In the proportion of external assets, whether it is the electrical business or the aluminum industry, it is not the focus of Zhao Tian's too much concern.

After all, with the business direction and development momentum of the Universe Group, whether it is the electrical business or the aluminum raw material products, they are all just auxiliary businesses.

But Huaxin is different.

As one of the more important engine businesses in the four major parts of traditional fuel vehicles, it can be said to be one of the core businesses of Cosmos Group.

It is important to know that since the automobile business is the most important core business, the engine business, which is closely related to it, will naturally highlight its position accordingly.

In addition, now, the shareholding ratio of the three major car companies in Huaxin Company is as high as 60%, which makes the Universe Group passive.

Although in the terms of the contract signed at the beginning, the universe party signed with the other three parties, and the universe party is in charge of the management rights and other decision-making rights of Huaxin Company.

But in some aspects, the momentum of development is somewhat unexpected for Zhao Tian.

That's the growth of assets.

Although in terms of Huaxin, even if the equity occupied by the universe is not as good as the sum of the other three car companies, the other three car companies cannot interfere with the decision-making power of Huaxin in all aspects.

However, with the growth of Huaxin Company, once Huaxin Company breaks through the sky and rises to become the core business form of Universe Group, and it is definitely more than other businesses, then the other three car companies as the largest equity party of Huaxin Company, what kind of impact will it bring, the result is unimaginable.

Thinking of the impact that Huaxin will bring in the future, Zhao Tian thought that in the new energy vehicle business, the current cooperation method seems to be very problematic.

Although the current new energy vehicle business has not started operation, it is only in the stage of research and development.

However, with the current agreed equity allocation method of June Fourth, I am afraid it is even more inappropriate.

This is because although Zhao Tian is not optimistic about the current new energy vehicle market, it does not mean that he is pessimistic about the future of new energy transportation.

On the contrary, in Zhao Tian's concept, the future of new energy vehicles, other means of transportation, will inevitably replace the current traditional fuel vehicles.

At that time, new energy vehicles will naturally be the main development goal of the existing car companies.

The current new energy vehicle business is also the main force of the Universe Group to achieve these in the future.

As in the case of Huaxin, if the new energy vehicle business becomes the core business of the Universe Group, then there will be external forces that have an impact on the group's decision-making power.

These are definitely not what Zhao Tian wants to see.

These ways of existence are absolute hidden dangers.

Seeing that Zhao Tian's face had changed for a long time, Zhuang Yilan couldn't help but interrupt: "Zhao Dong, should we continue?"

Zhao Tian secretly sighed and replied, "Go on." ”

Zhuang Yilan said: "As of now, the group's total turnover is 68 billion.

Among them, the electrical business contributed a total of 32 billion yuan in sales, the automobile sales business totaled 15 billion yuan, the single-quarter sales of Huaxin Company were 6 billion yuan, and the total sales of other businesses were 15 billion yuan. ”

After speaking, he paused and waited for Zhao Tian's digestion.

This time, Zhao Tian didn't pause for long, and quickly let Zhuang Yilan continue.

Zhuang Yilan said: "In the first three quarters of this year, the actual profit of the Universe Group was 27 billion, and the profit rate was close to 40%. ”

Without waiting for Zhao Tian to ask, Zhuang Yilan concluded: "Compared with the profitability of the same period last year, this year has fallen by nearly five percentage points. ”

Zhao Tian was more impressed by this, and in last year's year-end summary, the actual profit rate of the Universe Group was as high as more than 44 percent.

That is, the products of the Cosmos Group are almost half of the net profits.

Of course, this is not because the Universe Group is an enterprise that mainly produces profiteering products, but because of the nature of the products.

Last year, the group's main products were mainly driving safety system products.

As the existence of the Cosmos Group with a near-monopoly on the security system market, it is not surprising that it has such a high profit rate.

As for the reason for the decline, Zhuang Yilan explained: "Compared with the decline in last year's data, the main reason is that the group is currently selling more types of products, and the low profitability of very few products has lowered the overall data, which has caused the decline in the current data." ”

Zhao Tian nodded in understanding.

After all, compared with previous years, in the business that the group has started operating this year, Huaxin Company alone has greatly lowered the overall level.

Judging from the current situation of the engines supplied by Huaxin Company to the market, this situation of data decline is afraid that it will continue for a while.

In addition, in terms of automobile sales, since the current market cost is considered, it is necessary to pay attention to the price that consumers can accept in the market, so that the current car sales of the Universe Group are not as profitable as in the past, and it will also have an impact on the overall profitability.

Zhao Tian thought so, but Zhuang Yilan continued to explain: "Dong Zhao, for the decline in profitability, although the reasons given by the analysis team of our finance department are more objective, I think there are more important factors. ”

Zhao Tian raised his eyebrows, a little surprised, and asked, "Tell me your opinion." ”

Zhuang Yilan said: "From the perspective of the group's business scope, the increase in the variety of products sold by the group is one of the main factors affecting the profitability, which I also agree, but from the perspective of financial risk control, in fact, the most important factor affecting the profitability this year is because of the sudden situation of overseas orders in the electrical business." ”

Zhao Tian looked thoughtful.

He must have known that the sharp decline in overseas orders for the electrical business would have an impact on the entire group.

However, Zhuang Yilan specially brought out overseas orders this time, I am afraid that it will not be just used to explain the decline in profitability.

Then he asked, "Mr. Zhuang, what do you want to say?"

Zhuang Yilan's eyes lit up, and he was a little appreciative of Zhao Tianneng's ability to hear the meaning of her words, and said: "Actually, what I mean is very simple, that is, the group now lacks the ability to control risks. ”

This sentence made Zhao Tian feel very surprised.

If you want to say that the risk tolerance, the Universe Group has grown from scratch, from existence to large, and has experienced more than a little bit of risk along the way.

On the contrary, Zhao Tian is hard to remember, how many difficulties he has encountered and how many risks he has faced along the way.

But now, Zhuang Yilan told him in front of him that the group lacked the ability to control risks.

couldn't help but smile and asked, "I want to hear what Mr. Zhuang has to say!"

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