At the beginning of January 1986, Xinchuang Electronics Group entered the year-end summary meeting. The development of this year seems to be inconspicuous, but after the results are summarized, everyone on the scene is stunned!

Unconsciously, the company has not only developed into the largest company in Hong Kong, but also now it seems that the small pool in Hong Kong is a little unable to fit the dragon of the new venture electronics......

Of course, the new venture electronics group only keeps its headquarters and some R&D institutions in Hong Kong, and more assets are concentrated in China. At the same time, a large number of branches in overseas countries, such as those in Japan and the United States, have as much assets as they do in Hong Kong.

“…… Over the past year, we have continued to maintain high growth as of 12/31/85. In the whole year of 85 years, the total revenue of the group company (excluding Xinfei Electronic Technology) exceeded 30 billion US dollars for the first time, and the net profit reached 2.7 billion US dollars. At present, the company's total assets reach 83.6 billion Hong Kong dollars, net assets of 31.7 billion yuan, interest-bearing liabilities of 21.9 billion yuan, debt balance to be repaid within one year of 14.5 billion yuan, cash reserves of 15.7 billion yuan. Over the past year, we have successfully met the expectations of our Board of Directors and all shareholders, and we have seen an acceleration in revenue and profit growth. With the scale of our company, we have still achieved a doubling of revenue and profit, not only because of the credit of all our employees. Of course, we should be more grateful to Mr. Lin Qi, chairman of the board, because of his far-sighted layout, the achievement of the brilliance of the new venture electronics group...... Next, I would like to invite Chairman Lin to deliver a speech for all shareholders present. ”

At the annual general meeting of shareholders, all shareholders present applauded excitedly!

I feel excited and excited to be a part of the new venture electronics group company, and at the same time, I also worship and admire Lin Qi.

Although Lin Qi is not a great inventor like Edison and Tesla, he cannot develop an epoch-making product on his own. However, Lin Qi did a good job of explaining what it means to be a great boss. A great boss doesn't need to be good at management and doesn't need to have any technical background.

The most important thing about a great boss is his "feeling", which cannot be explained, often determines whether a business is great, mediocre, or dead......

Although, many employees and shareholders of ordinary companies find it difficult to identify with the boss's primary productive force.

But for some companies that are great because of the leaders of the business, the boss is indeed the primary productive force.

"Dear employees, dear shareholders, what I admire most about myself is not my foresight. More importantly, I can have such good luck to participate in this great era, and I am lucky to have the support of the elites of your times......" Lin Qi's first sentence made the employees and shareholders present happy, "Since ancient times, there are clouds, the time is not as good as the location, and the location is not as good as the people! Therefore, to do all kinds of undertakings, talent is the most critical element - those who win the hearts of the people, those who can use people will win the world! This will employ people more than management! Zhu Yuanzhang can become a famous founding emperor in history, and he should make good use of his knowledge, and his strategists are like clouds and fierce generals. And a fierce man like Xiang Yu can't achieve the overlord, and the more important thing is that he can't use people, and he can't use a strategist like Fan Zeng under his command, so he can only kill himself in the end!"

The applause at the scene was more intense than before.

"We're not located in Silicon Valley, we're in Asia. Therefore, it is more difficult for us to be more difficult than American companies in terms of technology, capital, etc., and we will be replaced by other Chinese capital, and when we develop to a certain extent, most of them will transform into companies such as trade, real estate, and low-end manufacturing. There is no future in Asia for creative and technological industries, and China is only suitable for low-end manufacturing, which is the view of Westerners!" Lin Qi said after taking a deep breath, "but I don't think so...... In fact, there are not a lot of things created and invented by us Chinese, and in Silicon Valley alone, there are many Chinese who serve as the core technicians and executives of Silicon Valley companies, and there are also many Chinese who have founded high-tech companies from scratch. Of course, given the invisible glass wall encountered by the Chinese in the United States, it is difficult to develop as smoothly as white Americans. Even a tech genius like Wang An, now his company is gradually going downhill, some people say that Wang An's strategy is wrong, but the deeper reason is that his Chinese-founded technology company is unlikely to be the first choice for first-class talents in the United States. In the early years, Wang An himself had the energy to engage in technology, so his company developed well, but when he was not energetic, he was not as sensitive to technology as young people, and the quality of his company's technical team was low, which was not enough to develop and improve epoch-making products, so it was inevitable to decline. ”

"I gave an example of the decline of Wang An's company mainly to illustrate one thing: Silicon Valley may be a treasure trove for white people, but it is not the best location for Asians, especially Chinese. Compared with the U.S. system, I personally believe that Hong Kong is more business-friendly, and the laws and rules here are even more business-friendly than in the U.S. At the same time, our geographical proximity to China not only solves the cost of our manufacturing, but more importantly, a large number of high-quality Chinese talents are continuously absorbed by American technology companies. The establishment of our new venture has a huge geographical advantage, at least in terms of attracting Chinese high-tech talents to join. ”

"Establishing a company in the United States, we are not only in terms of talent recruitment, we may be far inferior to now, we can only recruit a group of second- and third-rate talents in the American technology industry as the backbone, and now we recruit the best talents in China and Hong Kong every year. High-quality employees make our company have strong independent research and development capabilities. Even if many of them are in many fields, it may not be as easy as foreign counterparts to be blocked by technology, but it is precisely because of this that many of our technologies need to be tackled by ourselves or outsourced to our partners, and the end result is that we have to be forced to become the company with the most technology patents in the world...... If we can easily obtain a lot of technology and equipment, then we don't need to carry out so many technical research, and we don't need to have so many patents. Now, the external environment has forced us to become a technology company with the largest number of technology patents...... These difficult development processes have become our competitive advantage! Other competitors encounter process difficulties and first want to find solutions all over the world, and we have to research solutions ourselves. There are more and more solutions, we are less and less afraid of this challenge, and in fact, we are also the most complex problem solving company in the world......"

"In the beginning, when our company was very small, we could only focus on a single product, such as scientific calculators and Chinese cubes. But as we have more and more talents, more and more extensive. We can try all kinds of possibilities and insist on innovation on the basis of forming our product matrix...... For example, Pangu console, Phoenix arcade, palm entertainment portable handheld and other major directions, we continue to launch a variety of products with different prices and configurations, giving users more choices. At the same time, we will continue to test the impossible of the future...... We don't know what the future holds, so we need to test the waters more. We will still invest in and support more products that seem to have nothing to do with our main business, just to avoid that times have changed but we have stepped into nothing. No matter how much profit we make now, even if we will still be profitable in the next three or five years, it does not mean that we will still be safe in the future. So, we need to continue to invest the profits we make now into innovative projects that will enhance our ability to adapt to future changes...... The product matrix means that we need more R&D investment! Simply put, money is not earned for counting and playing, nor is it used to eat interest, but we need to invest more in R&D. Now we only invest less than $2 billion in R&D a year, and in ten years I hope that our R&D investment will grow to $20 billion a year......!

Lin Qi, who was forced to pretend, was dumbfounded, with a R&D investment of 20 billion US dollars, simply put, there is no such company in the world at present!

But after Lin Qi shouted such a big slogan, everyone present applauded excitedly!

Chairman Lin is right, other companies can't do it, so we work hard to do it!