Black technology: a super empire spanning two worlds

Chapter 73 [The explosive annual report performance sent Xiao Yu to the top of the richest man (first order required)]

In just a few days, the popularity of AI Mirror has exploded exponentially, and users have given it almost unanimous positive reviews.

There are even users who have divided the AI smart assistant market into two categories: AI Xiaojing and other smart assistants, making AI Xiaojing a unique category.

Some industry insiders admitted that the emergence of Lingjing Technology's AI mini-mirror has led to a new round of AI wave, which has arrived without even saying hello, catching everyone off guard.

AI Xiaojing has also been welcomed by a large number of otakus and 2D fans, thanks to the virtual image designed by the development team for AI Xiaojing and the rich interactive elements on the PC side.

Xiao Yu did not skimp on the budget for development in this area.

He had intended to raise the company's operating costs, spending as much as possible within the budget and suppressing the company's outrageous profit margins.

Many users even play AI Xiaojing as a cultivation game. There is a small team dedicated to the virtual image design, and subsequent versions will be updated with more interactive elements.

……

July 4, Lingjing Technology Headquarters.

"The number of registered users of Xiaojing has exceeded 1000 million since its launch." Yun Shu came to Xiao Yu's office to report the good news to him.

From the first day of its launch to now, it has only been 6 days, which means that the daily user growth rate has exceeded 160 million. This is without any publicity. There is no doubt that it has become the annual hit.

"Well, not bad." Xiao Yu nodded with satisfaction. Developing the AI intelligent body at the software level is crucial for bringing the bionic robot technology of Vitas Industrial Group on Blue Star to Earth later.

Even if the castrated "beggar version" is released on Earth, it is enough to give the world a huge shock. Lingjing Technology has been making robots and automation products, so it is only natural for it to launch some advanced robot products at that time.

"Let Xu Changming continue to increase storage and computing power resources. With the surge in users, the demand for storage and computing power will also surge significantly. We must prepare in advance to ensure a smooth user experience." Xiao Yu thought about it and said so.

"Yeah, okay." Yun Shu nodded.

The computing power resources on Earth are currently insufficient, and there are no quantum computers, so it is not the right time to get this thing here.

There are too many advanced technologies on Blue Star, but to bring them to Earth, we have to wait until the technology tree here is fully laid out. If we rashly bring them here without lighting up some necessary prerequisite technology trees, there is a great risk of failure.

There is no big problem with storage and computing power resources. Xiao Yu adopts the strategy of "throwing bricks with great force" and directly pays for a large amount of storage and computing power resources. If it is not enough, he can just pay for the construction of more storage and computing power data centers himself.

Moreover, Xiao Yu was worried about where to spend money to reduce the company's profit margin, so he naturally would not miss this opportunity.

After the launch of AI Xiaojing, especially with the surge in users, both the demand for storage and computing resources and Internet fees were huge expense costs, which was exactly what Xiao Yu liked to see.

With the current astonishing user growth rate, the real explosion has not yet begun.

This year, it is very likely that the user base will reach over 1 million relying solely on the Greater China market. This is definitely the biggest dark horse product of the year in the technology circle. It is no exaggeration to say that it came out of nowhere and reached its peak as soon as it debuted.

The popularity of the small mirror has also pushed up the market value of Lingjing Technology Co., Ltd. Although the stock market has weakened recently, Lingjing Technology has continued to rise against the trend.

If it weren't for the fact that the overall market index was not so good and the annual report had not been released yet, Lingjing Technology's stock price would have most likely risen sharply. But even so, the company's stock price still rose sharply amid fluctuations and set new historical highs.

The stock price broke through the 600 yuan mark, reaching a high of 608.34 yuan. The corresponding market value also broke through the 5000 billion mark, reaching 5280.39 billion. It has surpassed Mairui Medical (3633 billion) on the ChiNext and is second only to CATL (9486 billion) in market value on the ChiNext.

It has also surpassed the market value of China National Petroleum Corporation in the A-share market, and its ranking has risen to 16th place. Lingjing Technology has become a super large-cap stock with a market value of 5000 billion yuan.

Xiao Yu's net worth also soared to 2695 billion, directly surpassing the founder of Toutiao (2450 billion). He ranked second on this year's domestic rich list, second only to the founder of Nongfu Spring (4550 billion).

In the past year, Xiao Yu is the super rich person with the fastest and largest wealth growth.

At the same time, he is also the youngest super rich person on the list of top 29 richest people in China. He is only 29 years old this year, and he is only 29 in terms of age, which means he is still several months away from turning .

However, in the next few days, the stock market plummeted. On April 4, the market plummeted by more than 25 percentage points, and the Shanghai Composite Index fell below the 5 point mark. A stampede occurred in the market, and Lingjing Technology was also mistakenly killed by emotions. It hit the -3000% limit that day, and fell another -20.00% the next day. The stock price fell back to 5.87 yuan, and the market value fell back to 420.36 billion yuan.

However, the company's stock price had strong support at the 400 yuan level and rebounded to above 450 yuan in the next few days.

……

Friday, June 4.

At around 15: pm, Xiao Yu came to the company. As soon as he entered the office, Yun Shu learned that he had come to the company and went to the chairman's office with some documents.

"The annual report audit has come out today. We finally got it done on the last day." Yun Shu put the financial report document on Xiao Yu's desk and looked relieved. The latest deadline for annual report disclosure for listed companies is April 4th of each year.

Xiao Yu glanced at the beautiful assistant, smiled and said nothing, then retracted his gaze and took a look at the financial report.

Yun Shu also succinctly stated the key points: "In 2021, the company's annual revenue was 783.65 billion, a year-on-year increase of +1988.06%, and its net profit attributable to shareholders was 216.33 billion, a year-on-year increase of +3688.61%. The company's current cash flow has reached a record high of 270 billion."

In the first three quarters of last year, the company was in a state of serious losses. However, in the fourth quarter, the company's graphene business orders were in short supply, and no buyer manufacturer held back on payment, which suddenly propped up the performance. The performance in the fourth quarter exploded, covering all the losses in the first three quarters and making a huge profit.

Moreover, the expected revenue from 2000 tons of graphene production capacity is 600 billion, but in fact it is selling graphene composite materials. Lingjing Technology has made them into precision components for customers.

For example, mobile phone manufacturers, whether it is Huawei or Xiaomi, directly handed over the screen business to Lingjing Technology. The company will provide the entire screen components to the two mobile phone manufacturers, and naturally become the screen supplier of these two major mobile phone manufacturers, and also supply the flagship models of the two manufacturers.

After reading the 2021 fiscal year report, Xiao Yu was very satisfied. He believed that the company's profit margin was within a normal range.

However, Lingjing Technology's full-year net profit still exceeded 200 billion. Among the more than 5000 listed companies in the A-share market, only 200 had a net profit of more than 46 billion last year, accounting for only 1% of all listed companies, and they are all national team companies.

If Xiao Yu had not intentionally lowered the company's profit margin, the net profit in the annual report could have more than doubled.

……

Around eight o'clock in the evening, Lingjing Technology officially disclosed its annual report. The long-awaited annual report of the capital market has finally arrived, and everyone paid attention to it at the first time.

When people in the investment circle saw Lingjing Technology’s 2021 financial report data, they couldn’t sit still.

"Wow! Last year's net profit was more than 200 billion? Exceeded expectations! It seriously exceeded expectations!" An investor was shocked when he saw Lingjing Technology's annual report. He couldn't help but say: "Ningde Times had a revenue of 1300 billion last year and a net profit of 159 billion. It made more money than Ning Wang, and the market space is larger than Ning Wang's track. Why is the market value lower than Ning Wang? It doesn't make sense!"

Then he went all in and placed an overnight order for Ding Lingjing Technology without hesitation.

After the May Day holiday, when the stock market opens, Lingjing Technology will definitely hit the daily limit. At this moment, he is not the only investor who is placing overnight orders. Many people are scrambling to place overnight orders.

The market plummeted last week, and Lingjing Technology was mistakenly killed by emotions, following the market's limit down. The latest closing price is now 458.83 yuan, and the corresponding total market value is 3982.64 billion yuan.

Before Lingjing Technology's annual report came out, the company's price-to-earnings ratio reached a terrifying 700 times, which could be called a dream price-to-earnings ratio. At its highest point, the price-to-earnings ratio reached a terrifying 926 times.

But with the release of the annual report, Lingjing Technology's price-to-earnings ratio has dropped directly from 700 times to the current 18.41 times. In the A-share market, where can you find a listed company with a price-to-earnings ratio of less than 19 times for a high-growth technology company?

"Damn, the number one stock on the ChiNext should change hands. Lingjing Technology's market value is less than 4000 billion, and Prince Ning's market value is 9500 billion. Prince Ning has to buy from Lingjing Technology. It doesn't make sense that Lingjing Technology's market value is lower than Prince Ning's. The target price should be at least one trillion!"

The investor was extremely excited because he already held three layers of Lingjing Technology stock, and the remaining positions had been all-in overnight orders.

……

As the May Day holiday came to an end, the first trading day after the holiday arrived as scheduled. As expected, Lingjing Technology opened at the daily limit, with a staggering amount of more than 500 billion yuan of funds blocked on the daily limit.

The next day, the overall market index plummeted, but Lingjing Technology was not affected at all and continued to hit the daily limit to set a new historical high.

On the next trading day, Lingjing Technology's stock price did not continue to hit the daily limit, but opened high and then fell nearly 7 percentage points at the opening. After that, it released a huge amount of volume and went up again, reaching the three-day winning streak. The stock price once again hit a record high, and the market value soared to 6882 billion.

The main funds also want to keep pushing up the board, but now Lingjing Technology is already a super large-cap stock with a market value of nearly 7000 billion. If it keeps pushing up the board, no funds will be willing to take over. Even if they want to take over, they may not be able to do so.

Moreover, the stock price is getting higher and higher now, reaching 729.86 yuan per share. It costs more than 7 yuan to buy one share. It is a GEM stock, so many retail investors cannot even afford to buy 1 share.

Therefore, after the main capital had hit two daily limit increases, it had no choice but to open the door for others to take over and work together to go long.

In the next two trading days, Lingjing Technology continued to hit the daily limit, forming a strong five-day trend. The company's stock price also broke through 1000 yuan, becoming the second listed company in the current A-share market with a stock price of more than yuan. The other stock is Maotai.

After the market closed, Lingjing Technology's stock price closed at 1141.72 yuan, and the corresponding market value reached 9910.13 billion yuan.

After five consecutive boards, Lingjing Technology continued to rise in the next trading day, with the maximum intraday increase reaching +10.88%. The stock price reached a high of 1265.89 yuan, but it fell back in the afternoon, ending the five-day winning streak, and finally closed up +4.30% at 1190.79 yuan.

Today, Lingjing Technology officially broke through one trillion yuan, with an after-hours market value of 10336.05 billion yuan and an intraday peak market value of 10987.92 billion yuan.

[Reaching a trillion market value in one go, awesome!]
[The first stock in the GEM market capitalization changes hands, King Ning is removed from the market, King Ling is crowned, the era of King Ling is here!]
[Six days and five boards, the cumulative increase in the six-day period is +175.89%. It's really amazing. Even monster stocks don't dare to rise this much.]
[I didn’t dare to take the third board, my thighs were swollen from being hit!]
[I dare to buy, but I can’t afford it, especially now. One share costs more than 1100 yuan, and one lot costs more than 11 yuan…]
[I beg Brother Xiao to split the stock, even if it’s 100-for-11, so that I can afford to buy it at more than yuan per share. It would be best if it’s -for-, so that each share is yuan, and everyone who can buy the GEM can afford it!]
[I second the motion! ]
[This trend, with a market value of hundreds of billions, a 20cm plate has reached five plates in six days, so amazing!]
[Who would have thought that nine months ago, the share price of this stock was only 9 yuan, with a market value of less than 0.42 million yuan, and now it has reached 3.65 yuan, with a market value of over one trillion yuan.]
[Ward, from the lowest point of 8 yuan on August 31 last year to today, the cumulative increase has reached +0.42%. In fact, it has increased by 301302.39 times in less than 9 months. Even if you just bought a few thousand yuan at that time and kept it, you can make 3013 or million yuan now. Buying a few thousand yuan can make you financially free.]
[Looking at the K-line of this stock, the trend of the previous two and a half years has been directly compressed into a horizontal straight line. Even the 50.50 yuan that was called the universe's top at that time is now just a small fluctuation.]
[Don’t even mention 50.50, even the historical high of 421.23 at the beginning of the year is a good buy now. If you don’t move, your money will double by now. I guess you won’t be able to buy such cheap chips in the future.]
[Trillion Spirit King, Brother Xiao's net worth has soared to 5600 billion, and the richest man in the country has also changed.]
[Oh my god~, this is the richest man at the age of 29. Can you believe it? Brother Xiao pushed the youngest richest man to within 30 years old. There is no such thing before. I accidentally witnessed history! ]
……

The hottest person in the technology circle this year is undoubtedly Xiao Yu.

The speed of his rise is also amazing. In the first half of last year, Xiao Yu was just a small Karami-level figure in front of bigwigs like Lei Jun. At best, he could only be regarded as an outstanding young entrepreneur in Linzhou City.

Not only are they plagued by troubles, they are even at risk of being swallowed up by capital.

As a result, in just less than a year, even Lei Jun has come to visit Lingjing Technology, and major technology companies such as Huawei and Xiaomi have come to the door to actively seek cooperation with Lingjing Technology.

The big guys he once looked up to all came to him and asked for cooperation, and Xiao Yu himself became a top figure in the technology circle.

He is also the hottest figure at the moment. He has risen from an outstanding young entrepreneur in Linzhou City to a leading young entrepreneur in the technology circle. The media also flock to report news related to him, and pay special attention to his skyrocketing net worth and wealth myth in a short period of time, making him the youngest richest man in the country in history.

……

(End of this chapter)