Chapter 534: The Joy of a Cheater 2

Chapter 534: Chapter 290: The Joy of a Cheater 2

If revenue really reached 5 billion and they achieved a net profit of 1 billion…

A 3 billion US dollar valuation compared to a 1 billion RMB net profit.

That’s a P/E ratio of just 21, which isn’t too outrageous.

In fact, Pop Mart could even make a run for the 10 billion US dollar super-unicorn milestone.

By the time they finished their tea, the two had already made up their minds.

“Chairman Qi, we at Huaxing Capital plan to invest 30 million US dollars.”

“We at Black Ant Capital can invest 60 million US dollars.”

Bao Fan and He Yu exchanged a glance, speaking one after the other with a tacit understanding.

“Thank you, President Bao and President He, for your support of Pop Mart. I can give you both a promise.”

“If Pop Mart’s market cap falls below the valuation you’re investing at, I’ll buy back your shares out of my own pocket.”

The moment Qi Sheng said this, any pressure Bao Fan and He Yu felt instantly vanished.

‘A situation like that was simply impossible.’

‘Pop Mart’s lowest market cap would still be over 20 billion.’

‘And that was without him taking charge.’

“Haha, with your word, Chairman Qi, I can rest easy.”

“But I trust that President Si and Pop Mart won’t let us down.”

He Yu wasn’t foolish enough to ask Qi Sheng to sign a formal contract. Investing is inherently risky, after all.

A man of Qi Sheng’s stature would never go back on his word after making such a statement.

Otherwise, it would be a huge loss of face for him.

“The same goes for us at Huaxing. We hope for more opportunities to work with you in the future, Chairman Qi.”

Bao Fan shook hands with Qi Sheng, clearly not satisfied with only investing in Pop Mart.

If Spicy King’s valuation hadn’t risen so quickly, he really would have wanted to throw in an investment.

He thought about He Yu’s incredible luck, managing to get a stake in Spicy King during its Series A funding round.

A flash of envy crossed Bao Fan’s eyes.

But that was the allure of investing.

Whether you could bet on a winner all came down to personal foresight and luck.

Although he had missed the Spicy King gravy train…

‘But now that I’ve connected with Qi Sheng, will I ever have to worry about finding good investment projects again?’

…

After seeing He Yu and Bao Fan out, Qi Sheng spoke with Scones for a bit before sending him on his way.

He opened the system’s revenue boost function and selected Pop Mart.

[Pop Mart’s current valuation is 10.5 billion RMB. It is in the 10 billion to 100 billion market cap range and is eligible for a 40% revenue boost. Activate boost function?]

‘Yes, yes, yes…’

Qi Sheng did a quick calculation. Pop Mart’s revenue was originally on track to hit 5 billion.

With this boost from the system, its revenue would surge to 7 billion.

Given Pop Mart’s net profit margin, 20% was a very safe bet.

That meant a net profit of 1.4 billion.

This was nearly 50% higher than the net profit Scones had previously forecast for He Yu and the others.

With results like these, it would be difficult not to win over investors on the Hong Kong stock market.

Since he was already at it…

Qi Sheng hadn’t been in a rush to use the cheat on Spicy King before, but he decided to set one up for it now.

If for no other reason, Spicy King deserved it for helping him use up 200 Elite Talent Recruitment Cards.

Spicy King wasn’t short on cash, and Qi Sheng wasn’t short on talent.

It was a perfect closed-loop system.

[Spicy King’s current valuation is 70 billion RMB. It is in the 10 billion to 100 billion market cap range and is eligible for a 40% revenue boost. Activate boost function?]

Once Qi Sheng confirmed, Spicy King’s revenue was bound to surge.

Spicy King currently had 245 locations.

Every Tier-2 city and above across the country had at least four locations.

A few Tier-3 cities also had Spicy King locations.

But not many, only ten cities in total.

Each city only had two Spicy King branches.

In the Tier-3 cities, Spicy King dropped its price point further to 149 yuan.

The key selling point was its value for money.

On average, a single Spicy King location could generate 10 million in monthly revenue, with a net profit of around 2 million.

These figures were from before the system’s revenue boost was activated.

The average table turnover rate per location was 4.

But after activating the revenue boost, Spicy King’s average table turnover rate would increase to 5.2.

The monthly net profit per location would also surge to 2.8 million.

A table turnover rate of 5.2 alone was already terrifying.

Combined with the monthly net profit per location surging to 2.8 million…

With Spicy King’s current number of locations, the monthly net profit would reach a staggering 700 million.

As Spicy King continued to open new locations and expand into more Tier-3 cities…

The monthly net profit would also climb steadily.

Surpassing 10 billion in annual net profit was just a matter of time.

Barring any surprises, Spicy King’s market cap would surely break a trillion yuan upon its IPO.

The thought that he would soon own a company with a trillion-yuan market cap put Qi Sheng in an exceptionally good mood.

“Chairman Qi, President Zhou has arrived.”

Liu Shiwen knocked on the door, pulling Qi Sheng from his joyful reverie and back to reality.

“Oh, let him in,” Qi Sheng said unhurriedly.

“Boss.”

Zhou Huaiping vaguely guessed the reason Qi Sheng had called him over.

“President Zhou, I’ve bought the Twin Towers I promised you.”

Qi Sheng said casually, “Both of those buildings will be used for office space. I’m putting you in charge of the subsequent renovations.”

Even though Zhou Huaiping had prepared himself, he was still utterly dumbfounded.

“B-Boss… the Financial City Twin Towers are now a property owned by our group, just like that?”

Qi Sheng smiled and nodded, pulling out a document and handing it over.

“This is the purchase agreement. You can take a look.”

“Oh, uh, okay.”

Zhou Huaiping took it reflexively and flipped it open for a look.

The landmark of Financial City—the Twin Towers, with a total price tag of 4.5 billion—had been acquired by Shengxuan Group in a single, all-cash payment.

The seemingly simple string of numbers on the page made Zhou Huaiping gulp frantically.

‘Holy cow, that’s 4.5 billion!’

‘And it was an all-cash deal!’

Zhou Huaiping couldn’t help but wonder just how much money his boss actually had.