Currently, there are two important issues facing Changtian Technology, one is the talent issue and the other is the money issue.
Changtian Technology already has a corresponding solution to the first problem.
In addition to setting up colleges and universities in Jiangzhou Science and Technology New Zone and Changzezhou in Suzhou and Hangzhou to cultivate talents themselves, the most important thing is to recruit talents from around the world.
At present, Changtian Technology has released the news and is preparing to build and produce 65nm lithography machines and related equipment.
This call is quite powerful.
Especially those overseas students from Xia who are unknown in OMI laboratories and do not get important jobs, or scientific researchers from Eastern Europe or Russia who are discriminated against by OMI, can completely work at Changtian Technology with peace of mind.
In addition to the salary offered by Changtian Technology is much higher than that of some laboratories in the United States, the most important thing is that everyone who works at Changtian Technology will feel a sense of accomplishment in the field of scientific research.
Of course, Chen Xiao will develop a strict identity verification system and work confidentiality system to prevent technology leakage.
It takes time to cultivate talents yourself. Even if you start recruiting students now, it will take at least two or three years before the talents are mature.
Therefore, the best way to solve talent problems at present is to openly recruit from the society.
The second problem is also a money problem.
Chen Xiao thought of two solutions to the money problem.
The first is to make arrangements as soon as possible to allow Yuedong Internet to go public and raise funds.
Yuedong Internet has been preparing for its listing since the beginning of last year, and it should have completed the final listing work recently.
Completing the layout of the entire chip production chain, especially the R&D and production of photolithography machines, will require at least 2 billion RMB.
2 billion RMB, it is absolutely unrealistic to rely on Changtian Technology to use all its existing cash or rely on state subsidies.
Changtian Technology's cash is the foundation for the company to prevent and control risks. It not only ensures the company's daily operations, but also prepares for the worst for the company and the industry chain after failure.
It is possible to get hundreds of millions of subsidies from the state. If you want the state to subsidize 20 to 30 billion in one breath, this is absolutely impossible for any company.
Then listing Yuedong Internet and raising funds in the market is the best way.
Which requires some little tips on setting up some finances.
This kind of financial trick is, on the one hand, to ensure Changtian Technology's shareholding in the high-tech field, and on the other hand, to allow market funds to flow smoothly into the reservoir of Changtian Technology's research and development chips.
For example, when it goes public, the business scope of Yuedong Internet will be expanded to include chip equipment and product production.
This is of course not for Yuedong Internet to invest in the chip department of Changtian Technology in the name of a subsidiary to obtain the shares of Changtian Technology, but to invest in the chip equipment research and development and chip production of Changtian Technology by borrowing money. Changtian Technology will then
Interest will be given to Yuedong Internet based on annualized profits.
In this way, Yuedong Internet cannot get any shares in the key chip field.
The most important reason why Chen Xiao carefully designed the listing conditions and business scope of Internet is that the number of shareholders of Yuedong Internet is relatively mixed.
Although Yuedong Internet is a subsidiary of Changtian Technology, and Changtian Technology also holds more than 50% of the shares, Yuedong Internet also has overseas investors (IDG, etc.).
Regarding the equity of core technology, Chen Xiao does not want to share it with any foreign investors at all.
This method is the safest and the fastest way to get funds.
The second way is to promote combined colony therapy around the world as soon as possible and obtain a large amount of cash through commercial treatment.
When are you willing to spend money?
For most people, you may be reluctant to buy clothes or food, and you may even suppress your desires when entertaining.
But when you encounter a situation, you have to spend money, and you have to spend it willingly.
That is when you are seriously ill and in urgent need of treatment.
Because at this time you have to pay. If you don't pay, you will face death.
There is only one life for a person, and it is only this once and cannot be repeated.
And when the money is gone, you can make it again.
So under normal circumstances, most of your life savings will be contributed to the hospital.
This law is applicable to any country in the world.
Of course, those who give up their lives for the sake of their family and children and are unwilling to spend money on treatment are no longer considered.
The medical industry is hugely profitable all over the world.
It's just that Xia State has relatively good basic medical care, so as long as you are not seriously ill or terminally ill, you will not feel the pain of medical treatment.
But in most countries in the West, even countries in Europe or the United States with relatively developed medical insurance.
Important medical treatments related to life and death are also specially provided for the rich.
To describe it in very simple terms, if you have money you can survive, if you don’t have money you will die.
According to the Changtian Science and Technology Medical Center, the population base of lung diseases in the world is very large, and most of them are fatal.
Chen Xiao is ready to promote joint entry therapy to the world. As long as you have money, you can get treatment, and Changtian Technology guarantees to cure you.
In the medical field, this is an absolute monopoly.
And there is no monopoly that can be sanctioned by any law abroad.
Fortunately, China is preparing to make combined colony therapy covered by medical insurance, thereby reducing the burden on patients in Xiaguo.
Even if it will take a long time for this treatment method to be included in medical insurance, Changtian Technology will reduce the costs borne by Xiaguo patients through medical subsidies or medical funds.
Nothing in this world is fair or equal.
Changtian Technology aims to help domestic patients while charging high treatment fees for foreign patients.
Chen Xiao never thought that he was God or a savior.
For foreign patients, if you have a serious lung disease and want to survive, you have to spend money. If you don’t have money, it’s embarrassing.
After formulating relevant policies, Chen Xiao can immediately hold a high-level meeting to lay out the company's next work.
The executives of Changtian Technology know that the company is currently racing against time. If Changtian Technology is the first to mass-produce and popularize 65-nanometer chips, it will definitely establish Changtian Technology as a global technology leader and greatly expand Changtian Technology.
The strategic space of Tian Technology.
The top management of the company took action one after another.
Zhou Linghua was in Suhang and Jiangzhou respectively to supervise the completion of science and technology parks, as well as the construction of schools and hospitals.
Wang Xiang traveled between Jiangzhou and Shenzhen to prepare for the final preparations for the listing of Yuedong Internet.
Chen Xiao clearly felt that Changtian Technology was really short of manpower.
Therefore, when Wang Xiang was preparing for the listing of Yuedong Internet, Chen Xiao not only asked a third-party firm for help, but also asked Wen Qi to participate.
Although Wen Qi is a graduate student at Jiangzhou University, her knowledge reserve and practical ability have been greatly improved compared to when she just graduated from university.
Wen Qi also actively participated in the annual financial audit of Changtian Technology in 2004, so she had a clear understanding of the company's overall profile, especially its financial status.
This time Chen Xiao asked Wenqi to follow Wang Xiang in preparing for the listing of Yuedong Internet. In addition to asking Wenqi to help, the most important thing was to cultivate reserve talents for Changtian Technology.
Sister Wang has already resigned from Chen Xiao. After she finishes her work in 2005, she will go home to take care of her grandchildren.
Chen Xiao is still very grateful to Sister Wang for her contribution over the years.
Sister Wang has paid so much for the company and has received the rewards she deserves. In addition to being financially comfortable, the most important thing is that she has received great spiritual satisfaction.
65-year-old Sister Wang requested to retire and go home, which Chen Xiao could understand.
Although there are many financial talents, there are not many people who reassure Chen Xiao.
Shen Wei is far away in Yanjing and can't help much at the moment. The only person who can be useful is Wen Qi.
Wen Qi was indeed very serious about her work. She immediately cooperated with the firm to sort out the financial situation of Yuedong Internet, a subsidiary of Changtian Technology, in recent years, and submitted the information to Chen Xiao.
Chen Xiao looked at the report materials handed over by Wen Qi, while Wen Qi reported on the work.
Wen Qi already has a very clear understanding of all the economic conditions and business scope of Yuedong Internet, so there is no need to read the materials.
"Yuedong Internet currently operates SuiChat, 11181 website, Internet cafe manager, portable blog and other businesses, and has developed many games such as Glorious Mission and Elf Island."
"Before the IPO, Changtian Technology owned 72.5% of the shares (20% of the shares were in the option pool), Baidu owned 12.75% of the shares, and IDG owned 14.75%. Among the used option pools, the company's high
Guan Wangxiang holds 5%, Zhou Linghua 3.5%, Sun Dong 2%, Gao Miao 1%, and the remaining 1% is held by outstanding employees of the company."
"The current general manager of the company is Sun Dong, with an annual salary of 700,000 RMB. The annual salary of other senior executives is 500,000 RMB. The average annual salary of the company is 150,000 RMB."
"Among all Internet companies preparing for IPOs, our senior executives are at a relatively low level, but the average salary per capita is at a relatively high level."
Chen Xiao nodded, there was nothing wrong with the report Wen Qi gave.
In 2005, the average annual salary per person in Jiangzhou City was only about 17,000. Changtian Technology's Yuedong Internet was able to offer its employees an annual salary of 150,000, which is already a very scary level.
It is also true that the annual salary of senior executives is low.
After all, Changtian Technology is different from other companies. The ultimate goal of executives of other companies is to make money through IPO, so the executives will definitely find ways to get high salaries and quickly sell their shares to cash out after being listed.
The IPO of Changtian Technology is just the starting point. The purpose is to truly raise funds from the society and use the cash for scientific research.
The annual salary of senior executives is low, and Chen Xiao also feels that there is no need to deliberately change this matter, because the real profits of Yuedong Internet's senior executives do not come from the annual salary but from the annual dividends.
Wenqi continued to report: "The profit of Yuedong Internet was 320 million RMB in 2001, 570 million RMB in 2002, 650 million RMB in 2003, and 830 million RMB in 2004, with increases of 178.12%, 114%, and 127.69% respectively... The company
Its operating conditions comply with all IPO regulations.”
"Our IPO was actually proposed last year and has been approved by the Shenzhen Stock Exchange. The final approved listing price is 5.34 yuan, the total share capital is 2 billion shares, the total market value is 10.68 billion, and the price-earnings ratio is 12.68 (please help me check it out)
Is the price-to-earning ratio calculation wrong? [The formula is the market price per share of common stock ÷ annual earnings per share of common stock])”
This price-to-earnings ratio is not high for Internet technology companies.
When Wen Qi read this number, she swallowed.
Changtian Technology's performance is very good, because even a small subsidiary of Changtian Technology performs so well.
The annual net profit reaches more than 800 million yuan, and the total market value is 10.6 billion, which is not much at all.
"Since our additional issuance of outstanding shares this time is 10%, there will be some dilution of equity."
"Among them, there are 200 million shares in circulation, with a market value of 1.068 billion RMB, which means we can raise 1.068 billion yuan."
Chen Xiao nodded. He had been preparing the listing plan for a year, and now he was finally just a step away.
Chen Xiao said: "No problem, prepare to go public."
In fact, Chen Xiao still had some regrets at this time. He himself wanted to be a full-flow stock.
That is to say, all 2 billion shares will be listed and circulated.
In this case, Chen Xiao can obtain more funds by reducing his holdings.
However, Changtian Technology is currently the most powerful technology company in Xia State, and Changtian Technology itself will not be listed on the market.
Therefore, as a subsidiary of Changtian Technology, Yuedong Internet, this listing will definitely be favored by the market.
That is to say, in the eyes of many investors, buying Yuedong Internet is not just buying the stock of Yuedong Internet, but buying the future development of Changtian Technology.
How awesome is Changtian Technology?
If you own a technology product that is a global monopoly, buying the stocks of this company will basically make you rich with your eyes closed.
This is the beauty of unicorn companies.
Therefore, only 10% of the circulating shares are conducive to the company's continued development. When Changtian Technology needs to refinance in the future, it can completely expand its shares again. At that time, the stock price will not be more than five yuan from the issue price.
But it's pretty good so far.
Changtian Technology can also raise the remaining 1 billion yuan through bank financing, issuance of convertible bonds, and government technology subsidies.
In other words, we have enough money to develop and produce photolithography machines and chips.
Chen Xiao joked: "Baidu and IDG, which hold more than 10% of the shares, are going to make a fortune now."
In fact, it is right for Baidu and IDG to get rich. After all, these two companies supported Chen Xiao when she needed funds the most.
Chen Xiao also made a simple estimate.
Penguin just went public last year, with a total market value of HK$7.2 billion.
This year, Yuedong Internet Supermarket, a subsidiary of Changtian Technology, has a total market value of 10.6 billion RMB.
In fact, the difference in market value between the two parties is not large.
But Chen Xiao was a little confused.
Because before the other rebirth, BAT was the three Internet giants that Xia Guoguo technology companies could not surpass.
Unexpectedly, in 2005, after his rebirth, one of his subsidiaries would surpass Penguin. What a magical era it was.
After Wen Qi handed the information to Chen Xiao for signature, she immediately took it to prepare for the subsequent listing.
It has been a full year since I applied for an IPO at the beginning of last year, and all the procedures on the Shenzhen Stock Exchange have finally been completed.
On September 5, 2005, Yuedong Internet went public.