Chapter 964 Half a Step to the Top 500

The Spring Festival holiday is still here, and the executives of Yike, Yiguo, and Bingxin who have returned to work have received notices of meetings in the following days.

According to the practice of the past few years, this is a meeting attended or even presided over by the big boss Fang, which often involves important matters such as the company's new year strategy, organizational structure adjustment, and future capital planning.

The company's business scale is getting bigger and bigger, and the senior management is basically accustomed to Fang's business style of grasping the main contradictions, targeting, and clarifying the division of labor.

On the last day of January, some meetings were still to be held, but the entire Yike system was surging with the sudden blooming of domestic public opinion, including the smiles and spirits on the faces of executives.

Yike Company released its fourth quarter and full-year financial report for 2008 on January 30. Wall Street and related financial institutions gave comments, and the domestic translation was almost seamless, processed and praised.

—— "Yike's revenue of 100 billion is one step away from the Fortune 500!"

—— "2001-2009, Yike's eight-year journey! 》

——《Mr. Fang created a Fortune 500 company in eight years! 》

——《Internationally renowned mobile phone manufacturer, Yike's way to success! 》

In terms of hardware sales performance in fiscal year 2008, Yike sold 15.37 million Mars1, 11.12 million Mars2, and 1 series music players.

The annual mobile phone product revenue was US$9.509 billion, the music player revenue was US$3.465 billion, the power bank and other peripheral devices contributed 2usic's digital music contribution of US$1.615 billion, and the overall revenue totaled US$14.858 billion.

Among them, gross profit was 4.661 billion, gross profit margin was 31.37%, operating profit was 2.938 billion, net profit was 2.161 billion, net profit margin was 14.54%, R&D expenses were 712 million, and R&D expense rate was 4.8%.

Domestic media generally reprinted the positive analysis of Yike by the Wall Street Journal.

"Eco has essentially become one of the top five mobile phone suppliers in the world."

"Although sales of its M series music players have slowed down, the company's full-year net profit still increased significantly, mainly boosted by the surge in shipments of the Mars series of mobile phones and the impact of China's opening of the 3G market."

"Analysts previously surveyed by Thomson Reuters expected the company to earn $1.11 per share and $11 billion in revenue. Eco's financial report clearly exceeded expectations."

"However, the company remained cautious in its performance expectations for the new fiscal year, expecting earnings per share of $1.06-1.35 and revenue of $16-18 billion, while analysts expected $1.65 and $17.5 billion, respectively."

"It is worth noting that Eco still has the conditions for rapid growth in the new year. The second-generation Mars smartphone it launched is still popular with consumers, further consolidating the company's position in the smartphone field."

"It is foreseeable that Eco will be a very young Fortune 500 company in 2009."

It is precisely because of the judgment of the Wall Street Journal that the enthusiasm of the domestic media has risen.

Another Fortune 500 company?

Oh, it's 2009, but isn't Yike's development speed easy to achieve?

The richest man in the mainland took eight years to build a Fortune 500 company. Isn't this topical?

The threshold for the Fortune 500 last year was $17 billion. Yike still had $2.142 billion in revenue to reach this number, which can be considered as half a step to the top Fortune 500!

Yike's mobile phone has been increasing its publicity in China. It is also a domestic brand that can really compete with Nokia, Samsung, and Sony Ericsson. The popularity and topic as well as the media's pursuit of data collided together...

At the beginning, there was a description of "one step away", and then it was directly called "Fortune 500". In the end, it looked like it was already a top student in the Fortune 500.

Yike was very happy. No matter what, these were all praises. Even if they were a little exaggerated, it was still a face-saving thing.

When Fang Zhuo saw the exaggerated public opinion, he felt a little uncomfortable. He just boasted about himself. After all, he was the second best president in the world and he could bear it.

Yike is still small, and what it needs is more practical development, not to encourage pride.

Also, domestic media do not need to analyze so deeply. They can talk about the excellent cost control, but not the role of Bingxin in the upstream link. They can talk about the performance of market competition, but not the sinister bans in South Korea and the United States.

It goes without saying that Bingxin's public opinion has been silenced. Fang Zhuo actually does not want to publicize Yike's patent competition with Nokia in the United States this time.

It is best to wait until everything is settled before reviewing it, so as to avoid unnecessary trouble.

However, Fang Zhuo also noticed the fact that Nokia's 3G mobile phones entered the domestic market slowly, including Apple's mobile phones. The United States announced the plan, but the domestic response did not show that fast.

This is probably the silent advantage of the local market.

"In Yike's financial report, we noticed a data that digital music represented by iMusic provided $1.615 billion in revenue."

"After checking the national data, we found that the national music sales in 2008 were $8.7 billion, and Yike had occupied 18.56% of the market."

"Apple has not yet released its financial report for last year, but E-Market has surpassed Wal-Mart to become the largest or second largest record retailer in the United States."

"E-Market, Apple, and Wal-Mart, the top three record retailers in the United States are all non-traditional retailers."

"This is undoubtedly an amazing performance in the Internet age, and it is also an unknown detail of E-Market."

The media praised it overwhelmingly. Fang Zhuo finally saw an analysis from the "Huaxia Securities Daily" with a novel angle. Then, he knew that his company was already one of the top three record retailers?

It really is... It's also a happy thing.

However, the report of the "Wall Street Journal" just ignited the enthusiasm of the domestic media, and a day later, it released another report about the hidden dangers of E-Market.

"LG brand mobile phones from South Korea are banned from sale in the United States. It is reported that LG tried to reverse this decision and negotiated patent licensing with Yike, but in the end, Yike unilaterally terminated the negotiations."

"This is undoubtedly a failure for LG."

"However, with LG being banned, the patent dispute between Nokia and Yike has become more intense."

"Yike has resolved its patent dispute with LG in an unconventional and tough manner. What kind of ending will it face?"

"If we quote a Chinese saying, this is probably - the initiator will have no descendants."

"Yike gave LG its answer. What kind of ending will Nokia give Yike?"

The two days before and after, the writing style was opposite, which was quite strange for well-known media.

Fang Zhuo saw the report of the Wall Street Journal as soon as possible.

He certainly would not let people say that it was South Korea that banned Yike first, LG was the initiator, and Yike was just following the rules... These are all minor details.

The most important thing is that he finally felt that the short side was trying hard to stand in front of him.

There are some guests coming to my house temporarily, so I will update a small chapter first.