Chapter 606 [Adjust strategy to seek initiative]

Qin Feng wants Xingyu Technology to manufacture new energy vehicles, Fang Hong will definitely not object to this, he knows the future trend of this industry.

Moreover, Qunxing Capital also has a layout in the new energy industry chain early.

There is no problem with his decision. The size of a car is larger than that of a computer. Larger means that the key technology node of the chip has a much lower requirement for refinement than a palm-sized mobile phone. The chip can be made Larger, then the process requirements are not so harsh.

In other words, it is easier to achieve localized substitution than smartphones that require high-end chips.

In the next three years from 2015 to 2018, when the STAR series smartphones are missing, in addition to developing businesses such as smart tablets and laptops, Xingyu Technology can definitely focus more on new energy vehicles. terminal business.

The main crux of the substitution of domestic semiconductors lies in the high-end chips, but in fact the low-end is also a very critical link. Fang Hong has already started to lay out this point, eating up the low-end chips. There are not enough foreign chip manufacturers. The profits are used to maintain its investment in research and development of high-end chips.

If the speed of development is slowed down, the gap can be shortened faster.

With the support of the sponsor's father, Qin Feng has a positive attitude, and now he can let go without any doubts.

Whether Xingyu Technology is developing new businesses or entering the field of new energy vehicles, if there is no source of income in the future when the smartphone business is "out of gear", it can only rely on capital transfusion for support.

The support of the patron's father has become particularly crucial. If you have Fang Hong's words, you don't have to worry about it. You can let go and do it. If you don't have enough money, you can borrow money from Qunxing Capital for development.

...

Fang Hong came to the headquarters of Xingyu Technology and talked with Qin Feng for about an hour. The things they talked about were all related to the company's major strategic layout in the future, and the determination of such big things is often the fewer people involved.

This side has been established, and then Qin Feng will soon talk to the senior management of Xingyu Technology, and then formulate a more detailed plan.

As Fang Hong left the Xingyu Technology headquarters, Qin Feng immediately hosted a high-level meeting in the company to discuss the establishment of the Xingyu electric vehicle brand, the establishment of the R\u0026D team, and the development of new businesses such as smart tablets and computers. have a discussion.

In addition, the more important thing is to increase the order volume of S620 chip processor and S680 chip processor.

Now that we have prepared for the worst, we have to adjust our strategy appropriately and decisively. Before that, we hoped to show weakness to the enemy, but it turned out that the opportunity given by Apple was useless. In the domestic market, users are more inclined to Xingyu Technology Its STAR series products.

Rather than going to the Apple store next door to buy an iPhone, I would rather wait for a while or buy an S3 phone at a high price that is not bad.

Afterwards, there will definitely be tricks and actions. With such a big market, will European and American capital be willing to admit defeat?

On the surface, if they can't compete in the market, they will definitely move their minds behind the scenes. Fang Hong knows best what the descendants of the Angsa pirates are like.

He is not the kind of person who asks the other party to do the first grade of junior high school first, and then himself does the fifteenth grade.

Since it is unavoidable, then do the first grade of junior high school first and seek the initiative.

...

Entering August, Xingyu Technology no longer intends to limit the sales of S3, but began to find ways to expand sales. After all, there will be many places to spend money in the future. Now earn more money, and at the same time let the user base of the TOS ecosystem exceed 100 million as soon as possible order of magnitude.

At the same time, Qin Feng sent a director of Xingyu Technology to fly directly to North America to talk to Qualcomm about an additional order of 45 million pieces of S620 chips, and an additional order of 150 million pieces of S680 chips. Then fly to lift the accumulated electricity.

Qualcomm can't refuse to increase the volume and increase the price. It won't be too difficult to settle Qualcomm's side and lift TSMC's side.

Originally, for the S620 chip processor, several domestic partners have already negotiated purchase orders with Qualcomm, because the agreement between Xingyu Technology and Qualcomm to jointly develop the S620 chip processor stipulates that this product is not exclusive to Xingyu Technology, and the intellectual property rights are all It is owned by Qualcomm, which means that Qualcomm can supply S620 chip processors to other smartphone manufacturers.

Including the S680 processor behind, it is not exclusive to Xingyu Technology.

However, once the boat of friendship between the two parties capsizes, other partners will definitely not be able to get the goods. If they can get the goods, Xingyu Technology can get them through channels, and the STAR series of smartphones can continue to use high-end chips.

That's what I wish for.

Moreover, Qualcomm was the first to default on the contract, and Xingyu Technology has no international market, so it is not afraid at all, let alone the support of Qunxing Capital.

In addition, the IPO listing of Xingyu Technology has made significant progress again during this period, and the listing date has been confirmed. It will be listed on the main board of the Shanghai Stock Exchange on Friday, November 30, 2012, that is, three months later.

The initial fundraising has been overfulfilled, the quota for offline purchases has been completed, and the online part has not yet opened for new purchases.

Xingyu Technology's IPO fundraising officially confirmed that the additional issuance of 29 billion new shares, the company's total share capital is 275.355 billion shares, and the additional issuance of new shares accounts for 10.53% of the company's total share capital. yuan, with a market value of 700 billion yuan.

All seven groups of galaxy-themed public offering funds have obtained a certain quota ratio for offline purchases. Other large institutions include Pengrui Capital, Zhongtai Capital, and some Guojia team institutions.

Although Xingyu Technology's issued market value has reached the giant size level of 700 billion, the actual circulation only accounts for about 7.5% of the total, and 92.5% of the company's shares are restricted shares.

In other words, even if calculated based on the issued market value of 700 billion, the corresponding market value of circulation in the secondary market is only 52.5 billion.

Even after half a year, only 2% of the circulation is lifted, and the overall circulation is only 9.5%, and it is impossible to sell the shares held by Qunxing Capital in the secondary market. The same goes for the Guo Jia team institutions, Xingyu The founder team such as Qin Feng of Science and Technology will not sell.

In other words, Xingyu Technology, a giant, will actually have more than 80% of the equity ratio not to move, even if the sales restriction period is lifted in the future. Organizations like Guo Jia’s team will only pledge stocks at most. rather than selling stocks.

...

However, in the A-share market during the same period, after the Shanghai stock index hit a new low of 2100.25 points on July 31, it ushered in a wave of continuous rebound in August. From August 3 to August 9, the index went out Wulianyang rebounded.

The index stepped out of the continuous positive line, but the strength was not enough. Wulianyang only pushed the market index to 2175.54 points, and failed to even reach the 2200 point mark.

Friday, August 10.

Tian Jiayi came back from Qunxing Capital, found Fang Hong at home, handed him a document and said, "The company's performance for the first half of 2012 has been released."

Fang Hong took the materials and opened the list.

...