Chapter 528 Year-End Summary Meeting (Please Subscribe)

Wednesday, January 16th.

On the seventh day of the twelfth lunar month, Wanbao Group held a large-scale year-end summary meeting with many participants.

All subsidiaries participated.

The meeting was chaired and convened by Group President Gu Miao, and Group Executive Vice President Zhang Chao summarized and delivered a speech.

The agenda has three main parts.

The first part is naturally the summary. Since it is a year-end summary meeting, each subsidiary and group's subordinate departments must of course summarize the achievements achieved in the past year.

In this segment, the three most eye-catching products are naturally Wanbao Toys, Wanbao Games and Wanbao Animation.

no way!

Wanbao is a company mainly engaged in the ACGN animation industry. Its core business is animation, games and peripheral derivatives. Based on this premise, it is reasonable for the three giants to perform well.

What is surprising is that in the past year, Wanbao Games achieved the highest "net profit margin" in the group with its many popular games.

Of course, it’s just the profit margin.

Because of the special nature of games, although they have maintained a high profit margin, their total profits are not as high as Wanbao Toys.

The company's most profitable subsidiary, the largest employee base, and its annual output value are comparable to those of a large multinational company. Wanbao Toys is the No. 1!

As for Wanbao Animation?

I can’t say that it’s bad, I can only say that last year’s profit situation was not very satisfactory. Mainly relying on "Pokémon", "Yu-Gi-Oh!" and "Fruit Attack" to support the sky.

Gu Miao criticized him by name.

Mainly criticizing Huang Kun, Hou Bin and Guo Hongwei.

The three of them have a large production budget, and although the animation they produced has high ratings, the sales of peripheral derivatives are not very good.

Especially Legend of the Seven Swords.

Guo Hongwei spent a lot of money on this martial arts animation. But judging from the results, apart from the reputation this animation earned for Wanbao Animation, the profit was really not that great.

Someone is holding the company back, I won’t say who it is...

Gu Miao's strange behavior made Guo Hongwei, Huang Kun, Hou Bin and others lower their heads in shame.

Seeing that they had realized their mistake, Gu Miao did not continue. Compared with previous years, Wanbao Animation's profit has declined, which can be regarded as a turning point.

Except for the Big Three...

This year, there is another subsidiary of Wanbao Group that is equally eye-catching. It can even be said that its popularity is not inferior to that of the three giants.

That is Wanbao Park Management Company.

The so-called park management company refers to the operating department of Wanbao·Pleasant Goat Park, including the property management of animation street, comic street and game street.

This subsidiary has achieved amazing results in the past year.

As for the park, it received more than 10 million tourists during the Spring Festival holiday, Golden Week, National Day and other holidays, and a total of 38.5 million tourists were received throughout the year.

Ticket revenue alone reached an unprecedented 317 million yuan.

This is despite the fact that there are often events and tickets are discounted or even "free of charge". If there were no activities, the ticket revenue might more than double.

This is not the point.

Anyone who is not stupid knows that the main income of a large amusement park does not come from ticket prices. Catering, accommodation, amusement facilities and souvenir sales are the bulk of the revenue.

This part of the income reached 1.036 billion yuan in the past year.

"very nice!"

During the meeting, Gu Miao, who seldom praised the park management company, rarely praised the park management company.

With a revenue of more than one billion a year, excluding various operating costs, the annual profit is at least four to five billion. For Wanbao·Pleasant Goat Paradise, this is a good profit performance.

But that's not all yet!

Inside Pleasant Goat Paradise, the three commercial streets intersecting in a "rice" shape, namely Animation Street, Comics Street and Game Street, collected 571 million yuan in shop rent alone in the past year.

"real or fake?"

"Mist grass!"

"Are you kidding me?"

When the person in charge of the park management company read out this data in public at the meeting, almost everyone was stunned.

Damn it!

Who can stay calm after doing nothing for a year and collecting more than 500 million yuan just from rent collection?

"This is real."

Lao Zhang said with a smile: "After reading this financial report the day before yesterday, I also found it incredible. I even went to check it out."

"There are a total of 1,096 shops for rent on the three streets. Due to the different area of ​​the lot, the average annual rent ranges from 300,000 to 1 million."

"The rent is so high?"

Gu Miao frowned and said, "I remember the year before last, the average rent seemed to be only 10,000 a month, right?"

"This time, that time!"

"The year before last, no one was sure whether the business here would be good. When we set the rent, we didn't think about making more money. As long as businesses moved in, we would make money."

Lao Zhang patiently explained: "But last year, due to the amazing passenger traffic in the park, the business of various shops was very good. After consideration, the park management company raised the rent standard."

Price starting from the floor?

If you don’t like it, don’t rent it! Anyway, if you don’t rent, there are many people who want to rent. Doing business here is definitely a sure profit.

"Fine."

After hearing this, Gu Miao roughly understood why the rental income was so high.

fortunately!

When these three commercial streets were originally planned, fortunately Gu Miao did not agree to sell them at a low price. Instead, he held all the shops in his hands and only rented them but did not sell them.

If I sold it in the first place, would I regret it now?

The park management company, which was originally unknown within the group, instantly became popular with an astonishing financial report.

This was also the biggest surprise that Gu Miao discovered at this year-end summary meeting!

The results of several subsidiaries reported subsequently were not as impressive as those of the park management company. Among them, when Nantong reported the annual performance of Wanbao Comics, there was even a loss.

Yes, huge losses!

Because Wanbao Comics has gradually focused its business on the online comics and light novel serialization platform, namely Bip Comics, in order to subsidize creators, Wanbao Comics suffered serious losses last year.

There is no other way, we have to seize the market!

Online light novel and comic serial platforms have competitors both at home and abroad. If Bibi comics and Bibi light novels want to win favor, they must subsidize creators and attract more high-quality works to the platform.

To put it bluntly, it’s a waste of money!

Where can you get high-quality comics and light novels without burning money? Without burning money, will any author be willing to hang out with you?

Another subsidiary that also burned money and suffered serious losses last year was Wanbao Video.

This is the old "gold-swallowing behemoth"!

Gu Miao was too lazy to complain about Wanbao Video. If you lose, just lose. At least last year's loss was a little less than the year before, which is good news.

For a company as big as Wanbao Group, only comic companies and video websites have been losing money, which is acceptable.

After all, there are other companies making money, and the money earned is enough to cover the losses of these two companies, and there is still a surplus.

You can't expect every subsidiary to make a lot of money, right?

Obviously, this is impossible.

As long as it is a large-scale group company, it will always have that kind of "loss-making" business. It is impossible to have a group whose businesses are all "profitable".

What?

Did you say Guo prefix or Chinese prefix?

Although a group engaged in monopoly business may sound like a huge profit, it is impossible to lose money with your eyes closed. But in fact, they also have loss-making departments or subsidiaries, but the profitable departments are too strong.

One whiteness covers all ugliness.

As long as the profitable departments/subsidiaries are strong enough, it doesn't matter if the remaining departments/subsidiaries are all losing money?