Chapter 762: The End of the Annual Meeting and the Dinner
After more than three hours of meetings, the new venture electronics group company audited and approved the financial statements (draft) for the 92nd year. After that, the draft dividend of 48 billion Hong Kong dollars was also voted on.
According to the current financial report of the consolidated holding subsidiary of Xinchuang Electronics Group, theoretically, the profit is more than 160 billion Hong Kong dollars, and more profits can be divided.
But in fact, as more and more subsidiaries are divested, although the profits of subsidiaries are consolidated into the financial report of the parent company, the profits of many heavyweight subsidiaries are not directly handed over to the parent company.
The cash flow that the parent company can get is mainly the dividends paid by the subsidiary. and the parent company's proprietary business, such as patent licensing fees, short-term profits and cash from the realization of investment business. But overall, if the parent company does not forcibly requisition the cash of the subsidiary, last year's profit will only lie directly on the parent company's bank account, which is only more than 80 billion yuan.
Although the remaining profits are also attributable to the interests of the parent company, they are temporarily retained in the accounts of the subsidiary and allowed the subsidiary to continue to be used to create wealth, so it cannot be used as a flexible cash flow for the parent company for the time being.
Of course, with years of accumulated family funds, the new venture electronics group can withdraw two or three hundred billion yuan of cash at any time, but that is the cash that can only be mobilized by increasing debt leverage.
At present, such a dividend resolution, on the one hand, takes into account the stability of shareholders' annual dividends, and on the other hand, it takes into account the future development of the group company, so although there is more cash in hand, it cannot be excessively dividend.
The dividend of 48 billion Hong Kong dollars, although it is a slight increase of 1 billion Hong Kong dollars over last year, but relatively speaking, the growth of dividends has not synchronized with the growth of profits, but has been slower than the growth rate of net profits.
Of course, the shareholders of Xinchuang Electronics Group are basically satisfied with this result. Because, measured by the company's net assets, the net assets of Xinchuang Electronics Group are only more than 390 billion Hong Kong dollars.
With a net asset scale of more than 390 billion Hong Kong dollars, how can 48 billion yuan be paid dividends, how can shareholders not be satisfied?
What's more, more assets remain within the company, and it is the hen that is able to hatch more golden eggs. After getting dividends, looking for investment projects outside, it is rare to be as profitable as a group company.
Towards the end of the shareholders' meeting, Lin Qi proposed that the group's strategy in the future will focus on the dual-driven strategy of "product, market, R&D" and "R&D, product and market".
"Product, market, R&D" means to have products first, find ways to realize profits through market sales, and then invest profits in R&D.
"R&D, products, market", continue to invest in asset R&D, and wait until R&D has results, we must find ways to transform them into products, so as to avoid a large number of scientific and technological achievements staying in the laboratory and not being transformed into commercial applications.
"As a relatively leading technology company, we should become the greatest technology company on the planet in the future, constantly creating great and era-changing products, not just following others and copying them. Of course, if a product is not so good if someone else invented it first, we can also make a better one. If you simply follow the trend and imitate products that are not as good as others, that kind of low-quality follow-up, I don't advocate it! A technology company must have the ambition to change the world and let the world be changed by our products and technologies, and only through its own strength, change the world bit by bit, and fill the world with our products and solutions, is the great company in my mind!"
After Mr. Lin finished the last bit of chicken soup addiction, the host came to the stage and announced:
"Thank you, all of you for joining us...... It's close to noon, and next, we prepared a buffet, due to the venue, we can only make do with it for the time being, I hope you don't mind......"
With the end of the annual meeting, the playground where tens of thousands of people gathered also began to clean up for a while, and some buffet tables were put on the table.
Of course, although it is a buffet, it is because Xinchuang Electronics Group is very concerned about improving the quality of employees' diets.
The company will send someone to taste the food, and if the chef is really high-level, no matter which hotel it is, the company will not hesitate to dig it up.
As a result, there are currently more than 400 chefs at the headquarters of the new venture electronics group, and basically, they are the world's top chefs. When it was dug up, many hotel owners were confused...... The fuck of the new venture electronics group Zhennyima, poaching the signature chef of a five-star hotel, just to improve the food for employees.
It is precisely because of this that there are very few top chefs in the major five-star hotels in Hong Kong. Because, if it is really so good, it is known to the foodies of the new entrepreneurial electronics group, isn't it going to poach people again?
Many employees of group companies are reluctant to go to subsidiaries, and the bigger factor may be because the kitchen of the group company has a fatal attraction.
At the annual meeting, most of the chefs were dispatched to the kitchen of the group company, although it was only in the form of a buffet. However, the crowd at the scene also ate happily.
"It's delicious!"
"I came to eat once last year, and it was unforgettable!"
"Yes, this group of people in the group company will really enjoy it!"
In the buffet square where tens of thousands of people gathered, Lin Qi was also happy with the people, eating a slice of Jinhua ham on the side, not far away, Zhang Ru held a plate, selected some dishes, and walked to Lin Qi's table.
"Mr. Lin, Mr. Zhang, there are still vacant seats, can we sit together?" The two sisters, Shangdao Lingzi and Li Ruoxi, also walked to the table on Mr. Lin's side with a smile.
"Yes. Zhang Ru smiled.
Lin Qi complained bitterly in his heart, Zhang Ru was a known existence to Meng Xin. If there are a few more sisters, if you are entangled with yourself, I am afraid that you will be abused by your wife when you go home.
Although, Lin Qi has absolutely no relationship with Shangdao Lingzi and Li Ruoxi. But...... These two girls, who have been single year after year, still have a good impression of Lin Qi openly and secretly, which makes Lin Qi feel that he is not lightly guilty, but also has a headache.
"You and Ruoxi. Lin Qi greeted reluctantly.
I have to say that these two girls are in their thirties, and they are more attractive than little girls. Although it can't be said to be glamorous, it has a special temperament that makes people a little unable to take their eyes off it.