Chapter 117: Luan Weiliang's Suggestion

After Ding Kuiyong finished his report, Fu Benjing, the president of Tianqi Equipment Company, also reported:

"As of February 19th, the Xiaozhi Driving System has sold a cumulative total of 920,000 units, and the Xiaotian Flight System has sold a cumulative total of 300,000 units, with both combined generating 9.35 billion in revenue."

"Of this, 50 million is reserved as company operating capital, and the remaining 9.3 billion has been treated as profit and transferred in full to the parent company's account."

The operating costs for Tianqi Equipment are very low, consisting mainly of employee salaries, especially those of the engineers; everything else is just a fraction of the total. After all, there is no need for research and development or production, and there are not many after-sales or management staff.

Next was the report from Liu Qingli.

"The number of members for the Tiantian Assistant has exceeded 220 million. As of yesterday, the specific figures are 105 million ordinary members and 115 million premium members."

"The number of premium members has officially surpassed that of ordinary members, and the gap between the two is gradually widening."

"Over the past two months, revenue from new members has reached a cumulative 5.3 billion, and total revenue from renewing or upgrading members has reached a cumulative 7.18 billion."

"After deducting various expenses and upcoming operating costs, the remaining 12.2 billion in profit has been transferred to the parent company's account."

"Currently, the available funds in the parent company's account have reached 40.5 billion Long Coins."

"In addition, the headquarters building requires a total investment of 2.2 billion, which will also come from the parent company's account, but since the operations of all subsidiaries are currently in excellent condition, there is no need to reserve funds."

Hearing this series of numbers, even the other executives of Tianqi Company could not help but gasp.

Before coming to Tianqi Company, they had served as executives at other large companies and considered themselves to have seen quite a lot.

However.

In front of the Tianqi Holding Company founded single-handedly by Su Xin, everything they had experienced and witnessed before was merely child's play.

Three companies founded less than half a year ago, each with an average monthly profit exceeding 5 billion!

Moreover.

These three enterprises are still in a period of rapid growth, with revenue and profit continuing to rise. Calculating based on current trends, in the coming year, the net profit of each enterprise will be able to exceed 100 billion!

Such terrifying money-making ability, aside from the few dozen most profitable enterprises in the world, definitely ranks among the top tier.

But.

If these three companies are counted together, their money-making ability would definitely rank in the world's top ten.

That is to say.

Su Xin, who controls 100% of the shares of these three companies, has a money-making ability that already ranks in the world's top ten.

Furthermore, this is Su Xin comparing himself to those top multinational corporations with his own strength.

Rather than comparing himself to individuals.

Thinking of this, the executives attending the meeting felt their mouths go dry and their hearts go numb.

Su Xin is still so young.

The three companies still have immense room for growth. In a few years, or perhaps not even that long—just waiting until next year—what a terrifying level will Su Xin's net worth reach?

Hearing the figure of 40.5 billion, Su Xin also nodded with satisfaction.

"Not bad. Since all three major subsidiaries are now profitable and have begun to stabilize, I can rest easy."

"Moving forward, I will focus my energy primarily on the new company. As for the three major subsidiaries, I will have to trouble you all to put in more effort."

Upon hearing this.

The executives felt their scalps tingle even more.

They then remembered that before the New Year, Su Xin had registered a company called Tianqi Biomedical, and the company's paperwork and the laboratory under its name had already entered the approval process.

Clearly, Su Xin is preparing to enter a new industry.

They all had a premonition that the biomedical industry would also be stirred into a massive storm.

Under Tianqi Holding, there might soon be another unicorn company with limitless prospects.

With such an invincible and highly ambitious boss, the group felt both highly motivated and under heavy pressure.

At this moment.

Luan Weiliang, sitting in the corner, asked: "Boss, with so much capital in the company account, should we operate it in the financial markets? Or allocate a portion of the funds for angel investments?"

As the General Manager of the Financial Management Department, since joining the company, Luan Weiliang had only participated in the financial war in the Sakura Country stock market alongside Su Xin at the very beginning; at other times, he had almost no presence.

Especially later, when the parent company, Tianqi Holding, was established, he was promoted to the parent company, with his rank elevated to Vice President of the parent company.

Ranking only below Su Xin and the two Lius.

Equivalent to the two subsidiary presidents and parent company vice presidents, Ding Kuiyong and Fu Benjing.

Yet, he still had no presence.

In terms of departmental functions, it is slightly different from the finance department; the Financial Management Department is mainly responsible for the company's financing, investment, loans, acquisitions, and all other capital operation affairs.

But for the three companies under Tianqi Holding, since he joined the company, there had been neither financing plans nor any need for loans.

The few acquisition businesses that existed, along with capital injections when building new branches, could all be handled by experienced grassroots employees, completely failing to reflect the value of him as an executive.

At the very least, compared to the other executives, and even compared to Su Xin's secretary Feng Haifeng, his presence and value were very weak.

If things continued this way, he might be phased out before long.

Like Liu Qingli, he also wanted to increase his own value and try his best to stay in such a large company with limitless prospects.

Su Xin shook his head slightly: "I am not interested in financial games. As for angel investment, how could it compare to the return rate of starting my own company?"

"So, let the funds in the account be; I will have great use for them very soon."

Luan Weiliang persisted:

"But, there are over 40 billion Long Coins in the parent company's account. Even if the boss's new pharmaceutical company is expensive, it is impossible to use that much for a very long time."

"Moreover, the business conditions of the three major subsidiaries are all excellent, each with huge profits, creating a continuous stream of cash flow for the parent company, so the company will not lack money at all."

"If such a large amount of capital is just left in the account without moving, it is truly a waste."

"If this money is invested in the market, it can not only promote market vitality to a certain extent but also earn more returns for the company."

Upon hearing this.

Su Xin frowned slightly and began to ponder.

With funds reaching tens of billions at every turn, he no longer cared much about the interest or investment returns wasted if the money were left to gather dust in an account.

But injecting such a large sum into the market could indeed stimulate market vitality, and if used for angel investment, it might help some promising startups survive more easily.

Capital must circulate to create value.

It can not only create value for himself but also bring value to others during the circulation process.

Given Su Xin's current net worth and status, he should indeed consider his social responsibilities.

Even if not for the investment returns, he must consider giving back to society, supporting younger generations in the business world, and promoting the prosperity of the commercial market.

This was not just empty talk.

Su Xin could now be considered a business tycoon; sometimes he truly had to look at the big picture, as market stability and public sentiment had both overt and covert benefits for his career.

He thought for a moment.

He spoke up: "Then let's set aside ten billion for angel investment, and you will have full authority over it."

"But remember, since this money is for angel investment, my intention is to help startups grow, not to take them over."

"Therefore, apart from basic returns, try not to interfere with the companies' operations, and allow them to buy back their shares."