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ANDREW DAVID W.Y.
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04 / CAPITAL MECHANISM · V2.0
Consumption Performance and Operations · Three Demands, Actual Delivery and Unit Contribution
Consumption redeems corresponding contractual rights; operating results depend jointly on cash received, costs, fulfillment and after-sales.
V2.0 Internal Mechanism Design Draft · Additions are proposals; entities, contracts, parameters and applicability remain to be confirmed. Original: Capital.pdf.
04
Essential Consumption Demand
Essential consumption demand
Real customer demand
Specific goods or services
Identified performance obligor
Candidate goods and services
Supply-chain daily goods, actual AI equipment or related
services
Verify purchase price, sales price and real demand for each
SKU
High gross margin is a calculation outcome, not an assumption
Pricing and payment
Cash payment / Contract-permitted consumption-right
deductions
Specify limits, scope and validity
Budget supplier cash requirements separately
Delivery evidence and results
Orders, supplier quotations, shipping and acceptance
After-sales, returns and refund methods
Record cash received, fulfillment cost and redeemed rights
separately
Cultural and Experiential Consumption Demand
Cultural and experiential consumption
demand
Real customer demand
Specific goods or services
Identified performance obligor
Candidate real services
Conferences, events, training, study travel, etc.
Define schedule, service standards, personnel and
responsible parties
Verify qualifications and issuance basis where certificates
are involved
Pricing and payment
Confirm orders from service quotes and customer demand
Separate discounts/rewards from actual service costs
Clarify refund/change conditions, places and delivery period
in advance
Fulfill and settle
Attendance, itinerary, service delivery and customer confirmation
Record supplier settlement, cancellation fees and refunds
Do not count the full face value of rights as profit for
unfinished services
Premium Consumption Demand
Premium consumption demand
Real customer demand
Specific goods or services
Identified performance obligor
Candidate real goods or services
Jewelry and luxury goods based on real demand and quotes
Verify goods, suppliers and after-sales responsibility
Let customers choose voluntarily; avoid purchases solely to
redeem rights
Pricing and payment
Show cash cost and consumption-right deductions separately
Verify market price, transaction authenticity and taxes
Investment units are not automatically payment instruments
for goods
Results and operating contribution
Goods ownership, delivery, authentication or acceptance records
Rules for restoring cash and rights on refunds
Corresponding supplier cash settlement and order cash
contribution
Unified Order and Fulfillment Process
Order and pay
Confirm contract and price
Supply and settle
Procurement, fees and supplier payables
Deliver and accept
Confirm actual performance evidence
After-sales and refunds
Reverse and return corresponding
cash/rights
Redeem and reconcile
Settle eligible rights transaction by
transaction
Settled cash contribution per order (management measure)
= Actual order cash received − Supplier cash settlement − Cash fulfillment/channel/payment fees − Actual refunds − Related taxes
Continue tracking unsettled payables, later refunds and restricted uses separately; this measure does not replace accounting profit or the cash-flow statement.
Record at least four figures for every transaction: face value of rights redeemed, actual fulfillment cost, cash actually received and accounting revenue recognized.
Redeeming 100 in rights does not create 100 in cash or profit; classification and recognition timing depend on contracts and applicable standards.
yutengfei.com · Andrew David W.Y.
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