January 1982. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

After the preliminary statistics of the financial statements of the new venture electronics company were released, the annual meeting of the group company was also held. Although Lin Qi doesn't like to hold meetings often, such meetings are still needed.

Because, in addition to giving full benefits, the management also needs internal recognition of its achievements.

In addition, the annual summary meeting is also based on past achievements, unifying internal thinking, and adjusting the time node of the next year's development plan.

"This year, the game business of the new start-up electronics company has performed well, and the most traditional arcade business, with annual shipments of 89,000 units, total sales of nearly 1 billion Hong Kong dollars, and net profit of 135 million. Zhao Ruofei reported, "Up to now, there are 16 arcade projects under development, of which 5 are new arcade games developed under the guidance of Mr. Lin, and the playability far exceeds that of our biggest competitor Nintendo's Donkey Kong." It is expected that in 82 these games will be released one after another, and the performance of arcade machines is expected to reach a new high. ”

"In addition, in our business, the income of self-operated game halls accounts for more than 50 million yuan, and the net profit reaches 37 million. Although, the game hall in Hong Kong has shown explosive growth this year, with the annual market size growing from less than 100 million to more than 300 million. However, I believe that the game hall market in Hong Kong is far from saturated, so we should increase investment in self-operated arcades, which can not only further increase the market share of game halls, but also further consolidate the shipments of the company's arcade products through the procurement demand of game consoles in self-operated arcade halls......"

After the report was completed, Lin Qi took the lead in applauding. In the conference room, there was a lot of applause.

Zhao Ruofei is the second batch of employees of the company, and his qualifications are not deep. However, with the excellent performance in the "Tank Wars" project, and the company's business adjustments, its own old employees, focusing on the handheld and home console markets, so, the arcade business has been headed by Zhao Ruofei.

Rong Jian, who attended the annual meeting of Xinchuang Electronics Group Company for the first time on behalf of Xinai Electronics Company, said: "...... Xinai Electronics experienced the TN LCD screen war last year, and in the end, we won the right to speak in the industry, and the market share increased from 0 to 15%. At the same time, I pay attention to the cutting-edge trends of the industry and organize personnel to conduct research and development of new technologies such as STN and TFT. In the future, the LCD industry will become our key development direction. In order to transform into a liquid crystal business, Xinai Electronics Beijing Company sold its electronic watch and electronic calculator business. Although the profit of these two businesses last year was as high as 60 million yuan, due to the low technical threshold, it will soon change from a blue ocean to a red ocean, so I asked Mr. Lin for advice and sold the related business for 270 million yuan...... In the next few years, Xinai Electronics Beijing Branch will transform into a leader in the domestic LCD industry, from low-end TN liquid crystal to higher-end STN liquid crystal and TFT liquid crystal. The reason why these two directions were chosen is because STN is a technical upgrade of the TN panel, which can display color pictures, and through the panel upgrade, it can give the development of the next-generation color handheld platform of the Synergy Group Company. Compared with the current mainstream 'cathode ray tube' of TV and computer screens, TFT liquid crystal has a higher resolution and has more room and potential for technical upgrading. ”

"Xinai Electronics Factory in Shenzhen, the main business is OEM. At present, it mainly manufactures arcade machines, handheld machines and CD record players for affiliated companies. The revenue of the foundry business reached 450 million yuan last year, and the net profit after tax was 228 million yuan. ”

"In general, last year, the total revenue of our Xinai Electronics was about 1.16 billion yuan, and it created a net profit of 478 million yuan. ”

After Rong Jian's report, the entire company couldn't help but feel shocked.

The foundry, which is regarded as a coolie, actually made so much profit last year.

Most of these profits depend on New Venture Electronics, but New Venture Electronics only occupies 25% of the company's equity.

Many employees secretly thought, Mr. Lin is not a last resort, the proportion of equity occupied by Xinai Electronics is so low, how much less do you have to earn?

However, Lin Qi does not think that it is a loss, after all, Xinai Electronics can occupy so many preferential policies in China so smoothly, which is related to the equity of state-owned enterprises with half of its components. If it is all Hong Kong capital, then the country will not enjoy too many benefits, and it will not take care of Xinai Electronics so much.

After Rong Jian, Liu Zhendong reported: "In the past year, our handheld business department has consolidated its dominance in handheld games, with a cumulative sales of 87.17 million handheld games. Accumulated revenue of US$1.7 billion and global net profit of HK$670 million...... At the same time, our handheld platform-based strategic terminal palm entertainment 1 generation, listed in November last year, although, limited to production capacity factors shipments have just exceeded 1 million, the world is in a state of hunger and thirst and shortage, but the player group has a good evaluation of it, at the same time, palm entertainment 1 generation platform signed 17 third-party game development companies, there are 7 handheld games currently on the market, with a total of more than 2.7 million boxes of games sold, of which, third-party game manufacturers issued 4 games, shipments of 1.2 million boxes, and with the rapid growth of handheld users, the sales of game cartridges are also rising, gradually reaching new highs。 Because of the rapid growth of the handheld third-party game market, more game companies have applied to become our third-party game developers...... Next year, we will focus on the first generation of Zhangyu, and as the component suppliers of the first generation of Zhangyu gradually increase the production capacity of components, we will strive to exceed 30 million units of sales of the first generation of Zhangyu next year. ”

These companies are all good news, as for Gao Tian, he said angrily: "Last year, our Pangu project consumed a total of 120 million Hong Kong dollars, did not generate a penny of profits, and applied for 617 international patents ......"

"Accumulate steadily, accumulate steadily!" Lin Qi said with embarrassed comfort, "The future of the company depends on Mr. Gao's Pangu platform." When the Pangu platform is listed, the market will inevitably shout 'Pangu Dafa is good, Pangu Dafa is wonderful, Pangu Dafa will be for thousands of generations, and it will unify the rivers and lakes.' ’！”

Yu Youcheng also laughed and said: "With me at the bottom, Mr. Gao will not have the worst performance." If you want to say that the performance is the worst, it belongs to my old Yu, who lost about 380 million Hong Kong dollars a year. As for the income, there is still a piece of X8 chip production, we share 1 yuan, at present, there are 1.57 million X8 chips, that is to say, our XRM semiconductor team lost 380 million yuan, in exchange for about 1.57 million yuan of income. Some patents have been registered, but there is no Pangu team, and we have registered more than 530 patents. ”

"Dr. Yu has only burned such a small amount of money, but the results are absolutely outstanding. Last year, you were in the limelight in the international industry. Papers have been cited and reprinted by thousands of people, and there are a bunch of top journals such as Nature and Science, begging you to submit your papers. Silicon Valley has named you the most outstanding Chinese computer expert since Wang An! Intel President Grove has repeatedly expressed regret that he approved your resignation from Intel a few years ago. ”

"You're not bad, a lot of results can be directly used in the current computer industry. If it weren't for the drag of my 16-bit CPU development progress, I think the Pangu platform would have been completed a long time ago. ”

For the two big old losses, they are not ashamed, but proud, and they have entered the mode of blowing each other.

After all, the new venture electronics company cannot establish a purely profit-oriented corporate culture, and the reversal of profits will eventually lead to the company's short-sightedness and lack of attention to R&D and long-term interests.

Just like Lenovo in the automotive industry and computer industry in China, those companies that could have made a difference in technology were obsessed with short-term profits and market share. In the end, they all become negative teaching materials.

The domestic auto giants later didn't even bother to copycat, because the world's big brands are joint ventures with domestic auto companies, and they can produce whatever brand they want, so much worry and effort? In fact, many technologies and designs from more than 10 years ago and 20 years ago, even if the patents expire, are still international mainstream technologies. If, with a little care, you don't know how to develop it, wouldn't you still be a copycat? But, sorry, the big state-owned automobile factories that have been fed with profits don't even bother to copycat.

Lenovo is even more bizarre, specifically following IBM and other large companies to pick up rags at high prices, driving away the company's independent research and development of talents. After that, Lenovo immediately paid a check and bought these technologies. The acquisition of those backward production capacity may improve the company's performance in the year, but within a few years, it will often fall into huge losses.

Lenovo, which does not pay attention to independent research and development, later tasted the bitter fruit of picking up foreign garbage. However, companies that attach importance to independent research and development and independent brands, such as Huawei, are living as much as possible.

Of course, Xinchuang Electronics can't do that, except for some products that can make achievements in the short term, Lin Qi is willing to support the company's loss-making projects.

In the past year, startups have burned about $100 million to invest in research and development. This R&D investment is not only the first in Hong Kong, but also that company can compare with Lin Qi's generosity in technology. It is with the domestic Chinese Academy of Sciences project, and even the Chinese Academy of Sciences is not as much money as the new venture electronics.

Perhaps, the total scientific research results of the new venture electronics company in a year are far less than the achievements of the Chinese Academy of Sciences, but only in terms of computers, semiconductors, etc., it may be that in the past year, the results of the Chinese Academy of Sciences are far inferior to the new venture electronics company.

This is the power that money brings.

Can you do whatever you want if you have money? Maybe not all of them, but most of the scientific and technological research and development and patent reserves are exchanged for burning money.

There may be some invention patents that can be obtained at a very low cost, but those are not replicable. Normal technology accumulation, in addition to talents, is inseparable from a large amount of financial support.

In this era, the biggest problem in domestic scientific and technological research and development is not talent, but lack of money. Many international counterparts can burn tens of millions of dollars a year, and it is also difficult for domestic counterparts to apply for hundreds of thousands of funds. Because, the country's scientific research funding is even less than the annual scientific research budget of IBM.

Although the new venture electronics company is not as rich as IBM for the time being, the overall efficiency of IBM is not as good as that of the new venture electronics, and it is becoming more and more bureaucratic and inefficient.

Xinchuang Electronics has Lin Qi's decision-making mind, and the direction is correct, so the efficiency is naturally far greater than that of large companies such as IBM.

IBM gradually realized the problem, and later spent years continuing to cut the business and reduce the size of the staff. Therefore, the future IBM gradually fell into a period of stagnation and consolidation.

However, the new venture electronics has just grown its wings and is preparing to fly high. According to the speed of development, ten years later, Lin Qi is confident that it will surpass IBM in terms of revenue and profit.