"In Yangcheng, just got off the plane."
Imagine many years later, when Bihu becomes popular, there's a topic question:
"What was your experience attending the Canton Fair for the first time?"
Tan Jincheng felt he was absolutely qualified to answer once.
The still-in-use Liuhua Exhibition Hall and the newly opened Pazhou Exhibition Center were absolutely fascinating places for Tan Jincheng in 2004 and 2005.
Tan Jincheng earned his dream "first pot of gold" here.
The profits from two exhibitions were enough to support Tan Jincheng's electric two-wheeler dream.
Over ten million yuan in profit dividends were sufficient to cover the new factory's operating expenses for a year, and Tan Jincheng officially resolved his entrepreneurial worries.
On May 6th, after two days of wild fun, with Zhang Xupeng being the most satisfied among the group of four, as they boarded the flight to Yongcheng, returning with a full harvest, this Canton Fair also announced its results.
Apparel, textiles, and footwear all performed poorly, experiencing declines.
The apparel category decreased by 4.1% compared to the previous session (Spring), with a total transaction volume of 2.74 billion USD.
Textile transactions reached 2.18 billion USD, a decrease of 0.3%.
The worst performer was footwear, with total transactions of 750 million USD, a significant drop of 23.2%!
However, if the east isn't bright, the west will be.
In a country with rapidly rising comprehensive national power, no amount of policy restrictions is useless.
Apparel and textile categories showed negative growth due to policy reasons.
Naturally, new industries emerged.
Electronic product exports, represented by machinery and electrical products, increased by 10.3% this year, reaching a transaction volume of 11.93 billion USD, surpassing the second-largest category's 9.19 billion USD, dominating the entire exhibition.
Apparel remained second.
Electronic products, apparel, and textiles were still the two major trump cards for exports.
In addition, the building materials industry also emerged as a dark horse this year, with a 39.9% increase, achieving 830 million USD in transactions, surpassing footwear and ranking fourth in transaction volume.
Is the era of the infrastructure giant about to begin?
After Tan Jincheng returned to Yongcheng and saw these numbers, his somewhat complacent mood gradually calmed down.
At 2.74 billion USD, Jinpeng Trade's share wasn't even a fraction of a fraction.
What a disgrace for a 'reborn' person!
Others are reborn and are revered everywhere, while I'm reborn just to make a small sum, not even enough to 'drink soup,' and I'm already getting ahead of myself!
Zhang Xupeng's mood was also not so great.
The excitement of making money and the swagger of the Guancheng trip all cooled down with Liverpool's 1-0 victory over Chelsea at home!
"No, how did they win?"
Zhang Xupeng, lying on his office chair, couldn't figure it out after thinking for a long time, then suddenly jumped up and said.
On the day of the match, the group was having a blast and didn't pay attention.
Only after checking the news upon returning did he realize they actually made it to the finals!
Is there any justice!
Garcia's goal was truly miraculous!
"Why couldn't they win? In a knockout match like this, luck is also a big factor. Besides, Liverpool played away first, then home. After holding a 0-0 draw away, they already had the advantage. Do you even understand football?"
"Is this about understanding football? Is this what I'm talking about? Is this what I'm indignant about?"
"Haha, whether you're indignant or not, it won't matter. My luck is just that good. Now, no matter who wins the championship, I'll make money. Just accept your fate."
"No way, I have to bet 100 yuan on Liverpool to win the championship, just to support them and make Milan lose, so you won't be so smug."
"You're out of your mind. The final opponents are already out. How much money can you even win if you bet now?"
Tan Jincheng pouted.
Could the odds now be the same as right after the group stage?
Hehe, I'm different.
Later, I'll secretly bet a large sum on the final score.
Surely no one would expect these two teams to draw 3-3, right?
I just don't know what the odds for that score will be.
But I'll also buy a few bets for 0-0 draws, 1-1 draws, and so on.
That would be best.
"Then I'll buy too."
"Suit yourself. Don't worry about that for now. Let's go find the finance department and calculate the profit dividends first. I need the money."
They had already arranged with the finance department before returning to settle the profits from last year and the first quarter, deducting taxes and other expenses to see how much they could receive.
The tax rate for shareholder dividends is 20% for individual income tax.
If obtained from a listed company, the tax can be halved.
If invested in the form of an enterprise, dividend income can be directly exempted from tax.
However, none of these applied to Tan Jincheng, so this tax definitely had to be paid.
It seems that for future investments other than stocks, it's better to use the company's name.
However, it's not without benefits; the two biggest factors a local government considers when judging a company's importance are job creation and tax revenue.
The taxes paid by the founder are also a major consideration.
The reason Tan Jincheng was in a hurry to handle the dividends wasn't entirely because he was eager to buy stocks.
In fact, Zhang Mingcan had already found out about a factory building for him.
Zhang Mingcan understood machinery and equipment, and according to him, he hadn't seen any particularly cost-effective used machinery and equipment so far.
Either the equipment was too old, or the asking price was too high.
However, he did help Tan Jincheng find a factory building, also located in Xiapu Town, specifically Shanqian Village, between Hedong Village and the overpass.
This location is slightly closer to the future main urban area, with a national highway and Taishan Road connected.
A subway station will also be built a few kilometers away in the future, so the location can be said to be quite good.
Tan Jincheng also knew that the best thing about this place was that even though it was so close to the urban area, there would be no need to worry about demolition problems even by 2023!
Urban development is bound to bring expansion, and demolition is indispensable.
For businesses, the benefits aren't actually that great, as relocating a large or medium-sized enterprise is quite troublesome.
For some unknown reason, by 2023, there was almost no land left for development near the urban area in Beicang District, but this particular area was never demolished.
So, if the factory building introduced by Zhang Mingcan truly has a suitable area, it could be used for at least over 10 years.
As for the equipment, if they really can't find suitable used equipment, then they'll have to buy new.
Price is one aspect, but overly old equipment is definitely not an option.
"Let's go, let's go, I'll drive your BMW."
Zhang Xupeng said with a grin.
Ever since he learned Tan Jincheng bought a BMW, he had been itching to drive it.
"Here you go."
Tan Jincheng chuckled as he handed over the car keys.
Leaving the office, Tan Jincheng told Li Yanning they wouldn't be back today.
The two then left the company.
Before walking out, Tan Jincheng looked back and said to Zhang Xupeng,
"If this office were fully staffed, wouldn't it be a bit small?"
"Yes, it is small. When you mentioned hiring in Yangcheng, I originally wanted to tell you about this, but then we changed the topic and I forgot."
"Then you handle it. Either switch to a bigger one or see if there are any offices for rent next door."
"I'll keep an eye out then. Oh, by the way; give me the phone number of the agent you used to buy your last house."
Zhang Xupeng was indeed planning to buy a house here, unlike in his previous life where he bought one in his hometown first.
Tan Jincheng, pulling out his phone, said,
"It should be a bit more expensive to buy now than last year. If you buy, make sure to inquire clearly, especially about mortgage terms and so on."
"Why not pay in full? The money I usually save plus this dividend should be enough to buy a place similar in size to yours, right?"
"You could buy a bigger one, or even two directly. It's not like you can't afford the mortgage. Housing prices are definitely going to rise in the future. What you find expensive now will definitely be even more expensive later."
"That makes sense. When we first arrived, it seemed to be less than 3,500. A few hundred yuan increase a year can also be considered making money."
Tan Jincheng smiled without speaking.
Now it's a few hundred a year; wait until later to see if it scares you to death.
Housing prices around 2004-2005 were actually very friendly.
In most provincial capitals and more developed cities like Yongcheng, prices were mostly around three to four thousand yuan per square meter, while other prefecture-level cities were generally around two thousand yuan.
Take Yangcheng, for example.
In 2004, most of the main urban area was around three thousand yuan.
This year, a zero down payment policy for occupancy was even introduced.
Buying a house in Yangcheng also seems like a good idea?
Anyway, he would be going there often in the future.
Staying in his own house for the Canton Fair seems much better than staying in a hotel.
Once the dividends were received, he would be financially comfortable.
This trip to Hong Kong could be an opportunity to investigate.
There were no purchasing restrictions back then; you could buy as much as you liked.
"Hey, speaking of houses, should we buy one in Yangcheng too? That way, we can stay in our own house when we attend the Canton Fair in the future."
"Are you crazy? You only go to Yangcheng twice a year at most. If you buy a house there and live in it yourself, you can't rent it out to make money; it'll just sit empty."
"Wouldn't that save on hotel accommodation costs?"
"Haha, then you buy it, I won't. I'll stay at your place then, that'll save even more."
Tan Jincheng pouted.
If you don't buy it, then forget it.
I'll buy it, and don't you regret it later.
He remembered a joke from his previous life: ten years ago, a small business owner in Shenzhen, out of kindness, bought a 100-plus square meter apartment for a young, beautiful girl to take care of her and make things convenient, giving her 20,000 yuan in pocket money monthly.
Ten years later, they went their separate ways.
When the house was sold, it turned out he had made several million yuan.
He slapped his thigh, regretting that he hadn't shown such kindness more often back then!
If it was like that in Shenzhen, then housing prices in Yangcheng were likely similar.
Whether Boss Tan would show such kindness later was one thing, but having the opportunity to buy a house in Yangcheng now was not to be missed.
Regrettably, Zhujiang New Town, famous in later generations, was still a large expanse of wasteland at this time.
The meeting with the finance department was arranged at a teahouse.
As the formal meeting began, Lin Qifen, sitting by the window in a private room, watched Tan Jincheng and another person get out of the BMW, her heart filled with mixed emotions.
No one knew the process of these two excessively young bosses getting rich better than she did.
Starting from scratch in just half a year to a net worth of over a million now, after this Canton Fair, a net worth of over ten million was already a certainty.
Especially Tan Jincheng.
This young man was still two months shy of his 20th birthday; in terms of age, this head of Jinpeng Trade was only 5 years older than her daughter, but he had achieved a net worth of tens of millions in just half a year.
He had even ambitiously founded his second company.
As the finance officer, Lin Qifen had assisted with the registration process for Jinyi Industrial.
Just from the company's name, it was clear that Boss Tan had no small ambitions.
"Long time no see, Sister Lin."
As soon as he entered the room, Tan Jincheng greeted her warmly.
"It's fine, I just arrived a moment ago too. I've told you before not to call me 'Sister,' it sounds too awkward."
Lin Qifen replied with a smile.
"Calling you 'Sister' is more endearing, and besides, Sister, you're still young."
Tan Jincheng said shamelessly.
Zhang Xupeng grimaced beside him.
Even Xiao Tan could say such things, and the woman in front of them was only two years younger than his own mother.
Actually, Tan Jincheng calling her that wasn't entirely shameless; he just didn't want to lower his seniority.
Theoretically speaking, everyone connected by work is equal.
Although he was young, he was still a boss, so there was no need to demean himself.
"Alright, call me whatever you like. Let's get started. I'll calculate it for you..."
Lin Qifen said helplessly.
In the quiet teahouse that afternoon, Lin Qifen meticulously explained each expenditure, the tax rates involved, and so on.
Since it was only two quarters, it wasn't complicated, and with Tan and Zhang already clear on many points, it didn't take much effort.
In less than an hour, Lin Qifen clearly explained the profits calculated for the fourth quarter of last year and the first quarter of this year.
A total of 3.3743 million yuan was available for distribution.
She then asked how much the two needed to distribute so the company could withhold the taxes.
"Then let's distribute 3.3 million yuan, how about that?"
Tan Jincheng considered it for a moment and asked Zhang Xupeng.
The company's cash on the books was more than that amount.
After distributing 3.3 million yuan, the rest would be saved for the next distribution.
"I'm fine with it; let's distribute 3.3 million yuan then."
Zhang Xupeng nodded.
He knew Xiao Tan was currently short on cash.
Last time, he even borrowed 400,000 yuan in the company's name, and there was also a 500,000 yuan loan.
Adding the 80,000 yuan he borrowed from Zhang Xupeng, he already owed 980,000 yuan just from these.
He would likely need to borrow more money for the subsequent factory construction, so it would be better to distribute a bit more to him, allowing him to borrow less.
"Alright, since you've decided, I'll transfer the after-tax money to both of your personal accounts by next Monday at the earliest,"
Lin Qifen replied.
"Okay, thank you, Sister Lin."
"It's part of my job, no trouble at all. Congratulations to the two millionaires."
Lin Qifen said, smiling playfully.
As a finance professional, she had handled a considerable amount of money.
A millionaire in 2005 wasn't particularly rare, but a self-made millionaire at 20 was still something to boast about.
Lin Qifen also noticed that their reactions to her congratulatory praise were different.
Boss Zhang looked pleased, while Boss Tan merely smiled faintly.
However, Tan Jincheng's next sentence made Lin Qifen pause.
"Sister Lin, what's your monthly salary now? Are you interested in coming to my new company as a finance officer? My new company needs full-time finance and cashier personnel."
(End of this chapter)
---------------------
Support me on P@treon
[email protected]/charaz
$3 -> 15 chapters in advance
$5 -> 30 chapters in advance
$10 -> 60 chapters in advance
Check my pinned post on P@treon