The next day.

Zhang Yida went to work feeling refreshed. When he arrived at the company, he first called Zhao Wenbin. After some greetings, he said:

"Uncle Zhao, how is your cloud computing project going?"

"Well...we are talking. We have contacted Huawei, BAT and many other giant companies. After clarifying the policy and geographical environment advantages, several companies are very interested."

Zhao Wenbin pondered for a moment on the phone, and then explained the real situation to Zhang Yida.

"Oh, that's good. Ruixiang also plans to come to Qianzhou to deploy a cloud computing center. What do you think about this?

If I needed to avoid it, I would have made other plans."

Zhang Yida expressed his thoughts concisely.

"No need, we are not relatives yet, so we don't have so many worries.

Our municipal party committee welcomes all Internet companies that come to Qianzhou to invest.

It’s just that when it comes to policies, we can only have a bowl of water.”

At this time, Zhao Wenbin is vigorously attracting investment in Qianzhou to develop the "Qianzhou on the Cloud" project. For normal investment, he will accept all comers.

“There is no need for special support, just treat everyone equally.

In the early days of Ruixiang Financial Cloud, there were not many service companies, and they were basically Internet financial companies.

There won’t be too many servers that need to be deployed, and the investment won’t be too big, probably around 1 billion!”

Zhang Yida explained his situation very frankly. After hearing this, Zhao Wenbin said:

"One billion U.S. dollars is really not much, so just make do with it!"

Zhang Yida was a little speechless, and after a long while he said:

"Uncle Zhao, that unit is wrong, it's RMB."

"Uh... didn't you raise US$2 billion? Xiao Zhang, let me tell you, cloud computing represents the future...

An investment of US$1 billion will definitely not be a loss!”

Zhao Wenbin chattered endlessly and began to explain to Zhang Yida the various benefits of investing heavily in cloud computing.

“Our main focus this year is mobile payment, and the financing amount is not 2 billion US dollars, only 1.5 billion, and the other 500 million is the traffic entrance provided by Penguin.

Uncle Zhao, don't worry, the operation will be good in the future, and Ruixiang will make additional investment after it obtains more financing."

Zhang Yida underestimated the enthusiasm of his leaders for attracting investment and quickly made a promise to Zhao Wenbin.

"That's settled! Don't forget, there will be additional investment later."

Zhao Wenbin smiled and thought to himself, you are also a wealthy man, why should you invest some money in your father-in-law? Your daughter is taking advantage of you, so the whole family still needs to help each other!

That being said, when Zhang Yida comes to sign the contract in a while, Zhao Wenbin will not force him, he will just do what he can.

After teasing Zhang Yida, Zhao Wenbin felt much better.

It is not easy to attract investment all at once. Other giants only make verbal promises and are still fighting for various policies.

Ruixiang is the first company to commit to the actual amount of investment. I believe that with this young man taking the lead, negotiations with other giants will be much easier.

After Zhang Yida hung up the phone with Zhao Wenbin, he was also thinking about strategic issues.

Rui Xiangwan has been in the cloud computing technology for so many years, and it is already a wishful thinking to catch up with other giants, especially Ali Cloud.

However, Zhang Yida is not discouraged. Regardless of other fields, he must take a piece of the big cake of Internet finance.

There was another sigh in my heart, human desires are always endless.

We have just raised more than 9 billion yuan, and we are doing a lot of things here and there, but I feel that it is not enough.

The US$400 million plan is allocated to the research and development of four cutting-edge technologies, and cloud computing deployment will cost nearly half, 1 billion yuan.

The US$200 million used to increase the capital of small loan companies has been consumed.

The US$100 million was spent to replenish the reserve account, and more than half of it, 350 million yuan, was spent on the acquisition of 49% of Hanzhou Securities shares.

US$800 million was used to promote mobile payment, and more than RMB 800 million was spent on red envelopes for the Spring Festival Gala and Jiwufu, leaving over RMB 4 billion.

When there is a suitable opportunity, you have to raise some more money!

After Zhang Yida made up his mind, he stopped thinking about these troublesome things and began to look down at the financial reports of various companies.

The first is sharp direction.

In 2014, the revenue was 6.52452 billion yuan and the net profit was 744.7 million yuan.

The seven major financial supermarkets and advertising businesses contributed most of the revenue and profits, with figures of 5.031 billion yuan and 3.22 billion yuan respectively.

Mobao Payment’s revenue was 617 million yuan, and its net profit was -2.238 billion yuan.

Mung Bean’s credit revenue was 112 million yuan and its net profit was 89.6 million yuan.

Tiance Technology’s revenue was 456 million yuan and net profit was 374 million yuan.

The revenue of the four cutting-edge technologies is all generated by Ruixiang Financial Cloud, with revenue of 35 million yuan and net profit of -855 million yuan.

Diandianchi's revenue is entirely dependent on advertising, with a figure of 3.52 million yuan, and a net profit of -88.9 million yuan.

TouRongHui Wallet lends 1.8 billion of its own funds, with no capital cost, revenue of 270 million yuan, and net profit of 243 million yuan.

Companies such as Hanzhou Securities, Hantai Funds, Lefenfenqin and Miaofenfenqin do not have complete holdings or absolute voting rights and are not consolidated.

Zhang Yida was a little surprised. According to the financial statements, Ruixiang actually made a slight profit of more than 700 million this year, mainly due to the support of advertising diversion business.

But the ceiling is also obvious. The growth rate of the advertising business is already slowing down. Next year, it may be good to have a 20% growth rate based on this.

Large expenditures such as Spring Festival red envelopes and five blessings are included in the 2015 financial report, so the 2014 financial data is more attractive. The group has no overall loss.

In terms of working capital, Penguin's venture capital has currently received two transactions of US$500 million, of which 2.389 billion yuan has been used, leaving 3.731 billion yuan.

After investing US$100 million in Ruixiang Industrial Fund in Q3, its own funds still had a surplus of 162 million yuan.

Adding the two together, Ruixiang's liquidity still totals 3.893 billion yuan. Adding in the third tranche of US$500 million that Penguin needs to disburse in March, Zhang Yida did a rough calculation and found that the remaining funds on hand totaled 6.953 billion yuan.

.

Putting Ruixiang's financial report aside, Zhang Yida began to read the financial report of Yimin Holdings again.

Yimin Holdings' revenue in 2014 was 403 million yuan, with a net profit of 45.7 million yuan.

Among them, Yimin Wealth’s revenue was 258 million yuan and its net profit was 76.2 million yuan.

Yimindai had revenue of 97 million yuan and net profit of 22.5 million yuan.

Ruimin Financial Management’s revenue was 48 million yuan, and its net profit was -53 million yuan.

Yimin Wealth and Yimin Dai have fully entered profitability, and only Ruimin Financial Management is lagging behind.

Zhang Yida thought that since Ruimin Financial Management has begun to connect to the traffic of Huimin Bicycle, the marketing expenditures for customer acquisition should be greatly reduced in 2015, and it should not be difficult to make profits.

Huinongdai was spun off from Yimin Financial Services. Yimin Holding Group still holds a small amount of shares, and Zhang Yida is the largest shareholder.

After receiving a capital injection of 1 billion yuan, Huinongdai developed rapidly. However, because the capital injection was too late, the 2014 financial report did not reflect the effect of the capital injection at all.

"The revenue in 2014 was 6.25 million yuan and the net profit was 830,000 yuan."

Zhang Yida thought it was normal when he thought about it. In 2014, he basically only issued 50 million yuan in loans to farmers in Valley County. The business scale was very small. It was an unexpected surprise that he did not lose money. He did not expect more.

Zhang Yida carefully looked at the 14th annual report of Yimin Wangjin Group. After all, he was going to help it go public this year.

In 2014, a total of 12 billion loans were issued, with terms ranging from 3 to 12 months.

As for why it does not match the 20 billion transaction volume on Yimin Financial Management, Zhang Yida knows very well that it is due to some maturity mismatch.

As the reputation of Yimin Financial Management has increased, there is no need to worry about lack of investors.

In the second half of the year, Zhang Yida stopped this behavior and required that all claims must be matched one by one.

However, because there are debt transfer products, not every user will hold the debt until maturity, and transfers may occur midway.

Therefore, the investment data of Yimin Financial Management and the lending data of Yimin Puhui will never be unified.

The loan amount of RMB 12 billion in 2014 has created a total of: Yimin Wangjin Group:

Revenue of 1.854 billion, net profit of 394 million.

Zhang Yida is quite satisfied with this result.

Special attention was paid to the cost items:

The capital cost is 840 million, marketing cost is 200 million, personnel salary is 180 million, and bad debt provision is 240 million.

There are too many bad debt losses. 2% of the loans cannot be recovered after collection, so operating profits are used to advance payments to investors and users.

Liquidity is sufficient. With a net profit of 394 million and the US$222.2 million in Series B financing, Yimin still has 1.774 billion yuan in its financial account.

It would be a waste to leave so much money unused. Zhang Yida sent an email to Fan Hongyang with instructions:

"After acquiring an online small loan company, all the 1.7 billion in Yimin's financial account, except a few hundred million reserved as reserve, was injected into the online small loan company and used its own funds to lend."

Then Zhang Yida looked through Pate.com’s 2014 financial report.

The GMV in 2014 was 506 million, and the monthly transaction volume in December exceeded 150 million.
To be continued...