Siheyuan: I am Jia Dongxu's cousin

Chapter 158: Development Arrangements of the Flower Planting Group (1)

The ninth day of the Lunar New Year, Zhonghua Building, conference hall.

When Sofia walked in holding Zhang Weiguo's arm, there were already seven people in the conference room.

The entire conference hall was basically filled with the core members of the Flower Planting Group.

First was Lin Qing, who sat in the first seat on the left side of the conference table. She was Zhang Weiguo’s secretary and was responsible for conveying Zhang Weiguo’s instructions.

The second person from the left is Meng Cheng, who has followed Zhang Weiguo since America. He is a veteran of the Zhonghua Group and is now in charge of the arcade and quartz watch business of Zhonghua Electronics.

A middle-aged man of about 45 years old, who lives opposite Mengcheng, is the head of the Flower Medicine Company. His name is Xia Xingze, a Chinese American, and he is one of Zhang Weiguo's confidants transferred from Amei.

Next to Xia Xingze, opposite Lin Qing, is the person in charge of "Zhonghua Newspaper", He Lanqing, 29 years old, a PhD from the Chinese University of Hong Kong, who took over Zhonghua Newspaper two years ago.

As for the remaining three, they are Wu Tianpeng, Jiang Zhenyu, and Xue Mu.

Wu Tianpeng and Xue Mu are the heads of the flower-growing supermarket and convenience store chain, and have been developing them secretly.

Jiang Zhenning, Zhang Weiguo’s senior, holds a Ph.D. in finance from Stanford and is the head of China Flower Investment.

As for the security of the flower planting, it has always been managed by Sofia, who is directly responsible to Zhang Weiguo.

When everyone saw the two people coming, they stood up and greeted them.

"Boss, Boss Lady, Happy New Year!"

Zhang Weiguo smiled and waved his hand, "Everyone, please sit down!"

After everyone was seated, Zhang Weiguo first gave everyone a red envelope.

"I'm giving everyone a red envelope for the start of work. The money is not much, just Hong Kong dollars!"

"thank you boss!"

"thank you boss!"

Although this amount of Hong Kong dollars is not much compared to the senior executives of China Flower Group present here, it is still very high compared to other companies.

After everyone received the red envelopes, Zhang Weiguo continued, "This meeting is our first meeting in 1970. This meeting has three main points. First, to report our achievements last year; second, to formulate future development plans; and third, to distribute dividends."

After Zhang Weiguo finished talking about the first two points, everyone's expressions did not change much, after all, the meetings in the previous two years were about the same things. But when Zhang Weiguo mentioned dividends, everyone's eyes lit up.

Zhang Weiguo's annual salary for everyone is basically 30 US dollars, which is already very high, but compared with the dividends of Zhonghua Group, it is still a little insufficient.

"Boss, are you really going to give us dividends?" Lin Qing couldn't help but ask first.

"Why, you don't want it?" Zhang Weiguo replied with a smile.

"Of course, anyone who doesn't want to is a fool!" Lin Qing spoke quickly.

"Okay, I know everyone is interested in dividends, but we still have to take them one by one."

Zhang Weiguo continued: "Let's report last year's results first!"

"Meng Cheng, you come first."

"Okay!" Meng Cheng stood up, cleared his throat, picked up the manuscript he had prepared long ago, and began to report.

"Hello, everyone!" Meng Cheng bowed slightly to the crowd and read out: "Last year, Zhonghua Electronics' sales were 7.89 million US dollars. Excluding labor, material and other costs, our net profit was 6.35 million US dollars. Among them, the arcade business accounted for the majority, accounting for % of the profit, quartz watches accounted for %, and other scattered electrical appliances accounted for %."

"Since quartz watches were only developed in October last year, they have only been on sale for less than a month and a half."

"Last year, several competitors emerged in our arcade business, among which the more threatening ones were Atari of Amei and Sega of Fuso. Although the sales of these two companies are also good, with the games provided by you, our arcade of Zhihua Electronics is still the leader in the industry. Moreover, for every arcade machine sold by these two companies, they need to pay us $100 in patent fees."

After Meng Cheng finished speaking, he looked at Zhang Weiguo, waiting for his opinion.

"Ahem..." Zhang Weiguo coughed twice and said, "Yes, but our Zhonghua Electronics business is still a bit monotonous."

"Meng Cheng, this year I need you to maintain last year's performance while also trying to expand the TV, refrigerator and other home appliance businesses."

"Okay, boss!" Meng Cheng nodded.

"Well... Xingze, tell me about the situation of Zhonghua Pharmaceutical!" Zhang Weiguo looked at Xia Xingze again.

"Okay, boss!" Xia Xingze stood up and said seriously:

"Zhonghua Pharmaceutical's sales last year were US$5.9 million and its net profit was US$1.6 million."

"The main reason is that we have invested a lot of money in drug research and development, so the net profit looks low."

"It's okay. I arranged this." Zhang Weiguo smoothed things over for Xia Xingze and continued, "From today on, our Zhonghua Group will not only invest in drug research and development, but also invest a large amount of money in industries, electronics, materials, aviation and other fields."

"I know some people may question my approach, but I want you to carry out my arrangements!"

After hearing what Zhang Weiguo said, Wu Tianpeng, Jiang Zhenyu and Xue Mu, who were about to speak, shut up.

They are just employees, and since the boss has said so, there is no need for them to go against the boss.

"Xingze, please sit down first!"

Zhang Weiguo turned his gaze to Helan Qing again, "Helan, tell me about the situation of the Flower Planting Newspaper."

He Lanqing himself majored in literature, and there is a hint of elegance in his speech.

"Boss, the main business of Zhonghua Pharmaceutical is now divided into four parts. They are Zhonghua Newspaper, Zhonghua Magazine, Zhonghua Comics and Zhonghua TV Station."

"Last year, our net profit reached 6.7 million US dollars, of which "Zhonghua Comics" and its comic-related products accounted for the majority, accounting for % of the total."

Hearing He Lanqing's words, everyone present was a little shocked. It was understandable that Zhonghua Electronics and Zhonghua Pharmaceutical made so much money, after all, both of them had powerful weapons in their hands, but it was surprising that a comic book could make so much money.

He Lanqing looked at the puzzled expressions of the crowd and explained, "The main profit of our Flower Planting Comics comes from Fuso. Although the sales in Southeast Asia, Europe and the United States are also good, they are still far behind Fuso."

"According to our statistics, the net profit of our Zhihua Comics in Fuso can reach 5.4 million US dollars a year, which accounts for almost the vast majority of our profits."

"..."

"..."

After listening to Helan Qing's explanation, everyone present except Zhang Weiguo still couldn't understand.

How dedicated are the Japanese to comics that they can contribute so much profit to Zhihua Comics in just one year.

Seeing everyone's puzzled expressions, Zhang Weiguo just smiled without further explanation. After all, ordinary people might really not be able to understand the otaku's love for the two-dimensional world.

"Not bad, keep up the good work."

Zhang Weiguo then turned his gaze towards Jiang Zhenyu and said, "Brother, I won't report the investment in flower planting yet. You can tell me in person later."

"Okay, boss!" Although Zhang Weiguo still called him senior brother, he now depended on Zhang Weiguo for his livelihood, so he still had to show due respect.

As for why Zhang Weiguo didn't want Jiang Zhenyu to report the profits from his flower-growing investment, it's really hard to say.

Although Zhang Weiguo didn't know much about the stock market, he knew about some of the more impressive companies based on his memories from his previous life.

As a doctor of finance from Stanford, Jiang Zhenyu's financial management ability is beyond doubt. Zhang Weiguo also does not have high expectations for him. Apart from long-term investments in companies that Zhang Weiguo likes, he invests conservatively at other times, focusing on stability.

There is another important reason why Zhang Weiguo doesn't want Jiang Zhenyu to invest in flower planting - it's too accurate.

As long as it is an enterprise given by Zhang Weiguo, there is basically no loss in the long run.

Moreover, Zhang Weiguo has now begun to secretly ask Jiang Zhenyu to raise funds in order to be able to buy at the bottom after the financial crisis breaks out in 1973.

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