In recent days, Xing Hai Technologies' various big investments had excited the netizens. At the same time, a question popped up in many people's minds: Where did Xing Hai Technologies get so much money?
Could Xing Hai Technologies really come up with hundreds of billions of dollars in cash?
Sorry, but I can take it out.
After a careful study of Xing Hai Technologies' business situation, a well-known domestic consulting organization, Zero Consulting, produced a rather credible report.
"Up until now, the three hardware products released by Xing Hai Technologies have all brought considerable profits to the company.
"The total sales volume of the Wa-wah robot has reached 48 million units, with an average net profit of 1,443 dollars per unit.
"The total sales volume of the Little Star learning machine has reached 56 million units. Half of them are educational machines, with a net profit of 180 dollars per unit; the other half are self-sold, with a net profit of 6,600 dollars per unit.
"The total sales volume of Bang Bang robots has reached 2.8 million units. The average net profit per unit is 15,000 yuan. As most users have chosen to pay in installments, the current average net profit is about 5,000 yuan."
Since the establishment of Xing Hai Technologies, the total profit earned from the sales of the three products is about $273.1 billion.
"In addition, after Xing Hai Technologies licensed the low-level cleaning robot technology to Da Mi Corporation's Love Mi robot, Xing Hai Technologies collected a licensing fee of about 8 billion."
"In addition, Xing Hai Technologies' Xing Hai Investments holds 50% of the shares of Youying Motor, 50% of the shares of Bi Long Technologies, 25% of the shares of the listed company Ling Feng Jing Mi, 36% of the shares of Zhong Xin International, and 10.5% of the shares of Purple Ray Corporation. Xing Hai Technologies has invested in more than 20 companies."
"Among these investment activities, some of them brought billions of dollars in profits to Xing Hai Technologies. Some were merely investments, but overall, the investments still exceeded the profits. The cash flow consumed was more than 60 billion.
"The thing that burns the most money is actually Xing Hai Technologies' R&D projects that are 'randomly casting a net.' There are 28 R&D centers in the country, and they have entered into 11 key fields. At present, all of these R&D centers have basically been built and put into use. On average, more than 5 billion has been invested in each R&D center. More than 140 billion has been burned in total!"
"In addition to the Xing Hai Headquarters building that is still under construction, the expenses for staff salaries, administration, office equipment, and so on have exceeded 30 billion … We have bought three supercomputers at 500 million each!"
But even if they spend as much as they want, the money that Xing Hai Technologies earns still hasn't been spent!
"Excluding all expenses, Xing Hai Technologies still has about $51.1 billion in cash flow."
"In addition to the 50 billion credit line granted to Xing Hai Technologies by the Industrial and Commercial Bank of China, the cash that Xing Hai Technologies can fork out is at least hundreds of billions."
"This amount of money is indeed enough to support Xing Hai Technologies to launch the 'Star Alliance' and fully promote their 'Star Cloud operating system.'"
"That's all for our analysis. Finally, we would like to offer our blessings to Mr. Chen Jin: May you go further and further on the path of willfulness."
From this, it could be seen that Zero Consulting was speechless towards Xing Hai Technologies' development plan.
…
In the office.
After reading the analysis article written by Zero Consulting, Chen Jin called Zhu Yuefang, the head of finance, over.
Chen Jin asked her, "Manager Zhu, there's an article on the internet saying that Xing Hai Technologies has about 50 billion in cash. Is the analysis of this article accurate?"
He didn't come to the company's headquarters often, so he didn't ask about the company's financial situation every day. He just had a general idea of what was going on.
"I've also read that article. It's quite accurate."
Zhu Yuefang nodded and said, "The company still has 56.36 billion in its account. If it falls below the 50 billion safety line, I'll immediately report to you."
"There's more."
She added, "Just now, the leader of the Industrial and Commercial Bank of China gave me a call. He said that they have increased the credit line for Xing Hai Technologies from 50 billion to 100 billion. We can withdraw this money at will and use it for our company's business expansion."
"100 billion?"
Chen Jin's jaw dropped. "This credit line isn't increasing from 30,000 to 50,000 on a personal credit card. It's an increase of 50 billion! All they have to do is give us a call? "
"We'll definitely have to sign a new credit line contract. The key is whether we need it or not."
Zhu Yuefang explained, "After the Little Star learning machine was launched into the market, it brought a huge amount of cash to the company. The problem of insufficient funds that we were worried about was solved in an instant. Therefore, the 50 billion credit line given by the Industrial and Commercial Bank of China has not been touched much. The most they have done is 500 million."
"The leader of the Industrial and Commercial Bank of China called and urged us to speed up the pace of our company's expansion, launch a few more big projects, and use more of their credit line. If the credit line is left untouched, they will have a lot of performance pressure."
Chen Jin broke out in a cold sweat. Performance pressure? Even the leader of the Industrial and Commercial Bank of China would have this kind of pressure?
After thinking for a while, he said, "I predict that the company will need to spend a lot of money in the future. How about this, if the company's cash on paper is less than 50 billion, we'll use the credit line from the Industrial and Commercial Bank of China. We'll use as much as we can. When we have sufficient funds, we'll repay the principal." The interest was not very high anyway.
Zhu Yuefang nodded. "Yes, President Chen."
…
After understanding the financial situation of the company.
Chen Jin received a few calls in succession.
One of them was from his aunt, He Jia. She said in a gentle and intellectual voice, "Little Jin, your company seems to be doing something big again? You must be spending money in a lot of areas. Do you lack funds? I can invest some more money in you to ease your financial pressure. "
"How much?"
"1 billion."
Chen Jin staggered. He thought for a while and asked, "Are you going to put it in Xing Hai Investments or take an annualized 10%?"
He Jia smiled and said, "Put it in the investment company. I believe in the skills of the traders in your company. I'm more optimistic about the future of Xing Hai Technologies."
"Okay, sure."
After a while, Chen Jin received another call from Little Brother Ze.
That's right, it was Wang Zeyu, the brother he had just reunited with. He was also calling.
"Brother Chen, your company should need a lot of money recently. My dad really wants to invest in your company. He wants me to ask if your company needs his investment."
"How do I invest?"
"Can I invest in your Xing Hai Technologies?"
"Forget about that. There are two options. One is to take an annualized 10%; the other is to entrust the funds to Xing Hai Investments. Your dad can choose one."
"Got it."
Two hours later.
Wang Zeyu called again and said, "Brother Chen, my dad can choose both options. Invest 3 billion at an annualized rate and another 2 billion to be entrusted to your Xing Hai Investments. Invest 5 billion to have some fun. Is that okay?"
Pfft!
Chen Jin almost choked again. He said, "Okay!"
In the next few days.
Although the rate of return was not very high and there was even a certain amount of risk, Chen Jin still received a lot of calls from Xing Hai Technologies. He had accepted a total of 20 billion in private loans and 30 billion in investment funds.
The total was 50 billion.
Then, he turned off his phone and pulled out his SIM card to block all phone calls.
Chen Jin sighed. "If you are successful, you will be the one who creates the wind. Countless investors will come to you like waves. Countless pigs will yearn to be taken to the sky by you."
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