The employees in the audience, including Gao Tian, Li Ruoxi, Zhao Ruofei, Shangdao Lingzi, Liu Zhendong, Wang Lie and others were all applauded excitedly, after all, being able to become a part of the new venture electronics group is almost the proudest thing in everyone's heart.

Even the management of the acquired companies such as Wang An Computer, EA, Ubisoft, Hang Seng Bank, ARM Semiconductor, etc., felt very excited, because ...... Although it was acquired, it was walking with the strong, and after it was acquired, it did not eat rice, but contributed a lot of strength.

For example, Wang An Computer Company has not only turned around its losses in recent years, but also developed its business scale to more than 10 billion US dollars, and the printer business has flourished.

With the printer business earning profits, after relieving Wang An Computer Company, which had been losing money, Wang Lie invested more energy in the layout of the office software industry. After the version of "Pangu Office 3.0", it was renamed "PS".

"PS" software is not only compatible with Wang An printer, basically, as long as the driver of the office peripheral hardware is installed on the computer, it is basically compatible, and, in cooperation with Pangu Cloud, to create the PS cloud storage function, users can save the document to the PS cloud document with one click, and then, in any place in the world where there is a network, you can call up your own cloud documents on the network. After the launch of this function, "PS" began to be very popular, and the charging also took the Internet model, which was free at first, but there would be ads if it was free, and at the same time, the cloud document function was tried for half a year, and the space was only 10MB. Users only need to pay for $9.9 a year to expand cloud documents by 10GB, and there will be no more ad harassment.

Since it is a free download trial, even if you don't pay for it, it doesn't affect local features. As a result, "PS" has become the new oligarch in the office software industry, with more than one million downloads per day. The cumulative number of downloads exceeded 100 million, and at the same time, the daily active users were not less than 10 million.

At the beginning of the name change to "PS", Lin Qi mistakenly thought that he copied the name of Kingsoft Software Company in later generations. But later, Lin Qi realized that "PS" is not only the abbreviation of the word processing system, but also the abbreviation of "Wang An processing system", in the late 70s to the early 80s, "Wang An processing system" and "word processing system" are basically equal, in fact, all kinds of office software, basically can not reach the level of Wang An's word processing system.

Originally, the historical Wang An Computer Company began to be affected by the popularity of PCs in the 80s, and after the popularization, the market began to attack the market in office and daily work scenarios. Therefore, Wang An Computer Company is the company with the worst losses. In 92 years in history, Wang An Computer Company filed for bankruptcy.

In this era, the changed Wang An Computer Company not only did not go bankrupt, but because the transformation was in the right direction, its revenue and profits have repeatedly hit new highs. When Wang An was in charge of Wang An Computer, Wang An Computer's revenue peaked at $3 billion. And this changed history, Wang Lie's Wang An Computer, in 91 years, the revenue scale exceeded 6 billion US dollars, and in 92 years, the revenue scale exceeded 10 billion US dollars!

Although Wang An still died of illness similar to history, he died with a smile. Because, before he died, he saw Wang Lie take Wang An Computer Company to rise from the bottom and redevelop to a level of income and profit that surpassed Wang An Computer Company's peak.

At present, the market value of Wang An Computer Company in the US stock market has broken through the $30 billion mark, and the new venture electronics group, which holds 50% of Wang An Computer shares, has earned more than $14 billion from it!

"Xinchuang Electronics Group, at the end of last year, once again streamlined the business of the headquarters and made the Pangu Computer Division independent. Pangu Computer Co., Ltd. was established, and in the future, Pangu Computer Co., Ltd. will operate independently, and will seek to go public to bring new benefits to the shareholders of the parent company.

Over the years, the new venture electronics group, has been abandoning some projects, the earliest is the new electric toy company, the investment scale does not exceed 10 million yuan, from the investment point of view, it should be more successful, because it is too far from our main business, so, the earliest to divest out, and later through the listing, obtained a market value of 7 billion Hong Kong dollars, the group holds half of the equity, which is to bring us a return of 3.5 billion Hong Kong dollars. The previous investment was negligible, but at present, the annual net profit of Xindian Toys is more than 500 million, and it will contribute more than 100 million cash to the parent company through dividend returns every year. For the shareholding of the subsidiary, we will hold it for a long time, not do some short-term speculation or cash-out. Of course, after listing, each listed subsidiary has a broader financing channel, and at the same time, the parent company can obtain financing by pledging part of the equity of the listed subsidiary. To a certain extent, on the premise of not reducing the equity of the subsidiary, after the listing, our assets have been revitalized, making our capital turnover more efficient. Therefore, in the future, we will arrange more independent subsidiaries to go public to bring more efficiency improvements to us as a whole. ”

There was a round of warm applause at the scene, including Liang Fei, president of Xindian Toys Company.

Of course, the subsidiaries spun off by the group company started with the new electric toy company. However, after the successful experience was formed, it was to spin off some internally incubated projects to make the parent company more streamlined.

After streamlining, the group company is not idle, but will use the advantages of capital and resources to continue to incubate some new projects.

"Pangu Computer Co., Ltd. is a subsidiary that was established only last month. Our parent company still holds 90% of the equity, and the initial share of equity incentive for employees is 10%, and before going public, we will let the employees of Pangu Computer Co., Ltd. have the right to subscribe for the company's shares in the form of net asset price. Employees strive to create benefits, so that they can obtain continuous appreciation of net assets. In my opinion, subscribing for equity at the net asset price can motivate employees to fight and share the dividends of the subsidiary by holding shares. Of course, the equity of the parent company's holding subsidiary will also benefit from the improvement of team efficiency. In essence, we believe that the quality of the company does not lie in the short term, but in the longer term to maintain the team's enterprising spirit! Now Pangu Computer Co., Ltd., the latest net assets are about 40 billion Hong Kong dollars, and at the same time, the annual profit is about 38 billion Hong Kong dollars. This year, Pangu Computer Equity Co., Ltd. achieved sales of 108 million computers and 2,086 monitors, and its revenue reached 380 billion Hong Kong dollars. At present, among our major subsidiaries, whether it is revenue or profit, Pangu Computer Co., Ltd. can be called the first. In the future, I believe that Pangu Computer Co., Ltd., operating independently, will continue to achieve continuous growth in revenue and profit. ”

With Lin Qi's roll call, Gao Tian couldn't help but show a hint of pride.

The other participants present also showed blazing eyes, and many even wondered if they could join Pangu Computer Co., Ltd. and share the growth dividends of the subsidiary?

With the current level of revenue and business of Pangu Computer Co., Ltd., it should be difficult for profits to regress. The price of the current internal subscription of employees is obviously profitable. Therefore, most of the employees who joined Pangu Computer Co., Ltd. went for equity incentives.

"Over the years, through the streamlining of management, we have set up independent subsidiaries for projects that can operate independently and can rely on their own profit development and value creation, such as Phoenix Games in the arcade market, Zhangyu Technology Company in handheld and low-end game consoles, Xinchuang Semiconductor, Xinchuang Communications, and of course, Xinai Industrial Group, a giant subsidiary with more than 1 million employees......"

"At the same time, most of our subsidiaries around the world adopt a partnership system, and the local management is tied to equity interests, and the equity of regional subsidiaries is ...... to share operating dividends with employees while maintaining a controlling position."

"If you add up the employees of all the companies in which we hold and participate in the company, we may be a giant with more than 2 million people who create value for us.

If we centralize the management power in the parent company, let the parent company give orders, and the subsidiary will carry out the orders of the parent company to manage, then our reaction speed will become very slow, and we will even be defeated by the opponent before we can figure out what is going on. In that case, we will only end up with one of the buskiest and slowest bureaucratic enterprises in history, and whatever has been achieved in the past is doomed to fail in the future. Because, for the time being, I can't think of any way to efficiently manage millions of human employees!

It is precisely for this reason that I advocate that the subsidiaries should continue to operate independently, and give more play to the decision-making power of the lower management. ”

The spun-off subsidiary will continue to maintain a relationship with the parent company through equity as a link. But we're going to reduce the way we dictate to our subsidiaries and make them feel like they're going to be able to do things independently. ”

"For projects that can be profitable on their own, we will basically spin them off gradually and become independent subsidiaries. In the future, the new venture electronics group will mainly retain some of the most core and cutting-edge, but not necessarily profitable projects. These projects, such as the Pangu operating system, are not for profit, but they are intended to create other benefits for the entire ecosystem......

At the same time, the group company will continue to incubate more projects, as well as invest in some better external companies and teams, to bring us long-term benefits.

However, we are definitely not evolving into a profit-oriented company with investment holding, and our core in the future is still scientific and technological innovation, so that the subsidiary can continue to maintain a leading position in technology through the coordination of different resources of the parent company. ”