Jinghui Company and the governments of Beijing, Tianjin and Yi reached an agreement, and Lin Cheng, the pioneer cow, finally got a little respite in the day or two when the year was approaching. Ｘ

Of course, even if the investment agreements with the three governments were signed, Jinghui Gong did not plan to start construction immediately, after all, the Fourth Ring Road was not fully completed and opened to traffic until June 2001, the Fifth Ring Road was not completed until October 2003, and the Sixth Ring Road was not completed until September 2009.

The reason why Jinghui Company signed the agreement early is to be able to get the land at a relatively low price, first hoard it, then build it slowly, and finally build it at a critical point in time, so as to achieve the effect of maximizing benefits.

……

After finishing the Beijing-Tianjin-wing real estate investment, Jinghui Company was finally on the right track, and Lin Cheng left the capital.

At this time, the wheel of time has come to January 20, and Lin Cheng finally received the 1998 financial report data of Lin Group submitted by the Ministry of Statistics.

From January 1, 1998 to December 31, 1998, the Lin Group achieved an annual revenue of 75.1 billion, a year-on-year increase of nearly 7.5 times, converted into US dollars of about 9.1 billion.

Seeing the figure of 9.1 billion US dollars, Lin Cheng was pleasantly surprised.

At the end of last year, Lin's Group participated in the selection of Fortune 500 companies through government nomination.

If Lin Cheng's memory is correct, this annual income data has exceeded the data of the top three of the world's top 500 this year, and can be ranked 497th in the world's top 500.

Lin Cheng remembers that there are only five large central enterprises in China that have entered the world's top 500 this year: ICBC, Bank of China, COFCO, Sinopec, and PetroChina.

Lin's Group's entry into the list of the world's top 500 companies means that Lin's Group has entered the top 10 of Chinese enterprises and ranked sixth, which is undoubtedly an extremely great achievement!

In addition to the annual revenue, thanks to the relatively low cost of various manpower and material resources in this era, the net profit of the Lin Group is as high as 18 billion, a year-on-year increase of nearly ten times, which is undoubtedly another great miracle.

According to the financial report, the strongest revenue capacity of Lin's Group is the real estate industry, which is the group's main business.

In 1998, Daifuku Real Estate Group's revenue reached 30.8 billion yuan and net profit reached 6.9 billion yuan, both of which ranked first in the Lin Group, completely confirming the supreme position of Daifuku Real Estate Group as the flagship of the Lin Group.

It is worth mentioning that Daifuku Real Estate Group only ranked fourth in its annual revenue last year, but taking advantage of the spring breeze of the government's housing reform policy in the second half of last year, Daifuku Real Estate's revenue ushered in a big explosion in the second half of the year.

Not only are the real estate sales on sale all over the country booming, but the villas around the Huacheng-Qingjiang Expressway section, which have been saved for two years, have also ushered in a sales explosion.

At present, Daifuku Real Estate has built 8,000 villas around the expressway, and 1,000 units have been sold in the second half of the year alone, and the sales can be called hot.

Of course, some friends must ask, since the sales are hot, why are only 1,000 of the 8,000 villas built?

It was Lin Cheng, a big capitalist, who came up with the idea, in order to maximize profits, Lin Cheng asked Daifuku Real Estate to adopt the means of limited sale.

Daifuku Real Estate only sold more than 100 villas per month, which soon caused a hot phenomenon in the market that exceeded supply, and in order to buy the villas sold by Daifuku Real Estate, customers had to take the action of queuing up overnight, but there were still too many monks and few porridges, and many people could not buy it even if they had money.

The second place in annual revenue is still the Lewanjia Supermarket Group under the leadership of Lin Mu Zhu Xueqin, and throughout last year, Lewanjia Supermarket Group launched a strong impact on China Resources Group, a leading supermarket enterprise in China.

In addition to stabilizing the basic market in South China, Lewanjia Supermarket has successively launched attacks in Jiangnan, North China, Bohai Rim and other places where China Resources has advantages.

With Lin Cheng's continuous capital investment, Lewanjia Supermarket Group swelled up like an inflatable ball.

Up to now, Lewanjia Super has become a retail leader in South China and the Magic City, and ranks second only to China Resources Group in Jiangnan, North China and Bohai Rim.

Of course, the strength of China Resources Group is deep-rooted, is a well-known large central enterprise in China, there are seven or eight listed companies under its name, and it is also not bad for money.

However, last year, Lewanjia Supermarket Group still achieved an annual revenue of 11.5 billion yuan and a net profit of 2.2 billion yuan, both of which ranked second, and its strength and potential should not be underestimated.

Daifuku Real Estate Group and Lewanjia Supermarket Group have adopted the strategy of going out and conquering cities all over the country.

As for the other groups under the Lin Group, they basically adopted the development strategy of consolidating the market advantages in South China, and did not march into the country with great fanfare, so the revenue of the other eight groups did not exceed 10 billion, and the total revenue of the eight groups was 32.8 billion.

It is worth mentioning that the BBK Group, which has been free from the Lin Group, has only reached 1.5 billion yuan in profit this year due to the decline of the VCD market and the fact that the newly developed DVD has not yet been launched on the market.

Although BBK has more than doubled its year-on-year growth, it is also a first-class enterprise among the country's electronic enterprises, but compared with other sub-groups within the Lin Group, the development speed can be called the role of the crane tail, ranking last.

The reason why this is so is actually Lin Cheng's intention to limit the development speed of backgammon.

Compared with other sub-groups of the Lin Group, BBK does not have a strong sense of belonging to the Lin Group, and the Lin Group is not a wholly-owned parent company of BBK, and the BBK management team headed by Duan Yongping occupies 30% of the shares.

Therefore, Lin Cheng's investment in its sub-groups is of course inclined, and the capital investment in BBK Group is the lowest.

But this can not be blamed Lin Cheng, since the acquisition of BBK Group, Lin Cheng has been trying to make BBK Group have a sense of belonging to the Lin Group, the year before last also wronged his wholly-owned tobacco and alcohol company to give up the competition for the CCTV standard, support BBK to win the CCTV standard, so that BBK has achieved great development, and won the honor of the first place in the 97 years of Lin's Group.

However, it has had little effect, perhaps because Duan Yongping is tired of working for others, and he has been implementing a policy of de-Lin within the BBK Group.

It is also rumored that Duan Yongping is now actively contacting major fund companies at home and abroad, saving funds with the intention of buying back 70% of the shares of Lin Group in BBK.

After receiving the report of the spies placed within the BBK Group, Lin Cheng had already had the idea of driving Duan Yongping out of the game at that time, but the end of the year was approaching, and he had just dealt with a large number of people in the group meeting before, so he wanted to slow down again.