章節 1397: Chapter 1397: The Giant Godlike Engineering Group
The economic development report for the past year in Xiangjiang has come out.
The annual development report for the company owned by Xia Yu can naturally be produced as well.
The only helpless thing is that he owns too many companies, so much so that he can't even keep track of them all.
Therefore, he has to constantly take time out to go through them one by one.
Then he would pick out the annual reports of a company that warranted attention and visit the company in person at a later date.
If there were any problems, he would point them out and demand a solution.
That day, Xia Yu was reading the report in his office.
Fok Kin-ning finally walked in with the documents.
'Chairman, the strategic development report on fully entering the Philippines has been completed. Please review it.'
'Okay, just put it there. I'll read it later. You go ahead.'
Xia Yu looked up, nodded, and continued to drink his tea and read the financial report of Tiangong Group.
Tiangong Group was undoubtedly his most profitable core asset, apart from the financial company.
To put it simply,
there were currently seven primary companies under Tiangong Group that operated independently, while the others were financial investments.
The seven companies were Tiangong Technology Laboratory, Tiangong Electronics Group, Tiangong Automobile Group, Tiangong Electrical Appliances Group, Tiangong Machinery Group, Xiangjiang Nankai Sports Club, and Tiangong Materials Co.
Among them,
Tiangong Technology Laboratory currently has 1,647 employees and has opened a total of 34 laboratories. In 1985, it applied for registration of 914 patents in research and development. The total number of patents of Tiangong Technology Laboratory is 2,248. Last year, the investment in research and development was 3.758 billion Hong Kong dollars, the operating income realised from patents was 672 million Hong Kong dollars, and the net profit was -3.086 billion Hong Kong dollars.
Tiangong Electronics Group is the biggest profit centre of the Tiangong Group.
Last year, the group's turnover was 118.224 billion Hong Kong dollars, net profit was 30.242 billion Hong Kong dollars, and net profit in US dollars was 4.958 billion US dollars!
The net profit margin was as high as 25.58%!
The Tiangong Electronics Group contributed the most to net profit.
However, in terms of actual turnover, it was the Tiangong Automobile Group that contributed the most.
Last year, the Tiangong Automobile Group produced and sold a total of 1.724 million vehicles, and the gap from two million vehicles was not far!
Add in the revenue of its subsidiaries such as motorcycle production and sales, car retailing, and auto parts companies, and the total is even more impressive.
Last year, Tiangong Auto Group's turnover reached a whopping 134.738 billion Hong Kong dollars, equivalent to 22.088 billion US dollars!
Net profit was 19.672 billion Hong Kong dollars, equivalent to 3.225 billion US dollars!
Tiangong Auto Group's turnover is higher than Tiangong Electronics Group's, but its net profit is lower.
But that's normal.
After all, the competition in the automotive sector is just too strong.
On the other hand, in the electronics sector, Tiangong Electronics Group is the world's number one in everything from video games to portable music players, and its mobile phone business is also the strongest in Asia.
Next is Tiangong Electrical Appliances Group, which had a turnover of HK$15.424 billion last year and a net profit of HK$3.018 billion.
Next is Tiangong Machinery Group, with a turnover of HK$10.833 billion last year and a net profit of HK$1.517 billion.
Tiangong Materials Co., Ltd. is a newly established company in May 1985 and has not yet produced any output. Instead, it has invested in building a factory, resulting in a loss of HK$92 million last year.
And Hong Kong Anhua Sports Club, with the resources of the Jiuding Group, is doing well. There is no shortage of advertising resources, and it has been able to achieve results. Last year's turnover was HK$274 million, and the net profit was HK$75 million.
Finally, there are other income, such as investment dividends, which total a net income of HK$524 million.
All in all,
Last year, Tiangong Group's total turnover was 280.789 billion Hong Kong dollars, equivalent to 46.031 billion US dollars.
Net profit was 51.869 billion Hong Kong dollars, equivalent to 8.503 billion US dollars!
That's terrifying!
Excluding the island country of Japan, Tiangong Group is definitely the number one manufacturing group in all of Asia.
Of course, Xia Yu was delighted, but he was not conceited.
Tiangong Group's achievements are remarkable, but there is still some way to go before it can be considered one of the world's top companies.
Not to mention anything else.
As far as he knows, last year alone, the US General Motors Group produced and sold more than 9 million vehicles, with a group turnover of more than 85 billion US dollars!
So, when you do the math, there is still quite a gap between Tiangong Group and the US General Motors Group.
Not to mention some other manufacturing giants!
But then again, the potential of the many first-tier subsidiaries under the Tiangong Group has not yet been fully tapped, and there is still plenty of room for growth in the global markets in which each company operates.
Next, as long as each company develops well, the turnover and net profit of the entire Tiangong Group will naturally be higher!
Suddenly, Xia Yu wanted to go to the Tiangong Group to have a look around and point out a few more ways for the Group to grow. After all, seven first-tier subsidiaries were indeed a bit on the low side.
But before going on inspection, he still had to finish reviewing the plan submitted by Fok Kin-ning.
The layout of the Philippines was more urgent than going to inspect the Tiangong Group.
Thinking about it, Xia Yu took a sip of tea and put the annual financial report of the Tiangong Group together and put it aside.
Then he picked up the 'Strategic Development Report on Full Entry' and began to browse it carefully.
The think tank of the Jiuding Consortium is not doing useless work, and it is full of top elites.
With their collective wisdom, the quality of this strategic development report is beyond doubt.
Xia Yu kept reviewing it, and spent nearly an hour reading the entire report.
To put it simply, the general direction of the report is twofold.
One direction is to use the large companies already owned by the consortium to fully enter the Philippines and set up branches, and to merge with some companies to achieve rapid entry.
For example, Jiuding Culture Media Group itself has branches in the Philippines.
The group's subsidiaries, including Jiuding Newspaper Company, Jiuding News Agency, Jiuding Book Publishing Company, Jiuding Animation Company, Universal Music Group, Universal Cinema Company, etc., have all opened branches in the Philippines.
Originally, the media sector in the Philippines, including television stations, radio stations and mainstream newspapers, was controlled by the Ferdinand family.
Now that the Ferdinand family has fallen, all these assets have been confiscated. As soon as the Philippine government sells them, the subsidiaries of Jiuding Culture Media Group can take over one after the other.
In this kind of field where it is difficult for a new company to be effective, takeover and acquisition is the most suitable choice. It can become the media leader in the Philippines as soon as possible and control the right to speak in the Philippines.
It can even use its strength in the fields of media and publishing to push back the educational reform in the Philippines and make decisions that benefit local Chinese.
In the other direction, it is to acquire or establish a new local company without revealing its background.
The purpose of this is to prepare for the future and artificially create competitors for one's own company.
There are many benefits to doing this.
The most obvious one is that healthy competition can help your company improve continuously, which is conducive to breaking out of the Philippines and developing international business.
In addition, competition between your own left and right hands can further strengthen your de facto monopoly in the field and eliminate other competitors. After all, it is normal for the third and fourth to die when the boss and the second fight.
Of course, the most important thing is for the long term.
Xia Yu will definitely suppress the national awakening in the Philippines, which is conducive to capital domination.
But in the future, after the 21st century, the spread of the internet will be unstoppable, and the Filipino people will eventually awaken.
At that time, if someone stirs up trouble behind the scenes and incites national sentiment, foreign capital will be easily boycotted. Even if it doesn't collapse, it will be affected, which is ultimately not beneficial.
So start hidden operations now, and in the future, the Filipino people will never know that the national brand they have used since childhood is actually controlled by foreigners.
Just as many people in later generations don't know that Supor is owned by the French Groupe SEB, Harbin Beer is owned by Anheuser-Busch, Dabao is owned by the American Johnson & Johnson Group, Shuanghui is owned by the American Goldman Sachs Group, China Toothpaste is owned by the Dutch Unilever, and Little Nurse is owned by L'Oréal of France...
Not to mention Baijiahei, Nanfu batteries, Huiyuan juice, Jinlongyu, Golden Monkey, Hsu Fu Chi, Little Sheep, and Lebs, etc.
After using them for a while, everyone has become accustomed to them, so who would pay attention to the fact that they are contributing to foreign countries every day?
After reading the entire report, Xia Yu made some comments in it, adjusting it with his own forward-looking perspective or adding some new content.
Finally, after confirming that there were no errors, Xia Yu called Huo Jianning and, after giving him clear instructions, told him to implement the content above.
When he returned home, he brought the financial report of the Tiangong Group.
He planned to study it in depth, think about what aspects of Tiangong Group still needed strengthening, and then combine that with the results of the on-site inspection to make wise instructions.
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