After Lin Qi made an opening speech, representatives of the main subsidiaries of Xinchuang Electronics Group came to the stage to make brief financial and business reports.

In 1993, the financial statements of Xinchuang Electronics Group were still very beautiful.

The consolidated statements of the whole group have a total revenue of US$147.9 billion, total assets exceeding the US$100 billion mark, and net assets excluding liabilities of US$58.3 billion.

At the same time, net profit attributable to shareholders of the Group totaled US$24.7 billion. Converted into Hong Kong dollars, the profit of about 193 billion Hong Kong dollars has increased by more than 30 billion yuan over last year's net profit, and it still maintains a growth rate of more than 20.

Compared with the previous growth rate of the new venture electronics group, the current growth rate is undoubtedly decreasing year by year. Although it continues to grow, in general, it is more difficult than ever to find new outlets.

Of course, this is not to say that the strength of the new entrepreneurial electronics group is not as good as before, but only that when the scale was small in the past, the bet won a huge market. For example, the overall size of the Pangu computer market is more than 100 billion US dollars a year.

The subsidiary Pangu Computer Co., Ltd. has a revenue of $70 billion in 93. It accounts for two-thirds of the whole machine sales market share of the entire Pangu camp. The hundreds of compatible machine brands in the entire Pangu computer seem to be lively, but the compatible machine manufacturers that really make money are a few. Most of the compatible machine manufacturers only need to diversify their business. On the whole, the total annual profit of all manufacturers in the Pangu computer camp should not exceed 10 billion US dollars.

Pangu Computer Co., Ltd. alone achieved a profit of $8 billion. Such a profit scale mainly comes from the price increase factor.

In general, after the establishment of Pangu Computer Co., Ltd. and the opening of the Pangu system and platform to compatible machine manufacturers, allowing more manufacturers to join, Pangu Computer Co., Ltd.'s profits have increased instead of decreasing, and the growth rate has hit a new high in the past five years. Multiply your profits!

Compared with the doubling of profits, the growth rate of product sales volume and sales amount is far less than the profit growth rate. This is the profit growth brought by continuously increasing the unit price and increasing the price and increasing profits!

"Pangu Computer Co., Ltd. has been able to get to this day, not because of my contribution to the heavens, but because of the wise leadership of Mr. Lin, he decided to do a computer business, which was planned by Mr. Lin himself. The core technology, the R chip, is Corporal Lin Lixian, and Dr. Yu Youcheng joined. Mr. Lin, who couldn't even write code, talked to us about developing a reduced instruction set and a graphics operating system. At first, we all felt funny, but in fact, it turned out that Lin was always a very great product manager, from the Chinese cube, handheld, phoenix borrowed machine, Pangu computer, Lin always made almost the same product. Jobs said that he used to learn from Sony, and later learned to start a new business. Even though Jobs was older than Mr. Lin, he always claimed to be Mr. Lin's student and imitator. Looking back on the development of Pangu Computer over the years and the establishment of Pangu Computer Co., Ltd., I have a thousand words of feelings, and in the end there is only one sentence left -- thank you Mr. Lin! Without you, many of us may always be nobodies! Without you, there would be no new entrepreneurial group that can be called a miracle at present!

Although everyone present was funny, they couldn't help but feel that Gao Tian was finally sleek and philistine. In the past, no one was convinced. Even if it is Mr. Lin, he thinks that it is just a few stinky money, and he is just a little lucky. I can't write two codes, I just pat my head and ask the technician one problem after another.

However, even if he is as arrogant as Gao Tian, he is now sincerely obedient to Mr. Lin.

Mr. Lin's prestige is probably similar to that before Jobs encountered setbacks, or even higher.

Jobs had several ups and downs in Apple, and not everyone obeyed Jobs. For example, at the beginning, Jobs led Apple to start a business and launched the Apple II computer, which was once very trusted and admired by capital and employees. But...... Later, with the launch of the P, the Apple II has not been able to achieve a smooth upgrade. After all, it was not Apple that decided to upgrade the Apple II, but the supplier of PU, S Technology, S Technology, after its establishment, there has always been only one epoch-making chip product, and other great technological innovations can no longer be seen. Therefore, manufacturers who use this chip in everything later encounter the disadvantages of not being able to upgrade their products to the next generation.

Due to the shutdown of S Technology, after that, Jobs had to change Motorola's chips and develop new computers. Later, because the market performance of the new platform failed to meet expectations, Jobs was kicked out of Apple in just a few years because of the failure of innovation.

But Jobs was kicked out, more because, he failed. For several years in a row, the products developed have caused huge losses one by one.

But in fact, Jobs's strategic judgment is no problem, and it is normal to adopt new PU and develop new systems, which are incompatible. After that, it is only necessary to invest more resources, expand production capacity, and reduce costs, and it is possible to provide cheap and acceptable products.

But neither capital nor management gave Jobs more opportunities, but drove him away because he couldn't bear the losses on the financial statements. Since then, Apple has continued to use Apple II computers as its main product based on the opinions of professional managers, and its investment in technological innovation has been greatly reduced, and then it has achieved a turnaround. But...... This gave the 90s, Apple was terminally ill and bought a foreshadowing!

The biggest difference between Lin Qi and Jobs is that there is no so-called capital in the new entrepreneurship department.

If you want to talk about capital, Lin Qi is capital, even if he continues to let employees buy shares, there are still 80% of the equity in his hands.

In addition, Lin Qi has never failed in terms of prestige. On the contrary, step by step, it has grown to the point where it is now, so that even some mediocre or even low-return income will be made up by the brain, whether there are other returns. For example, strategic synergy, or long-term benefits that others can't see!

But in fact, Lin Qi is not as powerful as others think, he just knows what some things will be like in the future. Before it came out, it provided Lin Qi with a lot of layout opportunities.

Hearing Gao Tian's sycophancy, Lin Qi in the audience couldn't help but smile. Although, he knows that sycophants are not good, and leaders should not be confused by sycophants.

However, I have to say that the sycophants of the subordinate generals are still very comfortable.