This trip was nominally to accompany my old man on an inspection of the Midea Group.

But in reality...

It was also a bit of an escape, since my body simply couldn't take it anymore.

I used to be able to pee three zhang against the wind, but now I'm panting just from taking a walk. I make excuses about the good taste of goji berries, drinking several large cups every day, and supplementing with all kinds of rare and precious delicacies, but it's still a bit too much.

This made Su Yehao understand why the tai-tais (wives) of Hong Kong liked to buy expensive supplements like fish maw, sea cucumbers, abalone, and bird's nests.

During New Year's, Nong Qingying's father fell and broke his arm while fishing at sea. He stayed in the Mount Sterling Hospital in Sheung Wan for two weeks and just returned home to recuperate. Her plans to return to Tokyo were thus delayed, and she's still in Hong Kong.

With the little girl turning a blind eye, Jiang Yu became even more brazen, having tasted a bit of sweetness.

She's been dancing for more than ten years.

Don't be fooled by Jiang Yu's gentle and delicate appearance; her stamina is excellent.

Even Yin Liuli occasionally came to Hong Kong to review the accounts of the Tao Tao Ju restaurant with the accountant and handle some tax matters.

Since she came all this way, Su Yehao naturally had to entertain her.

At this rate, he felt like he was going to be finished, so when he learned that his old man was coming to the mainland for an inspection, he immediately made an excuse and eagerly followed along.

…

Leaving Pengcheng.

Headed straight to Fochuan on the highway.

It was a journey of over a hundred kilometers, about two hours. In addition to the first two tile factories acquired and the later-funded Midea Group, Sihai International also invested in some hardware and door and window processing plants in Fochuan.

This wasn't just for supporting building materials for their own use, but also because they were optimistic about the potential of the mainland's real estate market and wanted to lay out plans in advance to seize the upstream and downstream markets.

Sihai International Group's business gradually shifted entirely to the mainland. The real estate business in Hong Kong and Casino, 1997 was still sluggish in the short term, with less business and a smaller market than the mainland. Casino, 1997 was due to return to the mainland by the end of this year, and celebrations were already being planned.

Recently, the number of businessmen seeking advice from Su's old man and wanting to develop in the mainland has been constantly increasing.

In earlier years, many people didn't bother to pay attention to this market. Even if there were more people, what was the point if they couldn't make money?

But now, the economic growth rate in the north is so rapid that it's astounding. When he first acquired the land in '97, some people laughed at Su's old man for being shortsighted. Later, when Hong Kong's property market collapsed, they changed their tune and praised him for being smart, which was quite realistic...

After arriving in Fochuan, he first accompanied his old man on an inspection of several building materials companies under the group.

Su Yehao took a cursory look.

He was too lazy to manage his own business, so he was naturally not interested in these small companies.

However, judging from his old man's investment in building materials, it could be said that he had broadened the development path of Sihai International. Whether it was building materials or home appliances, they were closely related to the real estate industry. Surrounding a large market that was likely to be booming for twenty years, the dividends were considerable.

It was only January of 1999, and several real estate giants with market values of several billion had already emerged in the stock market. The market had not yet reached the stage of explosive growth, but now the advantage was that there was less competition, and there were not many private enterprises with the strength to participate.

The Su family's focus on developing cultural tourism cities actually saved them a lot of trouble.

Other real estate companies earned meager profits, with projects blooming everywhere, and were forced by interest rates to pursue high turnover rates, starting construction shortly after acquiring land and starting sales shortly after construction, earning a profit from building houses.

Su Yehao persuaded his old man to acquire two prime plots of land, developing them while waiting for appreciation, and planned to self-operate some of the developed real estate.

If they held on until ten years later and then sold, the two projects would have the opportunity to earn back tens of billions.

Investing in real estate companies doesn't necessarily mean that having more land and developing more projects will definitely make more money.

In Su Yehao's eyes, learning from the practices of large-scale Hong Kong real estate companies and taking the high-end route was obviously more in line with his own situation.

With his backing, being rich and not short of money, taking the route of high debt and high turnover was equivalent to working for the bank. New World Development and Wharf, on the other hand, had mostly grown to their current scale by holding real estate for a long time, fully enjoying the dividends of real estate appreciation, while also being able to collect rent.

After going in a big circle.

They set off in the morning and didn't arrive at the headquarters of Midea Group until the afternoon.

When the company's senior executives received the news, they stood in front of the door to greet them in advance. It was hard to imagine that the headquarters of a company valued at eight billion RMB would be located in the old building behind them.

Last year, Midea Group implemented a business unit reform, and the effect was immediate.

Each department was split off separately, and some new technologies were acquired. From the middle of last year, the performance changed from a slump, and the expected net profit would be between 500 million RMB and 600 million RMB.

This was also why Su Yehao believed that its valuation had exceeded that of his old man's financing, reaching at least eight billion RMB.

The newly appointed general manager's surname was Qian, and his name was Qian Wanhao.

This man was formerly the president of Hitachi Corporation in China. When Midea Group was discussing technical cooperation, Su's old man had contacted him several times, and he was brought over to Midea Group.

The reason for choosing to parachute him in was mainly because Midea Group had factions within the mainland, which occasionally caused conflicts that exceeded the scope of healthy internal competition.

So, relying on the support from above, Su's old man decisively inserted Qian Wanhao.

On the way to Fochuan, Su Yehao heard his old man mention that he thought this guy's name was auspicious and could bring wealth.

Given the personality of his old man, Su Yehao always felt that Qian Wanhao was able to become the general manager partly because of his name.

After the company changed its surname to Su, the influence of the former management had become very small. Taking advantage of the business unit reform, many people were cleared out and left the company.

At this moment.

Manager Qian shook hands with Su Yehao, smiling so wide that his eyes narrowed, and said:

"I've wanted to meet you, Young Master, for a long time. As expected of the president of the investment department, you're indeed young and promising. The profit the entire company earned last year isn't as much as what you earned with a single move. The other shareholders are overjoyed and must offer you a toast tonight!"

Midea Group's expected profit last year was five to six hundred million, which did not include the income Su Yehao earned from helping with financial management, because the money was still in the NASDAQ stock exchange and had not been settled.

At that time, Su's old man decided to take a sum of money and give it to Su Yehao to manage.

Later, Su Yehao misappropriated this money, and soon returned it all. Most of it was used to buy shares in Amazon, and then he didn't care about it, until now it has made a profit of more than 900 million RMB.

Sometimes, he himself forgot that he was also serving as a senior vice president at Midea Group.

Hearing this.

Su Yehao glanced at his old man, silently joking about him not giving the money to him for investment in the first place, and said:

"Not at all, not at all, just good luck. If the company is short of money, just let me know and I can take it out at any time. Financial management earns a lot, but the risk is also quite high. General Manager Qian's work is more important; home appliances are the main business."

"Hey, that's true, but without Young Master Su's help, the money on the company's books could only be deposited in the bank to earn interest. How could we be so successful now? Last time I mentioned it to a reporter, that the sideline made more money than the main business. After the news of making money through financial management was published, others were so envious. There were even shareholders who were about to delist who came to smash our windows, definitely because they were jealous."

General Manager Qian said with a smile, flattering Su Yehao, completely disregarding the presence of his subordinates.

His EQ is quite high.

He knows that praising Su's old man ten times is not as good as praising Su Yehao once.

Su's old man was indeed smiling so wide that his eyes narrowed, and told him: "That's right, when you get the money back one day, buy a piece of land to build a new headquarters building..."