READ NOVEL ONLINE Chapter 214: Three Years Later
```
October had come to an end.
Overall, Chen Pingsheng had reaped enormous benefits this month.
First, Antler Coffee's reputation soared, followed by Charlotte earning a huge profit.
On the last day of October.
Bobo Milk Tea released its first quarterly financial report since going public.
Total revenue was 680 million, with a net profit of 170 million for the quarter.
This included the 125 million earned from Charlotte.
It can only be said that, thanks to Charlotte's strong box office performance, the financial report for Bobo Milk Tea was directly boosted in this quarter.
On the day the financial report was released.
The stock price experienced a surge, especially after Bobo Milk Tea changed its franchising cooperation model.
Within the thirty days of October alone.
The number of investors applying to franchise Bobo Milk Tea reached a staggering 1300.
An average of around 30 each day.
In the end, over two hundred eligible franchises in fairly good locations were selected.
Outstanding financial performance, coupled with strong market momentum.
The market proved to the Xiangjiang stock market.
That Bobo Milk Tea remains the favorite star milk tea brand among young people.
From the initial stock price slashing to 3.5 per share.
To now surpassing the issue price at 8.8 per share, in less than two months.
Tenghui's decisive move to buy back shares with 380 million to support the stock.
Became the most brilliant battle in this saga.
Not only did it completely stabilize Bobo Milk Tea's bottom line, but it also raked in profits.
When Bobo Milk Tea's stock rose to 9.1 and was still climbing.
Chen Pingsheng finally began to sell off some of the shares.
After slowly cashing out 450 million, he still had stocks valued at approximately 600 million.
As well as 13% of the original shares.
This was the profit he made in the buyback event.
If the stock price continues to stay above nine, then the profit would be roughly over six hundred million.
Yang Mi was stunned by this, knowing it was possible to make money.
But who knew you could make so much?
She thought that cashing out over two hundred million from Bobo Milk Tea had already made her invincible.
She had not anticipated that not only did Chen Pingsheng cash out three to four hundred million during the IPO.
But he also earned another five to six hundred million in this crisis.
You have to admit, he deserved to be rich.
Now, Yang Mi sends messages like this, "Chen Pingsheng, next time there's a crisis in the business, count your Mi in for the saving part, it's our bounden duty to rescue our own enterprise."
The big money-lover watched him make a fortune and now even envied him.
Chen Pingsheng chose to cash out some of his Bobo Milk Tea shares at this time.
Mainly because he held too many tradable shares.
With such strong financial performance, if he didn't sell a portion, it would hinder market liquidity.
Secondly, such a large sale by him could only be conveniently executed while the stock price was rising strongly.
Otherwise, if he sold during normal times, Bobo Milk Tea's stock price might slash in half again.
Perhaps not that drastically, but it would certainly fall for a long time.
This is the influence of a major shareholder.
It can both bolster and erode market confidence.
The money cashed out from the stock market couldn't be amplified by Golden Finger.
Only the 13% original shares he held could.
There's also about a four-month lock-up period remaining.
By March 2016, they could be freely traded.
He was like this.
So were Tong Zelan Yang Mi and others.
Cashing out 450 million now was mainly to purchase the Water Cloud Space building in Magic City for his wife.
By the end of this year, Water Cloud Space had to invest at least five hundred million in Magic City to open a store.
It was essential to buy the headquarters early and arrange the team.
Two large flagship stores are expected to open by the end of December.
Not only will there be Water Cloud Space's most luxurious annual party in Capital City.
Magic City will also host a City of Starlight.
```
Primarily, the rapid rise of Water Cloud Space was because they invited Yang Mi to make an appearance.
Afterwards, they utilized her influence to quickly organize several celebrity meet-and-greet events.
This time in Magic City, they're still employing the same strategy.
It's just that there's more money invested and the scale is larger, that's all.
The goal is to quickly build up a portion of high-end clientele for Water Cloud Space in that area, as well as to thoroughly establish Water Cloud Space's reputation in Magic City.
To quickly penetrate the market, high initial investments are certainly essential.
Song Yanxi, carrying a wad of cash, chose after much deliberation and bought a nine-story headquarters building in Pudong New Area of Magic City.
The sale price was 880 million, a very auspicious number.
The floor area per level is about 3000 square meters.
She took four floors to convert into Water Cloud Space's training academy in Magic City.
The remaining five floors are for the headquarters office.
With such a large floor area, five stories can accommodate up to two thousand people working at the same time.
Currently, Water Cloud Space definitely doesn't need so many people working at the headquarters.
In the next few years, when Water Cloud Space has spread across not only Capital City and Magic City but has also established itself in Peng City and Greater Guangzhou.
By then, they will definitely need it.
The Water Cloud Space headquarters building was also included in the assets of Tengchao Commercial Management.
Water Cloud Space pays Tengchao Commercial Management a usage rental fee for the headquarters building.
Unknowingly, the assets of Tengchao Commercial Management have reached around seven billion.
It's indeed quite exaggerated.
November.
Tengying Entertainment is still actively applying for its IPO, and all procedures are still under review. Find more to read at empire
However, the three-year exemption period for new enterprises is about to end.
Once that happens, they have to start paying corporate income tax.
Before that, it is essential for Tengying to clarify and distribute the money earned previously.
They certainly can't wait until they have to pay taxes to do the distribution.
The financial report of Tengying has not been released to the public, it is only announced internally to the shareholders.
From January to October 2015.
The main income of Tengying was from investing in a TV drama with Zhao Liying which pulled in one hundred million, and investing with Shishi which garnered sixty million.
Plus, the game rights for Hua Qiangu brought in 1.2 billion.
Hua Qiangu's merchandising earned 450 million.
Yang Mi's Three Lives Three Worlds returned two hundred million.
Charlotte's side earned another 450 million.
Total revenue was about 1.4 billion, with the net profit attributable to the company being close to 1.1 billion.
A typical example of investing less and earning more.
Most of Tengying's money has already been spent, and now there is only a little over two billion left.
He only needs to pay the 10% invested by Tong Zelan.
The later purchased 30% share, according to the contract agreement, does not need to share the profits made in 2015.
They are mainly looking to earn from the IPO.
In fact, Chen Pingsheng's financial clarification with Tengying was mainly for Tong Zelan.
Just because he holds the majority stake, he can't use up all the money alone.
Her 10% share could divide up to 110 million.
The rest goes into his own pocket, most of which has already been spent on various purchases.
Now, the financial situation of Tengying is completely clear.
They are lightly equipped for the IPO, just waiting for the stock prices to soar.
Most enterprises do not distribute money after listing.
The reasons are many, but the most important one is to keep sufficient cash flow in the enterprise for development.
Chen Pingsheng feels that Tengying doesn't need to do that at all.
He definitely wouldn't do that, if there are no distributions, then how could he take his own share?
As for Bobo Milk Tea, it definitely cannot distribute dividends in its first year.
The entire operation is still in progress and adjustment.
Fei Yangyang is also in the final stages of applying for its IPO.
Tong Zelan has been working on this for a while, and Fei Yangyang's IPO valuation is sixty billion.
Not too high, nor too low.
In the catering industry, it definitely counts as a giant enterprise.
If Fei Yangyang can successfully complete its IPO this year, then the income will be extremely high.
After a three-year cultivation period, it's finally reaching the season of harvest.