Chapter 638 Avoiding Asset Risks (Part 2)(1/2)
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………………
On the first day of March, it was rainy in Shanghai.
It doesn't match the word "Yangchun" at all.
Very early in the morning, classmate Fang Nian drove first to Mingzhu Primary School, and then to Yangpu to catch the first class at eight o'clock.
We just moved things there yesterday afternoon, Fang Xin and Lin Feng haven't moved in yet.
This morning, Lin Feng and Fang Zhengguo had to accompany Grandma Fang Nian on a trip back to Tongfeng.
We will return to Shanghai the day after tomorrow.
In addition, Lu Wenlin, Sun Rong and Grandma Lu also returned to Shaozhou this morning.
In comparison, the weather in Shanghai is obviously not as comfortable as Shaozhou.
Especially...
It just happened that Shanghai was hot and cold.
The day we came back, the temperature was still 20 degrees Celsius, and in the past two days it has been 50 or 6 degrees Celsius.
After classmate Fang Nian finished one class, he returned to Junting and sent the two families to Hongqiao Airport with Lu Weiyu.
I rushed back to Yangpu for my fourth class without any delay.
He is truly a model among contemporary good student models.
I just didn't skip class.
"..."
Fang Nian always admired his spirit of going to school regardless of rain or shine.
It's really too much for Fudan not to give me a national award.
When Fang Nian walked out of Fudan University with his schoolbag under his arm, he took out his cell phone and dialed back the missed call from Lei Jun.
As soon as the call was connected, Lei Jun laughed loudly on the other side: "Haha, has Mr. Fang started this year's work?"
"It's hard to say whether work has started or not. I just started studying. I just finished class." Fang Nian replied with a smile.
Lei Jun was delighted: "Mr. Fang's studious spirit is really admirable."
"Tsk~" Fang Nian smiled, "What do you want Mr. Lei to ask me? I heard that Xiaomi's pockets have been bulging recently, and it paid a licensing fee of 5 million units in one go."
Lei Jun said continuously: "Mr. Fang, you are treating me badly! It's only 50 million. I'm afraid it's a drop in the bucket for the current Nuwa Laboratory."
"No, not really." Fang Nian didn't say much.
Lei Jun didn't say much and brought up the business: "Does Mr. Fang have time to come to the capital recently?"
"I'm afraid I don't have time. I just finished my long annual vacation and have a backlog of things." Fang Nian said politely.
Lei Jun pondered for a moment and said: "Then if you are in Shanghai, are you free?"
"There must be time for this." Fang Nian Ma Liu said.
Lei Jun said: "Okay, this weekend or next Tuesday or Wednesday, Mr. Bin and I will go to Shanghai. Then we will have to ask Mr. Fang to help set up the stage."
"Of course this is a small matter, no problem." Fang Nian responded without saying a word.
Calculating the time, Xiaomi should also prepare for Series C financing.
Although the sales situation of Xiaomi 1 is very good, if it were a more traditional manufacturer, such as Meizu, it would just be steady and steady at this time and would not want to raise funds at all;
But Lei Jun himself is an investor, so it is naturally impossible to operate by traditional means.
Xiaomi's current financing is not only to prepare for the development of next-generation devices, but also to push up valuations, deepen brand influence, and expand scale.
Lei Jun's ambitions are not small.
"..."
After chatting for a few more words, Fang Nian hung up the phone.
After Lei Jun mentioned financing, Fang Nian also had some thoughts.
Not long after, Fang Nian appeared at the leisure restaurant. Opposite him was Mr. Wen, who was the CEO of Twenty Days Frontier Company.
Of course there are Wu Fucheng, Guyu and Liu Xi.
And Lu Weiyu.
Except for Guan Qiuhe, everyone in the front office is here.
After the waiter served the meal, Fang Nian glanced at Wen Ye across from him and said jokingly: "This is the first time we have sat down to eat together after the New Year. I feel a little aggrieved to Mr. Wen."
Wen Ye whispered: "No."
I dare not say more.
Even Liu Xi had a slight smile on her face, but it was Gu Yu who smiled the most happily.
"..."
…………
After lunch, Fang Nian finally walked into the front office.
In the blink of an eye, a month has passed.
The decoration in the office still retains some festive flavor.
It's very clean, not only does the cleaning lady of the building know how to clean, but Liu Xi and the others also do a little cleaning.
After sitting down at his work station, Fang Nian quickly drank hot tea.
"Mr. Wen, please tell us about the status of Frontier Company."
Hearing this, Wen Ye reported calmly: "Frontier Company will officially start operations after the year, and currently has a total of 129 employees;
The main work last month was to straighten out matters related to the Frontier University Department and discuss the establishment of training rules;
The Comprehensive Management Cadre Department is also a focus of work..."
"..."
The framework had been sorted out years ago. After the year, under the care of Guan Qiuhe, Wen Ye quickly got into working mode.
Coupled with the cooperation of Gu Yu, Wu Fucheng and other acquaintances, the company quickly entered normal operation.
Because the nature of Frontier Company is a functional platform and does not conduct business externally, the running-in efficiency will be higher.
After all, it was originally filled with a large number of candidates transferred from cutting-edge companies.
Wen Ye also mentioned the next development plan: "In March, there will be another round of internal selection through the training of Frontier University, covering all interns in the Frontier Internship Department and Frontier Department, and 50 people will be selected to enter the Frontier trial. After passing the test, we will
A formal labor contract will be signed in July."
"..."
After Wen Ye finished his report, Gu Yu and Wu Fucheng reported on their respective areas of responsibility.
Including internal audit, ethical compliance, and cutting-edge university work.
Wu Fucheng's human relations will also be unified into the Frontier Company in July, and he will work part-time in the Frontier Office.
Lu Weiyu basically has no work to report to.
She just went to Frontier Innovation yesterday for a formality.
Finally, Liu Xi reported on the overall financial work of the Frontier Department.
"After the year, Frontier Angels successively received RMB 868 million, and Frontier Company received RMB 60 million from the General Administration of Customs. In addition to the special project funds for the two Frontier laboratories, the total available funds on Frontier Company's account were 1.7 billion."
"..."
Needless to say, this was one of the purposes of establishing a group company in Fang Nian to coordinate taxation.
After conducting a series of operations, Qianlian Department obtained the qualifications of a group company in the middle of last year.
All income and expenses were shared equally and reasonably.
Calculated from the books, Frontier actually suffered a net loss. It invested a considerable amount of money last year, resulting in a combined loss of hundreds of millions.
But we still paid nearly 200 million in taxes because the Luzhou project, which was completely independent after 2011, was opened.
Speaking of the cutting-edge Luzhou project, it is actually quite interesting.
Frontier Company established an independent subsidiary in Luzhou with a very simple name: Luzhou Frontier Co., Ltd.
Although it accepted an investment of 8 billion from Luzhou local government and a loan of 2 billion from the bank.
But because these funds are local investments, it appears that Frontier owns 100% of the shares.
The total registered capital is RMB 6 billion.
In fact, according to various agreements, Frontier holds 33.4% of the shares, and the other 66.6% belongs to Luzhou Xincheng and Luzhou Urban Investment.
The agreement restricts the project's annual tax scale, output value and many other conditions.
However, due to many reasons such as high-tech, we enjoy the tax policy of “two exemptions and three half reductions”.
This means that you can enjoy the benefit of being exempted from corporate income tax for two years and reduced by half for three years starting from the tax year in which the first production and operation income is obtained.
also……
Frontier also enjoys absolute share repurchase rights, absolute control rights, etc.
This is the benefit of local investment.
The operation methods of most local investments are similar. What local governments want are hidden advantages such as tax revenue, output value, or GDP after the project is successful.
There are even...
Debt relief after a particularly successful operation.
To be continued...