My Lord, you need to stand up!

Chapter 507 Wealth That Cannot Be Hidden Even by Covering the Sky and Earth

Yes.

Wei Dong's outburst was impossible to conceal.

In particular, he was at the forefront of the controversy.

No matter how much effort Fengchu, as the CFO who best understood her brother-in-law's mind, put into manipulating the accounts, Weidong still managed to have fixed assets worth over 100 million yuan.

She still clearly completed everything.

At the very least, they need to understand their own situation.

With a click on the computer, the list appears in a flash.

All of Wei Dong's industrial structures were carried out under the name of Dongsheng Trading Company, which was applied for with the assistance of the Chengdu reporter station of the Sunshine Daily.

Even if it is split into various subsidiaries and production plants.

The trunk has always been a trade item for Dongsheng.

That is, the stack of signs for their own businesses at the entrance of the White Building lobby:
Dongsheng Trade

Dongsheng Electronics

Dongsheng Apparel

Dongsheng Shipbuilding

Dongsheng Foreign Trade

Dongsheng Daily Chemicals

Urban construction and development

Jianggang Real Estate...

Including branch offices, there are now more than forty!

A few years ago, applying for a private trading company was a rather rigorous process, but now it has been opened up to the public.

Most of them are shell companies, but these forty-odd are genuine business entities.

The name "Dongsheng International" as a group name is actually just a gimmick without any legal effect.

The most valuable part is the factory buildings and areas that have been upgraded to the end of the fifth stage.

It feels like a piggy bank; all the profits from the production lines and the flow of funds from all directions are used, as long as they are not diverted to other projects.

They invested in the factory construction piecemeal, gradually and steadily.

The factory covers a total area of ​​over 130,000 square meters, and also includes surrounding repair shops and dormitory buildings.

Even the largest dormitory and commercial buildings are only half-built.

Even though the sixth-tier section, which occupies half of the area, has not yet been built.

An industrial plant costing 300 yuan per square meter is already an unethical calculation based solely on construction costs.

Even at the lowest estimated cost, the existence of 40 million yuan in this factory area cannot be concealed.

Dongsheng Industrial Park has now become a key "tourism" project in Jiangzhou Economic Development Zone.

Officials, media, and study groups from all over the country came to visit the pilot projects of economic system reform.

They all need to be brought here.

Then I immediately looked up and was filled with amazement.

The super factory buildings, stretching for two to three hundred meters, stand like giant walls along the roadside.

Vertical glass strips are embedded in the white stepped building, exuding a modern aura rarely seen in this era.

The other project, the Xishan Computer Building, which was solely invested and constructed by Wei Dong, is estimated at 12 million.

The White Building was so dazzling, but it was only worth 12 million. It still had to be split with Liu Taiyuan, so in the end it was only worth 8 million.
But this white building is located within 200 meters of the very center of Jiangzhou. Can it be compared to the computer building in the Economic Development Zone?

It's just taking advantage of people's lack of business acumen at this point.

Even the most ruthless pawnshop wouldn't value this 60 million lower.

Not to mention that they are all means of production, and their actual value can multiply several times in this era, not to mention that they will definitely appreciate dozens of times in twenty or thirty years.

Then, the shops and garages on the ground floor of the two completed buildings in Animal Village belong to Dongsheng Real Estate, which can be roughly estimated at three million.

In fact, shops in Shangzhou have sold for 20 to 30 million yuan, but here we are only calculating the construction cost.

The barge fleet costs one million, while the iron-hulled boats are depreciated by half.
The old building of the Salt Industry Association has two buildings of 700-800 square meters each, which cost 500,000, but that has complete property rights with land ownership.
The transportation company excludes the vehicles belonging to the infrastructure group, which belong to the urban construction company. The remaining vehicles belong to Dongsheng Transportation and the factory, plus a few luxury cars imported by Hong Kong businessmen. Together with various factory equipment, the depreciation is estimated at eight million.

The equipment for the daily production of sanitary napkins, including both new and old equipment, screen printing, neon lights, computer workshops, and auto repair shops, is depreciated. Adding the vehicles, the total cost is vaguely estimated at eight million.

The equipment's value can be generated in just a few days.

As for the Heidelberg printing press and the sewing machine equipment of the jeans factory, those are fixed assets of the Hong Kong-owned joint venture and are considered separately.

Wei Dong's fixed assets in Jiangzhou amounted to 7250 million yuan.

The value of the dozen or so buildings in the Animal Village currently under construction, as well as the hotel, office buildings, and commercial center jointly invested with Hong Kong businessmen, cannot be estimated because they are all under construction.

In reality, the factory buildings and facilities of the pharmaceutical plant, which Shen Cuiyue firmly holds in her hands, including the earliest workshop at Jiangda University and the current equipment assembly plant, are all only usage rights and are not included in the calculation.

And the daily operating cash flow generated by things like zoos doesn't even count.

Because Dongsheng Trading never has any working capital in its accounts.

Every day, the sales revenue and various cash flows collected are transferred to various construction projects without hesitation.

Funds are transferred throughout the country.

It's not easy to verify the movement of funds in areas that aren't yet connected nationwide.

For example, in Shangzhou, the Beijiaochang New City no longer requires Wei Dong's money, and its construction is no longer his concern;
The eight-story glass building food factory is valued at three million, but it is registered under the names of four shareholders: Dong Xueying, Rang Weidong's grandmother, Li Erfeng, and Ding Haifeng's wife.
It has nothing to do with Rang Weidong.

Therefore, the fixed assets of the sanitary napkin factory alone amounted to 500 million in the entire Shangzhou area;
The TV building and five-star hotel that Pingjing and Jin Zhuoqun were involved in made Weidong's shares worth five million.

The sanitary napkin factory at the entrance of the alley, including the factory, equipment, and yard, is worth four million.

Having two million US dollars worth of shares in a car joint venture is shameless, considering the black market exchange rate alone is worth more than eight million. Not to mention the two percent stake in the nation's first joint venture car company, which could balloon to an enormous amount in the future.

So Pingjing's assets still amount to 1500 million. That's close to a small goal, not to mention the stocks and real estate in Shanghai.

The shares, which were split equally with the Zhang family, were worth six million and were registered under the name of Dongsheng Trading.
But this price is based on the period before "foreign investment" in Vacuum Electronics; the subsequent surge hasn't been included in the calculation.

Because the sale of old and dilapidated properties is not permitted, prices for everything from warehouses to modern alleyways are ridiculously low.

Including the old villa and those cars, they were all included in the fixed assets with a value of 1.8 million.

Not counting the tens of millions of dollars that Apple invested in the vacuum electronics factory and the construction of the OEM computer assembly plant, this money, nominally given by Apple, was actually Wei Dong's share of the profits after that press conference; it was his money.

It also doesn't include the real estate value of the joint venture shares that Wei Dong and Hong Kong businessmen made in the electronics industrial park, nor does it include the "leased," borrowed, or unfinished assets such as the International Community, Pudong Building, Bund No. 5 Building, and the small pier that have not yet been developed.

The amount in Shanghai's accounts is 780 million.

The drop in the ocean at the Guangdong East branch factory is negligible.

The apartment near the city center hospital is under Dong Xueqing's name, while the house on the ridge is listed with the company for over 200,000 yuan.

The mala tang (spicy hot pot) storefront that Wei Dong bought in Haochi Street cost 120,000 yuan, and its value hasn't increased in the past two or three years.

The total is 106.5 million.

This total looks like a reluctantly obtained, albeit carefully optimized, number.

It seems like they're putting on a show of being worth hundreds of millions in order to reach the 100 million mark.

In reality, even if you desperately try to suppress the data, the result will still exude an overwhelming aura.

Wei Dong estimated that in twenty or thirty years, that old villa in Shanghai alone would be worth more than that amount.

But in mainland China these days, are there any billionaires with assets exceeding 100 million?
Wei Dong stared at the computer screen displaying the green fluorescent light as it indifferently scrolled through the data, his face filled with nothing but helplessness.

Damn, when I started selling cured meat three years ago, I never imagined it would grow so rapidly.

In the past two years, all the sales profits from cameras, sanitary napkins, and other products have been "saved" into factory construction and real estate.

It appears that Dongsheng Trading has virtually no "profits".

There was also no bank debt that was the largest for businesses at that time.

Because the construction sites scattered throughout Jiangzhou, Shangzhou, Pingjing, and Shanghai act like sponges, absorbing and holding a large amount of capital.

Wei Dong repeatedly emphasized that no accounts payable should be delayed.

The fear is that things will snowball and eventually explode.

So, starting with Dong Xueying, it was a continuous process of transferring money.

Each construction site should stockpile more building materials if it has funds, and only pay for labor costs if it is slightly tight. Everyone should take a short break and would rather stop work than delay paying for materials.

When Lao Geng and his team joined, the construction soldiers took this hard-working and frugal style to the extreme.

So there's a reason why they're so efficient; even if there's a slight delay in the process, they'll do everything they can to keep construction going.

When the first real estate payment came in, the 18 million from the two buildings near the zoo was transferred to the urban construction company as a reserve fund.

There will be no further arrears.

In reality, due to the increasing amount of money received and the practice of selling pre-sale apartments, the only construction sites that truly rely entirely on their own funding are the Computer Building, the Factory Area, and the Flowing Gold Building.

The Golden Plaza is now basically completed, with only interior decoration remaining, which frees up cash flow.

The construction costs of other projects, such as the dormitory buildings of the Pingjing Automobile Manufacturing Plant, the five-star hotel, and even the television production building, as well as the Shanghai factory and various Hong Kong businessmen's real estate projects, were not borne by Wei Dong.

But the urban construction company makes money from the construction work inside.

With the sales revenue from shampoo and jeans coming in, the focus of cash flow will likely be on the construction of the International Community and Pudong Building.

This is also the main reason why Wei Dong wants to recuperate in Jiangzhou, at least until the current batch of real estate projects is completed before he starts to make any moves.

He was still a little stunned.

The spreadsheet is very clear.

Like a trickle of water, the gross profit from branches and sales companies across the country, like capillaries, is already around 500,000 yuan per day, which does not include real estate revenue. It is purely the gross profit of the company after deducting various sales costs from the few products that are continuously produced and sold.

Once computers begin to be delivered to the financial system in large quantities and commercial real estate starts collecting rent, the cash flow will only become more terrifying.

Damn it, I'm out there making money all day, while my wife at home just transfers money and makes payments without saying a word.
You wouldn't believe it until you see it; it's quite a surprise.

Is this how the reform and opening up made individuals rich?
It's fortunate that Wei Dong didn't have any money in his account, so he didn't look like a capitalist, but in reality, his capital had been rapidly accumulating.

This wasn't about stuffing himself to death; what Wei Dong was thinking about was going to a buffet and accidentally piling his plate half a meter high, making it look crooked and about to collapse.

How to do it?

Reporting to the city took up a lot of time, and by the time I got back it was past closing time.

Apart from security guards and a few staff members on duty, the huge sixth-floor office area was deserted with many lights off.

Wei Dong actually felt that he was no longer surrounded by onlookers and making a fuss.

Go directly to the general manager's office.

Actually, he doesn't like coming here because he always thinks of that anxious little woman sitting here.

But right now, I have to focus my attention on the screen.

Dong Xueqing sat beside him and explained softly that she still had to operate the keyboard, but she wasn't surprised at all by her brother-in-law's skillful use of the mouse.

He reached out and typed a shortcut key with three fingers on the keyboard, and the spreadsheet immediately displayed more detailed information: "This is a hidden estimate of our family's actual assets..."

1.7 billion!
Wei Dong covered his head in frustration, knowing full well that his calculations were still quite conservative.

These are fixed assets, the means of production for commercial operations.

The 1.7 million well-functioning factories, buildings, ships, and vehicles are all golden goose eggs.

It's nothing compared to having 1.7 million dollars right in front of you.

He must be the richest man in the country now.

What?

(End of this chapter)