Chapter 754: Another Fool King

"Mr. Wang, there is no news from the bank. ”

"Where's the one on the North Market?"

"Not really. ”

BOE, Wang Dongsheng smoked a stuffy cigarette.

He's been having a lot of headaches lately.

BOE's first-quarter earnings report came out, and it fell into the red again.

Moreover, in the first quarter alone, they lost 500 million.

If this goes on in a year, at this rate, it may create a loss of 2 billion yuan.

Although such a loss cannot be said to be the largest in China's history, it can be regarded as a history record for an electronics manufacturing company to lose money like this. At the same time, the stock market, because of BOE's continuous losses, has added the hat of ST. All the BOE stocks in the hands of retail investors have been dumped, and those who cannot be dumped are those bookmakers.

There is no way, even if they are dealers, they are also trapped by BOE.

The meaning of ST is to show everyone that this is a loss-making business and that you need to be cautious in investing.

Since you can't get money in the stock market, you can't get money from the banks, and you can't get money from the top either...... BOE suddenly fell into an extremely difficult situation. At that time, some media thought that BOE would be delisted?

"These guys. ”

Wang Dongsheng complained in his heart.

At that time, when BOE was founded, Wang Dongsheng had already expressed to the top and the bank.

The display business is not so easy to do, and it must be fought a long time.

But at that time, they promised well, and after a few years, they regretted it.

Of course, Wang Dongsheng also understands that after four or five consecutive years of losses, no matter how big the financier is, he can't stand it.

However, the more this time, the more Wang Dongsheng understands the strength of Samsung.

Why is Samsung's display business so awesome?

Not how good their technology is?

At that time, Samsung was actually the same as the current BOE, and their technology was not as good as Japan's.

But they also entered the display business with great courage, and lost money for 20 consecutive years.

But 20 years later, Samsung rose to prominence and successfully trampled Japan under its feet, thus achieving Samsung's hegemony.

Wang Dongsheng's path is actually the same as Samsung's.

However, Samsung's road is too difficult to walk, not to mention 20 consecutive losses, even if it is now four or five years in a row, it is not an ordinary enterprise that can withstand it.

"Has some other capital been contacted?"

"I have been in contact, but some other capitals have no news when they look at our financial reports in recent years. ”

The assistant whispered.

For BOE, the assistant is also bottomless.

Enterprises that have lost money for four or five years in a row, and the more they lose, the more they lose, which capital dares to come in?

Again.

Look at other people's banks don't dare to come in, do you still have capital?

Do you have the capital to be a bank?

"By the way, Mr. Wang, Mr. Chen of Huanyu Technology said that he wanted to come to the company for inspection. ”

"You let Vice President Liu go,"

Wang Dongsheng seems to have some interest in Huanyu Technology.

The funding has not been solved, and now he is in the mood to take care of this.

It's just that just as Wang Dongsheng was about to try his luck at the bank in the afternoon, Wang Dongsheng was a clever man.

Huanyu Technology, this company is not simple.

"Why don't you pull Huanyu Technology on the horse?"

Wang Dongsheng had an idea in his heart.

If it were an ordinary Internet company, Wang Dongsheng would certainly not fight their idea.

The display business is not much worse than the chip foundry business.

Even more frighteningly in terms of funding.

Take their production line, for example.

The display production line is divided into 1st generation line, 2nd generation line, 3rd generation line, 4th generation line, and 4.5th generation line......

The first-generation line can produce 320mm*400mm panels, with an investment scale of 1 billion.

The second-generation line can produce 370mm*470mm panels, with an investment scale of 2 billion.

The third-generation line can produce 550mm*650mm panels, with an investment scale of 4 billion.

The 4th generation line can produce 680mm*880mm panels, with an investment scale of 6 billion, and this size is about 15 inches.

The 4.5 generation line can produce 730mm*920mm panels, with an investment scale of 8 billion.

Do you think that's the end of it?

There are 5th generation lines, 5.5th generation lines, 6th generation lines, and even the world's most advanced 7th generation lines so far.

The investment and construction of these production lines alone will be at least hundreds of billions.

As you can imagine, there are a few businesses that can stand up.

You can also understand why Samsung has been losing money for 20 years in a row.

It's not that they don't have the ability to make money, such a terrifying investment can only be completed by the whole country.

In fact, Samsung's ability to rise is indeed developed by the power of the whole country.

And that's not all.

It's not enough to have a production line.

You need to find a market for the products you produce.

If you don't find a market, your investment of hundreds of billions of dollars will have to make you end up in minutes.

South Korea's Hyundai display screen at that time was very awesome, but it was also finished like this.

Of course, when BOE was established at that time, it also received strong support from banks and superiors.

So Wang Dongsheng was ready to let go and do a big job.

But this kind of thing, after four or five years of loss, you will start to doubt life.

Beishi thinks that this display screen is too much money, and some don't want to invest money.

The bank saw that BOE had been losing money, and it also felt that the money given in the early stage might not be able to recover the cost, so it became hesitant.

However, although this is the case, Wang Dongsheng is still quite optimistic about Huanyu Technology.

This company is very strong.

Although it is impossible to give them how much money to invest in BOE, it can also solve the current urgent need by flickering hundreds of millions.

Thinking about it like this, Wang Dongsheng asked: "Who will lead the team of Huanyu Technology for this investigation?"

"It seems to be Chen Yu. ”

"That's okay, don't call Vice President Liu, the chairman of Huanyu Technology is here, how can you let Vice President Liu accompany you, it's too bad to give people face, so I will personally receive them in the afternoon." ”

"Okay, Mr. Wang. ”

The assistant nodded, and then left the office, preparing a series of arrangements for receiving Huanyu Technology in the afternoon.

In the afternoon, Chen Yu took Zhang Jianming and his entourage to BOE.

Although the current BOE is not the BOE of later generations, because of continuous investment, the scale of BOE has exceeded 10 billion. Moreover, the display screen manufacturing is the same as the electronic foundry, which requires more labor, and there are thousands or even more than 10,000 people in the entire factory for a 3rd generation line. This is a great help in solving the problem of employment.

Therefore, when BOE was founded at that time, it was supported by the top of the North Market.

Therefore, although the scale of the entire BOE is not as large as Huanyu Technology, the number of employees is more than ten times that of Huanyu Technology.

"Mr. Chen, the one in front with glasses and some gray hair is Wang Dongsheng. ”

"Well, I've seen his pictures and has some scholarly temperament. ”

"Scholar, he's not a scholar. Mr. Chen, you have to be careful, Wang Dongsheng is known as the king of fooling in the industry. ”

"Oh, what do you mean by that?"

"I'll just tell you a brief. At that time, BOE actually owed a lot of money when it was created, and the company itself could not be created. However, Wang Dongsheng relied on his ability to fool and complete the share reform of the debt-to-equity swap. Later, he said that the display screen was very helpful to solve the problem of employment, so he pulled the top of the North City over. Under the endorsement of the top in the North Market, Wang Dongsheng pulled a series of banks in. But as a result, now Wang Dongsheng has not only pitted the top of the North Market, but also the bank. It is said that they lost 500 million yuan in the first quarter of this year, and Wang Dongsheng is running from all sides to find a way to raise money......"

"Oh. ”

Chen Yu nodded, but said with a smile: "The ability to flicker is indeed good. ”

just said so, but Chen Yu didn't have any dislike for Wang Dongsheng.

On the contrary, he has some appreciation.

The investment in the display business is too big, if you don't have this ability to fool, how can you do it?