Chapter 55 Calculating the Benefits of Coin-Fired Electromagnetic Rifles
"hateful."

Director Ao looked at the news on Weibo and felt even worse.

At this moment, he felt as if he had become a monkey being laughed at by others.

When he released the video questioning Raymond Lam's ability, it caused a sensation on the entire Internet and successfully made countless people question whether Raymond Lam was qualified to develop a sales algorithm.

Now, the second-generation coin-fired electromagnetic rifle developed by Lin Feng in just over half a month has caused a sensation on the entire Internet.

It also successfully reached a patent licensing agreement with the Ordnance Industry Corporation, and received a patent licensing fee of up to 20%!

The more successful Lin Feng was at this moment, the more ridiculous his behavior of questioning Lin Feng's ability became. He seemed to have turned into a ridiculous monkey jumping up and down.

After realizing this, how could he not be so angry that he vomited blood?
But he is not a person who gives up easily, so he started making videos and posting on Weibo, where he has hundreds of thousands of followers.

It is claimed that the electromagnetic rifle and the recommendation algorithm are two completely different fields, and the success of the electromagnetic rifle does not represent how powerful the recommendation algorithm developed by Lin Feng is.

Lin Feng naturally didn't know what Director Ao said.

At this time, he and Qu Qiongying were calculating how much profit Xingtu Technology would make in the future.

In the patent licensing agreement reached with the North Industries Group Corporation, Xingtu Technology received a patent fee of 20% of the wholesale net selling price.

In this contract, in order to prevent fraud in the weapons industry, Xingtu Technology stipulated that the minimum wholesale net selling price must not be less than 2500 yuan, and recommended a wholesale net selling price of 3000 yuan.

Based on the suggested retail price of 3000 yuan, Xingtu Technology can take 3000% of the 20 yuan, which is a profit of 600 yuan.

Unfortunately, you can’t really get the 600 yuan because you have to pay taxes!

Previously, Xingtu Technology was a small and micro enterprise among township enterprises and could enjoy the preferential treatment of exemption from corporate income tax, but now it has reached a cooperation with the Ordnance Industry.

The amount of corporate income tax exemption must have exceeded the limit. After all, the maximum amount of corporate income tax exemption is only 300 million yuan.

If you exceed the quota, you must pay corporate income tax like other large companies. It can only be said that Daxia's bargains are not so easy to earn.

In addition, Xingtu Technology has to pay value-added tax honestly. Fortunately, the amount of value-added tax is acceptable.

Because patent royalties fall under the intangible asset transfer category in the value-added tax classification, it is sufficient to pay 6% value-added tax.

Of course, in addition to the two major taxes, value-added tax and corporate income tax, there are actually other scattered small taxes.

After some calculations, Lin Feng found that if the wholesale net price was 3000 yuan, then after deducting taxes, he could make a net income of about 400 yuan for each coin-fired electromagnetic rifle.

If 5 coin-fired electromagnetic rifles can be sold every month, based on a wholesale net selling price of 3000 yuan, Xingtu Technology can earn 2000 million yuan every month.

If 10 coin-fired electromagnetic rifles can be sold every month, based on a wholesale net price of 3000 yuan, then 4000 million yuan can be earned every month.

Of course, if the weapons industry sells it to wholesale distributors at a minimum wholesale net price of RMB 2500 per piece.

Then Xingtu Technology can only make 350 yuan for each rifle, and the profits from selling 5 coin-type electromagnetic rifles and 10 coin-type electromagnetic rifles will also plummet.

However, the weapons industry probably won't do this. After all, they also need to make money. By then, the wholesale net selling price is estimated to be more than 3000 yuan, and it is possible to reach 3500 yuan or even 4000 yuan.

But no matter what, although it is easy to make money by collecting patent licensing fees, you can make money without doing anything and just lying down, but in the end others will make more money than you.

If Xingtu Technology can produce and sell its own products, the profit will be higher, but the marketing risk will increase. After all, others don't know your brand-new military brand, who knows the quality, and whether it will suddenly break down during use. Those buyers are very concerned about the quality of military products.

Therefore, it is not a short-term thing to expand the global military industry market. Even Daxia had to go through decades of bumps and bruises before it gained the trust of foreign buyers and successfully established the brand of Daxia weapons industry.

But no matter what, even if it is difficult to expand into the global market, Xingtu Technology must move forward. After all, it is easy to collect patent fees without doing anything.

But this is ultimately an act in which his life is in his hands, and if anything unexpected happens in the future.

For example, the weapons industry or other people have developed products that are cheaper and more convenient to use.

If a water gun, air gun or new electromagnetic rifle can completely replace the coin-type electromagnetic rifle, it will be a disaster for Xingtu Technology.

“When will our factory be ready for production?”

Hearing this, Qu Qiongying, who was sitting opposite the table, put her hand on her chin and thought for a while, then answered Lin Feng's question.

"Probably in early February next year. I plan to wait until everyone comes back for the New Year before trying to recruit people. It's hard to recruit excellent workers and management talents right now."

Speaking of which, because she has been too busy with work recently and her long hair has affected her daily work, Qu Qiongying cut her hair a little shorter.

However, Qu Qiongying looks even better with shorter hair, because compared to her previous professional woman temperament, Qu Qiongying with shorter hair now has more of the temperament of a girl next door.

Finally, coupled with her graceful curves and the girlish fragrance she exudes, Raymond Lam always couldn't help but stay on Qu Qiongying for a few seconds from time to time.

"Is it difficult to recruit outstanding talents? Yes, we are a township enterprise, and it is indeed difficult to recruit outstanding workers and management talents."

After saying this, Lin Feng felt a little embarrassed.

After all, if Xingtu Technology’s headquarters was in Guangdong City or Shenzhen City, Qu Qiongying wouldn’t have to worry so much about how to recruit outstanding workers and talents.

Of course, Xiaohe Town and its nearby towns are not without outstanding talents. After all, many students from Xiaohe Town and its nearby towns are admitted to famous universities every year.

But my hometown can’t retain talented people!
Xiaohe Town and nearby towns are all agricultural towns. Even if there are factories, they are factories that utilize civil resources to process bricks, tiles, porcelain, wood, etc.

Formal electronic factories or machinery factories are extremely rare, and there is not even a single factory with more than a hundred employees.

Therefore, those talented people who graduated from various universities cannot stay even if they want to, because their hometown simply cannot support their development.

The only way left for them is naturally to develop towards other big cities, and this Chinese New Year is undoubtedly an opportunity to recruit talents.

Now, Xingtu Technology has become somewhat famous thanks to its cooperation with the weapons industry. With the coin-fired electromagnetic rifle, they also have their own products.

If we can make good use of the New Year opportunity and offer satisfactory high salaries, it will indeed be able to attract talents who have been working away from home all year round.

“We can contact the top leader of Xiaohe Town, and then publicize the achievements of Xingtu Technology and our recruitment in a dozen nearby towns.

After doing this, I should be able to gather enough people to form my own company team.”

Lin Feng gave his advice.

(End of this chapter)