Time flies, and three years pass by in a flash.

Wang Qinian didn't expect that a movie would take three years to make. This is mainly due to Wang Qinian's pursuit of excellence in the movie, and constantly overturned the previous plan. So much so that the final budget for the film version of "Catalogue of Forbidden Books of Magic" reached $385 million.

It not only refreshed the production cost record of Chinese-language films, but also set the highest film budget in the history of world cinema.

Almost all investors are in a cold sweat!

The budget of this film exceeded expectations, mainly because Wang Qinian had extremely high requirements for a VR audio-visual experience.

In order to cooperate with the VR version, therefore, it is crazy to burn money.

And Wang Qinian's willful burning of money caused the budget of this film to be repeatedly exceeded, further kidnapping film investors all over the world, and they had to grit their teeth and continue to follow up on investment.

However, with the first half of 2016, the box office market of Chinese films, the box office revenue of the first half of the year exceeded 40 billion yuan, surpassing the box office of North American films in the same period.

Forty percent of the market share of China's cinema chain is mastered by small partner cinema chains. At the same time, in the online movie ticket sales market, the market share of small partners is more than 70%.

This advantage of channel monopoly led to the release of "Catalogue of Forbidden Books of Magic" in July 2016 sweeping the Chinese film box office market, hitting a new high of 3.16 billion yuan.

At the same time, the box office of overseas movies has also soared, and the Japanese box office market has collected $180 million. The box office of North American movies exceeded 350 million. The European box office market earned $170 million.

In the end, the film became the first super blockbuster in the history of Asian cinema to break $1 billion at the global box office.

In addition, the VR market sales of this film also exceeded 150 million US dollars, promoting the rise of the VR film market.

Of course, after the results of this movie were released, fans in Japan emphasized that it was because of the influence of the IP of "Demon Forbidden". In addition, Japanese sound effects and musicians also play a crucial role in the movie.

The domestic film market is due to Wang Qinian's team, and the film production team of the little partner has already belonged to the well-known king division in the world, and the films invested and distributed by the small partner not only can rank among the top in the world in terms of box office data, but more importantly, the average profit level is good, and there are few movies with big losses.

In this context, the market value of the two listed companies under the small partner, Golden Harvest Entertainment Group and Cinema Holding Company, has continued to hit new highs. The market value of Golden Harvest Entertainment has exceeded 100 billion Hong Kong dollars, becoming a wonderful feature in the Hong Kong stock market.

The box office of the cinema holding company exceeded 200 billion yuan, stabilizing the leading position of the world's cinema companies.

Next, the small partner company has successively completed the spin-off and listing of the small partner electronics company, and the small partner electronics group includes mobile phones, tablet computers, VR and other products. The annual revenue scale is more than 500 billion yuan, and the profit is also more than 60 billion yuan.

Such a giant was listed, with an original share capital of 10 billion shares, and an additional 2.5 billion shares were issued, bringing the total share capital to 12.5 billion shares. The issue price per share is 40 yuan, and the price-earnings ratio is less than 10 times.

Obviously, Wang Qinian is more generous and doesn't want to pit investors, such a big man has little room for growth, so he chose a more conservative valuation.

Of course, even with such a large listing, it still forms a feast for new listings in the A-share market. After the IPO, the overall market value exceeded 500 billion. After the listing, due to the low stock price, it soared three times, making the market value of the small partner electronics reach the 2 trillion yuan mark, completely destroying any of the BAT.

Subsequently, another pillar of the Little Partner Group, the Little Partner Game Group, also began to go public to make money. As the largest game giant in China, the market value of the small partner game company was 300 billion yuan when it was listed, but its market value also exceeded 1 trillion yuan later.

It has two super giants with a market value of more than one trillion yuan, plus some subsidiaries with a market value of 100 billion.

The small partner department has become China's largest chaebol and the most growing enterprise group in China in the 21st century.

In the second half of 2016, after Wang Qinian listed a number of companies, he publicly said: "The rapid growth of the small partner department has ended, and in the future, it will not be us to create another miracle." Our responsibility, the first is to return, to give investors long-term and stable returns. The subsidiaries that have been listed, each of them seeking stability, aggressive and risk-taking, and may lead to the collapse of the company, should stay away from it, so that our shareholders can sleep at night. ”

"Legacy, our group, receives a lot of profits and dividends every year. The part of these dividends will be more invested in emerging start-up companies and entrepreneurial projects, and we will want to be a century-old evergreen enterprise like IBM. However, there is a possibility that there will be great companies in the future among the companies in which we invest in them. Of course, priority is given to investing in businesses founded by our employees, and we welcome any employee who leaves to start a business. We will record the integrity and overall performance of our employees within our system, and these achievements can be directly converted into funds for leaving the company to start a business. For example, if a diligent, honest and dedicated employee wants to start a business one day, then ...... We can invest millions in him without any guarantees, without looking at his business plan. ”

"Charity activities, our partners do not take fund-raising charity, our charity fund, do not accept social donations, all sources of funds, are the love of our partners' companies, shareholders and employees. At present, we spend 10% of the group's profits on charity every year, with an annual scale of 10 billion. If the company's profitability can grow, it will be even larger in the future. Our charity plans are all open and transparent, and the society recognizes that they need help, of which no less than 80% of domestic charity projects and no less than 20% of overseas charity projects! The operating cost of the entire charitable fund is controlled within 2%, unlike some private charities, which accept donations, but 40% or more of the funds are used for expenses such as 'operating expenses and management expenses'. Of course, if you want me to donate most of my property after death like Warren Buffett, I'm sorry, I'm not interested. However, in my lifetime, it should be possible to spend more on charity than Warren Buffett. ”

"Finally, I announced my retirement. I don't want to retire when I'm very old. While you are young, let go of all the baggage of work. After all, what I should do has already succeeded. All that's left is to stay out of the way and act as an overseer to protect my company. As for the governance of the company, leave it to the company's professional team and the board of directors, if it is not a matter of life and death, I will rarely appear in the company or the board of directors in the future. ”

Soon after Wang Qinian spoke publicly, people found that ...... He really retired.

Well, it's not quite, it's just from all the heavy work, thrown to others.

And Wang Qinian doesn't like to appear in front of the media in a high-profile manner, but people often see Wang Qinian's traces on the Internet. (To be continued.) )