Then, there was Da Qian eSports. This kid was very miserable this year. He did not make much money. After all, in order to support the International eSports Federation and organize competitions all over the world, he spent a lot of money. However, he did not get much money back. He barely made ends meet.
However, the president of Daqian eSports, Huang Xuzhong, shamelessly said that the increase in profits of Daqian games was all thanks to him. Therefore, half of the profits from Daqian games should be from Daqian eSports. Boss Jia asked Huang Xuzhong to discuss this with Zhong Yu.
After Huang Xuzhong, Wang Chuanfu was supposed to come. However, this guy didn't come to the annual meeting last year. He didn't come this year either.
However, this year, he didn't have to lead a team to deal with a malicious incident. Instead, he went to the United States to develop the market.
Ever since this guy introduced electric bicycles … no, eco-friendly motorcycles to the United States, his mind was basically unrestrained. He handed over the daily management and operation of the factory to a few vice presidents. He devoted himself to the overseas market and carried out various preparations.
Needless to say, this guy's speed was quite fast. He only used less than two months to complete all the procedures and approvals. Now, he was bringing the first batch of eco-friendly motorcycles directly to the United States, intending to sell them in the United States market.
In this case, Boss Jia naturally couldn't ask Wang Chuanfu to come back. After all, Wang Chuanfu went to make money. Boss Jia couldn't stop him.
Anyway, Boss Jia had already read BYD's annual report.
Now, BYD has basically occupied the industrial battery market. In 1996, BYD had made a total of 1.2 billion RMB in profits in the industrial battery market. Only the remaining battery companies in the civilian battery market are left to the other battery companies. This made the battery companies, who had joined forces with BYD, regret abandoning BYD to Da Qian.
The electric bicycles were also starting to show their strength. As the market gradually opened up, Hua Xia could see people riding electric bicycles in many cities. Yuzhang, especially, wasn't as prosperous as the future electric bicycle kingdom, but at least there were electric bicycles parked on the side of the road.
With electric bicycles, BYD had made more than 400 million RMB in profits in a year.
At the same time, e-bikes also support another industry called Ceglava, but I won't say more about that in case I run out of batteries.
Lastly, Boss Jia was the CEO of Daqian Electronics. Daqian Group integrated the Daqian mobile phones and Daqian VCD players into a new company, Daqian Electronics.
Boss Jia was the CEO of this company, and Daqian Electronics had done well this year.
First, Daqian VCD players.. except for five to six small Fusang VCD players and Sony.... 80% of Fusang's VCD players market belongs to Daqian's market. and Daqian Group's Daqian Group.
Although Daqian Group was still using the classic loan method, after Daqian Group and Mitsubishi Group reached an agreement, Daqian VCD players in Fusang's market were sold to Mitsubishi Group to develop financial products.
So, Daqian VCD players, which were supposed to lose money, made 1.8 billion USD in a year.
Then, it was the Daqian mobile phone. With the launch of Daqian mobile phone 2, this was the world's first mobile phone with gaming capabilities. Daqian Group beat Motorola and Nokia and became the best mobile phone in 1996. By the end of 1997, Daqian mobile phone 2 had sold 3.2 million units.
With the increase in sales, the cost of Daqian mobile phone 2 dropped significantly.
The 1,200 USD retail price was only around 200 USD from the material cost. There was still around 100 USD from Star Machinery. The remaining 800 USD was Daqian's net profit.
Based on the 800 USD profit per mobile phone, Daqian Group's net profit was 2.56 billion USD.
That's right. The 1.6 million mobile phones sold by Nokia were all manufactured by Star Machinery. The profit for each mobile phone was 600 USD. 100 USD was from Star Machinery, and the remaining 500 USD was from Daqian Electronics. This was another 800 million USD of net profit.
Motorola had entered the market later, and they had bought fewer mobile phones. Also, they had bought the parts and assembled the mobile phones themselves. That's why their profits were lower. But now, they had more than 100 million USD of profit.
This was not the end. After the launch of Daqian 2, Daqian 1 announced that they would start to reduce the price of their mobile phones. The price was reduced from 1,200 USD to 1,000 USD, and then to 800 USD. The price was reduced by 400 USD.
Then, Daqian 1 exploded with amazing vitality. Because the price was too cheap, those who were cash-strapped but wanted a mobile phone chose to buy the cheaper Daqian 1. After all, Daqian 1 was also very good-looking, and making calls was the same. They didn't need so many fancy features.
Therefore, Daqian 1, which should have been withdrawn from the market, actually sold another two million units. However, the total cost of Da Qian 1 had dropped to less than 200 USD. Therefore, Da Qian still had a profit of about 500 USD even though it was 800 USD for a mobile phone. This gave Da Qian 1 billion USD of profit.
Of course, only God knew why Daqian had a huge inventory of two million mobile phones.
However, later on, Nokia and Motorola also discovered the Da Qian1, which was selling happily. These two companies gritted their teeth and lowered the price of this old model to about 1,000 USD. It was said that they also sold about a few million units each.
It couldn't be helped. Although the price was still a few hundred USD more, the brand charm of Motorola and Nokia was still unmatched by Daqian.
In the end, Daqian Electronics made a terrifying profit of 6.2 billion USD in 1996.
Therefore, Zhong Yu, who was proud of himself before, was actually a little fool. He actually thought that he was the most handsome boy in the Daqian Group. Little did he know that the most profitable part of the Daqian Group was still firmly in the hands of Boss Jia.
Of course, from Zhong Yu's performance, it could be seen that even the senior management of the Daqian Group still knew little about the Daqian Electronics. However, this was also the situation that Boss Jia wanted. If everyone in the company knew the financial situation of the entire company, he wouldn't be able to continue being the boss.
Then there were the two companies, Maotai and Dynasty. This time, Maotai still only sent a representative to attend the annual meeting. The factory director didn't attend because Maotai also had to hold an annual staff meeting. However, Boss Jia didn't care. It was fine as long as it could be listed.
The other company didn't intend to make money at all, so there was nothing to say. Their performance was all in the various animations that were launched this year.
Finally, the various companies of the Daqian Group also joined in the report. However, not all of them came. Leng Xuxin, the president of the largest company under the Daqian Group, came to report on behalf of the entire Daqian Group.
"Chairman, after two years of development, our Daqian Group has 52 companies under the Daqian Group, involved in 13 major categories, 232 sub-categories, and a total of more than 6,300 different products."
"At the same time, 212 companies have moved into the Daqian High-Tech Electronics Industry Base, involved in the entire electronics industry, 21 major categories, 430 sub-categories, and a total of 13547 different products!"
"It can be said that our Daqian Group has covered more than 98% of the products in the entire electronics industry. We can completely supply the entire industry chain. At the same time, we also involve six industries outside the electronics industry. The core high-tech base of the entire Hua Xia is here with us! "Leng Xuxin proudly reported to Boss Jia.
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