Reborn as a tycoon in Hong Kong

Chapter 608 1979 Corporate Annual Report (3)

Lin Baicheng and Guan Zhilin left the Huo family after nine o'clock.

"Brother Lin, I won't go back tonight, can you stay with me?"

While driving in the extended Lincoln, Guan Zhilin shook Lin Baicheng's arm imploringly.

"OK!"

Faced with Guan Meiren's invitation, Lin Baicheng couldn't refuse.

"Great!"

Guan Zhilin cheered.

"You little pervert."

Seeing this, Lin Baicheng couldn't help but pick up Guan Zhilin, sit on his lap, and kiss her lips.

Guan Zhilin responded enthusiastically and noticed a hand reaching into her skirt.

"Hmm~~"

Their lips parted, Guan Zhilin hugged Lin Baicheng's neck tightly.

After arriving at the villa that Lin Baicheng gave to Guan Zhilin, Guan Zhilin hurriedly called his family and told him that he would not go back to spend the night tonight. Lin Baicheng also called his family at this time.

After ending the call, Lin Baicheng picked up Guan Meiren and walked to the master bedroom on the second floor of the villa.

Lin Baicheng and Guan Zhilin did not use contraception, because Lin Baicheng already knew that it would not be easy for him to get a woman pregnant, so there was no need for contraception. Moreover, using contraception would not be as enjoyable as it is now.

If Guan Zhilin is really pregnant, Lin Baicheng doesn't think there is anything wrong with this. Zhu Linlin, who is already the mother of a child, is only two years older than Guan Zhilin. In this era, there are many girls who get married and have children at the age of 18.

In earlier times, it was normal for women to get married and have children at 16 or even 14, and society was constantly changing.

The next day was Saturday, and Lin Baicheng had nothing to do. He accompanied Guan Zhilin in the morning, and left the villa after lunch, and Guan Zhilin also went home.

When he returned to the Repulse Bay Villa, Lin Baicheng discovered that Cheng Yufeng was also there, playing mahjong with Lin Shufang, a woman about the same age as his mother, and his mother Zhao Huilan.

In Xiangjiang, playing mahjong is very popular. Before Lin Baicheng made his fortune, his mother Zhao Huilan would play mahjong with her neighbors from time to time. However, because the shop was busy, she didn’t have much time to play every day, and because of the limited playing conditions, Not big either.

"Son, you are back."

Zhao Huilan waved to Lin Baicheng.

"Mom, sister, and Yu Feng."

Lin Baicheng said hello, and after coming to his mother's side, he looked at the woman sitting opposite: "Who is this?"

Zhao Huilan immediately said: "This is Yu Feng's mother, Aunt Qiu Haifen."

"Hello, Aunt Qiu."

Lin Baicheng immediately said hello. This was the first time he met Cheng Yufeng's mother. When he asked people to investigate Cheng Yufeng's family situation before, he did not ask for everyone's photos to be attached, so he only knew Qiu Haifen's name.

"Hello."

Qiu Haifen did not dare to neglect. She knew that Lin Baicheng was the richest man in Hong Kong and had a great say in the Lin family.

"Mom, you guys can play mahjong, I'm going to the study."

Lin Baicheng said that Qiu Haifen was just Cheng Yufeng's mother, not Lin Baicheng's mother-in-law, so there was no need for him to be too enthusiastic.

Zhao Huilan warned: "It's Saturday and you're still so busy. Don't be too tired. Remember to get more rest."

"I know, Mom."

Lin Baicheng responded, said hello to the other three and left.

After arriving in the study, Lin Baicheng took the annual report and read it carefully.

In Hong Kong, companies under Lin Baicheng's name include Galaxy Games Company, Galaxy Financial Group, Asia Star Media Group, Jupiter Toys, Hutchison Whampoa, Hong Kong Electric Group, Jinzhou Yingni Company, Galaxy Semiconductor, Venus Electric Company, and Star Moon Electronics Game companies, longevity pharmaceutical and biological companies, etc.

There are also joint ventures in Xiangjiang with Ocean Import and Export Trading Company and Xiangjiang Airlines. Among them, Xiangjiang Airlines is just an empty shell, so it is impossible to have an annual report.

Among them, Galaxy Financial Group has three companies: Galaxy Bank, Yum Securities and Galaxy Insurance.

Asia Star Media Group owns companies such as Asia Television, Star Pictures, Star Cinema, Asia Star Records, ATV News, Star Daily, Movie Fortnightly, Star Printing Factory, Sanwei Bookstore (Publishing House), as well as some companies that require equity participation due to business needs. Company shares. These participating shares are not large, and the control of the company is not in the hands of Asia Star Media Group.

The first thing Lin Baicheng picked up was the annual report of Galaxy Games Company.

Unlike the year before, last year, Lin Baicheng not only separated the console business from Galaxy Games, but also listed the company. Now he only holds 59% of the shares of Galaxy Games.

However, Lin Baicheng sold 20% of Galaxy Games shares before going public. The transaction volume was US$494 million, and he received US$475 million after tax. Compared with when he founded the company in 1977, he has made much more, not to mention that he still holds more than half of the company's shares.

In 1978, Galaxy Game Company's arcade business had a profit of US$300 million. However, due to too much investment in console R\u0026D, the net profit was only HK$500 million.

Last year in 1979, Galaxy Games' games were as popular as ever, so this year's profits reached a new high. In addition, there was some profit from licensing anti-piracy software, and the company's final profit was as high as 430 million US dollars.

Galaxy Games went public to raise US$640 million and received US$614.4 million. However, it paid US$300 million in dividends, so only a little over US$300 million was left. Then, the company will build or buy a building as its headquarters in Tokyo, Hong Kong, and Los Angeles, and the expenditure here will be US$150 million.

The research and development of game software and console hardware, expenditures on establishing channels to increase profits, various operating expenditures such as employee salaries and bonuses, and various expenditures such as taxes. Galaxy Game Company incurred a lot of various expenditures last year, which adds up to a total of More than $80 million.

The bulk of various expenditures is hardware research and development investment. Lin Baicheng asked Galaxy Games to develop an arcade machine with better performance, and the company's management certainly did not dare to neglect it.

When Xingyue Electronic Game Company was spun off, Lin Baicheng did not leave much cash for Galaxy Game Company. Therefore, US$80 million of the US$430 million profit was transferred to Lin Baicheng in May.

This annual report is for Lin Baicheng to read. In the annual report released by Galaxy Games, the company will also report an operating profit of US$430 million in order to make the annual report look good, but it will balance out this US$80 million in various expenses.

Lin Baicheng transferred the money before selling the company's shares, so there was no problem. The company's annual report is also approved by the board of directors. Wall Street directors also know that the company's management does this just to make the annual report look good, so no one has any objections.

As a result, as of the end of last year, Galaxy Games had US$420 million in funds on its books. However, these are book funds, and some of the funds have not yet been recovered. It will take some time for the relevant companies to transfer the money to the accounts of Galaxy Games Company. Galaxy Games Company also has some outstanding debts that have not been paid to relevant companies.

This is how a company operates. It will be owed money by other companies, and it will also owe money to other companies.

This has nothing to do with whether the company has money. Take Galaxy Games as an example. The company purchases raw materials and pays part of the money and owes part. If there is a problem with the company's raw materials, then the company has not paid part of the money, so the initiative lies with Galaxy Games. On hand.

Furthermore, even if there are no problems with this transaction, if Galaxy Games pays the balance a few months later and then deposits the balance in the bank, will it be able to obtain part of the interest?

Don't look at the interest rate of about three or four thousandths per month. If the principal is tens of millions or hundreds of millions of dollars, the interest will be quite a lot.

This year's annual report of Galaxy Games is very good, even better than last year, and its revenue and profit are higher than what most Wall Street institutions predicted. Therefore, after the release of the company's annual report, the stock price was immediately hyped by Wall Street institutions.

Although Lin Baicheng only saw the annual report now, the annual report released by Galaxy Games was released to the public in mid-January.

Today, the stock price of Galaxy Games has risen to 43.3 US dollars, and is sprinting towards the target price of 50 US dollars issued by Wall Street institutions when the company went public.

However, after Galaxy Games released its annual report, Wall Street institutions such as Goldman Sachs immediately raised their target prices for Galaxy Games, most of which were US$60, with the highest being US$72.

Based on Galaxy Games’ total share capital of 200 million shares, according to research reports from Wall Street institutions, Galaxy Games’ reasonable market value exceeds US$12 billion.

Comparing the company's current stock price, the potential implication of Wall Street institutions is to ask investors to buy quickly. The current valuation is still very low.

Goldman Sachs and other institutions have really made great efforts to speculate on the stock price of Galaxy Games. As shareholders, they are very clear about the company's situation. Therefore, when Lin Baicheng was still in New York, the director representing Goldman Sachs had already contacted him to discuss the company's future. A large dividend will be distributed in a few months, and another US$300 million will be allocated for a large dividend.

Lin Baicheng is very clear about the purpose of Goldman Sachs and other institutions. They plan to sell shares after the six-month sales restriction period. Of course, they must have favorable conditions to increase the stock price. Generous dividends are a huge benefit.

Lin Baicheng had no objection to this and agreed directly. Anyway, it is American investors who are reaping the benefits. He can get nearly 60% of the US$300 million dividend. After the stock price rises, he can also reduce his holdings of some shares without any loss.

Last year, not counting the shares he currently holds, the cash received by Lin Baicheng from Galaxy Games included US$475 million from the sale of 20% of the shares and US$177 million from the US$300 million dividend, for a total of US$652 million.

In addition, there are anti-piracy software patent licensing dividends, and bonus dividends for the chief designers of arcade games such as "Xiangjiang Cube", "Pac-Man", and "Tank Wars", which add up to nearly 20 million US dollars.

As the chief designer, Lin Baicheng can get 2% of the revenue from arcade games, which is the highest salary in the company's game software research and development department.

When Galaxy Game Company was still Lin Baicheng's own company, of course there was no such thing. Later, when the company was going to be listed, his treatment would have to be clearly defined. It was impossible for him to work for the company for nothing.

"Boom! Boom!"

There was a sudden knock on the door.

"who!"

Lin Baicheng shouted.

"Brother, it's me."

Lin Shufang's voice sounded outside the door.

"Sister, please wait a moment."

Lin Baicheng stood up and opened the door.

"Sister, aren't you playing mahjong with mom?"

"Mom just answered the phone."

Lin Shufang signaled Lin Baicheng to close the door, and then said: "Brother, let me ask you something. Will Yufeng often work overseas in the future?"

"Roughly the same."

Lin Baicheng nodded: "Now Watsons is expanding overseas markets. He is the vice president in charge of Watsons. If he wants to achieve results, of course he, the vice president, must personally take action."

Lin Shufang heard this and said: "Brother, can you bring him back? He is often away from Xiangjiang now, and it will take a long time for me to see him."

"Sister, is this your idea or did Yu Feng ask you to say it?"

Lin Baicheng frowned. It would be fine if it was Lin Shufang's idea. If Cheng Yufeng wanted to transfer him back, for whatever reason, then he would have to think carefully about whether Cheng Yufeng could be reused.

Lin Shufang shook her head when she heard this: "Yu Feng doesn't know this."

Lin Baicheng looked at his sister Lin Shufang. He believed that Lin Shufang would not lie to him on this point, so he said: "Sister, my original arrangement for Yufeng was that after he made achievements in the Watsons, I could arrange for him to pick up Wei Li. class. If he is transferred back now, it will not be so easy for him to achieve results."

"Forget it, I will find an opportunity to let him take charge of other businesses. As long as he can achieve results, it doesn't matter."

Lin Baicheng didn't think that Watson had to be Cheng Yufeng. For the sake of my sister's happiness, it was true that the substitution might cause some problems, but my sister's happiness was more important.

"No, it's better not to."

Lin Shufang heard this and immediately stopped her: "Since it is related to his future, let's forget it. We will arrange the time."

"Sister, are you sure?"

Lin Baicheng asked aloud.

Lin Shufang nodded heavily: "Well, I don't want to affect his future because of my relationship."

"Sister, it's because of your relationship that I arranged for Yu Feng to take over from Wei Li. Otherwise, given his age, he would have to work hard for at least ten years before he has any hope."

Lin Baicheng reminded aloud that he wanted his sister Lin Shufang to know that she had been a huge help to Cheng Yufeng. Even if she made Cheng Yufeng lose an opportunity this time, she would still be of greater help to Cheng Yufeng.

"Brother, thank you, I understand."

Lin Shufang nodded to express her understanding, and then said: "I'm going down first, brother, just pretend that I haven't been here just now, and I haven't said those words."

"Sister, I respect your choice."

Lin Baicheng nodded. Since this was Lin Shufang's choice, he would not be too troublesome. However, when Cheng Yufeng went to the United States, he could arrange for Lin Shufang to conduct a surprise inspection at an overseas company and let her meet Cheng Yufeng.

Although Lin Baicheng, an American company, has arranged for Maori Haruko to supervise and hire a top-ranked accounting firm for audit, no one can guarantee that there will be no problems. It is also a good thing to arrange a surprise inspection by Lin Shufang.

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