Chapter 273: Finance

Zhao Yuanxi often needs to practice dance in S.M company, usually sportswear, and is his own endorsement brand SPAO, from this point of view, Zhao Yuanxi is a competent spokesperson.

It was obviously inappropriate to attend the meeting of the finance department in sportswear, Zhao Yuanxi went up to his practice room on the fourth floor, changed his shirt, trousers, formal clothes, washed his face, and stopped before going to the conference room on the fifth floor.

The director should have the bearing and demeanor of the director.

It is still the largest conference room of S.M, and the empty oval conference table sits seven people, which are extremely loosely distributed, separated from each other by the boss's empty seats, indicating that a group of financial executives are not close.

Two deputy financial directors, the head of the S.M Corporate Affairs Department, the head of the first and second departments of the headquarters and the second director of the first and second departments of the overseas department, and the senior management of the finance department are all present.

"Director." Seeing Zhao Yuanxi, who was wearing a white shirt and black trousers, walk into the conference room, the seven of them got up and saluted together.

"You've done a great job, please be seated." Zhao Yuanxi nodded casually and took the lead in taking a seat in the host seat.

After Zhao Yuanxi sat down, the rest of the staff sat down, Zhao Yuanxi looked around and said with a smile: "Your time is precious, let's start here." ”

Zhao Yuanxi was in charge of the finance department for a short time, and when he took over the purge of the finance department, he only replaced the senior executives who were close to the former director Li Zongren, including two deputy directors and the head of the Ministry of Affairs, and the rest of the minister-level personnel Zhao Yuanxi was not removed on a large scale, and was still the same as the previous team.

This time, Zhao Yuanxi held a financial meeting to demonstrate his authority in charge of the finance department, and then to listen to the financial report of the second quarter.

There was silence. An Chengjun, deputy director of finance, turned his head to look at a man farthest away from him and said, "It's better to start with Minister Li from the overseas department." ”

Minister Li nodded, and began to report on the first and second quarter financials with a serious expression.

Since its establishment, S.M has achieved unprecedented development as the first music entertainment agency listed on Kosdaq, becoming a multi-industry group company, the main business of course, natural music brokerage, and its subsidiaries in various industries have also sprung up.

Among them, the company formed by a series of industrial chains derived from music and artist portrait rights is the branch, such as Zhao Yuanxi's first endorsement SPAO is the clothing subsidiary of S.M Company, and the image spokespersons are all popular artists of S.M Company. In addition to the clothing company, the head office also includes coffee shops, KTVs, and physical factories responsible for the production and sales of artists' peripheral products.

The 1st and 2nd Divisions are responsible for the financial affairs of its local subsidiaries, while the 2nd Overseas Division 1 is responsible for managing the finances of the Chinese branch, the Thai branch, and the U.S. branch, which was recently established by Chairman Lee so-man himself.

The only exception is S.M's subsidiary in Japan, which is wholly owned by the head office. However, the financial settlement is operated by the subsidiary alone. It is not under the jurisdiction of the head office.

After the head of the first and second divisions of the headquarters report to the head office, the report of the first and second overseas departments is the report of the first and second overseas departments, and it is easier to understand the financial status of the first and second overseas divisions because it only involves sales, compared to the financial status of each industry of the subsidiaries of the headquarters.

Finally, Lu Yongtai, Minister of the Ministry of Affairs, spoke, Lu Yongtai, like An Chengjun, are talents promoted by Zhao Yuanxi from the grassroots level of the Ministry of Finance. It has nothing to do with the former director. Zhao Yuanxi naturally gave great trust. It turns out that Zhao Yuanxi's vision is good. Lu Yongtai was shrewd and capable, and An Chengjun and the two quickly assisted Zhao Yuanxi to complete the control of the entire finance department.

"The company's profit in the second quarter was 41.7 billion, much higher than the 33 billion estimated by the securities industry. Earnings increased by more than 100 percent year-on-year," Lu Yongtai said in a brisk tone, smiling brightly, and continued after a pause, "The substantial increase in earnings is mainly due to Director Zhao's active performance as an artist, with remarkable achievements in album sales, advertising endorsements and peripheral product sales, and at the same time driving the company's stock price to rise. ”

Lu Yongtai's words are beautiful and honest, since Zhao Yuanxi joined S.M Company, the company's stock price has been rising all the way, from the initial drop of less than 1,000 won to 980 won per share has soared to nearly 5,000 won per share, Zhao Yuanxi is indeed indispensable as an artist and a company executive.

Lu Yongtai said with a smile: "Nowadays, the media has called our director Zhao as a mobile small and medium-sized enterprise. ”

Although he couldn't get rid of the suspicion of sycophancy, Lu Yongtai, the head of the department, did listen to the words, and a group of executives from the finance department responded with smiles and applause, Zhao Yuanxi smiled faintly, his face was calm, and he was faintly self-conscious in his heart.

How much money to make has never been the goal of Zhao Yuanxi's attention, otherwise he would not give up his job as a wealthy fund manager and focus on the management of S.M company and his work as a singer.

Ability and value are widely recognized is the capital that Zhao Yuanxi cares about and is proud of.

The company's substantial increase in earnings means that as a senior executive, you will receive a high year-end dividend, the atmosphere in the conference room gradually warmed up, everyone laughed for a while, Zhao Yuanxi raised his hand, and asked: "Minister Lu, how many employees are currently in the company?" ”

Lu Yongtai replied without even thinking about it: "S.M Entertainment currently has a total of 258 employees, including 151 male employees and 107 female employees. ”

"How much do current employees get paid?"

Lu Yongtai thought for a moment and said: "The average annual salary of male employees is 31 million won (about 181,000 yuan), and the average annual salary of female employees is 28.8 million won (about 168,000 yuan), and the average working experience is 3 years and 9 months for male employees and 3 years and 10 months for female employees. ”

Zhao Yuanxi nodded, expressed satisfaction with Lu Yongtai's work, turned his head to An Chengjun, the deputy director on his right hand, and said: "In order to thank the company's employees for accompanying the company to tide over the difficulties and never give up in the company's difficult times, I plan to raise the salary of the incumbent employees comprehensively, what do you think?" ”

The so-called overcoming difficulties together is just an excuse for Zhao Yuanxi's casual talk, and his actual purpose is to spend money to buy people's hearts.

This kind of thing will not be rejected unless the head is in water, and it is related to one's own vital interests. A group of senior executives from the finance department naturally expressed their serious approval and resolute support for Director Zhao's wise decision.

"Since this is the case, then please ask Director An to draft a plan as soon as possible."

An Chengjun smiled, this work was really easy and pleasant, and immediately said loudly: "My subordinates must do their best." ”

Zhao Yuanxi tapped lightly on the marble tabletop, groaned slightly, and asked his right-hand man: "With the current situation of the company, what is the maximum credit and loan that can be obtained by applying for a loan from the bank?" ”

An Chengjun frowned, and couldn't understand Zhao Yuanxi's intention to suddenly propose a loan for a while, so he thought for a while before he replied cautiously: "I don't think it will exceed 100 billion, and this still needs to be applied to multiple banks." ”

After all, S.M is a music entertainment agency and has no collateral. It is difficult for banks to grant high credit lines and loans. An Chengjun silently estimated before conservatively giving the value, in fact, he was not sure about this value.

Lu Yongtai leaned forward slightly and asked in a deep voice: "Director, the company is currently operating well. Abundant funds. It doesn't seem like there's a need to apply for a loan from a bank. ”

Zhao Yuanxi smiled but did not answer. Continue to ask: "If the company issues financing bonds, can it raise 200 billion yuan in a short period of time?" ”

Ahn Sung-jun's brows furrowed and he exhaled with difficulty. "I'm afraid not, the problem is that there is no bank that will guarantee the minimum amount of financing bonds for our company, and the amount of 200 billion yuan is too large, even the Agricultural Cooperative Bank, which has always cooperated with us, may not accept it."

Zhao Yuanxi smiled and turned his head to look at the other deputy director Kim Tae-hwan who was on his left hand, "What about Director Kim's opinion?" ”

Kim Tae-hwan is the only executive retained by Cho Won-hee after he took charge of the finance department of S.M. Company, and the purpose of Kim Tae-hwan's existence is not to gain Cho Won-hee's trust, but to stabilize the morale of the military.

Kim Tae-hwan knew that he had always kept a low profile, and he had never been able to speak without speaking, but at this time, when he heard Zhao Yuanxi ask his opinion for the first time, he was stunned and said casually: "I agree with the views of Director An and Minister Lu." ”

"This is the end of the meeting, please come to my office with Director Jin." Zhao Yuanxi stood up, briefly ended the financial meeting, and floated away with a sentence.

Ahn Sung-jun and Roh Yong-tae glanced at each other and shook their heads, obviously unable to understand Zhao Yuanxi's intention to suddenly propose large-scale loans and issue financing bonds.

Kim Tae-hwan sat in silence until all the executives had left the conference room, and then suddenly woke up from a big dream and went to the financial director's office on the fourth floor.

"Director Jin, please be seated." Zhao Yuanxi saw Kim Tae-hwan very enthusiastically walked out of his workbench and stepped forward to say hello.

Kim Tae-hwan didn't sit down, and said bluntly: "I don't know what the director is looking for me?" ”

Zhao Yuanxi was not angry, and said with a smile: "If there are 300 billion won in cash in the company's account, how will Director Jin operate?" ”

"Of course, it is to give priority to improving the industrial chain, and then expand to the music field and the film and television field, as far as I know, Chairman Li and President Kim have always had expectations for the company to enter the film and television industry, and if there is a cash flow of 300 billion yuan, I think this plan will definitely be prioritized on the agenda."

"So, what about before the company expands? How do you turn 300 billion into 6,000 or more? ”

Kim Taeyeon looked at Zhao Yuanxi in surprise, as if she knew Zhao Yuanxi on the first day, and when she saw his awe-inspiring expression, her heart jumped suddenly, and she suddenly remembered that the dignified Director Zhao in front of her turned out to be a gold medal fund manager in China, and she was immediately relieved.

Zhao Yuanxi paced two steps casually and said in a deep voice: "On the other side of the ocean, the subprime loans in the United States are gradually fermenting and becoming more and more intense, and the liquidity crisis is beginning to take shape. South Korea's foreign exchange reserves and gold are seriously insufficient, and if a liquidity crisis breaks out in the United States, South Korea will inevitably fall into greater trouble than the United States. ”

Kim Tae-hwan's eyes lit up, he was also a top student who graduated from Korea University in economics, and he agreed with Zhao Yuanxi's profound analysis of the current situation in South Korea, and couldn't help but nod his head again and again.

"There is not enough hard currency as an anchor for the currency, and it is an inevitable trend for the won to depreciate sharply against the United States," Zhao Yuanxi waved his arm vigorously, "According to my conservative estimate, it will depreciate by at least 30 percent, think about it, if we have 300 billion won, converted into US dollars, yuan or Hong Kong dollars, King Sejong can bring back more companions when he travels abroad, is there an easier way to make money?" ”

"Director Takami." Kim Tae-hwan admires from the bottom of his heart, the gold medal fund manager is really not joking, his vision is outstanding, and the boldness of his ideas is far from being comparable to himself.

Zhao Yuanxi turned around and stared straight at Kim Tae-hwan, "I need a complete plan, as soon as possible." ”

"Willing to serve the director." Kim Tae-hwan raised his head and shouted loudly, completely impressed by Cho Won-hee's audacity and almost crazy plan. (To be continued......)