Chapter 1190 The top chicken soup master

Everyone sighed and clinked their glasses with Wu Feng. If they were in Wu Feng's situation, they would have to curse him too.

"You have analyzed it yourself, what else is there to complain about?

Because these reasons will lead to the fact that the company will not have much room for appreciation even after listing.

So it is normal for venture capital companies to be pessimistic.

What is venture capital? Venture capital.

They pursue high profits. They would rather invest in companies with high risks and high returns than companies with low risks and extremely low returns.

Besides, the risks of electric bicycle companies are not as low as imagined. As you just said, there are more than 2,000 electric bicycle manufacturers and the market competition is too fierce.

Moreover, the products are highly homogenized. Most electric bicycles are not much different in performance and appearance. They lack unique technical advantages or innovations. It is difficult for companies to attract consumers and increase profits through product differentiation.

In addition, the technical threshold is low and breakthroughs are difficult, so electric bicycle companies still have certain risks.

There are risks and the return on investment is low, so it is normal for the market value to be low, and it is even normal for the valuation to be lower than the revenue of one year.

It cannot be applied to the relationship between revenue and valuation of companies in other tracks."

What Chen Changliu said was not wrong. Yadi, the former leader of the space-time electric vehicle, is a living example.

In 2016, Yadi Holdings was listed on the Hong Kong Stock Exchange, but the day before the listing, due to insufficient subscription, the offering price was determined to be the lower limit of the IPO price of HK$1.72 per share.

On the first day of listing, the stock price fell to HK$1.32 per share, and the decline on the day reached 23.3%.

This is not a temporary downturn. In the following three years, although the company's operating performance continued to grow, the stock price and trading volume continued to be sluggish.

At the end of January 2018, Yadi Holdings' daily trading volume was only a few hundred thousand Hong Kong dollars.

Before the first half of 2019, the company's market value was relatively low, and it had fallen to HK$0.88 per share at its lowest, and its market value once fell below HK$3 billion.

You must know that Yadi's revenue in the previous year had exceeded 10 billion, while its market value was less than 3 billion. How can this be justified?

In 2020, the new national standard for electric two-wheeled vehicles was implemented, and the industry was reshuffled. As the industry leader, Yadi Holdings reaped the benefits.

At the same time, because the policy orientation is so good, private equity institutions, public funds and overseas funds began to pay attention to and buy Yadi Holdings' stocks.

From March 2020 to 20, the company's market value soared from 5 billion yuan to more than 50 billion yuan, becoming a 10-fold "big bull stock", and it also had the opportunity to be proud.

For Wu Feng's depression, everyone can only clink glasses with him a few more times, and can't do anything else.

It's not that they don't have money to invest in Fengfan, but it's unnecessary, and Wu Feng doesn't need it.

The dinner lasted until 10:00 pm and ended. Tomorrow, they have to attend the Entrepreneur Leaders Annual Meeting, so they still have to rest their spirits.

And such a dinner is necessary for everyone. Sharing resources and information can enable everyone to move forward better and faster.

...........

On December 5, the Entrepreneur Leaders Annual Meeting officially opened. There was no fluctuation for Chen Changliu, he was used to it.

But he can no longer hide in the corner as low-key as he did the first time.

Because he is now a giant in the industry, no, it should be said that he is a giant in the business world. At this time and place, no one in the business world dares to say that he can suppress him.

After all, who can sell high-tech products such as mobile phones to dominate the African market like the flower growers, and still have a place in other continents.

In China, this year is destined to bring down the big brother Nokia.

So his every move at the Entrepreneurs Annual Meeting is very concerned, and his seat is also arranged in the first row. Compared with other people in the first row, it can be said that he is too young.

Among the other entrepreneurs in the first row, the youngest Xiao Ma Ge is 39 years old, while Chen Changliu is only 25 years old.

It’s still the same process. The first day is a bit boring for Chen Changliu.

However, in the afternoon, the host "Entrepreneur" magazine announced a blockbuster news:

"Entrepreneur" and Liumeng Investment have reached a strategic cooperation. The two parties will jointly launch an official account exclusive to "Entrepreneur" and distribute it to readers.

Editing, publishing and advertising have always been considered the three pillars of media operations, among which publishing plays a unique role in connecting the upper and lower levels and directly determines the business model of the media.

As a banner of domestic high-end brand media, Entrepreneur's move towards new media and bold innovation in the distribution model will undoubtedly bring an earthquake to the entire publishing and media industry.

Let's put it this way, the cooperation between Entrepreneur and Liumeng Investment represents the unstoppable decline of traditional media.

And why both parties chose strategic cooperation has been repeatedly questioned.

However, neither Ke Meng nor the person in charge of Entrepreneur gave a direct answer.

However, the Entrepreneur Annual Meeting is not boring, because some people's speeches are very interesting, such as Da Mazong.

This guy has to be ingenious everywhere. This time, the main content of his speech is to discuss environmental protection one day every quarter.

Yes, you read that right.

"I am very concerned about Feng Shui. Feng Shui must be considered when doing business. Wind is air and water is the well at your door.

We now stipulate that company executives must sit down one day every quarter to discuss only environmental protection and water. "

Look, this is nothing if not ingenious.

Of course, that's not all. This guy also loves making chicken soup.

“Every time a person gets sick, there must be warning signs.

The financial crisis is also a signal of business pathology. We must change the way we do things and develop. If we don't change, we will definitely run into greater trouble.

Unfortunately, the strong government measures made the financial crisis pass too quickly, and many people did not learn anything from the crisis.

Many of us today are happy to restore yesterday, but in fact what we need is to create tomorrow. "

This is the top master of making chicken soup. Anyway, his main focus is to make you feel very advanced, but in the end you have no idea what to learn from his words.

PS: typos should be corrected first and then corrected.

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