Free Web NovelChapter 1345: Chapter 643 Yixing’s Financial Situation
After Yixing Technology’s spaceway plan was announced, it caused a strong reaction in the public opinion both domestically and internationally. Suddenly, discussions about it were everywhere, and even those who previously didn’t follow scientific development knew about the news and started talking about it in amazement.
This sensational public opinion lasted for a quite long time.
Yixing seemed to have become a leading benchmark in the exploration of space.
In fact, in the field of space exploration, Yixing was just a newcomer, a company that had only been established for a short period and it was hard to say how much influence it had.
The company’s greatest influence was Zhao Yi himself, who with his fame and credibility founded Yixing Technology Company, and with a development plan for the future, managed to raise over ten billion in funding.
In reality, it was more than four hundred billion, but considering the issues of share distribution and needs, the amount of external investment was proportionally reduced.
Although Yixing had only been established for a short time and had not developed much technology, the creation of the Energy-Gathering Satellite around the Sun, space optical energy transmission technology, along with the production of the "Unlimited Power Automobile," brought great renown to Yixing.
Other institutions and companies that continued to do related R&D, holding patents and technology, and contributing to space exploration, could hardly catch up with a single Energy-Gathering Satellite around the Sun because it represented the future possibility of endlessly usable solar energy.
Now that Yixing had announced their R&D plan, which was also very shocking, many people believed in it.
If it had been any other company or institution, it would definitely have been accused of ’drawing pie in the sky,’ or even outright ’boasting.’
Yixing was different.
Because of Zhao Yi.
Anything related to the advancement of technology, no matter how advanced or unbelievable, seemed possible when associated with Zhao Yi.
For example, space shuttle experiments.
Even though many internationally still stubbornly believed that the space shuttle experiment was a massive hoax, and even brought out a lot of data and images to explain, framing the process of the space shuttle experiment as ’playing pre-recorded videos,’ the problems became obvious when viewed from a professional perspective.
Now that Yixing had proposed the plan to establish spaceways, it caused international debates and made many people even more expectant.
At the same time.
After announcing the plan, the company was also continuously researching their next phase of development.
The company had reached a point where it could be said to have passed the initial stage of accumulation.
They had developed quite a few technologies, with several being core technologies and patents for manufacturing space shuttles, which meant they could begin production of small space shuttles.
At the same time, the R&D of the Energy-Gathering Satellite around the Sun and space optical energy transmission technology provided better options for the small space shuttles, making up for the most important issue in related technologies: the energy power problem.
And here lay the problem.
The light energy output from the Energy-Gathering Satellite was limited, most of it had to be provided to the Unlimited Power Automobiles, and a part of it reserved as backup for the high-power Z-wave satellites necessary for establishing spaceways.
Even the second Energy-Gathering Satellite, which was under construction, wasn’t launched yet, and its energy transmission was already ’allocated’ fully.
During an internal discussion at Yixing, Zhao Yi raised this issue.
Someone immediately provided a solution, "We need to manufacture more Energy-Gathering Satellites. Given the current transmission of light energy, we will need at least twenty or more in the future. If the applications increase, we may even need to launch over a hundred."
Even this was an understatement!
Many attending the meeting did a mental calculation and realized that the more Energy-Gathering Satellites there were the better. Regardless of how many were launched, it was never going to be enough to meet the demand.
The demand now was multifaceted, for instance, small space shuttles, high-power Z-wave satellites, and of course, the ’bottomless pit’ that was the Unlimited Power Automobile. freewebnoveℓ.com
With more Energy-Gathering Satellites, more Unlimited Power Automobiles could be manufactured.
The manufacturing of Unlimited Power Automobiles was essential, as they could bring in a continuous high profit.
At least in the short term, they couldn’t do away with the profits from Unlimited Power Automobiles.
Unless one day they managed to launch many Energy-Gathering Satellites at once, resulting in a large surplus of transmitted energy, they would then consider a simpler way to make money, such as directly selling light energy receivers and converters or leasing part of the transmission energy to other automobile manufacturers.
And this was just on the Yixing Company side.
The higher-level department was very interested in the Energy-Gathering Satellite and space optical energy transmission technology, and hoped to buy part of the transmitted light energy from Yixing. It could not really be called ’buying’, rather they hoped to use Yixing’s technology to directly manufacture and launch Energy-Gathering Satellites in order to provide auxiliary energy to space shuttles in the future.
And so on.
Again, the same phrase, no matter how many Energy-Gathering Satellites were made, they would never be enough.
Yixing’s internal discussion about future developments focused on the Energy-Gathering Satellites. Additionally, the discussion included other areas, such as the development of the Unlimited Power Company, which mainly involved a significant investment to expand the service industry chain.
The proposed solution was to acquire a professional service company to provide follow-up services for the Unlimited Power Automobile.
Besides, the production and manufacturing of the second batch of automobiles also had to be scheduled.
On the Yixing Technology side, the focus was on the manufacturing of high-functionality Z-wave satellites, while R&D had to begin on designing small space shuttles.
A proposal was immediately approved, "We need to establish a high-tech manufacturing base in the vicinity as the company’s main experimental base."
Previously, Yixing was researching technology, and a fully equipped operation room was almost sufficient.
Now, entering into the development of small space shuttles required a high-tech manufacturing foundation to continuously experiment with various technologies.
While developing the small space shuttles, it was also necessary to apply to the higher authorities for the construction of a gravity-defying propulsion system exclusive to Yixing.
"We cannot always rely on the Aerospace Bureau’s anti-gravity propulsion system to transport our satellites and spacecraft."
"That way, we would incur a lot of expenses in the future, and it would be very inconvenient."
"We also need the capability to manufacture anti-gravity propulsors independently, to research and develop, manufacture, and use them alone," Zhao Yi remarked.
Wait.
The internal discussions at Yixing about future expansion had led to a multitude of plans, each seemingly crucial and impossible to delay.
This would require a significant amount of manpower and financial resources.
The company’s expansion plan was imminent, necessitating the recruitment of more scientific and technical talent, manufacturing talent, and talent in various other fields.
Each department had to substantially expand in order to meet the needs of research and development in their respective areas.
As the company’s size and workforce continued to grow, departments such as finance, logistics, and legal, all had to increase their staff.
At the core of a series of plans was the fundamental need for a large amount of money for support.
Where would the money come from?
The sale of the Unlimited Power Automobiles had indeed brought in a sizable sum of money, but relative to the planned investments, it still could be described as ’a drop in the bucket’.
"Over the next year, we must invest no less than eighty billion in research and development," Zhao Yi announced.
"Given our current pace, we can launch at most three Energy-Gathering Satellites, managing to sell less than sixty thousand automobiles. Moreover, the light energy transmitted by the Energy-Gathering Satellites isn’t sufficient to cover other areas," he continued.
"This will significantly slow down our development pace," Zhao Yi added.
"Therefore, I suggest that the company should go through a second round of fundraising!" he proposed.
After continuous internal discussions, the conclusion was reached that a second round of fundraising was necessary. For rapid development, considerable financial support was a must, or else the company could only progress slowly.
If the company were to rely solely on the revenue from the sale of Unlimited Power Automobiles and reinvest it into research and development, the pace would truly be too slow.
Zhao Yi also wished for a faster pace of development; he did not want to see a situation where, despite having mature technology, limited funds would force the company to develop slowly, and, after several years, still be constrained by financial limitations, preventing the full potential of their technology from being realized.
Thus, he agreed with the suggestion to fundraise.
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A month had passed.
The Unlimited Power Automobiles were being continuously produced and swiftly delivered to the owners. Ten thousand units had already been sold, and more than half had been delivered.
The Unlimited Power Automobile was indeed attractive, and when many owners received their vehicles, the cars became incredibly popular domestically and internationally via online platforms.
Many celebrities and internet personalities made a point of finding Unlimited Power Automobiles to take pictures with.
An interesting phenomenon was that the Unlimited Power Automobile seemed to become the most popular ’rental’ car, with online offers reaching as much as ten thousand Yuan per day. And the renters, just by participating in simple test drive events with the car, were able to garner massive viewership.
At the same time, the Unlimited Power Automobile became the hottest ’second-hand car’ on the market.
Some owners resold their Unlimited Power Automobiles for as much as two million Yuan, a price even higher than what they paid originally.
Meanwhile, many people online were calling for Yixing to produce more Unlimited Power Automobiles.
At this juncture, Yixing suddenly disclosed the company’s financial status.
A normally operating company revealing its financial status isn’t usually a big deal—most people lose interest after a glance.
But the figures released by Yixing Company were truly stunning.
In the quarter before last, Yixing Company had expenses of 4.3 billion Yuan, with a revenue of 100 million Yuan, resulting in a net loss of 4.276 billion Yuan.
In the last quarter, Yixing Company had expenses of 3.1 billion Yuan, with a revenue of 17.9 billion Yuan, realizing a net profit of 11.923 billion Yuan.
The financial status of Yixing Company, once disclosed, sparked substantial public discussion.
"A loss of over forty billion in the quarter before last, to a direct profit of a hundred and twenty billion last quarter!"
"This must be a joke, right?"
"Unlimited Power Automobiles are really so lucrative! They make so much money!"
"Well, that’s normal. Super high-tech, of course, the profit margins are high!"
"I heard Yixing has applied to sell Unlimited Power Automobiles in twenty-seven countries, and some have already agreed!"
"In the future, we can buy Unlimited Power Automobiles overseas, the market will definitely be broader!"
"It’s said that sales abroad will be more expensive. By then, the revenue from selling cars will definitely be higher!"
"Stop focusing on just the profits from selling cars! Haven’t you noticed? Yixing’s research and development expenditure averages a billion a month!"
"Yeah, that’s super high!"
"Yixing’s major expenses are in research and development. They are a technology company, their R&D spending is almost catching up to those top international companies."
"It’s probably going to be even higher in the future!"
"However —"
Some keyed into the crucial issue, "At this moment, why would Yixing suddenly disclose their financial and business status? What’s really behind it?"
