Chapter 480: The end of the year and the beginning of the new year

'Nowadays, our raw wine is generally stored for less than a year before being bottled and sold. In the future, we will also have to store it for three to five years before bottling and selling it.' The longer the raw wine is stored, the better the quality will become.

Good wine is made by aging; white wine is not afraid of aging.

'In that case, the pressure on our capital will be considerable.'

Just imagine, tens of thousands of tons of raw wine are stored in the tanks, and that's all money.

The value is at least one billion yuan.

If it is really necessary to store the wine for several years before selling it in the future, the factory may maintain a storage capacity of 100,000 tons of raw wine in the tanks for a long time.

Billions of dollars will be tied up there.

As everyone knows, money needs to be circulated in order to generate profits. Obviously, it is not realistic to have so much capital tied up here for several years without moving.

Han Songlin thought of a business that distilleries will often need to use in the future: pledging!

That is, the still liquor in stock is directly pledged to the bank, and the funds obtained are used to make some other investment business.

When it comes time to use this liquor, it is redeemed.

For banks, engaging in liquor pledging, especially pledging this kind of famous liquor, carries very little risk.

So they are quite willing to do it.

'Then pledge the wine to the bank. The money you get can be used for investment or something. Previously, our business strategy was perhaps a bit conservative.'

Xu Lu stared at Han Songlin with wide eyes. Previously, the business strategy was conservative?

If someone else hears this, they might want to hit someone.

Xu Lu was lying in bed alone in the quiet of the night, thinking about the historical development of Fule Wine and Xinghai Group.

Then he compared it with other domestic companies.

He found that the management was too aggressive.

Han Songlin thought about the economic crisis, which had little overall impact on China, but had a big impact on certain industries. 'That's right, the company still needs to set aside some reserve funds.'

'Will there be a dividend this year?' Xu Lu came to Jiangzhong and wanted to ask Han Songlin whether Fule Wine would pay a dividend or not this year.

Han Songlin looked at Xu Lu and pondered slightly. Fule Wine Industry is now a listed company, and many employees of Xinghai Group hold shares in Fule Wine Industry.

Xu Lu is naturally no exception.

Han Songlin: 'What do you think?'

'No dividends.'

'Oh, why?'

Xu Lu: 'Compared to giving the money out as dividends, I'd rather use it to complete our hotel plan.'

In the capital city, Xu Lu has already negotiated with the capital city and will invest 1.5 billion yuan to build a five-star garden-style hotel.

Garden-style hotels are still a novelty in Huaguo at this time.

At this time, people think that a hotel should be a square building, and the kind of high-rise hotel in Europe is called a hotel.

But since Fule Wines was going to invest, there was no reason for the capital city not to welcome it. And although the land for the Fule Hotel was a bit large, they didn't want land in the city centre, but in the suburbs.

There was no shortage of land in the suburbs!

Without a doubt, it was approved.

It was only 1,200 mu of land, and they were buying it with real money, so why not approve it?

In addition to obtaining land in the capital city to build a hotel, Fule Wines also obtained land in other cities in the country to build.

The size of the land varies, but the smallest lot is 500 mu.

It is only now, when land prices are so low, that Han Songlin dares to play like this. Even if the hotel fails, as long as he has the land, he will still make money in the end.

When you have the confidence, you can do things differently.

Liu Yuyan saw that the two were so engrossed in their conversation that they had forgotten to eat, so she interrupted, 'You're not eating your vegetables, they're getting cold.'

'Right, eat your vegetables.'

At the end of the year, Han Songlin became very idle, and everything at the Xinghai Group developed as it should.

Usually, Han Songlin would pay attention to the situation of Tang Yan and the others, who were far away in Xiangjiang.

Tang Yan's team had grown quite a bit.

They had specially rented three floors of an office building in Xiangjiang as their office location.

THC's investments in the foreign exchange market and stock market had reaped many gains, and naturally, the company's size was also expanding.

Just look at the fact that they rented three floors in a short period of time and the company quickly expanded from 15 employees to 100 employees.

As a top global financial centre, there are always many financial professionals in Hong Kong.

So it is really easy to recruit outstanding financial talent, as well as lawyers and accounting talent.

After Tang Yan and Chen Xin had completed the company's staffing, it became easier to control market information.

At least in terms of information collection, they didn't have to rely entirely on Zhou Tong's people.

Han Songlin didn't ask Tang Yan how much money they had made so far; when it came to finance, the money on the books was never real money, just a bunch of numbers.

Only the money that had actually been pocketed was real money.

Han Songlin saw that Tang Yan and the others were doing well, so he borrowed 1 billion yuan from a bank in Xiangjiang, using the shares of Fule Wines as collateral. The money was directly handed over to Tang Yan and the others to manage.

This money was not an investment, but was instead given to THC Investment to manage, and THC Investment would then charge a management fee.

After Full Luck Wines went public, the stock price fell back somewhat, and only 28 billion yuan was left as the market value.

Then it continued to hover around this market value.

To be honest, this market value did not at all match the true situation of Full Luck Wines. In Han Songlin's opinion, Full Luck Wines should have a market value of at least 100 billion yuan.

Just the land that Fule has acquired will be worth more than 100 billion yuan in land prices alone in the future.

Well, at this point in time, the market value of Fule is still considered reasonable.

After New Year's Day, people's thoughts turned to the Spring Festival.

Before the Spring Festival, the Xinghai Group held a commendation meeting, as it had last year, to commend those who had made outstanding contributions to the development of the group.

Of course, the recognition of outstanding employees is still essential.

In addition, Han Songlin announced that Xinghai Group will continue to allocate 20% of its profits as year-end bonuses to employees.

Compared to last year, the distribution of this year-end bonus is more skewed towards technical staff and R&D personnel.

As for administration and sales, the year-end bonus looks similar to last year, but in fact the proportion has decreased.

It was only because in 1996, Xinghai Group made more money, and the base for the year-end bonus was larger, so it didn't show up very much.

The group also didn't take the initiative to mention this.

Immediately afterwards, Xingchenyuan also held its first academician meeting to lay out the future research and development of technology.

Right now, the number of academicians at Xingchenyuan is, to be honest, a bit small.

There are only a dozen or so.

Han Songlin's attitude is that it is better to have fewer than too many.

It was decided at the meeting that Xinghai Group would increase investment in research and development in applied technology fields such as metal materials, machine tools, mechanical technology, internet technology and electronic technology.

It was also decided to establish research in basic physics, chemistry, materials and mathematics.

This research would be carried out mainly at the university.

Another thing was to support the development of Xinghai College.

Everyone had to mobilise their connections and influence to bring in more outstanding talent to teach and do research and development work at Xinghai College.