Reborn Tycoon Rise

Hutchison Building:

"Xu Sheng, this is the company's financial report for the last quarter of last year." In the conference room, Richard handed over a document.

"The net profit is HK$64 million, not bad!" Xu Zhi didn't bother to look at the reports of the branch companies above, and just glanced at the last number.

After becoming the chairman of the board of directors of Hutchison Whampoa at the end of last year, Xu Zhi was not in a hurry to participate in the company's operations. Instead, he sent Ma Shimin to enter Hutchison Whampoa to collect detailed information about the entire company.

Although he was mentally prepared, Xu Zhi was still shocked when Ma Shimin sorted out all Hutchison Whampoa's business.

Hutchison Whampoa's predecessor, Qi Dezun, was bent on expanding the company's scale, and regardless of the company's operational capabilities, he forcibly acquired hundreds of companies, which eventually led to the company's capital chain being broken and HSBC taking over Hutchison Whampoa.

Wei Li was much stronger. He spent a year selling more than 100 branches. Coupled with the recovery of real estate and the help of HSBC, Hutchison Whampoa began to turn losses into profits.

Richard smiled and said: "Currently, the business of all departments of the company is developing well. According to estimates, the net profit this year should reach HK$400 million."

"Yes, the rise in housing prices has indeed helped us a lot!" Xu Zhi said with emotion.

Richard's expression suddenly turned ugly. Xu Zhi's words clearly attributed Hutchison Whampoa's surge in profits to the rise in housing prices, not to him, the top management team member.

Xu Zhi continued: "There are still too many branches under Hutchison Whampoa. Although many companies are making profits, the profits are too low and will only increase the company's operating costs. I decided to slim down the company!"

"Slimming down?" Richard was a little surprised and asked, "How to lose weight?"

Xu Zhidao: "Hutchison Whampoa's main businesses are currently ports, real estate hotels, retail, daily necessities business, communications, investment companies, etc. I plan to keep only the core ones and sell all the others!"

"Sell them all!" Richard exclaimed in shock: "Xu Sheng, I disagree. Although these businesses under Hutchison Whampoa are of various types, many of them can make profits on their own. It would be a pity to sell them."

"I am not interested in a business that is too small, no matter how high the profit margin is." Xu Zhi said with a smile. For a super rich man, if he invests 10,000 yuan in a business, even if the profit rate is 1,000%, the income will only be 100,000 yuan.

For a large company, being able to operate well in several businesses is the greatest success. If it needs to diversify in the future, it will also need to develop upstream and downstream supporting services according to its own business conditions.

For example, Midea, from arcades to handheld consoles to home game consoles, from household appliances to personal computers, all belong to the electronics industry, and in the future they will also develop into the upstream semiconductor industry and downstream sales channels.

But unlike Huang, his business is complex and complicated. In addition to several main businesses, he also owns travel companies, sweater factories, car rental companies, small hospitals and other messy industries. Some of these are losses and some are profitable. A few A4 papers cannot fit in them. All names.

Richard said: "If these companies are removed, Hutchison Whampoa's scale will be much smaller. Xu Sheng, isn't it just to increase your influence by acquiring Hutchison Whampoa?"

"A fat person who only has weight is not as good as a normal person who is thinner." Xu Zhi said with a smile: "If these companies all take action, they can recover a lot of funds, and they can develop Hutchison Whampoa's main business. This is a healthy development.

Qi Dezun had an excessive appetite and just kept Hutchison to death. Wei Li was better, but he still couldn't bear to part with so many companies. Otherwise, if he had cleaned up these useless companies earlier, Hutchison's original performance would have been better! "

Richard frowned, as if he was still thinking about any possible reasons to refute.

Xu Zhi asked again: "Why, are you worried that the board of directors will not agree?"

"Xu Sheng is joking, you already own 49% of the shares, who can object!" Richard said with some frustration.

"Then do it!" Xu Zhi said with a smile. When he took over Hutchison Whampoa last year, his shares were only 30%. However, in the past few months, Evergrande has been slowly absorbing Hutchison Whampoa's shares. A foreign fund even sold 12% of its shares at one time. As a result, Evergrande completely controlled Hutchison Whampoa, and the board of directors became Xu Zhiyiyan.

Richard still had some ideas at the beginning, but after learning about the shares owned by Xu Zhi, he completely stopped. Ma Shimin also took the opportunity to win over many ghosts, and the most important financial department of Hutchison Whampoa was also arranged by Xu Zhi. controlled.

Now that he has control over Hutchison Whampoa, he naturally has to develop according to his own plan. He is not the Li Jiacheng of later generations who can bypass the hustle and bustle of hundreds of branches, so he decided to take action on all these small branches. After raising funds, If we take advantage of the golden opportunities in the future, we will definitely gain greater profits than in history.

"Wait!" Richard was just about to leave when Xu Zhi suddenly stopped him, pointed to a line in the financial statement in his hand and asked: "Does our company's terminal business have cargo ships?"

Richard took a look, nodded and said, "Yes, before the merger, Huangpu Shipyard's main business was docking, ship repair and shipping. Currently, the company owns 13 freighters."

"All sold." Xu Zhi said immediately: "Other companies can slowly take action, but the ship must be sold immediately."

The shipping crisis is coming. Except for Bao Yugang, several of the major shipping kings in Xiangjiang have either gone bankrupt or have been struggling for more than ten years before recovering. Hutchison Whampoa's freighters are not many, but it is better to clear them out as soon as possible.

…

It took Xu Zhicai a few days to roughly handle the Hutchison Whampoa matter. Xu Zhi was involved in almost all investment plans for the next two years, and as chairman of the board of directors, Xu Zhi determined the subsequent development plan.

Among them, the real estate industry is the top priority. It is already the beginning of 1980. The peak period of Xiangjiang real estate was in the second half of 1981. However, it only declined in the first half of 1982, but the housing prices are still much higher than now, that is, He said that before September 1982, Hutchison Whampoa had better dispose of all its non-prime commercial undeveloped land.

Real estate is very profitable, but Xu Zhi plans to focus on some prime locations. In the future, he will also focus on developing commercial properties. Some of the land in more remote locations will be sold after development to collect funds and prepare to develop in 83-84. A large number of acquisitions will be made when real estate is at its lowest point in the year.

The terminal business is the foundation of Hutchison Whampoa, with an annual profit of more than 100 million Hong Kong dollars, which is higher than the income of a large number of banks in Hong Kong. If you control the terminal, you control the economy of Hong Kong. This is also the basis for the large-scale expansion of Li Jiacheng's business in later generations.

After temporarily settling down with Huang, Xu Zhi prepared for his second trip to Shenhai City.