Reborn since 1993

Chapter 1230 The Fundamentals are as Stable as an Old Dog
This year, Dongling Hi-Tech's revenue will increase significantly compared to last year, a fact that the senior executives of Dongling Hi-Tech in the conference room are all aware of.

After all, Dongling High-Tech, along with its subsidiaries such as Feiyan Technology and Torch Group, has performed exceptionally well this year.

Feiyan MP3 players, Hasee computers, and Hasee all-in-one PCs are all selling like hotcakes. The Hasee 2nd generation alone, plus the Hasee 1st generation released last year, has sold nearly three million units in total, both domestically and overseas.

To put this into perspective, Shenzhou desktop computers alone could very well contribute over two to three billion US dollars in revenue to Dongling Hi-Tech this year!

Shenzhou computers, along with new products such as Feiyan MP3 players, as well as Shenzhou digital cordless phones, electronic dictionaries, repeaters, and USB flash drives, which have been best-selling products since their launch, continue to enjoy strong sales this year.

In terms of the overseas environment, although the economy in Southeast Asia has not fully recovered, it has at least stabilized its downward trend and the market is slowly recovering. Dongling Hi-Tech's revenue in Southeast Asia is also steadily increasing.

The American and traditional European markets are actually very successful, and Dongling Hi-Tech's revenue in these markets has increased significantly.

On the other hand, the products of companies under Dongling Hi-Tech or invested in, such as Gangcheng Telecom, Founder Computer, Torch Group, Aigo brand of Huaqi, Focus Media, and BackJoy, have all performed exceptionally well this year!
The combined revenue from Dongling Hi-Tech's headquarters, branches, invested companies, and the dividends from its component supply chain companies has caused Dongling Hi-Tech's revenue to explode this year!
Last year, affected by the Southeast Asian economic crisis, Dongling Hi-Tech's revenue was US$7.1 billion, which far surpassed its domestic counterparts. However, Dongling Hi-Tech's revenue also plummeted by nearly 30% last year. This year, Dongling Hi-Tech not only completely recovered its losses but even doubled its profits.

What was the revenue for the first three quarters?

The philanthropist Li asked the question that everyone in the meeting room was most concerned about.

"The statistics are not yet fully released; only some industries are included. Revenue at the end of the year may still change."

According to estimates, Dongling High-Tech's revenue for the first three quarters of this year is around US$157.5 billion!

Upon hearing the figures Ren Yuefeng mentioned, Zhou Zhengyang, Wei Taining, and others who had recently joined Dongling High-Tech were all speechless with astonishment.

They had heard that Dongling Hi-Tech was the most profitable technology company in China, bar none, and knew that Dongling Hi-Tech's blockbuster electronic products were the most lucrative in the industry.

But no one expected that he could be so powerful. Now Zhou Zhengyang seemed to understand why Li Dongling spent so much money to set up a disciplinary committee to catch oil thieves, embezzlers, and traitors.

If these scoundrels are left unchecked and allowed to plunder Dongling High-Tech, who knows how much money they will end up taking from the company!
Even now, Zhou Zhengyang's knife has never stopped, yet he continues to uncover those who are lining their own pockets from within Dongling High-Tech.

Unlike Zhou Zhengyang's worries about how long the cat-and-mouse game of the Disciplinary Committee would last, Wei Taining, the head of Dongling High-Tech's automotive division, felt that spring seemed to be coming for his division!
The automotive industry is extremely capital-intensive. Shanghai's automotive industry is able to invest billions of dollars to build factories and introduce technology only because it is backed by the Shanghai municipal government, which has the highest economy in the inland region.

Other car companies that want to follow Shanghai Automotive's example and go big from the start simply cannot, because they simply cannot find big investors.

Previously, Wei Taining was also worried about where the funding for Dongling High-Tech's automotive division would come from. Although Li Dashanren had promised him a lot, Wei Taining was still worried.

Now, after hearing Dongling Hi-Tech's estimated revenue for the first three quarters, Wei Taining's worries vanished without a trace.

If Dongling Hi-Tech can't even support an automotive division, then Wei Taining doesn't know which company in China can!

Li Dongling rubbed his cheeks. Dongling High-Tech had previously poured a lot of money into research and development, and now it seemed that it had received a "little bit" in return.

Based on this estimate, Dongling Hi-Tech's revenue this year could break the record of over 20 billion US dollars!
To put this into perspective, in inland China, this revenue is only comparable to that of state-owned giants like Inland Petroleum, Inland Petrochemical, China National Tobacco Corporation, Bank of China, and Industrial and Commercial Bank of China. In the technology industry, especially among private companies, Dongling High-Tech can truly say that everyone here is just a junior partner...

As for the Asian market, Dongling High-Tech's revenue is not enough to rank it in the top 50. The top 50 companies in Asia this year are Nippon Steel, with revenue of US$265 billion.

As for the top ten companies, they are all Japanese companies, which shows the strength of Japanese companies these days. Panasonic ranks tenth with revenue of US$598 billion. After that are Hitachi, Toyota, Mitsubishi, Mitsui and other conglomerates. Mitsubishi ranks first with revenue of over US$1289 billion, which is simply too powerful.

The Japanese telephone and telegraph company that bought Xiaolingtong from Dongling High-Tech is also on this list, with revenue reaching $769 billion.

Although Dongling Hi-Tech's revenue is not yet among the top 50 in Asia, it is definitely on the list of Asian technology companies.

The only companies that can outperform Dongling Hittech are Hitachi, Panasonic, Sony, Toshiba, and Canon. Samsung, which has suffered a major setback, may not even be able to match Dongling Hittech's revenue this year!
"It seems that everyone will have a prosperous year this year, and everyone will receive a big red envelope!" Li Dongling's words brought a burst of laughter to the meeting room.

Li Dashanren has never been a stingy person. From the very beginning of Dongling High-Tech's establishment, he has been giving out year-end bonuses, and after the new year, there are also New Year's red envelopes.

In addition, benefits such as housing subsidies, meal allowances, transportation subsidies, birthday gifts, summer high-temperature subsidies, and winter low-temperature subsidies have been continuously improved in recent years.

Dongling Hi-Tech's employee benefits are basically unmatched, and this year, given Dongling Hi-Tech's revenue, the year-end bonus and profit sharing are expected to be much more generous than in previous years!
But most people in the conference room were still stunned; Dongling Hi-Tech's revenue had a huge impact on them.

At this moment, it seemed that these executives of Dongling Hi-Tech finally realized what kind of entity Dongling Hi-Tech was.

I also understand why Pingyang, Hanxi Provincial Capital, Yanjing, Yangcheng, Gangcheng and other places attach so much importance to Dongling High-tech, and I truly understand what the saying "the livelihood of millions of canal workers depends on them" really means!
Once Dongling Hi-Tech's revenue for this year is officially released and reported by the media, the vortex it has stirred up, as well as its status in Pingyang and other places, will probably rise several notches again.

Dongling High-Tech alone has practically propelled Pingyang's GDP to new heights. If all goes as expected, Pingyang is poised to be another dark horse this year, climbing several more places in the national city rankings…

"Entering the fourth quarter, Dongling Hi-Tech's most important task remains ensuring the production capacity of products such as the Shenzhou 2nd generation computer, Shenzhou A1 all-in-one machine, and Feiyan MP3 player."

Additionally, efforts should be made to stabilize sales of products such as digital cordless phones and electronic dictionaries.

Ren Yuefeng reported to Li Dongling that Dongling Hi-Tech's plan for the last quarter was basically to stabilize products such as electronic dictionaries while maximizing the production capacity of Shenzhou computers.

To be honest, Ren Yuefeng has grown to admire Li Dashan's judgment more and more over the years.

Dongling Hi-Tech's products, such as digital cordless phones, are like evergreen trees, unassuming yet selling like hotcakes in markets like old Europe and America every year.

In a corner unnoticed by most, digital cordless phones contribute over a billion dollars in revenue to Dongling Hi-Tech every year.

This market is practically Dongling Hi-Tech's core territory and backyard; no competitor can take it away. Currently, apart from Siemens and its digital cordless phones, other companies, while not exactly giving up, simply cannot compete with Dongling Hi-Tech.

Of course, Dongling Hi-Tech is constantly innovating its digital cordless phone features, releasing a new generation almost every year to maintain its market position.

Moreover, as time went on, the digital cordless phone market not only did not decline, but also showed signs of rising in emerging markets such as the inland areas, allowing Dongling Hi-Tech's revenue in the digital cordless phone market to begin to grow for the first time.

At this rate, it's likely that digital cordless phones will continue to generate revenue for Dongling High-Tech for another decade or so.

Moreover, it's not just digital cordless phones; products like USB flash drives, electronic dictionaries, repeaters, and posture correctors also enjoy consistently strong sales.

Other companies' products are popular for a while and then no one cares about them anymore, but Dongling Hi-Tech's products have all established their own core customer base.

This kind of vision in research and development and product selection is unique in the inland technology industry, except for Dongling High-Tech!
"Next year, due to business needs, Dongling Hi-Tech may need to launch a large-scale recruitment drive. The functional departments of Dongling Hi-Tech's headquarters will need to begin relocating to Dongling Hi-Tech's new global headquarters in batches!"

As Ren Yuefeng spoke, he glanced in Wei Taining's direction. Dongling Hi-Tech's new global headquarters was not yet completed, and only a portion of it was finished, with only a few office buildings constructed. However, Dongling Hi-Tech had to start the relocation.

Dongling High-Tech's automotive division is about to start operations, which requires recruiting a large number of people.

It's important to know that the automotive industry is a major contributor to employment. A single car company can drive dozens, or even hundreds, of upstream and downstream companies in the supply chain, contributing tens of thousands or even hundreds of thousands of jobs and becoming a pillar industry of a city.

Dongling High-Tech's automotive division is certainly not at that stage yet, but it needs to recruit staff in the early stages. However, the Dongling High-Tech headquarters on Changqing Road is simply too small to accommodate everyone; there isn't even enough room for a single desk.

The buildings along Changqing Road in Pingyang are mainly three- or four-story buildings. Currently, some of these buildings are used by municipal government departments that need to work closely with Dongling High-Tech, such as the Pingyang Tax Bureau, Pingyang Police Station, Pingyang Bank, investment promotion department, and urban construction department.

The remaining street-side buildings have all been acquired by Dongling High-Tech!
(End of this chapter)