At this time, Jin Junyu walked in and announced: "The vice president is here."
Everyone in the conference room stood up.
Park Jin Hyuk entered the meeting room and announced directly: "Let's get started."
DS Group's second-level subsidiaries began to report their work.
"This quarter, Shinhan Hotel achieved operating revenue of 320 billion won and a profit of 10 billion won, a 40% decrease compared to the same period last year, but a 5% increase in revenue compared to the previous quarter, and returned to profitability. Our goal for the next quarter is to increase operating revenue by 30% and return profits to the 100 billion won level. Rooms for the next two months are essentially fully booked, and at this rate, we are confident that we will achieve our overall goals for the year."
"DS Department Store's operating conditions over the past two years have not been optimistic. Compared with the same period last year, revenue in the past two quarters fell by 60% and 50% respectively. However, starting from the end of this quarter, the number of customers visiting the store has been increasing, and revenue has shown signs of recovery. Our goal is to return to pre-epidemic levels as soon as possible."
The hotel and department store businesses, which were hit hard by the epidemic, are gradually returning to normal, and the operating conditions of other subsidiaries are also beginning to recover.
"The next WEST Airlines," said Park Jin Hyuk.
Park Sang-hyuk walked to the front, looking very confident.
"With the successful launch of the vaccine, West Airlines has achieved leapfrog growth this quarter, with operating revenue increasing by 1,000% compared to the same period last year, achieving operating revenue of 420 billion and profit of 110 billion."
Park Jin Hyuk nodded with satisfaction.
"Next quarter we are targeting a further 20% growth in revenue and 36% growth in profit."
"Is there any problem?" Park Jin Hyuk asked.
"No problem. Now the company has completed its transformation into a comprehensive air transport company. The utilization rate of most freighters has reached 100%, and the passenger load factor is also steadily recovering. We are currently planning to purchase new freighters."
Not long ago, WEST Airlines was on the verge of bankruptcy due to huge deficits, but now it has not only achieved profitability, but also achieved the best economic performance in the company's history.
This all depends on the vaccine transportation business. Vaccine transportation requires constant temperature and humidity, and cannot be mixed with other goods, so the cost of air transportation is very high.
Park Jin Hyuk said, "Please submit your new purchase plan as soon as possible, next one."
Most subsidiaries have completed their reports, and only DS Pharmaceuticals is left. This is the biggest suspense of today's meeting.
Recently, major securities companies have released forecasts for DS Pharmaceuticals' operating performance. The lowest forecast believes that operating income will reach 3 trillion yuan (about 15.9 billion RMB), while the highest forecast is 4 trillion yuan.
Under the gaze of everyone, Mao Dayong began his report.
"DS Pharmaceuticals achieved operating revenue of 5.4 trillion yuan (approximately 28.6 billion RMB) this quarter."
This plain sentence seemed to have dropped a bombshell, because the number exceeded the forecasts of all securities companies.
"Profits are expected to reach 4.2 trillion yuan (about 22.2 billion RMB)."
Mao Dayong used the word "estimated" in a low-key manner, and the actual profit will only be higher than this value.
"Next quarter, we plan to further expand vaccine production. After completing the capacity expansion, we expect to produce 300 million doses per quarter, which will generate operating revenue of 15 billion yuan. Because vaccine sales are prepaid, most of the revenue will be received before the end of the year. In addition, due to the large amount of prepaid goods, the interest income generated has reached 50 billion yuan."
Interest income is generated when the buyer pays for the goods earlier than agreed.
"Based on current development trends, DS Pharmaceuticals is expected to achieve operating revenue of 60 trillion yuan (approximately 317.5 billion RMB) and profits of 40 trillion yuan next year."
"It is said that the pharmaceutical industry is very profitable, and it seems that this is true." Park Jin Hyuk said with a smile.
Before he took charge of DS Group, the annual operating income of DS Group was about 80 trillion yuan. Due to the impact of the epidemic, this year's operating income has decreased compared with last year and is expected to be 70 trillion yuan.
However, next year DS Pharmaceuticals alone will achieve operating revenue of this scale, and the profit indicator will be even more astonishing. 40 trillion is equivalent to five times the profit of the group's best year.
Park Jin Hyuk continued, "DS Pharmaceutical's stock is going to surge again tomorrow. Thank you for your hard work, President Mao. I plan to give all DS Pharmaceutical employees a generous reward. The bonus amount will be equal to this year's annual salary, and the company will cover the taxes."
Usually, paying 50% of the annual salary as a bonus is basically the upper limit. Paying a bonus equal to the annual salary is unprecedented.
"We always emphasize the importance of fostering a sense of ownership among our employees, and the best way to foster this is to distribute stocks to them, allowing them to truly become owners of the company. Therefore, we will distribute 100 shares of stock to each DS Pharmaceuticals employee."
This is not over yet.
"In addition, all company executives will be granted stock options based on their rank. For example, President Mao can purchase 50,000 shares at par value after one year."
Everyone was silently calculating in their minds. Now DS Pharmaceutical's stock price has risen to 300,000 yuan per share. Given the company's profitability, it is entirely possible that it will rise to 1 million yuan per share in the future. Giving each employee 100 shares is equivalent to a reward of 100 million yuan (about 530,000 RMB).
As an executive, you can also obtain stock options. The par value of each share of DS Pharmaceuticals is 5,000 yuan. If the price per share increases to 1 million yuan, it will increase 200 times.
The par value of 50,000 shares is 250 million yuan. When it rises to 1 million yuan per share, it becomes 50 billion (about 265 million RMB).
It can be said to be an unprecedented reward.
Park Jin Hyuk reiterated, "To foster a sense of ownership among employees, empty slogans alone are not enough. This sense of ownership and belonging to the company must be supported by material benefits."
Park Jin Hyuk slowly looked around at everyone.
"I want to tell every employee of DS Group that the company's profits will be shared with everyone. No one will be unfairly treated. Today, we're talking about DS Pharmaceuticals. I hope every subsidiary will receive similar rewards in the future. As long as profits are generated for the group, all relevant employees will benefit. If we do this, then without further explanation, employees' sense of ownership and belonging will naturally develop. I hope everyone here understands this."
Park Jin Hyuk's impassioned speech ignited the passion and enthusiasm in everyone's hearts.
The meeting ended in this atmosphere.
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