Black technology: a super empire spanning two worlds

Chapter 260 [Stepping on the Edge of the Times]

"If Linzhou City has to bear the entire budget expenditure of this air train special line project on its own without issuing local bonds, the city's fiscal and taxation situation may be a bit unsustainable." Chen Zaiqing looked at Xiao Yu and mentioned this matter.

The core source of Linzhou City’s current fiscal and tax revenue is Lingjing Technology. The trillion-dollar air-rail project can only be implemented with the support of Lingjing Technology, a super taxpayer.

Xiao Yu had previously promised that if the funds were insufficient, the city could borrow money, so he asked Lingjing Technology to purchase local bonds.

In reality, this is not necessary, but it would be another matter if a huge additional expenditure budget of several hundred billion were added.

But this is not a big deal. Lingjing Technology has sufficient cash flow reserves. At worst, it can just buy bonds issued by Linzhou. Anyway, there is no need to worry about defaulting and not being able to repay.

After a while, Xiao Yu turned to ask: "What is the performance forecast for AVIC Linfei this year?"

Upon hearing this, Chen Zaiqing replied: "According to the plan to reach 1000 tons of room-temperature superconducting material production capacity this year, the revenue is expected to reach 8650 billion, but the profit is not much, and it will not contribute much tax in the short term."

This revenue scale directly surpassed Lingjing Technology in one fell swoop, but it was not profitable. In order to limit production capacity in the early stage, Xiao Yu quoted the cost of room-temperature superconducting materials at 8 million yuan per ton, which means that the cost of producing 1000 tons would cost 8000 billion yuan.

Room-temperature superconducting materials are materials brought over from the Blue Star World. The cost of 8000 billion must be actually "wasted" and reflected in the financial statements, otherwise it will be impossible to give a reasonable explanation to the outside world.

The current profit margin of room-temperature superconducting materials is not high because they have not been opened to the civilian field. The current production capacity is either for military use or for the current skytrain project, and another part is used for research on controlled fusion technology.

The military sector only has a 5% profit based on cost pricing. The profit from air-rail trains is a little higher than the military sector, but it does not exceed 10 percentage points. As for the direction of controlled fusion, it is currently in the research stage and not much is required.

All in all, the current sales targets of the room-temperature superconducting materials business should not have too high profit margins, so the total profit margin is only about 8%, and the net profit margin is even lower.

The "Shenlong Project" under AVIC Linfei is expected to bring in more than 3000 billion yuan in revenue, but the military plans to purchase 35 J-36 fighter jets to be completed in five years, with delivery of seven aircraft in batches. The amount of funds is also about 7 billion yuan, and the profit is not high, also at a profit margin of 872%.

Therefore, China Aviation International now has almost no tax to pay. At most, it will only pay a few billion yuan in taxes this year.

It will take another one or two cycles of cost reduction and efficiency improvement for the company's profit margin to truly take off.

AVIC Linfei is different from Lingjing Technology. The strategic significance of room-temperature superconducting materials far exceeds that of graphene materials. It is related to the country's promotion of industrial upgrading in the "superconducting era". Before the cost is reduced, not too much profit can be made, and the price cannot be too expensive. On the contrary, it will slow down the efficiency of superconducting-enabled industrial upgrading.

However, Lingjing Technology's current ability to make money is off the charts, and its profit scale is ridiculously high, so it's not a big problem. Let Lingjing Technology bear the brunt in the next few years, and in two or three years, AVIC Linfei will also be able to make a move.

……

A few days later, news came out that Linzhou City planned to invest in the construction of the country's first long-distance air train line, with a mileage of 350 kilometers.

As soon as the news came out, it immediately attracted much attention from the outside world, and soon an insider told the media that the news was true.

Skyrail trains are no longer limited to urban rail transit, but also require the construction of long-distance trunk lines. The speed of advancement is much faster than the outside world predicted.

Driven by this news, the capital market saw it as a major positive beyond expectations for Zhongguo CRRC, and the stock price surged again. The next day, when the stock market opened, the stock opened with a strong bid and closed at the daily limit all day, and then went through a second daily limit, pushing the market value to 9355 billion, breaking the previous high. The last high point was the cosmic top in 2015.

Zhongguo CRRC has firmly stood at the forefront of the times and reaped the benefits brought by room-temperature superconductivity.

On the third trading day, Zhongguo Zhongche once again opened with a daily limit, and the stock price reached 35.85 yuan, which went on for three consecutive days. However, this daily limit was finally broken, and then a huge amount of volume was released. At the end of the trading day, the stock turned from weak to strong again and recovered, forming a T-shaped turnover board.

After three consecutive boards, the total market value of Zhongguo CRRC reached 10288 billion, entering the trillion-yuan market value club. After nearly ten years, it once again reached the trillion-yuan market value mark. The popularity index also went off the charts. In recent days, it has been firmly ranked first in the popularity list of individual stocks in the A-share and A-share markets. Investors have once again brought out the former title of "Zhongguo Magic Car".

The historical peak of Zhongguo CRRC after adjustment is 37.78 yuan. This trend is bound to break through and set a new historical high.

On the fourth trading day, Zhongguo CRRC's stock price hit the daily limit within half an hour of opening, and soared to 39.44 yuan, successfully breaking through the high of 2015 yuan on April 4, 20 to reach a historical high, pushing the total market value to 37.78 trillion yuan.

In the next few trading days, CRRC Corporation Limited stopped its consecutive daily limit increases, but the market's bullish momentum did not dry up immediately and it continued to rise. The stock price did not end until it reached 59.59 yuan, pushing the market value to 1.71 trillion yuan. This main upward wave ended, ushering in a larger and longer adjustment.

Many stock investors also joked that they were stuck with the Zhongguo CRRC stock they bought ten years ago when the market was above 5000 points, but they were able to get out of the trap ten years later when the market was below 3000 points, which they called a rare sight.

However, today, the trapped shares that were guarding the top of the universe back then have long disappeared because they have all been sold.

Before the market came out, no one would have thought that this stock could increase tenfold in less than a year. From the bottom of 4 yuan in April last year to the present, the maximum cumulative increase is +4.21%. No one expected that it could reach a new historical high.

……

Just when Zhongguo CRRC was riding on the wave and making a big splash in the capital market, Xiao Yu paid no attention to it at all. His current focus was mainly on the individual power armor project.

Two days later, at Lingjing Technology Headquarters.

At this moment, Xiao Yu was in his office discussing project matters with the head of the smart medical operating table project team.

At this moment, his mobile phone received an unread message, and it was encrypted. As soon as Xiao Yu heard the prompt tone, he knew it was a message sent to him by Xiaolan, the AI ​​in the secret underground base, because a special prompt tone was used.

He immediately stopped talking, took out his phone and glanced at the message:
[Master, the prototype of the power armor after the technical downgrade has been completed. ]

When Xiao Yu saw this message, he was immediately refreshed. He deleted the message and looked at the person in charge of the smart medical operating table project team and said, "The clinical trial of volunteers will proceed as planned. Report to me if there is any new progress."

The middle-aged man in front of him looked at Xiao Yu and nodded: "Understood."

Seeing that Xiao Yu obviously had other things to do, he said goodbye and left first. As soon as he left the office, Xiao Yu also left the Lingjing Technology headquarters and returned to his villa residence, then transferred himself to a secret base deep underground through the teleportation star gate.

……

(End of this chapter)