My capital is quite large.

Chapter 290 Trouble Ensued

Five billion yuan in net profit a year!

It's worth noting that the wildly popular game "Romance of the Three Kingdoms: Strategy Edition" has extremely high user engagement, but due to its slow-paced sandbox strategy, it struggles to achieve a net profit of 2 billion yuan per year.

On the PC gaming side, apart from League of Legends, which is a money-making giant, their most popular card game, Hearthstone, only earns a little over a billion yuan a year at most.

Today, Clash Royale, a simple three-minute card-dragging game on a mobile phone, generates $80 million in net profit for the company in a single month!

This revenue allowed it to surpass Hearthstone and Rise of Kingdoms, making it one of the top three most profitable single games in the entire Haofeng Group!

The second most popular mobile game after League of Legends on PC, and Honor of Kings, which is virtually invincible on mobile!

however.

Looking at the number 80,000,000 on the report, Li Feng's expression remained surprisingly calm.

It's as if this wealth myth that has shocked the global gaming industry is just a natural outcome.

"Success is inevitable; there's no need to make a fuss."

"Now that the first month's data is out, have the finance department include the revenue from 'Clash Royale' in the group's annual report. Go and have Gao Huai reconcile the details of your game division's profits for the entire year."

"Yes, Mr. Li, don't worry! I'll go find Director Gao to reconcile the accounts right away!"

Although Old Chen didn't understand why the big boss was so indifferent to these god-like data, he always knew what he should and shouldn't ask.

He quickly bowed and stepped back, then jogged to the finance department to report the good news.

......

After Lao Chen left, Li Feng looked at Zhang Yuxi, the chief secretary who was organizing the meeting minutes.

"Yu Xi, has the film and television department submitted its year-end financial statements?"

"Boss, the statistics over there are complete."

Zhang Yuxi stopped typing and replied methodically:

"Old Han just sent over the report the day before yesterday. The film and television department didn't have any big projects coming in this month, so they had already finished calculating this year's accounts by the middle of the month."

"What about the game department?" Li Feng continued to ask.

"As for Lao Chen, apart from the newly launched 'Clash Royale' which is in open beta at the end of December, the revenue from all other daily PC and mobile games was already recorded and aligned last week."

Xiao Zhang gently placed a final summary of the group's financial data on Li Feng's desk.

When Xiao Zhang saw the number highlighted in bold red at the bottom, he was still shocked, even though he had been used to capital in Haofeng for the past two years.

"Boss, this year has been a bumper year."

"According to Sister Gao's calculations: after deducting the self-operated accounts of Xiaomi Technology and Huaxin Semiconductor Industrial Park, which are two heavy assets..."

"The Group's net profit after tax for 2015 will exceed RMB 20 billion!"

Two hundred billion?

Hearing this number, even Li Feng, who had seen many ups and downs, couldn't help but be a little surprised.

He originally thought that if the entertainment industry alone could generate 18 billion in profits this year, that would be quite good.

Unexpectedly, it ended up being a round number.

Two hundred billion—this figure not only represents the most astonishing leap Haofeng Group has made since its inception.

This also means that Haofeng Digital Media's core business alone has already secured its place as the fourth most profitable internet company in China, second only to the traditional BAT giants.

Although it is still a long way from Alibaba's 49 billion.

However, the gap between them and the third-ranked penguin is less than 10 billion.

"Now that the accounts are clean, let's do it the way they should be."

Li Feng snapped out of his daze, his expression returning to its usual calm. "Go and tell Gao Huai to settle the interest on the group's loan to the bank after New Year's Day. Keep half of the remainder as the group's reserve fund for the first quarter of next year. As for the other half... transfer it to my personal account as shareholder dividends."

"Okay, boss."

Zhang Yuxi quickly recorded the information on her tablet and efficiently calculated the outcome of this massive fund transfer.

Most of the loans the group takes out are low-interest loans specially approved by the province and major banks. When calculated in all aspects, the annual interest rate is only a very low level of five percent.

If we only pay interest now that the amount has reached 130 billion, then it would only amount to 6.5 billion.

Half of the remaining amount is set aside as reserves, and the other half is transferred out, which is 6.8 billion in personal dividends.

This huge sum of money will naturally have to go through the foundation.

Of the 6.8 billion in cash, 30% will go through the foundation's channels, which means about 2 billion will be allocated to charitable funds.

With this inflow and outflow, the final amount of tax-paid cash in Li Feng's personal account will reach 3.8 billion.

At this point, Li Feng's personal account balance in offshore banks will have climbed to 29 billion.

The funds of the charitable foundation will also accumulate from 13.5 billion to 15.5 billion.

After secretly marveling at her boss's wealth, Zhang Yuxi put aside her extraneous thoughts and went to find CFO Sister Gao to handle the formalities.

……

As the December snow fell heavier, the annual "Weibo Night" coronation ceremony kicked off at the Jinling Olympic Sports Center amidst the revelry of fans across the internet.

However, compared to previous years, the most discussed topic at this year's event was still who was most qualified to be king.

That man and Luhan's fans became irreconcilable enemies at the end of that year.

In order to give their respective idols a grand appearance at the event, the fan clubs of both sides went to great lengths.

At the Weibo Night event, a large number of audience members who had bought expensive tickets managed to sneak in, just to cheer for their idols inside the venue.

Li Feng, who rarely graced the event with his presence, listened to the slogans and screams that nearly topped off the roof, but his face didn't show much reaction.

He rarely comes to the event and originally wanted to quietly watch the show, but he never expected that this prestigious ceremony would be turned into a chaotic vegetable market.

"Mr. Li... I'm so sorry! So sorry!"

Old Han, the director of the film and television department, had been wiping away cold sweat at some point and had scurried all the way from backstage to Li Feng's seat.

"There were indeed some mishaps at the event tonight. It was all caused by the staff messing around and coming up with some revenue-generating projects, which resulted in some audience tickets being given to scalpers for resale without authorization."

"I never expected that with tickets costing tens of thousands, the people who come in would be so rude, shouting and yelling in the lobby..."

Old Han was still rambling on, trying to characterize the incident that ruined his job as a "revenue-generating failure" by his subordinates.

Li Feng glanced calmly at the fans arguing and shouting, and said indifferently:

"Since earning a few million more in ticket revenue can make President Han so happy..."

"Then let's also reduce the production budget and publicity resources for the film and television department in the first quarter."

Cut the budget! Reduce resources!

For a film and television director with ambitions to expand his territory, he knew all too well what this meant.

"Mr. Li! Mr. Li, I truly know I was wrong! Please give me another chance..."

Old Han's face turned pale. He was about to plead for mercy, but Li Feng was too lazy to even look at him anymore.

"I'm going back."

After saying this, Li Feng left the table early, surrounded by Xiao Zhang and a group of bodyguards in black, leaving the group's senior executives at a loss.

……

In the shadows of the VIP passage, watching the taillights of his boss's Rolls-Royce disappear into the distance, Lao Han slumped against the railing.

"President Han... what do we do now?"

The deputy walked over nervously, not daring to breathe.

"What do we do?! You have the nerve to ask me what to do?!"

Old Han grabbed his deputy by the collar and roared, "Get backstage right now! Find that troublemaker right now!"

"I don't care who sold the tickets, tonight! Get them all shut down!"

"Yes! Yes! I'll take care of it right away! Leave no one alive!" The deputy was so frightened that he kept saying yes.

I dare not mention it at all. In fact, when the ticket proposal was submitted, Lao Han was quite satisfied and praised the person for being quick-witted.