An hour later, hundreds of shareholders and employees gathered in the seven-story conference room of the small partner company. Pen%Fun%Pavilion www.biquge.info【Fengyun Novel Reading】

The whole hall is full of people, and it looks very popular. Among the shareholders of the small partner group, there are not only professionals related to finance and IT, but also directors, stars, writers, cartoonists and other people.

There are few pure capitalists and executives, but they include all members of the small partner company.

"Boss, you are partial, we have fought for the company, and we have made the most profits for the company. Why is the treatment not as good as that of mobile games? An employee of the PC game division found Wang Qinian at the shareholders' meeting to complain about his grievances, "The profits of our team are handed over to the parent company at 5% every year, and the parent company takes the money to invest in mobile games, and plans to invest in mobile games outside the company, I feel unconvinced!" ”

"Actually, you can also apply to develop mobile games, and you can say whatever you want. Applying for the development of mobile games can suspend and reduce the dividend ratio of the subsidiary. Use profits to invest in mobile games, and the parent company does not interfere with your ideas. If you have the idea to invest yourself, if you don't have enough money, you can even apply for a loan or equity financing from the parent company! Wang Qinian said with a smile.

"Boss, can our publishing department develop our own IP? Games, movies, animations, etc., many of them are adapted from our books. ”

"Okay, no problem at all, as long as you think you can do it, you can try to do it."

"Boss, I want to start my own business, this is my business plan, which contains my ideas."

"Well, stay with me. If I find it interesting, even if the company doesn't invest, I will use my personal money to invest. ”

"Thank you, boss!"

"IT is tired, I want to be an actor."

"Well, you can try it with a team of new directors who have just entered the industry, maybe you really have a talent for acting. Even if you don't, find the right role for you, and perform in your true colors. It is also possible to succeed. ”

"Why didn't the partner company buy TVB?"

"This, because we feel that TVB's business model has no future, and the traditional TV media market is shrinking. And if it's about program production ability. So, why do we need a TV station? If domestic satellite TV can be acquired, TVB ratings are mainly in Hong Kong and Macao, as well as in the Pearl River Delta region of Guangdong Province. One has passed its peak, in the decline of the television media. Personally, I don't think it's worth investing. Even if it seems to have a market value of only one or two billion yuan, which is cheaper than some domestic listed film and television companies, it is still not worth investing. ”

"Boss, buy Blizzard!"

"If I could buy it at the right price, I would have bought it a long time ago."

Before the meeting, Wang Qinian was almost like a spiritual mentor, listening to and replying to many suggestions from employees and shareholders.

Because, shareholders and employees are one. Therefore, the annual general meeting of the small partner is also a meeting of shareholders and employee representatives. Originally, shareholders wanted to pay less wages and squeeze more, and employees should want to work less and get more money without being responsible for the company's profits and losses.

Inconsistent interests, outside of the session, are not conducive to the internal unity of a company.

This is the small partner company has adopted the unity of shareholders and employees, and everyone is both an employee and a shareholder. As a shareholder, squeeze the value of your own employees, and as an employee, you can still take your own employee salary income when the company is difficult and does not meet the dividend conditions.

In the early days of the small partner group, the company adopted equity incentives. Reward outstanding employees with shares. Nowadays, the format has been changed, and the subscription is mainly voluntary. Of course, it also opens up the right of employees to sell shares to the company. Whether it is subscription or redemption, it is based on the company's net assets announced in the last quarter.

Under this mechanism, the company has a special fund that holds a portion of the shares and cash, whether the employee offers to subscribe for shares or sell shares. It is all taken over by this fund. For the time being, the fund itself holds shares available for sale, which only accounts for less than 2/1000 of the total shares, which can meet the small subscription of ordinary employees. If it is sold out, there will be no shares available for sale in the fund unless other shareholders sell their shares to the fund.

In other words, the small partner company has formed its own equity trading market. In this market, there is only one kind of stock traded - the shares of the small partner group!

This internal trading market has even triggered visits by domestic governments and enterprises. It seems that there is only one partner company in this internal equity trading system.

We don't go public -- but we have a well-established stock market internally, and its mechanism is almost no less than that of a stock exchange, except that there is only one variety.

Not all shareholders participate in the on-site meeting, after all, the shareholder size of the partner company exceeds 10,000. With so many employee shareholders, going public will be an obstacle. Before many companies go public, they buy back employee shares and reduce the number of original shareholders to facilitate listing. After many years of listing, I thought of equity incentives, which made employees pay to agree with the shares, but the subscription price was naturally far from the original shares before the listing.

The small partner company doesn't care about this, because even if it is listed, it will be its subsidiaries and grandchildren listed. As the core group company, it has no plans to go public.

Even if countless domestic and foreign investment banks want to persuade small partner companies to go public, Wang Qinian will only say indifferently: "Listing is someone else's money to play us, and I prefer to play others!" ”

After the listing, there are more shareholders who have their own ghosts and whose interests are inconsistent with the long-term interests of the partner company. Got financing, but lost freedom. Therefore, Wang Qinian feels that he is still the major shareholder of the small partner company, so the small partner company will not be listed.

Of course, although it is not listed, the shareholders' meeting will still be carried out as usual.

"In the past year, the total revenue of the partner company exceeded 400 billion yuan, and the export reached a record of 70 billion yuan. The scale of net tax profit also hit a record high, reaching 41.5 billion yuan! At present, our profit is twice that of Vanke. It is higher than China Merchants Bank, Minsheng Bank, and Shanghai Pudong Development Bank, and roughly the same level as the profit scale of Bank of Communications. ”

Wang Qinian took the summarized financial statements and said with a smile: "The past year's achievements have been beautiful, and we hope to make persistent efforts in the new year." At the same time, I propose that the scale of dividends in 2011 should be doubled compared with the previous year, that is, 20 billion yuan in dividends, and everyone will share the company's operating growth dividends. In the coming year, we will show better form, meet new challenges, and create better results! ”

Of course, half of the profits were distributed to dividends, which was unanimously approved by more than 99% of the shareholders on site and those who participated in the meeting through the Internet.

The total share capital of the small partner group company is 100 million shares. This means that the dividend per share will reach 200 yuan, and even if the 20% dividend tax is deducted, the after-tax dividend is still as high as 160 yuan. Even some employees who have just joined the company for two or three years usually have a few hundred shares.

Many old employees have thousands of shares or even tens of thousands of shares, and for old employees who hold a large number of shares, salary income has long been not the main income. Eating dividends every year is their main source of income.

The shares of the small partner group are not listed and cannot be traded freely. However, it is precisely because they cannot trade freely that many employees do not have the heart to pay attention to what stock price will increase and avoid distracting them. They don't care much about how much a share is worth, or how much the partner group valuses. However, after the annual meeting every year, the real dividends are getting more and more year by year. Over the years, the increase in dividends has been hundreds of times. The growth of the company's net assets is far more than that.

This kind of long-term shareholders can truly share the dividends of the company's growth. Compared with many speculators who speculate in the stock market and make a little difference and are complacent, the long-term comparison is much stronger.

Imagine that Warren Buffett's Berkshire Hathaway stock price has grown from $7 to $210,000 a share, a 30,000-fold increase over the decades. If you don't hold it for a long time, follow it all the way, and there are a few people who can share this once-in-a-lifetime growth dividend.

HSBC was established in the 19th century, HSBC had a share capital of 40,000 shares in 1866, and the market value was equivalent to 207,600 grams of silver, and by 2013, the total market value of HSBC reached 1,600 billion Hong Kong dollars, equivalent to 100 million US dollars, equivalent to 100 million grams of silver, and the market value after 147 years was 895,300 times the market value when it was founded, with a compound annual rate of return of 9.77%. Excluding dividends, it has recorded a growth of nearly 900,000 times. The growth of 900,000 times wealth only requires an annualized rate of return of about 9.77%.

It can be seen that the continuous profitability of enterprises and the benefits ultimately created are very terrifying data. For example, many wealthy people have worked hard for generations, but can they guarantee that the return on assets of their families can reach 9.77% in more than 100 years? If it is an annual growth rate of 9.77%, then more than 100 years should be hundreds of thousands of times the increase in wealth.

A super-rich man like Li Ka-shing is only slightly stronger than HSBC's annualized profitability, which can achieve an annualized rate of return of 15%~20%, and he can become the richest man in China.

Warren Buffett's annualized rate of return of 20% for decades seems simple. However, the accumulation is a great cause that few people can surpass. Growth, it is definitely not about earning 10 times this year, losing 50% next year, doubling the year after next, and losing 70% when you are old...... The general performance of the roller coaster can only accumulate much wealth in a lifetime, and the dividends of stable growth cannot be obtained.

The partner company has not surpassed the HSBC empire at present, but the growth rate of the partner is indeed faster than that of the HSBC empire.

Wang Qinian didn't dare to take credit, thinking that it was entirely his own credit, and the more important factor was that the current era was different from the past. At this time, the world's productive forces and scientific and technological capabilities are 1,000 times ahead of the past, so the economic output value created by modern people in a year may be more than the value created by people in a lifetime a hundred years ago. (To be continued.) )