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Chapter 1236: Going Home (10)

"Okay, you are the chairman, you are the big boss, just do what you say. Internet companies have developed very well in the past two years. In the past, the market value was quite high, but their profitability was weak. This is a common problem in the entire network industry. In the past two years, Liao Jin has carried out many industrial reforms in this area, and has changed its operating methods. The effect has begun to improve a lot. Now, based on the large user base of our big data, we have begun to achieve profits in traffic and advertising, and the effect is very ideal. Take the data at the end of last year for example. The net profit of the entire network company was about 500 million yuan last year.

The dividend profit handed over to our company is also 300 million, which is much better than before. Moreover, we analyzed that the era of Internet companies has not yet arrived. Five years later, it will be the entire Internet era. At that time, we will usher in a golden period. We must not miss the high ground of the Internet, let alone we have the lead at present. So my idea is that if we have funds, we should focus on increasing investment in Internet companies. For example, even if we don’t make money now, it doesn’t matter. We are based on the future. In the foreseeable future, the Internet will definitely be a big cake for all capitals to compete for." Li Yuxin continued.

"Finally let me talk about the overall situation of the company. So far, our Veterans Group has a total assets of about 100 billion yuan and has more than 26,000 employees. Last year, our total profit reached more than 11 billion yuan, and the company's surplus funds are currently 700 million yuan. Of course, we look at this figure in two aspects. Last year, our profit reached 11 billion yuan. There is a big problem here. Most of the profits come from real estate companies. The reason why real estate companies have so many profits last year comes from two real estate projects concentrated in last year's sales, and the prices and quantity are very considerable, but this is not sustainable. There is no possibility of profit this year, and there will be no more profits next year. The next wave of profits will be in the year after the next three lands are developed, and the real estate companies will not have the next wave of profit points, so our current situation is far from what this data looks like. In addition, our company is short of money now and is very short of money. You have also seen it.

The account of a company is only 700 million yuan, and all our money has been in Sanhuangdao. Our company now has a high market value and high fixed assets, but there is little cash flow. We have a lot of plans, but there is no capital to operate. This is a big problem. This situation may take one or two years to achieve a fundamental improvement. Of course, we also need to consider the situation of a tourism investment company, because in the new cultural street project, the tourism company has made pitifully little profits in the past two years, and now it has reached one-third of the level before the start of construction. If there is no major change after the cultural street project is completed, then the tourism company will not only not bring us a profit support point, but it is also likely to become a burden to drag us down. Therefore, for the tourism company, after the project is completed, we must have a profound discussion and plan. As for the tourism company, we cannot lose, and we cannot afford to lose." In the end, Li Yuxin was very serious.

When he heard Li Yuxin talk about Sanhuang Island, Ye Lingtian also became serious, smoking a cigarette, and slowly said: "Yuxin, there may be some major changes in the things on Sanhuang Island, but these changes should be considered good things for us."

“What changes?”

"I went to Beijing yesterday, and Mr. Yu talked to me about these things. The project on Sanhuang Island will be completed in another half a year. You roughly know that Sanhuang Island is actually a military fortress and a military base built by the country. It plays a very important role in the country's strategic needs. It is a strategic location, a bridgehead for us to go overseas, and a sentry fortress for us to defend the country. Its strategic significance is self-evident. In fact, we should understand that we have always been protecting the country in developing Sanhuang Island. Now that the country's strategic construction of Sanhuang Island has been completed, it should be time for us to hand it over to the country." Ye Lingtian said slowly.

"What? What do you mean to return the entire Sanhuang Island to the country? Then... what should we do if we invest so much money on it? We have spent so much money on it, manpower, material resources and hard work on it." Li Yuxin was surprised.

"Let me finish listening to me." Seeing Li Yuxin a little excited, Ye Lingtian smiled and said, Ye Lingtian could understand Li Yuxin's excitement. After all, Li Yuxin spent the most effort on Sanhuang Island. It can be said that every grass and tree on this island is her imagination and her efforts.

"The country cannot ask us to invest on the island, and they do not make investments. All the country wants is control of Sanhuang Island. Once it reaches a critical moment, they need to allocate the resources of Sanhuang Island. What they need is strategic value and military value, and they will not interfere with us in normal times. Let me be honest. Mr. Yu told me that they need to use an army enterprise to acquire shares of Datang Group and the tourism company we have in hand, and 30% from Datang Group, and 40% from us. After the acquisition, they hold 70% of the shares and we have 30% of the shares. Moreover, Mr. Yu promised that they will never interfere with our normal operations on the island. All they need is at critical moments, such as an important thing in the South China Sea. They need to deploy military struggles on the island. They need to control the entire island. In addition, they need to control the entire island.
Chapter completed!
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