Black technology: a super empire spanning two worlds

Chapter 218 [Interim Results Released]

With Lingjing Technology's current market value, a fluctuation of any one percentage point would result in a rise or fall of more than 5000 billion yuan in market value. There are more than 1000 listed companies in the A-share market, and only more than 130 of them have a market value of more than billion yuan.

A slight fluctuation of just one percentage point in the company's stock price could equal the entire market value of other listed companies.

At 14:19 in the closing period, Lingjing Technology's daily limit was opened and the stock price fell back to the +15% level.

The scale of the market is still too large. The current market has limited incremental funds and the overall environment is not good. It would be a surprise if the price limit was reached. Many people think it is normal if the price limit cannot be reached.

As time went by, after Lingjing Technology's daily limit was lifted, the trading volume further increased.

At around 3500: in the afternoon, the stock's daily trading volume exceeded billion. Ten minutes later, the trend rose again and tried to recover, but was beaten down again.

It was not until 14:47 in the closing session that the bulls in the market once again joined forces to attack upward, creating a trading volume of 239 billion in this one minute and successfully returning to the daily limit.

As of the closing, the trading volume of Lingjing Technology's stock today reached 3977 billion, close to 4000 billion in trading volume, breaking the record for the second largest daily trading volume in the stock's history. Compared with the first largest single-day trading volume of nearly 7000 billion, it is still about 3000 billion less.

However, the situation at that time was very special, as it coincided with a fierce battle between bulls and bears.

But today's trading volume of nearly 4000 billion is still terrifying enough. This volume still made the A-share market lose a lot of money, and its ability to siphon funds from the entire market is visibly terrifying.

Today, all three major indexes closed in the red, because the village was using a few large-weight indexes to protect the market. Bank stocks and stocks with Chinese characters in their names were pulled out to protect the market, but in fact, more than 4000 stocks in the entire market fell, and the general decline was more than 5 percentage points.

The reason is that Lingjing Technology has drained a huge amount of liquidity from the market, and funds have poured into this stock crazily, causing other stocks to suffer terrible consequences.

The funds outflowing from other stocks did not actually all flow into Lingjing Technology. The reason why other stocks fell so badly was that the funds had memory. Many people have not forgotten that the day when Lingjing Technology soared seven or eight times after its resumption of trading almost drained the liquidity of the entire market, causing thousands of stocks in the A-share market to hit the limit down.

People who hold other stocks panic when they think about this, so they rush to sell them in an attempt to avoid the decline.

As a result, too many people thought this way, and everyone was rushing to get in, so the expectation became an fait accompli. Seeing that the stock price really fell so badly, they became more convinced, and under the negative feedback, the stock price fell even worse.

Since Lingjing Technology was not included in the index sample stocks, the 20cm daily limit did not have much impact on the ChiNext Index or the CSI 300 Index, and they even fell a lot. Although the index closed in the green today, if Lingjing Technology had not surged and hit the daily limit, it would have definitely risen more today.

Judging from the index, the best performer today was the ChiNext Index, which closed up +3.67%. If Lingjing Technology had not been removed from the ChiNext Index, the index would definitely have risen by more than 15 percentage points today.

The ChiNext Index performed the best today, entirely due to the takeoff of the medical sector, as most medical stocks are on the ChiNext.

However, the A-share market will probably form a new expectation in the future. That is, if Lingjing Technology suddenly surges in the short term, other stocks will definitely not be in a good situation. The two times it siphoned off market liquidity like this, the memory of funds will only be more profound.

In the future, if Lingjing Technology's stock price rises by more than 10 percentage points in a single day, there will definitely be a lot of capital fleeing from other stocks, and no one wants to be affected.

In a sense, although Lingjing Technology has not been included in the index, its impact on the market is even greater.

What's even more terrible is that the decline of Lingjing Technology will drive the overall market down. Instead of driving the overall market to strengthen, its terrifying ability to siphon funds will cause other stocks in the market to fall even more miserably.

Regardless of whether it is falling or rising, other stocks will generally fall, which is very fatal. Unless the incremental funds of the entire market burst into the market, it will be difficult to change this situation in the future. It will only make the funds either stay at home or be forced to join forces with Lingjing Technology, because Lingjing Technology can still make money if it rises, and other stocks are falling. Isn't it that you can only buy this stock? It is directly a matter of drought and flood.

……

Afternoon, Lingjing Technology Headquarters.

In the chairman's office, Xiao Yu heard the knock on the door and immediately responded, "Come in."

Just as he finished the work in his hands, he looked up and saw that the person who came in was Yun Shu. She came to Xiao Yu and handed a document to the desk: "The company's 2023 interim results are out."

Xiao Yu picked up the materials and took a look. Yun Shu looked at him and said, "In the first half of the year, the company's total revenue was 3653.65 billion, 1297.12 billion more than last year's full-year revenue, and a year-on-year growth rate of +237.53% in the first half of last year. The net profit was 1168.63 billion, 343.01 billion more than last year's full-year net profit, and a year-on-year growth rate of +281.54% in the first half of last year."

For outsiders, this performance report is absolutely eye-catching. Although the revenue scale is still far behind the trillions of revenue of the top ten Fortune 500 companies, the growth rate of Lingjing Technology is the most terrifying.

Moreover, the revenue of more than 3600 billion yuan in half a year is an astronomical figure in itself, almost on the same level as Huawei.

The key is still the super strong growth rate. With this scale, it still maintains an ultra-high growth rate of more than twice. There is no other company in the world that can match it. Those companies in the top ten of the Fortune 500 are all old giants with decades or even hundreds of years of history.

Lingjing Technology has been established for less than ten years, to be exact, only about seven years, and this high growth momentum shows no sign of slowing down. Such high growth will be maintained for a considerable period of time in the future.

Not to mention other technological breakthroughs, the graphene business alone can ensure that Lingjing Technology can maintain such a high growth trend in the next three to five years.

As for five years later, there will certainly be new growth points.

Xiao Yu had already laid out the plans, including single organ cloning technology, smart medical operating tables, and more long-term plans such as holographic projection and smart holographic bracelets.

This is the fundamental basis that enables the company to support a market value of more than one trillion yuan and maintain a price-to-earnings ratio of 200 times. The most solid support is this terrifying growth rate.

Finally, Xiao Yu put down the materials, nodded and said, "It's OK. The revenue is about 200 billion less than I expected, but it's not a big problem. We have to work a little harder in the second half of the year and try to get about 4500 billion and achieve the annual revenue target of over 8000 billion."

Xiao Yu had already set a full-year performance target for Lingjing Technology in 2023, to reach at least 8000 billion yuan, because Linzhou City is now accelerating the promotion of the sky-rail train project, with a budget of 1 trillion yuan, and this is without taking into account related surrounding supporting facilities.

Linzhou City's current finances cannot support it. Although Xiao Yu promised that Linzhou could issue local bonds, if no one buys them he would let Lingjing Technology buy them, but he would not really buy them. Instead, he would let Linzhou City rely on its own fiscal revenue expectations to support such huge expenses.

The company aims to achieve a performance target of 8000 billion this year, and it is estimated that it can contribute about 2700 billion in taxes. Since Xiao Yu did not engage in any tax avoidance operations and did not apply for tax exemptions and other benefits for technology companies, the amount of taxes he paid is quite exaggerated.

With such huge tax revenue expectations, Linzhou City certainly does not need to issue additional local bonds.

……

(End of this chapter)