my fintech empire.

Chapter 461 [Star Capital 2010 Financial Report]

In the afternoon, stay in the villa quietly.

Tian Jiayi came back from get off work and brought back Qunxing Capital's 2010 annual report materials. At this moment, she brought the materials to the study on the second floor, where Fang Hong was.

"The company's annual report is out."

The beautiful assistant put the materials on the desk in front of Fang Hong, and the latter opened it immediately. Tian Jiayi immediately said: "The company's annual revenue in 2010 was 5157.13 billion yuan, an increase of +85.15% compared with last year. The profit was 1893.22 billion yuan, an increase of +42.39% year-on-year, and the scale of profit has been reduced as much as possible, but the profit is too much, the growth is too fast, and the layout cannot be arranged. The net profit rate of 36.71% has been suppressed to the limit, and it cannot be suppressed any further. Living……"

If it is not suppressed, the net interest rate may soar to more than 65%. Qunxing Capital is already a super "prodigal". The Kyushu Blue Arrow project, including the secretly promoted Natural Science Fund, etc., which one is not worth tens of billions.

But even with such "excessive extravagance", the profit statement of the annual report is still so eye-catching.

Although the squandering is big, the harvest is even bigger.

Fang Hong browsed the detailed rules of the financial report, and said with a smile: "It's not all bad. This year's base is bigger, and next year's report will be easier. There is nothing wrong with it."

Tian Jiayi suddenly asked back: "But what if I might earn more next year?"

Fang Hong: "emmm..."

As for losing money?To be honest, the current beauty assistants don't really believe it. Unless the global capital market closes down, it won't be able to stop this guy's harvest at all.

Hearing this, Fang Hong nodded seriously: "That's right."

But this is indeed a problem, and Fang Hong quickly thought of another point. Although Qunxing Capital is a non-listed company, it has to pay taxes after all, so it can’t hide much. Once the tax is paid, it can be seen at a glance. All panthers.

This is indeed a problem.

You can let the outside world know that Qunxing Capital is rich, but you can't let the outside world know how rich Qunxing Capital is.

Fang Hong thought for a while, then looked at the beautiful assistant and ordered: "Make a copy of the annual report and send it to Qin Gangyi tomorrow. By the way, I would like to suggest it to the superiors. Since most of the income comes from overseas markets, in order to avoid Western attacks. , and to be able to better reap more profits overseas in the future, Qunxing Capital should adopt a strategy of keeping a low profile and making a fortune in a low-key manner, so ask for instructions to technically hide part of the finances, and wait for the future to be announced at an appropriate time."

To put it bluntly, in the future, Qunxing Capital will publish two reports, is it fake?Definitely not, it’s just that one is for the inside and one is for the outside, both are true, that’s all.

Then, when the time comes to pay taxes, it will be based on the report to the outside world.

Anyway, Qunxing Capital is not a listed company.

Tian Jiayi couldn't help but frowned and said, "Will the higher authorities approve it? After all, that's a huge saving in taxes and fees, which can cost tens of billions and may even reach hundreds of billions in the future."

Fang Hong said calmly: "Who said you should pay less? The tax, the stars must be paid in full, and there will be no less. The hidden part of it will not be reflected in the land tax of the new city, and it will be enough to directly pay the national tax." Well? The ratio is still so much, and the actual point is not bad, and if it is decrypted in the future, it will be refunded to the Xincheng place according to the actual situation, and it will be over?"

Not all taxes paid by enterprises go into land tax, and part of the national tax also has to be taken away.

As for Fang Hong's meaning, Tian Jiayi immediately understood what he said. Qunxing Capital would not pay less tax every year, but the land tax actually got less.

Assume that Qunxing Capital actually pays 500 billion yuan in taxes this year, but the report is based on the "external" one, showing 100 billion yuan in taxes and fees, and 40% of the land tax will be returned to Xincheng, and the rest The 40 billion national tax was taken away.

Then there is another 400 billion yuan. This part of the national tax is directly taken away, which is equivalent to a 160 billion less land tax. Under normal circumstances, 200 billion should go to the local tax, but the actual land tax is 40 billion.

Tian Jiayi couldn't help thinking thoughtfully: "In this case, the probability of approval from the higher authorities will be greatly increased. As for the refund in the future, I guess Xincheng will not ask for it."

Fang Hong smiled. In the future, the compensation will definitely be refunded, but after the refund, Xincheng will definitely not want it.

If you really want to, you still want to make progress with this kind of ideological awareness?
After a while, Tian Jiayi continued to report the unfinished content: "The company's net assets at the end of 2010 were 18136.16 billion, a year-on-year increase of +187.03%; total assets were 20788.07 billion yuan, a year-on-year increase of +145.29%; debt scale was 2651.91 billion yuan , a year-on-year increase of +22.99%, but the company's debt ratio was 12.75%, a year-on-year decrease of -49.88%, and the liquid cash reserve was 4573.36 billion yuan, a year-on-year increase of 143.26%.

Tian Jiayi added: "The company's current main assets are overseas US dollar assets, with a total nominal net value of 2430 billion US dollars, accounting for 77.26% of the company's total assets."

Obviously, the harvest of overseas markets accounted for an absolute proportion of this explosive annual report.

Tian Jiayi suddenly looked at Fang Hong with a smile: "May I ask Mr. Fang, the liquid cash at the end of last year was 1880 billion yuan, but instead of decreasing, it became 4573 billion yuan. The more money is spent, the more I am afraid it will not be spent in this life. But what should I do, what does Mr. Fang think? Is it annoying?"

Fang Hong turned his head and glanced at the beautiful assistant: "You have finished talking, what else should I say?"

Tian Jiayi said with a smile on his face: "Talk what you say, so you have nothing to say."

Fang Hong immediately said: "You can only stop your mouth by letting you eat geese."

After a while, the beautiful assistant stopped talking, and Fang Hong put the financial report aside, thinking that there is so much liquidity in reserve, it will have to be spent, and the beautiful assistant is so hardworking and capable, it is not too much to reward her with a few hundred million yuan , no problem at all.

……

The next day, Thursday March 3rd.

Qunxing Capital's 2010 annual report performance was sent to Qin Gangyi. At this moment, he looked at the financial report data with a face full of shock: "The revenue in 2010 was 5157.1 billion, the net assets were 1.81 trillion, and the overseas US dollar assets were 2430 billion..."

Unbelievable!

Incredible!

Qin Gangyi looked at this material and couldn't calm down for a long time. The five major institutions strategically invested in Qunxing Capital at a price of about 1050 billion. With Qunxing Capital's current net assets of 1.81, the value of 35% of the equity in the hands of the five major institutions reached 6347. [-] million yuan, the net worth has increased five times in place.

The point is that Qunxing Capital holds US$2430 billion in overseas assets, which is equivalent to 8.5% of the country's foreign exchange reserves. If the money is returned to the country, it is not rigorous to say that last year's national GDP would be 1.6 trillion yuan more.

Last year, the country’s export volume was US$1.6 trillion, and the US dollar assets held by Qunxing Capital accounted for 15.18% of the country’s export volume last year.

Qin Gangyi was so shocked by this terrifying ability to make money that he couldn't even keep up with the smoke from the money printing machine.

Wouldn't it be possible to count money lying down in the future?

For the five major institutions, the most important thing is asset appreciation, which means credit enhancement. The more net assets, the more money can be derived. To put it bluntly, it means that more loans can be obtained from banking institutions. , you can lend more money with enough collateral.

Therefore, if you hold the equity of Qunxing Capital, the larger the company’s assets, the more money the five major institutions will be able to lend if they hold the equity. Now, the little money that is directly distributed as dividends is secondary.

……

(Ps: There are still updates today, can you ask for a ticket~~)
(End of this chapter)