In the afternoon, stay in the villa quietly.
Tian Jiayi came back from get off work and brought back the 2010 annual report materials of Qunxing Capital. Now she brought the materials to the study room on the second floor, where Fang Hong was.
"The company's annual report is out."
As the beautiful assistant spoke, she put the materials on the desk in front of Fang Hong, who immediately opened it. Tian Jiayi immediately said: "The company's annual revenue in 2010 was 515.713 billion yuan, a year-on-year increase of +85.15%, net The profit was 189.322 billion yuan, a year-on-year increase of +42.39%. We are trying to reduce the profit scale as much as possible, but we are making too much and growing too fast, so we can’t arrange it. The net profit rate of 36.71% has already been pushed to the limit, and we can’t push it any lower. Living……"
If it is not suppressed, the net profit rate may soar to more than 65%. Qunxing Capital is already a super "prodigal". The Jiuzhou Blue Arrow project, including the secretly promoted Natural Science Fund, etc., are not easily worth tens of billions.
But even with such "extreme squandering", the annual report income statement is still so eye-catching.
Although the squandering is big, the gain is even greater.
Fang Hong browsed the details of the financial report and said with a smile: "It's not all bad. The base number is larger this year, and it will be easier to release the report next year. There is nothing wrong with it."
Tian Jiayi suddenly asked, "But what if I might earn more next year?"
Fang Hong: "emmm..."
As for losing money? To be honest, the current beautiful assistant doesn't really believe that unless the global capital market closes down, there will be no way to stop this guy's harvest.
After 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 an unlisted company, it has to pay taxes after all, so it can't hide much. Once the taxes are paid, it can be seen at a glance. All leopards.
This is indeed a problem.
You can let the outside world know that Qunxing Capital is rich, but you cannot let the outside world know how rich Qunxing Capital is.
Fang Hong thought for a while and then looked at the beautiful assistant and ordered: "Get a copy of the annual report and send it to Qin Gangyi tomorrow. By the way, I proposed to the superiors that since the absolute majority of the income comes from overseas markets, in order to avoid attracting Western attention , and to be able to better harvest more profits overseas in the future, Stars Capital should adopt a strategy of concealment and a policy of making money in a low-key manner, so we are asking for instructions to hide part of the financial information technically and wait for an opportunity to announce it in the future."
To put it bluntly, if Qunxing Capital publishes two statements in the future, is it fraudulent? 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 statement given to the outside world.
Anyway, Stars Capital is not a listed company.
Tian Jiayi couldn't help but frowned and said: "Will the higher-ups approve it? After all, it means missing a large amount of real taxes and fees, which can easily reach tens of billions or even reach hundreds of billions in the future."
Fang Hong said calmly: "Who said we have to pay less? Taxes, Qunxing must pay in full, not a penny less. The hidden part will not be reflected in the new city local tax. It can be paid directly into the national tax." Well? The ratio is still the same. In reality, every point is less and every point is exactly the same. If it is declassified in the future, then it will be returned to supply the new city according to the actual situation. Wouldn’t it be over?"
Not all taxes paid by enterprises go to local taxes, and part of the national taxes also have to be taken away.
As for what Fang Hong meant, Tian Jiayi immediately understood when he said this. The taxes paid by Qunxing Capital every year will not be less, but the actual amount of local taxes received is less.
Assume that Qunxing Capital actually paid RMB 50 billion in taxes this year, but the report is based on the "external" one, which shows a tax of RMB 10 billion. If the local tax takes 40%, that is, RMB 4 billion will be returned to Xincheng, and the remaining The 6 billion national tax was taken away.
Then there are still 40 billion yuan. This part of the national tax is taken away directly, which is equivalent to 16 billion yuan less taken by the local tax. Under normal circumstances, 20 billion should go to the local tax, but the actual amount that goes to the local tax is 4 billion.
Tian Jiayi couldn't help but said thoughtfully: "In this case, the probability of approval from the superiors will be greatly increased. As for refunds and subsidies in the future, I guess Xincheng will not ask for it."
Fang Hong smiled. In the future, the subsidy will definitely be refunded, but if the subsidy is refunded, Xincheng will definitely not want it.
Really, with such ideological awareness, do you still want to make progress?
After a while, Tian Jiayi continued to report what he had not yet finished: "In 2010, the company's closing net assets were 1,813.616 billion yuan, a year-on-year increase of +187.03%; the total assets were 2,078.807 billion yuan, a year-on-year increase of +145.29%; the debt scale was 265.191 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 liquidity cash reserve was 457.336 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 worth of US$243 billion, 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 performance.
Tian Jiayi suddenly looked at Fang Hong with a smile: "Excuse me, Mr. Fang, the liquid cash at the end of last year was 188 billion, but it did not decrease but became 457.3 billion. The more money is spent, I'm afraid I won't be able to spend it all in this life. This But what should I do? What do you think, Mr. Fang? Is it annoying?"
Fang Hong turned his head and glanced at the beautiful assistant: "You have finished speaking, what else can I say?"
Tian Jiayi said with a smile: "What you say will leave you speechless."
Fang Hong suddenly said: "The only way I can stop your mouth is to let you eat the goose."
After a while, the beautiful assistant stopped talking. Fang Hong put aside the financial report. He thought that with so much liquid reserve, it would have to be spent. The beautiful assistant was so hard-working and capable, so it would not be too much to reward her with hundreds of millions. , no problem at all.
…
The next day, Thursday March 3rd.
The 2010 annual report of Qunxing Capital was delivered to Qin Gangyi. At this moment, he looked at the financial report data with a shocked face: "In 2010, the revenue was 515.71 billion, the net assets were 1.81 trillion, and the overseas US dollar assets were 243 billion..."
Incredible!
Simply incredible!
Qin Gangyi couldn't calm down after looking at this material for a long time. The five major institutions' strategic investment in Qunxing Capital was probably priced at about 105 billion. With Qunxing Capital's current net assets of 18,100, the value of 35% of the equity held by the five major institutions reached 6347 100 million yuan, the net worth has increased five times directly from the same spot.
The point is that Qunxing Capital holds US$243 billion in overseas assets, equivalent to 8.5% of the country’s foreign exchange reserves. If this money were to flow back into the country, it would be loosely said 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 catch 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. More net assets means more currency can be derived, which means more loans can be obtained from banking institutions. , you can lend more money if you have enough collateral.
Therefore, if you hold the equity of Qunxing Capital, the larger the company's asset scale, the five major institutions will be able to lend more money if they hold its equity. Whether the loaned money is used for infrastructure construction or whatever, the money will come. , the money directly distributed as dividends is secondary.
…
(Ps: There will be an update today, can you please vote~~)
(End of chapter)
