Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 463 Business Comparison between Li's Group and Puyu Group
Although Vertex Media encountered many setbacks this year, its various businesses still saw significant growth compared to last year.
In particular, the success of Dingdian Media's foray into the film industry has not only completely erased the impact of the departure of those top artists last year, but has also given Dingdian Media a new breakthrough in its development.
After a review, Dingdian Media's net profit this year surged from 1 million yuan last year to 8 million yuan. In addition to the profits from movies, a considerable portion of this was from breach of contract fees paid by departing artists.
Of course, Vertex Media has also made great progress in its main business this year. On the one hand, the company has introduced many new talents, which has greatly reduced the production cost of programs.
On the other hand, the number of members of Dingdian Media's Dingdian Film and Television Network has increased significantly. At the same time, membership fees and advertising revenue have also increased significantly.
Regardless, Li Xiaofeng is still very pleased with the results achieved by Dingdian Excellent Media. These profits also allow him to breathe a sigh of relief, since he does not plan to let Wanzhong Media distribute dividends this year.
Wanzhong Media has always been a cash cow for the Li Group, but now that the Li Group's shareholding has decreased significantly, it would not be cost-effective for the Li Group to continue distributing dividends as before.
In addition, he wanted to further depress the stock price of Wanzhong Media to facilitate the Li Group's increase in its shareholding in Wanzhong Media, completing the final step of fleecing American stock investors.
However, Wanzhong Media's profitability remains quite good this year, with net profit increasing from 24 billion yuan last year to 28 billion yuan.
Based on business intelligence obtained by the Lee Group from its potential rival, Architectural Media, it appears that the Puyu Group intends to increase its investment and support Architectural Media's entry into the LCD screen market.
Therefore, Tang Shanshan, along with Liu Qianqian and other executives of Wanzhong Media, decided to use all of the funds to further expand the number of LCD screens in the company, increase its market size, consolidate its market position, and prepare for potential future challenges for the company.
Li Xiaofeng dared to do this because he repaid part of the bank loan, which greatly reduced the pressure on Puhui Investment Company's monthly payments and bank loan interest expenses.
On the other hand, it's because the profits from the previous investments in the two sectors have begun to materialize.
One is Vertex Media, which made a substantial profit of 8 million yuan this year, enough to cover the monthly mortgage payments and remaining loan interest; the other is Hongxing Electric Vehicle Factory, which also started to turn a profit this year.
The previously loss-making Hongxing Electric Vehicle Factory has started to make a profit, mainly because the low-speed four-wheel vehicle factory invested in in SD province has started production, which has led to a surge in the revenue of Hongxing Electric Vehicle Factory.
What's even more encouraging is that Hongxing Electric Vehicle Factory's revenue continues to increase. Once the production capacity of these electric vehicles for the elderly is fully operational, Hongxing Electric Vehicle Factory's revenue will reach a new level.
However, although the investment in the Laomano (old man's liquor) factory was very successful, Li Xiaofeng did not plan to continue to expand production capacity. After all, Laomano was in a policy blind spot and faced the risk of being banned at any time.
Having experienced his previous life, Li Xiaofeng knew clearly that in seven years, when regular electric vehicles became more widespread, these "old man's cars" would be banned in various places, causing their sales to plummet.
Therefore, Li Xiaofeng doesn't plan to continue messing around in this area; it's good enough to earn some money steadily in this industry.
Of course, he will not be complacent. The research and development of two-wheeled electric vehicles will continue. In addition, as people's demand for two-wheeled electric vehicles increases, production capacity will also continue to expand.
However, Lego.com, which Li Xiaofeng values highly, is still burning through cash. Feiyu Drones, which he just bought from Jiang Xueying, is also losing money because it is currently undergoing high investment and research and development.
In addition, with the introduction of purchase restriction policies in first-tier cities across the country, the rapid rise in housing prices has been curbed, and housing prices this year have been relatively stable, making it seem unlikely that they will continue to rise in the future.
This is also a major reason why Cao Jinpeng and Jiang Chengye sold off their real estate holdings and prepared to return to their old businesses.
But Li Xiaofeng, who has lived a long life, knows that housing prices are currently in a period of adjustment, and after this period of adjustment, housing prices in first-tier cities such as Shanghai will continue to rise.
Therefore, as long as he firmly grasps this batch of real estate in his hands, he will become the biggest winner.
While the Li Group was taking stock of its own businesses, Cui Zhongxian was also taking stock of several businesses that Puyu Group had directly invested in in China.
However, this year, the net profits of Gage Media and Meiyi Supermedia, both invested by Puyu Group, have experienced negative growth.
With increasing competition in traditional print advertising, the revenue of the company has shrunk and profits have declined sharply. It urgently needs new growth points to improve its current situation.
Therefore, Cui Zhongxian obtained a large sum of money from the headquarters of Puyu Group and invested it in Jigage Media, and decided to enter the Chinese LCD screen advertising market starting next year.
The Luo family's shareholding in the media company also shrank significantly, and Luo Siqi became Cui Zhongxian's lackey.
As for Meiyi Media, due to its massive spending on film and television copyrights this year, coupled with poaching a large number of artists from Dingdian, it has to bear the breach of contract penalties for these artists, resulting in huge losses and a very ugly financial statement.
As a result, Cui Zhongxian disagreed with shareholders such as Zhang Liang and Le Jiahao, and Zhang Liang and Le Jiahao decided not to continue investing in Meiyi Media.
Zhang Liang and Le Jiahao invested in Meiyi Media with a playful attitude, hoping to make some money and, incidentally, date a few female celebrities.
Now that they see Meiyi Excellent Media burning through so much money with no sign of stopping the losses, of course they're unwilling to continue investing.
For them, chasing girls is important, but they are unwilling to do it if it means losing their money.
Even after Cui Zhongxian explained how internet companies expand, they were no longer willing to invest. After all, they were just there to accompany him, not to lead the way.
However, Cui Zhongxian still decided to continue to increase investment, expand the scale of Meiyi Media, and strive to go public as soon as possible. After going public, he could raise funds from the stock market instead of burning money himself.
In addition, due to the implementation of purchase restrictions last year, Puyu Real Estate's sales volume has declined significantly compared to the past, and its revenue has also begun to decrease significantly.
To circumvent the purchase restrictions, Puyu Real Estate had already begun to expand into second- and third-tier cities. In addition, the investment from Cao Jinpeng and Jiang Chengye this year brought a large amount of capital to Puyu Real Estate, and it should experience a period of explosive revenue growth in the next few years.
You'll Also Like
-
Elf: No, it's because he was made the gym leader!
Chapter 151 3 minute ago -
He was taken in by Hiratsuka Shizuka at the beginning and joined her chat group.
Chapter 329 3 minute ago -
Genshin Impact: The Recorder of All Things
Chapter 345 3 minute ago -
A review of the trilogy: Did the emperor only live for ten thousand years?
Chapter 297 3 minute ago -
Immortals of the Mortal World Gather at the Inn!
Chapter 54 3 minute ago -
In the world of "Covering the Sky," one can refine Gu (a type of poison) to become an immo
Chapter 76 3 minute ago -
Good martial arts in the city, many children, many blessings
Chapter 26 3 minute ago -
Tokyo Mystery Writers
Chapter 144 3 minute ago -
The Great Ruler: Reborn as Mu Chen, sweeping across the vast world!
Chapter 27 3 minute ago -
I transmigrated to a chaotic world and became the sole player.
Chapter 266 3 minute ago