A freshly released semi-annual financial report and operating statement were placed in front of Shen Beipeng and Xu Xiaoming.

"Yimin Wealth has a turnover of 1.6 billion and 1.48 billion to be collected.

The turnover of Yimin Wealth Management was 6.2 billion, and the pending revenue was 1.65 billion.

Yimin Financial Services has a total revenue of 270 million yuan, user interest expenses of 130 million yuan, sales and advertising expenses of 95 million yuan, salary expenses of 40 million yuan, and net profit of 5 million yuan. ”

The two looked at each other and knew that Yimin was developing rapidly, but when they saw the specific business data, they were still a little incredulous.

There should be nothing wrong with this data, and it is also stamped with the stamp of the accounting firm. However, the next step will be routine and the company's financial department will be arranged to conduct a review again.

Therefore, it is easy to know whether the data is true or false. However, with their understanding of Zhang Yida, they will not do anything about this little thing.

Shen Beipeng took off his glasses, wiped them, and said:

"7.8 billion turnover, 3.13 billion to be collected. The speed at which you're growing is a bit beyond my expectations. ”

"Then Mr. Shen thinks it's fast or slow?" Zhang Yida also asked in passing.

"Come on! I thought you'd finish the bet in the second half of the year. Looks like I'm blind. Shen Beipeng said with emotion.

"Yida, we will arrange for the finance team to come over and walk through the process later. After the process was completed, the other $25 million was immediately arranged. ”

Xu Xiaoming was a little excited, Zhang Yida had brought him a miracle again, and Yimin also has unlimited potential at present!

Zhang Yida nodded in agreement, and it is understandable for the venture capital to check the authenticity of the data again. And this data is also solid and can stand up to inspection.

"$25 million, plus the $25 million bet, that's $50 million. We got a total of 10% of the shares. ”

Shen Beipeng muttered to himself, and then looked at Zhang Yida and said:

"I think Yimin's valuation is at least $1 billion now!"

"Yes, yes, yes, the B round of financing is at least 1 billion valuation. Zhang Yida also smiled and pandered, he understood what Shen Beipeng meant, they suffered a little in the A round, and they had to find a B round investor to speculate on the equity value in their hands.

"When will the B round be launched?" Xu Xiaoming also interjected.

"At the end of the year, let's use the $25 million in my hand almost as soon as I talk about it!" Zhang Yida already had a specific plan in mind, and he would start the B round of financing when the business layout was wider and the revenue was larger.

"What are you going to do, tell me about it. Shen Beipeng wanted to hear Zhang Yida's next development plan for Yimin.

Zhang Yida didn't hide it, and said it all like pouring beans into the bamboo tube:

"Three directions, the capital side to be collected, the asset side of the loan scale, revenue and profit.

Let's talk about the capital side first, at present, there are three brands of beneficial wealth, beneficial wealth management, and Ruimin wealth management.

Yimin Wealth will next acquire fund sales and insurance brokerage licenses, focusing on serving high-net-worth customers.

Create a full range of comprehensive financial services such as wealth management, overseas asset allocation, high-end insurance, and high-end education.

Yimin Wealth Management continued to deepen the P2P credit field and expanded the scale of transactions and pending collections.

Ruimin Wealth Management will serve as a supplementary channel on the capital side and form a dual-brand operation pattern with Yimin Wealth Management. When the right opportunity arises, it will be spun off and operated separately. ”

After a pause, he observed the reactions of Shen and Xu, and seeing that they nodded in agreement, Zhang Yida continued:

"Let's move on to the asset side.

As an offline asset side, Yimin Puhui has completed the store coverage of five provinces in North China and Sichuan Province. There are a total of 8 stores in Beijing, Tianjin, Shijiazhuang, Baoding, HHHT, Taiyuan, Rongcheng, 7 cities.

In the second half of the year, it will continue to expand the coverage of stores in provincial capitals, strong second-tier and ordinary second-tier cities across the country.

By the end of '14, the annual goal of covering 49 major cities and building 50 stores will be completed.

As an online asset, Yimin Loan will continue to focus on consumer finance. Expand consumer loans, including education, tourism, housing decoration, home appliances, automobiles and other types of installment business.

When the risk control model and asset quality are stable, Yimin Loan can access the funds of other financial institutions, including banks, trusts, consumer finance, small loans, ABS claims and other financing channels.

While improving the stability of funds, it further reduces the cost of capital. ”

"How do I feel that you are going to split up several subsidiaries?" Shen Beipeng smelled something unusual, and suddenly interrupted.

"Yes, Mr. Shen is really powerful, and he saw through my true intentions at once. Zhang Yida said with a thumbs up.

Looking at the curious eyes of the two, Zhang Yida said again:

"The preliminary plan is to split the business of Yimin Financial Services Group into 4 sectors.

Wealth Management Sector: Yimin Wealth.

P2P business sector: Yimin Wealth Management / Ruimin Wealth Management + Yimin Inclusive.

Consumer Finance Platform Sector: Yimin Loan.

P2P Public Welfare Sector: Loans for Rural Areas, Rural Areas and Rural Areas. ”

Shen Beipeng was a little puzzled and asked:

"P2P is also divided into two sectors: business and philanthropy?"

Xu Xiaoming thought about it for a moment and asked:

"One for the purpose of making money, and the other for the purpose of public welfare?"

Zhang Yida sighed and said:

"The current P2P asset side is too focused on personal consumption, housing loans, car loans, and other money-making assets.

No one pays attention to the three rural areas and rural finance. Because you can't make much money, it's also very troublesome to operate.

The Grameen Bank model has developed very well in Bangladesh, and has made great achievements in poverty alleviation and rural construction. ”

Shen Beipeng couldn't help shaking his head, and said with a serious expression:

"It's not easy to do the three rural finances! Capital is profit-seeking. If you want to do rural public welfare finance, it can be said that there are many difficulties.

First of all, because it is a public welfare nature, the loan interest rate should not be too high. This determines that the cost of capital must be low enough.

With a low cost of capital, how to attract a steady stream of funds to invest in this industry or project?

If you can't make money, what can the company do to attract a steady stream of talents to join?

Zhang Yida understands all these truths, and later generations also know that the Grameen banking model can be said to have developed unsatisfactory in China.

"If you are poor, you will be good to yourself, and if you are good, you will help the world. "He can't be so noble. However, it is still possible to make some feedback to the society while earning commercial benefits.

"It can't be said that it's all about public welfare finance, this project will balance commerciality and public welfare.

To ensure the normal operation of the platform, this is the first requirement of business, and profits are not forced, as long as the revenue is balanced, the project can continue for a long time.

Public welfare is not an absolutely pure public welfare, and loans will still charge interest. It's just that we will try our best to control the interest within 20%, and it will be gradually reduced according to the operation of the platform in the future.

I think that giving small loans to poor areas will make people lose confidence or make people lazy, and let poor farmers have the capital to operate.

Only when the poor have credit, goals and motivation can they truly alleviate poverty, and credit is their capital. ”

Zhang Yida said all the words he was holding in his heart in one breath.

"Professor Yunus's system has indeed developed quite well in Bangladesh, specifically lending to the poor, supporting rural entrepreneurship, and improving the appearance of backward and poor rural areas.

Yida, I support you, I am also very interested in this project, if you lack funds, I can invest some of it for you. ”

Xu Xiaoming encouraged that he was more emotional when he studied art, unlike Shen Beipeng, an investment banker who studied mathematics, and first considered problems from a business perspective.

"Grameen has been really successful in Bangladesh. But after all, our national conditions and policies are different, do you know what is the most difficult thing to land?"

Shen Beipeng couldn't stand it anymore, and was about to pour cold water on the two of them, and continued:

"The principles of modern economics pay attention to how to maximize the profits of enterprises and maximize the return on investment of shareholders.

In a market economy, if an enterprise does not have such the most basic goal, then the enterprise is either inefficient or eliminated in the fierce market competition.

In order to make the three rural finance really take root in the countryside, we must first consider profits, and then talk about poverty alleviation and public welfare. ”

Shen Beipeng's words are actually a theme:

Let the institution survive in the market first, and then talk about development. If you come up, you should first consider public welfare and poverty alleviation, and if you don't have a steady stream of donation funds coming in, you will play yourself to death first.

"Yes, the hardest part is model sustainability. Some of Grameen's previous projects in China have failed, mainly because of the unsustainability of the model. ”

Zhang Yida nodded, Shen Beipeng looked at the problem very rationally, and he also hit the nail on the head.

"You should think about it first! Come up with a specific plan, as long as it can ensure the sustainable development of the business interests and model, I can also invest in it. ”

Shen Beipeng made things very clear, in the final analysis, this kind of project is not as good as a commercial project that purely pursues maximum profits, and will not let the black shirt invest, at most in the name of an individual.

"Well, this is just a prototype of my idea, and there are still a lot of deficiencies that need to be improved. When the formal plan is formed, it will be used to show the two teachers. ”

Zhang Yida looked at Shen and Xu and said.

Then the three of them discussed the issue of listing on the NASDAQ.

Xu Xiaoming looked at Zhang Yida with a happy face and asked:

"Yimin is ready to split P2P and log on to NASDAQ next year?"

"Yes, Yimin Wealth Management and Yimin Inclusive are packaged and listed together.

Next year, I expect that Yimin Wealth Management may develop to tens of billions of dollars to be collected, and Yimin Puhui can also complete the laying of hundreds of stores.

The development of the enterprise will usher in an explosive climax, take this opportunity. We won the title of the first overseas mutual fund listing.

No matter how many mutual finance companies are listed in the future, it is the first one that is memorable. ”

Zhang Yida said with a smile, pinched his chin, and added:

"Yimin Wealth will be listed in 16 years, and Yimin Loan will be listed in 17 years. I plan to list one company every year in the next three years to completely establish the hegemony of Yimin Financial Services Group in Internet finance!"

"Why do you want to spin off and go public? Isn't it better to go public together? The market value is larger, and the resources are more concentrated. Xu Xiaoming asked a little puzzled.

Although P2P is not regulated at the moment, we have to plan for the future. ”

Zhang Yida frowned, and his thoughts suddenly drifted away. Considering the regulatory environment in the next few years, it is necessary to go public and lay out as soon as possible.