Reborn in Hong Kong as a Tycoon

Chapter 827 1980 Annual Report ([-])

after new year.

Lin Baicheng came to Xinghe Financial Building. The secretariat had already compiled the annual reports of all the companies under Lin Baicheng's name. He came here specially to read the annual reports this time.

"Mr. Lin, this stack here is the annual reports of various companies in Xiangjiang, this stack is the annual reports of several companies in Japan, this stack is the annual reports of various companies in the United States, and the rest are from other regions. company's annual report."

In the chairman's office, Qin Lan and several people brought all the annual reports over and divided them into four stacks.

"Okay, let's put it here, I'll take a look."

Lin Baicheng nodded, Xiangjiang and the United States have the highest two piles, who makes these two places have the most enterprises.

"Mr. Lin, if there is nothing else, we will go out first."

After making sure that Lin Baicheng had no other orders, Qin Lan took him out.

"I'm busy today."

As Lin Baicheng said, he picked up one of the annual reports from the pile of Xiangjiang. There are so many annual reports of companies that can be read in a whole day today, but if you want to keep all the important data in your mind, you can’t do it in a day. up.

The top one is the annual report of Hutchison Whampoa.

In 1979 last year, Hutchison Whampoa's operating profit was about 7 million Hong Kong dollars, but its non-operating profit was as high as nearly [-] billion Hong Kong dollars.

In 1980, Hutchison Whampoa's non-operating investment profits were also very high.The first is to go long in gold futures with a principal of US$4 million at the beginning of January. This investment has already been settled, and the profit is as high as US$13 billion. If converted into Hong Kong dollars, it is more than 50 billion Hong Kong dollars.

In addition, Lin Baicheng participated in the financing of several companies, including 750 million US dollars to obtain 3% shares of Apple, 2200 million US dollars to obtain 4% shares of New Century Software, 600 million US dollars to obtain 3% shares of Zhonghe Games, these Investments have now been rewarded handsomely, and the value of the shares in hand is even higher.

Take the shares of New Century Software as an example. After the company went public, Hutchison Whampoa held 640 million shares of New Century Software. Even if the company’s issue price of US$6 was calculated, it would be worth US$3840 million. The company's stock price has now exceeded the $20 price point, and the total value of the 640 million shares has exceeded $1.3 million.

In other words, Hutchison Whampoa's investment in New Century Software has already made a profit of more than [-] million US dollars.

Although the profit of [-] million US dollars is only a book profit, and Hutchison Whampoa has not sold the company's shares, these are all counted when making financial statements.

Therefore, when calculating Hutchison Whampoa's non-operating profit loss in 1980, the market value change of New Century Software's shares should also be included. The result is that the investment made Hutchison Whampoa's profit in 1980 more than $[-] million.

By the same token, Hutchison Whampoa's participation in Apple and Zhonghe Games also made Hutchison Whampoa profitable.

In terms of non-operating profits, Hutchison Whampoa's profit in 1980 exceeded 60 billion Hong Kong dollars.

Compared with 1979, this profit is much less, as high as more than 30 billion Hong Kong dollars, mainly because Lin Baicheng did not let Hutchison Whampoa participate when he was long crude oil futures. billion Hong Kong dollars.

The reason why Lin Baicheng did not let Hutchison Whampoa participate in it was not only because he had already invested a lot in private, but also because he had already reduced a lot of shares in Hutchison Whampoa. Now he only holds Hutchison Whampoa 25% stake.In other words, even if Hutchison Whampoa made money, only a quarter of it belonged to Lin Baicheng, so he naturally didn't care that much.

Compared with 1979, Hutchison Whampoa's own operating profit showed a huge increase in 1980. The profit in 1980 was as high as 15.6 billion Hong Kong dollars, which was more than double that of 1979.

The reason why there is such a high growth rate and such a high profit is that apart from the operating profit brought by Watsons expansion and the profits brought by other business expansions, the main reason is that Hutchison Whampoa began to increase the number of houses sold in the second half of the year.

Unlike the few houses sold last year, Lin Baicheng asked Hutchison Whampoa to increase the number of houses sold from the second half of this year, and there will only be more sales next year, because he already knows that the crisis is coming, so he will naturally let Hutchison Whampoa start slowly at a high level. Shipments are cashed out, and after the stock market and the property market plummet, then use the funds previously cashed out to buy bottoms.At that time, the money from selling one house can easily buy back two, three or even more houses.

Compared with 1979, land prices and housing prices in 1980 rose a lot.With the increase in housing prices, the number of properties sold has increased a lot, and the profits have naturally increased significantly year-on-year.

However, Hutchison Whampoa has more income and more investment.

Among them, Watsons invested the most. Watsons expanded rapidly. In 1980, the two main expansion areas were England and the United States. Watsons is also self-operated, so the investment is naturally very high. This company alone has invested nearly 20 billion Hong Kong dollars.

There is also the acquisition of Bentley Motors. The acquisition plus subsequent new plant expansion and R&D investment, Hutchison Whampoa spent a total of 20 billion Hong Kong dollars in cash.At present, this company only invests and does not report. The sales profits of the automobile company cannot support itself, let alone return to the parent company of Hutchison Whampoa.

In addition, the hotels, docks, pharmacies, hospitals and other companies under the group all need to invest, and each of them invests a lot.

Fortunately, with Hutchison Whampoa's huge investment profits, it is no problem to support the company's current expansion, and there is even some spare money for dividends as a return to shareholders.

In general, Hutchison Whampoa developed very well in 1980. At the end of the year, the total net assets reached about 340 billion Hong Kong dollars, an increase of more than 90 billion Hong Kong dollars compared with last year.The reason why it has increased so much is that huge investment profits are on the one hand, the valuation of various companies has increased on the one hand, and the increase in real estate assets is also on the other hand.

Although Hutchison Whampoa’s current net assets are very high, Lin Baicheng is very clear that after the stock market and property market plummet, Hutchison Whampoa’s net assets will follow a sharp drop. At that time, it is afraid that the net assets of tens of billions of Hong Kong dollars will be cut off .

Things are still those things, companies are still those companies, but after the stock market and property market plummeted, many things are no longer worth so much money, and Hutchison Whampoa's net assets have naturally shrunk.

"After the stock market plummets, Hutchison's stock price had better fall more."

Lin Baicheng secretly thought that he now holds 25% of Hutchison Whampoa shares, and when the property market plummets, he will definitely buy the bottom.If it weren't for the fear that someone would steal chickens if he reduced too many shares, which would affect his control over Hutchison Whampoa, Lin Baicheng really wanted to take advantage of the current high position to reduce more holdings, and wait for the stock price to plummet before buying the bottom. Can earn billions of Hong Kong dollars.

After looking at the overall data of Hutchison Whampoa, Lin Baicheng looked at the operating conditions of the various companies under the group.

From this point of view, it was more than an hour.

There are still many subsidiaries of Hutchison Whampoa, and each company has a lot of data. If you look carefully, it will naturally take a lot of time.

Next, Lin Baicheng read the annual report of Asia Star Media Group.

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

Compared with Hutchison Whampoa, Asia Star Media Group does not make much money. What is important to this group is its media attributes. It does publicity for other companies and allows Lin Baicheng to control the media channels. Making money is not its main task.

Of course, compared to most companies in Hong Kong, Asia Star Media Group is still very profitable.

亚洲电视台1980年的净利润是4400万港币，比去年增加了1300万港币；星辰影业去年的净利润是3600万港币，其中自制影片带来的票房分成和周边收入等达到3200万港币，发行这块的净利润是400万港币左右。

The reason why the net profit of Star Films last year was 1300 million Hong Kong dollars higher than the 1900 million Hong Kong dollars of the previous year is mainly because Cheng Long was promoted by the company. Coupled with the expansion of overseas channels, it will naturally make a lot of money, and the profit increase has reached nearly 150%.

In addition to the company's self-operation, several companies invested by Star Films have also made money, especially the Xu Films of the three Xu brothers. Xu's comedies are still very popular in this era. There are two films, but the combined box office of these two films exceeds tens of millions of Hong Kong dollars.

The box office share between Star Cinema and the producer is 20-10, and the producer can get [-]% of the box office. Because Star Films only holds [-]% of the shares of Xu Films, the films of Xu Films require If it wants to be shown in Star Cinema, it needs to be distributed through Star Films, and [-]% of the box office share will be deducted here.

In other words, the box office share that Xu's Pictures can get is [-]% of the total box office, and the profits belonging to the three Xu brothers are only [-]% of the [-]% box office.

Even so, for the box office of more than 100 million Hong Kong dollars, Xu's film industry can get about 450 million Hong Kong dollars, and the three Xu brothers can get 360 million Hong Kong dollars.

Don't look at the three brothers of the Xu family who can only get more than [-]% of the box office, but this is already a lot. If it is replaced by Shaw Brothers and Jiahe, they will not get so much at all, and when will the box office split be credited? To make a question mark.Unlike Star Cinemas, after the movie is released, the box office will be distributed to the producer in three batches of three months without any delay.

Xu's film industry is very profitable, and the 20% shares of Star Films are naturally more valuable, and this will also be counted in the net assets of Star Films.

In addition to Xu's Films, Star Films also invested in New Art City and Seven Little Fortunes, but the development of these two companies is not as good as Xu's Films.

However, because Star Films holds 51% of the shares of Seven Little Fortunes, Star Pictures focuses on supporting Seven Little Fortunes. With the inclination of resources, this company will definitely develop slowly.

Star Cinema, the company's net profit was as high as 2550 million Hong Kong dollars the year before last, but last year the company's net profit was only 1100 million Hong Kong dollars, which was less than the company's net profit in 1978 the year before last.The reason for this is mainly related to the company's overseas expansion. Not to mention the huge investment in the construction of new theaters overseas, the attendance rate of the new theaters is not high enough, and it is still operating at a loss.

If you only count Hong Kong’s local area, because the box office of Hong Kong movies last year was higher than the previous year, the attendance rate of Star Cinema has always been high, so the overall net profit is actually higher than the previous year, reaching 3380 million Hong Kong dollars, which is already quite good.

It's just that the company's overseas business has dragged down the overall performance.

But thinking on the bright side, once the attendance rate of overseas theaters can increase this year and the performance turns into a profit, then the company's net profit will definitely increase greatly this year, and it is possible to double it several times.

Asia Star Records, this company ushered in an explosion last year.

Through the channel of Asia Star Media Group, the new singers cultivated by the company itself and the first-line singers dug in have ushered in an all-round development, and the company's performance has also ushered in an explosion.

1920 million Hong Kong dollars, this is the net profit of Asia Star Records last year. Compared with the net profit of 700 million Hong Kong dollars in the previous year, it has nearly tripled.

With the help of the entire Asia Star Media Group, Asia Star Records is catching up with Polygram. Polygram announced that the company’s net profit last year was only a little over 2600 million Hong Kong dollars. Although there is still a gap between Asia Star Records and Polygram , but the gap is not that big anymore, at least not so far behind that you can’t see Polygram.

With the support of the entire Asia Star Media Group, I believe that within a few years, the net profit of Asia Star Records will surpass that of Polygram (Xiangjiang).

That's right, the Polygram here refers only to the Polygram Xiangjiang branch. It is an international company headquartered in London. The revenue and profit of the entire company are calculated in pounds. The current Asian Star Records and There is simply no way to compare.

In fact, if the Asia Star Media Group was not blocked by the Bay Island authorities last year, resulting in the sales of records not being sold to the Bay Island, which reduced the income of Asia Star Records by a large amount, the company's revenue and profit last year might have surpassed that of Polaroid. Gold (Xiangjiang)'s.

Star Daily, one of the four major newspapers in Hong Kong, last year the company consolidated its position as the four major newspapers.Although the absence of serial novels has reduced the sales volume of the newspaper, but the newspaper has set up international news and entertainment news sections, which has allowed the newspaper to gain the affection of more groups, thus stabilizing the sales of the newspaper and preventing the newspaper from ever The status of the four major newspapers fell.

In terms of making money, the Star Daily does not actually make much money, but its status is very important. In this era, people mainly understand current affairs through the medium of newspapers, and its importance is beyond doubt.

For the film biweekly, its sales are even lower and it is more difficult to make a profit, but it has a great effect on the promotion of the film.

Moreover, the "Asian Golden Dragon Awards" held by the film biweekly will cost more money, such as air tickets, board and lodging reimbursement for inviting contestants, funds required for making prizes, etc., are all expenses.

The "Asian Golden Dragon Awards" has not yet been held. It invites movies that were released last year, so it can only be held in the second year, because it needs to give the participants some preparation time. In addition, it will not be held during the New Year Festival. To be staggered in time with the international award Oscar, the current tentative schedule is March.

In addition to these companies, some of the other subsidiaries under the name of Asia Star Media Group are still developing, and some are just supplements to the business of other companies. The revenue and profit are very low and have little impact on the overall revenue and profit of the group. big.

(End of this chapter)