The unparalleled talent of the country started from Harbin Institute of Technology

January 1, 1992, New Year's Day, was a national holiday.

This year is called the Ren Shen year in the Chinese lunar calendar, with no leap month. In the original timeline of history, this year was also called the United Nations International Space Year.

In other words, a lot will happen this year as well.

In Bingcheng, at Wang Duoyu's home, Wang Yifei, Li Rongrong, Lu Yuexin, and the other little ones were chattering away. To those who prefer quiet, it sounded like hundreds of ducks quacking.

The children spent two days in Hong Kong Island, then two days in Guangzhou, before returning to Harbin.

Since Wang Duoyu will be going to Guangzhou in a couple of days, Liu Xiaoli and the others went to their home in Guangzhou in advance to clean and bring in more people.

"Dad, it's so cold in Guangzhou! It's chilly. I even covered myself with two blankets at night, but I still felt cold."

The little girl nestled in her father's arms, gesturing excitedly as she recounted what she had seen and heard in Guangzhou.

It's not too bad in Hong Kong Island. Even though it's cold, it's barely tolerable, and magical attacks aren't that serious.

However, the situation is quite different in Guangzhou, where magical attacks are much more severe, since the end of December is the coldest time of the year.

Even in Guangzhou, it was quite cold, especially during the two days Liu Xiaoli and her group spent there. The north wind blew and it rained heavily, making the gloomy and cold weather even more frigid.

"Don't you turn on the air conditioning at night?"

Wang Duoyu asked with a smile.

"It's open, but it's still very cold. We weren't always at home; we even went to the BJ pedestrian street."

"Oh, is the pedestrian street fun?"

"It's so much fun! Dad, let's go again sometime, okay?"

When the word "play" was mentioned, Wang Yifei became very happy, her eyes widening in excitement.

The second and third brothers, along with Li Rongrong and the other children, also came over, chattering and suggesting where to go and what activities to do, leaving Wang Duoyu completely unable to get a word in edgewise.

Just then, Liu Xiaoli couldn't help but recite a sentence:
"Playing, playing, all you do is play, you don't need to study anymore, huh? Learn from your older brother."

In this family, Wang Junhong is a role model for all the children because he is not only talented but also very self-disciplined and hardworking.

Compared to Wang Junhong, the second oldest and his friends paled in comparison.

"Mom, I've already finished reading the Four Great Classical Novels and half of the Twenty-Four Histories."

As soon as Wang Junkang spoke, Li Rongrong and the others echoed him, and Wang Junan even shamelessly said:
"Yes, I've finished reading it too, and there's not a single question in 'Journey to the West' that I don't know."

Hearing his second brother say this, Wang Duoyu couldn't help but ask:

"Really, second brother? Then let Dad test you: How many hairs does Sun Wukong have? How do you recite the Tightening-Headband Mantra? What are the names of the 100,000 heavenly soldiers and generals?"

Upon hearing this, the whole family stared at Wang Jun'an, waiting for his reply.

But how would the little guy know how to answer these questions?

Before he could speak, Wang Duoyu continued with a smile and asked:
"Was the Bull Demon King's father a water buffalo or a yellow ox? How many times did Sun Wukong call him 'Master'? What was in the load that Sha Wujing carried? Did the heavenly soldiers guarding the South Heavenly Gate work in two or three shifts? Is there chicken essence in Journey to the West? Is it delicious? Is the electricity generated by the Thunder God and Lightning Goddess 380 volts or 220 volts?"

hiss!
As Wang Duoyu continued to throw out questions, Liu Xiaoli and the others stared wide-eyed, while Wang Jun'an was equally dumbfounded, having no idea how to answer them.

Suddenly, Wang Junhong couldn't help but ask:
"Dad, do you know how to answer these questions?"

"Don't I often play riddles with you guys? How do you think these questions should be answered?"

"Dad, I know, Sun Wukong is covered in fur!"

Wang Yifei immediately spoke up loudly, but when her mother asked her how to answer other questions, she got stuck again.

Wang Yifei looked bewildered.

Not only her, but even Wang Junhong was frowning and thinking, but he didn't know how to answer his father's questions.

Because every question his father asked was extremely tricky. For example, who would pay attention to the question of how many times Sun Wukong called him "Master"?

At this moment, Wang Junhong was mentally flipping through the book "Journey to the West," trying to figure out exactly how many times Sun Wukong called him "Master."

After all, he has an amazing memory; he did indeed memorize the entire text of "Journey to the West" and had also watched the TV series.

However, no matter how amazing his memory was, figuring out exactly how many times he called "master" in a short time would be as difficult as climbing to the sky.

The living room was quiet, a stark contrast to the lively chatter that had just filled the room.

Liu Xiaoli then spoke:

"Second brother, third brother, do you understand now?"

"Your father's meaning is simple: he wants you not to be arrogant or complacent. Journey to the West is one of the Four Great Classical Novels, and very few people dare to say they fully understand it. So you must never speak so confidently in the future."

The couple knows how to educate their children. They may not be willing to listen to these grand principles, but they have to tell them.

Even if you become friends with your children, you can't just indulge them all the time. When it's time to educate them, you still need to educate them properly.

Wang Duoyu remained silent, letting Liu Xiaoli do as she pleased; at this moment, he was better suited to be a background character.

The joyful New Year's Day holiday flew by, and before we knew it, it was the 3rd. Wang Duoyu took Liu Xiaoli and the others south to Guangzhou.

This time, Wang Junhong didn't go along either, because they had a test to do.

The training team has been constantly testing themselves, especially now that final exams are approaching, everyone is working even harder.

After the Spring Festival, the International Mathematical Olympiad will officially begin, starting in late February and continuing through the national competition in April. In July, participants will represent the country and compete against mathematical geniuses from other countries around the world.

Of course, before that, they will also go through a competition that is even more difficult than the National Mathematical Olympiad, which is a college entrance examination competition.

If I can pass this competition, I can become Wang Duoyu's student.

In fact, Wang Duoyu only recruits master's or doctoral students, and does not recruit undergraduate students, let alone those with less than an undergraduate degree.

But this time is different. Wang Duoyu is willing to give those geniuses a chance. If they pass, they can stay.

On the other hand, Wang Duoyu also hopes to use this opportunity to keep more mathematical geniuses at Harbin Institute of Technology.

Because Wang Duoyu didn't trust the teaching standards of other schools, he naturally preferred to keep the best students at Harbin Institute of Technology so that Harbin could remain a global center for mathematics.

On the evening of the 3rd, as soon as Wang Junhong stepped out of the classroom, Zhao Jice caught up with him:

"Junhong, I want to ask you a question. Has your father told you when the report on the proof of the Hodge conjecture will be held?"

"He didn't tell me, but judging from the timeline, it will be announced either before or after the Spring Festival, right?"

Wang Junhong responded, but he wasn't really concerned about it. However, Zhao Jice, Li Changfu, and Peng Fuli were quite curious about it and kept asking questions.

In their spare time, these mathematical geniuses also read the proof papers of the Hodge conjecture, but unfortunately, their foundation was still too weak, and they couldn't understand them at all.

Without a certain level of expertise, it's impossible to understand what the Hodge conjecture proof paper is actually about.

However, this level is already close to that of a top mathematician. It requires not only talent, but also hard work and the accumulation of time.

After all, not all geniuses are named Wang Duoyu.

"Ah, I thought you would know."

Zhao Jice and his colleagues could not hide their disappointment, but they quickly changed the subject and did not continue to watch the report meeting.

As soon as Wang Duoyu's plane landed at Guangzhou Baiyun International Airport, Wang Yifei and the other children immediately started introducing things to Wang Duoyu like little tour guides.

Compared to before, Baiyun Airport is indeed much larger now.

As Guangzhou's development accelerates, the number of passengers at Baiyun Airport is also increasing year by year.

Five or six years ago, the Civil Aviation Administration gradually established local airlines, with China Northern Airlines, Xiamen Airlines, China Southern Airlines, and others being established one after another.

At the same time, it also imports aircraft from foreign manufacturers such as Airbus and Boeing, mainly small and medium-sized passenger aircraft such as the A330.

However, the Civil Aviation Administration thought that the development of the domestic aviation industry would not be so fast and the demand for air travel would not be so strong, but they underestimated it.

Taking Guangzhou as an example, in the original timeline, the passenger throughput of Guangzhou Baiyun International Airport in 1991 was 7.44 million.

However, in this time and space, the passenger throughput last year had already exceeded 10 million in November.

The situation at Yanjiagang Airport in Harbin is even more remarkable, with passenger throughput exceeding 20 million last year.

Who can blame them when Harbin is now the number one economic city in China?

Most importantly, it is due to the Want Want Group and the companies under Harbin Institute of Technology, since these two groups of companies have very frequent economic activities.

Take Excellence Technology as an example. This company is unique in the global computer market and is a dominant giant.

Especially in the high-end market, its market share exceeds 65%.

In China, Excellence Technology is also vying for market share in the high-end market with Walsin Technology, a subsidiary of Want Want Group, and is also competing for the mid-to-low-end market. The competition between the two is still very fierce.

As a result, the market is so dynamic, which naturally leads to more frequent economic activities.

With increased economic activity, travel demand will naturally increase as well.

Harbin Institute of Technology has a vast number of affiliated companies, and the Want Want Group has the same number of subsidiaries.

Both companies are giants with annual revenues exceeding 30 billion US dollars, so it's normal for them to contribute such a large amount of passenger traffic.

Moreover, Want Want Group has also recruited many engineers, professors, and technical experts from Moscow.

In many residential areas on the outskirts of Harbin, you can easily find foreign communities where several thousand people live together.

"Sisi, Rongrong, Xiaoning, you are all wonderful."

While the little ones were introducing themselves, Wang Duoyu would also offer a few words of encouragement, which made them speak even more enthusiastically.

The car slowly drove out of the airport, and not far away, excavators were making a 'bang bang bang' sound, clearly indicating that a new airport expressway was under construction.

The infrastructure development in Guangzhou is quite good, much better than in the original timeline.

Wang Duoyu was quite pleased to see this scene, after all, he had some influence on it.

After returning to their villa on Ersha Island in Tianhe District, Wang Yifei and the other kids completely let loose.

Because Yabofein and his team are still in Moscow, this year-end summary meeting will be postponed by two days.

Wang Duoyu thought these two days would be a time to relax, but after lunch on the 5th, Liu Xiaoli was checking homework when she saw a workbook that hadn't been written at all, and she immediately got angry.

Not only did the second child not finish his homework, but the third child and Xixi also didn't do it.

After arriving in Guangzhou, they played all the time and didn't have time to do their homework at all.

Although Wang Yifei and her friends are smarter than other children their age, that's no excuse for them to be lazy.

Today is Sunday, and tomorrow is Monday. Li Rongrong, Wang Junan, and Lu Yuening need to go back to Bingcheng tomorrow to take their final exams this week.

Liu Xiaoli was very angry, but Wang Duoyu stopped her when he saw this.

"Don't be angry, I have a suggestion for you: let them complete their homework on their own."

"You probably remember how flight attendants serve meals and other services to passengers on the plane, right? Imitate their tone and offer these children four set meals."

Hearing this, Liu Xiaoli was still angry, but her curiosity was also piqued:

"What set meal?"

Wang Duoyu said with a smile:
You can tell the children: I'm very angry to serve you.

puff!
Before she could finish speaking, Liu Xiaoli burst into laughter, unable to hold it in any longer.

Normally, you would say "It's a pleasure to serve you," but Wang Duoyu said "I'm very angry to serve you," which was hilarious.

"You can offer four package options for the children. Package One: 'Wishing Your Son to Become a Dragon' Whip"

Haha!

When Liu Xiaoli heard the name of the first meal package, she smiled even more happily.

"Package Two: Stir-fried Shredded Pork with a Clothes Hanger; Package Three: Repentance and Repentance; Package Four: Standing Out from the Crowd with a Stick."

So this afternoon, the house became very quiet before the children went to catch their flight.

At four o'clock in the afternoon, Liu Xiaoli took her second child and the others to the airport, leaving Wang Yifei and the other little ones who didn't need to go to school at home.

Without Liu Xiaoli's supervision, Wang Duoyu was busy with his own work, and Wang Yifei, Li Qizheng, Lu Chengwu and the other kids immediately let loose and cheered.

The kids were especially excited when Zheng Baoyin and Wang Jianchao returned to Guangzhou in the afternoon.

Because there were more little ones, Zheng Baoyin and his group also brought several children who didn't need to go to school, and they all came over to play with Wang Yifei and the others, making it even more lively.

No matter how happy the little ones were, Wang Duoyu held a meeting the next day.

The meeting room for this year's summary meeting is the same as last year's.

After Zheng Baoyin, who was acting as the guest host, finished his opening remarks, Qu Haiping, the first person to give a report, officially began.

"Dear Professor Wang, and fellow colleagues, the company I was in charge of, Xibeier Women's Clothing, was established in 1991."

The Want Want Group now has a growing number of senior executives, but just like last year, the summary meeting was divided into two sessions, one in the morning and one in the afternoon, so there was still plenty of time.

Xibeier Women's Wear's revenue in the domestic market was 203 million yuan, a 100% increase over last year, which is an astonishing growth rate.

In the global market, total overseas revenue was $520 million, a decrease of $70 million from last year.

"The shrinkage in the Japanese market is alarming. Even with the support of the European and American markets, our revenue in overseas markets has still declined."

Upon hearing this, everyone couldn't help but show expressions of regret.

But there's nothing that can be done about it. Japan is the world's second-largest economy after the United States, and the sluggish Japanese economy will naturally affect the decline in revenue for Xibeier women's clothing.

So now we need to look at the Chinese domestic market.

"Our financial division's profit is $64 million. That concludes our revenue and plans for this year at Hibel Women's Wear. Thank you."

clap clap clap!
Regardless, after Qu Haiping finished his report, everyone responded with enthusiastic applause.

Next, it was Xue Lisheng, the head of the Brabus watch factory, who gave his report.

Unlike the women's clothing brand, Hibel, the Brabus watch factory is involved in the luxury goods business, such as the luxury watch brand Denon that it previously launched!
This watch performed reasonably well in major markets around the world throughout last year.

Although it wasn't particularly amazing, it was exceptionally popular with the market.

As a result of its emergence, Brabus watch factory's revenue in overseas global markets reached US$160 million, which is a very good breakthrough.

Revenue in the domestic market was RMB 138 million, with a very slow growth rate.

In addition, the financial sector also made a profit of $54 million, a figure that surprised Wang Duoyu.

Last year, the ruble depreciated very rapidly, and many financial companies and financial departments under the Want Want Group took action in the international foreign exchange market.

I didn't expect Brabus watch factory to make so much profit, it's really impressive.

Next up was Liang Shengzhi, head of the Muscle Shark sports brand. The company's total revenue was $167 million, an increase of $50 million from 1990, which is quite impressive.

Currently, the Muscle Shark brand has not yet entered the Chinese domestic market; it is still only expanding in the global market. After all, it is just a niche brand.

The financial sector was also very profitable, with a profit of 78 million US dollars. Wang Duoyu even praised Liang Shengzhi.

clap clap clap!
After the applause ended, Wen Shixuan spoke:

"Dear Professor Wang, colleagues, this is Red Star Group."

While others operate as companies, Wen Shixuan oversees the business of a conglomerate. Currently, the Hongxing Group not only owns steel mills and chemical plants across various regions, but also several large crude oil storage warehouses, holding vast quantities of petroleum. In 1991, the Hongxing Group obtained 246 patents covering new technologies in steel, materials, and other fields.

The reason for such a big breakthrough is that we have upgraded our equipment.

Back in January 1990, Wang Duoyu had already stated that he would invest 1 billion RMB in the Red Star Group every year, all of which would be used for research and development in steel, materials, and other technologies.

On the other hand, Red Star Group has also recruited a large number of technical experts and professors, and has also cooperated with institutions such as the Magic Research Institute.

Red Star Group has no shortage of talent or funds.

Therefore, the company's patented technologies experienced a period of explosive growth.

clap clap clap!
Everyone was delighted to hear this, especially Wang Duoyu, who couldn't help but praise:
"Old Wen, I knew you guys could do it. Two hundred and forty-six patented technologies—that's extremely important to our group."

"If you have any new projects that need funding this year, just let me know. As long as you can produce results, I will continue to increase my investment."

Wen Shixuan was very happy, but it seemed that he hadn't even reported on the profits of the Red Star Group yet.

It's clear that Wang Duoyu doesn't care about the profits of the Red Star Group at all.

After all, even if Red Star Group is very profitable, can it really make a profit of one billion yuan every year?

In fact, in 1991, the Red Star Group's profit was only 208 million yuan, which sounds impressive, but in reality it was quite ordinary.

After all, the profits of the Brabus watch factory and other companies were not low. Well, that includes the profits of the financial sector, of course.

Then it was Qiao Hanliang, the person in charge of the Motong Toys factory, who gave his report.

In 1991, this company's total revenue in overseas global markets was US$1.66 billion, a figure that surprised many.

Isn't it said that Japan's economy is sluggish?

Logically speaking, everyone should be in the same boat, but unexpectedly, the revenue of the Magic Child Toy Factory has increased significantly compared to 1990.

The previous year's revenue was $1.49 billion, while the revenue in 1991 was $1.66 billion, an increase of $170 million, which is no small amount.

However, when Qiao Hanliang mentioned the growth performance of the European and American markets, everyone realized that even if toys perform only moderately in the Japanese market, they still perform very well in other global markets.

"Wow, I really didn't expect that pairing toys with movies could make your toys sell so well? The Transformers and dinosaur series toys must be selling like hotcakes, right?"

Zheng Baoyin took a breath and asked in surprise.

Qiao Hanliang nodded and said:

"Yes, throughout the year, especially in December, our Motong Toys factory's market performance was indeed quite strong, most likely due to Christmas and the New Year."

"Total revenue in the domestic market was 890 million yuan, while the profit of the financial sector was 93 million US dollars."

clap clap clap!
Everyone applauded; the performance of the Magic Child Toy Factory was indeed excellent.

After the applause subsided, it was Reinhard Monroe, the head of quantum technology, who gave his report.

Quantum Technologies is a financial company, but in terms of both corporate size and annual revenue, it is not as large as its subsidiary, Daimler-Benz.

The profit in 1991 was $590 million, $170 million less than the previous year.

Although the devaluation of the ruble presented a significant opportunity, quantum technology failed to generate substantial profits.

Daimler-Benz's annual revenue was $11.2 billion, an increase of over 10%, which is excellent revenue growth. Its profit was $2.08 billion, which is also very good.

clap clap clap!
People are not surprised by the profits in quantum technology, after all, it is a financial company, and O'Brien and his team have two conference calls a week, so they naturally talk about these things.

On the contrary, Daimler-Benz's revenue has exceeded 10 billion US dollars. So, after a while, wouldn't it be better to let its head enter the management team?
However, this matter depends on Wang Duoyu's wishes; it's not something they can decide.

Next, it was the turn of Yabo Fein, the head of Shuncai Fund, to give a report.

Their Shun Chai Foundation's total profit for the entire year of 1991 was US$520 million, which is also nothing to mention.

On the contrary, its subsidiary BMW achieved a total annual revenue of $7.8 billion and a profit of $1.3 billion.

Although it has fallen behind Daimler-Benz, this is quite significant because Mercedes-Benz has not only passenger cars but also products such as large trucks.

After the applause, it was Zhou Qirui, head of Fidelity Capital,'s turn.

"Dear Professor Wang, and fellow colleagues, this is Fidelity Capital."

On the side, Lin Zhenwei and Shao Licheng looked at Zhou Qirui with envy, because the latter was in charge of Fidelity Capital, which owned an Audi car company.

Although they are all financial companies, the gap between them has already widened considerably.

Fidelity Capital also achieved an outstanding annual profit of $880 million, earning applause from everyone.

However, Audi's global annual revenue is $6.2 billion, which is only about half of Daimler-Benz's, and it is also far behind BMW.

Surprisingly, profits were still maintained at $980 million.

Upon hearing this, Wang Duoyu couldn't help but say:

"Mr. Zhou, please remind Mainschneider not to focus solely on profits, but to prioritize revenue growth. He also needs to develop a sound brand strategy; this is a top-tier luxury car brand, not a second-tier one."

Audi's revenue to profit ratio is indeed much stronger than that of Daimler-Benz and BMW.

In Wang Duoyu's view, this was definitely due to cost reduction and efficiency improvement in materials and other aspects.

He had to give them a good talking-to, lest they ruin the Audi brand.

For a company, profit is very important, but long-term development is even more important. It cannot just focus on short-term gains.

If that's the case, then it's short-sighted.

"Okay, Professor Wang, I know what to do. I'll keep a close eye on them."

Zhou Qirui quickly and earnestly replied.

Next up was Wei Ruolai, the head of the Yuebu brand. Their company has consistently ranked first in the global sports brand rankings for the past few years.

In 1991, the global annual revenue reached a staggering $2.83 billion, while profits did not increase much, amounting to only $1.26 billion.

Both revenue and profit have increased compared to 1990.

Maintaining growth would be quite an achievement, considering the Japanese market has shrunk.
The reason why the leaping movement has been able to maintain its growth is also because Wei Ruolai is conscientious, responsible, insightful, and skillful.

clap clap clap!
Inside the meeting room, everyone congratulated and praised Wei Ruolai for the work data he reported.

Then it was the turn of Tong Zhigang, the head of Facebook.

In the past 91 years, many things have happened around the world, and Facebook has seized this wave of traffic, especially the outbreak of the Gulf War, which made Facebook famous overnight.

Their star reporter, Bolton Frank, has repeatedly sent back exclusive reports from the Middle East, featuring not only clear video footage but also a lot of explosive news.

As a result, Facebook's portal website has long surpassed 10 million daily visits, making it the undisputed number one internet company in the world today.

"Total revenue for the year reached $760 million."

"However, as a result, Facebook has received many acquisition offers from major companies, as well as numerous investment applications."

No one was surprised to hear what Tong Zhigang said.

Given Facebook's strong performance, the most frightening thing would be if it didn't receive offers from those tech giants.

Wang Duoyu said:

"We will stick to our previous strategy. We don't need any foreign investment before our Series D funding round; we can absorb it internally."

"We'll see how to 'allocate' the funds when we get to Series D funding. There's no need to rush right now; we can just politely decline their offers and avoid offending them."

Investors are kings, but that applies to garage-based companies. For Facebook, which has already become an industry giant, it has enough say and doesn't need to worry about going head-to-head with other giants.

clap clap clap!
After Tong Zhigang finished his report, it was Wang Lichuan, the head of Amazon,'s turn.

Although this company is also an internet company, its logistics subsidiary is a source of fear for many investors.

That's absolutely out of the ordinary, that's a damn bad idea.

Many investors don't understand why the internet industry isn't supposed to be a high-return business with a lean and efficient approach.
How did Amazon become a capital-intensive internet company?

The initial investment was so high that many investors turned away without looking back when they saw Amazon.

The investment is too large, and the return on investment is not visible, so there is no one willing to invest!

In January of last year, Wang Lichuan reported that the losses in 1990 amounted to a staggering $2.6 billion.

By 1991, Amazon's online shopping platform had reached $500 million in transaction volume, and there were many, many more people willing to shop online.

As a result, Amazon's revenue finally surpassed 30 million US dollars, which is a very good start.

However, the losses still reached $1.5 billion. Who can blame them when this company has so many heavy assets?
clap clap clap!
Zheng Baoyin smiled and said:

"Although you have suffered significant losses, I believe your future is limitless."

"OK, next up is our Yuma Apparel Brand Company. Our total revenue from overseas markets is $2.46 billion, compared to..."

Revenue figures have increased; there's no reason why the sluggish Japanese economy shouldn't have affected Yuma Apparel Brand Company.

In fact, it does have an impact, but it is a positive one, not a negative one.

After the collapse of Japan's bubble economy, many ordinary Japanese people began to cut back on food and clothing.

But no matter what, life goes on.

Yuma clothing is an affordable product, making it the first choice for many ordinary people.

Many urban women who used to choose luxury or accessible luxury brands are now gradually opting for Yuma clothing.

As the market began to shift downwards, the result was that Yuma Apparel's revenue not only did not decline, but actually increased slightly.

Of course, Yuma Apparel's significant revenue growth is also due to the combined efforts of other markets around the world.

On the other hand, it is also due to the continuous depreciation of the US dollar, which is also closely related to the super dollar.

Originally, it was just the Federal Reserve that was massively injecting liquidity, but now there's another super dollar factory. Although it only prints tens of billions of dollars a year, which may not seem like much, its impact on the global economy is still significant.

The Federal Reserve, in particular, is simultaneously eliminating super-powerful money factories, developing new anti-counterfeiting technologies, and accelerating the printing of banknotes.

"Profits totaled $1.18 billion. The financial sector's profits were $280 million."

hiss!
Upon hearing this, everyone gasped in shock.

Is Yuma Apparel's financial department really that aggressive?
A profit of 180 million US dollars is almost equivalent to the annual profit of some small financial companies.

terrible!

clap clap clap!
Everyone applauded in unison. With such high profits, everyone wondered if Wang Duoyu had given Zheng Baoyin special treatment.

We'll be able to draw a conclusion about this speculation after seeing Wang Jianchao's report later.

After all, Wang Duoyu treated Zheng Baoyin and Wang Jianchao with great favor, so it's really hard to say.

As the applause subsided, Wang Jianchao began his report:
"Uncle Nine, colleagues, our Pandora brand revenue surpassed three billion US dollars in 1991, and profits also rose to eighteen billion US dollars."

O'Brien, Lee Evra, Yabo Fein, and others were all dumbfounded. Another rise?

Unlike Yuma Apparel, Pandora is a luxury brand. With the decline of the Japanese economy, the number of consumers worldwide who can afford luxury goods has definitely decreased significantly.

So where do all these people come from to consume luxury goods?
The truth was quickly revealed: it was the Moscow market!
Wang Jianchao's approach can be described as unconventional yet ambitious; he actually went directly to Moscow and opened five luxury stores: two in Moscow, two in St. Petersburg, and one in Yekaterinburg.

Everyone in the conference room knew that Pandora had a store in Moscow, but they all thought the revenue wasn't great.

After all, it's a fact that Moscow is poor.

Unexpectedly, there were over a million Moscow nobles whose spending power was truly astounding.

It not only offset the decline in revenue in the Japanese market, but also significantly boosted it.

It's worth noting that in 1990, Pandora's annual revenue was $2.7 billion, which was still far from $3 billion.

To catch up in one year, that's awesome!
As everyone applauded, they were also pondering a question: should they begin their foray into the Moscow market after the meeting?
This is a big deal!

Who wouldn't want to generate more revenue?
"Our financial sector's profits are $117 million."

clap clap clap!
It's basically confirmed!

It must be that Wang Duoyu gave Wang Jianchao and Zheng Baoyin special treatment. Otherwise, Pandora's financial division only made a profit of 36 million US dollars two years ago, but this year it has jumped to 117 million US dollars, which is really a very high figure.

Everyone was envious, but no one had any other thoughts.

Why? Because Zheng Baoyin and Wang Jianchao are Wang Duoyu's closest relatives.

As for Xue Lisheng, Wang Meili, and Wang Meihe, they are all Wang Duoyu's relatives, yet they are treated differently. This is a matter of individual ability.

Xue Lisheng focuses more on the domestic market, while Wang Meili and Wang Meihe are in charge of Maple Leaf Holdings Group, which is also quite demanding.

"Now, please welcome Mr. Yu, the head of Huaxin Technology Company, to speak. Let's give him a round of applause."

As the host, Zheng Baoyin, spoke, everyone applauded again.

Yu Ke-xue was in charge of Walsin Technology, which was the highest-grossing company among all the companies under the Want Want Group, without exception.

Daimler-Benz is pretty awesome, right?
However, it is still not enough to compete with Huaxin Technology.

On the other hand, Walsin Technology is the biological son of Want Want Group, which is different from Daimler Benz, which is an adopted son.

"Dear Professor Wang, colleagues, Walsin Technology achieved great success in 1991, with total revenue exceeding 20 billion US dollars, reaching 20.3 billion US dollars."

hiss!
Even Wang Duoyu couldn't help but widen his eyes and take a deep breath at Yu Kexue's words.

That's a whopping 20 billion US dollars! And this company isn't called Walmart; it's actually a computer technology company.

In the original timeline, in 1991, Walmart's revenue exceeded 40 billion US dollars, making it one of the world's largest retail companies.

In 1993, its revenue reached $67.34 billion, surpassing Sears to become the leader in the US retail industry.

And in the following years, it continued its meteoric rise, quickly surpassing the $100 billion revenue mark and becoming the world's leading retailer for many consecutive years, making it a true behemoth.

But in this current timeline, a technology company like Walsin Technology has achieved an annual revenue of $20.3 billion. It's like Qin Shi Huang touching a telephone pole and getting completely overwhelmed by the sheer success!

As Yu Kexue gave his detailed report, everyone gradually understood the situation. Although the revenue in the first half of the year had increased, it was only so-so.

However, in the second half of the year, more and more regions gained independence, such as Azerbaijan, Ukraine, and Belarus.

On the contrary, this led to a gradual increase in Walsin Technology's computer sales.

As Moscow engages more frequently with the outside world, products like computers become increasingly popular locally.

This is one of the drivers of revenue growth.

After all, an Alienware computer costs two or three hundred US dollars, which is still very expensive for many ordinary people in Moscow.

However, for most Moscow nobles or wealthy people, such a price was negligible.

In addition, Walsin Technology's affordable computers have also captured market share in the three major markets of Africa, South Asia, and South America, which is one of the reasons for its rapid revenue growth.

Although Africa, South Asia, and South America are predominantly poor places, there are also quite a few rich people.

High-end computer brands can capture a portion of the market, but affordable computers can do the same.

Of course, Walsin Technology's computer products wouldn't enter the South Asian market by simply opening a branch office there; instead, they would seek out distributors to sell them. (End of Chapter)