In the afternoon, Tranquility Villa.

Tian Jiayi came back from work and brought back the 2010 annual report materials of Qunxing Capital, and at this moment she came to the study on the second floor with the materials, where Fang Hong was.

"The company's annual report is out."

The beautiful assistant said and put the materials on the desk in front of Fang Hong, who immediately opened the list, Tian Jiayi immediately said: "The company's annual income in 2010 was 515.713 billion yuan, a year-on-year increase of +85.15% compared with last year, and a net profit of 189.322 billion yuan, a year-on-year increase of +42.39%, which has been trying to reduce the scale of profits, but it has earned too much, the growth is too fast, and it can't be arranged, and the net profit margin of 36.71% is already pressed to the limit, and then it can't be suppressed......"

If it is not pressed, the net profit margin may soar to more than 65%, Qunxing Capital is already a super "loser", the Kyushu Blue Arrow project, including the natural science fund that is secretly promoted, etc., which is not a smash of tens of billions at every turn.

But even with such a "profligacy", the annual report income statement is still so bright.

Although the squandering is big, the harvest is even greater.

Fang Hong browsed the details of the financial report and said with a smile: "It's not all bad, this year's base is a little bigger, and it will be easier to get out of the table next year, no problem." ”

Tian Jiayi suddenly asked, "But what if you might earn more next year?" ”

Fang Hong: "emmm......"

As for losing money? To be honest, the current beautiful assistant doesn't believe that unless the global capital market closes down, it can't stop this guy's harvest at all.

Hearing this, Fang Hongxu nodded matter-of-factly: "That's right." ”

However, this is indeed a problem, and Fang Hong quickly thought of another point, although Qunxing Capital is a non-listed company, but after all, it has to pay taxes, so it can't hide much, and once the tax is paid, you can also get a glimpse of the whole leopard.

This is indeed a problem.

You can let the outside world know that Qunxing Capital is rich, but you can't let the outside world know how rich Qunxing Capital is.

Fang Hong thought for a while and immediately looked at the beautiful assistant and ordered: "A copy of the annual report will be sent to Qin Gangyi tomorrow, and by the way, it will be proposed to the above, since the absolute majority of the income comes from the overseas market, in order to avoid the targeting of the West, and to better harvest more profits overseas in the future, Qunxing Capital should adopt a Taohui strategy and make a fortune in a low-key manner, so please ask for instructions to expand the technical concealment of a part of the finances, waiting for the announcement of the opportunity in the future." ”

To put it bluntly, in the future, there will be two copies of the statements of Qunxing Capital, will they be fake? Definitely not, it's just that one is for the inside, one is for the outside, and both are true, that's all.

Then, when it's time to pay the tax, it will be according to the report given to the outside.

Qunxing Capital is not a listed company anyway.

Tian Jiayi couldn't help frowning and said, "Will it be approved above?" After all, that's a lot of less real taxes and fees, and it can easily reach tens of billions or even hundreds of billions in the future. ”

Fang Hong said calmly: "Who said that you should pay less?" Tax, the stars must be paid in full, not a penny less, the hidden part of it is not reflected in the new city tax, just go directly to the national tax? The proportion is still so much, and the actual point is not less than a point, and it will be declassified in the future and then returned to the new city according to the actual situation. ”

Not all the taxes paid by enterprises are included in the local tax, and some of the national taxes must also be taken away.

As for what Fang Hong meant, as soon as he said this, Tian Jiayi immediately understood that the annual tax paid by Qunxing Capital would not be less, but the actual land tax was less.

Suppose that Qunxing Capital actually pays 50 billion taxes this year, but the report on the table is based on the "external" one, showing 10 billion taxes and fees, and 40% of the local tax is 40 billion yuan to the new city place, and the remaining 6 billion national taxes are taken away.

And then there are 400 billion, this part of the national tax is directly taken away, which is equivalent to 160 billion less than the local tax, and under normal circumstances, 200 billion should be returned to the local tax, but the actual return to the local tax is 40 billion.

Tian Jiayi couldn't help but think thoughtfully: "In this case, the probability of approval from above will be greatly increased, and as for the future withdrawal, I estimate that Xincheng will not want it." ”

Fang Hong smiled, in the future, the subsidy will definitely be refunded, but after the retreat, Xincheng will definitely not want it.

Do you really want to be enlightened like this, and you still want to progress?

After a while, Tian Jiayi turned to continue to report the unfinished content: "The company's net assets at the end of the period in 2010 were 1,813.616 billion, a year-on-year increase of +187.03%; 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 liquid cash reserve was 457.336 billion yuan, a year-on-year increase of 143.26%. ”

Tian Jiayi added: "The company's main assets are overseas US dollar assets, with a total notional net value of US$243 billion, accounting for 77.26% of the company's total assets. ”

Obviously, the harvest of this explosive annual report performance accounts for an absolute proportion of the overseas market.

Tian Jiayi suddenly looked at Fang Hong with a smile: "May I ask Mr. Fang, the liquid cash at the end of the year before last was 188 billion, but it became 457.3 billion instead of decreasing, the more money is spent, I am afraid that I will not be able to spend it in this life, what can I do, what does Mr. Fang think?" Isn't it annoying? ”

Fang Hong turned his head and glanced at the beautiful assistant: "I've finished your words, what else do I say?" ”

Tian Jiayi said with a smile on his face: "Say your words, so that you have nothing to say." ”

Fang Hong suddenly said: "You can only let you come and eat geese to block your mouth." ”

After a while, the beautiful assistant stopped talking, Fang Hong put aside the financial report, thinking that there are so many liquid reserves, this has to be spent, the beautiful assistant is so diligent and capable, it is not too much to reward her with hundreds of millions, there is no problem at all.

……

The next day, Thursday, March 3.

The 2010 annual report performance of Qunxing Capital was sent to Qin Gangyi's hands, and 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 dollar assets were 243 billion ......."

Incredible!

It's incredible!

Qin Gangyi looked at this material for a long time and couldn't calm down, the five major institutions strategically invested in Qunxing Capital at a price of about 105 billion, with the current net asset scale of 18,100 in Qunxing Capital, the value of 35% of the equity in the hands of the five major institutions reached 634.7 billion yuan, and the net value increased five times directly on the spot.

The key point is that Qunxing Capital holds 243 billion US dollars in overseas assets, equivalent to 8.5% of the country's foreign exchange reserves, and if these money flow back to China, it is not rigorous to say that last year's national GDP will be 1.6 trillion yuan more.

Last year, the country's exports were 1.6 trillion US dollars, and the US dollar assets held by Qunxing Capital accounted for 15.18% of the country's exports last year.

Qin Gangyi was shocked beyond this terrifying ability to make money, and he couldn't catch up with the money printing machine smoking.

Won't you be able to lie down and count the money in the future?

For the five major institutions, the most important thing is asset appreciation, which means credit enhancement, the more net assets mean that more money can be derived, down-to-earth means that you can borrow more money from banking institutions, and you can lend more money with enough collateral.

Therefore, the larger the company's asset scale, the more money the five major institutions can lend out with its equity, and whether the borrowed money is to engage in infrastructure construction or anything, the money will come, and the money for direct dividends is secondary.

……

(Ps: There is an update today, you can ask for a ticket~~)

(End of chapter)