Chapter 513: Readjust the organizational structure and target overseas markets!
Compared with Nebula Group's breakthrough, Qing Ning Group's development will continue to be steady and steady next year.
Whether it is biopharmaceuticals, medical devices, or even more cutting-edge life sciences, including modern breeding, etc., they are all industries that require patience and slow cultivation.
There is no way to achieve it overnight.
"What Qing Ning Group needs to do is to endure loneliness, concentrate on research and development, and strive to soar into the sky in a few years, completely rewriting the new pattern of China's pharmaceutical industry and bringing about some new trends." Zhang Shuo said.
"We must remember the chairman's instructions."
Facing the increasingly brilliant sprout, the last bit of pride in Sun Yang's heart disappeared. Instead, he began to worry that Qing Ning Group was falling behind among the many group subsidiaries.
That's a shame!
The last person to report was Song Zhiyou, President of Xinghai Group.
"In the past six months, with the strong support of the parent company, Xinghai Group has developed rapidly, especially in the mining field. With several overseas acquisitions, Xinghai Mining has begun to take shape."
"Next year, the main thing is to continue to improve the business structure of Xinghai Energy and Xinghai Chemical, strive to be in line with Xinghai Mining, and realize the three major fields of minerals, energy, and chemical industry to go hand in hand."
This ambition is big enough.
If it really comes to fruition, the scale of Xinghai Group will be at least one trillion levels.
I don’t know how much money I have to spend.
But Zhang Shuo was very supportive and said with a smile: "Mr. Song, just let him go. Let me express my opinion first. Next year, in addition to participating in the acquisition of Xian Zhengda, the parent company will also provide an investment quota of 100 billion.
.”
"After the meeting, the group will first allocate 20 billion for subsequent investment in Xinghai Mining."
Increasing the idle funds in the sprout account to the mining, energy, chemical and other fields is itself one of Zhang Shuo's strategies for sprout, and there is no reason not to support it.
"Thank you, Chairman, for your support!"
After getting the big boss's promise, Song Zhiyou immediately became confident.
"In addition, I would like to make another suggestion. Xinghai Mining is now small-scale. In the next stage, in addition to investing in the acquisition of mines, we should also consider investing in some overseas mining giants."
The interest chain in the overseas mining industry is very complex.
Xinghai Mining can at best be considered a new player in the overseas mining industry. Even if it is not short of money, the mines that can be acquired are basically small and medium-sized mines, or marginal mines with poor quality.
Those high-quality, large-scale, and super-large mines are basically in the hands of overseas mining giants.
If Xinghai Mining wants to seize food from the tiger's mouth, it will be as difficult as climbing to the sky.
Or it's simply impossible.
The only way is to "join if you can't beat them", that is, through investment or equity acquisition, become one of the shareholders of those overseas mining giants and share the profits together.
It is unrealistic to think of eating alone.
"What do you think of the Danshui River Valley?" Zhang Shuo asked.
Danshui Valley is one of the world's largest mineral products companies, headquartered in Samba Country, with operations in about 30 countries around the world.
Not only is it the world's largest producer of iron ore, pellets and nickel, it also produces manganese, ferroalloys, coal, copper, gold, silver, cobalt and fertilizers.
In addition, Danshui River Valley also invests and operates in the fields of logistics, power generation and steelmaking.
"In the past year, the operating conditions of the Danshui River Valley did not seem to be very good."
As a professional manager in the mining industry, Song Zhiyou is naturally no stranger to the Danshui River Valley. He explained: “Due to the decline in global prices of iron ore powder, pellets, nickel and other products, coupled with factors such as the depreciation of the Samba country’s currency,
It is generally expected that the Danshui River Valley's losses in 15 years will exceed tens of billions of dollars."
And just last year, Danshui River Valley was profitable.
This also means that due to large-scale losses, the liabilities of Danshui River Valley will rise sharply.
“Isn’t this a good opportunity for Xinghai Mining to intervene?”
Zhang Shuo holds a different view.
As I said before, the global mining industry has been in recession in recent years. Life for major mining giants, including iron ore and copper mines, is not easy. But this difficulty is only temporary. In the next few years
, there will be major benefits soon.
If you miss this time, you will never have another chance.
"this…"
Song Zhiyou really had no idea where the big boss got his confidence from, so he was so optimistic about the prospects of the mining industry.
If it were anyone else, he would have doubted it a long time ago, but he couldn't stand the fact that Zhang Shuo now has the aura of being "the richest man in the world", "the most successful entrepreneur in the world", and "the hand of miracles". If he didn't believe it, he would subconsciously believe it.
What's more, the main premise for the establishment of Xinghai Group itself comes from this prediction of the future.
"In short, let's get in touch with Danshui River Valley as soon as possible. If necessary, I can also contact Dream Fund and Vision Fund to participate together." Zhang Shuo did not give Song Zhiyou room to hesitate, and directly made his own decision.
In 2016, in order to reduce debt, Danshui River Valley chose to sell nearly 10 billion U.S. dollars in assets, including selling a minority interest in its Samba iron ore assets.
It also plans to sell all or part of its fertilizer business, as well as part of its stake in the Samba State Copper business.
"All right!"
Having said this, what else can Song Zhiyou say?
Of course, whatever the boss says will happen.
………
After Song Zhiyou finished his report, Executive Vice Director Jiang Yue, Vice President and President of Overseas Business Unit Zhao Mingchuan, Chief Scientist Tan Yunsong, Operations Director Liu Xiaohui, Human Resources Director Wu Sheyuan, Financial Director Cai Feijuan, Chief Economist Xu Yinfeng, etc. all took charge of themselves.
I made a simple report on the work in the field.
In particular, Chief Economist Xu Yinfeng gave a special report on the annual audit that just ended this year.
"In general, all the subsidiaries of the group are operating smoothly. Although many problems were discovered during the audit, they did not involve issues of principle, and the overall operating risks are controllable."
After Zhang Shuo's warning to Cao Yanhua last year, this year, various subsidiaries have obviously restrained themselves a lot.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Because the headquarters is serious about it.
But looking at the audit report, Zhang Shuo's eyes were dull. Even though Xu Yinfeng was a professional talent parachuted in from the outside, he still couldn't be 100% sure of the authenticity of this report.
It is also impossible to determine whether each audit team avoided the important issues and neglected the less important ones during the audit process.
It’s all about human nature!
But as the budding helmsman, Zhang Shuo was unable to put this suspicion into practice or even reveal it. He could only acquiesce in such an audit report.
In the future, we can only deal with it after the problem is truly exposed.
Unconsciously, the budding system has been developing for more than five years, and its scale has expanded countless times. Although Zhang Shuo has always emphasized that "entrepreneurship is on the road," it has inevitably fallen into the whirlpool of big company diseases.
It’s just that the problem is not that serious!
………
At the end of the meeting, Zhang Shuo made a concluding speech.
"Through the reports and discussions just now, the development plans of each group subsidiary for next year have been basically clarified, which is good. I am here to focus on the new actions of Sprout Holdings next year."
"As a parent company, our basic principle is to provide better services to our subsidiaries."
The so-called services include but are not limited to talent planning, corporate development strategic planning, legal assistance, operational support, technical support, etc., and of course the most critical financial support.
This is also the fundamental reason why subsidiaries such as Mango Group can become bigger and stronger.
"Next year, a focus of the parent company's services will still be on overseas markets." This is the third consecutive year that Zhang Shuo has emphasized the importance of expanding overseas markets at the annual summary meeting.
It’s almost something that must be covered every year.
Because of this, the budding overseas strategy has made major breakthroughs in the past two or three years.
For example, various electronic products under Maili Group have been sold all over the world and become one of the most popular consumer electronics brands in the eyes of global consumers.
Another example -
Qinghe Group, Qingcheng Group and Pinxixi Group have all opened up in Southeast Asia.
Apps such as Weixin, Weixin Pay, Frog Browser, Qingcheng Overseas Edition, Pinxixi Overseas Edition, Feixun, Panda Live, etc. have established a firm foothold in major Southeast Asian markets and become one of the popular local applications.
Even the cloud services provided by Qingyun Data can be considered a small success.
But this is obviously far from reaching Zhang Shuo's expectations.
An overseas strategy like Mango Motors has just started. The overseas strategy of Daosui Group has not even started yet, let alone Qing Ning Group, Nebula Group and Xinghai Group.
There is still a lot of room for development in the future.
Secondly, except for the deeply cultivated Southeast Asian market, even in Europe, except for wheat grains, there has not been much development, let alone the North American market.
In addition, there are Asian markets such as Japan, Korea, and Tianzhu, which also need to be continuously explored.
In view of this, Zhang Shuo is prepared to give the overseas business department greater authority, allocate more resources to the overseas business department, continue to deepen the overseas market, and continue to promote the internationalization process.
The first thing to do is to adjust the organizational structure.
"In order to strengthen the group's overseas layout, the group has decided to change the name of Jiaoyang Holdings to Germination (Xiangjiang) Co., Ltd., which will be fully responsible for the Asian market except China and the Oceania market. The person in charge is the president of Asia and reports to the president of the overseas business unit.
.”
"In addition, Germination (Prussia) Co., Ltd. was established in Europa to integrate the group's branches, offices, peripheral institutions, etc. currently scattered across Europa. It will be fully responsible for the Europa market and the African market. The person in charge will be the president of Europe.
.”
"Set up Sprout (New York) Co., Ltd. in North America, integrate the group's various resources in North and South America, and be fully responsible for the entire American market. The person in charge is the president of the Americas."
"The presidents of the three major regions all report to Zhao Mingchuan, the vice president of the group."
In this way, it is equivalent to integrating all the branches, offices, liaison agencies, etc. that were originally scattered in various markets to form a regional company across the continent, fully responsible for the operational affairs of Sprout Holdings in the region.
In a sense, it is also responsible for the overseas headquarters of Germination.
"The levels of the three overseas companies of Xiangjiang, Prussia and New York are all recognized as first-level group subsidiaries, that is to say, they are on the same level as business companies such as Maili Group."
This institutionally establishes the status of the three overseas companies in the budding system.
It also elevates operations and business to an equally important position.
Otherwise, the three overseas companies would not be able to integrate Sprout Holdings, including the overseas branches and offices of each group's subsidiaries, and the resources of the offices would still be separate.
Speaking of which, this was also inspired by Samsung.
Samsung has been deeply involved in the Chinese market for decades. It is not just Samsung mobile phones that have emerged from the industry. It has invested in home appliances, finance, machinery, chemicals and other fields. In order to integrate resources, it has focused its efforts on one area.
All branches and investments are under the unified management and deployment of Samsung (China) headquarters.
The three newly established overseas companies of Sprout Holdings are, in a sense, playing similar roles and will truly shoulder the important task of Sprout Holdings’ comprehensive entry into overseas markets.
And there is no doubt about it.
With this adjustment, Zhao Mingchuan's status in the budding department will also rise again.
In terms of personnel arrangements, Zhao Mingchuan will concurrently serve as the president of the Asian region, and the remaining presidents of the European region and the American region will consider hiring externally. The general principle is to lock in a European and a beautiful Chinese.
If we don’t appoint local executives, we will simply not be able to survive.
After Zhang Shuo announced the relevant decisions, the annual meeting finally came to an end, which also meant that 2015 had officially come to an end and the new year of 2016 was about to begin.
………
Monday, January 4th.
After the New Year's Day holiday, Zhang Shuo returned to the company and sat down in the office. The first thing he had to do was, of course, to sign and approve the funding application for the new quarter, which mainly included -
Allocate 6.5 billion special research and development funds to the Fertile Soil Research Institute;
Allocate 5 billion operating funds to Nebula Group, including 3.5 billion special research and development funds;
Allocate 1 billion operating funds to Jiaoyang Holdings;
Allocate 4 billion operating funds to Qing Ning Group, including 3.5 billion special research and development funds;
Allocate 1 billion operating funds to Xinghai Group;
Allocate 1 billion operating funds to the headquarters of Germination Group, including the operating expenses of the property management department.
A total of 18.5 billion funds.
As the year is approaching, taking into account the year-end bonus, the relevant allocation has increased by one billion compared with the previous quarter.
In addition to fixed allocations.
In the fourth quarter that just passed, Sprout Holdings’ special expenses mainly included:
In late October, 47.5 billion was allocated to Germination Investment to invest in Wangke;
In mid-November, 100 billion was allocated to Sprout Holdings to pay equity repurchase costs to the Dream Fund;
In late November, 10 billion was allocated to the employee care fund to launch the youth apartment project;
In late December, 10 billion was allocated to Weizhong Group to increase its registration fee;
In late December, 20 billion was allocated to Xinghai Group for subsequent acquisition of overseas mineral resources.
The cumulative cost is 187.5 billion, setting a new record again.
In terms of revenue, in the fourth quarter of 2015, Qinghe Group turned in profits of 78.5 billion, Maili Group turned in profits of 78 billion, and Weizhong Group turned in profits of 9.5 billion.
In the last quarter of 2015, due to equity repurchases, Sprout Holdings once again experienced negative cash flow growth. In this quarter alone, net cash outflow was 38 billion.
Sprout's cash flow has also shrunk further.
The only good thing is that due to the huge expenses and huge profits, the experience value has finally exceeded the 100 million mark, reaching an astonishing 1.3 trillion. At this rate, it is expected that the entrepreneurial level will be upgraded to level 12 by the end of this year.