The Birth of Shanghai's First Conglomerate

Deer Antler Coffee has invested another 500 million to open directly operated stores.

This is big news, mainly affecting the beverage market.

This time, the store completely abandoned the traditional coffee shop model.

Instead, they went directly into office buildings, primarily focusing on food delivery.

It can be said that this is a disruptive innovation in the industry.

The main innovation is in cost.

After Tencent Entertainment's stock price dropped below 20 billion, Boiling Sheep also fell out of the 5 billion range.

Compared to the IPO price, it has dropped by a full 40%.

The drop is almost halfway down.

Chen Pingsheng remained unmoved, and March ended.

This also means that listed companies should release their first-quarter financial reports.

Tencent Entertainment released one movie, Detective Chinatown, in the first quarter, followed by three TV series that successfully cashed in on the market.

The company reported a net profit of 5.2 million yuan in the first quarter.

For listed companies, financial reports are required to be released to the public.

Tencent Entertainment was no exception; on the day the financial report was released, Tencent Entertainment's stock price fluctuated slightly and rose.

Then it started to fall again and continue to decline.

The market's reaction was exactly as expected; even such a strong financial report failed to restore the capital market's confidence.

To put it bluntly, this is no longer about making money; the capital market believes he is challenging the rules and could be wiped out any day.

Chen Pingsheng really wanted to say, "You're overthinking it."

He's not stupid enough to challenge those rules.

There are countless important figures involved in the cross-shareholdings within the Tengying Group.

Once you've earned the money, you should still share it.

The reason is simple: he is still the largest shareholder of Tencent Entertainment, owning 60% of the shares.

He'll definitely get the most money when it's divided up.

If a listed company distributes dividends and an individual holds shares for less than one year, no personal income tax is required.

If an individual holds shares for more than one year, they will have to pay a 20% income tax.

People like Chen Pingsheng rely on Teng Hui Capital to hold 60% of the shares in Tengying Entertainment.

Then you'll have to pay 25% corporate income tax.

He received 3.12 million yuan in dividends and paid 7800 million yuan in taxes.

After tax, there is still about 2.4 million.

After going around in circles, it all ended up in his wife's pocket.

As for the shareholders who bought Tencent's stock, they will receive the amount due per share.

Seriously speaking, these listed companies in China rarely distribute profits to their shareholders.

Firstly, most companies believe that going public is simply a way to raise funds.

Once the financing is completed, they will not pay any attention to the demands of small investors, and therefore have no awareness of dividends.

Secondly, there are shell companies that go public by falsifying financial statements or excessive packaging, and have no ability to pay dividends at all.

The third and most common type is to cater to the preferences of domestic investors after listing.

To engage in large-scale, blind expansion.

It would rather waste money than share dividends with you.

Chen Pingsheng felt that if someone bought his company's stock, he had an obligation to share the profits with them.

The amount is what it should be.

The key issue is that he himself doesn't allow his brands to blindly expand using the money earned by the company.

Those who work in the entertainment industry should focus on doing entertainment well.

Those in the catering business should focus on cooking good food and serving good customers.

As for those selling milk tea, they shouldn't think that after selling milk tea well, they can go on to sell houses.

In short, not allowed.

If you cut off these companies' cross-border travel, you'll find that their listed companies are generally capable of paying dividends.

The business is performing very well.

It's simply a matter of retaining 30% as a risk reserve.

Not only did Tencent Entertainment get a share of the profits, but Bobo Milk Tea also had a net profit of 1.2 million yuan in the first quarter.

Boiling Sheep has the fewest, around 90 million.

Both make money; it's just a matter of how much.

His wife receives around 200 million yuan a month just from dividends.

When the three listed companies distribute dividends in the first quarter, the total will be around 500 million.

The family is truly not short of money.

Once the stock price drops a little more, he immediately starts buying back shares.

It's clearly not at its lowest point yet, so there's no need to rush.

On May 1st, Shen Teng's "Hello Mr. Billionaire" will be released.

The film had a return on investment of 700% at the time.

With just this one movie, Tencent Entertainment can earn more than 500 million yuan.

The second quarter profits were significantly higher.

Before the movie's release, he insisted on using over a billion yuan to buy back the shares.

Once the second-quarter financial report is released, the stock price will most likely surge.

As Chen Pingsheng sat in his office lost in thought, Bai Xin came to find him. Seeing that the corners of his mouth were turned up, she couldn't help but ask, "Uncle, why are you smiling with your eyes narrowed?"

“You don’t understand. I’m making money from both movies and the stock market now.”

Chen Pingsheng suddenly felt that the stock price hitting rock bottom might not be such a bad thing after all.

If he can get ahead of the capital market's trust, he could spend several billion to buy back Tencent Entertainment's shares.

It's no problem for the price to increase two or three times within two years.

Trading your own company's stock, that's something else.

"Oh." Bai Xin thought for a while, but still didn't understand.

She came because it was her sister-in-law Song Wu's birthday last April.

Tencent Entertainment invested 90 million yuan in one of her TV series.

We broke even yesterday, making back 1.8 million.

All I need now is his signature. It's a small project; he can just glance at it and be done with it.

Aside from that, isn't Bai Lu currently filming the trainee competition?
It's like being in a semi-resting state.

Chen Pingsheng picked out an ancient costume drama for her, and the title of the drama was "Zhou Sheng Ru Gu".

It's a pretty good show. If he says it's good, then it's obviously going to make money.

The total investment is 1.3 million, and it can yield a return of 350%.

Making money in the entertainment industry is really effortless.

Once Bai Lu finishes filming this, she'll basically be able to join the ranks of top-tier actresses.

Previously, he was always considered a top-tier second-tier celebrity.

Reaching the top tier is what truly establishes a foothold in the entertainment industry.

Bai Lu emerged from the first trainee competition, and his rapid rise to the top is a great encouragement to the trainee competition.

Without the backing of Tencent Entertainment, ordinary people would never be able to even touch the threshold of the top tier, no matter how hard they try.

Tencent Entertainment boasts three top-tier celebrities: Zhao Liying, Yang Mi, and Liu Yifei.

Bai Lu is about to be promoted to the front line.

After this batch of trainees finishes, there should be one or two more who can be cultivated to become successful.

There's no doubt that the lineup is getting stronger and stronger.

Every day, he receives no fewer than ten scripts of varying sizes.

Bai Xin herself would first filter out those that were unreliable.

What I mean by "unreliable" is that the director and production team didn't produce a single profitable project.

Or perhaps they lose two events in a row.

The entertainment industry is strange; if a director flops on two projects in a row, there's a high probability that his next project will also flop.

Most works can make money.

If you can't make money from someone, giving them more money is a waste.

If he doesn't filter some out, he simply won't be able to finish looking at all these projects.

Of course, there's still so much to see in the current situation.

Some profitable projects also flow out through him, which is nothing to regret, since the Golden Finger Grandpa can see one every day.

This smells really good, okay?

When Chen Pingsheng returned home, his wife Song Yanxi was once again lying in the room, doing accounts.

Whenever her bank account balance suddenly increases, she'll stick her butt out on the bed and grab a calculator.

Then, using her small notebook, she carefully planned her upcoming investments and financial management.

Chen Pingsheng went over to take a look and found that what she wrote was all about buying a house in Hong Kong.

After buying a 500-year property right there, the 70-year property right here on the mainland suddenly doesn't seem so appealing anymore.

Moreover, Hong Kong's housing prices are significantly more competitive.

Chen Pingsheng patted her on the shoulder and said, "Why do you keep staring at the house?"

Song Yanxi rubbed her bottom; perhaps she was used to it, she was too lazy to scold her.

"With so much money, how could I possibly make it through bank interest alone if I didn't buy a house?"

"Forget it, you can buy a headquarters building in Guangzhou. Most of Fei Yang Yang's stores are concentrated in Guangdong, and Teng Hui Department Store and Fresh Food have also moved there. Now they need to buy a headquarters building there too."

Since last year, Chen Pingsheng has invested around 5 billion yuan in the headquarters building.

If we add the storefronts, Tengchao Commercial Management's total assets will already be close to 170 billion yuan.

I was quite surprised.

Song Yanxi thought about it and agreed. However, she only had 500 million yuan in savings, which was clearly not enough to buy a headquarters building in Guangzhou.

Chen Pingsheng told her not to rush, and to buy herself two luxury homes in Guangzhou and Shenzhen first.

Their family will definitely be traveling a lot in the future.

Gao Hu is currently based in Guangdong most of the time, and he goes there frequently.

It's impossible not to have a home over there.

Song Yanxi thought about it and agreed; prime locations in top-tier cities are still very resilient to housing prices.

Of course, if you're living in your own home, you don't need to consider these things at all.

The next day, she hurriedly flew to Guangzhou, accompanied by two extremely wealthy women from Shuiyunjian.

They're so rich that they buy houses by the building.

If you introduce her to a set of clothes, it's an insult to her.

Song Yanxi went to choose a house for her own family this time, so she was naturally very picky about every aspect. At the very least, it had to be one that she liked.

Five hundred million, and they only bought two sets.

Even in places like Guangzhou and Shenzhen, you can choose any of them.

After much deliberation, Michelle Song ultimately decided to settle her Guangzhou home in Dayi Villa at the foot of Baiyun Mountain.

The villa, spanning over 3,000 square meters, boasts an exceptional design.

The price is 1.8 million.

Chen Pingsheng really wanted her to buy a smaller one, as he was too lazy to hire a nanny.

Song Yanxi likes this one, so she doesn't want to buy the smaller one.

Okay, whatever.

Houses no longer have any investment value; those that were speculated on in Beijing years ago have all been sold off.

These days, they're just buying things for their own families.

If you buy a villa at the foot of a mountain in Guangzhou, then naturally you'd buy a large single-level apartment in Shenzhen.

Song Yanxi chose a 980-square-meter penthouse in Shenzhen Bay No. 1.

I also went downstairs and picked up two Aston Martins, which I put in my newly bought parking space.

You might say these houses are very expensive, especially considering they're just across the river from Hong Kong.

They spent a whopping 800 million yuan to buy that 480-square-meter villa on Mount Kellett Road in Hong Kong, with no shared area.

The total cost here is less than 200 million.

For his wife, it had nothing to do with being expensive.

They share the same mentality as those who have bought houses in China: they just hope that house prices will keep rising and not fall.

His wife just received a large sum of money, and he feels uneasy if he doesn't go out and spend three or four hundred million.

Once she ran out of money, she went back to work and earned it back.

(End of this chapter)