Chapter 656 Everyone is making money, only Wancheng Jiye is losing money

Huanyu Group's current main revenue still comes from their battery business, and the battery business alone has brought them 400 billion yuan in revenue.

With the revenue from the battery business, Huanyu Group has become the world's largest battery company in one fell swoop, and it is also the battery company with the highest profit in the world.

In fact, the global battery industry was not so exaggerated in the past, and the global battery business may not have so many combined. The current performance is so good, thanks to the explosion of electronic products that require batteries.

Most of these electronic products that have a strong demand for batteries are produced by Qinglong Technology Company, which has led to the explosive growth of Huanyu Group's battery business.

Among them, handheld game consoles and notebook computers have the strongest demand for batteries, and they still use expensive plasma batteries. Others such as music players, wireless earphones, etc. also need the support of high-performance batteries.

As for their lithium iron phosphate batteries and nickel-metal hydride batteries, neither sales revenue nor profit margins can be compared with these high-end batteries.

In addition to the battery business, their freight vehicles also went on sale in October this year. With their excellent handling, fuel efficiency and advanced design concepts, they have been sought after by the market since their launch.

The production capacity of a quarter is 500,000 vehicles, and basically all of them are sold out. The largest customer is not the e-commerce company, but Wancheng Foundation.

Wancheng Foundation itself is engaged in construction, and has a huge demand for road transportation, which is much larger than that of e-commerce companies. Most of the transportation tasks in the past were completed by renting cars.

In fact, they have long wanted to buy a car, but because the current domestic transportation vehicles do not meet their wishes, and they also know that Huanyu Group will start producing high-performance transportation vehicles soon, they simply waited.

After Huanyu Group's transportation vehicles rolled off the production line, they ordered 150,000 units directly, and originally ordered more, but the production of transportation vehicles suitable for them was limited.

The E-Commerce Company ordered 100,000 cargo transport vehicles, but this order is produced on demand, because many of the vehicles will be used abroad and must meet the standards of each country.

The remaining 250,000 were only digested by the market, so the supply in the market is in short supply. With the rapid development of the domestic economy, the demand for freight is very high.

However, domestic transport vehicle manufacturing is relatively backward, and the production capacity cannot keep up with market demand. In many cases, satisfactory transport vehicles cannot be purchased.

It can be said that the launch of Huanyu Group's trucks has greatly eased the market's demand for trucks, but they will not expand production significantly.

my country's demand for freight vehicles is about 25 million. Even if the average service life is 10 years, the number of freight vehicles that can be digested each year is about 2.5 million.

Their current annual output is 2 million vehicles. If it increases, either other truck manufacturers will go bankrupt, or their own trucks will not be sold.

They may be able to absorb more production capacity in the future, but they may not be able to expand within the next two years. It is necessary to determine whether their current production capacity can be absorbed by the market.

Their passenger vehicles only rolled off the production line in December, and all the 50,000 passenger vehicles produced have been digested by the market, but they have no plans to continue to expand production capacity.

In their view, an annual output of 1 million vehicles is already very large, and it is also necessary to confirm whether the market can fully digest it. If not, they must also think about how to export it, anyway, they cannot leave it in their own hands.

As for their special vehicles and passenger vehicles, they have not yet rolled off the assembly line. Passenger vehicles will be rolled off the assembly line after the Spring Festival, and special vehicles will still be in the back row.

Although these vehicle models have different prices, the cheap ones only cost more than a few hundred thousand yuan, while the expensive ones cost millions of yuan. Regardless of the sales volume of only 550,000 vehicles, they have brought them a revenue of 270 billion yuan.

The rest is the motorcycle business, which brought them 30 billion yuan in revenue last year, which is quite satisfactory.

After all, this industry is now competing with each other in the country, so they have to expand overseas markets.

Huanyu Group, which needed money from him the year before last, generated 700 billion yuan in revenue last year, not only turning losses into profits, but also achieving substantial profits.

Because they control the entire industrial chain and technology, their net profit margin is much higher than that of their peers. Products can be sold at high prices, but production costs can be reduced to the extreme.

Therefore, their overall net profit rate is 20%, and their net profit is about 140 billion yuan. Ye Shu doesn't like this net profit, and they don't plan to let them turn over the profit.

In fact, their net profit is more than that. The main reason is that their investment scale was very large last year. Building production bases, expanding overseas sales channels, building 4S stores, etc. all cost money.

New Oriental Education Group also delivered impressive results last year, achieving an annual revenue of 200 billion yuan. The main business is still from overseas markets, and domestic revenue is negligible.

Since the main revenue comes from online business, their net profit margin is also very high, reaching 60%, achieving revenue of 120 billion yuan.

Last year was just the beginning. If they do a good job in global marketing, it is possible to double their revenue this year, but he doesn't force it, as long as they don't lose money anyway.

After earning so much money last year, Yu Minhong should build his own headquarters this year. Even if they want to build a vocational school, their funds are sufficient.

But even so, it seems that they still have a lot of money. Although he asked to reserve a certain amount of funds, there is no need to reserve so much, which would be a bit wasteful.

So he asked for some funds to support domestic compulsory education. Before that, only the Taiji Group was doing it. Last year, the donated funds had exceeded 10 billion yuan.

He plans to ask New Oriental Education Group to also spend 10 billion yuan to support domestic compulsory education, but instead of directly donating money, he plans to purchase a batch of educational terminals and donate them to poor families.

Calculated at 700 yuan per terminal, more than 14.2 million devices can be purchased, which can help tens of millions of students use smart education services.

Doing so can not only help children from poor families, but also promote its own smart education platform, and it can also bring benefits to Qinglong Technology Company, which is a win-win situation.

As for finding impoverished students, it is actually very simple. You only need to rely on the data of Taiji Group. The charity they do every year will record the basic information of each student.

They will visit regularly every year to see how the student aid works. Although they cannot guarantee that all of them are true, the reliability is still very high. They are quite diligent in doing this.

Of course, they will definitely not do it themselves, but will hand over the donated products to the "Hope Project", which will be supervised and implemented by Taiji Group, and they will also pay attention to relevant data.

For the remaining half of the funds, he asked to continue to invest in education. In addition to the existing vocational education and higher education that will be enrolled soon, he also needs to prepare funds for compulsory education.

Wancheng Foundation will complete some buildings this year, and the supporting schools, kindergartens and other facilities will be basically completed simultaneously. At that time, the operation of these schools will be transferred to New Oriental Education Group.

It is impossible for Wancheng Foundation to donate for free. New Oriental Education Group needs to spend money to buy these fixed assets, and then purchase facilities and teacher recruitment, etc., which cost a lot of money.

Since their compulsory education business has not yet been launched, they cannot carry out non-profit operations, and it is impossible for the government to provide subsidies in the short term.

Even if it is transformed into a non-profit operation, limited to the current policy, it is impossible to obtain financial support from the government. There is no such thing as inclusive education now.

Therefore, for a long time to come, the compulsory education business they operate will still exist as a profit-making institution, because whether it is a profit-making institution or not will not have a great impact on them.

If there is appropriate policy support in the future, they will change their business qualifications. However, they are currently operating these businesses without seeking to make money, as long as they can maintain operations, and they may even put some money into them.

As for how they allocate, Leaf Book doesn't care, they know the actual situation best, and it is more reasonable for them to make detailed allocation.

At the same time, he also instructed New Oriental Education Group to control the net profit margin in the future, not to make it so high, and to make good arrangements for the use of funds in the process of operation.

They are different from other companies in nature. There is no need to wait until the end of the year to see if he wants to take away the profits, and use them all for his own use. It is meaningless to pursue net profit margins. It is enough to only leave reserve funds every year.

Next is the annual report of Wancheng Foundation. Their annual report is also a bit complicated. The main reason is that there are a lot of messy businesses. As long as they are detailed, they will appear a bit bloated.

He looked at the important data directly, and he didn't bother to pay attention to the details. Anyway, these annual reports are generated by the intelligent management system, and the data will definitely not be faked.

As expected, last year they were in a loss state. Last year, Wancheng Foundation received a total of trillions of yuan in investment, because they basically operated the entire industrial chain except that the steel was not smelted by themselves.

As a result, most of the money spent on their real estate business is still earned by their industrial chains, but these industrial chains also have to pay taxes after making money.

If the real estate business is excluded and the business of the following industrial chain is calculated separately, the total revenue is 1 trillion yuan, of which 800 billion yuan comes from the real estate business of Wancheng Jiye and domestic real estate companies.

It mainly comes from the real estate business of Wancheng Jiye. As for the income contributed by other real estate companies, it is negligible. It must be known that other real estate investments last year were less than 20 billion yuan.

Now Wancheng Foundation can be said to be the absolute main force of investment in the domestic real estate market, accounting for about 98% of the scale of real estate investment, which shows his investment in the domestic real estate market.

The remaining 200 billion yuan mainly comes from overseas income, of which Japan contributed 100 billion yuan in revenue, and the main purchase was their shockproof devices.

We must know that a set of ordinary anti-vibration devices costs millions of yuan domestically, and the export price is even more expensive, requiring more than two million yuan. They actually ordered more than 10,000 sets last year, and the demand for this is very strong.

For earthquake-prone countries like these, anti-seismic devices are simply a blessing for them, even if they are a little more expensive, they are willing to buy them, because they can save costs elsewhere.

They are willing to spend so much money to buy so many anti-vibration devices. They must have conducted anti-vibration experiments to confirm that the equipment of Wancheng Jiye is real and effective.

In the future, Japan will be the main export market for this kind of equipment. They also have the ability to buy this kind of equipment. If it is other developing countries, even if it is an earthquake-prone area, it is unlikely to buy this kind of equipment.

The business of the remaining 100 billion yuan is relatively complicated, but it mainly exports their advanced building materials, and also includes earthquake-proof devices purchased by other countries.

It seems that the overall profit and loss balance has been achieved, but in fact, production costs, tax payment costs, and real estate business labor costs are also included.

In fact, they had a net loss of 600 billion yuan, leaving only 400 billion yuan in revenue for the overall system. This 400 billion yuan has also become the assets of the entire industry chain, and there is very little cash left in their hands.

He doesn't bother to talk about other miscellaneous businesses, such as China Xiaodangjia, Juewei Food, Xingmiao Aquatic Products, etc. These incomes are not in his eyes, just understand the situation.