"Kanem is the most vast country in West Africa, with tropical deserts, grasslands, rainforests, plateaus, mountains, etc. complex and changeable. We should build a larger-scale testing center there, and all domestic engineering and technical personnel should
Throw it over regularly and receive baptism harshly..."
Gu Fan rushed to Canem this time. On the one hand, he was conducting technical research on the field use of Huachen's existing pickup models in Africa. He was also working with Tianyue Industrial's previous engineering and technical personnel in Africa to sort out the development ideas for new models.
, and at the same time, the newly recruited car engineering and development technicians were directly brought to Kanem for integration.
Although he did not stay in Africa for a long time and was recalled to the country by Cao Mo in just two months, he was deeply touched by what he gained.
The economic development of the entire West Africa is extremely lagging, and the demand for new cars in the automobile market is limited. It may only be 150,000 or 60,000 vehicles per year, but almost 400,000 second-hand cars are shipped across the ocean from countries in Europe and the United States every year.
Mainly passing through the Port of Draculamo, it spreads to countries and cities along the Gulf of Guinea.
As the most densely populated and prosperous city in West Africa, Draculamore digests 60,000 to 70,000 second-hand cars every year. This also makes Draculamore's second-hand disassembly and assembly industry extremely prosperous. This is what Gu Fan said in the country.
unimaginable.
Before Gu Fan came to Canem, he was worried that he could not find enough familiar technicians to provide necessary support for their technical exploration. However, after Draculamore landed, he was not as shocked by the vastness of the Atlantic Ocean and the
After recovering from the exhaustion caused by the thirty-hour journey, he found that his worries were completely unnecessary.
Regardless of their familiarity with the structure of ordinary vehicles or the level of hand-made parts, the technicians at the Dracula Motor used car disassembly and assembly factory have shown a level far beyond that of employees in domestic modification factories. It is also commonplace to try to modify vehicles to improve performance.
After Tianyue Industrial made clear the strategic direction of first launching a pickup production line and then producing small off-road vehicles on a pickup platform, Xu Lizheng directly recruited senior technicians from major used car disassembly and assembly plants in Dracula to join the application technology research and development center.
When Gu Fan and others arrived, the Cornero Application Technology Center had already hand-modified an off-road vehicle based on a Huachen pickup truck that could hit the road; as for the improvement of the performance of the Huachen pickup truck, Cornero
The Applied Technology R&D Center also proposed three options.
The underlying technical level demonstrated by the Cornero Applied Technology R&D Center is so strong that it is no longer comparable to that of a car mechanic. This in itself brought great shock to Gu Fan, and also made those who were proud of their recruitment.
After being sent to Africa, the resentful development engineer calmed down.
Of course, the senior technicians employed by the Applied Technology R&D Center apply very few electronic, electrical and vehicle integrated system technologies to mid-to-high-end car bodies or in mid-to-low-end passenger cars and transport vehicles that have been developed in the past two decades.
Control is very limited.
This allowed Gu Fan and the others to regain their confidence, convinced that they were the main force in the development of vehicle technology.
Of course, this strong complementarity and promotion allowed Gu Fan to work in Kanem for two months with outstanding results; but otherwise, he didn’t think that the carmaker’s laboratory could complete preparations for the development of vehicle technology within half a year.
Work.
Xu Lizheng also rarely returned to China for a vacation this time. He talked about his thoughts on working in Africa and his ideas for development work:
"The new car market in Africa is still narrow. I am afraid that second-hand cars are destined to dominate in the next ten to twenty years. However, most African countries, including Kanem, do not have a mandatory scrapping system, which further consolidates the market share of second-hand cars.
The dominant position of the African market. There are two situations now that Tianyue Industry should pay attention to and explore: First, used cars in Africa are currently mainly imported from European and American left-hand drive countries. As more and more passenger cars are used domestically,
As cars enter their scrappage period, exporting second-hand cars from China to Africa will become profitable. The second thing is what I just mentioned. Most countries in Africa do not have a mandatory scrappage system, and a large number of second-hand cars have an unimaginable service life.
When I think of it, the problem is not to replace a new car, but to repair it. This makes the demand for spare parts during the service life cycle of a car in Africa much higher than that in China, Europe and the United States. Of course, whether it is the export of second-hand cars or the intervention of
The trading of spare parts and upstream production are still a bit insignificant compared to Tianyue Industrial's future investment plan, but Tianyue's automobiles want to gain a foothold in Africa in the future, and the after-sales service and ease of use and availability of spare parts
, will all play a decisive role. I am thinking about
How to combine the trade of second-hand cars and spare parts with the establishment of our later market service support system in the African market. Maybe Tianyue Industry does not need to get involved in this field. We noticed that the Tubman family invested in a company founded by international high school students.
A small trading company is trying to export domestic second-hand cars to countries such as Kanem, and is also involved in the trade of some auto parts..."
When Stali was studying in China, she established the Central and West African High School Students Entrepreneurship Association and invested US$3 to 4 million in a number of start-up companies. In the past two years, the PALM West African e-commerce platform has developed relatively strongly. In the Jidam family
After its collapse, the Central and West African Overseas Students Association's greatest mission with Cao Mo had been completed. Cao Mo paid little attention to other enterprises and he did not have the energy.
He didn't even know that a company founded by an overseas middle school student was involved in the trade export of second-hand cars and spare parts, and it had long attracted Xu Lizheng's attention.
Through the import of second-hand cars and spare parts, and then the layout in the fields of second-hand car modification factories, auto repair shops and other fields in African countries, Tianyue will ensure that Tianyue will have stronger genes in the African market in the future in terms of after-sales service, spare parts supply, etc. This will
A very large and deep layout is required locally in Africa.
If Tianyue Industry was directly responsible for this matter, it would appear to be a big and inappropriate matter, and it may not be able to better integrate into the local market, invest in affiliated companies, exert influence, and guide them to develop in a direction that is more conducive to Tianyue Industry's future market layout.
, will undoubtedly get twice the result with half the effort.
…………
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After the Spring Festival of 2009, the global economy is far from emerging from the quagmire of the crisis. The domestic foreign trade and export situation is still grim. However, the domestic securities market, real estate, building materials and other industries have benefited from the shift in monetary and fiscal policies and relied on a large number of infrastructure projects.
The implementation of the project has seen a strong and rapid rebound.
During this period, Dongsheng Real Estate's apparent debt scale not only did not decline, but quickly rose to 40 billion. However, after the Spring Festival, real estate sales continued to boom. By the end of June 2009, the scale of advance receipts expanded sharply.
The increase to 28 billion has brought Dongsheng Real Estate’s total actual liabilities down to less than 12 billion.
Dongsheng Real Estate worked hard for two years, and finally successfully achieved listing by borrowing the shell of ST listed company Dalian Silver Star Group. With the strong rebound of the securities market, Dongsheng Real Estate's market value once reached 40 billion, ranking among the top ten
Among the major listed real estate companies.
During this period, the share price of Dongsheng Group continued to rise, and its market value once returned to a high of 20 billion.
Not counting other assets, the Ding Zhaoqiang family holds 35% of the equity of Dongsheng Real Estate and 30% of the equity of Dongsheng Group. With an ultra-high net worth of 20 billion, it is also among the top five in the Xinhai Rich List. It continues to include Yu Jinjie and Yu Yiming.
And Qian Wenhan and others were left behind.
Many people are well aware of Han Shaorong's personal net worth. Taking advantage of this strong rebound in the securities market, he will surely return to the top of the list of Xinhai's richest people. However, Han Shaorong's personal assets have not only been fully integrated into Huamao Capital, but have also registered and established multiple isolated companies to disperse them.
It is very dazzling to have Huamao's huge capital active in the securities market, and it is difficult to estimate the tonnage of Han Shaorong's personal net worth.
Cao Mo didn't have the energy to sort out how much capital Han Shaorong and Huamao Capital controlled in the domestic securities market.
Taking advantage of the backdoor listing of Dongsheng Real Estate, Tianyue Investment will transfer part of its shareholding in Dongsheng Real Estate to Dongjiang Securities. After the backdoor listing of Dongsheng Real Estate, its shareholding will be reduced to 10%, but the 1.8 billion funds obtained from the reduction of shares will
, returned to the accounts payable of Cornero Foods.
In other words, Tianyue Investment borrowed the funds, which were nominally included in Cornero's food debts, free of charge for half a year, and finally exchanged them for 10% of Dongsheng Real Estate's shares with a market value of RMB 4 billion; in addition, Tianyue Investment
The investment also holds a 5% stake in Dongsheng Group with a market value of RMB 1 billion.
Tianyue Industrial's domestic business has not recovered and its performance is mediocre. Although the overseas assets disclosed have stable profits, they have made the market full of worries.
Therefore, amid this strong rebound in the securities market, Tianyue Industrial's market value has only returned to 4 billion.
Tianyue Investment actually holds about 32% of the shares of Tianyue Industrial through Dongjiang Securities' merger and acquisition fund. Its converted market value is far less impressive than its holdings in Dongsheng Real Estate and Dongsheng Group.
Even though Cao Mo has never been interviewed publicly by the media, due to the need for information disclosure, as the actual controller of Tianyue Investment, after the Spring Festival of 2009
It also appears frequently in newspapers.
Even if the market value of the shares held in listed companies is converted into a market value, it is far from comparable to that of Ding Zhaoqiang and the Ding family, but Cao Mo already has a place on the Xinhai rich list.
However, what Cao Mo cared about was not his ranking on the Xinhai Rich List or the National Rich List.
He is more concerned about the mired African economy, how long it will take for it to turn around, and how much capital he can use.
After the subprime mortgage crisis completely broke out and swept the global economy, Cao Mo once transferred more than 3 billion yuan back to the country through the account of Cornero Foods. However, with the successful backdoor listing of Dongsheng Real Estate, Dongsheng
Part of the investment in real estate received high returns and was transferred back to the name of Cornero Foods.
This period included a total capital injection of RMB 800 million into Tianyue Industrial, an increase in shareholding in Dongsheng Group totaling more than RMB 250 million, including taking over a part of the equity of Xinhai United Bank, and participating in a merger and acquisition fund to acquire Tianyue Industrial.
Controlling shares, and previous participation in trust funds issued by Dongjiang Securities, Cao Mo’s actual domestic investment during this period totaled only 1.8 billion yuan.
Cornero Foods has been having a hard time during this period. Affected by the economic crisis, its main business has declined significantly. In the first half of the year, there was almost no revenue and barely any losses. However, there is a hoard of up to 2 billion yuan in the payment account.
This huge sum of money can be transferred overseas at any time in the form of payment for goods.
The international gold price briefly fell to around US$700 per ounce in October, but quickly rose back to over US$900 per ounce before the Spring Festival. By the end of June 2009, due to currency inflation and strong international funds
Affected by the demand for safe haven, the international gold price has returned to the high level of one thousand US dollars per ounce.
In the early stage, the Wusang River copper and gold mine mainly focused on the construction of mines and supporting projects, which was difficult to provide much profit to the Yibogu mining industry. However, the gold mine projects such as Yibogu, Oguta and Fanie River have already been completed.
These gold mine projects and the refinery located in the Conero Lake Industrial Park have a total of nearly 300 million U.S. dollars of continuous investment. Although the exploration and reserve potential of these gold mine projects has not been fully realized, they include gold-bearing ore sands.
Including the refining business, Ibogu Mining’s monthly gold production has also increased to 70,000 ounces.
Unlike domestic gold mining, which requires payment of resource tax, value-added tax, corporate income tax and many other taxes and fees, the tax burden cost ratio of resource mining in the entire West African continent can be said to be astonishingly low.
Taking Kanem's oil exploration as an example, international crude oil futures reached a peak of close to US$150 per barrel, of which the tax cost was only US$4.7.
This is also due to the fact that African countries seemed to have achieved independence one after another in the 1960s and 1970s, but in fact they were not able to completely get rid of the influence of colonial rule and invisible economic control.
Gold mining in Ibogu Mining is concentrated in Kanem, Akwa and Benin. Akwa has the highest tax cost, but including the special resource tax, the total tax cost per ounce of gold is less than
Fifty dollars.
This enables Ibogu Mining to convert most of the increase in international gold prices into net profits. The scale of gold mining and refining of Ibogu Mining is still far behind Xinhai Gold, but the net profit scale of related businesses
Xinhai Gold is already stronger than Xinhai Gold. In addition to gold mining and refining, it has fully entered the mining and smelting fields of non-ferrous metals.
Countries such as Akwa, Kanem, and Benin have fragile economic structures and are extremely weak in withstanding the impact of the economic crisis. Since the onset of the economic crisis, their currencies have depreciated at an extremely high rate.
In order to withstand the impact of currency depreciation, Ibogu Mining is hoarding physical gold as much as possible. Even daily operating expenses are borrowed from Cornero Cement in cash. Currently, Ibogu Mining has accumulated more than 300 million US dollars in gold ingots.
After the price of finished cement in countries such as Kanem fell below the industry average cost line, many cement companies were forced to reduce production or suspend production, and some cement companies even went bankrupt and closed. This resulted in a sharp supply of finished cement and a relatively balanced supply-demand relationship.
The price did not continue to fall sharply further.
Also in order to withstand the impact of currency depreciation, Cornero Cement collected cash from the market. In addition to maintaining its own operations, the profits were basically directly lent to Ipigu Mining for use, without much capital surplus.
However, no matter what, Cao Mo currently holds nearly 600 million US dollars in cash, which can be said to be quite proud...