January 16, Wednesday.

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 link, 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 entire group with its many popular games.

Of course, it's just a profit margin.

Because of the special nature of the game product, although they have maintained a relatively high profit margin, their total profit is not as high as that of Wanbao Toys.

The company's most profitable subsidiary, the subsidiary with the largest number of employees, and the annual output value is comparable to that of a large multinational company, Wanbao Toys is No. 1!

As for Wanbao Animation?

I can’t say it’s bad, I can only say that last year’s profit situation was not very satisfactory. It was mainly supported by “Pokémon”, “Yu-Gi-Oh!” and “Fruit Strike”.

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 big.

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 profits have declined, which can be regarded as a turning point.

Except for the Big Three...

This year, there is another subsidiary of Wanbao Group that performed equally well. 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.

In terms of the park, during the Spring Festival holiday, Golden Week, National Day and other holidays, it received a total of more than 10 million tourists, 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 frequent events, discounted tickets, or even "free tickets." If there were no events, the ticket revenue might have more than doubled.

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 sales. The majority of the income comes from the sales of catering, accommodation, amusement facilities and souvenirs.

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?"

"Mistgrass!"

"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!

After doing nothing for a year and collecting more than 500 million in rent alone, who can stay calm?

"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."

Starting price on the ground?

If you don't agree, don't rent! 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 a hit with an astonishing financial report.

This is 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, Nantong even reported a loss when reporting the annual performance of Wanbao Comics.

Yes, huge losses!

Because Wanbao Comics has gradually focused its business on online comics and light novel serialization platforms, 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 novels 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!

How can you get high-quality comics and light novels without burning money? If you don’t burn money, will any authors be willing to work with you?

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

This is the old "gold-swallowing behemoth"!

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

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

After all, there are other companies making money, and the money earned is enough to cover these two losses, 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 some kind of "loss-making" business. It is impossible to have a group company, and all its businesses will be "profitable".

What?

Do you mean the prefix Guo or the prefix Chinese?

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

One whiteness covers all the ugliness.
Chapter completed!