Sun Dahai took a sip of water and continued: "Venture capital funds favor companies that pay attention to the word 'innovation'. Whether it is new technology, new products, new processes, new standards, or even just a new business model,
It may bring several times, dozens of times, or even hundreds of times growth to the enterprise.
The shareholding reform companies you mentioned are basically ordinary state-owned industrial and commercial enterprises based on their names.
Such a company has a large market share and low profit margins. Even if it can be listed for financing in the future, it will be difficult to achieve explosive development, which is the excess profit pursued by venture capital funds."
Seeing that Sun Weiguo still didn't understand, Sun Dahai scratched his head and prepared to explain to him in more detail.
Sun Dahai took out a piece of white paper from his desk, casually drew a rectangular coordinate system on it, and drew an irregular parabola in the first quadrant, with the starting point at the dot and the end point falling on the horizontal axis.
Then he said: "You see, from the birth of an enterprise to its final cancellation (or bankruptcy), excluding those special circumstances, it can be simplified to be represented by a parabola. The abscissa represents time, the ordinate is the enterprise value, and the enterprise is between the beginning and the end.
At the end, the value will return to zero.
The average life span of an enterprise is relatively long. Venture capital also has costs and cannot be followed from beginning to end. Therefore, venture capital funds will be chosen to be on the left side of the parabola based on the relationship between income and time, which is the rising stage before the development of the enterprise reaches the peak.
, as your own time to enter and exit the market.
According to the segmentation I have made for the life cycle of a company, that is, the growth period of the company is the best transaction stage for venture capital.
These shareholding reform companies should have reached maturity. To a large extent, they have almost lost the possibility of explosive growth.
Of course, if corporate managers raise funds through this share reform or go public in the future and use the funds raised where they are most needed, they may lead the company further and gain greater room for development.
Strictly speaking, investing in domestic shareholding reform companies cannot be regarded as venture capital, but can only be regarded as normal financial investment. However, since these companies may be listed in the future, they can still be invested.
However, I want to tell you that since it is a financial investment, the investment profit rate is relatively low. And the annual profits of many companies are even lower than the inflation rate.
Therefore, if these companies can be listed, they will need dedicated personnel to keep an eye on market changes and constantly sell high and buy low to reduce costs."
Sun Weiguo is a technical person, and if he can only understand half of these financial things, he is already very attentive to them.
Hearing Sun Dahai's words at this time, Sun Weiguo had a headache. He frowned and said, "It's so complicated! I heard that stock trading may be launched in China within two or three years. Is it too late to train talents now?"
Why don’t we transfer a few people from you first?”
Sun Dahai smiled bitterly and said: "Of course there is no problem in transferring people from me. It is also okay to start training new people now.
However, you must be mentally prepared. Any emerging stock market is unreasonable at the beginning, and experienced players are not necessarily any better than novices.”
Sun Dahai's words are not an exaggeration.
In the previous life, when the stock market in Shanghai was first in operation, there were indeed many good traders from the stock markets of Hong Kong, Singapore, and even European and American countries who came to hunt for gold.
Although some of them made a lot of money, it was people like them who died the most and fastest.
In the first few years when the stock trading market began to operate, various technical analyzes were of little use to the domestic stock market.
Sun Weiguo roughly understood the situation and stopped asking. He knew that Huang Feifei was from Xiangjiang and would definitely make arrangements for such a situation. If there was trouble, Sun Dahai would not ignore it.
Over the years, if something happened to the company, Sun Weiguo would leave it to Huang Feifei to solve it. If Huang Feifei couldn't solve it, Sun Weiguo would use the ultimate summoning technique: "Close the door and let Sun Dahai go!"
Therefore, he has always been very down-to-earth as the hands-off shopkeeper. Occasionally, he will ask about the company's situation, which can be regarded as doing his best.
After listening to Sun Dahai's introduction, he was about to leave when he suddenly remembered something and sat down again.
After Hu Cheng saw Zhu Lihua and Gao Yi, he knew that he had something to talk to Sun Dahai, so he got up and left.
Sun Weiguo waved his hand and said, "Sit down, I just remembered something and was going to ask Dahai a few more questions. You guys can come and listen and help me analyze it."
When several people heard this, they all became curious, so they sat down and waited for Sun Weiguo to continue.
"Dahai, something happened in the company a few days ago. I wonder if you've heard about it. The bright spring pig farm at the capital base..."
After saying this, Sun Weiguo paused for a moment, with a look of disgust on his face.
Sun Weiguo has always disliked the names of the divisions in the Capital Base that were spoiled by Sun Dahai.
But at that time, he thought that children liked to play nonsense, so he just let him be. Anyway, the pig raising business at home may not last long, so he did not express any objection.
Who would have known that not only these branches were developing very well, but Shiweitian was also growing bigger and bigger, becoming the largest agricultural company in the country.
It was no longer convenient to change his name at this time, so he had no choice but to accept it.
Sun Weiguo and Hu Cheng laughed when they heard Sun Weiguo say the name of "Spring Bright Pig Farm". The incident happened just after the New Year. Gao Yi was still in Xiangjiang at that time, so she and Zhu Lihua became unknown.
The people who know the truth are waiting for your introduction.
Things are quite interesting too.
The current accountant of the Spring Pig Farm is Bai Jiaming, an honest man in his early thirties.
Bai Jiaming's family is located in a mountainous area in the outskirts, on the border between Hebei Province and the capital. His family's economic conditions are not good, with several brothers and sisters, many people and little land. So after he got married, he lived in the woman's home.
Bai Jiaming was a junior high school student and worked as an accountant for the production team at home. After getting married, he came to his wife's house. The village had its own accountant, so he had to work in the fields to earn work points.
After Shiweitian was established, it organized recruitment in the countryside several times. The woman’s family was actually in a village not far from the pig farm, but it was not part of Xiweiwang Township, so she had to miss out.
As Shiweitian continues to expand, the demand for human resources is also increasing. In recent years, many restrictions on recruitment have been lifted. Bai Jiaming returned to his old career and became an accountant on a pig farm through application.
The woman's family favors sons over daughters. There are five children in total. The first four are daughters. The youngest is less than 18 years old this year, so she naturally becomes the little ancestor of the family.
The older sisters are all "little brother-helpers," and the farm work at home has long been taken care of by the older sisters and brother-in-law. The younger brother stayed at home after graduating from junior high school. Although he was not a gangster, he was idle all day long and did not do his job properly.
