In January 1985, the annual shareholders' and employees' meeting of the new venture electronics group company was held as scheduled.

In the past year, the new entrepreneurial electronic Pangu platform pattern has become a climate, and the foundation of Atari is much more solid than the original one.

But Lin Qi still does not dare to slack off, and is still examining the positioning and development route of the entire company. Even though he has become the biggest giant in the game industry, he still maintains his humility and self-improvement spirit.

After all, Atari felt good at the beginning, thinking that the empire could last forever, but because it lost its innovative and enterprising spirit, it quickly collapsed.

The lesson of the Atari collapse is that the tech industry is so simplistic that it doesn't want to make progress when it has some achievements, driving out the old team that is determined to make progress, and forcing away a large number of technicians. In the end, a group of professional net profits playing sales and management, in the face of the collapse caused by technological backwardness, had no way at all.

Although Lin Qi is a layman in terms of technique, diners who have eaten the best food are qualified to talk about food and do not need to have their own cooking skills. A boss like Lin Qi has seen countless subversive products in the future, knows what the future products should look like, and knows what the selling point of the future consumer market is.

Such a boss, for a large company, is the best helmsman and is able to keep the ship on the right course.

If you can't get the ship on the right route, then no matter how correct the details are, it's useless.

This is like Nokia and Motorola, the main leaders in the early days of mobile phones, and there is no shortage of patented technology and innovation capabilities. However, they have done a great job in the details, but they have not integrated the subversive products of the iPhone like Apple. Moreover, after the advent of the iPhone and Android, traditional mobile phone manufacturers still sneered, feeling that it is impossible for a touchscreen mobile phone without a keyboard to replace a keyboard mobile phone. This fatal misconception is enough for two giants that were originally at the pinnacle of the technology industry to quickly fall into ruins.

The new venture electronics company attaches great importance to scientific research investment and strives to become the technology giant with the largest number of patents in the world.

At the same time, Lin Qi is responsible for integrating these technical forces and talent teams in the right direction.

In the past, Atari was destroyed because of lack of progress, and then there were tech giants who collapsed because of arrogance and chose the wrong route.

With so many cases reluctantly, Lin Qi fully realized that even if the market share was the first, it was not easy to sit back and relax. These achievements are only an indication of past and present achievements, and do not represent the ability to remain competitive in the future.

……

At the opening ceremony of the annual meeting of the new venture idea group, there was no big star with high value, but more employees entertained themselves.

Of course, the stars in the company's system do not need appearance fees, and they can still come to the performance without compensation, and if the program is selected, they can still come to the performance.

The theme of this year's annual meeting is basically the popular games, animations and film and television themes produced by the company this year.

Among them, in the stage play "Court of Avalon", Li Xinyue COS Artoria was well received by the employees present. Because, she was originally Artoria's dubbing, and her performance level was average, but everyone listened to the voice.

The performers are all employees of the company, and the performance on stage is also an affirmation of them. There is no remuneration or anything like that, but the best performers are recorded in the company's ongoing museum of corporate history. These honors are still helpful for the development of the new entrepreneurship department.

This is also the so-called company culture and collective honor, and if you are not the backbone of the new entrepreneurship department, you will not get the opportunity to perform on the stage at all.

"Everyone unanimously voted for my king this year!" Weng Meiling, who was present to host the show, said with a smile, "As an out-of-fashion star, I would like to know how Miss Artoria feels, or the best nomination? This year's annual meeting rewards have a small chance to wish, of course, just like the Holy Grail, there is an upper limit to making a wish, and it will be impossible to realize the wish that exceeds the upper limit of the annual meeting prizes." ”

"Okay, I want to eat Peking duck, Tianjin Goubuli, mapo tofu, ......" Li Xinyue's answer made everyone present laugh.

"There are some viewers who say that the Arthurian dynasty was eaten by Artoria, do you agree with this view?"

"Hunger is the biggest enemy in life!" Li Xinyue said confidently, of course, this is also because she is too deep in the play, and she is playing my king with a sense of substitution.

In "The Court of Avalon", how did the Arthurian dynasty come to an end? mainly because of natural disasters and famines!

The demon dragon Votigan is known as a brutal ruler, in fact, more because of the harshness of the natural environment than just the violence of Votiggen.

And after Artoria defeated Votigon and unified Britain, she still couldn't solve the famine caused by the natural climate.

In the aftermath of the famine, irrational expeditions were launched in order to obtain food, which required the collection of local and European grain and grass. In this way, neither the native nor the conquered peoples would welcome such a king, who could not solve their food and clothing. At first, there were expectations, but as Arthur looked no different from the demon dragon she had defeated in the past, she naturally lost her heart.

And in the plot of the continuous grain requisition, Artoria has a foodie nature, eats a lot, and eats dozens of people's portions alone, which is also one of the manifestations of not understanding people's hearts. However, it is also difficult for a strong man to let a humanoid dragon control the amount of food. If you can fight like a dragon, you will naturally match the amount of food that a dragon has.

……

After the company's self-entertaining opening performance, the scene gradually entered the main topic of reporting financial statements.

“…… In 84 years, the total global revenue of Xinchuang Electronics Group reached 11.6 billion US dollars, of which the annual sales of Pangu host exceeded 10 million units, contributing 3.15 billion US dollars in revenue. In addition, the arcade segment generated $1.87 billion in annual revenues and the handheld segment generated $660 million...... Pangu's gaming software and other software business revenue exceeded the $5 billion mark...... The newly launched Pangu notebook platform has rapid sales growth and is expected to become the performance engine next year......"

"The whole group, after deducting various costs and taxes, achieved a net profit of US$850 million in '84, compared to HK$6.63 billion in Hong Kong dollars......"

"In addition to the value-added returns obtained due to real estate and financial investment business, our regular main business achieved a net profit of 5.89 billion yuan last year!"

"As of the end of December last year, the total assets of the group company were HK $24.8 billion, cash reserves were 11.9 billion, net assets were HK $13.9 billion, and liabilities were HK $10.9 billion, of which interest-bearing liabilities were ...... 4.25 billion."

The financial statements of the annual summary meeting were released, and even though many people were mentally prepared, they were still a little excited and a little out of shape.

At HK$6.63 billion, it is not only far more than HSBC, but also far inferior to the sales performance of the new venture electronics group even if the profits of the entire Hong Kong financial industry are combined.

Historically, in the early 90s, when Nintendo's profits were at its peak, an analogy was made - the combined profits of all the television media industries in the United States were not as good as the profits of Nintendo alone.

The achievements of today's new start-up electronics companies are about the same level as Nintendo in the early 90s.

Moreover, Nintendo's console cannot be developed into a general-purpose computer, and the Pangu console is no different from a computer. Therefore, theoretically, the new venture electronics is much larger than Nintendo's pattern, and you can only be the host of the game console when you retire, and you can wrestle with the PC camp when you enter!

In fact, many users of the Pangu platform use it for work, not for entertainment. In terms of user scale, the Pangu platform is second only to the PC platform.

If only in terms of the sales of PCs produced by IBM itself, even the sales of IBM PCs are far less than those of the Pangu console.

The reason why PC has become the mainstream of the current market is that IBM initially developed PC into a mainstream microcomputer in order to develop PC into a mainstream microcomputer as quickly as possible, so the technical standards were made public. But in fact, IBM quickly regretted it, because its market was occupied by a large number of compatible machine manufacturers, and IBM's official PCs accounted for a small percentage of the overall market share.

After the PC has achieved certain results, IBM has tried to create a new platform that is no longer compatible with the original PC standard.

However, unfortunately, after the opening of PC technical standards, there are not only a large number of compatible machine assembly manufacturers, but also CPU, memory, and BM companies with research and development capabilities. As a result, the entire market further regards IBM as an ordinary compatible machine manufacturer, rather than a special existence. Throughout the PC era, Intel made more money than IBM made in this market!

New start-up electronics companies are different, and from the beginning to the end, the patents and technical standards are in the hands of their own companies. Although, the upstream and downstream of the entire camp will share a lot of profits, but the most profitable are the new start-up electronics companies.

And the reason why technical standards are not open is because it is useless to open technical standards in the first place. The new start-up electronics company did not have the same influence as IBM before, and even now, it is still a little less popular than IBM's influence.

In the future, sooner or later, the Pangu platform will gradually open up its technical standards, but not now. It is necessary to ensure that after the technical standards are opened, the leading power of technological upgrading and replacement is also firmly in the hands of new start-up electronics companies.

Later, the authority for the technology upgrade of the PC camp was mainly decided by Microsoft and Intel, which mastered the lifeblood of the PC camp, CPU and operating system! It is not that there is no better operating system and stronger CPU on the market, but because of compatibility, the PC platform can only use the CPU of the X86 architecture and Microsoft's operating system.

Xinchuang Electronics also adopts a similar strategy, so that the Pangu platform is deeply tied to the XRM chip and the Pangu graphics operating system, and the technology will continue to develop for several generations, using the large number of applications accumulated on the platform to bind users and the market, and order software and hardware manufacturers through users and the market.

Lin Qi took the lead in applauding and said: "In the past year, everyone has worked hard, without the efforts of all colleagues in the entire company and the trust of all shareholders. With the support of our partners and consumers, we couldn't have grown to where we are today...... As the founder of the company, I feel relieved to watch the company grow step by step, but I don't feel completely at ease.

That's right! If we completely cut down the innovative business, leaving only real estate and finance, then we can be like Warren Buffett's Berkshire Hathaway, where a dozen people in the headquarters office can easily read the newspaper and play golf, and they can share in the stable returns.

The most stable businesses in the world are real estate rent, food, and tobacco, which have not needed to innovate for hundreds of years. It only takes a little more rationality and restraint to achieve a stable performance like Buffett's.

However, what is the difference between that kind of unchanging life and the ancient landlords collecting rent and putting money in prints?

I hate the immutable world, and besides, this kind of person is by no means the creator of world economic growth and human happiness, but only a parasite. No matter how high and stable the return on investment is, it cannot be concealed, and in fact, it does not contribute to the future of life and sustainable development at all.

Compared with the rate of return on funds, I hope to see an amazing game, with a CPU chip with a new high performance, a larger capacity of memory, and a hard disk......

Of course, these things may be too empty, let's be sincere, talk about something affordable, without affecting the company's R&D and market development in the next year, on the basis of what do you think our reasonable dividends should be?"

Then the employees and shareholders present began to rejoice, after all, most of the people present had a share.

Lin Qi continues to transfer his shares, and although he still holds 91% of the company's equity, 9% of the shares are already held by about 1,500 employees. Basically, it is not an employee who has just joined the company for less than two years or is too poor, but basically wants to become a shareholder of the company.

The crowd quickly voted, and soon after, the average value of the voters' dividend proposal was 2 billion!

Although most of them fell into Lin Qi's pocket, at least 180 million yuan was shared by small and medium-sized shareholders.

Some of the shareholders who hold less shares may only get a symbolic few hundred yuan, but some old employees with higher contributions have dozens of people who receive millions of dividends.

Lin Qi has set up a special fund to transfer his shares to the "New Venture Equity Exchange Fund" from time to time, and these shares are available for employees to subscribe to. The cash proceeds from the sale of the fund, after deducting management costs, will be returned to Lin Qi.

Of course, because Lin Qi sold his equity according to his net assets, he transferred 9% of his equity, and only sold more than 600 million.

Of course, this is because the net assets of the company were not large in the past, so the equity was relatively cheap. With the growth of the company, the total share capital of the new start-up company is now 100 million shares, and the subscription price per share is more than 100 yuan. In the future, it is not very surprising that the net asset value per share will increase to 1,000 yuan and 10,000 yuan.

Knowing that he transferred his equity according to his net assets during the company's growth period, he must have "suffered a loss", but Lin Qi still continued to transfer.

After all, this has become an important part of the welfare system of new start-up electronics companies. If employees who do not reach a certain level can subscribe for equity benefits with their salaries, Xinchuang Electronics will not be able to retain a large number of outstanding talents.

It is also the new venture electronics that makes many outstanding employees feel that even if they leave their jobs to start a business, they may not be able to stay in the company and become shareholders with a higher rate of return.

And the company has higher profits year by year, as well as more dividend returns year by year. It also further makes many employees no longer think about entrepreneurship or financial management, because the return rate of equity appreciation and dividends of new start-up electronics companies is already rare in the world!