"Phantom Technology fully meets the listing qualifications..."
Understanding Li Qing's doubts, Michelle smiled and said: "We have carefully reviewed the finances of Phantom Technology since its establishment. It is certain that Hanhai Group has achieved profitability after taking over Phantom Technology in 1998. By 2001
, has definitely satisfied three financial years..."
Li Qing was a little dizzy. It was true that Hanhai acquired Mirage in 1998, but he clearly remembered that the company had been in a state of loss. After the original company was broken up and reorganized, he immediately invested two funds to develop search engines.
and "Legend of Hot Blood". It was not until "Legend of Hot Blood" was launched in 1999 that it became the most shining subsidiary of the group at that time with its outstanding performance.
So, if we count from 1999 to 2001 now, literally speaking, it does meet the three fiscal years, but if we investigate carefully, it does not meet the 36-month time limit at all.
"Leesin, I probably know what you are worried about. You can rest assured that our Goldman Sachs Group has absolutely mature operating experience and is confident that it can pass the assessment of the New York Stock Exchange. In fact, Phantom Technology does meet the three requirements.
fiscal year."
Michelle explained carefully: "The conditions for non-U.S. domestic companies to be listed on the New York Stock Exchange are that they must make profits in the last three fiscal years, with no less than US$2.5 million in the last year, and no less than US$2.5 million in each of the first two years.
2 million U.S. dollars or no less than 4.5 million U.S. dollars in the last year, and a cumulative total of no less than 6.5 million U.S. dollars in three years.”
Michelle opened the briefcase she carried with her and pulled out a report: "Phantom Technology was established in 1998 and released its first product "Legend of Hot Blood" in June 1999. It became profitable in the second half of the year, with net revenue of 77 million yuan.
The gross profit was as high as 71 million yuan, the gross profit margin was 92.2, and the operating profit was 111 million yuan; in the second half of the year, Phantom Technology released a number of game products, with net revenue of 168 million yuan, the gross profit was as high as 143 million yuan, and the gross profit margin was over 85.1."
Han Jiayou said: "Up to now, it has been in a state of sluggishness, but in recent months, Hong Kong housing prices have begun to rise slightly. Many people are optimistic about this opportunity. Entering the market at this time can buy the cheapest real estate for the least money.
In fact, many real estate developers have regained their strength and are ready to give it a try."
Li Qing took a sip of tea, glanced at his father-in-law, and said, "Uncle Jiayou also wants to participate in this game?"
"game?"
Han Jiayou was stunned, then smiled and said: "This is indeed a game, are you interested in participating?"
Li Qing smiled.
In fact, it may be that his status is different and his vision is higher.
At this moment, he was no longer as cautious as before when he stood in front of Han Jiayou. After listening to Han Jiayou's thoughts, he no longer had much interest in discussing this aspect with Han Jiayou.
It is already 2001, and there is only one year left before the SARS outbreak in 2002. Maybe this world is different from the previous life, and there will be no SARS virus. But even so, Hong Kong housing prices have completely declined after the financial crisis.
Most investors have lost confidence, and property prices have fallen again and again. Now it is not possible for them to skyrocket.
Moreover, Hong Kong’s property prices have fallen so sharply. The economic crisis, SARS virus, etc. are just the background. Before this happened, Hong Kong people had spent too much money on housing. The mortgage burden ratio in Hong Kong was too high.
In 1994 and 1995, Hong Kong's housing affordability ratio rebounded after the 1990s. Before the 1997 financial tsunami, it reached a maximum of 110, which was the critical line of danger, because only 30% of the income was left, which became a precursor to the crisis.
In Hong Kong back then, housing loan debts were everywhere, and the risks had reached unprecedented heights.
The higher the loan amount, it means less money for consumption. Ordinary people have less and less money to consume. Sluggish consumption means that the income of companies in the market generally decreases. Low income of companies means that the general income of society decreases, so people have to pay more.
Can't afford the mortgage.
In this way, more people will have to sell their houses at a lower price because they are unable to afford their houses, so house prices will fall and the real estate market will collapse.
For example, for a multi-million-dollar mansion, the down payment is only 2 million, and the remaining 8 million is repaid with a loan. Calculated based on Hong Kong's average mortgage annual interest rate of 2.5%, and if the loan is repaid for 20 years, the total interest expense to be repaid will reach about 2.17 million.
Including deed taxes, commissions, attorney fees, etc. totaling more than 500,000 yuan, the total additional payment for purchasing a house is about 2.7 million yuan.
Faced with such a heavy burden, how can ordinary people still have money to spend?
There is no money to spend, and the economy is extremely depressed. If the virus outbreak is also added, the market will be full of sellers who are burdened with mortgage loans and want to sell their properties and relieve the pressure. In this case, everyone is selling their houses. You invest at this time
Real estate, if not seeking death, what is it?
But Li Qing did not clearly explain this to Han Jiayou.
After all, there are some things deep in his heart that he still can't let go of. It was you who beat the mandarin ducks so hard back then. It was you who came to the door and scolded the poor boy for his whims. You were the ones who talked about Kuang Feng, Zhuang Xian and other competitors in front of him.
It's you who beat yourself up.
Now that I'm up, you start talking and laughing again.
If it weren't for the girl, Li Qing wouldn't want to step into the Han family compound at all.
In Li Qing's eyes at this moment, the Korean consortium was nothing more than a passing cloud.
In the growth of his career, there was basically no direct help for him, and indirect help was minimal. Of course, it is undeniable that because of the existence of the Korean consortium, Li Qing did use this to be powerful for a period of time.
After the two and two were added up and the grievances were offset, Li Qing did not want to get entangled with the other party anymore.
Therefore, he always had a barrier in his heart towards Han Jiayou, Tang Wanru, Han Daocheng and others.
Not too close, not too distant, just right.
Li Qing's current attitude, Han Jiayou has been playing for decades, seeing it in his eyes, how could he not understand it in his heart?
But precisely because of this, he felt more relieved.
People with abilities usually have quirks.
Today's Li Qing, even in the eyes of Han Jiayou, is no longer what he used to be. Even in the business world, he is already on an equal footing with him.
Therefore, Han Jiayou didn't care about Li Qing's attitude. What would happen if a capable person had a bad temper?
He has become worth tens of billions in just a few years. Looking at the whole of Hong Kong, who can do it?
Even in the United States, it is a business miracle. No matter how bad-tempered such a person is, it is normal.
What I fear the most is that people who have no ability at all will only have bad tempers.
"You have just come back. Don't think too much. Take a rest first. The old man will hold a family gathering at Juxian Villa in the evening. Nannan, you and Ah Qing will come together then, you know?" Han Jiayou asked.
"I know, Daddy." Han Han said happily: "Will Tang Tang and the others come too?"
"certainly."
Han Jiayou smiled and looked at Li Qing and said: "Maybe I haven't formally introduced the family members to you before, so let's meet them tonight."
"Okay, Han Han and I will be waiting there in advance." Li Qing responded.
Han Jiayou waved his hand: "That's not necessary. Speaking of which, this family gathering is specially held for you. You don't have to be too deliberate or too formal. We are all a family, so just get along casually."