My Age of Investment

"As the saying goes, before the soldiers and horses are moved, food and grass go first."

Xia Jingxing smiled and said, "If you want to engage in technology, you have to spend money first. Our company doesn't even have to pay large dividends to our executives. It's good if we can be responsible for our profits and losses."

Everyone laughed, thinking that the boss was hinting to them that the company would not be able to pay dividends for the time being.

They are really not in a hurry about this. Although Fuxing Industrial's name contains industry, they have always regarded themselves as an "industry + technology" complex.

Technology company executives look forward to dividends every day? The layout is smaller!

Dividends are better spent on technology research and development, creating a great product and boosting the stock price, so that equity incentives are valuable.

Currently, the shares of the parent company of Fuxing Industrial Holding Group are only in the hands of Xia Jingxing, Chen Hong, and Lin Weiping. However, the executives have been informed that the major business groups will form sub-groups and provide equity incentives to the sub-group executives. In the future, the sub-groups will be split up and listed, so that the brothers and sisters who work together can also enjoy financial freedom.

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

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

"The group's major shareholder, Vision Capital, has decided after research to inject dual-currency financing of RMB 5 billion and US$1 billion into Fuxing Industrial Holding Group based on a post-money valuation of US$10 billion!"

One stone stirred up a thousand waves. Qian Chen, Huang Jiangji and other lower-ranking group middle managers looked at me and I looked at you. Is this a valuation of tens of billions of dollars?

Chen Hong and Lin Weiping smiled. They were shareholders and the earliest insiders, and the valuation was also approved by them.

Except for Shen Xiangyang, the CEOs of the other five major business groups had mixed reactions. Lin Bing was the happiest, Li Ying was also smiling, Zeng Fuqun and Liang Mengsong had calm expressions, and only Li Zexiang had a bitter smile.

With a slight cough, Deng Yuanjun, the group's financial manager, revealed the answer: "Regardless of the September outage, Fuxing mobile phones were on sale for more than five months last year, with cumulative sales reaching 2.8 million units.

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

Last year, Fuxing Mobile's revenue was 9.966 billion yuan, almost exceeding 10 billion yuan.

Even after amortizing R\u0026D investment, marketing investment, administrative manpower and other expenses, Fuxing Mobile is still slightly profitable, and its cash flow became positive not long after the mobile phone was launched.

Therefore, after final evaluation, Fuxing Mobile was given a valuation of US$5.5 billion.

Home appliance stocks rose significantly last year. Kelon and Rongsheng also successfully emerged from the debt quagmire and ushered in a new life. Therefore, the valuation of the overall business sector of the home appliance business group increased significantly, 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 saw good growth. As a result, the valuation of the energy business group increased by more than 50%, reaching US$300 million.

The Fuxing Semiconductor chip manufacturing plant has not yet been put into production, and its valuation is US$589.5 million based on investment.

DJI…”

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

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

At present, they are the most popular among the six major business groups. Although they are also involved in the valuation unit of "100 million", they are in RMB.

Seeing that other colleagues were valued at hundreds of millions or billions of dollars, he also felt motivated to catch up!

When I got back, I told my student Wang Tao that we should speed up the research and development of multi-rotor aircraft. Don't be left too far behind by other business groups. During the meeting, I was so embarrassed that I almost dug my toes into the three-bedroom and one-living room.

"Coupled with Fuxing Mall, Fuxing Internet of Things, Sunchi Real Estate and other zero-to-zero assets, the pre-money valuation of Fuxing Industrial Holding Group totals US$8.3 billion. After completing this round of financing, which has been converted into a total of RMB 12.27 billion, The post-money valuation will reach US$10 billion, equivalent to RMB 72.7 billion."

Deng Yuanjun finished his report and closed the document in his hand.

Everyone present applauded. Counting from the establishment of Fuxing Mobile, Fuxing Industrial Group has reached a valuation of tens of billions of dollars in only three years.

This valuation can easily scorn a company with good conscience, and it can be compared to the three giants of the Internet.

In terms of scarcity, there is only one hardware technology company worth tens of billions of dollars in China at this time, and there is no other semicolon.

Xia Jing Xingxing pressed his palms, and everyone gradually stopped applauding.

"In this financing, US$1 billion will be invested in the Fuxing China Research Institute and the Cloud and Smart Industry Group, and another 5 billion yuan will be used to build the Fuxing Industrial Science and 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 looked angry.

When he thought about it, he thought it was normal. The other five major business groups currently did not collect a penny of profits from the group and were all self-sufficient.

ATL and several home appliance companies are now on the right track in business, and they do not need blood transfusions or capital injections from the group. They can live a comfortable life just relying on their own profits.

Needless to say, Fuxing Semiconductor and DJI have not yet developed their products and put them on the market. They have not spent all the money in their accounts, and they have no shame in asking for money.

Not to mention Fuxing Mobile, which is already making a slight profit. Let alone donate blood to it next year, it should act as a cash cow for the group.

"The US$1 billion from the Research Institute and the Cloud and Intelligence Business Group has already gone somewhere and will not be used for other purposes."

Xia Jingxing changed the subject, "But the 5 billion yuan is not estimated to be used up for building buildings, because the governments of Haiding District and Beijing City have decided to support our entrepreneurship and innovation, and will contact major banks to give us a preferential building loan. The land price There are also considerable discounts.

Therefore, there may be a lot left over from the 5 billion yuan budget.

If this money is not spent and turned into real achievements and patents, it will not have children just sitting in the account.

Therefore, I decided to allocate it to the Smart Home Appliances and Energy Business Group. "

Zeng Fuqun looked overjoyed. Who doesn't like funding? With this money, CATL is still in the research and development stage, but ATL can use it to build an additional factory and build an additional production line, which will bring a lot of help to improve performance. .

Li Ying is also very happy, because the pilot program of sending home appliances to the countryside is now in full swing in three provinces. Next, the government is likely to expand the scope of the pilot. Whether several of its home appliance brands can move from the second tier to the first tier will depend on the next two years. .

Xia Jingxing first explained to Zeng Fu, and then said to Li Ying: "We must do a good job in bringing home appliances to the countryside. In addition, the storm of the subprime mortgage crisis is spreading, and the domestic stock market has also begun to plummet. We can look for opportunities to increase our holdings of a few Equity shares in listed home appliance companies.”

Li Ying nodded. Xia Jingxing had told her about increasing her shareholding a long time ago. She also had plans in this regard, but she never had much funds to support the completion of this plan.

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

Fuxing Industrial Group's shareholdings in several home appliance companies are not high. In addition to holding 100% of the shares of small home appliance company Xiaoxiong Electric and 60% of Supor, others such as Kelon, Rongsheng, Little Swan, and Chuanghui maintain 100% of the shares. Twenty or thirty, thirty or forty.

These equity interests must be recovered one by one, and eventually they will be brought together to form a home appliance industry sub-group.

The priority of this matter is secondary to R\u0026D projects such as Fuxing Mobile, Fuxing Cloud, and artificial intelligence, so it has not been started before.

Now that we have surplus food in our hands, we naturally have to deal with them one by one.

After explaining to the two of them, Xia Jingxing looked at Liang Mengsong and Li Zexiang and reassured them: "You don't have to be impatient. We will launch products this year. After obtaining sales and orders, we will deal with the expansion of production capacity and marketing.

In short, money is not an issue! "

Liang Mengsong and Li Zexiang both laughed at Xia Jingxing's humorous saying "Money is not a problem", but they knew it was not that the boss was in Versailles, but that there was really no shortage of money now.

The Chinese media had been greeted by the higher authorities and did not report it extensively. Most people were unaware of the feats of Vision Capital in the United States.

But after all, they are different from ordinary people. It is relatively easy to obtain overseas financial news, and they also pay more attention to the trends of Vision Capital because it is the major shareholder and financier.

Liang Mengsong said with a smile: "Mr.

Li Zexiang nodded and said: "Yes, DJI is in a similar situation to Fuxing Semiconductor. It is already undergoing final debugging. It will definitely launch its first consumer drone product this year."

Xia Jingxing nodded with satisfaction. After this year, all industries will be on the right track, and the revitalized industry will shine brightly.