My Age of Investment

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"Conscience Company is not Mu Zhixin's company, and it never has been!

This company has condensed the efforts of several generations of experts from the Chinese Academy of Sciences, and coupled with its official pedigree, has allowed it to thrive in the government-enterprise procurement market.

It can be said that if it were not for the 200,000 yuan of venture capital that the Chinese Academy of Sciences scraped together 25 years ago when the country was still relatively poor, and the brand of the Chinese Academy of Sciences, there would be no conscientious company at all, let alone one. There will be today's glory.

But all this has been artificially covered up.

People today only know Godfather Mu, but they don’t know the contributions that other people and institutions have made to conscientious companies.

Mu Zhixin has indeed made a significant contribution to the rise of conscientious companies, I do not deny this!

But the credit is by no means his alone, nor is it the reason why he acts arbitrarily, deceives superiors and conceals things from subordinates, and puts public property in his pockets. "

Li Guangnan has deep feelings for Conscience Company, and when he mentioned this company again after so many years, he was still upset.

However, Xia Jingxing, Deng Yuanyun, and Chen Hong, who were sitting across from him, all understood the old academician's complicated feelings towards Conscience Company.

Not to mention the technical contributions made during his tenure, such as taking the lead in the research and development of Hanka, microcomputers, and switches, it is not something that ordinary people can do if Li Guangnan donated his family property to the Chinese Academy of Sciences to purchase research and development equipment.

Before Li Guangnan officially joined Conscience Company, he was sent to Canada as a visiting scholar for two years. During this period, he found a job with an annual salary of 43,000 Canadian dollars, which was equivalent to 70 times the salary of ordinary Chinese at that time.

After the visit, when Li Guangnan was preparing to return to China, he used all the two years of salary saved except for living expenses to buy R\u0026D equipment. Several large boxes full of them were brought back to China and donated to Huake. hospital.

These equipment were worth hundreds of thousands of yuan at the time!

This was hundreds of thousands of yuan in 1983. If you invest wisely, you would have to add at least one zero today, or even two zeros.

The large amount of equipment Li Guangnan brought back included Z80 CPU, SRAM, DRAM, interfaces and other very large scale integrated circuit chips and C compilers, which were important components for assembling Chinese microcomputers.

Li Guangnan brought capital to join the Chinese Academy of Sciences, used this pile of gadgets to tinker with a conscientious Chinese character graphics microcomputer system, and accumulated a number of technologies that were very advanced in the country at the time.

When the Chinese Academy of Sciences saw that this matter was going on, they arranged to establish the New Technology Development Company of the Institute of Computing Technology of the Chinese Academy of Sciences, the predecessor of the Conscience Group.

Li Guangnan joined the company as chief engineer and brought all the technology of conscience-style Hanka to the company.

In today's entrepreneurial era, this is a CTO and co-founder who has invested in technology and may have a higher shareholding ratio than the CEO.

But in that era, we didn’t pay attention to these things, and it was not yet the 1990s when shareholding reform was popular.

If you don’t have equity, you don’t have equity. Li Guangnan is willing to donate equipment to the Chinese Academy of Sciences, so naturally he doesn’t care about this.

But the joy of setting up a company had not completely passed. In the second year, due to CEO Mu Zhixin's carelessness, 200,000 yuan of entrepreneurial capital was defrauded and 140,000 yuan was defrauded.

Seeing that the company was about to close down, Mu Zhi was as anxious as an ant on a hot pot, trying to fill the hole with all kinds of ideas.

Fortunately, the conscience Hanka brought by Li Guangnan achieved a major technological breakthrough at this time. In the next three years, it achieved sales of more than 30 million yuan, helping the company survive the most difficult and dangerous initial stage of entrepreneurship.

The years in the 1980s were the time when Li Guangnan and Mu Zhixin had the best relationship and the best cooperation.

Because the company's main goal at that time was survival, there was no so-called line dispute.

When Li Guangnan talked about the time when he and Mu Zhixin worked closely together and the business of Liangliang Company was booming, his face was full of remembrance.

Then he added: "Then we entered the 1990s, and there was a line dispute, and you also know what happened next.

I was kicked out and Mu Zhixin was victorious. "

Deng Yuanjun said angrily: "As far as I know, he used many means to exclude you."

Li Guangnan smiled lightly, "Originally I didn't want to talk more about this matter, but since you have found me today and want to know more about the internal affairs of Conscience Company, I will say a few more words."

Speaking of this, Li Guangnan turned to Xia Jingxing and said with a serious expression: "Mu Zhixin's methods are not simple. I was forced to panic at that time, and a letter of report was sent to the Chinese Academy of Sciences.

People from the Chinese Academy of Sciences also came to investigate soon, and concluded that there was no such thing.

Instead, it was me who got the reputation of being "jealous of the worthy" because of this incident.

In the eyes of my colleagues in the conscientious company, I am an old antique and a stumbling block that prevents them from making a fortune!

In the leader's eyes, I don't pay attention to unity and I am stubborn.

Of course, the more important thing is that I have no ambition to make money or coax people!

So, I became an outcast! Out!

Later, I also figured out that the methods I used at that time were still too radical, and I ignored the feelings of other colleagues in the company.

After all, we are all human beings, and who doesn’t want to live a good life! "

When he said these words, Li Guangnan's face was filled with calmness.

He didn't understand many things at that time, but now he understands them!

On the surface, he and Mu Zhixin were fighting, but that was not the case!

In fact, he was fighting against the entire conscientious company, and Mu Zhixin was the spokesperson for his interests who came to the forefront!

If he still had the advanced technology of the early 1980s, this war could still be fought!

But by the 1990s, Conscience Company had developed into a large company with annual revenue of billions, and there were many engineers who were younger and more technically savvy than him.

He no longer has an irreplaceable role in the company.

Therefore, this route battle was destined to end from the beginning.

Xia Jingxing listened quietly. What Li Guangnan said was not very different from the materials they had collected these days.

Mu Zhixin is very good at making money and sharing cakes, so everyone from top to bottom is very satisfied with him.

Li Guangnan proposed that making switches and chips requires a lot of investment. Isn't this risking everyone's future and money? Can you bear it?

Doing real estate development is better than sinking into the bottomless pit of chips!

The reason why I say this is because in 1994, Conscience Company spun off Hong Kong Island Conscience Company, which contained the core asset computer of Conscience Company and was listed on Hong Kong Island.

There is an important shareholder in this listed company called "Daoyuan Company", which holds more than 30% of the shares.

The origins of this private company on Hong Kong Island are mysterious. It often invests tens of millions or hundreds of millions, but it is not well-known in Hong Kong Island and has little to do with local wealthy people.

So where did the money come from for its stake in Hong Kong Island Conscience Company?

Xia Jingxing has already found some information!

When Hong Kong Conscience Company was first established, Jingcheng Conscience, Daoyuan, and Huazhuan Technology each held one-third of the shares.

The chairman of Huazhuan is Mu Zhixin’s father, a well-known barrister and a pioneer in the domestic intellectual property industry.

Huazhuan Company has an important shareholder, Huayin Hong Kong, where Brother Mu Zhixin serves as the head of the credit department.

When a father and his son go into battle, they are like brothers fighting a tiger. Hong Kong Island Conscience Company is the most typical example of this classic proverb.

As soon as they heard that their eldest brother wanted to borrow some money to strengthen the conscience company and increase the value of government-owned capital and generate income, the Mu Zhixin brothers backed up and loaned out a US$30 million loan.

Part of this money was used by the conscience of the capital to start a business. After all, this is the name of the loan, and we cannot make it difficult for our brothers.

Some of it was lent to Daoyuan Company by the conscience of the capital city. Because it could not use the funds for the time being, it could lend some second-hand loans and earn some interest rate differentials. The business that Mu Zhixin’s wife was handling as the financial director of the company at that time did not Pass board resolution.

It stands to reason that second-hand loans are also a good business, so there is no need to be so sneaky.

Perhaps Mu Zhixin felt that it would be easy to be misunderstood by others, so it was better to keep a low profile.

After Daoyuan Company received the money, it increased its shareholding ratio in Hong Kong Conscience Company to 43.3%, Beijing Lenovo Company also increased its shareholding ratio to 53.3%, and Huazhuan Company's shareholding ratio shrank from 33.3% to only a fraction. , about 3.3%.

Then, Hong Kong Conscience Company was listed, the stock price soared, and shareholders' equity increased significantly. The biggest beneficiaries were Jingcheng Conscience Company and Daoyuan Company.

Huazhuan Company does good deeds without leaving a name, and the touching story of exiting the company before the IPO is therefore unknown.

As a listed company, Hong Kong Island Conscience needs to maintain a good stock price trend so that Daoyuan Company, as a shareholder, can cash out at a high level.

Then, a beautiful financial report is essential.

In this case, increase investment in research and development to develop chips? What a joke, the anger of Daoyuan Company's shareholders has not yet extinguished Mu Zhixin.

In the same year, Mu Zhixin also had a conversation on behalf of the company with the Chinese Academy of Sciences, which 100% controlled Jingcheng Liangxin, and discussed providing other benefits in addition to normal wages and bonuses for the brothers who worked together.

This incident moved all the employees of Conscience Company to pieces.

Li Guangnan only knows how to stay in the laboratory and do research and development. Is he comparable to the righteous Boss Mu?

Since the Chinese Academy of Sciences has no right to allocate official capital, the welfare project was ultimately unsuccessful, but it did the next best thing and obtained the dividend rights corresponding to 35% of the shares.

Later, when Beijing Conscience Company was restructured in 2001, Mu Zhixin and his subordinates used their undistributed profit dividends to "purchase" 35% of the shares of Conscience Company without spending a penny.

This shareholding ratio has been maintained to this day. The Chinese Academy of Sciences holds 65% of the shares, and employees headed by Mu Zhixin will hold 35% of the shares. It is very clear.

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