Chapter 425 The Year-end Red Packet

Tan Li remembered what Yang Xing said before leaving: "This is a good opportunity. The trend of free online music downloads cannot be stopped. Riaa and the others panic, so they raised the astronomical compensation. In the West, because of strict copyright and patent management, the napster road cannot be done. So I am now negotiating with international record companies to put their songs in online stores and download each song at 99 cents. They used to not do it, but said that each song has different value and cannot be one-size-fits-all. Now they finally understand that the Internet is not a physical store, and if you want to make money, you can only do it as I said."

"Riaa has helped us a lot. We borrowed their hands to help us clear a large number of competitors. In the future, it is best for all MPP manufacturers to only play paid songs on Xingdong. We will laugh. I went to celebrate this time." Listening to Yang Xing's lawsuit as a defendant, it was a successful business show, Tan Li and the others have to admire his courage. No wonder the just-concluded annual China Star Group Year-end Conference and World Conference attracted so much attention, because you never know what kind of surprise Yang Xing will bring you in the next moment!

Due to the particularity of this year, the year-end conference and the World Congress of Zhongxing Group were held in advance. When Yang Xing attended the Macau return ceremony, the year-end conference in Hong Kong ended. Although Zhongxing Group did not have the amazing move of "acquiring Shanyi Securities" last year, it still achieved considerable results through hard work at the domestic and foreign markets. In particular, the series of measures launched by the group at the year-end conference won praise from employees and investors.

That year, Zhongxing took advantage of the opportunity of eight companies listing on the Hong Kong stock market to make a fortune before the Asian financial crisis. Xingfu Investment took advantage of the situation and robbed Baifuqin and then invested the money into the Asian financial crisis. However, in the eyes of Hong Kong stock investors, it became a way to take the opportunity to make money and not do their jobs.

The next big moves in Zhongxing have been continuous. Acquisition activities in China, Japan, South Korea, Indonesia and other places have never stopped. When acquiring Shanyi Securities, investing in the transformation of Kwun Tong in Hong Kong and signing a ten-year long-term cooperation plan with Hitachi, it is even more investments of ten billion US dollars. Even though he is good at dancing, he uses the Asian financial crisis to obtain high returns and obtain domestic credit guarantee support of US$8 billion, especially the injection of 25 billion US dollars from Indonesia to flee, the investment of Chinese people from fleeing abroad has allowed Zhongxing Group's various businesses to be carried out normally. However, one consequence of this is that in addition to Xingfu Investment and Xinghua Real Estate, other companies have lost red letters every year after inventory.

After all, Hong Kong is a commercial society. The long-term book losses of several listed companies have made investors unsatisfied. This year, Zhongxing Group encountered many complaints from representatives of small shareholders when it launched some major projects. Before the Taiwan earthquake, Yang Xing was stubborn and insisted on launching multiple wafer production lines, which was greatly questioned by the shareholders' meeting.

It was not the fact that Yang Xing bet on the right treasure again. Major electronic manufacturers in the world realized the risk of putting eggs in a basket through earthquakes, and instead increased orders with Zhongxing Group's newly started wafer manufacturers in Hong Kong and the Mainland. Maybe an emergency shareholder meeting had already been held to impeach him. Finally, the orders of these wafer factories of Nebula Electronics were full, and with the production line that had not officially started to start production, Yang Xing's actions when he was on the wafer production line were not investigated. Next, Xingdong Network successfully listed on the Nasdaq, which won widespread attention and received generous rewards, which temporarily suppressed the dissatisfaction of shareholders.

After this lesson, Yang Xing also realized that it was not enough to just make trouble in the capital market. After all, the group's focus was still on industry, so he made great efforts this year to plan the development of its subsidiaries, and he personally sorted out the production lines of several of its major manufacturing companies. After many acquisitions, these companies have various product lines of good and bad quality. Although Yang Xing is not a technical staff member, with the help of his rebirth, he is well aware of the development trends of daily consumer goods in the next ten years. So he mercilessly cut off a large number of products that are destined to lose their competitiveness and be eliminated in the future.

For example, for the main development tube TVs and computer monitors of the TV factories under Nebula Electronics, he firmly reduced the development of expensive flat panel monitors and demanded a large-scale conversion to the production of expensive flat panel monitors. At this time, the designated production of key components of flat panel monitors is relatively expensive and difficult to grow LCD panels, which have caused the sales of TVs in several Guangdong TV manufacturers that were originally acquired to plummet.

For example, he was unmoved before the group's strong demand for launching the VCD production line, but chose to spend a lot of money and manpower to join the international DVD industry forum, bypassing the VCD and directly producing and selling expensive DVD machines. At that time, not to mention that investors did not understand this, even the company was controversial.

However, the benefits of this product adjustment were quickly reflected. Since the technical level and production efficiency of its manufacturing industry are the best in China, and the group has been deliberately creating the impression of high-end, novel and fashionable of its products during this period. Therefore, although low-end brands have been compressed and the total output has declined, the company's profits have steadily increased. Finally, the red letters were cut off from the year-end financial report this year and achieved good profits.

Although it has attracted many complaints from shareholders, many shareholders of Zhongxing Group still see the group's achievements in the past two years. In recent years, Zhongxing Group has launched a series of acquisitions at home and abroad, invested heavily in infrastructure and developed new technologies, and has formed long-term cooperative relationships with international large companies such as Hitachi Japan, Siemens in Germany, Goldman Sachs in the United States and other multinational companies. Although all this has led to the group's debt being high, it can be seen that this is a necessary price for industrial investment.

As they are preparing to buy and hold a company's stock for a long time, what they value is that the company has a good and bright future? Hong Kong commentators believe that although Yang Xing, the helmsman of Zhongxing Group, made a fortune by finance, is not like a speculator who makes a fortune in the stock market, but more like an industrialist who calms down and concentrates on developing his industry, and his reputation for him has gradually turned positive.

At this year's end of the year, Yang Xing also received an unexpected year-end red envelope for the majority of shareholders and employees who have always supported him. Dividends, dividends, share allocations and increasing internal employee shares are just a little bit. At this conference, Yang Xing solemnly announced that next year, except for Xingdou Research Institute, all its subsidiaries will be upgraded to group companies and have subsidiaries listed on major international stock exchanges. This will be a major adjustment of the group's property rights. The corresponding stock price they own will definitely soar to a good price!

This news greatly inspired the employees and investor representatives attending the year-end conference. Yang Xing also announced that because the Kwun Tong High-tech Industrial Zone introduced multiple wafer production lines at one time and obtained a large number of orders, the Hong Kong government is very optimistic about the prospects of Kwun Tong District and is preparing to inject funds from three major sovereign funds, and is determined to build the Kwun Tong High-tech Zone into an Asian Silicon Valley.

Of course, the popularity of the Zhongxing Group's year-end conference is still not as good as the next Zhongxing World Conference. This conference uniquely set the main venue in the middle of the construction site of Sky Star City. The former site of Kai Tak Airport has been decontaminated and reclaimed by surrounding land, forming a large piece of flat land in the sea. The core Sky Star City of Kwun Tong High-tech Zone is located here. As the headquarters of Zhongxing Group and its headquarters of various companies, this World Conference was chosen to be a flat ground for the future as a park. High-tech organic fiber materials are used to build a huge "tent city" as an exhibition hall for new products. At the same time, there is also an outdoor performance area to welcome visitors from all directions.

This World Conference once again brought a lot of surprises to visitors. The rostrum of the opening ceremony venue was set up next to a house made of transparent glass outdoors. On the construction site in the distance, the large excavators, concrete mixers, tower cranes and other heavy machinery produced by Xinghao Heavy Industry under Xinghao Manufacturing were undoubtedly a good on-site advertisement against the background of the blue sky and blue sea.

This arrangement undoubtedly attracted the attention of a large number of audiences and also allowed Xingchen Manufacturing to get out of the shadow of Nebula Electronics. Unlike the only part of the indoor equipment displayed at last year's World Conference, it was prepared this time and arranged a huge outdoor demonstration area to display its fist products. In addition to the machinery that has been put into construction, Xinghao Heavy Industry has also brought a large number of new equipment under development, such as the world's leading mobile large concrete pump station with a height of over 100 meters, giant port dredging equipment, and cranes with the world's largest crane with boom length, which made audiences from all over the world amazed, fully demonstrating the style of the steel giant in the industrial era in front of everyone.

The five-axis CNC machine tools and Xingtian Power and Jiudu Diesel Engine Factory, the other two companies under Xingchen Manufacturing, and the new generation of various models of marine and vehicle-mounted diesel engines produced by South Korea's Daewoo are not very good-looking, but in the eyes of experts, they are not much smaller than those outdoors. These are the most dazzling gems in the crown of international manufacturing, and at the same time fill the gap in many national scientific and technological research. Many domestic manufacturers are jealous of them and are almost going to sign procurement contracts with representatives of Xingchen Manufacturing on site.

When the curtain of the opening ceremony opened, Yang Xing, who appeared on the S1 phone last year, did not disappoint everyone. As the engine roared, he drove directly to the rostrum of Xingtian Power's new model "Knight" sedan, which surprised the audience below the audience. However, after getting off the car, he made the audience even more shocking. He announced to the audience below that this sedan was a gasoline and battery hybrid sedan developed by Xingchen Manufacturing.
Chapter completed!