Stronger by Paying Salaries and I Have 1 Billion Employees

Liao Wei straightened his back, puffing out his chest with an air of self-importance.

”Alright, that’s enough out of you,” Chen Yansen said, waving his hand. ”Cut to the chase. Keep it under half an hour.”

’Half an hour?’

Liao Wei gulped. He thought about the amount of content in his presentation. ’I’ll probably have to slow down my speaking pace,’ he thought.

”Cloud Speed Express had an annual revenue of 49.74 billion, a net profit of 350 million, and a cash flow of 3.91 billion. However, 2.34 billion of that was payment to Air China for aircraft purchases, which are expected to be retrofitted and delivered by September.”

”Our business volume reached 3.43 billion parcels, with an average daily collection of 9.4 million parcels, giving us a market share of 52.7%. Revenue per parcel is 14.5 Hua Yuan. Air freight volume was 190,000 tons, with eight cargo planes in operation servicing 31 route pairs.”

Usually, it was Liao Wei’s subordinates who reported to him; this time, he was the one reporting to the big boss.

He hadn’t expected to be nervous, but the moment he saw Chen Yansen’s face, his mind went blank. He could only read straight from the presentation, terrified of making a mistake.

Finding Liao Wei’s pace too slow, Chen Yansen decided to just read the presentation slides himself.

’It was worth remembering that Cloud Speed Express had been locked in a price war with the Three Passes and One Reach from January to the end of August, fighting for market share and losing billions in the process. For Liao Wei to actually turn things around and become profitable in Q4 was no small feat.’

’Judging from the core financial metrics, the 1.8 billion US Dollars in financing from the three giants—Huake, Investment Attraction, and Huaxin—was almost gone. After factoring out the aircraft payment, Cloud Speed Express only had 1.57 billion Hua Yuan left in disposable funds.’

’Still, Chen Yansen wasn’t worried. After crushing the Three Passes and One Reach, Cloud Speed had raised its prices and expanded its air freight services. Its monthly gross profit, after deducting labor costs, now exceeded 600 million—more than enough to sustain the current growth trend.’

’Express delivery made up a small portion of the business but had high revenue per parcel. Economy delivery accounted for sixty percent, built on a model of low margins and high volume. Same-city and cold-chain services also contributed a significant portion of the revenue.’

’Extrapolating from the average business volume in Q4, Cloud Speed Express’s annual gross profit could be estimated at around 7 billion, with a net profit of about 2 billion.’