Stronger by Paying Salaries and I Have 1 Billion Employees

”Many things have no precedent, so we’ll create it ourselves! I want to see the final feasibility report within three days. The technology department will be responsible for assessing system capacity, and the legal department will immediately research the regulatory red lines.”

Chen Yansen instructed the group, then paused before adding, ”What Orange Pay needs to do is not chase the wave, but become the wave itself.”

Upon hearing this, Zhang Yinjia, Zhou Mingxuan, Jiang Leiming, and the others couldn’t help but show their excitement. After securing the licenses and solving the T+0 redemption problem, all obstacles to Yu’e Bao’s launch had been swept away in one fell swoop.

With Orange Pay’s user base and the backing of Senlian Capital, Yu’e Bao’s market performance was destined to be impressive!

As the company’s valuation rose in the future, the value of the stock options in their hands would also multiply.

’The pie in the payment sector is huge. Wouldn’t I have been reborn for nothing if I don’t take a bite?’

Chen Yansen’s expectations for Orange Pay weren’t excessively high; breaking into the top three in the industry would be enough.

Next, the various departments reported one by one on business progress, performance reviews, product optimization, market analysis, and the competitive landscape.

The meeting lasted for an hour, only concluding as four o’clock approached.

Chen Yansen glanced at his watch. ’So much for a short meeting,’ he thought. ’It turned into a long one again.’

After Zhang Yinjia and the others left, Zhou Shouzhi, Wang Teng, Ye Qiuping, Zhang Cong, Zhou Ze, and Yan Peng entered the conference room one after another.

”Boss!”

”President Chen!”

More than ten greetings rang out in unison.

Chen Yansen nodded slightly and said to the newly seated Zhou Shouzhi, ”Lao Zhou, you lead. I’ll just listen in.”

Zhang Cong, Zhou Ze, Wang Teng, and Yan Peng exchanged glances. Their estimation of Zhou Shouzhi’s importance rose several notches.

Everyone understood that although Zhou Shouzhi’s official title was Chief Financial Officer, he also held the authority of a CEO.

It was just that the time was not yet ripe!

Faced with such a down-to-earth nickname as ’Lao Zhou,’ Zhou Shouzhi could only nod with a wry smile. He turned to Yan Peng and said, ”Old Yan, let’s start with a review of the annual data.”

’Old Yan?’

Chen Yansen paused, surprised that Zhou Shouzhi had assimilated so quickly, giving Yan Peng a nickname after just a few days.

Yan Peng gave an awkward smile, connected to the projector, and read from his notes with his head lowered, ”As of September 2nd, total sales for the Orange Mobile Phone are 32.1 million units—27.6 million in the domestic market and 4.5 million in overseas markets. Total revenue is 66.83 billion Hua Yuan, with a hardware gross profit of 8.02 billion, a software gross profit of 4.87 billion, for a combined total of 12.89 billion Hua Yuan.”

”Looking at the domestic market first, the Orange Mobile Phone’s sales channels are primarily online, supplemented by offline. The Orange C1 sold 2.7 million units, the Orange D1 sold 13.4 million units, the Orange C2 sold 5.1 million, the Orange C3 sold 4.5 million, and the Qingcheng D1S sold 1.9 million.”

”Overseas, our main markets are Abysinnia and Nigeria, along with some retail markets in East and West Africa. The Orange F1 sold 2.3 million units, the Orange F2 (a revised Orange C1) sold 800,000 units, the Orange F3 (a revised Orange C2) sold 300,000 units, and the Lemon D1 (a revised Orange D1) sold 1.1 million units.”

In eight months, global sales reached 32.1 million units with revenue approaching 70 billion Hua Yuan. If annualized, Orange Technology could rank among the Fortune 500 companies based on its mobile phone business alone.

”What’s the net profit?” Chen Yansen asked casually.

”1.65 billion Hua Yuan,” Zhou Shouzhi replied softly, taking over the conversation.

Over the past six-plus months, Orange Technology had poured over four billion into R&D and purchased land in Luzhou to build its headquarters. After deducting various costs from a gross profit of over ten billion, it was left with a net profit margin of only 2.5%.

A rough calculation showed they could earn just over two billion a year.

Compared to revenues in the hundreds of billions, this amount was pitifully small.

But Orange Technology supported hundreds of thousands of jobs up and down the industrial chain!