Great Power Heavy Industry: Rise

Chapter 282 Zhongcheng Science Progress Award

After Zhong Cheng's speech, Li Changfeng reported on the company's operating conditions last year as usual.

In 2021, despite many internal problems and twists and turns in Red Star Company, it still maintained a very high level of growth under the background of China's rapid economic development.

The total operating income for the year was 23 trillion Huaxia dollars, an increase of 43.75% over the previous year.

For the first time, it surpassed the GDP of the Oriental country, and ranked fourth in the world's GDP rankings with the total operating income of a company.

Not surprisingly, the robot manufacturing company surpassed the nuclear fusion generator company in one fell swoop last year and became No.1 in the company's internal ranking list, while the electric car company also ranked No.2.

These three branches have become the new troika of Red Star Company.

Power battery companies and civil aircraft manufacturing companies ranked fourth and fifth respectively.

The five branch companies related to the Xihai Project, except for the biotechnology company, have all started to realize profits.

Among them, the total operating income of Hongxing Mining Company reached more than 2500 billion last year, ranking 13th in the group, the total operating income of Hongxing Chemical Company was more than 2100 billion, and the total operating income of Nano Building Materials Company also exceeded [-] billion.

These three branches have great development potential and are the main source of power for the increase in the output value of Red Star Company this year.

After the adjustment of the company's organizational structure, the output value of Red Star Logistics Service Company, which ranks last among the 63 branches, also reached 102 billion, which can be regarded as a big company outside of Red Star Company.

……

January 1, two days before the Spring Festival.

After the annual commendation meeting of Red Star Company, the annual regular meeting of the board of directors was held.

Zhao Dong announced a reward decision on behalf of his superiors, and it was precisely because of this decision that he postponed the annual meeting of the board of directors this year.

On January 1, Zhong Cheng submitted an application to the higher authorities for the establishment of the Science Progress Award, and the prize was paid by him personally.

Because his identity relationship must be approved by the superior department.

Zhong Cheng's idea of ​​setting up the Science Progress Award has been around for a long time.

Due to various reasons, scientists in the field of Huaxia military scientific research have been treated differently by some international scientific awards.

This made Zhong Cheng brood all the time.

With the support of his family, he decided to set up an unofficial award similar to the Nobel Prize to encourage those who have made outstanding contributions to the progress of China's science and technology.

Zhong Cheng's application attracted great attention from the superiors, who not only approved his application, but also rewarded him with 10 billion yuan, which was specially used for bonus payment.

On the one hand, this award is to encourage Zhong Cheng's public welfare activities, and on the other hand, it is also to compensate him for his great contributions to China's technological progress over the years.

Director Zhao also announced that the superior department decided to name this scientific and technological progress award "Zhong Cheng Science Progress Award", and the specific bonus distribution rules are determined by Zhong Cheng himself.

This award decided to surprise Zhong Cheng, money is only one aspect, he did not expect to name this award after him, this is a great honor!

A few years ago, Ye Wenxin joked about the establishment of the "Zhongcheng Science Progress Award", but unexpectedly it became a reality.

All the participants of the board of directors expressed their congratulations to Zhong Cheng, saying that the superior department has done a good job in this matter, and the establishment of the "Zhong Cheng Science Progress Award" is well deserved!

After Zhong Cheng brought the good news home, his family members were overjoyed and proud of Zhong Cheng.

But when it came to how to distribute this bonus, it caused everyone a headache.

Originally, Zhong Cheng's idea was to use the annual income of the whole family after deducting necessary expenses for bonuses.

But now that there is an additional 10 billion yuan, it cannot be carried out as planned in advance.

This huge sum of money must be used well, not only to increase the amount of bonuses issued, but also not to sit back and eat.

Father Zhong said: "It's easy to handle, just get the interest from the deposit bank."

Yang Shuzhen laughed when she heard the words, "How can the interest in the bank outrun the rise in prices, the money will only get less and less."

Ye Wenxin rolled her eyes and said, "Then follow the operation method of the Nobel Prize, use the 10 billion yuan plus family savings, set up a fund to invest and make profits, and then use the profits obtained to distribute prizes."

Dean Ye slapped his thigh, "Well, Wen Xin's idea is good. If the fund manages well, the bonus will increase even more!"

Director Zhao frowned and said, "But who will manage this fund?"

When Zhong Cheng heard this, he pointed to Yang Shuzhen without hesitation, "I don't think there is a more suitable candidate except Shuzhen."

Everyone nodded. Yang Shuzhen was the only one in the family who was engaged in business management, and she should be regarded as "unemployed" now, so it was the most appropriate to manage this fund.

Yang Shuzhen smiled and said: "If everyone is not afraid of losing money, I am willing to give it a try!"

"You may lose money if you do business, so what are you afraid of, let's make it like this!"

This is a very challenging job, and Yang Shuzhen is also very interested in it, so Zhong Cheng immediately settled the matter.

According to Yang Shuzhen's introduction, there are many types of funds, including public funds and private funds, as well as securities investment funds and non-securities investment funds.

She suggested that Zhong Cheng’s fund does not need to engage in public offerings because it already has a lot of original funds, and should choose a venture capital fund with greater risks but greater returns.

Seeing that everyone didn't quite understand, Yang Shuzhen explained what a venture capital fund was all about.

Venture capital fund, also known as venture capital fund, is a new type of investment institution that is widely popular in the world today.

It absorbs institutional and individual funds in a certain way, and invests in those small and medium-sized enterprises and emerging enterprises that do not have the qualifications for listing, especially high-tech enterprises.

Venture capital funds do not require asset mortgage guarantees from venture companies, and the procedures are relatively simple.

Its business policy is to pursue high returns in high risks.

Most venture capital funds participate in investment in the form of shares, the purpose of which is to help the invested companies mature as soon as possible and obtain listing qualifications, thereby increasing capital value.

Once the company's stock is listed, the venture capital fund can transfer the equity through the securities market to recover the funds and continue to invest in other venture companies.

However, because the objects of its investment are high-tech innovative enterprises with high risks, the failure rate is relatively high, generally around 60-80%, while the success rate is only about 5-20%.

Therefore, this requires the size of the fund to be large enough so that the venture capital fund can invest in multiple venture projects at the same time.

Thereby, through the success of one or several projects, the losses in other risky projects can be compensated and profits can be obtained.

Yang Shuzhen's explanation made Zhong Cheng's family look at each other in blank dismay. They have been living on their wages all their lives, and they feel a little unreliable for this kind of extremely risky investment behavior.

Yang Shuzhen went on to say that this probability of failure refers to ordinary venture capital funds, but for their fund, the probability of failure will be greatly reduced.

Ye Wenxin smiled and said, is it being run by a master like you?

Yang Shuzhen was overjoyed, and said with a smile, "You think too highly of me, not because of me, but because of Zhong Cheng."

Zhong Cheng was surprised, "I'm sure I won't have the energy to manage this fund, what's none of my business?"

Yang Shuzhen said: "It doesn't matter if you don't care about the fund, but this fund can use the resources of Red Star Company and even the resources of Huaxia Aviation Service Company because of your relationship."

Zhong Cheng hastily declared his position loudly, "Isn't this using power for personal gain? Absolutely not!"

(End of this chapter)