My Animation Era

  Chapter 528 Year-end Summary Conference (for subscription)

  Wednesday, January 16.

   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 presided over and held by Gu Miao, the president of the group, and Zhang Chao, the executive vice president of the group, made a summary and made 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 each group's subordinate departments must of course summarize the achievements of the past year.

  In this session, the most eye-catching ones are naturally the three giants of Wanbao Toys, Wanbao Games and Wanbao Animation.

no way!

  Wanbao is an enterprise mainly engaged in the ACGN animation industry, and its core business is animation, games and peripheral derivatives. Based on this premise, it is reasonable for the Big Three to perform well.

   What is surprising is that in the past year, Wanbao Games has achieved the highest "net profit margin" of the entire group by virtue of a number of popular games.

   Of course, it's just the profit margin.

  Because of the particularity of the game product, although they maintain a relatively high profit margin, the 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 an annual output value comparable to a subsidiary of a large multinational company, Wanbao Toys is the No. 1!

   As for Wanbao Animation?

   I can’t say that it’s too late, I can only say that last year’s profitability was not very satisfactory. It mainly relies on "Pokémon", "Yu-Gi-Oh" and "Guobao Special Attack" to support the sky.

  Gu Miao criticized by name.

  Mainly criticize Huang Kun, Hou Bin and Guo Hongwei.

  The three of them have a large production budget. Although the animation produced has high ratings, the sales of peripheral derivatives are not very good.

  Especially "Legend of Seven Swords".

  Guo Hongwei spent a lot of money on this martial arts animation. But judging from the results, apart from earning word-of-mouth for Wanbao Animation, this animation did not make much profit.

  Someone is holding back the company, I won't say who it is...

  Gu Miao's strange behavior made Guo Hongwei, Huang Kun, Hou Bin and others bow their heads in shame.

   Seeing that they had already realized their mistake, Gu Miao didn't continue talking. The fact that Wanbao Animation's profits have declined compared to previous years can be regarded as a turning point.

  Except for the Big Three...

  This year, another subsidiary of Wanbao Group performed equally well. It can even be said that it is not inferior to the Big Three.

   That is Marlboroland Management Company.

  The so-called Paradise Management Company refers to the operation department of Wanbao Pleasant Goat Paradise, including the property management of Animation Street, Comic Street and Game Street.

  This subsidiary has achieved amazing performance in the past year.

   As for the park, during the Spring Festival holiday, Golden Week, National Day and other holidays, a total of more than 10 million tourists were received, and a total of 38.5 million tourists were received throughout the year.

   Ticket revenue alone reached an unprecedented 317 million yuan.

   This is still the case of frequent events, discounted tickets, or even "free tickets". If there are no activities, the ticket revenue may more than double.

   That's not the point.

  As long as you are not stupid, you know that the main income of a large amusement park does not come from tickets. Catering and accommodation, recreational facilities and souvenir sales, these are the bulk of income.

   And this part of the income has reached 1.036 billion yuan in the past year.

"not bad!"

  During the meeting, Gu Miao, who seldom praised, praised the Paradise Management Company a few words.

  With an annual revenue of more than one billion yuan, after excluding various operating costs, the annual profit is at least four to five billion yuan. For Wanbao Pleasant Goat Paradise, this is a good profit performance.

   But that's not all!

  In Pleasant Goat Paradise, there are three commercial streets intersected by the word "米", namely animation street, comic street and game street. In the past year, the rent of shops alone has collected 571 million yuan.

"real or fake?"

   "Mist Grass!"

   "Are you kidding me?"

  When the person in charge of the park management company read out this data in public at the conference, almost everyone was stunned.

   Nima!

  Doing nothing for a year, and collecting more than 500 million yuan in rent collection alone, who can keep calm?

"This is real."

  Old Zhang said with a smile: "I read the financial report the day before yesterday, and I also found it incredible, so I went to check it out."

   "There are a total of 1,096 shops for rent on the three streets. Due to the size 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?"

   "One moment and another moment!"

   "The year before last, no one was sure whether the business here would be good or not. When we set the rent, we didn't think about making more money. As long as there were businesses settled in, we would make money."

  Lao Zhang explained patiently: "But last year, due to the amazing visitor flow in the park, the business of each store was very good. After consideration, the park management company raised the rent standard."

   Starting price on the ground?

   If you don’t agree with it, don’t rent it! Anyway, if you don't rent it, some people want to rent it. Doing business in this place will definitely make a profit without losing money.

"Fine."

  Hearing this, Gu Miao roughly understood why there was so much rental income.

   Fortunately!

  When planning these three commercial streets, fortunately Gu Miao did not agree to sell them at a low price, but held all the shops in his hands, only renting and not selling.

  If you sold it at the beginning, don’t you regret it now?

  The Paradise Management Company, which was originally unknown within the group, instantly became a favorite with an astonishing financial report.

   This is also the biggest surprise that Gu Miao discovered at this year-end summary conference!

  The results of the subsidiaries reported later were not as impressive as the Paradise Management Company. Among them, when Nantong reported the annual performance of Wanbao Comics, it even showed a loss.

   Yes, huge losses!

  Because Wanbao Comic gradually puts its business focus on the serialization platform of web comics and light novels, that is, Beep Comics, in order to subsidize creators, Wanbao Comics suffered heavy losses last year.

  No way, we want to grab the market!

  Internet light novel and comic serial platforms have competitors both at home and abroad. If BEEBE comics and BEEBE light novels want to win favor, they must subsidize creators and attract more high-quality works to the platform.

   To put it bluntly, burn money!

  How can high-quality comics and light novels come without burning money? If you don't burn money, will any author be willing to come to you to hang around?

   Also burned money, the subsidiary that suffered heavy losses last year, and Wanbao Video.

   This is the old "Gold Swallowing Behemoth"!

   Gu Miao was too lazy to complain about Wanbao Video. Lose as much as you can, at least last year's loss was a little less than the year before, which is good news.

  With such a big business as Wanbao Group, the cartoon companies and video sites have been losing money, which is acceptable.

   After all, there are other companies making money, and the money earned is enough to cover the amount of the two losses, and there is still a surplus.

   You can't expect every subsidiary company to be the one that makes a lot of money, right?

   Obviously, this is not possible.

  As long as it is a large-scale group company, there will always be that kind of "loss-making" business. It is impossible to have a group, and all its businesses are in a "profitable" state.

What?

   You mean the country prefix, the Chinese prefix?

   Groups engaged in monopoly business, although it sounds like a lot of money, it is impossible to lose money with your eyes closed. But in fact, they also have loss-making departments or subsidiaries, but the profitable department is too strong.

  One white covers all ugliness.

  As long as the profitable department/subsidiary is strong enough, what if the remaining departments/subsidiaries are all loss-making?

  (end of this chapter)