Winning the new financial era

Chapter 99 Steak with Dried Chili Noodles

As of the Q3 quarter, Ruixiang Group has generated a total net profit of 8 million yuan.

Of course, this data is obtained after deducting R&D investment and Mobao payment subsidies.

At present, the profit-making sectors of the entire group are only seven major financial supermarket sectors, including Internet wealth management supermarkets, loan supermarkets, credit card supermarkets, fund supermarkets, insurance supermarkets, bank wealth management/loan supermarkets, and trust supermarkets;

Tiance Technology has cooperated with hundreds of financial institutions and created a net profit of 2 million yuan.

Mung Bean Credit will launch external cooperation in the future, and profits can be expected.

Hantai Fund, Touronghui Wallet, and IOU have just started operating, and have not generated profits for the time being, but they should be profitable after a while.

Mobao payment, Diandianchou, AI, blockchain, cloud computing, big data and other sectors are in a state of loss.

But fortunately, this part of the loss has been supported by the money of venture capital funds.

The $5 million in the B round of venture capital, equivalent to 31 billion yuan, has been planned for a long time. Mobao paid 15 billion in subsidies, 8 million in R&D investment, and 8 million in the acquisition of financial licenses.

The total of 23 billion in Mobao payment and R&D investment has been budgeted long ago, and it will only exceed and will not decrease.

A total of 3.68 million yuan was spent on license acquisition, 2 million yuan was spent on upgrading the registered capital of two Internet microfinance companies, and the budget exceeded 6 million yuan.This part of the money was subsidized from Ruixiang's operating profit.

In addition, Ruixiang deducted 13 million for investing in Lefenqi and Miaofenqi in 1, and the balance fund was 1.46 million.

The entire Ruixiang Group currently has a total of 7.78 million idle funds.The more than 7 million yuan is completely available.

Because the staff salaries and daily expenses of Ruixiang Group are supported by several profit-making sectors.Others like Magic Treasure pay huge subsidies, and research and development of cutting-edge technologies are partly invested by venture capital funds.

In fact, it is better not to use the more than 7 million reserve cash, otherwise there will be some problems in the group, and there will not be enough risk reserves.

But Zhang Yida decided to draw 1 million US dollars from Ruixiang Group, which is equivalent to 6.16 million yuan, and invest it in the industrial investment fund.

In this case, the cash reserve of Ruixiang Group can be said to be emptied at once, and there are only 1.62 million yuan left. If something uncontrollable happens, they can only call for help.

However, Zhang Yida feels that the most uncontrollable business is the consumer finance and wealth management business group.It is not a big problem if the fund suffers a loss. Users are responsible for their own profits and losses, and the risk cannot be passed on to the parent company.

I am afraid that the overdue rate of Touronghui wallets and IOUs will explode, and users will not pay back the money.However, there are 6 million yuan in cash from Internet micro-loans, and the worst case scenario is that the 6 million yuan will be lost.

However, this is basically impossible. The current 60 credit users are considered to be the 1.5 with the best credit among the 60 million users.The risk is relatively controllable.

Zhang Yida smiled, he was suffering from persecution paranoia.

Yimin Financial Services Group is still profitable overall.

As of the Q3 quarter, Yimin Financial Services had a total revenue of 5.13 million yuan in the first three quarters, and a net profit of 8500 million yuan.

Among them, the four subsidiaries of Yimin Wealth, Yimin Wealth Management, Yimin Puhui, and Yimin Loan have entered full profitability.

Huinongdai and Ruimin Wealth Management are newly opened, and they are still in the initial stage of investment, and have incurred certain losses.

With a balance of 13 million yuan in 1, plus the 2500 million US dollars won from gambling, Yimin Financial Services Group has a total cash reserve of 3.39 million yuan.

Yimin Financial Services Group has only received a round of A-round financing of 5000 million US dollars, which is equivalent to a little over 3 million.Now Yimin Financial Services has so much cash in reserve, which is equivalent to earning back all the money burned in the early stage.

Extend the timeline to 13, that is, the loss in 13 and the profit in 14 just offset.

Zhang Yida lamented that doing business by himself is to make money, and the cash reserve of Yimin Financial Services is almost half of that of Ruixiang Jinke.

Moreover, Yimin Financial Services does not deduct any subsidies, sales expenses, and R&D investment, which is a true comprehensive profit.The full profit of Ruixiang Group is still far away.

This is the difference between being an intermediary and doing direct sales!
Yimin Financial Services Group has 3.39 million cash, and Zhang Yida decided to withdraw 5000 million US dollars, or 3.08 million yuan, to invest in industrial investment funds.

The remaining 3100 million yuan will be kept as an emergency reserve fund for enterprises.

Yimin Wealth has transformed into high-end wealth management, which is fine. Users are responsible for their own profits and losses when investing.

The biggest risk still comes from Yimin Wealth Management + Ruimin Wealth Management, Yimin Puhui + Yimin Loan.The two major wealth management companies are most afraid of a run on the bank, and the two major loan companies are most afraid of an outbreak of overdue and bad debts.

Moreover, the four major companies act as fund suppliers and asset suppliers to each other, and risks are transmitted to each other.

If one family is unlucky, it will affect the other three families.

For example, the funds provided by Yimin Wealth Management, Yimin Pratt & Whitney borrowed out and could not be collected back, and then Yimin Wealth Management could not repay the lender's money, and a redemption crisis broke out.

Then Yimin Financial Management could no longer provide funds for Yimindai, and the operation of Yimindai may be paralyzed.

Yimin Loan was paralyzed, unable to provide credit assets, and the funds raised by Ruimin Financial Management did not know who to provide to...

So in the later stage, Zhang Yida is going to cut, Yimin Wealth Management + Yimin Puhui form a pair of CPs, and Ruimin Wealth Management + Yimin Loan is another pair of CPs.

There is no intersection between the two pairs of CPs, which cuts off some risk transmission.

The size of Huinongdai is too small to have much impact on the broader market.

Ruixiang invested USD 1 million, and Yimin invested USD 5000 million, which resulted in a settlement of USD 1.5 million.

There is still a gap of 5000 million U.S. dollars. Blackshirt Capital, Zhenke Fund, and Temasek can all cooperate.

But there is no rush for this matter at the moment, and there is no need to withdraw funds. We have to wait until Lei Dongming's fundraising is full.

……

He Qingxuan invited Zhang Yida to dinner today. In a western restaurant, Zhang Yida met He Qingxuan in a white dress.

She also painted a light makeup today, full of goddess style.As soon as he entered the restaurant, he attracted the attention of many men. It wasn't until Zhang Yida appeared that a group of spectators slowly withdrew their gazes.

Zhang Yida noticed this and said with a smile:

"Miss He is worthy of being a goddess of a generation. The male customers present couldn't roll their eyes when they saw you."

He Qingxuan's pretty face blushed slightly, and she said angrily, "How can you? If you keep talking nonsense, believe it or not, I'll tell Er Ya."

"Tell me, I'm not afraid of anything. I'm telling the truth. You have to face the truth." Zhang Yida said nonchalantly.

The waiter at the side stepped forward and asked the two to order, and each ordered a steak. Zhang Yida specifically told the waiter:
"Give me another plate of dried chili noodles!"

The waiter was a little confused. What kind of operation was this? He smiled wryly and said:
"I'm sorry sir! We only have black pepper sauce here."

Zhang Yida was speechless. When eating steak in Sichuan, they would provide chili noodles, which would be more delicious.What's so good about black pepper sauce?

He Qingxuan relieved the waiter, smiled lightly and said:
"You still have a lot of magic! Steak with dried chili noodles, it looks delicious!

But they don't have them here, so don't make things difficult for them. "

"Okay, just black pepper sauce!" Zhang Yida waved to the waiter, looking hopeless.

"What do you want from me? Goddess He." Zhang Yida guessed that He Qingxuan must have something to do with him, so he asked directly.

"What's the matter? Can't I invite you to dinner if I have nothing to do?" He Qingxuan began to circle around Zhang Yida.

"It's ok! It's not good if someone invites you to dinner. I'm so poor that I almost can't afford to eat recently. It's good to have a few meals." Seeing that she didn't talk about the topic, Zhang Yida also made jokes.

"Are you still poor? A raccoon jack horse? An ordinary family poni horse? Plus Zhang Yida who can't afford to eat?" He Qingxuan giggled, her chest trembling for a while.

Zhang Yida took a look, then quickly cast his gaze aside, sighed and said: "My skill is far worse than these two big brothers.

Also, I am really poor, and the company is rich, but the shares cannot be realized now.I can only get dead wages now. "

Zhang Yida's words are also true, and he is really like a wage earner at the moment.He is just a high-level wage earner. Ruixiang and Yimin together pay him a salary of 500 million after tax every year.

He Qingxuan didn't believe Zhang Yida's words.He easily took out 4000 million to buy his father's company, and the media said that Zhang Yida was worth tens of billions...

He Qingxuan chatted with Zhang Yida for a long time, and finally got back to the topic, and said with some embarrassment:

"After my father sold the company, I traveled with my mother for more than a month. After returning to the capital, I stayed at home every day without going out, sighing.

I think he should be confused about the rest of his life.He is still young, not yet 50 years old.

He must not be reconciled to staying at home every day with nothing to do.Can you give me some advice on what my dad can do? "

After finishing speaking, He Qingxuan looked at Zhang Yida longingly.

Zhang Yida understood He Shenghua quite well. The company he had worked so hard to establish and accompanied him for more than ten years just disappeared.

Satisfaction in terms of money cannot fill the emptiness and loneliness in a person's heart, especially a middle-aged man who is at his peak and full of ambition.

However, He Shenghua is not suitable for Internet entrepreneurship, or any field he does not understand.

The loan industry should be the most suitable for him!
Hey, there is!

Zhang Yida looked at He Qingxuan, thinking about whether to tell her.

Seeing Zhang Yida's tangled face, He Qingxuan couldn't help laughing and said, "You can say whatever you want? What are you worried about?"

Hearing this, Zhang Yida didn't hesitate anymore, and said solemnly:
"The loan industry is the most suitable for Uncle He!

If he wants to continue working in the loan industry, he can come to work in our company.Yimin Financial Service Group has Yimin Puhui and Huinongdai, both of which focus on offline loans.

Yimin Puhui focuses on consumer loans for urban residents, while Huinongdai provides entrepreneurial loans to farmers.

The business of the two companies will cover the whole country in the future, and they will open up branches in various provinces and cities.If Uncle He is interested, he can choose from both companies, and I can also give him a province to manage. "

He Qingxuan thinks this is also very good. If he manages a province, the scale may be even bigger than that of Jingrui Loan Company that his father used to have.

It is Dad's favorite loan industry.With something to do, he wouldn't stay at home every day and sigh.

Thinking of this, He Qingxuan looked at Zhang Yida with sincere eyes, and thanked:
"Zhang Yida, thank you for your help!"

Zhang Yida waved his hand to express that it was nothing serious, and he didn't need to move the heavens and the earth.

He Qingxuan raised a goblet full of red wine and clinked glasses with Zhang Yida, saying:

"Toast to you!"

After speaking, he drank the red wine in the glass in one breath.

After a while, two red clouds rose on her face, her beauty was incredible.Biting his lower lip, he said again:

"Can you do me one more favor?"

"Tell me." Zhang Yida was eating with his head buried in his knife and fork.

"I want to deal with Liang Weimin. He almost caused my father to go bankrupt. I must not let him go. Can you give me an idea?"

He Qingxuan said bitterly, and then looked at Zhang Yida expectantly.

(End of this chapter)