v2 Chapter 564： Industry dominance (1/2)
In the warm applause, although Yan Wenhan was full of enthusiasm, he suppressed it and showed a humble smile.
Seeing that the applause fell, Chairman Xia Yu motioned to him to continue reporting. He took a deep breath to calm his mood and report again.
”Since its establishment, Jiuding News Agency has 1 news processing center, 121 offices around the world, and a total of 1,135 employees, including 535 front-line workers.”
”Today, the reputation of the news agency has gradually spread, the quality of its services has been widely recognized, and the number of cooperative media has reached 218.”
”Last month's revenue was 13.25 million Hong Kong dollars. So far, the company's total revenue is 75.85 million.”
”The news agency has been expanding since its establishment, and the investment is very large, with a cumulative investment of 134 million Hong Kong dollars.”
”Since the establishment of the news agency, the chairman of the board of directors has injected capital and successively injected funds from Jiuding Newspaper Company to a total of 111 million.”
”After deducting the cost of news agency staff's salary and business tax, the news agency currently has 24.8 million Hong Kong dollars in cash.”
”According to the plan, the news agency will continue to expand in the future, and the current liquidity and monthly revenue are temporarily sufficient for expansion.”
”My report is complete! Thank you!”
After speaking, Yan Wenhan calmly looked at the chairman Xia Yu, waiting for his comment.
Xia Yu pondered for a moment and praised Yan Wenhan: ”Wenhan, the two companies are well managed in your hands. Jiuding Newspaper Company follows your original thinking. The news agency is the booster of Jiuding Newspaper Company. Invest boldly. Without causing chaos to the company, you can increase the speed of expansion and transfer funds from newspaper companies.”
”Keep it up!”
”Thank you for the compliment, Chairman, I will continue to work hard!”
”Gavin, you go on.”
Xia Yu looked at Gavin Peter again and motioned for him to report.
”Chairman, colleagues, I will now report to you the situation of Jiuding Book Publishing Company...”
Gavin Peter said calmly.
The situation of Jiuding Book Publishing Company is quite special. Gavin Peter did not idle his funds like Yan Wenhan, but made full use of capital to initiate mergers and acquisitions while operating.
Originally, before Xia Yu left Xiangjiang, Jiuding Book Publishing Company owned a parent company of Xiangjiang, as well as a subsidiary, holding 87% of the shares of the island branch.
The island country sub-group debt reached 480 million Hong Kong dollars, with a debt ratio of 69%.
At the same time, Jiuding Book Publishing Company also holds a 10% stake in the island country Kinokuniya Bookstore and a 10% stake in the island country Junjiutang Bookstore.
After Xia Yu left Xiangjiang, Gavin Peter continued his acquisition process, focusing on the local publishing company in Xiangjiang from the beginning.
After the acquisition of five publishing companies, Jiuding Book Publishing Company's publishing business in Xiangjiang has expanded from popular science books, literary books, children's books, educational books and other fields after integration, achieving full coverage.
Especially in the field, the original advantage in the martial arts field continued to expand, from 81% of the market share to 89%.