Reborn Xiangjiang as a Tycoon

Chapter 612 2079 Corporate Annual Report (7)

Finally, there is the annual report of Asia Star Media Group. The annual report of the entire group is composed of various subsidiaries.

Asia Star Media Group has subsidiaries such as Asia Television, Star Pictures, Star Cinema, Asia Star Records, ATV News, Star Daily, Film Weekly, Star Printing Factory, and Sanwei Bookstore (Publishing House).

Among them, the weekly magazine published by Film Biweekly is related to movies and tends to be artistic, so the sales volume is not very high. Fortunately, the unit price of the magazine is not low, so the company does not make ends meet.

Film Fortnight is still operating the "Asia Golden Dragon Awards", a film award for the Asian region, but it started operating this year in 1980 to collect outstanding films released in Asian countries this year, and then officially organize the awards from the beginning of next year.

Therefore, although the current performance of Film Fortnight is not very good, the company has not made much investment yet, and it is a company that barely balances its income.

However, starting from this year, with the holding of the "Asia Golden Dragon Awards" film festival, the company's expenses will definitely be considerable. After all, whether it is sending employees abroad to collect information on outstanding films or inviting relevant crews to come to Hong Kong to attend the awards ceremony,

It costs money.

Fortunately, the broadcast rights can be sold and some costs can be recovered to some extent, so even if there is a loss, the loss will not be big. In addition, the holding of the film festival is beneficial to the entire media group, so this is a necessary expenditure.

In March 1979, the entire Asia Star Media Group borrowed HKD 500 million from HSBC. The funds were allocated to various subsidiaries below, of which Asia Television naturally accounted for the majority.

Asia Television itself still has a lot of funds left. With the group's capital injection again, the company is not short of money at all. Needless to say, it goes without saying that the equipment such as costumes and props will be upgraded. Even the budget of each TV series is much higher than before.

An increase in budget can improve the quality of TV series.

In this era, the quality of those popular TV series is very high, even more so after you are willing to invest in them.

In this year of 1979, Asia Television has been suppressing TVB in terms of ratings. Most of the time, the ratings ratio is 7:3. There are only a few programs that cannot beat TVB.

A big investment certainly pays off.

However, in the annual report, it was reported that TVB has also begun to increase investment. Now it is found that this trend has already occurred. Lin Baicheng is not surprised by this. After all, Run Run Shaw and others are not stupid. In order to restore the ratings of TVB

Rates definitely make a difference.

Last year in 1979, Asia Television's net profit was HK$31 million, HK$13 million higher than the year before.

Star Pictures, the company shot a total of six movies last year, of which Cheng Long starred in three, and the remaining three starred others.

Two of these six movies have a very good box office, with their local box office in Hong Kong exceeding 6 million Hong Kong dollars, two more films have a box office of more than 4 million Hong Kong dollars, and the remaining two films have a box office of just over 2 million Hong Kong dollars.

However, even with the lowest box office of around 2 million Hong Kong dollars, after deducting the theater chain's share, Star Pictures, which has over 1 million Hong Kong dollars, still makes a profit, but not much.

Of the six films produced by Star Pictures, only the three films starring Cheng Long cost more than 500,000 Hong Kong dollars to shoot. The remaining three films cost only 200,000 to 300,000 Hong Kong dollars. The production cost of a film in this era is normally like this.

.

In 1979, Star Pictures itself had a net profit of 13 million Hong Kong dollars, which was already quite high. It also had to make up for its losses from overseas market revenue and peripheral revenue, otherwise it would not have been able to earn so much money just from the box office share.

of.

In addition to Star Cinema's own production business, the company also has three companies with high stakes, as well as the company's own distribution business. Anyone in the Xiangjiang Film Market who wants to have their film screened in Star Cinema, then the film's distribution

Fang must find Xingchen Pictures, and Xingchen Pictures can use this to earn a distribution fee. This is basically a guaranteed profit without losing money.

Xu's Pictures, New Arts City, Seven Little Fortunes, the first two Star Pictures only hold 20% of the shares, while the latter one holds 51% of the shares. In fact, it can be said that this company is a subsidiary of Star Pictures.

This year, with the support of Star Pictures, Seven Little Blessings Film Company shot four films, while the other two companies only shot two films. It’s not that these two companies don’t have production funds, it’s just because the theatrical release schedule is

It's limited. Movies can't be shot just as you want. Star Pictures supports Seven Little Fortunes to shoot more movies, while the other two companies only have two movie screening quotas.

But even so, the total box office of Seven Little Fortunes, which has made four movies, is only a little higher than that of Hui's Pictures, which has only made two movies. The comedies of the three Xu brothers are still very popular in the market, and people are willing to

Go to the theater and pay the bill.

However, due to the different shareholding ratios, the share that Star Pictures can get from Seven Little Fortunes is much greater than the share that it gets from Xu Films. After all, one company can get 51% of the share, but the other can only get 51% of the share.

You can get 20% share.

7.5 million Hong Kong dollars, this is the profit share that Star Pictures can get from the three participating companies. However, for the development of the three companies, all profits will definitely not be taken away. This is just reflected in the data when the annual report is compiled.

18 million Hong Kong dollars, this is the net profit of Star Pictures in 1979 after deducting various expenses. It can be said to be quite good.

Star Cinema currently has a total of 32 cinemas in Hong Kong. The company will no longer expand in terms of cinemas in the short term. The theater chain basically covers areas with a large population and economically developed areas in Hong Kong. Any future expansion will only have to wait a few years.

When the economy develops and it is determined that building a theater in a certain area can ensure profits, then the theater will be continued to be built.

To put it bluntly, the current 32 cinemas of Star Cinema are enough to cover the entire area of ​​Hong Kong.

The total box office of the Xiangjiang Film Market last year was higher than the year before. As a theater chain that makes money by sharing box office, Star Cinema's revenue and profit last year were naturally higher than the year before.

Star Cinema's net profit was about HK$12 million the year before last, but its net profit last year was HK$25.5 million, more than doubling the growth rate.

This is not because the total box office of the movie market last year was more than double the total box office of the previous year. There are three main reasons. First, the total box office of the movie market has indeed increased; second, last year, there were not 20 or 30 theaters at the beginning of last year.

The third one is the claw machine placed in the cinema, and the arcade machine also provides some profits for the cinema.

Next is Asia Star Records. The record company has promoted several new singers last year, such as Zhang Guorong, and the company has also recruited top-tier singers to join them. Therefore, the record company's development is pretty good.

However, last year when record companies were poaching top-tier singers, they had to pay a price, so they invested a lot of money, which affected the company's profits last year.

7 million Hong Kong dollars, this is the net profit of Asia Star Records last year. Compared with the net profit of its peer Polygram Hong Kong, which is at least 20 to 30 million Hong Kong dollars, it is really not high at all.

Fortunately, companies have grown from small to large. Asia Star Records has the support of the entire Asia Star Media Group, and its development speed has always been very fast. Therefore, there is no need to worry about not being able to compare with the previous industry leaders, or even surpassing it in a few years.

PolyGram.

ATV News, a newspaper specializing in entertainment news, has received the resources of the entire group. It can interview actors affiliated with the TV station and some exclusive news, so it can be said to be developing quite quickly.

Although the current scale of ATV News has not reached the level of daily sales exceeding 100,000 copies, it has also exceeded 50,000 copies. The performance can be said to be quite good.

The performance of Star Daily, which is also a newspaper, is of course better, with daily sales exceeding 100,000 copies. This result is already the best among Hong Kong newspapers.

Different from ATV News, which is an entertainment newspaper, Star Daily is a comprehensive newspaper, and it is also biased towards business. Because Lin Baicheng has many corporate relationships under his name, he can give priority to reporting some business news, interviewing corporate executives, etc.

Whether it is a commercial newspaper or an entertainment newspaper, once it receives huge support, it will develop very quickly.

Sanwei Bookstore (Publishing House) is engaged in the publishing business of novels. At the same time, the company also has a subsidiary company that specializes in comics. It focuses on the market in Xiangjiang, and the style of painting is biased towards the culture in Xiangjiang.

Xingxing Printing Factory, all the printing business under the group is handed over to this company, such as the printing of newspapers, the printing and publishing of novels, the posters of movies and TV series, etc. Anyway, all printing-related business is handed over to this company.

Not only the printing business under Asia Star Media Group, but also other companies under Lin Baicheng's name, as long as Star Printing takes over, the business will be handed over to this company.

This is the complementary nature of the group. Not only can it do better things for other companies, after all, its own company can do it faster and more confidently, but it can also make some profits by itself. The left hand is the right hand.

80 million Hong Kong dollars, this is the net profit left after the annual reports of the various subsidiaries of Asia Star Media Group are merged, and the group deducts various expenses.

In 1979, the annual net profit of 80 million Hong Kong dollars was certainly incomparable to that of Galaxy Games, Xingyue Electronics, Hutchison Whampoa, etc. under the name of Lin Baicheng. However, as far as Asia Star Media Group itself is concerned, this annual report performance is already considerable.

Not bad.

Asia Star Media Group's investment will be relatively small, and the publicity attribute of the media is very important. Even if it does not make money, Lin Baicheng still has to hold it in his hands, not to mention that the group itself can make a lot of money for Lin Baicheng every year.

After reading the annual report of Asia Star Media Group, Lin Baicheng had finished reading the annual report of the company in Hong Kong. He still had the annual report of the company in Japan to read.

Let’s not talk about Lin Baicheng’s companies in Japan and the subsidiaries of other companies in Japan. After all, the annual reports of the subsidiaries are already reflected in the annual reports of the parent companies of the relevant companies.

Bailong Commercial Co., Ltd., Zhiyin Comics Publishing Co., Ltd., Baihuifeng Co., Ltd., and Lin Baicheng still have only three companies in Japan.

The first is Zhiyin Comics, which is solely owned by Lin Baicheng. The year before last, due to the company's aggressive expansion, the company was unable to make ends meet, with some revenue, not to mention profits.

Last year, Zhiyin Comics still expanded in the channel area, but the investment was not as large as the year before. In addition, the entire channel was generally stable last year, and the benefits brought by the Xingyue console sales, so the company even added

The investment in channel expansion is still profitable.

2.4 billion yen, this is the net profit of Zhiyin Comics last year.

2.4 billion yen, converted into Hong Kong dollars, is 48 million Hong Kong dollars. If converted into US dollars, there is only a little over 10 million US dollars left.

The reason why Zhiyin Comics was able to achieve such high profits last year was mainly due to the US$20 million in revenue from the sale of the Xingyue console. In addition, the company's own comic performance was good. After deducting the main channel expansion expenses, it finally returned

This leaves a net profit of 2.4 billion yen.

In terms of comics, Zhiyin Comics can bring more than 10 million Hong Kong dollars in profits to the company this year, which can be said to be quite good. Lin Baicheng is still satisfied with this. As for the profit sharing of the Xingyue console, there is no need to talk about it.

After all, it was arranged by Lin Baicheng personally, and it was not business obtained by company executives from other companies.

Baihuifeng Co., Ltd. is much better than the year before, but the company's profit last year was not that good either.

In the artist business, Matsuda Seiko has just started to develop and has not yet become popular. The others are even newer, and the record and production business have not made much progress. Fortunately, the company can support itself and will not let the bosses subsidize money.

It would be nice to do this.

Lin Baicheng is not familiar with the entertainment industry in Japan, so the development of Baihuifeng Co., Ltd. can only rely on the company's management and Yamaguchi Momoe's own efforts in the future. The only help Lin Baicheng can provide is to carry out operations when the company is short of money.

Inject capital to prevent the company from dying.

Lin Baicheng didn't care about the performance of Baihuifeng Co., Ltd. Even if the company lost money every year, as long as the losses every year were not too outrageous, he would be willing to foot the bill, just because of those beauties.

Finally, there is Bailong Commercial Co., Ltd. with the largest assets.

The company was still investing at the beginning last year. Lin Baicheng used the company's funds to go long gold futures. In October, the settlement was completed, making a profit of US$528 million. Lin Baicheng and Iwasaki Mineryu directly took away US$400 million, leaving only

The company's accounts were left with $128 million in funds.

In this company, Lin Baicheng and Iwasaki Mineryu each invested US$100 million. Counting the remaining US$100 million in investment profits and the US$150 million the company borrowed from banks, the company's total capital investment is nearly US$500 million.

into the real estate industry.

At present, the company's real estate business is developing quite well. It has accumulated a lot of land and developed several plots. One of the plots was sold after the residential development was completed. Therefore, the company has revenue and profit.

However, compared to the company's huge investment, those revenue profits are nothing at all.

Revenue and profit are difficult to calculate because many lands are not sold regardless of whether they are developed or not. On the contrary, net assets are easier to calculate.

After the land is developed, whether it is sold or not, the value will definitely increase. In addition, Japan's real estate industry is recovering, so the company's asset size has increased, reaching nearly 600 million US dollars.

The increase is not too much, the main reason is that there is not enough land development. As more and more land is developed and the value of real estate continues to increase, the company's net assets will continue to increase.

(End of chapter)