Trillion Market Capitalization is not a Dream

"Trillion market capitalization is not a dream ()"

Bai Qingting: "Mr. Tao, too many slogans can lead to chaos. There can only be one."

Tao Wuming, President of the First Business Unit, replied: “Okay, let me try to analyze it.

You are really good at Western architecture

Entering the 100 billion gate in two years

It is clearly stated that Western Architecture will enter the 100 billion gate in two years, but it is not clear whether this is market value, output value, or some other type of 100 billion gate.

Western architecture you me him

Hundreds of billions in two years and everyone praises it

He expressed that including every employee of Western Construction, we will achieve the goal of 100 billion in two years, but it was not specified what type of 100 billion this goal would be.

Western architecture is changing

A market value of 100 billion will be achieved

In mutation, what is this mutation changing? What has changed? Good or bad?

The two-year time limit was not indicated.

The goal of a market value of 100 billion is very clear.

Therefore, Boss Bai, after such an analysis.

Although all three are good, all three have flaws.

Boss Bai, I have a suggestion, everyone is brainstorming.

Western architecture is changing

A market value of 100 billion will be achieved

Adding a time limit to this one will be what we need, a more perfect slogan. "

Bai Qingting: "So, everyone needs to analyze it in a practical way.

Mr. Tao was still struggling with the choice just now. Now he analyzed it himself and came up with better suggestions.

Okay, let's ask Lei Chun, the president of the second business unit later, to answer Mr. Tao's request. "

Lei Chun, the president of the second business unit, stood up, took the microphone and said: "Boss Bai.

I'm still a little scared when you leave such a difficult problem to me.

But I still try to analyze it.

Western architecture is changing

A market value of 100 billion will be achieved

Let’s add a time limit first. Whether it’s right or not is up to everyone to judge.

Western architecture strives for two years

The dream of a market value of 100 billion will come true. "

The venue burst into applause spontaneously.

Bai Qingting: "It seems that Mr. Lei is still too humble.

This spontaneous round of applause was proof of that.

I think this change is very good, which means it is completely in place.

It's just that it's still a little tacky in it, a little less restrained, a little less high-end, and a little less majestic.

It would be better if it could be improved further. "

Lei Chun, the president of the second business unit, said with a smile: "Boss Bai, I'm not bad at this level. Being able to make such a small modification is already my extraordinary performance.

The following requirements you mentioned are really beyond my reach.

All we have to do is wait for better answers from everyone. "

Bai Qingting: "Mr. Lei, you are already very good.

Well, I see there are more people coming in and out of the venue now.

We take a fifteen-minute break.

Everyone, think about it again, and we will continue discussing this matter in fifteen minutes. "

Two hundred people were in a meeting, and the ten-minute break was not long.

Everyone had to rush out and find toilets on several floors.

There are also some people who can stand leisurely and contentedly in the corridor, smoke a cigarette, and chat in small groups.

When the time is up, the venue assistant informs everyone to enter the venue and start the meeting.

Bai Qingting: "Now I would like to ask Mr. Song Zhiyuan, President of our Fifth Business Unit, to explain his understanding of this slogan. Everyone is welcome."

Song Zhiyuan, president of the fifth business unit, stood up and said: "Boss Bai, the serial number of the fifth business unit is too big.

Every time I answer a question, I come at the end of the list. It does get harder and harder as you go to the end.

No matter what, I still have to reluctantly talk about my feelings according to the task assigned by you, Boss Bai.

Western architecture is changing

A market value of 100 billion will be achieved

Western architecture strives for two years

The dream of a market value of 100 billion will come true

Both sets of slogans are relatively good, but they also have some minor flaws.

I'm wondering if it's possible for us to

Split, combine, and recombine these two groups of meanings into a new slogan.

If it can be achieved, it may not be far from the result we want.

I initially thought of one.

Two years of hard work in Western architecture

The dream of achieving a market value of 100 billion will come true

Expressing the need to work hard for two years, the market value of 100 billion is not a dream, but a persistence and an ideal. After two years of hard work, this former dream will definitely become a reality, so I Dreams must come true was changed to dreams must come true. "

Bai Qingting: "After Mr. Song changed one word and moved the position of one word, it really felt much better.

Two years of hard work in Western architecture

The dream of achieving a market value of 100 billion will come true

Hahahaha, I didn’t expect to have such an unexpected harvest today.

Does anyone have any opinions? If not, it’s decided. "

Many people responded loudly: "No comment."

Bai Qingting: "Okay.

Let's all give a shout.

See if it goes smoothly.

Two years of hard work in Western architecture

A market value of 100 billion will surely come true. "

everyone shouted

"Western architecture has been working hard for two years

A market value of 100 billion will surely come true”

Bai Qingting: "It still feels okay, let's just leave it as it is.

The VI people wrote down this slogan and arranged for it to be printed in a promotional brochure. "

Bai Qingting: “Now let’s go back to how to determine our output target for 2012.

Let's look back again. The completed output value in 2010 was 500 million, and the completed output value in 2011 was 2 billion.

So how many billion should we set the output value target for 2012?

Just now, we mentioned 3.5 billion, 4 billion, and 5 billion. I mentioned 8 billion.

However, no one in this 8 billion indicator has said they have had a cold.

Through everyone's analysis, I have also thought that the output value target of 8 billion for 2012 still seems a bit high.

My current idea is the publicly announced 2012 output value target of 4 billion.

However, if we implement internally, we will definitely not be able to implement the assessment indicators based on the total target of 4 billion. I think it should be at least 25% higher, that is, the internal output value indicator requirement for 2012 is 5 billion.

As for how to allocate it specifically, first, please discuss it with the presidents of your business divisions.

Second, I will tell our secretary my thoughts and ask her to come to you to discuss it.

When everyone has a better idea, we can hold a meeting to discuss and finalize it.

These things will be announced at the 2011 annual meeting.

The 2011 annual meeting is initially scheduled to be held on the 16th day of the first lunar month after the new year. Specific matters will be subject to a notice issued by the company at that time.

Now at this meeting, based on everyone's discussion opinions, we have tentatively set the output value indicator for 2012 at 4 billion.

As for the collection indicators and settlement indicators in 2012, please calculate based on the project situation in 2011, add the estimated output value of 4 billion in 2012, and report a calculation data on a business unit basis.

This data will be tentatively decided today. Mr. Ma Wenxuan, the head of the cost center, will collect the statistics and report it to me.

Ma Wenxuan, are you there? "

Ma Wenxuan, the head of the cost center, replied: "Boss Bai, I'm here."

Bai Qingting: "You have to write down this matter. After the meeting, you have to discuss it with the bosses of these business departments. You will make statistics, summarize it, analyze it and report it to me."

Ma Wenxuan, the head of the cost center, replied: "Okay, Boss Bai."

Bai Qingting: "I'm thinking about our 2012 output value target of 4 billion and market value of 80 billion.

In 2013, the output value indicator doubled to 8 billion, and the market value was 160 billion.

In 2014, the output value indicator doubled to 16 billion, and the market value was 320 billion.

In 2015, the output value indicator doubled to 32 billion, and the market value was 640 billion.

In 2016, the output value indicator doubled to 64 billion, and the market value was 1.28 trillion. "

The venue erupted with laughter, followed by applause.

Bai Qingting: "I know, some people may think this is just a dream.

If I told you that when I said my company was going to be listed a few years ago, no one would believe me.

But in the end, our Western Construction Co., Ltd. went public in 2010. "

Bai Qingting: "Why should I mention this idea at this conference?

I'm thinking that after the company goes public, from a financial perspective, I don't have to work hard anymore. The market value of my stock is enough for me to enjoy prosperity and wealth.

It can be said that it will never be used up in several lifetimes.

But do I still have dreams that have not been realized? I still need to fight hard.

And among my employees, there are still many who have not achieved financial freedom.

I want to lead everyone towards financial freedom, and I want to create more multi-millionaires and even billionaires.

Then there needs to be a mechanism. On the road of company growth, people who have made outstanding contributions should share the dividends of the company's development and growth.

After consultation, there is a thing called option incentives. "

Bai Qingting pressed the laser pointer in her hand, and the four big words "Option Incentive" were displayed in the center of the big screen.

Bai Qingting: "As long as you are rich and noble, you will never forget each other.

I want to use this option incentive to help the backbone of our core team to obtain some development dividends after the company goes public as we accompany Western Construction to grow.

The definition of this backbone basically includes the core members who joined the company before it went public.

We have preliminary statistics that about 70 core members can participate in option incentives.

Those employees who have been allocated equity will no longer participate in this option incentive.

Of course, this equity does not refer to the kind of equity that is simply one hundred or two hundred shares given based on length of service.

It means that those employees who have received at least 100,000 original shares will no longer participate in the company's option incentive plan.

This option incentive plan is quite important to everyone.

I will tell you about it at this meeting.

The company now has a total of 200 million shares. Qian Zheng and I hold 65% and 15% respectively. Together we hold 80% of the company's shares, which is 160 million shares.

This time the option incentive plan is to use 5% of the company's total shares, which is 10 million shares, for incentives.

How to distribute these 10 million shares to everyone?

Every year, the company sets an output value indicator. As long as this output value indicator is achieved, options can be exercised.

Let me give you an example to calculate.

Let’s calculate the option income of a deputy director level.

The option given to a deputy director level is 200,000 shares, which can be exercised in four years.

It has been reported and approved in 2011. In this way, in these four years of 2011, 2012, 2013, and 2014, as long as Western Construction Co., Ltd. completes the publicly committed annual output value target, the deputy director will have the right to The following year, the rights were exercised in four years, namely 2012, 2013, 2014 and 2015.

Exercise means that the warrant holder requires the issuer to perform the obligations stipulated in the warrant in accordance with the agreed time, price and method.

A warrant is a right given by the issuer to investors to buy or sell underlying stocks at a certain price at a certain time. The investor's exercise of this right is commonly referred to as "exercise."

Let’s calculate an example at the deputy director level. This level is usually a project manager. Assume that you are the deputy director level project manager. I will show you the calculation and you will understand it at once.

You have a warrant for 100,000 shares of Occidental Construction stock, and the exercise date is April 1. The exercise price is 129 yuan. That is to say, on April 1, 2012, you are eligible to buy 25% of 100,000 shares of the stock at a price of 129 yuan, which is 25,000 shares. If on this day, the market price of the stock is 400 yuan, and it costs 10 million yuan for others to buy 25,000 shares, and you can buy 25,000 shares for 3.225 million yuan on this day, how much will you earn on the day of exercise? money? do you know?

You earned 10 million yuan - 3.225 million yuan = 6.775 million yuan.

Some people say that the stock price may not be as high as 400 yuan on the day the option is exercised.

That's right, because the stock prices in the stock market fluctuate and no one can estimate them accurately, but he can make a rough calculation.

Because after the conditions for exercise are met, we have one year to fully select the specific exercise date.

No matter which day you choose to exercise the option, the exercise price is set. The higher the stock price at the time of exercise, the higher your income will be.

Of course, there is also the issue of taxes in the income. We will not consider taxes in today’s calculation, otherwise it will be too complicated.

Let's assume again that the stock price on the exercise date on April 1, 2012 is not as high as 400 yuan, for example, it is only 200 yuan per share.

Then the money you earn when you exercise the option = 25,000 shares × (200-129) = 1.775 million yuan. Of course, this is only a 100% guaranteed bottom-line realization data.

Because our stock price in 2012 must be more than 200 yuan.

Let's lower our expectations and assume that the stock price at the time of exercise is 300 yuan per share, and the total market value at this time is 60 billion.

Then the money you earn when you exercise the option = 25,000 shares × (300-129) = 4.275 million yuan. This is a very easy-to-achieve figure. "

Bai Qingting: "Zhou Wencheng, the project manager of the Nanshan project, I just heard the report and you are very good.

Please stand up and answer my question. "

Zhou Wencheng stood up, and the venue assistant quickly handed a microphone to Zhou Wencheng.

Zhou Wencheng said with a trembling voice: "Boss Bai, what questions do you have to ask?"

Bai Qingting: "Your voice is a little trembling?"

Zhou Wencheng put the microphone in his left hand, shook his right hand with his hand, and replied: "Yes, Boss Bai, I'm so excited."

Bai Qingting: "What are you excited about?"

Zhou Wencheng replied: "Because I am on the 70 incentive list this time.

I just heard what Boss Bai said. From the income from this option alone, I may have three amounts in 2012, namely 1.775 million yuan, 4.275 million yuan, and 6.775 million yuan. "

Bai Qingting: "Yes, you remember it very accurately.

And what I want to tell you is that if you have this option, it will not affect the production value bonus, collection bonus, settlement bonus, and excess gross profit bonus calculated by the company for you.

Are you more excited? "

Zhou Wencheng replied: "Yes, Boss Bai, I am so excited.

It feels like pie in the sky. "

Bai Qingting: "It's okay if you feel this way.

It's just that this pie is not dropped from the sky, but 10 million shares of my Bai Qingting shares are taken out and distributed to you, the core backbone of the company.

Do you understand what this means? "

Zhou Wencheng replied: "You understand, it's Boss Bai. You distributed your own interests to our 70 motivated people."

Bai Qingting: "This understanding is relatively thorough.

But do you know how to get the money? "

Zhou Wencheng replied: "I don't know."

Bai Qingting: "Zhou Wencheng, you are very honest.

In fact, I do not know.

Next, we solemnly applaud and welcome Wen Ping, general manager of the Securities Department of Western Construction Co., Ltd. General Wen will explain to us how Zhou Wencheng's options can be turned into Zhou Wencheng's money. "

Zhou Wencheng put down the microphone and took the lead in applauding, and the venue instantly burst into warm applause.

Everyone was disturbed by the large amount of option rewards.

Wen Pingmin, general manager of the securities department, was invited to the podium.

Sermon: “At this moment, I am actually very excited.

I mainly talk about how to turn the huge option bonus mentioned by Boss Bai into Zhou Wencheng's money.

There are several conditions that must be met here.

The first one is that in 2011, the company must meet the annual output value target announced by the company, and now this one has been achieved. Congratulations to everyone. "

Another burst of warm applause broke out in the venue.

Wen Pingmin, general manager of the securities department, waited for the applause to subside and continued: "

The second item is to choose a date in 2012 to complete the exercise.

This date is uniformly selected and exercised by the company's securities department. Don't worry.

The third item is that Zhou Wencheng must pay 25,000 shares x 129 yuan per share, or 3.225 million yuan, and the estimated personal income tax amount from the exercise to the company's designated account before the exercise date.

The fourth article is that the company's securities department will uniformly implement everyone's exercise of rights. On the same day, you can see that 25,000 equity has entered Zhou Wencheng's account.

At this moment, Zhou Wencheng has the right to freely trade these 25,000 shares of Western Construction Co., Ltd. in the market. If he and I choose to sell, the price difference on that day will be completely Zhou Wencheng's profit.

I also noticed that Boss Bai calculated three figures for this profit amount, which were 1.775 million yuan, 4.275 million yuan, and 6.775 million yuan.

Based on my many years of securities work experience, I can analyze that it is impossible for a new stock to be as low as 1.775 million yuan. 6.775 million yuan is not impossible, but the possibility is relatively small.

What is most likely to be realized is an exercise bonus of 4.275 million yuan.

Let me wish our project manager Zhou Wencheng in advance. It is expected that he will be able to pocket this equity dividend of 4.275 million yuan on April 1, 2012.

Boss Bai, I'm done. "

Bai Qingting: "Zhou Wencheng, did you hear clearly?

If you have any questions, ask them quickly, otherwise, your 4.275 million yuan will definitely keep you awake. "

Zhou Wencheng replied: "Okay, thank you Boss Bai for giving me this opportunity.

Mr. Wen, I do have some questions to ask you during the process of realizing exercise bonuses. "

Wen Pingmin, general manager of the securities department, replied: "It doesn't matter. I will use you as an example today to explain it to you, and everyone will understand.

If you have any questions, feel free to ask. "

Zhou Wencheng asked: "Mr. Wen, based on my current situation, if I want to exercise the 25,000 shares x 129 yuan per share on April 1, 2012, which is 3.225 million yuan, I I guess I don’t have the ability to come up with so much money? What should I do about this?”

There was a roar in the conference room, and knowing smiles emitted. In fact, the 70 inspired people were all in the conference room.