The top three companies in the consortium contributed US$17.58 billion in profits, accounting for 68.6% of the total profit of US$25.6 billion. This outstanding performance made Wang Yaocheng overjoyed and did not hesitate to praise it.
If you open the report, you can see that other companies also performed well;
Ranked fourth is HSBC Bank;
In the third fiscal quarter of 2002, HSBC completed the provision plan for large bad debts four months ahead of schedule and earned a profit of US$2.36 billion. This year, it wrote off a total of US$14.7 billion of historical bad debts.
This move revitalized the entire bank.
As the core enterprise of the consortium, the power of HSBC, the world's second largest bank, can be imagined once it sheds the burden of mergers and acquisitions and enters the field lightly.
HSBC has done well to absorb the pressure from mergers and acquisitions.
Putting aside the large bad debt accrual plan, the profit amount for each financial quarter has stably reached more than 6 billion US dollars, and based on the consortium's 70% shareholding ratio, it can obtain equity dividends of more than 4 billion US dollars.
Ranked fifth is Yangtze River Technology Group;
As the world's largest OEM company, in addition to setting up five major industrial parks in China, Changjiang Technology Group has successively established export processing bases in Malaysia, Vietnam, Thailand, Brazil, Uruguay, Mozambique, Egypt and other places, with the scale expanding to one million
people.
Dell brand computer and mobile phone products sell well all over the world and have also achieved impressive results.
In the third fiscal quarter of 2002, it achieved a profit of US$1.976 billion, ranking fifth among the consortium.
Ranked sixth is Carrefour Supermarket Group;
Due to intensified domestic competition and the proliferation of supermarket brands, profit margins have been further diluted. Carrefour Supermarket still achieved a profit of US$1.831 billion in the third fiscal quarter, temporarily ranking sixth.
Ranked seventh is Corning, which achieved a steady profit of US$1.79 billion, with little difference compared to the previous two financial quarters.
Ranking eighth, ninth and tenth are all real estate companies. Swire Properties ranked eighth with US$1.6 billion, Pacific Real Estate Company ranked ninth with US$1.333 billion, and Cote d'Azur Real Estate Company ranked tenth with US$1.012 billion.
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Cathay Pacific ranked eleventh, with a profit of US$1.01 billion. It was awarded the title of "World's Best Airline" among aviation companies and has an important position in transatlantic routes and Europe-Asia routes.
The above 11 companies all have profits exceeding US$1 billion, are very competitive in their respective fields, and are core enterprises of the consortium.
The company that suffered the biggest setback this year was Glid Group. Due to brutal price competition, it only earned US$650 million in profits in the third fiscal quarter, falling to 16th place in the ranking.
But its sacrifice was worth it. It cut off the huge profits of the home appliance division that delivers nutrients, pushed Samsung Electronics to a dead end, and ruined its future.
This forced rival Samsung Electronics to sell off its LCD and semiconductor divisions in exchange for valuable cash flow and survive.
henceforth
Wang Yaocheng could finally sleep comfortably and peacefully, no longer worrying about the shadow of the huge Samsung Empire.
The first thing you do when you arrive at the office every day;
I just want to check the recent trends of Samsung Group and get first-hand information anytime and anywhere, and I don’t dare to slack off at all.
This time, not only the arms were removed, but the legs were also removed.
Wang Yaocheng had already told his fortune;
Samsung Electronics has no future.
The now prosperous Samsung Electronics Home Appliances Division is not the target that Wang Yaocheng needs to attack. The consortium has no plans to fully develop the home appliances industry.
A large wave of zombies is coming. Without the strong financial support of the consortium, it depends on how long Samsung Home Appliances can last.
Carrefour Supermarket, Green Group and Panda Electronics are all preparing to go public. Naturally, the first choice is the domestic and Hong Kong stock exchanges to accumulate cash flow for the next step of development.
These high-quality companies can provide shareholders with stable income and are truly blue-chip stocks.
Other businesses are doing equally well;
Marvel Animation, Swire Trading, Athlon Microprocessors, Swire Shipping, Pacific Telecommunications Corporation, Hong Kong and Shanghai Hotels Company, Hong Kong China Electric Power Company, and Hong Kong and China Gas Company all have profits between 500 and 800 million US dollars.
Under the steady management of its president, Mr. Shun Xiangyang, Yahoo actually achieved a net profit of US$372 million in the third fiscal quarter, which is a highlight for high-tech companies. It helped the company's market value rise to US$140 billion.
Yahoo ranks outside the top 20 consortiums in terms of profit, and its market value is second only to HSBC. Cisco ranks third, ranking above Hynix, TSMC, Corning, Athlon, and Marvel Animation.
This is an excessive valuation unique to Internet high-tech companies, which others cannot envy.
Similarly, President Shen Xiangyang is also a popular candidate for "World's Best Manager".
in 2003 and 2004
It is planned to put Yahoo Japan and Yahoo China on the Nasdaq market to attract money, as well as the increasingly mature Alibaba website and Google, which will bring rolling wealth.
golden autumn october
The 2002 consortium's third regular corporate development strategy meeting for presidents to be held at Mediterranean Manor in Los Angeles will be a fruitful, victorious, and fruitful meeting.
In a mediterranean manor
Wang Yaocheng was wearing a pure wool thin vest and a denim-style plaid shirt. He was lying on the roof garden with a smile, watching the people in the secretariat busy, and constantly instructing the workers to do this and that.
Hanging banners, hanging colorful flags, hanging lanterns, arranging bonsai shapes, and setting up a white outdoor pergola with a high spire, it was a busy time.
"Whoa...shh...that pergola over there is going to fall down."
After blowing a loud whistle, Wang Yaocheng pointed at the busy workers.
I saw a gust of cool wind blowing, and the standing piled materials fell down, causing a scream.
Fortunately, there was no one there, it was just a false alarm.
Hao Wei, the deputy director of the Secretariat, was furious when he saw this. He rushed up and severely criticized his subordinates;
The boss is watching from above, isn't he giving me eye drops?
It's lively
Two battery golf carts drove up along the manor road. Si Wanru with long hair, Julia Roberts, Cai Linlin, and Elizabeth came back in the car.
Behind them were several Ford pickup trucks, which were piled high with unopened items. They were going shopping on a luxury street in Beverly Hills not far from the door. The pickup trucks were obviously full of trophies.
"Hi... dear, you are back."
Wang Yaocheng took the initiative to raise his hand to say hello, but no woman on the golf cart paid attention to him. They all turned their faces in other directions, pretending they couldn't see him.
Ahem...
Well, Wang Yaocheng took advantage of the window when several women were away from home and hooked up with the young beauty Ivanka, and was photographed by the news media attending a high-end cocktail party together.
A real steal.
This is a hornet's nest.
Several women immediately flew back from Europe and formed a unanimous alliance to deal with Wang Yaocheng. The specific action was to ignore him and directly throw him into the cold palace.
No, the anger hasn't gone away yet.
As for shopping in luxury stores, Wang Yaocheng hopes they go there every day, even if they buy a luxury goods company, there will be no problem.