Genius of the Rules-Style System

Chapter 1329: Chapter 636: That’s Why We’re Called "Infinite Power"!

The launch of the Energy-Gathering Satellite around the sun has achieved its first success. For the Aerospace Bureau, its main work had already been completed.

The subsequent approach of the Energy-Gathering Satellite closer to the sun, including sliding into orbit and deploying its circular wings to formally enter its operational state, was not of great concern to the Aerospace Bureau, but because it shared satellite data with Yixing Technology, they could also obtain a series of test data.

For example, the temperature of the sun at a distance of one hundred thousand kilometers.

This data was meaningful for solar exploration.

However, the biggest gain for the Aerospace Bureau was completing their second space shuttle mission.

This space shuttle mission had truly accomplished its task, not just successfully completing the work but also amassing valuable experience.

It was different for Yixing Technology. freewёbn૦νeɭ.com

The launch of the Energy-Gathering Satellite around the sun was only the first step; they also needed to monitor the subsequent operation of the satellite until it slid into its predetermined orbit and began its normal energy-gathering transmission work.

As the Energy-Gathering Satellite advanced towards the sun, Yixing Technology’s satellite data receiving team could only know the position of the satellite; they knew nothing else.

Now, the work related to the Energy-Gathering Satellite could only wait with time.

The other departments of Yixing Technology were in a state of intense operation. They had just established "Yixing Unlimited Power Co., Ltd.," directly under the Yixing Group.

In reality, Yixing Unlimited Power Company was still just a shell, but they had allocated a large portion of the company’s funds, while also dividing out the debts and bills related to car manufacturing.

Then, the financial statements of Yixing Unlimited Power Company looked very pitiful.

The company’s account now had only two hundred million yuan, but there was a debt of fourteen billion yuan awaiting payment.

The main reason for this financial predicament was that Yixing, in its expansion into the car business for less than half a year, could be said to have spent money like water, directly investing nearly six billion yuan.

That included the manufacture and launch of the Energy-Gathering Satellite.

That included the ordering of car materials, signing of component procurement contracts.

It also included paying hefty technology patent fees to other companies.

Now, Yixing Unlimited Power Company directly owed over ten billion yuan in external debt, and with the goal of manufacturing the desired parts and assembling cars in a shorter period of time, several billion yuan in payments were imminent.

Zhao Yi returned to the Yixing Research and Development Base and glanced at the financial condition of Yixing Unlimited Power Company; he immediately convened leaders of various groups as well as recently joined finance, legal, and management personnel of Unlimited Power Company for an internal meeting, where they quickly identified a solution—taking out loans.

As for running a group company, Zhao Yi had no experience to speak of. Precisely because of this, he had recruited several experienced managers for the company, some even poached from major companies, for better management.

When faced with problems, he couldn’t use an inexperienced approach; instead, he let the company’s people think of solutions.

Like this financial problem for example.

If it were up to Zhao Yi himself, because of his absolute confidence in profitability, he might seek to raise funds externally or even personally invest to resolve the funding issue quickly.

But the normal practice for a business is to borrow from banks, as corporate operations often involve substantial loans, primarily because businesses have many areas to spend money on, and it is not feasible to fill them all with cash. Even with ample funds, it would be difficult to rely on personal input to sustain the operations of a large-scale business developing in multiple directions.

Yixing Unlimited Power Co., Ltd., a new company under the Yixing Group, had a registered capital of only ten billion yuan, but obtaining a loan from the bank was easy because the company belonged to the Yixing Group, which was also a state-owned enterprise under the Aviation Group.

Also, the company participated in top-level scientific research projects, so it definitely had the qualifications. With the bank making real assets and contracts as collateral, they immediately obtained ten billion yuan in funds.

This ten billion yuan was a timely assistance, immediately solving the funding issue.

Although it could not repay all other debts, most of the debts did not need to be paid off in one go, but could be repaid gradually over time.

Since the borrowing entity was only Yixing Unlimited Power Company, the bank could only loan ten billion yuan as an extreme limit for risk management.

If it had been Yixing Technology Company, it would have been easy to borrow several tens of billions.

Ten billion couldn’t solve everything.

With a new management layer in the company, a proposal for financing of the new company was immediately suggested, "We have cooperation agreements with several major high-tech companies, and we own the rights to use the Energy-Gathering Satellite; our future direction is to manufacture spacecraft."

"Even now, just manufacturing cars, we will definitely be favored by the market."

"If we carry out external financing, we might immediately obtain more than twenty billion yuan in funds."

This suggestion was directly rejected by Zhao Yi.

The immediate task was to manufacture solar energy cars with unlimited power. The Energy-Gathering Satellite had already been launched into space, and the core technology and preparations were all set.

Even if it meant using his own funds to solve the funding problem, he definitely would not go for external financing, as it would involve giving away some shares and dilute the existing shares.

This would be a loss-making decision.

Once the company completed internal personnel and department adjustments, Yixing Unlimited Power began its operations, focusing its main efforts on car manufacturing.

At the next meeting, Zhao Yi laid out a timeline, "I hope to have the first photonic energy transmission receiver in a month, and to complete assembly of the first prototype vehicle in about two and a half months."