In the performance report, the most eye-catching one is undoubtedly DS Pharmaceuticals.
Mao Dayong said, "Let me report to you on DS Pharmaceutical's operating performance. In the past fourth quarter, operating revenue increased 30 times compared to the previous quarter, reaching 12.3 trillion yuan (approximately 65.1 billion RMB), with operating profit of 4.8 trillion yuan and net profit of 3.3 trillion yuan (approximately 17.5 billion RMB). This is what we achieved within two months of launching the Paris flu vaccine."
The achievements of DS Pharmaceuticals have amazed everyone.
Park Jin Hyuk asked, "How many batches of vaccine sales are included in the fourth quarter performance? Does it include the second batch?"
"The data I reported only includes the sales of the first batch of vaccines. The sales of the second batch of vaccines will be reflected in the first quarter performance of this year. We now expect the operating income for the first quarter to reach 25 trillion to 35 trillion yuan (about 185.2 billion RMB)."
Park Jin Hyuk asked, “Why is the range of estimates so wide?”
"The reason for such a large span is whether the third batch of export sales is included. We strive to complete part of the third batch of vaccine sales in the first quarter. According to the current trend, when all export sales are completed, the peak sales revenue may reach 70 trillion yuan (about 370.4 billion RMB)."
Park Jin Hyuk smiled and nodded. "Excellent! DS Pharmaceuticals has achieved unprecedented leaps in development."
Now the quarterly operating income of the entire DS Group is only 60 trillion (about 317.5 billion RMB), while the revenue of DS Pharmaceuticals alone is expected to reach 70 trillion, which is unimaginable.
Mao Dayong continued, "We have set aside 10% of our revenue for technology research and development, aiming to ensure our world-leading position through continuous technological research and development."
Park Jin Hyuk pointed out: "In addition to independent research and development, we should also consider acquiring advanced technologies through mergers and acquisitions."
After Mao Dayong finished his report, DS Electronics came next.
President Qiu Guangzhu stepped forward and said, "Because consumption is still in the difficult process of recovery, DS Electronics encountered considerable growth difficulties in the fourth quarter of last year."
DS Electronics achieved a revenue of 15 trillion yuan (about 79.4 billion RMB) in the fourth quarter, which is a good result. However, due to the brilliant appearance of DS Pharmaceuticals just now, the performance of DS Electronics seems not so impressive.
Park Jin Hyuk encouraged Qiu Guangzhu, saying, "Due to the epidemic, DS Electronics' sales once showed a downward trend, but through hard work, it has now regained its growth momentum. I hope that all DS subsidiaries can work hard like DS Electronics to get their business operations back on track."
He glanced at the attendees and said, "Last year, DS Group made huge profits by successfully launching vaccines. I hope to share this profit with all of our subsidiaries. For example, when DS Pharmaceuticals builds a factory, we can hand over the construction to DS Construction, and when we need to go public, we can hand over the related business to DS Securities."
Park Jin Hyuk's speech aroused the interest of all participants.
"Some large companies like to encourage internal competition. I don't advocate for that, but we can't let it run its course either," Park Jin Hyuk said, raising his voice. "Therefore, we will conduct corresponding assessments of each subsidiary. While gaining internal support, they must also produce commensurate results. If they fail to do so, they will be penalized."
He glanced at the presidents of Dongjing Industry and said, "The same approach will be adopted in all of Dongjing Industry's subsidiaries. Of course, we can wait until the business integration is completed before implementing it. You can discuss it internally first."
After saying that, Park Jin Hyuk ended the meeting.
As soon as Park Jin Hyuk walked out of the meeting room, the presidents started talking.
The president of Dongjing Corporation asked the president of DS Trading Company, who was sitting nearby, "Vice President Park is asking each subsidiary to support each other's business. This is a good thing. We'll be able to keep ourselves busy for years with our internal SI (Note: Space Identity) design business."
The president of DS Trading Company said with some concern, "It's not that simple. Didn't you hear what the vice president said? While obtaining internal business, you also have to undergo corresponding assessments."
“Haven’t performance reviews always been around?”
"The assessment the vice president is talking about is not an assessment in the usual sense."
"Is there any difference?" The president of Dongjing Corporation looked at the other party with confusion.
"Are you aware of the DS Group's organizational restructuring? DS Electronics recently underwent a large-scale restructuring." The president of DS Trading Company pointed at Qiu Guangzhu. "Because an employee committed suicide by jumping from a building, Vice Chairman Park was forced to answer questions from the National Audit Office."
"I know. I saw it on TV."
"After the national government inspection concluded, DS Electronics underwent organizational restructuring. Executives involved in bullying were prosecuted, and some executives with similar issues resigned voluntarily, while others were blacklisted, preventing them from finding employment at other companies after leaving DS."
"Is it that serious?" The president of Dongjing Corporation was very surprised.
"What's different about DS's organizational adjustments is that they primarily target senior and mid-level managers, and usually not ordinary employees. So we have to be more careful in the future."
*** *** ***
The car that Park Jin Hyuk was riding in stopped in front of Qingyi Pavilion, a restaurant run by Chairman Han Junhuan's wife, Ms. Zheng.
After getting out of the car, Jin Junyu said, "The boss lady has reserved a private room for you."
"Okay, we should do it more secretly."
As he spoke, Park Jin Hyuk walked into the gate of Qingyi Pavilion.
Ms. Zheng and several foremen were already waiting for him at the gate.
"Vice President Park, welcome."
"Hello, why do you look so haggard?"
Ms. Zheng smiled awkwardly and said, "Thank you for choosing me to host your distinguished guests. I hope you will come here often in the future."
"You're welcome."
"Please follow me."
As she spoke, Ms. Zheng led Park Jin Hyuk to the reserved room.
This wing is independent of the main building of the restaurant, with an antique atmosphere and more private.
I saw the waiters running back and forth, making preparations.
Ms. Zheng explained: "You came a little early, so you haven't finished preparing yet."
Park Jin Hyuk followed Ms. Zheng to the private room in the compartment and sat down.
"Please wait a moment, I'll ask them to prepare it as soon as possible." After saying that, Ms. Zheng was about to turn around and leave.
Park Jin Hyuk said, "Wait a moment, please sit down, I have something to tell you."
"Isn't there a VIP coming soon?" asked Ms. Zheng.
Park Jin Hyuk said, "I arrived half an hour early because I wanted to talk to you. I believe that after this conversation, your mood will improve a lot."
Ms. Zheng hesitated for a moment before slowly walking over and sitting down opposite Park Jin Hyuk.
Park Jin Hyuk asked, "Do you have any concerns?"
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