571: Chapter 571 Preparing to Disclose Private Equity Fund Profits! (Chili Sauce Advertisement!)

Chapter 571: Preparing to Disclose Private Equity Fund Returns! Chili Sauce Ad!

"Not bad!"

A 5% return—to be honest, this was already higher than the annual returns of some private equity funds!

Because some private equity funds had negative annual returns...

Compared to Pei Jiaqi, Su Yang had originally been more optimistic about Zhou Chenghong.

Both were talented.

But Zhou Chenghong was thirty years old, and both his experience and ability were superior to Pei Jiaqi's.

Of course, that didn't mean that the stronger the ability, the less likely a fund would lose money.

Even experienced private equity fund managers had times when they capsized.

And even the greenest fund managers had times when they won their bets!

It was just that with more experience and greater ability, the probability of winning was higher!

Pei Jiaqi asked in a low voice, "Boss, did you know I would lose money?"

"Why do you ask?"

"Just a feeling!"

"Mm!" Su Yang nodded with a smile. "Your feeling is correct!"

Pei Jiaqi's face immediately fell into a bitter expression.

As Nvidia continued to rise, bringing massive returns to yuanshi wealth no. 1, and with Su Yang's earlier groundwork, the management of Yuanshi Private Equity trusted Su Yang more and more.

"Boss, you're here!"

Upon receiving news of Su Yang's arrival, Xiong Tianze came out of his office to greet him.

"Mm!"

"Boss, our fund's returns have gone up again in the last few days!" Xiong Tianze said with a smile. "I originally wanted to wait until after National Day to give you the good news."

Even if yuanshi wealth no. 1 had high returns, it didn't have much to do with these executives.

Because Su Yang had said that the commission for the management team on this private equity fund wouldn't be high.

But if yuanshi wealth no. 1's returns were high enough, it could make a name for the company.

That would make it easier to issue other private equity funds... and wouldn't the profits come then?

"Manager Pei already told me!"

"That's good, that's good!" Xiong Tianze asked in a whisper, "Then shall we disclose it to the clients on the tenth?"

"Sure!"

Su Yang nodded.

When the contracts were signed, yuanshi wealth no. 1 had agreed with the clients that the private equity fund's returns would be disclosed to them once within the first ten working days of every month!

If a private equity fund lost money, the company would certainly be evasive and stall as long as possible.

Just like the financial reports of some listed companies!

But since Yuanshi Private Equity had helped its clients make a profit, they were very willing to let them know.

Coincidentally, Su Yang was also tired of being asked.

The buyers of Tianhe Wealth No. 1 were either people close to him, his staunch supporters, or business partners who trusted him. When they asked about the fund's returns, they called his phone directly!

There were also many who were too embarrassed to ask, but were likely feeling anxious in their hearts!

Disclosing the return information would give them some peace of mind!

"Boss, there's one more thing I need to tell you!"

"What is it?"

"I've received word that the authorities might strengthen controls over private equity funds like ours, including a requirement that private securities funds cannot bet on a single stock!"

"Mm! I know!" Su Yang nodded and smiled. "But don't worry, that requirement definitely won't come down within a year. Even if it does eventually, it won't have much impact on us!"

"That's good then!"

Xiong Tianze felt a bit puzzled. Did the boss have his own sources of intelligence?

Seeing how certain the boss looked, the source of the information was likely very accurate.

But when he thought about how many companies Su Yang had, and how he had heard there was strong support from local authorities, he was no longer surprised!

Su Yang stayed at Yuanshi Private Equity until ten in the evening before heading straight home.

It was impossible for him to pull an all-nighter with the employees, but he did feel that these employees were working a bit hard.

Even though they had weekends off, staying up late every day meant he should still consider giving them more bonuses at the end of the year!

He also needed to have the private equity firm buy wholesale gym memberships from Spark Fitness so they could exercise properly.

They shouldn't let their health collapse while they were still young!

The next day, the eighth, after the usual meeting to encourage corporate acquisitions and expansion, Tan Yanghong followed Su Yang to his office to chat about the two products Jiuxiang Food intended to promote.

They were Jiuxiang Food's jiuxiang beef snacks and shuxiang chili sauce from its subsidiary.

This was a decision Tan Yanghong had made after comprehensive consideration.

Because beef prices had been driven down by imported beef, the gross profit margin for Jiuxiang Food's beef snacks had increased, and beef snacks had always been a flagship product for Jiuxiang Food.

As for snacks like nuts, pickled chicken feet, preserved fruits, and potato chips, there were many well-known snack companies already making them. They had a first-mover advantage and high brand recognition!

It wasn't that Tan Yanghong was afraid of them, but rather that he wanted to maximize the effect of the money the company used for marketing.

Chili sauce, on the other hand, was widely used and very popular in the country!

Coincidentally, after a certain well-known old domestic chili sauce brand changed leadership, its reputation had dropped significantly. Many chili sauce brands were eating away at its market share, and Tan Yanghong intended to make a breakthrough in this area.

He believed that shuxiang chili sauce, in terms of taste, was fully qualified to become the new overlord of the chili sauce market, or at least take a slice of the pie!

Shuxiang Bean Paste Company was a company Su Yang had acquired relatively early on, primarily dealing in bean paste and chili sauce.

Without realizing it, the bean paste and chili sauce produced by this company had already occupied a certain market share within the province, and had begun to spread to other provinces through the channels of Jiuxiang Catering, Fengyuan Ingredients, and Meijia Housekeeping!

In addition, the Chuanhe Edible Oil Company that Su Yang had acquired early on was like Shuxiang; its monthly profits were growing steadily!

Of the nearly one thousand employees Su Yang had recruited last time, a small number had also been assigned to these two subsidiaries.

In its early stages, Jiuxiang Food focused on online marketing, mainly selling snacks.

It had somewhat neglected these two subsidiaries!

In Tan Yanghong's view, daily condiments like chili sauce and cooking oil were more suitable for TV commercials, ideally placed in programs favored by housewives.

Su Yang thought about it for a moment and gave his direct approval!

Guangzhou, Guangdong Province, Yuexiu District, Spark Fitness.

After reviewing the body assessment report, fitness coach Yu Ruijun said to the woman before him named Chen Hanxin, who was exactly thirty years old, "There's a minor issue with your cervical spine. Do you work at a desk for long periods?"

"Yes, we work quite a lot of overtime!" Chen Hanxin asked with a frown, "Is it serious?"

"It's not serious, but you should pay attention to it normally. It's best to get up and walk around after sitting for an hour. I can teach you a few movements to relieve cervical fatigue that you can do when you're tired at work..." Seeing Chen Hanxin's slightly frowning expression, Yu Ruijun added, "For free!"

Chen Hanxin: "Really?"

"Of course it's true!"

"Oh!"

"However, your body fat is relatively high. You're less than 1.7 meters tall, but your weight is almost 80 kilograms!"

"I don't feel like moving after getting home from work every day, and I've been gaining weight very fast lately," Chen Hanxin said helplessly. "I heard your service is good, the coaches are professional, and you have specialized weight loss classes, so I wanted to come and take a look."

"You certainly have a good eye. Our weight loss classes at Spark Fitness are very strong... Which level of weight loss class do you want to sign up for?"

"There are levels?"

"You can take a look at this!"

Yu Ruijun handed a brochure to Chen Hanxin.