After a morning of endless meetings, Xie Junhong felt a bit dizzy.
As soon as he returned to his office, he saw a thick stack of bound documents on his desk.
The top document had "Shanchi Technology" written in large characters.
He opened it and scanned a few pages, finding it was Shanchi Technology's financial report.
He then looked at several other documents, which were for Orange Technology, Juliang Engine, Hangxin New Energy, and even Jinyi Industrial.
"What does this mean?"
Xie Junhong asked his secretary, a little confused.
As the head of Beicang Urban Investment, he certainly knew that all these companies belonged to Tan Jincheng.
Nowadays, Tan Jincheng's every business move in Beicang attracted attention from the district.
If a company was established this morning, relevant people in the district would receive information by the afternoon.
Furthermore, the District Administration for Industry and Commerce adopted a "special handling for special matters" attitude regarding procedures and other aspects.
As long as regulations weren't violated, processes were simplified wherever possible, even offering on-site services when necessary.
Their attitude was incredibly good.
However, these financial reports were internal company data.
Although they appeared somewhat simplified, what was the purpose of sending them to him?
Beicang Urban Investment was, after all, only a shareholder in Shanchi Technology.
The secretary replied with a smile,
"Mr. Tan's secretary said that Mr. Tan is preparing to reorganize Shanchi Technology into a group. It's necessary to inform Beicang Urban Investment of this data, as we are also shareholders of Shanchi Technology."
Being a secretary isn't easy.
Mr. Tan's secretary sent a few emails, and these on the desk were all printed and bound by him.
Even the arrangement of the documents had a certain purpose: placing Shanchi Technology on top was to attract his boss's attention.
If it had been Orange Technology or Juliang Engine or something else, the boss might not have remembered it at once and just ignored it.
Xie Junhong was momentarily stunned.
Group reorganization?
He certainly understood what group reorganization meant.
There were exactly five companies here, and their scale indeed met the standards for group reorganization.
Beicang Urban Investment only held a 5% stake in Shanchi Technology.
Under normal corporate circumstances, Tan Jincheng making a phone call to announce the group reorganization would already be a show of respect.
In fact, even with Beicang Urban Investment involved, Tan Jincheng could operate in this manner, and neither he nor the district would say anything.
The group reorganization of Shanchi Technology was beneficial to the district.
Even if it infringed upon Beicang Urban Investment's interests to some extent, neither the district nor he could say anything.
However, Tan Jincheng had so solemnly presented the internal financial reports of several companies, which was quite interesting.
"How sensible,"
Xie Junhong murmured to himself.
The district was selecting him for Yongcheng's Top Ten Outstanding Young People, the media was hyping him up, and at the end of last month, he made a splash in the Imperial Capital.
Despite all this, he hadn't become arrogant, still strictly adhered to rules, and even revealed the financial data of his companies.
Would a 20-year-old actually think of this? What a prodigy.
If he were in Tan Jincheng's shoes, Xie Junhong couldn't guarantee he wouldn't get carried away and disregard the thoughts of his partners.
Xie Junhong quickly scanned Shanchi Technology's financial report.
After reading it, a smile appeared on his face.
Beicang Urban Investment had genuinely invested 70 million yuan in cash to acquire a 5% stake in Shanchi Technology; the rest could only be considered district incentives and had no relation to Beicang Urban Investment.
Judging from this simple financial report, that 70 million yuan could actually be considered recovered this fiscal year.
This is unbelievably fast!
Can a physical entity business be run like this?
A physical entity business that recoups its investment in a year and a half – this cycle is incredibly satisfying, isn't it?
Needless to say, although this investment was taken on at the instruction of the Beicang District government, he honestly felt a bit reluctant at first.
While 70 million yuan wasn't a huge sum for Beicang Urban Investment, it certainly wasn't small either.
If the investment had resulted in a loss, it would have been a bad debt, attributed to him.
He never expected that it could now become one of his achievements.
In this year's annual report, Shanchi Technology could be proudly highlighted.
He then scanned the financial reports of the other companies.
There weren't many highlights, at least not in Xie Junhong's eyes, especially the investment company called Juliang Engine.
Its name was strange, and it only owned 100 rental properties.
Come to think of it, these 100 properties were part of the equity transfer fee provided by Beicang Urban Investment when they first invested.
Xie Junhong found it somewhat amusing that Tan Jincheng listed such a company; it was entirely his private property, and there was no real need to bring it to Beicang Urban Investment.
Was this just to make up the numbers?
"Mr. Tan's Jinyi Industrial is quite profitable, with abundant cash flow. Wouldn't the banks be furious seeing this?"
Xie Junhong couldn't help but joke when he saw Jinyi Industrial's financial report.
There were many such import and export trading companies in Beicang.
While they made good money, in Xie Junhong's eyes, they were just 'good,' not impressive.
What truly captured his attention was Shanchi Technology's financial report.
First-quarter sales exceeded 100 million yuan, and in April, they were expected to ship over 40,000 electric vehicles, very likely securing the top spot in monthly sales.
Calculated this way, annual revenue would be at least 500 million yuan, and mind you, the peak season for electric vehicle sales hadn't even arrived yet.
In the first year of a 70 million yuan investment, to gain a physical entity business with revenue exceeding 500 million yuan, Beicang Urban Investment made a killing!
After reading, Xie Junhong pondered for a moment, then told his secretary,
"Schedule a time with the district; I'll go and report on the work."
Shanchi Technology sent five financial reports, and the underlying meaning was certainly more than just about group reorganization.
Perhaps there were ideas for deeper cooperation.
He needed to inform the district about this and also meet with Tan Jincheng.
"Oh, and also ask Mr. Tan when he's available. If he has time, I'd like to arrange a meeting to talk."
"I already inquired with Mr. Tan,"
the secretary quickly said.
"He said he wouldn't be free before the 8th, but the 8th works."
"The 8th? Is he that busy? Today's only the 3rd,"
Xie Junhong said, flipping through his desk calendar.
Then he added,
"Then let's schedule to meet Mr. Tan on the 8th. First, help me book the appointment to report to the district, settle it within this week."
"Okay."
How busy could Boss Tan be?
He'd simply visit each company, talk with their respective heads, and inform them of the upcoming company reorganization plan.
From a management perspective, group reorganization also benefited them.
With all companies integrated into a unified operation, corporate governance would become more compliant, and management would have greater upward mobility.
The change from branch company to head office would involve not just titles, but also remuneration.
Additionally, Tan Jincheng had been consulting professionals these past few days, seeking knowledge about equity design, asking them to help design Shanchi Technology's equity structure to reasonably mitigate more risks.
Most professionals suggested using family trusts to control the equity of the group's parent company.
Some also advised Tan Jincheng to establish overseas companies, but he temporarily rejected this option.
It wasn't the right time yet, and these methods weren't needed for now.
However, internet companies liked to establish overseas companies to facilitate listings on US and Hong Kong stock exchanges.
Shanchi Technology's plan was to list on A-shares, so there was no need for such complexity.
Moreover, Orange Technology was actually positioned to assist the automotive industry in the future, and there were no plans to introduce many investors, so the need for listing wasn't great.
As for industries like batteries and automobiles, future listings would be more convenient on A-shares than overseas.
It didn't matter if they weren't needed for now, but registering them was still necessary to facilitate future investments and other aspects.
Therefore, after the 3rd, after consulting professionals and consolidating their advice, Tan Jincheng also established two overseas companies.
One was named Chengyue (BVI) Limited, 100% controlled by Tan Jincheng.
The other was named Jinqing Holdings Limited, 100% controlled by Gu Qingqing.
BVI refers to the British Virgin Islands.
The purpose of doing this is very simple: to put it plainly, it's for tax avoidance.
This isn't just about paying less tax domestically, but also paying less tax abroad.
With import and export businesses, future export operations for both two-wheeled electric vehicles and automobiles were planned.
As the company's products globalized, the company itself would also globalize, and necessary tax reduction measures should be in place.
Later, Tan Jincheng would control the future Shanchi Group through these two companies.
Professionals are indeed professionals.
After their design, Tan Jincheng found the equity structure increasingly familiar.
Only later did he realize, wasn't it similar to that 'Belt' company's structure?
Because similar equity structure diagrams were no secret on the internet in later generations.
No matter how sophisticated you made it, it would be thoroughly exposed.
Tan Jincheng had, of course, seen the 'Belt' company's equity structure diagram.
"Forget it, 'Belt' it is."
Trouble is trouble, but it doesn't mean everything about it was wrong.
At least in terms of equity structure, he could ensure his descendants' stability, much like that company's setup.
He was indeed a reborn person, but who could guarantee the future? An extra layer of protection wasn't wrong.
The 'Belt' company enjoyed glory for 20 years, and when things went wrong, its owner was probably over 60, right? He had enjoyed what he was supposed to.
But he was only 20 now.
Even after 20 years of glory, he would only be 40.
Wouldn't he need to reach an old-timer's level to be truly secure?
If he ended up in prison at 40, he might as well not have started.
This organizational chart could also better remind Tan Jincheng to honestly conduct business and live a stable retired life.
Of course, these past few days, Young Boss Tan, bringing his younger sister to inspect work at various companies and meet with professionals, remained quite a spectacle.
Within a few days, the news that Boss Tan of Shanchi Technology liked to bring his younger sister to work had spread throughout Beicang District, becoming a popular topic of gossip during people's leisure time.
(End of Chapter)