Volume 8 Final Chapter Chapter 1176 The First Driving School
Although Master Pictures is small, it has everything it needs. Nan Yi will only give it start-up capital and certain connections in the circle, and nothing else.
From commercial and residential buildings to restaurants, Nan Yi talked a lot with Xie Yongchuan and Xie Weiwei. He told them all his expectations and general ideas for his master's film industry. At the same time, he also gave the two of them the greatest authority, allowing them to do it boldly without any worries.
After the meal, I chatted with Zhao Qing'er alone for quite a long time and discussed some issues, such as the fact that Master Films in Beijing is just a shell, and the business operations go through the "shadow" company of Master Films in Ikh Ju League because there are tax incentives there. Also, some issues that are easily encountered in business operations of enterprises, such as industry and commerce, taxation, human resources, etc.
It also focuses on explaining the links in corporate operations that are prone to problems, and which positions can embezzle the company's money in what ways, and to what extent it can be tolerated...
Things like these were crammed into Zhao Qing'er.
Finally, I explained to her the meaning of legal representative and that the legal representative of Master Films would be changed to her name in the near future.
Give her a sense of urgency and put some tight control on her so that she won't psychologically take the company lightly.
After explaining everything to both parties, Nan Yi temporarily put aside his master's film business affairs.
the next day.
Nan Yi arrived at .
As soon as I entered the teahouse, I saw Ah Jing sitting at a table, holding a rice spoon in her hand, scooping rice from the rice cooker.
Nan Yi walked forward, took the bowl from A Jing, sat down next to her and started eating.
Ah Jing rolled her eyes at Nan Yi and said, "Brother Nan, don't be polite. Just treat it like your own home."
"No, I'd better be polite. Ah Jing, tell the kitchen that there is enough food. Don't make more. It will be a waste if you can't finish it."
"Eat you to death." Ah Jing rolled her eyes at Nan Yi again and served herself another bowl of rice. "Why are you here so early? Didn't you meet at 7:30?"
"Since I'm coming here anyway, I might as well come early and have a meal at your place." Nan Yi took the soup handed to him by A Jing and smeared some oil on her hand. "Damn it, Xu Niang is middle-aged, but her hands are still so tender."
"My thighs are smoother, do you want to touch them?" A Jing gave Nan Yi an ambiguous look.
Nan Yi smiled awkwardly, "Let's do it another day. Let's eat first."
Such jokes are just a daily occurrence between Nan Yi and A Jing, and no one would take them seriously.
Ah Jing is still engaged in the patchwork business where she used to thread the needle. She is sensible and knows what she can and cannot do. She is also authentic in her work and always strives for a win-win situation. Her network of contacts is growing day by day. Therefore, over the past decade or so, her colleagues have come and gone like a passing stream, but she has always stood firm.
The two didn't talk much during the meal.
After the meal, Ajing personally brought out the utensils for making tea and made a pot of golden can tea for Nan Yi.
Gold Can Tea is a product hyped up by Lu Yu Tea Industry. A can of tea contains 40 grams of tea and 10 small boxes. The terminal selling price is 3998 yuan and the ex-factory price is 1950 yuan, leaving a profit margin of more than 2000 yuan for the seller.
The tea is good tea. The tea trees are planted on the top of the mountain, absorbing the essence of the sun and the moon. The land where they are planted has never been polluted by chemical fertilizers or pesticides. The usual pests and diseases and the regulation of soil nutrition are controlled only with biological agents. The thing is definitely good, but its value is inflated, and the bulk of the cost goes into marketing.
The tea in Jing Teahouse is directly supplied by Lu Yu Tea Industry, and there are all kinds of good tea. Ah Jing does not want to brew other teas, but insists on brewing gold can tea, which is clearly a sarcasm towards Nan Yi.
The best response to sarcasm is sincerity.
Nan Yi took a sip from the teacup, and after his throat was moistened, he complained: "Golden Can Tea is not a good tea. The net profit of one gram of tea is only a little over 20 yuan. The money has been earned by others. I will see the situation in the first half of this year. If there is still no improvement, I plan to give up."
A Jing rolled her eyes at Nan Yi for the third time. She was the general agent of Gold Can Tea in Beijing and Tianjin, the "other person" Nan Yi mentioned. She made a lot of money by selling Gold Can Tea.
"Brother Nan, do you really have to argue with a weak woman like me?"
Nan Yi chuckled, "The day before yesterday, the Disabled Persons' Federation came to me and issued me a Level 4 Certificate for Mental Disability. They also left me a barrel of oil and two bags of noodles. I am also a vulnerable group now. Do you believe that if I bite you twice, the police station won't arrest me?"
"Why don't you get a level two? There's no subsidy for level four." Ajing teased.
"I have a job and I earn several thousand dollars a month. I can support myself and I won't add burden to the country."
“Hahaha.” Ah Jing said happily: “Brother Nan, you want to make me laugh to death.”
Nan Yi chuckled and turned to look at the furnishings of the teahouse. "You're great. It's been more than ten years, and you haven't even thought about redecorating it."
“Things that are older have more charm, and many tea drinkers come here for this charm.”
“Can you make ends meet by relying on tea customers?”
Ajing's place not only has fake tea drinkers who are looking for a way in, but also real tea drinkers who come just for the sake of drinking tea.
"I'm content with earning 10,000 or 20,000 yuan a month." Ah Jing said, and suddenly changed the subject, "Brother Nan, can you give me some of the shares of the First Driving School?"
Nan Yi turned back and stared at Ah Jing's face, "Which side?"
At that time, Xueshan Trust invested in Zhang Yiming to run a driving school. In addition to the normal business of the driving school, there was also a related but independent land hoarding business. The two sides belonged to different companies and had no affiliation, except that the major shareholders overlapped.
“Odd-Even Real Estate.”
"We can talk, but there is no discount, only equal exchange."
Ah Jing breathed a sigh of relief, "It's good to talk about it. I was worried that you wouldn't be happy about it, Brother Nan."
Nan Yi waved his hand, "There's nothing to be unhappy about. Benefits and risks are twin brothers. Meng is inseparable from Jiao, and Jiao is inseparable from Meng. Where there are benefits, there are risks. It's good to have more people to share the risks. I can do it here. When Yiming comes, you can ask him what he thinks."
Nan Yi was not being polite. At a glance, the prospects for land hoarding were bright, and land prices were rising rapidly, but in fact, this business was almost done. The country had more and more restrictions on land hoarding, and the policy of collecting the added value of idle real estate land was about to be released.
The profits from real estate and land have tended to be concentrated in local urban investment companies. There is not much room for individuals to maneuver. If they continue to play this game, it will not only be a moral issue, but it will be almost impossible to obtain huge profits without violating regulations and laws.
If it goes smoothly, with billions of funds invested, after five or six years, the book profit will be tens of billions, but the actual profit is unlikely to exceed the initial investment cost. There is a huge risk, and the annual appreciation is only a few percent, which is not a good deal.
Zhao Jinshui had long been thinking about withdrawing, and it would not be long before the funds were withdrawn. Of course, Ah Jing's entry at this time could not be considered a trap, but Snow Mountain Trust was a bit harsh in its pursuit of risk control and profit margins in this area. The business that Snow Mountain Trust abandoned was something that many people wanted but could not get.
"good."
For Ajing, there wouldn't be any problem with Zhang Yiming. In fact, she had already talked to Zhang Yiming about it, and it was because they had reached a tacit understanding that what just happened happened.
In just a few words, a preliminary agreement was reached on a deal that should be worth a considerable amount. The two of them talked about land, and Ajing mentioned the stock of a company that operates a sewage treatment business.
The stock code is ST Black Tiger. The closing price before the suspension in April last year was only 0.98 yuan. The troubled ST Black Tiger was forced to restructure. However, such a junk stock before restructuring was spotted by a female star and a male host at the company's worst time. They bought it twice, each of them invested about 3 million yuan.
Every stock investor knows what ST stocks mean. Although the current celebrities and hosts can be considered high-income earners, three million is definitely not a small sum for them. If they lose it, they will definitely suffer a lot. Who the hell would believe that there is no trick when they say they can spend a large sum of money on a junk stock?
Just when Ajing was about to tell the inside story, Zhang Yiming came by chance. Nan Yi could only put aside his curiosity and go to the box with Zhang Yiming.
Since Nan Yi and Zhang Yiming had only met once or twice a year in the past few years, the two exchanged pleasantries for a long time and then got down to business.
Zhang Yiming took out a tablet and showed Nan Yi the growth of driving schools and the number of people learning to drive in various cities in the past few years. Basically, the growth rate of the number of people learning to drive has exceeded that of driving schools, resulting in a situation where supply is less than demand. Students are still using backdoors to get on the car early, and driving school instructors are still a profession with relatively high implicit benefits.
After talking about one table, I turn the page to the next one, which is a data table of private car ownership in various cities over the past five years, followed by data tables of various driver's licenses, and then local policies. For example, many regions restrict driving schools from recruiting out-of-town students or have ratio restrictions.
After Zhang Yiming finished his explanation, Nan Yi took the tablet and read through each data sheet carefully again, asking questions or describing the problems he had found while reading.
"Yiming, have you ever compared the number of private cars and driver's licenses in various cities?"
Zhang Yiming nodded. "After comparison, the number of driver's licenses in each city exceeds the number of private cars. The number of driver's licenses in the country is 107.64 million, and the number of cars is 58.42 million, with small passenger cars accounting for about 47%."
"How much is it for those with less than three years of driving experience, and how much is it for those with less than one year of driving experience?"
Zhang Yiming recalled for a while before saying, "57 million and 14.5 million respectively."
Nan Yi said without even looking up: "Pay attention next time, these two data are very important. Without these two data, we cannot make an accurate assessment of the market prospects of the driving school.
Flowers do not last forever, and the tides rise and fall. The No. 1 Driving School’s business cannot continue to be prosperous forever. We need to adjust the assets of the No. 1 Driving School before we reach the peak, and then launch a public listing.”
Nan Yi raised his head and put the tablet aside, "Yiming, you should consider a new way out. In my opinion, the driving school will only be prosperous for five or six years at most, and then it will start to decline.
The listing work is tentatively scheduled to start in 2010. Even if the timing is not very good by then, we must be prepared to cash out part of the shares.
Starting this year, all decisions must be made around listing. Investment plans should not be too long, and results must . As time goes by, the time will decrease. "
Zhang Yiming thought for a while and said, "Brother Nan, even if your speculation is correct, there is no need for us to launch the No. 1 Driving School on the market so quickly, right? We can wait until after 2012 before considering it."
"Selling off at a high price can make more money and make the sale look more attractive. Besides, I have some other ideas. Maybe the stock price can rise several times in the future."
Zhang Yiming asked, "What's your idea?"
"It's hard to say now. Send me a report every quarter, including industry data and our own business conditions. I need to study it for a while, and maybe I can tell you in a year."
Nan Yi is very concerned about the No. 1 Driving School because its business is booming.
The No. 1 Driving School has 10,573 training cars. On average, one car can carry 24 students at full capacity each month, and the gross profit for each student is around 1,500 yuan, which means a total gross profit of 4.567 billion yuan a year.
After deducting miscellaneous costs such as venue and vehicle maintenance depreciation, employee salaries, and hidden costs, nearly half of the pre-tax gross profit ultimately belongs to Snow Mountain Trust and Zhang Yiming. Snow Mountain Trust has received dividends of over 200 million for four consecutive years, with an overall net profit of over 500 million.
Snow Mountain Trust's total investment in the First Driving School is less than 300 million yuan, most of which comes from loans. However, the First Driving School's current fixed assets can be assessed at 1.2 billion yuan. If it were sold as a package now, it could be sold for more than 4 billion yuan.
I definitely won't sell it. I'll make money for a few more years. I'll sell shares before the listing and reduce my holdings after the listing. With a whole set of combined punches, it won't be too difficult to make a profit of 8 billion before tax. If Nan Yi's immature idea comes true, he can make a few more waves later.
When the industry is depressed and is hanging on by a thread, with most of the profits used for dividends, shareholders will surely applaud and praise it, saying it is a truly conscientious enterprise and a breath of fresh air in the darkness.
Of course, this was the worst option. Nan Yi still hoped to implement the best option, which was to provoke an enemy with the strength to acquire the No. 1 Driving School for Zhang Yiming, and use various tricks to snipe the No. 1 Driving School's stocks, and then enter the game forcefully, rushing to the No. 1 Driving School's board meeting room with its own background music, and slapping Zhang Yiming in the face, "I said, you are not my opponent, you can leave now, you don't need me to call security, right?"
It would be great if such a person really existed. Nan Yi would not only act as a guide, but also help to prepare bullets. When everything was settled, he would pay for him to write an autobiography "My Times", and then adapt it into a film or TV series.
By the way, I have to ask him for some sponsorship to recover the costs before filming begins.
Zhang Yiming agreed happily. Along the way, his cooperation with Nan Yi was quite comfortable. Except for the accountant, no one was sent to the First Driving School. He had the final say on specific matters, and Nan Yi would only give advice on grand strategies.
Moreover, facts have proved that every suggestion is correct. He knows very well that the No. 1 Driving School can be where it is today because of his hard work, and the greatest credit should go to Nan Yi, so he is happy to accept Nan Yi's suggestions.
After talking about the No. 1 Driving School, the two chatted about Qiou Real Estate for a while. Then, they invited Ajing into the private room. The three of them discussed the shares for a while. They only talked about the approximate amount. The specific details would have to wait for Zhao Jinshui to send someone to negotiate.
…
After a night, Nan Yi appeared in Xiangkeng.
It was quite strange that when Nan Yi arrived at the Lavender Manor, he actually learned from the servants that Zhao Shixian did not go to work.
I went straight to the study, but didn't see anyone there. After looking around, I found him in the music room.
Zhao Shixian sat on the carpet, leaning her back against the sofa, listening to Sinead O'Connor's "Daughter Of Heaven" while flipping through some materials in her hands.
Nan Yi walked up and asked, "What are you looking at?"
“UBS listing report.”
"What business?"
"Beijiao Garden."
"oh."
Nan Yi sat down next to Zhao Shixian and picked up another document on the sofa. The cover had a few big words written on it: "Beijiaoyuan IPO Prospectus". He flipped through it and soon saw the biggest selling point of Beijiaoyuan marked on it: We are one of the real estate developers in China with the largest and low-cost land reserves. These reserves provide strong support for our future growth and profitability.
"What do you think?"
"Interesting." Zhao Shixian pointed to a paragraph in the report. "Look here. Beijiaoyuan's Phoenix City project in Zengcheng has a land price of 30,000 yuan per mu, while the land price of Huanan Beijiaoyuan is 68,000 yuan per mu. And here, Beijiaoyuan's land reserve has reached 54 million square meters. How many mu is this?"
"81,081 mu, 54 square kilometers, almost catching up with the area within the second ring road of Beijing."
"Look here. By the end of 2006, the company had a debt of 4 billion yuan, with a net debt-to-equity ratio of 160.1%. And here, Beijiao Park has 51 projects at different stages of development, 26 of which are located in Guangdong Province, and the remaining 25 are located in Hubei Province, Hunan Province, Jiangsu Province and Anhui Province."
Zhao Shixian put down the information in his hand and looked at Nan Yi with burning eyes, "I need a forecast report on the mainland's real estate policy for the next two years."
"Look at what I'm doing. If you want to report it, just contact Creativity Real Estate."
"I will. I also need the forecast report you wrote. You have always been very forward-looking about the policy direction of the mainland."
Nan Yi thought for a moment and then said, "You want to short Beijiao Garden?"
"My idea is to go long first and short later. In the short term, there will be some good news about Beijiaoyuan, but I am not optimistic about it in the long term."
“Not enough subprime loans?”
Zhao Shixian shook his head. "Beijiaoyuan is a good target for operation. I want to set a higher profit target."
"Okay, just think of it as writing one more paper." Nan Yi stretched and asked lazily, "When will Beijiaoyuan go public?"
"The 20th."
Nan Yi calculated the date and said, "It's Friday. I haven't traded stocks for a long time. Please help me open an account. I want to buy new stocks."
Zhao Shixian was surprised and asked, "Why do you suddenly want to trade stocks?"
“It’s needed for lesson preparation.”
Zhao Shixian said with a smile: "What a good Sir."
"Mr. Nan has many students all over the world, and he has carried coffins for 678 years. He has reached the age of decline. While he is still energetic, he should experience a different lifestyle, be a teacher for a few years, and experience the feeling of a philandering man." Nan Yi sighed, "Thirty years of loyalty is enough, it's time to spend some time."
Zhao Shixian glared at Nan Yi fiercely and said, "Eat shit."
"Together."
"I don't want to bother with you."
Zhao Shixian packed up his materials, stood up and walked out of the music room.
