Qunxing Capital's income in the first half of the year was 748.398 billion yuan, a year-on-year increase of +72.96%; The company's net profit was 223.247 billion yuan, a year-on-year increase of +66.43%, and the net profit margin was 29.83%; As of June 30 this year, the net assets at the end of the period were 3,133.565 billion yuan, a year-on-year increase of +42.57%. Liquid cash was 900 billion yuan, a year-on-year increase of +56.94%, the company's total debt was 318.972 billion yuan, and total assets were 3,452.537 billion yuan.

Fang Hong took a general look at several important data reported in the report, and the revenue growth is still rising at a year-on-year rate of more than 50%, with an income of about 1.1 trillion yuan last year, and a revenue of 1.5 trillion yuan this year.

The company's net assets also exceeded the 3 trillion mark for the first time, the liquid cash data increased by tens of billions instead of decreasing, and the liabilities decreased by more than 10 billion.

It has to be said that the corporate debt ratio of Qunxing Capital is really super low, and the current debt level has dropped to below 10%, as a non-bank financial investment company, such an asset structure is picturesque.

With a total asset scale of more than 3.45 trillion yuan and a debt ratio of less than 10%, it means that Qunxing Capital has left enough room for itself to increase leverage, and such a large asset volume can increase the debt level by 10%, that is, the capital scale of more than 300 billion yuan.

Leaving enough room for leverage is a strong ability to fund up, deleveraging is a very painful thing, but increasing leverage is definitely super easy.

Strong capital support is the biggest reliance on building an independent valuation system for Galaxy subsidiaries.

It is worth mentioning that more than 80% of the reported performance of Qunxing Capital comes from major overseas capital markets, and more than 600 billion yuan of revenue is generated overseas, of which more than half is earned in the international foreign exchange market.

In this super huge market, Qunxing Capital makes a lot more money in arbitrage than in the stock market.

As for the A-share market, I really didn't make any money, and even lost money.

Because Qunxing Capital is still gradually building positions in it to lay out the next round of super bull market, and the performance of Big A is needless to say, it has hit a new low in the year, and it can't cut a few leeks.

However, the A-share market is not bullish, it depends on which market, from the secondary market it is bearish, but from the primary market is a proper bull market, the most intuitive embodiment is that although the A-share market has not "grown tall", but "fat", that is, the financing of the primary market is very profitable.

It's just that it has nothing to do with the shareholders, because 99.99% of the shareholders can only participate in the secondary market.

……

At the end, Fang Hongbao put aside the materials in the report, looked at the beautiful assistant and instructed: "Set up a few shell companies that do cross-border trade, secretly control these companies, and then go to Baxi to invest in local copper mines, or joint ventures or acquisitions, large-scale investment." ”

Tian Jiayi nodded.

The purpose of investing in copper mines is very simple, and the domestic demand for copper mines will increase significantly in the future.

Fang Hong decided to invest in copper mines on a large scale, the purpose is still for the field of new energy vehicles, new energy vehicles not only have a huge demand for lithium mines, but also a very large demand for copper mines, because the motors of new energy vehicles have a great demand for copper.

In the future, the sales of new energy vehicles will increase significantly, and the huge demand for copper ore is a visible expectation.

It's just that now, the outside world doesn't realize that the sales of new energy vehicles in the Greater China market will grow rapidly in the future, and many people don't believe in this thing, and even many people stay in the concept of new energy vehicles.

But ten years later, Volkswagen is used to new energy vehicles.

Fang Hong then added: "In addition, Australia's lithium mines have also increased their investment layout to control as many lithium resources as possible. Whether it is a copper mine or a lithium mine, the company does a few more layers of nesting, so as not to let people penetrate the underlying structure is controlled by Qunxing Capital. ”

Tian Jiayi made a memo of his decisions one by one, after multi-layer nesting, asset penetration will become extremely difficult, if you want to find out the underlying assets of a company, you can't stand the cost of due diligence first.

Not to mention that companies like Qunxing Capital deliberately hide behind the scenes, this kind of operation Qunxing Capital has long been familiar with playing lightly, in fact, those capital consortia in the West are also playing this game very slippery.

After a while, Fang Hong continued: "Another key point is to increase investment in the agricultural field in China, including technological innovation in agriculture and agricultural products, greenhouse technology and other ......."

Agriculture is not a field that most people think has little technical content, in fact, real modern agriculture has high technical requirements.

Fang Hong attaches great importance to the field of agriculture, because it is a major issue related to food security, which is also a major issue related to national security, and it is a strategic issue.

Qunxing Capital's investment in the agricultural field is very simple, just two words: open source!

The main thing is to open up large farms on land that is not suitable for planting in sparsely populated places such as the northwest and the inner haze, which requires the innovation of modern agricultural technology.

Fang Hong has the advantage of foresight, knowing that this path is feasible, to the north of Nei Ha and other places, now need to import vegetables and other agricultural products from other places, but a few years later, Nei Ha's agriculture has developed greatly, not only does not need to import agricultural products from other places, but even directly supplies vegetables to the capital.

This is all thanks to the development of modern agricultural technology.

In a desolate place like the Great Northwest, water vapor evaporates quickly, and it is difficult for traditional agriculture to survive.

However, greenhouse technology can solve the problem of water vapor evaporation, wrap a greenhouse in the shed planting, have sufficient light and can keep the water vapor in the closed shed space circulation, the material of building the greenhouse is one of the technological innovation points, through this technical research, research can be developed to manually intervene in the light, to ensure that the agricultural products in the shed to achieve the growth environment.

Including big data, information digitization, etc., will enter the modern agricultural planting, such as a greenhouse area with visual monitoring of various indicators of the growth environment in real time, temperature, humidity, illumination and so on.

These can realize real-time monitoring of data, and once the data is abnormal, it will be reported in time, and relevant professional and technical personnel will quickly intervene.

Including drone spraying insecticides, etc., and with the intervention of big data, information technology and other technologies, it can be more refined management, under the real-time detection of professional equipment, the crops in a certain area have insects, then you can target the area for insecticide spraying, and do not need to spray the whole large area for insecticide, which saves costs and improves quality.

It can be seen that the real modern agriculture requires a high technical content, requires very professional talents and professional skills to be competent, and with the continuous development and progress of technology in the future, especially in the future era of digital economy, modern agriculture will be more informational, intelligent and unmanned.

……

(End of chapter)