Chapter 58: Daily Profits
Qin Zhuoran glanced at the surprised expression on Meng Yitong's face and smiled silently.
42% of the shares does sound a bit incredible.
But it is also true.
Although he didn't know exactly how many shares his father held, Qin Zhuoran estimated that the Qin family's shareholding in the Qin Group might be as high as more than 80%.
There are two main reasons why the Qin family holds such a high share:
First, the Qin family is rich. Since the establishment of the Qin Group, it has never raised funds or diluted its shares. Moreover, after the company went public, the Qin family often had the habit of buying back stocks.
Therefore, the shares of Qin Group owned by their Qin family have increased instead of decreased over the years.
Second, the Qin family had few descendants and no one to share the property.
Before Qin Zhuoran's generation, the Qin family had been a single-line family for almost nine generations.
Even though Qin Zhuoran has two brothers in this generation, the Qin family does not intend to let Qin Chengze inherit any of the family business.
Just because of the Qin family's ancestral precepts, all the family property belongs to the heirs, and other children can only get some basic living supplies.
This is also a way for the Qin family to ensure the long-term prosperity of the main branch.
Qin Zhuoran reached out and shook Meng Yitong's hand, then said with a smile, "After we have children, you will find that your children will have more shares."
"I don't believe it."
Meng Yitong slapped Qin Zhuoran's hand after she finished speaking, and continued: "You still say that my driving is dangerous, at least I don't drive with one hand! I think you are just stingy and afraid that I will drive your car! Humph!"
Qin Zhuoran laughed helplessly after hearing what Meng Yitong said.
After Qin Zhuoran finished laughing, he still said to Meng Yitong seriously: "My garage is all yours. When you go back, you can pick the car you like. But I have a request. You can't exceed the speed limit and you must drive according to traffic regulations."
Qin Zhuoran also knew that if Meng Yitong really wanted to drive, he would not be able to stop her at all, so he simply made three rules in advance.
After hearing what Qin Zhuoran said, Meng Yitong curled her lips speechlessly and said, "You don't have to tell me, I am a law-abiding person."
......
When the two of them bickered all the way to the Times Mall in the south of the city, Meng Yitong was stunned when she saw the luxurious shopping mall in front of her.
Meng Yitong deeply doubted whether the area of this Times Square was as large as a residential area.
The entire shopping mall is an oval in shape, with no end in sight from the beginning, and there are two 40-50-story buildings inside the mall.
For the first time, Meng Yitong felt that Mr. Meng was really generous.
Qin Zhuoran looked at Meng Yitong's extremely surprised eyes and smiled helplessly.
Although it was a bit unfair, Qin Zhuoran always felt that the happier Meng Yitong was now, the more disappointed she might be later.
After all, this shopping mall of Meng Group was once used as a negative example for employees of many companies to learn from.
Sure enough, as soon as Meng Yitong entered the mall and saw that the mall was deserted, the smile on her face began to fade gradually.
After Meng Yitong walked around the first floor, she came to the second floor. I saw that there were even fewer people on the second floor than on the first, and some shops were not even open.
Meng Yitong went to the third floor again in disbelief, only to find that the third floor was so empty that it seemed as if not all the shops had been rented out.
Meng Yitong turned around blankly and looked at Qin Zhuoran. After a long while, she asked, "In this case, will I still get dividends at the end of the year?"
Although he had heard that the Meng Group’s shopping mall was not doing well, this was Qin Zhuoran’s first time to visit the Meng’s shopping mall.
All I can say is that the business of this shopping mall is worse than he imagined.
Qin Zhuoran felt that it was a bit idealistic for Meng Yitong to still think about dividends under such circumstances. Based on Qin Zhuoran's understanding of the business strategy of this shopping mall, it was already very good that Meng Yitong did not lose money this time.
After all, if this shopping mall has been separated from the Meng Group, then the Meng Group will no longer pay the salaries of these employees.
In order to retain shops and popularity, this group has been promoting rent-free and property fee-free agreements in the past few years.
Despite this, the popularity of this shopping mall has not increased.
However, those stores in the mall that cannot make any profit because there are no people there are still staying in the mall honestly.
Qin Zhuoran strongly suspected that the shops that might remain were those that were exempted from rent and property fees.
If this is the case, then the mall will basically have no income.
However, shopping malls need to pay high commercial water and electricity bills, employee salaries, and daily maintenance of the mall...
When Meng Yitong saw that Qin Zhuoran didn't say anything, she had a bad feeling.
Although she studied law in college, it doesn't mean she doesn't understand these things.
After all, they also have to study economic law and economics.
When she was an intern lawyer, she also saw many economic cases and had some basic knowledge of economics.
Meng Yitong just temporarily had difficulty changing her mindset from having assets since childhood and making a fortune every day to losing a fortune every day.
If she was still smug when she came here, now Meng Yitong really has no place to cry.
Qin Zhuoran looked at Meng Yitong's expression of wanting to cry but not being able to, and said soothingly: "Don't worry, have you forgotten what I do? I promise that you will make a fortune every day."
Qin Zhuoran said this while gently pinching Meng Yitong's cheek.
This time, Meng Yitong did not slap Qin Zhuoran's hand away. Instead, she looked at Qin Zhuoran with an expectant and conflicted expression and said, "But you are already so busy, and I don't want to make you even busier. But I want to make money..."
Meng Yitong's voice became smaller and smaller.
Qin Zhuoran chuckled and put his arm around Meng Yitong's shoulders to comfort her, "I'm not as busy as you think. The company is full of talented people and can run just as well without me. And this matter is not as complicated as you think. The Qin Group's business strategy for the mall is already very mature, and this mall can directly copy the Qin Group's management method."
"Is it okay? Don't we need to change anything?" Meng Yitong felt that it was not that simple.
"Hehe, this manager will definitely make some appropriate adjustments. You don't have to worry." Qin Zhuoran said with a smile.
"How can I not worry? The success of Qin's shopping mall is definitely inseparable from good management methods and good management personnel. But look at how deserted this shopping mall is. Is it really just a difference in methods?"
Qin Zhuoran looked at Meng Yitong's furrowed brows and couldn't help feeling a little distressed.
Qin Zhuoran lowered his head and thought for a moment, then took the initiative to say, "Let me find you an assistant to help you manage these assets."
Meng Yitong was surprised. She had already met the life assistant, whose daily job was to help her buy things.
Originally, she wanted to move into the Qin family, but was directly rejected by Meng Yitong.
Meng Yitong does not have such a high desire for material things, nor does she have so many luxury goods that she wants to buy but are difficult to obtain. She is not that particular about her outfit, so this life assistant is really of little use to her.
If it weren't for Chairman Qin's good intentions, Meng Yitong would have wanted to fire this person directly.
Meng Yitong totally doesn't understand why rich people would look for such an assistant?
And she couldn't understand why she could get such a high salary just for helping buy something?
And now when Qin Zhuoran suggested finding her an assistant to help her manage her assets, she was shamefully tempted.
But Meng Yitong still has some concerns: "This kind of work requires very high abilities, right? Are there really people who are so capable and willing to take care of such messy assets?"
Qin Zhuoran felt that Meng Yitong was still a little naive since she had not yet entered society.
In case Meng Yitong continued to fantasize, Qin Zhuoran directly promised: "Then you underestimate the charm of money! Don't worry, I will help you find a suitable person."
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