I want to be a giant of Hong Kong Island

Chapter 256 Chapter 256 【Annual Summary Report 2】

PG Zipper Group handed over a perfect score in 1955, with an annual revenue of 1.2 million US dollars and a net profit of 3200 million US dollars; of course, this includes Dongying YKK zipper, Xingdao YGG zipper, Yaoshi Industry and other subsidiaries finance.

Last year, PG Zipper Group had a market share of 50% in the United States, 45% in Europe, 80% in Japan, and 40% globally.

In addition to achievements in zippers, Yaoshi Industry has also developed in recent years.

The first phase of the aluminum alloy smelting plant in Tseung Kwan O is about to be completed, and the annual output value of aluminum alloy can reach 20 tons; the second and third phases of the project are under planning. A supporting facility, the power station, was also built.

Together with the two phases of the Shaujiwan project, Yaoshi Industry will reach an aluminum alloy output of 60 tons in the 80s.

It can not only provide aluminum alloy materials for zipper factories, but also produce aluminum alloy doors and windows, and export aluminum alloy materials to foreign countries.

At the same time, Yaoshi Industry has been able to produce some small machinery, and has gradually developed into a manufacturing industry.

The annual meeting of PG Zipper Group was held in Tsuen Wan Industrial Park, and high-level executives from all over the world gathered together.

Wu Guangyao looked at the nearly 50 senior managers below and made an annual summary.

"PG zipper hit a new high last year. This is the result of everyone's joint efforts. However, we must always be vigilant and strive for excellence in product quality. There is another problem, you have not found it, that is, rich countries have begun to Economic competition is becoming more and more serious. So, will it affect our zipper industry? This is for sure, so building factories overseas is our only choice; if we want to build, we need to inspect and prepare this year, and we can’t wait for other people’s sanctions Here we go, if we make preparations, we will lose a lot!" Wu Guangyao said.

Overseas construction of factories will increase the production cost of zippers, but over the past few years, PG zippers abroad have not only gained the word cheap, but also gained the impression of firmness and good quality.

It is precisely this firmness and quality that Wu Guangyao likes the most!
That is to say, in the future, PG zippers and YKK zippers will no longer compete with cheap prices, but with firmness and quality.

After all, cheap labor is also available in those countries in Southeast Asia, and now there are zipper factories in Southeast Asia!
Wu Guangyao wants to tell them the fact that when we played cheap, you didn’t know where we were, but now we want to play quality!

Overseas factories will also be built in countries with a good investment environment and low wages for workers; for example, in Europe, Italy will be chosen; in America, Brazil and Mexico will be chosen; New Zealand in Oceania and other places are all good choose.

After hearing the translation next to him, Tadao Yoshida quickly said: "It is indeed necessary to build factories overseas, and YKK zippers can be given priority!"

Upon hearing this, Li Bing quickly said, "PG Zipper has sufficient talent reserves, and they can be drawn out to work at any time!"

Naturally, Wu Guangyao hoped that all PG zippers in Hong Kong Island would go overseas to build factories, but this would not only offend Tadao Yoshida and Hiroshi Ito, but also leave some hidden dangers. When the sanctions came, there would be no more backup.

"Half and half! We'll discuss the details later." Wu Guangyao said on the spot. For Dongying YKK zipper, Wu Guangyao still pays more attention to it. The reason is naturally the egg philosophy.

In Universal Building, Wu Guangyao, Sandas, and He Yuanzhang are chatting in the office.

"I plan to make Global Shipping no longer buy second-hand ships, and build new ships instead!"

After hearing Wu Guangyao's words, Sandas and He Yuanzhang were stunned. Global shipping started from second-hand ships. Why don't you look down on second-hand ships?

Seeing the puzzled expressions of the two, Wu Guangyao explained: "Dongying's shipbuilding industry has matured, and the price is only 80% of that of Europe and the United States. The technology is not inferior to that of Europe and the United States, so I plan to build all new ships in Dongying. At present, our second-hand Ships have reached 150 million tons, no more, and these ships will be phased out within 6 to 8 years."

In addition to 150 million tons of second-hand ships in global shipping, there are also 80 tons of new ships (all oil tankers) that have been delivered, and six 6-ton oil tankers (made in Japan) under construction.

"You didn't give a specific reason?" Sandas said seriously, of course this is his duty.

"The reason is, my prediction: Europe and the United States will usher in a period of economic explosion in the 60s, so the oil needed is huge, and I want to transfer most of the business to Europe and the United States. Then there are obviously too many second-hand ships. After all, we The European and American rivals are mostly new ships, and we need to maintain a certain level of competitiveness in oil tankers.” Wu Guangyao casually said a reason, in fact, Wu Guangyao knew that Global Shipping was about to make a fortune. Why not give yourself new equipment!
Taking advantage of the closure of the Suez Canal this time, the freight rate has skyrocketed several times, and global shipping can make a lot of money. Then, after global shipping, all new ships will be built directly, wouldn't it be just right!
Replacement of old ships with new ones only belongs to version 1.0 of global shipping;

Small boats are replaced by big ones, which belongs to the version 2.0 of global shipping;

Reduced ship landing belongs to the 3.0 version of global shipping.

It is not difficult to understand the replacement of old ships with new ships, which means that global shipping needs to transition to all new ships;

The replacement of small ships with large ones began in the mid-60s. 20-ton tankers were already common. At that time, global shipping would naturally choose such 20-ton tankers. If you buy 50 ships, you will have a deadweight of 1000 million tons.

Naturally, the reduction of ship landings was a matter of the late 70s. Wu Guangyao estimated that the load capacity of global shipping at that time would reach nearly 3000 million tons, which was stronger than that of Russia alone; but before the arrival of the 80s, the load capacity reduced to about 800 million tons.

Sandas listened and nodded. For shipping, Sandas believed that he was not as good as Wu Guangyao;
The reason to ask the end is just the normal behavior of shareholders.

"In March and April this year, those cargo/oil tankers leasing long-term contracts will expire, what is Mr. Wu's plan?" He Yuanzhang asked.

Wu Guangyao did not answer this question, but instead asked: "If you decide, what kind of contract would you sign?"

He Yuanzhang said without hesitation: "My reason for the short-term contract is that the shipping price has stabilized, and the short-term contract is obviously more beneficial; moreover, these ships have been surpassed by the Dongying people in the three-year long-term contract." It’s time for you to take good care of yourself when you’re using it under heavy load.”

He Yuanzhang's words are exactly what Wu Guangyao intended, so there is no need for an explanation!

"According to what you said, after all the ships expire, no long-term contracts will be signed. After the long-term contracts of these ships expire, they will undergo a major overhaul and maintenance." Wu Guangyao followed He Yuanzhang's words.

Next, Wu Guangyao brought the topic to the container port.

As a time traveler, I know that Li Chaoren has a total of 52 container terminals in later generations, and these terminals are published in 28 countries.

These container terminals are like a money printing machine, continuously bringing countless wealth to the Li family.

The terminal is like property rent collection, which belongs to lying down and making money.

Of course, Wu Guangyao in this world will definitely be better than Li Cucumber!
In later generations, Kwai Chung Container Terminal is the fourth largest container port in the world in terms of throughput; Kwai Chung has a total of nine container terminals, but Li Chaoren only has one container terminal, and it is still operated in cooperation with COSCO.

In this world, Wu Guangyao already owns three container terminals in Kwai Chung, which is a huge fortune.

There is also Tokyo Port, which has always been the port with the largest throughput in Japan in later generations, and Wu Guangyao also has a container terminal.

Of course, Wu Guangyao will continue to increase. To exceed Li Chaoren's 52 container terminals, at least 99 container terminals will be needed.

"Sing Tao has always been a strategic location, and the future of the port there is even better than that of Hong Kong Island, so Global Shipping has another task, which is to invest in a container terminal in Star Island. It just so happens that the Governor of Star Island is an old acquaintance of ours, I believe I can get some support.” The governor of Sing Tao that Wu Guangyao mentioned was named Park Liji, who served as Counselor of Hong Kong Island from 1952 to 1955, and Wu Guangyao also dealt with him.

Of course, HSBC has the best relationship with him, so HSBC will play the main role in this matter. After all, they are also shareholders of Global Shipping.

Sanders took the initiative to say: "Well, our Taipan has a very close relationship with Governor Bai. I don't think there is any problem with this. It's just that the container terminal has a huge investment and the cost recovery is slow. Should it be released first and mainly develop shipping."

"As you know, container terminals have been successful on Hong Kong Island and Tokyo, and the United States has also started container shipping. This shows that this is a trend. If we are one step late, the price we will pay in the future will be much higher. So, Star The container terminal on the island must be won this year; in the future, the route from Xingdao to the United States will use container shipping, which can save a lot of cost.”

Sanders compromised again because he believed in Wu Guangyao!

Rather than saying that HSBC invested in global shipping, it is better to say that HSBC invested in Wu Guangyao!
Basically, all of Wu Guangyao's properties need loans, and HSBC will agree!

Because HSBC has tasted too much sweetness, it has abandoned the other two big banks in recent years.

Today's land prices on Hong Kong Island, calculated based on official land sales prices, have risen nearly 1949 times compared to the trough in 10.

The general residential land has reached 50 Hong Kong dollars per square foot, while the hotel land is as high as 500 Hong Kong dollars per square foot (excerpted from Hong Kong Real Estate Centennial).

With such a high land price, naturally no real estate developer would dare to develop a large-scale residential complex like Changjiang Industrial, and none of them;

Even if it is a British foreign company, they have a lot of land, and they are not afraid to develop it on a large scale.

After all, according to history, it was not until the 60s that Mobil Corporation developed the first large-scale residential complex on Hong Kong Island.

Therefore, except for Changjiang Industrial who dared to develop large-scale real estate, or even large-scale commercial complexes, the rest of the real estate developers are small.

Their scale is less than ten buildings, and their floor area is only tens of thousands of square feet, which is far from Cheung Kong's 10,000+ square feet!
The investment environment on Hong Kong Island is relatively affected by external influences, so British capital does not dare to put all their eggs in one basket;
And the Chinese businessmen simply don't have enough funds to buy [-] square feet of land.

For example, Huo Yingdong earned almost US$200 million in the Mainland a few years ago, but when he developed real estate, the land price was already 35 Hong Kong dollars per square foot, and a pair of 15 square feet of land cost 525 million Hong Kong dollars. This project still needs 150 million Hong Kong dollars. Even if Huo Yingdong has this money, he would not dare to develop it like this, so it is better to develop tens of thousands of square feet of land.

Therefore, when Cheung Kong developed two large residential complexes, everyone looked enviously and jealously.

What they didn't know was that in 1956, Cheung Kong Industry was going to develop two large residential complexes, and they didn't know what to think then!
(End of this chapter)