Chapter 843: Song Xiaoli’s Situation (3)

Chapter 843 -342: Song Xiaoli’s Situation (3)

Meanwhile, Extreme Shadow Cars will also release a new model.

The previous two cars were from the Extreme series, and this newly released model is from the Shadow series, named Jade Balance, and it’s an MPV.

This model has seen price increases across the board, with even the cheapest Megrez now costing over four hundred thousand for the highest specification. The previous highest spec was just over three hundred eighty thousand, and the second-highest spec, which is the standard configuration, was three hundred fifty thousand.

The newly released Jade Balance breaks the sixty thousand price point.

“That’s fine, raise the prices, give others some room to survive. Whether they can make it or not depends on their own skills.”

Li Yang doesn’t want to wipe out the new domestic forces completely; he wants someone to stand up and compete.

The more competition, the better!

Anyway, he knows he won’t lose!

Isn’t it just a loss of over a hundred billion? Losing another hundred billion is still bearable.

After the news came out that Extreme Shadow Cars would raise prices, the new car companies started a fierce price war, indeed grabbing some market share. By October, Extreme Shadow Cars’ orders had decreased by about 10%.

Of course, there’s also the reason for the new car replacements.

The overall impact isn’t significant.

After all, those new car companies are unwilling to position cars under two hundred thousand, still trying to reap profits.

If they had made the decision earlier to operate in the under two hundred thousand range, they would have thrived by now.

After all, their design and the excellent power inherent in electric cars are indeed attractive.

It’s hard to say they would sell hundreds of thousands a year, but selling forty or fifty thousand a year wouldn’t be difficult.

Now, they are merely entering the under three hundred thousand range, and sales immediately increased significantly.

Next, Extreme Shadow Cars will rise to the four hundred thousand range, which will be a bonus for them.

Even if they don’t sell, it’s not a problem. They have quite a few lithium battery contracts, signed before the price increase.

Hold out for a year, and lithium battery prices will drop, perfectly avoiding this cost peak phase.

Unlike Extreme Shadow Cars, which sells hundreds of thousands of units a year and can’t possibly stop for a year.

…

On January 6, 2021, Wanliu Capital published its annual report.

Last year, Wanliu Capital’s total revenue exceeded two thousand five hundred seventy billion, with five hundred forty billion in profit from selling fixed assets, seven hundred thirty billion in management fees, and one thousand three hundred billion in financial income.

Expenses: Over ten billion in company operating expenses, two hundred twenty billion in investment expenses, and forty billion in other expenses.

Other expenses mainly included donations and social responsibility commitments.

Pre-tax net profit was around two thousand three hundred billion, with taxes required on fixed asset sale profits and financial income, totaling nearly three hundred billion in taxes.

After-tax net profit was two thousand billion.

This annual report directly outshone all A-shares companies, especially in terms of net profit, with only a small domestic company coming close.

Meanwhile, a dividend plan was announced, with one thousand six hundred billion to be distributed to all shareholders on April 30, equivalent to a one-point-six dividend per share.

When Wanliu Capital was first listed, a share was just three currency units.

If purchased then, it equates to a 50% dividend yield now, and after three years of dividends, the cost of holding those shares is effectively zero.

Even calculating based on the current market cap of over three trillion, a one thousand six hundred billion dividend yields nearly five percent.

However, following the publication of the annual report, Wanliu Capital successfully hit the limit up, breaking a market cap of four trillion.

Wanliu Capital’s annual report is very clean, with almost no miscellaneous items, presenting clearly understandable data.

For such a large company to have such a simple structure is incredible to many.

Currently, Wanliu Capital’s four funds are performing very well, with an overall net value increase of 160% from the beginning of last year to now. Thanks to the A-shares market’s surge, many people’s funds have doubled, especially those who exchanged Extreme Shadow Cars points for financial quotas, making a big profit.

Many people even regret buying shares in a QDII fund, as the points were reduced.

They were blind to the previous profits of the QDII funds, subconsciously thinking investing in A-shares was unprofitable.

In the end, those investing in A-shares ended up making big profits.

Countless people regret their choices, especially those who followed the crowd at the time and withdrew funds first.

Their IDs were blacklisted, preventing them from making new purchases.

Even buying Extreme Shadow Cars faced rejections.

Some, like Jin Mingyu, could still receive services.

Jin Mingyu withdrew his funds after making a 70-point profit and invested in other stocks.

That stock then plummeted by 65%, wiping out all his profits, plus a third of his principal.

Though 70 points of profit seemed substantial, losing just 40% wiped out all previous gains.

He’s now in a frenzy, constantly calculating what if he hadn’t left.

“I’m so stupid, truly. I knew Wanliu Capital couldn’t lose money, yet I pulled my funds out. That was a quota I obtained with great difficulty. If I had stayed, I’d have doubled my investment again!”

“I’m so stupid, truly. Even after withdrawing, I could have bought Wanliu Capital’s stock. Wanliu Capital’s stock doubled again this year, and I could have made lots of money. But instead, I bought a no-name small stock, thinking other institutions would target Wanliu Capital as before.”

“I’m so stupid, truly. I sold a nearly forty-thousand Extreme Shadow Car for twenty thousand, then lost 30% more of my principal. Altogether, I lost over forty thousand, wiping out over ten years of hard-earned wages.”

“I’m so stupid, truly. If I hadn’t left, I’d have at least one hundred twenty thousand in cash now, and wouldn’t be worrying about losing my job…”