Reborn multinational giant

The conference room on the 17th floor of the new headquarters building of Huizhong, Fang Zhe, Zheng Siwen and several other core executives of Huizhong are listed.

On the table between several people, the telephone call for the financial meeting has been answered.

At this moment, hundreds of investment bank analysts, hundreds of investors or retailers around the world, as well as countless media, insiders and others interested in collecting financial statements, have accessed financial statements conference calls or broadcasts in a variety of ways.

At 9: 30 am, the telephone conference for the fourth quarter of FY2017 and the full year of the financial statements of Huizhong Province officially began.

After a brief introduction, Fang Zhe, who chaired the meeting, began to interpret the financial report:

“Let me give you a quick introduction to the latest major data of the Huihui people. As of the end of FY2017, the number of registered users of WeChat globally exceeds 2.3 billion, and the number of active users is 1.85 billion...”

If one item of data that Fang Zhe interprets is boring to the average person, and hundreds of analysts, tens of thousands of investors and listeners listening to the financial report teleconference, reporting every item of data in the financial report is particularly attractive.

Many analysts have sharpened Huo's notebook beside them to list key data, prepare the questions they want to ask, and wait for Fang Chue to have trouble later.

At the same time, the fourth quarter of FY2017 and the annual financial report data of Huizhou are also officially released to the whole network.

Many news media, financial journalists and others who have been informed of the content in advance have promptly issued relevant press releases.

“For the first time in FY2017, Huizhou earned more than $100 billion!The crowd has surpassed traditional Internet giants such as Microsoft, Google and others, asking for the prestige of the World Internet Championship! "The Wall Street Journal.

“With more than 2.3 billion WeChat users worldwide, one in three people around the world is using WeChat!" The British Financial Times.

“The financial returns of the 2017 fiscal year of the Huizhou people came out, with a revenue of 118.4 billion USD and a conversion of nearly 830 billion RMB!Huihui crowd revenue is expected to break trillion yuan next year! "

“The net profit of Huizhong in FY2017 is close to 50 billion yuan, equivalent to nearly 350 billion yuan! The net profit in one day is nearly 1 billion yuan, what a fairy company!"

When the wealth report came out, the whole network saw the news and the people who ate melons were amazed.

“A hundred billion dollars, don't be too cocky!"

“My wealth gap with Fang's richest is another Ma Yun!"

“2.3 billion micro-credit users, terribly still growing... [panic] [panic] [panic]"

“Fuck!!! Net 1 billion yuan a day, which is more than 80% of the listed companies in the country earn a year!It's also a publicly traded company. Can you believe it? "

“For the first time, when I saw the financial report, Xiaobai wanted to ask why it was FY2017. Now in May, how did the financial report for FY2017 come out? Could it be that the crowd made such a big mistake?"

“There is nothing upstairs to read more books and newspapers. The Huizhong were listed in the United States in September 2013, so the fiscal year is calculated from April 1 of each year to March 31 of the following year. The Huizhong 2017 fiscal year refers to the revenue data between April 1, 2016 and March 31, 2017.”

“Boss upstairs, the posture is up, I just found that the calculation time of the financial year of the major Internet companies does not seem to be the same, making it a little difficult to make a comparison!"

While the online discussion is lively, the financial report teleconference that is being held has also entered the question session for analysts and investors.

The first person selected by the conference assistant to access the conference call was Elicia Jaap, an analyst from Morgan Stanley.

Until he answered the phone, the analyst named Jaap didn't expect him to be lucky enough to be chosen.

Fortunately, as an analyst at a top investment bank like Morgan Stanley, Jaap was already ready. He briefly introduced himself and went straight to the subject:

“Congratulations to the first convergence of revenues, as many investment banks and analysts predicted, exceeded $100 billion and exceeded most predictions to reach $118.4 billion.

I would like to ask you to briefly explain why Huizhou revenue exceeds many of the forecasts of investment bank analysts. Do Huizhou have potential revenue operations that have not been disclosed or discovered by investors?

In addition, I would like to ask if I remember that by the end of 2014, the number of WeChat users globally had been disclosed to the public by more than 1.8 billion, but in the past two and a half years, the number of WeChat users has reached 2.3 billion, indicating that the growth of WeChat users has touched the ceiling.

Will WeChat's revenues and the overall revenue of the hub be slowed down?

If so, what measures will they plan to take to ensure revenue and growth? "

Jaap speaks English very quickly, but this does not prevent Fang Zhe from listening to his questions clearly. "well," Fang Zhe paused slightly and began to answer Jaap's questions:

“You know that our investment business relationship is very large and complex, which is one of the reasons why many analysts find it difficult to predict accurate revenue. At present, many projects with early investment potential of Huizhou have begun to enter the maturity period, leading the profitability of our investment business to start making a significant contribution to overall revenue, which also makes it impossible for some analysts to accurately predict our revenue.

I think that in the coming years, the contribution to the overall revenue of Huizhou will become more obvious with the gradual launch of some of the unicorn and even small giant potential companies in the Huizhou investment business.

The second point is the number of micro-credit users you mentioned.

Indeed, I must admit that the growth in the number of micro-credit users has begun to slow down, which is one of the risks that we have consistently presented in our financial statements and investment statements over the past year or two.

I think you should also know that the growth of the number of micro-credit users depends on the growth of the global smartphone industry, which has slowed down or even stepped into negative growth, which directly affects the growth of the number of micro-credit users.

However, although the growth of the number of WeChat users slowed down, this did not affect the growth of WeChat revenue and the overall revenue of Huihui.

Because in the past, our degree of commercialization of WeChat and related businesses was well below the industry average, and in the past two years, with the launch of small programs and other service content, WeChat's contribution to Huizhong Revenue has increased.

In the future, WeChat's contribution to the overall revenue of Huizhou will continue to increase, and the overall revenue of Huizhou will not slow down.

As for the ways and measures to ensure revenue and growth, in addition to the degree of WeChat commercialization mentioned above, the improvement of Huizhou's cloud business, as well as the investment in AI, 5G, civic entertainment, and industrial Internet are gradually seeing benefits and output, and believe that these businesses will become an important driving force for Huizhou's revenue growth in the future. "

“You personally decide what the future WeChat user ceiling is, and when will WeChat reach that day in about a few years," Yap asked again.