Time flies to 1991. It can be said that the past year or so has been full of turmoil. There is no need to go into too much detail on the mainland. On the Xiangjiang side, John Major has been transferred back to England, and Chris Patten has taken over as the Governor of Xiangjiang. If nothing else goes wrong.
This person will serve until Hong Kong returns in 1997.
At the same time, the Gulf War had begun, and Iraq had occupied all of Kuwait. The United States and the Soviet Union issued a joint statement demanding that all Chirac troops withdraw from Kuwait. Until now, Iraq has not withdrawn.
Currently there are troops from dozens of countries gathered in the Middle East, including Britain, the United States, Canada, Australia, Japan, South Korea, Germany (the two countries have been unified), France, Italy, Spain, Czechoslovakia, Norway, Saudi Arabia and more than forty
Each country has seven or eight aircraft carriers in the Middle East, waiting for the final moment to arrive.
As Bentley Island is a British overseas territory and is located in the Indian Ocean, 12 Mirage 2000cs have been sent there this time. As for the Army, none of them are sent to Bentley Island. The Navy's four 23 frigates are still at the British Shipyard.
Inside, there is none either.
The situation in Eastern Europe is even more severe. Except for the Soviet Union, other member states have basically implemented multi-party systems, including Yugoslavia, Romania, Bulgaria, Poland, Czechoslovakia, Hungary, etc.
Now the Li Group, combined with Western European capital, is rapidly occupying the markets of some Eastern European countries, and using this as a base, it is heading towards the Soviet market.
When the Allied forces were about to launch an offensive, on January 5, 1991, Li Guangyu held a 1990 summary meeting on the second floor of Wheelock Building.
At the meeting, major groups made reports. Hengyu Supermarket Group continued to consolidate its number one position, with a turnover of US$58.3 billion, ranking second in global retail after Sears with US$65.4 billion.
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The profit of Hengyu Supermarket Group last year reached 8.2 billion US dollars, ranking first among the Li Group except Tianyu Financial Group. As for the profit of Tianyu Financial Group, it has always been a mystery. Anyway, there are only a handful of people in the Li Group.
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Ranked second is Donghua Trading Company, which made a profit of US$7.6 billion last year. The reason for this achievement is entirely due to changes in Eastern Europe.
Ranking third to tenth are Xingyu Gaming Group, Bentley Group, South China Electrical Appliance Chain Group, Oriental Semiconductor Group, Xiangjiang Communications Group, Xiangjiang Air Transport Group, Feiyu Group, and Wheelock Group.
The major groups are expanding normally, and the funds that can be handed over to him this time have exceeded 40 billion US dollars, giving him sufficient funds to expand some industries.
Zhou Xiaoning said: "After these years of development, our listed group is not listed, but the shares are there. It is even more difficult for us not to be listed. Compared with similar listed companies, we estimate that Hengyu Supermarket Group, which currently has the largest market value, has a market value of 350
Around 100 million."
The Li Group's profit calculation is different from that of the outside world. Their purchase of stores is not included in the cost, which means that Hengyu Supermarket Group's more than 900 supermarkets do not have to pay rent, so the profits appear to be so high.
This is not just the case for Hengyu Supermarket Group. All the stores of groups and companies under the Li Group are self-owned. Except for some special markets, everything they can buy is purchased. This means that their biggest cost of rent is gone.
Moreover, the funds used to purchase stores are not included in the group, which allows Hengyu Supermarket Group to report very high profits every year.
Some listed groups are quite dissatisfied. After they go public, if they expand, they usually purchase it themselves, which needs to be calculated into the cost. When calculated, the net profit will be much less than the calculation of Hengyu Supermarket.
For example, Feiyu Group has relied on Xinghong Sports Group and the two major Asian leagues in recent years to make its product sales more popular. Whether it is Nike in the United States or Adidas in Europe, they have been firmly suppressed by Feiyu Group.
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For example, Bentley Group and Feiyu Group cannot do this. When calculating profits, they must be consistent with major listed companies. Li Guangyu will not inject capital into them unless it is absolutely necessary.
Just like Wheelock Group, their annual expenses are now far greater than their annual income, but they are still ranked among the top ten of the Lee Group.
However, this is an internal profit report, mainly to facilitate Li Guangyu to understand how much cash he can use.
It's different when filing taxes, as various depreciation items will come out. Zhou Xiaoning has multiple tax groups dedicated to studying the tax laws of various countries to help the Li Group reduce taxes as much as possible.
After introducing the various groups and independent companies, Zhou Xiaoning concluded that, except for Tianyu Financial Group, the total market value of the companies under the Li Group has exceeded US$750 billion, which is only one step away from the trillion-dollar group.
Although the Lee Consortium has always been known as the world's top consortium, the total assets that its consortium can control have always been lower than the top ten consortiums in the United States and the six largest consortiums in Japan.
The main reason for this is that the companies controlled by Li Guangyu are either 100% sole proprietorships or control 70% of the shares.
These consortiums only control 30% to 40%, and some are even less, but the other party can still control their enterprises. This means that although Li Guangyu may have more net assets than some consortiums, he cannot use his assets as well as others.
Being able to control trillions of assets is the sign of a top consortium. At present, the Li Group is still a little behind. Even if Tianyu Financial Group is added, it will not reach the height of trillions of assets.
Although Tianyu Bank has 500 tons of gold, it is not worth much. As for the more than 50 billion US dollars in Tianyu's company account and the more than 20 billion US dollars in Li Guangyu's personal account, the total is still a little short.
Of course, another 40 billion is about to be handed over this time. The amount of cash in his hand plus Tianyu Investment Company has finally exceeded 100 billion. For such a huge consortium, the amount of cash in hand is finally half of the cash flow in the hands of Apple.
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Thinking about the market value of an Apple company in later generations exceeding one trillion, Li Guangyu found that the strength of his consortium was still too small, and the entire property was not as good as one other company.
After Zhou Xiaoning’s words fell into disarray in the afternoon, Li Guangyu said: “Our mission this year is still to stabilize the Southeast Asian market and the Canadian market, strengthen the development of the mainland market and Eastern European market, encircle and suppress American retail and communications companies in the Australian market, and strengthen communications in Western Europe.
Cooperation with the Internet industry.”
At the end of 1989, the Canadian retail market was basically occupied by retail groups under the Lee Group. At present, the main supermarkets in Canada include Hengyu Supermarket, 7-11, Shenandoah Supermarket, Ito-Yokado, Watsons and Xinyi Supermarket of the Hsinchu Bank Consortium.
There are also some local Canadian supermarkets, but these are not too big.
Although Costco is still relatively tenacious, it has been losing money in the past two years. Li Guangyu believes that the company will give up in a few years.
Last year, Hengyu Supermarket Group launched a campaign against Wal-Mart in Baodao, causing it to retreat from the Baodao market just like Carrefour.
This year, Li Guangyu has set his sights on Australia, which will be the main battlefield for Li’s retail groups and American retail groups.
When it comes to competing in the U.S. market, the Lee Consortium has too many restrictions. Now the Lee Consortium’s strategy is to trap U.S. companies in the U.S. market as much as possible and weaken their development potential.