novelden Chapter 941 Establish your authority!
Chapter 941 Establish your authority!
Si Yao reached out and took part of the document and put it on the table.
She first took a quick look through it. The content was too complicated and she could only look at the financial statements from the previous quarter.
The real profit of the Si Group is still concentrated in the real estate sector.
Including but not limited to commercial housing and shops, as well as commercial plazas, and some miscellaneous apartments, office buildings...
The second largest part is commercial real estate, of which rental leasing, property income, and management expenses account for the majority of income.
This is the pillar industry of the Si Group, but there are also some projects that have been losing money and continue to lose money.
For example, the investment department that was originally under Huang Ming actually lost more than 30 million last quarter...
If you look further up, it will also be a loss.
In addition to the investment department, a hotel chain company affiliated to the Si Group is also making losses.
Moreover, the loss every quarter is quite fixed, which is exactly 5 million yuan.
In addition, some chain stores operated by the Si Group in various shopping malls are also continuing to lose money.
Not only did it continue to suffer losses, it also led to a reduction in revenue for the commercial real estate sector.
If these shops are rented out normally, they can also make money.
But since it is an internal project of the Si Group, the commercial real estate sector still needs a lot of support, including super low rents and super long-term contracts.
In other words, the losses of these loss-making projects are far more than just the losses on the books.
They also hamper the development of commercial real estate.
Si Yao also didn’t understand how so many money-losing projects were reported with such a shameless attitude and were so confident about it.
To put it nicely, these are the directions of diversified development. To put it bluntly, these people are the parasites of the Si Group.
She had intended to read more, but after reading only a few pages of the report, she couldn't continue.
Although the real estate sector is there and the overall momentum is growing, the existence of some loss-making projects has seriously lowered the profit margin and growth rate.
She knew the heads of these departments.
They are basically all veterans of the Si Group. Some of them have worked hard for many years and have abilities, but it is not known how much effort they are willing to put in.
If these junk projects continue to erode the interests of the Si Group, it will undoubtedly be a dead end for the already precarious Si Group.
"Secretary Huang, take these things and go upstairs to the conference room."
She frowned and walked straight out the door.
Secretary Huang went out and called the clerk from the chairman's office. Together with her, they followed Si Yao, picked up the things, and headed upstairs.
In the conference room of Si Group.
The senior executives have gone from whispering at the beginning to discussing loudly now.
Everyone said that there would be a meeting today, and even the executives from various branches and departments came here early to meet.
But after waiting for more than an hour, Si Yao was nowhere to be seen.
Many people couldn't help but wonder what Si Yao meant. Was he just making three moves after taking office, or was he just not taking them seriously at all?
An assistant beside Wu Zhong lowered his voice.
"Boss Wu, I heard from downstairs that Boss Si came a long time ago and asked for a lot of information from the office. He also asked the group's internal audit department to review the company's accounts."
Wu Zhong was slightly stunned.
Although the assistant's voice was not loud, the executive sitting below Wu Zhong still heard it.
"What do you mean, are you saying that Mr. Si has already arrived?"
"You just didn't come on purpose?"
“Leaving so many of us here to hang out?”
The executive looked at Wu Zhong's assistant.
Wu Zhong frowned, "After all, today is Mr. Si's first day in office. He must have a basic understanding of the group's situation. Otherwise, even if we talk about it, we won't be able to come up with anything to say."
"I heard that President Si asked for a lot of information about the Si Group. This is also an attitude. At least it proves that President Si is willing to learn."
An executive sneered: "Boss Wu, I know what you mean. Don't you think that as long as he learns, Boss Si can slowly make the transition and take over the Si Group?"
"But think about it carefully. Does the Si Group have so much time?"
"Don't mention it, Tongjiang Industry is standing there, it's so strong, there's nothing you can do about it!"
"You want Si Yao to deal with Tongjiang Industry?"
"How does she solve it?"
Another executive also sighed: "Not to mention Hengjian Real Estate and Hongwan Group!"
"I know that her fiancé is Su Yang from Songjiang Construction, but now Su Yang has also been taken away, not to mention whether he can get out."
"Even Songjiang Construction cannot solve the urgent problem of Si Group."
Other executives also had different opinions.
"This President Si, what exactly does she want to do? Does she really want to take over the Si Group?"
"Isn't this a joke? She's a university teacher, and now she's here to be the general manager of our Si Group. This isn't a triple jump, it's a direct ascension to heaven!"
"A woman should stay at home to wash clothes, cook and take care of children. Why does she come here and take care of us?"
"Ha ha……"
Before he could finish his words, Si Yao opened the door of the conference room, took a step forward and walked in.
Secretary Huang and the clerk following behind her placed two thick stacks of documents on the conference table, and then retreated behind Si Yao.
"I'm late, sorry."
Si Yao glanced at the group of executives. The originally noisy conference room was suddenly silent at this moment.
"I know you have something against me."
"If you have any opinions, you can raise them in person. It's not a good habit to speak ill of others behind their backs."
"Enough of the small talk, let's get down to business."
"My father passed away a few days ago, and I inherited all of his shares in the Si Group. This is evidenced by his will, and I believe you all have no objection."
"As the largest shareholder of the Si Group, I would like to announce a few personnel appointments and dismissals before the meeting begins today."
Si Yao swept his sharp gaze over, but no one dared to look at him.
It was really that Si Yao's gaze was too creepy. Even the executives sitting in the front row looked at him with their eyes and noses, and said nothing.
"Si Yao of Si Group serves as the chairman and general manager of Si Group."
"Remove Huang Ming, former vice president of Si Group, from all his positions within Si Group."
"Buy out all the shares held by the original shareholder Lou Shenming and cancel his position as a director of the Si Group's board of directors."
"In addition, there are some business adjustments."
Si Yao lowered her head and flipped through some reports: "We will conduct a financial audit on Runda Hotel Company, a subsidiary of Si Group, and order it to control its losses. If it fails to turn losses into profits within three months, this wholly-owned subsidiary will be dissolved immediately."
"In addition, the heads of the commercial real estate sector and the self-owned chain store sector will be temporarily transferred to other positions in the commercial real estate sector. The self-owned chain store sector will be ordered to reduce losses within six months. After six months, all subsidies will be cancelled."