Fight to the third generation

It was Nangong Tian who spoke.

She has gained a full eight catties recently, her face has become slightly rounder, and she can't even fit in her old jeans, which is extremely displeased.

Su Yehao didn't dare to provoke her. He took the bowl and said with a smile: "The Athens Olympics contacted me and asked me if I want to run an advertisement. I'm looking for a suitable spokesperson for the mainland. If the advertisement is done well, it can increase a lot of revenue."

Jiang Yu said:

"Then don't you turn your elbows outward? Tianyu Entertainment has a large number of artists, and everyone is eagerly waiting to get resources from the company. Instead of looking for athletes to endorse, it is better to hire your own employees directly. If you want beautiful women, there are beautiful women." , If there are handsome guys, there are handsome guys."

"It's different. The Olympic Games can bring phenomenal attention. The number of actors and singers is very large, but there is only one gold medal champion. Besides, the [-] Olympic Games was held in Forty-Nine City. People are very concerned about this aspect. Beautiful and handsome guys are even better, and the popularity can last for four to five years."

I tasted the longan red date soup, which seems to have added rock sugar, which tastes sweet.

In the past, the nannies liked to put some lotus seeds, but Su Yehao always refused to eat them, thinking that the taste was a bit bitter. Later, the nannies gave up lotus seeds and occasionally added some bird's nest.

Xiao Nizi seldom goes to the company recently, and Jiang Yu helps her with her work.

Several movies and TV series were filmed at the same time, and I was also responsible for the artist management department. Occasionally, I even had to work overtime, and I couldn’t go home until after seven o’clock in the evening.

Nangong Tian chimed in and said:

"Although I admit that Brother Hao, what you said is a bit reasonable, but you are wrong if you don't help Jiang Yu. The company manages so many idols, actors, and singers, and there has always been too much meat and not enough meat. Between the old seniors and the newcomers who rely on their faces for food , there will be some friction from time to time, and it is a headache to manage."

"...No one is greedy enough. The more this is the case, the more you need to keep a bowl of water level. It is impossible to satisfy everyone. You just need to try to create a level playing field. As for advertising Who the businessman chooses to speak for, and which movie to choose the right actor, still depends on their own strength."

Most of the time, Su Yehao lived with Xiao Nizi and Jiang Yu.

Listening to the two of them chatting all day long, Su Yehao's understanding of Tianyu Entertainment even surpassed many of his own companies.

Jiang Yu continued to speak:

"You are standing and talking without back pain. You, a hands-off shopkeeper, have thrown out all the troublesome things. How can you know the hard work of front-line managers like us. At the end of the year, some old actors who have been famous for more than ten years, their income is not as good as At the beginning of this year, Gao, a member of the newly formed Amber Youth League, of course couldn't hold back his face, although he didn't approach me, he complained to his manager."

"This is a market problem. As a management, it is not a good thing to care too much about the opinions of employees. Everyone has a different position and a different perspective on issues. How much value they create. "

After spitting out the longan core, Su Yehao took a sip of the sweet soup to moisten his throat, and said:

"Think about it, how much is the cost of investing in a film and television drama? The idol team sings and dances, poses for photos, and can earn a lot of revenue by relying on their faces. The former has a low profit margin, even if it is placed In the exchange, there will be a huge difference, just like value investment and growth investment, which cannot be completely regarded as the same thing. An actor should be compared with an actor group, or you can ask him to form an idol group to see if he can make money. More."

Xiao Nizi chuckled and told:

"They are all in their 40s, so they can't rely on their looks for a living, but this idea is pretty good. Find some old handsome guys, maybe they can create a special charm and attract some media attention..."

Chapter 923

Don't look at the fact that with the expansion of Tianyu Entertainment's scale, it has become very popular in the industry.

Calculating at the end of the year, excluding the "Spider-Man" dividend received in the first half of the year, and excluding the business of Tianyu Cinema, other businesses such as film and television, music, and variety shows combined, only created a net profit of about 2000 million Hong Kong dollars.

Together with Jiang Yu, Xiao Nizi accompanied Su Yehao to handle company affairs in the study.

When she finished reading the materials sent by the accounting firm, her expression was rather melancholy, and she told:

"Looking at how easy it is for Brother Hao to make money, I didn't expect to invest so much principal and make such a little money after I settled the accounts? From this point of view, it seems that it is better to use the money to speculate in stocks, and buy a few casually. Earn more than now .”

Su Yehao reached out to ask for the financial report data, and asked casually: "Including Tianyu Entertainment, how much money have we invested in total?"

"[-] million Hong Kong dollars? [-] million Hong Kong dollars? I don't know too well. Anyway, I'm about to be squeezed dry. I feel like I'm doing useless work and doing nothing."

Xiao Nizi finished speaking.

Jiang Yu nodded approvingly. Since the beginning of this year, Yanwen Group's stock price has risen by more than [-]%, more than doubling its net profit.

Thinking of having been busy for so long, putting in a lot of hard work, but only reaping such a small profit, it will inevitably make them disheartened.

Su Yehao, who saw the problem, opened his mouth to comfort him: "The market size is a bit small for the time being, but it is already quite good to have so much book profit. Don't try to compare yourself to me. This is like hitting an egg against a rock and asking for it Bitter."

"Hmph, smelly beauty, is it only you who are amazing?"

"Of course not, it's just that I'm a bit special, and the industry I choose is unusual. Besides, you can't just look at the net profit when doing business. Tianyu Entertainment's signboard has already been branded. If it is based on a price-earnings ratio of 50 times, it means that if it is sent to the IPO , it is likely to gain a total market value of [-] billion Hong Kong dollars, coupled with the concept of Tianyu Cinema, it is estimated that it can increase the market value of another billion Hong Kong dollars."

Su Yehao said calmly:

"If you look at it this way, the investment has earned several times now. You two little rich women, do you want to be the major shareholders of the listed company? After the company is listed, you can pledge the stock and invest in other fields. Netflix is ​​already preparing to launch a new online video business, and you can go to the mainland to try it.”

It's all right, Jiang Yu lightly said:

"Twenty times the price-earnings ratio seems more reasonable. After all, with Ah Hao as the backer, it may be higher than this figure. I said that the business is obviously very good. How do you make so little money after finishing the accounts? You profiteers really know how to play , no wonder everyone is busy going to the market.”

"Not all companies are suitable for listing. Companies like Tianyu Entertainment with unstable future earnings and limited upside potential should indeed be listed. I will help you say hello to Mr. Zheng, and at the same time, Hong Kong stocks and A How about the stock market?"

After hearing Su Yehao's words, Xiao Nizi didn't even think about it, and immediately replied:

"Okay, Brother Hao, you can help us make up our minds. If you say it is suitable for listing, then there is no problem. As for the online video company, forget it. It sounds like you are good at the field, Brother Hao. I will take care of it in the future. Baby, I can't work as hard as before."

Jiang Yu: "..."

"...Working hard? Just stay at home, and be careful when you go out. If you are caught by the media, be careful that other people will drown you with spittle."

Even compared with many high-yield and wealthy people, Nangong Tian's life is still a fairy life.

Unlike ordinary people who run around for their livelihood, girls like Xiao Nizi have a lot of room for choice, and there is no pressure in life. The profit of doing business is calculated in the billions, which is very different from normal life.

Su Yehao continued: "Remember, we have lost the right to complain about hard work and life. This will touch the sensitive nerves of many people."

Nangong Tian, ​​who knew she had made a slip of the tongue, put her tongue out and hugged his arm, and said, "I know, don't be angry."

The attitude of admitting mistakes is particularly correct, Su Yehao added:

"I'm not angry. Of course I know that you were very busy before, but people earn tens of dollars an hour, and you earn tens of thousands of dollars an hour. Others have to work because of helplessness. We use work as a way to pass time and enrich our lives. , In the Internet age, information is transmitted quickly, and you don’t want to be regarded as the kind of person who doesn’t know suffering.”

Jiang Yu understood that what he said was right, but her good sister was being bullied, of course she wanted to help, and said:

"We're very careful outside. We're not teaching our daughter a lesson. Let's go on and on. Nangong, when your son grows up, he will pull out his oxygen tube."

"..."

This joke was said by Su Yehao, used to tease Nong Qingying's son, and Jiang Yu remembered it.

Su Yehao was embarrassed, and had no intention of bickering with Jiang Yu and asking for trouble.

He used his computer to send an email to Assistant Zhuang Wei, asking her to recruit staff from 5S International Financial Investment Bank to prepare for the listing of Tianyu Entertainment.

When a company goes public, it often leads to an increase in the value of its assets.

In order to avoid exaggerated social status, companies such as 5S Asset Management, TAT with many game businesses, Taobao, and Universal International Group may have their listing plans put on hold by Su Yehao for a long time, and they will exist in the form of unlisted private companies.

Others are focused on making money, but Su Yehao is increasing the value of his assets too fast, which makes him appear to be too abnormal and has a headache. Anyway, there is no need for financing in the short term, and it will not affect the normal operation. Not going public can save a lot of trouble and expenses, which is more in line with him The actual situation.

After sending the email, I clicked on the inbox, and saw an email from an account with the note "Game Development Team".

This is Su Yehao's note to Vera.

Under the eyes of Xiao Nizi and Jiang Yu, Su Yehao opened the email with no expression on his face, but he found it very exciting in private.

After loading for a while, I saw a few photos of her new winery, with a large grape field and a convertible supercar parked on the side of the road.

The Villa family's manor in Lisbon, Portugal, was designated as a new financial city nearby, which led to a surge in value.

The small third-rate winery in Lisbon was replaced by an old second-level winery in the Bordeaux region of France. It not only has a beautiful environment, but also has a larger area.

In one picture, you can see an old building with green vines on the walls, and a large flat green grass at the door, which looks more beautiful than the old castle before Vera's house.

Silently shutting down the webpage, Su Yehao didn't reply to her email for the time being, and was thinking about finding a chance to see Vera again before the holiday at the end of the year, talk about life ideals, and talk about romance.

The morning passed quickly.

Near noon, Zhuang Wei called.

She told that the mainland had contacted him and asked Su Yehao if he could buy a few more sets of hydroelectric generators for the Three Gorges Dam as soon as possible.

Anyway, this thing can't run, and it can preserve its value better than ordinary real estate.

What the Mainland side means is to directly mortgage the hydroelectric generating units to the bank, and buy ten hydroelectric generating units at once with the loan, or issue some corporate bonds in the name of the company...

Chapter 924 Two Billion Spreads

The outside world likes to pay attention to the lives of wealthy businessmen and wealthy families.

The popularity of TV dramas and news attention have all confirmed this point.

But compared to these, in fact, people prefer to watch the fall of a wealthy family. Su Yehao, who knows that he has long been superior to others, has no choice but to be more careful in his actions.

A little problem in private life can't have a substantial impact on him, especially some issues that involve big right and wrong, or that are likely to cause public anger, are the most critical.

So when Su Yehao heard Xiao Nizi say "work hard", he couldn't help but teach her to pay attention to what she said and what she did.

The higher the social status, the greater the fame and influence, on the contrary began to restrain Su Yehao, preventing him from being as casual as he was in the 90s, lest he accidentally create a scandal that caused a sensation all over the world.

Regarding this aspect, it was more or less the reason why Su Yehao chose to retreat behind the scenes, and seldom went to Yinhai Weibo to speak publicly, or was interviewed by the media.

Even some of the temporary positions in various companies have been canceled one after another, so as to avoid direct fire on him due to accidents in the company.

This is not just for throwing the pot away.

In fact, Su Yehao didn't know as much about many assets as people imagined. For example, for the Moutai Distillery, he only read quarterly financial reports and annual financial reports, and occasionally checked related news.

He is relatively self-aware in his conduct, and he knows that even if he does everything himself, he may not necessarily do better than those professional managers, but it is very likely to be delayed.

The general direction of theoretical development and practical enterprise management are, after all, two different things.

therefore.

It seems that there is nothing wrong with Su Yehao being in semi-retirement. In the past two years, he has traveled to many places. Even under such circumstances, his total assets have increased by hundreds of billions of Hong Kong dollars this year.

The Internet industry, which has recovered from the state of ignorance, performed better than he expected.

"Forbes" magazine's list of the world's 500 richest people in the world has long been released, and anyone who is interested can easily know his strength by making a random estimate.

then.

The higher-ups took the initiative to throw an olive branch to him, hoping that the Yangtze River Power Group, in which Su Yehao holds a majority stake, could buy more hydroelectric generating units for the Three Gorges Dam.

This is something that has been negotiated, it is nothing more than a little earlier in time.

Considering that the Yangtze River Power Group lacked cash, they even kindly recommended a number of banks willing to cooperate with him, and promised to increase the pledge ratio to [-]%.

It means that Su Yehao's Yangtze River Power Generation Group only needs to pay 450% of the payment to buy ten more hydroelectric generating units, with a total value of about [-] billion yuan.

Very simple math problem.

If a loan of 400 billion yuan is calculated based on the one- to three-year loan interest rate after the bank's discount, the annual interest payment will be about 21 billion yuan.

However, the ten groups of hydroelectric generating units of the Three Gorges Dam almost create a rate of return of about 9% a year, which is about 40 billion yuan, because there is an interest rate difference of about 20 billion yuan.

Considering the need to pay interest on the Three Gorges debt, the need for funds for subsequent construction, and the optimization of the debt structure to reduce the cost of capital, it is undoubtedly a win-win situation for the Yangtze River Power Group to continue to buy more generating units in advance.

Su Yehao knew that this piece of fat was a bit big and would easily choke the Yangtze Power Generation Group, and it would take several years to digest it, but he couldn't find a reason to refuse.

Through the mobile phone, he asked Zhuang Wei's assistant:

"The value of the assets held this year has risen sharply, and the company's mortgage loan limit can be raised appropriately, right?"

"Yes, but I suggest that you use the name of the Yangtze River Power Group to issue billions of yuan in corporate bonds. The bond interest rate only needs to be higher than the bank deposit interest rate, and it is lower than our own loans to raise money. There is a certain gap in the middle. spread."

Assistant Zhuang Wei consulted with someone in advance before calling Su Yehao. She then suggested:

"Not only the Yangtze River Power Group, but other companies should also issue bonds, and use the money in the bond market to replace the bank's commercial loan interest. The market is doing very well now. Feng Tiantian and the others simply calculated that they can save more than one billion Hong Kong dollars a year. interest expense."

Su Yehao has long understood that issuing corporate bonds is generally more cost-effective than borrowing from banks.

However, the financing scale of bond issuance is not as good as directly communicating with banks for loans, and his previous asset performance was not as good as it is now. The most important thing is that there are restrictions on the scope of fund use.

Now the situation has changed.

A batch of unlisted companies incubated by Su Yehao's investment earlier began to have the strength to issue corporate bonds. Trying to raise funds in the bond market began to become his new choice.

The increase in various assets far outperformed the bank loan interest. The hundreds of billions of Hong Kong dollars in debt borrowed from the bank have always been Su Yehao's weapon to conquer the city, not a burden.

It can be said that since investing in Yahoo in 1997, Su Yehao has played tricks with bank loans, and staged a drama of "how to make full use of bank funds and quickly become the second richest man in the world".

If he hadn't chosen to cooperate with "Forbes" magazine and promised to spend money to place advertisements on it, the title of the world's richest man in 2003 would have actually belonged to him.

On the issue of how to reduce asset valuations, Forbes magazine really took a little thought and undercalculated the valuation of non-listed companies by about US$40 billion.

No way, earning an extra 350 million US dollars in advertising fees a year, wouldn't it be nice to put it in your pocket, anyway, there will be errors in the statistics...

now.

Thinking about trying to win the shares of the four major banks and get a share in their restructuring process, Su Yehao said to Assistant Zhuang Wei:

"You can try to issue corporate bonds of no more than 50 billion yuan, and distribute a large part of the loan order to the Bank of China. This bank is estimated to be restructured next year and transformed into a joint-stock commercial bank. If I can hold 5% of the shares, or 10%, it will definitely make a lot of money, and then I will use actual cases to tell people that they have underestimated the potential of bank stocks."

Mainland banks performed poorly in previous years.