Hong Kong variety show: Building a century-old family, starting with Hung Hing

Jiang Tiansheng recalls that Hong Kong's annual electricity consumption in later years was nearly 600 billion kilowatt-hours.

That's just the electricity consumption of 700 million people. In this world, Hong Kong's population is booming, and its electricity consumption will definitely surge.

That is why, in just 83 years, Hong Kong’s annual electricity consumption has reached 300 billion kilowatt-hours.

In twenty or thirty years, it is estimated that Hong Kong's annual electricity consumption will reach hundreds of billions of kilowatt-hours.

"Pass down the word: three days from now, Xingdian will enter the commercial and industrial electricity sectors," Jiang Tiansheng instructed Li Zhiyong.

"Yes, Chairman."

Li Zhiyong nodded in agreement.

Even if Jiang Tiansheng hadn't given the order, Li Zhiyong was already planning to report to Jiang Tiansheng in the next couple of days.

Currently, the power generation capacity of the Star Power system has far exceeded its capacity, and it must be put into use as soon as possible.

Otherwise it would be a waste.

"Chairman, should the prices for commercial and industrial electricity remain unchanged as planned?" Li Zhiyong asked Jiang Tiansheng for instructions.

Jiang Tiansheng had already devised a plan to address the electricity price issue.

Normally, electricity prices are divided into three levels.

These are residential electricity, industrial electricity, and commercial electricity.

Electricity for personal use is the cheapest, followed by industrial electricity, and commercial electricity is the most expensive.

Based on current electricity prices in Hong Kong, residential electricity has already exceeded HK$1, industrial electricity has risen to HK$1.5 per kilowatt-hour, and commercial electricity has broken through the HK$2 mark, reaching HK$2.1 per kilowatt-hour.

“For industrial electricity, the price is 0.3 yuan per kilowatt-hour, and we can sign a contract with a fixed price for twenty years,” Jiang Tiansheng said slowly, looking at Li Zhiyong.

"As for commercial electricity, the price is 0.5 yuan per kilowatt-hour, and a contract with a fixed price for 20 years can also be signed."

"Yes, Chairman."

Upon hearing this, Li Zhiyong nodded in agreement.

Originally, according to the initial plan, industrial electricity was priced at 0.2 yuan and commercial electricity at 0.3 yuan.

This time, Jiang Tiansheng's increase was also based on the current electricity prices in Hong Kong, and was intended as a symbolic increase.

Earning more money is naturally the best option.

Before entering the power industry, Jiang Tiansheng thought that industrial electricity, commercial electricity, and residential electricity were roughly one-third each.

In fact, Jiang Tiansheng miscalculated.

Of Hong Kong's annual electricity consumption, industrial electricity accounts for 51%, making it the most electricity-consuming sector, followed by commercial electricity, which accounts for about 34%.

The smallest category is residential electricity, which accounts for about 15% of total electricity consumption.

Based on this electricity consumption and price, Hong Kong consumes 30 billion kilowatt-hours of electricity annually.

Industrial electricity accounted for 51%, or 153 billion kilowatt-hours, which translates to HK$45.9 billion in revenue annually.

Commercial electricity accounts for about 34%, amounting to about 102 billion kilowatt-hours annually, which translates to HK$51 billion in revenue per year.

Finally, residential electricity, which has the lowest electricity consumption and price, accounts for about 15%, or approximately 15.3 billion kilowatt-hours, generating an annual revenue of HK$1.53 million.

For the whole year, Galaxy Power's total revenue is approximately HK$98.43 billion.

According to Jiang Tiansheng's calculations, Hong Kong needs 100,000 solar panels, which, at $10,000 each, would amount to $1 billion.

Jiang Tiansheng made a mistake in his calculations. If the electricity price had been calculated accordingly, the cost could have been recovered within a year, and there would have been a profit.

US$10 billion is equivalent to HK$76.5 billion, with revenue of HK$98.43 billion and a profit of HK$21.93 billion in the first year.

By the second year, it was all profit, and Hong Kong's electricity consumption was increasing year by year.

In total, Hong Kong alone will bring Jiang Tiansheng at least US$15 billion in revenue.

It seems that Jiang Tiansheng miscalculated the profit before.

He had thought it would take several years to recoup his costs, but now he could do so in a year and even make a huge profit.

"No wonder both CLP and HK Electric make so much money every year." Jiang Tiansheng finally understood.

No matter what business you're in, nothing makes as much money as energy and electricity.

After returning, Li Zhiyong made the announcement directly to the public under the name of Xingdian.

Starting today, we are officially entering the commercial and industrial electricity sectors, and in accordance with the regulations for residential electricity, we can sign contracts with no price increases for twenty years.

Industrial electricity: 0.3 yuan per kilowatt-hour; Commercial electricity: 0.5 yuan per kilowatt-hour.

When Star TV made the announcement, the entire city of Hong Kong was once again in an uproar.

Electricity prices are a vital sector affecting people's livelihoods, especially commercial electricity, which accounts for 34% of Hong Kong's total electricity consumption annually.

The annual electricity consumption is nearly 10 billion kilowatt-hours.

"Star Power has actually entered the commercial electricity sector? That's fantastic..." Upon hearing this news, merchants throughout Hong Kong erupted in excitement.

On weekdays, they use commercial electricity, which costs almost HK$2.1 per kilowatt-hour.

A 1000-meter-sized shop uses approximately 10 million kilowatt-hours of electricity per month.

Taking an average value, if the monthly electricity consumption is 1200 kWh, the monthly electricity bill would be HK$2520.

According to the price offered by Xingdian, which is 0.5 yuan per kilowatt-hour, the monthly electricity bill would only be 600 yuan, a difference of nearly 2,000 yuan.

Two thousand yuan is enough to cover the salary of one person.

Furthermore, StarPower announced that it offers a 20-year contract with no price increase, but this is only available to users who sign the contract with StarPower within ten days.

We definitely need to set a timeframe; otherwise, these merchants won't feel a sense of urgency.

Once the contract is signed, the rest will be much easier.

"bang"

Inside the China Power Company, Xiao Jiali smashed the vase in front of her, her face contorted with rage.

It’s too much. It’s really too much.

They have already ceded the residential electricity market to Xingdian.

As a result, Xingdian was not satisfied and even ventured into commercial and industrial electricity.

Industrial electricity, in particular, is the foundation of CLP Power's business.

On Hong Kong Island, Hong Kong Electric's main customers are commercial electricity, while CLP Power's customers are industrial electricity.

Now look what's happened; all their customers have been poached by Star Power.

"Mr. Kadoorie, what do we do now?"

The senior executives at CLP looked at Kadoorie and spoke in a low voice.

There was no way around it; Xingdian's blow was a direct and devastating attack on them.

"How to do?"

Xiao Jia scratched his head, he also wanted to know what to do.

However, there is no way.

There's only one way now: lower the price and, like Xingdian, sign a contract that won't raise prices for a certain number of years.

Only in this way can we retain CLP's customers.

"Get me in touch with Jiang Tiansheng of Xinghe Group. I want to ask him what he's up to," Xiao Jia said fiercely.

He couldn't understand what Jiang Tiansheng was up to.

If you're only in it for the money, they'll accept that; everyone will use their own methods to see who can earn more.

There's always a reason behind it.

But now, Xingdian can't afford to play this game, so they're doing a losing business, and the contract is for 20 years.

Not only have you not made any money in 20 years, but you've also lost money. Are you trying to undermine China Power just because of me?

He couldn't understand how there could be people in the world who didn't want to make money.

"Or perhaps Jiang Tiansheng has made too much money and lost his mind," Xiao Jia thought uncertainly.

After all, once Xinghe Hospital opens, it will definitely be overcrowded.

It is said that at present, more than 10,000 people have opened accounts at Global Bank alone, and the least amount of these 10,000 people has deposited one million US dollars, while the most have deposited five million or even ten million US dollars.

Global Bank announced yesterday that its deposits have exceeded 100 billion US dollars.

That's US dollars.

A deposit of 10 billion US dollars is equivalent to 765 billion Hong Kong dollars.

It's only been a few days, and people have already deposited so much money. What's next?

The president of Global Bank is Gao Jiancheng, a business elite. Under his leadership, Global Bank's annual profit is approximately 15% to 21%.

Even if the deposits stop increasing, just considering this 10 billion US dollars, it would earn Jiang Tiansheng at least 15 billion to 21 billion US dollars a year.

Of course, this is the public's affirmation of Gao Jiancheng's abilities.

As for the final outcome, that depends on the specific implementation.

If Global Bank is doing this well, one can imagine that once Xinghe Hospital is completed, Jiang Tiansheng will be making a fortune every day.

With $2 million in revenue per day, there's no more profitable business than this.

They were all envious.

Moreover, the Xinghe Hospital has also brought immense popularity to the Xinghewan project.

Jiang Tiansheng had announced that Xinghewan's customers would have priority.

Xinghe Hospital only has 100 slots per day, so it's very limited.

As a wealthy person, no one wants to be unable to receive timely medical treatment because of this in the future.

Even though the Xinghewan project is still under construction, many people have already inquired about whether there is any land, residential buildings, or office units for sale.

In response, Xinghe Group has only one answer: the Xinghewan project is only for rent, not for sale.

Are you kidding me? You're going to sell Xinghewan, this golden goose that lays golden eggs?

Impossible, absolutely impossible.

Xinghe Bay is so big; once it's actually developed, it will definitely be a huge money-maker.

It is no exaggeration to say that the rental income alone could generate at least hundreds of billions of yuan in profit each year.

This is absolutely not an exaggeration.

A hundred billion sounds like a lot, but when converted to US dollars, it's just over ten billion.

Currently, Jiang Tiansheng has notified the architectural institute to expedite the production of design drawings, and Xinghewan will soon commence major construction.

Once it's built, there won't be any trouble finding tenants in the future. Besides, not just anyone can move into Xinghe Bay.

As for managing this aspect, Jiang Tiansheng entrusted it to Lin Huahui, trusting that Lin Huahui would handle it well.

...

"Chairman, Mauby, Thomas, and David Yuan have arrived."

Cheng Wenjing knocked on the door and came in to report to Jiang Tiansheng.

"Let them in."

Jiang Tiansheng nodded.

"Yes, Chairman."

Cheng Wenjing then led Mao Bi, Thomas, and David Yuan in.

"Chairman."

After Mao Bi, Thomas, and David Yuan entered, they stood respectfully in front of Jiang Tiansheng.

The more they learned about Jiang Tiansheng, the more shocked and hopeful they became.

"I've sent people to investigate the security company," Jiang Tiansheng said slowly, looking at the three of them.

Hearing Jiang Tiansheng say this, Mao Bi, Thomas, and Yuan Dawei couldn't help but feel a little nervous.

After all, this concerns their future.

If you do well, you can stay as general manager; if you don't do well, you can only become a security captain.

"Congratulations, you have passed the test."

Jiang Tiansheng looked at the three of them and nodded in satisfaction.

With their combined abilities, these three people are perfectly capable of managing a security company.