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Chapter 1005: Former Name
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After dinner, Huang Xiaochuan asked Gao Song to take Tang Ruixuan back to school, as he had a meeting to attend.
Back in the dormitory, all three roommates were there, and Tang Ruixuan distributed the desserts she had brought back to them.
"Wow, our Xuanxuan is so kind! She even brings us delicious food when we go out to eat." Lin Weiwei happily took the tote bag from Tang Ruixuan.
Zhou Xiaoyu stared blankly at the handbag in her hand, because she recognized the restaurant's logo on it. Although she had never been to "Song Mansion" restaurant, she had heard some of her classmates from wealthy families mention it when she was in high school. It was said that a meal there was equivalent to two or three months' income for an average family.
She didn't expect her roommate to go to Song Mansion tonight. Who is Tang Ruixuan's uncle?
Seeing Zhou Xiaoyu standing there in a daze, holding a handbag, Lin Weiwei asked her, "Xiaoyu, what are you doing?"
"Oh, oh, oh! It's nothing, it's nothing," Zhou Xiaoyu quickly replied.
However, she couldn't suppress her curiosity and asked Tang Ruixuan, "Xuanxuan, did you have dinner with your uncle at Song Mansion tonight?"
The quick-witted Tang Ruixuan immediately understood. She replied gracefully, "Yes! It was a friend of my uncle's who treated us to a meal. I went along for a free meal, and since they saw that I liked this dessert, they asked me to bring some back. Considering that there were three of you, I didn't refuse and shamelessly brought it back for you."
"Oh my!" Chen Yue happily hugged Tang Ruixuan and kissed her to express her gratitude.
But after finishing the dessert, Chen Yue regretted it: "Oh no, oh no, I've consumed too many calories today! This is terrible!"
She ran downstairs after saying that, and the remaining three smiled. They knew that Chen Yue was going downstairs to run laps, and this wasn't the first time. So the three of them went about their own business.
Meanwhile, Huang Xiaochuan was meeting with Ma Weidong, general manager of Times Air Cargo Group.
Ma Weidong came from Wuhan on the company's cargo plane to give a face-to-face report to the boss on some work matters, mainly the development plan for air cargo in the future.
"Mr. Huang!" Upon seeing the big boss, Ma Weidong greeted him respectfully.
"Have a seat!" Huang Xiaochuan gestured with his hand, while continuing to flip through the first half-year financial report of Times Air Cargo Group.
As of June 30 this year, Times Air Cargo Group's operating revenue reached 969 billion yuan, with a gross profit of 72%, and the group's total assets reached 1182 billion yuan.
Overall, Times Air Cargo Group's operations are very stable, and Huang Xiaochuan is very satisfied with Ma Weidong.
He looked up at Ma Weidong: "The financial report for the first half of the year is good. In this capital-intensive and highly competitive industry, Weidong, you've done a good job."
Hearing this, Ma Weidong was very pleased and expressed his gratitude to the boss.
He then explained the purpose of his visit: "Mr. Huang, thank you for taking the time to listen to my report."
Huang Xiaochuan leaned back on the sofa and gestured for Ma Weidong to begin.
Ma Weidong immediately connected his laptop to the projector, and a PowerPoint presentation quickly appeared on the screen.
"Mr. Huang! Let me start by talking about the current state of the global air cargo market."
"Currently, global demand for goods is experiencing explosive growth, but it is also facing complex challenges such as geopolitical factors, fuel price fluctuations, and insufficient transport capacity."
Huang Xiaochuan nodded: "Let's skip the preamble and get straight to the point."
"Yes!" Ma Weidong quickly switched the images in the PowerPoint presentation and changed to a new screen.
"Currently, our Times Air Cargo has a market share of 18% in the domestic market, ranking as the third largest cargo airline, second only to Air China Cargo and China Southern Cargo."
However, compared to Air China and China Southern, we have two major advantages. First, we currently have the youngest fleet in the industry, with an average fleet age of about 5 years. Second, relying on our parent company, Times Logistics Group, we were the first cargo airline to deploy automated sorting systems and digital management, which makes our operational efficiency currently among the world's best.
Having heard this kind of thing countless times, Huang Xiaochuan asked directly, "Get to the point!"
Knowing his boss's temperament, Ma Weidong immediately said, "There are three main problems at present. First, our company's international route network is weak. As of August 31, we have only opened routes to major Asian countries and a few hub cities in Europe and America, which is significantly behind international express and freight giants such as FedEx and DHL."
Secondly, our current customer base is relatively homogeneous. Thirdly, the pressure to achieve carbon neutrality is significant; the EU's relevant regulatory mechanisms will begin operating next year, which will put considerable pressure on the future operating costs of our fleet.
After taking a sip of tea, Huang Xiaochuan asked, "So what's your solution?"
Ma Weidong switched the PPT content to the core section.
"I have developed a three-step strategy for the next five years. The first step is to expand the fleet and increase the route network. I plan to add 20 Boeing 777 freighters, 8 Boeing 747 freighters, and 15 Airbus A350 freighters within three years. While strengthening the existing route network, we will open up new markets in Africa and South America. At the same time, we are already in talks with a medium-sized German cargo airline. If the negotiations go smoothly and we acquire this company, we can directly obtain the EU's air operating license and a mature European route network."
Huang Xiaochuan put down his teacup: "What's the acquisition budget?"
"After professional evaluation, the acquisition budget is between 8 million and 12 billion euros," Ma Weidong emphasized. "But this investment can save us at least three years to enter the European market, so it's a worthwhile deal no matter what."
"Continue!" Huang Xiaochuan gestured.
"The second step is business diversification. In addition to traditional cargo and express delivery, we also plan to expand cross-border fresh food cold chain transportation, such as high-value-added goods like South American cherries, Australian lobsters, and Norwegian salmon. We also plan to expand into pharmaceutical air logistics; we have already signed strategic cooperation framework agreements with three leading domestic and international pharmaceutical companies, led by Kerui Pharmaceutical Group. Finally, we will increase the throughput of high-end manufacturing logistics, especially sensitive goods such as semiconductor equipment and precision instruments. We have also reached agreements with several semiconductor companies, including Huaxin."
Huang Xiaochuan rubbed his nose: "I remember that pharmaceutical logistics requires relevant qualifications, right?"
"Yes, we have just obtained the domestic GSP air transport certification, and the international certification is underway and is expected to be obtained in another four months. For this purpose, we have already planned to set up a dedicated pharmaceutical logistics training center in Singapore."
Huang Xiaochuan nodded without saying anything, but his attitude was clear: he supported him.
Ma Weidong revealed the final step of the plan: "We plan to integrate data from the entire supply chain and strive to achieve full traceability from order placement to receipt within a year, so that our customers can know the status and location of their goods at any time."
Huang Xiaochuan stood up and stretched: "Weidong, your plan is huge, it must require a lot of money, right?"
Ma Weidong did not deny this: "Yes, the total investment over the next few years is estimated to reach 580 billion, so we need your strong support."
"I'd like to know how long the return on investment period is?" Huang Xiaochuan asked Ma Weidong.
「整体战略的投资回报期经过我们专业的评估，预计需要7年10个月。但是我们可以在五年内将国内市场的占有率提高到25，国际市场的份额从目前的21提升到8」进入全球航空货运公司前十名。」
Have you developed a risk response plan?
"Once it's finalized, it can be submitted to the headquarters risk control department for review at any time."
Although 580 billion seems like a huge number, this investment is not a one-time investment, but will be made in multiple installments. When converted into each fiscal year, the amount is actually not that much, and the returns are generated every year.
Huang Xiaochuan finally made the decision: "Then let's proceed according to the procedure!"
Read the full text of Chapter 1005, "Top Ten," for free. Link: [link missing].