"Let's briefly discuss the financial status of each company up to last month. Flash Motors Technology will report last."
Currently, the finances of each company are independent.
With the large volume of business, using part-time accountants is no longer feasible.
Since Zhao Xinyi's notification at noon, the accountants from each company came with their laptops in the afternoon.
Tan Jincheng needed to understand the financial status of each company.
Before group operations, he had to have a clear idea himself.
Additionally, that idiot Xin Jingbao claimed Tan Jincheng's net worth was 1 billion, and he also wanted to know if it was true.
As the boss, he couldn't be completely ignorant of each company's financial situation, but the specific details wouldn't be that clear.
"Who wants to go first?"
The accountants from each company looked at each other.
Reporting finances to the boss was normal, and they usually did so regularly, but today something felt off.
The feeling that something was off was because a little girl, barely two years old, was sitting next to the boss, also nodding with a serious expression.
Her little demeanor clearly mimicked the boss's actions, making it hard not to laugh.
Tan Jincheng also noticed and couldn't help but find it amusing.
This little one had been imitating his actions since noon.
"Then I'll go first. Our company's financial situation is relatively simple,"
the Orange Technology accountant said with a smile.
"Hmm, okay, begin."
"Kaixi ba,"
Tan Jinyue also said crisply.
"Jinyue, don't talk. If you keep bothering me, I'll send you back. Gege is handling serious matters right now. I'll take you to the amusement park after I'm done."
"Oh, okay."
The amusement park was indeed very appealing.
The little one quieted down, and the Orange Technology accountant continued:
"Orange Technology's current financial situation is very simple. Besides the last business transaction with Zhongtai Auto, there has been no income.
The company only opened last month, so expenses were relatively high. Rent, utilities, and labor costs amounted to 1.5 million yuan. However, starting this month, our expenses will stabilize at around 200,000 yuan per month, mostly for labor.
Additionally, Orange Technology currently holds 15 million yuan in cash, mainly comprising income from Zhongtai business and previous capital injections."
Orange Technology's finances were indeed very simple, with nothing much to say.
Before formal promotion, the main expenses were just labor costs, and various marketing expenses would be added after the promotion period.
At least for the entire year, Orange Technology would not have any income.
It had to be said that the internet was truly a money-burning business; if the promotion effect wasn't good, it would all be for naught.
People only saw the glory of internet companies after they went public, the ultimate thrill of getting rich overnight, but they didn't know that before that, both large and small companies were burning money.
Large companies could burn venture capital, money raised through financing, while most entrepreneurs of small companies burned their own money, succeeding or perishing.
Under the great tide of the era, in any industry and on any trend, there was never a shortage of pigs that were blown away.
"Hmm, got it,"
Tan Jincheng nodded.
For the two small projects, Kaixin.com and Kaixin Farm, 15 million yuan available for marketing was simply extravagant.
This was a rich battle.
With such a rich battle, conquering Ping'an City shouldn't be a big problem, right?
Seeing that the boss had no comment, the Jinyi Industry accountant then began to report:
"Jinyi Industry's business started to improve after last year's Autumn Canton Fair, and orders for this year's Spring Canton Fair increased significantly.
Additionally, due to Flash Motors Technology's export business opening up the market, by the end of April, we have received a total of 50,000 export orders from the two exhibitions in Chuncheng and Shanghai.
Currently, the company has a total of 10.3 million US dollars in its account, 5.07 million US dollars in accounts receivable, and another 22.3 million unpaid supplier payments."
After speaking, the accountant looked happily at Tan Jincheng.
Doing all electronic product import and export business was truly profitable.
After deducting accounts payable, there was almost 100 million in cash in the account, and this was only after participating in two Canton Fairs.
Furthermore, the cash flow was very abundant.
Although Flash Motors Technology had a huge electric vehicle business with stores in most cities nationwide, its cash flow in the accounts truly couldn't compare to Jinyi Industry.
In terms of earning capability alone, it could be said that none of the boss's current companies could surpass Jinyi Industry.
It's a pity the boss is a career-minded person, not a money-minded one.
"The financial situation is very good. Qin Junchao did a great job. Go back and tell him for me that everyone will receive a semi-annual performance bonus after June."
Tan Jincheng also nodded in satisfaction.
Previously, when considering the groupization of his companies, in order to resolve the issues with electric vehicle export business, he had intended to merge Jinyi Industry into Flash Motors Technology, making it a department of Flash Motors Technology.
Now, it seemed he was a bit reluctant.
A company that could provide him with several hundred million in cash flow annually would be too wasteful to merge directly under Flash Motors Technology.
Damn it, no merger.
Otherwise, when it goes public, it'll all be splitting money with minority shareholders.
It's all my money!
At most, the electric vehicle export business would be spun off to Flash Motors Technology.
"Okay, thank you, boss,"
the accountant thanked happily.
Jinyi Industry's detailed financial accounts were not very complicated.
She had an easy job at Jinyi Industry.
On the other hand, after the boss opened up the business channels in the early stage, Jinyi didn't manage much later, and HR matters were relatively flexible.
If the work was done well, clocking in and out wasn't strictly enforced, and it was common to leave before closing time to pick up children.
"There's not much to say about Julang Engine. Currently, there are no investment operations, just collecting rent from the boss's 100 apartments. It was reported last time, so I won't say much more."
"Hmm, however, Julang Engine will undergo some restructuring later. For example, my shares in Jinpeng Industry and Mingcheng Industry will be transferred to Juxing Engine this month. This is why I called you here. You'll need to coordinate well with the accountants of these two companies then."
"Okay, understood."
With the start of groupization, Tan Jincheng will no longer hold any company-related shares in his personal name, except for stocks, which will all be held in the company's name.
Being professionals, everyone understood.
The boss gathering accountants from so many of his companies to report on their work, and then transferring scattered shares to Julang Engine, clearly signaled major moves were underway.
Witnessing the company grow step by step, everyone felt a bit excited for a moment.
"Alright, Liu Jie, please begin,"
Tan Jincheng gestured to Liu Meilin.
"Sales statistics for electric vehicles in April are not yet out, but as of March this year, we have sold a total of 68,500 electric vehicles. Due to Olympic promotions and the Shanghai exhibition, April sales are expected to see a significant increase."
After the New Year, both of Flash Motors Technology's factories are operating at full capacity, with production reaching their peak.
Three months of inventory plus electric vehicles produced in April are completely sufficient to cope with the sudden surge in sales.
According to the expected shipment volume, April sales are very likely to reach 40,000 units or even more.
This achievement is enough to set this year's highest single-month sales record for electric vehicles.
Such intensive publicity combined with large-scale exhibitions really makes a public appearance.
"Just briefly state how much money is currently in the account; you can skip some of the other data,"
Tan Jincheng interrupted.
Compared to other companies with few operations, if Flash Motors Technology were to discuss data, it would take several hours.
Anyway, sales reports could be viewed afterward.
After implementing the supplier system, the ex-factory price of electric vehicles would definitely decrease, leaving a certain profit margin for suppliers.
Currently, the ex-factory price of Flash Motors Technology's electric vehicles is 600 yuan lower than the market retail price.
The actual sales revenue for 68,500 units is around 100 million yuan.
The first half of this year is still a major marketing year for Flash Motors Technology, with marketing expenses significantly increasing compared to when it was founded last year.
In practice, achieving a profit of around 15 million yuan from sales of 68,500 units in the first quarter is already very good.
To dilute costs, only increased sales will work.
However, even though the current profit margin is not high, Flash Motors Technology's cash flow has always been good.
Due to the way the payment collection mechanism is set up, products sold in the first quarter have been fully collected.
On the supplier side, a payment can be deferred again.
What businesses value is not the ultimate profit margin, but cash flow.
For an enterprise, money is only the driving force for development when it flows.
Stagnant funds are not very useful.
Jinyi Industry has a lot of money sitting in its accounts, but its development prospects are not as good as Flash Motors Technology.
"Including last year's balance, Flash Motors Technology currently has approximately 130 million yuan in its accounts."
"What about the company's debt-to-asset ratio?"
"The company's debt-to-asset ratio is controlled within 30%,"
Liu Meilin replied smoothly.
Tan Jincheng nodded:
"Hmm, I see."
The company's debt-to-asset ratio is only 30%, and liquid cash in the accounts exceeds 100 million.
From a valuation perspective, Beicang Urban Investment's initial investment in the stake has at least broken even this year.
In that case, enterprises in which Flash Motors Technology holds shares, such as Hangxin New Energy, Mingcheng Industry, and Zhongtai Auto, etc., would all be transferred to Julang Engine through a share swap by the group's parent company, significantly reducing obstacles.
"Alright, each of you should prepare a simple summary of your financial status. The data doesn't need to be too detailed; just send a copy to Zhao Xinyi when it's done,"
Tan Jincheng said after a moment of thought.
"Additionally, Xinyi, please have Hangxin New Energy also issue a financial report and send it to you."
"Alright, that's all for today. You all go and prepare. This month we will be undertaking corporate restructuring and preparing for group operations. Please be ready."
Groupization, being financial professionals, they naturally understood what groupization meant.
As soon as Tan Jincheng uttered these words, the accountants from each company's eyes sparkled.
The boss was planning something big, and sure enough, just as reported, Flash Motors Technology was about to expand.
"Xinyi, after all the financial reports are compiled, please help me notify Beicang Urban Investment."
"Okay, boss."
"Meeting dismissed. That's all for today. I have to take the child to the amusement park."
Little Jinyue, who hadn't dared to speak the entire time for fear of not going to the amusement park, jumped up from her chair in excitement as soon as she heard the words "amusement park," and the atmosphere in the meeting room suddenly changed.
(End of chapter)