Reborn in Hong Kong as a Tycoon

Chapter 612 Corporate Annual Report for [-] ([-])
Finally, there is the annual report of Asia Star Media Group. The annual report of the entire group is composed of various subsidiaries.

Asia Star Media Group has subsidiaries such as Asia TV, Star Pictures, Star Cinema, Asia Star Records, ATV News, Star Daily, Movie Biweekly, Star Printing House, and Sanwei Bookstore (Publishing House).

Among them, the weekly magazines issued by Film Biweekly are related to movies and tend to be artistic, so the sales volume is not very high. Fortunately, the unit price of the magazines is not low, so the company will not be able to make ends meet.

Film Biweekly is still operating the "Asian Golden Dragon Awards", a film award for the Asian region, but it has been operating since 80, collecting excellent films released in Asian countries this year, and then officially holding the awards from the beginning of next year.

Therefore, although the current performance of Film Biweekly is not very good, the company has not invested much, and it is a company with barely a balance of income.

However, starting from this year, with the holding of the "Asian Golden Dragon Awards" film festival, the company must have spent a lot of money.After all, whether it is sending employees abroad to collect information on outstanding films, or inviting relevant film crews to Hong Kong to attend the awards ceremony, it will cost money.

Fortunately, the broadcast rights can be sold at that time, and some costs can be recovered to some extent, so even if there is a loss, it will not be a big loss. In addition, the holding of the film festival is beneficial to the entire media group, so this is a necessary expenditure.

In March 1979, the entire Asian Star Media Group borrowed 5 million Hong Kong dollars from HSBC, and this fund was distributed to the various subsidiaries below, of which Asian TV naturally accounted for the majority.

Asia TV itself still has a lot of funds left. With the group's capital injection again, the company has no shortage of money to spend. Needless to say, the upgrading of clothing, props and other equipment, even the budget of each TV series is much higher than before. An increase in the budget can improve the quality of TV dramas.

In this era, the quality of those popular TV dramas is already very high, let alone after being willing to invest in it.

In the year of 79, Asian TV has always suppressed TVB in terms of ratings. Most of the time, the ratings ratio was 7:3, and only a few programs could not compare with TVB.

The big investment certainly pays off.

However, in the annual report, it was reported that TVB TV stations have also begun to increase their investment. At present, it has been found that this trend has already occurred. Lin Baicheng is not surprised by this. After all, Run Run Shaw and others are not stupid. Rates definitely make a difference.

In 1979 last year, Asia Television's net profit was 3100 million Hong Kong dollars, which was 1300 million Hong Kong dollars higher than the previous year.

Star Films, the company shot a total of six films last year, of which Cheng Long starred in three, and the remaining three starred in others.

Two of these six films had a very good box office. The local box office in Hong Kong exceeded 600 million Hong Kong dollars, two more than 400 million Hong Kong dollars, and the remaining two only a little over 200 million Hong Kong dollars.

However, even with the lowest box office of about 200 million Hong Kong dollars, after deducting the share of the theaters, can it be said that Star Pictures, which has a million Hong Kong dollars, still makes money, but not much.

Of the six films produced by Star Pictures, only the three films starring Cheng Long cost more than 50 Hong Kong dollars, and the cost of the remaining three films was only 30 million Hong Kong dollars. This is the normal production cost of a film in this era.

In 1979, Star Pictures itself had a net profit of 1300 million Hong Kong dollars, which is not low.It is also worth noting that there is income from overseas markets and peripheral income, otherwise, it would not be able to earn so much money if it is just a box office share.

In addition to Star Films' own production business, there are three other companies under the company that have substantial shareholdings, as well as the company's own distribution business.In the Xiangjiang film market, anyone who wants to have their films released in Star Cinemas must find Star Films as the distributor, and Star Films can use this to earn a distribution fee. This is basically a guaranteed profit.

Xu's Films, New Art City, and Seven Little Fortunes, the first two Star Films only hold 20% of the shares, while the latter one holds 51% of the shares. In fact, it can be said that this company is a subsidiary of Star Films.

This year, with the support of Star Films, Seven Little Fu Films has produced four films, while the other two have produced only two films.It’s not that these two companies don’t have the funds to produce films, it’s just that the timetable for theatrical releases is limited, and you can shoot any movie you want. Star Films supports Qi Xiaofu to make more films, and the other two only have two films. number of screenings.

But even so, the total box office of Seven Little Fortunes, which made four films, is only slightly higher than that of Xu Films, which only made two films. The comedies of the three Xu brothers are still very popular in the market, and people are willing to Go to the cinema and pay the bill.

However, due to the different shareholding ratios, the share that Star Pictures can get from Seven Little Fortunes is far greater than that from Xu's Pictures. After all, one family can get 51% of the share, while the other only Can get 20% share.

750 million Hong Kong dollars, this is the profit sharing that Star Pictures can get from the three shareholding companies.It's just that for the development of the three companies, all the profits will definitely not be taken away, it's just reflected in the data when the annual report is compiled.

1800 million Hong Kong dollars, this is the net profit of Star Films in 1979 after deducting various expenses, which can be said to be quite good.

Star Cinema currently has a total of 32 cinemas in Xiangjiang, and the company will no longer expand its theaters in a short period of time. The theater line basically covers areas with a large population and developed economy in Xiangjiang.If there is any further expansion in the future, we will only continue to build theaters after the economy develops in a few years and it is determined that building theaters in a certain area can guarantee profits.

To be honest, the current 32 movie theaters in Star Cinema are enough to cover the entire area of ​​Xiangjiang.

Last year, the total box office of the Xiangjiang Film Market was higher than that of the previous year. As a theater chain that relies on the box office to make money, the revenue and profit of Star Cinema last year was naturally higher than that of the previous year.

The net profit of Star Cinema was around HK$1200 million the year before, but last year it was HK$2550 million, more than double the growth rate.

This is not because the total box office of the film market last year was more than double that of the previous year. There are three main reasons.One is that the total box office of the film market has indeed increased; the other is that last year there were not [-] or [-] theaters at the beginning of last year, so last year’s performance will be low; Theaters provided some of the profits.

Next is Asia Star Records. The record company has picked up a few new singers last year, such as Zhang Guorong.

It's just that last year when the record company was poaching first-line singers, it had to pay a price for it, so it invested a lot, which affected the company's profit last year.

700 million Hong Kong dollars, this is the net profit of Asia Star Records last year. Compared with the net profit of at least 3000 million Hong Kong dollars of Hong Kong Polygram, it is really not high at all.

Fortunately, companies have grown from small to large. Asia Star Records has the support of the entire Asia Star Media Group, and its development speed has always been very fast. Therefore, there is no need to worry about not being able to catch up with the previous industry leaders, and even surpass them in a few years. Polygram.

ATV News, a newspaper specializing in entertainment news, has received the tilt of the entire group's resources, can interview actors under the TV station, and can interview some exclusive news, so the development speed can be said to be quite fast.

Although the current scale of ATV News has not reached the level of daily sales of [-] copies, it has also broken [-] copies, and the performance can be said to be quite good.

The performance of Star Daily, which is also a newspaper, is of course better, with a daily sales volume of more than [-] copies, which is already the best among Xiangjiang newspapers.

Different from the ATV news of the entertainment newspaper, Star Daily is a comprehensive newspaper, and at the same time, it is biased towards business, because Lin Baicheng has many corporate relationships under his name, so he can give priority to reporting some business news, interviewing corporate executives, and so on.

Regardless of whether it is a commercial newspaper or an entertainment newspaper, once it receives huge support, it will develop very quickly.

Sanwei Bookstore (Publishing House) is engaged in the novel publishing business. At the same time, the company also has a subsidiary company specializing in comics, which mainly focuses on the market on the Xiangjiang side, and the style of painting is biased towards the culture of the Xiangjiang side.

Star Printing Factory, all the printing business under the group is entrusted to this company, such as printing of newspapers, printing and publishing of novels, posters of movies and TV series, etc. Anyway, all business related to printing is entrusted to this company.

Not only the printing business under the Asia Star Media Group, but also other companies under the name of Lin Baicheng, as long as the Star Printing Factory takes over, the business will be handed over to this company.

This is the complementary nature of the group. Not only can it do better things for other companies, after all, its own business can do things faster and more securely, and some profits can also be earned by itself, left handed and right handed.

8000 million Hong Kong dollars, this is the net profit left by the group after deducting various expenses after the annual reports of the various subsidiaries of the Asia Star Media Group are consolidated.

In 1979, the annual net profit of 8000 million Hong Kong dollars was of course incomparable with Lin Baicheng's Galaxy Games, Xingyue Electronics, Hutchison Whampoa, etc., but as far as Asia Star Media Group itself is concerned, the annual report performance is already quite high. Not bad.

Asia Star Media Group's investment will be relatively small, and the publicity attribute of the media is very important. Even if it does not make money, Lin Baicheng still has it in his hands, not to mention that the group itself can make a lot of money for Lin Baicheng every year.

After reading the annual report of Asia Star Media Group, Lin Baicheng has read the corporate annual report of Xiangjiang, and he has not read the corporate annual report of Japan.

Not to mention Lin Baicheng's companies in Japan, and other companies' subsidiaries in Japan. After all, the annual reports of the subsidiaries have been reflected in the annual reports of the parent companies of the relevant companies.

Bailong Commercial Club, Zhiyin Comics Publishing Company, Baihuifeng Co., Ltd., and Lin Baicheng's enterprises in Japan are still these three.

The first is Zhiyin Comic, which is solely owned by Lin Baicheng. The year before last, due to the company's aggressive expansion, the company was unable to make ends meet, with some revenue, not to mention profits.

Last year, Zhiyin Comics continued to expand in terms of channels, but it was not as large as the investment in the previous year. In addition, the entire channel was generally stabilized last year, and the benefits brought by the sale of Xingyue consoles, so the company added last year. The investment in channel expansion is still profitable.

24 billion yen, which is the net profit of Zhiyin Comics last year.

If the 24 billion yen is converted into Hong Kong dollars, it is 4800 million Hong Kong dollars. If it is converted into U.S. dollars, there will only be a little over 1000 million U.S. dollars left.

The reason why Zhiyin Comics was able to achieve such a high profit last year was mainly due to the share of 24 million US dollars brought by the sale of the Xingyue host, and the company's own comic performance was good. That leaves a net profit of [-] billion yen.

In terms of comics, Zhiyin Comics can bring more than 1000 million Hong Kong dollars in profits to the company this year, which can be said to be quite good, and Lin Baicheng is still satisfied with this.As for the profit sharing of the Xingyue mainframe, there is no need to talk about it. After all, it was arranged by Lin Baicheng himself, and it was not the business that the company's executives won from other companies.

Baihuifeng Co., Ltd., compared with the previous year, the company is much better, but the company's profit last year was not very good.

In the artist business, Matsuda Seiko has just started to develop and has not yet become popular. The others are newcomers, and the record and production businesses have not made much progress. It's nice to do that.

Lin Baicheng is not familiar with the entertainment industry in Japan, so the development of Baihuifeng Co., Ltd. can only rely on the company's management and Yamaguchi Baihui's own efforts in the future. Inject capital to prevent the company from dying.

Lin Baicheng is not concerned about the performance of Baihuifeng Co., Ltd. Even if the company loses money every year, as long as the loss is not too outrageous every year, then he is willing to pay the bill, just because of those beauties.

Finally, there is the Bailong Commercial Club with the largest assets.

The company was still investing at the beginning of last year. Lin Baicheng used the company's funds to invest in long gold futures. The settlement was completed in October, with a profit of 5.28 million U.S. dollars. The corporate account left $4 million in funds.

In this company, Lin Baicheng and Iwasaki Minelong each invested 1.5 million U.S. dollars, counting the remaining more than [-] million U.S. dollars in investment profits, and the company's [-] million U.S. dollars in bank loans, the company's total capital investment is nearly [-] million U.S. dollars to the real estate industry.

At present, the company's real estate business is developing quite well. It has stockpiled a lot of land and developed a few blocks. One of them is for residential development and will be sold after the completion of the development. Therefore, the company has revenue and profits.

However, compared to the company's huge investment, those revenues and profits are nothing at all.

It is not easy to calculate the revenue and profit, because many lands are not sold regardless of whether they are developed or not. On the contrary, it is easier to calculate the net assets.

After the land is developed, regardless of whether it is sold or not, the value will definitely increase. In addition, the real estate industry in Japan is recovering, so the company's asset scale has increased to a level of nearly 6 million US dollars.

The increase is not too much. The main reason is that the land development is not enough. With more and more land development and the continuous appreciation of real estate, the company's net assets will also continue to increase.

(End of this chapter)