People in Hong Kong create super chaebols

February is the end of winter and the prelude to spring.

Entering February in Xiangjiang, the temperature has begun to warm up. The daytime temperature has reached 22/23 degrees Celsius, but there are also more rainy weather.

The spring breeze is strong and the spring rain is continuous; the flowers condense with morning dew and the willows carry cold smoke.

Today is February 1979, 2, the eighth day of the Lunar New Year, and the beginning of spring.

Seeing the drizzle outside the villa, Su Cheng lost the mood to go out.

However, he didn't want to go out, but God seemed to be teasing him. Something forced him to go out.

The annual financial statements of Hutchison Whampoa Group, Su Group, Hong Kong Electric Group, Jiayi Film and Television Company, Tianyuan Investment Company, Tianwen Petroleum Company, Namei Entertainment Company, Intel, etc. have been released and have been summarized in Tianyuan Investment Management Went to the company.

Tianyuan had Su Cheng's private financial audit team, so Su Cheng specifically told him to let him know if the annual reports of each group were released.

Investment must be rewarding.

Now, of course, it is the harvest season.

This is a good thing, of course Sioux City is going.

He also wants to know how much money he has earned this year?
So, he took his bodyguards with him and took a car to Tianyuan Building in North Point.

When Su Cheng came here, Zhang Qizheng had already been waiting in the office for a long time.

"Boss, you are finally here. If you don't come, I will go out for lunch." Zhang Qizheng said with a smile.

Su Cheng looked at the time on his watch. It was already past twelve o'clock at noon.

It was almost twelve o'clock when he went out, which was normal.

"I'm so sorry, Uncle Zhang. I've delayed your lunch. After I finish reading the financial statements, I'll take you to have a big dinner." Su Cheng laughed.

There was no way, who asked Tianyuan Investment Company to call him to report the annual report to him after [-] o'clock in the morning.

If not informed, he would not want to come over.

"Let's go, I'll take you to the financial director." Zhang Qizheng stood up from his chair and said.

Su Cheng nodded, followed Zhang Qizheng out of the office door, walked along the corridor through an office, and finally came to a room with a door number that read Finance Office.

"Boss, Mr. Zhang, the annual financial statements are all here. I have sorted them out." Heli, the financial director of Tianyuan Investment Company, had already prepared. Seeing Su Cheng and the other two people coming in, he took out several prepared account books. .

Su Cheng nodded, casually pulled a chair over, sat in front of the desk, and looked at it carefully.

The first one is the Su Group's annual financial report.

Here, the financial situation of all subsidiaries of the Su Group is collected, either individually or in summary, and finally the group's annual financial report is obtained.

Since Yang Chaoye took over the Su Group, the Su Group has undergone rapid changes. Some subsidiaries with little development prospects have been continuously axed, while some subsidiaries with good development prospects have continued to increase investment.

As a result, starting from the third month after Yang Chaoye took over the Su Group, all Su Group subsidiaries have achieved profits, and most of the profit growth rates are very high. It is normal for them to increase several times. .Since then, relying on the sudden emergence and popularity of Oracle brand experience stores, the product sales of Su Group's subsidiaries have increased significantly. As a result, sales have naturally doubled and profits have become higher and higher.

These are just sweeteners. The most awesome product is Oracle Computer.

Once Oracle computers were launched, they quickly became popular in developed markets such as Europe and the United States.

As of January this year, Oracle's first-generation computer sales have even exceeded 1 million units around the world, becoming the best-selling computer product last year.

The selling price of Oracle computers has reached US$2999. With just 100 million units, the sales have reached nearly US$30 billion.

30 billion US dollars, what is this concept?
By February, the exchange rate between the U.S. dollar and the Hong Kong dollar had risen to 2 Hong Kong dollars per U.S. dollar.

In other words, these US$30 billion in sales are equivalent to HK$150 billion!
Even if the numerous costs are subtracted, there is no problem in making billions of Hong Kong dollars.

Su Cheng ignored the detailed bills in the middle and turned to the back to find the Su Group's general financial statement.

The bills in the middle are all checked and reviewed by professional financial personnel. It is superfluous for Su Cheng to go and see those. As the boss, he only needs to know the final results and does not need to know too much about the process!

On the last page, Su Cheng looked at the table data in front of him and was stunned.

In 1978, the Su Group's total turnover was HK$248.679 billion, total cost was HK$142.546 billion, and residual profit was HK$106.133 billion!
Among them, Oracle Computer alone has a turnover of 166 billion Hong Kong dollars, a cost of just over 100 billion Hong Kong dollars, and a residual profit of almost more than 60 billion Hong Kong dollars.

In fact, the manufacturing cost of Oracle computers is not high. After all, in the research and development area, the technology provided by Sioux City has saved a lot of research and development funds.

What is high is the import tax imposed by various countries on Oracle computers. This tax accounts for the bulk of the cost.

There is no way around this. Countries all over the world are protecting their own companies, so they will impose high import taxes on imported products.

At present, all the Oracle computers in the world are produced by several large factories in Xiangjiang. If they are sold in Xiangjiang, the tax will not be very high. However, even in Xiangjiang, the headquarters of the Su Group, the sales ratio is still very high. It’s less than one-tenth, so although the profits here are high, the market is small.

Looking at the cost of tens of billions, Su Cheng felt a little distressed. This was all money, and it was just gone. Most of it was plundered by various countries.

It seems that it is time to consider building factories in places with large markets. If you want to achieve high profits, this is the only way to go.

Of course, if the cost is too high, Su City has no plans to build a factory locally. These costs need to be considered such as labor and rent, so Yang Chaoye can handle it.

Overall, Su Cheng is very satisfied.

Although he knew that the Su Group relied on the global popularity of Oracle computers and the Oracle brand experience stores to make other products of the Su Group also sell well, Su City never thought that the Su Group would create a Tens of billions of profits.

If ranked solely by profit, Su Group could definitely become the No. 1 company in Hong Kong last year.

Companies like Jardine Matheson may have a total annual turnover of several billion or even tens of billions, but their profits may still be negative.

Sometimes, high turnover does not mean high total profit!

Huifeng Bank's revenue may reach hundreds of billions, but the vast majority of the funds are not their own, but customers' deposits.

They invest customers' deposits, but they may not make 100% profit. (End of chapter)