Chapter 288 Why don’t you speak?
The annual meeting of Qingtian Group was held ahead of schedule.
Li Yuan specifically asked Yu Yue to be in charge.
After all, there are many companies under the Qingtian Group now, and the financial affairs will eventually be handled by the Qingtian Group. It is most convenient to let the head office do it directly.
They booked an amusement park in Jiangzhou, with more than 200 people from Qingtian Capital, more than 800 people from BiXin, and more than 300 people from Jiutian Media, not including the contracted internet celebrities.
There were more than a thousand people in total, and they all came to play on the last Saturday and Sunday.
The overall project is also very simple. We call some snack stalls outside to come in and pay each stall a fee ranging from 5,000 to 10,000 yuan. In total, there are more than 40 snack stalls, basically covering the most famous ones on the market.
Employees can choose what they want to eat.
After eating, you can continue to play in the playground. All facilities are free.
It is not realistic to have a large-scale gathering of thousands of people, so the only options are to hold some raffles in the amusement park. The minimum prize is one thousand, and there are more than fifty prizes of 50,000. If you win, you can go out and eat whatever you want.
Guo Meng was alone in the amusement park.
Her position in Kingkong Capital is very special. She belongs to the management, but actually has no power.
In addition, because of his bad reputation, he has almost no friends.
She is also rather introverted and rarely initiates conversations with others. The only people she can really talk to are Meng Jianguo and Yu Yue.
The two general managers are very busy and have no time to spare.
So she can only play alone.
Look for delicious food everywhere, stay in a lounge for a while after eating, and go out again to look for food when you are hungry.
She was still very happy because she had never eaten many of the snacks.
While queuing in front of a snack stand, she saw a familiar figure.
Strictly speaking, there are two, because she had seen Shu Yanlin, who was beside Li Yuan, on gossip news, but she had never met her before.
At this time, Li Yuan and Shu Yanlin also came over to line up.
After Li Yuan saw Guo Meng, he greeted Guo Meng.
Guo Meng also responded. After the two greeted each other, they each took some snacks and went somewhere else.
Guo Meng occasionally looked up and glanced into the distance. Li Yuan and Shu Yanlin looked like a couple in love...
What is it like? That's how they are.
Guo Meng also wants to find a boyfriend...
…
"Senior, did you know that I have a cousin?"
"I know. Have you met that cousin?"
"No, but my cousin was very happy and asked me to thank the senior."
"You knew it, but you still asked? Why? Are you testing me with this?"
"Hehe, how can that be possible? I actually want to thank you, too. Even though my uncle is not nice to me, we are still relatives after all..."
"Relatives can be important or unimportant..."
"Yeah, I understand. I won't give them the things that senior gave me, but even so, I still want to thank you."
"How do you thank me?"
"So, are you free tonight? I'd like to invite you over there as a guest, and I have a gift for you..."
"Oh, I wasn't free before, but now I am."
Li Yuan fed Shu Yanlin a bite, and then couldn't help but kiss her alluring lips.
Shu Yanlin smiled, and her smile looked very pure.
It reveals the clarity and stupidity that a college student should have.
The two played in the amusement park for six or seven hours. Because Li Yuan had a meeting to attend, he asked Shu Yanlin to go back first.
The content of the meeting was also very simple, mainly announcing this year's bonuses.
It’s different from last year, when there were fewer people and the bonus was higher.
There are so many people this year, and if you give too much money casually, it will easily cause psychological imbalance.
Traders basically receive six months’ salary, while ordinary positions receive four months’ salary.
The technical staff there gets three months' salary, while the ordinary staff gets two months' salary.
There is still a grievance award this year. After all, this year is the year when Guo Meng has been under the most pressure.
That is, around November, the mentality of those who cursed Guo Meng became distorted and they stopped cursing her.
So I guess I can save on the grievance bonus in the future.
This time Li Yuan was not stingy. He had promised two million and it was two million.
Yu Yue received the largest bonus, a full five million, most of which was a reward from Li Yuan for giving up his position voluntarily.
Meng Jianguo joined the company relatively late and was given a symbolic reward of 500,000 yuan.
After all, in terms of qualifications, he is not as good as Guo Meng. Even though his position is higher than Guo Meng, he does not have the same pressure as Guo Meng.
He himself understands this.
Only those who have worked at Sky Capital know that everyone’s bonus is earned by Li Yuan and has basically nothing to do with others.
If there is any connection, it is only Guo Meng, because Guo Meng took the blame for Li Yuan, the kind of blame that cost him his entire career.
As for other employees, I wouldn’t say they don’t play a big role. At least with the same salary, we can definitely find a lot of substitutes.
Is there a substitute for Guo Meng? Yes, but the problem is that it is really hard to find.
It perfectly fits the Qingtian Mixed Small and Medium Cap Fund. After Li Yuan left, it has not been popular for a single day.
Most people really can’t do it.
After the meeting, Yu Yue found Li Yuan with a pile of documents.
It mainly focuses on the revenue and tax reports of major companies in the Kingkong Group this year.
We spent more money this year, so the company’s funds do not need to pay taxes.
The only tax a company pays is on behalf of its employees.
Li Yuan mainly looks at the revenue situation.
Because of the mall, BiXin’s revenue exceeded 3 billion, but the operating costs were very high, and almost all of the 3 billion went to Jiutian Media.
The trust’s financing has almost been spent, and another round of financing will be needed after the new year.
However, the number of users has been growing steadily, and is now approaching 60 million, which is considered to be a rising star among Internet companies.
After all, the mall has attracted nearly 10 million users.
Jiutian Media is very profitable. It has earned nearly 2 billion from live streaming sales, and with the scattered liquidated damages and advertising revenue from its internet celebrities, the total is close to 3 billion.
The expenditure is around 10 billion, mainly including Gu Dongsheng’s 500 million yuan in dividends from selling products, as well as the signing fees of thousands of anchors and the company’s operating expenses.
Jiutian Media will be able to go public this year.
It’s a pity that Douyin doesn’t allow external links. If you want to drive traffic to BiXin Mall in the future, you must go through Douyin’s own massive channel. If you use this channel, you will have to pay Douyin a fee of 23 yuan for every user you drive to BiXin.
This is something that today's Bi Xin cannot afford at all.
Li Yuan can attract traffic at a loss, but he would rather subsidize the lost capital to users.
To put it bluntly, the current mainstream market is to spend a lot of money to attract traffic, and then harvest users to spread the cost of attracting traffic.
Users all over the world are being taken advantage of.
It's not enough for people to come to your place to consume and let you earn the profit from the products, but I have to bear the advertising expenses as well?
Starting a business is risky, that’s for sure.
But the problem is that starting a business should be about making profits through your own abilities, not through fraud.
How is this different from fraud? Don’t say it’s consensual, selling junk products at normal prices, and not providing adequate after-sales service, what else is this but fraud?
The platform doesn’t know that those merchants are selling fake goods? They know it too well.
But it is indulgence...
This is the reason why counterfeits will be rampant on Douyin in the next two years.
Those who are just looking for cheap prices will be fooled...
However, there are a lot of people who are completely unable to distinguish the authenticity of products, and believe in the promotional words, and ultimately buy fake and inferior products, which is the most unfair.
Is it wrong to be honest?
Yes, in the eyes of capital, being honest is wrong and you deserve to be cut!
If I don’t cheat you of your money, whose money should I cheat?
If this model continues, the entire business environment will be ruined and consumer credibility will slowly drop to zero!
Li Yuan will not allow funds to gather in the direction of greedy and unscrupulous capital, as that would be a fatal blow to the entire economic cycle.
It will lead all capital towards greed and no bottom line, otherwise no money will be made.
The same principle applies to bad money driving out good money.
The revenue of Qingtian Group mainly comes from investment. It made 50 billion yuan from investment in the financial market. However, it all spent the money and now there is almost nothing left.
Kingkong Capital needs to publish its annual report because of its listing, which is also an important part of Li Yuan’s review tonight and needs to be announced tomorrow.
The net assets of Kingkong Capital are increasing.
Even though it was stripped away by Li Yuan once, it is now rolling like a snowball again.
First, the QDII Phase III fund collected US$500 million in management fees, and the QDII Phase IV fund collected US$250 million in management fees, which adds up to US$750 million, or a total of 4.875 billion.
Next is the management fee of Kingtian Mixed Small and Medium Cap. The scale was not large before, and the total amount was only tens of millions. But in the last two months, the scale of the four funds expanded rapidly. Even if it was only two short months, according to Kingtian Capital's annual management fee of 2%, it could collect 0.33% management fee in two months. The average holding was 400 billion, and the management fee reached 1.32 billion.
Among them, Li Yuan borrowed 200 billion in the name of Qingtian Capital and finally made 60 billion.
Currently, all of this money has been invested in the market, and the net assets of Kingkong Capital have reached 66.2 billion.
There was no dividend last year, and Kingkong Capital was only listed for one and a half months.
However, there will definitely be a dividend distribution at the end of this year, based on the final revenue situation.
This year, Li Yuan retained his title of the richest man, with a net worth of 290 billion, the same as last year.
After the review, the result was similar to what Li Yuan had predicted, so he signed it and asked Yu Yue to disclose it according to the procedure.
"Mr. Yu, our plan after the new year is to arrange for Jiutian Media to go public and build logistics centers for BiXin in various cities across the country. If we don't have money, we can go to the bank for a loan."
If you want to build a big business, you have to take out loans.
Loans can also expand your network. At least the lending bank will try to help you do things within its ability. They are worried that you will not be able to repay the money.
As for the meltblown cloth and mask machines, Li Yuan did not say anything for the time being.
He must get goods from abroad and cannot snatch domestic supplies because there is no point in doing so.
The first thing to do now is to prepare for the New Year, but first he has to go and see the gift Shu Yanlin prepared for him.
At eleven o'clock at night, he arrived at Shu Yanlin's residence.
The lights in the living room were on, but no one was there.
The bedroom door was ajar, so he walked over and pushed it open.
…
Shu Yanlin looked at Shen Luo in front of her and said curiously, "Why don't you say anything? I'm your cousin! Hurry up and shout, I'll take you out for a delicious meal tomorrow!"