It is worth mentioning that the majority of the current asset structure of Qunxing Capital is still overseas, accounting for about two-thirds, with an asset scale of more than 310 billion US dollars, and nearly 2 trillion yuan excluding exchange rate changes.

The money is in an offshore state and has not returned to the mainland, so it is not reflected in the country's GDP data, and it is also reflected in the GNP data, but it is not reflected in this regard, because most of it is a hidden asset.

If you don't take the initiative to expose yourself, it is difficult to be penetrated.

There is only one situation that will be reflected in GNP, such as the upcoming layout in the African market, the purchase of local natural resources, contracted mines and other physical assets, which is generally difficult to hide.

Fang Hong also does not plan to let all assets flow back to the mainland, and the offshore state must account for at least half, only in this way can he calmly deal with any unexpected situation.

The income of Qunxing Capital has exceeded the trillion level, and the amount of taxes paid by the company is also a record high, and Fang Hong requires "all dues, no stealing or omission", and the actual tax generated last year reached 325.256 billion yuan.

What is this concept?

In the past 2011, the total financial income of Xincheng for the whole year was about 139 billion yuan if the tax paid by Qunxing Capital is not calculated, and the tax scale of Zhuangxing Capital is as much as twice that of Xincheng's total financial income outside Qunxing Capital.

Compared with the fiscal revenue of the "Magic Capital" in 2011 of about 340 billion yuan, only about 15 billion yuan is equivalent to the fiscal revenue of the "Magic Capital", a super metropolis with a population of more than 20 million, last year, and the city is also one of the most economically developed cities in the country.

Or the scale of tax paid by Qunxing Capital last year can build 15 aircraft carriers.

It's unbelievable if this is directly disclosed, 100% of the rhythm of being "blacked" by Lao Mei, knowing that you kid must have made a lot of money in the global market, but I didn't expect to earn so hard? I can't bear it!

It is necessary to black, sanction, and suppress three times in a row, but any more hesitation is disrespectful to you.

However, Qunxing Capital currently has two account books, and the tax revenue is also based on the two account books, and the tax revenue of 325.256 billion yuan is divided into 97.577 billion yuan and 227.679 billion yuan.

Among them, 227.679 billion yuan is not shown, and all of them are directly allocated to the state tax and put into the national treasury.

The remaining 97.577 billion yuan shows that this is a clear account, and this part is opened according to the national tax and local tax, that is, the national tax is transferred to 58.546 billion yuan, and the remaining 39.031 billion yuan belongs to the new city local tax.

That is to say, in the whole year of 2011 last year, the total financial tax revenue of Xincheng was about 178 billion yuan, and Qunxing Capital was still the first major taxpayer on the bright side of Xincheng.

The total actual tax amount of Qunxing Capital is 325.256 billion yuan, and the national tax actually takes 286.225 billion yuan, accounting for 87.99% of the proportion.

If it is divided according to the usual situation, the land tax of the new city can be allocated to 130.1 billion, which is equivalent to a loss of 91 billion tax revenue.

The land tax of the new city seems to have suffered a big loss, but if you look at it from another angle, it is a different matter.

It is very good that an enterprise like Qunxing Capital is not directly included in the national tax, at least now it is still attributed to the local enterprises of Xincheng, and it can be divided into 39 billion according to the locality, which is already a huge astronomical amount, which directly increased the financial tax revenue of Xincheng to 178 billion yuan.

The actual situation is already very rich, and the scale of the new city's fiscal revenue is already at the level of a first-tier city.

Today's Qunxing Capital is no longer a local enterprise, and it is highly valued in GWY, and there is no way, because it is really too profitable.

The amount of taxes paid today alone has exceeded 300 billion yuan, and it has continued to grow year after year, and it is not an exaggeration to say that it is a cash cow in the treasury.

What's more, most of the money is still coming back from overseas.

……

said that at this moment, Tian Jiayi continued to report to Fang Hong: "...... In addition, the company has invested in more than 1,898 projects as of December 31, 2011. ”

Tian Jiayi said in an orderly manner: "Specifically, there are 854 companies that have survived the A round of financing, and the pass rate is about 45%; Among these 854, 427 have survived the B round of financing, with a pass rate of about 50%; Among the 427 companies, 307 have survived the C round of financing, with a pass rate of about 72%, and as for the D round of financing, most of the C round of financing has not yet been consumed, and 36 have passed the D round of financing. ”

Fang Hong nodded silently, Qunxing Capital made nearly 1,900 shots in the angel round stage, and the vast majority of these nearly 1,900 startups were in one round, with a large number of pre-A rounds and a large number of deaths in the A round of financing.

However, after surviving the A round of financing, there was an inflection point, and the survival rate of these startups began to improve, with about 50% of the companies getting the B round of financing, and more than 70% of the companies that survived the B round of financing successfully passed the C round of financing.

If every start-up is counted as a sample, the sample in the hands of Qunxing Capital already has a statistical probability convergence.

The data is reflected in the data, the later the financing stage, the survival rate of enterprises has increased significantly, such as the survival rate of the C round of financing stage has exceeded 70%, and the survival rate of the D round of financing is foreseeable to be greatly improved, which is estimated to be more than 85%.

This is very normal, and the statistical data also fully shows that the risk of early investment is huge, and the angel round stage can often be said to be supporting the "dream" to invest a sum of money.

In fact, most of the targets can't survive the pre-A round, which is why there are more shares in the angel round stage, because the risk at this time is off the charts, and the investors are basically carrying the risk.

to the back of the Pre-A, A, B, C, D...... The further back the person gets on the bus, the smaller the risk of loss, so at this time, if the same amount of funds gets much less equity, it also means that the money earned is less, after all, the risk is smaller.

The data from this investment sample of nearly 1,900 people from Qunxing Capital fully reflects the phrase "high risk, high return, low risk and low return".

It is worth mentioning that these targets invested by Qunxing Capital, which can survive the C round of financing, have basically become absolute holding subsidiaries, without exception, exceeding the equity ratio of more than 67%.

Because of each round of financing, Qunxing Capital is the leader, and other investors who get on the bus halfway are follow-up, and even many of them are exclusively invested by Qunxing Capital all the way, and the investors are only one Qunxing and the equity accounts for more than 80%, and the remaining equity is the entrepreneurial team.

The eight strategic directions invested by Qunxing Capital are electronic information, biology and new medicine, aerospace, new materials, high-tech services, new energy and energy conservation, resources and environment, and advanced manufacturing and automation.

Without exception, they are all technology and high-end manufacturing, and most of them are quite money-burning.

These eight investment directions are close to 1,900 startups, which seems to be super intensive, but in fact, there are really not many sub-categories sub-categories, and many sub-categories are not even covered.

A large investment direction, such as electronic information, can be subdivided into more than 10 categories, one of which can be subdivided into more than 10 subcategories, and a subcategory can be further subdivided into a number of subcategories, which correspond to specific entrepreneurial project companies.

……