Black technology: a super empire spanning two worlds

Chapter 269 [2023 Financial Report]

Lingjing Technology's share price hit an all-time high of 277.19 yuan, pushing its market value to 24.06 trillion yuan, equivalent to 3.34 trillion US dollars excluding exchange rate changes.

This number also makes Lingjing Technology the world's largest listed company by market value again after a year and a half.

Before this, the company that held the title of the world's largest stock by market value was Cyera-AI, founded by Xiao Yu's stand-in Peter Vitas, with a current market value of 3.16 trillion US dollars.

Microsoft ranks third in the latest ranking with a market value of $3 trillion, followed by Apple with a market value of $2.66 trillion, and Nvidia with a market value of $2.14 trillion.

A listed company from a great Eastern country has become the world's number one, which has made Western capital groups uneasy. In particular, AmeriCar, which claims to have global financial hegemony and control global pricing power, immediately began to suppress the stock price of Lingjing Technology.

Because América cares a lot about this "robes", just like he cares a lot about the fact that the world's richest man must be an American or a Westerner. This "robes" is very important to them. It can be said that América is now basically entirely supported by finance in order to attract global capital.

As a result, people found that the world's richest man is not in America, and the world's company with the largest market value is not in America.

This kind of scene will confuse global capital and make it look east.

Therefore, after seeing Lingjing Technology once again become the world's number one stock, Western capital immediately began to secretly suppress the company's stock price.

They would rather not make any money, or even make a small loss, as long as they can bring down the stock price and grab the title of the largest stock by market value.

In the next few days, Lingjing Technology peaked at 277.19 yuan and then began to fall and entered a period of adjustment.

Xiao Yu doesn’t care whether Lingjing Technology’s market value is the world’s largest stock, because he doesn’t need this “cassock” and neither does Dongda.

Moreover, Xiao Yu did not deliberately manage the company's market value, so he let various market funds compete.

Such a large plate, with a market value of over 20 trillion, cannot be maintained without solid fundamentals.

The strongest foundation of Lingjing Technology is Xiao Yu, and behind Xiao Yu is the black technology support of almost the entire Blue Star world.

Even if the stock price is deliberately suppressed by short selling, the drop will only be temporary. As long as the fundamental logic is there, once the force of the trend forms a combined force, no funds can suppress such a large plate.

Over the next month, Lingjing Technology's stock price was secretly suppressed by capital from the United States and the West, and the company's stock price was suppressed to 4 yuan in mid-to-late April.

Compared with the historical high, the cumulative pullback has exceeded 20 percentage points, reaching -20.042%, evaporating a market value of nearly 5 trillion yuan.

Lingjing Technology's share price also fell below the 20 trillion mark, falling to 19.14 trillion, equivalent to 2.65 trillion US dollars.

With a market capitalization of US$3.22 trillion, Cyera-AI has regained the top spot in the world by market value, while Lingjing Technology ranks third after Microsoft.

It is actually not easy for overseas short-selling capital forces to bring down the stock price of this stock.

They are playing this operation with fear and trepidation, and they dare not suppress it too harshly. The risk is really great, and they cannot rule out the possibility of being forced to sell.

They are clear about this because Lingjing Technology's performance fundamentals are indeed strong enough.

This stock has become the belief of tens of millions of retail investors. If it falls too sharply, the retail investors who are looking for the bottom will really dare to take action, and there is a real possibility that they will be forced to short sell.

In order to suppress the stock price of Lingjing Technology, overseas short-selling capital forces can accept small losses, but absolutely cannot accept the cost of a margin call.

Their purpose this time is not to make a profit by short selling, but to get Lingjing Technology down from the top spot of the world's largest stock by market value. It is enough to achieve this goal. They will not try desperately to drive the stock price down, as they are also afraid of being forced to short and lose all their money.

Moreover, they have not forgotten that April is the critical moment, and the annual report will be disclosed soon. Referring to the previous financial reports released by Lingjing Technology, every time the financial report exceeded expectations, the stock price of Lingjing Technology soared sharply. With the last few days left for the annual report disclosure, the stock price of Lingjing Technology is obviously unable to fall, and there is strong support near the price of 4 yuan.

This year's annual report was disclosed later than last year. Lingjing Technology's financial report disclosure is irregular, and investors have long been accustomed to it.

However, April is about to end, just a few days away. Referring to the previous financial report disclosure periods, stock prices have risen sharply. Short-term traders have also begun to pay attention in recent days, and funds obviously have memories.

……

Thursday, April 4th, Lingjing Technology Headquarters.

Xiao Yu took time out to come to the company today because the annual report came out today, and he came specifically to listen to Yun Shu's report.

In the chairman's office, Xiao Yu waited for a moment and then heard a knock on the door.

"Come in."

Xiao Yu looked in the direction of the voice and saw a beautiful lady in an OL professional suit walking in slowly. It was Yun Shu, and she also brought the annual report information.

"The company exceeded its performance targets in the fourth quarter, thanks to the expansion of the graphene battery business into the new energy vehicle field, which contributed most of the company's revenue in the fourth quarter." Yun Shu said as he walked towards Xiao Yu.

Sitting down next to him, Yun Shu continued, "Total revenue for the fourth quarter reached 3358.26 billion, and net profit was 1108.15 billion."

At this point, she handed the annual report document she brought to Xiao Yu, who opened it and browsed through it, mainly looking at the key data.

Yun Shu glanced at Xiao Yu and said, "According to the annual report data, in 2023, the company's annual revenue will be 8765.13 billion, a year-on-year increase of +271.95%; net profit will be 2844.64 billion, a year-on-year increase of +290.66%. The company's cash reserve scale has reached a new high of 7550 billion."

After reading the financial report, Xiao Yu put it aside and smiled, "Fortunately, the graphene battery business has made great efforts in the field of new energy vehicles. Otherwise, we might not be able to achieve the set revenue target of 8000 billion this year."

Yun Shu asked, "We distributed dividends once in the first half of last year. Will we distribute dividends in the second half?"

Hearing this, Xiao Yu said without hesitation: "Of course we have to share. We have promised to give out one-third of the net profit as dividends every year. How can we break our promise? Of course we will share in the second half of the year."

While saying this, he was also thinking in his mind that Linzhou City was going to build a new 358-kilometer long-distance air train line. The city's fiscal budget, taking into account the sharp increase in tax revenue from Lingjing Technology this year, would probably still be insufficient.

This is because not all the taxes paid by Lingjing Technology go to Linzhou City. The province takes a portion, and the national treasury also takes a portion.

The money for the new long-distance air train line needs to be funded by Linzhou City, so it will definitely have to issue bonds from abroad.

Xiao Yu also promised that if there was a lack of money to issue bonds in order to promote the empty list project, he would let Lingjing Technology apply for local bonds, that is, Lingjing Technology would lend money to Linzhou City.

At last, Xiao Yu could not help but nod to himself: "The company now has a cash flow of more than 7500 billion. If we take out a part of it for dividends and another part for bond purchases, there should be more than half left, which is more than enough."

After a moment, Xiao Yu turned his head to look at Yun Shu and added, "Okay, that's the decision. You go and make the arrangements. Disclose the annual report and also disclose the cash dividend plan for the second half of 2023."

Yun Shu nodded and immediately set off to make arrangements.

……

(End of this chapter)