First, each subsidiary reported on its second quarter operating results.
The content includes analysis of the second quarter's operating conditions and forecasts for the third quarter and the full year.
Companies like DS Pharmaceuticals, of course, also have major projects underway.
"At present, the second phase of the clinical trial of the vaccine has been successfully completed. All patients who participated in the trial have recovered. The results show that the side effects of the vaccine are minimal."
Upon hearing this, Park Junwan looked displeased.
“When will the Phase III clinical trial begin?”
Mao Dayong replied:
"We are ready to start the Phase III clinical trial and are negotiating the final date with the Ministry of Health and Welfare. If it is fast, it will start early next week."
Today is Thursday, and the beginning of next week will be three or four days later, but Park Jun-wan, the chairman of the group, does not know this information.
Park Junwan said:
"Are you doing something behind my back?"
Park Jin Hyuk quickly replied:
"How could that be? I submitted a report to Secretary Huang."
Park Junwan turned his head to Secretary Huang.
Secretary Huang hesitated for a moment, then stepped forward and explained:
"President, I submitted a report to you last week."
"Last week?"
Park Junwan had no idea what was going on and asked back:
"Did you really report it?"
The president looked unconvinced, and Secretary Huang turned his gaze to Park Jin Hyuk.
Park Junwan immediately became angry and scolded Secretary Huang:
"I'm asking you, why are you looking at Zhen Hyuk?"
This was obviously directed at him, so Park Jin Hyuk had to help Secretary Huang out:
"President, there are so many of you here, please calm down..."
Realizing that he had lost his composure, Park Junwan lowered his voice slightly and said to Secretary Huang:
"You looked at me and did you report to me?"
"I've definitely reported it. Could we possibly lie to you together?"
"Don't talk, I didn't ask you."
Park Junwan continued to stare at Secretary Huang.
Secretary Huang said:
"I did report it to you, but you were thinking about other important things at the time, so you might have forgotten."
"Have you reported it...?"
Park Jin Hyuk added:
"Of course I have to report this to you. How could I not report such an important matter to you? I remember your reply at the time was to let me handle it myself, is that right?"
Park Jin Hyuk looked at Secretary Huang, who nodded.
Park Junwan stopped talking.
In order to ease the embarrassment for the president, Park Jin Hyuk asked Mao Dayong:
"What preparations have we made to conduct Phase III clinical trials?"
Mao Dayong replied:
"While preparing for the Phase III clinical trial, we are also preparing for mass production."
"We're preparing for mass production before the clinical trials are even completed. Is that okay?"
"This is a request from the government. They hope to speed up the progress as much as possible. The expert group leading the clinical trials believes there will be no problems. Now, several countries have requested to jointly conduct phase III clinical trials, and one country hopes that the vaccine can be sold to them first once it is approved."
Through a conversation with Mao Dayong, Park Jin Hyuk explained all the key information about vaccine development.
All participants were surprised by how smoothly it went.
What Park Jin Hyuk hopes for is to make information public at the most appropriate time and in the most appropriate place to achieve the best results.
Park Jin Hyuk nodded to Mao Dayong, then said to Park Jun Wan:
“President, even though some countries have requested that the vaccine be sold to them first, shouldn’t it still be marketed domestically first?”
Park Jin Hyuk deliberately sought Park Jun Wan's opinion in front of everyone.
Park Junwan said casually:
"You decide."
"Understood."
Park Jin Hyuk answered immediately.
There was a reason why Park Jun-wan forgot that he had reported the progress of vaccine development to him.
Recently, the affairs of DS Energy and DS Heavy Industries have been giving him a headache.
DS Energy's losses continued to increase, which brought great trouble to DS Heavy Industries. At this time, news came that WEST Airlines was going bankrupt.
Park Jun-wan had just reached an agreement with Daming Group and was about to shut down WEST Airlines, but at this moment Wu Ruiying found him.
After careful consideration, in order to obtain the 3% stake, Park Jun-wan decided to save WEST Airlines.
Just at this time, Park Jin Hyuk submitted the plan report for the third phase of clinical trials, so it did not attract enough attention from him.
As the chairman of the group, forgetting such an important thing actually has an impact on his prestige.
The company's executives discovered that the president, who used to be quick-witted and had a photographic memory, was starting to forget things.
At this time, it was the turn of DS Energy President Kim Dong-seok to begin his report.
"DS Energy's revenue in the second quarter was 6.2 trillion yuan, down 10% from the previous quarter and 20% from the same period last year. Its loss reached 1.7 trillion yuan, an increase of 300 billion yuan from the previous quarter."
Park Junwan frowned.
The decline in revenue is still acceptable, but the cumulative losses in the first half of this year have reached 3.1 trillion.
"The refining margin in the second quarter was $2, and we expect the gross margin in the third quarter to be negative, or -$1.5. In this case, refining alone will bring us a loss of 500 billion."
Such a report would make anyone feel overwhelmed.
Kim Dong-seok continued:
"Revenue in the third quarter is expected to be 5.4 trillion yuan, a decrease of 800 billion yuan compared to the second quarter, and the loss will exceed 2 trillion yuan."
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
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