Chapter 161: Chapter 141 Mount Tai Live Broadcast
Chapter 161: Chapter 141 Mount Tai Live Broadcast
The money at home was always managed separately by the couple.
The earnings from Water Cloud Space, including the dividends from Tengsheng Fruits, were managed by his wife.
Chen Pingsheng himself was in charge of Tengsheng Entertainment and Fei Yangyang.
Apart from investing one hundred million to purchase imported equipment, she hadn't much touched the dividends on her side.
The couple began to check the accounts at home.
Chen Pingsheng had originally set aside 150 million for Tengying Entertainment's investment. After the previous investment of ninety million, only sixty million remained.
Although the movie analysis feature was available, profitable movies were truly hard to come by.
He could only analyze one movie a day, and after half a month had passed without finding another profitable one, he simply stopped coming to Tengying and let it be for the time being.
After all, with the investment in that movie and the TV series starring Zhao Liying, Tengying's profits next year should be around five hundred million.
That was completely enough to support Tengying Entertainment's fifty billion valuation.
Once next year was over, his newly founded enterprise's three-year tax exemption would also expire.
On his wife's side, she had already invested in 25 Water Cloud Space clubs in Capital City.
Additionally, eleven were currently being decorated.
There were nearly four hundred beauty therapists in training at the headquarters.
About nine hundred sixty were interning.
Out of them, seventeen had found love shortly after arriving and were sent back home by their parents when notified.
These girls were quite restless, seemingly able to find a boyfriend just by going out for a late-night snack.
If this continued, Water Cloud Space would be known for something else entirely.
Anyway, he did not want any seventeen- or eighteen-year-old girl who liked casual relationships.
"Husband, the ten newly decorated stores are expected to open in February, right? Aren't we already going to be home for the New Year by then?"
"About that time."
Chen Pingsheng had spent over five hundred thousand on a super automatic rebound mattress. Lying on it, he pretended to read a book while reaching his right hand into his wife's clothes to give her a health check.
Mainly to see if she had gained weight at some key points recently.
"If we really can't open until after the New Year, then delay it until after the Lantern Festival. Our family doesn't care about these ten days or so. Let the beauticians have a peace of mind to complete the New Year at home before coming back to work, right?"
Song Yanxi drew circles on his body while lying on her side, "Didn't you say you wanted to host a Splendid Night at the end of December? How's the planning coming along?"
"Almost done."
The only thing that disappointed Chen Pingsheng was that the multiplier for the random increase had decreased.
But as long as he could get five or six hundred million and hit an intermediate multiplier.
That would still be a huge income.
This money was key, as it related to his next year's hypermarket layout.
One concern he always had was that all the business storefronts at home were rented.
If one day, a big challenge came and the number of shoppers halved,
the rents for these storefronts would definitely become a heavy burden on traditional industries.
And now, apart from Tengying, none of his industries could avoid this.
So, for the family business to remain stable, traditional industries must own their storefronts and commercial real estate.
The hypermarket was the commercial real estate he planned to invest heavily in.
As long as this commercial real estate belonged to his family, no matter what changes occurred outside, he should be safe.
It's still the same thing, while he was running a traditional business,
he absolutely could not rely solely on rented spaces; he must have his own reliable commercial real estate.
Even if one day all these businesses collapsed due to mismanagement, he would still be able to rely on his own commercial real estate to rebuild.
So, this money was crucial indeed.
"How is the client groundwork going on your end?"
"No problem there. Beauticians who have high-end clients generally let them know in advance, and with our family organizing an event half a year in advance like this, we might even hit sales of six or seven hundred million."
Song Yanxi was still very confident in the clientele of Water Cloud Space.
Chen Pingsheng had another chat with her, and Principal Hu from the village had also made a phone call to her with Teacher Shen Qing.
The main topic was about the two million yuan educational donation, and the Wangcai Primary School they had invested ten million yuan in building in their rural hometown last year was almost complete.
The village, including the county officials, hoped they would come back for the ribbon-cutting ceremony once the new school was entirely built.
The deputy county head would attend the event at that time.
Many important figures would also be present.
Upon hearing this, Chen Pingsheng immediately refused without hesitation.
He could understand the county's hope for them to return for the ribbon-cutting ceremony,
but it was clear that there was more desire for them to donate some money to the county as well.
This in itself was not a problem; the key question was whose political achievements would the donation be boosting?
They were expected to donate money without even clarifying this, which was completely out of the question.
The smaller the place, the more complex its bureaucratic ecosystem became.
If you donated to one official but not another,
the latter would automatically assume you were aligned with their rival.
In short, while it was essential to maintain close relations with the administration, one must keep a significant distance from political machinations.
Yang Qian's father was a prime example of this.
He was useful when needed, but easily discarded and even imprisoned when he no longer served a purpose.
Of course, this was also largely due to his own irregularities in managing his business.
He just did not wish to get involved in those matters.
Besides, his enterprises were all in Capital City; there was simply no need to deliberately get close to anyone.
After understanding his thoughts, Song Yanxi transferred the two million yuan scholarship fund back to Wangcai Primary School's account.
As for going home for the ribbon-cutting, that was naturally declined as well.
The following day, Chen Pingsheng went to the Capital City headquarters of Fei Yangyang.
There were already over seventy Fei Yangyang Hotpot City restaurants in Capital City, making the brand quite renowned locally.
Gao Hu was also making quick progress in Sha City, with more than twenty restaurants already in the decoration phase.
They were expected to open around the Chinese New Year.
After careful financial calculations by the finance department, Fei Yangyang's current net profit margin was maintained at around 3%.
The monthly turnover for the over seventy local restaurants in Capital City was about approximately sixty million yuan.
A single restaurant's monthly revenue was generally above six hundred thousand yuan.
After all expenses, the monthly profit was about 1.8 million yuan.
It might seem like a lot, but considering they had invested over two hundred million yuan in Capital City,
Of course, several dozen more restaurants were still being decorated.
With such a profit margin, it was far from enough to cover the wages.
However, he was already paying his employees the top salaries in the industry.
After keeping busy on this front for over a week, he finally visited Chang Fu.
This was, in fact, the first project he had launched after establishing Tenghui Capital,
Despite the small sum of five million yuan invested,
Curiously, Chang Fu started depositing over two hundred thousand yuan into his account from the first month of business.
Thereafter, it was over five hundred thousand yuan every month.
Facts proved that this small investment of his was a massive success.
Chang Fu might seem careless, but he really had a knack for managing those live streamers.
Unfortunately, despite the substantial profits, the livestream market was still too small.
He had never visited even once.
"Everyone, please stop for a moment," he called out.