Chapter 665 [If nothing happens, another accident will happen]
It is worth mentioning that the current asset structure of Qunxing Capital is still mostly overseas, accounting for about two-thirds. The asset size is approximately more than 310 billion U.S. dollars, which is close to 2 trillion yuan, excluding exchange rate changes.
This money is in an offshore state and has not returned to the mainland, so it is not reflected in the country's GDP data. If it is reflected, it will be reflected in the GNP data, but it is not reflected in this aspect, because most of them are invisible assets.
If you don't take the initiative to expose yourself, it will be difficult to be penetrated.
There is only one situation that will be reflected in gnp, such as planning to expand into the African market, purchasing local natural resources, contracting mines and other physical assets. This is generally difficult to hide.
Fang Hong has no intention of returning all assets to the mainland. At least half of them must be offshore. Only in this way can we calmly deal with any emergencies.
The income of Qunxing Capital has exceeded the trillion level, and the amount of taxes paid by the company has also reached a historical record. Moreover, Fang Hong requires that "all dues be paid and no leaks are stolen." The actual tax revenue generated last year reached 325.256 billion yuan.
What is this concept?
In the past year of 2011, Xincheng's total fiscal revenue for the year, excluding the tax paid by Qunxing Capital, was approximately 139 billion yuan. Qunxing Capital's tax payment was twice the total fiscal revenue of Xincheng other than Qunxing Capital.
So many.
Compared with the fiscal revenue of "Magic City" in 2011, which was about 340 billion yuan, the difference is only about 15 billion yuan, which is equivalent to the fiscal revenue of "Magic City", a super metropolis with a population of more than 20 million, last year. This is
The city is also one of the most economically developed cities in the country.
Or perhaps the tax payment scale of Star Capital last year could build 15 aircraft carriers.
It would be outrageous if this were disclosed directly. You are 100% "blackballed" by the United States. I know that your kid must have made a lot of money in the global market, but he didn't expect to make such a big profit? I can't bear it!
You must be blacklisted, sanctioned, and suppressed three times in a row. Anyone who hesitates is disrespectful to you.
However, Qunxing Capital currently has two account books, and the tax is also based on the two account books. The tax revenue of 325.256 billion yuan is divided into 97.577 billion yuan and 227.679 billion yuan.
Of this amount, 227.679 billion yuan is not shown and is directly transferred to the national tax and into the national treasury.
The remaining 97.577 billion yuan shows that this is an open account, and this part is divided according to the 64% split between national tax and local tax, that is, the national tax deducts another 658.546 billion yuan, and the remaining 39.031 billion yuan goes to Xincheng local tax.
In other words, last year in 2011, Xincheng's fiscal and tax revenue totaled about 178 billion yuan including Qunxing Capital. Xincheng Capital is still the largest taxpayer on the surface.
As for Qunxing Capital's total actual tax amount of 325.256 billion yuan, the national tax actually took away 286.225 billion yuan, accounting for 87.99%. It can be said that the absolute majority went to Zhongyang Finance.
If divided according to normal circumstances, Xincheng local tax can be allocated to 130.1 billion, which is equivalent to a loss of 91 billion in tax revenue.
The Xincheng local tax seems to have suffered a big loss, but if you look at it from another perspective, it is a different story.
It’s great that companies like Qunxing Capital are not directly included in the national tax. At least now they are still owned by Xincheng local enterprises, and can be allocated 39 billion according to local areas, and this is already a huge astronomical figure. Directly transfer Xincheng’s
Fiscal and tax revenue increased to 178 billion yuan.
The actual situation is already very generous, and the scale of the new city's fiscal revenue is already at the level of a first-tier city.
Today's Qunxing Capital is no longer a local company. It is a highly valued existence in gwy. There is no way, because it is really profitable.
The amount of taxes paid alone has now exceeded 300 billion, and it has continued to grow year after year. It is not an exaggeration to say that it is a cash cow for the national treasury, and it is impossible not to pay attention to it.
More importantly, most of the money is still being earned from overseas.
…
But at this moment, Tian Jiayi continued to report to Fang Hong: "... In addition, the company has invested in more than 1,898 projects as of December 31, 2011 in the established 'eight strategic investment directions'."
Tian Jiayi said methodically: "To be specific, there are 854 companies that have survived the A-round financing stage, with a passing rate of about 45%; among these 854 companies, 427 have survived the B-round financing stage, with a passing rate of about 50%; of these 427
There are 307 companies that have survived the C-round financing stage, with a pass rate of about 72%. As for the D-round financing stage, most of the money from the C-round financing has not been exhausted, and 36 companies have passed the D-round financing.”
Fang Hong nodded silently. Star Capital made nearly 1,900 investments in the angel round stage. Most of these nearly 1,900 start-up companies were in the first round. A large number died in the pre-A round, and a large number died in the A round of financing.
But after surviving the A-round financing stage, an inflection point appeared. The survival rate of these startups began to increase. About 50% of the companies received B-round financing, and more than 70% of the companies that survived the B-round financing
The company successfully passed the C round of financing.
The main focus of Stars Capital's frequency of transactions is large quantities. If every start-up company is counted as a sample, the samples held by Stars Capital already have statistical probability convergence.
The reflection in the data is that the survival rate of enterprises increases significantly in the later financing stages. For example, the survival rate in the C round financing stage exceeds 70%. It is foreseeable that the survival rate in the D round financing will also increase significantly. It is estimated that
It is above 85%.
This is very normal. Statistical data also fully proves that the risk of early investment is huge. In many cases, the angel round stage can be said to support the "dream" by investing a sum of money. Whether it succeeds or not depends mostly on destiny, so it is called
Angel round financing.
This chapter is not over yet, please click on the next page to continue reading! In fact, most targets cannot survive the pre-A round. This is why you invest less money and get more equity in the angel round stage, because the risk at this time is called
It’s huge, and it’s basically the investors who bear the risk.
When it comes to the later pre-A round, A round, B round, C round, D round... The later people get on the bus, the smaller the risk of loss, so at this time, if you have the same amount of funds, you will get less equity.
More means making less money, after all, the risk is smaller.
The data compiled by Star Capital from nearly 1,900 investment samples fully reflects the phrase "high risk and high return, low risk and low return".
It is worth mentioning that the targets invested by Qunxing Capital that can survive the C-round financing stage have basically become absolute holding subsidiaries, with an equity ratio of more than 67% without exception.
Because in every round of financing, Qunxing Capital is the lead investor, and other investors who join the project are follow-up investors. Many of them are even invested exclusively by Qunxing Capital. The only investor is Qunxing, which accounts for more than 80% of the equity.
, the remaining equity is the entrepreneurial team.
The eight strategic directions of Star Capital's investments are electronic information, biology and new medicine, aerospace, new materials, high-tech services, new energy and energy conservation, resources and environment, and advanced manufacturing and automation.
Without exception, they are all about technology and high-end manufacturing, and most of them are quite expensive.
There are nearly 1,900 startups in these eight major investment directions, which seems super dense, but in fact there are not many specific subcategories, and many subcategories are not even covered.
A large investment direction, such as electronic information, can be subdivided into more than ten major categories. One major category can be subdivided into more than ten subcategories, and one subcategory can be further subdivided into several subcategories.
, these subcategories correspond to specific entrepreneurial project companies.
