1659 Chapter 1658 90% (seeking subscription!) (2/2)
”Hello, my friend.”
”I have time to play.”
”Dong Chai, too, I should have more fun last time.”
”...”
Before the formal meeting.
Everyone greeted each other. These are all shareholders of Congo-Kingsha United Power Grid Corporation. The quarterly board meeting is scheduled for this time when everyone has not rested.
A few minutes later.
The chairman spoke.
”The meeting is about to begin.”
One listen.
The scene calmed down, looking at the chairman, the initiator of the Congo-Kinshasa United Power Grid Corporation, everyone knows his identity, the spokesperson of the black prison, they are used to the black prison.
The name is scary.
But advocate order and win-win.
This idea.
It suits their appetite.
”Hmm.”
President Coffdale spoke.
”In 2008, the second quarter board meeting officially began. The first item is the company's financial report. In the second quarter, our company achieved approximately 85.3 million US dollars in revenue.”
”...”
listen.
Everyone didn't change their faces.
More than 80 million US dollars in revenue.
not tall.
It's not high.
What is really tall?
”...As of the end of the second quarter of this year, the company's total liabilities reached US$6.7 billion.”
This is really high.
85 million dollars in revenue, how much profit?It's less than half, that is, the company will always lose money in the long term, and they won't get a dime dividend for at least ten years.
You can only see that assets are rising.
but.
No one was in a hurry. At the beginning of the investment, they had such an expectation and could accept it. Although the grid company did not make money for them, other business activities that could be brought about by this were huge profits.
With electricity.
There are more local businesses that can be done.
Not like before.
Electric razors are hard to sell because there is no place to charge them.
”In the second half of this year, the provincial high-voltage transmission network will be put into use one after another. It is estimated that by the fourth quarter, our revenue will exceed 100 million U.S. dollars and achieve the annual goal of 400 million U.S. dollars.”
”...”
study.
Listen to the report.
Tang Qing's thoughts have gone.
400 million in revenue.
More than 100 million profit.
Really less.
This is the integration of the country's power resources in the Democratic Republic of Congo, and the electricity bills collected only cost more than one billion yuan in three months. Therefore, it is almost impossible to read the financial statements of this company now.
Too bad.
Want to get better.
Have to wait a few years.
now.
Although the power supply in major cities is solved, only about 20 million people are covered. In other words, there are more than 30 million people in the Democratic Republic of Congo without electricity, and the former has just enough electricity for residents.
A few years later.
Large-scale hydropower and thermal power projects have successively operated and connected to the grid.
The grid network covers farther.
The income can only come up obviously. If there are more, two or three billion US dollars a year is not an exaggeration. However, the power grid is a heavy asset investment, so you earn more, and of course you spend more.
Until then.
The company’s debt will swell to at least $10 billion.
but.
It has nothing to do with Tang Qing.
money.
Earn money.
In the power grid, the most consuming power transmission tower uses almost all the steel used by Wanqing Mining. This money is not owed. The United Grid Corporation will pay on time and use Congolese franc loans.
Power transmission project.
All major tribes now have small engineering companies, and power plants can’t be repaired, so it’s okay to pull wires and poles.
cement.
Wanqing Mining can produce part.
Cable wires.
The Chinese companies that Chai Ren contacted eat up most.
therefore.
It doesn't matter whether this company makes money or not. Its upstream and downstream companies have already taken the money into their hands in various ways. As for the company's debt, the money will be paid off slowly.
A country’s electricity company.
There are too many people to feed.