Rebirth of the Financial Crisis Sweeping the World

Chapter 470 470 Turnover of nearly 90 billion US dollars!

At present, Wang Guanxi's No. 1 Fund has a debt of US$5.5 billion, and the No. 2 Fund has a debt of US$1.2 billion, with a total debt of US$6.7 billion.

However, the acquisition of Cardinal Health Group this time allowed Wang Guanxi's consortium to extend its tentacles into the US pharmaceutical industry.

American Cardinal Health Group is actually one of the top 100 companies in the world, a multinational group specializing in health nutrition, health food research, production and global sales of medical health.

Founded in 1971, Cardinal International Group is now the supplier of 90% of hospital medicine and nutritional food in the United States.

Now the global healthy nutritional food, the top science academy in the field of biology and the world-renowned international biologists have conducted extensive technical cooperation, and developed a new generation of healthy nutritional products that are world-renowned and internationally leading. And adopt the world's most advanced biological gene purification technology to maximize the preservation of the activity of extracting nutrients.

The group's series of products have established sales outlets in more than 100 countries and regions around the world, mainly including the United States, EU countries, Canada, Japan, Singapore, etc.

The whole group has a very experienced working team.

Now it has 1,800 pharmacies, 550 medical staff and consultants.

The company's medical consultants leverage the company's strong financial base to conduct more than 1,600 studies in more than 200 medical fields. The company cooperates with 2,900 hospitals, other medical institutions, retail pharmacies, and pharmaceutical manufacturers. Centered in Dublin and Ohio, it has branches on five continents.

Moreover, the group's products have won the highest international quality evaluation, the world's largest manufacturer and seller of nutrition and health care products; the global sales champion, with a turnover of 56.9 billion US dollars in 2004; the global market share of nutrition and health care products reached 40%; awarded AAAAA+ 1 The highest international credit rating; it has the world's largest nutritional product research and development center and more than 1,000 scientists dedicated to product research and development, more than half of whom have doctorates.

Now it belongs to Wang Guanxi.

Luo Baowen brought the financial statements.

BOSS, this is Cardinal Health's balance sheet

Well, let me take a good look. Wang Guanxi looked carefully.

Total current assets 14.276 billion US dollars

Total non-current assets $9.172 billion

The total assets are 23.448 billion US dollars

Total current liabilities $10.388 billion

Total non-current liabilities $5.313 billion

Total total liabilities $15.701 billion

The total net assets are 7.747 billion US dollars.

The current net worth is 7.747 billion U.S. dollars, while the market value is 6.09 billion U.S. dollars!

Of course, although the market value is only 6.09 billion U.S. dollars, Cardinal Health Group is a Fortune 500 company in the world, and its sales are directly catching up with Ford Motor Company.

The turnover in 2008 was operating income of 87.408 billion US dollars

Operating costs 83.631 billion US dollars

Operating gross profit $3.777 billion

Operating expenses totaled $2.521 billion

Net profit was US$1.301 billion.

The dividends paid to shareholders are quite large, basically every year.

Regardless of the low profit, it occupies a very large market, basically in a monopoly position in the industry, and has a huge profit chain.

Although it is a monopoly enterprise, the price is not high. Because of the low price, other nascent enterprises dare not enter this industry rashly, because there is no profit.

Just like the Coca-Cola Company, a bottle of Coca-Cola hardly raises the price, keeps the price to a minimum, and prevents companies from entering this market. Because of low prices and low profits, no company dares to enter this market again. Even if it enters the market, it cannot compete with Coca-Cola. The company will soon suffer disastrous losses.

The Cardinal Health Group also operates in the same way. The price is kept so low that other companies dare not come in to compete.

Luo Baowen said: Boss, Cardinal Health Group's operating costs are very high, should we move some production lines to China, where labor costs are low?

Wang Guanxi said, Give it to the members of the Cardina family.

In the future, because of drug problems, the Cardinal Group paid $5.6 billion in opioid lawsuits. If there are problems with drugs, it is a terrible thing.

This requires employees who produce drugs, as well as supervisory management, with extremely high quality and moral standards, but the cost of such employees is very high.

After thinking for a while, Wang Guanxi said again: The Cardinal Group occupies nearly 90% of the hospital drug and nutritional food market in the United States. reputation.

Don't handle the pharmaceutical production line of the Cardina Group, and move away some non-core production lines of the group company that are not strictly required.

Yes, BOSS. Luo Baowen asked again: Then the CEO, shall we replace him?

At present, the chairman of Cardinal Health Group is Evan Cardinal, and the CEO is also appointed by the Cardinal family.

Wang Guanxi will arrange the chief financial officer and the executive director to join Cardina Health Group. The CEO should be replaced.

Thinking of this, Wang Guanxi said, Let me take a look at the information of the executives of Cardinal Health Group.

Yes, BOSS. Luo Baowen quickly brought the executive information of Cardinal Health Group.

chief information officer

CFO

Chief Legal and Compliance Officer

Executive Vice President, Strategy and Corporate Development -

Chief Human Resources Officer

Chief Medical Officer

Chief Executive Officer of the Pharmaceutical Division

CEO.

Wang Guanxi looked at all these positions, and finally he decided to promote Michael Kaufman, CEO of the pharmaceutical department, to be the CEO of Cardinal Health Group.

The original CEO, who belonged to the Cardinal family, was fired.

Of course, the other executives of the Cardinal family are still there, but the position of CEO needs to be hand-picked by Wang Guanxi.

Soon Michael Kaufman came in front of Wang Guanxi.

BOSS! Michael Kaufman once served as the North American president of PepsiCo and Pepsi Beverage Company.

Also served as Executive Vice President of PepsiCo Bottling Group.

He is also a board member of the National Urban League and a board member of Boston College, but the salary is not as high as that of Cardinal Health Group.

Wang Guanxi said: Michael Kaufman, you will be the CEO and executive director of Cardinal Health Group in the future.

Yes, BOSS! Michael Kaufman was extremely excited. He thought that the CEO position would fall on other executives, but he didn't expect it to fall on him. It was like a pie in the sky.

The salary of the CEO of Cardinal Health Group is several times higher than that of the CEO of the pharmaceutical sector.

The two chatted, and Michael Kaufman suddenly said: BOSS, I plan to move part of the production line of Cardinal Health Group to the coastal areas of China, where the labor cost is low and the cost of basic raw materials is also low. Help Cardinal Health Group reduce costs and firmly occupy the market share of American hospital medicines”

Wang Guanxi: Let's do it, especially the production of masks and the like, and move them all out of the United States

Yes, BOSS. Michael Kaufman was very excited, and then he talked about some of his own strategic plans.

Wang Guanxi nodded, quite satisfied with Michael Kaufman.

The matter of Cardinal Health Group has been settled, and the next step is to close the short list on the Dow Jones Index.

After the position is closed, there will be another big bargain!

But wait for the Cardinal hedge fund to explode first!

At this time, Wang Guanxi saw a piece of news that was bad for the stock market.

It opens next Monday, this Evan Cardinal is really going to die