pertwk Chapter 165 Financial Reporting Meeting
Chapter 165 Financial Reporting Meeting
July 1st, Nanjing.
In the height of summer, the entire ancient capital of six dynasties was shrouded in sweltering heat.
However, on the top floor of the Haofeng Group headquarters building in Xianlin Science and Technology City, the air conditioning in the panoramic conference room was very strong, making people feel a bit chilly.
Today is Haofeng Group's mid-year summary meeting, which reviews the first half of the year and looks ahead to the second half of the year's strategy.
At 2 p.m., the iconic black Rolls-Royce Phantom drove into the underground parking garage on time.
Surrounded by a group of assistants and senior executives, Li Feng arrived at the conference room early.
For this group boss, who is used to sleeping until he naturally wakes up every day, being able to sit in the conference room at 2 pm and take charge of the overall situation is already a rare example of his work ethic.
On both sides of the large circular conference table, the top executives of various business segments of Haofeng Group had already gathered together.
Apart from Huaxin Technology, which was spun off and shouldered national strategic tasks, the leaders of the entire pan-entertainment empire and internet ecosystem were all sitting upright at this moment.
"Let's begin." Li Feng took his seat in the main seat and uttered three words calmly.
The CFO, Lao Zhang, was the first to stand up, holding the report that represented Haofeng's ability to generate revenue.
"President Li, colleagues. The group's full financial accounting for the first and second quarters has been completed."
"Excluding R&D investments, copyright acquisitions, and strategic investments in projects like Xiaomi Technology, our group's after-tax net profit for the first half of the year... firmly stayed above the 3 billion RMB mark!"
"This data is largely in line with our initial estimates at the beginning of the year. The overall financial chain is very healthy, and the cash pool is incredibly deep!"
Three billion in net cash profit in just six months!
Although the executives present had long since become numb to their company's rapid profit-making, they still felt their hearts surge with excitement upon hearing this figure.
"Hmm." Li Feng nodded expressionlessly. "Games Department, tell me about the progress for the second half of the year."
Technical Director Chen immediately chimed in: "Mr. Li, in the mobile game department, the sandbox simulation of 'Romance of the Three Kingdoms' and the numerical balance of 'Clash Royale' are undergoing intensive polishing. To ensure quality, we will try our best to deliver these two hardcore mobile games before the end of 2014. As for the PC version, 'Three Kingdoms Kill Online' and 'Minecraft' currently have stable online player numbers and maintain extremely high player engagement."
Li Feng neither agreed nor disagreed, saying that these were all long-term projects, and they could simply proceed step by step.
"What about League of Legends?" Li Feng turned his gaze to a young manager with thinning hair sitting next to Lao Chen.
This is the main controller of the Chinese version of League of Legends, a tech geek who rose through the ranks.
Being personally called upon by the big boss, the chief technical officer was clearly a little nervous.
He quickly opened the densely filled notebook in front of him, cleared his throat, and began to read from the text:
"Mr. Li, our League of Legends Chinese server, also known as the 'Big Prince' project, is currently running very well. We have already coordinated with Riot Games in the US regarding the development and update plans for the second half of the year."
"In August, we will be launching two brand new heroes: Rengar, the Pride Hunter, and Diana, the Moon Goddess."
"When the school season starts in September, we will also implement a very powerful mage hero called 'Syndra, the Dark Sovereign,' and we will also conduct a bug fix on the underlying logic of the current ranked matchmaking algorithm..."
The chief tech lead was still rambling on and on about the version update announcement, completely unaware that the atmosphere in the meeting room was rapidly deteriorating.
Sitting in the main seat, Li Feng's brows gradually furrowed into a deep frown, and a clear hint of displeasure flashed in his eyes.
Standing beside Li Feng, Zhang Xinyu noticed the change in the boss's eyes and inwardly cried out in alarm.
Has this tech idiot lost his mind?!
At a top-level board meeting of a conglomerate involving strategic directions worth tens or hundreds of billions, what are you doing reading out new hero names and patch updates to the big boss?! That's a waste of the boss's time!
"Cough cough."
Zhang Xinyu interrupted the technical lead who was still talking non-stop, reminding him in a slightly cold tone:
"Manager Wang, these kinds of detailed reports about game patches and hero mechanics should be topics discussed in your project team's internal meetings, right?"
"Mr. Li's time is very valuable, please get to the point."
The chief technical officer was stunned when the president's secretary publicly confronted him like that, and his face turned bright red.
He then realized the situation was inappropriate and hurriedly flipped through a few pages of notes, trying to regain his composure.
"I'm sorry, Mr. Li. The important thing is... the important thing is that we'll be hosting the League of Legends S2 World Championship in October!"
"The current tentative venue for the finals remains Los Angeles, USA. Domestically, after more than half a year of the City Heroes Championship, several established powerhouses like WE and iG have emerged and secured their tickets to compete in the US..."
Looking at the technical controller who was speaking illogically, Li Feng's last bit of patience finally ran out.
That's enough.
The meeting room was deathly silent; everyone lowered their heads, and even their breathing slowed down.
"Can't your department find even one person who knows how to conduct meetings?"
Li Feng's gaze was like a knife scraping across the face of the technical control engineer: "I'm not sitting here to listen to your rambling! I don't need to know whether your hero is called the Moon Goddess or the Sun Goddess!"
"Just tell me in the simplest terms: What are your profit expectations for the second half of the year? What is your target peak concurrent user count (CCU)? What is the scale of sponsorship and advertising deals you've secured for esports?"
"I don't want to see this kind of basic mistake happen again. Sit down!"
The chief technical officer was scolded until he was pale and slumped down, his hands trembling as he wiped his sweat.
With this stern warning, the subsequent meeting proceeded at an astonishing pace.
The regional officials in other departments abandoned all the empty talk and went straight to the core data.
"Mr. Li, we have great news from Xiaomi! The first-generation Xiaomi phone has officially surpassed the milestone of 300 million units sold! Mr. Lei said that we will go all out to boost production capacity in the second half of the year!"
"Haofeng's Weibo daily active users are steadily increasing, and all top-ranked spots for the fourth quarter have been sold out!"
"The market share of the film and television department has been increasing year by year, with major dramas such as 'Legend of Lu Zhen' poised for release!"
"After several years of nurturing its ecosystem and incentivizing content creators (UPs), Bilibili has finally turned a profit and is now officially profitable!"
Hearing this series of crisp and decisive good news, Li Feng's expression softened slightly.
"very good."
Li Feng stood up and set the tone for Haofeng Group's second half of the year: "Everyone has witnessed our achievements in the first half of the year. In the second half, I don't expect you to expand aggressively like before."
"The group's core strategy for the second half of the year can be summed up in four words: 'Seeking progress while maintaining stability'!"
"Defend our position and utilize our resources. Meeting adjourned!"
……
As the executives filed out as if granted a pardon, only Li Feng and Zhang Xinyu remained in the large panoramic conference room.
Li Feng leaned back in the large leather chair and rubbed his temples.
Actually, when he was angry just now, based on his usual temper, he would have fired that supervisor who couldn't even hold a meeting, with just a single sentence.
"I finally gave in and softened," Li Feng thought to himself with a self-deprecating laugh.
Ultimately, in his previous life, he was also a tech geek who started out as a low-level coder.
He understood the nature of these programmers: they didn't know how to socialize, how to report, and their minds were filled only with dry code and logic.
But it is precisely this kind of single-minded tech geek that allows them to focus on perfecting the underlying experience of games.
"Only by having technical personnel manage the technology can a game avoid becoming a mere reskinned garbage designed to rip off players. That's being responsible to the players, right?" Li Feng convinced himself with this reasoning and let the unfortunate supervisor off the hook.
Seeing the boss's brows furrow slightly, Zhang Xinyu, who was standing to the side, stepped forward and gently massaged his temples.
"Boss, don't take it to heart with those tech novices," Zhang Xinyu comforted her understandingly. "They're just inexperienced. After a few more reports, they'll gain experience and won't make such basic mistakes again."
Li Feng ignored Zhang Xinyu's words of comfort. He was enjoying the massage from his secretary when he abruptly changed the subject and asked a question completely unrelated to company business:
"How's the situation with Liu Yifei?"
Upon hearing this name, Zhang Xinyu's massaging fingers stiffened almost imperceptibly for half a second.
Even though she had become accustomed to the many women around her boss in the past three years, she was already able to calmly arrange for various actresses to serve her in bed.
But when faced with the woman on the other side of the ocean who had a "get-out-of-jail-free card" in her belly, Zhang Xinyu still couldn't help but feel a pang of sorrow.
But she concealed it very well, maintaining a dutiful and respectful demeanor on her face.
"Boss, everything is fine with Yifei."
Zhang Xinyu reported softly, "The top-notch medical team in Canada is monitoring us 24/7. The due date is set for the middle of next month."
At this point, Zhang Xinyu lowered her voice, her tone revealing a hint of caution: "A few days ago, we had amniocentesis done for DNA comparison and gender screening..."
"It's a boy."
boy!
Upon hearing those two words, a ripple stirred in Li Feng's usually calm eyes.
The Li family has an heir!
This is not only a continuation of bloodline, but also the first "eldest prince" with legitimate inheritance rights to his vast business empire worth hundreds of billions!
"How are things going with my parents?" Li Fengqiang suppressed his excitement and asked in a deep voice.
"Don't worry. Your aunt and uncle's private jet route and visas have all been arranged. The tickets are booked for the 10th of next month, and they'll fly over early to be with you during your delivery," Zhang Xinyu replied clearly and logically.
Li Feng stood up, walked to the floor-to-ceiling window, looked at the panoramic view of Jinling City outside the window that seemed to have the whole world under his feet, and remained silent for a long time.
"Order one for me too."
"On the 10th, I flew to Canada with my parents."
Upon hearing this, Zhang Xinyu's heart skipped a beat.
She clearly remembered that the boss had made it clear that they would bring the baby back to China after it was born.
But now, the boss has changed his mind! He's going to fly across the ocean to be with her during childbirth?!
Zhang Xinyu certainly didn't dare to ask why, but she knew perfectly well why.
That's a boy! The first in line to inherit this vast financial empire!
He was born with a silver spoon in his mouth, a prince!
As a father and the helmsman of the empire, how could the boss not personally welcome his birth?
"Okay, boss."
Zhang Xinyu suppressed the jealousy and bitterness surging in her heart and respectfully lowered her head.
"I'll have the administration department arrange it right away."
"Just do whatever the boss decides," Zhang Xinyu silently told herself.
In this empire, never try to guess the thoughts of a tyrant, and never be envious of things that are unattainable.