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墨書 Inktalez
Infinite Strongest G
Overall, the development of Sweet Potato Technology over the past half month has been quite smooth.
Of course, whether there are unseen hands behind it remains unknown. At least Li Hong is clear that with such a significant uproar, it would be impossible for Sweet Potato Technology to navigate without someone backing them up. After all, their major shareholder had only recently invested.
Li Hong had already discussed matters with the Industrial and Commercial Bank of China. Although the funds had not yet arrived, if they hadn't exerted influence behind the scenes, it would have been unthinkable.
With this backing, they managed to safely pass through the most dangerous period.
Otherwise, in a world filled with wolves, it would be impossible for a background-less company like Sweet Potato Technology to make such bold moves without attracting attention.
However, now that they have support, those ambitious individuals haven't even had the chance to extend their claws before being intimidated into inaction by the powerful figures behind Sweet Potato Technology.
The will of the state is not something to be trifled with.
What financial tycoons and capital magnates can do in such situations is merely flounder. No matter how formidable they are, they cannot do anything against Sweet Potato Technology. After all, angering the people behind Sweet Potato Technology means that not only will they miss out on profits, but simply surviving would be considered a stroke of luck.
Currently, the global situation is murky; no one knows whether the long-dormant world power, the White Eagle, and the ambitious Crimson Rabbit will clash. In such circumstances, even if they have grand ambitions for virtual technology, they must bide their time and remain low-key for a while.
Perhaps in the future, some discontented individuals will emerge to stir trouble, but at least after accumulating strength, they won't be as vulnerable as they are now.
Just give Sweet Potato Technology ten years... oh no, just five years, and Li Hong dares to guarantee that no one will be able to bite off this hard bone called Sweet Potato.
By then, they can finally rest easy.
Upon entering Li Hong's office, Mark understood that Li Hong needed to review some documents, so he wisely chose to take his leave.
After Mark left, Li Hong sat alone in his executive chair, leisurely examining the company reports.
The profits were quite good. Although only one hundred thousand units of the Virtual Helmet had been shipped and just a few hundred units of the Virtual Pod, the earnings were still substantial.
With a retail price of 999 Renminbi, the production cost of each Virtual Helmet was around one thousand. This meant they could earn approximately three thousand Renminbi per unit. With a shipment of one hundred thousand Virtual Helmets, the theoretical profit could reach three hundred million Renminbi.
The Virtual Pod was priced at one hundred thousand Renminbi, with a production cost close to ten thousand. The profit per unit was about ninety thousand Renminbi. The five hundred or so units of the Virtual Pod brought in over forty-five million in profit.
Adding both figures together, the total profit was around three hundred fifty million Renminbi. Of course, this was gross profit; after deducting expenses like salaries and taxes, they would still have about two hundred million left.
"Not bad at all, considering our shipment volume is strictly limited. Moreover, the Virtual Pod hasn't become mainstream yet; it will be a new growth point in the future," Li Hong thought, satisfied with the results on the financial report.
Most importantly, Sweet Potato Technology had not established any offline physical stores. All shipments were currently made through their official website and online marketplaces.
While this approach might hinder offline promotion and popularization, the biggest advantage was the short payment cycle. Customers' funds did not have to go through layers of distributors' exploitation and withholding; they went directly into the company's account.
This meant that this two hundred million was genuinely sitting in the bank earning interest, rather than being held by distributors waiting for payment.
Gently tapping his fingers on the desk, Li Hong was already contemplating how to spend this two hundred million in profits.
Acquiring materials and increasing production is essential.
Both online and offline advertising requires investment. Despite the Virtual Helmet making waves globally, its impact is limited to a small audience. Most people, although aware of the news surrounding the Virtual Helmet, remain clueless about the manufacturers and purchasing methods. This is a challenge that must be addressed.
Another issue is the expansion of export channels.
The data in the company report indicates that out of the hundred thousand units sold in the virtual world, most activations occurred overseas. This means that the majority of those purchasing the Virtual Helmet are located abroad. Of course, it cannot be ruled out that scalpers and resellers are selling them for profit outside the country.
However, one undeniable point is that their Virtual Helmet has already laid the groundwork for entering the global market. The export issue has been brought to Li Hong's desk by several members of the marketing team.
Yet, what troubles Li Hong now is how to proceed with exports.
Export products can benefit from national tax rebate policies and additional subsidies, along with high profit margins, making exports an attractive option for many electronic technology companies.
However, it must be understood that the significance of the Virtual Helmet is vastly different from other electronic technology products. Just because they can export does not mean that the Virtual Helmet can follow suit.
To ensure their product can reasonably enter foreign markets, all necessary approval processes must be adhered to. Given the importance of the Virtual Helmet, it would not be surprising if these procedures were tenfold more stringent.
In this situation, how easy is it to export? To put it bluntly, if they do not want to relinquish core technology to others, they should not expect to navigate through these so-called approval hurdles.
Shaking his head, Li Hong realizes he cannot solve this problem for now and must temporarily set it aside.
Without passing approval, their products cannot appear in foreign markets. In that case, exporting will have to wait.
Fortunately, the Hua Xia Market is large enough to bury all of Li Hong's ambitions.
With such a vast market supply, it wouldn't be impossible for Li Hong to slowly rise to the peak.
Only by firmly securing the Hua Xia Market can they consider the remaining markets; it's the right path. Right now, they are struggling even with just one Hua Xia Market, so it's best to set aside any thoughts of exports for now.
This isn't something Li Hong can manage alone; without cooperation from other countries, there's no point in dreaming about such good fortune.
"By the way, didn't Mark add a million units of stock on the official website? I should check on that," Li Hong thought thoughtfully.
A shipment of one hundred thousand units would definitely not satisfy market demand, and with an additional million units in stock, it probably wouldn't last long either.
Li Hong needs to see what issues might arise with the mass-produced Virtual Helmet during actual use. At the same time, he wants to gauge just how large the market demand really is. This will help him set the next production targets for the factory; otherwise, it would be awkward if they produced something that no one wanted to buy.
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