Chapter 154: Crazy, Crazy (Five Watches)

Jumian Textile Mill, Conference Room.

Luo Yin was the only one, and everyone else went to see the cotton.

Luo Yin looked at the document in his hand with a satisfied smile on his face.

What is written on the document is the price of this batch of cotton.

A total of 20 tons of cotton were sold to the Giant Cotton Textile Company at a price of 15,000 United Coins per ton. A total of 300,000 coins need to be paid.

I said that 5,000 United Coins a ton was good, but now it is 15,000?

Luo Yin didn't have any objection to this, because he added a procedure in the middle.

He asked Lunn to buy the cotton for 5,000 yuan per ton, and then sold it to the Giant Cotton Company for 15,000 per ton.

In this way, there will be a price difference of 10,000 yuan, and this difference is Luo Yin's profit!

Although it was sold to Jumian Company for 5,000 yuan, and Jumian Company remade cotton cloth and sold it, it also had a high profit, but this profit was not as high as this price difference.

There are generally two large taxes for local businesses in the kingdom. One is a 25% corporate income tax and the other is a 15% business tax.

These two taxes basically account for 40 percent of profits.

In other words, if your company earns 100 yuan, you have to pay 40 yuan in tax.

And there is only one big tax on imported goods, and that is import duties.

The price of customs duties varies from municipality to municipality, but is generally between 10 and 20 per cent of the value of the goods traded. Of course, there are still some tax exemptions and heavy taxes, which are not considered now.

In the current situation in Jombie, most of the import duties are 10 percent, including cotton.

In other words, Luo Yin asked these cotton to be sold to Jumian Company at a price of 15,000 per ton, and only needed to pay a tariff of 1,500.

Luo Yin can net 13,500!

Then the giant cotton company can produce about 0.5 to 0.8 tons of cotton cloth per ton of cotton, and the reason why there will be fluctuations is because it depends on what kind of cotton cloth is produced. Depending on the type of cotton cloth, the amount of cotton consumed is also different.

The cotton cloth woven from this ton of cotton was sold, and the market price was about 30,000 yuan.

If the purchase price of 5,000 a ton of cotton, plus 1,000 other machinery, labor, loss and other expenses, the cost is 6,000 yuan.

6,000 yuan cost 30,000 yuan, making 24,000 yuan. After paying 40% tax, there is still 14,400 left, which is the net profit that one ton of cotton can be generated by Jumian Company.

If the purchase price of 15,000 tons of cotton, plus the various expenses of 1,000 yuan, the total cost is 16,000.

Sell for 30,000 yuan at a cost of 16,000 yuan and earn 14,000 yuan. After paying 40% tax, there is still a net profit of 8,400 yuan.

Then use this 08,400, plus the 13,500 earned from selling cotton to Jumian Company before, this is 21,900!

is also a ton of cotton, one produces a net profit of 14,400 yuan, and the other generates a net profit of 21,900 yuan, Luo Yin naturally chooses the latter.

As for why it was sold to Jumian Company for 15,000, it was because the cotton sold by the Fantasy Textile Company to other companies was 15,000.

If he feels that the output of cotton is a little too much in the future, then Luo Yin can sell it to other companies at this price.

And it can't be sold too expensive, if it is sold for 29,000 tons, so that the cost of the Giant Cotton Company becomes 30,000 tons, then Luo Yin does make money, but the Giant Cotton Company will not make a dime.

Not to mention that Jumian Company still has shareholders, even if there are no shareholders, there is no need for this.

Otherwise, if you are a huge entity enterprise, you will not make a profit all year round, and you will not even pay taxes, which is not to be said, you are not stupid.

As a big taxpayer, Luo Yin actually didn't care about this tax, if it wasn't for Lunn constantly reminding him, he wouldn't have thought of these things.

This is all taught by Lunn.

And Lunn also told him that depending on when he has time, he can go overseas, and there are many small countries overseas that are low-tax or duty-free zones, and registering an offshore company here can be in some

Local legal tax avoidance, some large companies in the country, are operating in this way.

Luo Yin is very interested in this, and he wants to go there when he has time.

For these 20 tons of cotton, Jumian Company spent 300,000 yuan, and Luo Yin's cost was 100,000 yuan purchase price and 30,000 yuan tax, and the net profit was 170,000 yuan.

This money doesn't even need to be taken overseas by Lunen, he can just turn his left hand into his right hand, and this is equivalent to transferring the money of Jumian Company to his personal account, and he also saves a hand of personal income tax.

After putting the documents away, Luo Yin came to the production workshop below.

The employees excitedly operated the machine, first weaving the screened cotton into threads, and then weaving them into cloth with threads, and some white cotton cloth was formed.

"This cotton is so beautiful!"

Puran walked up to Luo Yin, his tone was a little excited.

Luo Yin glanced at him and found that his eyes were still a little red. Then he patted him on the shoulder and said with a smile:

"How's it going, it's all right?"

"Everything is fine, we have been preparing for so long, there can't be any problems!"

Luo Yin nodded and said:

"That's good, it's up to you next."

His congressional election has reached a critical moment, and the next few days are very important, and the 500,000 Union dollar campaign funds he prepared should also play a role.

Now that Luo Yin is ranked fourth, if nothing else, this councilor is basically stable.

The caravan transporting cotton was a giant cotton mill that came in the morning. At noon, the news of a large amount of cotton coming from the Jumian Textile Factory spread throughout Qiongbi City.

The crowd was in an uproar.

Although a small number of people think that it may be true that the giant cotton company can get cotton, when the facts are put in front of everyone, there is still a feeling of disbelief.

The domestic cotton is monopolized by the Phantom Company!

It's not a matter of a few tons of cotton, it means that Jumian has found a new channel! Break through the monopoly of the Phantom Company!

From now on, the Phantom Company may have some advantages in cost in front of the Jumian Company, but the advantage of dimensionality reduction is gone.

Jumian Company is the first company to be surrounded by the Phantom Company!

Perhaps, Jumian Company can't compare with Phantom Company now, or even in the future, but today, it says that it ranks second in China, and probably no one objects.

When the word spread throughout the city.

The trading market was instantly filled with countless red-eyed people who were seeking to buy shares of Jumian Company.

And soβ€”

Before 1 p.m., the largest rating agency in the city of Qiongbi recommended 12,000 shares for every 1% of the company's share price.

At one point, the acquisition proposal rose to 21,000.

At two o'clock, 32,000.

At three o'clock, 45,000.

At four o'clock, 53,000.

At five o'clock, 64,000.

At six o'clock, 71,000.

At seven o'clock, @δΈ‡.

As of eight o'clock, when the rating agency got off work, the proposal to buy the shares of Jumian had risen to 90,000 yuan.

In half a day, it rose from 12,000 to 90,000!

Some investment businessmen in Jombi City went crazy. Most of him have never seen such a fast and fierce company with such a rapid price increase!

Eugene, who witnessed all this, is also crazy.

"Impossible, absolutely impossible!"