Hutchison Building:

"Xu Sheng, this is the company's financial report for the last quarter of last year. In the conference room, Richard handed over a document.

"The net profit is 64 million Hong Kong dollars, which is not bad!" Xu Zhi didn't bother to look at the reports of the branch above, and directly glanced at the last figures.

Since becoming chairman of the board of directors of Hutchison Whampoa at the end of last year, Xu Zhi has not rushed to participate in the company's operations, but has sent Ma Shimin to Hutchison to gather detailed information about the entire company.

Although he had been mentally prepared, when Ma Shimin sorted out all of Hutchison's business, he still scared Xu Zhi.

Hutchison's predecessor, Taipan Qi Dezun, was bent on expanding the company's scale, and regardless of the company's operational capabilities, he forcibly acquired hundreds of companies, which eventually led to the rupture of the company's capital chain and HSBC's ownership of Hutchison.

It took a year to sell more than 100 branches, and with the help of real estate recovery and HSBC, Hutchison began to turn a profit.

Li Chard said with a smile: "At present, the business development of various departments of the company is good, and according to estimates, the net profit this year should reach 400 million Hong Kong dollars." ”

"Yes, this increase in housing prices has really helped us a lot!" Xu Zhi said with emotion.

Richard's face suddenly looked very bad, and Xu Zhi's sentence obviously attributed Hutchison's large increase in profits to the rise in housing prices, rather than his operation class.

Xu Zhi continued: "At present, there are still too many branches under Hutchison, although many companies are also making profits, but the profits are too low, which will only increase the company's operating costs, so I decided to slim down the company!"

"Slimming?" Richard was a little taken aback and asked, "How to lose weight?"

Xu Zhidao: "Hutchison's main business is currently ports, real estate hotels, retail, daily necessities business, communications, investment companies, etc., I plan to keep only the core of these things, and sell all the rest!"

"Sell them all!" Richard exclaimed: "Xu Sheng, I don't agree, although there are many kinds of businesses under Hutchison, many of them can make profits from their own hematopoiesis, and it's a pity to sell them." ”

"I'm not interested in a business that's too small, no matter how high the profit margin is. Xu Zhi said with a smile that for a super-rich man, investing 10,000 yuan in a business, even if the profit margin is 1,000%, the income is only 100,000.

For a large company, it is the greatest success to be able to operate well in several businesses, and if you need to diversify in the future, you also need to follow the situation of your own business to carry out upstream and downstream supporting development.

For example, Midea Company, from arcade to handheld to home game consoles, from household appliances to personal computers, these belong to the electronics industry, and will also develop to the upstream semiconductors industry and downstream sales channels in the future.

But unlike Huang, the business is complex and chaotic, in addition to a few main businesses, there are also travel companies, sweater factories, car rental companies, small hospitals and other messy industries, some of which are losing money and some are profitable, and a few A4 sheets of paper can't accommodate all the names.

Richard said: "If these companies are removed, the scale of Hutchison will be much smaller, Xu Sheng, isn't your acquisition of Hutchison to increase your influence?"

"A fat person only weighs as much as a normal person who is a little thinner. Xu Zhi said with a smile: "If all these companies are sold, they can also recover a lot of funds, and they can develop Huang's main business, which is a benign development."

Qi Dezun has an overappetite, and he just struts Hutchison to death, Wei Li is better, but he is also reluctant to have so many companies under him, otherwise, if he had cleaned up these useless companies earlier, Hutchison's original performance would definitely be better!"

Richard frowned, as if he was still thinking about some reason to refute it.

Xu Zhi said again: "What, are you worried that the board of directors will not agree?"

"Xu Sheng said with a smile, you already own 49% of the equity, who can object!" Richard said with some frustration.

"Then do it!" Xu Zhi said with a smile, when he became the owner of Hutchison last year, his shares were only 30%, but in the past few months, Evergrande has been slowly absorbing Hutchison shares, and several foreign funds have sold 12% of the shares at one time, Evergrande has completely controlled Hutchison, and the board of directors has become Xu Zhi's words.

Richard still had some ideas at the beginning, but after knowing that Xu Zhi's shares were completely extinguished, Ma Shimin also took the opportunity to win over many ghosts, and Hutchison's most important finance department was also controlled by the Chinese arranged by Xu Zhi.

Now that he has controlled Hutchison, he naturally has to develop according to his own plan, he is not the Li Jiacheng of later generations, and he can get around the hustle and bustle of hundreds of branches, so he decided to sell all these small branches, and after raising funds, and then take advantage of the golden opportunity in the future, he will definitely be able to obtain greater benefits than in history.

"Wait!" Richard was just about to leave, Xu Zhi suddenly stopped him, pointed to the line of financial statements in his hand and asked, "Our company's terminal business still has cargo ships?"

Richard glanced at it, nodded and said: "Yes, before the merger, the main business of Whampoa Dockyard was wharf, ship repair and shipping services, and the company currently has 13 cargo ships. ”

"All sold. Xu Zhi immediately said: "Other companies can take their time, but the ship must be sold immediately." ”

The shipping crisis is coming, in addition to Bao Yugang's successful landing, several other major ship kings in Xiangjiang are either bankrupt or survived for more than ten years to recover, and there are not many freighters under the Hutchison flag, but it is better to clean them up as soon as possible.

……

It took Xu Zhi to roughly deal with the affairs of Hutchison Whampoa, and almost all the investment plans for the next two years Xu Zhi participated, and as the chairman of the board of directors, he determined the follow-up development plan.

Among them, the real estate industry is the top priority, it is now the beginning of the 80s, the peak of Heung Kong Real Estate was in the second half of 81, but in the first half of 82 it only declined, but the house price is still much higher than now, that is to say, before September 82, Hutchison had better dispose of all its non-prime commercial undeveloped land.

Real estate is very profitable, but Xu Zhi intends to focus on some prime locations, and in the future, he will also focus on the development of commercial real estate, and some of the more remote locations will sell all the properties after development, return funds, and prepare to make a large number of acquisitions when the real estate trough in 83-84.

The wharf business is the foundation of Hutchison, with an annual profit of more than 100 million Hong Kong dollars, which is higher than the income of a large number of banks in Heungjiang, and controlling the wharf controls the economy of Heungjiang, which is also the foundation of Li Jiacheng's large-scale business expansion in later generations.

After temporarily settling down with Hutchison, Xu Zhi prepared to go to Shenhai City for the second time.