章節 557: Chapter 557: Industry Dominance
Amidst the enthusiastic applause, Yan Wenhan, though his heart was surging with excitement, managed to control himself and showed a humble smile.
After the applause subsided, Chairman Xia Yu signaled him to continue the report. Yan Wenhan took a deep breath to calm his emotions and resumed his report.
"Since its establishment, Jiuding News Agency has had one news processing center and 121 offices worldwide, with a total of 1,135 employees, including 535 frontline staff."
"To date, the agency's reputation has gradually spread, and the quality of its services has been widely recognized. The number of media partners has reached 218."
"Last month's revenue was 13.25 million Hong Kong dollars. So far, the company's total revenue is 75.85 million Hong Kong dollars."
"The agency has been expanding since its inception, with a significant investment totaling 134 million Hong Kong dollars."
"Since its establishment, the agency has received a total of 111 million Hong Kong dollars in funding from the chairman and Jiuding Media Company."
"After deducting employee salaries and business taxes, the agency currently has 24.8 million Hong Kong dollars in cash."
"According to plan, the agency will continue to expand. The current working capital and monthly revenue are temporarily sufficient for expansion."
"That concludes my report. Thank you!"
After finishing, Yan Wenhan calmly looked at Chairman Xia Yu, waiting for his feedback.
Xia Yu pondered for a moment and then praised Yan Wenhan: "Wenhan, you have managed both companies very well. Jiuding Media Company is following your original plan, and the news agency serves as a booster for Jiuding Media. Be bold with investments, and if it doesn't cause chaos in the company, you can accelerate expansion. The funds can be drawn from the media company."
"Keep up the good work!"
"Thank you for the chairman's praise. I will continue to work hard!"
"Guy W., please continue."
Xia Yu then turned to Guy W. Peter, signaling him to begin his report.
"Chairman, colleagues, I will now report on the situation of Jiuding Publishing Company…"
Guy W. Peter spoke calmly and detailedly.
Jiuding Publishing Company's situation was somewhat unique. Unlike Yan Wenhan, Guy W. Peter did not leave funds idle but used capital to actively pursue mergers and acquisitions.
Before Xia Yu left Hong Kong, Jiuding Publishing Company had one parent company in Hong Kong and a subsidiary holding 87% of the shares in the Japanese group.
The Japanese group had debts of 480 million Hong Kong dollars, with a debt ratio of 69%.
At the same time, Jiuding Publishing Company held a 10% stake in the Japanese Kinokuniya bookstore and a 10% stake in the Japanese Junqiu Bookstore.
After Xia Yu left Hong Kong, Guy W. Peter continued his acquisition process, initially targeting local publishing companies in Hong Kong.
He acquired five publishing companies, and after integration, Jiuding Publishing Company expanded its business from novels to various fields including popular science, literature, children's books, and educational books, achieving full coverage.
Especially in the novel sector, the advantage in martial arts novels was further extended from an 81% market share to 89%.
The cumulative market share in other novel fields increased from 27% to 54%.
In addition to acquiring companies in Hong Kong, Guy W. Peter also established seven subsidiaries in Southeast Asia, initially using an acquisition strategy, acquiring a total of 12 companies.
After these acquisitions, Guy W. Peter invested 189 million Hong Kong dollars, all raised through bank loans.
The results of the acquisitions were also gratifying. The total number of company employees increased to 758, with monthly revenue surpassing 60 million Hong Kong dollars. The gross profit margin reached 50%, the net profit margin was 27%, and the monthly net profit reached 16 million Hong Kong dollars.
Although Jiuding Publishing Company incurred high debts as a result, Xia Yu didn't mind. The key was that Guy W. Peter's acquisitions had continuously expanded the company's revenue and profit, indicating that the acquisitions were successful, and the debt was of little concern!
After Guy W. Peter's report, Xia Yu encouraged him to continue managing the company according to his strategy.
Next up was Ma Tengdong.
Although Ma Tengdong had already reported to Xia Yu during the northward trip to the mainland, the other attendees were unaware, so he needed to report again.
When Xia Yu was in the UK, "Zhi Yin Comic Magazine" had successfully been split into four separate magazines: "Meng," "Huan," "Rui," and "Ran."
Each of these four magazines featured top-quality comics. With the original hit comics leading the flow and the new comics being able to retain readers, the original flagship magazine had directly become four.
Originally, "Zhi Yin Comic Magazine" had a weekly circulation of 2.55 million copies in Japan, ranking second in Japan. With continued efforts, it overtook Shogakukan's "Weekly Shōnen Sunday."
Due to negative factors and quality comparisons, "Weekly Shōnen Sunday" saw its weekly circulation drop from a peak of 2.82 million copies to 2.7 million copies, allowing "Zhi Yin Comic Magazine" to surpass it and the gap began to widen.
Just as "Zhi Yin Comic Magazine" reached the top of the Japanese comic world, shocking news came out: "Zhi Yin Comic Magazine" had been split into four!
Originally, Ichibridge Group and Otowa Group were excited because they thought Jiuding Animation Co., Ltd. had made a strategic blunder by digging its own grave.
Unexpectedly, after the split, while "Weekly Shōnen Sunday" again claimed the top spot and "Weekly Shōnen Jump" returned to second place, the third, fourth, fifth, and sixth positions were all occupied by "Zhi Yin Comic Magazine's" comics.
Next came the nightmare for Ichibridge Group and Otowa Group.
With so many high-quality comics, the word-of-mouth exploded. The impact on Japanese comic peers was unparalleled.
Without comparison, there is no harm. With comparison, "Weekly Shōnen Jump" and "Weekly Shōnen Sunday" appeared of poor quality. With readers' pocket money being limited, most chose to buy one or several issues of "Zhi Yin Comic Magazine."
This led to a collapse in the sales of "Weekly Shōnen Sunday" and "Weekly Shōnen Jump," with other comic magazines faring even worse. The falling sales directly became the sustenance for "Zhi Yin Comic Magazine."
Just six weeks after the split, in the seventh issue post-split, "Zhi Yin Comic Magazine" with its "Meng," "Huan," "Rui," and "Ran" editions dominated the top four spots in Japanese comic magazine sales.
The weekly circulation of the four magazines combined reached 9.8 million copies and continued to rise.
As of now, the latest weekly circulation has reached 11.2 million copies, with an average of 2.75 million copies per magazine.
It can be said that "Zhi Yin Comic Magazine" has forcibly advanced the golden period of Japanese comics!
And the 11.2 million copies weekly circulation is only for the domestic Japanese market. Remember, "Zhi Yin Comic Magazine" is distributed throughout Southeast Asia!
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