Reborn Capital Empire

Chapter 377 2002 Hanhua Year-End Report (Part 2)

…

The five subsidiaries of the Hanhua Group, since the Sinohua Trust became independent from the Hanhua Group, the Hanhua Capital led by Guo Zhen has become the oldest company in the entire group.

Since its establishment three years ago, Hanhua Capital and its twenty-four private equity funds named after the traditional twenty-four solar terms of Huaxia have become a well-known presence in the financial investment field in East Asia and Southeast Asia.

"Chairman, Mr. Zhang, everyone. After three years of development, Hanhua Capital currently has a VC department, PE department, M&A department, 24 funds, and the total value of assets under management is 73 billion Chinese yuan. Among them, Lichun, Rainwater , Jingzhe, Spring Equinox and Qingming were the earliest established funds with relatively large assets. In particular, the Lichun Fund, benefiting from the recovery of China’s Internet industry, has increased the income of portal websites such as Sina, NetEase, Kongwang, and TOM, and its assets have increased within the past year. The expansion has nearly doubled. At present, the number of Huaxia Internet companies it has invested in has reached 47, with a total asset value of 8.24 billion Huaxia coins.”

"The capital scale and growth rate of the Spring Equinox Fund is second only to that of the Lichun Fund. The 27 real estate companies it invests in, as well as related construction, garden, building materials and interior design companies, have seen an average annual growth rate of 67% in the past three years. The total value of the company's equity and bonds is CNY 7.18 billion."

"The worst performer was the Frostfall Fund, which was established for a relatively short period of time, and the price of wine is closely related to the vintage. So, since the past year, the average increase was only 5.35%! The 24 funds have the lowest increase."

"Finally, in 2002, the entire Hanhua Capital achieved a total revenue of 834 million Chinese coins and a net profit of 217 million Chinese coins."

Hanhua Capital is different from the previous Hanhua Securities and Hanhua Bank. Before the investment is withdrawn, there is no profit. Of course, Great China Capital is not exactly venture capital. Its PE department and M&A department can get dividend income when investing in listed companies, and when participating in corporate mergers and acquisitions, they can obtain higher interest income through investment, as well as intermediary income and so on.

Guo Shouyun flipped through the information of Hanhua Capital in his hand. After Guo Zhen finished speaking, he thought about it, and then raised his head and said, "In more than three years, Hanhua Capital has achieved the current results. It made her business a bit too complicated. So I decided to further standardize the business scope of Hanhua Capital. First, the four funds of jadeite, Hetian jade, Huaxia art, precious wood and wine were withdrawn from Hanhua Capital and placed in Under Hanhua Fund, four private equity funds have been established: No. 14, No. 15, No. 16 and No. 17."

The areas targeted by Great China Capital are venture capital and private equity investment, mainly enterprises. Jadeite, Hetian jade, Huaxia artwork, etc., are mainly investment varieties that maintain and increase their value, and are two different concepts from venture capital and private equity financing. On the contrary, the Hanhua Fund, which simply preserves and increases its value, is more suitable for them.

"Second, the M&A department was merged into the PE department. The new PE department consists of seven 'private equity funds': Guyu Fund, Frostfall Fund, Xiaohan Fund, Dahan Fund, Winter Solstice Fund, Daxue Fund and Liqiu Fund; Lidong Fund, Lixia Fund Two 'Mezzanine Funds'; two 'Senior Bond Funds', Xiaoxue Fund and Cold Dew Fund"

"Third, the Financial Services Department was established to provide enterprises and individuals with services such as 'M&A consulting, reconstruction and restructuring consulting, and fund raising.

With Guo Shouyun’s change, the divisions of Great China Capital have become VC divisions that are always dedicated to venture capital, PE divisions that are engaged in corporate mergers and acquisitions, MBO (Management Buyouts), equity and bond investments, and financial advisory services that specialize in providing financial advisory services. service department. Service and business boundaries are much clearer than in the past.

"Guo Zhen, if you have no opinion, the headquarters will hand over the formal rectification plan to you!"

"No, I obey the decision of the headquarters!"

In fact, he already knew about this rectification plan, and many of the contents were proposed by him. The reason for the announcement here is more to give a briefing to those colleagues in the subsidiary who do not know.

"That's good, let's continue the meeting."

Hearing his words, everyone's eyes couldn't help looking at the slightly fat middle-aged man in a black suit sitting on the third seat to Guo Shouyun's right.

His name is Yu Fei, and he is currently the head of the only hedge fund under the entire Hanhua Group. In the past three years, under the behind-the-scenes operation of Guo Shouyun, the Mang Seed Fund has won nearly 2 billion US dollars of liquidity from the financial market, which has strongly supported the rapid development of the entire Hanhua Group. Now, international oil and gold prices are skyrocketing because of a possible US-Iraq war. They all want to know how much money the Mang Seed Fund makes from this.

"At present, the entire mango seed fund has a total management capital of 83.7 billion Chinese currency, mainly investing in oil futures, gold spot and futures, stock market and other markets. In 2002, it absorbed capital of 37.3 billion Chinese currency, the growth rate of managed capital was 42.8%, and the total revenue was 39.8 100 million Huaxia Coins, net profit of 2.58 billion Huaxia Coins.”

After Yu Fei finished speaking, the people around showed a surprised or thoughtful look. Clearly, this result was very different from what they wanted to hear.

However, Guo Shouyun is very clear about the reason. The investment in gold by the Mang Seed Fund has not been closed until now, and naturally it will not be included in the balance sheet in 2002.

Seeing their hesitant expressions, Guo Shouyun didn't explain much, and now is not the time.

"According to your report, as well as the operational and financial documents submitted by the headquarters of Hanhua Group. As of the end of 2002, the entire Hanhua Group has achieved a total revenue of 9.567 billion Chinese currency and a net profit of 3.25 billion Chinese currency. Assets under management The scale is 223.44 billion Chinese currency! The company's total assets are 45.3 billion Chinese currency, the capital balance is 10.54 billion Chinese currency, the total debt is 17.5 billion Chinese currency, and the current liability is 8.84 billion Chinese currency. The data increased by 54.3% over last year!… This is a Very good data, I hope you can give me an equally good answer by the end of 2003!"

"Okay, that's all I have to say, that's all I have to listen to. Regarding the development plan of Hanhua Group in 2003 and the business details of each subsidiary, Mr. Zhang will evaluate you and preside over the next meeting." After falling, Guo Shouyun stood up and nodded to Zhang Lei, "Yu Fei, come out with me!"

The latter nodded, quickly cleaned up his notebook and the documents on the table, and walked out after Guo Shouyun under everyone's attention.

"sit!"

After entering the chairman's office, Guo Shouyun waved.

"Thank you, Chairman!"

"You're welcome. What's the latest gold price?"

"$363.47, the latest price in the Chicago gold futures market." Yu Fei said quickly.

Guo Shouyun nodded, and after pondering for a while, "How much room do you think there is for gold to rise in the future?"

"$15-$20! Or maybe more."

After looking at him, "I found that you are all more optimistic than me!"

Yu Fei knew that the 'we' in his mouth was the American counterpart with the same nature as himself.

"The signal of the US attacking Iraq is getting stronger and stronger, driving the price of international gold and oil and other value-preserving products to rise rapidly. In December 2002, the price of gold rose by $30 per ounce. Gold has risen by $3.6 per ounce. If this trend continues, the price of gold can at least rise to around $375 by the end of January, or even higher.”

Looking at his hesitant expression, "Don't you mean to say that our maximum closing price should be raised further?"

"The boss has a clever plan. In fact, in the current situation, the price of $370 per ounce is not enough to fully reflect this wave of gold bull market, I think we can take a risk, such as ... adjust the closing price up by $5 ."

Looking at Yu Fei's expectant eyes, Guo Shouyun shook his head after thinking for a moment.

"I've considered the same as you many times, whether to raise the closing price of gold further. But after thinking about it, I gave up."

"why?"

"The closing price of $370 is already the highest value we have concluded after studying the impact of wars and crises on the price of gold over the past three decades. Even I deliberately increased the risk by $3, further magnifying the risk. Although, The current global gold rally makes this price seem a bit conservative. But you and I both know that in the financial market, prudence is the highest rule of survival. Chase up and sell down, even if you make a profit this time, you may lose it next time. Terrible."

After thinking for a moment, Yu Fei nodded.

"What the boss taught me. It's very torturous just to see huge profits right in front of you, but you can't eat it!"

"Don't call the money you haven't got a profit. Also, whether the market will develop as you expect is still a two-way point! Also, we entered from $318.34~www.wuxiaspot.com~ even if it is flat at $370 You can also earn $5,166 per gold futures contract! … That’s $13 billion in total revenue.”

Yu Fei's face also showed excitement.

"Our Mango seed fund can get 40% of the $13 billion, or $5.2 billion. The capital gains tax in Hong Kong is 16.5%. After deducting labor and dividends, our Mango seed fund's own capital can increase by $4 billion."

"Have you figured out how to use the $4 billion?" Guo Shouyun smiled and glanced at him.

"Of course I thought about it. With the U.S. economy out of the trough, Nasdaq and the New York Stock Exchange have many opportunities, especially the Internet technology companies that the boss is optimistic about. In addition, the Iraq War broke out, and the demand for oil in China's economic development increased sharply, etc. Factors will cause oil prices to rise, so I plan to do long-term oil. In addition, China AMC enters the market and the economy is improving, which will inevitably lead to an appreciation of China AMC currency. I also want to look for opportunities in the currency market. Moreover, gold is short-term and China AMC is developing rapidly. There are good opportunities in the real estate market and the futures market for raw materials such as iron ore and copper.”

"I can't see that you have such a big appetite. But the $4 billion will definitely be deducted by Lao Zhang. Do you think the remaining funds can meet your requirements?"

"Hey, of course! When the news of the huge profit of the mango seed fund in the gold market spread this time, I don't know how many rich people are crying and shouting to hand over their spare money to us. At that time, the size of the mango seed fund can easily be reduced from It is less than 10 billion now, and it has broken through to 10 billion US dollars, or even more! By that time, I will have enough funds to operate! I believe that 'Mang Seed' will definitely become a hedge no less than the brother company 'Thunder' Fund giant!"

https://

Remember Aishang Novel Network in 1 second: . Mobile version reading website: