"New Yuan Technology’s stock price skyrocketed 519.84% on its first day, its market value breaking through ten billion!"
"New Yuan Technology’s market value surged tenfold in just over half a month since listing, easily surpassing twenty billion!"
"One month after New Yuan Technology went public..."
Looking up New Yuan Technology’s stock, Qin Yun was astonished by what he found.
New Yuan Technology was so impressive that its market cap was now nearing two hundred and fifty billion!
After so research, Qin Yun discovered that New Yuan Technology primarily worked in batteries, with interests in several other subsidiary industries. The largest shareholder was Yu Jiancheng, holding forty percent.
This ant Yu Jiancheng’s net worth was ten billion!
Qin Yun hadn’t realized that Yu Leyao’s parents were such impressive figures.
With that kind of scale, in a new first-tier city like Jinling, they could definitely be considered top-tier billionaires.
The soaring stock price proved New Yuan Technology’s potential. It’s only been a month, and its market value might continue to increase in the future! Huge developntal potential.
Yu Jiancheng was talking with his mother, Professor Zhao, while Feng Min sohow had brought Yu Leyao into the room.
"Leyao, now that your dad’s company is listed, we weren’t there for you in the past. We weren’t able to spend ti with you. We won’t be as busy now, so do you want to go to the United States?" Feng Min asked, looking at her daughter.
"You can attend the best schools in the United States and co back whenever you want."
"No."
Yu Leyao refused without hesitation, saying, "I’m living very well here in Jinling."
Seeing her daughter refuse so decisively, Feng Min sighed inwardly, knowing they hadn’t shown enough care when Leyao was little.
Thinking for a mont, Feng Min continued, "Your dad and I discussed it, and we’ve prepared ten million US Dollars for you, in this bank card. The password is the last six digits of your birthday, so you can buy whatever you want, start a company, etc. If the money runs out, just let mom know, and I’ll transfer more to you."
It seed she had guessed that Yu Leyao would refuse to go abroad, so she was just a little regretful, not too surprised.
Seeing Yu Leyao about to decline, Feng Min quickly added, "Don’t rush to refuse, Leyao. Look, Qin’s family isn’t doing badly, having opened so many clothing stores. Girls should have so money of their own; you can’t always let the man spend. That way, he might look down on you."
"You know your grandmother’s situation. She’s a professor at Jinling University, but she only takes her salary, not really involved in anything else—so there’s not much money."
Indeed, they’ve acquired wealth now, but Leyao’s grandmother isn’t rich. Of course, they also send money to Professor Zhao, but she barely uses it.
Actually, Qin Yun opening so many clothing stores was only a slight surprise to her, nothing overly shocking.
Compared to what they’re doing with New Yuan Technology, clothing is clearly inferior in rank and status.
So, in her impression of Qin Yun, his family was just relatively wealthy, with nothing much beyond that.
But since it’s soone her daughter likes, they wouldn’t say much and would support her.
At least her daughter won’t face hardships in the future.
Of course, given the other party’s good financial standing, her daughter having no money wasn’t acceptable.
Even without Qin Yun, they would have prepared this money for Yu Leyao.
"Leyao, this is also a bit of compensation from mom and dad to you."
Feng Min handed the bank card to Yu Leyao softly.
"I really don’t need it."
Looking at the bank card with over six million, Yu Leyao shook her head and refused without hesitation, saying, "I can make money myself now."
"Make money?" Feng Min asked in confusion, "Leyao, you’re still in school, how are you earning money?"
Currently, Yu Leyao was just in her sophomore year, with Professor Zhao not having used any money sent to her, so Yu Leyao didn’t have much startup capital.
"It’s like this."
Yu Leyao explained, "Qin Yun not only has a clothing store, but he also opened a hot pot soup base factory selling ones I developed. I get a ten percent dividend, and last month I earned two hundred thousand."
Qin Yun, of course, was still managing the Celestial Fortune brand hot pot base, but he sold mainly through supermarkets’ wholesale and online channels rather than selling them himself.
For him, the earnings from both the clothing stores and the hot pot base factory were about the sa, so he didn’t use the Wealth Gathering Array on the hot pot base factory.
But with inherent financial luck, regardless of his endeavors, success ca easily to him. Like the Cyan Mist Hot Pot Restaurant that he co-started, which was a massive success.
After he withdrew, Cyan Mist Hot Pot Restaurant’s business gradually declined.
So his hot pot base factory remained quite profitable, and with ti, the profits slowly increased.
The key was the quality of the taste, bringing back many repeat custors, accumulating over ti. Even without setting up a Wealth Gathering Array, thanks to his financial luck and taste, monthly profits have reached two million!
This kind of profit could rival a 200 square ter clothing store.
Of course, it’s not quite right to compare it this way. For instance, if Qin Yun had a single 200 square ter apparel store with two million in profits, then opening another would make it four million.
But with the hot pot base factory, opening a new one doesn’t automatically double the profits; a new one might only yield twenty to thirty thousand.
Because supermarkets have their quotas, and online buyers won’t exponentially increase quickly.
The market spread takes ti. Qin Yun isn’t in a rush; he plans to accumulate capital through the clothing industry before advancing into other ventures!
The clothing industry was not Qin Yun’s only ambition.
"Monthly dividends of two hundred thousand?"
Feng Min was surprised to hear this—while not imnse by their standards, it was certainly sufficient.
After all, even with dining and regular expenses, one wouldn’t spend more than ten thousand monthly unless splurging on sothing extravagant like a 1982 Lafite or Almas caviar.
Calculating that, Yu Leyao might see an annual dividend of around 2.4 million.
Across the country, how many people earned over two million a year?
"Was this hot pot base factory founded by Qin as well? How many businesses has he established?" Feng Min couldn’t help but ask.
Qin Yun didn’t just own clothing stores.
"Yes." Yu Leyao nodded, "He only has one hot pot base factory, and dostically no other businesses."
She didn’t elaborate on Qin Yun’s other endeavors.
(Thanks to Half-Life Cool Cool to Hurt for the 1500-tip, thank you. Seeking subscriptions, monthly tickets, and recomndations, thanks, everyone.)
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