Chapter 954: Twenty-nine People Meeting

Zhang Yaping hasn't come to Jianye for a while. Philips's business focus is not on Jianye. When he comes to Jianye again, he no longer serves as the president of Philips' Components Department Greater China. His new identity is the senior vice president and president of the Components Department of Ida Group.

This time I came to Jianye, I realized that the changes that have taken place in Jianye in a short time were so great.

"I can't imagine it," Zhang Yaping stood on the cemetery square on the north slope of Yangui Mountain and looked at the Oak Garden, in the direction of Xuefu Lane. "When I went to Jianye on a business trip the winter of the previous year, I took a bus by this area. Apart from the school buildings of Normal University and Dongda University, the north bank of Yangui Lake was completely no different from ordinary messy towns. At that time, Donghua Avenue had just been built, and there were messy houses along the street. In just over a year, who would have thought that there would be such a beautiful scene? In the near future, the place where we stood would become a famous observation deck in Jianye. Maybe..."

Nearly 1,000 acres of land between Yangui Lake and Normal University, and nearly 1,000 acres of land between Dongda University have been developed. Xuefu Lane between Normal University and Dongda University has been completely demolished and rebuilt. The construction of the Hudong business district was started at the beginning of the year. At this time, the Yanhu Biyuan Villa District, with 200 acres of land in the northeast corner of Yangui Lake, was also completely built. In addition to high-end apartments and commercial streets, this large building mainly has an experimental park and an entrepreneurial park with oak garden as the theme. The large lakeside leisure green space and the vegetation in the residential area are mainly oak trees.

Looking at this area on the slope of Yangui, it was the time when the colors of oak leaves were changing in early winter. A large area of ​​land was filled with rich colors such as golden red, golden, mud yellow, light brown, etc., which was beautiful, as if a colorful shawl was wrapped on the shore of Hubei. The water of Yangui Lake was as clear as a whole piece of huge jasper embedded at the foot of the mountain, and then formed a circle with the lush green university campus. It had no particularly strong sense of modern urbanity. The overall look was like a super-large lakeside oak park.

To the east of the Oak Park area, the main construction site of the Hudong Business District, high-rise buildings are spread out. Although most of the buildings are under intense construction, you can also feel the strong modern urban atmosphere.

"..." Su Jindong smiled. He was very busy these days. He heard that the scenery looked beautiful from here. He had no time to take a look. He said, "Those who have free husbands have started climbing the mountain since late September. This oak garden is indeed worthy of its name... Not to mention looking down from the mountain, it feels quite comfortable to pass the tall oak jungle by car. However, in Ke Shao's opinion, the scale is still too small. I think he is thinking about the large oak gardens that cost tens of thousands of acres and tens of thousands of acres in the western United States..."

After hearing what Su Jindong said about Zhang Ke's ambition, Zhang Yaping also smiled slightly. Although China has a wide land and a denser population, it has already made people satisfied that such a pure land in Jianye City, which is densely populated.

Thinking of the stench of the lake by car the other day before yesterday, I could smell the stench of the lake. In just two years, Yangui Lake was as clear as a whole piece of huge jasper embedded in the ground. These are the new scenes brought to the city by the more than a year when Jinhu advanced into Jianye. Zhang Yaping looked at Su Jindong's happy expression with his hands on his hips and looked at the scenery below the mountain, thinking: As one of the people behind the scenes who are driving these changes, standing on the hillside and looking at the beautiful scenery in the distance, the pride in his heart is probably self-evident. He smiled faintly, and at this time he could feel more sincerely what kind of future would be like to integrate into Jinhu. Looking around, he arrived at the senior managers' meeting of Jinhu in Jianye a day in advance. These people present can be said to be the choice of the world, and they gathered under the Jinhu in just three or four years.

The Kumho system has structured the entire system with Ida and Kumho Business as the core. The top leaders who are qualified to participate in the senior manager meeting also regard these two member companies as well. Ida Group has representatives such as Chen Xinsheng, Su Jindong, Ding Huai, Cheng Hanzhang, Yang Yun, Lu Qingsheng, Tan Yunsong and others attended. Of course, it is also included Zhang Yaping, who has newly joined Kumho to take up important positions. Although Kumho Business was only established at the beginning, there are also representatives including Sun Shangyi, Ye Jianbin, Ge Mingde, Xiao Jincheng, Jiang Wei, Zhou Yiping and others attended. In addition, Xinguang Paper Industry was attended by Zhou You and Zhou Fu, Xinguang Forestry was attended by Song Zhiyou, Zhongjing Microchip was attended by Liu Zhicheng, Xiangxuehai was attended by Tao Xingjian,

Representatives of Chen Mo and Ye Xiaotong attended, Century Jinhu Catering and Entertainment Group attended by Sheng Qing, Century Jinhu Real Estate was represented by Shao Zhigang, Hongyuan Industrial was represented by Zhang Zhifei, Yuexiu Holdings, Jinhu Holdings was represented by Cai Feijuan, Aida Electronics was represented by Fu Jiajun, Shengxin Electric was represented by Shao Xinwen, and Jinhu Economic Research Center was represented by Cui Guoheng... In addition, Xie Wanqing, who represented Haiyu Company, was also added. In addition, there were 29 people who were officially qualified to attend this senior manager meeting. Attending this meeting, they also confirmed their identity and status as the core managers in the Kumho system.

Zhang Yaping looked at the crowd around and thought that anyone who picked out the No. 20 here would be a temporary choice, but the soul figure who brought them together was the young man less than 21 years old. Zhang Yaping turned to find Zhang Ke and saw Zhang Ke standing with Xie Wanqing and talking. Oh, Xie Wanqing is used to being low-key on weekdays and does not attract attention, but it is undeniable that without her firm support, Jinhu would not have a firm foundation for taking off. There is also Ye Jianbin. The Ye family behind Ye Jianbin can be said to be another firm foundation for taking off.

How huge is Kumho at this time?

After this summer flood, in order to raise funds for post-disaster reconstruction for Jiangnan Province, Zhang Ke and Xie Wanqing jointly transferred 6% of the shares of Aida Group to Guo, He, Ma, Chen and other Southeast Asian Chinese merchant families for US$120 million, and transferred 6% of Yuexiu Holdings for US$80 million. Based on the price of this stock transfer, the market value of Aida Group exceeds US$2 billion, and the market value of Yuexiu Holdings exceeds US$1.3 billion. Yuexiu Holdings is an asset management company within the Kumho system. This meeting will decide to integrate Yuexiu Holdings into the investment and asset management department of Kumho Commercial. However, these two simple data are far from reflecting the huge structure and scale of the Kumho system with Aida Group and Kumho Commercial as the core.

Zhang Yaping officially left Philips on December 5th. He did not give himself time to take a vacation. He stayed in Haizhou for four days and arrived in Jianye three days in advance. Even if he officially took up the position of senior vice president and component president of Aida Group. During these seven days, his main job was to familiarize himself with the entire architecture of Kumho.

The one that outsiders are most familiar with Kumho is naturally Aida Electronics.

After its backdoor listing, Aida Electronics still mainly focuses on the disc player business. In early 1997, Scooper jointly launched SVCD disc player technology with Deyi and Scooper. Then Aida Electronics successively launched SVCD disc technology and super-density SVCD disc technology, which determined the status of SVCD in emerging countries and regions where intellectual property protection is relatively loose; Aida Electronics expects that in 1998, various types of discs mainly composed of SVCD will exceed 7 million units, with output value exceeding 10 billion yuan. Since Aida Electronics was established at the earliest, it will gradually not enjoy preferential policies for tax reduction from 1998, and will contribute nearly 600 million taxes to Haizhou Municipal Finance in 1998. Although the Southeast Asian disc player market still suffered a heavy blow in 1998, the domestic disc player market is also very fierce. As the first disc player brand, Aida Electronics still achieved its annual net profit target of 900 million yuan in 1998.

As Aida Group and Yuexiu Holdings have been actively increasing its holdings for Aida Electronics, and Aida Electronics' disc player business still performs well in the market, Aida Electronics' performance in the Hong Kong securities market is far better than other listed companies. Although the market value of around HK$7 billion is 30% lower than the peak, there are many companies in the Hong Kong securities market with a market value of more than half, or even more than two-thirds of them.

The active shareholding plan has been implemented, and the shareholding ratio of Aida Group and Yuexiu Holdings in Aida Electronics has increased from less than 30% to 48% in the past year.

This is probably what outsiders can directly understand. The market value of Kumho shares in Aida Electronics is about HK$3.4 billion; like Kumho can also share an additional monopoly profit of US$80 million in 1998, which is unknown to outsiders.

This is just the tip of the iceberg. If you can be more careful, you can see the financial situation of Huishan Xiangxuehai Electric Appliances this year from the third quarter financial report released by Aida Electronics. Although Xiangxuehai does not have a dividend plan this year and will not make a direct contribution to Aida Electronics' annual net profit, you can still see from Aida Electronics' financial report that Xiangxuehai's take-off attitude after using the CCTV advertising bidding king.

Jinhu officially intervened in Xiangxuehai since the end of spring of 1996. Through Aida Electronics and Yuexiu Holdings, it has invested in Xiangxuehai twice, which has enabled Xiangxuehai, a national brand with a history of nearly 20 years in China, to obtain sufficient development funds. The net assets increased to 1.5 billion in a short period of time, and the asset scale reached 3 billion at the end of 1997. In addition to building a new refrigerator and freezer production line at the end of 1997, it also invested in the construction of washing machine and air conditioning production lines. In 1998, Xiangxuehai's brand advertisement officially entered the prime time of CCTV. Xiangxuehai's product sales changed the slump of previous years and regained the status of "North Haier, South Xiangxuehai". The sales of main business - refrigerators and refrigerators are expected to reach 3.6 billion in the whole year in 1998. Combined washing machines, air conditioning and other businesses, the total annual sales will reach 5 billion. After deducting taxes paid, the annual net profit will still reach about 500 million yuan.

Of course, 5 billion sales and 500 million annual net profit are only Xiangxuehai's initial goals. In 1999, Xiangxuehai will increase the development of domestic washing machines and air conditioning markets and brand development depth. At the same time, it plans to extend to the upstream condenser and compressor industries, and will also start the development of overseas markets. It is planned to achieve the goal of turning the two above figures by the end of 1999.

In addition to Aida Electronics holding 25% of Xiangxuehai's shares, Kumho also directly holds 51% of Xiangxuehai's shares through Yuexiu Holdings.

This is just the tip of the iceberg of Kumho that outsiders can learn through public information.

This is the first time that senior managers have been held. In addition to discussing the investment and asset management department of Yuexiu Holdings into Kumho Commercial, the implementation process of the Kumho system integration plan over the past period of time was also reviewed and confirmed the next cross-holding plan. This issue was determined in advance, and relevant materials were submitted to the participants in advance.

The "Hundred Cities and Hundred Stores" plan to strengthen digital mobile terminal sales has also officially started. Aida Group and Shengxin Electric Appliances have invested a total of 500 million yuan to establish Shengxin Telecom to start a digital mobile phone specialty business. Aida Group provides 300 million yuan in exchange for 12% of Shengxin Electric Appliances and 40% of Shengxin Telecom. In addition, the Ye family will further exchange shares of Aida Group, Jinhu Commercial and Shengxin Electric Appliances with Zhang Ke, Xie Wanqing and others to ensure that Shengxin Electric Appliances will be gradually integrated into the Jinhu system. In addition, it is negotiating with Huishan Municipal Government that Aida Group will acquire the remaining 24% of Xiangxuehai shares held by Huishan Municipal Light Industry Bureau and completely privatize Xiangxuehai Electric Appliances, which is also preparing for Xiangxuehai's next listing plan.

In addition to developing the largest mobile phone franchise in China, Shengxin Electric Appliances had 88 home appliance stores at this time, 28 of which were flagship stores with business areas close to or more than tens of thousands of square meters. The total number of employees was employed more than 12,000 and sales exceeded 12 billion. It is well deserved to be the largest commercial enterprise in China. Although it adopted a extensive management model during the expansion period, its annual net profit was as high as 700 million.

Once a Kumho system with Ida Group and Kumho Commercial as the core is formed, this system will directly control the world's largest disc machine company Aida Electronics, the fourth largest mobile phone manufacturer in China, the second largest portable music player manufacturer in the world, the second largest instant storage disk manufacturer Aida Group, the largest papermaking company in East China, the largest forest company in China, the largest home appliance chain company in China, Shengxin Electrical Appliances, the only domestic wafer factory Zhongjing Microchip, the second largest refrigerator and refrigerator manufacturer in China, Xiangxuehai, which is indirectly controlled by the above-mentioned member companies, Century Kumho Catering and Entertainment, Century Kumho Real Estate, and Hongyuan Industrial seem irrelevant.

If you want to clarify the complex rights and interests relationships within the Jinhu system, Zhang Yaping will feel a headache even if he gets the most direct information.

Zhang Yaping was also very curious: How much assets are there in Zhang Ke’s name, a young man who is less than 21 years old? Based on the price of the equity transferred to Guo, Chen, Ma, and Southeast Asian Chinese merchants in mid-September, the total value of the assets under Zhang Ke’s name is about 25.6 billion US dollars, the assets of the Ye family represented by Ye Jianbin are about 800 million US dollars, Sun Shangyi, Ge Mingyu and his wife are about 400 million US dollars, and Xie Wanqing has about 400 million US dollars

Ge Mingjun has about 200 million US dollars. Although Xu Si did not attend the senior manager meeting, his assets under his name must be as high as 15,000 US dollars. In addition to Zhang Yaping, who is newly joined Kumho and has not yet obtained equity in Kumho, the others are also worth a lot of money. Among them, Su Jindong and Ding Huai, two veterans who have contributed the most to Kumho, have the most wealth, with assets of more than 100 million US dollars.

Based on this calculation, the core assets of the Kumho system have just reached 5 billion US dollars. If we lose it to the international context, Kumho is nothing. Samsung Group's debt scale in 1998 was as high as 17 billion US dollars. Sony's market value remained above 30 billion US dollars even during the worst economic crisis. Sony is still only a Japanese electronics company controlled by the Mitsui Zaibatsu. However, the senior executives who attended the senior manager meeting were very clear that the core value of the entire Kumho system must be far more than 5 billion US dollars, and can even have a significant impact on the economic and political trends of the Xiaojiang River Basin.

Zhou You walked to Zhang Yaping and Su Jindong and said with a smile: "In a few dozen or hundreds of years, future generations will study the modern and modern economic history of China or the world. Will this conference be given a shining title like the "Twenty-Nine-People Conference"? If possible, we all have to leave our names in history..."

Zhou You spoke funny and proud in his expression. Zhang Yaping smiled. At this time, Kumho no longer needs to hide his ambitions, especially the convening of this senior manager meeting, which has already marked that Kumho has initially possessed the characteristics of a comprehensive industrial consortium.

"Mr. Ke is asking you to go over?" Su Jindong reminded Zhang Yaping to watch Zhang Ke waved to this side in the distance. Zhang Ke stood with Chen Xinsheng, Xiao Jincheng, and Tao Xingjian, president of Xiangxuehai Electric Appliances Group, and others. Zhou You found someone to talk to him. Su Jindong walked over with Zhang Yaping.

"Xiangxuehai needs to start the digital home appliance plan sooner rather than later..." Zhang Ke looked at Su Jindong and Zhang Yaping coming and said, "Although we want to operate the two brands of Aida and Xiangxuehai at the same time, internal integration cannot hinder due to different brands. The negotiations with Huishan Municipal Government must be completed as soon as possible. Aida acquires the remaining shares of Xiangxuehai in the Huishan Light Industry Bureau. In addition, Xiangxuehai's overseas market development must also be started quickly. Of course, this part of the work must also be done.

Leave it to the overseas operation department of Kumho Commercial for operation..." Zhang Ke patted Xiao Jincheng on the shoulder and said, "Next year you will have a lot of pressure... Kumho relies on the domestic market as its foundation, but whether it can achieve true takeoff still needs to have a sense of competition in the global market. Only by fighting with overseas electronic giants such as Samsung, Sony, Panasonic, and Nokia in the global market can it be considered successful. Our standard for success is to build a company that makes the Chinese people proud."

The sunset is about to set off, and everyone takes the bus to go down the mountain in turn. The evening dinner is arranged in the staff restaurant of the Entrepreneurship Park.
Chapter completed!