The Three Gorges Dam hadn't been fully completed yet, but it was already in use.

Its main purpose was to regulate the flow of the Yangtze River and prevent floods in the middle and lower reaches, with power generation being secondary.

Initially, many departments tightened their belts and tried every means to raise money to build the dam, and they still owe a lot of debt.

It's true that the dam has started making money, but the payback period is too long. Counting the interest that needs to be paid, it's almost not worth it.

In addition, other hydroelectric power stations also burn money, so they thought of financing through reforms, introducing other funds, and striving to package other hydroelectric power stations together after the scale is expanded, which is convenient for management.

From an investor's point of view, the Yangtze Power Company is relatively stable.

For the government, it doesn't need to care about this small amount of money. It's better to withdraw as soon as possible and use the cashed-out capital to invest in other livelihood infrastructure projects to create more economic benefits. Moreover, even after withdrawing, it can still continue to collect taxes.

The consultants in Su Yehao's assistant's office spent a day studying this company and wrote a report for him.

According to the above statement.

Yangtze Power Company has the opportunity to become a strong dividend stock.

Its business model is very simple, which is to build dams, repair power stations, install generators, and then sell electricity.

Although it cannot increase prices or adjust prices without authorization, in terms of cost, the biggest advantage is that water resources are free. After completion, unlike thermal power plants, it needs to continue to spend money to buy coal, etc., and it is also easy to pollute the environment.

After the hydropower station is built, it can lie down and collect money. This business is a one-time payment, and the return period may be as long as a hundred years. Considering that the money from dividends can also be taken out for reinvestment, it is theoretically very potential.

Feng Tiancai rushed to Casino to personally deliver the report to him.

At this moment, he was explaining to Su Yehao:

"Most of the listed companies in the mainland are misers and rarely give dividends to investors. The existence of Yangtze Power Company is aimed at taking over the burden. It is estimated that it will continue to acquire hydropower stations in the future. It not only values profits, but also assumes other functions like other state-owned enterprises. To be honest, I am not optimistic about its prospects. Not to mention being constrained, it also lacks the value of growth investment.”

Su Yehao was sitting at his desk, not far away was a sand table of Emperor Crab Island piled up with sand and pebbles.

This is the temporary office of the Emperor Crab Island project, located in the Sihai International Center Plaza in the city of Casino, where an office building was temporarily found for office work.

Feng Tiancai was obviously very interested in the sand table, but unfortunately the model island was bare and not fully completed.

After he finished speaking, Su Yehao asked while looking at the documents:

"Then what if I take the lead? In this way, wouldn't I be able to manage the company's assets and invest part of the profits in suitable places first? Yangtze Power Company has not yet been listed, and its own scale is only a few billion RMB. I only need to find a way to win its management rights, and I will have the opportunity to turn it from a traditional enterprise into a diversified enterprise driven by electricity sales + investment."

"...They won't agree, will they?"

"Not necessarily. Since it's a burden, it doesn't matter who takes it over. Besides, I am also willing to continue to buy the Three Gorges generator sets and invest in building new hydropower stations at the same time."

Su Yehao was considering how to pick peaches.

If enough funds are invested, the higher-ups will probably be tempted.

The difference is nothing more than turning Yangtze Power Company from being led by the higher-ups to being led by him. In addition, 5s Asset Management can issue some corporate bonds with ordinary interest rates in the future. As long as the investment income runs ahead of the interest, there will be profit to be made.

After a brief discussion, Su Yehao already had a clear idea.

At this time, Feng Tiancai said:

"I found that your recent investment projects are biased towards physical assets, and most of the funds for mortgage loans, such as Yanwenzi Group and Google, also flow into the country. In addition to Emperor Crab Island and hydropower stations, is it my illusion, or..."

Su Yehao looked at Feng Tiancai, shook his head and smiled:

"Don't think too much about it. Buffett uses a bunch of old listed companies' shares as ballast, including Coca-Cola, American Express, etc. Gates is also continuously reducing his holdings in Microsoft and making diversified investments. Everyone is doing this. I think it is safer to hold more physical assets and try to maintain a certain balance, so as not to be wiped out by the financial crisis."

"I thought there was some risk. If it's just a reallocation, then I'm relieved."

After Feng Tiancai finished speaking, he added: "Have you paid attention to crude oil futures recently? I feel that the decline in oil prices is a bit high. There may be a small rebound opportunity recently. The old United States' actions have added uncertainty to the Middle East. Now crude oil prices are at a relatively low level."

Recent projects do not require a lot of funds in the short term.

A few days ago, Su Yehao was still a little regretful, regretting that he was too greedy.

If he had taken profits earlier, he would have gotten a Three Gorges generator set, which would steadily print 400 million RMB every year. Extending the timeline to ten years would be equivalent to "losing" tens of billions of RMB.

Thinking of this, he said to Feng Tiancai: "Okay, I'll say hello later and give you... 500 million US dollars as principal, and report directly to me. You might as well be bolder. Google has completed financing, and there is new capital injection, and the valuation has risen sharply again. I'll just take it as a gamble. If I lose, I will never touch crude oil again in the future."

The old United States took action before, and crude oil prices plummeted, earning only tens of millions of dollars.

Later, part of the cash was used to go long on the Nasdaq index, and the remaining money was just idle for the time being.

Su Yehao gradually discovered that it was difficult to regain the joy he had at the beginning from the business world. Adding leverage to speculate was still exciting, much more exciting than sitting next to the gambling table.

So he couldn't help but want to enter the crude oil futures market again. This market is big enough, and a point of fluctuation may be tens of millions of dollars in gains or losses, which is to find some fun for himself.

——————

The next day.

Su Yehao set off directly from Yin Liuli's house to the hearing site.

The media and the like had already arrived. For safety reasons, he went directly into the underground garage and did not accept interviews with reporters outside.

In this day and age, as long as you have a microphone, you dare to call yourself a reporter. Small temples have strong winds, and shallow waters have many turtles. There is no need to argue with them. The batch of media that have actually received invitations have already entered the venue.

In special times, even greetings are separated by a distance.

After taking their seats, the process started quickly. Everyone had a copy of the Emperor Crab Island's planning proposal. Some people asked questions such as environmental protection or land purchase costs, which was also an opportunity to help people answer their questions and dispel doubts.

Su Yehao's sewage treatment plant, offshore wind farm, and public rental housing projects are still quite bright, predicting that they will attract 6 million more tourists every year and create tens of billions of Hong Kong dollars in GDP.

Although he himself did not move, including Su Lao die and Tang Lao ma, have been trying to help promote it these days.

The four casinos that were jointly found before also agreed to a maximum of 100,000 Hong Kong dollars per day for satellite casinos, and did not interfere.

In addition, the gambling king's family recently spent 100 million US dollars and successfully invested in Google, and there is also an aunt who is cooperating with Sihai International to do real estate business in the mainland.

The whole hearing does seem like a formality. At least the process is very smooth. Those who intended to make things difficult for Su Yehao didn't even get a chance to speak, and their influence was pitifully small...