Chapter 405 What kind of cool operation is this?

On August 31, Gao Yang convened the board of directors again. This time it was a pure board of directors, with all directors participating. Boss Feng, who served as the company director on behalf of CPI, participated in the meeting via video in Shudu.

Gao Yang first introduced the transfer of the 51 Guardian desktop business, which has completed business negotiations and generated US$90 million in proceeds, and plans to hold a joint press conference with Qihu Technology on September 8.

Then, Gao Yang said again: "Dear directors, we are convening a meeting today. There is another important agenda. The group originally planned to start the investment and construction of the headquarters building early next year. Now that it has completed the transfer of the majority stake in the 51 Guardian desktop business, the construction of the headquarters building can be completed.

Site selection has started in advance.

Our first choice address is the Shangdi Development Zone, which is close to the North Fifth Ring Road. Although it is a bit far from the main city, there are many large technology companies concentrated in that area.

My suggestion is that while land prices are not high and project costs are not high, consider acquiring about 600 acres of land and plan to build a headquarters building and a joint research institute with a construction area of ​​300,000 square meters. Then consider building a building that can accommodate about 3,000 people.

Staff dormitories.

This project is planned to be the 51 Science and Technology Industrial Park..."

Feng Jinsong, who rarely attends board meetings and rarely speaks, was shocked in the video and said: "Gao Yang, you can't handle such a big project in the capital with an investment of 1 billion, right?"

Gao Yang smiled and said: "Mr. Feng, today is just the first time to propose a motion to convene a preliminary discussion by the board of directors. The specific project budget will only be clear after evaluation. I estimate that the overall budget will exceed 1.5 billion, or even more."

Wu Bo was surprised and said: "Gao Yang, the investment is too big. Can the company's cash flow be able to withstand it? The transfer income of 51 Guards is only over 700 million."

Gao Yang said: "Teacher Wu, we don't need to use the investment income from 51 Guards. I plan to use this fund mainly for overseas investment. I expect to get a very good return in about two years."

In addition, some directors do not understand the current investment income of each project company in the A-share market. Let me give you a rough account. Currently, the total floating profit of each company's A-share investment account is about 600 million, and it is expected to at least double next year.

In addition, this year, mainly Jiaoyang Company, including all other Internet platforms, the group's total revenue is expected to reach about 800 million, of which Jiaoyang Company's revenue is expected to reach about 400 million.

In 2007, the group's total revenue is expected to exceed 1.5 billion. With the growth of 51pay's users, our Internet business's cash flow is expected to increase significantly.

The initial capital for the construction of the 51 Science and Technology Park is still considered to be raised through bank loans. This year, a loan of 600 million is considered to start the construction of this project.

In short, there will not be any problems with our cash flow, I can assure you of this.

Now that the construction of the 51 Science and Technology Park has been started in advance, a construction investment of 1.5 billion or even 2 billion can also be used to offset a lot of profits in tax, which is very cost-effective in terms of financial management.

Starting next year, each of our Internet projects will gradually usher in the expiration of the three-year preferential tax period. In the next few years, the investment and construction costs of the 51 Science and Technology Park will be amortized financially, and a lot of operating profits can also be deducted.

From the perspective of the company's long-term development, the construction of the headquarters building and science and technology park can be completed at one time, which is quite cost-effective in terms of the overall cost of the project.

The current investment is 1.5 billion or 2 billion. In a few years, the entire project cost plus the land price may exceed 4 billion.

Don’t forget, the Olympic Games will be held in 2008. Last year, housing prices in Beijing increased by more than 20%. This year’s prices have increased by about 15% year-on-year.

The sooner the 51 Science and Technology Park starts construction, the lower our investment cost will be..."

After Gao Yang explained, Wu Ruohan was the first to stand up and support: "Directors, please rest assured, Mr. Gao never makes uncertain decisions.

Before, 51 Group's real asset-liability ratio was very low, and now coupled with the bank loan of 600 million, it is not high either.

From a financial perspective, starting the investment in the headquarters building early will be very beneficial to us in adjusting our profits..."

Wu Ruohan explained the necessity of Gaoyang’s plan to use bank loans to start the construction of the headquarters building from the perspective of accounting professionals, and reminded everyone that as a shareholder of 51 Group, you should take a longer-term view. When the first listed company of 51 Group appears,

This is the beginning for everyone to truly get rich.

In the eyes of some directors, although Gao Yang's arrangement seemed a bit showy, they finally expressed their support.

Once there is a headquarters building, 51 Group's image in the industry will be greatly improved.

Secondly, no one can stop the decisions Gao Yang wants to promote. More people on the board of directors are Gao Yang's die-hard fans.

On September 8, a press conference jointly organized by 51 Guardians and Qihu Technology was held at the China World Hotel. This time, more than 200 mainstream media from across the country were invited.

Qihu Technology wants to use this press conference to build momentum for itself, and the transfer of 51 Guardian’s desktop anti-virus business with more than 50 million users has become a hot news.

For more than a year, 51 Guards used the free model to single-handedly destroy almost all competitors in the anti-virus software market.

Turning around, the company's core desktop business was sold, with a valuation of up to US$200 million.

In the eyes of media reporters, this is undoubtedly a showy operation.

This also proves that in the Internet industry, free is the most expensive. The development speed of the free model is terrible, sweeping thousands of companies.

Zou Hongwei was the protagonist of the press conference today. He gave a speech on the stage, talking about the future development prospects of Qihu Technology and promoting the 369 secure browser.

Tied to the famous 51 Guards, 369 Safe Browser will naturally spread rapidly through the more than 200 mainstream media invited today.

Today's large-scale press conference will cost millions more. In the next two days, media reporters will be arranged to visit Bashang Grassland.

Qihu Technology will bear 60% of this millions of promotion expenses.

After Qihu Technology takes over the operation of 51 Guards, it will be renamed 369 Security Guards. Zou Hongwei must also spread this matter through these media distributed across the country.

Zou Hongwei and Chang Dong, on behalf of Qihu Technology, spoke on PPT for more than an hour and made many heroic remarks.

During the reporter’s question time, an IT reporter asked first:

“I am a user of 51 Guard myself, and the experience is very good. The virus protection, scanning, computer cleaning, online patching and other functions are very useful.

Now, 51 Guards has transferred the entire desktop service to Qihu Technology and will change its name to 369 Security Guards.

I would like to ask Mr. Liu from 51 Guards and Mr. Zou from Qihu Technology. After changing the name of 51 Guards, are there any risks of user loss, or the possibility of a decline in product and service levels?"
Chapter completed!