My Age of Investment

  Chapter 1018 Money is not a problem (Bunny Bear Leader 710)

   "As the saying goes, the soldiers and horses are not moved, the food and grass go first."

  Xia Jingxing smiled, "If you want to engage in technology, you have to spend money first. Our company doesn't say that we are paying large dividends to the executives. It is good to be able to make a profit and lose yourself."

  Everyone laughed, thinking that the boss was suggesting to them that the company could not pay dividends for the time being.

  They are really not anxious about this. Although the Fuxing Industry name has industry, they have always regarded themselves as a complex of "industry + technology".

  Tech company executives look forward to dividends every day? The pattern is smaller!

  Dividends might as well be spent on technology research and development, and get a great product to pull a wave of stock prices, so that equity incentives are valuable.

At present, the shares of the parent company of Fuxing Industry Holding Group are only in the hands of Xia Jingxing, Chen Hong, and Lin Weiping, but the news has been released to the executives, and the major business groups will form subgroups to provide equity incentives to the subgroup executives. In the future, the subgroups will be separated and listed, so that the brothers and sisters who are struggling with it can also enjoy financial freedom.

   "Next, there is one more thing to announce."

  Xia Jingxing nodded to Deng Yuanyun, who stood up cheerfully.

  "The group's major shareholder, Envision Capital, after investigation and determination, will inject 5 billion yuan and 1 billion U.S. dollars in dual currency financing into the Fuxing Industry Holding Group based on a post-investment valuation of 10 billion U.S. dollars!"

   One stone stirred up a thousand waves. The middle management of the lower-ranking group such as Qian Chen and Huang Jiangji, look at me, I look at you, is this valued at tens of billions of dollars?

  Chen Hong and Lin Weiping smiled. They are shareholders and the earliest insiders, and this valuation is also approved by them.

  Except for Shen Xiangyang, the other five business group presidents reacted differently. Lin Bing was happiest. Li Ying was also smiling. Zeng Qianqun and Liang Mengsong had calm expressions, but Li Zexiang had a bitter smile.

With a light cough, Deng Yuanyun, the financial steward of the group, revealed the answer: "Regardless of the out-of-stock in September, the Fuxing mobile phone went on sale for more than five months last year, and the cumulative sales reached 2.8 million units.

  This year, Fuxing Mobile plans to launch FX2, and FX1 will continue to sell. This year's sales target is a minimum of 10 million units.

  Renaissance mobile phone revenue was 9.966 billion yuan last year, almost breaking through 10 billion yuan.

  Even after amortization of R&D investment, marketing investment, administrative manpower and other expenditures, Fuxing mobile phone is still slightly profitable, and the cash flow is positive soon after the mobile phone goes on the market.

   Therefore, after the final evaluation, the revival mobile phone was valued at USD 5.5 billion.

  Last year, home appliance stocks rose not small, Kelon and Rongsheng also smoothly got out of the debt quagmire and ushered in a new life, so the overall business sector valuation of the home appliance business group increased not small, reaching 1.5 billion US dollars, more than twice last year.

  Consumer demand for digital products has surged year after year, and ATL’s battery orders last year also have a good growth. Therefore, the valuation of the energy business group has risen by more than 50%, reaching 300 million US dollars.

  Fuxing semiconductor chip manufacturing plant has not been put into production for the time being, and its estimated value is 589.5 million U.S. dollars based on the amount of investment.

  Dajiang..."

Deng Yuanyun glanced at Li Zexiang and saw the other party’s bitter smile. He said: “DJI has not yet launched its first drone. The valuation is still the same, 100 million yuan, but I heard that the first product will be launched this year. I believe Valuation will certainly usher in a qualitative leap."

  Although Li Zexiang looked embarrassed, he nodded to Deng Yuanyun and thanked him for his encouragement.

  At present, the six major business groups are the ones who draw the most. Although they are also tied to the valuation unit of "100 million", they are in RMB.

   Seeing that other colleagues are valued at hundreds of millions of dollars and billions of dollars, he has a fighting spirit in his heart, and he wants to catch up!

   When I went back, I talked to my student Wang Tao that we need to speed up the development of multi-rotor aircraft. Don’t be thrown too far by other business groups. During a meeting, I was so embarrassed that I almost dig my toes.

"In addition to the total assets of Fuxing Mall, Fuxing Internet of Things, and Sunco Real Estate, the pre-investment valuation of Fuxing Industry Holding Group totals 8.3 billion U.S. dollars. After completing this round of financing, which is converted into RMB 12.27 billion, The post-investment valuation will reach US$10 billion, equivalent to RMB 72.7 billion."

  Deng Yuanyun finished his report and closed the documents in his hand.

  The people present all applauded. Counting from the establishment of Fuxing Mobile, Fuxing Industrial Group has reached the level of tens of billions of dollars in only three years.

  This valuation casually slanders the conscience company, which can be on par with the Internet giants.

  In terms of scarcity, China's tens of billions of dollars of hardware technology companies at this time are the only one, and there is no semicolon.

  Xia Jingxing emptied his palm, and everyone gradually stopped the applause.

  "In this financing, US$1 billion was invested in Fuxing China Research Institute and the cloud and smart industry business group, and the other 5 billion yuan will be used to build the Fuxing Industrial Technology Park."

  Xia Jingxing calmly observed the expressions of the executives of the six major business groups, and found that all of them were calm, and no one seemed uneasy.

  Thinking about it, he feels that it is normal. The other five business groups currently do not collect a penny of profit, and they are all self-sufficient.

  ATL and several home appliance companies are now all on the right track of business, and there is no need for group blood transfusion and capital injection, and they can live very well by relying on their own profits.

  Needless to say, Fuxing Semiconductor and DJI, the products have not yet been developed and launched, and the money on the account has not been spent yet, and there is no face to ask for money.

  Fuxing mobile phone, let alone, it is already slightly profitable, let alone blood transfusion next year, it should act as a cash cow for the group.

  "The $1 billion in the Research Institute and the Cloud and Wisdom Business Group are already there and will not be used for other purposes."

Xia Jing's jargon changed, "But the 5 billion yuan is estimated to be unused for building buildings, because the Daxing District and Beijing City governments have decided to support our entrepreneurship and innovation, and will contact major banks to give us a preferential building loan. In terms of land prices, There are also considerable discounts.

  Therefore, there may be a lot left in the RMB 5 billion budget.

  If the money is not spent and turned into tangible performance and patents, there will be no children lying on the account.

  So, I decided to assign it to the smart home appliances and energy business group. "

Zeng Qianqun looked happy. Who doesn't like the funding? With this money, CATL is still in the R&D stage. However, ATL can use it to build one more plant and build one more production line, which will bring a lot of help to the performance improvement. .

Li Ying is also very happy, because the pilot projects for home appliances to the countryside are now in full swing in the three provinces. The government is likely to expand the scope of the pilot. It depends on the past two years whether the several home appliance brands under its brands can enter the first tier from the second tier. NS.

Xia Jingxing first gave Zeng Lai a few times, and then said to Li Ying: "Home appliances to the countryside must be done well. In addition, the storm of the subprime mortgage crisis is spreading, and the domestic stock market has also begun to plummet. You can look for opportunities to increase your holdings. Equity in a listed home appliance company."

  Li Ying nodded, Xia Jingxing had told her to increase her shareholding very early. She also has plans in this area, but there has not been much funding to support the completion of this plan.

  Now that the group is willing to allocate funds, all obstacles to holdings have been removed.

Renaissance Industry Group's shareholding in several home appliance companies is not high. Except for 100% of the small appliance company Xiaoxiong Electric and 60% of Supor, other companies such as Kelon, Rongsheng, Little Swan, and Chuang maintain a percentage of shares. Twenty to thirty, thirty to forty.

  These equity interests must be recovered one by one, and finally gathered together to form a sub-group of the home appliance industry.

  The priority of this matter is second to R&D projects such as Fuxing Mobile Phone, Fuxing Cloud, and Artificial Intelligence, so it has not been done before.

  Now that I have surplus food in my hand, I naturally have to solve them one by one.

Xia Jingxing looked at Liang Mengsong and Li Zexiang again, and calmly said: “You don’t have to be impatient here. After you have launched products this year, and obtained sales and orders, we will solve the work of expanding production capacity and marketing.

  In short, money is not a problem! "

Both Liang Mengsong and Li Zexiang laughed at Xia Jingxing's humorous phrase "Money is not a problem", but they know that this is not the boss in Versailles, but there is really no shortage of money now.

  The Chinese media has been greeted by the above, and there is no big report. Most people do not know the feat of Envision Capital in the United States.

  After all, they are different from ordinary people. It is much easier to obtain overseas financial news, and they also pay more attention to the movement of Envision Capital, because they are major shareholders and major financial owners.

  Liang Mengsong smiled and said: “Mr. Xia, I’m not in a hurry. If you give me money now, I don’t have the energy to build a second factory. Putting the first factory into production is our top priority.”

  Li Zexiang nodded and said, “Yes, the situation in DJI is similar to that of Fuxing Semiconductor. The final debugging is already underway, and the first consumer-grade drone product will be launched this year.”

  Xia Jingxing nodded in satisfaction. After this year, all industries are on the right track, and Fuxing Industry will burst out with dazzling light.

  (End of this chapter)