Chapter 654: Chapter 471 Tengying Management College
Tengying Group is still a very powerful comprehensive business group.
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Chen Pingsheng remembered famous industry critic Mr. Luo, who once criticized a certain mobile phone reviewer.
He said that since you’ve taken people’s money and are essentially kept by others, you shouldn’t talk about personal independence.
That’s all nonsense.
y to summarize the work of the past three months.
...
Chen Pingsheng could tell from the financial reports alone that the second quarter had mixed results.
Good ones include Antler Coffee, Snacks Dash, Teng You Media and other new economy businesses.
Poor performers were Fei Yangyang Catering, Tengsheng Fruit, and Bobo Milk Tea among the traditional economy.
Tenghui Department Store was in between, always fairly stable.
Just as he had anticipated, the milk tea industry began to intensely compete internally.
One wave of cut-and-run harvested wealth after another.
The industry officially fell into a disorderly era, as the young generation particularly favored starting milk tea businesses.
Many were using their parents’ money to start franchises.
On a seemingly busy street, it was common to see dozens of stores next to each other, all bunched together.
Under these circumstances, it was normal for Bobo Milk Tea’s second quarter financial report to fall below expectations.
Although it didn’t meet expectations, it remained the undisputed industry leader.
As for Fei Yangyang, it was chaotic for a long time after Gao Hu and his founding team left.
Although it quickly stabilized after that, the performance was still greatly affected.
The fastest progress was seen in Water Cloud Space, managed by his wife.
Even without considering the surge due to Golden Finger, Water Cloud Space’s yearly profits were steadily growing.
Now they can maintain net profits of over three billion yuan per year.
Once the situation stabilizes in more than two hundred stores in eight cities, it should be able to maintain between sixty to one hundred billion.
High-end beauty profits are too high, especially those device projects.
Just one procedure can cost hundreds of thousands.
Milk tea couldn’t generate such profits even if it was sold to the point of saturation.
No wonder his wife is increasingly fond of shopping – it seems like she has so much money she doesn’t even know how to spend it.
Chen Pingsheng didn’t ask her exactly how much money she still had.
“Notify Qiuyan, Yang Qian, and Chang Fu to come to the headquarters first.”
Lin Qiunan went to call these top executives, while Chen Pingsheng stood by the floor-to-ceiling window quietly watching the Huangpu River.
Honestly, he had been thinking of starting his own university.
Not any high-level university, but the most ordinary type of management college for individual proprietors and regular staff.
Education is the foundation of a nation, and now that he has so many employees,
it’s time to establish a specialized management college.
He definitely doesn’t lack the funds for it.
Chang Fu and his wife Yang Qian, however, arrived quickly due to the upcoming quarterly meeting.
They returned to Magic City earlier than planned; otherwise, they usually stayed in Xiangjiang.
The advantage of staying at the Xiangjiang headquarters was clear: no need to entertain one visitor today and another tomorrow.
Besides, staying in Xiangjiang given the opportunity is quite nice.
“Old Chen, you didn’t call me here just to have a drink, did you?”
“I don’t have that kind of leisure time.”
Chen Pingsheng said, “I called you because I want to ask you about something else, to see if you are interested.”
“What is it?”
“I’m thinking of setting up a Tengying Management College, with an investment of about two billion. Are you interested in being a teacher there?”
“That’s a great idea!”
Chang Fu excitedly said, “If you don’t mind my junior high school education level, what else can I say? If I can be a teacher, then my wife shouldn’t have any problems, right?”
“She definitely won’t have any problems. After all, she’s the CEO of a hundreds-of-billions listed company, something others can only dream of.”