Chapter 1230 [Thats because the stars didnt really exert their force!]
At this moment, Fang Hong has been at the Xingyu Technology headquarters for almost an hour, and has a general understanding of the company's layout progress in the new energy vehicle business. Qin Feng's business layout in this area is very strategic at a strategic level.
It was accurate and in line with Fang Hong's requirements. He had nothing to guide him and just let Qin Feng lead the team.
What is certain is that Xingyu Technology’s new energy vehicles are unlikely to be launched within this year, and the first product may not be launched next year.
As the head of the company, Qin Feng is very confident. In the automotive circle, he does not think that new car-making forces are the future competitors of Xingyu Technology. He also does not think that major traditional car companies are in the field of new energy vehicles.
Yu Technology's future rivals. In the past year, he has studied major automobile manufacturers, whether domestic or foreign, and Qin Feng feels that only BYD will be a strong competitor.
But he is confident but not arrogant at the same time, and he also has an attitude of awe towards this industry, so Qin Feng is not in a hurry to launch products, and follows the fastest way of thinking: taking his time is the fastest way.
If you really want to recommend it, Xingyu Technology can still recommend it now, but it will appear very mediocre.
If it is a start-up new energy vehicle company, it will definitely be regarded as a potential stock by the market, will be more tolerant, and will even receive many praises.
But you are Xingyu Technology, the high-tech giant that developed the STAR series of smartphones and once rubbed Apple's iPhone series mobile phones on the ground, so that the other party had to resort to off-market moves to suppress you, becoming
It has become the brand name of domestic technology giants and is synonymous with high technology.
Once a new product is launched, not only will the market attract a lot of attention, but it will also be treated with extremely high psychological expectations, and it will also be more stringent. If the final conclusion is mediocre, it will disappoint people and attract countless cynicism.
.
Small things are good, big things are difficult.
Qin Feng knows that Xingyu Technology now has too many high hopes from consumers, especially those who are die-hard fans. It also has too many high hopes from the Chinese people, which also means more stringent requirements.
The resounding brand name of Xingyu Technology cannot be smashed. So many people are paying attention to its cross-border car manufacturing business. There are also many people inside and outside the industry who want to see Xingyu Technology’s jokes. As the leader, Qin Feng also has a clear mind.
understanding.
The first product must not be rushed to the shelves. A few years' delay is not a big problem. As long as the product itself can withstand the test of the market, it can soar into the sky as soon as it is launched.
Finally, Qin Feng looked at Fang Hong: "One more thing, the company's capital chain may be a little tight this year..."
Fang Hong said without much thought: "Then let's borrow money and issue corporate bonds. How big is the funding gap?"
Qin Feng immediately replied: "About 30 billion."
Fang Hong nodded and said: "It's a lot but not too much. Issuing corporate bonds and borrowing this money from the market, if no one buys Qunxing, you will be covered."
It is appropriate to say that there is a big BOSS. Xingyu Technology is going to issue corporate bonds. You don’t need to think that they must be 3A-level corporate bonds. Ordinary retail investors cannot buy them. They will be digested directly among large institutions.
Various institutions will rush to lend money to Xingyu Technology.
Because everyone knows and firmly believes that Xingyu Technology cannot default, not to mention that there is the big daddy of Star Capital behind it, this transaction is a sure profit without loss.
Fang Hong did not let Qunxing Capital directly provide funds for Xingyu Technology. Instead, he asked Qin Feng to borrow money from the market. What did Qunxing provide? Of course it is credit support. With your guarantee and credit endorsement, they can put 10,000
The heart lends money.
For today's Qunxing Capital, 30 billion in funds can be withdrawn at any time without any pressure.
However, Fang Hong always adheres to the principle that if you can use other people's money to do your own things, try not to use your own money first. Since you can give others a sip of soup and make more friends, having your own money in your hands means that you have the ability to protect yourself.
exist.
Xingyu Technology's profitability is actually not weak at all. Although its performance in 2016 did not maintain a strong growth momentum, it still maintained positive growth. The company's revenue last year was 821.556 billion yuan, a year-on-year increase of 5.98%
, net profit was 52.212 billion yuan, a year-on-year increase of 12.26%, and the net profit margin was 6.35 percentage points.
As a leading high-tech company, the net profit margin is low, and Apple's profits far exceed those of Xingyu Technology.
But the scale of revenue exceeding 800 billion is an astronomical figure. Where does so much revenue go? In addition to the daily operating expenses of the company itself, the increased expenditure includes the introduction of after-sales services. In order to retain those old users, after-sales is
A lot of money was invested.
Then the largest expenditure item is R&D investment. The main reason for the rapidly soaring R&D expenses is to enter the field of new energy vehicles and add a gold-eating beast. In addition, there is continuous investment in the mobile phone business and investment in chips.
Continuation bets, etc.
Especially in the past two years, Xingyu Technology's R&D investment has soared significantly. In 2016, Xingyu Technology's total R&D investment reached an astonishing 322.1 billion yuan, accounting for 39% of the company's revenue.
Whether looking at the national or global scale, R&D accounts for 39% of revenue, which is unmatched and no other technology company can compare with it.
The absolute scale of R&D investment is quite exaggerated. In 2016, Xingyu Technology ranked first in R&D investment among global companies, and it was the second largest company.
In comparison, Apple's investment in R&D in the same year was approximately 55.6 billion yuan converted into RMB, excluding exchange rate changes, which was only equivalent to about 17% of Xingyu Technology's R&D investment in the same period.
This is also an important factor why Apple still regards Xingyu Technology as its most threatening opponent until now. Although it is not that the more money you spend, the more results you will produce, but if you spend enough money, the results will be greater.
The probability of results must be greater, there is no doubt about this.
This chapter is not finished yet, please click the next page to continue reading the exciting content! Large capital investment means more trial and error costs to a certain extent. Your funds can only support you to trial and error once or twice, and I
There can be more than a dozen trials and errors, and to say the least, the probability of a blind cat encountering a dead mouse will be greatly increased.
Faced with Xingyu Technology's frenzied persistence in advancing technology, as its competitor, everyone would be upset.
But at this moment, Fang Hong looked at Qin Feng and asked: "Is there still a gap in funds for next year?"
Hearing this, Qin Feng said in a deep voice: "It's hard to say now. Whether there will be a funding gap next year mainly depends on whether the VR headset terminal equipment launched this year can bring new performance growth points to the company. To put it bluntly, it depends on whether
Whether the sales are good or not, if the sales are good, it can offset next year's investment budget."
The increased budget is still spent on R&D investment. Xingyu Technology’s R&D funding is still growing, and the main growth item is new energy vehicles.
After a while, Qin Feng added: "Whether the head-mounted display terminal sells well depends on whether the content desert problem can be solved."
Fang Hong said with a smile: "Matrix Quantum will not let go. I have already said hello to Chen Yu. It won't be long before his second-generation AI large model will be open source. In addition, the game box will follow
As we continue to develop head-mounted display clients, many game companies acquired by Stellaris will also launch VR versions of their games, such as "Minecraft" and other well-known games. All games suitable for head-mounted display terminals will be available to me."
Fang Hong paused for a moment and said with a confident smile: "Yixing Video is also following up to develop clients and related applications to provide film and television content for your head-mounted display device, including WeChat payment.
and provide support for the trading system. Haha, no content? Content desert? That’s because the stars have not really exerted their strength. The stars can quickly create an oasis on top of this desert."
