Chapter 77: Taking Stock of Assets! Buying a House!
However, during this period, Lin Yi had not touched any of his overseas funds.
At this moment, his overseas wealth, comprising proceeds from selling weapons on the DWS platform plus deposit margins prepared by various nations for the auction, totaled...
...126 million US dollars.
Of this amount, 70 million dollars were deposit margins.
The Double Eleven event earned over 30 million US dollars.
The final 26 million US dollars represented the actual profit recently generated from arms retail.
Do not underestimate this profit.
It can be said that every single day, the order volume on the DWS platform is increasing.
It presents a harbinger of a massive explosion.
It can be said that in less than a month, Lin Yi has profited over 26 million US dollars from it.
Saying he earns a fortune daily would not be an exaggeration.
However, Lin Yi has never brought this money back to the domestic market.
Instead, with the system's help, he made this money vanish through US stocks and commodity futures.
In Lin Yi's view, although this money, aided by the system, would be legal and compliant even if brought into the country,
frequently pulling money from abroad might be fine once or twice,
but over time, as the amounts grow larger, it will inevitably alert relevant departments to launch an investigation.
After all, the nation's banking regulatory system is not merely decorative; it serves a real purpose.
At this moment, on Fengyi Technology's books, there remains over 30 million from the advance payment of Huawei's first batch of orders,
as well as over 40 million from orders placed by various mobile phone manufacturers.
This figure is still limited by production capacity; otherwise, it would be even higher.
In addition, regarding the military's 50 million order, 5 million in advance payment has already arrived.
Adding the money in Lin Yi's own ICBC bank account,
Lin Yi currently has approximately 87.6 million in available funds.
Of course, with the delivery of the first batch of orders,
Fengyi Technology will expand by two more large-scale production lines next month.
This will enable a monthly output of 500,000 units of the new mobile phone lithium batteries.
According to the profit margin currently calculated by Fengyi Technology,
factoring in costs, labor, production line depreciation, utilities, and so on, the cost of an 8000mAh battery is 13 yuan.
However, selling them to mobile phone manufacturers like Huawei and Lei Lei Xiaomi fetches 99 yuan.
The profit margin is 661%; after expanding the production lines,
Fengyi Technology's monthly profit will be 43 million.
The annual profit will be 516 million Chinese yuan.
Although this pales in comparison to the arms trade, this money constitutes Lin Yi's legal income,
which he can dispose of at will.
Furthermore, do not underestimate this 516 million in profit.
While many internet enterprises currently appear to have high valuations, many are still losing money.
Those companies are selling concepts and PowerPoint presentations.
If we truly discuss profitability, Fengyi Technology leaves them far behind.
Moreover, this is just the beginning; as Fengyi Technology enters the cylindrical battery and blade battery industries in the future,
seizing the opportunity in the electric vehicle sector, battery orders will surely skyrocket.
At that time, relying on the new lithium battery technology and the national "Dual Carbon" reduction policy,
Fengyi Technology will absolutely be able to seize the largest share of the gold mine in the battery industry within a very short time.
However, at this moment, Lin Yi is preparing to settle down and establish a home in Modu first.
Ever since leaving Modu University of Technology, he has been residing within the Fengyi Technology company premises.
This was mainly because work during the startup phase was extremely busy;
at that time, the company framework had not been fully established, requiring him to handle many matters personally.
It made Lin Yi wish he could become proficient in everything.
However, things are different now with the arrival of CEO Yang Chen.
Lin Yi has basically handed over all affairs of Fengyi Technology to him,
after all, professionals should manage professional matters; as a professional manager, Yang Chen far surpasses Lin Yi, a student of mechanical automation, in management expertise.
Under his management, the entire Fengyi Technology has become well-organized.
Different levels handle different tasks, refining company management and implementing a responsibility system.
Incidents like the laboratory mistakenly taking the wrong battery for testing will never happen again.
More importantly, since Yang Chen was recruited through the system, his loyalty can be said to be 100%, so there is no need to worry about betrayal.
Naturally, Lin Yi is willing to entrust him with great authority; only for extremely major matters, such as cooperation with the military,
might Yang Chen be unable to make the decision alone, requiring Lin Yi to make the final judgment.
However, as a result of this, Lin Yi himself has found himself with more free time.
This allows him to focus more on the arms trade.
November 29th happened to be a Sunday.
In the morning, Lin Yi took Driver Master Hou's Audi A8 to the East Gate of Modu University of Engineering.
At this time, December was just around the corner.
The weather in Modu today was exceptionally cold, with an outdoor temperature of only around five or six degrees.
When Lin Yi arrived at Modu University of Engineering, he saw Han Han Han Yajing,
wearing a blue, thickened woolen coat in a girlish style, straight legs clad in jeans, and a white woolen hat on her head adorned with two small pom-pom tassels.
Perhaps because the morning air was somewhat cold,
Han Han Han Yajing blew warm breath onto her hands.
However, upon seeing an Audi A8 approaching her, she excitedly trotted over.
Lin Yi immediately opened the car door to let her in and warm up.
Instantly, the heater inside the vehicle made Beauty Han feel much more comfortable.
"You haven't eaten yet, have you!" Lin Yi asked.
"Mm!" Han Han Han Yajing nodded.
"Driver Hou, go to that breakfast shop near the subway station...!" Lin Yi instructed.
"Yes, Boss!"
Thus, the vehicle headed toward the subway station near Songjiang University City.
Having lived in Modu for over two years, Lin Yi felt this place had the best taste.
When the two arrived, they saw a breakfast shop with nice decor.
After Lin Yi and his companion went inside and found two seats,
it was evident that business was excellent since the shop was located at the subway station.
In the past, if Lin Yi went out for part-time work in the morning, he would run here to buy breakfast.
Most importantly, it was inexpensive.
"One bowl of salty soy milk, two sesame balls, and one steamer basket of alleyway small meat buns. What about you? What would you like!?"
After ordering, Lin Yi asked the beauty beside him.
Han Han Han Yajing glanced at the menu:
"One bowl of salty soy milk, and two egg yolk shumai!"
So, after Lin Yi paid, they sat down.
"Lin Yi, you still haven't told me where we are going today?"
Han Han Han Yajing said.
"Wait until we finish eating and arrive at the destination, then you will know!"
Lin Yi said.
Hearing this, Han Han Han Yajing smiled and said:
"So mysterious!"
"Of course!" Lin Yi chuckled, then as if thinking of something, he added:
"By the way, I heard that because of the photos, even celebrities are paying attention to you!!"
"Yueyue must have told you, huh, huh!"
End of Chapter
