novelslam Chapter 447 10-Year Year-End Summary
Chapter 447 10-Year Year-End Summary
July 20nd, Thursday, 9:00 AM.
The year-end summary meeting of Chenxi Group was held in the top-floor conference room.
Zhao Qi was the first to arrive.
She connected her laptop to the projector, opened a PowerPoint presentation, and the cover page read "Chenxi Group 2010 Annual Summary Meeting".
Zhang Xinyu followed closely behind, placing a stack of bound meeting agendas in front of each seat.
The heads of the various subsidiaries entered the conference room one after another.
At 9:15, Fu Yibai pushed open the door and entered the conference room.
Everyone stood up at the same time.
"sit."
Fu Yibai sat down in the main seat, his gaze sweeping from the left to the right of the long table.
Zhao Qi sat to his left, Wang Peng to his right, and the others were arranged in order of their respective subsidiaries.
Zhang Xinyu sat down to his side and behind him, and opened her laptop to take meeting notes.
"Let's begin."
Zhao Qi stood up, walked to the projection screen, picked up the remote control, and turned to the first page.
"Chenxi Group's total revenue data for 2010".
A bar chart popped up on the screen, with several bars so tall they almost broke through the top of the chart.
"The group's total revenue for the year exceeded RMB 41 billion, and its net profit was RMB 11.5 billion."
Revenue increased by 82% year-on-year, and net profit increased by 67% year-on-year.
There was a moment of silence in the conference room.
"Now, each company can begin its report."
First, it was General Manager Wang.
Wang Peng nodded and opened the folder in front of him.
"In the film and television production sector, Chenxi Media invested in or co-invested in eleven films, four TV series, and six web series throughout the year."
Total revenue was 93.75 billion yuan, and net profit was 49.66 billion yuan.
Among them, Pacific Rim...
After Wang Peng finished his report, a burst of enthusiastic applause rang out in the meeting room.
After the applause subsided, Zhao Qi gestured for Lin Wei to report.
"In the artist management sector, Morningstar Artist Management Company's market value has remained stable at over HK$30 billion since its listing."
Total revenue from artist endorsements, commercial performances, and film/TV appearances exceeded 3.5 billion yuan for the year, with a net profit of 1.3 billion yuan.
.........
"Xingmeng Digital Entertainment was listed on the Shenzhen Stock Exchange's ChiNext board last October. Its market value exceeded 30 billion yuan on the first day and is currently stable at around 45 billion yuan."
Annual revenue exceeded 11 billion yuan, with a net profit of 4.5 billion yuan.
Among them, League of Legends generated over 7 billion RMB in revenue throughout the year, PUBG surpassed 2 billion RMB in revenue within three months of its public beta launch, and Three Kingdoms Kill consistently contributed 1.5 billion RMB.
…………
"Star Technology, Nebula X2's annual shipments exceeded eight million units, with revenue of 5.8 billion and net profit of 1.2 billion."
Engineering prototypes of the Nebula Pad and Nebula Watch have passed testing and are expected to be released in the first and second quarters of this year, respectively.
The Xingyao sub-brand plan has been approved, and the first product is expected to launch in the second quarter of this year.
…………
The heads of each company gave their reports in turn.
This year, all subsidiaries of the Morning Light Group have performed exceptionally well. Even Nebula Video, which had been losing money for years, has turned a profit this year, earning over 100 million yuan.
Zhao Qi closed the PowerPoint presentation, and the logo of Chenxi Group reappeared on the screen.
The meeting room fell silent, and everyone looked at Fu Yibai.
"Clap clap clap!"
Fu Yibai took the lead in applauding.
Loud applause echoed throughout the conference room.
As the applause subsided, Fu Yibai began to summarize.
"41 billion."
At this time last year, our annual revenue was 22 billion.
In one year, it doubled.
"Every sector, every company, is making money."
And it's not just making small profits, it's making big profits.
He stood up, walked to the projection screen, and turned to face everyone.
"Some of you here today have been with me for eight years, since the early days of Chenxi when it was just a small company with only one floor of office space."
Some joined later, bringing their own teams and projects into the Chenxi system.
Regardless of the order in which you did it, you have all proven one thing.
I made the right decision to entrust this matter to you.
"Thank you all for your hard work."
"Next, I'll talk about some key matters for this year."
"Xu, Xinghe Cinemas, once you get back, start the listing process."
The target is the Hong Kong Stock Exchange, with a target date set for the end of this year or the beginning of next year.
Galaxy Cinema is now the third largest cinema chain in China. With its IPO, its financing channels will open up, allowing for even faster expansion of its screens.
Xu Liang quickly took notes in his notebook.
"Mr. Chen, you're the same at Morning Light Music."
This year, preparations for listing have begun, with the target being the Shenzhen Stock Exchange's ChiNext board.
The digital music market still has significant growth potential, and Morning Music's profitability and brand value have already met the listing requirements.
Chen Mo nodded.
"Mr. Liu, Xingchen Technology, once the Nebula Pad and Nebula Watch are launched and the product line is stable, we will also start the listing process."
President Zhao coordinated the listing preparations for these three companies.
The group has experienced and well-established teams in securities firms, auditing, and legal departments, so we can directly connect with them.
Zhao Qi made a note in her notebook.
"Although Xingmeng Digital Entertainment and Chenxi Artist Management have already gone public, going public is not the end, but the beginning."
"President Lin, President Liu, the burden on your shoulders is no lighter than it was before the IPO."
Lin Wei and Liu Yongqiang nodded at the same time.
Fu Yibai picked up his teacup and raised it to everyone.
"Let's toast with tea instead of wine. To everyone, and to this year."
Everyone stood up at the same time, picking up their water cups and thermos cups.
After the meeting, the heads of the various subsidiaries left the meeting room one after another.