Super Tycoon

Changchun Caijing, a newly established Sino-foreign joint venture company, currently only has one framework.

This is a company established by Mitsui \u0026 Co., Ltd., and the current committed shareholders include Mitsui \u0026 Co., Marubeni Corporation, Sanyo Electric, IBM, Toyuki and DTI.

DTI is also a company that can produce CPUs. It was originally established as a joint venture between Dongzhi and IBM. At first, it only produced CPUs for notebooks.

However, CPU-related technologies have been divided by two companies, and IBM currently occupies the bulk. It is also due to the transformation of this enterprise that Dongzhi's notebook business will continue to decline in the future, and the profit margin will drop too much.

Both companies wanted to maximize the benefits of DTI's assets, so they planned to sell some of their technologies and production lines directly. After searching for a long time, they found Mitsui \u0026 Co. Depreciating assets are sold or turned into appreciation assets.

Mitsui \u0026 Co., Ltd. is a subsidiary of the Mitsui Consortium, the world's top consortium, and its customers include most of the world's top 500 companies. A lot of their investments are for long-term interests. This time, they chose to cooperate with Huaxia's enterprises for long-term interests.

Use the markets of China and island countries to encircle South Korea's LCD panel market and prevent South Korean companies from developing.

It's a pity that several companies such as Mitsui \u0026 Co., Ltd. are unwilling to invest too much money. What they want to show is technology and obsolete production lines, hoping that Huaxia will pay a large amount of cash.

It just so happens that Huaxia also hopes to be able to hold a controlling stake. It doesn't want this joint venture to become a factory for the island company to siphon money in the mainland, but Changchun can't get the money out.

The above-mentioned Ninth Five-Year Plan does not include the electronics industry, so there is no such budget, and there will be no appropriation investment. After all, Changchun needs too much money, and it is said that the first phase will cost one billion RMB.

It seems that this is not much. Zhiduoxing Group estimates that to be a large-scale LCD company, the budget needs to be one billion US dollars.

However, raw materials, auxiliary materials, etc. must be purchased from companies such as Dongzhi and Sanyo. This is completely a production factory, and most of the profits are made by the island company.

But this is also an excellent opportunity for Changchun. There is a subsidiary of Zhiduoxing Group in the ice city next door, and further north is the headquarters of Zhiduoxing Group, Lianxiang Group, Jinyuanjian, and many electronic companies.

Here in Changchun, there is no decent electronics company. If you look at the Zhiduoxing Group, the market capitalization is about 19 billion U.S. dollars. It is said that it will definitely exceed 20 billion U.S. dollars next year, which shows how big the market for the electronics industry is.

They took this as the key project of the whole province this year, and it is also the key project of the Ninth Five-Year Plan. For this reason, the government also cut down on food and clothing, hoping to have funds to operate this project, but it is still a lot short.

At this time, someone proposed a plan, we have no money, we can go public to raise funds. Create a shell company, inject assets into it, and then issue 100 million shares, one share costs ten yuan, wouldn't there be a billion yuan in funds?

Look at the Zhiduoxing Group, which costs 30 dollars a share. Isn't there a lot of people rushing to buy it? It is said that the number of shares issued by others is 200 million shares. We only need half the amount, and the price is so much cheaper. Someone must buy it.

In addition to Changchun Electronics' investment in Changchun, Zheng Fu also specially set up a company called Tonghai Hi-Tech, and issued an announcement to the outside world.

At this time, Liu Chuanzhi had such a notice in his hand.

The total investment is expected to be 1.32 billion RMB. After it is put into production, the annual sales will reach 1.44 billion RMB and the profit will be 290 million RMB?

The profit margin is over 20%, isn't this nonsense!

That's right, there are indeed many LCD manufacturers at this time that can achieve 20% profit, but they are all companies from island countries. They have good technology, low production costs, and high sales. In the early years, island countries dominated the LCD global market Among them, the share was once as high as 94%!

Even now, it has exceeded 60%. There are more than a dozen companies in the island country doing this, many of which are among the top 500 in the world.

Changchun Caijing got a second-hand production line. Even if it is not backward in technology, it claims to be able to produce all specifications of LCDs from 5 to 16.1 inches. In fact, the production line can only produce 10.4 and 16.1. If you want to produce others, you have to Order new lines.

These two types are mainly aimed at notebook computers and monitor monitors. What is mentioned above are handheld computers, videophones, satellite positioning, vehicle LCD screens, etc. There are few companies in China that produce related products, so how can they order you? LCD panel?

It is not competitive at all to sell it abroad.

"Yuan Qing, look at this announcement, do you think this company is worth investing in?"

Vice President Yang Yuanqing took the information and quickly frowned: "Chairman, the data written on it is not quite right, they can't have such a high profit."

"And their current capital scale is extremely low. How did they get so much money? IPO, are they going to issue 100% of the outstanding shares?"

"So you think this company's IPO will definitely fail?" Liu Chuanzhi asked with a smile.

"Definitely. Listing in our mainland requires a certain amount of operating income, profit, and the number of shareholders, etc. It is impossible for them to pass the review of the issuance amount and the proposed price."

The listing of this company will become high-risk, and it will be a complete misappropriation of money. If this can also pass the review, then Huaxia's listed companies can double by ten times, and the stock market will soon be green.

"Then do you think their technology is worth the investment?"

"Well, it seems to be okay. In domestic research on LCD technology, one is the Electronics Research Institute in Changchun and the other is the Electronics Research Institute in Hankou. We have also contacted it before, but they require too much money, and we cannot afford to invest."

"It's the same this time. One billion RMB is just the beginning. We have to invest some research and development costs to make the LCD panel screen bigger. These technologies are not available, and the raw materials are not available in China. We need to import them. Our company's current funds not enough."

If it's just a shareholding and has no right to speak, handing it over to Chang Chuncaijing's group will definitely be cheated. They don't have enough understanding of the application prospects of the products, and they don't have enough understanding of the development of technology. Now the production of those two specifications will lead to losses within a few years.

"What if there is another major shareholder? This major shareholder has more funds. As the second shareholder, we jointly control the board of directors. Do you think it is feasible?"

"There is also a major shareholder, can you believe it? If we are tricked by the other party, then the company's external expansion will definitely be delayed. We will deploy directly-operated stores across the country this year." Yang Yuanqing reminded.

"I believe him, and you will too, because this company is Zhi Duoxing Group, and their president Zhang Yang came to talk to me personally."

"Since you also think it is feasible, then we will hold a board meeting tomorrow and we will vote on it."