Chapter 435 Year-end summary, forge ahead and imagine a new future!
Two days later.
Zhang Shuo successively accepted work reports from the heads of the group’s subsidiaries.
In fact, there are not many people.
At Zhang Shuo's suggestion, in view of the impending establishment of Qinghe Group, Zhao Xiaohu, former president of Qinghe Technology, Cao Yanhua, president of Jade Bird Interactive Entertainment, and Du Ruiwen, chairman and general manager of Qingyun Data.
The three of them only need to report their work in writing.
Others include Gu Mingzhang, who is also the president of Maili Group, Lu Qi, who is also the chairman of Qingcheng Group, and Lu Kai, who is also the general manager of Germinal Financial Holdings. They do not need to report their duties separately.
In the end, only——
Lin Zhengdong, president of Daosui Group, Tang Xiang, president of Mango Group, Du Qingqing, president of Pinxixi Group, Tan Yunsong, chief scientist of Fertile Land Research Institute, and Guan Zai, general manager of Nebula Technology.
It was done in two days.
On Friday, that is, Sunday, Zhang Shuo personally attended this month's joint presidents' meeting to comprehensively summarize the group's 13 years of work and plan its work for 14 years.
At the beginning of the meeting, as usual, the rotating president Lu Qi first made an annual summary report.
"In 2013, the group is expected to achieve operating income of 450 billion yuan and hand over profits to the parent company of 161.55 billion yuan."
Last year's profit was 81.39 billion.
In other words, the annual profit of Germination Group achieved a year-on-year growth of 98.5%, almost doubling.
Really scary!!!
"Among the profits handed over to the parent company, Jade Bird Interactive Entertainment has turned over a total of 63.05 billion, Maili Group has turned over a total of 63.32 billion, Qinghe Technology has turned over a total of 28.1 billion, and Germination Financial Holdings has turned over a total of 5.58 billion."
In the 2013 profit competition, Maili Group won the championship with a slight advantage, while Jade Bird Interactive Entertainment unfortunately failed to defend its title.
However, after Jade Bird Interactive Entertainment and Qinghe Technology merge their reports next year, it is expected that Qinghe Group will return as the king. As for whether it can defeat Maili Group, it is still unknown.
After all, with the hot sales of MaiLi X2 overseas, MaiLi Group's profitability is also increasing day by day. In addition, MaiLi notebook business will be launched next year, and the annual profit is expected to exceed 80 billion.
Even higher!!!
Similarly, as smartphone data surges, Qingniao Interactive Entertainment, a subsidiary of Qinghe Group, will also benefit. As a super entity that has harvested more than half of the global mobile game market, it is not impossible for its monthly profit to exceed tens of billions next year.
Coupled with the integration of Qinghe Group, advertising revenue next year is also expected to reach a new level.
It’s still worth looking forward to!
In addition to the two hematopoietic machines of Maili Group and Jade Bird Interactive Entertainment, the profitability of the two subsidiaries of Qinghe Technology and Sprout Financial Holdings is also very good, especially Sprout Financial Holdings.
It can be regarded as an unexpected surprise.
Another point is that compared to the non-recurring income of 40 billion in 2012, the non-recurring income in 2013 dropped sharply to 25 billion, which also reflects from the side that this year's profit content is actually higher.
On a global scale, if only based on operating income, Sprout Group may fall outside the top 100 in the world.
But if calculated based on profits alone, due to its ultra-high profit margin, Germination Group will be among the top ten in the world, probably ranking ninth in the world.
Last year, it barely made it into the top 100 in the world, which shows how fast Germination has grown in the past year.
Simply incredible!
In terms of profit alone, apart from the four global energy giants and the two Cosmos Banks from China, the only two companies that rank ahead of the Germination Group globally are Pingguo and Volkswagen.
Even giants like Weiruan, Sanxing, and Guge were surpassed by Buya.
It's really unbelievable.
Of course, this calculation is actually not very accurate, because Sprout Group only counts the total profits turned over by its subsidiaries, not the actual net profit achieved by Sprout Group.
A large part of the profits turned over was reinvested in research and development, investment and new business development.
Therefore, if calculated based on net profit alone, the results achieved by Sprout this year will definitely be greatly reduced, not even comparable to Weiruan and Guge, let alone Pingguo.
But these investments are worth it.
In addition to the R&D investment in Fertile Land Research Institute, which has yet to see results, companies such as Pinxixi Group, Mango Group and Daosui Group have all grown rapidly in just two years.
When Pinxixi Group’s Series A financing was raised, its valuation was as high as 80 billion. After experiencing the highlight moment of Double Eleven, the new valuation has easily exceeded 100 billion, firmly establishing itself as the second largest e-commerce company in China.
Daosui Group was valued at 250 billion during its A round of financing. It owns a large number of star companies such as Changchang Storage, Zhulong Technology, Weijing Semiconductor, and Jing Jiawei, making it a veritable semiconductor giant in China.
In terms of status in the hearts of investors, it even surpasses China Microelectronics.
Although Mango Group has no financing, with the continued increase in sales of Mango M1 and the normal operation of the Magic City Super Factory, the outside world's valuation of Mango Group has reached close to 80 billion.
And the future potential is huge.
In addition to the real industry, in the investment field, over the past year, Germination has invested more than 20 billion in funds and has built a relatively stable industrial chain in the three major fields of smartphones, new energy vehicles, and semiconductors.
The leading software industrial park project has also made great progress after one year of advancement.
"In addition, in 2013, the group also founded Nebula Technology and is incubating Moyin Technology. In addition, it also participated in investments in well-known companies such as China Microelectronics..."
Lu Qi’s summary is very concise.
But every difference in expression represents a new change in the Sprout Group. Its business scope is getting wider and wider, its revenue and profits are getting higher and higher, and its influence and valuation have also skyrocketed.
no doubt.
Sprout Group is already a super giant with global influence.
The executives present were naturally a little excited after hearing this. No other company could reach a big step forward every year like Suya. It had been established for more than three years and it was still making rapid progress.
According to this trend, in three to five years, Germination Group is even expected to stabilize its position as the world's number one.
I’m very excited just thinking about it!
After Lu Qi finished summarizing, Zhang Shuo said: "I won't go into details about the achievements that have been made. The main purpose of calling everyone together to the headquarters this time is to brainstorm and discuss the group's plans for next year and even more.
Planning for the long term.”
“If you have any suggestions or ideas, you can feel free to speak freely.”
Zhang Shuo has never been a person who only rests on his merits. It is not that he ignores these achievements, or that he takes the achievement of these achievements as a matter of course.
Of course it's not.
For budding teams that have achieved results, an equity incentive plan has been launched in the middle of the year. At the end of the year, an absolutely generous year-end bonus will be given based on their performance.
"Let me tell you something first."
Senior Vice President Gu Mingzhang was the first to speak, "What I want to say is that with the strong support of the headquarters, the group's manufacturing business is on the right track. The next problem is-"
“How to cultivate excellent industrial workers internally?”
"This includes not only the electronics factory workers needed by Maili Group, but also the automobile assembly workers needed by Mango Group, and the wafer foundry workers needed by Daosui Group, etc."
"These industries have very high requirements for the quality of workers, especially in the semiconductor field represented by wafer foundry, and it is best to have a stable training path."
"In view of this, my idea is, on the basis of social recruitment, can the group consider taking the lead in establishing a high-standard and high-standard vocational and technical college?"
"Directly benchmark the front line of production and train the kind of people we need."
It is equivalent to targeted training.
"I think this idea is very good." Zhang Shuo's eyes lit up, "China's vocational education is indeed still in an exploratory stage. Rather than waiting for vocational education to improve on its own, we should do it ourselves."
The most important thing is that germination has this condition.
There is no shortage of talent, capital, or jobs.
There's no reason not to do it.
In Zhang Shuo's view, China needs not only high-standard research universities like Eastern University of Science and Technology, but also thousands of vocational colleges with real materials.
The two complement each other to form a complete closed loop.
"Let's do this." Zhang Shuo made the decision on the spot, "As for the preparation of the establishment of the vocational and technical college, you, Mr. Gu, will take the lead, and Director Wu will be responsible for the specific execution and implementation."
"good!"
Gu Mingzhang and Wu Sheyuan agreed with a smile.
"When it comes to vocational and technical colleges, I have recently had an idea to build an internal corporate university within the group for internal employees and partners, focusing on training and online learning."
Wu Sheyuan also took up the conversation.
It is not a new thing for enterprises to run "universities". The famous Huipu Business School and other overseas giants such as Pingguo also have Pingguo University within them.
In China, there are also similar institutions such as Tenda University, Ali Business School, Warwick University, and Qiandu Marketing Institute.
With the current scale of Sprout Group, it is indeed time to make up for this lesson.
"Good idea."
Zhang Shuo also nodded in approval, "Just one thing, it's best not to call it university, but to be rigorous."
You just go to whatever university you want. Do you really treat universities as cabbage?
Not that cheap.
In the original time and space, there were people who used the name of "university" to create circles.
Later, Lu Kai, the rotating president, spoke: "In the past year, Germination Financial Holdings has developed quite well, with a cumulative profit of nearly 5.6 billion, but this is far from reaching the upper limit."
"More and more signs indicate that the Internet financial industry has huge potential. It is still in the initial stage of development and has great potential in the future."
"Therefore, my suggestion is that the group headquarters should increase its support for Sprout Financial Holdings."
“This is also in line with the investment and industrial dual-engine strategy.”
The six group subsidiaries that support the sprouting "industry" include Maili Group, Daosui Group, Mango Group, Qinghe Group, Qingcheng Group and Pinxixi Group.
In the investable financial sector, there are only two first-level subsidiaries, namely Sprout Investment and Sprout Financial Holdings.
That's it.
Both subsidiaries do not operate independently, but exist as departments at the group headquarters.
There is obviously some imbalance.
"Sprouting Financial Holdings, what support do you need?"
Regarding the Internet financial business, Zhang Shuo has long stopped hiding illnesses and avoiding medical treatment. As long as everything is in compliance with laws and regulations, there is no need to say that one size fits all.
If Su Ya doesn't do it, Ah Li, Teng Da and others will do it.
In that case, it is better to let Sprout Financial Holdings improve the level of its peers.
"With Tenda withdrawing from Weizhong Bank, Sprout Financial Holdings owns Weizhong Bank, Lingqiantong and Weixin Pay, and can operate independently." Lu Kai is also not polite.
"Can!"
Zhang Shuo didn't even think twice and agreed directly, "With the profit answer sheet that Germination Financial Holdings has handed over this year, it is indeed qualified to be upgraded to a group subsidiary and operate independently."
"Thank you, Chairman!"
Lu Kai was very excited and immediately said: "After the independent operation of Sprout Financial Holdings, in order to increase the scale of credit, I suggest that the registered capital of Sprout Financial Holdings be increased again."
"This is okay too."
Increasing registered capital is itself an important part of compliance operations.
"As for the small loan business of Sprout Financial Holdings, in the future, we can actually strengthen cooperation with Pinxixi Group and provide loan support to merchants settled in Pinxixi Group," Zhang Shuo added.
"That's a good idea!"
Lu Kai's eyes also brightened, and he became increasingly optimistic about the prospects of Germinal Financial Holdings.
………
The end of the meeting.
Zhang Shuo made additional remarks, "I would like to make four requirements for the group's development plan for next year."
As soon as the words were spoken, the executives took up their pens to prepare notes.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "The first requirement is that the group's total R&D budget for next year should be based on this year's and reach a new level. A conservative estimate is
Reaching 65 billion or even higher."
Research and development is the foundation on which sprouts develop and must not be left behind at any time.
"The second requirement is mainly aimed at the development of overseas markets. I hope that revenue from overseas markets will account for one-third of the group's total revenue next year."
"Then, we will spend a few more years trying to equalize overseas revenue with China's local revenue."
Just being "in the nest" is not Bu Ya's style.
Hearing this, Zhao Mingchuan, the newly promoted president of the group's overseas business department, felt extremely stressed in an instant.
This seat is not easy to sit in!
"The third point is mainly aimed at the investment business. Next year, the investment business needs to make some substantial progress and achievements in the two major fields of modern agriculture and biopharmaceuticals."
Compared with "industry", the budding investment business has always been tepid.
The investments with the highest return rates, until now, are still in Wujiang Technology, Linde New Energy, which is led by Zhang Shuo, and the strategic investment in Jingdong.
Investments in other fields have less than ideal returns.
certainly.
This is also related to the "industrial chain investment" concept practiced by Sprout Investment.
But anyway, since Zhang Shuo has shouted the slogan of "investment and industry" dual channels, Lu Kai, who is in charge of the group's investment and financing business, seems to be quite ambitious.
In this case, we should make more eye-catching results, otherwise it will be difficult to convince the public.
Lu Kai was also thoughtful.
To be honest, just now, Zhang Shuo's support for Germinal Financial Holdings was somewhat beyond Lu Kai's expectation. Because of this, the burden on his shoulders became even heavier.
We can’t live up to the big boss’s expectations!
"The fourth point is to consistently fulfill corporate social responsibilities."
"The establishment of a vocational and technical college is not only for budding, but also for cultivating outstanding professional workers for society. It is a good way to practice corporate social responsibility."
"Others, especially using the Chunmiao Fund as a platform, funding for basic subject research, basic education, etc., can only become stronger and stronger, and cannot drop the chain halfway."
"In addition, you can also consider participating in the assistance of poor areas and poor people in an appropriate way to fulfill the social responsibility of the Sprout Group."
The bigger a company becomes, the more it must not forget its roots.
Without the nurturing of the land of Huaxia, without the efforts of countless Huaxia employees, and without the support of the huge market of Huaxia, there would be no today's Germinal Group.