Chapter 324 Stripping off tens of billions of loans, Zhang Shuos cool operation!(2/3)
Zhang Shuo wouldn't believe that there are all loyal and brave men like White Lotus inside the sprout.
"this…"
Jiang Yue really didn't dare to guarantee it.
"right?"
Zhang Shuo took the opportunity to talk about the second topic, "Now that the group is a big business, it is inevitable that moths will be born inside and dust will be generated. It is time to swing the broom and clean the house."
"what do you mean?"
"Let the audit department take the lead, with the participation of various departments such as human resources, finance, and the president's office, and organize a top-to-bottom mid-year financial review to improve work discipline and work style. You are in charge."
"good!"
Jiang Yue agreed with this point.
"How is the training of new employees arranged?"
It was almost July. Thinking of the 12,000 new employees who were about to join the company, Zhang Shuo had to brace himself for fear that something might go wrong.
He had long been looking forward to this batch of fresh blood being injected into the bud.
"According to Director Wu, since the headquarters of many subsidiaries have been relocated to other cities, this year's new employee training will no longer be concentrated in Binhai City. Qingcheng will receive it from Yangcheng, Qingyun Data will receive it from Jingshi, and Jade Bird
The employees from Mutual Entertainment were taken over to Chengdu and returned to their own homes. Binhai City is only responsible for the new employees of the group headquarters, Qinghe Technology, Maili Group, Sprout Real Estate, Sprout Investment and Sprout Financial Holdings."
"This is a good idea." Zhang Shuo nodded in approval.
As subsidiaries grow, it is inevitable to decentralize recruitment authority.
"There is one point. If each subsidiary is responsible for accepting new employees, how can they provide unified training? Especially in the area of corporate culture, we must not neglect it."
If a very large company wants to achieve stable and long-term development, revenue is only one aspect of it. If it wants to unite tens of thousands of employees and form a joint force, it must ultimately rely on corporate culture as a spiritual link.
Otherwise, it is just a piece of loose sand.
Over time, it will soon become corrupted from within and lose its pioneering and enterprising spirit.
"Director Wu has also considered this. The group's human resources center will send professional lecturers to various places to organize new employee training. If it is a group executive giving a lecture, a video conference can also be set up." Jiang Yue explained.
"That's pretty much it."
Wu Sheyuan is worthy of being an old man, and he is very experienced in thinking about issues.
"By the way, Mr. Zhang, when the new employees meet, I need you to be there to speak. Do you need the president's office to prepare a speech in advance?" Jiang Yue asked for instructions.
"Need not."
Zhang Shuo always likes to improvise.
………
In the afternoon of the same day, Zhang Shuo held the group's monthly strategic meeting without stopping.
Video conferencing was adopted for the first time.
Du Ruiwen is in the capital, Lu Qi, Tang Xiang, Luo Jie is in Magic City, Pei Weiping is in Yangcheng, and Cao Yanhua is in Rongcheng. The only ones left at the headquarters are Lu Kai, Jiang Yue, Gu Mingzhang, Tan Yunsong and Zhao Xiaohu.
Anyway, we are using Feixun Conference developed by Moya, so we don’t have to worry about the content of the conference being leaked.
Very safe.
The meeting was still chaired by Lu Kai, the rotating president, and the main discussion was on matters such as the reception, placement and training of new employees. Zhang Shuo did not speak much during the whole process.
I just said a few words at the end of the meeting.
………
The next day is the weekend.
Zhang Shuo was called by his second uncle to have dinner with him in Mr. Tang’s courtyard.
Tang Yu is also here.
"Xiao Shuo, I heard from Xiao Yu that her sports car was given to her by you?"
As expected, the second uncle Tang Yi asked about the car. In his current position, although some issues were no longer so important, the fact that his daughter drove a sports car to work was still a bit eye-catching.
"It's not a gift." Zhang Shuo explained with a smile: "The car is still in my name, I just lent it to Xiaoyu for work."
"That's right."
Tang Yi's expression softened slightly. Thanks to Zhang Shuo, he knew how to do things properly. "You, don't spoil her too much."
"Just this once, never happen again."
Of course, Zhang Shuo also knows the importance. He has known Tang Yu for two years and has never given Tang Yu anything valuable. The Porsche is the only exception.
It can also be regarded as a coming-of-age gift for Tang Yu.
………
Monday, July 2nd.
With the beginning of a new month, Zhang Shuo signs and approves new grant applications as usual.
July is very special.
It is the beginning of the third quarter and the beginning of the second half of the year. Furthermore, with the addition of new employees, the salary expenses of each subsidiary will double again, so additional allocations will be made.
Allocate 1.8 billion operating funds to Maili Group, of which 800 million are special funds for research and development;
Allocate 500 million R&D funding to the Fertile Soil Research Institute;
Allocate 500 million operating funds to Mango Auto, of which 300 million are special funds for research and development;
Allocate 800 million operating funds to Daosui Semiconductor, of which 500 million are special funds for research and development;
Allocate 800 million operating funds to Germinal Real Estate, of which 500 million is project funds;
Allocate 300 million operating funds to Qinghe Technology, of which 50 million is special research and development funds;
Allocate 200 million operating funds to Jade Bird Interactive Entertainment, of which 50 million is special research and development funds;
Allocate 200 million operating funds to Qingyun Data, of which 100 million is special research and development funds;
Allocate 200 million operating funds to the headquarters of Sprout Group.
All added up to a special allocation of 5.3 billion. Come on, it’s another month of huge bleeding.
In the past June, Germination also allocated 600 million to Maili Group for the acquisition and renovation of the electronics factory in Guancheng Industrial Park.
Then there is the acquisition of Ruideko, which cost a total of 3.85 billion.
--slightly--
[Level]: Level 10 (5.35 million/50 million)
【Cash】: 4.39 billion
[Loans]: 1 billion (corporate bonds) 6.4 billion (overseas loans)
--slightly--
Of course, June is also a month for big harvests. Not only the tens of billions of service fees received by Qingcheng Group, but also the 1.5 billion profits handed over by Qingniao Interactive Entertainment at the end of the month.
But even with a monthly income of tens of billions, I still can't bear to do this, and the liquidity in my account decreases instead of increasing.
That's still 250 million short.
Another big change is that after paying off an additional 2 billion in low-interest loans, all the bank mortgage loans were transferred to Sprout Real Estate. Sprout Group divested tens of billions of debt in one fell swoop.
The asset-liability ratio dropped instantly.
This is why additional operating funds will be allocated to Sprout Real Estate in July, a large part of which will be used to repay loan interest.
The rent collected alone cannot fill the hole of tens of billions of bank loans.
"The working capital is less than 4.4 billion. Come on, we are short of money again."
Seeing the shrinkage of book funds, Zhang Shuo had a headache. The tens of billions of service fees collected from Qingcheng had not yet warmed up. In less than a month, they were all spent.
This also made Zhang Shuo realize two truths——
Money is really expensive, and R&D is really expensive.
Fertile Land Research Institute, Maili Group, Mango Automobile, and Daosui Semiconductor, these four companies alone have a monthly R&D expenditure of an astonishing 2.1 billion.
But this is not the upper limit.
With the increase in R&D personnel of various companies, R&D expenses will only continue to rise in the future, especially for Mango Auto and Inaho Semiconductor, which have just started. They are still just drizzle.
In the future, any company will not spend more than ten to two billion on R&D in a single month?
To describe it as "burning money" is more vivid.
Take the Fertile Soil Research Institute as an example. The R&D expenditure of RMB 500 million per month is an average of RMB 17 million per day, an average of RMB 700,000 per hour, and an average of RMB 11,574 per minute.
It’s really spending tens of thousands of dollars every minute, isn’t it just burning money?!
It is no wonder that many Chinese companies are unwilling to engage in research and development, and would rather use their profits to speculate in real estate, stocks, and land. This is really not something that ordinary companies can resist.
But this is another step that must be taken.
To be continued...