In the living room, Fang Hong thought for a moment and said as if he was thinking to himself: "... Let's take the current sales of Kunpeng Technology as a price. Assume a profit of 10 points based on the sales, and calculate it based on 30 times PE.
You finance this money."
Upon hearing this, Chu Changxing couldn't help but make a rough calculation in his mind. According to Fang Hong's suggestion of 30 times PE, the valuation of Kunpeng Technology would exceed 10 billion, which is probably close to 1.6 billion US dollars.
This valuation level is directly at the unicorn level (valuation exceeding US$1 billion)!
Chu Changxing couldn't help being stunned. After he realized what he was doing, he immediately looked at Fang Hong and stopped talking.
God K is so awesome!
The A round of financing gave a valuation of 30 times PE, reaching a height of 10.5 billion yuan. This valuation is definitely overestimated according to the current situation of Kunpeng Technology.
But Fang Hong intends to raise the valuation level, because in the future he will definitely bring in other investors. If the valuation goes up, other investors will get less equity after spending the same money on the car. Fang Hong will also get the same
In other words, when Qunxing Capital withdraws in the future, the selling price will be higher.
Chu Changxing felt that he had taken advantage and made a lot of money.
In Fang Hong's eyes, he seemed to have suffered a loss, but it was a small loss. The losses he suffered now would be recouped in excess of the principal and interest in the future.
At this moment, Fang Hong said methodically: "The A round of financing has valued Kunpeng Technology at an overall valuation of 10.5 billion yuan. Your entrepreneurial team must give me 20% of the equity, and the 45% I previously held must not be diluted, only diluted
Of course, I will sign the concerted action agreement with you for the equity of your entrepreneurial team."
Chu Changxing couldn't help but smile, and said simply and neatly: "No problem, just do what you want, God K."
He knew Fang Hong's name, but he preferred to call him God K.
Let’s call him by his name. I’m older than Fang Hong, so I can’t call him brother, right? It’s too awkward to call him brother, and it seems unfamiliar to call him Mr. Fang. After much deliberation, calling him by his online name is more appropriate.
Regarding Fang Hong's A-round financing plan, Chu Changxing accepted it without much thought. In fact, the price given by God K made him embarrassed to bargain.
With a post-money valuation of 10.5 billion, selling 20% of the equity would mean directly raising 2.1 billion, which would be US$319 million, excluding exchange rate changes.
With a financing scale of 2.1 billion yuan, or US$319 million, this is definitely the largest single investment amount in the global commercial drone field, setting a new record for peer financing cases.
As long as this funding is obtained, Kunpeng Technology's current financial pressure will completely disappear in an instant.
Fang Hong said methodically: "I will send someone to contact you later, and all the funds will be transferred to the account designated by your company in about a week."
Chu Changxing nodded repeatedly and then said with a smile: "With this money, the development of Kunpeng Technology can be further expanded. At first, we were still struggling with the development of other applications. Once this money comes in, we won't have to worry about it."
Hearing this, Fang Hong said with great interest: "Oh? In which direction?"
Chu Changxing immediately said: "In addition to consumer drones, we also plan to expand to other subdivisions of the drone industry, such as plant spraying and other agricultural aspects."
Fang Hong nodded and said with a smile: "You are the leader, you have the final say."
Well, that's because the strategic direction coincides with K-God's. If it doesn't coincide... then that's a different story.
Chu Changxing was very happy when he heard it. God K is definitely an angel investor. Is there a proper Bole?
After quickly finalizing the issue of Series A financing, Chu Changxing chatted here for a while and then left.
As soon as he left, Fang Hong called the beautiful assistant and asked her to prepare the funds, and then sent someone to contact the people from Kunpeng Technology to complete the specific work details of the Series A financing.
This financing was still in Fang Hong's own name, not Qunxing Capital. Naturally, his personal money was used. Tian Jiayi also knew the account password and authorized her to make arrangements.
Fang Hong's personal net assets now exceed 30 billion. He used to spend close to 3 billion on education. The current Series A financing for Kunpeng Technology is 2.1 billion, which is just a fraction.
It is worth mentioning that among Fang Hong’s publicly operated primary market investment projects in the name of K-Shen, in addition to Kunpeng Technology, there is currently a team of Zhu Yingdong from Zhejiang University in the field of biotechnology, which is studying the use of plant photosynthesis.
The project of capsule delaying and anti-aging; and the South China University Yue Lang team’s research is a project of using mitochondrial light energy to reverse anti-aging.
In addition, there are several other projects, including the marine debris cleanup plan project and so on.
Among the projects that Fang Hong invested in his own name, the most successful one is Kunpeng Technology, which is run by Chu Changxing. With the current development momentum, as long as Chu Changxing’s team does not make any mistakes and does not make major strategic mistakes, it can basically surpass major companies in the future.
Xinjiang has become the dominant player in the global commercial drone market.
As for other investment projects, such as those undertaken by Yue Lang's team and Zhu Yingdong's team, whether they can be successful or not is another matter.
Fang Hong also looked pretty good, so he threw some money in to get a spot.
What if it succeeds?
If a project like Yue Lang's team really succeeds, it will be incredible, and ten of the current Kunpeng Technologies will not be able to stop it.
However, compared to other projects that are too cutting-edge, Kunpeng Technology has begun to occupy a large-scale market share. For this company, Fang Hong thought about it and estimated that it will be almost ready to be listed next year.
There is no doubt that Kunpeng Technology must be brought to Big A. As a high-quality asset of the galaxy, it will be brought to the big A to build a valuation system for the core assets of the galaxy.
If you want to make other investors "don't ask them whether they are angry or not, just ask them whether they are convinced or not", you need to be supported by real high-quality core assets and a group of top companies. Only in this way can the industry
Only other companies will treat you as an anchor.
If the company itself is bad, no amount of money will be tempted by it, and anyone with a discerning eye will know that you are playing the Emperor's New Clothes game.
But core assets are different. The current valuation bubble can be digested and filled up in the process of value growth.
Therefore, it must be a core asset to play this way. It is best to be a top and leading company in the industry.
Xingyu Technology, headed by Qin Feng, is now the leading giant in the domestic smartphone industry, including Kunpeng, led by Chu Changxing. If this momentum continues, it will definitely surpass DJI and become the leading giant in the global commercial drone market.
However, if Kunpeng Technology is to be listed on the A-share market next year, it will definitely not pass the normal application process.
Because the company has not been able to make a profit, and it will never make a profit now, it is now trying to gain a larger market share at the cost of losing profits.
It is obvious that if Kunpeng Technology wants to enter the A-share market next year, it will definitely take the route of backdoor listing.