Rebirth of the Official Business Route

Rebirth of Official Road Business Road Chapter 54 Meeting of Twenty-Nine People

Yaping has not been to Jianye for some time. Philips' business is in Jianye. Come to Jianye again. He is no longer the president of Philips Components Greater China. The new identity is Senior Vice President and President of Components Department of Aida Group.

This time to Jianye. It was only then that Jianye had undergone so many changes in a short period of time.

I can't even imagine it. Zhang Yaping stood on the cemetery square on the north slope of Yangui Mountain and looked towards Xuefu Lane in Oak Park. When I was on a business trip to Jianye the winter before last, I drove past this area. Except for the campuses of Normal University and Dongda University, the northern shore of Yangui Lake was completely indistinguishable from ordinary messy small towns. At that time, Donghua Avenue had just been built. There are messy houses along the street. In just over a year. Who would have thought that there would be such a magnificent scene. I see the near future. The square where we are standing may become a famous viewing platform in Jianye... ... The chapters of the novel are updated the fastest

Nearly a thousand acres of land between the north shore of Yangui Lake and the Normal University and Dongda University have been opened. Xuefu Lane between Normal University and Dongda University was also demolished and rebuilt. At the beginning of the year, the construction of Hudong business district was launched. At this time, the 200-acre Yanhu Bieyuan villa area in the northeast corner of Yangui Lake was also completely completed. Except for the high-end apartment commercial street, this large area of ​​buildings. It is mainly the garden inspection and entrepreneurship park with the theme of Oak Park. The leisure green of the large lakeside and the vegetation in the residential area are dominated by oak trees. Standing on the slope of Yangui Mountain, you can look at this area. It's the time when the leaves of the oak trees change color in early winter. The whole large piece of soil is full of rich colors such as golden red, golden yellow, mud yellow and light brown. Beautiful. It seems to wrap a colorful shawl around the lakeside. The water of Yangui Lake is as clear as a huge piece of jasper embedded at the foot of the mountain. Then it is continuous with the lush green campus of colleges and universities. There is absolutely no particularly strong sense of modern city. The whole is like a large coastal oak park. Fiction novel chapters are updated the fastest

In the Oak Park area, the high-rise buildings of the main building in the Donghudong business district rise. Although most of the buildings are under construction. But you can also feel a strong modern urban atmosphere.

... Su Jindong smiled. He is very busy these days. I heard that the scenery looks beautiful. No more time to take a look. Said. People with free time. I have been climbing since late September. This oak garden really lives up to its name... Don't say that you can drive through the tall oak forest from the mountain. It's quite comfortable. But in Ke Shao's opinion. The scale is still too small. I think he is thinking about those big oak tree gardens in the western United States that cost tens of thousands of acres...

Listen to Su Jindong say so about Zhang Ke's ambitions. Zhang Yaping also smiled lightly. Although China is vast. People are thicker. There is such a piece of pure land in the densely populated Jianye City. It's already satisfying.

I thought of the stench of the lake that I could still smell when I drove by the lake the year before last. It's only been two years. The water of Yangui Lake is as clear as a huge piece of jasper embedded in the big jade. These are the new scenes that Kumho has brought to the city in the past year or so since Kumho's aggressive advance into Jianye. Zhang Yaping looked at Su Jindong with his hands on his hips looking at the scenery down the mountain with a pleasant expression, and thought to himself: I am one of the people who are behind the scenes to promote some changes.

Standing on the hillside looking at the beautiful scenery in the distance. The pride in my heart is probably self-evident. Another faint smile. At this time, he can also feel more clearly what kind of future awaits him when he merges into the lake. Look around. It was all Kumho executives who arrived in Jianye one day in advance to participate in the senior manager meeting. It can be said that all of these people present are the current choice. In just three or four years, they all gathered under Kumho's banner.

The Kumho system uses Aida as the core to structure the whole body. Those who are qualified to participate in the senior manager meeting also took the two member companies as representatives of the Doaida Group, including Su Jindong, Cheng Hanzhang, Yang Yunlu, Qingsheng Tan Yunsong and others. Of course, Zhang Yaping, who has just joined Kumho and has been in office, must also be counted. Although Kumho Commercial was just established, there were representatives including Sun Shangyi, Ye Jianbin, Ge Mingde, Xiao Jincheng, Jiang Wei and Zhou Yiping. also. Xinguang Paper was attended by representatives from Zhou You and Zhou Fu. Shin Kong Forestry was represented by Zhiyou. Zhongjing Microchip was attended by Liu Zhicheng, and Xiangxuehai was attended by Tao Xingjian, Chen Mo, and Ye Xiaotong. Catering and Entertainment Group was attended by Sheng Qing. The production of Century Lake was represented by Shao Zhigang. Hongyuan Industrial was represented by Zhang Zhifei Yuexiu Holdings Kumho Holdings was represented by Cai Feijuan Aida Electronics was represented by Fu Jiajun Sheng Electric was represented by Shao Xinwen Kumho Economic Research Center was represented by Cui Guoheng 1... In addition Xie Wanqing, who represented Haiyu Company, attended the ceremony. Except for Zhang. A total of twenty-nine persons officially eligible to participate in the senior managers' meeting participated in the meeting. It also confirmed their identities and positions as core managers in the Kumho system.

Zhang Yaping looked around the crowd. I thought it would be a temporary choice for anyone to pick out the twenty or thirty numbers here. But the soul who brought them together was the young man who was under 21 years old. Zhang Yaping looked back to find Zhang's figure. See Zhang Ke and Xie Wanqing standing together and talking. Oh. Xie Wanqing is used to keeping a low profile. Inconspicuous. But it cannot be denied. Without her unwavering support. Kumho does not have a firm foundation to take off. And Ye Jianbin. The Ye family behind Ye Jianbin can be said to be Jin

Another firm foundation.

How huge is Kumho at this time?

After the floods this summer. Raise post-disaster reconstruction funds for Jiangnan Province. Ke and Xie Wanqing jointly transferred 6% of the shares of Aidaji to Guo Hema Chen Southeast Asian Chinese businessmen for a price of 120 million US dollars. The transfer of 6% equity of Yue Holdings was priced at US$80 million. Based on the price of this stock transfer, the market value of Aida Group is calculated to exceed US$0 billion. The market value of Yuexiu Holdings used to be 13 US dollars. Yuexiu Holdings is an asset management company within the Kumho system. The meeting will decide to integrate Yuexiu Holdings into the investment and asset management department of Lake Commercial. However, these two simple data are far from the huge structure and scale of the Kumho system with the two member companies of Aida Group Kumho Commercial as the core.

Zhang Yaping officially left Philips on December 5th. He didn't give himself time off. Stayed in Haizhou for four days. Arrived in Jianye three days earlier. Even if he officially assumed the position of Senior Vice President and President of Components of Aida Group.

During these seven days. His main job is to familiarize himself with the entire structure of Kumho.

Outsiders are most familiar with Kumho, of course, Aida Electronics.

After the backdoor listing, Aida Electronics still focuses on the disc player business. At the beginning of 1997, it jointly launched disc player technology with Texas Instruments Copper, and then Aida Electronics independently launched video disc technology and density video disc technology. It has determined its position in the disc player market in emerging countries and regions where intellectual property protection is relatively loose; Aida Electronics expects to produce 7 million disc players of various types in 1998. The output value exceeded 10 billion yuan. Since Aida Electronics was established the earliest. From 1998 onwards, they will gradually lose the preferential policy of tax reduction and exemption. In 1998, it will contribute nearly 600 million yuan in tax revenue to Haizhou City. Although in 1998, the disk player market in Southeast Asia still suffered a severe setback. The competition in the domestic disc player market is also very fierce. As the first disc player brand, Aida Electronics still achieved the annual net profit target of 900 million yuan for its main business in 1998.

Because Aida Group and Yuexiu Holdings have been implementing an active plan to increase their holdings in Aida. In addition, the performance of Aida Electronics' disk player business is still good in the weak market. The performance of Aida Electronics in the Hong Kong stock market is far better than other listed companies. Although the market value maintained at around one billion Hong Kong dollars has dropped by 30% from the peak. However, the Hong Kong stock market is full of companies whose market capitalization has suffered more than half or even more than two-thirds.

Has been implementing an active accumulation plan. The shareholding ratio of Aida Group and Yuexiu Holdings in Aida Electronics has increased by 48% from the previous 30% in the past year.

This is probably the Kumho that outsiders can directly understand. Kumho's shareholding in Aida Electronics has a market value of 34 Hong Kong dollars; like Kumho in 1998, it can also share an additional 80 million US dollars in monopoly profits from disc player decoding chips. It is unknown to outsiders.

This is just the tip of the iceberg. If only I could be more careful. From the third quarter financial report released by Aida Electronics, we can see the financial status of Huishan Xiangxuehai Electric this year. Although Xiangxuehai has no plan to pay dividends this year. It will not directly contribute to the annual net profit of Aida Electronics. However, it can still be seen from the financial report of Aida Electronics that Xiang Xuehai's take-off posture after relying on the CCTV advertisement.

From the late spring of 1996, Kumho officially intervened in Xiangxuehai and injected capital into Xiangxuehai twice through Aida Electronics Yuexiu Holdings. So that Xiangxuehai, a national brand with a history of nearly 20 years in China, has obtained sufficient development funds. Net assets rose to 1.5 billion in a short period of time. The asset scale reached 3 billion at the end of 1997. In 1997, in addition to building a new production line for refrigerators and freezers. It also invested in the construction of washing machine and air conditioner production lines. In 1998, the brand advertisement of Xiangxuehai officially entered the prime time broadcast of CCTV. The sales of Xiangxuehai's products changed from the sluggishness of previous years. In one fell swoop, he regained the position of Beihai Ernan Xiangxuehai. The sales of refrigerators and freezers, the main business, are expected to reach 3.6 billion in 1998. Consolidate washing machine air conditioner and other businesses. The total annual sales will reach 5 billion. After deducting the paid taxes. Annual net profit will still be about 5 yuan.

Of course, the annual net profit of 5 billion in sales is only the initial goal of Xuehai. At the same time, it also plans to extend to the upstream condenser and compressor industry. It will also start the development of overseas markets and plan to achieve the goal of doubling each of the above two figures by the end of 1999.

Except that Aida Electronics holds a 25% stake in Snow. Kumho also holds a 51% stake in Xiangxue through Yuexiu Holdings.

This is just the tip of the iceberg of what outsiders can learn about Kumho through public information.

This is the first time that a meeting of senior managers has been held. In addition to discussing the merger of Yue Holdings into Kumho Corporation's investment and asset management division. Also review the implementation process of the Kumho system integration plan during this period and confirm the next step of cross-shareholding. This topic was decided in advance. Relevant materials were also handed over to the participants in advance.

The Hundred Cities, Hundreds of Stores plan to strengthen sales of digital mobile terminals was also officially launched. Aida Group and Shengxin Electric jointly invested 5 yuan to establish Shengxin Electric

Da Group, which specializes in digital mobile phones, provided 12% of the shares of Electrical Appliances and 0% of the shares of Shengdian with a capital of 3 yuan. In addition, the Ye family will further exchange with Zhang Xie Wanqing and others for the Aida Group. Lake Commercial and Shengxin Electric's shareholdings. In order to ensure the gradual integration of Shengxin Electric into the Kumho system. Also working with Hyesan City Hall. Aida Group will acquire the remaining 100% shares of Xiangxuehai held by Huishan Light Industry Bureau. The complete privatization of Xiangxuehai Electric is a preparation for Xiangxuehai's next listing plan.

In addition to developing the largest mobile phone franchise company in China. At this time, Shengxin Electric had 88 home appliance stores. Twenty-eight of them are flagship stores with a business area close to or over tens of thousands of square meters. The total number of employees employed exceeds 12,000. Sales exceeded 12 billion. It deserves to be the largest commercial enterprise in the country. Although the extensive management mode was adopted during the expansion period. The annual net profit is as high as 700 million.

Once the Kumho system with Aida Jijinho Commercial as the core is formed. This system will directly control Aida Electronics, the world's largest disc player company, the fourth largest mobile phone manufacturer in China, the second largest portable music player manufacturer in the world, the second largest instant storage disk manufacturer, Aida Group, the largest paper company in East China, and Shin Kong Paper, the largest in China. Forestry enterprise Shin Kong Forestry. Shengxin Electric, the largest home appliance chain enterprise in China, is currently the only fab in China, Zhongjing Microchip, and Xiangxuehai, the second largest refrigerator freezer manufacturer in China. than the above member companies. The indirect control of Century Kumho Catering and Entertainment Century Kumho's Hongyuan Industrial is irrelevant.

To sort out the complex rights and interests within the Kumho system. Even if Zhang Yaping got the most direct information. Also feel very headache.

Zhang Yaping was also very curious: How much assets does Zhang Ke, a young man under the age of 21, have under his name at this time? Based on the price of the transfer of equity to Southeast Asian Chinese businessmen such as Guo Chenma in mid-September. The total assets under Zhang Ke's name are almost 2.56 billion US dollars. The assets of the Ye family represented by Ye Jianbin are almost 800 million US dollars. Shangyi Ge Mingyu and his wife's assets are almost 400 million yuan. Xie Wanqing owns almost 400 million U.S. dollars and Ge Mingjun almost 200 million U.S. dollars. Although Xu Si did not attend this senior manager meeting. Assets under his name should also be as much as 150 million US dollars. Heart managers who are eligible to participate in senior managers' meetings. Except that Zhang Yaping himself is a newcomer to Kumho and has not yet obtained Kumho's equity. Others are also rich in wealth. Among them, Su Jin Dong Dong and the two elders who contributed the most to Kumho have the richest net worth of 100 million U.S. dollars.

calculations based on this. The core assets of the lake system have just reached five billion US dollars. This has to be thrown into the international context for comparison. Kumho is really nothing. Samsung Group's debt scale in 1998 was as high as US$17 billion. Sony's market value remained above $30 billion even during the worst economic crisis. Sony is still only a Japanese electronics company controlled by the Mitsui Zaibatsu; but the high-level executives who participated in the senior manager meeting this time knew it very well. The core value of the entire Kumho system is definitely far more than five billion US dollars. It can even have a significant impact on the economic and political situation of the associated basin.

Zhou You walked up to Zhang Yaping and Jindong and said with a smile: It will be dozens or hundreds of years later. Later generations will study the modern economic history of China or the world. This meeting will not be held as bright as the Twenty-nine People's Meeting The title? All of us are going to be famous in history...

Zhou You said the humor. The expression is also quite proud. Zhang Yaping laughed. At this time, Kumho doesn't need to hide. Especially the convening of this senior manager meeting. It has already marked that Kumho initially has the characteristics of a comprehensive industrial consortium.

Did Ke Shao ask you to come over? Su Jindong reminded Zhang Yaping to pay attention to see Zhang Ke waving to this side from a distance. Zhang Ke, Chen Xin, Xiao Jincheng, and Tao Xingjian, CEO of Xiangxuehai Electrical Appliances Group, and others stood together for a tour and asked someone to go to Su Jindong to accompany Zhang Yaping.

Xiangxuehai should launch the digital home appliance plan sooner rather than later... Zhang watched Su Jindong and Zhang Yaping approach. Although I want to operate the dual brands of Aida and Xiangxuehai at the same time. However, internal integration cannot be hindered by different brands. Negotiations with the Hyesan city government should also be completed as soon as possible. Youai bought the remaining shares of Xiangxuehai from Huishan City Light Industry Bureau. in addition. The development of Xiangxuehai's overseas market should also be started quickly. This part works. Of course, it must be handed over to the overseas operation department of Kumho Commercial... Zhang patted Xiao Jincheng on the shoulder and said. Next year you will have less pressure... Kumho will rely on the domestic market as its foundation. But can it really take off. It is still necessary to have a sense of competition in the global market. Only in the global market can it survive against overseas electronics giants such as Samsung, Sony, Panasonic, and Nokia. In order to be considered a success. The standard of our success is to create an enterprise that makes the Chinese people proud.

The setting sun will fall. Everyone got in the car one by one and got off=go. The dinner in the evening is arranged in the staff restaurant of the Pioneer Park.