The Three Gorges Dam has not yet been completely completed, but it has been put into use.
Its biggest function is to regulate the flow of the Yangtze River and avoid flooding in the middle and lower reaches. It only generates electricity incidentally.
In order to build the dam, many departments tightened their belts and tried every means to raise money. Until now, they still owe a lot of debt.
It is true that the dam has started to make money, but the payback period is too long. Taking into account the interest that needs to be paid, it is almost not worth the loss.
In addition, other hydropower stations are also burning money, so I thought of reforming financing and introducing other funds. When the market becomes bigger, other hydropower stations can also be packaged and included together to facilitate management.
From an investor's perspective, Yangtze Power Generation Group is relatively stable.
For the government, there is no need to care about these three melons and two dates. It is better to get out as soon as possible and use the cash-out capital to invest in other people's livelihood infrastructure projects to create more economic benefits. Moreover, even after withdrawing, they can still continue to reap benefits.
Tax.
The consultants in Su Yehao's assistant office spent a day researching the company and wrote a report to him.
According to the statement above.
Yangtze Power Generation Group has the opportunity to become a strong dividend-earning stock.
Its business model is very simple, that is, build dams, repair power stations, install machines to generate electricity, and then sell the electricity.
Although you cannot raise or adjust prices privately, in terms of cost, the biggest advantage is that water resources are free of charge. After completion, unlike thermal power stations, you need to continue to spend money to purchase coal, etc., and it is easy to pollute the environment.
After the hydropower station is repaired, you can just sit back and collect the money. This business is a one-time payment, and the return period is likely to be as long as a hundred years. Considering that the dividend money can also be taken out and reinvested, theoretically it has great potential.
Feng Tiancai rushed to the casino and personally delivered the report to him.
At this moment, he was explaining to Su Yehao:
"Most listed companies in the mainland are iron roosters and rarely pay dividends to investors. The existence of the Yangtze River Power Generation Group itself is to take over the burden. It is expected that it will continue to acquire hydropower stations in the future. It not only values profits, but is similar to other state-owned enterprises.
, all undertake other functions. To be honest, I am not very optimistic about its prospects. Let’s not mention that it is tied up and lacks the value of growth investment.”
Su Yehao was sitting at his desk. Not far away was a king crab island sand table made of sand and pebbles.
This is the temporary office of the King Crab Island project. It is located in the Sihai International Center Plaza in the downtown area of Casino. We found a one-story office building for temporary office.
Feng Tiancai was obviously very interested in the sand table, but it was a pity that the model island was bare and not all was completed.
After he finished speaking, Su Yehao looked through the documents and asked:
"Then what if I become the leader? In this way, wouldn't I be able to manage the company's assets and invest part of the profits in suitable places? Yangtze Power Generation Group has not yet been listed, and its own portfolio is only a few billion yuan. I only need
If we find a way to take over its management rights, we will have the opportunity to transform it from a traditional enterprise into a diversified enterprise driven by both electricity sales and investment."
"...They won't agree."
"Not necessarily. Since it's a burden, it doesn't matter whoever takes it. Besides, I'm willing to continue to buy the Three Gorges generating units and invest in building new hydropower stations at the same time."
Su Yehao was thinking about how to pick peaches.
If you invest enough money, the higher-ups will most likely be interested.
The only difference is that the Yangtze Power Generation Group will be dominated from above to be dominated by him. In addition, through the 5S Asset Management Company, it can issue some corporate bonds with ordinary interest rates. As long as the investment income outperforms the interest, there will be profits.
After a brief discussion, Su Yehao already had an idea.
At this moment, Feng Tiancai told:
"I found that boss, your recent investment projects are all biased towards real assets, and most of the mortgage loan funds such as Yanmoji Group, Google, etc. also flow to the country. In addition to King Crab Island, hydropower stations, etc., I
Illusion, or..."
Su Yehao looked at Feng Tiancai, shook his head and smiled:
"Don't think too much. Buffett uses a bunch of shares of old listed companies as ballast, including Coca-Cola, American Express, etc. Gates is also continuing to reduce his holdings in Microsoft and diversify investments. Everyone is doing this. I think more holdings are
Some physical assets are relatively safe, and we just try to maintain a certain balance to avoid being swept away by the financial crisis."
"I thought there was some risk. If it was just a reconfiguration, then I would be relieved."
After Feng Tiancai finished speaking, he added: "In terms of crude oil futures, boss, have you paid attention recently? I feel that the drop in oil prices is a bit high. There may be a chance for a slight rebound recently. This move by the United States has added a lot of pressure to the Middle East.
Certainty, crude oil prices are now at a lower level."
Recent projects do not require large amounts of funds in the short term.
A few days ago, Su Yehao still felt a little regretful, regretting that he was too evil-hearted.
If we had saved our money earlier, we would have obtained a Three Gorges power generation unit, and printed 400 million yuan of money steadily every year. Extending the time line to ten years would be equivalent to a "loss" of tens of billions of yuan.
Thinking of this, he said to Feng Tiancai: "Okay, I'll say hello later and give you... 500 million U.S. dollars as principal and report directly to me. You might as well be bolder. Google has completed financing and has new funds."
With the capital injection and the valuation rising sharply again, I will treat it as a big gamble. If I lose, I will never touch crude oil again."
Before the United States took action, crude oil prices plummeted, and they only made tens of millions of dollars.
Later, I used part of the cash to go long on the Nasdaq index, and the remaining money was just idle for the time being.
Su Yehao gradually discovered that it was difficult to regain the original happiness in the business world. Speculating with leverage was still exciting, much more exciting than sitting at the gambling table.
So after all, I couldn't hold it back and wanted to enter the crude oil futures market again. The market was big enough, and a single point of fluctuation could easily mean a gain or loss of tens of millions of dollars. I wanted to have some fun for myself.
——————
The next day.
Su Yehao set off directly from Yin Liuli's house to the hearing site.
The media had already arrived. For safety reasons, he went directly into the underground garage and did not accept interviews from outside reporters.
These days, as long as you hold a microphone, you can dare to say that you are a reporter. The little demons in the temple are very popular, and there are many shallow fools. There is no need to argue with them. The group of media who have actually received the invitation has already entered the scene.
In special times, even if you say hello, you must keep a distance.
After taking a seat, we quickly started going through the process. Everyone was handed a planning plan for the King Crab Island. Some people asked questions such as environmental protection, or the cost of land purchase, etc., so I took the opportunity to help others answer their questions.
Su Yehao's sewage treatment station, offshore wind farm, public rental housing projects, etc. are quite bright spots. It is predicted that it will attract six million more tourists every year in the future and create a GDP of tens of billions of Hong Kong dollars.
Although he didn't move himself, Father Su and Mother Tang, including Father Su, have been trying their best to help push it forward these days.
The four casinos that we jointly found before also agreed to a satellite casino with a maximum of 100,000 Hong Kong dollars per day, and did not interfere.
In addition, the gambling king's family recently spent 100 million US dollars to successfully invest in Google, and their concubine also cooperated with Sihai International to do real estate business in the mainland.
The whole hearing did seem like a formality, at least the process went smoothly. Those who deliberately made things difficult for Su Yehao didn't even get a chance to speak, and their influence was pitifully small...