Black technology: a super empire spanning two worlds
Chapter 93 [Senior executives who left the company regretted their decision]
Chapter 93 [Senior executives who left the company regretted their decision]
There is no bargaining power in the buyer's market, especially Xiao Mi. What else can we do?
If you want to get the goods, you have to accept the conditions proposed by the supplier. In the end, Xiao Mi had no choice but to accept it. The supply of 3000 million mobile phones to Xiao Mi was largely due to Lei Jun's face.
It is not surprising that Xiaomi's profit is not high. Lingjing Technology provides screens and batteries for its smartphones. Relying on these two businesses, it takes away 30% of the sales of a Xiaomi phone's initial launch price, because the screen business is also charged at 20% of the initial launch price.
This means that the initial launch price of a mobile phone is RMB 5000. No matter whether your sales are good or bad, whether you make money or lose money, Lingjing Technology will take RMB 1500 first, and this money is a safe profit. As for whether Xiaomi has inventory backlog, that is Xiaomi's own business and has nothing to do with the upstream supplier.
Moreover, Xiao Mi's suppliers are far more than Lingjing Technology. For example, Xiao Mi has to rely on Qualcomm for chips. So the suppliers are cutting the cake one by one, and the profit margin left for Xiao Mi is naturally not high.
There's nothing I can do about it. I don't have enough core technology to do this.
But it must be said that no matter what, Xiao Mi was able to produce products and sell them by asking for help from people in the supply chain, which is also a skill.
……
Two days later, Xiao Yu came to the Lingjing Technology headquarters to hold a board meeting and passed several items that had been prepared previously.
Xiao Yu already has absolute control over Lingjing Technology, and no one can object. Moreover, the members of the board of directors after the reorganization are basically his people. Even Wen Suqing is his classmate and friend.
But the necessary procedures still need to be followed. Lingjing Technology is now the number one stock in the Growth Enterprise Market by market value and is no longer a small workshop.
The first resolution passed by the board of directors this time was to divest the traditional industries' food processing, grain trading and retail supermarket businesses, set up independent subsidiaries, which will be wholly owned by the parent company Lingjing Technology and have consolidated financial statements.
The second resolution passed was the second salary increase this year, with all employees of the company getting a 35% salary increase. Salaries starting from July will be paid based on the salary increase.
The third resolution passed is that the company plans to issue 10 additional shares for every 990 shares held by all shareholders. After the implementation of this plan, the company's total share capital is expected to increase from 8.68 million shares to 868 billion shares. The high bonus and transfer plan will be implemented in July, and the company's stock price will be ex-rights on the implementation date.
Xiao Yu now holds 4.51 million shares of the company, accounting for 51.03% of the company's total share capital. After the high bonus and share transfer, the number of shares held becomes 451 billion shares, and the shareholding ratio remains at 51.03%. The shareholders' equity remains unchanged, the shareholding ratio remains unchanged, and the total value of the shares held remains unchanged.
In fact, high dividend and bonus is equivalent to stock split in foreign countries, which is equivalent to exchanging a cash with a face value of 100 yuan for 100 cash with a face value of 1 yuan, and the value has not changed.
At around 17 p.m., Lingjing Technology disclosed the results of the board of directors' resolution to the public, which immediately caused a sensation in the outside world.
[Wow, this is too spicy, too spicy, another salary increase?]
[All the big companies are cutting jobs and reducing salaries, and hiring to save money, but Xiao Ge is expanding his recruitment and raising salaries dramatically, every six months, and each time the salary is raised by 35%.]
[I am so jealous, Brother Xiao, is your company still hiring security guards?]
[I am a native of Linzhou City. My thigh is swollen. Half a month ago, my friend asked me to go with him to Lingjing Supermarket to apply for a job but I didn’t go. Then my friend got the job and I regretted not going with him.]
[I only found out about this when an employee posted a video of Brother Xiao speaking in the supermarket online!]
[There is no chance now. I am also a local of Linzhou. I heard that the competition for jobs is very fierce now. There are hundreds of people competing for an ordinary position in a supermarket. It is too exaggerated.]
[Compared to the parent company Lingjing Technology, which requires high-tech professionals, the threshold for this retail supermarket is much lower, but the salary is much better than its peers, so it is not surprising that the competition is fierce.]
[Brother Xiao really wants to help everyone get rich together. I really hope there will be more entrepreneurs like him in society.]
[Other bosses: Oh, this is very difficult. I can’t carry it…]
[Xiao Ge is finally going to split Lingjing Technology, but I didn’t expect it to be a 100-for-1 split. I have no choice but to buy it now. Good company, good boss, be a good person, buy good stocks, and you will get good rewards.]
[Waiting for the stock split to be completed in July, planning to invest half of the stock into long-term value investment.]
……
The next day, stimulated by the news, Lingjing Technology opened high and continued to rise. Market software such as Tonghuashun also added the concept of high dividend and bonus to Lingjing Technology today.
In just ten minutes, the trillion-level market cap rose by 20.00%, easily breaking through the previous high and setting a new historical high.
The company's stock price reached 1378.22 yuan, and the corresponding total market value reached 11962 trillion yuan.
The next day, the stock opened high and continued to rise, with both volume and price rising, successfully hitting the daily limit. The stock price hit a new high of 1653.86 yuan, and the market value soared to 14355 trillion yuan.
Many small retail investors who were waiting to get in on the stock after the ex-rights period became anxious and cursed at the main capital for its ugly behavior when they saw such a guarantee. They wanted to take the opportunity to push up the stock price in advance, and then let retail investors take over after the ex-rights period in July. Their plan went according to plan.
Lingjing Technology's stock price fell -5.60% and -1.79% in the next two days.
At 10 a.m. the next day, Lingjing Technology announced that it had signed a super large mobile phone battery supply contract with Xiaomi Group worth over RMB 150 billion, providing 3000 million mobile phone batteries for Xiaomi mobile phones.
As the news came out, the company's stock price soared during the trading session, and off-market funds rushed to buy shares. At around 10:23, Lingjing Technology's stock price surged to 1839.92 yuan, an increase of +20.00%, hitting the daily limit. It hit the daily limit three times in five days, and the market value soared to a new high of 15970 trillion yuan.
"Spirit King is mighty! Awesome! The stocks that can withstand Ashin's bullish call are all big bull stocks. Holy shit, can they really reach the target price of 2000?"
A retail investor was excited to see Lingjing Technology hit the daily limit again. He was so excited that he naturally held the stock, but he only bought 2 lots of 200 shares at a cost price of 1065 yuan. Now he has a floating profit of +72.76%.
At 10:39 the next morning, major market software pushed the following message:
[Lingjing Technology's stock price broke through the 2000 yuan mark, up more than +9%, setting a new historical high, with a market value of more than 1.7 trillion yuan]
"Zhongxin Securities really got it right. Lingwang really resisted Ashin's bullish spell..." A retail investor who was watching the market was also stunned. No one expected that the share price of Lingjing Technology could really reach the 2000 yuan mark.
Moreover, its current price has exceeded the current price of Maotai shares, making it the stock with the highest single-share price in the A-share market. It costs more than 20 to buy one share. Most small retail investors cannot even afford to buy one share now, and can only wait until the high dividend, stock transfer and ex-rights in July.
At that time, the stock price of Lingjing Technology fell back, with the highest point during the trading session being 2011.05 yuan, corresponding to a market value of 17456 trillion yuan.
It has already surpassed the universe's No. 1.6 stock with a market value of 2.45 trillion yuan and ranked second in the A-share market, second only to Maotai with a market value of trillion yuan.
In the afternoon, the trend continued to fluctuate and fall, and at the end of the trading day it turned green and accelerated its plunge into a decline.
Hitting Zhongxin Securities' bullish target price is itself a realization of expectation. In addition, the stock price is so expensive, the market cap is so large, and there are not many retail investors participating, so it is hard to take it.
After the market closed, Lingjing Technology fell -3.57% to 1774.26 yuan, with an after-hours market value of 1.54 trillion yuan. It was overtaken by Universe First Bank and became the third largest listed company in the A-share market by market value.
Lingjing Technology is definitely a target that investors in the A-share market cannot avoid in the past two years. No one could have expected that the company's stock price would fall to 0.42 yuan a year ago, and no one could have expected that it would rise from 0.42 yuan to the current 2011.05 yuan in just about a year.
It started from the historical lowest price of 0.42 yuan to the current high of 2011.05 yuan, and in about a year it has achieved a cumulative increase of +478721.45%. This is unique in the entire history of A-shares, and it is also a very explosive return on investment from a global perspective, even Bitcoin would be ashamed of it.
If you bought 0.42 yuan at the price of 500 yuan, you would have 240 million yuan now. If you bought 1 yuan and kept it for a year, you would have 4800 million yuan now, and you would be financially free.
... "Oh~, if I hadn't resigned from Lingjing Technology two years ago and hadn't sold my option stocks in August last year, I wouldn't have ended up like this. It's so sad!" In a car on the side of the road in a certain city, a middle-aged man in his thirties was waiting for an online taxi order. He looked at the current share price and market value of Lingjing Technology displayed on his phone and sighed.
He was one of the members of the initial 30-something-person founding team of Lingjing Technology and was a true veteran employee. After the company went public, he also became one of the senior executives, but he chose to resign voluntarily a year and a half ago.
As an early member of Xiao Yu's startup company, he also received a bonus share and an option quota of 1000 million shares, of which 350 million shares were given directly and the other 650 million option shares required payment for subscription. However, the exercise price of 0.05 yuan is unimaginable in the current secondary market.
At the beginning, he only needed 32.5 yuan to exercise the option to buy 650 million shares.
When the company was short of money in its early stages and couldn't find VC capital, Xiao Yu raised money by selling stock options to employees internally, and eventually raised more than three million to get through the difficult times.
But the man chose not to buy at that time, so he only got the 350 million shares that were given to him.
As a result, the company developed better and better under Xiao Yu's leadership, and finally successfully went public through a backdoor listing. This made him very regretful that he did not subscribe to the 650 million shares at the beginning. With an exercise price of 0.05 yuan, he could have bought them for 32.5 yuan. Even if he sold them at the company's historical lowest price of 0.42 yuan, he would still have made 273 million yuan, which could bring a return of 240 million yuan.
But what he regretted most was that he sold 1.12 million shares of Lingjing Technology at a price of 350 yuan in August last year.
At that time, Xiao Yu was fighting with several investors, and the stock price suffered 15 consecutive limit downs, and once fell to the historical lowest price of only 0.42 yuan per share.
In fact, when Lingjing Technology's stock price rose to 50 yuan in June and July last year, he wanted to sell it for cash. At that time, the market value of the 350 million shares he held was 1.76 million yuan, but unfortunately the lock-up period had not yet arrived and it would not be released until August.
As luck would have it, the stock price suffered a series of sharp declines in August. By the time the ban was lifted, the stock price had fallen to more than 1 yuan. At that time, the entire market believed that Lingjing Technology would face forced delisting. He was also afraid of delisting and sold his shares.
After cashing out, he used the 390 million to start his own business, thinking that if Xiao Yu could do it, he could do it too. However, the company went bankrupt in just three months, and he lost all his money and was still in debt of more than one million. Now he can only join Didi, one of the triathlons, to drive for the online ride-hailing company.
"My heart is bleeding. If I take a wrong step, there will be no recovery..." At this moment, he looked at the astronomical figure of 1.54 trillion market value of Lingjing Technology. His whole expression showed a mask of pain. He regretted deeply that he had left the company.
If he had not resigned, he might not have sold his stocks and would be a super-rich man worth 70 billion now.
The most important thing is, if he was still in Lingjing Technology, he would be regarded as a big shot in people's eyes. He would be as high-spirited and ambitious as Xu Changming and Fu Kang, making decisions in the industry and reaching the peak of his life.
Once he quit his job, he is now in debt and has to drive a ride-hailing car.
Not only did he not dare to brag about his status as a member of the founding team of Lingjing Technology, he had to hide it instead.
Because if you end up like this, not only will it not be something to show off, but it will become a laughing stock.
Others should know that as a veteran of Lingjing Technology, even if he resigned, his net worth should be at least over 100 million yuan based on the stock options he received. How could he get to the point of driving an online car-hailing company? It seems that he really can't do it. His resignation should be a blessing for Lingjing Technology.
“Ah~, it hurts, it hurts so much!!”
……
Lingjing Technology Headquarters, Chairman’s Office.
Yun Shu and Xiao Yu were sitting on the sofa in the office lounge. At this moment, the beautiful assistant said with a smile: "The youngest richest man in the history of China has a net worth of an incredible 7858 billion, which is equivalent to about 1170 billion US dollars in US dollars. He has become the first domestic rich man to enter the top ten on the world's rich list, and ranked sixth, second only to Warren Buffett, the stock god with a net worth of 1180 billion US dollars. How about it? What do you think, Mr. Richest Man?"
Hearing this, Xiao Yu said disapprovingly: "It's just paper wealth. I'm not like you who can cash out at any time without announcing it 15 days in advance. I won't cash out, and I can't cash out. Excluding the water in the price-earnings ratio, the company's actual net assets should only be 962 billion."
The company's current market value is 1.54 trillion yuan, but its net assets at the end of the period are 1885 billion yuan. Not only is its price-to-earnings ratio very high, reaching 71 times, but its price-to-book ratio is also not low, having exceeded 8 times.
Whether it is 7858 billion or 962 billion, to Xiao Yu it is just a string of numbers.
A group of executives who have followed Xiao Yu to develop his career have seen their net worth rise rapidly, especially Xu Changming, Fu Kang and other few veteran members who are still in the company, whose net worths are in the tens of billions.
Even Yun Shu, the beautiful assistant, is now a female billionaire with a net worth of tens of billions. She holds 850 million shares, and the market value corresponding to the current stock price has reached 150.8 billion.
Moreover, Yunshu's shareholding ratio does not exceed 5%, and the lock-up period has passed. If he wants to cash out, he can sell it directly from the secondary market at any time without issuing a reduction announcement 15 days in advance.
Of course, she listened to Xiao Yu very much. No matter how the company's stock price fluctuated, whether it went up or down, she would not sell a single share.
She is not short of cash now, and she can't spend all the salary the company gives her.
After a moment, Yun Shu couldn't help but say, "Those veteran colleagues who left the company in the past few years basically cashed out their stocks when the company's stock price was around 1 yuan. I think they must be extremely regretful after seeing the current stock price."
Hearing this, Xiao Yu remained silent. He just smiled and said nothing.
It's more than regret. I regret it so much that my intestines turn green!
Yun Shu obviously knew that those veterans who had resigned had sold their original shares. As soon as the restricted shares were released in August last year, their names were no longer on the shareholder list for the third quarter. It was obvious that they had cashed out in the secondary market at that time, and they were afraid that the company would be delisted, so they sold at the floor price.
It would have been strange if he had been able to hold on and not sell his shares in August last year. After all, the entire market believed that the company was going to be delisted. Even Yun Shu felt that the company was doomed and wanted to sell his 300 million shares.
Fortunately, she told Xiao Yu about this before she wanted to sell, and finally listened to Xiao Yu's advice. Instead of selling, she bought 550 million shares at the floor price. This is why she is worth 150 billion now.
……
(End of this chapter)
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