I Have 10 Trillion Dollars only Usable For Simping Chapter 2673 - 1662: Huh?

Jinhai Industry.

Shi Qianxi quietly examined the financial report that had just been handed over, her once expressive face now calm and composed.

The group’s Executive Vice President, the head of Chenguang Automobile, and a loyalist from the era of Shi Zhenhua, Yu Qingfeng sat upright and tense at the desk, waiting for his once "niece" to review the report card.

"Uncle Yu, when can our second model come out?"

Shi Qianxi asked while flipping through the pages.

It’s been close to a year since the group shifted its strategic focus and made a push into the electric vehicle sector, and the results are clear as day in this report.

The only model released, Chenguang No.1, has reached a total of 62,800 units delivered, generating 20 billion in revenue.

However, due to gross profit and margin being below industry averages, and coupled with the ratio of R&D expenses, net income is actually not ideal.

To be precise.

It’s in a loss state.

That’s right.

A loss.

Ordinary people might not understand how businesses can lose money, but a company’s mindset differs vastly from that of the average person.

Since starting car production, Jinhai Industry has shouldered about a 4 billion loss for this new project, and the new factory in Kyoto is underway, not only is it not holding back, but it plans to significantly increase investment.

"The second sedan model has actually completed testing, but I think it’s not the right time to release it yet, because even if we launch it now, with our production capacity, we wouldn’t be able to meet order demands."

From his tone, it can be discerned that as a veteran in the business, Yu Qingfeng has considerable confidence in Chenguang Automobile. Although he belonged to the era of Shi Zhenhua, he has not rested on his laurels. Instead, like the younger generation, he is full of vigor and determination, daring to try and challenge, which is why Shi Qianxi chose him among numerous candidates to lead this major project that could determine Jinhai’s future.

"Director Shi, I believe there’s no need to rush. Our production capacity is gradually increasing, now reaching 3,000 units a month, ensuring that users can get their cars within two months after ordering. Launching a new model will inevitably squeeze Chenguang No.1’s capacity, significantly extending the delivery cycle, and still won’t satisfy the new model’s order capacity. Recklessly launching will only satisfy neither."

Yu Qingfeng earnestly said: "With our capabilities at Jinhai, capturing the market isn’t hard; what’s hard is holding the market. It’s like conquering and defending territory. We already have our place in the electric vehicle market, and I believe our next main task is to stabilize our base and maintain our good reputation. Director Shi, even though we came in relatively late, it was also the best time. The era when inferior products drove out superior ones in the electric vehicle market has passed, and the public’s vision has been refined. As long as we put effort into products and treat customers responsibly, the market won’t disappoint us, and there’s no great need to compete for quick success. The neighboring competitor is a cautionary tale."

Shi Qianxi looked up, smiling.

"Uncle Yu, my dad said you are impatient, but I think that’s completely untrue."

Yu Qingfeng chuckled helplessly, opened his mouth, and sighed: "The only one who can speak of your father this way is you, his precious daughter."

After the joke, Shi Qianxi got back to business, looking through the files, "I agree with Uncle Yu. Even though the market has entered a phase where excellence is distinguished from inferiority, we must not be blinded by appearances. Cars aren’t fast-moving consumer goods; pursuing speed blindly will only lead to disastrous results."

Besides the financial report, the documents also planned the accompanying developments, such as in-house developed intelligent driving systems, nationwide construction of an ultra-fast charging network, and battery cell R&D...

"Uncle Yu is the chief in charge, so let’s proceed according to Uncle Yu’s thoughts."

Shi Qianxi closed the report.

"I’ll be heading to Kyoto this week. Once the new factory is built and operational, Director Shi, I can assure you that in half a year, net losses can be reduced to within 10%, and in a year, we can turn a profit, in two years, open up the international market..."

Shi Qianxi laughed, "Why do I feel like Uncle Yu is drawing me a big pancake?"

Yu Qingfeng had a serious expression, "This is not a fantasy; this is the foreseeable future of Chenguang Automobile. Chenguang Automobile will be our Jinhai’s new engine, propelling Jinhai to sail into broader depths."

Shi Qianxi smiled radiantly, "Then Uncle Yu, you’ll have your work cut out as the helmsman."

"All credit goes to Director Shi. If it wasn’t for securing the new factory in Kyoto, our journey would be much longer."

Shi Qianxi remained modest, speaking with an unflustered tone: "Just doing what’s within my duty. After taking over Jinhai, I’ve been treading on thin ice, always fearing that I might falter and become the laughingstock among you uncles, thereby disgracing my parents."

Yu Qingfeng hesitated.

In reality, no matter what others thought, at first, he wasn’t optimistic about this mischievous group heiress.

But.

Appearances can be deceiving.

"...Director Shi has done more than enough. Your parents are surely secretly laughing happily when no one’s watching."

"Pfft."

Shi Qianxi burst into laughter and then sighed: "Uncle Yu, with your words, I feel like all the toil is worth it. When you meet my parents someday, you must repeat what you said to them."

Yu Qingfeng laughed heartily, feigning jealousy, "What’s there to see with a retired old man."

"My dad is in a difficult position, it’s not his fault you had an accident. He didn’t mean to leave you old comrades behind."

Look at that.