Reborn as a tycoon in Hong Kong

Jupiter Toys Company, Lin Baicheng spent HKD 6.2 million when acquiring it. After that, he made multiple capital injections, totaling a total of HKD 50 million invested in this company.

After two expansions, the company's factory covers an area of ​​7,000 square meters and has 30 physical stores in Hong Kong. The two factory expansions and physical stores alone cost 18 million Hong Kong dollars.

Jupiter Toy Company produced 5 million Rubik's Cubes at Lin Baicheng's request, because the cost of mass production of Rubik's Cubes has been reduced, each costing 4.8 Hong Kong dollars. The production cost of these Rubik's Cubes alone cost 24 million Hong Kong dollars.

Then there is the purchase of the Rubik's Cube patent and the application for an international patent. The money spent is counted on Jupiter Toys Company, because the patent belongs to Jupiter Toys Company, and a total of 3.5 million Hong Kong dollars was spent.

After this calculation, nearly 52 million Hong Kong dollars have exceeded the cash owned by Jupiter Toys Company.

However, after the Rubik's Cube was sold by Starlight Company, the monthly profits were calculated and transferred to Jupiter Toys Company, so Jupiter Toys Company did not make any money.

In the United States, a total of 910,000 Rubik's Cubes were sold in 1978, with a total profit of US$9.3 million. The profit attributable to Jupiter Toy Company was US$6.045 million, and the production cost of these 910,000 Rubik's Cubes was still recoverable by Jupiter Toy Company. That is to say, 4.368 million Hong Kong dollars will be added to the income.

This is just the Starlight Company in the United States. Although Jupiter Toy Company had not authorized the Rubik's Cube in 1978, it had channels in Japan and Hong Kong and sold 100,000 units at the same price as those in the United States. And because Japan and Hong Kong spend less on publicity, the profits from these 100,000 Rubik's Cubes are actually more.

In other words, the revenue the Rubik's Cube brought to Jupiter Toys Company in 1978 was about HK$35.6 million, and the profit was about HK$30.5 million.

The reason why Jupiter Toy Company expanded its factory twice was not only to produce a large number of Rubik's cubes, but also because the company wanted to produce claw machines.

The claw machine production started in early August. 5,000 machines were produced at the beginning. The production cost of each machine was HKD 1,600, and the total production cost was HKD 8 million.

The claw machines produced are placed in the comic stores directly operated by Zhiyin Comics Company of Japan, the toy stores of American Starlight Company, the toy stores of Xiangjiang Jupiter Toys, and the cinemas of Xiangjiang Star Cinema. In total, there are thousands of them. many.

Unfortunately, the sales volume was not satisfactory. At first, only two to three hundred units were purchased by friends from the arcade channel. There was not much change in October and November, with the average monthly sales volume being only nearly 400 units. Until half a month before Christmas in December, many buyers came to our door and placed orders for 5,000 units at a time. Not only did they clear out the inventory, but they also had to mass-produce and ship them to customers.

Because those buyers placed an order for 5,000 doll machines at one time, Zhang Sheng, the manager of Jupiter Toy Company, applied to Lin Baicheng and placed an order for 10,000 doll machines at one time with the accessories dealer. Therefore, the cost of this batch of doll machines is only 1,500 Hong Kong dollars per unit is enough.

Because the customer placed the order in December, when calculating the performance, the performance of 4,000 units was counted in 1978, and the performance of 1,000 units was counted in 1979. The main reason was that there was not enough time.

The price of the claw machine is uniform across the world, which is US$599 per unit, which is HK$2,515.8.

In 1978, Jupiter Toys sold a total of 5,000 claw machines, with revenue of HK$12.579 million and profit of only HK$4.2 million.

In addition to the Rubik's Cube and claw machines, the Jupiter Toy Company's own toy stores, and the claw machines placed in Zhiyin Comics comic stores, Starlight Toys physical stores, and Star Cinema movie theaters, generate income every day. Although the income is not a lot, More or less.

Therefore, after statistics, Jupiter Toy Company's total revenue in 1978 was HK$48.8 million, and its net profit after deducting employee salaries, Rubik's Cube patent fees, factory water and electricity and other expenses was HK$28.2 million. We also need to deduct the cost of HK$15 million in raw materials for the order of 10,000 doll machines in December, which means that the net profit in 1978 was only HK$13.2 million.

There is also tax deduction here, and because of the promising future of the claw machine, Zhang Sheng decided to acquire a factory specifically to make plush toys, but this was an expense in 1979.

Jupiter Toy Company's performance in 1978 was quite good, especially with the boom in sales of Rubik's Cube and claw machines. Next year's performance in 1979 is expected to be even better, and Lin Baicheng is very satisfied with this.

Lin Baicheng spent 178.5 million Hong Kong dollars to fully acquire Asia Television, and then injected 50 million Hong Kong dollars twice, for a total of 278.5 million Hong Kong dollars spent on this TV station.

Compared with other companies, Asia Television's revenue and profits are not much. The net profit in 1978 was only 18 million Hong Kong dollars. This is because Asia Television's ratings are now the first in Hong Kong, otherwise the net profit would not be so much.

TV stations are no better than other TV stations. The upper limit of profits has been fixed because there are only so many viewers. Two TV stations have one point. Even if Asia TV ranks first in ratings, the upper limit of the average ratings is at most 70-80%.

In 1978, Asia Television invested a lot of money. It spent 20 to 30 million Hong Kong dollars on the update of costumes, props and equipment. In addition, the establishment of a record company, the acquisition of Star Daily, the establishment of its own newspaper, financial channels, news channels, variety shows With the increase in channels and other channels, it can be said that the investment is much higher than the income.

However, there is no doubt about the importance of the media. To control the media is to control the right to speak, so Lin Baicheng does not hesitate to invest.

In the future, Asia Television will also establish comic companies, book publishing companies and other media-related enterprises in Hong Kong. The reason why related companies were established by Asia Television is because the core of the media group is the television station, and it would be more convenient for the television station to be integrated into a media group after its establishment.

For Asia Television, Lin Baicheng's requirement is not how much money the television station should make for him every year, but that the television station's ratings must remain the first in Hong Kong, try to account for a higher ratings ratio, and suppress wireless television stations.

Then, Asia Television, which has the highest ratings, can promote Lin Baicheng's other enterprises, whether it is Jupiter Toy's Rubik's Cube, claw machines, movies from Star Pictures, or even which new properties Hutchison Whampoa has developed, etc., Asia Television Publicity can allow other companies to make more profits.

In 1978, Asia Television's average ratings have always been the first in Hong Kong. Only a few programs' ratings were suppressed by TVB, but overall Asia Television had the absolute upper hand. Therefore, Lin Baicheng was very satisfied with Asia Television's management. .

Yum Securities Company, this company has various uses of funds, but only 50 million Hong Kong dollars are used for management operations such as Anyuan. Anyuan and the others could invest the 50 million Hong Kong dollars according to their judgment. For this reason, Lin Baicheng modified the contract with Anyuan and gave them 3% of the entire team's profit as a bonus, which was actually quite a lot.

Although Lin Baicheng only gave 50 million Hong Kong dollars in funds, when Hutchison Whampoa was shorted by Li Jiacheng and others for the first time, Lin Baicheng took out 100 million Hong Kong dollars from Galaxy Games and transferred it to Yum Securities for bargain hunting, making a profit of 567 million Hong Kong dollars and having to pay a tax of 5670 Ten thousand Hong Kong dollars, these taxes to be paid are also handled by Yum Securities, and they will be paid when the tax is filed at the end of the year.

In other words, the funds that Anyuan and the others can operate since then are HK$100 million. The reason why they were able to make a profit of HK$220 million in 1978 was mainly because the shipping king entrusted Lin Baicheng to acquire Wharf, and Anyuan and the others spent a large amount of funds. They followed the operation and made a lot of money; later, Hutchison Whampoa made a lot of money by bargain hunting; coupled with the overall upward trend of the Hang Seng Index this year, their investment itself also made money.

The profit of HK$220 million in 1978 was more than four times the real principal of HK$50 million. However, this was a special situation. It is hard to say whether there would be a profit of HK$200 million in 1979.

Although the principal of Yum Securities increased to about 240 million Hong Kong dollars in 1979, Anyuan and others are not super capable. Unless they can recruit more capable financial geniuses in 1979, the company's annual profit will reach 80%. It can have a profit of HK$200 million, otherwise the company's profit in 1979 would be questionable.

With a profit of HK$220 million in 1978, the bonus for Anyuan and others was HK$6.6 million, which Lin Baicheng would definitely give them. But the company has given out so many bonuses, so of course it has to recruit better talents. Anyone whose abilities cannot keep up will definitely be eliminated. Even Anyuan will have to make way for talents with stronger abilities.

In addition to the principal business operated by Anyuan and others, Yum Securities also has a Yum Fund. However, the profits of Yum Fund have nothing to do with Anyuan and others. The operator is Lin Baicheng himself.

However, Lin Baicheng used all the funds in the fund to operate gold futures, and did not move much after buying them. As for the profits brought by the fund to the company, it is true that the current profits of the fund are large, but Lin Baicheng will only sell after the gold price reaches a high point, so the profits of the fund have not been settled at all, which is equivalent to not paying for Yum in 1978. Securities make money.

The principal of Yum Securities became 240 million Hong Kong dollars, and the company's net profit after deducting taxes and employee salaries was nearly 200 million Hong Kong dollars. However, Lin Baicheng hoped that the company could recruit better talents in 1979. After all, Bao Yugang acquired Wharf and Wharf. Good things like bargain-hunting Hutchison Whampoa don't happen every year. Whether the company can make money depends on the ability of the operating team.

Finally, it is the most profitable Galaxy Games company among the seven companies.

Galaxy Game Company only produced two arcade games, "Tank Battle" and "Donkey Kong" in 1978, but last year's two arcade games, "Hong Kong Cube" and "Pac-Man" were also on sale, and these two The performance of this game is even better than last year.

Of course, this refers to arcade games sold externally. Of course, Galaxy Games produced more than these two games in 1978. Console games such as "Super Mario Bros.", "Gold Miner" and "Vacuum Boy" are also being developed, but these games cannot be sold on the console until the console is completed.

Some of these console games are still under development, some have completed development, and some have not even started development. The console games in 1979 will be "Super Mario Bros." as the mainstay, and other games will support the Galaxy console as two wings.

Some of these console games were proposed by Lin Baicheng in terms of gameplay, settings, etc., while others were completed by the R\u0026D team from beginning to end without Lin Baicheng's intervention at all.

After all, Galaxy Games is just one of Lin Baicheng's many companies. It is impossible for Lin Baicheng to focus all his energy on the game company, especially the game R\u0026D department. Therefore, the team in the R\u0026D department must develop their own games and exercise their abilities.

In 1978, 63,000 units of "Tales" were sold, 85,000 units of "Pac-Man" were sold, 72,000 units of "Tank Wars" were sold, and 45,000 units of "Donkey Kong" were sold.

Just these four arcade games earned Galaxy Games a profit of HK$1.28 billion in 1978, which is about US$300 million, a huge profit.

The reason why there are such high profits is also thanks to the huge profits of arcade games in this era, and the games developed by Galaxy Games are all classic games. Otherwise, there would be so many sales and such high profits.

In this year, 1979, it was foreseeable that the sales of the two games "Hong Kong Cube" and "Pac-Man" would be greatly reduced. This was inevitable. Fortunately, the focus of Galaxy Games in 1979 was on the launch of consoles, but arcades would also be developed, and Lin Baicheng would still provide settings and gameplay. It was also a popular arcade game before its rebirth, so I believe its performance will not be bad by then.

In addition to arcade games, the anti-piracy software also made a profit of 100,000 licensed units from Taitung Co., Ltd., which is US$7 million, nearly HK$30 million.

Taito Co., Ltd.'s "Space Invaders" went on sale in 1978, and it was also a hit. The sales were no worse than "Tank Wars" which was released in the same year. The reason why they were able to make a profit of 100,000 arcade machine licenses was because Taitung Co., Ltd. had to stock up in advance. It must first transport the arcade motherboards to the Galaxy Games factory, and then wait until the anti-piracy software was copied. It was shipped back to Japan, so the number of orders placed must be greater than the actual sales number of arcade machines.

Although Galaxy Games' profits are high, it also requires a lot of investment. The research and development of console games such as "Super Mario Bros." requires a lot of costs, not to mention the research and development of the large-scale Galaxy console.

The recruitment of senior talents, the purchase of high-end equipment, the expenditure on employee salaries, etc., the total expenditure in 1978 was as high as 750 million Hong Kong dollars, the bulk of which was the expenditure on the console of Galaxy Games.

In addition, the company made a total profit of about HK$1 billion in 1977 and 1978. The company will have to pay taxes this year, and the calculation method of operating income tax is related to revenue. However, the revenue of Galaxy Games is still ridiculously high. , even if the accounting is done by professionals, Galaxy Games will have to pay about 100 million Hong Kong dollars in taxes in two years.

This is done through reasonable and legal tax avoidance, otherwise the tax to be paid will only be more. But Lin Baicheng is not that stupid. Although he will not make false accounts, he will definitely do reasonable and legal tax avoidance, otherwise he will be a fool.

It is said that it was thanks to Lin Baicheng's huge fortune from Hutchison Whampoa, which was shorted twice in 1978, that he had so much money to buy here and there. Otherwise, even with the performance support of Galaxy Games, he would I can't do that much.

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