Galactic Tech Empire

Chapter 29
7 month 31 day.

With the fall of the big bull, the electric vehicle industry has been completely controlled by the Raytheon Department.

At the beginning of 2016, there were more than 400 active electric vehicle companies across the country.

In July, however, that number plummeted to three thousand feet.

According to the statistics of professional websites, there are currently less than [-] electric vehicle companies that are still active in China, and the number will further shrink.

It is estimated that in the end there will only be Yadi series (Yardi, Xinlei, Xingri, Green Energy), horse lovers (Aima, Lima, Bidwin, Xiaodao), Tailing series (Tailing, Xingdazhou, Kaiqi) , Jisong), and Thor who is a forest of trees.

Of course, there are still some electric vehicles that may be half-dead, such as the Yangcheng Wuyang electric vehicle, etc. It is difficult for these companies to go bankrupt once the parent company exists.

The Raytheon series sold 2016 million electric vehicles from January to July 1 alone.

From January to July in 2016, a total of 1 million electric vehicles were sold nationwide.

Subtract more than 60 vehicles from Daniel.

That is to say, from January to July this year, apart from Raytheon and Daniel, other electric vehicle companies across the country sold more than 1 electric vehicles.

Three to four hundred companies sell more than 50 electric vehicles. On average, one family sells more than 1400 vehicles. This sales volume is not enough for labor costs and depreciation of production lines.

Of course, it is not ruled out that some companies may not even sell one car, and some may sell tens of thousands of cars.

But even if tens of thousands of vehicles are sold, apart from taking the high-end route, this sales volume will undoubtedly be low.

Unless there is a big financial backer or parent company to rely on, the depreciation of the production line plus labor costs and other miscellaneous things can drag down a company.

In other words, starting from July, the era belonging to the Thor system has come.

Among the 1052 million electric vehicles sold by the Raytheon series, those that did not use Raytheon batteries will be excluded, and 876 million vehicles will use Raytheon batteries.

Among them, the Yadi series sold the most, reaching 416 million units, contributing a profit of 11.456 billion Chinese yuan to Raytheon Battery Company.

In addition, because Galaxy Technology Center holds 30.00% of Yadi's shares, it also brought 12.3 billion yuan in revenue to Galaxy Technology Center.

The sales volume of the love horse series ranked No.2, with sales volume reaching 203 million units, contributing a profit of 5.348 million yuan to Raytheon Battery Company.

As for Aima's shareholding by Orion Financial Investment Company, it will not be counted in Huang Haojie's apparent assets.

The sales volume of the Tailing series ranked No.3, with a sales volume of 137 million units, contributing 8.661 million yuan in profit to Raytheon Battery Company.

Why is the sales volume of the Tailing series so much lower than that of the Aima series, but the profit brought to Raytheon Battery Company is more than 3 million more than that of Aima?
This is mainly because Raytheon Battery Company gives them different wholesale prices of batteries. The Yadi series and Aima series are 50 Huayuan per kilogram, while the Tailing series are 80 Huayuan per kilogram.

It is equivalent to selling to Yadi and Aima, and Raytheon Battery Company earns 23 Chinese yuan per kilogram.Selling to the Tailing system, Raytheon Battery Company earns 53 Chinese yuan per kilogram.

In order to facilitate financial management, Raytheon Electric Vehicle Company still needs to give Raytheon Battery Company 23 Chinese yuan per kilogram for using Raytheon batteries.

After all, it is very necessary for brothers to settle accounts clearly to avoid financial management chaos in the future.

As of July 7, Raytheon electric vehicles had sold a total of 31 million units, contributing a profit of 124 million yuan to Raytheon Battery Company.

So the biggest winner is definitely Raytheon Battery Company, which earned a total of 28.592 billion yuan in profits from the electric vehicle industry.

Including Huawei’s purchase of 2100 tons of battery cells, the profit of one ton of battery cells was 12.6 Wah, and a total profit of 2.646 million Wah was obtained.

As of July 7, the total profit of Raytheon Battery Company was 31 billion Chinese yuan; the total profit of Raytheon Electric Vehicle Company was 31.238 billion Chinese yuan.

Therefore, the profit obtained by the Galaxy Technology Center is: Raytheon Battery Company's 27 billion Chinese yuan, Raytheon Electric Vehicle Company's 11 billion Chinese yuan, and Yadi's 12.3 billion Chinese yuan, a total of 50.3 billion Chinese yuan.

Of course, the income is huge, and the expenditure is also not too much.

Raytheon Battery Company spent 4.7 million Chinese yuan, mainly for the construction of production lines, labor costs, and plant renovation and decoration costs.

Raytheon Electric Vehicle Company spent 2.6 million Chinese yuan, which is also the production line, labor costs, and plant renovation and decoration costs.

The surging motor company spent 2.8 million Chinese yuan, mainly for scientific research funds, plant construction and decoration costs, production line construction, and related equipment procurement costs.

Another big head is the newly established Raytheon Comprehensive Service Company, which is mainly responsible for Raytheon electric vehicle direct sales stores and charging stations.

They spent 8.4 million Chinese yuan on the construction of charging stations alone, plus other miscellaneous expenses, a total of 9.7 million Chinese yuan was spent.

Finally, the corporate income tax is 8.25 million Chinese yuan.

That is to say, as of July 7, the companies in the Milky Way have spent a total of 31 billion Chinese yuan.

Among the remaining profits, Huang Haojie didn't let them all turn over to the account of the Galaxy Technology Center, only 3 million yuan of profit was turned over to the account of the Galaxy Technology Center.

Because of the 3 million Chinese yuan, 35% of the personal income tax must be deducted, which is 1.05 million Chinese yuan of personal income tax.

The remaining 1.95 million Chinese yuan is Huang Haojie's personal income, which can be used.

The tax department of Shanmei City is the real big winner. Among the Galaxy companies alone, they have received nearly 10 billion Chinese yuan in taxes, as well as other indirect taxes.

They expect to receive around 20 billion in taxes from galactic businesses this year.

Last year, their tax revenue was only about 60 billion yuan, and the regional gross national product (GDP) was about 840 billion yuan.

Among the cities in Lingnan Province, it is the last, not to mention comparing with Pengcheng and Yangcheng, the two first-tier cities, even compared with Huicheng City next door, it is a sky and a ground.

But this year they can breathe a sigh of relief, because Galaxy companies will not only bring about 20 billion yuan in tax revenue to the Shanmei region, but will also bring more than 180 billion to 200 billion yuan in GDP growth.

It is estimated that in 2016, Galaxy enterprises will contribute about 25% of Shanmei City's tax revenue and about 20% of GDP.

Looking at the rising taxation and GDP, the officials in charge of Shanmei have already made repeated orders to keep the Galaxy companies, and whoever dares to mess around in various bureaus definitely doesn't want to mess around.

Especially after Raytheon Battery Company obtained military qualifications, those local officials became more cautious.

Not only did they get a lot of preferential policies for Galaxy companies, but they also took the initiative to ask for their health.

If you want land to give, and people to give, if Huang Haojie didn't want to borrow money from the bank, it is estimated that it would not be a problem to get a loan of more than one billion Chinese yuan from the bank.

In fact, the bank was eager for Huang Haojie to lend them a loan, but unfortunately they encountered the abundant capital of the Milky Way and could only stare blankly.

Similarly, Galaxy companies have a large number of employees in the Shanmei area. Raytheon Electric Vehicle Company has more than 400 employees.

Raytheon Battery Company has more than 1000 to [-] employees.

The employees of Raytheon Comprehensive Service Company are mainly direct-sale stores and charging stations scattered in various places. Currently, it has more than 100 employees.

Not long after it was established, there were only more than 50 people in the surging motor company.

Galaxy Technology Center, more than 180 people.

Galaxy Enterprise currently has a total of more than 5000 employees.

A hegemon has quietly risen in Lingnan Shanmei, and hegemony in the electric vehicle industry is just Huang Haojie's first step.

History tells us that walking on one leg cannot go far. Only diversified operations can resist risks, and a single business often means that the ability to resist risks is poor.

(End of this chapter)