My wife is in my arms

Chapter 1228 Shareholders' Meeting Part Two

in the afternoon.

The city was bathed in intense sunlight, and the lack of wind caused the outdoor temperature to rise considerably. At this time, in a conference room on the top floor of the Tianyu Entertainment headquarters building...

Around three o'clock.

People started coming in one after another.

Upon seeing someone familiar, he immediately greeted them with a smile.

"Old Gong, I heard you've invested in new energy vehicles. How's the research and development going?"

One of the middle-aged men, dressed in a suit, smiled and said to the man in his fifties who was already sitting in a chair drinking tea, "If you develop it, I'll definitely buy one and drive it, just to support you."

"I told you before, either call me by my name or call me Old Gong. You keep calling me that, people will think there's something going on between us."

Gong Nianhua chuckled and scratched his head, then sighed and said, "We've developed the 'egg,' but the current battery energy density is only around 300. What's the use of that? We have to charge it every few minutes. And... last time we tested it, damn it, the tester almost burned to death. These days, who in any respectable family would buy a new energy vehicle? The insurance is expensive, not to mention the high rate of spontaneous combustion. Even if I were an investor, I wouldn't dare drive one. I'm afraid it might suddenly catch fire while I'm driving."

"Once the technological breakthroughs are achieved, new energy vehicles still have a bright future."

The middle-aged man who had spoken earlier chuckled.

"The only reason we can overcome this... to put it bluntly, is because our domestic oil prices have remained stubbornly high."

Gong Nianhua thought for a moment and said, "Once oil prices drop and remain stable for a long time, do you think there will still be a market for new energy vehicles? Even if new energy charging is cheap, it still uses batteries, which need to be replaced at most every ten years. When you replace them, you might as well buy a new car. Hehe, the reason I'm willing to invest is because I see that domestic oil prices have been high. If prices are low... who will buy new energy vehicles? Aren't the people who buy them just looking for the cheap price and thinking that electricity costs are cheaper than oil costs?"

Two people are chatting.

The other shareholders who had arrived earlier were also chatting.

As shareholders of EE-Media, a significant number of them have other investments outside the company. Gong Nianhua is a typical example; his businesses not only cover entertainment but also real estate and new energy vehicles.

However, the real estate market has been sluggish in the past two years, and the properties he and his partners developed have not sold well. Meanwhile, the research and development of new energy vehicles is lagging behind, and the key issue is that the research and development of these things burns through money very quickly, leaving him extremely stressed.

When it comes to investing... either don't invest at all in the first place, or once you do, you have to keep going no matter how unwilling you are, otherwise all your previous investments will be wasted.

"The company has had a good year."

Someone picked up their teacup, took a sip of water, and said with a smile.

"It's really good."

A middle-aged woman sitting on a nearby chair nodded in agreement, saying, "Last year, I asked the company to send me a quarterly performance report every year. Starting in the second half of the year, the company began to ramp up its efforts, and both of the films it invested in were huge successes. I even went to see 'The Truman Show,' and it was truly excellent."

Another seven or eight minutes passed.

The meeting room door opened, and Song Lan and two other staff members walked in. Amid the casual conversation of the shareholders, the three of them placed the prepared annual report in front of one shareholder after another.

Everyone stopped talking. Gong Nianhua picked up the company's annual report and flipped through it as well. Although he was also a shareholder of Tianyu Entertainment, his shareholding was not large. However, his eyes widened in surprise when he saw the company's annual revenue figures.

Even though he had anticipated that the company would do very well last year, he still felt a little unreal when the actual annual report was presented to him.

Moreover, if the dividends are really that high, even if his shareholding percentage is not high, the dividends will be a considerable sum.

“Is this true?!”

The middle-aged man who was initially talking to him was somewhat skeptical.

"should be no problem"

Gong Nianhua began, “The company’s development in the second half of the year was indeed phenomenal. The movie ‘The Truman Show’ alone earned several hundred million, and my daughter especially loves watching ‘The Voice of China.’ Moreover, even after we criticized Chairman Lin so much at the shareholders’ meeting, he never considered falsifying the annual report. This proves that while Chairman Lin may lack the ability to develop the company, he wouldn’t falsify data. However, the reason the company performed so well last year wasn’t because Chairman Lin became more capable, but because he used Jiang Yiren’s contract to bring Zhang You into the company as music director. Just wait and see! I estimate that Chairman Lin will definitely propose keeping Zhang You in the company at the shareholders’ meeting later.”

"Didn't they say the agreement would only be fulfilled if Future Boy's album sold 20 million copies?!"

Lu Ye asked uncertainly.

He also has his own businesses outside, and apart from occasionally paying attention to the developments of Tianyu Entertainment, he doesn't usually pay much attention to them. Mainly, he is just a shareholder and doesn't have veto power, so why should he care so much!
When the company does well, he receives dividends.

If things don't go well, the shareholders' meeting at the end of the year will challenge Chairman Lin and question her abilities.

Anyway, that's how it's been going on for the past few years, and every year Chairman Lin just lets them say whatever they want. It's only because the Lin family controls most of the shares in Tianyu Entertainment and is the actual controller of the company that Chairman Lin would have been ousted by them long ago.

"I inquired with the company's senior management, and the entire album is of extremely high quality. According to the company's internal assessment, fulfilling the agreement shouldn't be too difficult."

While talking to Lu Ye, Gong Nianhua continued to flip through the annual report. When he saw that the advertising revenue of the second season of "The Voice of China" reached 530 million yuan, his expression showed a little shock.

He knew how popular the show was.

He really didn't expect it to be so good at making money. But the thought that the show was jointly invested in by the company and Zhang You made him feel like his heart had been cut off.

It's still only season two.

After the second season ended, the third, fourth, and fifth seasons followed. Zhang You would take half of each season's revenue. Just thinking about it made his heart ache. How much money was that?!
As long as the ratings for variety shows remain stable, the advertising sponsorship fees will increase from one season to the next. Once the show is completely over, Zhang You will still have to take at least one billion yuan from this project.

Do this.

The company is practically all working for him.

Seeing this, Gong Nianhua planned to mention it later, but decided to let it go this time since it was a joint investment. However, he thought the company could buy an idea from Zhang You next time.

There's no reason why Zhang You could simply come up with an idea, invest half of it, and leave the rest of the work to the company, and then comfortably pocket half the profits.

(End of this chapter)