January 1995, Hong Kong.

The 1994 annual meeting of Xinzhuangye Electronics Group was held.

The new headquarters of Xinzhuangye Electronics Group is a square that can accommodate 30,000 people to attend the conference. After the tempered glass ceiling is closed, air conditioning is turned on in the yard. Even the weather in January is still as warm as spring.

Xinzhuangwen Electronics Group, as a company that advocates decentralized management, basically delegates power to its subsidiaries on daily operations. However, it needs to summarize financial reports at the annual meeting every year.

This will allow the group's management to have a more macro understanding of the overall achievements of the group company.

"I am very grateful for the contributions made by the employees of the group company and the employees of each subsidiary. In the past year, the consolidated revenue of the subsidiaries of Xinchuangye Electronics Group has reached US$185 billion, an annual increase of about 25%. At the same time, the total profit attributable to the shareholders of the group's parent company reached US$34.58 billion, with a growth rate of more than 40%. Whether in terms of revenue scale or profit scale, Xinchuangye Idea Group can be regarded as the world's top technology consortium. Of course, compared with some low-key money-making companies in the world, such as Saudi Aramco Petroleum, Xinchuangye Electronics Group is naturally at a disadvantage..." Lin Qi came on stage to deliver a speech after summarizing the financial statements of the company's subsidiaries.

In an instant, the employees present were stunned and soon burst into laughter.

Compared with those oil companies, it is true that the new entrepreneurial electronics group is not the most profitable. But... in terms of future growth potential and the promotion of human society, companies like the new entrepreneurial electronics group are the mainstay of changing human society.

As for resource oligarchs like Amei Petroleum, they are essentially relying on their old capital and seemingly rich in underground burials, but in fact they will occasionally consume resources to make money. It seems that these companies are also working, but in fact they are overdraft labor, digging out the existing resources and supplying market consumption.

But no matter how rich the resources are, pessimistic it is estimated that it will last for a hundred years, and optimistic it will last for two or three hundred years. In the world where oil-rich areas are found, examples of oil-rich oil resources are actually not uncommon. It is only when it is discovered to exploitation that one day it is destined to dig out resources.

New entrepreneurial electronics groups are different. They rely more on human intelligence and production to continuously create benefits. They discover new markets through innovation, and a large number of orders are handed over to OEM factories, and OEM factories are also constantly improving efficiency.

In essence, the progress of human productivity depends more on intelligence, not just on the exploitation of workers' time. The advancement of technology and growth efficiency exceeds that of pure exploitation countless times.

With simple exploitation and technological failure, even if a person is allowed to work for 24 hours, he may not be able to squeeze twice the output.

However... After technological progress, human production efficiency has increased by more than ten thousand times. Taking the textile industry as an example, in the early days of the founding of the People's Republic of China, the labor efficiency of the textile industry was already dozens of times the efficiency of ancient textile technology, and the efficiency of the textile industry in the early days of the reform and opening up was at least tens of times the efficiency of the textile industry in the early days of the founding of the People's Republic of China. In the past 40 years, the per capita efficiency of the textile industry increased by more than a hundred times the efficiency of the reform and opening up. In less than a hundred years, the continuous injection of technological content has led to the output of a worker in the textile industry, which is ten thousand times the efficiency of the workers a hundred years ago. The modern textile industry, which has improved the efficiency of ten thousand times, is still despised that the per capita output value is too low and is still continuing to increase the per capita output value. The way to increase the per capita output value is not simply by management, overtime, but more by technological innovation.

Simply put, the repeated labor of human machinery is as small as sand in the face of the index improvement of technological innovation. Creativity is the only way to create benefits and value in the longer term. Without creation and innovation, labor is actually just a dull work of repeated machinery.

For example, which companies such as Pangu Computer Co., Ltd., Xinchuangxin, Xinfei Electronic Technology, Phoenix Games, Xinchuang Communications, Zhangcai Games, etc., rely on innovation and technology to drive performance growth?

"From the business statements of the subsidiary last year, the growth star should be Pangu Computer Co., Ltd. In terms of profit scale, it doubled last year to reach a profit of US$16.7 billion. It is also because excellent subsidiary companies like Pangu Computer Co., Ltd. have achieved a new profit growth rate, which has pushed up our overall profit growth. Therefore, we have to thank President Gao Tiangao for this, for the dissatisfaction of value-added returns he brought to shareholders of our group company." Lin Qi named with a smile.

In an instant, everyone on the line applauded, and Gao Tian couldn't help but smile a smug smile.

"In addition, Hang Seng Bank is also very rare. Last year, it created a profit of HK$50 billion, and its growth rate doubled. This achievement is very difficult. After all, traditional banking business cannot achieve such a growth rate globally. Hang Seng's growth rate, on the one hand, is deployed in the Asian consumer market and added a large number of outlets. In addition, it is an Internet channel to expand personal financial services business and create growth returns far exceeding traditional businesses. In this regard, the new Hang Seng Bank CEO Lam Weizhongxian

Sheng, doing a very good job, taking into account the risk control experience of traditional banks and embracing new Internet technologies. So, Hang Seng Bank should be the bank in the world with Internet technology at the forefront of the world." Lin Qi smiled, "Of course, Hang Seng Bank's stock price was not easy last year, and it grew against the trend. The stock prices of other companies fell last year. Hang Seng Bank rose 30%, and its market value exceeded 400 billion. It is a leader in turn with HSBC, and the market value of Hong Kong stocks is the first. Currently, it is either HSBC or Hang Seng, and it takes turns to take over the dealer."

"Thanks to Mr. Lin and all colleagues, at present, our Hang Seng management is not focused on the stock price. We are very frivolous about who is the listed company with the largest market value in Hong Kong. After all, who is awesome is not as good as the Xinxing Electronics Group. Not going public is greater than the market value of the entire Hong Kong listed company." Lin Weizhong said flattered, "In addition, the achievements of Hang Seng Bank cannot be separated from the Internet ecology and traffic tilt of the New Entrepreneurship Department. For example, Yigou.com has helped us a lot. Last year, Yougou.com just introduced deposit traffic to our Yu'ebao products, which made Yu'ebao's current cumulative deposit balance exceed 300.

HK$100 million, this deposit per year. Regardless of the loan itself, Yu'ebao Money Fund itself can earn 0.6% of the management fee. Not to mention Huabei, at present, this business not only brings business growth, but also brings nearly 100 million yuan in handling fees. Now that the scale of Internet users is so small, this achievement has been achieved. Once the Internet is popularized to every household in the future, Hang Seng Bank has the hope to overtake with the help of the Internet and become the world's top big bank. In short, we are not focusing on the present, but on the future. The focus of the layout is not on traditional businesses, but on the Internet business."

Hang Seng Bank's current market value has exceeded HK$400 billion, and its market value is not much different from HSBC. In terms of deposit and loan scale, Hang Seng also has HK$1.2 trillion in deposits and loan scale, and the loan scale has also exceeded 1 trillion. In addition, its net profit exceeds HK$50 billion. It can be said that after Hang Seng Bank became a subsidiary of the new entrepreneurial department, its development speed has far exceeded the original history.

In history, Hang Seng's growth rate has always been faster than HSBC, but it is always impossible to surpass HSBC, because Hang Seng is a subsidiary of HSBC. No matter how fast the growth is, most of its equity belongs to HSBC.

Now Hang Seng is gradually becoming equal in HSBC, mainly because the parent company has become a Xinxing Electronics Group. Under the transformation of Xinxing Electronics Group, Hang Seng Bank has not only become a technology-leading bank, but also the earliest investment and layout of online banking systems, from a traditional bank to a high-efficiency Internet banking bank. Moreover, Xinxing Electronics Group has long placed business turnover funds in Hang Seng Bank. When the cash is low, it will exceed 100 billion Hong Kong dollars, and it will be more than 300 billion Hong Kong dollars.

Relying solely on the deposits and capital clearing of Xinxing Electronics Group, the growth rate of Hang Seng Bank is naturally faster than in history. Due to Lin Qi's contribution to the country, Hang Seng Bank has become the first Hong Kong-funded bank to open a national chain outlet in China. Due to Hang Seng Bank's advantageous funds, the business scale of the current four major banks in the Industrial, Agricultural, and Construction Bank is not enough to compare with Hang Seng Bank. Of course, due to the needs of ranking, the saying of the five major banks has begun to be popular in China, including the five major banks in Henggong and Agricultural and Construction Bank. Although the current scale of the four major banks is still far inferior to Hang Seng, after all, the backing is the country. With the economic growth of China, it is not a problem that the four major banks have grown more than Hang Seng Bank. Especially when doing some large state-owned enterprises and national-level projects, the advantages of the four major banks are far greater than Hang Seng.

But Hang Seng is not without advantages. By serving ordinary consumers, Hang Seng provides ordinary investors with more flexible Yu'ebao deposit business than traditional money funds, and provides Huabei loan business. Yu'ebao business can charge 0.6% management fees. The larger the deposit scale, the more management fees it charges. Of course, ordinary consumers actually gain benefits. Deposits have the flexibility of current deposits and have interest similar to one-year fixed deposit. Huabei is

Credit card business is similar to credit cards, and it makes two-way payments. First of all, consumers use Huabei to pay. Even if consumers do not pay installments, they will not need to pay additional handling fees next month’s bill period. However, the merchants who collect payments in Huabei need to pay a 1% handling fee. Simply put, even if the buyer does not pay interest at all, Huabei will not lose money. If consumers are temporarily tight and choose to pay installments, then installments require additional handling fees, which is the merchant and consumers make money at both ends.

At present, based on Yigou.com's big data, we have more information about users, and the computer automatically controls risks, which is timely for risk discovery. All, the current bad debts are relatively low.
Chapter completed!