The estrangement will not disappear, but it can be weakened, and the atmosphere will gradually return to a little normal. Pen "Fun" Pavilion www.biquge.info

College students, in their early twenties, are in the age of enthusiasm!

Especially when two or two drinks are drunk, it really points to the country and scolds Fang Xuan.

As he spoke, he talked about the war in Afghanistan thousands of miles away, and it was really all kinds of rumors popping up in the streets and alleys, and outside the streets.

As soon as Lin Bin's wine glass was put down, he began to say, "Fighting a small country like Afghanistan, the United States does not dare to send ground troops in addition to flying around in the sky and bombing around." Meidi is a scum! If it were replaced by our million-million-strong Liberation Army, the Afghan people would be liberated from their misery in no time. ”

Regarding Lin Bin's naïve words, Zhou Ming could only roll his eyes, "Drink two taels and you are Wang Cheng......"

Lin Bin asked strangely, "Wang Cheng?" ”

Zhou Ming made a hand-held explosive bag, in the shape of Tota Li Heavenly King, "For victory, shoot like me!" ”

Looking at Zhou Ming's posture, Zhang Xin said speechlessly, "You are Dong Cunrui." ”

When I was in college, everyone was usually so aimless, nonsense, otherwise what else could we talk about? Belch...... There are also female classmates!

It's winter vacation, and it's only ten days before the Spring Festival.

Because he was in the United States before, Yang Fan only now has time to read the annual summary of Qihang.

In 01 year, Qihang made a profit of 3.4 billion ......

The majority of the profits are in the Qihang game, the Pentium electric bicycle factory, the Qihang network, and the Qihang mobile phone that exploded in the last two months, with a total profit of more than 2.5 billion.

Keyhole, KTV and other businesses that have cooperated with Wang Zhengdao have also created considerable profits.

And companies such as Qihang's expedition with the highest valuation, BD, TX and other companies are profitable, but the tens of millions of profits Qihang really don't take it to heart.

As for the second- and third-tier enterprises such as Ziyi Chinese and 17wan within Qihang, including Qihang Mall, they either lose money, or make hundreds of thousands to millions of profits, let alone in Qihang's heart.

Except for Qihang Mall, because the future prospects are relatively bright, other companies are actually on the margins, and as for the other companies in which Yang Fan personally has shares, they are no longer counted.

Su Bai seriously introduced the financial data of Qihang, "this year's Qihang has carried out a total of more than 5 billion fixed assets or financial investment, more than 3 billion technology investment, this year our Qihang debt scale has risen to 5 billion, considering next year's Qihang Building, Qihang mobile phone expansion, Pentium electric bicycle factory relocation and expansion, Qihang's liabilities are estimated to climb to more than 10 billion." ”

When Yang Fan heard this, he laughed, "It looks like our finances are still very healthy!" ”

Even if it will exceed 10 billion in debt next year, it will only sound scary...... This is already an extremely healthy state for Qihang's financial level.

You must know that Qihang Group now holds more than 10 billion in cash, more than 3 billion in profit a year, and 5 billion in debt, which is really too healthy to be healthy. Some of the tens of billions of cash held by Qihang are loans, and some are stable financial investments, but more are financing income this year.

Not to mention that the profits of Qihang will increase next year, even if the current financial level supports tens of billions of debts, it is no problem at all.

Why did Goldman Sachs want to borrow money to set sail?

The equity quality of the companies is high, and it has been appreciating on the one hand, and the most important thing is that the finances of Qihang are too healthy......

The debt ratio is frighteningly low.

This is also the confidence to set sail next year to make a big move.

Qihang mobile phone promotion, in-depth guidance of the construction of the university town, the construction of the Qihang Building, and increase the investment in the car of Qihang. All enterprises should increase their investment in technology and expand at a faster rate. It is expected that the new chip company will also be a place to burn a lot of money in recent years.

In all kinds of places where money is burned, Sailing can be achieved by increasing the debt ratio, rather than simply financing by selling future prospects!

Su Bai glanced at Yang Fan pitifully, "It's scary? The debt ratio of Qihang is already 40%! ”

"Forty percent?"

Yang Fan blinked in disbelief, no matter how you calculate Qihang's debt ratio, it is impossible to reach 40%.

Su Bai nodded, confirmed that Yang Fan heard correctly, and then explained, "Qihang's total assets are only about 12 billion, of which 5 billion are debts, isn't it forty!" ”

"Are you kidding?"

With total assets of 12 billion minus 5 billion liabilities, Yang Fan was dumbfounded, "It means that Qihang's net assets are only 7 billion." ”

Is it a barren egg......

Set sail with tens of billions of cash!

Now the cash in Qihang's hand pays off all the liabilities, and there are still five billion left. It can set sail with a net value of 7 billion, which means that after removing cash, it will set sail with a net value of 2 billion in other industries.

This is still the situation that the investment in fixed assets has properly exceeded 3 billion yuan this year.

Let's just say that there are a lot of premiums in the valuation or market value that are optimistic about the future of Qihang, which has little to do with Qihang's assets.

It can be said that the net asset value of the entire group is only 2 billion after removing the cash......

Black Sailing is not so dark.

TX, BD, the servers of several companies of Qihang Games, the handheld stores of Qihang Network, and the properties of the directly operated stores of the Pentium Electric Bicycle Factory are now more than this number.

Yang Fan didn't have the time to calculate, so he could only roll his eyes and say disdainfully, "Who is so funny?" ”

Su Bai pursed his lips, spread his hands, and said helplessly, "This is the treatment when I set sail to the bank for a loan." ”

Bank?

Yang Fan is no longer able to complain about this, "They must be using the Mars algorithm, which we earthlings can't understand!" ”

Considering that it is only January, the previous loans were probably at the end of the year, and it is normal for banks to tighten monetary policy at the end of the year. But Qihang has nothing to slander whether it is profit or credit, and if you don't want to take out a loan, you can only use the total asset value and liabilities as an excuse......

It's just that the bank is preparing to turn the other cheek with Qihang like this?

You just said directly that at the end of the year, the silver base is shrinking, and there is no money to lend, what can you say when you set sail?

But what can be said that Qihang is worthless at all, this is insulting, think about what Ning Cheng said before to help Qihang communicate, and now that's how it communicates?

After thinking about it, Yang Fan said puzzledly, "What is Ning Cheng doing, and he is on the bank again?" ”

Qihang is not the kind of hopeless state-owned enterprise, which relies on the bank's funds to survive. On the contrary, Qihang is one of the best high-quality customers in Suzhou Province, so the relationship with the bank has always been good.

How could a bank put a face on Qihang for no reason?

Yang Fan estimated that when Ning Cheng communicated with Qihang, he didn't know where to say that he was stiff, and Qihang belonged to the pond fish that was affected.

The relationship between vertically managed banks and local governments is a bad debt if you talk about it.

Local governments want to treat banks as money bags, and although banks are vertically managed, they often have to deal with local governments, and they also need to save face to a certain extent, but they don't want their money to be wasted......

Many times there will be a lot of stiffness!

Thinking about what had happened before, Su Bai said speechlessly, "It doesn't have much to do with Ning Cheng, it's about reorganizing the Panda Movement." ”

Get!

Yang Fan understood.

It must have set sail to go to the bank for a loan in the name of restructuring Panda Mobile......

If you want to say that Qihang has tens of billions of cash, why does it need to take out loans to restructure Panda Mobile?

In fact, it is not only set sail, as long as there is not too much cash to use, most companies want to borrow from the bank when they have the opportunity. Because for a law-abiding and innocent private enterprise like Qihang, the bank will only do two things: icing on the cake or falling into the trap.

Don't even think about sending carbon in the snow!

Therefore, the cash in Qihang's hand is the king to keep it for critical moments.

With so many holes burning money next year, Qihang is only afraid that there is less cash in his hand, and he will not think that there is more cash in his hand. When you have a reason to do so, you will first want to find a bank loan, which is undoubtedly the least costly way compared to debt financing.

It's a pity that Qihang is on the bank on the Panda Mobile matter, and it is also aggrieved, this is not Qihang on the bank at all, it is the Panda Group on the bank on the bank, and the bank is just the one that was kidnapped.

The bank's attitude is to set sail to take out a loan, and that's absolutely fine......

High-quality customers!

Since everyone has always worked together happily, should Qihang consider the bank's situation when restructuring Panda Mobile?

Well, when restructuring Panda Mobile, don't throw the loan to Panda Group, and take it over when negative equity comes together!

This method is equivalent to turning the mess of Panda Mobile into a high-quality loan for the bank, which is definitely the best way to operate. If Qihang can do this, in addition to giving Qihang a loan, the bank can also take the initiative to extend the loan to Panda Mobile.

It doesn't matter how to reorganize Panda Mobile, who is the money to and who is not to give?

Even Qihang tends to have a good relationship with the bank and even take over the debts of Panda Mobile, so everyone will have more time to deal with in the future, and it will be easy to cooperate in the future if you have a good relationship, isn't it?

The problem is that the Panda Group is not willing to do this, and of course they are willing to take a loan and get more cash from Qihang.

Anyway, Panda Group is a state-owned enterprise, and its attitude towards the bank is that there are too many lice and there is no itch, and there are too many debts to worry about.

Having cash in hand is king.

To put it simply, the Panda Group wants to strip out the debts of Panda Mobile, and then wants to set sail for more money, but the bank wants to dump the whole plate to Qihang, and it is much more comfortable to deal with Qihang than Panda Group.

Set sail is stuck in the middle!

The key restructuring of Panda Mobile is something that Qihang Mobile can't wait for, so Qihang can only make concessions to Panda Group, which has control over Panda Mobile.

As soon as he thought of this, Yang Fan was angry, and burst into foul language with hatred, "Well, Qihang is really raised by a little lady!" ”

Isn't it......

Set sail is the rich party, shouldn't it be the uncle?

But the reality is that Qihang is the one who is caught in the middle and gets angry, banks, panda groups, these state-owned enterprises with high status and strong influence, who cares what Qihang thinks?

Qihang can only helplessly use its precious own funds to start the road of restructuring.

Now the so-called restructuring is that the Panda Group gradually dumped the assets of Panda Mobile to Qihang, and finally Panda Mobile was left with a large amount of cash and liabilities, and then the cash was taken away by the Panda Group, and the bank went to stir up trouble with the Panda Group!

Su Bai, "......"

There are really not many things that can make Yang Fan directly explode now, but this thing is really annoying to think about.

Think about Yang Fan becoming an uncle in the United States, and immediately become a grandson when he returns to China, the most important thing is that these domestic uncles have become grandsons again when they see American grandsons.

It's another bad debt!

In the end, Yang Fan said speechlessly, "It's still not enough!" ”

It's addicted to being an uncle, isn't it?

Thinking about it, Su Bai looked at Yang Fan speechlessly.

It has been more than a year since he returned to China, and he is a smart and clever person, and with the platform of setting sail, Su Bai now has a deep understanding of the domestic situation...... Qihang wants to be an uncle in China, and he really has a long way to go.

This has nothing to do with setting sail, it is determined by the way of thinking of many people in China.

Really speaking, Yang Fan is more comfortable in the United States, there will be countless people around Yang Fan because of interests, after all, the rules over there are too simple......

Rich is just.

Although the United States is more mixed with Yang Fan now, China's significance to Qi Sailing and Yang Fan is ......

The roots are there, the roots are there! (To be continued.) )