Wednesday, December 21st.

Zhang Shuo personally presided over the last monthly meeting of the Development and Strategy Committee of the year. The theme of the meeting was just one-discussing the company's budget for next year.

Before reporting the budget, Zhang Shuo, as the CEO of Germination Group, also made a brief summary report on the group's achievements in the past year.

"In 2011, so far, Sprout Group has achieved annual operating income of 38.2 billion, profit attributable to the parent company of 11.5 billion, and net profit of -6.4 billion."

In 2011, Germination was actually still in a state of loss as a whole.

The losses are mainly reflected in the increase in bank loans, corporate bonds, and the decrease in cash flow. This does not include the huge 7.5 billion injected by the "Dream Fund" throughout the year.

It can be seen that the loss is huge.

If we dig deeper, the reason why Sprout Group loses money is not only because of its single profit point, but also because it spends huge amounts of money on investment business and new business.

Maili Technology alone lost tens of billions.

Although there is a trump card of Maili X1 next year, the release of X1 will have to wait until at least the second half of next year. The overall expectation is that it will still be in a loss-making state.

We still have to continue to raise funds.

This is why Zhang Shuo is eager to sell 71 Assistant and Motu Xiuxiu, hoping that these two cards can bring tens of billions of liquidity to Sprout.

To support the group’s development plans for next year.

Jiang Yue spoke first on behalf of the Sprout Group: "The headquarters of the Sprout Group, including the Fertile Land Research Institute, has a R&D budget of 2 billion next year and a budget of 500 million for marketing, administration and general management expenses."

after.

Each subsidiary also showed its budget table——

Qingcheng Group has a R&D budget of 500 million and other budgets of 2.5 billion.

Jade Bird Interactive Entertainment (Group) has a R&D budget of 200 million and other budgets of 1 billion.

Qinghe Technology has a R&D budget of 500 million and other budgets of 1 billion.

Qingyun Data has a R&D budget of 500 million and other budgets of 1.8 billion.

Maili Technology has a R&D budget of 8 billion and other budgets of 4 billion.

Jiaoyang Holdings has a R&D budget of 30 million and other budgets of 200 million.

Sprout Real Estate's R&D budget is 20 million, and other budgets are 4.5 billion.

Taken together, the annual R&D budget of Sprout Group and its subsidiaries in 2012 is 11.75 billion, and the budget for marketing, administration and general management expenses is 15.5 billion.

The total budget is 27.25 billion.

Among them, Qingcheng Group’s budget of 3 billion is calculated independently and does not require funding from Sprout Group.

It can be seen.

In next year’s budget, Maili Technology still occupies the bulk of the budget.

The above does not include the investment business of Sprout Group (which cannot be calculated because it is uncertain), nor new businesses such as electric vehicles and chips.

Counting these two items, the overall budget may even double.

This is why, although the overall R&D budget of the Germination Department did not reach the 15 billion target set by Zhang Shuo, there was no adjustment to the R&D budget of each subsidiary.

It's about leaving a little margin for new business.

Oh, right.

There is also the Spring Sprouts Fund. It is estimated that the expenditures for public welfare next year will not be less than one billion.
Chapter completed!