My Fintech Empire

At this moment, Fang Hong has been at the headquarters of Xingyu Technology for about an hour, and has roughly understood the company's layout progress in the new energy vehicle business. Qin Feng's business layout in this area is very accurate at the strategic level and meets Fang Hong's requirements. He has nothing to guide, just let Qin Feng lead the team to do it.

What is certain is that Xingyu Technology's new energy vehicles are unlikely to be launched within this year, and the first product may not be launched next year.

As the head of the company, Qin Feng is very confident. In the automotive circle, he does not think that those new car-making forces are Xingyu Technology's future competitors, and he does not think that traditional car companies are Xingyu Technology's future competitors in the field of new energy vehicles. In the past year, he has studied major automobile manufacturers, both domestic and foreign. Qin Feng thinks that only BYD will be a strong competitor.

But he is confident but not arrogant, and he also has a respectful attitude towards this industry, so Qin Feng is not in a hurry to launch products, following the idea that slow is the fastest.

If you really want to push it hard, Xingyu Technology can also be pushed now, but it will appear mediocre.

If it is a new energy vehicle startup, it will definitely be seen as a potential stock by the market, and will be more tolerant, and even receive many praises.

But you are Xingyu Technology, the high-tech giant that developed the STAR series of smartphones and once crushed Apple's iPhone series of smartphones, forcing the other party to use tricks to suppress you, and become the face of domestic technology giants and the synonym of high technology.

Once a new product is launched, not only will the market be in the spotlight, but it will also be viewed with extremely high psychological expectations and more stringent. If the final conclusion is mediocre, it will disappoint people and attract countless sarcasm.

Small has its advantages, big has its difficulties.

Qin Feng knows that Xingyu Technology is now placed too much hope by consumers, especially those hardcore fans, and is also placed too much hope by Chinese people, which also means more stringent requirements.

Xingyu Technology's resounding brand cannot be destroyed. There are so many people who want to see Xingyu Technology's jokes when it crosses the border to make cars. As the head of the company, Qin Feng also has a clear understanding of these.

The first product must not be rushed to the shelves. It is not a big problem to be late for a few years. As long as the product itself can withstand the test of the market, it will soar into the sky once it is launched.

At the end, Qin Feng looked at Fang Hong: "There is one more thing. The company's capital chain may be a little tight this year..."

Fang Hong said without thinking: "Then let's borrow money, issue corporate bonds. How big is the funding gap?"

Qin Feng immediately replied: "About 30 billion."

Fang Hong nodded and said: "Not a small amount, but not too much. Issue corporate bonds to borrow this money from the market. If no one buys it, Qunxing will cover you."

With the words of the big boss, it is a sure thing. Xingyu Technology is going to issue corporate bonds. There is no doubt that it must be 3A-level corporate bonds. Ordinary retail investors cannot buy them. They are directly digested among large institutions. Many institutions will rush to lend money to Xingyu Technology.

Because everyone knows and believes that Xingyu Technology will not default, not to mention that there is a big daddy behind it, Qunxing Capital, so this deal is a sure win.

Fang Hong did not let Qunxing Capital directly provide Xingyu Technology with capital transfusions, but asked Qin Feng to borrow money from the market. What did Qunxing provide? Of course, it is credit support. With your guarantee and credit endorsement, people can lend money out with confidence.

For Qunxing Capital now, 30 billion yuan of funds can be taken out at any time and without any pressure.

However, Fang Hong has always adhered to the principle that if you can use other people's money to do your own things, try not to use your own money first. It is to give others a sip of soup and make more friends. Keeping your own money in your hands means that the expectation of bottom-line ability is always there.

Xingyu Technology's profitability is actually not weak at all. Although its performance in 2016 did not maintain a strong growth momentum, it still maintained positive growth. The company's annual revenue last year was 821.556 billion yuan, a year-on-year increase of +5.98%, and its net profit was 52.212 billion yuan, a year-on-year increase of +12.26%, with a net profit margin of 6.35 percentage points.

As a leading high-tech company, the net profit margin is low, and Apple's profit far exceeds that of Xingyu Technology.

But the revenue scale of more than 800 billion is also an astronomical figure. Where did so much revenue go? In addition to the daily operating expenses of the company itself, the increased expenses include the after-sales service launched. In order to retain those old users, a lot of money has been invested in after-sales.

Then the largest expenditure item is the investment in R\u0026D expenses. The main reason for the rapid surge in R\u0026D expenses is the entry into the field of new energy vehicles, which has added a gold-eating beast. In addition, the investment in the mobile phone business has not been interrupted, and the investment in the chip business has continued to increase.

Especially in the past two years, the scale of Xingyu Technology's R\u0026D investment has soared significantly. In 2016, Xingyu Technology's total R\u0026D investment reached an astonishing 322.1 billion yuan, accounting for 39% of the company's revenue.

Whether looking at the national or global scope, R\u0026D accounts for 39% of revenue, which is unmatched, and no other technology company can compare with it.

The absolute amount of R\u0026D funding is an even more exaggerated figure. In 2016, Xingyu Technology ranked first in global corporate R\u0026D investment, and it was far ahead of the second place.

In comparison, Apple's investment in R\u0026D in the same year was approximately 55.6 billion yuan converted into RMB, excluding exchange rate changes, which was only equivalent to about 17% of Xingyu Technology's R\u0026D investment in the same period.

This is also an important factor why Apple still regards Xingyu Technology as its most threatening opponent to this day. Although it does not mean that the more money you spend, the more results you will produce, but if you spend enough money, the results will be greater. The probability of results must be greater, there is no doubt about this.

Large capital investment means more trial and error costs to a certain extent. Your funds can only support you to try and make mistakes once or twice, but I can have more than ten trials and errors. To say the least, even if a blind cat encounters death, The probability of rats will also be greatly increased.

Faced with Xingyu Technology's frenzied persistence in advancing technology, as its competitor, everyone would be upset.

But at this moment, Fang Hong looked at Qin Feng and asked: "Is there still a gap in funds for next year?"

Hearing this, Qin Feng said in a deep voice: "It's hard to say now. Whether there will be a funding gap next year mainly depends on whether the VR headset terminal equipment launched this year can bring new performance growth points to the company. To put it bluntly, it depends on whether the VR headset terminal equipment launched this year can bring new performance growth points to the company. Whether it sells well or not, if it sells well, it can offset next year’s investment budget.”

The increased budget is still spent on R\u0026D investment. Xingyu Technology's R\u0026D funding is still growing, and the main growth item is new energy vehicles.

After a while, Qin Feng added: "Whether the head-mounted display terminal sells well depends on whether the content desert problem can be solved."

Fang Hong said with a smile: "Matrix Quantum will not let go of the chain. I have already said hello to Chen Yu. It won't be long before his second-generation AI large model will be open source. In addition, the game box will follow We will continue to develop head-mounted display clients, including many game companies acquired by Stellaris, which will also launch VR versions of games, such as "Minecraft" and other well-known games, and I will provide all games suitable for head-mounted display terminals. "

Fang Hong paused for a moment and said with a confident smile: "Yixing Video is also following up to develop clients and related applications to provide film and television content for your head-mounted display device, including WeChat payment. and provide support in the trading system. Haha, no content? Content desert? That’s because the stars have not really exerted their strength, and they can quickly create an oasis in this desert.”

…