I Found A Planet - Chapter 121

Chapter 121

One day, the treasurer, Zhu Yuefang, pulled Chen Jin aside and quietly spoke to him . “President Chen, the company funds don’t seem to be sufficient . ”

What?Hearing this, Chen Jin stood rooted to the ground . Insufficient funds?

Was there not a few billion in the company account just some time ago? How was it possible that such a huge sum of money could be gone so quickly?

Zhu Yuefang took out a detailed list with some reluctance and gave a report on his extravagant expenses .

One: Currently, the company employed 1,781 staff . It had three development plants and one rented office building . The monthly rent, utilities, consumables, salaries, and other expenses were over 100 million per month .

Two: Purchase of three workshops cost 55 million .

Three: Purchase of various technological patents cost 300 million .

Four: The development costs for “Wa-wah 2 . 0” incurred by the project department was 350 million .

Five: Purchases of office equipment cost 420 million .

Six: 500 million was allocated for the establishment of a department for the development of the chip .

Seven: Purchase of a super calculator costs 550 million .

Eight: 250 million was allocated for the construction of a large-scale hardware R&D facility .

Other expenses cost 150 million .

Total expenses incurred were 5 . 025 billion .

How much did Xing Hai Technologies earn this entire time?

The total revenue had been calculated . The three million units of Wa-wah Robot 1 . 0 edition that were sold generated a cash flow of 1 . 67 billion for the company .  It had been two months since the launch of the Wa-wah 1 . 1 in May . According to the statistics by the sales department, a total of 2 . 75 million units of the Wa-wah Robot 1 . 1 were sold . This included all editions of the 1 . 1 robot . The average net profit from each unit was $1,203 . Multiplied by 2 . 75 million… The company earned another 3 . 3 billion during those two months . In addition, Da Mi Technologies had sold around two million Love Mi robots . This meant a total payout of 250 million to Xing Hai Technologies for the cost of its exclusive rights .

The total profits were 5 . 22 billion (The bonuses paid to Youying Motors and Bi Long Technologies were temporarily excluded) . After subtracting the sum of expenses from the total profits, the leftover profit on paper was less than 200 million .

Chen Jin patted his chest as he let out a sigh of relief . Looking at Zhu Yuefeng, he said, “Manager Zhu, you scared me! Why are you making a fuss about nothing? Don’t we still have 200 million?”

“President Chen, I’m not scaring you . You are spending money way too fast . According to this spending rate, the available cash flow of the company would dip below the warning level within a few days . For long-term growth companies like us, it’s not too safe to have funds that show up on the books as less than 500 million . ”

“I think it would better if you control some of your expenses . The company is expanding too quickly . There is no reason to rush . Some expenses really should not be incurred; it’s best not to spend on those items . ” Zhu Yuefang knew that the boss may dislike hearing those words, but he still advised him earnestly . After all, it was a high-tech enterprise with a bright future that had been established for less than a year before its legendary rise to the top of the 500 most powerful domestic companies with the highest sales revenues . It should take a safer and more reliable route . It should have a clearer direction for its development . Hitting out in all directions to seize all the opportunities and profits becomes a suitable course of action only when the company has grown into a giant leading corporation .

“All right, Manager Zhu . You can rest assured . The money that should be spent has almost all been spent . What’s left is waiting for our labor to bear fruit and the moment when we can reap huge rewards . Moreover, we are still selling some hundreds of thousands of the Wa-wah Robot every month . We still have a monthly profit of hundreds of millions… It won’t be too long before the company’s cash flow is rejuvenated . ”

Zhu Yuefang nodded . There was no further need for his opinions since the boss had acknowledged the state of the company’s coffers .

…

Time flowed quickly like water . For the next four months, the entire company was swamped with work and entered a state of urgency . Working overtime became common, especially for the staff in R&D positions . The average working hours per week for the R&D staff in Xing Hai Technologies was 56 hours . It was only half a day’s difference from the 60 hours work week of the Hua Yao Company . It far surpassed that of internet companies 361, Ali, and Baidu, who were famous for their overtime working culture . It seemed that the company could not avoid the reputation of squeezing its employees anymore .

In reality, Xing Hai Technologies did not enforce any overtime policy . You could choose to work 9 to 5 where work and life were equal priorities . You could also choose to work overtime and get a higher salary . Hence, an overwhelming majority of the staff were willing to do overtime . They actively applied to work overtime . Some of the workaholics even bought sleeping bags with their own money . When they got tired at night, they would take a nap beside their work desks .

The first reason was the strict implementation of the overtime pay system . The hourly overtime rate was 1 . 5 times the normal hourly rate . One could only do overtime for a maximum of four hours .

The second reason was the excellent prospects of the company’s projects . In addition, the projects were inspiring and exciting for many . Hence, the R&D staff was filled with enthusiasm and motivation for their work .

There was this saying that went like this: When you’re doing something that you like, you’ll never feel tired no matter how tough it gets . When you’re doing something that you dislike, you’ll feel tired no matter how easy it is . The projects in Xing Hai Technologies belonged to the former .

During those few months, Chen Jin did not take any time off to rest . On the contrary, he was living like an ordinary R&D staff . He would go to the development plant whenever he was free . He was especially devoted and serious about the “Learning Machine” project . He came to the company at least four to five times every week and each time that he came, he would stay in the company for at least half a day to personally direct the workflow .

As such, he became even busier . It was not that he was torturing himself for nothing or finding trouble for himself by taking on extra work . He really was bored out of his mind .

One, the work on the environmental transformation in Haierfa had commenced and the AI, Nuwa, was fully in charge of the entire project . The most Chen Jin ever had to do was to move his lips and offer some opinions . Moreover, all the “rubbish” that could be found had basically all been found . After sending out the air transport squad to the Yamato State, they found a super calculator called “Sakura” who could count up to 10 sextillions . He then gave Alice another upgrade . After “Sakura,” there were essentially no other “darlings” left that warranted his attention or effort .

On Earth, the majority of the company’s general affairs did not require his personal attention . He handed that duty over to the CEO . Except for delegating work, he did practically nothing . Therefore, he could freely arrange how he wanted to spend most of his time .

But, he kept his promise to “Director Dong’s daughter” Yuan Li precisely because he had too much time on his hands . He took the initiative and treated her to a meal . Then, they went shopping . Their relationship became warmer and friendlier . After which, things got out of hand . In the short period of half a month, Yuan Li repeatedly asked him out for a meal three times, and to go sightseeing four times… One could not hold off the passion of that girl .

Chen Jin was starting to find the whole thing somewhat tedious . He had a quiet personality . Yuan Li would invite him to go to various places to savor delicious food or trips to admire the scenery . It was good at the beginning, and he was happy too . But, he gradually became sick of these activities after the hundredth time . He found these activities to be meaningless . He realized that he was someone who did not really know how to enjoy life .

The two-dimensional ladies were enough to satisfy him . Rather than spending huge amounts of time eating, drinking, and having fun, why not do something that was more meaningful?

He sent a message to her . “Yuan Li, the company is very busy now . I won’t have any free time to go out with you for the next few months . Forgive me . ”

Yuan Lin pursed her lips and replied, “Oh… Ok . ”

…

On the 21st of December, after the 6-month rapid development process by the 300-man development team, Xing Hai Technologies achieved a breakthrough in their first product . They created a prototype of the final product version . They announced that the finalization was completed .

This product was the heavily upgraded edition of the Wa-wah Robot 1 . 1 — Wa-wah Robot 2 . 0!