Seeing that the Shangzhi Index was heading towards 2800 points, Li Mu came to Huaxin Securities early on Wednesday to officially close his position.
From the opening of the market at 9:30 in the morning to 11:00 in the morning, for one and a half hours, because the market fell badly enough, especially the stocks that Li Mu chose to borrow, they were all companies that had risen inflated in the bull market.
Many market values have shrunk several times.
The stock worth 500 million yuan more than two months ago was repurchased today, more than two months later, for only 900 million yuan.
After more than two months of back and forth, the net difference was 860 million.
After returning the stocks to CEFC Securities, closing the position, and paying more than 20 million in interest, Li Mu's short-selling operation officially ended.
The net profit is as high as 400 million yuan. If you add in the 500 million yuan in cash pledged in securities companies, Li Mu now has as much as 400 million yuan in cash.
He has made a rough plan for these funds, leaving 500 million in CEFC Securities, adding twice the leverage, a total of 1.5 billion funds, and going long Moutai, Ping An and real estate stocks.
Moutai has now fallen to 175 yuan per share, and Ping An has also fallen miserably. It is one of the few high-growth stocks in the world that is consistent with reality.
In terms of real estate, this world is also very similar to the real world. If there are no accidents, real estate stocks will also experience a surge in the future.
In the future, the richest man in China will be the Internet tycoon and the real estate tycoon taking turns.
Li Mu will no longer pay attention to the future stock market conditions. He will just make quick money. Maybe in a year or half a year, he will withdraw this money from the stock market and inject it into Yuandian Technology to accelerate the company's development and push it up.
Valuation.
When the valuation is high, you don’t have to spend your own money. Open up financing, attract major institutions to enter the market, and work together to make Yuandian Technology bigger.
This is Li Mu’s initial idea about Yuandian Technology’s financing, and he will probably do the same in the future.
With 400 million in cash left, Li Mu plans to inject 600 million into Origin Technology to provide ammunition support for the company's subsequent rapid development.
There is still 400 million left in my hand as pocket money and emergency reserves. Of course, I can also take advantage of it when I encounter suitable speculation opportunities.
…
I had a meal at Huaxin Securities at noon, and continued to deal with the delivery of funds and stocks in the afternoon. When everything was almost busy, I saw a familiar figure in the VIP room in the distance.
Li Mu recognized it and found that it was Qu Xiaoxiao's father, who was having a pleasant conversation with a department manager from Huaxin Securities.
I wonder what he is doing here?
He didn't come forward to say hello, there was no need. The two parties were not familiar enough, and he had something to deal with.
What Li Mu didn't expect was that more than ten minutes later, he passed by here again, and Qu's father also recognized him, but with the same attitude as him, he didn't come forward to say hello.
However, a department manager from Huaxin who was discussing business with Qu's father followed his gaze and saw Li Mu, with a flash of surprise in his eyes.
He said something that shocked Qu's father.
"Mr. Qu, do you know Mr. Li?"
"Mr. Li?" Qu's father is also a well-informed person. It is not easy for Manager Wang in front of him to address Mr. Li in such a solemn tone.
Qu's father was surprised and asked: "Is the Mr. Li you are talking about Li Mu?"
Manager Wang thought: "It's Mr. Li Mu. I saw you staring at him just now. I guess you may know him."
Qu's father asked curiously: "He is from your company..."
Manager Wang said: "Big customers, core big customers."
Qu's father was a little surprised. Those who could be called core customers of Huaxin were not ordinary people. In addition to being shocked, it also aroused his curiosity.
He moved closer and asked in a low voice: "Mr. Wang, we are also acquaintances. Mr. Li Mu and my daughter are good friends. Can you be more careful?"
Manager Wang glanced at him meaningfully and praised: "Mr. Qu, you are so lucky to have a good daughter."
Then he said in a low voice: "Mr. Li is our core major customer. The specific information is confidential and we cannot go into too much detail."
"But, in the past one or two months, he has become a legend recognized within our CEFC Securities."
Qu's father became even more curious: "How do you say it?"
Manager Wang did not answer directly, but asked: "Mr. Qu, how many bonds does your company plan to issue this time?"
Qu’s father came to Huaxin Securities this time to raise funds through the company’s bond issuance. In China, the interest rate on loans is too high, and it is also greatly affected by bank factors. Many companies of a certain scale will issue bonds.
The interest rate is much lower, the funds are relatively stable, and there is no risk of banks withdrawing loans in advance.
This is an excellent choice for many companies, and major securities companies also have corresponding businesses.
Qu's father said: "The stock market has been in a downturn recently, and the market is not doing well either. Not only is the interest rate high, but it is also becoming more and more difficult to get loans from banks. I plan to issue more corporate bonds, totaling about more than 200 million."
Manager Wang said mysteriously: "You also know the recent financial market trends. How many people have lost their money, but there are also people who bucked the trend."
"For example, Mr. Li, his latest net profit is four times the total amount of your bond issuance. Even we at CEFC rarely encounter such powerful customers."
Qu's father was really shocked this time. He made eight to nine billion in one go, which was obviously beyond his imagination.
Although the Qu family is rich and has total assets of several billion, domestic companies that don't talk about liabilities and only talk about total assets are all rogues.
For example, a domestic real estate company has total assets of RMB 1 trillion, but net assets may only be RMB 100 billion, and the rest are loans and liabilities.
The same is true for the Qu family. Although it has total assets of several billion on the surface, excluding liabilities, its net assets are only just over one billion.
If you want to package it up and sell it, the valuation will shrink, and you won’t be able to sell it for even one billion.
The amount of money Li Mu earned was almost equivalent to the entire Qu family's property. How could Qu's father not be shocked?
A few days ago, although he had a good impression of Li Mu and thought he was an outstanding young man, he was just an outstanding young man, and he still placed him in the position of a junior and a junior in his heart.
Now, he suddenly realized that this person might be much more powerful than him, and he was someone he needed to talk to as his peers and even look up to.
When he realized this, he suddenly felt that he needed to make friends with such a rare and powerful person. No matter from any aspect, there were only advantages and no disadvantages.
As for his relationship with Qu Xiaoxiao, Qu's father was very confident a few days ago, but now he suddenly loses confidence. Can others like his unlearned daughter?
Just let nature take its course.
After talking to Manager Wang about the bond issuance for a while, he once again saw Li Mu passing by from a distance. Qu's father got up and apologized, intending to go over and say hello.