Chapter 389 I beat my son

Yang Xue added: "But 10 times is the P/E ratio that can be expected in the secondary market. The valuation before listing should be at most 5 times."

Xia Song did some calculations and said, “Even if we only use a 5x P/E ratio, the pre-IPO valuation is $95 billion, or RMB 750 billion.

After the successful listing, based on the issue price, the company's market value will reach US$118 billion, close to RMB 1000 billion.

Compared with the original investment of 24 billion, the valuation of 750 billion, and the 31-fold increase, the issue price per share should be set at 31 yuan, or about 4 US dollars.

By issuing 8 million shares, the company can raise nearly $32 billion through its IPO.

Xia Song said excitedly: "32 billion US dollars, the initial investment of a second-level branch is 3 to 400 million US dollars, which can open nearly 1000 second-level martial arts schools.

In addition to its own revenue generating capacity, there is also funding to develop some third-level branches.”

He Zhongqiu chuckled and said, "It's still more cost-effective to go public."

Yang Xue shook her head and said, "Sanjin, considering the profitability of the martial arts school, if there is no shortage of development funds, it is actually more cost-effective to keep it private, and all the profits will be yours."

Xia Song and Philip also nodded in agreement.

Philip said: "Now the 97 branches share an average of $587 million in real estate investment costs, $196 million in taxes, $1235 million in operating expenses, and $876 million in revenue x2. On average, each branch has a book loss of $270 million in the past two years.

After that, if these 97 branches no longer invest in real estate, the net profit after tax of each branch will reach 300 million US dollars per year, and the profit of the 97 first-level branches should reach about 2.9 million US dollars. "

If we have another 1000 secondary branches, we can expect profits from them. If we only count them as half of the profits from primary branches, each branch will have a profit of $150 million. 1000 branches will have a net profit of $15 billion after tax.”

Xia Song then calculated: "If we only open 100 first-level branches and 1000 second-level branches, the profit in the next year will likely reach 18 billion US dollars.

If we calculate based on the $118 billion market value after listing, if it is fully privatized, it will only take six or seven years to generate $118 billion in profits.”

He Zhongqiu felt a little dizzy, and quickly waved his hands and said, "Okay, okay, forget about it. If I don't go public, I won't have billions of dollars to open 1000 secondary branches, so going public is a must."

"Ha ha……"

Yang Xue and others all laughed.

At four o'clock in the afternoon, Tang Yan and Bai Bingbing returned home and gave He Xue and He Yang the gifts they had prepared long ago.

"Sister Xue, long time no see."

"I heard that you two study very hard. Study hard and come to help the company in the future. There are not many people in the group's office in the United States right now. You two can take up a position first."

"Thank you, Sister Xue."

"Sister Xue, how many people are there in our office?"

"It's the operator, plus you guys."

"what!"

"The office doesn't have much work to do, except receiving data from American film companies and cultural and sports agencies, then reporting to the headquarters, and also serving as a liaison.

Yanyan, you are the manager of the branch, and you are mainly responsible for contacting the film company, that is, Ross Lewis.

Bingbing, you will be the deputy manager, and you will be mainly responsible for contacting the agency, that is, Frank Zhang. "

"oh oh."

"Thank you, Sister Xue."

The three girls talked as they reached the baby room.

There were two nannies inside. He Yang was crying loudly and the nannies were changing his diaper. He Xue was standing beside him holding a bottle and watching her brother cry.

"Hey, who is Xiaoxue and who is Yangyang?"

"The one drinking milk is Xiaoxue. Look carefully, they look different. They are fraternal twins."

"Sister Xue, I think they look quite similar."

On the 29th, at the Staples Center, the Western Conference Finals Game began.

In the end, the Lakers relied on their home-court advantage and the performance of the Yao-Kobe combination to defeat the powerful Spurs and advance to the finals.

After the game, Yao Ming called He Zhongqiu and said excitedly: "Zhongqiu, here I come."

"Yao, you need to stay calm. You have already secured the runner-up title, so don't get too excited," said He Zhongqiu.

Dayao angrily said, "What are you talking about? Happy Mid-Autumn Festival. The emperor takes turns to sit on the throne. This year it's my turn. You just wait. Even if you are the emperor, I will pull you down from the throne."

“It’s always good to have dreams, but you can actually consider being a salted fish.”

"Go to hell, see you in the finals."

After the game, the NBA league officially announced the finals schedule.

The game will start on May 5st, in a 31 home and away format, and the Knicks have the home advantage.

The Lakers arrived in New York at three o'clock in the afternoon on the 30th.

"Dayao, I'll pick you up and take you to my house for dinner. Chenglong's family will be here later." He Zhongqiu said on the phone.

Yao Ming said, "I won't come. I need to fully prepare for the game and don't want to be distracted."

He Zhongqiu joked: "You can be the runner-up even if you break your leg, or you can be the runner-up even if you lie down and fight. The result is the same, so why bother trying?"

"Screw you!"

Dayao was so angry that he hung up the phone.

"Haha..." He Zhongqiu laughed.

At half past three, the Chenglong couple brought their little house from Los Angeles to New York to formally visit He Zhongqiu and Yang Xue.

"Wow, Wolverine, the Kung Fu King!"

It was the first time that Xiaofangzi saw He Zhongqiu Zhenren, and he bowed down to him as soon as he came in.

Chenglong felt ashamed. I am not bad, but why don't you come to pay homage to me? He wanted to kick the little house away.

Lin Fengjiao was fine, because when Xiaofangzi was at home, she showed her admiration for He Zhongqiu all day long.

Yang Xue was also shocked. Is there something wrong with Chenglong’s son’s brain?
"Why are you being so polite?"

"I'm not being polite. You and my dad are equals, so you're my elder. I have to call you Uncle He."

"Ha ha!"

He Zhongqiu smiled and pulled up the little house. In fact, he was more than half a year younger, almost one year old, and the little house was a little bigger than him.

"Hmm?" When he pulled up the little house, the breath from the little house's speech sprayed on his face. He vaguely smelled a smell, but frowned.

"how?"

Just as he saw He Zhongqiu frowning, Chenglong next to him asked.

"fine."

He Zhongqiu shook his head.

Yang Xue started to greet Lin Fengjiao.

Lin Fengjiao looked at Lin Xue's confident temperament and felt deeply moved and envious.

She and Chenglong have been married for twenty years. Xiaofangzi has grown up, but Chenglong still doesn't trust her. It was not until the incident with Xiaolongnu broke out that Chenglong completely trusted her and was willing to hand over his property to her for management.

Yang Xue is said to be not married to He Zhongqiu, but she has gained He Zhongqiu's greatest trust and controls almost all of He Zhongqiu's assets.

This should be the greatest source of Yang Xue's confidence, and also the confidence she has when facing He Zhongqiu's other two girlfriends, right?
He Zhongqiu had someone bring a box of cigars, cut one for Chenglong and one for Xiaofangzi.

"He doesn't smoke."

Chenglong said hurriedly, and the little house also smiled and waved.

"Do you want to see my Hall of Fame?" He Zhongqiu asked the little house.

The little house asked excitedly, "Can I take a picture?"

"Of course. But most of the ones here are replicas. The original ones are all in China." He Zhongqiu asked someone to take Xiaofangzi to visit his room of honor.

The authentic ones are placed in Qiuxue Garden, but there are also last season's championship ring, as well as this season's MVP and several other data king trophies, as well as DPOY and double first team trophies.

"Brother Cheng, let's go over there and smoke."

After going upstairs in the small house, he took Chenglong to the small reception room next to it. After sitting down, he asked the nanny to pour two cups of coffee and said:
"Brother Cheng, you don't take care of your son, do you?"

Chenglong was stunned and said helplessly: "You know, I'm too busy with work, how can I have the time? He has lived in the United States with his mother since he was a child, and later returned to Hong Kong to study. I don't even know what grade he is in."

At this point, he said happily: "But Xiaofangzi is very well behaved and works very hard. He studies music and is now acting."

At this time, he reacted and asked in confusion: "Zhongqiu, is there any problem with the little house?"

He Zhongqiu said: "It's fine if I don't know, but if I know and don't tell you, it's not right, it goes against the friendship."

"Tell me what's the matter." Chenglong said anxiously.

He was also very confused. They had just met. Did He Zhongqiu find anything wrong with the little house?
Thinking about how He Zhongqiu saw that Li Lianjie's body was already weak, could it be that there was something wrong with his blood and qi, and the little house was sick?
"Let me make it clear first, this is just my guess and may not be correct," said He Zhongqiu.

"Okay, go ahead." Chenglong nodded.

He Zhongqiu went on to say: "When I was filming in Hollywood, there were often people smoking marijuana on the set. After they had just smoked marijuana, their mouths would have a foul smell of tobacco."

When Chenglong heard this, he had a bad feeling and his scalp began to tingle.

He Zhongqiu continued: “Although the smell in the little house’s mouth is not strong, I just smelled it, the same smell.”

"what?"

Chenglong was so scared that he stood up.

He Zhongqiu said: "You also said that he doesn't smoke, and the smell of tobacco leaves is different from the smell of marijuana. It smells a bit like lard. After smoking marijuana, the sweat smells very strong."

Chenglong was scratching his head with both hands, pacing back and forth, and kept saying, "It shouldn't be possible, no, how could Xiaofangzi smoke marijuana? He is so well behaved."

"Brother Cheng, I'm just guessing. Maybe I've wronged him." He Zhongqiu said.

Chenglong stopped and looked at He Zhongqiu, then suddenly turned around and walked towards the door, muttering, "I'll go ask him."

"Little house, room group name, come down quickly, hurry up." He came to the living room outside and shouted loudly, his tone full of anxiety.

"how?"

Lin Fengjiao, who was about to follow Yang Xue upstairs to see the twins, was startled and became worried in an instant.

She was too familiar with Chenglong. It was obvious from his expression that something had happened to make him angry, and it was Xiaofangzi who did it.

"Don't worry about it." Chenglong turned his head and shouted at Lin Fengjiao impatiently.

"dad?"

When Xiaofangzi came out of the Hall of Honor and saw Chenglong looking like he was going to beat him to death, he felt cold in his heart. I haven’t done anything against the law.

"Husband, calm down." Lin Fengjiao advised anxiously.

"Sanjin, what's going on?"

Seeing He Zhongqiu coming out, Yang Xue went over and asked in a low voice.

"Wait and see." He Zhongqiu shook his head.

Soon, the little house came down, Chenglong dragged him into the small reception room, and Lin Fengjiao followed in.

The small living room had good sound insulation, but within half a minute, there were sounds of slapping, Chenglong's angry curses, the small house's cries of pain, and the faint crying of Lin Fengjiao. It was quite a noise.

"Sanjin, when the fire of Chenglong was so big, what did the little house do?" Yang Xue asked again.

"No escape, Xiaofangzi is smoking marijuana." He Zhongqiu shook his head.

"Ah?" Yang Xue was stunned.

At this time, Tang Yan and Bai Bingbing came back. When they heard the noise in the small living room, they were very surprised to find out that it was Chenglong who was teaching his son a lesson in there.

Chenglong was still beating and scolding Xiaofangzi inside. He Zhongqiu pushed the door open. Chenglong, who was scolding his son, stopped when he saw him come in.

The little house curled up on the floor and cried because of the beating.

Lin Fengjiao stood aside at a loss, covering her face and crying.

"Brother Cheng, I have to say something to you. If the son does not teach the father, the son will be punished. It's no use just beating him. Come on, sit down and talk." He Zhongqiu greeted.

"Alas! I have never hit him before, but today I really..."

Chenglong felt as if the end of the world had come and sat down with a sigh.

"Sister-in-law, you sit down first. I believe that Brother Cheng is very careful with his actions and will not hurt the small house." He Zhongqiu said again.

Lin Fengjiao also sat down with a sigh.

(End of this chapter)