Chapter 143: Funds are in short supply, refinancing!
"This is the list of Du Ruiwen's team and the details of the placement fee. Take a look."
Jiang Yue handed over a document.
Zhang Shuo just took a casual glance and found that the placement fee for most researchers was 1 million, and for a few key researchers, it was 3 to 5 million. Du Ruiwen was the only one who was approved for 10 million.
Total estimated expenditure is $75 million.
Including the cost of acquiring Raven Studio, the total expenditure is 250 million.
If you include the 1.5 billion construction expenditure of the data center project, in order to enter the field of cloud computing and get a ticket, a huge amount of nearly 1.8 billion was spent at the beginning.
This kind of courage is truly difficult to match among domestic Internet companies.
"It's all approved."
Zhang Shuo did not hesitate, signed and confirmed on the spot, and at the same time told Jiang Yue: "The holding company will allocate 100 million in start-up capital to Qingyun Data. In addition to paying the resettlement fee, the rest will be used as the company's operating funds."
After excluding the resettlement fee of 75 million, there are only 25 million operating funds left.
It seems very little.
When Liu Xiaohui went to the capital to prepare for the establishment of Fire Phoenix Studio, he received a start-up capital of 10 million.
But that’s not how the accounts are calculated.
First, before the completion of the data center project, Qingyun Data will focus on research and development, and it will work in its own property in the Germination Building, and its main expenses will be salary expenses.
After the second Qingyun data is activated, you can sign a server rental contract with Qinghe Technology and Jade Bird Interactive Entertainment next month and receive an advance payment.
Once the data center project is completed, it will basically be responsible for its own profits and losses.
The key is.
There is not much money left in the account of Sprout Holdings.
【Host】: Zhang Shuo
[Reputation]: Level 2 (8750/)
[Level]: Level 8 (305,000/1.5 million)
--slightly--
[Support Fund]: 5 million/day
【Cash】: 320 million
[Loan]: 2.6 billion
[Holding Company]: Sprout Holdings (100% controlling shareholder) [under the jurisdiction of seven 100% controlled first-level subsidiaries including Jade Bird Interactive Entertainment, Qingcheng Retail, Qingcheng Technology, Qinghe Technology, Sprout Real Estate, Jiaoyang Holdings and Qingyun Data
company】
[Stockholding companies]: Wujiang Technology (35% of the shares), Haode Map (10.5% of the shares), Walli Intelligent Manufacturing (35% of the shares)
It's been over a month.
Sprout Holdings spent 450 million to invest in Haode Map, 40 million to invest in Wali Intelligent Manufacturing, 300 million to Jiaoyang Holdings, and 300 million to Chunmiao Fund.
There are also monthly progress payments of RMB 50 million for Germination Building, as well as daily expenses such as annual meetings.
1.1 billion of funds were burned in one month.
In addition to the 150 million monthly support fund, the remaining source of income is the profit that Jade Bird Interactive Entertainment turned over to the holding company in January, which reached a record high of 180 million.
certainly.
This is also due to the continued popularity of the mobile game market during the Spring Festival.
A monthly income of 180 million may seem like a lot, but compared with the gaming giant Tengda, it seems a bit insignificant.
According to publicly disclosed information, in the fourth quarter of 2010 alone, Tenda's online game revenue reached 2.786 billion, with an average monthly game revenue of nearly 930 million.
It's very scary.
This year, when the new games from the five major studios are launched one after another, the gap with Tenda should be narrowed.
Game income will still be one of the most important sources of cash flow for Sprout.
After the wanton "squandering", there was only 320 million funds left in Bu Ya's account.
That's it, another 100 million will be allocated to Qingyun Data.
There are only 220 million working capital left.
"It's time to take stock of your projected expenses for this year."
Zhang Shuo took a piece of A4 white paper and began to write calculations on it.
Among the seven first-tier subsidiaries, Qingyun Data has just planned to allocate 100 million. Unless it wants to build other data centers, it will not need to allocate any more money in the short term.
Qingcheng Retail took away a huge amount of 1 billion funds a year ago and does not need to allocate any more funds.
Jade Bird Interactive Entertainment is still making money.
Qinghe Technology took away 300 million in funds last year, because the 300 million marketing expenses during the Spring Festival were allocated from the Chunmiao Fund, so at least in the first half of the year, there should be no need to allocate anymore.
Sprout Real Estate received RMB 500 million in funds last year. In addition to completing the data center project this year, it will also start the Houhai headquarters building project. It is expected to reserve at least RMB 1 billion in construction funds throughout the year.
It is the largest expected expense.
Jiaoyang Holdings received a capital injection of 300 million years ago, of which 180 million has been used to acquire Raven Studio, and the remaining 120 million has been used for daily operations and the purchase of Artemisia Map shares in the stock market.
To reach the critical value of 5%, at least 200 million must be invested.
If Sprout has no new overseas acquisition projects this year, then Jiaoyang Holdings will be able to prepare another 100-200 million yuan, provided that the marketing expenses of Weixin International Edition are excluded.
That would be another bottomless pit.
Finally, Qingcheng Technology, which was just separated from Qingcheng Retail a few years ago, wants to be a fisherman this year and acquire 2-3 group buying websites, so it will need to prepare at least 300 million in funds.
If Qingcheng Technology wants to launch food delivery services in other cities, its expenses will have to go up to a higher level.
"1.5 billion!"
This is a conservative expenditure calculated by Zhang Shuo.
This does not include the 50 million monthly progress payment that Germination Building must pay. Added together for the whole year, that is a huge expenditure of 550 million.
In addition, there are interest payments of 2.6 billion on bank loans and expected charity funds from the Spring Miao Fund.
If all are taken into account, the estimated expenditure for the whole year will exceed 2.5 billion.
As can be seen.
Expenditure on fixed assets still accounts for the bulk of Sprout's expenses. Including the construction funds for new projects and the progress payment for Sprout Building, the two together amount to more than 1.5 billion.
In terms of expected revenue, with a monthly support fund of 150 million, plus game revenue from Jade Bird Interactive Entertainment, the total monthly revenue will exceed 300 million.
Even if the income and expenses are equal, it can still be supported, and there may even be a surplus.
The premise is.
In 2011, Germination will stop its expansion.
This is of course impossible.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Not to mention the poison pill plan that Zhang Shuo is formulating, at least 1 billion to 1.5 billion in funds will be prepared.
These are still conservative estimates.
Then there is Zhang Shuo’s ambition to enter the manufacturing industry. He cannot just stop at investing in Wujiang Technology and Walli Intelligent Manufacturing, but will also enter the fields of mobile phones and electric vehicles in due course.
Especially electric cars.
Thinking of those smug domestic brands in the original time and space, none of them could fight against Teshula.
It's really a bit embarrassing.
No matter which one of these two fields it is, it is extremely expensive.
Still that kind of thing.
Even if Zhang Shuo wants to burn money, he can't do it without Niubi's team.
He himself doesn't know anything about manufacturing.
Whether Bu Ya can enter these two industries will ultimately require some opportunities.
If you calculate it this way, the money will not be enough.
"Can you think of a way to borrow some more money this year? It's not enough."
Zhang Shuo raised his head and looked at Jiang Yue with burning eyes.
"Well!"
Jiang Yue couldn't help but put her hand on her forehead. She just saw Zhang Shuo writing and calculating, and thought he was doing some calculations. But after doing the calculations, he came to the conclusion that he should continue to borrow money.
Rationally speaking.
The profitability level of the Budding Series is already very outstanding, but Zhang Shuo can’t stand it.
It is inevitable that there is not enough money to spend.
"I will discuss it with the finance department first and formulate an annual financing plan as soon as possible." Although he was helpless, Jiang Yue could not refuse Zhang Shuo's request.
Financing enterprises is an important responsibility of hers.
Originally, this job should be left to the financial director or even the chief financial officer (CFO), but unfortunately, Sprout Holdings now only has one financial department manager position.
Even with Han Mei's level, she couldn't do such a difficult job.
The chief financial officer of a company is one of the core executives.
Another important reason why Jiang Yue agreed to the financing is that the current asset-liability ratio is not high, and most of the liabilities are bank mortgage loans, and the liquidity is sufficient.
It has favorable conditions for continued financing.
Financing is also a routine operation for enterprises. Not to mention start-ups like Moya, even giants like Tenda that have already achieved profitability have an asset-liability ratio as high as 39% in 2010.
No company has any debt.
In addition to bank loans, Sprout can also raise funds through the issuance of corporate bonds, and can even use the platform of Jiaoyang Holdings to raise funds overseas.
Financing methods can be diverse and combined with each other, and are not limited to banks.
"Then I'm waiting for your good news."
With the system in place, Zhang Shuo is the least afraid of financing.
If any bank or investment institution were willing to lend a two-year loan of RMB 15 billion to Germination in one go, he would swallow it without hesitation.
Upgrade directly to level 9. Wouldn’t it be great?
Of course this is impossible, no organization would be so crazy.
"By the way, there's one more thing."
Jiang Yue picked up the handbag placed at her feet. It was the kind customized for the company's annual meeting last year. It contained a stack of red envelopes and said, "There are still many people on duty in the company. Do you want to go and express your condolences in person?"
What was given out this time was not the new year red envelope, but the overtime consolation payment, each red envelope was 500.
Although it is not too much, it is a kind of comfort to employees who work overtime.
Overtime pay during the Spring Festival is calculated separately.
"Okay, I just want to go to various departments."
Zhang Shuo stood up and stretched, and went back home during the Chinese New Year. Although he said he was not idle at home, when he first arrived at the company, he still did not immediately regain his working-class status.
During the Spring Festival, there are many departments on duty in the Germination Department.
As for the holding company, Jiang Yue is simply a model worker. The Human Resources Director Wu Sheyuan and the Investment Department Manager Luo Changan also just returned from the beautiful country two days ago.
Zhang Shuo specially approved that the two of them can come back to work after the tenth day of the Lunar New Year and spend time with their families.
subsidiary level.
Du Ruiwen and his team have already entered the Germination Building and started overtime mode in advance.
Qingcheng Technology’s takeout department also left some people behind to maintain takeout service during the Spring Festival holiday. I heard that it was very popular with people who worked overtime in Lubei.
It created a wave of reputation.
Not to mention the technical and operational departments of Qinghe Technology.
Similarly, the Jade Bird Interactive Entertainment Operations Department and Jade Bird Studio must not only maintain the Spring Festival activities in the game, but also maintain the stability of the server during the Spring Festival.
It won't work if no one stays behind.
Sprout Real Estate is headed by deputy general manager Zhu Zhenghong, and several people stay in the project department to prevent fire or theft at the construction site during the holidays.
As for the store clerks at Qingcheng Retail, one-third of them are staying at their jobs.
It's not easy to be a worker.
Under the leadership of Jiang Yue, Zhang Shuo visited the headquarters and all subsidiaries, even the second-level subsidiaries, to express condolences. A day passed like this.
Of course, there are currently no conditions in Xiangjiang.
Zhang Shuo also used video conferencing to ask Sun Qian, who was left behind, to offer condolences on his behalf.
unconsciously.
The budding department has already spread its branches and established a large territory.