1988: Back to the human world for a few years

Chapter 566 Watching the Fire from the Other Bank
(PS: I didn’t expect there would be so many big spoilers recently. It seems that considering the impact, I entered the last chapter and the original plan was cut again and again, which makes people feel very powerless. In the next few chapters, anything sensitive cannot be touched. I can only write about daily life.)
Mu Siyuan hated the lingering sticky and damp feeling in the office, and Yang Mo also hated working in a bungalow in such intermittent weather.

But there is no way. Dahua Company is a central enterprise, and a second-level unit of a central enterprise with asset management business. The nine-digit numbers that flow through the account and the plaque with dark red letters at the door are eye-catching enough. Therefore, if the office area is not low-key, it will be tantamount to poking people's eyes.

"Oh~ what a horrible weather!"

Sitting in his office chair, Yang Mo fanned himself vigorously: "I'll ask the refrigeration equipment factory in the city later. It's been almost half a year. Has there been any progress in the process research and development of small compressors? If there is any progress, let's ask the air-conditioning factory in Yucheng to tinker with a few air conditioners and send them over to test the effect... It's no use just taking the subsidy without doing any work!"

The temperature in the summer in Qilu is already high. Although it is cool when it rains, once the rain stops, the house will turn into a small sauna in less than an hour or two. This year, the summer rain is much more than in previous years, and it is intermittent. The air is filled with heavy moisture, and you can't even tell whether the moisture on your body is water or sweat. It's so uncomfortable.

Zhuo Mali, who was sitting opposite, looked up at the ceiling fan on the roof that had stopped working and laughed: "How can we rush the development of technology? Aren't you afraid that they will just get a batch of Mitsubishi compressors, grind off the inscriptions, and then assemble them to fool us?"

"By the way, Mr. Yang, you should ask the administration department to issue a document criticizing the power distribution room and deduct half a month's bonus from them."

Yang Mo waved his hand: "This is a bit unreasonable. The power outage in the industrial zone was not caused by them. If you want to cause trouble, you should go to the city to find trouble with the power company."

"Didn't you see that all the diesel generators have been pulled out of the power distribution room? Giving priority to supplying electricity to key facilities in the industrial park, such as the cold storage, is the correct operation in the work manual. I can't even commend them enough, but I'm deducting their bonus for half a month? Do you believe that they will stab me, the general manager, in the back when the time comes?"

The present is not the future. Not only is there a dire electricity shortage in Texas, but the aging of power transmission equipment is also a prominent problem. It has rained intermittently for more than half a month, and many old wires on outdoor power racks have been broken in two due to wind, overload of their own weight and other problems. As a result, small-scale power outages have become a daily routine in the past week or so, and even the Dahua Industrial Zone is no exception.

Hearing Yang Mo's words, Zhuo Mali looked at him with a smile: "I guess if the employees of Dahua Company heard this, at least one-third of them would burst into tears... The company has been established for a year and a half, and you, the general manager, are finally starting to act like the general manager of Dahua."

Yang Mo has always been indifferent to the employees of the Dongying Department. This is one of the biggest concerns of everyone in Dahua Company and also the biggest source of crisis. No one knows whether this eccentric but extremely domineering boss will use those satellite companies to completely undermine Dahua Company step by step, and finally reorganize it and get rid of all the Dongying employees... Although the number of Dongying Department employees accounts for more than 80% of Dahua Company, everyone knows that Yang Mo will not take this into consideration, and if he really does this, it is basically unlikely that anyone can stop him.

This uneasiness became more and more intense as Yang Mo's status rose step by step. Even after the establishment of Dezhou Urban Development Fund Company, Yang Mo coordinated a not small number of Dongying employees through Zhuo Mali to directly lead some important grassroots work, but it did not make them feel much more at ease... In the eyes of most people, this opportunity was obtained by a certain Minister Zhuo with pillow talk, and it was not Yang Mo's original intention. Once Minister Zhuo fell out of favor, those who were supposed to be unlucky would still be unlucky.

You know, the status of Dahua Company in the entire Qilu Petroleum System is highly similar to that of Momo Baitou in the Drilling Company. Not only does it have good benefits and high bonuses, but because it is the main force in solving the employee diversion, its comprehensive weight is far beyond the comparison of other secondary units. As long as you stand out and say that you are from Dahua Company, the deputy section chiefs of other brother units will even offer you a cigarette. All other invisible conveniences are even more inhumane... So if possible, no one wants to be transferred from Dahua Company.

And what Yang Mo said just now, although it was a very small thing, it represented an attitude - this guy finally began to treat the employees of Dahua Company's Dongying Department as members of his own team.

Yang Mo smiled upon hearing this, but his tone was somewhat helpless: "I have to change my attitude. Now my business is so big, Momo Baitou and affiliated institutions such as Xialiu Sales Agency have already reached their talent capacity limit. It won't be long before we officially sign a contract with Shen Xing. After the contract is signed, our business will be even bigger."

"Besides, this cooperation with Shen Xing and his team is quite different from the usual projects. For comprehensive considerations, no matter whether it is Qingfeng Food or Xialiu Distribution Agency, it is not suitable to directly connect with the follow-up work. In addition to asking Dahua Company to take action, I can't think of a more suitable solution for the time being."

Upon hearing this, Zhuomali smiled.

Yang Mo's large-scale investments and rapid progress have resulted in an unstable foundation and extreme shortage of manpower, which have always been his well-known weaknesses. Regardless of whether it is Dahua Company or Urban Development Fund Company, the reason why many people tolerate his overbearing behavior is largely because they have identified this weakness and adopted a dormant strategy.

As the saying goes, a good cook cannot cook without rice. No matter how capable you, Yang, are, it is impossible for you to accomplish everything with just the few talents under your command, right?

When your business gets bigger and bigger and you have to hire a lot of my people, and when my people have established themselves, I will slowly settle old scores with you.

It is obvious that this cooperation plan with Shen Xing has fully exposed Yang Mo's talent dilemma, especially the talent dilemma within the system.

After the official signing, many people will probably be overjoyed when they see the subsequent personnel arrangements, right?

However, the more she got along with this boss who was two years younger than her, the more Zhuo Mali had a mysterious confidence in him. She would not believe that Yang Mo didn't know what those old foxes were planning, nor would she believe that Yang Mo didn't have any response plan in his mind.

Seeing the mature woman gloating over her misfortune, Yang Mo glared at her unhappily and said, "It's settled. Send me an application report so that I can approve the award."

Zhuo Mali was stunned when she heard this: "I'm the one who applied?"

You know, she is currently working at Dahua Company instead of Dezhou Urban Development Fund Company, and her identity is merely the director of the Legal and Compliance Department, not the assistant to the general manager who can be in charge of everything. Therefore, it is a bit too abrupt for her to submit this application report.

Yang Mo glanced at her and said, "Don't many people in the company think that the reason why those people from various departments were transferred to the Urban Property Fund Company to be responsible for the application of rural infrastructure projects was because of you... Since there is a stereotype, don't correct it casually."

To put it bluntly, they were planning to give this peach in front of them a small gift, so that the people below would think that this might be very common in other units, but it was an unprecedented award in Dahua Company, and it was obtained by Zhuo Mali for them.

In this way, after they officially sign the contract with Shen Xing and get a pleasing personnel arrangement, they will naturally subconsciously attribute the credit to a certain Peach who is said to have an indescribable relationship with Yang Mo... In the final analysis, Yang Mo knows too much about the dirty things in the system, and still does not have much trust in these little oilmen who have been in the system for a few years. Therefore, he wants to use this method to retain his distant and unfriendly image in the minds of everyone, and thus maintain the deterrent effect that he thinks he should have.

But this is a good thing for him, but not necessarily for Zhuomali.

Therefore, upon hearing Yang Mo's words, a certain peach immediately gnashed her teeth and said, "What a good plan to watch the fire from the other side of the river... Brother, you think that my work is not enough, right?"

Obviously, if Yang Mo, the general manager, did this kind of method of winning people's hearts and minds himself, there would be no problem; but if Zhuo Mali, the director of the Legal and Compliance Department, did it, it would definitely step on the nerves of a large group of people. State-owned enterprises have never lacked experts who are good at internal fighting, so it is conceivable that after the formal signing of the contract with Shen Xing and the personnel arrangements are made, Zhuo Mali's side will have something exciting to watch.

To be honest, although she should have shared the worries with her boss after getting on the boat, Zhuo Mali has had a heavy burden on her shoulders since she followed Yang Mo. It is really not fair to catch a sheep and pull it hard like this.

So, facing a certain peach with a resentful and almost angry expression, Yang Mo rubbed his nose with a guilty conscience, and then quickly changed the subject: "By the way, Sister Zhuo, I called you here today because I have something important for you to help with... Take a look at these documents first."

The benefits of Yang Mo's long-standing separation of public and private affairs were clearly evident at this moment. As he pushed several file bags in front of Zhuo Mali, even if a certain peach was in a bad mood, she had to put away her resentment and took the file bags and opened them. After all, it was working time now, and everything was based on work.

"what?"

"This is……?"

After taking a quick look at the materials in her hand, Zhuo Mali looked at Yang Mo in surprise.

Seeing this, Yang Mo smiled and said, "There has been some tension between me and my old father-in-law these past two days, and Xiaoya is caught in the middle and is in a dilemma... We are all in the system, so you should know why my old father-in-law is so angry this time."

"Since the starting point is for those clan members, then this problem is not difficult to solve. So Xiaoya means that since the allocation of equipment plans for the Solitary Island II project will greatly affect my plan, then we should not focus all our attention on the Solitary Island II... Isn't it just to take care of the livelihoods of those clan members? She can help to think of a solution. After all, the economic exchanges between China and Japan are very close now, and the island country market is so large. Just give some advice and help, and it will be enough for those clan members to live a good life."

Zhuo Mali couldn't help but twitch her lips when she heard this, but she didn't say anything more. Instead, she carefully looked at the documents in her hand and said, "Mr. Yang, what do you mean?"

Yang Mo waved his hand: "As long as it does not involve the Isolated Island II project, I am a very easy person to talk to. Besides, Minister Mu is fighting alone on the island country. It is reasonable for us to help her alleviate her worries."

After saying that, Yang Mo stretched out his finger and tapped lightly on the file bag: "This is the basic information of several companies in Yangxin. After the coordination of Minister Mu, these companies are generally willing to give up the Solitary Island No. 2 project and invest the preparatory funds prepared in advance into the new project... However, due to various issues such as qualifications and processes, if these companies want to get involved in the new track, they must first reorganize with the subordinate units of Minister Mu to establish a new project company."

Shrugging, Yang Mo showed a rather strange smile on his face: "Sister Zhuo, you also know that Yangxin built a halal instant noodle factory with a considerable asset scale at the beginning of this year. Now in Qilu, it is difficult to find a more convincing third-party asset evaluation agency than our Dahua Company, and we have the relationship with Minister Mu, so... the valuation of these projects and related companies will be handed over to your Legal Compliance Department and Risk Control Department!"

Zhuo Mali is not a fool, so how could she not hear the trick here?
He flipped through the documents in his hand, not knowing whether to laugh or cry: "Boss Yang, if you have any instructions, just tell me directly. After all, this is related to Minister Mu, so it's better for you to decide the scale."

Yang Mo chuckled and pointed to a document and said, "I know that the current valuation method in China is the cost method, but it is mainly aimed at state-owned enterprises, especially internal restructuring between state-owned enterprises. After all, those Yangxin companies are private enterprises. This project is a joint venture project targeting the instant noodle market in the island country, and the China-Japan Economic Promotion Association is in the middle. So it is not appropriate to use the cost method for valuation."

Zhuo Mali had done countless equity tree designs for him in the past year, and she immediately understood, "I see, Mr. Yang, since it is a fast-moving consumer product and a private enterprise, and it is targeting the overseas market, I will naturally use the market approach to do project valuation... However, as I said before, the scale is controlled by you after all. Which valuation method in the market approach do you think is better?"

The market valuation method is just a general term for a large category. There are so many different valuation methods that can be subdivided. Different projects in different industries are applicable to different market valuation methods. Each market valuation method has different focuses, and the points that can be used are also very different.

Yang Mo smiled and said, "Well, what Minister Mu and I mean is... since we are targeting the island country market, and the island country is a major consumer of instant noodles, the economic and trade ties between China and Japan are so close, and Minister Mu has accumulated a certain degree of social resources in the island country. With so many favorable conditions, it is more appropriate to use the [Comparable Company Method] to value this project, which will also make it easier to give investors sufficient confidence."

"As for the details of the subsequent evaluation work, it will be up to you, Sister Zhuo. I believe that with your experience, Sister Zhuo, you will be able to make this evaluation report beautiful."

Upon hearing this, Zhuo Mali resisted the urge to roll her eyes and nodded in agreement.

Yang Mo has hinted so clearly. If she still doesn't know what to do next, then all these years will have been in vain.

The so-called "comparable company method" is simply to select a peer company in the market with a similar track and similar asset scale as a benchmark, and then use similar publicly traded comparable asset information to derive a value package with little fluctuation, and then break down the structure of this value package to compare and calculate the asset valuation and proportion of each segment of the target project.

Although this is the valuation method most favored by the domestic investment community in later generations, there are simply too many things that can be written about it.

First of all, determining the comparable units of relevant markets and tracks is the biggest issue, especially for this era. Due to the differences in domestic and foreign market environments, foreign counterparts have more diversified business profit methods (stock markets, securities), which leads to the fact that foreign comparable units actually often have more bubbles. There are too many problems in using others as the underlying assets!
Secondly, after determining the overseas comparable units, calculating the key valuation indicators of the transaction and conducting a consistent comparative analysis of the similarities and differences in quality and quantity between the two is also a big trick. The fast-moving consumer goods market like instant noodles in the island country has long entered the red ocean era, and the business strategies of various companies are more focused on marketing (advertising, terminals). Therefore, if you use peer companies there as a benchmark, the proportion of hardware assets of the same scale in the equity structure will undoubtedly be much lower.

Secondly, after completing the above two steps, you still have to make necessary adjustments to the valuation indicators based on actual conditions to reflect the differences between the target assets and comparable unit assets... This is a highly subjective content. In this era of information blockade, the extent of the adjustment can only be determined by a third-party appraisal agency like Dahua Company. And it is guaranteed that Yang Xin’s group of relatives, or even Mu Siyuan himself, will not be able to tell the difference.

There's no way, who told you not to understand?

In addition, if multiple valuation indicators are used, the value indicators need to be weighted; and the generalization and adjustment of parameter indicators such as market segmentation, geographic region, income, asset size, growth rate, profit margin, leverage ratio, liquidity and diversity. Countless articles can be written about each link, and you have no room for rebuttal... Who made the instant noodle factory in Yangxin only started construction at the beginning of this year, and it has not been completed yet, and there is no basic market data to speak of?
After going over the series of hidden traps that could be used to make a fuss in her mind, Zhuo Mali looked at the young boss in front of her who looked as if nothing had happened, and she couldn't help feeling a chill in her heart.

It seems like you two want to completely sever all ties between the Mu family and Yangxin. You even start by using Yangxin's large instant noodle factory, which has invested tens of millions of yuan, as your plan.

For such a large commercial project, I'm afraid it has sucked up most of the funds those people could raise, right?
If the eldest sister of the Mu family used the deteriorating economy of the island country as an excuse to cheat them severely in the subsequent operations, I'm afraid those people would cry until they fainted, right?
Once bitten, one will be afraid of ropes for ten years. After being cheated two or three times in a row, who would dare to hope to gain benefits from the Mu family through legal means in the future?

Cruel enough!

Thinking of this, Zhuo Mali smiled with empathy: "Boss Yang, since we are in the instant noodle market, and China lacks the most basic understanding of the market conditions in the island country, then... how about choosing Nissin Foods and Toyo Suisan as comparable units? After all, although their [Original Chicken Ramen] and [Mixed Miso Noodles] have very good sales and can be regarded as one of the main products currently promoted, they are not the best-selling cup noodles of our company."

Anyone who has worked in marketing and been in charge of a project will immediately understand the ins and outs of this. But if you have never done it and lack the most basic marketing knowledge, you will never be able to figure out the reasons behind this.

Hearing this, Yang Mo immediately laughed: "Just follow Sister Zhuo, you can do whatever you want!"

After thinking for a moment, he added, "By the way, if nothing unexpected happens, the cooperation agreement between the Urban Property Fund Company and Shen Xing will be resumed in a week at most. After all, the nature of their system is somewhat sensitive, so it would be better if I can avoid showing up... You will represent me to attend the signing ceremony at that time."

Upon hearing this, Zhuo Mali stood there in a daze, and the look on her face when she looked at Yang Mo became increasingly strange.

After a long while, she smiled and stood up gently: "Okay!"

(End of this chapter)