Chapter 217 [Telling this story well is a bit expensive]
The strategic plan to lay out the new energy vehicle ecosystem was finalized. Gao Hua, who became the person in charge, took over the task and began to actively prepare and promote it, while Lu Ming grasped the general direction and set the tone.
But Lu Ming still has to worry about one thing, and that is money!
This time, Tiansheng Capital tells the story of automotive ecology in its own way, and it is definitely not the so-called new car-making forces that engage in capital operations to make money and leave.
How much money can be made by making money?
Hundreds of millions? Or tens of billions? Tens of billions are already as high as the sky, but for Lu Ming, tens of billions are not enough to fill his teeth.
The new energy field is the general policy of the future national strategic planning. It is a strategy formulated by the country to alleviate the potential adverse factors of increasing dependence on energy imports. Only by truly making a name for itself can we succeed in this trillion-level market.
Eat the biggest piece of meat.
The rewards for being able to solve major national-level problems are of course quite astonishing.
But this requires moving closer to technology.
Obviously, Tiansheng Capital has no technical advantage, only money. However, now that the general strategy has been determined, it must use the power of capital to develop real technology.
Only if you embrace technology, you will never see others naked when the big wave of the future ebbs.
Not long after Gao Hua left the office, Lu Ming began to check the company's financial situation.
Currently, the total of Tiansheng Capital's own assets and managed assets exceeds 2.36 trillion yuan. In last year's annual report, the figure was still 1.82 trillion yuan. Asset prices suddenly increased by more than 500 billion yuan.
The main reason is the rapid appreciation of stock assets. Stocks rise and fall every day. Tiansheng Capital's total asset prices will also fluctuate with the fluctuations of the capital market.
The constituent stocks of the two major indexes, Tiansheng Shang50 and Tiansheng Shenzhen 100, are all blue-chip stocks. However, in the capital market since 2017, high-quality stocks have risen. Tiansheng Capital is definitely the biggest gainer.
One of the beneficiaries.
In addition, the increase in asset prices for overseas investment cannot be ignored. At present, the scale of overseas investment assets of Tiansheng Capital, led by QDIE, has officially exceeded 1 trillion yuan, and it was more than 800 billion yuan at the end of last year.
The price of Bitcoin has already risen to US$1,700, and Tiansheng Capital’s lurking US$5.5 billion has an average cost price below the US$800 level, which has doubled. Bitcoin is just the beginning.
Among them, the NVIDIA stock invested by Tiansheng Capital has the highest absolute profit among overseas single stock investments. It has already achieved a rate of return of more than +350% by doing long positions alone. Moreover, NVIDIA stock has just begun, and the madness of Bitcoin will drive the
Nvidia's stock price has been soaring.
In the future, there will be more and more Bitcoin “miners”, and NVIDIA’s stock price will get higher and higher.
The total assets of Tiansheng Capital have reached 2.36 trillion yuan. What Lu Ming is most concerned about is the liquid cash on the books. The latest data shows that it is about 147 billion yuan.
The previous 200 billion from the five major trust institutions has almost been spent again. Before this money came in, the company still had 80 billion in liquidity. This means that Tiansheng Capital was allocating stock assets on a large scale during this period.
The biggest outflow is the position building plan to allocate the Tiansheng Small and Medium Cap 300 Index. It is expected to allocate 150 billion yuan in small and medium cap stock assets. Now more than 90 billion yuan has been allocated, and there is still an allocation demand of nearly 60 billion yuan.
Waiting outside to enter.
The other funds flowing out are the layout of the primary market. The existing liquidity of 147 billion yuan, minus the 60 billion required to allocate Tiansheng small and medium-sized caps, leaves less than 90 billion yuan.
It is absolutely impossible to successfully tell the story of new energy vehicle ecology with less than 90 billion yuan of funds. Just the companies listed on the previous blueprint made strategic investments and became their major shareholders.
A little money is not enough.
Not to mention the money-burning hole of technology research and development. Look at the company next door, which spent nearly 80 billion on R&D investment last year. It will only be more this year. In the future, the funding for R&D investment will also increase year by year.
This is the cost of developing technology, so capital actually hates technology, but there is nothing you can do about it. Technology is the natural enemy of capital. If you don’t develop technology while others are superior, once you fall behind, your own market and interests will be destroyed by technological breakthroughs.
defeat.
The so-called moat is fragile in the face of revolutionary technological breakthroughs.
At the board meeting, Lu Ming said with great eloquence, "How much Huawei invests in technology research and development, Tiansheng will spend three times as much." This shows that if capital wants to embrace technology, it really has to spend a lot of money!
Although there are huge risks and costs, as long as capital possesses technology, it is basically invincible, and the returns are quite amazing.
This capital must be spent.
At this moment, Lu Ming, who was sitting at his desk, held his chin and fell into deep thought without saying a word. All he was thinking about was making money. Gao Hua was already preparing to advance the execution and would take care of it soon.
He wants money.
You can't do big things without money.
Lu Ming's first thought was to ask LP for money, and then ask LP for a thousand or two hundred billion. After thinking about it, he finally felt that this method would probably not work in a short time.
During this period, the "Three Clubs and One Institution" further deleveraged, dismantled leverage, eliminated shadow banking, and conducted more stringent supervision on private equity, insurance funds, and other funds.
Institutions are also busy checking and replenishing their own accounts, and the liquidity on hand is also very tight. In the past year, Lu Ming has asked LPs for 330 billion yuan and 200 billion yuan.
This is really not a small amount. Every few months, I ask LPs to pay 200 to 300 billion yuan, but it only takes a few times for Lu Ming to pocket all the money. The LPs feel a little unbearable.
Unless the entry threshold is lowered, this was rejected by Lu Ming as soon as it flashed through his mind.
Lu Ming would rather not use a low-quality LP because the risk is too great. Unfortunately, this story of betting on the new energy vehicle ecology not only costs a lot of money, but is also a long-term investment layout.
In addition, in a few months, Boss Jia’s company will explode, and it is hard to say whether it will have a panic impact on the new energy market. The negative problems will be superimposed, and the introduction of low-quality LP will make a fuss about it.
With the intention of unilaterally redeeming the funds, the plan was disrupted.
As for the institutions that are already Tiansheng LP, they will never engage in unilateral redemption of funds. The reason is very simple. For example, Chaoyun Trust has invested more than 50 billion, and now it has a market value of more than 230 billion.
If Chaoyun requires unilateral redemption of funds at this time, the LP that withdraws unilaterally according to the agreement will have to pay 20% of the withdrawal funds and all the income generated during the period as liquidated damages to the GP.
In other words, Chaoyun Trust can only get 40 billion from the unilateral launch, and the remaining 190 billion belongs to Tiansheng Capital.
Such a silly operation is obviously impossible, and it is equivalent to the fact that even if the entrusted LP funds want to withdraw, they must be redeemed without breach of contract, which means that the ban is lifted during the normal redemption period.
The cost of breach of contract is too high.
"We can only harvest profits from the capital market to fund investment in technology research and development..." Lu Ming murmured to himself, isn't it now in the early stages of the blue-chip big-ass stock market?
By the end of the year, when the market for domestic blue-chip big-ass stocks reaches its peak, and coupled with the super market for Bitcoin in overseas markets, Tiansheng Capital’s stock asset prices can definitely double their market value without any loss.
pressure.
That’s a total market value of 5 trillion yuan. If hundreds of billions of cash flows are cashed out from it, wouldn’t there be enough money to tell stories about the new energy vehicle ecosystem?
Lu Ming thought for a moment and suddenly made a decision in his mind. The core assets are mainly used as ballast stones, but Tiansheng Mid-Small Cap 300 can be used to frequently harvest profits in the capital market, which can bring stable and sufficient cash flow to Tiansheng Capital.
Burning technology research and development.
However, a large amount of funds will soon be needed. Tiansheng Small and Medium Cap 300 has only started to open a position for the first time. It is too early to reap considerable profits.
The only way to solve the funding problem now is to cash out some of the overseas investment assets and repatriate them. With assets exceeding 1 trillion, how long should we wait?
Thinking of this, Lu Ming immediately reached Qi Wei's place with a phone call.
