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Text Chapter 648 Finale

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    Time flies, and three years have passed by in a blink of an eye.  Wang Qinian didn¡¯t expect that it took three years to make a movie.  This is mainly because Wang Qinian strives for excellence in movies and constantly overturns previous plans.  As a result, the final budget for the movie version of "The Catalog" reached US$385 million.  Not only did it set a new production cost record for a Chinese-language film, it also set a record for the largest film budget in the history of world cinema.  Almost all investors are sweating coldly!  The budget of this movie exceeded expectations, mainly because Wang Qinian has extremely high requirements for VR audio-visual experience.  In order to cooperate with the VR version, we burned money like crazy.  And Wang Qinian¡¯s willful burning of money caused the film¡¯s budget to repeatedly exceed the budget, further kidnapping film investors around the world, and they had to bite the bullet and continue to follow up on investment.  However, with the first half of 2o16, China¡¯s movie box office market, half-year box office revenue, has exceeded 4 billion yuan, surpassing the North American movie box office in the same period. ?? And 40% of China¡¯s cinema chain market is controlled by small partner cinemas.  At the same time, in the online movie ticket sales market, partners¡¯ market share exceeds 70%.  This channel monopoly advantage allowed "Magic ** Catalog", released in July 2016, to sweep the Chinese movie box office market and set a new box office record of 3.16 billion yuan.  At the same time, the box office of overseas movies has also been soaring, with the Japanese box office market taking in US$180 million.  The North American movie box office exceeded 350 million.  The European movie box office market earned US$170 million.  In the end, this movie became the first blockbuster in the history of Asian movies with global box office data exceeding 1 billion US dollars.  In addition, the VR market sales of this movie also exceeded 150 million US dollars, promoting the rise of the VR movie market.  Of course, after the results of this movie were released, fans in Japan emphasized that it was because of the influence of the "Forbidden" IP.  In addition, Japanese sound effects and music talents also play a vital role in the movie.  The domestic film market is due to Wang Qinian's team. My friends' film production team has become a well-known king in the world. The movies invested by my friends are not only among the best in the world in terms of box office data.  , and more importantly, the average profit level is good, and there are few movies with big losses.  Against this background, the market value of two listed companies owned by Xiaobian, Golden Harvest Entertainment Group and Cinema Holdings Company, continues to reach new highs.  The market value of Jiahe Entertainment has exceeded 100 billion Hong Kong dollars, making it a wonder in the Hong Kong stock market.  ??The box office of the theater chain holding company exceeded 200 billion yuan, stabilizing its leading position among the world's theater chain companies.  Next, Xiaobian Company 6 continued to complete the spin-off and listing of Xiaobian Electronics Company. Xiaobian Electronics Group includes mobile phones, tablets, VR and other products.  The annual revenue exceeds RMB 50,000 million, and the profit reaches more than RMB 6,000 million.  Such a giant goes public with an original share capital of 1,000 million shares, an additional 2.5 billion shares are listed, and the total share capital increases to 12.5 billion shares.  The price per share is 40 yuan, and the price-to-earnings ratio is less than 10 times.  ¡°Obviously, Wang Qinian is kind-hearted and does not want to deceive investors. Such a big guy has little room for growth, so he chose a more conservative valuation.  Of course, even if such a big player goes public, it will still create a new feast in the A-share market.  After the IPO was launched, the overall market value exceeded 50,000 million.  After the listing, due to the low stock price, it tripled, making the market value of Xiaobian Electronics reach the 2 trillion yuan mark, surpassing any company in the BAT.  Later, Xiaobian Game Group, another pillar of the Xiaobian Group, also began to go public to make money.  As the largest gaming giant in the country, Xiaobian Game Company had a market value of RMB 0.0 billion when it went public. However, its market value has since exceeded RMB 1 trillion.  It owns two super giant companies with a market value of over one trillion yuan, plus some subsidiaries with a market value of hundreds of billions.  The small partner system has become China's largest chaebol and the most growing enterprise group in China in the 21st century.  In the second half of 2016, after many of Wang Qinian's companies went public, he publicly stated: "The high growth of the small partner system is over. From now on, we will not be the ones to create another miracle. Our responsibility, first, is to give back.  Long-term and stable returns for investors. Each of the listed subsidiaries seeks stability, and should stay away from radical and risky business methods that may lead to the company's destruction, so that our shareholders can sleep peacefully every night. " "Inheritance, our group.  , and receive a large amount of profits and dividends every year. More of these dividends will be invested in emerging start-up companies and entrepreneurial projects. We ourselves want to be a century-old enterprise like IBM. However, among the companies we invest in, it is possible.  When great companies emerge in the future, of course, we will give priority to investing in companies founded by our employees. If any employee leaves to start a business, we will??is welcome.  We will record the integrity and comprehensive performance of employees within our system, and these achievements can be directly converted into funds for leaving the company to start a business.  For example, if a diligent, honest and dedicated employee wants to start a business one day, then we can directly invest millions in him without any guarantee and without looking at his business plan.  " "For charity activities, our friends do not use fundraising charity. Our charity funds do not accept social donations. All sources of funds come from the love of our friends' companies, shareholders and employees.  At present, we use 10% of the group's profits for charity every year, with an annual scale of 1 billion.  If corporate profits can grow, the scale will be even greater in the future.  Our charity plans are all open and transparent, and projects that are recognized by society as needing help. Among them, domestic charity projects are no less than 80%, and overseas charity projects are no less than 20%!  The operating cost of the entire charity fund is controlled within 2%. Unlike some private charities, we do not accept donations, but 40% or more of the funds are used for expenses such as ¡®operating expenses and management expenses¡¯.  Of course, if you want me to be like Buffett and donate most of his property after his death, I'm sorry, but I'm not interested.  However, it should be possible for me to spend more on philanthropy than Buffett during my lifetime.  " "Finally, I announced my retirement.  I don't want to retire when I'm very old.  While you are young, let go of all the burdens of work.  After all, the career I was supposed to do has already been successful.  All that's left is to stay out of it, act as a supervisor, and protect my company.  As for the company's governance, leave it to the company's professional team and board of directors. If it is not a matter of life and death, I will rarely appear in the company or the board of directors in the future.  " Not long after Wang Qinian spoke publicly, people discovered that he really retired. Well, not completely. He just left all the heavy work to others. And Wang Qinian doesn't like to appear in the media in a high-profile way.  In front of us, however, people often see traces of Wang Qinian on the Internet (To be continued.) 8.
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