People in Hong Kong create super chaebols

Putting down the Su Group's account book, Su Cheng picked up the second account book again.

This book is the financial account book of Hutchison Whampoa Group, another large group under Sioux City.

Hutchison Whampoa Group definitely couldn't compare with Su Group last year. After all, mobile phones were not yet on the market last year, and Hutchison Whampoa only relied on old industries to operate.

In the past two years, Hutchison Whampoa, under Weili's drastic management, has sold and closed many poorly managed subsidiaries.

Therefore, Hutchison Whampoa was already profitable when Sioux City took over.

Even Hutchison Whampoa before Sioux City took over, its annual turnover could reach several billion Hong Kong dollars or even tens of billions of Hong Kong dollars.

Otherwise, how could Hutchison Whampoa's market value be so high?
However, at that time, Hutchison Whampoa had a big business, high revenue, and high expenses. If one side lost money, the other side had to make up for the loss. Therefore, it was already a very good achievement to make a profit.

Before Sioux City took over Hutchison Whampoa, under the management of Wei Li and the assistance of Huifeng Bank, a major shareholder, Hutchison Whampoa's turnover temporarily dropped a lot due to the axing of many subsidiaries, but then As the new Hutchison Whampoa is gradually getting on the right track, both its turnover and profits are constantly rising.

After Sioux City took over Hutchison Whampoa, Hutchison Whampoa continued to be managed by Wei Li, and Hutchison Whampoa continued to develop at a high speed. Then, with the emergence of Oracle brand experience stores, Hutchison Whampoa's subsidiary products Just like those products of the Su Group, sales continue to rise.

In addition, Sioux City also provides a lot of things to those subsidiaries, such as Hutchison Publishing House. Several novels provided by Sioux City have now become one of the best-selling books in Europe and the United States.

Therefore, Hutchison Whampoa after Sioux City took over has undergone earth-shaking changes compared with the previous Hutchison Whampoa.

Turning to the last page of the ledger, Su Cheng was not so surprised by the data above this time.

In 1978, Hutchison Whampoa Group's total turnover was HK$126.899 billion, total cost was HK$84.623 billion, and residual profit was HK$42.276 billion!
Compared with Su Group, Hutchison Whampoa Group's performance is not so dazzling.

However, Sioux City believes this is because Hutchison Whampoa has not exerted its strength yet.

Once Hutchison Telecom successfully develops more markets and Yunsheng S1 sells well overseas, then Hutchison Whampoa's potential this year will be no less than that of Su Group.

After all, in Su City's view, Hutchison Whampoa Group's foundation is much more solid than Su Group's.

Before Su City took over, Su Group was just a listed company with a market value of hundreds of millions of Hong Kong dollars, while Hutchison Whampoa Group's market value had already reached several billion, more than ten times more than Su Group.

This result is now considered a relatively normal result, but the profit is much higher than expected.

The main reason for these is that the channels of major group companies under Su City have now been shared, which has led to more and more sales channels and naturally increased sales.

Su Group's residual profit of HK$106 billion, plus Hutchison Whampoa Group's residual profit of HK$42 billion, the profits of these two groups alone have actually reached HK$148 billion.

Even Su Cheng felt that the money came too quickly.

Putting down the Hutchison Whampoa Group account book in his hand, Su Cheng took another account book.

This book is the financial ledger of Hong Kong Electric Group.

For Hong Kong Electric Group, Sioux City's expectations are not high.

After all, Hong Kong Electric Group had just acquired it, and development of its land parcels had not yet begun.

However, for Hong Kong Electric Group, Sioux City is like picking up a dead chicken.Sioux City controls 52.9% of Hong Kong Electric Group's shares, and the time of control was just in November, which was almost over last year.

Hong Kong Electric Group's dividends are distributed once a year, so Suzhou City has acquired so many stocks that have not yet started paying dividends.

Therefore, no matter how much HK Electric Group earned last year, Sioux City had 52.9% of it.

After all, this company is a public utility. After Suzhou City holds 52.9% of the shares, it no longer intends to increase its holdings. After all, if there are too many, Hong Kong Electric Group will become a private enterprise. Then the government may Not allowed anymore.

Therefore, it is better to keep the 52.9% equity.

Hong Kong Electric Group owns many valuable land parcels. Sioux City plans to let Hong Kong Electric Group and Hutchison Real Estate, a subsidiary of Hutchison Whampoa Group, jointly set up a new company to develop these land parcels. In this way, Sioux City will obtain The income is not just as simple as 52.9%, but increases infinitely.

Nowadays, Sioux City has reached the point of absolute control over HK Electric Group. It is not up to him to have the final say on how HK Electric Group should develop.

Moreover, with HK Electric's current strength, it cannot develop these sites alone in a short period of time.

Like the previous ledger, Su Cheng turned directly to the last page.

The business of Hong Kong Electric Group is now relatively diversified.

In addition to the main business of electricity sales, it is also involved in real estate development and property management, technical services, retail, advertising, finance, etc.

In 1978, the total turnover of HK Electric Group was HK$45.826 billion, the cost was HK$38.679 billion, and the residual profit was HK$7.147 million!
There is really good news one after another. Whether it is So Group, Hutchison Whampoa Group or Hongkong Electric Group, they are all good.

Although the Hong Kong Electric Group cannot compare with the former in terms of turnover or residual profit, the performance of the Hong Kong Electric Group has surpassed the vast majority of listed companies in Hong Kong.

What a high-quality company, but it has never had a family shareholder before. It was really picked up by Su City.

According to the above report, the profit from electricity sales was HK$4.766 million. In other words, the profit from electricity sales only accounted for about 66.68% of the total net profit, and the profits from other side businesses were also very good.

It can be seen that Hong Kong Electric Group's businesses other than making profits from selling electricity are also very profitable, and it is a public utility company with very good development potential.

This is an achievement achieved by HK Electric Group without any interference from Sioux City.

Although 7 million is not much, and Su City can only get 52.9% of it, Su City is not looking at small profits now, but big profits in the future.

As the only electricity sales company in Hong Kong, Hong Kong Electric Group has a guaranteed source of power supply customers and can basically avoid debt.

If Su Cheng wins it, he won't have to worry about losing money.

Anyway, Sioux City only spent less than 20 billion Hong Kong dollars to acquire Hong Kong Electric Group. For him, it was just a medium-sized investment.

Now, only three months have passed. If all the HK$7.147 million funds are paid out as dividends, Sioux City will have already repaid HK$3.78 million!

When HK Electric Group officially enters the fast lane of development under the leadership of Sioux City, like So Group and Hutchison Whampoa Group, then HK Electric Group's return of capital will be just a small problem. In the future, it will continue to create more opportunities for Sioux City. More profits are a must! (End of chapter)