The market stood above 3,000 points for only one day last Wednesday before falling. In the A-share market today, the Shanghai Stock Index plummeted by nearly 3 percentage points during the intraday flash crash, reaching the lowest point of 2,850.95 points.
The news of the market collapse brought the market down.
However, it was just after the decline reached this point that it began to rebound in the afternoon, and the index decline continued to narrow.
As of the close, the Shanghai Stock Exchange Index closed down -1.41%, closing at 2896.26 points. The daily K-line showed a golden needle probing the bottom, and it was a second retracement of the previous low. Judging from today's K-line, there is still a lot of pressure near 2850 points.
Strong support.
…
The next morning, I stayed in the villa quietly.
A visitor came today, and it was none other than Chu Changxing, the founder of Kunpeng Technology.
At this moment, he was talking to Fang Hong in the large living room on the first floor of the villa. Chu Changxing said excitedly: "K God's original investment of 10 million not only allowed Kunpeng Technology to survive, but also achieved greater success than our team
The predictions will be significantly higher than expected.”
Chu Changxing continued: "Kunpeng Technology's first-generation commercial drone has been on the market for five months since its launch in mid-October last year, and its cumulative sales have exceeded 750,000 units, 758,600 units to be exact."
Hearing this, Fang Hong couldn't help but nodded and smiled: "Not bad."
Seeing the boss's calm and calm look, Chu Changxing secretly sighed that he was worthy of being a boss, he was just calm.
Yes, he is worth tens of billions and is left there.
Today, Kunpeng Technology is still a new player in the commercial drone market, and is regarded as the number one rival by DJI. The first-generation product sold more than 750,000 units within five months of its launch, with an average monthly sales of more than 15 million units.
Thousands of units.
Moreover, sales are still soaring.
Such achievements have not only made DJI feel the impetus of Kunpeng Technology, but have also attracted the attention of many capital institutions.
The first-generation commercial drone launched by Kunpeng Technology is the industry's first pre-assembled quadcopter that is ready to take off at any time. It can take off within an hour after unboxing, and will not disintegrate after the first fall. It is also a
It has everything you need for a drone: software, propellers, brackets, gimbals and remote controls.
Simplicity and ease of use are one of the two reasons why this product has been sought after by the market since its launch. Another factor is that the price of this product is only 3,599 yuan, which is about 547 US dollars excluding exchange rate changes.
An S1-Plus smartphone retails for more than that.
Thanks to its simplicity and ease of use, coupled with its ultra-cheap retail price, Kunpeng Technology's first-generation products are in short supply in overseas markets.
Yes, more than 70% of sales are orders from abroad, and the domestic market is also soaring rapidly.
However, it is worth mentioning that the price in overseas markets has increased to US$779 per unit, which is more expensive than domestic sales.
This is to avoid the hassle of “dumping” charges.
Kunpeng Technology's first-generation commercial drone products have shaken up the non-professional drone market as soon as they were launched. They have been soaring in the consumer drone market.
This completely stunned all new and old players in the industry, including DJI. This product actually only sold for 3,599 RMB. Even if the overseas price was increased, it was only 5,118 RMB.
With sales of 750,000 units in five months, the S1 phone seems to have been killed by comparison in the smartphone industry, but in fact only industry insiders know how exaggerated this figure is.
Prior to this, drones were used in professional fields. The products were highly specialized, required high operating requirements, and the product prices were also very expensive. As a result, drones could not become popular.
To put it bluntly, the general public cannot play this game, there is a threshold.
However, the launch of Kunpeng Technology's product directly expanded the threshold of drone products to the level of ordinary consumers, quickly creating a brand new market.
Even an ordinary person without professional knowledge can easily play it, and the price is affordable by ordinary people.
Because of this, the sales of Kunpeng Technology's product have surged exponentially in the past five months. From less than 2,000 units sold in the first month to now, monthly sales have soared to more than 200,000 units.
Not only did it quickly increase its popularity, it also opened up a new market for the industry, namely the non-professional drone market, directly bringing commercial drone products to the mass market, opening up a new incremental market space for the entire industry.
Now, colleagues in the industry have seen the explosive popularity of Kunpeng Technology, and they have also seen the opportunities and future development trends here. They have begun to concentrate on building complete drones, and they are also targeting the non-professional drone market and the general public.
…
But at this moment, Chu Changxing, who was sitting in the living room, looked at Fang Hong and said: "In the past five months, Kunpeng Technology's total sales reached 3.538 billion yuan, including 788 million yuan in the mainland market and 788 million yuan in overseas global markets.
The amount is US$418 million, which is 2.75 billion yuan.”
Fang Hong couldn't help but smile and said: "What's going on with the companions?"
Hearing this, Chu Changxing said: "My colleagues are also following the trend and focusing on making complete machines. However, my colleagues think that Kunpeng Technology will definitely go bankrupt if it does this. The reason is that it will lose money if it does not make money, and it will not last long."
Colleagues have also dismantled Kunpeng Technology's first-generation product, dismantled and studied almost every component, and finally concluded that it is absolutely impossible to make a profit selling this product for 3,599 yuan, even if it sells for 3,599 yuan.
Even if the overseas price is raised to 5,118 yuan, it is unlikely to make money to cover operating costs.
Therefore, peers are all convinced that Kunpeng Technology will lose money if it sells one unit. The more it sells, the more it will lose. Once there is a problem with the amount of funds, it will collapse overnight.
Chu Changxing said: "We gave up profit margins and pursued market share, and the price was quite high. Kunpeng Technology created sales of more than 3.5 billion yuan in the past five months, but the company's current debt scale has reached 1.167 billion yuan.
, liquidity is tight, and this is despite price increases in overseas markets, otherwise it would be much more than this. I have not yet been able to get a bank loan, so..."
That’s why I came to God K for support, because once the amount of funds is broken, it will be very dangerous.
The reason why I didn’t approach K God before was because when I asked for money from K God, I needed the equity in exchange. The last time I received an investment of 10 million from K God, I took 45% of the equity.
Therefore, as long as he can get a loan, Chu Changxing will try not to seek equity financing to obtain funds to support the development of the enterprise.
Fang Hong supported this, but of course he only supported it in his heart and would not say it openly.
This shows that Chu Changxing is smart. As the head of a company, what Fang Hong fears most is that the person at the helm is mediocre.
At the end, Fang Hong said simply and neatly: "We cannot stop development and expansion. Kunpeng Technology doesn't care about making money now. I only care about its market share. If you can't make money, then I will provide you with financial support."
, I will finance Kunpeng Technology’s Series A financing for you alone.”
