company's revenue in 78 was 1.14 million Hong Kong dollars, with a profit of 1750 million Hong Kong dollars and a net profit of less than 1500 million Hong Kong dollars.

Last year in 79, Qizhou Yingni Company began to sell cement at a reduced price in accordance with Lin Baicheng's order, in order to squeeze the remaining few cement companies and achieve the goal of monopolizing the Xiangjiang cement market.

However, last year, the development of Xiangjiang real estate industry was good, so more real estate projects were built, and the cement industry benefited from it. Therefore, the tonnage of cement sold by Qizhou Yingni Company last year had a relatively large increase.

Therefore, although Qizhou Yingni Company lowered the cement price last year, the company’s revenue last year increased to 1.38 million Hong Kong dollars, but the profit was only 1860 million Hong Kong dollars, and the net profit was only 1550 million Hong Kong dollars. Compared with the previous year It didn't grow much.

Last year, Qizhou Yingni Company went to Shekou to invest in the construction of a cement factory, but the factory had just been built not long ago, and the business had just started, which did not bring much profit to the company.

In addition, Lin Baicheng also injected 1 million Hong Kong dollars into Qizhou Yingni Company, which was used by the company to purchase the land in Tianshuiwei.He knew that [-] million Hong Kong dollars was not enough, but he only injected capital after thinking that it would not be enough. He never thought that the acquisition of the land was not smooth, and the [-] million Hong Kong dollars had not been spent at all.

At present, Lin Baicheng is communicating with the Hong Kong government, hoping to cooperate with the Hong Kong government to acquire the land in Tin Shui Wai, and the Hong Kong government will take over the entire land, and then develop a new town together with the Hong Kong government.

If it is carried out according to the plan, the investment will be huge, but the harvest will be huge when the time comes.

This is a big project, and it cannot be settled with a few words between Lin Baicheng and Mai Lihao. There is not much progress yet, and it will take time to do related work with the Hong Kong government.

Speaking of it, the annual profit of Qizhou Yingni Company is about 1500 million Hong Kong dollars, and it will take ten years for Lin Baicheng to pay back his investment. It seems that this is not a good business.

However, Qizhou Yingni Company has a large piece of land in Hung Hom. After the negotiations between China and Britain on the return of Hong Kong lead to the collapse of the real estate industry, Lin Baicheng can take the opportunity to ask Qizhou Yingni Company to change the land in Hung Hom. attributes, at that time, only a small fee will be paid, and then the development will be carried out, which will bring a lot of profits to Lin Baicheng at that time.

At that time, the profit is expected to be several billion Hong Kong dollars. If Qizhou Yingni Company sells cement, it will take many years to earn so much.

Therefore, Lin Baicheng doesn't care about the fact that Qizhou Yingni Company's annual profit is not very large. What he values ​​is the benefits that this company can bring to him in a few years, and the importance of the company's cement business to the real estate industry.

Once Qizhou Yingni Company can monopolize the Xiangjiang cement industry, then any real estate company must give Lin Baicheng some face.Although he is already the richest man in Xiangjiang and his social influence has greatly increased, similar assistance can increase his influence and his social status in Xiangjiang.

Then there is Galaxy Semiconductor, which has subsidiaries in the United States and Japan, but the subsidiary in Japan is still too small, and it is also called Galaxy Semiconductor, but the subsidiary in the United States is not small, and the company name is Galaxy Semiconductor.

Galaxy Semiconductor was established by Lin Baicheng at the end of 78. At that time, it could be said that it was a shell company. Galaxy Semiconductor was formed by the technology that Lin Baicheng acquired from Intel and Texas Instruments. Lin Baicheng spent a total of 2.69 million US dollars for this.

Because it was acquired at the end of the year, Galaxy Semiconductor's revenue and profit are negligible, and Galaxy Semiconductor has no revenue or profit.

In 79 last year, Yinhe Semiconductor was officially merged into Galaxy Semiconductor and became a subsidiary of Galaxy Semiconductor.

Galaxy Semiconductor sold a lot of its own products last year due to the huge sales of Xinghe Game Company's arcade machines and Xingyue consoles, so its revenue and profit were not low.Revenue was $1.2 million and profit was $3500 million.

As for Galaxy Semiconductor, Galaxy Semiconductor is a subsidiary of Galaxy Semiconductor, and its revenue and profit are naturally Galaxy Semiconductor's.

As for net profit, it depends on how to calculate it.

If only employee salaries, utilities and other expenses are deducted, Xinghe Semiconductor will still have a net profit of about 2400 million US dollars in the end.

But if the company's investment in the past year is counted, then it is impossible to make money at all.

Galaxy Semiconductor invested as much as US$2.2 million last year, including US$4000 million for the acquisition of third-rate display panel technology and production lines, and US$1.8 million for laboratory construction, talent recruitment, advanced equipment procurement, technology research and development, etc. .

Of course, Galaxy Semiconductor’s total investment of 2.2 million U.S. dollars includes Galaxy Semiconductor’s investment, and Galaxy Semiconductor’s chip technology research and development, equipment procurement, talent recruitment, etc. also cost money.

The two sides together invested 1979 million US dollars in 2.2, a total of more than 2000 million Hong Kong dollars, and the company's net profit of more than [-] million US dollars was simply useless.

A lot of investment was made in 79, but it was difficult for Xinghe Semiconductor to produce results in 80. The research and development of technology is not enough for one year, it takes time to accumulate. If you are lucky, you can get a lot of results in one year, but this The possibility is very small.

Therefore, Galaxy Semiconductor invested 79 million U.S. dollars in 2.2, and will continue to invest in 80 this year, and will continue to invest next year and the next year. However, the purchase of equipment in the early stage is a big part, and it does not need to spend too much on equipment investment this year and later. Money, the annual investment should not be as much as last year.

Calculated, Lin Baicheng spent 2.69 million US dollars to acquire Galaxy Semiconductor, and Galaxy Semiconductor invested another 2.2 million US dollars last year, adding up to a total of nearly 5 million US dollars, which shows that semiconductors are burning money.

Real cash investment, Lin Baicheng spent 2.69 million US dollars to acquire Galaxy Semiconductor, and injected 5 million Hong Kong dollars into Galaxy Semiconductor.Galaxy Semiconductor borrowed HK$10 billion from HSBC. This three-year loan only has 5% annual interest, so the company still has a lot of funds left.

From HSBC's loan plus the company's profit last year, Xinghe Semiconductor still has more than 80 million Hong Kong dollars left, plus the profit that the company can create this year, Lin Baicheng feels that he should not need to inject funds into Xinghe Semiconductor in [-], even if there is a difference Not much more.

Lin Baicheng has made a lot of money by being long on gold futures. He plans to spend some funds to continue investing in the semiconductor industry. However, the semiconductor industry is not limited to display panel and chip technology. Even if he wants to invest, he will invest in new industries and acquire technologies separately.

What's more, the research and development of mobile phones also needs to invest a lot of money. Lin Baicheng's own biomedical research starting this year will also spend a lot of money, so there are many places to spend money.

Gold Star Electric Co.

In 78, it was still an empty shell company. Lin Baicheng bought the TV manufacturing department from General Electric in February 79 and established a subsidiary, Jinxing TV. At this time, Jinxing Electric Company was no longer an empty company. shell.

Afterwards, Jinxing Electric Company successively acquired patented technologies and production lines for air conditioners, refrigerators, washing machines, etc., plus the construction of factories, spending a total of 4000 million U.S. dollars.

It cost 1.2 million US dollars to acquire Jinxing TV, 3000 million US dollars of capital injection after the acquisition, 4000 million US dollars for other technologies and factory construction, and the investment here is 1.9 million US dollars.

Of course, these are not the total investment. Although Jinxing Electric Company has not acquired technology, the production of these electrical appliances will definitely cost money to buy raw materials. .

Therefore, Lin Baicheng invested another 5000 million Hong Kong dollars later, adding up his total investment in Jinxing Electric Company to 8.5 million Hong Kong dollars.

In 1979 last year, Venus Electric’s revenue was US$5600 million, mainly contributed by Venus TV Company, with a profit of US$1480 million. After deducting expenses such as factory water and electricity, employee salaries, etc., the net profit was only US$960 million, which was not yet to $1000 million.

Jinxing Electric Company’s revenue and profit last year were not high, but this is something that can’t be helped. The company currently only has a market in North America for the TV sets of Jinxing TV Company, and other electrical appliances are also sold in Xiangjiang. Overseas markets still need to be developed by the company. Just expand.

There are two main goals of Jinxing Electrical Appliance Company at present. One is to open up the market, so that the electrical appliances produced by the company can be digested; the other is to update the existing technology and develop better technology. Only better technology In order to produce better electrical appliances, it is easier to sell them.

Compared with Lin Baicheng's investment in Jinxing Electrical Appliance Company, the profit created by Jinxing Electrical Appliance Company is not high. Fortunately, Lin Baicheng never thought that the electrical appliance company could create a large amount of profit for him in a short period of time. He is optimistic about the long-term future.

The electrical appliance industry is closely related to the social and economic level. The better the economy, the higher people's income will be to have money to enjoy life and buy electrical appliances.

Now that we have just entered the 80s, even the American economy is not very good in this era, and people's income level is not very high.

If the U.S. economy is good, it will not count Japan five years later, force Japan to sign the Plaza Accord, cut flesh from Japan, and let the domestic economy recover.

Lin Baicheng is optimistic about the future of the electrical appliance industry. As people's economic level gets better and better, Jinxing Electric Appliance Company, which is gradually occupying the market, will surely create a lot of profits for Lin Baicheng in the future.

Of course, the company must survive and occupy the market.Even if it doesn't become the industry leader, at least it must be the first-class in the industry, otherwise it will not be so easy to reap profits after the economy improves.

(End of this chapter)