In fact, Yang Xuecheng's stay in this position is also good for AUO.At present, the cooperation between the two companies is deepening, and the localization of Konka's electronic components has been deeply tied with AUO.In February, AUO reviewed and approved its year-end financial report.In the previous year, AUO's revenue increased significantly, achieving a good result of more than 100 million yuan for the first time, with a total revenue of 16.3 billion yuan.The company's annual R&D expenditure was 8.15 million yuan, and due to the self-built packaging plant, the growth of various expenses, including equipment depreciation, was also very fast.Therefore, AUO's annual net profit was 21.19 million yuan, which was at a relatively low level.Of course, this year the situation will be greatly improved.First of all, the company's packaging plant has been completed and put into operation last year, and the current production and operation are in good condition, and the economic benefits are gradually emerging.Secondly, the output value will be further increased this year.Whether it is a color TV related supporting products, or a tape recorder supporting products, the number of orders will increase significantly.In addition, the company has also cooperated with Xiaobaju Company to launch new products related to home game consoles.The decoding chips, digital-to-analog conversion units, and power amplification units used in CD players have also been gradually accepted by the market, and a certain number of purchase orders have been obtained.Of course, AUO's profit distribution plan is still "no distribution".In early March, Sihai Electronics' year-end accounts report was long overdue.Last year, BOD acquired Anjia's electronics factory, and the change of partner company also made it difficult to deal with the follow-up finances.Xiao Bai didn't care about being a little earlier or later, he held a relatively relaxed attitude and held this board meeting with An Ran and Zhao Lina."
Ah Bai, Lina, last year, we sold 800,000 units of Sihai brand tape recorders for export and 860,000 units for domestic sales, and the number of domestic sales exceeded the number of export sales for the first time."
The meeting was held in Sihai Electronics Shencheng Company, and after the three of them sat down in the conference room, Enron began to interpret the financial data of the company's annual report last year.Last year, Sihai Electronics achieved an operating income of 2053938 million yuan from domestic sales and 36 million US dollars from export sales.According to last year's average exchange rate, 100 US dollars were exchanged for 520 yuan, and the revenue from export sales was 18,720 yuan.Added domestic and foreign sales, the total revenue of Sihai Electronics in 1991 was 3925938 yuan.Obviously, after the dividends of the Asian Games gradually disappeared, the growth rate of Sihai Electronics has begun to slow down.However, the two paging stations invested by Sihai Electronics in Yangcheng and Shencheng are in a period of rapid growth.The total number of customers at the two paging stations has exceeded 450,000.Last year, the two paging stations achieved a total net profit of 63 million yuan, plus the undistributed profits of previous years, a total of 77 million yuan."
After the completion of various provisions, plus the profit retention of previous years, the current undistributed profit of Sihai Electronics is 163.82 million yuan."
When An Ran said this, he couldn't help but smile.The company's accumulated undistributed profits are more than 1.6 billion, which also shows that his work is still fruitful."
Ah Ran, what is the distribution plan in your heart?"
Zhao Lina did not directly say her plan this time, but kicked the ball to Enron."
I mean, let's leave half of the profit and divide it half.Recently I went to ZH to look at a company called Yasheng that specializes in CD players, and I wanted to buy them. ”Enron then went on to introduce Yasheng further.The founder of this company, who used to be the head of the R&D department at Pioneer, is a senior technician.Later, he came out to start his own business and single-handedly established the Yasheng company.The CD player produced by this company is still very good from a technical point of view.It's just that Yasheng is constrained by the financial side, coupled with the lack of marketing, the company has not had much color.At the end of last year, the founder of Yasheng let out the wind that he wanted to transfer the company and related technology.An Ran went to talk a few times, and the current obstacles of principle have basically been removed, and now he is only waiting for the approval of the two shareholders, Xiao Bai and Zhao Lina.Xiao Bai felt that this was a useful attempt, so he smiled and said, "How much money does it cost to acquire this company?"
Does the other party have its own production line?
”An Ran shook his head and said: "They don't have their own factory, they have patented technology, but they lack financing ability, and the production is also OEM production." ”"I think we should be cautious, at present, CD players are still a niche commodity in China, and if the investment is too large, the risk is not easy to control."
Zhao Lina also wanted to know what the purchase price was in Enron's mind."
It didn't cost too much money to acquire, and I estimate that together with the patented technology, 3 million yuan can be done.However, we have to invest millions to build a production line ourselves. ”Enron took a fancy to the technical team and the patented technology in the hands of the founder.However, the manufacturers who did OEM for Yasheng before are said to have received a large number of orders from foreign businessmen this year, so Yasheng's life is becoming more and more difficult.His idea that production must still be stable, which is also the lesson that Anjia brought to him before."
In my opinion, there is really no need to build a production line, that is not our strong point.I still discussed with Mr.
Wang of BOD to see if they could do OEM. ”Xiao Bai's idea that Sihai Electronics is better to be a product company.Work R&D, design and after-sales service.Asset-light companies also have their own advantages.As long as the production problem is solved, there is nothing wrong with it.When An Ran heard him say this, he smiled and said, "If BOD can do OEM for us, then I don't have to worry." ”In the final analysis, the BOD company is still controlled by Xiao Bai, so naturally there will be no crisis similar to the last time."
I'm okay with it, the problem is that Ah Bai doesn't think it's feasible."
Zhao Lina has no opinion, if the BOD company agrees to OEM, then the investment and risk of the production line must be borne by the other party."
Okay, then this matter will be decided for the time being, and we will discuss it later.Now it is still a matter of continuing the distribution of profits, I think Ah Ran's proposal is okay, leaving half of the profits and sharing half. ”Xiao Bai considered letting BOD Electronics Factory OEM CD players, naturally in order to make VCD machines popular across the country in a few years.In fact, although CD players are a niche commodity, they have always had a market.Even in the "digital age", there will still be enthusiasts who buy it.However, this niche product is not big, and it is okay to increase the product line.Zhao Lina saw that Xiao Bai agreed to Enron's profit distribution plan, and she no longer contradicted her.As a result, Enron quickly let the finance come up with a new plan: the amount of profit distribution this time is 81.91 million yuan, which is 157519 million US dollars at the exchange rate of 100 US dollars to 520 yuan RMB.Among them, Enron can get $630.07 million, and Xiao Bai and Zhao Lina get $472.56 million respectively.After finishing this matter, the three of them went out for a meal as usual.While drinking, An Ran suddenly made a new suggestion."
Bai, Lina, I think it's necessary to think about the development of the company.I have a hunch that the market prospect of the tape recorder is not very good, and our technical strength is too weak, is it considering increasing capital and shares, and introducing new powerful shareholders?
”After An Ran finished speaking, he kept glancing at Xiao Bai with his eyes.Last time, he proposed to transfer part of his shares to Xiao Bai, but after the other party perfunctory at that time, he disappeared.Taking advantage of the fact that the company's three shareholders were all there this time, Enron brought up the old matter again in a different way.Zhao Lina was very sensitive, and reacted immediately, An Ran had a strong sense of crisis, the purpose of his words was to further tie up with Xiao Bai?"
Oh?
So what kind of shareholders do you think are powerful?
”Xiao Bai took a sip of wine to himself, and then asked with a smile."
I'll make it clear, I think Sihai Electronics will soon encounter a bottleneck in development so far.And I don't have a good way to solve this problem, I want to let Bai take control of the company, Lina, what is your opinion?
”Enron stopped playing dumb riddles and said what he really thought.Zhao Lina was a little difficult to make a decision for a while, but seriously recalling it, the establishment of Sihai Electronics seemed to be because of Xiao Bai's words.In recent years, the company has also made a lot of money, and she herself has benefited a lot."
Do you really want to share a part of the benefits?"
Zhao Lina glanced at An Ran again, and finally made up her mind.Since the other party, the largest shareholder, doesn't care, what does she care about?
She now has no worries about food and clothing, and the money in her hand can live comfortably for the rest of her life.Why don't you just gamble!
After a while, Zhao Lina said: "I have no opinion, I also hope that the company can achieve self-breakthrough and enter a new realm." ”Xiao Bai smiled: "Ah Ran, Sister Li, you really can afford me."
It's not impossible to do this, you should think about it later, including the amount of capital increase and share expansion, the valuation of the company, and so on. ”He also figured out that Sihai Electronics started very early, but today, in addition to making a lot of quick money, the company has actually not made great progress."
Bai, Lina, I've been thinking about this for a long time, and I've already made a preliminary plan.Look at it, is there anything wrong with it?
”Obviously, An Ran came prepared today, and as he spoke, he got up and took out the public bag, and took out two documents from the bag and gave them to Xiao Bai and Zhao Lina respectively.The two of them took the information and read it carefully.Xiao Bai noticed that Enron's plan to increase capital and expand shares was to raise 50 million Hong Kong dollars and give 30 shares to the investor.He roughly calculated that according to this plan, the valuation of Sihai Electronics is about 1.6 billion yuan.This valuation is not high, but it is not low either.Zhao Lina thought that Enron's asking price would be lower, but she didn't expect it to be quite fair."
I think it's feasible, the rest depends on your attitude."
Zhao Lina directly agreed, almost without hesitation."
Since you all have no opinions, then this private placement plan can be decided.Looking back, in the name of Heung Kong Yingsheng Investment Company, I participated in this round of capital increase and share expansion. ”Xiao Bai made the final decision and approved Enron's plan.