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In the past few years, newspapers, television, and the Internet have reported a lot on Aida Electronics and Aida Group, but these pervasive media cannot accurately or slightly clearly describe the outline of Aida Group, and Qin Gang can understand it a little at this time. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

There are a number of overseas corporate shareholders in the shareholding structure of AIDA Group, but it is feared that the central government may not be able to obtain the financial information of these offshore registered private companies through diplomatic means, and the cross-shareholding between AIDA Group and affiliated enterprises is extremely complicated.

In short, Qin Gang can only know the asset scale of Aida Group and the basic financial status of the group from the documents at hand, but he can't want to know the real equity structure behind it.

Listening to Du Fei just say the word "Kumho Department", Qin Gang thought to himself: Standing behind the Kumho Economic Research Center and the name of the Economic Research Center are all derived from this, the so-called Century Kumho Real Estate sponsorship is just a way to cover people's ears and eyes, so the scope of industries that the Economic Research Center focuses on should at least include the entire Kumho Department of industrial fields, real estate, catering and entertainment, consumer electronics, paper, forestry and paper integration, home appliance manufacturing and home appliance chain sales, steel, shipbuilding, shipping, minerals, Internet investment…… Where is this a private enterprise, it is simply an economic empire.

Qin Gang never thought that the domestic private economy could grow to such a point, like Aida Group, which can no longer measure its business scale and value by net assets.

In the document, the valuation of the domestic net assets of Aida Group is only 15 billion, which shows that the brand value of Aida is far underestimated. Now Kewangdu claims that its brand value is 2 billion, the influence of Aida at home and abroad is so great, the brand value of 10 billion is modest, deducting 10 billion brand intangible assets, is it that the fixed assets and technical assets within the Aida Group are only worth 5 billion?

In recent years, everyone is accustomed to estimating the market value of enterprises in the form of capital securitization, the average price-earnings ratio of new technology listed companies in Shanghai and Shenzhen is 40 times, and there is probably no high-tech enterprise in China that dares to stand up and say that the assets are better than the assets of the Aida Group, and the domestic part of the Aida Group has a net profit of 4 billion yuan in 98 years, and the market value of some of the assets of the Aida Group is 160 billion yuan in the 40 times price-earnings ratio plan.

Qin Gang had jokingly discussed with his colleagues at the State Chamber of Commerce why Aida Group was not listed in China, and at this time, he realized that in China, how could such a large pond in Shanghai and Shenzhen accommodate a private enterprise with a market value of 160 billion yuan? And Aida this year's performance in the domestic mobile phone market is particularly outstanding, read this document, Aida this year's sales exceeded 20 billion, net profit exceeded 6 billion, Qin Gang will not feel the slightest surprise, then not to say that the market value of some of the domestic assets of Aida Group will reach 240 billion? are qualified enough to squeeze into the world's top 500.

It is no wonder that Haizhou's local finances are so abundant, and most of the domestic taxes and fees of Aida Group are completed in Haizhou, and the local finance of Haizhou can retain nearly 400 million yuan from Aida Group for corporate income tax alone.

Qin Gang estimated that Kumho's enterprises in Haizhou would contribute as much as 1.2 billion to 1.5 billion yuan to the local finance. You must know that Jianye City's local fiscal revenue in '98 was only 12 billion yuan after a sharp increase, and Qin Gang probably remembered that Haizhou City's local fiscal revenue was only 1.4 billion yuan in '94 or '95, and Haizhou City's local fiscal revenue doubled by relying on the Kumho family, and it is no wonder that everyone said that Haizhou City was so fat that it was oily.

This time, Chuangyu was integrated into the Kumho system and became a member of the Kumho system, and the cross-shareholding was converted into asset value based on seven times the market profit of the Aida Group based on the financial audit of 98 years, about 28 billion, or even only one-sixth of 160 billion yuan, and it is no wonder that Shi Xuebin was excited to change all the shares of the Aida Group, which was simply to pay for the cheap original shares of the Aida Group, and he hated to exchange the 260 million cash of Chuangya for the original shares of the Aida Group.

Of course, Chuangyu must at least keep a certain amount of funds in hand for business development, and cross-shareholding should also be dispersed to various affiliated enterprises according to a certain proportion, and it is impossible to concentrate on Aida Group.

Qin Gang read the cross-shareholding plan and found that Kumho Shoji was not included in the cross-shareholding plan, thinking that Kumho Shoji might have some trade secrets that would not be disclosed to them for the time being.

In addition to Kumho Corporation, Qin Gang also knew that there were some overseas companies in Kumho that were not included in the cross-shareholding plan, such as ESS, which has often been reported by the media recently.

At this time, Qin just knew that ESS was completely outside the Aida Group financially, and Aida Group paid nearly 800 million patent licensing fees to ESS in 98 years; There are also some joint ventures with overseas companies such as Deyi and Scober, such as Zhongjing Microchip, which are not included in this cross-shareholding plan.

In Shi Xuebin's words, the documents they saw today were only 20 meters below the surface of the sea to understand the Kumho system, and they had no way of knowing what the Kumho system looked like 20 meters below the sea surface.

Qin Gang thought to himself: Below 20 meters above the sea surface is probably mainly the overseas expansion part of the Kumho system, right?

In addition to the cross-shareholding between Chuangyu and Kumho member companies, Qin Gang and they can also choose a certain proportion of personal shareholding, Du Fei explained to them at the beginning: "For the part of individual shareholding, you can choose to hold Xiangxuehai, Shengxin Electric, Xinguang Paper and Century Kumho...... If you think that it doesn't matter if you cash out or not, then choose more Aida Group, and the future growth will be better. You choose first, and I will share the rest with Meng Le. ”

Because the direct shareholding of the management of Kumho member companies should be controlled below 30%, the equity held by him and Meng Le in Chuangyu had to be exchanged with Kumho member companies again, this time mainly Qin Gang, Ling Xiaoyan, Shi Xuebin, Dong Yuehua, Shi Xinfei and Xi Ruolin, and he and Du Fei were not involved.

In addition to Aida Group, the assets of Xiangxuehai, Shengxin Electric, Xinguang Paper, and Century Kumho are very high-quality, and several people here did not even know that Xiangxuehai, Shengxin Electric, and Xinguang Paper were affiliated enterprises with Aida Group, and they were all core members of the Kumho system.

Shengxin Electric's Xinshi Street flagship store is a store with an annual net income of more than 100 million yuan, Xiangxuehai is still last year's CCTV standard king enterprise, and Xinguang Paper is a leading enterprise in the East China paper market......

Well, compared to the cross-shareholding plan, compared to the choice of personal shareholding, Qin Gang was more curious about Zhang Ke or the Zhang family behind Zhang Ke in the Kumho system at this time, and believed that Shi Xuebin, Shi Xinfei, and Dong Yuehua would also have such a strong and irrepressible curiosity in their hearts at this time.

The net assets of Kumho Corporation in China are not large (excluding Kumho Corporation's direct investment in China), the tangible and intangible net assets are about 30 billion yuan, the debt ratio is low, and the total assets are about 434 billion yuan. Kumho may not be qualified to sit in the top spot in the recently emerging private capital camp in China, but its profitability is extremely amazing, and the domestic profit of Kumho in 98 will reach 8 billion, which is almost equivalent to the profit of China National Petroleum Corporation in 98 years, and I believe that no private capital entity has such an amazing profitability.

If Kumho gradually spins off and lists domestic assets, not to mention the 40 times P/E ratio, even if the stock market is sluggish, there will always be 20 times or 15 times the P/E ratio of emerging industries, and it is appropriate to estimate the actual value of some domestic assets of the entire Kumho system in the range of 120 billion to 160 billion.

It's just that Zhang Ke was in the conference room, he was embarrassed to discuss directly, watching Ye Xiaotong answer the phone and pull Zhang Ke and Du Fei out, Dong Yuehua turned his head sideways and said to Qin Gang: "That guy named Hurun has ranked a list of China's richest people, and it is estimated that the wealth of the richest man in China is 12 billion. Such a big fish in the East China Sea, he was stunned and mistaken! ”

Qin Gang smiled, the Zhang family only holds 10% of the equity in the entire Kumho system, even if only the domestic assets of the Kumho system are counted, the Zhang family's wealth will exceed 12 billion.

Shi Xinfei is usually more taciturn, he looked at Meng Le sitting behind Xi Ruolin with Erlang's legs to help her staff, and asked, "Old Meng, come, get to the bottom with us, otherwise it will be too depressing......

"Go, I'm also signing a confidentiality agreement......" Meng Le pursed his lips and ignored Shi Xinfei, his chin pressed on Xi Ruolin's fragrant shoulder, and instructed her how to prepare personal shares.

Seeing Meng Le's hard mouth, Shi Xuebin teased him and said: "Lao Meng, you also said that the combination of men and women should pay attention to the principle of robbing the rich and helping the poor, a rich man should marry a beautiful poor woman, and a rich woman should marry a talented poor man, you and Senior Sister Xi got together, at least wiped out two opportunities to get rid of poverty and get rich by marriage, I said are you two ......" He didn't speak, so he hit the head with the pen that Xi Ruolin threw over, "Alas", seeing that Meng Le couldn't speak, he turned his head to look at Ling Xiaoyan, "Senior Sister Ling......"

"I know as much as you do, don't call me Senior Sister!" Ling Xiaoyan hurriedly blocked his mouth with words, and Shi Xuebin couldn't stop nagging, and he said a few more words, which might make him fool. She has known Zhang Ke for a long time, when she met Zhang Ke, Aida Group was far from today's scale, Zhang Ke had to trick Daier into being an advertising model for Aida Group, more than four years have passed, and it feels really fast. Four years ago, Aida was still Aida, Sheng Xin was still Sheng Xin, and Ling Xiaoyan didn't expect that now Aida and Sheng Xin have merged into one. From Zhu Xiaojun, she knew a little about the Ye family's status in the domestic political arena, and the far-reaching influence of the Ye family's connections was not something that a provincial party secretary or minister could match, thinking that Shengxin Electric Appliances was almost built by the Ye family, since Shengxin Electric Appliances was also integrated into Kumho, the Ye family's rights and interests in Kumho should not be too small. Ling Xiaoyan can guess that Zhang Ke has led the development of Aida Group from beginning to end and led the creation of the entire Kumho economic empire, which can be seen from Zhang Ke's daily interactions with other core figures in the Kumho system, but how much interest Zhang Ke holds in this economic empire, she really can't guess well, she can't guess well, and there doesn't seem to be anything bad.

Shi Xuebin blocked Ling Xiaoyan from speaking, smiled hesitantly, and asked Meng Le: "After cross-shareholding, what rank can I calculate compared to the management of other member companies of Kumho......

"It's almost the same manager and deputy manager," Meng Le said, "Actually, it's hard to say, and it's not accurate, Kumho member companies are developing rapidly, and there is a big difference between the options obtained one year in advance and the options obtained one year later, and in any enterprise, old employees always have to take advantage of them...... What do you care about this for? ”

"When he was old, he was thinking about seducing girls from the conservatory, how to accurately describe his net worth and social status to others at this time...... Dong Yuehua said.

Meng Le laughed, urging everyone to finish the matter.

His cross-shareholding plan with Du Fei, Kumho Sho and Kumho's other overseas companies are all available. Only by having access to the financial data of Kumho Corporation and ESS can it be regarded as receiving Kumho's core trade secrets, and Mengle generally knows the distribution of interests within Kumho.

The Ye family, represented by Ye Jianbin, Ye Xiaotong and Shao Xinwen, directly created two member companies of Shengxin Electric Appliance and Shengxin Telecom for Kumho, and held about 14% of the equity in Kumho; In 97, Mr. and Mrs. Sun Shangyi held more than HK$2 billion in cash, which provided strong financial support for the development of Kumho in the past two years, and held about 10% of the equity in Kumho. Xie Wanqing can be said to be the woman standing behind Kumho, without Xie Wanqing's support, Kumho's start would never have been so smooth, but she has gradually withdrawn from Kumho in the past two years to concentrate on the operation of Haiyu International Private School, and her personal equity in Kumho has been less than 5%; Shao Zhigang, Sheng Qing and Zhang Ke's uncle Zhang Zhifei and others have all created a career one after another and then integrated into the Kumho system, holding almost 7% of the equity; The huge management holds about 14% of the equity (among them, Su Jindong and Ding Wei have the largest equity, and the two account for about 5%); Southeast Asian Chinese businessmen including Ge Jia (Ge Mingde), Chen Jia (Chen Wencong), He Jia (He Zhaokui) and Ma Jia (Ma Wenqu) hold about 5% of the interest......

If you exclude them one by one, it is not difficult to calculate Zhang Ke's personal interest in Kumho: slightly less than 45% and slightly more than 44%.

If Kumho's domestic and foreign assets are worth 100 billion, then Zhang Ke's personal wealth is 44 billion, and if Kumho's domestic and foreign assets are worth 200 billion, then Zhang Ke's personal wealth is 88 billion.

If you want to calculate it on the basis of actual assets...... In fact, Kumho's assets at this time are the most difficult to estimate, and what is the appropriate value of the intangible assets contained in the four major trademarks such as Aida, Shengxin, Xiangxuehai, and Xinguang? What is the appropriate value of the technical assets formed by thousands of invention patents?

Meng Le is sure that Kumho will be able to return at least more than a billion dollars in cash by transferring all the invention patents covered by the DPM-iplayer patent pool.

Only Kumho and Samsung Electronics have been authorized from Toshiba for the invention patents covered by the NAND flash memory chip patent pool, and the licensing authorization obtained by Kumho is more complete than that of Samsung Electronics.

Meng Le does not have enough understanding of other private capital forces hidden in the sea in China, and it is difficult to say whether Zhang Ke can become the richest man in China with his personal assets, but the list of the richest people in China ranked by the guy named Hurun can only be used as a talking point after dinner, which is really not serious.

Meng Le also had a lot of contact with core secrets, and he had in-depth private exchanges with Zhang Ke, and he knew that Zhang Ke had long ceased to be interested in how much specific personal assets he had.

This year, Kumho's total domestic and overseas income is expected to exceed 12 billion yuan, and Zhang Ke's personal name will be able to enjoy more than 5 billion net income.

Qin Gang and Shi Xuebin were chatting and laughing here, and it was almost more than five o'clock before the matter was finished, Ye Xiaotong answered the phone, pulled Zhang Ke and Du Fei out, and never came back for a long time.

After the matter was over, a staff member came over to collect the documents and materials.

After sitting in the conference room for a long time, I felt that my back hurt a little, Qin Gang pulled Shi Xuebin to find a place to smoke, and saw that the door of the small conference room at the top of the corner aisle was open, Zhang Ke and they were inside, Qin Gang looked inside, in addition to Du Fei and Ye Xiaotong who was holding his stomach, Shao Zhigang, the boss of Century Kumho, was also there, Wang Weijun, Secretary of the Party Working Committee of the High-tech Zone, and Yao Wensheng, Director of the Investment Promotion Bureau, were also inside, I don't know what they were talking about.

At this time, Zhang Ke turned his head and saw Qin Gang and Shi Xuebin, so he stood in the small conference room and asked, "Are your things done?" ”

"Well, I sat for a long time and came out to breathe." Qin Gang saw that Zhang Ke did not refuse them to enter, so he walked into the small conference room with Shi Xuebin, the sandalwood conference table covered most of the several architectural drawings, Wang Weijun, Shao Zhigang and others looked up at Qin Gang and Shi Xuebin, did not say anything, continued to discuss the drawings, everyone stood and spoke, only Ye Xiaotong was pregnant, and sat there as a matter of course to listen.

Qin Gang and Shi Xuebin stood in the back and listened to their discussion while looking at the drawings, and after a while, they understood that they were discussing the design of a super high-rise building. During the discussion, no one raised the specific height and floor, Qin Gang stood a little higher, and he couldn't see the annotations on the drawings clearly, Shi Xuebin pushed his waist and whispered: "Fifty-two floors......"

This guy actually had the heart to stand behind and count the floors on the renderings, Qin Gang was really shocked, in addition to those single-tower TV tower buildings that didn't have much meaning, the tallest high-rise building in Jianye was only one hundred and forty-eight meters, and it was the landmark building of Xinshi Street, the International Trade Center. Since the secretary of the Party Working Committee of the high-tech zone came to participate in the discussion of the design plan, could it be said that a super high-rise building of more than 200 meters should be built in Hudong?

At this time, Meng Le and the others also packed up the documents and materials, walked over and crowded to the door to watch, Shao Zhigang turned around and said to Meng Le: "Come, come, you also come over together to put forward some opinions, let us refer to ......"

"Don't," Zhang Ke had an opinion, and said, "The more opinions, the more complex the design, and the higher the construction cost, I think the square design is quite good......"

Wang Weijun shook his head and smiled, and stood with Yao Wensheng Chaoli, making more space for Meng Le and Qin Gang to squeeze to the edge of the conference table and be able to see the drawings clearly.

Du Fei explained to Meng Le: "This building should be built on the northwest corner of Yanyuan, and the net height of the main part should reach 200 meters, and a high roof of dozens of meters high should be added...... Now it's just a draft discussion, and now it's too plain, and the name hasn't been decided......"

"Hehe, Xiao Du also supports my point of view," Wang Weijun laughed, "I can count on the first super high-rise building built by Kumho here to lead the city's coquettishness...... I discussed with Secretary Luo Jun that it would be possible for Kumho to relax the budget a little more, and that it would be possible to invite famous overseas designers to participate in the design competition, which would not only expand the influence of Jianye City, but also expand the influence of Kumho......"

Since Wang Weijun said so, and also conveyed Luo Jun's meaning, Zhang Ke pouted and said: "Then design according to the standard of 1.2 billion, deduct 60 million from it as a design fee, and you should be able to invite the world's top design institutes to participate in the design bidding......

"Ah......" Everyone was stunned, Wang Weijun opened his mouth, and after a while he said, "You are still crying poor!" You're called poor! ”

"Didn't you just want to increase the impact of the city, didn't you want to increase the impact of Kumho?" Zhang Ke smiled.

Qin Gang just subconsciously felt that the design fee of 60 million was a bit much, after all, he was not an insider, and he didn't know how much the design fee should be at a reasonable level.

Shao Zhigang shook his head and sighed: "To do super high-rise design in China, forty or fifty per square meter is considered high, this project is only 100,000 square meters, and the design fee of 10 million yuan is enough to make the best design institutes in China break through; The normal quotation of the world's top design firms is about 25 or 6 million -- now 60 million is enough to make several of the world's top design firms fight for blood. ”

"A building more than 200 meters high, put it in Asia, it doesn't have any impact......," Zhang Ke said with a smile, "You can also invite a few more domestic design institutes to participate in the bidding, and the moon abroad is not necessarily rounder than China." ”