Lin Wan actually doesn’t agree with going public because they don’t lack money. Only those who lack money think about going public to make a quick buck. Going public costs money. If they really went public, a lot of things in the company would become transparent, exposing many secrets. When going public, if the stock price is set too low, it would be a loss for the company.

Since they don’t lack money, she doesn’t recommend going public. She needs to have a good talk with Su Ling and the others about this matter.

On the morning when she returned to S City this year, Lin Wan was still checking the accounts in the factory. Even on the way, she was still checking accounts. She needed to organize this year’s accounts so that Su Ling and the others could have a look. After all, it’s a business for the three of them.

There can be no sloppiness. This year, her factory’s profit is still pretty good, with a net profit of over 8 million, and the factory in S City is even more impressive, with at least over 10 million. With such income, there’s no need to go public.

Uncle Hu and Grandma knew that they would have no place to stay this year when they came, so they had already made plans. The house across the street bought a new house outside and moved out. This place was to be rented, and Grandma rented it. When the kids return, there will be a place to sleep.

In fact, Grandma didn’t need to spend this money. As soon as they came back, they called Shen Rong to let her vacate their godmother’s house. After using it as a family inn, she used the godmother’s place to store things. Now that they occasionally come back, it’s inconvenient without a place, so they asked her to clean it up.

With Grandma renting a house like this, they wouldn’t have to stay here. But Shen Rong said that this place was about to be demolished soon. Lin Wan was waiting for this news; demolition would be great.

By the second day, Lin Wan went to the factory, where Su Ling and Pei Bai were waiting for her.

"You’re finally here. How do you feel about my proposal?" Su Ling was anxious now because there was a listing team that fed her the benefits of going public every day, and she was very tempted.

"Not so great." Lin Wan opened directly, giving them a definite answer, and then took out the account books from the factory in Z City and said to Su Ling, "Did we finish checking the accounts here? Take it out and let me see." 𝕗𝕣𝐞𝐞𝘄𝐞𝚋𝚗𝗼𝘃𝗲𝗹.𝚌𝕠𝚖

Seeing Lin Wan’s stern face without a smile and demanding to check the accounts right away, Su Ling and Pei Bai thought she was angry about this matter and wanted to split the business with them.

The two exchanged a puzzled look, not knowing what Lin Wan wanted to do, but they brought out the account books anyway.

Lin Wan took the account books and began to audit them. Meanwhile, Su Ling said to Lin Wan, "Last year’s revenue was 30 million, with a net profit of more than 13 million. This year, it grew by one point. The performance over the past few years has been incremental, steadily growing. So, if our factory went public, it would be very easy. Moreover, after going public, our value would increase immediately."

Lin Wan looked at the books too, and it was indeed so. Lin Wan looked up, coughed lightly, and said to them, "Actually, there are quite a few advantages to going public. It would bring higher visibility to the factory and increase financing channels. However, if the company goes public, there will be shareholders, and shareholders will have many demands, requiring quick returns and high returns. These will change our Wanyi, and our operations and long-term goals will not be the same as before. In fact, the simplest reason is that once your factory goes public, it’s no longer yours because the equity will be diluted, and you have to use funds to take care of all the shareholders and disclose all information publicly. The risks the factory faces will further expand, and it’s very easy to lose more than you gain. Let’s discuss our current situation... Now, we have a net profit of more than one million per year, with over 50 million in working capital in the factory, often left unused. Do we still need financing? No, we don’t. If you’re thinking about what to do with that money if we finance, expand? No, we don’t need it. If we want to expand, we have enough money ourselves, so why bother looking for others? If you find others, and they give you money, you have to give them part of the factory, what are you getting in return? You not only see the benefits that going public brings us but also consider the downsides. I have studied the process of going public and understand the companies that have gone public. I deeply understand the logic behind it, so I won’t touch on listing and financing. Moreover, I will resolutely not go public in the future. Sisters, know that once you go public, it could potentially lead to bankruptcy." Lin Wan’s words were somewhat severe, but there have been such cases.