At the end of July, a week after Lin Qi returned to Hong Kong, Zhang Dahai visited him and said that he had a big matter to discuss.

After listening to Zhang Dahai's explanation, Lin Qi couldn't help frowning, feeling that it was completely nothing. Because, Zhang Dahai is a good billionaire, he is not at home to enjoy Qingfu, but he wants to go out of the mountain again.

If you start a new business, Lin Qi also supports it. However, the key is that Zhang Dahai did not mean this, but said that he wanted to be the general manager of the New Venture Publishing Group, because he had feelings and feelings for the New Venture Publishing Group.

After all, when the new venture publishing group introduces its history, it must be introduced to the outside world, the predecessor of the Great Sea Publishing House. Because, Zhang Dahai favored Lin Qi, and after that, he created an epic legend.

Lin Qi earned the first pot of gold by writing a small white book, and then used it to establish a second company, that is, the new venture electronics group. After that, the new venture publishing group has also changed from a worthless small shop in the front and back of the factory to a top publishing giant in Asia over the years.

In terms of purely listed publishing companies, New Venture Publishing Group is known as the first listed company in Asia. Of course, the scale of business and profits may not be reached. But compared to the top publishing groups, the gap is not far away. We just need to continue to develop at the current pace and sooner or later become the top world-class publishing giant.

"Lao Zhang, I can consider your return to the position of general manager of the New Venture Publishing Group. However, Shangguan Xiaobao can also be regarded as a hard worker, and your appointment means that he will give way. If this matter is not resolved, it will cause turmoil in the company, affecting the company's stock price and business stability, unless you give a convincing reason, otherwise, I will not allow you to re-serve as the general manager of the publishing group in principle. After Lin Qi saw Zhang Dahai, he was still very warmly entertained, but he still had reservations about this old man's passion for his career.

Regardless of whether Zhang Dahai is capable enough to replace Shangguan Xiaobao, who has served as the company's longest-serving general manager. That is, Shangguan Xiaobao has been operating for many years, and the layout of domestic and foreign countries and even the Internet is very satisfying to Lin Qi.

Although Zhang Dahai went to China to build an unprecedented and possibly even a unique chain rental bookstore system, which has become a worldwide business, he cannot find a similar business model. This model, at present, has more stability and growth capacity than direct publishing.

However, Lin Qi does not believe that physical rental bookstores represent the most mature model in the future, in fact, physical books will be sold gradually in the future. All reading is gradually becoming electronic and Internet-based. Under this trend, the future of brick-and-mortar stores is pessimistic. Of course, the new venture and new publishing group is okay, most of the physical rental bookstores are in China, because most of the stores are bought, so they will not be negatively affected by the high cost of rent rising year by year in the future. Moreover, at a cost of less than 650 yuan per square meter in China, nearly 3 million square meters of physical store real estate was purchased. The investment is only 2 billion yuan. However, in the future, the average price of commercial real estate is 10,000 yuan per square meter. In other words, it may be that in the future, the greater profit of this business model in the future will be the rise in real estate prices, rather than the advanced and efficient business model.

"I talked to Shangguan Xiaobao, in fact, he took the initiative to ask for it. Shangguan Xiaobao will focus on the comic business in the future, and the business will be spun off into a new entrepreneurial comic publishing house, and Shangguan Xiaobao will be rewarded with 10% of the comic publishing house's shares, and in addition, there will be 10% of the stock to reward other comic teams. New Venture Publishing Group, holding 80% of the shares. In the future, the new entrepreneurial comic group will also have the opportunity to go public independently. Zhang Dahai said seriously, "As long as the equity incentive for the comic business team is approved, it will not affect the company's business development, but will stimulate the work passion of the comic team." Because, in the future, the comic team is ready to storm the Japanese comic market, compete with Japan's top comic magazines, and truly become a world-class comic giant. ”

"The Japanese publishing industry has a very monopoly!" Lin Qi said, "The parent companies of manga publishing companies such as Shueisha, Shiraizumensha, and Shogakukan are all Hitotsubashi Publishing Group! In the light industry, most of the publishing houses are subsidiaries of the Kadokawa Publishing Group! It is very difficult to enter the front line." Because, in the manga industry, those who aspire to become first-class manga artists will basically only submit Shueisha, Shogakukan, and the like. ”

"But in recent years, Hong Kong comics have attracted a large number of domestic talents to join, and their strength has changed from what it used to be. Many Hong Kong comics translated into Japanese are also very popular at present. "Chinese Heroes", "Fengyun", "Divine Soldier Xuanqi", and "Legend of the Son of Heaven" have all attracted a large number of fans. What's more, the comic version adapted from Jin Yong's series, although the popularity is not top-notch, is above the average level. The comics adapted from the "Fate" series of games are even more popular. Zhang Dahai said, "Doing this now is also to prepare for the future business spin-off and independent listing." For example, the new startup comic publishing company is the first step, and after that, it will spin off the new startup company, the new startup education publishing company, the new startup news publishing company, the new startup online publishing company, and so on...... This is highly recognized by the current management team of New Venture Publishing Group, because after the implementation of the plan, each subsidiary can operate independently, or even go public, everyone can make a profit. ”

"Okay!" Lin Qi said, "If Shangguan Xiaobao doesn't object, I agree with you to go out of the mountain!"

……

In August 1993, Zhang Dahai was approved by the board of directors to re-emerge as the general manager of Xinye Publishing Group. At the same time, Shangguan Xiaobao, the former general manager, stepped down and said that he was the general manager of the independent subsidiary Xinqi Comic Publishing House.

After the announcement of this decision, the stock price first fell by 7%.

Later, as Lin Qi came forward, he said that the veteran of the new venture publishing group came out of the mountain in order to spin off the subsidiary, operate different businesses such as publishing, education, and Internet independently, and spin off and list in the future, which is more conducive to the interests of the shareholders of the publishing group.

With this explanation, the stock price of New Venture Publishing Group soared by 15%, hitting a new high again.

When New Venture Publishing Group was listed, it was in the midst of an 84-year bear market, but it still relied on the concept of New Venture Publishing to successfully issue 50 million shares and raise HK$1.5 billion. According to the IPO price in August 84, 30 Hong Kong dollars per share, the total share capital is 150 million shares, and the market value is only 4.5 billion Hong Kong dollars, and at the same time, the annual profit scale in the initial stage of listing is only 200 million Hong Kong dollars. However, in the past ten years, the overseas and domestic business scale of New Venture Publishing Group has been far larger than the original scale by more than ten times.

With more than 20,000 book rental stores around the world, New Venture Publishing Group integrates publishing and rental. The number of books published and distributed is also based on the data of book rental stores, and the stability and growth of performance far exceed that of peers. At the same time, book rental stores will also rent VCDs and DVDs, making the membership system of book rental stores gradually more attractive.

In addition, New Venture Publishing Group also cooperates with other companies in the New Venture Department to invest in film and television dramas, games and other content to further increase the added value of copyright.

Therefore, judging from the performance of 92 years, the annual revenue of Xinye Publishing Group has exceeded 15 billion Hong Kong dollars, and the net profit has reached 2.4 billion Hong Kong dollars. From the perspective of the publishing industry alone, it should be regarded as a very large publishing giant in the world.

Of course, many of the top publishing houses are not publicly traded companies. For example, Japan's Hitotsubashi Publishing Group is not a publicly traded company, so it is impossible to measure valuation. However, if we look at the business performance, Hitotsubashi Publishing Group should actually be larger than New Venture Publishing Group. Because, Shueisha, just a subsidiary of Hitotsubashi Publishing Group, is no less influential than New Venture Publishing Group.

Fortunately, the capital operation concept of Hitotsubashi Publishing Group is relatively conservative and is not a company that is keen on listing and financing. However, the non-listing has reduced some of the distractions affected by the capital market and small and medium-sized shareholders, making the strategy of Hitotsubashi Publishing Group relatively stable. However, Hitotsubashi Publishing Group's conservative approach has also led to the inability to quickly obtain funds and accelerate development with the help of the capital market.

The new entrepreneurship department is not like this, perhaps the most core assets, such as the new entrepreneurship electronics group is not listed, but the company can be profitable and commercialized, and the sought after subsidiaries are basically trying to find ways to go public and raise funds, and continue to turn assets into listed companies, so as to bring more capital to the whole, so that many businesses of the new entrepreneurship department have achieved leapfrog development.