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Chapter 55 Expansion

After the National Day, Liu Ying led a team to check the accounts.

Li Hao and Fei Zhijun, as well as all the company's financial staff, gave active cooperation. Three people from the audit department worked hard for a long time and concluded that Yibaijia (Chain) Co., Ltd. has clear accounts, a sound financial system, and tax payable

Already paid in full.

At this point, Blue Ocean's report against the Yibai family has reached an official conclusion.

...

"Dad, Mom. The newly renovated house should be ventilated for a while as much as possible. I'm afraid that the harmful substances in the air have not been completely dispersed."

The renovation work on the two new houses purchased by Hu Yang and one by Li Hao was completed by the end of September.

However, Hu Yang was worried that the newly renovated house would have problems such as excessive formaldehyde, so he did not rush to move there and instead ventilated the house.

"It's okay, we all use solid wood for decoration, and only a layer of varnish is painted on the surface of the furniture, so it can be lived in."

Neither Hu Zhiguang nor Li Guixiang took it seriously and felt that their son was making a fuss out of a molehill.

In these days, people don’t have much idea about the harm of formaldehyde. Populus euphratica’s parents feel that the weather is about to get cold, and Xijiang City will start heating on October 15th. If they don’t move, they will have to buy coal for the winter.

Hu Yang thought for a long time, but didn't know how to convince his parents. Then he thought about it, and there really were no other materials used in the home decoration, except solid wood.

"Then let's move on the 15th, and the heater will come on that day."

"Well, that's okay. Yang Yang, you stay here for a while, your mother and I will go to the store first."

Hu Zhiguang had been worrying about his small supermarket all day long. When he saw that there was nothing going on at the new house, he left in a hurry.

"Okay, I'll let Awen send you off."

Hu Yang shook his head with a smile and sent the two of them off. Before Han Wen didn't come up, he wandered around the community.

Returning upstairs, Hu Yang opened the door and entered his own suite.

There are two new houses, one for his parents, and a bedroom for his sister Hu Yue. Hu Yang lives in a house alone so that it does not affect his parents' rest.

Moreover, during the renovation, he specially built a study room in his own area. A small part of the wall behind the bookcase was hollowed out, and he bought a safe and hid it inside.

When you open the door at the bottom of the bookcase, you won't see anything strange. However, the side panel close to the wall is specially processed. The slide rails are installed on that panel very discreetly. Use the key to open the mechanism.

, push the board up to see the safe.

In the safe, Hu Yang will place some valuable items. It is impossible for him to deposit everything in the bank safe. It is the habit of professional investors not to put all their eggs in one basket.

Actually, Populus euphratica was not very satisfied with the other facilities in the room.

For example, televisions, the current mainstream screen size is 21 inches, and the price is around 3,000 yuan. He bought two 25-inch ones, which cost nearly 8,000 yuan.

Hu Yang remembers that until 1996, the price of 29-inch TVs from Sony and Panasonic was still around 10,000 yuan.

The domestic home appliance manufacturing industry also began to rise in the mid-to-late 1990s. By the end of the 1990s, the price of home appliances dropped rapidly, and domestic brands also completed their first counterattack.

"But, you have everything now, right?"

In addition to the color TV, the home has everything else such as a refrigerator, washing machine, and shower.

What makes Hu Yang most happy is that he and his family can finally take a bath at home and no longer have to queue in a big bathhouse.

In mid-October, Hu Yang's family quietly moved away from Sandaowan, where they had lived for many years.

The old house in Sandaowan is temporarily vacant, and Populus euphratica will take a look around when he has time. All the furniture in the old house has been left there, and the new house has a completely new look from the furniture to the kitchen utensils and even the bedding.

Within a few days, Hu Zhiguang quietly moved his two large boxes to his new home, and Li Guixiang was no exception. The old-fashioned sewing machine was finally moved there.

Populus euphratica turned a blind eye and pretended not to see it. The older generation had their own thoughts. Anyway, the new home was a big place, so they could do whatever they wanted.

After class at noon that day, Hu Yang and Wu Maosheng went directly to Jianye Building.

The capital increase and share expansion of Huijia Industrial has been completed, and the next step is the capital increase and share expansion of Yibaijia (chain).

However, the situation of Yibaijia is a little more complicated, because it also involves the shareholdings of the raw coal plant employees. Today, Li Hao is preparing to hold a financial analysis meeting in September, so he will discuss the plan to increase capital and expand shares.

After lunch, Li Hao convened a meeting with Hu Yang, Wu Maosheng and Liao Guoqiang. The financial analysis report was read by Fei Zhijun.

In September, the six stores of Yibaijia (chain) achieved a total sales revenue of 5.07 million yuan, a gross profit margin of 15.8%, and a gross profit of 800,000 yuan.

After deducting 70,000 yuan in wages and various expenses, the pre-tax profit is 730,000 yuan.

The total tax payable in September was 278,850 yuan, and the company achieved a net profit of 451,150 yuan.

"The business situation in September was very good. Congratulations to Mr. Li, Mr. Hu and all shareholders."

Fei Zhijun closed the folder with a smile and sat down.

Li Hao nodded and said: "From the opening of Yibaijia (chain) to September 30, the company achieved a total net profit of 644,650 yuan, which can be regarded as a good start. However, our first-mover advantage will soon disappear.

It will disappear, so we have to be proactive.”

After speaking, he looked at Populus euphratica.

Hu Yang continued: "To be aggressive, we must expand and expand our chain stores to ten or twenty... But this will inevitably put great pressure on the company's funds. As Yibai

As the largest shareholder of the company, on behalf of Huijia Industrial, I propose to increase capital and expand shares.

I have two plans here... The first is that the original shareholders will increase their capital at the same time. Huijia Industrial will increase its capital by 890,000 yuan, and the employee stock ownership will increase its capital by 110,000 yuan, which will increase the registered capital of Baijia (Chain) Co., Ltd.

Increased to 2 million yuan. Shareholding ratio of shareholders remains unchanged.

The second option is that if the ESOP does not agree to the capital increase, then Huijia Industrial alone will inject one million yuan. Of course, in this way, the equity will definitely change."

The Yibai family has only two shareholders. In addition to Huijia Industrial, it is the employee stock ownership association managed by Liao Guoqiang. Therefore, as soon as Hu Yang finished speaking, everyone looked at Liao Guoqiang.

"Then let me tell you..." Liao Guoqiang had received a notice from Li Hao before and was prepared. "I have discussed with the employees who hold shares that it is imperative to increase capital and expand shares.

Regardless of whether the Employee Stock Ownership Council agrees or not, there are many employees in the raw coal plant and their family conditions are also different, so everyone decided not to participate in this capital increase."

As a result, the shares held by the employee stock ownership association will be diluted. But Liao Guoqiang has no choice. Most employees do not agree to participate in this capital increase and share expansion.

If we increase capital and expand shares based on the current net assets of Yibaijia, the employees will undoubtedly suffer losses. Hu Yang thought for a while and said: "Uncle Liao, I can give you a part of the premium, but the maximum premium is only 40%."

Calculated based on the original investment, after a new round of capital increase and share expansion, the shares held by the Employee Stock Ownership Association will drop from 11% to 5.5%.
Chapter completed!
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