Qin Feng wants Xingyu Technology to build new energy vehicles. Fang Hong will definitely not object to this. He knows the future trend of this industry.
Moreover, Qunxing Capital has already laid out its plans in the new energy industry chain.
There is no problem with his decision. A car is bigger than a computer. Being big means that the key technology nodes of the chip require refinement, which is much lower than that of a palm-sized mobile phone. The chip can be made If it is larger, the process requirements will be less stringent.
In other words, it is easier to achieve domestic substitution than smartphones that require high-end chips.
In the next three years from 2015 to 2018, when the STAR series of smartphones are missing, in addition to developing businesses such as smart tablets and laptops, Xingyu Technology can fully focus on new energy vehicles. Terminal business comes.
The main crux of the substitution of domestic semiconductors lies in high-end chips, but in fact, the mid- to low-end is also a very critical link. Fang Hong has already begun to lay out this point, cannibalizing the mid-to-low-end chips. Foreign chip manufacturers do not have enough to maintain its investment in high-end chip research and development.
If the speed of development is slowed down, the gap can be shortened faster.
Qin Feng got the support of the sponsor's father and had a positive attitude, so he had no doubts about it and could go ahead.
Whether Xingyu Technology is opening up new businesses or entering the field of new energy vehicles, if there is no source of income when the smartphone business is "interrupted" in the future, it can only rely on capital transfusion support.
The support from the sponsor's father became particularly crucial. With Fang Hong's words, there was no need to worry, and he could just go ahead and get on with it. If the money was not enough, he would borrow debt from Qunxing Capital for development.
…
Fang Hong came to the Xingyu Technology headquarters and talked with Qin Feng for almost an hour. The things they talked about were all related to the company's major strategic layout in the future. Such major events are often determined by the fewer people involved.
After this was established, Qin Feng quickly talked with the senior management of Xingyu Technology and then formulated a more detailed plan.
As Fang Hong left the Xingyu Technology headquarters, Qin Feng immediately hosted a high-level meeting within the company to discuss the establishment of the Xingyu electric vehicle brand, the establishment of the R&D 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 must adjust our strategy appropriately and decisively. Previously, we hoped to show weakness to the enemy, but it turns out that Apple gave us the opportunity but it failed. In the domestic market, users are more inclined to Xingyu Technology Its STAR series of products.
I would rather wait for a while or buy an S3 phone at a high price than go to the Apple store next door to buy an iPhone. This can already lock in the ironclad fact that Apple will face a "Waterloo" situation when entering the Greater China market.
There will definitely be some dirty tricks and moves later. In such a big market, will European and American capital be willing to admit defeat?
If he can't compete in the market on the surface, he will definitely have his thoughts behind the scenes. Fang Hong knows best what the descendants of the Angsa pirates are like.
He is not the kind of person who lets the other person do the first year of junior high school first, and then does the fifteenth year himself.
Since it is unavoidable, then do the first grade of junior high school yourself first and seek the initiative.
…
Entering August, Xingyu Technology no longer intends to limit the sales of S3, but instead begins to think of ways to expand sales. After all, there will be many places to spend money in the future. Make more money now, and at the same time, the user base of the TOS ecosystem will exceed 100 million as soon as possible. magnitude.
At the same time, Qin Feng sent a director of Xingyu Technology to fly directly to North America to discuss with Qualcomm people an additional order of 45 million pieces of S620 chips, and an additional order of 150 million pieces of S680 chips. This is done. Let’s raise Semiconductor again.
Qualcomm can't refuse the increase in volume and price. It won't be too difficult to settle Qualcomm's side and raise Semiconductor's side.
Originally, for the S620 chip processor, several domestic rivals had already negotiated purchase orders with Qualcomm. Because of the agreement between Xingyu Technology and Qualcomm to jointly develop the S620 chip processor, this product was not exclusive to Xingyu Technology, and the intellectual property rights were all owned by Xingyu Technology. It is owned by Qualcomm, which means that Qualcomm can supply S620 chip processors to other smartphone manufacturers.
Including the S680 processor at the back, it is not exclusive to Xingyu Technology.
However, once the boat of friendship between the two parties overturns, other friendly merchants will definitely not be able to get the goods. If they do get the goods, Xingyu Technology will have channels to get them, and the STAR series of smartphones can continue to use high-end chips.
That's what you want.
Moreover, Qualcomm was the first to default. Xingyu Technology has no international market, so it is not afraid at all, let alone the support of Qunxing Capital.
In addition, during this period, Xingyu Technology's IPO listing matter has made significant progress again. The listing date has been determined, and it will be listed on the Shanghai Stock Exchange main board in three months, on Friday, November 30, 2012.
The initial fundraising has been over-completed, the offline subscription quota has been completed, and the online part has not yet been opened for new purchases.
Xingyu Technology’s initial IPO fundraising officially confirmed the issuance of 29 billion new shares, and the company’s total share capital is 275.355 billion shares. The additional new shares accounted for 10.53% of the company’s total share capital. The initial fundraising was 73.71 billion yuan, and the issue price was determined to be 2.54 per share. yuan, with an issuance market value of 700 billion yuan.
All seven clusters of galaxy-themed public funds have obtained a certain quota ratio through offline subscription. Other large institutions include Perennial Capital, Zhongtai Capital and some Guojia Team institutions.
Although the issuance market value of Xingyu Technology has reached the giant level of 700 billion, the actual circulation only accounts for about 7.5% of the total, and 92.5% of the company's stocks are restricted stocks.
In other words, even if calculated based on the issuance market value of 700 billion, the corresponding circulating market value in the secondary market is only 52.5 billion.
Even half a year later, only 2% of the circulating stocks were lifted, and the overall size of the circulating stocks was only 9.5%. The proportion of equity held by Qunxing Capital was impossible to sell in the secondary market, and the same was true for those Guo Jia team institutions, Xingyu The founder team such as Qin Feng of Technology will not sell out either.
In other words, the giant Xingyu Technology will actually have more than 80% of the equity ratio that will not change, even if the lock-up period is lifted in the future. Institutions like Guo Jia team will only pledge stocks at most. Instead of selling stocks.
…
However, in the A-share market during the same period, after the Shanghai Stock Exchange Index hit a new low of 2100.25 points for the year on July 31, it ushered in a wave of continuous rebound in August. From August 3 to August 9, the index went out of the The rebound of Wulianyang.
The index has been on a continuous positive line, but the strength is not good. The five consecutive positives only pushed the market index to 2175.54 points, and failed to even reach the 2200-point mark.
Friday, August 10th.
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 them.
…
