Black technology: a super empire spanning two worlds

Chapter 104 [Explosive Semi-annual Report Performance]

It was late July. When Xiaomi 7S-Ultra was selling well, Lingjing Technology also completed a high dividend and share transfer at the end of the month and made an ex-rights treatment on the registration date.

The company's total share capital increased from 10 million shares to 990 billion shares after the high bonus and transfer policy of 8.68 shares for every 868 shares. The company's total share capital increased 100 times, and the price per share naturally decreased 15.33 times. The latest share price on the ex-rights day became yuan per share.

After the ex-rights, it only costs more than 1500 yuan to buy one share, which is affordable for small retail investors of the A-share market.

However, on the ex-rights day, Lingjing Technology's stock price fell for three consecutive days. This was due to the downward trend of the overall market, but it was also interpreted by the market as the realization of good news. After all, it had risen sharply before, and it was time for retail investors to take over.

Three days after the ex-rights date, the company's stock price closed down by -7.28%, -6.96% and -0.57% respectively, falling to a minimum of 12.78 yuan per share. Its market value also shrunk to 1.1 trillion yuan. In more than a month, the total market value of Xiaomi almost evaporated. Its market value was once overtaken by Ningde Times, giving up its position as the No. stock in the GEM by market value.

Since the adjustment from the historical highest price of 20.11 yuan, the cumulative decline has reached -36%. Many investors bought on the ex-rights day, but ended up with a floating loss of -16% in three days, which was very depressing.

However, three days later, the company's stock price began to stabilize and continued to rebound.

Because investors kept buying as the price fell, finally the short-term profit funds were almost gone, countless investors were building positions, the willingness to buy was greater than the willingness to sell, and the stock price began to rebound continuously.

After entering August, it began to rebound all the way, with seven consecutive positive days. The stock price also rebounded to 8 yuan, with a cumulative rebound of more than +7%. The company's market value also rebounded to 16.37 trillion.

For investors who bought stocks on the ex-dividend date, their floating losses turned into floating profits.

After seven consecutive positive rebounds, the stock price began to fluctuate around 16 yuan.

There is another factor behind this rebound, which is the expectations for semi-annual report performance.

Lingjing Technology's performance has undoubtedly attracted much attention from the market. After all, the current trillion-dollar market value is not supported by real performance, and such a huge market value cannot be maintained by storytelling and imagination alone.

On Monday, August 8, Lingjing Technology fell below the 15 yuan mark, down -16% on the day to close at 4.98 yuan, with a market value of 15.82 trillion yuan.

……

The following day, Tuesday, 11 a.m.

After knocking on the door, Yun Shu entered Xiao Yu's office, and immediately came to the desk, put a document on the table and said: "The company's semi-annual report audit has been completed. In the first half of this year, the company's revenue reached 1082.45 billion, an increase of +12413.87% over the same period last year, and the net profit was 306.29 billion, an increase of +41633.49% over the same period last year."

Yunshu added with a smile: "This year's performance and profits in the first half of the year alone have greatly exceeded last year's full-year performance. Oh, and the company's AI business is also performing very strongly and has a very strong momentum."

Xiao Yu, who was sitting in the office chair, picked up the financial report document and took a look at it. He read it roughly. He didn't care much about other contents. He was quite satisfied to see that the net profit margin was 28.3%, which was controlled within 30%.

Such a profit margin is very consistent with the performance of high-tech giants and seems much more reasonable.

The year-on-year growth of revenue and profit in the first half of this year was so exaggerated, reaching 124.1 times and 416.3 times, mainly because the base of the previous value was too low. The revenue in the first half of last year was only more than 8 million yuan, and the net profit was a loss of more than 7000 million yuan, which led to such an exaggerated year-on-year growth rate this year.

But then again, even if we don't count the year-on-year growth, the month-on-month growth is still quite amazing. The performance in the first half of this year alone exceeded the performance of the whole year of last year, when the revenue was 783 billion and the net profit was 216 billion. Xiao Yu looked at the performance of the AI sector in the financial report again. There are already 572 enterprise-level customers, most of which are large enterprises. These 572 enterprise-level customers have brought the company 139.5 billion in revenue.

Because AI Xiaojing charges a fee for its enterprise version, although it is very expensive, this expense is acceptable for large companies.

Especially for some well-known large companies, there is no need to engage in fancy operations. The public relations costs caused by a failure may far exceed the cost of purchasing genuine products, and it will also affect the company's reputation.

In addition, some companies would rather let Lingjing Technology make the money than give more concessions to their employees.

Such companies and bosses do exist, and not every company will "rationally" seek to maximize profits. For example, the delivery riders of a food delivery platform in a certain city chose to go on a collective strike because they were dissatisfied with the platform's cancellation of multiple subsidies, changes in settlement methods, and the punishment of deducting 50 yuan per day for riders who did not go online.

As a result, the food delivery platform replaced all the riders in the city overnight, making it clear that if you don't work hard, you'll be fired. It would rather spend a higher cost to recruit riders from several nearby cities to fill the vacancies at a price of 200 yuan a day, or 10 yuan per rider, than spend a lower cost to give concessions to the striking riders.

This is the evil of capital, the means used by capitalists.

Some business bosses are like this. They would rather let Lingjing Technology make the money than increase their employees' wages. In this era, people like Mr. Yu of Pangdonglai and Xiao Yu of Lingjing Technology are the "minority exceptions".

However, this was forced to give way to Lingjing Technology's eye-catching performance of its AI business. The business growth of the AI sector was strong. Less than 600 enterprise-level customers generated nearly 140 billion yuan in revenue, and a few thousand enterprise-level customers could bring the company hundreds of billions of yuan in revenue.

There are as many as 50 industrial enterprises above a certain scale in China alone, and there are nearly 1 companies in the A-share market with an annual net profit of more than 2800 million. In the face of such a huge base, even if only 1% of the companies need to use AI Mirror and are able to pay for the enterprise version, there are still as many as 5000 companies, which will lay the foundation for a revenue of billion yuan.

This only counts the domestic market; foreign markets are not included.

Even though you are on Amelika's blacklist, as long as your product is extremely competitive, foreign companies or users will always find channels to "climb over the wall" and use the AI Mirror, but they will definitely have to pay for it. Even if they find some "intermediaries" to get an account, the intermediaries will have to pay Lingjing Technology.

And this is just the enterprise version. The current revenue of 139.5 billion does not include the personal version because the personal version is still free.

The most profitable version of AI Xiaojing is not the expensive enterprise version, but the cheap personal version. Although the monthly fee for the personal version is 300 yuan, and a single productivity tool only costs 30 yuan, the base of personal users is not comparable to that of enterprises.

The number of Internet users in China alone has reached a staggering 10.67 billion, which means that the theoretical upper limit of the user base of AI Xiaojing can reach a terrifying size of 10 billion users relying solely on the domestic market.

Even if only 5000 million paying individual users ultimately purchase the entire package, the annual revenue forecast is a huge 1800 billion yuan.

Xiao Yu closed the materials and looked at Yun Shu and said, "After 11:30, disclose this interim report to the public. Also, have Old Xu host a financial report conference call at 12:00 and end the conference call at 12:30."

"Okay, I'll arrange it." Yun Shu nodded lightly, then turned around and walked out of the chairman's office slowly.

Half an hour later, at 11:32, just two minutes after the market closed for the morning session, Lingjing Technology announced its 2022 semi-annual results. Investors were stunned when they saw the semi-annual results. Those who reacted quickly began to place orders in advance and placed buy orders at the upper limit price.

……

(End of this chapter)