After seeing Cao Yanhua off, Zhang Shuo leaned on the sofa.

Looks lazy.

I have to admit that in the past month, he has become more and more leisurely.

No longer as busy as before.

In addition to the efforts of the senior executives of Sprout, it is also because in recent times, Sprout's development has rarely entered a bottleneck period, making it difficult to achieve major breakthroughs in a short period of time.

Social track.

After defeating WeChat, all that remains for Weixin is to consolidate its base, and it will be difficult to challenge ICQ in a short period of time.

Game track.

After a batch of new games have been launched, the production of the third batch of games is still being stepped up, and there won’t be any big surprises in the short term.

The biggest problem is the secret battle of wits with Tengda.

Local life service track.

Qingcheng Retail and Qingcheng Technology are also developing rapidly. It is true that they are conquering cities in major cities, but they are only a new player in the local life service industry.

It is difficult to achieve a big climate in a short period of time, it will take time to settle.

Cloud computing track.

Not to mention, in addition to the huge investment required to build a data center, corresponding research and development must also keep up, which will be an extremely long process.

There's no rush at all.

On the other hand, overseas business has been booming recently, and Jiaoyang Holdings has also made a name for itself in Xiangjiang, but it is mainly a second-rate dealer and has no big highlights.

Finally, there is the investment business.

Although they have successfully acquired Wujiang Technology and Linde New Energy, two future super unicorns, they are still in the incubation stage, and it is difficult to see results in the short term.

It is basically a long-term investment.

Research and development.

With the help of the Spring Miao Fund, the Hundred Talents Plan has been launched, several scientists have been recruited, and several laboratories have been built, but what follows will be a long incubation process.

There may not be any results for three to five years.

After taking such an inventory, it is difficult to say that there are any special surprises for Sprout. All business lines are developing rapidly, and it is difficult to make major breakthroughs in a short period of time.

It all takes time to settle.

Thinking of this, Zhang Shuo called up his personal dashboard that he hadn't opened for an unknown amount of time, checked his recent work results, and took a round of capital inventory.

【Host】: Zhang Shuo

[Reputation]: Level 3 (20,000/100,000)

[Talent]: Concentration Lv1, Insight Lv1, Tenacity Lv1

[Gain]: Aura of academic master, aura of charm

[Props]: None

[Level]: Level 8 (790,000/1.5 million)

[Support Fund]: 5 million/day

【Cash】: 1.05 billion

[Loan]: 2.8 billion (bank loan) 200 million (corporate bond)

[Overall valuation]: 27.5 billion

[Holding Company]: Sprout Holdings (100% holding) (under the jurisdiction of seven first-level subsidiaries including Qingcheng Retail, Qingcheng Technology, Qingniao Interactive Entertainment, Qinghe Technology, Sprout Real Estate, Qingyun Data and Jiaoyang Holdings)

[Stock-holding companies]: Wujiang Technology (35%), Haode Map (10.5%), Wali Intelligent Manufacturing (35%), Linde New Energy (35%), Automotive Network (10.5%)

"A very eye-catching report card!" Zhang Shuo commented on himself with a smile.

With the rise of Bu Ya, his reputation has also increased, and has exceeded the 20,000 mark. It is expected that it will reach a new level within one or two years.

Impact level 4 reputation.

The three talents of "Focus", "Insight" and "Tenacity" remain unchanged and are still at level 1.

Zhang Shuo was very suspicious.

Whether I can wait until my talent upgrades in my lifetime, I suddenly have some expectations.

In terms of funds, even in the past month, after successive investments in Linde New Energy and Automotive Network, Sprout still has a huge liquidity of 1 billion in its account.

This does not include the profits expected to be handed over by Jade Bird Interactive Entertainment in April, which will start at least 300 million.

Cash flow suddenly became abundant again.

In the final analysis, after selling the overseas agency rights of "Subway Surfers", a huge amount of 850 million was collected in one fell swoop, which greatly filled the budding cash hole.

Further back.

For example, "Brain Master", "Snake" and "My Kung Fu Special", which were released later, can also be distributed overseas, but the agency fees are not so exaggerated.

Especially for "I'm Awesome in Kung Fu", apart from Southeast Asia, it is estimated that it will be difficult to find a market in other regions.

"Brain Master" is even more unprofitable.

The only thing that can bring some surprises is probably "Snake", which has no cultural gap. Jade Bird Interactive Entertainment is already negotiating with Jiaoyang Holdings.

The overseas agency fee is estimated to be around 200-300 million.

Taken together, the overseas agency fees for the three games are estimated to be no more than 500 million.

On the other hand, if Wichat, the overseas version of Weixin, is successfully operated, Qinghe Technology will have at least 1 billion in revenue and will achieve a record profit.

Just to operate Wichat transactions, the process will be very complicated.

First, you need to register a company in the beautiful country, then find a suitable investor, such as the Thieves Group, and then hire a professional team to negotiate specific technology transfer fees.

It's not something you can just talk about.

But no matter what, with this money in the account in the future, Weixin's future marketing expenses will be covered, and there is no need to rely on the holding company for support.

It is also a disguised form of turning losses into profits.

Abundant capital flow has also allowed the entrepreneurial level to rise, and the experience value is approaching the 800,000 mark, which is already more than half of the experience value required for upgrading.

Finally, there is some hope for an upgrade.

But having said that, although Germination has one billion in working capital on its books, it is still far from enough to realize the grand development plan proposed by Zhang Shuo.

This little money.

It’s not even enough to build another large data center.

Zhang Shuo can only hope that the monthly profit of Jade Bird Interactive Entertainment can quickly exceed the 500 million mark, providing continuous financial support for the great development after the bud.

This also exposed the weakness of the sprout - the profit point is too single.

When benchmarking against Tenda, you will find that apart from cheating support funds, Sprout's only profit point is game revenue, while Tenda also has advertising revenue, value-added service revenue, e-commerce transaction business revenue, etc.

That’s not to say that all of Sprout’s subsidiaries, except for Jade Bird Interactive Entertainment, are not profitable.

Take Qingcheng Retail as an example. For the stores that are already in operation, especially the Binhai City headquarters, after the Qingcheng takeout was officially launched, the monthly profit of a single store has exceeded 100,000.

And it continues to grow.

However, Qingcheng Retail is still accelerating its expansion. In addition to fully opening its stores in Binhai City, it is also building flagship stores in the CBD areas of first, second and third tier cities.

Although it no longer adopts the self-purchased store model, it still insists on self-operation rather than franchising.

This is a staggering expense.

That’s why we say that Qingcheng Retail is both profitable and unprofitable.

Another example is Qingyun Data. In two months, when the Houhai data center is officially put into use and the relevant data service contract is implemented, it will be able to turn losses into profits in no time.

Of course, the premise is not to share the construction cost of the data center.

Another example is Jiaoyang Holdings, which can earn a lot of "intermediary fees" from every transaction by acting as a medium for its subsidiaries to go overseas, but it also has to bear the cost of overseas financing.

The profitability situation is also not optimistic.

The only ones that are purely burning money are Qingcheng Technology and Qinghe Technology. These two software companies with the name of "technology" will be in a state of loss for a long time in the future.

This is actually the "normal" for many Internet companies.

Not to mention Qingcheng Technology, even e-commerce giants like Jingdong were still losing money on their books even a few years after they went public.

All that is burned is investors' money.

It can even be said that the vast majority of Internet start-up companies have basically been in a state of loss until they go public, and very few can achieve profitability within three years.

In the early stages of development, didn’t Tengda also encounter the dilemma of being unable to make a profit?

This is pretty good for sprouting.

It's just that Zhang Shuo is not a person who is easily satisfied, and he can't take time off at all. Instead, he wants to do something else and continue to expand his budding business territory.
To be continued...