We're building a super chaebol in Hong Kong

Setting aside the Su's Group's ledger, Su Cheng picked up the second one.

This one was the financial ledger of another large conglomerate under Su Cheng's name—Hutchison Whampoa Limited.

Hutchison Whampoa certainly couldn't compare to Su's Group last year, after all, mobile phones weren't on the market yet, and Hutchison Whampoa was relying solely on its old industries to operate.

In the past two years, under the drastic management of Wylie, Hutchison Whampoa had been selling off or closing down many poorly managed subsidiaries.

Therefore, Hutchison Whampoa had already achieved profitability by the time Su Cheng took over.

Even before Su Cheng took over, Hutchison Whampoa's annual turnover could reach tens of billions or even hundreds of billions of Hong Kong dollars.

Otherwise, how could Hutchison Whampoa's market value be so high!

However, Hutchison Whampoa at that time was a large and established company with high revenue but also high expenses. Losses in one area had to be covered by profits from another, so achieving profitability was already a good result.

Before Su Cheng took over Hutchison Whampoa, under Wylie's management and with the assistance of HSBC, the turnover of Hutchison Whampoa temporarily decreased significantly due to the cutting of many subsidiaries, but as the new Hutchison Whampoa gradually got on track, both turnover and profit continued to rise.

After Su Cheng took over Hutchison Whampoa, he continued to entrust Wylie with its management, and Hutchison Whampoa continued to develop at a high speed. Then, with the emergence of Oracle brand experience stores, the products of Hutchison Whampoa's subsidiaries, like those of Su's Group, saw a continuous surge in sales.

In addition, Su Cheng also provided a lot of things for those subsidiaries. For example, several novels provided to Hutchison Publishing have now become one of the best-selling books in Europe and the United States.

Therefore, Hutchison Whampoa after Su Cheng took over has undergone earth-shattering changes compared to the previous Hutchison Whampoa.

Turning to the last page of the ledger, this time, Su Cheng was not so surprised by the data on it.

In 1978, Hutchison Whampoa Group's total turnover was HK$12.6899 billion, total cost was HK$8.4623 billion, and the remaining profit was HK$4.2276 billion!

Compared with Su's Group, Hutchison Whampoa Group's performance was not so dazzling.

However, Su Cheng believed that this was because Hutchison Whampoa had not yet exerted its full potential.

Once Hutchison Telecom successfully opens up more markets and Yun Sheng S1 sells well overseas, then Hutchison Whampoa's potential this year is no less than that of Su's Group.

After all, in Su Cheng's view, the foundation of Hutchison Whampoa Group is much more solid than that of Su's Group.

Before Su Cheng took over, Su's Group was just a listed company with a market value of several hundred million Hong Kong dollars, while Hutchison Whampoa Group's market value had already reached several billion, more than ten times that of Su's Group.

Now this result is considered a relatively normal result, but the profit is much higher than expected.

The main reason for this is that the channels of Su Cheng's major group companies have now achieved a state of sharing, which has led to more and more sales channels and a significant increase in sales.

Su's Group's HK$10.6 billion in remaining profit, plus Hutchison Whampoa Group's HK$4.2 billion in remaining profit, just these two groups alone have a profit of HK$14.8 billion.

Even Su Cheng felt that this money was coming too fast.

Putting down the Hutchison Whampoa Group ledger, Su Cheng picked up another ledger.

This one was the financial ledger of Hong Kong Electric Holdings Limited.

Su Cheng's expectations for Hong Kong Electric were not high to begin with.

After all, Hong Kong Electric had just been acquired, and the land it owned had not yet begun to be developed.

However, for Hong Kong Electric, Su Cheng had picked up a dead chicken.

Su Cheng controlled 52.9% of Hong Kong Electric's shares, and the time of control was just in November, and last year was almost over.

Hong Kong Electric's dividend is distributed once a year, so Su Cheng acquired so many shares, and the dividend has not yet started.

Therefore, no matter how much Hong Kong Electric earned last year, Su Cheng had 52.9% of it.

After all, this company is a public utility. After Su Cheng held 52.9% of the shares, he no longer planned to continue to increase his holdings. After all, if there were too many, Hong Kong Electric would become a private enterprise, and the government might not allow it at that time.

So, it's better to keep this 52.9% equity.

Hong Kong Electric has many pieces of valuable land. Su Cheng plans to let Hong Kong Electric and Hutchison Whampoa Group's Hutchison Real Estate jointly establish a new company to develop these pieces of land. In this way, the income Su Cheng will get is not just 52.9%, but an infinite increase.

Now, Su Cheng has reached absolute control over Hong Kong Electric. How Hong Kong Electric should develop is up to him.

Moreover, with Hong Kong Electric's current strength, it cannot develop these pieces of land independently in a short period of time.

Like the previous ledgers, Su Cheng directly turned to the last page.

Hong Kong Electric's business is now relatively diversified.

In 1978, Hong Kong Electric Group's total turnover was HK$4.5826 billion, cost was HK$3.8679 billion, and the remaining profit was HK$714.7 million!

What good news, whether it is Su's Group, Hutchison Whampoa Group or Hong Kong Electric, they are all good.

Although Hong Kong Electric's turnover and remaining profit cannot be compared with the former, Hong Kong Electric's performance has surpassed the vast majority of listed companies in Hong Kong.

What a high-quality enterprise, it has never had family shareholders before, it was really picked up by Su Cheng like a dead chicken.

According to the above report, the profit from electricity sales was HK$476.6 million, which means that the profit from electricity sales only accounts for about 66.68% of the total net profit, and the profit from other side businesses is also very good.

It can be seen that Hong Kong Electric's business other than electricity sales is also very profitable, and it is a public utility company with very good development potential.

This is the result obtained by Hong Kong Electric without any interference from Su Cheng.

Although 700 million is not much, and Su Cheng can only take 52.9% of it, Su Cheng is not looking at the small profits now, but the big profits in the future.

As the only two electricity sales companies in Hong Kong, Hong Kong Electric has a guaranteed customer base for power supply and can basically achieve no debt.

Su Cheng is not worried about losing money when he takes it down.

Anyway, Su Cheng only spent less than 2 billion Hong Kong dollars to take down Hong Kong Electric, which is just a small investment for him.

Now, it has only been three months, and if this 714.7 million Hong Kong dollar fund is fully distributed, then Su Cheng has already recovered 378 million Hong Kong dollars!

When Hong Kong Electric officially enters the fast lane of development under Su Cheng's leadership, like Su's Group and Hutchison Whampoa Group, it is only a small problem for Hong Kong Electric to recover its costs, and it is inevitable to continue to create more profits for Su Cheng in the future! (End of this chapter)