2003: Starting with Foreign Trade

Chapter 655 Mr. Zhang's net worth?
Starting from September 7th, the internet has been frequently flooded with leaks about the first model of the vehicle.

Several professional automotive websites simultaneously released a large amount of information about the first generation of the Yuechi model. Although there wasn't much content, the articles were written in a suspenseful style to keep readers on the edge of their seats.

Industry professionals can tell at a glance that it's a press release.

However, ordinary consumers and netizens are unaware of these things, and posts from netizens frequently appear on various forums, such as seeing vehicles with film applied for testing on a street in Beicang District, with detailed and logical analyses.

The hype just quietly built up.

The marketing department acted quickly, contacting the Shanghai International Circuit in just a few days and securing the rights to host the event on October 18th.

Everything is going on in an orderly manner.

That day, just as Tan Jincheng was about to go to Meishan Island, he ran into Zhang Xupeng at the company: "Going to Meishan Island? Didn't you want to see the new cars? Come on, let me show you around."

Comrade Xiao Zhang has been staying in Beicang recently because he is preparing for his engagement ceremony on National Day.

He enjoys expanding markets and setting up stores, but he doesn't particularly like the endless meetings and paperwork at his company. Fortunately, he now has an assistant team, so he can slack off a little sometimes.

These past few days, this kid has been hanging around the Flash Motors headquarters a lot, occasionally listening to Tan Jincheng and his team having meetings, showing great interest in the launch of the new car.

"Not keeping it a secret anymore?" Zhang Xupeng's eyes lit up upon hearing this.

Tan Jincheng rolled his eyes at him: "It's all been publicized, why would I keep it a secret from you? Otherwise, do you think I'd let you sit in on the meeting?"

In fact, a batch of test drive vehicles has already been delivered to car reviewers and major automotive media outlets, who will then provide praise in print and online media based on the test drive performance.

Small-batch trial production is already underway. Today, Tan Jincheng went to Meishan Island to check on the production situation. Before the official launch, a batch of cars needs to be transported to 4S stores and dealers in various places.

"Let's go, what are you waiting for?"

Now that the car was finished, Zhang Xupeng had been wanting to try it out for a long time. Although the entire car manufacturing process had nothing to do with him, he was still very happy that his own group company and his good brothers had all built their own cars.

"Get in my car, I need to ask you something."

“Okay, let’s experience Boss Tan’s Maybach,” Zhang Xupeng joked.

The interior of the Maybach is extremely luxurious and offers excellent privacy. The front and rear sections can be separated, and there are numerous buttons throughout the car. The fully imported model cost tens of millions of yuan.

Refrigerators, color TVs, and large sofas existed as early as the early 2000s; by today's standards, they're definitely cutting-edge technology.

The Maybach of this era is the real Maybach. After being acquired by Mercedes-Benz, the Maybach can no longer be considered a Maybach.

Tan Jincheng's car is quite eye-catching in Beicang, comparable to the Rolls-Royce Phantom owned by the CEO of another company in Beicang. There is only one of its kind in the entire Beicang, making it a very stylish presence in the whole of Ningbo.

Refrigerators, color TVs, and large sofas are cutting-edge technologies that are only available to the ultra-wealthy. In just over a decade, these refrigerators, color TVs, and large sofas will become commonplace in ordinary households. Can this be considered technological progress?
"You can buy it if you want; you can get one for yourself."

"Forget it, I won't steal your thunder. I don't have any plans to change cars for now, and I'm not in Beicang that often anyway." Zhang Xupeng shook his head.

His car is still the Audi A6 that the two of them used when they started their business together. When Tan Jincheng asked him about it when he was getting this Maybach, he refused.

"What do you want to talk to me about?"

Zhang Xupeng casually patted around and asked, "Besides Li Yaohui, the only other person in the car is Zeng Jixiang. They're all family, so there's no need for Zhang Xupeng to stand on ceremony."

"How's your engagement going? If you ask me, why get engaged? Just get married already!"

"We're not ready yet, so let's get engaged first."

Zhang Xupeng winked at Tan Jincheng. His relationship with Nie Ruoxi was different from that of Tan Jincheng and his wife. Tan Jincheng and Gu Qingqing could be said to have supported each other all the way.

Starting with Jinpeng Trading, Gu Qingqing helped Tan Jincheng with some small matters while working part-time. Later, she was even put in charge of managing several online stores. As for the salary she was supposed to receive, it was a bit unsettling.

Given Gu Qingqing's wealth, she wouldn't have done these things if she wasn't willing. Her father-in-law's 300 million yuan investment in Orange Technology's venture capital round also played a significant role.

Zhang Xupeng and Nie Ruoxi met through a blind date. Before officially getting married, Zhang Xupeng needed to settle his premarital assets.

This is not a matter of distrust, but a necessary procedure. The marital problems of wealthy people like Tan Jincheng and Zhang Xupeng are no longer simple marital issues; marriage and divorce can affect the capital market.

Even though Tan Jincheng and Gu Qingqing grew up together, they had a prenuptial agreement.

"It's not finished yet?"

Tan Jincheng was somewhat surprised. He had already told him about this matter, but he didn't expect it to still be unresolved.

"Well, I've been so busy before, and besides, I really didn't think about how much money I had after I started having enough." Zhang Xupeng scratched his head a little embarrassedly. He was shocked to find out how much money he actually had after organizing his finances.

Zhang Xupeng's main assets are shares in the group's parent company and Jinpeng Industrial. In addition, he also holds 0.1% of the shares in listed companies Orange Technology and Flash Technology.

The shares of listed companies are easy to calculate. The combined market value of these two listed companies is approximately 2000 million yuan. As for the shares that are not listed, professional appraisal agencies have also provided an assessment.

A group company with an annual profit of 30 billion yuan, with most of its business in high-tech and new energy industries, can easily be valued at 400 billion yuan in the long run. It is reasonable to value Zhang Xupeng's shares in the parent company and subsidiaries at 20 to 30 billion yuan.

Professional financial institutions estimate his net worth at 24 billion yuan. With the addition of real estate and stocks, Zhang Xupeng's current net worth is 25 billion yuan.

"In fact, Jinpeng Industry is valued at more than this amount. Don't listen to those institutions' nonsense."

Zhang Xupeng briefly explained the agency's assessment of his assets, and Tan Jincheng immediately laughed after hearing it.

"How to say?"

"Most of Jinpeng's factories and GXG stores were bought directly. You know what the real estate market is like right now. In the future, clothing will actually be a side business for clothing companies."

GXG has already opened more than 200 stores, and its sales this year are expected to exceed 3 million yuan. Apart from the outlet project, Jinpeng Industrial has no other major investment projects.

The group hasn't touched Jinpeng's funds this year either. Jinpeng is so wealthy that it can't seem to spend its money. Almost all the new stores opened this year are located in prime locations in major cities.

Most of these shops were purchased directly, and their future value is immeasurable. How could Zhang Xupeng's wealth be so small?

“If Jinpeng can’t spend his money, you can also look for good locations to build some residential buildings and sell them to your employees at a lower price. You are also a major employer.”

In the future, there won't be many companies in the apparel industry whose main business will be profitable. Most of them will be doing it as a side business, with their main business just a facade. For example, Youngor is more like an investment company, and their returns in the financial market are even more impressive than most professional investment institutions.

Some are hidden real estate companies, and Tan Jincheng doesn't know how Jinpeng will develop in the future.

However, it's worth making some advance plans. Even if the main business profits decline, these side businesses can prevent the company from doing too badly. Zhang Xupeng probably can't handle the financial sector, but building a few residential communities is still a viable option.

Zhang Xupeng nodded: "Okay, I'll take advantage of this time in Beicang and do some research then."

Tan Jincheng then looked at Li Yaohui and Zeng Jixiang in the front row: "If you two have money, you can also buy two houses as investments while they are still relatively cheap. However, my suggestion is to buy in the city center, not in Beicang."

Lai Yiu-fai and Tsang Kei-cheung smiled at the same time: "Thank you, boss."

That's the good thing about being around the boss; you can always get some information in advance, and the boss will give you pointers when he's in a good mood. There's no shortage of ways to make money.
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Meishan Island.

The factory area of ​​Weilai Automobile is very large, but many areas are still construction sites. However, one area has been completed, which is the complete vehicle production base of Weilai Automobile.

The model currently in production is the Yuechi A1, the first self-developed model of Weilai Automobile.

"Though small, it has all the vital organs; how about it, not bad?"

Tan Jincheng said to Zhang Xupeng with some pride that Weilai Auto's investment project is quite large, with this phase of investment alone being no less than 20 billion yuan, of which 8 million yuan is its own capital.

Tan Jincheng plans to invest 5 million yuan in product research and development institutions alone. Other investments, such as vehicle assembly workshops, are also large investments, not including engine production.

In fact, the cost advantage is due to the domestic market; if it were overseas, the unit would be US dollars.

When Mr. Wang wanted to acquire a foreign production line, he said something like this: it costs foreigners 1 to 2 million US dollars to develop a car model, while we only need 1 to 2 million. With such a huge cost advantage, it would be hard not to make money.

"Stop showing off. This is small, but judging from the scale of the project outside, you'll be the king of Meishan Island from now on."

Zhang Xupeng rolled his eyes at Tan Jincheng and said that this was his first time visiting the completed Weilai Automobile Factory, and he was quite impressed by what he saw.

"Hehe, that's not enough. My plan is to reach an annual production capacity of at least 12 SUVs next year. Then we can launch new products and squeeze the production capacity of the production line even further."

How much can be produced now?

"If we get things moving now, we should be able to produce about 7000 vehicles, which should be enough for this year. We're planning to ship a batch to the dealers soon. Would you like one later?"

"What do I need it for? I'll just take it for a spin and test drive it later."

"Here's one for Uncle Zhang, either your wife or your father-in-law. Consider it a perk from your buddy, no charge."

"Have some shame! You want my family to advertise for you? You should just take my sports car back."

All our clothes are GXG, our electric scooter for everyday use is made by FlashTech, and now we have a car too. Our whole family has become a living advertisement for the company.

(End of this chapter)