Chapter 394 In April, some people are happy and some are sad
There is a formal process for releasing the official version, and to a certain extent, it will be rolled out in overseas markets first to speed up the development of developer habits. The release time will naturally not be too early.
Daytime on April 1st, Eastern Time, has not come yet.
Facebook has not made any necessary announcements yet.
Before that, Wen Liang was busy in a meeting.
Summary meeting for the first quarter of 2013.
This year's first quarterly summary meeting was not scheduled at the end of the month like last year, but on the first day of the month, which happened to be a Monday as well.
Quarterly summary meetings are becoming more and more simple, but matters are becoming more and more important.
Li Zedang first reported some key situations of Bolang Terminal: "Currently, the production capacity of Xinghai 1 has been adjusted again. Starting today, the daily production capacity will be reduced to 100,000 units. The company's own inventory has gradually decreased, currently at 1.1 million units."
"As of yesterday, total shipments were 66.2 million units, of which total overseas market shipments were 28.9 million units."
"According to feedback from China Mobile, all the 5 million units they purchased have been sold, and they plan to purchase up to 2 million more units."
"The average daily sales of Xinghai 1 in the hot-selling mall in the past seven days is only 68,000 units. Our analysis believes that it is appropriate to ship a total of 1 million units to China Mobile in batches."
"It is planned to stop OEM orders starting from May, and all production will be placed at Bolang Terminal's 'experimental factory' in Yangcheng. The official line of the factory can currently stably produce 20,000 units a day."
After Li Ze summarized, Wang Wanyu made a financial summary report.
The main one mentioned is also Bolang Terminal.
Among them, the inventory of 1.1 million units of Xinghai 1 is equivalent to a working capital backlog of about 2.2 billion yuan.
Fortunately, this has always been within the acceptable range for Bolang terminal.
After all, the total value-added tax for domestic shipments alone is now as high as 22.1 billion yuan.
The net profit in the domestic market is currently controlled at about 18.5%, which is almost 28 billion yuan.
The net profit in overseas markets is currently about 26.5%. The current total sales in overseas markets are about 156 billion yuan, and the net profit is 41.3 billion yuan.
In fact, due to export and import conditions, the overall cost in overseas markets is on average three to four hundred yuan higher per unit than in the domestic market.
Moreover, taxes have nothing to do with Yangcheng, they are all national taxes.
The amount of tax paid is not low, anyway, it is almost catching up with the profits.
Because overseas revenue has been used to purchase Facebook stocks, if by the end of the first quarter, the net profit that will be settled in the overseas market will be 45.6 billion yuan.
Calculated this year, it is exactly double the domestic market’s 22.8 billion this year!
That is, Bolang Terminal’s total net profit in the first quarter was as high as 68.4 billion yuan!
All in all, due to Bolang's crazy investment and successful business operations in the early stage, the profit in the first quarter of 2013 will be the peak of Bolang in a period of time.
At least the second quarter, which has started now, cannot be surpassed in any case, because there are no plans to release new mobile phones.
The third quarter is also very difficult.
It will probably take until the fourth quarter to narrow the gap, and it may exceed it depending on the situation. After all, the market is saturated.
And this year is actually quite embarrassing for mobile phone manufacturers. The issuance time of 4G licenses will affect many things.
However, Bolang Terminal has cooperation with China Mobile, and there may be a proper solution by then.
In addition to comprehensively reporting on the revenue, operating profit, net profit, etc. of Bolang Terminal, Wang Wanyu also naturally mentioned the ecological revenue status that has been integrated into the applied Internet ecosystem.
can only say,
so so.
Covering such a wide range, including even bti targeting overseas markets, its revenue in the first quarter was only more than 17 billion yuan.
This revenue statistics is fully calculated and external.
Moreover, the net profit margin is very low, which is far from that of White Goose. White Goose’s net profit is now basically maintained at around 25%, while Bolang’s net profit is less than 17%.
That is to say, the profit of the application Internet ecosystem in the first quarter was only 2.9 billion.
However, it can still be said that 2013 is off to a good start!
"With a total net profit of 71.3 billion, it seems that there is no shortage of money this year." Wen Liang said with a smile before others reported, "We have invested enough in the upstream research and development of semiconductors and the initial expenses of the super headquarters, so we can increase the investment
Invest in consumer electronics."
Wang Wanyu quickly said: "Net profit is net profit, it does not represent the funds available in the company's account. The RMB 45.6 billion in overseas markets is still on the way, and the largest one is in the settlement with Facebook."
Wang Wanyu seemed to be saying from every pore that the company was still very poor.
"Mr. Wang, don't get excited. What I mean is to increase investment in product line construction. It won't cost much. A personal computer CPU, GPU, a server CPU, plus several corresponding industrial chains, will cost at most 20 billion."
It can be done."
Wen Liang said bluntly.
"In my opinion, these things that are not technological innovations, all they require is throwing money, throwing money, throwing money."
"Whether you are a mathematician, a physicist, a materials scientist, etc., in the final analysis, you are spending money, so the second step is to increase cooperation investment in university research platforms."
"I won't go into more specific details. Anyway, you can use the company's profits to turn the plan into reality as soon as possible. As for those additional plans, I propose that I will be responsible for finding the money."
When Wen Liang said this, Sun Baoyin, Tang Pu, Chen Jiaxin, and Qin Zheng looked at each other, and then said in unison: "Then we don't need to report."
Then Chen Jiaxin and Tang Pu started to complain.
"It's time for Bowen and the others to come back, especially Lao Zhang. The Xingchen system can't be fixed yet!"
"Yes, if these money-burning people don't come back, how will we distribute it?"
"It's not Wumi now, it's people."
Wen Liang glanced at a few people: "Don't mention this to me. Find the right people. The global job fair only recruited 2,000 people in two months. It's too inefficient."
"That's it for the meeting."
Finally, Wen Liang mentioned: "Since there is so much profit in the first quarter, we will distribute this year's dividend all at once and not distribute it in the next three quarters. It will be 5 billion after tax."
Wang Wanyu expressed her attitude: "No problem, anyway, the current liquidity in the company's account is more than 60 billion."
In addition to the total profit of 25.7 billion in the domestic market, Bolang actually has other money.
We raised 75 billion yuan from Yangcheng, and with Yangcheng as a guarantee, the final loan we received from various banks was just the right amount of 75 billion yuan.
Anyway, the land is there. No matter what happens, the value of the land will gradually increase. Secondary mortgage of development funds is not allowed, so the bank has no risk.
Of these 75 billion, only more than 40 billion were ultimately allocated for research projects.
There is still a net balance of more than 30 billion.
For such a large company, it is impossible to only have net profit left in the account. Compared with net profit, there is also the concept of gross profit, which adds up to more than 60 billion.
Being gentle doesn't matter.
Anyway, money must be spent as soon as possible in order to build the company system faster. Bolang does not need such a high reserve of cash flow now.
This does not include the more than 40 billion overseas, and the total is more than 100 billion in cash...
Too much.
You need to spend money on research quickly.
If a team can't handle the same project, just throw in three, five, or even ten of them, and they'll definitely be able to handle it.
Where are you now?
There are too many things left unfinished.
Finally, after the dividends were paid out, Wen Liang had another 2.7 billion in cash.
His shareholding amount is 34% + 30%, of which 10% is rotated to employees for free to obtain income, and only 54% of the share is in his hands.
The co-founder team received 1.725 billion, of which Wang Wanyu could receive 181 million.
It’s a prosperous start to the year and you can spend the whole of 2013.
So... you can really make hundreds of millions of dollars by making mobile phones.
Without the mobile phone business, Bolang's revenue, although still considerable, is completely incomparable to what it is now.
Bolang initially picked Apple as its target opponent and went directly to the high end, which was actually a clever move.
As long as the high-end impression is established, the profit margin will naturally be there.
Now, as long as the Xinghai brand maintains its price, it will always be considered high-end and a competitor to the iPhone 5. Eventually, even the iPhone series will be considered a competitor to the Xinghai series.
Price means high-end is a very straightforward concept that cannot be explained.
For example, the Juchang Mate series in later generations is priced at more than 6,000. In the 5G era, 4G is also priced at more than 6,000. No matter how you spray it, the high-end impression will naturally be fixed. Who would think that the Juchang Mate is low-end?
Gone.
Wen Liang knew from the beginning that high-end is not entirely equal to stacking materials, not entirely equal to configuration, and not entirely equal to experience.
The lowest starting price of the product series is the first.
Cost-effectiveness and high-end must be contradictory.
The more contradictory point is... high-end is actually largely equal to the level of the 'admission ticket'.
The whole world knows that Apple's electronic products are very, very poor in cost performance, and the standard configuration is very very expensive, which is beyond the reach of the general audience.
However, what’s interesting here is that the price of Apple’s top-end electronic products is at the same level as the top-end products of its competitors, and there is not much difference.
Even a screen that costs tens of thousands of yuan a piece.
Products of other brands with the same quality are priced... about the same.
…………
Xunsi just started the new year, there were a lot of things to arrange, and the employees were very busy, so Wen Liang only initiated a live all-staff meeting with a quota of 30 minutes.
At the beginning of the meeting, Wen Liang said straight to the point: "There will be an extra bonus in the March performance salary that everyone will receive this Friday. The total bonus is 525 million, which is basically an equal share."
"Secondly, the first quarter list for TUP and other plans has been released. Please check your email. The list is public."
"Some colleagues who received options last year should check their emails. Your exercise period has arrived in advance, and the list will be announced later."
"Finally, congratulations to 51 colleagues including Yang Xingshan, Dai Li, and Lin Tong for receiving a small amount of free equity incentives and part of paid equity incentives. The latter can be directly converted into TUP, but cannot be converted into option form. Considering that the company's overall valuation is relatively high,
Can be kept for 6 months.”
In fact, there are not many paid equity incentives. The most received is only 2,500 shares, accounting for one-four millionth of the total share capital.
This ratio is appropriate.
Because in the next many years, only 32% of the total share capital will be distributed, which is only 32,000 shares per person of 100,000 people.
Bolangguang's own factory has a vision of employing as many as 600,000 people.
It cannot be said that just because a person is a workshop worker, he does not deserve even a tiny bit of the means of production. This is obviously inconsistent with the purpose of the distribution system.
Therefore, in order to optimize the distribution system, the Finance Department made at least 10,000 models.
Fortunately, there is Zheng Qi.
She is very good at mathematics. She led the team to continuously calculate various values and then provided references.
Although the share of paid equity incentives is not large,... Bolang Group's current internal valuation is not low. It has now been determined to be a value: 700 billion.
It costs 70 yuan per share.
2,500 shares cost 175,000.
Moreover, this money was not given to the company. Wen Liang used his own equity in exchange for it. He gave it to all employees of the company. There was a free part and a paid part.
After all, the reward is now divided into two parts, one part is free and the other part is paid. If you are not willing to buy it, you can also switch to the tup plan, that is, you can enjoy the share dividends for the next two to three years for free.
After nagging about the things that concern everyone's interests, Wen Liang went directly to the online office: "Everyone can now feedback your demands."
It's much better this time.
At least I don't have to lose my temper.
There will always be dissatisfaction.
Just take your time and adjust.
In fact, there are also people who are unreasonable and troublesome.
To deal with this phenomenon, Bolang's approach is to deal with it through the moral compliance department from bottom-up to top-down.
The serious meeting only lasted 30 minutes before the all-member live broadcast meeting ended.
…………
"I should be able to completely relax in the second quarter."
After finishing his work, Wen Liang slumped in his chair, his mind already beginning to fantasize.
"The things I have to do have nothing to do with me, and I don't have the foundation to find work on my own for the time being. I should be able to fish for three days and dry the net for two days."
As he spoke, Wen Liang sighed again: "Looking at the company headquarters building here in Huacheng Square, it is almost topping out. Times have changed."
The ground construction of the Bolang Headquarters Building went much faster than expected. The original so-called five days for one floor was really super slow.
After all, when the Diwang Building with a structural height of 384 meters was built in Pengcheng in the 1990s, the ground construction required two and a half days for one floor, which set a new pace for the Guomao Building, which took three days for one floor.
Bolang's headquarters building in Huacheng Square is only 182 meters high on the ground, with 36 floors planned. At the end of December, the underground construction was completed and the ground construction started. Now more than 90 days have passed, which can be regarded as a slow and leisurely pattern. It will be topped out in another ten days.
Because of abundant funds, not long after the ground construction started, the decoration work of the underground construction started directly.
Now even the decoration work on the lower floors has been started in stages for a long time.
In short, the current plan is to launch it in time for November this year.
As long as the money is in place, the 36 floors can even be divided into 36 projects to be renovated at the same time. The actual time cost is only the time it takes to renovate one floor.
In the 1990s, the Rendiwang Building only took 10 months from topping out to complete completion. It was still 69 stories high. uukanshu.com www.uukanshu.com did not have the tactic of starting renovations on the 69th floor at the same time.
After talking about it back and forth, Wen Liang suddenly muttered: "I always feel like I forgot something today."
Facts have proved that people don’t talk about it.
Within two minutes, the phone rang.
It was brought here by the old man.
"Mr. Miao, good morning, Mr. Miao." Wen Liang greeted warmly. It's okay now. It's good to call Mr. Miao.
Of course Lao Miaotou didn't mind, he just said: "Boss Liu has resigned from the position of chairman of Weiluo Holdings. The position of chairman of Weiluo Group is under discussion, and an announcement is expected to be made next week or so."
Wen Liang stopped paying attention to this matter for a long time, but he didn't expect it to be settled today: "He is really strong, and he can actually delay it until today."
Lao Miaotou said bluntly: "That's not the case, it's because there is no suitable replacement candidate. Some people even want to push you out of the way to block the gun."
"You are really not a human being." Wen Liang clicked his tongue in amazement, "You still know how to play. This stall is a bit messy, but it is still useful to repair it."
The old man laughed: "Some people also elected you for this reason. Now the chairman's seat is temporarily vacant, and a joint team sent by the state-owned assets and several other units has taken over temporarily."
"Speaking of which, your visit to Beijing, Mr. Chen, was quite peaceful. He didn't express much in the past ten days or so. He's not as sharp as you."
Wen Liang smiled and said: "We need to be steady this year. We have a lot to do. It is not appropriate to continue to be high-profile. Let's wait until next year."
Then Wen Liang took the initiative to end the call: "No more words, I'm going to greet Boss Liu who is in a bad mood."
