Reborn Tycoon Rise
Chapter 288 Financial Report
The project in Shenhai City is actually the simplest. The mainland side only needs to solve the problems of land and highly educated employees. Midea is basically responsible for other aspects. From project establishment, factory construction, and equipment installation, the progress has been negotiated with Shenhai City. After all, It is a company that exports all its products and is also a wholly-owned enterprise. In order to obtain foreign exchange as soon as possible, the mainland side naturally gave the green light to pass.
However, all exports do not mean that you cannot enter the mainland market. In fact, the entire Hong Kong is a huge domestic sales channel. Countless "black cats" and "white cats" buy overseas goods from Hong Kong and then transport them to the mainland for sale, and color TVs are among them. Goods in short supply are not poaching, because even if there are no Midea products, other Japanese brands will still enter the country through this channel. Instead of taking advantage of the Japanese electrical appliance giant, it is better to let Midea take advantage of this.
At the same time, the cooperative electrical appliance factories in Shanghai will enter the mainland's official sales channels. Because foreign exchange can be balanced, government departments will naturally take more care of their own products, and can prevent Japanese electrical appliances from invading the domestic market in two directions at the same time.
"Finally back." As soon as Xu Yaxin arrived home, she cheered and asked, "Sister-in-law Wu, do you have any fresh fruit?"
Sister-in-law Wu picked up a pot of strawberries from the table and said, "Miss, these are fresh strawberries imported from Australia."
Xu Zhi smiled and said, "Xiao Xin, thank you Sister-in-law Wu. She knows you like to eat the most, so she calculated the time and specially ordered it from Australia in advance."
"Thank you, Sister-in-law Wu." Xu Yaxin said with a smile.
As the richest family in Xiangjiang, the Xu family has purchased properties in several luxury villa areas in Xiangjiang, and their current location is in Taipingshan Villa.
Xu Hongbang and his wife also adapted to the wealthy life. They moved into this super villa and began to interact with some nearby wealthy and noble families. However, most of the people living in Taipingshan were British people, but there were also wealthy Chinese. Several families have few topics in common with Xu Hongbang, but no matter what, they have begun to become familiar with each other, and the Xu family is slowly integrating into the environment of Xiangjiang's wealthy families!
This villa located in Taipingshan has more than 10 servants, who are professionally responsible for cleaning and cutting flowers and plants.
For example, although Xu Hongbang and Wang Hua were literate, it was still difficult for them to read professional newspapers. So every morning, they would arrange for their servants to read all the newspapers that reported on their sons.
It was Mrs. Wu who took personal care of Xu Zhi's family.
"There are so many places to play in the mainland, but it's a pity that it's too cold." Xu Hongbang said with a smile while sitting on the sofa. He has adapted to the life of a wealthy family. In the past two years, he often traveled around the world without having anything to do. He is probably tired of playing abroad and now likes the mainland.
Xu Zhi said with a smile: "Now is the coldest time in most parts of the mainland. After a month or two, when winter passes, you can first visit some provinces in the south of the mainland, and then slowly move north."
"I can't go, I have to go to school soon." Xu Yaxin said with a grimace at the side. In fact, under normal circumstances, she wouldn't be able to stay in Xiangjiang even during the New Year. After all, American schools don't consider Asian customs. But Xu Zhi still has some influence in the United States, and school leaders don't have much objection to a super-rich family member going to school a few days late.
Xu Zhi smiled and said: "There are many places to play in the United States. You and your friends can go out more, but you must pay attention to safety."
Xu Yaxin smiled and said: "I know!"
"Do you still want to go to the company before the Chinese New Year?" Xu Hongbang asked from the side.
"I'll go there tomorrow, and then I won't need it anymore." Xu Zhi said with a smile. The Chinese New Year will be here in a week. Except for some on-duty staff or special positions, many employees in his company have already begun to prepare for holidays and combine work and rest. , to get the best results.
"That's good. I think you have been very busy in the past two years and it's time to relax and relax." Xu Hongbang said.
Xu Zhi nodded and said: "I know, I will go to the United States after the year. Although there are some business reasons, the main thing is to go to the United States to have fun."
"What are you going to do in the United States?" Xu Yaxin was about to leave, but after hearing the last sentence, she came over and asked.
Xu Zhi smiled and said: "Big shopping, do you like it?"
"Shopping? What do you want to buy?" Xu Yaxin asked hurriedly.
Xu Zhi smiled and said, "You will know when the time comes!"
"Tch, don't mention it, I went up to rest." Xu Yaxin didn't pay much attention, walked to the indoor elevator, and took the elevator up.
…
The next day, Xu Zhi got up very late. After eating the breakfast cooked by Mrs. Wu, it was already past 10 o'clock when he took a motorcade to the company.
"Xu Sheng, these are the financial statements of the entire Evergrande Company and Hutchison Whampoa Company last year." The first people to come to Xu Zhi were Wang Liming of Evergrande and Ma Shimin of Hutchison Whampoa.
Although Evergrande holds 49% of Hutchison Whampoa's shares, and Wang Liming is the general manager of Evergrande, Hutchison Whampoa is directly responsible to Xu Zhi himself. Evergrande's senior management has no control over Hutchison Whampoa. Apart from the real estate business, the two companies There are many cooperations, but other businesses are different and have nothing to do with each other.
However, due to time constraints, Xu Zhi arranged for the two of them to summarize the company's situation together.
Xu Zhi carefully read Hutchison Whampoa's financial report. After removing a large number of messy businesses, the company's business has become much simpler. The most stable business is the terminal. In 1980, Hutchison Whampoa's three berth terminals had a profit of more than 6 HK$100 million, but because the early construction of the terminal was all financed, it is still in the loan repayment period, but in just a few years, the terminal business will become a sitting cash cow.
The most profitable business last year was real estate. The first reason is that land prices in Xiangjiang have soared, and all real estate companies have made huge profits. The second reason is that Xu Zhi ordered the sale of all industrial buildings in the early 1980s, as well as the sale of many properties and land in general locations. Together, the two factors combined, Hutchison Real Estate's net profit actually exceeded HK$800 million.
The development of other businesses is also gradually growing, especially Watsons, which has begun to enter some Southeast Asian countries under the arrangement of Xu Zhi.
Evergrande Company is even simpler. Xu Zhi positions it as a real estate company in the future. After privatizing the real estate company after the spin-off of Hong Kong Electric with a huge loan, Wang Liming has been developing his land. As land prices continue to rise, It is estimated that before the real estate crisis in 1982, after the land development is completed, the funds recovered will be enough to repay the original loan and even the funds to purchase Hong Kong Electric.
In theory, after two years of operation, Xu Zhi is like a white wolf with nothing. He has obtained a power generation business and some additional prime location land in Hong Kong Island without spending a penny. This is actually the reason for the rise of many Chinese families in Huaxiangjiang. The method is to use loans to purchase companies that own large amounts of land when land prices are low, and then sell or develop part of the properties after land prices rise. The funds returned can even exceed the original purchase price, so you can almost make money from a company with nothing. All remaining assets.
"Ma Sheng, how are the negotiations for the wharf exchange with Wharf going?" Xu Zhi asked Ma Shimin. After he and Bao Yugang decided on the matter in the capital, they contacted their subsidiaries respectively. By this time, more than half of the negotiations had been completed. The two sides have held several talks over the past month.
Ma Shimin said: "Basically, the negotiations are almost complete. We are now negotiating with the creditor banks of both parties. It is expected that the contract will be signed after the year."
"Okay. In addition, you have to speed up the negotiation process for my two plans in Shanghai. It's best to settle this matter as soon as possible." Xu Zhi said with a smile.
Wang Liming nodded in agreement, and then asked: "Xu Sheng, the Shanghai Municipality has not approved your pedestrian street plan, so I wonder if we should advance the funds for the bridge construction first?"
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