Chapter 1358 Spent six hundred small goals

   "No money again?"

   After the flag-giving was over, Xia Jingxing heard the "bad news" as soon as he returned to his office.

  Deng Yuanjun handed Xia Jingxing a financial statement with a bitter smile and said, "All expenses are on this statement."

  Xia Jingxing frowned and took the report, and then read it carefully.

   At the beginning of the year, 10 billion US dollars was injected into Fuxing Industry from overseas, which was about 68 billion RMB at the exchange rate at that time.

   Then under Xia Jingxing's command and instigation, the subordinate units of Fuxing Industry began to spend money lavishly.

  The acquisition and capital injection of Wuling Motors, as well as the purchase of GM's Buick Excelle passenger vehicle technology, cost a total of 20 billion yuan. In addition, the 6 billion yuan investment commitment owed to Liucheng has not been fulfilled, and the investment will be made in batches in the next few years;

  Fuxing Zhijia privatized Kelon (including Rongsheng), Supor, Little Swan and Skyworth four listed companies, costing a total of about 15 billion yuan;

The seven integrated circuit colleges, two aerospace colleges and other school-enterprise co-construction projects jointly established by Fuxing Industry and a number of colleges and universities will invest 2.5 billion yuan in the first year to improve the teaching level of colleges and universities. In the next five to ten years, Fuxing Industry will also invest 1 billion to 2 billion yuan in education funding every year;

  Rejuvenation Semiconductor, Cloud and Smart Business Group, and Research Institutes are even bigger money-burners, each splitting 5 billion yuan in development and research funds;

  The development stage of the aerospace business group and the new energy business group is still relatively infancy, and each received 2.5 billion yuan of funds from the group, which are mainly used for the upgrade of UAVs, the establishment of aerospace rocket projects, and the research and development of power batteries and photovoltaic projects.

  Shunchi Real Estate has also obtained 2.5 billion yuan of development funds, and the bank loans leveraged by these funds are enough to complete the construction of tens of billions of real estate projects.

   Currently, Sunco is frantically acquiring land in first-tier cities such as Beijing, Modu, Pengcheng, etc. However, it does not speculate on the land, and the acquired land is only used for the construction of employee communities and schools for children.

   All these major expenditures were added together, and unknowingly it had exceeded 60 billion RMB, making Xia Jingxing speechless for a while.

   He didn't feel that it cost him much, how come he didn't have 600 small goals!

  Women spend money when they go shopping, and most of them feel the same way as him. Obviously, they have restrained their desire to consume, so it is a bit scary when the bill comes out.

   The only thing that Xia Jingxing felt relieved was that Fuxing Mall and Fuxing Electronics Group did not ask for funding from the parent group, and the two companies had already achieved self-sufficiency.

Because Fuxing Mall is an asset-light operation model, it mainly operates and maintains an e-commerce website, selling mobile phones, home appliances, and drones. The labor cost is not large, and R&D is almost the same as none. The logistics completely rely on Jingxi to achieve revenue. Balancing is easy.

  Fuxing Electronics Needless to say, the ace business Fuxing mobile phone has achieved comprehensive profitability as early as last year, and it has amortized all R&D costs, and has achieved comprehensive profitability under the condition that R&D investment is still increasing.

There is no other reason. Once the shipments of high-end mobile phones exceed the critical point of one million, the gross profit rate and net profit rate will explode directly in situ. Once the shipments of high-end mobile phones reach the level of ten million, it will be a money-printing machine at full capacity. machine.

In 2008, Fuxing Mobile achieved a total sales volume of 16.17 million units, with a total revenue of more than 60 billion yuan and a gross profit of nearly 25 billion yuan. After deducting various costs and taxes such as manpower, research and development, and sales, the net profit was about 15 billion.

In the first half of this year, Fuxing Mobile sold a total of 8.89 million mobile phones. Since Fuxing FX2S has just been on the market for a month, there will be a period of rapid sales growth in the second half of the year compared with the first half of the year. It is estimated that the sales in the second half of the year will be 15 million to 20 million department.

   Even if it is calculated based on the shipment of 15 million units, Fuxing Mobile can generate at least 100 billion yuan in revenue this year, with a gross profit of about 40 billion yuan and a net profit of more than 25 billion yuan.

   The Fortune 500 in 2009 was officially released two days ago. In the context of the outbreak of the financial crisis, the threshold for entering the list has been greatly increased.

Last year, Conscience became one of the only 43 Fortune 500 companies in China with an annual revenue of US$16.78 billion in 2007. At the same time, it also won the honor of being the first Chinese private company to be included in the Fortune 500, ranking 499th. The limelight is unparalleled, attracting the attention of the world.

   This year, the conscientious company that was already at the end of the list was not selected, and it was replaced by Hualu Group, which ranked 499th, with a total revenue of 18.58 billion US dollars in 2008.

  Fuxing Electronics' annual revenue is very close to the threshold for entering the top 500 list in the past two years. As long as the threshold for entering the list next year is slightly lowered, it may replace the conscience company as the No. 1 private enterprise.

   And Fuxing Electronics Group is just a sub-group of Fuxing Industry. There are six brothers one size smaller than it.

   If Fuxing Industrial Holdings Group applies for the top 500 selection as a whole company, it can almost be selected for the list next year.

  Because the revenue of the home appliance business is very huge, such as Skyworth’s annual revenue of about 20 billion, Kelon’s 10 billion, Little Swan and Supor each more than 4 billion, plus Little Bear Electric, Fuxing Zhijia Group’s annual revenue can reach 40 billion.

   However, the profit margin of the home appliance business is not high. Except for Skyworth, which has an annual net profit of one billion yuan, the other three companies have an annual net profit of about two or three billion.

   Overall, Fuxing Zhijia’s net profit margin is less than 5%, which is more than five or six times worse than Fuxing Mobile.

   After reading the financial report in his hand, Xia Jingxing was mixed.

  Happy is that Fuxing Mobile basically does not need the parent group to inject any more capital. Even if 10% of the revenue is taken out every year, that is, tens of billions of funds are used as R&D investment, it will not have any impact on the capital chain;

  The worry is that the industrial system of rejuvenation is too huge, not because he spends too much money, but because the blueprint for the industry is too big, and it takes a lot of investment to turn the cakes drawn one by one into reality.

   "Although 60 billion has been spent in just a few months, it has basically solved the problems of R&D investment and capital operation of major business groups and sub-groups this year and even next year."

  Xia Jingxing looked up at Deng Yuanjun and asked, "Do you think it's faster to spend money? Or do you think we should be more restrained?"

  Deng Yuanjun smiled and said, "Although the 10 billion US dollars was quickly spent, I still don't think it's a big problem.

   It's just that I'm in charge of finances, so I feel a little panic! "

  Xia Jingxing smiled and waved his hand, "What is the panic? Don't panic!

   From next year, let Fuxing Mobile turn over a part of the profits to support the development of the brother company.

   In addition, Fuxing Zhijia has completed the privatization of several listed companies and is basically self-sufficient.

  What really needs long-term investment is the rejuvenation semiconductor, cloud and smart business groups, which are big money burners.

  If you are really short of money, can you still borrow and issue corporate bonds?

   When we are selected into the Fortune Global 500, the corporate credit rating will definitely go up several levels.

   Take another ten thousand steps back and say, isn't there me? I can always inject another $10 billion into Renaissance Industries. "

  Deng Yuanjun laughed, nodded and said, "Okay, Mr. Xia, I understand, I am unfounded.

  Then we don’t have to have any psychological burden, just work hard, spend money in a short period of time, and replace it with real technical capital and industrial advantages, and exchange money for time. "

  Xia Jingxing nodded with a smile, "That's right, otherwise why would I inject 10 billion US dollars into Fuxing Industry? Wouldn't it be better to let Fuxing Mobile develop one by one?

  Time is precious, competitors will not wait for us, and technological innovation will not wait for us. "

   "Oh, yes, Mr. Xia, there is one more thing to report to you!"

   Xia Jingxing noticed that there was a hint of joy in Deng Yuanjun's tone, so he looked at the other side curiously.

  Deng Yuanjun first smiled silently, and then announced the good news: "The first phase of the Yizhuang Headquarters Park has been officially completed, and the final acceptance is underway.

  If there are no major problems, the entire headquarters will be moved to Yizhuang in a few months, to get rid of the current unfavorable communication environment where various departments and business groups are scattered.

   Working together in a centralized manner is more in line with our current corporate image and more convenient for management. "

   A smile appeared on Xia Jingxing's face, "This is good news! After waiting for so long, our Beidrift family is almost among the top 500 in the world, and finally settled down in the capital."

  Deng Yuanjun laughed, "That's our company, if it's another company, the real estate project that sells dog meat with sheep's head has long been successful, and maybe the community has sold out several after opening."

  Xia Jingxing's mouth twitched. This issue is sensitive and will not comment.

   "By the way, how is the Fuxing Building in Shangdi?"

  Deng Yuanjun replied: "Because it is a super high-rise building, and the building area itself is relatively large, if you want to settle in, you will have to wait until next year at the earliest."

  Xia Jingxing nodded slowly, "Okay, I understand, don't worry, let's build slowly, after all, it's a landmark building, so we have to take it seriously."

   "By the way, have you heard about the equity restructuring of the Conscience Group?"

  Xia Jingxing suddenly turned his head to look at Deng Yuanjun, who instantly understood the boss's eyes.

   (end of this chapter)