Only after being reborn did I realize how fascinating the world of the rich is.

Chapter 380 The Li Group's 2009 Year-End Summary Meeting (1)

Time quickly passed to the end of 2009, and Li Xiaofeng summoned all the key personnel of the Li Group to hold the first working meeting of the Li Group.

"Wanzhong Media's performance this year has been excellent. After another expansion this year, Wanzhong Media's revenue has reached about 60 billion yuan, and its net profit has reached 20 billion yuan."

At this point, Li Xiaofeng smiled and looked at Liu Qianqian.

Liu Qianqian did not take credit for it. Instead, she said in a very humble tone, "Peipei also contributed to this. Although it was controlled by Gage Media for a year, the foundation is still the same as before."

This year, the parent company injected 20 billion yuan into the company, leading to another surge in the number of LCD screens and naturally increasing the scale of the business!

Miao Peipei smiled and said, "Qianqian, you flatter me too much. I was forced into joining Wanzhong Media, and I had to bite the bullet. But you were originally an advertising planning major, and your contribution to Wanzhong is much greater than mine."

Besides, I've already left Wanzhong. Wanzhong's current success is naturally thanks to you!

Li Xiaofeng said with a grin, "Peipei is like a brick; she'll be moved wherever the group needs her!"

Miao Peipei rolled her eyes at Li Xiaofeng and said irritably, "Pah, that's easy for you to say. I think you're just treating us sisters like cattle and horses!"

Li Xiaofeng continued with a grin, "It's worth it! You help me with my work during the day and serve me at night. Your lives are very fulfilling!"

Several women laughed and scolded Li Xiaofeng, but Li Xiaofeng, with his thick skin, showed no sign of blushing.

After watching the women finish laughing, Li Xiaofeng said to Liu Qianqian in a slightly serious tone, "Qianqian, this year I plan to distribute all the profits of Wanzhong Media as dividends!"

"Why? According to Nasdaq's rules, you only need to distribute half of the profits!" Liu Qianqian asked, looking very puzzled.

"To date, the group has borrowed 60 billion yuan from banks in the name of Puhui Investment Company. The annual bank interest is about 3.5 million yuan, plus the monthly payment gap of 5.5 million yuan per year, for a total expenditure of about 9 million yuan."

Currently, among the group's various sectors, only Wanzhong Media has generated a large cash surplus. If Wanzhong Media is not used to fill this gap, the only option is to sell off some of the real estate.

However, the real estate that the group has purchased is currently in a period of stable growth. Unless there is a special need, I do not plan to sell these properties in the short term. These properties are also the group's most important source of funds at present.

In addition, increasing dividends can also stimulate a rapid rise in stock price. Since I have decided to try not to sell my real estate holdings, I will have to rely on cashing out my shares in Wanzhong Media to repay the bank loans when they mature.

Liu Qianqian smiled and said, "You're really cunning. Two years ago, when you cashed out Wanzhong Media and left, I really thought you were planning to give up on Wanzhong Media!"

It seems that making money from stock price differences in the stock market is far more profitable than the small dividends from listed companies. Are you planning to try this again?

Li Xiaofeng said with a grin, "The great United States is the beacon of the world. If we can squeeze some money out of them to support China's economic development, I'm sure they won't mind."

Then, he turned to Xu Lei beside him and asked, "Xu Lei, how's the situation at Hongxing Electric Vehicle Factory?"

Xu Lei nodded slightly to Li Xiaofeng and said seriously, "Hongxing Electric Vehicle Factory is currently also in a loss-making state, mainly because the company is still in the market expansion and scale expansion period."

In order to accelerate expansion and grow into a leading company in the industry as soon as possible, we have invested a lot in advertising, and promotion expenses account for most of our profits.

In addition, the parent company mainly invested in the factory and production line for us, but a significant portion of the working capital was obtained through bank loans, and the interest also consumed a lot of the profits.

In addition, Mr. Li recently approved an investment in a large-scale four-wheeled vehicle production base. This base is not yet operational, but it will still consume some of the company's costs.

Li Xiaofeng smiled and said in a calm tone, "Xu Lei, I know all this. Manufacturing is a high-investment, low-profit industry. Although the return cycle is relatively long, it is stable and can accommodate massive investments."

The reason I invest in manufacturing is because I am confident that I can make a lot of money.

If this money were invested in other areas, it would not only be difficult to fully absorb, but also carry higher risks. Therefore, manufacturing is the ballast for the group's future.

However, if Hongxing Electric Vehicle Factory wants to succeed in the industry, it still needs to continue to increase investment. I have enough patience to wait for it to grow into an industry leader and then start generating profits for the parent company.

"By the way, Mr. Li, speaking of investment, Secretary Li's secretary recently contacted me, saying that Secretary Li is going to be transferred to SD Province in the north to take on a leading position, and hopes that we can invest there!"

Li Xiaofeng smiled and asked, "Hehe, is that so? Why didn't Secretary Li come directly to talk to me about it?"

Xu Lei said somewhat helplessly, "President Li, don't you understand this? Secretary Li is a big leader. If he comes to you and you reject him, how embarrassing will it be for him!"

Therefore, he sent his secretary to my place to sound me out first, so I could pass on a message to you and see what you think. Even if you don't agree, it'll save face for him!

Li Xiaofeng smiled and nodded, then said seriously, "Sure, go tell Secretary Li's secretary that I have plans to further expand production capacity. If Secretary Li is willing to give his full support, you can have a good talk with him in person!"

Xu Lei said with some surprise, "Ah, Mr. Li, you're going to expand production capacity? In which area are you planning to expand production capacity?"

"Of course, it's the production capacity of low-speed four-wheeled vehicles!"

"Hasn't a billion yuan already been invested to expand production capacity?"

"This is nothing! The domestic market demand is so huge, if we don't seize it, others will!"

"However, low-speed four-wheeled vehicles are in a policy blind spot. What if a new policy comes out one day that restricts them?"

Li Xiaofeng smiled and said, "We'll talk about it when the time comes. Even if the authorities introduce restrictive policies, they will only restrict ordinary people who use the products, not shut down our factory all at once."

Let's sell our products and make money first. We're ordinary people, so we'll produce what people need. Sometimes you can't be too hesitant in business.

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