My 1999
Chapter 163 Hongmeng China Financial Statements for 2000
After hanging up Jiang Xiaoyang's call, Xu Liang didn't pay any more attention.
Liu Jihong's incident is just a minor incident, the key lies in the development of the company.
Clear away distracting thoughts and focus on the financial data of Hongmeng China in your hand.
Hongmeng Huaxia's 2000 profit and loss statement.
The total income was 275.37 million Chinese coins.
The game business revenue is 170 million Chinese coins, Hongmeng website directory is 76.2 million Chinese coins, Bing advertising revenue is 11.04 million Chinese coins, Hongmeng game hall traffic share is 9.87 million, No. 1 store revenue is 5.79 million Chinese coins, Hongmeng music advertising and download revenue is 2.47 million Chinese currency.
Because Hongmeng Music has a large number of users, many music companies will promote their singers here, which also gives Hongmeng Music an extra income.
The income from genuine downloads is limited to the current network environment, only a few hundred thousand.
The operating cost is 202.13 million Huaxia coins.
The reason for the high cost is that Hongmeng has invested too much in hardware.
Gross profit was 73.24 million Huaxia coins.
Interest expense is 620,000 Chinese dollars.
Income tax is 18.31 million Chinese dollars.
Net profit was 54.31 million Chinese coins.
Balance sheet:
assets:
Cash and short-term investment are 54.31 million Huaxia coins.
Office equipment: 430,000 Chinese coins.
Goodwill (not counted)
Equity assets: 337 million Huaxia coins.
(10% stake in Yahoo Japan, 10% stake in Alibaba, 8.7% stake in Sina)
Seeing this, Xu Liangliang felt quite lucky. It was so profitable to get the 10% stake in Yahoo Japan.
In just two months, the value more than doubled.
And judging from the current development trend of Yahoo! Japan, this part of the equity will be more valuable in the future.
Long-term assets: 141.784 million Huaxia coins (data center)
Total assets: 533.094 million Chinese coins.
Long-term loan: 100 million Huaxia coins.
Total liabilities: 100 million Chinese dollars.
Net assets after deducting liabilities: 433.094 million Chinese dollars.
In other words, Hongmeng Huaxia earned Xu Liang 433.094 million Huaxia coins in assets during the entire two thousand years.
Xu Liang flipped through Hongmeng Huaxia's financial statements.
Among all businesses, the only ones that really make money are games and Hongmeng website.
Elsewhere, Bing, Yihaodian and Hongmeng Music are all losing money.
Bing's advertising revenue cannot cover hardware investment and marketing investment.
Hongmeng Music cannot cover hardware investment and investment in purchasing music copyrights.
Fortunately, everything is moving in a good direction.
Dong Dong…….
There was a knock on the door.
"Come in."
Wearing a brown business suit, Lily opened the door and walked in.
"Mr. Xu."
After asking her to sit down.
"Is something wrong?"
After nodding, he organized some words for Lily.
"Mr. Xu, I want to make offline music."
“In order to reverse Hongmeng Music’s money-losing dilemma?”
"yes."
He nodded affirmatively to Lily.
As the director of Hongmeng Music, I feel very uneasy seeing the company always losing money under my leadership.
Xu Liang also knows that due to China's copyright environment, it is unrealistic to rely on music downloads to make money like Apple, so ring tones are certainly good.
But now there are too few mobile phone users in China, and the sound quality is also very poor.
In addition, he did not want to develop the ringtone business so early before Hongmeng Music truly became the No. 1 music streaming media in China.
Otherwise, it is completely contributing to competitors.
In this case, if you want to reverse Hongmeng Music’s dilemma of continuous losses, entering offline is the only solution.
"how do you want to do it?"
"Currently, we at Hongmeng Music are cooperating with some independent singers. I want to first select those with potential to sign contracts, and then spend money to promote them.
In this way, more independent singers will be attracted to Hongmeng Music to upload their music, which will not only enrich our copyright, but also select potential singers for us.
This will form a closed loop.
Hongmeng Music Network selects outstanding singers, and after signing offline contracts, they carry out artist management business and concerts to develop greater value. "
Xu Liang nodded,
"Is there a list?"
"have."
The first name is Li Jian.
Xu Liang is no stranger to this name. The music scene has been developing for many years, and there is only one famous singer from Wudaokou.
The second Rollin.
Xu Liang had never heard of it at all.
The third one is the nerve-wracking combination.
What the hell is that name?
After looking at the information, Yang Linghua, Zeng Yi, and Zhang Jie were identified.
Xu Liang suddenly realized.
Isn’t this the ‘Phoenix Legend’?
Although I don’t know why they are still a ‘Nervous Group’ and there is an additional Zhang Jie. Xu Liang is not a professional in the history of music development, so he doesn’t know.
But just know that they have development potential.
He has also never heard of the next few.
However, he did not question Xiang Lily's choice.
He didn't know much about music itself, so there was no need to conduct blindly, just looking at the results was enough.
"I agree. The company will grant you 2 million to test the waters first."
"Thank you, Mr. Xu."
Xiang Lili said happily.
"Don't be too happy first. The company will see results after spending money. So, I'm waiting for your good news."
"Don't worry, I will work hard to develop the company."
"Go ahead."
Xiang Lili quickly turned around and left.
——
night.
After Jiang Xiaoyang changed into his pajamas, he held the information on Hanhua Mars No. 1 and No. 2 funds in his hand and was looking at it intently.
‘Dong dong…. ’
A knock on the door suddenly occurred to me.
"Come in."
Jiang Weiguo, wearing a cyan V-neck pajamas, opened the door and walked in.
"has not rested yet?"
"Dad, why are you here?"
Jiang Weiguo handed over the milk in his hand, "Mom has warmed it for you. Let me bring it to you."
"Thanks."
Jiang Xiaoyang took it and drank it one sip after another.
Looking at his father sitting on the chair next to him, "Dad, do you have anything else to do?"
After nodding, Jiang Weiguo smiled and said, "Your mother told me everything about today."
"dad……."
After waving his hand to interrupt her, he said, "Don't worry, dad has no intention of interfering with your feelings. You make your own decisions about your own marriage, but I will never allow anyone to bully my daughter. Do you understand?"
"Thank you dad."
Jiang Weiguo nodded and said, "I want to ask you something. Is the valuation of Hongmeng Company really what you said? It is already one billion US dollars?"
"How do you know? My mother told you?"
"Your mother still doesn't believe it. She went to me for confirmation just now. To be honest, I was also shocked. As a city parent officer, you didn't know that there was such an amazing company in your jurisdiction? It's really derelict in your duty. very."
"Dad, the valuation is just an valuation, it is different from the actual value."
During lunch, in order to fool Liu Jihong into not interfering with her feelings, she deliberately exaggerated Hongmeng's valuation. But with Dad’s shrewdness, overexaggeration can be harmful.
"I know that. The valuation is very high, but how much is the actual value of Hongmeng?"
"I don't know either. Only by obtaining accurate financial data can we give a relatively accurate valuation. I don't have Hongmeng's financial data for 2000.
But I estimate that its valuation is between US$600 million and US$800 million. "
"Now that global technology is shrouded in the context of the Nasdaq crisis, can Hongmeng still have such a high valuation?"
Jiang Xiaoyang nodded.
"Hongmeng is different from those Internet companies with weak profits. Its gaming business and Internet business are very profitable, and its model is clear and sustainable.
Capital is not stupid and has the ability to identify what a truly good company is.
Moreover, it is precisely because of the current Internet winter environment and the lack of good companies that capital may give higher valuations to snatch truly valuable companies. "
Jiang Weiguo nodded. Although he didn't know much about the Internet and the financial industry, the basic logical thinking in the business field was similar.
There are always people clamoring for good companies.
"It seems that I will pay more attention to Hongmeng Company in the future. It is rare to find such a golden phoenix. If it flies to someone else, your father will be completely embarrassed."
"Then you'd better do it quickly. Hongmeng is developing very fast, and it will also start financing this year. By then, its shine will no longer be hidden."
Jiang Weiguo nodded and said, "Hongmeng is developing so well, why do we still need to raise funds?"
"Of course it is for the international market. Xu Liang said that while they will continue to consolidate the East and Southeast Asian markets this year, they will also explore the European market, where money is flowing like water."
Jiang Weiguo nodded.
"Okay, I understand. You have a good rest, I'm leaving."
"Um."
After watching his father leave, Jiang Xiaoyang took out his cell phone and dialed.
It didn't take long to get through.
"Hey, haven't you slept yet?"
"not yet."
“Don’t women all have to take beauty sleep?”
"You know a lot. By the way, I forgot to tell you something."
"What's the matter?" Xu Liang asked curiously.
"You successfully deceived my mother, and then my mother conveyed it to my father. Now my father is also shocked by the scale of your Hongmeng. As expected, good policies will fall on your Hongmeng in a few days." Jiang Xiaoyang smiled.
"Really? That would be great."
"From your tone, Hongmeng is still short of money now?"
"We have plenty of money, but we lack background. When Magistrate Jiang comes to Hongmeng for a visit, we can raise the banner of tiger skin and scare those ghosts and monsters, and Hongmeng China can also raise funds later." Xu Liang said.
New Dream's debts are so high, but no one is ever in trouble.
The 'Top Ten Innovative Enterprises in Capital City' signboard, as well as the photo of Governor Jiang, him, and New Dream's senior executives occupied a large part.
So he also wanted to visit Hongmeng, and now he finally had the chance.
"What are you afraid of? If someone does use a damaging move, why don't they just come to me?" Jiang Xiaoyang said.
"I don't want the relationship between us to be mixed with too many interests."
Xu Liang's words hit the point directly, instantly making Jiang Xiaoyang's heart soften.
"The feelings between us are not mixed with interests, so you are not allowed to resist alone when something happens, you know?"
"Don't worry, I'm not that stupid. If I really can't handle it, I'll definitely ask you, the big boss, to step in."
"That's pretty much it. Okay, it's getting late, so hang up. I still need to get some beauty sleep."
"OK, good night."
"Good night."
Xu Liang put down his phone and looked happy.
"What a surprise."
The day after receiving the call, Hongmeng received an inspection from Jiang Weiguo.
Xu Liang personally accompanied him and walked around in a circle. After having a full understanding of Hongmeng, Jiang Weiguo left.
Maybe it was because of work, but he didn't ask about the relationship between Xu Liang and his daughter.
Thanks to the book friend "Ximen Liangren" for the 100 starting coin reward, thank you very much.
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