Black-bellied vs. Black-bellied: Ultimate ShowdownCh11 - Primary Report

Chapter 011: Primary Report

Since Si Hang’s team lost the game, they didn’t stay in West City for too long. y8cKQS

Qi Yu, based on their friendship as “host and guests”, originally invited Si Hang and the others to go vacation in Newtown. But Si Hang was already a bit tired of playing.

His English wasn’t not very good and although he had Xu Yizhou as a portable interpreter, it wasn’t the same as being like a fish back in water in China. So not two days after the game ended, he and his friends also decided to return home.

Chrysanthemum Garden.

Qi Yu sent away these second generation ancestors who had no proper business being here and returned to his home in Newtown with a huge weight off his shoulders.

That night, Qi Yuancheng also came back from his business trip to Japan. He ran into Qi Yu who was in the living room, asking Anne to make him some coffee. He asked, “Have you met with Si Hang?” suWZzJ

“I have,” Qi Yu resisted the urge to spout obscenities in front of his dad. “How did Uncle Si raise a son like that?”

“What’s wrong?” Qi Yuancheng was curious.

“He came to the US bringing along a bunch of rich young masters like him. Their minds were filled with nothing but money, power and women. They had no other hobbies aside from eating, drinking and having fun every day… they were just a bunch of degenerate scum.”

Qi Yu rarely ever talked behind others’ backs like this. And he even used such sharp words. It looked like they must have made him really depressed.

TVHZ1e

Qi Yuancheng was also a little helpless. “He’s the youngest. His whole family pampered him, he grew up living in luxury. He was probably spoiled. No wonder your Uncle Si keeps sighing whenever he’s brought up in our phone conversations.”

Qi Yu raised his eyebrows. “So, he no longer bothers with him?”

Qi Yuancheng: “More like he can’t control him. He’s no longer a kid. He’s got his own very big ideas and his brother indulges him.”

Qi Yu told Qi Yuancheng some of the observations he had while interacting with them. He also mentioned Xu Yizhou. “Oh yeah, Si Hang also hired a secretary with an annual salary of one million. They say he has a master’s degree from R University’s Department of Economics and Management. Not only is he in charge of the company, he’s also in charge of Si Hang’s daily life.” J5wpq4

Qi Yuancheng said, “That’s not surprising. Your Uncle Si is also like this to Si Ze. He doesn’t hesitate to spend a lot of money to find such people to accompany them. In fact, he hopes that his children can learn something from these outstanding people; just like Xu Jing is with you… ”

“Nonsense!” Qi Yu was filled with anger when he heard this, “Xu Jing and I respect each other, but you haven’t seen how Si Hang uses his secretary. Damn, how is he even a secretary? He’s just a full-time nanny. Si Hang relies on him so much that he even has him ordering his meals for him!”

Qi Yuancheng was taken aback. “This really is a bit too much.”

Qi Yu took the coffee Anne handed to him. He frowned and added, “I also asked about the operating costs and profit sources of his game company, and made a rough calculation of his accounts for him. I think this whole thing’s just him burning money to play around. In any case, it is basically impossible recoup his investment within three years. I have no idea how he’s going to sustain it in the future…” A4vdiY

Qi Yuancheng seemed lost in thought. “I’ll call his father later and have a talk with him about it.”

“Maybe don’t.” Qi Yu immediately stopped his father. “Uncle Si was already using me to constantly provoke Si Hang. Did you really think he just wanted to see me during his trip to the US this time? He was thinking of ways to make fun of me. If you make this call, won’t I be a tattle-tale telling on them behind their backs? Maybe he’s already mocking me behind my back…”

“What should I do then?” Qi Yuan said worriedly.

“Nothing you can do about it.” Qi Yu didn’t bother with what his father thought. He took his coffee, turned around and left. nqM0D

***

Back in his room, Qi Yu looked at the financial report lying on his desk and sighed once again.

Story translated by Chrysanthemum Garden.

That day, after he added that person Xu Yizhou recommended, he hadn’t tried to contact him.

He couldn’t say whether it was defiance or something else. He kept wanting to do his best to look through it himself. After all, his bet with his father was that he finds the problem “himself”; not ask others to help him. wAnsH6

But now almost half a month has passed, and he was still clueless.

Qi Yu struggled within himself. Finally, he still picked up his mobile phone, clicked on WeChat, found the “Complex Number” he added a few days ago. He sent a single word: “Hello.”

After accepting his friend invite, this person never sent him any message; as if he had absolutely no interest in knowing who he was.

However after receiving Qi Yu’s first greeting, he quickly replied…with a question mark. x7ddB

F1S: “?”

Qi Yu was taken aback for a moment and introduced himself: “I am Qi Yu.”

He added another message: “Xu Yizhou introduced you to me.”

F1S: “I remember. What’s the matter?” dQ9sex

We’re sorry for MTLers or people who like using reading mode, but our translations keep getting stolen by aggregators so we’re going to bring back the copy protection. If you need to MTL please retype the gibberish parts.

Te: “P tfjgv sbe’gf nfgs ubbv ja jcjishlcu olcjcmlji gfqbgar?”

M1V: “Kfii wf sbeg gfdefra vlgfmais.”

Hl Te: “……”

Te: “P tjnf j olcjcmlji gfqbga tfgf, mjc sbe tfiq wf rff lo atfgf jgf jcs qgbyifwr?” YA7Ox2

M1V: “P mtjguf j off.”

Te: “We Tlhtbe abiv wf. Lbk wemt vb sbe mtjguf?”

F1S: “Depends on the problem. Which company’s statement do you want me to look at?”

Yu: “I can take a picture and send it to you.” WFcuyh

F1S: “No need. Just send me the company code. I can find it.”

Yu: “00X017.”

Chrysanthemum Garden.

F1S: “Mei Wei?”

Yu: “Yeah.” hwo8UA

Five minutes later.

F1S: “What is your relationship with this company?”

Qi Yu was again taken aback and asked, “What does this have to do with the problem of the financial report?”

F1S: “The report I provide depends on your relationship with the company and the price is different for different reports.” ZY20eV

Yu: “What do you mean?”

F1S: “I can provide three levels of analysis reports. The primary report is suitable for ordinary people who wish to analyze the surface problems of financial reports. The intermediate report is suitable for investors who are looking at whether they should invest in the company. But if you are a shareholder of this company, or someone with a closely related interest, you can get an in-depth report. The time and ability that I need to invest in the different reports increases. The value to the person who receives the report also increases.”

Yu: “Wait, based on your initial look, there are problems?”

F1S: “There are a lot of problems.” zjiRLc

Qi Yu: “………………”

You could already tell there are a lot of problems after just one look? And you can even give an in-depth report! ?

This…was kind of amazing!

Qi Yu continued to question closely, “How much are the three different reports?” 3G6fXS

F1S: “5k, 10-30k, 10% of the estimated stop loss.”

The first two weren’t expensive, but…

Yu: “What does 10% of the estimated stop loss mean?”

F1S: “It means literally what it says. Through the analysis of the financial report, I estimate the loss that this company may cause to stakeholders through financial fraud, and then charge a commission of 10% of the stop loss. For example, if my report can help this company’s shareholders reduce their losses by 10 million, then I will charge a reporting fee of 1 million.” QY7AL4

Qi Yu was dumbstruck. He also had no idea how serious Mei Wei’s problem was. If it really involved a leak that involves tens of millions, his spare allowance might not be able to afford this report fee.

Maybe the primary report would be enough for him. He just wanted a little inspiration. He didn’t intend to achieve his aims completely through someone else’s efforts. Moreover, he wanted to test out this Complex Number’s ability.

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Qi Yu gave it careful consideration and said, “I want a primary report first.”

After about half a minute, the other party replied, bOFCfM

F1S: “Aren’t you being a bit dishonest…”

Yu: “……?”

F1S: “If your dad knew you were being so stingy, wouldn’t he feel like he cared for you in vain?”

Yu: “Huh?” uhFep6

F1S: “Xu Yizhou told me that you’re the son of Qi Yuancheng, chairman of the Si Yuan Group. Your father’s company is about to be caught in crisis, and you still refuse to buy an in-depth report for him…”

Qi Yu: “???”

…Well f*ck it? He already knew his identity early on, but he insisted on all this drivel! ?

Yu: “I’m not. The is the first time we’re cooperating. I can’t be a little wary of you? What if you’re a swindler?” phYuSv

F1S: “So your acceptable investment risk is only 5,000 yuan? Are you really the son of a billionaire?”

“????????” Damn, what kind of person is this! ?

Qi Yu controlled his fingers that were slightly trembling from his indignation. He quickly typed in a line of words: “Stop with your nonsense. I want the primary report, are you going to do it or not?”

F1S: “I’ll do it.” iWOnPT

F1S: “Account number XXXX… the payee, Zhuo Shi Investigation Company. Don’t forget to pay.”

Qi Yu: “……” Nhi9Z7

Because he didn’t want to reveal too much information about himself, Qi Yu sent the other party’s account details to Xu Jing and asked him to transfer the money on his behalf.

Xu Jing saw the message and called him immediately. He asked, “What are you looking for an investigation company for?”

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Qi Yu: “To look into the problem of Mei Wei’s financial report.”

Xu Jing was surprised. “Your dad asked you to investigate?” Weip6d

Qi Yu: “I want to investigate it myself. He doesn’t know yet so don’t tell him.”

Xu Jing couldn’t help laughing, “This guy…”

Qi Yu originally thought that it would take a while for the other party to issue a report, but in less than half an hour, Complex Number sent him a document.

Qi Yu was surprised: “That fast?” tX50jS

F1S: “It’s only a 5k job. How long do you want me to do it?”

Yu: “……”

Qi Yu hurriedly took a look and sure enough, just as the other party had said, there were still many problems——

“The increased investment in productive assets did not reflect a corresponding increase in profits; occasional interest profits of 12.3% are abnormal; 17.2% of sales expenses were mainly driven by sales promotions; expenses for the period were 28% higher than those of similar companies…” TBnOPd

Looking through them one by one, Qi Yu felt his palms go hot and cold. For a moment, he was shocked by the other party’s judgment ability. Then, after a while, he was flustered at the fact that people could so easily see management problems in their company’s financial reports.

After reading through it again, he returned to their chat and asked, “How come this only has the analysis conclusions?”

F1S: “Then what else do you want?”

Yu: “I want to know how you came to these conclusions.” pa4r1b

F1S: “……”

Yu: “What’s the matter? You can’t tell me?”

Yu: “Or are there additional charges for that?”

Yu: “How much do you want?” ZC8xgl

F1S: “No, haha.”

F1S: “The question you just asked was like asking me how I calculated 1+1=2. Do I have to spend time thinking about how to answer such an obvious question for you?”

Story translated by Chrysanthemum Garden.

Qi Yu: “…………”

This f*cking… This matter that he couldn’t make head or tail of for half a month was nothing but a “1+1” problem in this person’s eyes? Was he too stupid or was this person too awesome! ? Jl7dTE

Qi Yu’s pride made him totally unable to accept such ridicule.

He was peeved. He said, “Forget it, I’ll look at it myself.”

F1S: “Okay, for the sake of your first patronage, I will provide you with after-sales service. However, I will only answer one question for free. So, if you’ve got something you don’t understand, remember to ask only after you’ve thought clearly about it.”

Qi Yu placed his phone on the desk with a “clang”, secretly vowing that he wouldn’t ask anything from this Complex Number again! If he does then he’s a dog! nThPAw

In any case, he was still a student of a prestigious university. It can’t be that he couldn’t figure out something that he could buy for just for five thousand yuan, right? He really doesn’t believe in that evil.

……

By sheer coincidence, early the next morning, Qi Yuancheng asked while they were seated at the dining table if he had any insights from looking through the financial reports these past few days.

Qi Yu casually repeated one of the conclusions in Complex Number’s report: “I think there’s something a bit strange about Mei Wei’s source of operating profits…” Sv7riD

Qi Yuancheng gave a “Huh” and was surprised, “How could you tell?”

Qi Yu’s heart gave a ‘thud’. Of course, he didn’t know!

“Just a feeling…” He toughened his scalp and lied.

Qi Yuancheng seemed to resonate with him, and immediately said, “I also feel the same. The company’s operating costs have increased a lot during in the past two years, but profits have fallen far short of my internal estimates. I’ve asked my subordinates to investigate but they couldn’t find where the problem was. They told me that the market was being squeezed because of the impact of domestic e-commerce.” GvdcF

Qi Yu was stunned. That Complex Number he had asked clearly said that he could provide more specialized reports. Maybe he could even directly point to the crucial point. With so many senior executives in the company, don’t tell me that not a one of them was a match for his abilities?

“Why can’t we find the problem? Are all the members of Mei Wei’s management team vegetarians?” Qi Yu frowned.

“This is the difficulty of running a business. Hiring people is easy, managing people is hard. You value a person’s ability and have them work for you. But since they have the ability, they may not be willing to only receive such a small salary.”

“You suspect that a manager in the company is making mischief behind your back?” Qi Yu asked. tlsSR7

“This possibility cannot be ruled out,” Qi Yuancheng said conservatively. “If they can cover the accounts so rigorously that not even a drop of water can leak out, that the audit team and the shareholders can’t find any problem at all, then there’s nothing we can do.”

After Qi Yuancheng finished speaking, he turned to Qi Yu with a cheerful look. “However, I really didn’t expect you to have such a keen intuition. This is a very valuable trait for a businessman. The guidance I’ve given you for so many years has not been in vain… …”

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Qi Yu felt a burst of guilt. He didn’t want to tell his dad that he actually cheated.

And it wasn’t in his character to accept this kind of compliment without any qualms — He was just going to have to make this lie that he let out, whole and consistent — Qi Yu gritted his teeth and said, “Dad, do you have details of Mei Wei’s financial affairs for the past two years? I want to study it again.” ME0num

“I have it.” Qi Yuancheng felt even more relieved seeing his son taking the initiative to learn, “I will go to the company in a while and I’ll have the guys over at Finance transfer the detailed reports.”

The author has something to say:    [Little Theater]

Qi Yu: Stop with your nonsense. Are you going to do it or not?

Fu Yansheng: I’ll do it.  ̄ 3 ̄ iVbDrg

Half an hour later…

Qi Yu: That fast!

Fu Yansheng: If you’re complaining that I didn’t take longer, then you can pay me more money 🙂

———— O5L81G

Fu: I finally had a conversation with my wife. I was so excited that I couldn’t help bullying him~~~~

Translator's Note


Disclaimer: this novel is made by an author who’s not an expert when it comes to business. There are industries where three years to recoup an investment is not the norm. The ideal time to get a return on investment is different from industry to industry and even company to company if they’re pursuing different business strategies. For example, Amazon did not record their first profit until 9-10 years after they started because of the strategy they were implementing.
But then the author does give a similar disclaimer next chapter. So, just keep in mind that this is fiction and shouldn’t be used as reference.

Translator's Note


Just in chase anyone doesn’t know, ‘k’ means thousand

Translator's Note


The term stop loss is more often (actually I’ve only ever heard it used) in investments. It’s a price that you specify at which you would sell a losing trade. Example, you bought stocks with A company for 1$, hoping to sell it when it reaches 1.20. Over a period of time, the price started to drop instead. You tell yourself that to limit your loss, once it reaches 0.50, you’ll sell. 0.50 is your stop loss. It’s a price at which you sell to stop from losing more.

Translator's Note


Pecking stone = probably alludes to a peom Lu WenXu made to accompany a painting called ‘A Hundred Birds’. The poem goes something like:
Born one after another; three, four, five, six, seven, eight.

How many phoenixes and how many birds, pecking thousands of stones in the world.

It has an math riddle in the poem because 1+1+3×4+5×6+7×8=100 which matches the title of the painting.

Translator's Note


They bought more assets but their profits didn’t increase

Translator's Note


He’s going to stick with his lie. This is a way of saying that lies have a way of getting bigger and bigger.

Leave a Comment

15 comments

  1. Idk about others, but I want to punch FYS. He’s irritant, hope the MC put him in place in the future.

    Thanks for the translation!❤️❤️❤️

  2. Aww~ Yiyi, don’t be ashamed ah. You’re just a first year college student who started attending first basic finacc courses ma? After a few more sessions into the syllabus I’m sure your brain will be able to come up with that ordinary level fs analysis report like your hubby’s.