Chapter 421: Investment

"This Chen Guilin is very good, I didn't expect that where the Americans were negligent, he could find the problem and solve the problem!"

Lin Zongtang laughed and sat down at the conference table with a satisfied smile. Pen % fun % Pavilion www.biquge.info

This small improvement of Chen Guilin was only because Lin Zongtang had an extra mind at the beginning, and the US personnel who were going to be present signed a confidentiality agreement, and the result was really unimaginable.

Of course, the steel material of high-pressure resistant vessels will not be ordinary steel, another meaning of special steel, that is, steel with a small range of applications.

Under the guidance of economic laws, it seems that the R&D resources for ALS are very small, unless there is an eye-catching event such as the "Ice Bucket Challenge", it is difficult to have explosive investment, and it is difficult to have technological development worth mentioning.

The same is true for special steel, because the output is small and the input is small, many treatment technologies are moved from the technology of ordinary steel, so it is inevitable to bring some symptoms of soil and water adaptation.

Fortunately, the added value of special steel is high, and there are considerable profits from improving technical indicators, so enterprises naturally have no motivation to improve. But that's not to say that cost-saving solutions won't be applied.

Chen Guilin's "discovery" can reduce the manufacturing cost of pressure vessels by at least 10%. As for other areas where this special steel is applied, it is even more difficult to say how much cost can be reduced.

In order to obtain the license for this improvement, DuPont not only removed the licensing restrictions on the pressure vessel manufacturing technology, but also had to pay a $3 million technology license fee to Shanzhong.

Since Hu Wenhai personally demonstrated how to price the selling technology, many domestic companies have begun to be less "stupid".

In the past, if a foreign delegation came to China for inspection, with the coordination of foreign affairs departments, coupled with the overestimation of foreigners' discipline and the "inferiority" of domestic technology, there were not many such incidents of being "inspected" by people who took their own gatekeeping skills.

Coupled with the case of two-step fermentation vitamin C, China now knows that technology is a very "valuable" thing abroad. The sale of technology is not priced according to the cost of expenditure in the development process, but according to the profit that the technology can obtain in the market, which is more or less the consensus of domestic research institutes and enterprises at this time. For example, reference news, workers' daily and even Xinhua Daily have reported a series of reports on the high price of domestic technology abroad.

Newspapers always dislike this kind of report that can greatly boost the morale of the Chinese people when they don't dislike it enough and don't make it big enough, and cynicism and sour arguments are definitely not the mainstream.

When three million arrives in Sheng Chong's hands, there are probably 1.23 million US dollars left, which is equivalent to only four or five million yuan. For the weight of 30,000 employees, it is about one month's salary expenditure. But this is not the case, with this business to start the signboard, Shengzhong will operate again, and soon the domestic business community will know that Shengzhong is a unit that can sell technology to the country.

The resulting brand benefits are more than four or five million yuan that can be measured.

Of course, the factory was quite happy with this result, and even Chen Guilin, the inventor of the technology, also benefited. The 13,000-yuan Xinghai piano was bought in the name of the Shengzhong Factory Band, and the hind feet were sent to the tube building where his family was divided in the early years.

Of course, this piano cannot be said to be given to Chen Guilin, but it is said that it is for him to keep it temporarily and as a reserve pianist trained by the factory-run band, and no one in the factory dares to chew his tongue.

There is also a new family community to be built in the factory, and the price of 80 yuan per square meter has already reserved a set of 60 square meters of two-bedroom apartment for Chen Guilin - the north and south are transparent and not cold, and even the decoration is ready-made.

The front foot didn't wait for Zhang Xiaoju to go abroad, and the aunts who introduced Chen Guilin to Chen Guilin on the back foot had already come to the door. Although Chen Guilin showed that he did not have this idea for the time being, when the news spread, many workers in the factory who were still beating singles secretly or openly picked up technical books.

It has been proven more than 10,000 times that the power of example is endless.

Although Chen Guilin's improvement of welding is nominally a service invention, such a large factory will never deduct his credit. You can't give out money, but when it comes to rewards and benefits, it's really not soft at all.

Seeing the benefits and the head, the Shengzhong workers are also holding their energy, thinking that one day they can have a victory and counterattack like Chen Guilin and reach the peak of life.

Even if you don't want to sell 3 million, even 300,000 dollars in an ordinary business is already a great thing!

Didn't you see that since Chen Guilin became famous, the prices at which the bosses of the township and town enterprises outside invited him to do private work have all risen to 200 yuan an hour? When others earn 200 yuan a month, they are already earning "hourly wages."

The factory directors of many township enterprises, no, the income of the entire factory, I am afraid that it is not as much as Chen Guilin alone. Through this incident, the value of technology has taken root in the hearts of Shengjing people more than ten years earlier.

It will be interesting to see what kind of big trees and fruits can grow.

Under this batch of tens of billions of US dollars, how many "Chen Guilin" can be born, and how many people can worship technology, is really a more expected result than these projects themselves.

Lin Zongtang, as the deputy leader of the leading group of major technical equipment, has strong expectations for this investment, and what is more satisfying for him than to witness these expectations become reality?

If so, it would be more of a reality.

Seeing Lin Zongtang sitting on the throne with a smile on his face, He Renming and Mo Gaowen also sat down under him proudly. Opposite them, sitting next to Yan Yongnian was Chu Jiang, the head of investment in China Railway Construction Investment.

"Chief Chu, what do you think? Sheng Zheng's technical background is still very good. If we can win the 35,000-ton hydraulic press, I believe it can fill a big gap in China, right?"

Lin Zongtang looked at Chu Jiang with some expectation, as the financing manager of the investment department of China Railway Construction Investment, Chu Jiang's name was released step by step with China Railway Construction Investment, and it can be said that he indirectly has a great reputation in the Chinese industry.

This high-achieving student, who has worked in Zhongjian Xiangjiang for a long time, and has also done short studies in Japan and the United States, and graduated from Zhongcai University, is a real future elite within Bank of China.

Although when China Railway Construction Investment was established, China did claim to mobilize elite soldiers to support it in the future. But now that it is the 80s, it is no longer the time when the country can take out its own pillars by supporting the construction of the third line with an order.

Although they will not take some crooked melons and cracked dates to China Railway Construction Investment to deal with things, the real elite will not let go so selflessly.

Chu Jiang took the method of going to work first and then going through the formalities, which completely cut off his retreat, and also broke the idea of Bank of China. cut off all his efforts in the Bank of China system for so many years, which made the Bank of China have to agree to release people.

Such drastic tactics are honestly rarely seen in the banking system. Most of the people who have used this method in these years are those who are really tasteless in the unit and want to go to the sea to break through. Like the researchers in Zhongguancun who couldn't get enough to eat earlier, like the workers of state-owned enterprises who only paid their basic salaries or even couldn't pay their basic salaries in various places, and had no production tasks at all in the factories, or those who went to the south to open their eyes, studied abroad, and went abroad, and were unwilling to waste their lives.

But Chu Jiang is not one of these people.

He has a bright future to be expected, and he will not face the lack of life or the ambition that cannot be fulfilled. In the banking system, with his qualifications and abilities and background, he is definitely the top part of the pyramid among his peers.

The reason why he was able to use such drastic means to be transferred to China Railway Construction Investment was that he wanted to be the "founding hero", but also because he saw the freedom of China Railway Construction Investment.

Unlike the four major state-owned banks, China Railway Construction Investment is an investment bank. In other words - it is only accountable to investors.

In other words, in China Railway Construction Investment, Chu Jiang can have his own opinions. By deciding whether to lend an investment or a loan to a business, he can support the business he thinks needs support, whether it's a small township business or a large enterprise that is eager to be reborn, and he can say "no!" to those that are simply not worth saving.

What is the state of the four major state-owned banks today? Chu Jiang knew in his own heart, that is, he was sitting on a large pile of explosives. Due to the lack of freedom in lending policies, the four major banks have been greatly influenced by local governments. In order to save the unsalvable state-owned enterprises, too many dead and bad debts have been released, coupled with the triangular debt problem that has gradually revealed the omen. Once it explodes, the problem is not something that the four major banks can carry down on their own.

China Railway Construction Investment does not rely on the savings of retail investors, and does not need to look at the face of local governments, and its sources of funds are investors and large customers. This fundamentally avoids the interference of local governments with banks.

To put it simply, the financing manager of the investment department of China Railway Construction Investment is the real financing manager - it judges the project according to its prospects, not according to the will of the people in power.

A large part of the reputation of China Railway Construction Investment Bank in the domestic industrial circles is brought about by its attitude. To put it simply, the loan objects of China Railway Construction Investment Bank are now gradually becoming a "white list" of domestic investment.

Companies on this list are greatly less risky than doing business with them. So much so that many companies even regard the investment in China Railway Construction Investment as a kind of "certification". Even if there is no need for funds, you must get a small loan from China Railway Construction Investment.

In addition to enjoying these benefits financially, CRCI can also exert its influence to promote cooperation between customers. If you can get a large investment from China Railway Construction Investment, congratulations, at least the wagons of the Ministry of Railways do not have to worry about not being able to apply. If the products you produce need to be shipped by sea, CSSC will serve you wholeheartedly. If you are a plastic factory or a chemical fiber factory, at least you don't have to worry that you can't buy PX raw materials even if you have money.

This makes the investment of China Railway Construction Investment quite weighty and cost-effective, and the invested enterprises get not only a sum of money, but also a business network that is gradually taking shape. Being able to join the weaving of this network is really an exciting thing for Chu Jiang.

In the immature domestic market, when one party to the transaction takes out the loan certificate of China Railway Construction Investment, it can at least show that its finances are relatively healthy, product sales are relatively stable, and the person in charge of the enterprise is quite reliable.

Such a guarantee is like a Tmall store that pops up in the Taobao bazaar. Although there are still fakes, parallel goods, and second-hand goods, it is more reliable than a market store that can be opened with an ID card.

According to some grapevines, the nine departments of the China Railway Construction Investment Investment Department are even making a list of the investment environment of domestic prefecture-level cities. Just showing such a little rumor, many affiliated and collective enterprises in China that have suffered from "superior leaders" for a long time are already asking how they can get this list.

What makes these affiliated and disguised private companies shudder the most is the experience of Deng Shaoshen of Wanbao Company, Jiang Xipei of Far East Company, and Li Shufu of Geely Company, who will be famous in the future.

At this time, Li Shufu was only the director of a refrigerator factory named "Arctic Flower", but this factory was only a non-designated factory. To put it simply, there is no "birth certificate" for the production of refrigerators, and his business will be shut down or even confiscated at any time when needed.

Jiang Xipei of the Far Eastern Company even donated his enterprise to the "collective" several times, and only after the rumors passed that he could buy it back. And Li Shufu will also donate the Arctic flowers to the government in the future, but he did not take the Arctic flowers back, but took a sum of money to study at the university. As for Deng Shaoshen of Wanbao Company, it can only be said that it was a complete tragedy caused by incompetent bureaucrats, and the former domestic home appliance giant was buried in a flash.

The mood of these operators, who are half a step ahead of the times, can be imagined, they are really trembling, walking on thin ice, ready to survive at any time, and there is no sense of security.

However, China Railway Construction Investment may be able to give them a little sense of security, because this is the only bank in China that is willing to invest in township enterprises, collective enterprises, and affiliated enterprises.

But it is not easy to get investment from China Railway Construction Investment, these companies are too sensitive to policies, and the local government can decide their life and death at a moment's notice. Therefore, the local government's policy has become a very important factor in the investment of these non-state-owned enterprises.

To meet several points, the first is that the local government does not exclude the development of these non-mainstream ownership enterprises, which requires great courage. The second is the stability of local policies -- at least in the next five to eight years, the officials in charge cannot be replaced, otherwise the successor will be left and who knows whether he will kill pigs for a fattening year? Finally, the local economy has a relative advantage, and the large-scale development of the western region will be more than 20 years late, and there is no benefit in investing in the western region now, so the place of investment should at least be a city with developed transportation or a coastal city.

One can imagine how rare it was to meet these points in the eighties. But on the other hand, once there is such a place, how attractive it will be to these companies, it is simply a holy place.

Although I don't know if there is really such a list within China Railway Construction Investment Bank, if China Railway Construction Investment invests in a non-mainstream ownership enterprise in a certain place, there will immediately be a lot of outsiders who come to the local area to investigate.

China Railway Construction Investment Bank has only been established for one year, and it has gradually set up its own signboard in the industrial and business circles.

For example, a project like investing in a 10,000-ton hydraulic press, not to mention, it seems that it is really the only one that can do it.

Under the eager gaze of Lin Zongtang and the other three, Chu Jiang gently opened the document in his hand and sent the four copies to the others.

"This is the investment assessment made by our China Railway Construction Investment Bank, with all due respect, the 35,000-ton hydraulic press has no advantage in China. ”

"How can there be no advantage?" Yan Yongnian lifted his glasses, and without waiting to look at the documents in front of him, he said: "At present, the largest multi-directional die forging hydraulic press in China is 10,000 tons of Southwest Aluminum, and 35,000 tons can fill the domestic gap, and it will ...... after completion."

"After completion, there is no domestic demand for supporting facilities. Chu Jiang simply interrupted Yan Yongnian's words, shook his head and said: "There are several application fields of 10,000-ton hydraulic presses, which are nothing more than steam turbine rotors, large marine crankshafts and pressure shells in nuclear power. Steam turbine rotors, power systems do not master the production technology of steam turbines now, the whole machine needs to be imported from abroad, I am afraid that the other company's enterprises will not agree to use our own rotors. For the sake of large marine crankshafts, we have inquired with China Shipbuilding Corporation, and for the time being, we need to pay attention to the cooperative relationship with Japanese shipbuilders, and do not plan to enter the field of manufacturing large ships too quickly. As for the nuclear power pressure shell, even if the country builds a nuclear power plant, the 35,000-ton hydraulic press cannot process it. ”

Yan Yongnian and He Renming and Mo Gaowen on the opposite side looked at each other, but they didn't expect Chu Jiang to say such a thing. At the beginning, Hu Wenhai personally agreed to invest in hydraulic presses, so he wouldn't be returned to China Railway Construction Investment, right?

This is really Hades's good to see the little ghost.

Mo Gaowen frowned and said: "What Manager Chu said is not wrong, but we always have to produce steam turbines in China. If there is a breakthrough in the rotor, maybe the power system will be invested? Marine large crankshafts, even if the CSSC Corporation does not have such a plan now, we can produce them and provide them to foreign companies. As for the nuclear power pressure shell, although the 35,000-ton hydraulic press cannot be processed, we don't have a follow-up plan. What's more, our hydraulic press will definitely be able to get the business of Shengfei aero engine turbine disk, this is certain. ”

"Director Mo is pinning his hopes on the future, which is very dangerous for business operations. Chu Jiang didn't enter, shook his head and said: "Even if these projects will be promoted in the future as you said, this hydraulic press will inevitably face the problem of insufficient operation at the beginning." As for the Shengfei aero engine turbine disk, I would like to ask, does the engine produced by the Dawn factory need the turbine disc produced by the hydraulic press?"

"This ......" Mo Gaowen was asked by Chu Jiang and could only be speechless.

The main engine produced by the Liming plant is the turbojet 13 engine, and if there is a need for 35,000 tons of processing capacity for the aero engines that can be produced in China, it will not be properly processed.

The negotiations seem to have reached a paradox, and the 35,000-ton hydraulic press needs to be matched. In the absence of a 35,000-ton hydraulic press, it will not exist at all, and it has become a question of chicken or egg.

"The crux of the matter is that we have to invest in 35,000 tonnes of hydraulic presses before domestic manufacturing demand catches up. Lin Zongtang sat on the top and said: "The 35,000-ton hydraulic press is a major event in the domestic industrial capacity, and it is inevitable that the investment will be in front." ”

"Old Lin, you're right. Chu Jiang nodded: "Heavy industry production is related to the national strategy, and it is likely to face an imbalance between input and output in the early stage, and only the country can afford such input." But the problem is that China Railway Construction Investment is an investment bank, and the bank must be responsible for investors' funds. If we continue to invest even though we know that our profit prospects are worrisome, will anyone be able to trust us with their funds in the future?"

"What does China Railway Construction Investment mean, and don't plan to invest in Shengzhong?"

Lin Zongtang's voice was a little angry, China Railway Construction Investment even dared to reject the investment promised by Hu Wenhai himself, and even dared to refute the face of his ministerial-level leader, what did he want to do?

"Nope. ”

Chu Jiang shook his head: "We have redesigned the investment plan, and the shortcomings of the 35,000-ton hydraulic press are very obvious, and the investment department believes that it cannot support such a plan." The fundamental reason is that the technology of the 35,000-ton hydraulic press is not up to par, and it has not formed its own advantages in the market. If you want to maintain profitability in the early stage, 35,000 tons is not enough to win the international competition. After investigation, we believe that we need to be at least at the same level as Alcoa's 45,000-ton hydraulic press in order to take advantage of the cost advantage to win international orders. ”

"Forty-five thousand tons?" Lin Zongtang's eyes widened.

"Yes, if 50,000 tons of hydraulic presses can be manufactured in three to four years, the investment quota of China Railway Construction Investment can be increased to 700 million yuan. Chu Jiang said expressionlessly: "I don't understand the manufacturing technology of hydraulic presses, but from an economic point of view, the competitiveness of 35,000-ton hydraulic presses is limited. There are a number of international companies that can provide this level of processing capacity. The trust of foreign companies in Chinese enterprises cannot be cultivated in a short period of time, and we must jump out of this fierce competition if we want to participate in international competition. 40,000 to 50,000 tons, there are many fewer options in this range. As long as we can meet the processing requirements, we have an absolute advantage in cost, and it is very attractive to enterprises with tight financial situation but processing needs. ”

"The key is, can Shengzhong be put into operation in three to four years? China Railway Construction Investment Bank needs a practical answer. ”

Chu Jiang looked around the conference room, waiting for an answer. (To be continued.) )