Cutting-edge technology: Starting with individual stealth equipment
Chapter 42 Henghui Agreed
If Lin Chuan were to choose to share the profits at this time, Qiu Zhanfeng would definitely see him as someone filled with deep malice, and it would be a miracle if he could keep it up.
At this moment, Lin Chuan calmly said, "I didn't intentionally try to annoy him; it was purely coincidental."
Jiang Miaolan smiled and said, "But Qiu Zhanfeng definitely won't think that way. He'll probably think you're just deliberately trying to annoy him and mess with his mind."
Upon hearing this, Lin Chuan shrugged and spread his hands: "There's nothing I can do if he wants to think that way."
……
10 a.m. the following day.
Zhou Chengyue, representing Henghui Group, once again visited DeepBlue Technology to meet with Lin Chuan.
In the meeting room, Zhou Chengyue said, "President Lin, our company has made a decision and agrees to the cooperation plan."
Henghui Group headquarters held an emergency meeting overnight and ultimately decided to take the gamble.
Although paying at least one billion yuan in "tribute" every year is very risky and could be a waste of money.
But the cost of missing this opportunity is even greater.
By seizing this opportunity, Henghui Group will not only be able to stand firm in the future industry reshuffle, but will also reach new heights.
Overall, the benefits outweigh the risks.
DeepBlue Technology's "Plastic-Eating Bacteria" project already has experimental data to support it, and Henghui also believes that there is no major problem with the pilot test. DeepBlue Technology only wants to provide funding for the solution, while Henghui will handle the industrialization, approval, and other related tasks.
Henghui Group also felt it was nothing to worry about.
After all, it is a leading company in the industry. As long as the "plastic-eating bacteria" project itself has solid technology, it may not be impossible to commercialize it within two years with active promotion.
Even if it's delayed by a few years, or even five years before it can be commercially deployed, it shouldn't be a big problem.
DeepBlue Technology granted Henghui Group a three-year exclusive license, giving it a three-year first-mover advantage over its competitors.
Henghui is already figuring out how to make the most of these precious three years to expand aggressively, capture as much market share as possible, and achieve economies of scale.
Having led the pack for a full three years, Henghui is confident that it can leverage these three years to become the industry leader.
……
That afternoon, both parties officially signed a cooperation agreement, which mainly consisted of three points.
First, Henghui will bear the construction and operation costs of the pilot production line, while DeepBlue Technology will provide technical support.
Second, the contract purchase price is quoted at 200 yuan per ton of plastic waste, with a total amount of 10 billion yuan, which means that the annual processing capacity can reach 500 million tons.
Third, after the project is launched and commercialized, Henghui Group will obtain a three-year exclusive authorization cooperation.
Without a doubt, Henghui Group, having signed this cooperation agreement, will absolutely work incredibly hard to promote the industrialization and commercialization of the "plastic-eating bacteria" project.
It is better to implement it as soon as possible, as this will not only reduce the number of years of "tribute" but also allow funds to be recovered quickly.
Early commercialization would benefit both parties; DeepBlue Technology could expand its revenue, and Henghui Group could mitigate potential risks and accelerate its expansion as soon as possible.
"Mr. Lin, it's a pleasure doing business with you!"
"It's a pleasure working with you."
At that moment, Lin Chuan shook hands with Zhou Chengyue.
The signing ceremony was simple, with only a few people from Henghui and a few people from DeepBlue Technology.
Lin Yuan and Zhou Chengyue each signed the agreement, exchanged them, and then signed it again.
Zhou Chengyue picked up the contract with satisfaction and took his leave. For Henghui Group, signing this agreement meant that it could stay out of the major industry reshuffle in the future and turn crisis into opportunity.
……
DeepBlue Technology, conference room.
Zhang Wei examined the contract repeatedly, his face filled with shock. "I don't understand it at all, but I'm utterly astonished," he said. "How could a leading company like Henghui, a giant in the industry, agree to sign such a deal?"
Si Mingche exclaimed in amazement, "He's simply a great philanthropist..."
Lin Chuan smiled but didn't say anything. He hadn't explained the specific details of the game with Henghui to Zhang Wei and the others, so they found it unbelievable.
From any perspective, DeepBlue Technology has gained the most from this cooperation agreement.
Without knowing the details, judging solely from the content of the agreement, Henghui Group is indeed an exceptionally philanthropic company.
In reality, Henghui Group is by no means a great philanthropist.
The reason they signed this cooperation agreement was because they misjudged Deep Blue Technology, believing that they were at a disadvantage or weaker position, and that Deep Blue Technology had powerful backers and terrifying influence. They were simply intimidated.
If they believe that DeepBlue Technology is just a startup with no background, then it's a different story.
A more likely scenario is that they will launch a manhunt against Lin Chuan and Deep Blue Technology.
Finally, Lin Chuan looked at everyone and smiled, saying, "According to the agreement, Henghui Group will transfer this year's 1 billion yuan to the company's account in advance around May."
Everyone was also very excited. DeepBlue Technology has only been established for 10 months so far.
The company became profitable in less than a year.
This is far more powerful than Skyworth Technology back then, and the profit margin of this business is simply explosive.
The cost of processing plastic waste using the plastic-eating microbial community solution is only 30 yuan per ton, while the price offered to Henghui Group is 200 yuan. Of the 10 billion yuan, 8.5 million yuan is the total profit.
The cost profit margin reached 566.67%, and the sales profit margin reached 85%.
After deducting income tax and other taxes, the technology company enjoys tax breaks, resulting in a net profit of 7.22 million.
It easily surpasses Skyworth Technology. Skyworth's peak valuation was only 7 million yuan, while DeepBlue Technology's absolute net profit from this one business in just one year exceeded Skyworth's peak valuation.
The figures are similar, both around 7 million, but their intrinsic value is worlds apart.
One is valuation, the other is real money.
Lin Chuan continued, "I've decided that once this money arrives, we will begin DeepBlue Technology's first profit distribution."
Upon hearing this, Zhang Wei, Cheng Siyuan, and the others were all taken aback.
Lin Chuan's decision clearly surprised them. Zhang Wei looked at him and said, "Boss, you're already splitting the profits? That's not like you..."
Guo Tao, who was standing next to him, nodded and said, "Back when you were at Skyworth, you were a staunch opponent of profit sharing."
Upon hearing this, Lin Chuan looked at everyone and said, "The situations are different, so how can we generalize? When I was at Skyworth, I opposed profit sharing because the profits were not high and there wasn't enough funding for research and development. If we shared profits, there would be no money for research and development, so I opposed it."
Lin Chuan continued, "The reason we are distributing dividends now is because the new business is generating explosive profits, and the annual revenue will be at least 10 billion yuan for the next few years. We don't lack R&D funds, so distributing dividends will not affect the company's development."
In fact, the main reason for deciding to distribute dividends at this time was to prevent Henghui from having any concerns.
Besides Lin Chuan, only Jiang Miaolan knew about this.
However, there's nothing wrong with what he said. When he was at Skyworth Technology, what he opposed was never the dividends themselves, but rather that the timing was not right and that dividends would affect the company's development and growth.
……
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