The financial statements for the second quarter of 1982 were released, with an after-tax profit of £28.5 million, up 14% from £25 million in the first quarter, but lower than the 15% to 20% forecast by analysts, which also contributed to the recent decline in the share price of Akon.

In the first half of 1982, the total sales of ABC series computers reached 477,000 units, and the sales volume of CW-8203 workstation computers reached 12,000 units, and the sales volume within half a year has exceeded 450 million pounds, and the global market share of similar products has reached 50%.

However, the large amount of marketing funds invested by Aikang Company for the listing of CW-8203 workstations, as well as the company's previous expenses in technology research and development, marketing channel construction, etc., reduced the company's net profit. In fact, the decline in Aikang's stock price can be regarded as a rational correction to the previous sharp rise. Since its IPO last year, the company's share price has continued to climb, with a total market capitalisation of £2.7 billion.

The average price-to-earnings ratio of the London Stock Exchange is 12.5 times, while the price-to-earnings ratio of Aikang is already as high as 25 times, so it can be said that the stock price is somewhat inflated. Therefore, the decline in stock prices is not all bad for the company, and it can squeeze out some of the bubbles generated by investors' enthusiasm in the early stage, so that the company's value can return to rationality.

Although the share price of Aikang has experienced a wave of decline, the current total market value is still as high as 2.35 billion pounds. However, some of the management of Aikang, with the support of some minority shareholders, demanded that the company carry out reforms to improve its performance.

In fact, this can be completely vexatious. Aikang is in a period of rapid development, and there is no problem of being too big. Taking sales performance as an example, the company's total PC sales for the whole of last year were 620,000 units. In the first half of this year, sales have reached 477,000 units, and the annual sales are expected to hit the 1 million mark, and the annual sales growth rate will definitely be more than 50%.

"Li Sheng!" Albert Hawke also put some effort into Cantonese, at least the word "Li Sheng" was pronounced, but he would also say just one or two words, and then continued to say in English, "Now within the company's management." There was some disagreement on the next development strategy. If this kind of contradiction and controversy continues, it will not be conducive to the development of the future. That's why I'm hoping to make changes to some of my positions!"

Oriental Technology, the core holding company of Oriental Group, holds 60% of the shares of Aikang. Hawke only needs to get Li Xuan's consent to have enough voting power for the board to reshuffle the management.

"I would like to remove Mr. Currie from his position as Chief Technology Officer. Evan Kwong will take over as CTO!" Hawke continued to say to Li Xuan.

Chris Currie was one of the three founders of the original Elken company, and he served as CEO of Elken until Hawker joined iKang. But after Hawke joined, Currie relinquished the position of CEO. Became the company's CTO. He is the founder of Aikang. There is still a certain influence within the company. Curry is also one of the representatives within Aikang who is now advocating to break away from the influence of Hong Kong's Oriental Bloc and seek independent development.

When Li Xuan bought Aikang at that time, he completely bought out the entire company with 2.15 million pounds in cash, and the three founders, including Currie, did not retain any of the original shares in the new company. After Aikang went public, in just one year, the total market value has soared to more than 2 billion pounds.

As one of the founders of the company, Currie received a small number of options when implementing the equity incentive plan. He didn't reap much of the benefits of this wealth-making campaign. The British "Sun" also deliberately listed him as a tragic figure who missed out on billionaires, and then under such public opinion. Currie was naturally a little unbalanced, so he made the wrong choice.

Evan Kwong, who was nominated by Hawke to replace Curry as the new CTO, is actually named Kwong Jinliang in Chinese. Kwong joined Dongfang Electronics in 1980 and was responsible for leading the company's computer research and development team. After Li Xuan merged Dongfang Electronics' internal computer R&D department with iKang, Kwong Jinliang became the head of iKang's Hong Kong R&D center.

Hawke's preparation for Kuang Jinliang's new appointment is naturally showing favor to his big boss Li Xuan. Compared with most of the current management in Aikang, Kwong Jinliang, who has been working in Hong Kong, has a much closer relationship with Li Xuan.

At the beginning, Li Xuan opened a lot of gold fingers in the research and development of the ABC series of computers, and these gold fingers were specifically realized by Guò Command Kuang Jinliang. If someone is careful to search for early patents on the ABC family of computers, including the key-102 keyboard patent, many of the patents have the name of Evan Kwong on the co-developers.

Li Xuan nodded, and he recognized Hawke's suggestion. Chris Currie has not contributed much to the development of Aikang except for the name of the founder of the company, and it will not be much to lose by sweeping him away.

Hawke's nomination of Kwong as CTO is clearly an attempt to correct previous mistakes and reinforce iKang's ties with Hong Kong. In fact, Hawke's mind has always been very clear-headed. He and other executives have not contributed much to what Akon has achieved now. In contrast, the development of Aikang relies more on the support of the entire Eastern Bloc.

For example, of the total 455,000 units sold in the first half of this year, 250,000 units were sold through the computer park company's chain stores. Aikang's self-built sales channels are mainly concentrated in Europe, while the sales work in the United States and Japan is mainly completed with the assistance of Oriental Trading.

In addition, many important patents for the ABC series of computers, as well as the CW-8203 workstation launched this year, are in the hands of the Oriental Research Institute, and Aikang has only obtained permission to use them. In addition, the processors required for the production of ABC series computers and CW-8203 workstations, as well as supporting application software, are also developed and produced by other subsidiaries of Dongfang Electronics. Even the Hong Kong electronics factories that produce for Aikang are inextricably linked to Dongfang Electronics.

It can be said that Li Xuan's penetration of Aikang Company is all-round, not to mention that he still holds 60% of the equity in his hands. Not long ago, the Oriental Group made a strategic investment in a Taiwanese electronics company. The Taiwanese company, called Acer Key, used to produce a type of personal computer called "Little Professor No. 1".

Of course, although the "Little Professor No. 1" is also called a personal computer, it is actually just a rudimentary single board computer, and it is not the same thing as a personal computer such as ABC computer. As the name suggests, it is just a bare circuit board, which can only carry out simple input and output, and does not have a special chassis and display like ABC computers.

The "Little Professor No. 1" sold well after it was launched in Taiwan, and with a retail price of less than $200, it was also exported to the American market. But Acer is clearly not willing to just make such simple gadgets, and they want to really tap into the burgeoning PC market. The rise of Dongfang Electronics in Hong Kong obviously made Acer see an opportunity.

Mr. Shi Zhengrong, the founder and president of Hongji Company, personally led ten technicians from Taiwan to Hong Kong. He and the technicians rented a house in Sha Tin to settle down, and then immersed themselves in the technical data of the ERM architecture in the Oriental Research Institute, preparing to fully understand the performance of the ERM-1 processor as quickly as possible, and then launch their personal computers as soon as possible.

In order to obtain the full support of the Oriental Research Institute, Shi Zhengrong also persuaded the other six partners to agree to let the Oriental Group take a stake in Hongji as a strategic investor. In line with the principle of not putting all eggs in the same basket, Li Xuan is naturally willing to invest in this Taiwanese company that once topped the sales champion of the personal computer industry in later generations.

Before Li Xuan's rebirth, the total output value of the entire computer industry had exceeded 200 billion US dollars, and it was impossible for Aikang to eat them all. In another time and space, the domestic Lenovo latecomers are on top, and the market share is only 20% when it ranks first in personal computer sales. With the full support of the Oriental Group, Li Xuan will be satisfied with the market share of about 30% after 30 years.

But Li Xuan's stake in Hongji Electronics is definitely a very bad signal for Hawke, which means that Aikang's position in the entire Eastern Bloc is declining. It's just a strategic stake now, and it's likely to be a full-fledged acquisition in the future. If Ai Kang is not obedient, Li Xuan can turn to support this new computer company at any time.

Of course, this is not very likely, but Hawke really feels the crisis. Therefore, he decisively chose to come to Hong Kong and communicate with Li Xuan in person. In fact, he has always hoped to play a balance between major shareholders and minority shareholders, which is more conducive to his control of the entire listed company. After all, if he fully surrenders to the side of the major shareholder, Hawke also needs to worry about whether he will be slowly hollowed out by the executives sent by Hong Kong.

But now, he has to make a decision, and his choice will undoubtedly make you more satisfied. In addition to kicking out Chris Currie, one of the founders of iKang, senior vice president and CEO, Hawke is also preparing to remove another senior vice president in charge of marketing.

In addition to serving as senior vice president and CTO, Kuang Jinliang will also replace Curry as a director of Aikang Company. The other vacant position of senior vice president was reserved for Hawke to promote his cronies.

As for the next adjustment of middle-level positions, Li Xuan didn't pay much attention to it, and it was coordinated by the executives themselves. But what is certain is that those who liked to see the company were born in the Oriental department and were faintly suppressed will get a lot of opportunities this time, so as to shorten the distance between Aikang and Hong Kong. (To be continued......)