v2 Chapter 590： Baohuodong Mining Company Annual Summary Conference

There was still some time before dinner, Bao Zixuan and others began to prepare for a board meeting. It mainly summarizes the work of Baohuodong Mining Company for one year, as well as the development and expansion plans for the next year.

Everyone who came here knows what's going on. There are not many opportunities for everyone to meet each other. The main reason is that everyone is too busy, and there are huge enterprises that need to be managed. It's a good opportunity to get together at Huo Yingdong's house this time. Mr. Huo also wants everyone to come. The holding of the board of directors involves huge interests.

Huo Yingdong arranged for the eldest son to accompany the other tycoons. Although it was a little rude, he couldn't take care of that much at the moment. Time is running out, not everyone will go to China mainland. For example, Ye Deli is not ready to go. He mainly runs the casino business, which is an industry prohibited by orders in mainland China.

When I came to the Huo Mansion conference room, the staff had already prepared the projector. Bao Zixuan's computer is always carried with him. The data of Bao Huodong Mining Company are all in the computer and in his mind at the same time.

Huo Yingdong insisted on giving up the throne to Bao Zixuan, even though it was in his home. But now it is Baohuodong Mining Company that holds the board of directors. As the head of the company and the largest shareholder, the richest man Bao should sit in the first place.

Those who came to the meeting were all shareholders of Baohuodong Mining Company. Since the relationship had eased, the charter king reappeared on the board of directors. This is a situation that everyone wants to see. After all, the incompatibility of directors is very detrimental to the development of the company.

Bao Zixuan turned on the computer and linked to the projector. He wanted to report the company's development and revenue over the past year to shareholders, as well as its expansion plans for next year.

Bao Zixuan said with a smile: "I wanted to report the revenue of Bao Huo Dong Mining Company to everyone for a long time, but the opportunity to get everyone together is too difficult. This time, we have this opportunity, and we will hold it at the old Huo mansion. An interim board."

"Baohuodong Mining Company's main income last year was the export of rare earths; our sales of rare earths last year were 32.8 billion US dollars, and the profit after deducting all expenses was 13.9 billion US dollars. The pricing power of rare earths is in our hands, and this year's sales price will be the same as last year's. 3 points on top of that.”

"In addition, the first two phases of our steel plant have been put into operation. Last year, the annual output of high-quality steel was 6.7 million tons, and the profit after deducting all expenses was 3.2 billion Chinese yuan. This is mainly because we are constantly expanding the plant and making other local investments. After the completion of the third phase this year, the profit will increase further.”

"That is to say, the company's profit this year is 13.9 billion US dollars and 3.2 billion Chinese yuan. As for each financial expenditure, data will be sent to you. I will not introduce too much here, you can go back and take a look. If you have any questions, you can ask, Let's solve it together."

Seeing the revenue data, Bao Zixuan thought he had read it wrong. No one would have expected Bao Huodong Mining Company to make such a profit;

In fact, the main reason is the exclusive business. 80% of the rare earths in the world are produced by Baohuodong Mining Company, which has a high monopoly position in the world. Moreover, Bao Zixuan is also a ruthless person who strictly controls the price of rare earths.

That is, the price of rare earth raw materials purchased by Heiyun Group from Baohuodong Mining Company is the same, but it has priority. This makes it difficult for other shareholders to say more. After all, Bao Zixuan is like this. Are you more special than Bao's richest man.

Bao Zixuan continued: "To be honest, I didn't expect this company to make such a profit, but since it has already made money, it is a blessing for everyone. In addition, you can't put so much money on the account. This is a serious waste of resources."

"Therefore, there will be two options for everyone to choose. One is to take out 10 billion US dollars as dividends for shareholders, and the other as backup funds. Anyone can apply for use, as long as the project is reasonable, there is no problem."

"The second is to use only 5 billion US dollars as dividends for shareholders, and the rest of the funds to buy oil fields in the Middle East. With the popularity of automobiles, the demand for oil in the future will be very large, and now we can start while the price is not too high. As a mining company, we It is necessary to ensure the diversification and continuity of mining development. Rare earth resources will be dug out one day, what should we do when the time comes, we will watch the company go bankrupt and take precautions to keep the company growing.”

Dong Haoyun said with a smile: "Xiaobao, it's the first time I've made so much money in my business for decades. I'll do what you say. Your decision is our Dong family's decision, and there will be no other words."

The charter king continued: "I agree with Mr. Dong's opinion. Since Xiao Baosheng wants to buy oil fields in the Middle East, it definitely makes sense, and the Bao family firmly supports it."

Hearing that the two major shareholders have already expressed their opinions, it is useless for others to know that they want to oppose it. After all, more than half of the shares are already held, so they can only listen to them.

Bao Zixuan: "There is a war in the Middle East, and buying oil fields in the past will definitely be risky. Don't blame me if there are problems at that time. After all, losing money is a trivial matter. We can't buy it back no matter how much money we hurt."

Huo Yingdong: "This company was established under your call, and you decide the development plan. At present, there is nothing vulgar. You are the company's largest shareholder. I believe you will not harm the company's interests."

Rare earth trading itself is even more profitable than this. Fok Yingdong and Bao Zixuan have negotiated a large tax concession, and they have also made great efforts to donate money, build roads, and improve the living environment, otherwise the profits will definitely be more than that.

Bao Zixuan's approach made China mainland very satisfied, and also made Huo Yingdong very happy, so when he proposed to buy oil fields, he had no other words and firmly supported it.

Li Chaoren also smiled and said, "I also firmly support you, Xiao Baosheng. We can have a fat year with a dividend of 5 billion US dollars."

Li Chaoren used the land to return part of his equity. Now that the company's data is so dazzling, Li Chaoren feels that he has taken a big advantage this time. Moreover, there was an agreement at the beginning that all the dividends from the transfer of shares would be owned by Li Chaoren, which was worth tens of millions of dollars.

Ye Deli said with a smile, "You can do it with Xiaobao! I don't have any opinion. It seems that the company's dividends are enough for my expenses, and I can find a lot of girlfriends."

Only Zheng Yutong had some opinions here, but he just didn't want to see Bao Zixuan feel good, and he didn't want to listen to Bao Zixuan's shouting. But seeing that almost all the shareholders support this kid, this time I can only give up, or wait for a suitable opportunity to start. As long as he gets hold of him, he must give up the management of the company. This is a hen that lays diamond eggs.

Bao Zixuan: "In this case, I will inspect the distribution of oil resources in the Middle East in advance. Since there are oil fields, oil refining companies are definitely needed. Mr. Huo can discuss with Huaxia to see where is suitable for building petrochemical plants."

"In addition, we will set up our own gas station in Hong Kong, so that the citizens of Hong Kong can use gasoline with reliable quality and low price. Li Sheng's China Gas can also use our own natural gas. At the same time, Mr. Dong and the charter king will see if they can use it. When we divide more of the tankers out, our own cargo must be prioritized for transportation."

"At the same time, the extra bitumen from the refining process can be used to build roads. Whether it is in Xiangjiang or China, it depends on whether Hu Sheng can find more roads for us to build."

"Petrochemicals can also produce plastic products, which can be supplied to Da Lisheng. Now let's see who wants to set up a sponge and paint business in Huaxia, we have enough raw materials."

Hearing that there are so many benefits to enter the petrochemical industry, all the shareholders are even more excited. It seems that opening a factory is really making money, at least it makes them feel more promising than real estate, who makes it a real estate crisis in Hong Kong!

Bao Zixuan continued: "Then the dividend will be distributed according to 5 billion US dollars. Let's confirm the number."

The staff took the dividend statement and asked all the tycoons to sign, in fact, they prepared two sets of plans. It is to wait for the resolution at the shareholders' meeting to come out before taking it out.

Everyone is very happy after seeing the data Bao Zixuan holds 33.5% of the shares, and the dividend amount is 1.675 billion US dollars; Fok Yingdong holds 27% of the shares, the dividend amount is 1.35 billion US dollars, and Bao Yugang holds 18% of the shares. The dividend amount is 900 million US dollars; Dong Haoyun holds 10% of the shares, and the dividend amount is 500 million US dollars; Zheng Yutong holds 4% of the shares, and the dividend amount is 200 million US dollars; Hu Yingxiang holds 2% of the shares, and the dividend amount is 100 million US dollars; He Hongsheng, Li Chaoren , Ye Deli each accounted for 1.5% of the shares, dividends of 75 million US dollars. Lee Shau Kee holds 1% of the shares, and the dividend is US$50 million.

After signing the confirmation form, Bao Zixuan said with a smile: "Tomorrow the funds will be transferred to your account, please rest assured."

At this time, Li Zhaoji suddenly said: "I only have the least shares here. Are you sharing a little of me? I can't be the smallest shareholder by myself. The amount of money is small or small, and it doesn't look good to be ranked last every time. "

After he finished speaking, everyone laughed, but Bao Zixuan felt that this might be an opportunity. So he said, "Li Sheng, if I have time the day after tomorrow, I happen to be looking for you, and we can have a good chat."

It can be said that Bao Zixuan said that many people feel incredible, do they really want to sell part of the shares; that would be too bad. But after all, this is someone's private matter, even if you want to discourage him, you can't be in front of Li Zhaoji. Isn't that offending people!