Hong Kong's new giants

Chapter 385 [Year-end Summary]

Monday, May 1.

It has been 20 days into the new year, and all the companies under Lin Zuhui have entered the end-of-year summary stage. It is another harvest year, and he will not let down investors and employees.

In the conference room of the New Era Group, Lin Zuhui and a group of high-level executives are conducting a summary meeting.

财务董事梁真勋认真的汇报道：“去年（1990年），我们全年盈利为80.5亿港币，其中有41亿的非经常性盈利、33.5亿的地产/置业盈利、其余综合盈利为6亿盈利.盈利不包括恒昌控股。”

There were joyful expressions on the faces of everyone, this profit will exceed the Changshi Department by a large margin.

Of course, the reason is that the non-recurring profit of 41 billion is too exaggerated, and the sum of Hutchison Whampoa and HK Electric is not so much.

The profit of 33.5 billion real estate/home ownership is also very high, and the Cheung Kong Group in the same period did not exceed 30 billion.

In fact, in terms of real estate development alone, the floor area supplied by New Times Group last year was not as large as that of Changshi, nor was it listed by Sun Hung Kai Properties.However, the rental properties of New Times Group are incomparable to these real estate companies, even though there are many buildings being rebuilt.

This year, the sale of half of the shares in Harcourt Building and Royal Building to the Lin family, as well as part of the shares in Central Plaza, also generated a net profit, just to smooth out the interest.

The integrated sector made a profit of 6 million Hong Kong dollars, which is also very good, mainly from shipping, hotels, construction, and retail (already profitable), while ports, telecommunications, etc. lost money.

Hengchang Holdings has only joined for a few months, so I won't show it for now.

Lin Zuhui joked with a smile: "We earn a lot and spend a lot. Now we have more than 30 billion liquid funds in our account! Moreover, this year (1991) the group has almost no non-recurring profits. However, the Gulf War is progressing well, it should be It is hoped that it will end soon, and then Xiangjiang Real Estate should usher in a new round of growth. This year we have Scenery Garden, and if the real estate increases by a few percent, the prospect is promising!"

Everyone smiled. They believed in the boss's words. The Gulf War broke out and the Hong Kong stock market rose. This in itself is good news for the real estate industry.

Then, Chen Bin also began to report: "The land reserve of New Era Group, according to statistics, is 2350 million square feet, ranking second in Xiangjiang. It is only second to Sun Hung Kai's 2800 million square feet and higher than Henderson's 1300 million. Square feet. New Times Group still has 1500 million square feet of farmland. Last year, we completed and sold a total of 260 million square feet of floor area, with a profit of 850 yuan per square foot, and a total profit of 22.1 billion yuan. This year, we expect 300 million square feet of floor area completed and sold!"

Because Lin Zuhui knew that housing prices would rise by [-]% this year, the supply should naturally not increase too much, so as not to reduce the reserve land.

（PS：前世同一时期新鸿基土地在3300平方尺，90s末更是高达5000万平方尺；恒基同一时期为1650万平方尺，1996年为2420万平方尺）。

According to Lin Zuhui's guess, the rise of New Era Group has had a greater impact on Chinachem and Cheung Kong; Category.

It also has a great impact on Chinachem Real Estate. In the previous life, Chinachem Real Estate was one of the best owners of the "land exchange rights and interests". Now the New Times Group has the most land exchange rights and interests.Whenever no one cares about the "land exchange rights and interests", New Era Group always wins them all at the first time.

As for Li Chaoren's long-term success, Li Chaoren's heart has been heartbroken for a long time just by grabbing two large housing estates - the top of the Lantian subway station (Sceneway Garden) and the Heyuan Power Plant (Haiyi Garden).

In addition to obtaining land through land exchange rights, old real estate, private auctions, and official land auctions, New Times Group has been sought after by some land-owning business owners in the past two years because of its good reputation and ability to grasp the real estate situation.

They took the initiative to contact New Era Group to jointly develop their land, which is a very good cooperation for both parties!
For entrepreneurs, they only have land (the factory has been relocated to the mainland), but they have no experience in real estate development; while New Era Group not only cooperates and takes care of allies, but also has a good grasp of the general trend and can sell houses at high prices.

For New Era Group, they don't need to use land reserves, they only need to take out a small amount of capital as start-up capital, and they can complete a real estate project through loans and sales of off-plan and off-plan houses, which is quite cost-effective.

Lin Zuhui immediately said: "Prepare to release 750 residential units in Scenery Garden by the end of March."

Chen Xiaofen nodded quickly and said, "Okay!"

Sceneway Gardens has a total of 4100 residential units. By the end of March, 750 residential units will be sold. It is estimated that there will be no problem selling 2400 yuan per square foot, and it will be able to return more than 12 billion in one go;

Because Lin Zuhui calculated the average selling price for this community at an average price of 3500 to 4000 yuan, it will be sold out in three years.

As far as Lin Zuhui knows, Xiangjiang needed more than 90 residential units in the 50s in the previous life, but only 36 residential units were actually manufactured.The demand is still very fierce, but some people cannot afford it!

As the largest real estate company in Hong Kong, Gao Yi, the president of China Real Estate, also reported immediately.

Although there are several reconstruction projects at present, it still does not affect the huge scale of the rental property area of ​​Chinese Land.

Wharf Group's five buildings in Harbor City have not yet been rebuilt, and Times Square has not yet been completed; the same is true for Taikoo City, Taikoo Place has not yet been acquired, and the second phase of Taikoo Center has not yet been completed.

With a net profit of just over 10 billion from rent collection, it is undoubtedly a very profitable real estate company. It should be the number one, surpassing the existence of Wharf.

Next, the senior staff gave reports one after another, and the atmosphere in the conference room was very good.

After the meeting, Lin Zuhui left Liang Zhenxun alone.

"I plan to let New Times Group announce its annual results and distribute dividends in the next year. It will distribute 1 Hong Kong dollar per share, involving 15 billion funds!"

Liang Zhenxun said in surprise: "So much? The dividend is really high, Chang Shi and Sun Hung Kai are probably only half of it!"

Lin Zuhui said with a smile: "With such a high dividend, we naturally hope that the stock price will skyrocket. In March, we will announce the revaluation of the company's assets, which will make the stock very hot!"

Liang Zhenxun understands that the boss is planning to raise funds, issue bonds, and borrow money on a large scale, and the company may have a new round of expansion.

"Okay, I will definitely arrange it!"

After Liang Zhenxun left, Lin Zuhui smiled slightly.

Since May, he has raised at least 80 billion Hong Kong dollars, the rights issue is only part of the fundraising, and the rest is through the issuance of convertible bonds and borrowing.

Because after he entered the banking industry, it would not be so convenient to borrow money, so he simply made a big one.

From next year (1992), New Era Group will always have a large amount of cash flow in its accounts, and its debt will not be high.Whether it is investing overseas or in the Mainland, it seems to be easy to do.

LEIT Group.

Last year (1990), the net profit of the LEIT Group reached 5.8 million, making another brilliant achievement.In the new year, Lin Zuhui plans to start preparations for acquisitions, strive to enter the international fashion field, and improve the quality of the entire group.

Of course, before this, LEIT Group still has a lot of things to do.

In the conference room, Lin Zuhui listened to the reports of various brands, with a faint smile on his face, expressing his satisfaction.

"Crocodile has opened 106 stores around the world, all of which are self-operated stores; among them, there are 36 stores in Xiangjiang, 32 in Japan, and 16 in Southeast Asia. All over Europe, America and Asia."

"Jeanswest currently has 58 stores, and Xiangjiang has 22 stores. They are all over Europe, America and Asia."

"Giordano currently has 52 stores, 18 in Xiangjiang, and 16 in Taiwan. They are all over Europe, America and Asia."

"There are 36 IT fashion retail stores, and 18 in Hong Kong. All over Asia."

"Da Nei Secret Detective. At present, 3 stores have been opened in London, and the word-of-mouth reputation of high-end underwear has been preliminarily confirmed. The 'big secret catwalk' will be officially held in July."

"Lukfook Jewellery, currently has 12 stores in Xiangjiang. It is preparing to go public!"

"In addition to the Group's business in the manufacturing sector, the foundry business has already accounted for 3%."

After listening to everyone's report, Lin Zuhui said: "Very good, this year we will make persistent efforts! This year our task is still to operate globally. I will also strengthen the group's management and design capabilities, and I will enter the European fashion industry!"

Everyone was surprised at once. Although crocodile shirts, Giordano, and Jeanswest have all entered Europe, they dare not say that they have entered the European fashion industry.

Could it be that you are talking about the underwear brand Ouchi Secret Agent?
For a while, everyone became curious.

Seeing this, Lin Zuhui said with a smile: "Naturally, through acquisitions, our company will become a multinational enterprise!"

Everyone suddenly realized that this is what the boss is good at!

Everyone knows that the boss's goal is to build the LEIT Group into the LVMH Group in Asia, and this goal can only be achieved through acquisitions.

But Lin Zuhui actually planned this way, and the current market value of LEIT Group has reached 38 billion.Once the results are announced, coupled with this year's market, there will be no problem with the market value rising to 60 billion.

He will raise funds through a rights issue to prepare for the acquisition funds!
As for the profit of the group, it is kept as a development fund.

After the meeting room was over, Lin Zuhui had a meeting with the president Chen Shiwen alone.

"You go to Europe to upgrade the office into a European headquarters, and recruit elite talents, mainly designers, marketing operations and other talents. Later, I will acquire a European brand as a step in our brand promotion!"

There are indeed many acquisitions of European and American companies by Xiangjiang people. For example, in November 1987, Dickson Poon announced that, with the approval of the French government, he had acquired the head office of the famous French brand Dupont for US$11 million.Dupont company is a brand-name company with a history of more than 200 years, serving the French upper class.

There are too many famous brands in Europe, and Lin Zuhui will naturally not let them go.One advantage of acquiring famous European brands is that they can be introduced to Asia for promotion.

Chen Shiwen immediately said: "Well, I will get ready as soon as possible!"

(End of this chapter)