As January 1, 2022 arrives, according to the Gregorian calendar, the new year has begun.
On New Year's Day, Bai Yu and others arrived at the company early and began to review the income and expenditure statements for the previous year.
This report already covered the revenue for the previous eleven months. Last night, the company staff worked a little overtime to compile the December report as well.
Then Bai Yu and the others wanted to see this final report to see how much money their company had made in the previous year.
The revenue streams for live-streaming companies are actually very simple, and there's only one way to make a profit: by selling products and taking a commission. Only when products are sold can the company earn money.
On the revenue report, which shows their total sales revenue for the year, a figure of 23.3 billion appeared.
Of the sales revenue generated through live-streaming e-commerce, those with a commission rate of 15% accounted for over 7 billion yuan, those with a commission rate of 10% accounted for over 12 billion yuan, and those with a commission rate of 5% or less accounted for over 3 billion yuan.
Those who take a relatively small percentage of the commission mainly sell seafood, especially seafood produced in their own processing plant.
This year, their company sold over 3 billion yuan worth of seafood from the Yuxue Seafood Processing Plant. Seafood has always been a top-selling product in their live-streaming channel.
As for all that seafood, it certainly couldn't all have been caught by their company's own fishing boats; a large portion of it was collected by Mr. Bai himself at the dock.
Then they process it at the factory and sell it in the live streaming room.
Speaking of the shipping company, it has no profit this year. After deducting the wages and bonuses to be paid to the employees, there is hardly any money left.
The reason is quite simple: their company has increased its fleet. At the beginning of this year, their company only had three vessels: two trawlers and one crab and squid fishing vessel.
However, after a year of development, their company now has eight ships, with two more under construction and five more in the planning stages.
They added five ships in one year, and all of them are already launched and ready to operate at sea. This tells you where their company's money went.
Now that there's already such a profitable live-streaming company, why invest so much in the shipping company? Why not invest more in the e-commerce company?
The answer is simple: live-streaming e-commerce is so profitable, and the profits are generated so quickly that Bai Yu, Li Shuang, and others are terrified.
It's worth noting that this is only because their company doesn't charge slot fees for live-streaming sales, and the commission rate is relatively low. They won't sell products with high commission rates or those that have problems.
If someone can earn over two billion a year with this, Bai Yu wouldn't even dare to dream of how much money they could make if it were one of those streamers who sell anything and don't care about quality.
This is why Bai Yu always felt that the live-streaming e-commerce industry was not very reliable.
He currently enjoys immense popularity and buzz online, and so far, he hasn't experienced any major mishaps.
However, once their company runs into problems, even if they themselves are innocent, if someone is jealous of them and sets a trap for them, and they take advantage of it,
Everything they possess now will vanish like smoke in the wind.
For Bai Yu and his colleagues, the live-streaming e-commerce industry can never compare to the authenticity of running a physical business.
Therefore, the shipping company needs to increase its investment and the processing plant needs to expand its scale. They want their fishing and shipping companies and seafood processing plants to have a certain market share in China.
Only in this way can Bai Yu and the others live a life free from worries about food and clothing, and all their troubles be contained.
As for your concerns, will the large number of ships deplete the resources in our domestic waters?
There's absolutely no need to worry about that. Don't forget that Brother Tongzi has a very powerful passive ability: all the fish caught by the fishing boats under Bai Yu's name will be restored in a short time.
Any vessel registered under their company's name belongs to Bai Yu, and when they go to sea, they can share Bai Yu's luck value.
Although it's not very useful, in most cases the captain still has to find the fish himself.
After reviewing the commission percentages for each item, the next step is to calculate the commission based on the turnover, which totals a little over 2.51 billion yuan.
The actual commission amount was slightly higher than Li Shuang's initial expectations, but it was still quite accurate.
As for their company's expenses, Bai Yu set aside a budget of 300 million yuan. This amount includes the salaries and monthly bonuses already paid, as well as the salary and bonuses for December and the year-end bonus.
There's another 200 million in revenue left, which can be used for dividends on their shares. All things considered, this amount isn't small.
Currently, Bai Yu's company has only about a hundred employees in total, and their company is basically already at saturation.
More than 100 people received 300 million yuan in salaries and bonuses, which averages out to more than one million yuan per person, close to two million.
Tell me, at which company can you earn such a high salary?
Of course, this is just the average wage. Not all employees can earn the average wage; that's unrealistic. There will definitely be situations where some people earn high wages and others low wages.
"Wow, they made 2.5 billion in just one year, that's outrageous!"
Looking at the numbers on the report, Bai Yu uttered his own reflections.
"Of course, but Brother Yu, if we're talking about outrageous things, it's not the speed at which our company makes money that's outrageous, it's the speed at which you spend money."
Look how fast you spend money! You went out for a day and spent two billion! When are we going to transfer that two billion out of the country?
"That's right, this is what the outside world doesn't know about what Brother Yu has done. If this were exposed, I'm sure Brother Yu would break a world record for the fastest and most expensive spending."
"Brother Yu, after this donation, will you also give our company a certificate? I heard that donations can be used to offset taxes. Our company will start paying taxes next year. Do you think we can use this to offset taxes?"
......
As soon as Bai Yu finished speaking, Li Shuang and the others also expressed their opinions, with the most frequently mentioned topic being Bai Yu's speed in spending money.
Keep in mind that Bai Yu only went out for a little over a day, and he sent out two billion yuan. That's a real two billion yuan!
Although Li Shuang and Lu Sheng felt a little sorry for them, that was all they felt; they certainly couldn't voice any opposition.
If it were a donation to a charity, Li Shuang and others might have to think about it, but if you say it's a donation to the military to expand our national defense capabilities, then don't even mention it's only two billion.
If they could, they would like to donate an aircraft carrier directly to the country. As long as they can afford that much money, they would definitely donate it.
They are even now aiming to donate an aircraft carrier, trying to increase the company's revenue as much as possible, so that one day in the future they can directly donate an aircraft carrier to the country.
After calculating the revenue of the live streaming company, the next step is to discuss the donation with the South Ship. This amount of money is not small, and the various steps involved are quite complicated.
It's not that Bai Yu and his group can simply transfer the money to a certain account; rather, the other party needs to provide them with certain certificates and documents before the delivery can be completed.
Just like Xia Jing asked before, donations to the military also come with receipts and certificates. As for whether such donations can be tax-deductible, Bai Yu wasn't quite sure.
After all, their company is currently still under the tax exemption policy, so they don't need to pay taxes. They will only know the specifics after they inquire with the tax bureau once the tax exemption policy ends.
It doesn't matter if you can't deduct taxes, since paying taxes is contributing to the country anyway, so it doesn't really matter.
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