Chapter 012 Online Explanation
It didn’t take long for Qi Yu to receive the financial details forwarded by Qi Yuancheng. The email also contained the remark: “For viewing only by internal audit and authorized personnel”.
Qi Yu carefully compared and checked the conclusions Complex Number had given him.
As a result, he looked through it for two days until his head was practically swimming, but still couldn’t see it clearly.
Qi Yu thought, feeling depressed, if he was really going to have to look for that person again?
But…he really wasn’t willing.
Xu Jing didn’t have a finance background, and he wasn’t very good at this. Qi Yu also couldn’t ask him to look for someone for him. After struggling for a long time, he suddenly thought of a way.
Qi Yu opened WeChat and looked for Xu Yizhou. He stated plainly: “Xu Yizhou, can you recommend someone else who understands financial report analysis?”
Xu Yizhou replied after seeing the message: “Why are you suddenly asking me to recommend someone else? Did Xiao Fu not accept your job?”
Yu: “No, he accepted…”
Xu Yizhou: “Then, what’s the matter? He didn’t help you?”
Yu: “That’s not it either.”
Could he not say that he didn’t want to face-slap himself?
Xu Yizhou: “Oh, I see… Did he upset you?”
Yu: “Uh…”
Xu Yizhou: “I told you that his personality’s not very good… [Laugh-cry]”
Xu Yizhou: “But to tell you the truth, when it comes to financial analysis, I really can’t recommend anyone better than him.”
Qi Yu was a little bit unconvinced: “Isn’t he just an employee of an investigation company? Why do you say that he’s so fantastic?”
Xu Yizhou: “Investigation company?”
Yu: “The account he asked me to make the payment to was an investigation company.”
Xu Yizhou: “You mean ‘Zhuo Shi’? Haha, that’s just a “briefcase company“. He’s there just so it’s convenient for him to collect payment.”
Qi Yu was stunned: “He does this as a side job?”
Xu Yizhou: “Yes, he has an actual job.”
Yu: “What does he do for work?”
Xu Yizhou: “This I don’t know. He’s quite mysterious, and because of limited personal time, he has rarely taken on any side jobs in the past two years.”
Qi Yu forced down his inner annoyance and said, “His time is limited? It took him less than half an hour to analyze it for me.”
Xu Yizhou: “……?”
Xu Yizhou: “What did you ask him to do for you?”
Qi Yu copied the introduction Complex Number had given him about his three report levels and gave it to Xu Yizhou. He said, “I asked him to make a primary report for me.”
He didn’t expect for Xu Yizhou to reply with a string of sweatdrop emojis after reading it. He said: “You’re… Cracking a nut with a sledgehammer.”
Yu: “……?”
Xu Yizhou: “Xiao Fu’s abilities are far greater than that. Giving you a primary report analysis, might already be considered as him giving me face [laugh cry]. If you really need his help, just bear with him for a while. It can’t be helped that he’s that good. People in the circle know of his reputation and come looking to him for help.”
Qi Yu: “…………”
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.
After talking with Xu Yizhou, Qi Yu completely lost his temper and more than that, he was now even more curious about Complex Number.
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Forget it; it’s not like that person knows the vow he made to himself that day…
Yu: “Are you there? I want to ask you a question.”
F1S: “Busy. Wait.”
Qi Yu: “……”
This ‘wait’, turned out to be a full three hour wait.
It may be that Qi Yu was now concerned, after a while, he clicked on WeChat to see if there was a reply from Complex Number. And feeling bored, he even clicked on the person’s icon to take a look at his details.
There was a personal signature under “More Information”-“If relationships benefit me, then I lose morality. If I lose morality, I must see others’ wrongs.”
Qi Yu read it twice, but didn’t know what it meant.
At about noon, his WeChat finally ping-ed with a new message alert. Qi Yu immediately picked up his phone——
F1S: “Xu Yizhou asked me if I made you angry? Did I make you angry?”
Qi Yu: “……”
F1S: “This guy…why’d you go tell on me behind my back?”
Qi Yu: “…………”
F*ck…
…………! ! !
Qi Yu was quickly going to go stupid from anger. Because of how he himself, as well as how his family situation, was quite outstanding, almost everyone around him treated him politely. Even someone like Si Hang, that arrogant and willful spoilt rich kid, had a to feign civility with him for the sake of their parent’s faces. This was the first time Qi Yu has ever encountered someone who talked to him with this kind of attitude!
He closed his eyes and took two deep breaths, telling himself that this person was a master. For the sake of his identity as a master, he could tolerate the other party’s rudeness for now…
F1S: “In the future, just tell me what you think of me. I like to deal with frank people.”
F1S: “Alright, let’s talk about your problem.”
Qi Yu: “……”
…When he was done making use of him, he was going to make sure to blacklist this bastard! Damn!
Qi Yu forced herself to calm down and asked a question he had thought through earlier, “I want to know how you came to the conclusion that the ‘increased investment in productive assets does not reflect the corresponding increase in profits’. I have compared it to Mei Wei’s financial report for the past three years found that there was not much difference in the ratio of investment and profit.”
F1S: “You only looked across three years? No wonder you couldn’t see it.”
Qi Yu wondered, ‘If not? Across how many years should he look?’ Was it possible that he was going to have to look up all of Mei Wei’s accounts since its establishment? At that time, Complex Number only looked it through for half an hour. He even spouted something about it being “obvious”. Surely, he wouldn’t have to go that far, right?
F1S: “It’s not easy to explain typing it out like this. Come on, let’s discuss it over a call.”
Qi Yu: “???”
Wait, this kind of development isn’t quite right!
Why does he want to talk to him? What if the other party say something unpleasant and he can’t help but lose his temper? What’s he supposed to do then?
……
While in the middle of panicking, a voice call from F1S was already being displayed on the screen.
Qi Yu hurriedly pressed the answer button. After the call connected, he was silent for a moment and then cautiously let out a “Hey”.
“Can you hear me?” A cold, low voice came through the phone.
It was completely different from the nasty sarcasm in Qi Yu’s imagination. The other party’s tone sounded very serious and mature.
“En, I can hear you.” Unexpectedly Qi Yu’s bias against this person disappeared by a lot with this simple sentence.
“I just sent you a few comparison pictures. Open them and we’ll look at them as we discuss.” Without any hesitation, the other party went straight to discussing the main subject. “These are taken from Mei Wei’s financial reports from the past 5 years that I found on a database of reports from listed companies. When you take a look at it, pay attention. There is an analysis for the first two years and a different analysis for the last three. The management condition of Mei Wei during these two periods are different.”
Qi Yu was taken aback. They’re different?
“Let’s talk about the first two years. During this period, Mei Wei’s operations were relatively normal. Data from various aspects showed that the company was in good condition and profitable…”
Qi Yu, who had initially been nervous because he might not be able to control his emotions, gradually had his attention drawn in by what the other party was saying and he listened intently.
…In the past three years, Mei Wei’s investment in production assets have increased year after year. The investment in these assets will mainly be reflected in the the quantity, quality and profit of the goods. The table shows that the three-year profit has not risen but declined. The inventory turnover days have remained the same as three years ago. In that case, the invested assets can only be reflected in the quality of the goods. However, the 17.2% increase in sales expenses have exposed the problem…
“Um, why do you say that the sales exposed the problem?” There was no data related to the quality of the goods in the financial tables.
There was a pause, and he explained, “Three years ago, the long-term prepaid expenses in the financial statement also began to increase. My guess is that these are the endorsement fees of the celebrities contracted by Mei Wei. This aspect reflects that Mei Wei’s steady sales in the past three years has mainly been driven by promotion, rather than the quality of the goods and the reputation it has built. Of course, I can only make reasonable inferences through the company’s public financial reports, given that I have authority to validate further. If you can access the detailed accounts, then you can confirm whether the increased sales expenditure went into advertising expenses. You can also trace the evidence for the problematic points. I think you will be able to find the source of the problem.”
“……!” Qi Yu suddenly had a light bulb moment.
But… How is this an “obvious” problem? If he didn’t come right out and state his “reasonable inferences”, no one would have been to connect things this way!
Complex Number continued. He gave very meticulous explanations, from the specific assets shown in the five-year table to the changes in each source of profit, he pulled them out one by one to explain to him. After Qi Yu listened until he even took out a notebook and began to take notes.
……
By the time Complex Number fully explained everything, Qi Yu had long since lost those petty sulks. Instead, a faint sense of admiration had welled up in his heart.
“Do you understand?” Complex Number asked him.
Qi Yu gave an “en” and said, “Thank you…”
Complex Number: “Then I’ll hang up.”
“Eh, wait,” Qi Yu hurriedly stopped him, “I have another question.”
Complex Number was taken aback. “What?”
Qi Yu couldn’t help but say, “With such complicated data analysis, how were you able to reach a conclusion in just half an hour?”
However, after he finished asking, only silence could be heard over the other end.
Qi Yu waited for a while. He thought they might have had a bad signal, and let out a “hello?”.
Complex Number: “Do you know that you just asked me another ‘why is 1+1=2’ question?”
Qi Yu: “……”
The other person seemed to smile and then said slowly, “I was also thinking about how I came to a conclusion in half an hour, but I don’t know how to explain it to you. For me, this really isn’t some kind of complicated analysis.”
He paused for a moment, and then said, “Like just now, explaining it to you bit by bit; that was complicated.”
Qi Yu eyes went dark…
“Fine,” he tried to control his voice and use an equally calm tone. Gritting his teeth, he said, “You don’t need to answer me, goodbye.”
He was wrong; he shouldn’t have entertained any strange misconceptions…
This man could actually use such a calm and even gentle voice to spout out level-10 damage dealing ridicule!
Admire! Ha!
After hanging up the call, Qi Yu got up to get a bottle of ice water. He drank half the bottle before managing to calm down.
He returned to his room ten minutes later. He picked up the phone again, and saw that the other party had sent himself a few more messages.
F1S: “I just thought about it. It might provide more intuitive insight if you convert those data into graphs in your mind.”
F1S: “For example, based on Mei Wei’s business conditions in the first two years, you should convert the data into an analysis chart in your mind. You will now have a basic model for judging subsequent developments. In the third year, the production assets will increase. This is only one distinct variable in the function. Earnings should have a process of first falling and then increasing or falling and then flattening or even increasing. However, the data in the financial report for the next three years reflects a linear decline. From this point, it reflects that there is a problem with the financial data.”
F1S: “Moreover, you shouldn’t just look at your own financial reports, but also look at the reports of similar companies. Compare the data of all parties, and you will gradually get a feel for things.”
Qi Yu: “……”
Convert data directly into graphs in your mind? What kind of abnormal ability is this?
Looking at the word “typing” displayed in the chat interface, Qi Yu waited. After a few seconds, he saw another message appear below.
F1S: “Leave me a message if you have any questions. I will go to bed first.”
Qi Yu was surprised. It was only then that he realized that it was already two o’clock in the morning in China.
In fact, through their two hours of online explanations just now, from the bottom of his heart, Qi Yu had already recognized Complex Number’s strength.
So despite his anger, he no longer had the urge to blacklist the other.
Now that the other party was still patiently answering the so-called “1+1” question, Qi Yui inexplicably felt…somewhat comforted.
He did indeed have another question, but it wasn’t related to the financial report.
Yu: “Didn’t you say that you would only answer one of my questions for free? Then why can I now leave you a message if ever I have any questions?”
Moreover, during their call just now, Qi Yu asked more than one question, and the Complex Number never asked him for money.
However, the other party didn’t reply to this question of his until six hours later.
It was a screenshot of Complex Number’s chat with Xu Yizhou. In the screenshot, Xu Yizhou said, “Qi Yu is still a college freshman. You’re a contributing member of society. So, can’t you show him a bit of consideration? Don’t bully others.”
F1S: “You see? He told me not to bully you.”
The author has something to say: [Little Theather]
Qi Yu: If I ever ask him again, then I’m a dog!
Three days later.
Qi Yu: Woof!
————
“A Day in the life of Little Gong Fu”
Went to work, attended meetings, visited customers; I was so busy that I almost turned into a spinning top.
During this period, I came to learn that my wife filed a complaint about me to Fraction… Heartbroken.
I went home at night and patiently served as a private tutor for my wife. I racked my brains to answer this why is 1+1=2 question and I used all I had to save myself from being dragged into the blacklist.
Phew. Truth be told, my wife was so well-behaved during class. His “en, en, en” was so pleasant to listen to.
Two o’clock in the morning, I can finally sleep. Life is difficult~
————
Fraction: You think blowing rainbow farts for you isn’t difficult! This lacks the basic quality of an undercover agent! (* ￣︿￣)
————
PS. (From the author) Let me just say that my field isn’t management and it is inevitable that there will be bugs in this story. But for the industry-related content in the story, I did ask my friends in that field to help check, in order to maximize the details of the characters and to give everyone a good reading experience.
But when all is said and done, this is a novel and novels, have fictional and exaggerated elements. I welcome readers and friends to raise major issues to help me improve the quality of this story (you can sent me a private message. I will be sure to read it), but also I politely refuse to listen to comments that take this fictional story too serious or are being too nitpicky. Nothing is absolute. Personal experience cannot be used as a criterion for judging all rights and wrongs. If you have any doubts, for the time being, please read the story first.
Go get your wife! First a phone call and then meet up in person 🙂
eheheh.. 1+1=2 huh…
silently writes retard on forehead
“Just who is this guy?”
Qi Yu, he’s obviously your husband to be 😂😂
The way i understand jack shit about their discussion
After investing, there will be a period of time where there will be losses. Afterwards, you slowly reach a breakeven point where you overcome your losses, and your company starts earning profits. Here, they have spent the money, but profits didn’t increase. There are 2 ways an investment can be made in manufacturing goods. Either the quantity or quality increases- Both these policies should generate more money in the long term.This means that there has been a leakage where the profit money is slipping away. More like, it’s being lost in advertising fee. If spending a particular amount leads to, let’s say, a 150% increase in sales, that’s good. But if the advertising fee gets to a point where it’s eating all the profits – That’s where all the money is leaking. Whoever is laundering the money is making use of this loophole and threw the blame to “e-commerce and fast fashion are dominating the traditional textile market”.
Great chapter! Your translation is very easy to understand, thanks for all the effort!
wdym 1+1=2 this is obviously some kind of insane theoretical math problem equation
Wholly agree with you author. Do your best !! Thanks for the chapter.
💙💙💙
I am reading their discussion, but not comprehensing. XD
This is truly amazing, accounting is my major in school and this is similar to what we are taught. It’s almost impossible to be as good as F1S but then I wish I could in real life😫
I’m a science major since 9th grade but this was actually fun to read. Also, I doubt Fu guy converted the datas into accurate graphs, more like a relative illustration of the datas to help analyze it …. That’s not really, uh, difficult tbh
Thanks for the chapter 😘
I think your translation efforts have been fabulous – the financial analysis aspect is easy to read and digest. Good work!
thanks for the chapter!
My brain hurts but I understood it….probably.😞
lol so secretary xu’s codename is fraction?? that ‘a day in the life of little gong fu’ is so hilarious i can’t!!
bruh even for 1+1 i literally do not trust myself and use the calculator… how u expect me to understand this some mental theoretical problem 🙂
Xiao Yuyu diligently attending his hubby’s spacial free of charge finance course~ So cute ahhh
he🙂, Mr. Fu, u think what u just explained is a 1+1=2 kind of problem?^-^ just read it made me want to go and study my subjects than trying to wrap my head around this insane math ^_____^#
anyways, the theater made me chortle, nice save there little gong Fu o(￣▽￣)ブ
Maybe because I’m autistic, I don’t find ML rude. He’s just being honest. I can relate to him about 1+1=2. Sometimes I’m having a hard time explaining than understanding. Except for the last reply, it’s slightly rude + teasing + sarcastic.
I agree too, he’s been known for being a genius and mental math is his forte. It’s just like asking a mother or chef how they know that they poured in exactly one gram of milk on a recipe, they say it’s just a feeling they can’t really specify
I tend to ask alot of “why is 1+1=2?” Questions. But unlike analogies, my mom would just tell me i have no common sense. And even then, i also have a whispering question at the back my head… what the hell is common sense? 😭 i need a patient husband like Fu to help me but im not as interesting as the charming qi yu