Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 899 Year-End Review: China's Cash King!

This experience has significantly improved the work ethic of companies involved in the "Strengthening Enterprises Program." Like people, companies often develop bad habits due to a variety of factors, thus requiring external intervention for correction.

In fact, there were quite a few problems with the Peiqiang Program before, and Chen Mo ultimately chose to target Haodaifu for three reasons:
Firstly, it concerns personal feelings.

There are few things that can raise his blood pressure now, but the actions of the good doctor are among them—this reminds him of his painful past, and he has PTSD (stress disorder).

Secondly, it stems from historical background.

Before participating in the training program, Good Doctor was already notorious and on the blacklist. If such a company can be successfully transformed, it will be a typical example of "a prodigal son returning home," with an extremely high return on investment.

Thirdly, it is based on overall considerations.

The internet healthcare industry in which Good Doctor operates has unique characteristics—this field is essentially "policy-driven," and because it may impact the traditional healthcare industry, the scope for opening up is not too large, which to some extent restricts the industry's development.

His previous statement to Hu Shaoyu that Good Doctor's development was slow and unprofitable was actually related to Hu Shaoyu's autocratic rule.

The two companies, Bi'an and Haodaifu, present a stark contrast: both employ centralized management, yet their outcomes are vastly different.

More importantly, the "mask era" was now in its final three-year countdown.

When space is limited, the importance of online medical platforms becomes apparent.

This is the fundamental reason why Chen Mo chose to support Good Doctor.

The wheels of time roll ever onward, and in the blink of an eye, 2017 has come to an end, and the calendar has turned to New Year's Day 2018.

In accordance with the tradition of Beyond Technology Group, Chen Mo led a team of senior executives to Yanbai Mountain Villa for a three-day team building and performance review trip.

This event was like a classic dish of scrambled eggs with tomatoes—on the surface, it was the "tomatoes" of team building, but in reality, the "eggs" of performance review were the core, with the important matters always saved for last.

However, the executives are already familiar with the process: reviewing the year's business progress, analyzing challenges and achievements, and then drawing up a strategic blueprint for the new year.

Through brainstorming and discussion, the overall development strategy for the coming year was finally finalized.

Unlike previous years, this year's performance review was chaired by Group CEO Lu Qi, which allowed Chen Mo to step back and listen, speaking only at key junctures or when disputes reached a stalemate, thus steer the course with decisive authority.

Over two days, the team completed the work review with extremely high efficiency, and on the third day, they moved on to the emotional exchange phase.

The three-day holiday flew by.

On January 4, the first day of resuming work, Chen Mo received Lu Qi's completed annual work report in his email.

He downloaded and opened the document, took a closer look, and began to re-examine the group's business structure.

"Dear Chairman Chen Mo:
The following is a report on the overall operating performance, core business progress, and future strategic plans of Beyond Technology Group in 2017.

Over the past year, under your visionary strategic guidance and with the joint efforts of all colleagues, the Group has adhered to its mission of "Connecting Everything, Empowering the Future," not only reaching new heights in commercialization but also achieving significant breakthroughs in underlying technology research and development, building a solid technological barrier for long-term development.

Upon reading the opening polite remarks, Chen Mo couldn't help but chuckle—he hadn't expected that someone as meticulous and technical as Lu Qi would add a touch of "office rhetoric" to the beginning of an official document. Continuing to scroll down, his smile faded as the rest of the document was packed with practical information:

I. Overview of the Group's Overall Performance and R&D Investment in 2017

Total revenue: reached RMB 558.7 billion (RMB 3642 billion last year), representing a year-on-year increase of 53.4%.

Net profit: reached RMB 242.4 billion, an increase of 42% year-on-year.

Research and development investment: The total expenditure on scientific and technological research and development for the year was RMB 618 billion, an increase of 63% year-on-year, accounting for 6.1% of revenue.

The investment is focused on cutting-edge fields such as artificial intelligence, cloud computing, core gaming technologies, and intelligent driving.

Cash flow: Strong net cash flow from operating activities provides a solid foundation for continued aggressive R&D investment.

Chen Mo was quite satisfied with this report: revenue surged by 100 billion yuan compared to last year, and this is data at the group level, not including subsidiaries such as ride-hailing, Ele.me, and ByteDance.

The high net profit of the other side as a technology company is highlighted here - in comparison, Huawei's revenue in the same period two years ago was about 4000 billion yuan, but its net profit was less than one-tenth of that.

With the improvement of infrastructure construction and the amortization of equipment upgrade and maintenance costs, there is still ample room for future net profit growth. This not only provides ammunition for potential "international wars" but also allows the group's risk resistance capabilities to reach a new level.

Of particular note is its cash flow situation: combined with last year's surplus, the company currently has at least 3000 billion yuan in cash on its books, making it arguably the "cash king" in Beijing and even the whole of China (excluding banks).

In contrast, those real estate companies are already considered "top students" in the industry if they can avoid debt.

And this money will play a crucial role in the coming years.
II. Performance and Strategic Progress of Core Business Segments
1. Social and Digital Content Ecosystem

WeChat: Global monthly active users surpass 10 billion for the first time; Mini Program ecosystem experiences explosive growth with daily active users exceeding 2 million, becoming a core infrastructure connecting online and offline services and reshaping mobile internet traffic and business paradigms;
Gaming Business: Beyond Games maintains a solid leading position in the domestic market with a market share of up to 60%; "Glory World" has 100 million daily active users and 300 million monthly active users, making it the first game in the history of Chinese and even global gaming to achieve "over 100 million daily active users".

Peacekeeper Elite pioneered the tactical competitive genre, with both its user base and commercial performance exceeding expectations.

At the same time, Tencent and NetEase launched competing products such as "Terminator" and "Knives Out," posing a certain challenge.
Games like "Legend of Glory" and "Glory Showdown" maintain an absolute leading position in their respective niche markets;
Overseas business has achieved a milestone breakthrough, with many self-developed and agency products ranking among the top sellers in North America, Japan, South Korea and Southeast Asia, and the proportion of global revenue has increased significantly.

Esports business: We have built the first domestic and world-leading event operation system, with copyright revenue, sponsorship scale and commercial value continuing to rise, which has significantly supported the main game business.

The Honor of Kings S3 World Championship has concluded, with Faker leading SKT T1 to a 3-2 victory over DLG to claim their first championship, and viewership for the finals reaching a new high.
Beyond Sports and Tencent Esports have reached a strategic partnership, planning to jointly host the "Esports World Cup" in 2018 and apply for it to become an official competition event at the Asian Games in Jakarta, Indonesia.

Upon seeing the news that Faker led his team to victory, Chen Mo nodded to himself—this esports player's rise to the top in the new arena is a testament to healthy competition within the industry.

Only when opponents are evenly matched can exciting matches be produced, and this requires a healthy competitive system, which is also the source of influence.

He then thought of the e-sports World Cup that he would co-host with Xiao Ma in Beijing at the end of the year, an event that would surely ignite a frenzy of excitement among gamers.

Chen Mo looked at the list of new games, which was full of various types and diverse offerings, ranging from R to SSR.

The mobile internet era has begun as mobile games have gradually reached their peak.

Among these projects, one that was designated as an SSR-level project with an investment of tens of millions of resources caught Chen Mo's attention.
(End of this chapter)