Lin Yi got a piece of "cooked land" in Yuezhou, and the local government did give great convenience, and he was given the green light all the way in various procedures.

Therefore, Wanli Travel soon got a full set of procedures, and Lin Yi personally announced the official start of the production base and symbolically shoveled the first pry soil.

At this point, the car-making project on which he had high hopes entered the implementation stage.

Another thing can also be on the agenda.

After Lin Yi returned to Beijing from Yuezhou, the company's CFO Liu Jianni submitted an important document, namely the 2017 financial audit report.

"I won't turn it over, you say the point."

Liu Jianni had expected it, and turned out an attached summary for him and introduced it.

"First of all, the most important point is that in the 2017 fiscal year, under the effect of various cost reduction measures that we have implemented since the beginning of the year, Wanli Travel's main business, that is, the online car-hailing travel business, has achieved profitability."

"Because this is the first year of our turnaround, the profitability level is not very high, but it is a good start and we expect better financial performance in 2018."

"As a result, we have achieved the performance commitments we made to our investors in the third quarter of 2016 when we merged with Dudu Taxi."

"Lin Yi, we did it."

This is indeed a big achievement, because the hapless Uber is still plagued by profitability problems, and how much favor Kalanick received at the beginning, how much criticism he is receiving now.

I don't know how long the thing will sit in its seat.

However, Lin Yi didn't take this as much good news, he just achieved his goal step by step, after all, they made a lot of trade-offs for this.

Since the merger with the capital, except for the Wang Xing of each group who briefly coveted the piece of cake that had been occupied by Wanli Travel, no other long-eyed guy jumped out to fight against him.

Lin Yi not only drew the Chu River and Han boundary with Wang Xing, but also maintained restraint with all overseas competitors, including Uber, and did not take the initiative to attack.

In short, profit is what it should be.

"In addition, there are other highlights of the company's overall financial performance in 2017."

"Given that we've completely divested the unprofitable business modules, we're completely clean in this area."

"In other aspects, the exploration we have made in the direction of new business is mainly reflected in the investment subjects, specifically three projects."

"Among them, the largest non-operating profit that contributed to us in 2017 was the investment in bike-sharing companies."

"Since we first invested in Mobike in September 2016, we have made additional or co-investments in every round since then, and our shareholding has reached a maximum of 40% before Mobike was acquired."

"In November last year, you decided to cede the acquisition opportunity of Mobike to Factory A, and the total consideration at that time was about $3 billion, and the transaction was completed by the end of the year."

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"Through this transaction, the company has recovered about $1.2 billion, which is more than 200% ROI compared to the total amount of our previous rounds, and the cycle is just over a year."

"Such a good project is something I didn't often encounter when I was a venture capitalist before."

Liu Jianni is obviously in a good mood, and it is rare to joke.

Lin Yi has invested in the bike-sharing industry for more than a year, and finally gave Mobike a false shot and threw the pit out.

Of course, Factory A doesn't think it's a pit.

This kind of deal where both parties feel that they have earned is the perfect deal.

"There are also two other projects, namely the autonomous driving project in cooperation with the bear factory, and the car manufacturing project that has introduced the first round of financing led by Factory A."

"Both projects are now in the upfront investment stage, and the cost is huge, and the investment horizon is long, which is expected to drag down performance for a long time, so we have divested financially."

"Among them, the autonomous driving project was originally led by the bear factory, and the car-making project was deliberately split out and named Pengcheng Automobile separately, which can be independently listed in the future according to your opinion."

"That's the general situation of the company."

Liu Jianni Lin talked about it in a circle, but in fact, it can be summed up in one point:

They have met the listing conditions.

But before that, Lin Yi had another proposal.

"Jenny, there's an idea I've been thinking about for a long time since my sister left, and I think it's time to discuss it with you."

"Now the company's business line is very simple, our goals are clear, and you know better than me about profitability."

"At the same time, I also hope to be able to put more energy into the next few years, which is the most important thing to focus on, the car building project."

"So, I propose to elevate your position from CFO to CEO, what do you think?"

Such a momentous decision was certainly not a whim.

In terms of loyalty and ability, Lin Yi has worked with Liu Jianni for several years and fully trusts her, and even if Lin Yi continues to serve as CEO, he may not be able to do better.

In terms of the stage of development of the company, a professional manager with a financial background is in charge of the top management team, which is usually a sign of the maturity of a large company.

For example, Xiaoyaozi in Factory A.

Of course, Jianni Liu also understands what a great opportunity this is for herself.

She has been on the road from a venture capitalist, a practitioner in the financial industry in a broad sense to a CFO of a company, for four years.

And from CFO to CEO, it is a very long distance, many people can't cross it in a lifetime, and now it seems to be close at hand.

Her heart must have been a little turbulent, but she didn't show any eagerness.

"On the side of Pengcheng Automobile, the entire construction cycle will not end in a while after the production base starts, and you will only play a guiding role in the research and development of Pengcheng No. 1."

"Thousands of miles travel here, although the business has been stable, but after all, our history is only a short five years, will it be too early for you to step down at this time?"

"In my experience, it's best to have a transition period of one or two more years after going public, and then the whole process will be very smooth."

Lin Yi looked more confident than herself.

"You don't need to be so careful, because Wanli Travel is no longer the precarious time it used to be, and it won't cause any turmoil and conjecture because of the change of CEO, isn't it okay when the senior sister left before?"

"Besides, I am not directly withdrawing from the company, I will still serve as the chairman, but I will basically let you and the management team at the specific business level."

"As for the timing you said, I think it is better to change it sooner rather than later, if you want to change it before it goes public, and after the listing of the province, there will be a surprise attack, and the outside world will think that something has happened to us."

Jianni Liu understood.

Although becoming the CEO does not mean that she has the highest power in this company, and Lin Yizai is still there, this step is still of great significance.

For that, she wants to express her gratitude.

As for why Lin Yi didn't stay as CEO by himself and let her take on transitional positions such as president, this reason is not difficult to guess.

Liu Jianni still remembers that Lin Yi said that the position in his heart only belongs to an irreplaceable person.