BXBX NOVEL Chapter 939 - Data Check
Chapter 939: Data Check
Translator: Atlas Studios Editor: Atlas Studios
Data Check! At a moment like this, finally, it was time to check the data.
This was a common situation. In usual circumstances, when the commerce part of the Advancement assessment had ended, everyone present would be able to see who had the best results. After all, everyone would only be convinced when they saw the results. Otherwise, who knew if the numbers were real or fake?
“It’s finally time to check the data. We’ll wait and see if Hong Dali is cheating.””Of course we have to see. That is Li Haokong, after all. There are only five Black and White levels in the entire Milky Way. How is it possible that he lost to an Orange and Yellow-level Hong Dali?””That’s right, but it is hard to tell if the numbers are real...”
The audience discussed among themselves. Li Xuancheng froze in the spectator stand. He stood still for quite a while and finally nodded his head decisively. “Li Haokong’s request is in compliance with the rules. Next, the data of both will be announced!” It was necessary. That was Li Haokong, was it possible that he lost?
They had to look, definitely! They had to see how Hong Dali won!
“Request for viewing of data is in compliance with the rules. Next, let’s view both parties’ data.” Since he had received instructions from his superiors, the host immediately announced the rules for the data. “Rules for the calculation of the financial data by the business section: Minimum capital of less than ten million, profit below twenty million and profit margin of less than 300% will not be taken into consideration. Less than 100 million, the calculation will be at x1 rate. More than 100 million and less than 1 billion, the capital is to be divided by 100 million to obtain the number of times the calculation will be made, up to a maximum of x5. Above 1 billion and below 5 billion, capital is to be divided by 200 million, maximum x10. Above 5 billion and below 20 billion, capital is divided by 500 million, maximum x20.”
In other words, for example, it was easier for a small business with a capital of less than 10 million to profit several times the capital. Hence, capital of less than 10 million, a net profit of less than 20 million and 300% would not be taken into consideration. After all, with an investment of 100,000, it was highly possible to earn 500,000 a year. If it were calculated according to the usual method of 500%, and everyone did it this way, it would be meaningless.
For capital of more than 100 million, for example, the cost was 400 million and the net profit rate was 500 million. It would be 500 million divided by 400 million, equal to 125%. A capital of 400 million divided by 100 million equal four times the base. The final net profit would be 500%.
The higher the capital, the more difficult it would be to make a profit. An investment of two million could make five million. But that did not mean that if one invested twenty billion, they would make fifty billion a year. The multiplier number was different, so was the nature.
If the capital was three billion and the profit was 1.5 billion, the normal profit rate would be 50%. But due to the multiplier of up to ten times, the profit rate would be 500%. It was still a great deal.
When the rules were announced, the host shouted, “The rules have been explained. We will begin the announcement of the data!”
It was finally time for the announcement of the data.
In an instant, everyone was focused.
One had to admit, it was a Black and White-level Double Honorary Aristocrat, and there were only five in the entire Milky Way. To be able to see his data, chances like this did not come every day.
Soon, in the middle of the venue, Li Haokong’s data was displayed line by line. Along with the data was the project of the companies. The pictures and text placed together were easily understood.
The first display was a magnificent building. Yinhao Empire Hotel was written on it together with textual explanations—
“Yinhao Empire Hotel, total investment of 272 million. Last year’s annual net profit was 285 million.”
An investment of 272 million and a net profit of 285 million. Such a rate was shocking! After all, in all aspects, the larger the scale of the hotel, the lower the rate. A hotel with a total investment of one million may be able to make three million a year. But for a hotel with a total investment of almost 300 million, the net profit actually exceeded 100%...
“He’s Black and White-level, indeed. The rate is too scary!” “Yes, if it was me, the most I could make was 100 million.” “A hundred million? I’ll count myself lucky if I didn’t lose any money. This is a hotel worth close to 300 million, it’s not easy to manage all the different kinds of consumables.” “That’s true, it’s amazing enough to reach this level!”
The second one was projected. It was a spacecraft factory of a rather large scale.
“Royal Galaxy Top Spacecraft Manufacturing Plant, total investment 184 million. Net profit, 211 million.”
Thirdly was a machine manufacturing plant.
“Haokong Machinery Manufacturing Company, total investment 230 million. Net profit, 248 million.”
Next was the fourth, fifth, sixth...
Everyone stood in awe at the projection of every asset.
“He’s Black and White-level, indeed. Investments of such a scale yet there are almost no companies with a net profit of less than 100%. In addition, the overall coefficient...” “Yes, he is so capable, how is it possible for Hong Dali to defeat him? There must be something wrong!” “That’s right, that’s right. This all adds up to a profit margin of more than 700%, how is it possible for him to lose?” “Watch on, the final result will be announced soon.”
Sure enough, after all the properties under Li Haokong were introduced, the host announced the final data for him. “Young Master Li Haokong, a Black and White-level Double Honorary Aristocrat. Final statistics, Total investment: 1.386 billion, Total income: 1.472 billion. Profit margin: 106.2049%, Coefficient: 6.93, Final profit margin ratio: 736%.”
Profit margin ratio of 736%! No wonder he was Black and White-level!
What did the profit margin ratio represent? It meant that every year, Li Haokong’s total assets were doubled! Doubled!
His total assets for the first year could be one billion. Second year, two billion. Third year, four billion. Fourth year, eight billion. Fifth year, sixteen billion. On the tenth year, his total assets would become 512 billion!
Of course, the profit might slow down as time went by. But the base was high. Hence, Black and White-level Li Haokong’s capability was beyond doubt!
When everyone finished viewing the data, the Honorary Aristocrats’ expressions were no longer envious. It was worship. “He’s worthy of Black and White-level, it’s too scary! He’s doubling his assets every year!” “Exactly, I am afraid that in a few years, his total assets will exceed 100 billion.” “Otherwise, how could he become Black and White-level. He’s too good!”
Hearing the envy from everyone, Li Haokong’s face remained expressionless and cold.
He was even a little angry.
His net profit was more than 700%, after all. Such a rate was not easily achieved.
Even a business genius might not be able to achieve such results. But this Hong Dali...
He was actually better than him? Luck? What a joke. It was impossible to reach that level with pure luck, right?
“Haokong ah.” After watching the video, Li Xuancheng smiled. “Haokong, you did a good job. Just from the profit rate you achieved, you are already considered the first in the entire Milky Way Alliance! Don’t worry. We will be fair in assessing today’s results and will not let you feel aggrieved.”
Hearing that, Jiang Dongliu immediately became angry. “Old Li, what do you mean by that? Do you mean our Hong Dali won because the data was wrong?”
“Hehe, it’s possible for mistakes to happen,” Li Xuancheng said calmly. “In the history of Galaxy Aristocrats, Li Haokong was the first Honorary Aristocrat to be able to achieve a net profit of 700%. I’m afraid Hong Dali might not be capable of that, right?”
“You!” Jiang Dongliu was so angry, his beard was sticking out, but he could not say anything.
After all, a net profit margin of 736% was really not something anyone could achieve—Li Haokong was the first in the entire Milky Way! As for Hong Dali, the prodigal... was he really that capable?
Li Haokong did not say anything but suddenly glanced past the crowd toward where Hong Dali was.
Hong Dali was still sleeping soundly. He did not react to whatever was happening at all.
“Is Hong Dali really capable,” Li Haokong muttered, “or is he just lucky, and the data was wrongly inputted?”
Sighing softly, Li Haokong finally shook his head helplessly.
Before the final result was released, everything could only be considered conjecture.
Now that Li Haokong’s data had been announced, next would be time for Hong Dali’s data to be announced.
“It’s finally Hong Dali’s turn!” Everyone craned their necks in anticipation.
Everyone had always called Hong Dali a prodigal and he himself identified as one. How fantastic could his data be? At this time, although everyone knew that Hong Dali won in the confrontation between him and Li Haokong, in their hearts, they subconsciously believed that it was due to a problem with the data.
After all, when people see a person standing at the top of the world, they would worship him subconsciously.
But if a person who was at a similar level to themselves previously suddenly became the world’s richest man, everybody’s first thought would be that it was false, this could not be true. He was just a nobody, how could he suddenly become the richest man in the world?
Now that Hong Dali’s data was about to be announced, everyone craned their necks in anticipation.
They were waiting, waiting for the moment when Hong Dali’s data would be shown to all, the moment when he would be disgraced!