Tao Liangchen
Chapter 872 Golden Piggy Bank
Driving the new car came easily. The Enzo was not only aesthetically pleasing, but also comfortable to drive, and exceptionally quiet when idling.
Even as a shareholder of Pagani, he admitted that a car like this had an appeal surpassing Pagani.
However, the company had customized five special limited editions for Su Yehao. He Shao Fan had even tried to pull strings to buy one last time. Tentatively named "Su-Fengshen," they were not yet completed.
They were no worse than the Enzo, and even more expensive, highly sought after by enthusiasts.
When Su Yehao picked up Zhao Yimeng at the entrance of the Zhao family mansion to take her to the company, it happened to be seen by a nanny of the Zhao family, who rushed to report it to her parents.
Mr. Zhao was about to go out when he learned that the nanny had seen Su Yehao with her own eyes. He was both happy and worried, saying:
"No wonder. I was wondering why our eldest daughter wasn't anxious at all. It turns out she already had a plan. However, our family's conditions aren't bad. Although not that extreme, there's no reason for her to live under someone else's roof, or people will laugh at us, won't they?"
Zhao Yimeng's mother, Jin Yu, also felt uneasy and said:
"I think so too. It would be nice to choose a nice young man and live a stable life. That Su boy has been trouble since he was a kid. Being with him is like a white rabbit running into the wolf's mouth. It's hard to last."
"That's true, but our daughter is all grown up and has her own ideas. Maybe she'll learn her lesson after hitting a wall."
Zhao Yimeng's father sighed, hesitated for a moment, and then waved his hand, saying, "Let's just pretend we didn't see anything and let her do as she pleases for now..."
Su Yehao had no idea he had been spotted.
Out of caution, he dropped Zhao Yimeng off at the entrance of Donghuang Group without getting out of the car himself. After saying goodbye, he continued on his way to the conference room of his hotel to discuss business with a team from the North.
At the beginning of this year.
Su Yehao and his father stayed in Si Jiucheng for more than half a month, during which they discussed issues related to additional investment.
It so happened that the mainland was short of money. Upon learning that Su Yehao was interested in hydropower stations, they even sent people to Baihetan to investigate and study the feasibility of building a dam there. Thus, with the help of various parties, today's meeting was arranged.
Both sides were wearing masks, so the handshake was omitted.
After hearing their introductions, he discovered that one of them was the vice president of the Changjiang Electricity Group.
Mr. Wang, who was responsible for arranging the meeting, introduced at this time:
"Changjiang Electricity Group, Mr. Su, you should have heard of it. 5s International Financial Investment Bank is mainly responsible for its listing preparations. This company was just established last year, integrating the Three Gorges Dam, Gezhouba Dam, and other generating units of the Three Gorges Project that have been completed and put into operation. In the future, it will be responsible for their power production management, which is a very large scale."
Su Yehao said with a smile:
"I have read the information, but since you are planning to list on the Shanghai Stock Exchange, you shouldn't be short of money. I have a lot of aggressive projects on hand, so I want to invest in a Baihetan Hydropower Station to balance my finances. I wonder what kind of cooperation is possible between the two sides?"
This time, the higher-ups took the initiative to connect them, and Su Yehao wasn't too clear about the situation.
In his opinion, the Changjiang Electricity Group, which is currently raising money to gradually acquire the Three Gorges generating units and transferring funds to the Three Gorges Dam to repay debts, although performing well, is a bit complicated, mainly to solve the Three Gorges debt problem.
Even if he participates, he probably won't get too much say and won't be able to take the initiative.
In this way.
Investing in it is like playing the stock market.
It is indeed very large, and the financing scale for listing on the A-share market is expected to reach the level of 10 billion RMB, with tradable shares accounting for about 30%.
In the later period, it will inevitably continue to increase shares for financing, and the stock price will be difficult to rise in the short term. Overall, it is not a good stock, and it will probably fall into the quagmire again.
If a hydropower station is built in Baihetan, the project will be very large, and may not be easier than the Three Gorges Dam.
Such a super project has become a way to balance finances in Su Yehao's mouth.
From the current point of view, it is a bit exaggerated.
Mr. Wang muttered a few words in his heart, still smiling on his face, and introduced:
"We think it's better to solve the immediate problem first. If President Su is willing to invest funds in the Changjiang Electricity Group, it is almost equivalent to controlling part of the existing Three Gorges Dam, whose generating units are already in operation."
"If we raise more money this time, when we have money on the books in the future, we can also invest in other hydropower stations. The Baihetan project has actually been planned for a long time and will be developed sooner or later."
"The Three Gorges has a total of twenty-six generating units, with an average acquisition price of about 4.5 billion RMB per unit. In the future, the total annual power generation is expected to reach about 85 billion kilowatt-hours, which is equivalent to an average of about 3.3 billion kilowatt-hours per generating unit. The grid-connected electricity price per kilowatt-hour is 0.15 RMB, which is equivalent to an annual return of about 500 million RMB. Even if some taxes are paid, the investment can be recovered in a short time..."
Su Yehao had already seen these data in the report.
The total power generation may increase, and the grid-connected electricity price will probably rise.
If the dam's lifespan is long enough, and the funds returned each year are used to invest in other high-yield projects, with compound interest, it is indeed possible to make a lot of money.
After calculating the gains and losses, it seems that there is no difference from investing in a hydropower station by oneself, and it saves time and effort, and the initial investment cost is relatively small.
After listening to Mr. Wang, Su Yehao nodded and asked, "In short, you mean you want to raise more money from me to buy other generating units in advance, right?"
Now the Three Gorges is still burdened with huge construction debts, and the interest is relatively high.
Once the Changjiang Electricity Group takes over, since it is using financing money, the interest expense is gone, and it becomes responsible for its own profits and losses, and the pressure on the higher-ups will be much less.
Mr. Wang replied:
"That's about the meaning. This time, we plan to use a total of about 18 billion RMB to acquire four units first, which is still a bit short. After the experts studied it, they felt that an underground power station can continue to be built in the Baishijian Mountain in the right bank dam, equipped with six 700,000-kilowatt hydro-turbine generators, which requires a large amount of money."
Su Yehao asked further: "So how much do you want to raise?"
"Two generating units, four are also fine. 5s Asset Management Company may be able to establish a hydropower fund..."
One generating unit has an annual profit of 500 million RMB, and the after-tax net profit is almost 400 million RMB.
Compared with the purchase price of about 4.5 billion RMB, the annual net profit is less than 10%, but considering that the net profit can be reinvested, Su Yehao feels that he can make money no matter how he calculates it with his investment vision.
The key issue is that this account is a bit complicated, and how much profit can be made needs to be discussed further.
However.
A cunning idea appeared in Su Yehao's mind. He felt that there was an opportunity to directly mortgage the shares of Changjiang Electricity Group, which is equivalent to borrowing money from the bank to purchase generating units. The profit earned can be used to pay off the loan interest, and he can still eat some interest rate difference.
Including the appreciation of the shares themselves, this thing is suitable as a piggy bank to save money in it every year.
When there is enough money in the future, whether it is stable or not is more important than making more or less money...