Companies like Yida have annual profits that start at hundreds of billions of dollars.

This profit scale looks really scary. Looking at its size and market value of trillions, it looks even scary.

But these are not the most critical. The most critical thing is that you have to look at its net profit.

Whenever you see the net profit attributable to shareholders in the company's financial statements, everyone will feel how this is possible?

Why is the final net profit of a large enterprise with assets worth trillions of dollars and annual profit of hundreds of billions of dollars?

For example, the company's net profit in 2018 did not exceed one billion!

Does this look quite terrifying?

In fact, if you analyze it carefully, this is normal, because the company's plate and scale are large, and the operating costs are naturally extremely high.

In addition, they also have countless loans from banks, which leads to their equally high capital costs.

As long as you look at the statement, you can find that their annual personnel expenses and interest returned to the bank are all astronomical figures.

So in the end, their net profit will naturally be pitifully small.

Of course, whether there are any tricks or not, those who do not have accounting skills will naturally not be able to distinguish. And even if you have professional financial knowledge, you may not be able to distinguish.

After all, the finance department of such a large group is full of talents, so naturally they are not vegetarians.

But to say so much, I just want to make it clear that it is that a large enterprise with assets of over one trillion yuan has actually not a high annual net profit.

On the other hand, those companies that operate elevators only import more than 200 million US dollars per year, but in fact, the net profit can reach 90%.

To put it bluntly, for those foreign companies that have mastered core technologies, the cost of these elevators is actually not much.

But as long as it is imported into China, the price can be increased ten times immediately.

At this time, Guan Zhenhai on the opposite side was still talking, and at this time, Xiao Feng also came back from his distraction just now.

Previously, Guan Zhenhai's introduction to the elevator industry reminded him of the time when he and Mr. Wan had dinner and chatted and fucked.

Mr. Wan told him some classic investments that their family missed over the years.

In fact, Mr. Wan was also the one who brought him bitterness and made him miserable.

At that time, the Wan Gongzi family was indeed a little in trouble. They had been struggling in the traditional real estate industry, and the competition they faced became increasingly fierce.

Their family has been looking for new breakthroughs, but after several tests, they feel that there is no good direction.

After Mr. Wan had a lot of contact with Xiao Feng, he also learned that this guy is a very thoughtful and creative person.

So I have always hoped that Xiao Feng could pull him.

So during that period, he played emotional cards with Xiao Feng a lot.

So during that period, in order to bring each other closer together, Mr. Wan had been mingling with Xiao Feng a lot.

He often invites him to dinner every now and then, and he always gives him some interesting stories about the rich circle on the dining table, or introduces how their family came step by step back then.

Then now, how difficult it is...

Anyway, it not only brings the relationship closer, but also makes you miserable at any time. Fortunately, Xiao Feng reached out and pulled him.

So now Mr. Wan has stood up again.

The Penglai Pavilion APP he now runs is now the hottest software in China, although it has not yet been launched seriously.

But it has become the target of crazy pursuit by all capital at home and abroad.

Now, after only a round A financing, the valuation of this software has exceeded 100 billion.

If this is completed in a few rounds of financing, it is estimated that it will be possible to break one trillion yuan.

Obviously everyone knows how much energy the Chinese pharmaceutical market is.

As long as Mr. Wan works hard, his number one APP in the pharmaceutical sector will surpass the number one financial giant that will be listed recently, which is possible.

2.1 trillion seems scary, but after all, it is a financial group.

For Penglai Pavilion, which directly connects doctors, and cancels the hospital prescription software, it is nothing.

Now the users of Penglai Pavilion have exceeded 300 million, heading straight to 400 million...

“…and by the 1980s, the elevator industry underwent another update.”

"This time I entered the market, the permanent magnet synchronous elevator. It is also because of the advancement of materials science. People have found that putting a permanent magnet motor on the elevator shaft as the driving system of the elevator is much more convenient than the ancient mechanical counterweight elevator."

"So, in a few years, this permanent magnet synchronous elevator began to become popular."

"Now our high-rise buildings use almost all permanent magnet synchronous elevators."

"This kind of elevator has several advantages: one is its fast speed, the second is its low sound, and the third is its energy consumption is very low and the area occupies very small."

"Because it does not require counterweight boxes like traditional mechanical elevators, its area is much smaller than that of traditional mechanical elevators."

"And because of the characteristics of permanent magnet motors, they occupy very small footprints and have large power. Unlike traditional elevators, they need turbines and worms, which cover a large area and are bulky."

"So once this permanent magnet synchronous elevator was widely popular among all businesses after it was released. It was quickly popularized..."

"There are currently eight mainstream world-renowned elevator manufacturers on the market."

"These eight schools are also mainly divided into Japanese and European and American schools."

"The Japanese ones include Mitsubishi, Toshiba, Hitachi, Fujida, European and American ones include Otis, Thyssen, Thyssen, Thyssen and Konri."

"And these elevator companies occupy more than 80% of the elevator market share worldwide."

"I Cao!"

"hiss……"

He Xiaojun and He Fangzhou couldn't help but take a breath of air conditioning when they heard this data.

Damn, this monopoly share is too terrible, right? Eight factories divide the elevator markets around the world!

Think about it, even if the products of their Ninth Laboratory are effective, even if their cosmetics are effective.

But I dare not say that I occupy 80% of the world's market share!

In fact, they have not even achieved the market share of eight percent of the world!

But look at these companies, they have joined forces to occupy 80% of the world's market share. This is a damn...

No wonder Guan Zhenhai said before that the gap between us and foreign countries in elevator technology is almost 100%.

Now it seems that it is really that different!

On the contrary, Xiao Feng was not too surprised because he suddenly remembered the conversation he had with Mr. Wan about the elevator industry before.

Thinking about it, Mr. Wan’s father was so rich back then, but after understanding the depth of the elevator industry, he gave in.

This shows how big the technological gap between us and others abroad is.

"What about our domestic market?"

As a manager with a very strong patriotic sentiment, He Xiaojun couldn't help but ask.

Unexpectedly, Guan Zhenhai shook his head with a wry smile.

"Our domestic elevator market is basically monopolized by these eight companies, and they occupy more than 80% of our domestic market."

"Some of the high-end buildings, such as landmark buildings in each city, are often several hundred meters high, and the elevators used are almost all imported."

"In addition, the high-end residential buildings in every city, those high-end large flat floors are also imported elevators. Even our twin towers use Mitsubishi elevators."

"As for other elevators used in ordinary residential buildings, they are basically products that they have jointly ventured with domestic and domestic enterprises."

"For example, Otis in the Yangcheng City, Mitsubishi in the Magic City, or Thyssen in the Golden Collar, etc."

"But it is said to be a joint venture product, but it is actually assembled in China. They are all produced abroad and will not be taken to China at all."

He Xiaojun was really discouraged when he heard Guan Zhenhai say this. With such a large domestic market, there is not even a domestic elevator company?

"Well, Mr. He, I know what you are thinking..."

Guan Zhenhai's very smart guy, when he saw He Xiaojun's expression, he knew what He Xiaojun was angry about and quickly explained to him.

"We have some elevator factories in China, such as Jiangsu, Zhejiang, Dongshan and other places, such as Giants."

"But to be honest, these companies have very average technical strength. It's almost the same to be able to produce some ordinary escalators, but there are still frequent accidents."

"As for some box elevators they produce, it's really hard to describe!"

"In the early years, some small and medium-sized real estate developers used their products to save costs."

"But later I found that their elevators often have problems of one kind or another. If you call them, their attitude is good."

"I will also send someone to practice for you, but I just can't practice it well..."

"And, these are some of their elevators' key components, all purchased from abroad..."

"Grass……"

After hearing what Guan Zhenhai said, He Xiaojun couldn't help but swear.

Their Ninth Laboratory is now a high-tech enterprise with the top leaders in China, so even if he meets a foreigner, he still holds his head high and his chest out.

And those foreigners, when they saw him, they would nod and bow.

So he was used to being smooth sailing. He thought that as a major manufacturing country, we should have all kinds of technologies in China.

Even if it is not as good as the top international standards, it should definitely be sufficient.

But he didn't expect that we had such a big gap in the elevator field with foreign countries.
Chapter completed!