I am farming in the real world.

Chapter 202 The stock market creates wealth miracle, Zotye takes off!

This series of good news not only stimulated the nerves of the people participating in the conference, but also caused a stir in the already lively A-share market.

Since the village chiefs held a meeting at the end of September, the A-share market, with a daily trading volume maintained at hundreds of billions, has risen again.

After the intensive information bombardment during the seven-day National Day holiday, the momentum from bear market to bull market began to emerge.

On the first day of trading after the holiday, the entire A-share market trading volume exceeded 2 trillion+.

More than 4,000 stocks in the city are rising, causing the old stock (leeks) investors (vegetables) who are involved to shout: "The bull is back! Come back soon!" At the same time, it also caused various emotions in the market to ferment.

Stock investors, hot money, and institutions have all started looking for high-quality, low-priced stocks and started speculating on them.

Stocks such as Yinzhijie, Shuangcheng Pharmaceutical, Changshan Beiming, Chuanfa Longmang and Qingdao Kingwang have taken off like a bull and experienced exaggerated daily gains of 10% or even 20%.

Hundreds or even hundreds of billions of funds are circulating in the market playing the game of passing the parcel, which has also led to the market frequently releasing major positive stimulus news about stocks that have increased by 3 or 5 times.

As soon as Zotye Auto announced the suspension of trading for restructuring, the entire A-share market was in an uproar!
"Fuck! The stock is suspended today!"

“I can’t buy it anymore!”

"The brothers in there are about to take off, I'm so envious!" The screen was filled with stock comments.

Because the original total market size of Zotye Auto was only tens of billions.

After Magic Cube Group announced the reorganization of Zotye, it directly issued a private placement of 200 billion yuan, and the net value per share was restored to 1.

This is equivalent to the shareholders who originally stayed in the stock. The total value of the stocks in their hands will remain unchanged for the time being, but the number of stocks will increase as the original price of 1.48 yuan per share is adjusted to 1 yuan per share.

In addition, the entire A-share market was in the red, and people were looking for good news everywhere to speculate on the market.

Newly listed stocks in recent days have seen their prices increase by dozens or even hundreds of times on the first day after opening. One can imagine how happy the old Zotye shareholders are.

So when the suspension for restructuring was over, 000980 Zotye Auto began to be repackaged and listed under the name of Magic Cube Auto.

The huge positive line that shot up into the sky and the high opening price of 12.62 yuan per share stunned all the investors who were waiting in the market!

"Holy shit, shit, shit!"

"Opening high, up 1100%!"

"This is too good to be true! The stock price increased 10 times right after the opening!"

"Ride a rocket directly into outer space (take off)"

"The one who sold off his shares before National Day fainted in the toilet (crying loudly)"

Although the A-share market implements the T+1 trading rules and limits the daily fluctuation of non-GEM stocks to 10%, there are no price fluctuation restrictions on the first day of restructuring and listing, just like new stocks.

The opening price pushed the market value of Magic Cube Automobile from 200 billion to more than 2000 billion, which also stunned the speculators and institutions waiting on the sidelines.

Of course, the recent bull market performance of the A-share market has led to a surge in restructuring stocks and new stocks, with some even surging a hundred times at the opening.

If Magic Cube Auto's market value wasn't so high, an 11-fold increase would only be considered mediocre among the recent monster stocks.

However, this sudden stock price surge also allowed Wang Han, Zheng Bocheng and other rich second-generation Vancouverites who invested in the angel round to reap the benefits.

Even if the original shares of the angel round cannot be cashed out within one year after listing, they can be pledged to a bank for cash at the current market value.

This is a financial asset, and the loan approval is faster than real estate mortgage.

Seeing that the pocket money they squeezed out of their New Year's gift bags had skyrocketed in just a few months, a group of second-generation rich people in Vancouver were glad for their decision. Fortunately, they followed the investment without thinking, otherwise they would have missed this opportunity to get rich overnight.

People like Wang Han who invested a lot directly earned tens of billions of yuan in sales for Juneyao Group in half a year.

Those who invested less are like Zheng Bocheng, who went from being a lazy rich second-generation with a net worth of tens of millions to a billionaire who can make decisions with his family's parents.

The car hasn't even started to be built yet, but the shares held by this group of people have increased more than 10 times!
Is there any investment that can make money faster than playing with finance?

……

Of course, the stock market situation of Zotye Auto's backdoor restructuring and the story of creating more than a dozen new billionaires after its listing happened several months after the suspension.

After the shareholders' meeting on October 10, Chen Jue personally led a team into Zotye Auto to carry out subsequent cleanup work.

In addition to replacing the entire original management team, transferring personnel from the Magic Cube Group to core positions and promoting Ying Ren, the founder of Zotye, to be the CEO to be responsible for the maintenance of the Zotye brand.

Chen Jue also humbly asked Ying Ren for advice on Zotye’s experience and ideas in car manufacturing.

Don’t think that Yingren had bankrupted the Zotye brand due to poor management.

But after all, he is a veteran in the automotive industry who started his business at the same time as Geely's Li Shufu and BYD's Boatman Brother, and he has very rich experience in car manufacturing.

In addition to appeasing the grassroots employees of Zotye Auto, Chen Jue also promoted him again because of the lack of manpower around him. If you want to enter the automotive industry, you can avoid many detours with an industry expert like Ying Ren leading the way.

Of course, Yingren did not refuse Chen Jue's personnel appointment.

After he, a founder, was sidelined by the board of directors, he only retained a small portion of Zotye shares. In Yingren's eyes, he no longer cared much about Zotye's interests.

Now that he is about to retire, he wants to see the Zotye brand, which he created with his own hands, shine again, but he also can't bear to see all his hard work go to waste.

So after the conference, Yingren had a private chat with Chen Jue: "Boss Jue, I wonder what the brand positioning of our Mofang Automobile will be in the future? Will it go for the mid-range and high-end market, or will it go for the people-friendly route like Zotye did before?"

Chen Jue led the team to inspect the Zotye factory and answered: "Magic Cube Automobile will take the high-end route. In the early stage, it can learn from the development model of Huawei Celes. But Zotye is different! My brand positioning for it is to build the most cost-effective car like Xiaomi mobile phone!"

"Xiaomi? The best value for money?" Yingren muttered twice.

Chen Jue smiled slightly: "Brother Ying, have you forgotten the gimmick slogans that netizens used to spread about our Zotye? If you want to drive the cheapest supercar, you have to rely on Zotye's tape measure department!"

As soon as these words were spoken, the Zotye employees present blushed.

Yingren also showed an interested look on his face after hearing this: "Great! The positioning of cost-effectiveness is indeed in line with Zotye's route!"

However, if Zotye wants to realize the joke it made back then, it still has a long way to go.

In addition to adjusting the business philosophy, the old production lines in the factories need to be dismantled and replaced, including the restart and recruitment of workers in factories across the country, and the arrears of cooperative dealers, 4S stores, and suppliers, which are all issues that urgently need to be resolved.

After all, compared with the first-tier domestic car-making forces, such as BYD, Geely, Chery and other large car companies, Zotye has fallen far behind the automotive industry during the eight years of bankruptcy and reorganization.

Fortunately, Chen Jue's arrival has injected new vitality into the entire Zotye.

So after brainwashing Zotye's 2300 employees with his own positioning concept, Chen Jue issued three work instructions in a row.

First of all, as the parent company, Mofang Group will inject more than 1 billion yuan into Zotye in the next year to settle the 42 billion yuan debt owed to banks, allowing Zotye to get rid of the debt burden and start the road lightly. The remaining part will be invested in vehicle research and development and business expansion.

For a mature car company, an annual investment of tens of billions is only a small amount.

However, considering Zotye's current ownership of more than 500 vehicles and annual vehicle sales of less than units, the scale of this investment can be said to be quite large.

As for the second point, Cube Technology, a subsidiary of Magic Cube Group, will assume the function of the main supplier for Zotye.

In Chen Jue's vision, Block Technology can provide all the machine tool production lines and industrial robotic arms needed for car manufacturing in the future, including body frames, chassis parts, engines, etc., as well as any machinery-related parts or raw materials.

It can even be provided at 'zero' cost in the form of blood transfusion!
When Zotye starts to make profits one day, the supply of these raw materials will return to normal market conditions.

After learning these two great pieces of news, Yingren and a group of long-time Zotye employees were almost crying!
These are not capital speculators who come in with huge funds to rob the family property, they are clearly Zotye’s adopted parents.

“Don’t worry, Mr. Jue. With the strong support of the parent company, Zotye Auto is guaranteed to make a profit next year!” Ying Ren assured a group of old employees, patting his chest.

Seeing this, Chen Jue also said something ugly in advance: "If they can't achieve results despite such generous support conditions, then the Zotye sub-brand should be buried. The parent company will not condone the subsidiary to keep idle people."

After all, before promising these two support conditions, Chen Jue also sent a large number of his own people in to strictly prevent corruption from happening again within Zotye.

For such old enterprises, if we want to restructure and rebuild them, we must take strong measures.

As for the third point, it was an idea that Chen Jue came up with after becoming the big boss behind Zotye. He had the group's marketing department arrange a publicity campaign for Zotye's return to the complete vehicle track with a sense of humor.

……

Wu Xiaodong is a clerk at a local foreign trade company in Yiwu. His favorite thing to do after get off work every day is to drive around in his Zotye T700.

Find friends to go fishing by the river, or go to a food stall for some beer and barbecue.

Although being a Zotye car owner attracts strange looks wherever he goes, Wu Xiaodong has never seen any major problems with his T7 after driving it for 8 or 700 years. At most, he just needs to change the tires and do some minor maintenance. As a result, Wu Xiaodong naturally became a die-hard fan of Zotye.

He even joined a large local group of Zotye car owners, and occasionally popped up in the group, hoping that Zotye would make a comeback one day so that all the car owners in the group could drive cheap domestic luxury cars.

After just a few years, this large group became increasingly deserted, and the number of Zotye 4S stores around them also decreased under the impact of new car-making forces.

I thought the pride of Jinhua's local car companies had sunk, but Wu Xiaodong suddenly... Today, the car owners' group became hot because of a forwarded video of Zotye's official website!

The number of chats has increased from a few days in the past to 9+, which was only seen when the Porsche SR999 was first launched.

This really surprised Wu Xiaodong.

I quickly clicked into the group and saw a short video sent by the group owner. At this moment, a Chinese beaver with the Zotye Z logo on its head was giving a speech to the camera: "I have waited for three years, just waiting for an opportunity."

"I want to fight for my own reputation, not to prove that I am great."

"I just want to prove that I must get back what I lost!"

(End of this chapter)