From November 21 to April 23, the 18-month industry war, hundreds of companies were implicated, involving total assets of more than 1 trillion yuan, the entire industry lost hundreds of billions of yuan during this period, and the asset replacement transaction volume exceeded 600 billion yuan, becoming the most adjusted industry in China over the years. As many as dozens of companies have made transactions to varying degrees, many companies have been forced to spit out the companies they have already eaten, and many companies have been acquired as a whole and withdrawn from the new materials market, and various companies are constantly in dispute. According to later statistics, after the acquisition of another 210 yuan Erdao company, the new element company continued to lead the industry with 201 billion yuan; Fengcheng Company also acquired 18 billion yuan of companies that have been eaten by others, and still sits in the second place in the industry; Xinpeng Company tried its best to earn a contract of 14 billion yuan, but it fell to the fourth place in the industry; Longjia's ranking continued to climb upward, and after acquiring another company of 6 billion yuan, it sat on the fifth place in the industry, rising one place. The fastest rise is naturally the fairy company, after she acquired Huayuan Company, and then successively acquired Huake Company and Junda Company, and then acquired the industry's fourth-ranked Shenwei Company spit out a value of 24 billion yuan Kaifeng Company, and in one fell swoop acquired the industry's seventh-ranked Huahe Company, and the company also took the company in June 22 to annex a value of 20 billion yuan of Xinyuan Company, with a total acquisition amount of up to 87 billion yuan. After this series of acquisitions, after 26 months of entering the new materials industry, after paying 187 billion yuan of acquisition funds, it became the third largest company in the industry with a market value of 184 billion yuan.

She not only acquired three medium-sized new material companies worth 84 billion yuan, but also acquired the original seventh-ranked company in the industry at a price of 3 billion yuan beyond the market price. It's a big deal, a big company being bought as a whole is big news in this competition; In fact, the original acquisition target of the fairy company was Shenwei company, but Shenwei company was unwilling to change hands, and finally had to reluctantly acquire Kaifeng company, but even so, it also made the industry further realize the huge financial resources of the fairy company. But what makes everyone wonder is that the fairy who has just experienced the electronic war and has not yet recovered has so many funds, does she have other funding channels? But from the fairy's financial announcement, everyone knows that these funds are not transferred from the electronics company, and the bank loan is only 50 billion yuan, so some unwilling people grasp the fairy's financial problems, and with the cooperation of many well-intentioned people, they launched a siege on the fairy. The focus of everyone's controversy is the finance of the fairy company, "self-evident", the fairy company has the suspicion of "tax evasion" and even "illegal misappropriation of funds", this matter was immediately accidentally stabbed to the tax department, some companies righteously said that they are law-abiding, "in order to maintain the authority of the tax law", requiring the fairy company to further disclose its finances, and accept the inspection of the national financial department. The fairy company is rich, and after several large-scale investments, it has naturally aroused the eyes of many people, since someone has come out, so many companies and people in the community have echoed, for a while, the fairy company has become the target of the public.

It's no wonder that everyone is puzzled by the fairy company, since she began to invest, although the income is quite high, but the electronics industry has fought several times, invested more than 300 billion yuan, it can be said that all the savings have been spent, although after the injection of investors, but can not solve the problem. In July 19, when she separated the electronics company, the headquarters only left 36 billion yuan, and the debt owed was as high as 87 billion yuan, but her annual income was only 30 billion yuan, and even if she took out a loan, it was difficult to come up with so much money, so there must be a problem in this. In fact, there are indeed some problems, in the past two years, the company's available funds have not been at all, but the income is more than 70 billion yuan, and Huayuan Company has spent billions of yuan in the competition, plus the bank's contract loans, at most only 100 billion yuan, the problem is that they borrowed 80 billion yuan from Xixing Company for 3 yuan a year, which suddenly made her available funds reach nearly 200 billion yuan, which no one would have thought. In June 22, the uninjected part of the acquisition amounted to 30 billion yuan, and half of the 113 billion yuan newly acquired has been paid, and the remaining 54 billion yuan will be paid a year later, which makes the fairy company only pay 100 billion yuan in the acquisition of nearly 3 years, and its book funds are still 35 billion yuan, and the bank's contract loan is not used at all. This has to make people wonder about the fairy, and the key to this problem is the loan of the West Star Company, which is a loan, not a loan. It's a wonderful thing and a place that causes controversy!

In the face of the increasingly loud voices in the society, the tax department had no choice but to take the "conform to public opinion" and conduct a strict review of the financial statements of the fairy company over the years, from the date of the establishment of the fairy company to the financial current bills of the last acquisition of the fairy investment in new materials. The fairy company was very reluctant to be audited by the tax department, to be honest, they felt very aggrieved, but people were under the roof, they had to bow their heads, and finally had to welcome the arrival of the tax officer. In May 23, the fairy carried out a large acquisition activity, the joy on people's faces has not faded, and it ushered in the first major audit of the tax department since the establishment of the company, and the company is "courteous" to the tax personnel, however, there do not seem to be many people who are welcome, because a considerable number of people do not go to work. Since the fairy company is an investment company, neither produces nor trades with anyone, how much money is handed over below, it is how much, neither tax nor tax evasion, the accounts are actually very simple, how much wages are paid to employees, how much is invested in science and technology; Which company pays how much profit every year, every account is remembered clearly, and it is easy to check, and the numbers on the books add up! In fact, checking the fairy's account is just an excuse, and it can only be an excuse, if you really want to check the fairy's financial problems, there are many places that need to be checked, and the joint venture companies are checked one by one, so it will not take years and months, such as checking the accounts of Jinshui Company, that is not to exhaust more than a dozen lovely tax workers! In fact, it didn't bother them much, the problem was quickly found out, there was an extra 80 billion yuan on the fairy account, and the staff came to the spirit all of a sudden, thinking that they had finally caught a big fish and could have a good meal. 80 billion yuan, is it really unknown? Of course not, the Minister of Finance presented three loan contracts, some in February 21 and one in September 21, both loans were 20 billion yuan, and a loan of 40 billion yuan in June 22, these figures are clear, this is nothing, companies can also borrow money from each other, as long as there is a dispute that is not afraid of being difficult to solve, no one can control these. But the problem is that these loan contracts that they found were as simple as if they didn't have any, and if they did, the recipient had to pay a certain amount of taxes, and if they borrowed, they had to pay back at the right time, but this loan was different, it could be used forever if it was not over the term, and it had a much better reputation than borrowing money. But what kind of loan is this, there is no repayment period, no interest, this is simply a direct transfer between companies, this is simply a disguised tax evasion, this is simply a loophole in the tax law!

Yes, this is indeed exploiting the loopholes of the tax law, people with a little common sense will know that there is something abnormal in it, and people with a little knowledge of tax law will find that this is "tax evasion". But this is indeed a loan, a genuine loan, fully in line with the "rules" of the loan, and no one can find fault with it! The people who came to inspect the tax authorities were really helpless, watching tens of billions of dollars of funds being transferred from one account to another, and watching tens of billions of yuan of "state taxes" just lost. In fact, someone is more distressed than them, 800 billion, if all of them are in their own pockets, it would be great; Then take it out of his pocket and put it on the fairy's account, it should be so spirited, but since then, nearly half or at least a third of the money is gone, evaporated, he won't do this thing! The tax department found the problem, but it couldn't solve the problem, and in the end they had to watch someone take money out of one pocket and put it in another pocket without seeing the wind! Actually, Li Mengze is also quite contradictory, after all, this approach is a bit lacking in righteousness and brightness, if the fairy buys Xixing, then it's okay, but it doesn't seem to be good to do that, it's not as good as the current pattern, anyway, everyone has agreed on the relationship between the two companies, and I feel that this relationship is "very good"!

The results of the investigation of the tax department came out immediately, "there is no evidence", this result, many people are frustrated, how can there be no problem? How did tens of billions of dollars come out, and how could fairies not have financial problems? People gradually feel the fear of the fairy company, this is terrible, 8 years, up to 480 billion yuan of continuous investment, almost 60 billion yuan of high investment per year, this is amazing, with this strength, who can compete! Now that the fairy company doesn't have a few pennies of bank debt, how can it not be surprising, and after a few years, isn't the fairy even more terrifying? Can the fairy still deal with it? People can't help but ask themselves.

In the course of the investigation of the tax department, the fairy company began to absorb and digest the results of the acquisition in the past two years, up to 184 billion yuan of huge investment, which has to be transformed into actual results, 26 months, a total of 6 new material companies, distributed in the three major economic zones, really made the fairy company busy for a while. After a period of investigation, Cao Kecheng, general manager of Huahe company, was appointed as the general manager of the new material company, and transferred some personnel from the company, and from the head office, the electronics company transferred a part of the personnel to form the backbone of the new material company, the new company is called Fairy New Material Company, and the headquarters is also located in Beijing City. Fairy New Material Corporation has 6 branches and an independent research institute, with total assets of 190 billion yuan, and in order to support the development of the new material company, the headquarters has allocated 20 billion yuan as normal daily expenses. Fairy New Materials has nearly 20,000 employees, and in June 23, after borrowing 20 billion yuan from the bank, Fairy finally built a wholly-owned subsidiary, giving him 210 billion yuan to let it develop. After two years of war, the fairy company was scarred again, saddled with a bank loan of 20 billion yuan, which made the company's debt as much as 74 billion yuan. The fairy pawned herself again for the sake of her subordinate company, however, this time she took off even more, and left 6 billion yuan last time, especially without bank loans, and this time not only used 20 billion yuan of bank loans, but also only 5 billion yuan from the headquarters, they really "made money"!

The fairy company is not very poor, she is just reluctant to reach out and ask for money, at this time the electronics company is already "very" rich, after four years of development, under the command of Gigi Lin, all branches have carried out technological transformation, the average annual profit of more than 20 billion yuan, "this is just the beginning"! Now, Fairy Electronics has accumulated more than 90 billion yuan of pure funds, in addition to the company's normal operating expenses, there are tens of billions of yuan can be called at any time, such a situation is very rare in the electronics industry. Its company's assets have risen rapidly from 205 billion yuan at the beginning of its establishment to nearly 580 billion yuan today, an increase of almost 180%, especially her military electronics company, whose assets have risen to more than 50 billion yuan. Gigi Lin wanted to support the headquarters several times, but until August 23, Li Mengze did not take a penny of profits from the electronics company!

After two large-scale investments, Fairy Company has established a tough image in the industry and has become an unbeatable giant investment company. With an average annual investment of up to 70 billion yuan, which is incomparable to any investment company, her tentacles have extended to real estate, electronics, new materials, energy, basic parts and other industries, and have become a pivotal force in many industries. Like a snowball, the fairy is getting bigger and bigger, gradually forming a huge consortium that is incomparable!