We're building a super chaebol in Hong Kong

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

Entering February in Hong Kong, the temperature begins to rise steadily, with daytime temperatures already reaching 22/23 degrees Celsius, although there are more rainy days.

The spring breeze is warm, and the spring rain is continuous; flowers condense the morning dew, and willows carry the cold mist.

Today is February 4, 1979, the eighth day of the Lunar New Year, and also the Beginning of Spring.

Looking at the misty drizzle outside the villa, Su Cheng lost the desire to go out.

However, even though he didn't want to go out, fate seemed to be playing tricks on him, as something compelled him to leave.

The annual financial statements of Hutchison Whampoa, the Su Group, Hong Kong Electric, CTV, Tianyuan Investment, Tianwen Petroleum, Nami Entertainment, Intel, and others have been released and compiled at Tianyuan Investment Management.

Tianyuan has Su Cheng's private financial audit team, so Su Cheng specifically instructed them to inform him when the annual reports of each group were released.

Investment certainly requires returns.

Now, the season of harvest has arrived.

This is a good thing, and Su Cheng certainly wants to go.

He also wants to know how much money he has made this year.

So, he took his bodyguards and drove to Tianyuan Building in North Point.

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

"Boss, you've finally arrived. If you hadn't come, I was about to go out for lunch," Zhang Qizheng said with a smile.

Su Cheng looked at the time on his watch; it was already past twelve noon.

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

"I'm really sorry, Uncle Zhang, for delaying your lunch. After we've reviewed the financial statements, I'll take you out for a feast," Su Cheng laughed.

There was nothing he could do; Tianyuan Investment only called him around eleven in the morning to report the annual statements.

If they hadn't notified him, he wouldn't have wanted to come.

"Let's go, I'll take you to the CFO's office," Zhang Qizheng said, standing up from his chair.

Su Cheng nodded and followed Zhang Qizheng out of the office, walking past an office along the corridor, and finally arriving at a room with a sign that read 'Finance Office'.

"Boss, Director Zhang, the annual financial statements are all here. I've already compiled them," He Li, the CFO of Tianyuan Investment, was prepared. Seeing Su Cheng and Zhang Qizheng enter, she took out several prepared ledgers.

Su Cheng nodded, casually pulled over a chair, sat down at the desk, and began to look carefully.

The first book was the annual financial statement of the Su Group.

Here, the financial situations of all subsidiaries of the Su Group were collected, with individual and consolidated reports, ultimately resulting in the group's annual financial statement.

Since Yang Chaoye took over the Su Group, the Su Group has undergone rapid changes. Some subsidiaries with little development prospects have been continuously cut off, while some subsidiaries with good development prospects have been continuously invested in.

As of January of this year, the worldwide sales of the first-generation Oracle computer have even exceeded 1 million units, becoming the best-selling computer product of the past year.

The selling price of the Oracle computer has reached $2,999, and with just 1 million units, the sales revenue has reached nearly $3 billion.

What is the concept of $3 billion?

In February, the exchange rate between the US dollar and the Hong Kong dollar has risen to 1 US dollar to 5 Hong Kong dollars.

In other words, the sales revenue of these 3 billion US dollars is equivalent to 15 billion Hong Kong dollars!

Even after deducting numerous costs, making several billion Hong Kong dollars is not a problem at all.

Su Cheng directly ignored the detailed bills in the middle and flipped to the end to find the Su Group's consolidated financial statement.

The intermediate bills are all audited by professional financial personnel. It would be superfluous for Su Cheng to look at them. As the boss, he only needs to know the final result and doesn't need to understand too much of the process!

On the last page, Su Cheng was stunned by the data in front of him.

In 1978, the Su Group's total turnover was HK$24.8679 billion, total costs were HK$14.2546 billion, and the surplus was HK$10.6133 billion!

Among them, the turnover of Oracle computers alone reached more than HK$16.6 billion, the cost was just over HK$10 billion, and the surplus was almost more than HK$6 billion.

The latest novels are first published on 69shu.com!

In fact, the manufacturing cost of Oracle computers is not high, after all, Su Cheng's technology in the research and development area saved a lot of research and development funds.

The high cost is the import tax levied by various countries on Oracle computers, which accounts for the bulk of the cost.

This is unavoidable. Countries all over the world are protecting their own national enterprises, so they levy high import taxes on imported products.

At present, all Oracle computers in the world are produced by several major factories in Hong Kong. The tax revenue is indeed not very high when sold in Hong Kong, but even if Hong Kong is the Su Group's base camp, the proportion sold is less than one-tenth. Therefore, although the profit here is high, the market is small.

Looking at the cost of hundreds of billions, Su Cheng felt a little distressed. These are all money, and they are gone like this, mostly plundered by various countries.

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

Of course, if the cost is too high, Su Cheng does not intend to build a factory locally. These need to consider labor, rent and other costs, which can be handled by Yang Chaoye.

Overall, Su Cheng is very satisfied.

Although he knew that the Su Group relied on the global popularity of Oracle computers, plus the Oracle brand experience store made other products of the Su Group sell well, Su Cheng never thought that the Su Group would create hundreds of billions of profits in a short period of time.

If ranked by profit alone, the Su Group can definitely become the NO.1 in Hong Kong last year.

For companies like Jardine Matheson, perhaps their annual turnover can reach several billion or even hundreds of billions, but the profit may still be negative.

Sometimes, high turnover does not mean high total profit!

For banks like HSBC, revenue may reach hundreds of billions, but most of the funds are not their own, but customers' deposits.

They invest customers' deposits, and they may not necessarily make money 100% of the time.

(End of this chapter)