After the "Three Meetings", Yao Yuan presided over the first meeting of the Chunfeng Group Appropriation Committee of the new year. At the meeting, the budget plans for directly affiliated units, strategic projects, major projects and other separate plans were reviewed and approved. Among them, the Chunfeng Academy of Science's 1996
The budget package is particularly eye-catching.
In 1996, the total expenditure budget of Chunfeng Academy of Sciences was 81.7 billion Chinese dollars, which is equivalent to approximately 9.4 billion U.S. dollars at the current exchange rate.
Where does the money come from?
Most of it comes from overseas profits, that is to say, through net profits attributable to the parent company, profits transferred domestically by affiliated overseas enterprises, etc., it is allocated to Chunfeng Academy of Science in the form of Huaxia currency.
Basically, it can be said that Yao Yuan allocated most of the profits to the Chunfeng Academy of Sciences. If it were not for Dongfang Petroleum's Baku Oilfield, the Sedan Oilfield is extremely profitable. When it was necessary to build the new capital of Kazakhstan for free, the Dongfeng Group was
There is no way to raise enough funds on your own.
In that case, to ensure sufficient budget, it is necessary to go public for financing, and it will take multiple companies to go public to raise tens of billions.
This will not be considered at the moment.
At the meeting, Lin Wei said, "The net profit attributable to the parent company in 1995 was 98.1 billion Chinese dollars, which is equivalent to 11.275 billion U.S. dollars. Let me give you a simple calculation. The first need is to invest 5 billion U.S. dollars in Kazakhstan's new capital construction fund.
, leaving 6.275 billion U.S. dollars, about 54.6 billion Huaxia coins, which is all our own funds this year."
"This money needs to be responsible for all expenditures. When 81.7 billion Chinese coins need to be allocated to Chunfeng Academy of Sciences, our gap is huge. Where does the missing money come from?"
Lin Wei's eyes slowly glanced at the first person in charge of the group company. This fat man's little eyes were slightly narrowed. He had always been approachable, but at this moment he was putting a lot of pressure on people.
After scanning the circle, Lin Wei said, "There are currently several measures. First, reduce administrative expenditure costs. Each group company's administrative expenditure costs this year must be reduced by more than 15% compared to last year. We must tighten our belts and live too tightly. Second
Second, the dividends of all executives of second-level companies and above are suspended this year and included in the next year's plan. Third, the group company must speed up diversified development and improve profitability as much as possible, especially Southern Industrial, Xiao Dong, Southern Industrial
It is a core asset, but the current profitability is not enough, so you must speed up."
Xiao Jiabing nodded, "Understood."
Lin Wei continued, "The joint-stock companies planning to be listed in Hong Kong must speed up the process and complete the listing financing as soon as possible. All funds will be allocated directly to the headquarters group."
He spoke for more than half an hour and listed more than a dozen specific measures, which must be written into the meeting resolution and formed into documents as requirements for issuance.
In general, the theme of 1996 is to concentrate resources on big things and cut down, stop and compress all minor and non-essential expenditures.
There are only two units that are not required to reduce costs, one is Chunfeng Academy of Science and the other is Headwind Logistics.
The total budget of Chunfeng Academy of Science last year was 11.8 billion Chinese coins, and this year it jumped to 81.7 billion Chinese coins, which is seven times that of last year!
Zhan Chenggui is under tremendous pressure!
Concentrating so much money on the Chunfeng Academy of Sciences is undoubtedly to come up with more cutting-edge technologies as soon as possible, to come up with cutting-edge technologies that have a major impact, cutting-edge technologies that can change the industry structure, and cutting-edge technologies that have revolutionary significance.
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The 81.7 billion Chinese coins in 1996 were far more powerful and significant than the 500 billion Chinese coins twenty years later.
The atmosphere of approaching war was felt by everyone.
As the top commander, Yao Yuan was very relaxed and joked, "Lao Zhan, all the group companies are fully supporting your work this year. You must really produce some results, otherwise we will take turns coming to your house for dinner.
We must take back the 81.7 billion."
Zhan Chenggui stood up and bowed to everyone present, "Thank you, comrades. I will hold a mobilization meeting when I get back and form a legion for a group army-style charge. Three hundred days later, if I cannot produce scientific research that can be explained to Mr. Yao and the comrades,
As a result, I will resign on the spot!"
A military order has been issued.
Su Wangting smiled and said, "Mr. Zhan, the French Ward Group has claimed all the daily expenses of your European R&D center. You can concentrate on doing big things."
"We, the Qianjin Group, will cover the daily expenses of the Novosibirsk R&D Center," Lu Sen said richly.
The size of the Novosibirsk R&D Center is second only to the headquarters of the Chunfeng Academy of Sciences, with nearly 10,000 scientific researchers. These are scientific researchers, not ordinary workers, and their daily expenses for a year are not a small amount!
Other group companies have expressed their intention to claim some expenses, which are nothing compared with tens of billions. However, this is the statement of the person in charge of the group company issuing a military order to Zhan Chenggui, indicating that they will advance and retreat together with Chunfeng Academy of Science.
Zhan Chenggui was so moved that he wiped tears on the spot.
This kind of scene can only be seen in Chinese companies. If they are foreign companies, it would be good if they do not undermine each other.
Yao Yuan finally emphasized, "No matter what you do, workers' wages and welfare benefits must not be reduced, and investment in several major projects must not be affected. The crisis we will face this year will be bigger and more serious than any previous crisis."
After a pause, he looked at Su Jianmin and Qin Zhenjun and said, "Three days later, I will go to Kazakhstan to preside over the exploration of new oil fields. The situation this time is different from the previous explorations. It is very, very difficult. Therefore, the most elite exploration team of Dongfang Petroleum
The drilling team will be transferred to Kazakhstan."
"If new oil fields can be found in the first half of the year, life will be easier in the future. Otherwise, the situation will be more tense in the future. Comrades must be mentally prepared."
The reason for the previous explorations was that he knew where oil could be produced, and there would not be a big difference between the left and right. But this time, he only knew that the Kashagan area has the second largest oil field group in the world. The problem is that the Kashagan area
It is so big that it extends from the shallow Caspian Sea to the land. Nearly one-fifth of Kazakhstan’s territory is the land mass where the Kashagan region is located.
Regarding the geological conditions of the Kashagan area, there is only one material from the national geological exploration during the Soviet period in the 1960s and 1970s, and the useful information is very limited.
Therefore, it is no exaggeration to say that this exploration is like finding a needle in a haystack.
The crucial all-member meeting of the Appropriation Committee ended, and after the resolution was issued, the entire Dongfeng enterprise felt a sense of crisis, a sense that time could not wait for us, and secondly, was shocked by such a large investment in research and development.
Everyone has a vague feeling that after this year, the headquarters group will either soar to the sky or decline, and Mr. Yao's entire wealth is staked on it...