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Chapter 105 - Chapter 105: Profit: 14.4 Million

The next day, it was Monday, the fourth day of the event.

The number of participants wasn't as high, but sales revenue still reached 2.5 million yuan, and no special prize was drawn today.

What puzzled Fang Bai was that his wealth had already reached ten million yuan, but he hadn't received any notification from the Golden Finger that it could be upgraded.

Did all three Golden Fingers have to reach Level 3?

Or was there some other reason?

Perhaps after the event ended?

Fang Bai felt a bit anxious, but after thinking it over, he realized he had already upgraded fast enough. He decided to finish the event first.

On the fifth day, the event continued, with sales revenue reaching 2.6 million yuan, still holding strong.

The main reason was that a car had been drawn, which kept the event booming.

Five cars in five days!

Originally, he had only planned to sell 8 million yuan worth of lottery tickets until they ran out.

Fortunately, he had prepared extra and also communicated with suppliers to restock.

Some manufacturers were out of stock, so Fang Bai had to switch manufacturers or products.

Although materials were scarce and it was a seller's market, as long as the price was right and the quantity was large, manufacturers still prioritized sales. After all, buying in large quantities significantly reduced various cost expenditures, increasing profits, and payments were made upon delivery, with at most a few days' delay.

If Fang Bai didn't continue the lottery event, the people of Wen City wouldn't agree. They had never experienced such a fun and exciting event in their lives, so how could it end?

No, absolutely not!

It must continue; everyone hadn't had enough fun yet.

Alright, Fang Bai would follow the opinion of the Wen City residents, not because he wanted to earn more money.

These past two days, he had visited various connections to deliver lottery tickets.

When Fang Bai gave them to the County Leader, he refused and sternly criticized him: "General Manager Fang, you've been thoughtful, but you can't do this. This is bribing a state cadre, and it's unacceptable.

I hope you focus on doing business properly and don't take these crooked paths. I'll pretend I don't know about this time."

"Leader, I know you are incorruptible and diligent for the people, a rare good official. It is precisely because of this good reputation that I am willing to make large investments in my hometown.

These lottery tickets of mine don't have car or motorcycle grand prizes. I know you wouldn't accept such vulgar things.

These few tickets are just small prizes for appliances, just for the family to play for fun, to add a bit of luck. No one takes it seriously, after all, it's a city-wide lottery."

Fang Bai didn't dare to say to County Chief Gu: If you don't accept it, how would those below dare to accept it? If you don't accept it, everyone will have an opinion of you, and that would be not uniting the team.

"General Manager Fang, that's absurd, nonsense."

"Yes, Leader, you are right to criticize, but this is just this once, there won't be a next time."

"Alright, just this once. Don't make such a mistake again next time, it's unacceptable."

"Yes, I'll keep the Leader's teachings in mind. I just came to report on work, so I'll be leaving now." Fang Bai put down the tickets and then left cheerfully.

County Chief Gu was relatively incorruptible and rarely accepted gifts. Fang Bai dared to give the gift only after understanding his thoughts.

If he had encountered a corrupt high-ranking official, it wouldn't have been a good thing for Fang Bai.

Because he could give, others could also give, and they might give more than him, making competition difficult.

After giving to the County Leader, it was easier to give to the County Leader's secretary. If the leader didn't dare to accept, how could the secretary dare?

Of course, there were also cases where they would go through the secretary first, and then together with the secretary, approach the leader.

When Fang Bai gave to Chen Shi, the head of the industrial and commercial department who loved wild game, he didn't make a fuss about it and accepted it openly. Many employees in his own department were known to take bribes and demand favors openly, and he was aware of it.

After going through the connections and delivering the gifts, Fang Bai breathed a sigh of relief. This matter was too taxing.

On the sixth day, the event continued, with sales revenue of 2 million yuan, a slight decrease, which was normal;

On the seventh day, sales revenue was 1.6 million yuan;

On the eighth day, sales revenue was 1.3 million yuan;

On the ninth day, sales revenue was 900,000 yuan;

On the tenth day, it happened to be Sunday, and there were more people, but the event had been going on for so many days that those who wanted to play had already played, and those who still wanted to play had already emptied their pockets. The event was already sluggish, with sales of 2.5 million yuan that day. This was also because Fang Bai announced that the event would end today, which increased the public's enthusiasm for purchasing.

In ten days, the total sales revenue was 25.5 million yuan.

Continuing to hold it was no longer feasible; many prizes were out of stock, and sales were sluggish. It was estimated that if sales continued on Monday, 300,000 yuan in sales would be good. It was better to end on a high note and leave a good impression on the people of Wen City.

The Xinghai Company's event this time was a city-wide sensation, leaving a profoundly deep impression on the people of Wen City.

Overall, most people were satisfied, considering small losses for entertainment as irrelevant. Only those who gambled with their money felt deep regret and vowed never to buy again.

But what they didn't know was that Fang Bai would only hold an event like this once in his life, and Wen City would only be able to afford such an event once in several years.

In other cities, there wasn't such strong purchasing power, and furthermore, it was too difficult for Fang Bai to establish relationships with local governments.

It was estimated that after this event, various places would frantically copy his model and start their own, with the people of Wen City even leading the way.

However, none of this had anything to do with Fang Bai anymore.

In short, Fang Bai's goals had been achieved: promoting Xinghai Plaza, making money, and expanding his connections in the county.

Three birds with one stone.

The remaining lottery tickets, with a face value of several million, were all voided.

All remaining prizes were returned to the manufacturers, as agreed upon previously.

However, some goods could not be returned. Fortunately, the quantity was small, estimated to be worth about seventy to eighty thousand yuan at procurement price, mainly inexpensive prizes. Fang Bai planned to use them for appliance promotions and a portion as employee rewards.

After the event concluded, Fang Bai notified all staff and sales personnel to come in tomorrow for wage settlement.

When Fang Bai returned home that evening, the family sat on the living room sofa to summarize the event's income and expenses.

"I spent 20,000 yuan hiring Lu Dahai to level the ground;

Purchasing lottery tickets in Jin City cost 160,000 yuan;

Transportation fees, my and Da Kai's plane tickets, and other expenses are estimated at 10,000 yuan. My expenses here are about 190,000 yuan." Fang Bai said while recording in his notebook. He hadn't meticulously recorded expenses when spending, so some could only be estimated.

Fang Shi took out his own notebook and told his son, item by item: "Newspaper advertisements, city-wide tricycle and car promotions, stage setup and tools, fences, costumes, host salaries, etc., totaled 38,425 yuan;

Jing Tian and his team hired one to two hundred temporary workers, at 7 yuan a day, plus lunch expenses and such, which cost 19,500 yuan;

The first batch of goods cost 4.415 million yuan in total. Son, when you came back to order, expenses were 2.6812 million yuan, making the total procurement expense 7.0962 million yuan.

There were also some miscellaneous expenses, about five thousand yuan. I was too busy to count them carefully."

Fang Bai nodded, calculating his father's total expenses, which were approximately 7.1591 million yuan.

His mother didn't manage expenses, meaning that the total expenses above had already reached 7.3491 million yuan.

With a revenue of 25.5 million yuan, a donation of 255,000 yuan was required. Fang Bai planned to round it up to 300,000 yuan, but he only told the County Leader that the revenue was 22 million yuan, mainly because the revenue was too high.

If taxed based on 22 million yuan, the minimum would be 2.75 million yuan. Fang Bai was afraid that if they investigated later and found out the actual revenue, it would be better to just declare 3.2 million yuan for tax based on the actual situation.

He planned to donate a hundred bicycles, costing approximately 15,000 yuan.

The cost of networking and gifts was about 20,000 yuan.

Sales commission was 0.6%, amounting to 153,000 yuan, which could not be concealed. However, people did not know the total revenue, only that it was very high.

For company employee rewards, Fang Bai felt that without management personnel this time, he wouldn't have earned so much money. He planned to reward each of the six people 5,000 yuan, and they could freely take the remaining prizes from the company event, with a total value not exceeding 200 yuan per person, to give to family and relatives. If the company distributed them as rewards, it was unknown when they would finish.

Other regular employees also contributed and would each receive 300 yuan, plus remaining prizes worth 50 yuan.

There were also five part-time university students, who would receive an additional 200 yuan each, besides their regular wages.

As for Wang Dakai, Fang Bai planned to reward him 5,000 yuan.

Regarding relatives, his mother had called three families to help. Fang Bai planned to give each family 3,000 yuan, with his aunt's family receiving a bit more and some home appliances.

In other words, all the above expenses for taxes, donations, labor costs, and rewards totaled approximately 11.1 million yuan.

The profit was approximately 14.4 million yuan!

Liu Fengqing watched her son calculate with his head down. After a while, seeing him stop writing, she couldn't help but ask, "Son, how much money can our family keep, roughly?"

Fang Bai said cheerfully, "After taxes and all other expenses, probably about 14.4 million yuan."

Liu Fengqing was stunned for a moment; she felt somewhat numb to that number.

In these ten days, she had become numb to money. Every day, so many sacks of cash were moved by the bank, and the money in those passbooks kept increasing, along with large expenditures.

She roughly knew they had definitely earned tens of millions, but upon hearing the specific figure, she still couldn't help but exclaim, "This money, three generations won't be able to spend it all!"

After sighing, she asked again, "Son, how much are you planning to give your aunt's side?"

Fang Bai said, "Auntie five thousand, I suppose, and the other two relatives three thousand each, plus some home appliances for each family. Tell them not to talk about it, just say they won a prize."

Liu Fengqing pondered slightly: "Five thousand, that's more than enough."

"Mom, it still depends on what they think. If they feel it's too little, they won't help us in the future."

Liu Fengqing rolled her eyes at her son: "You underestimate your aunt. Maybe they won't even want this money. A few thousand yuan is too much for them. They might accept home appliances, though."

"Mom, I'm just saying. Anyway, I'm not in charge anymore; you can arrange it as you see fit."

Fang Bai felt it was true; they probably wouldn't feel comfortable accepting money, but if he gave them home appliances, knowing his family owned a shopping mall and had such a big event, they might accept them.

He recalled that a while ago, when these relatives learned about Fang Bai's family's financial situation, they were all shocked and disbelieving.

Their relatives were actually super big bosses!

In just over half a year, they had become incredibly wealthy, with a super large shopping mall.

After they had processed the information about Fang Bai's family, these relatives all sent their blessings.

However, Fang Bai's mother still told the relatives to keep a low profile and not to talk too much.

"Dad, why aren't you talking? Are you spacing out?"

Liu Fengqing saw that her husband had been silent, so she kicked his chair with her foot.

Fang Shi couldn't help but chuckle: "I feel like I've had a dream."

Liu Fengqing looked at the sky outside: "It just got dark not long ago. It's a bit late for dreaming. Our family made tens of millions, we're multi-millionaires now."

"Uh, I know, but it doesn't feel much different." Fang Shi now felt that numbers were all pretty much the same. It wasn't as shocking as the room full of sacks of cash every day these past few days. So, when he heard his son say they made tens of millions, he already knew the result.

What needed to be numbed had already been numbed.

"Still no different, huh? Eating and drinking well every day, buying whatever you want. Are you still thinking of changing wives?" Liu Fengqing glared at him, then reminded her son, who was giggling with his head down, "You little brat, don't corrupt your dad."

"Mom, how did this get blamed on me? How could a son corrupt his old man?"

Liu Fengqing criticized sternly: "Hmph, taking employees to foot massage parlors, a team operation, who knows if you'll go do bad things someday."

"I really didn't do anything bad!"

"Anyway, don't mess around. You're almost a married man. If Xiaoyu found out, she'd be sad."

"Oh, Mom, I'll take you to enjoy it another day. It's all legitimate. After a massage, your whole body feels very comfortable. Don't worry, I didn't do anything bad." Fang Bai pulled at his scalp, feeling like he couldn't wash himself clean even if he jumped into the Yellow River. He had a bit of a headache.

"Forget it, I'm not going." Liu Fengqing pouted, but she still planned to investigate whether it was as comfortable as her son said.

After the family summarized the income and expenses, there were several passbooks on the table, containing deposits of different amounts.

Besides this, Fang Bai also withdrew two million yuan in cash from the bank to keep at home for emergencies.

That night, Liu Fengqing had a dream where she saw her husband secretly going to a foot massage parlor to flirt with girls and even secretly keeping a mistress. She woke up in the middle of the night, then tearfully scolded Fang Shi, who was sound asleep, and kicked him twice: "You heartless man, you're keeping a mistress now that you have money."

Fang Shi was woken up, almost kicked off the bed, feeling confused. When he heard his wife's words, he finally understood, which made him laugh and cry: "Oh, wife, you're thinking too much!"

He now had some resentment towards his son. Why did he take the employees to the foot massage parlor for no reason that day, and let his wife find out? He had really screwed his old man over.

After scolding, Liu Fengqing said nothing more and went back to sleep, pulling the covers over her head.

However, she was secretly smiling as she fell asleep.

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