Chapter 542 Investment is risky, and intervention should be cautious

Hu Yang listened very carefully, Wang Qingquan said in one breath for more than ten minutes, and Hu Yang did not interrupt him in the middle.

When he had finished, Hu Yang said:

"According to what you say, there should be a lot of capital willing to invest in this company. But I just read the risk assessment report, the capital of Bolong Optics is 300 million yuan, and the shareholders are composed of an unknown investment company, and the rest is the entrepreneurial team.

The question then is, why is there no big capital involved? Also, since this company has a certain amount of advanced technology, why doesn't state-owned assets get involved? After all, optics is also a very important technological highland. ”

Wang Qingquan hurriedly replied:

"Bolong Optics also just completed the angel round of financing half a year ago, and the current equity ratio is 60% of the entrepreneurial team and 40% of the investment company.

Mr. Hu, you also know that the entrepreneurship of high-tech enterprises is full of variables and risks, and many large capitals are reluctant to intervene.

In the industry, there is currently only one Beijing precision optical technology company that is interested in it. Negotiations between the two are still ongoing. ”

After listening to Wang Qingquan, Hu Yang seemed to understand something.

Needless to say, this Bolong Optics is no stranger to capital operation. People want to achieve a strong combination of technology with Beijing Precision Optics, and then obtain huge financing from powerful investment companies.

"Mr. Wang, I have no objection to this project. I have also read the risk assessment report, and the investment risk is still within the controllable range. That way, you can have a physical contact with the other party, and I need to know their specific financing conditions. ”

Hu Yang doesn't mind Bolong Optics pedaling on two boats, because the attributes of Huijia International Investment and Jingcheng Optical Precision are different.

The best case is, of course, that Huijia International Investment took the lead in reaching an agreement with Bolong Optics. In this way, if you negotiate with Beijing Precision Optics, your confidence will be different.

Wang Qingquan took the order and led a team to negotiate with Bolong Optics in person.

Hu Yang didn't personally participate in this matter, he just called Zhang Xiao and asked about the details of this Bolong Optics.

"Mr. Hu, why are you interested in this company? Bolong Optics I have also been in contact with before, and I didn't want to buy them originally. However, the founder of Bolong Optics was very angry and rejected my acquisition conditions.

What does this company say? There is still a certain uniqueness in terms of technology. However, their technology is not perfect, and I don't think they will be able to come up with a mature lithography machine exposure optical system product within three years. ”

Zhang Xiao's evaluation of Bolong Optics is very high, but it is also very low.

What does that mean?

Zhang Xiao still recognizes the technical level of Bolong Optics, otherwise he would not have moved the idea of acquiring the other party.

But at the same time, Zhang Xiao is not optimistic about the industrialization of Bolong Optics. It is believed that its entrepreneurial team has no experience in doing business, and the technology is not perfect, and it is difficult to come up with products that meet market demand in a short period of time with their own strength.

"Dong Zhang, thank you for your doubts. The company is currently seeking a second round of funding, and if the conditions are right, I think I'll consider stepping in. ”

Populus euphratica is not hidden, microelectronic devices are their own people after all, and it is better to say some things openly and honestly.

"Haha, I guess that's what happened. Mr. Hu, I can't give you advice, you are a master in the investment field.

If your intervention can really make this company reborn, then the promotion of domestic high-end lithography equipment is obvious. Good luck!"

Zhang Xiao didn't say anything, and after he finally sent a blessing, he hung up the phone.

At night.

Hu Yang and Tian Sichun, who returned to calm, chatted casually about some common words.

Suddenly, Tian Sichun looked at Hu Yang's eyes and said, "Ah Yang, we've been married for so long, why haven't I moved?"

"What's going on?"

Hu Yang didn't react for a while, and asked very strangely.

"Are you really confused or confused, didn't we say that we want a baby? ”

Tian Sichun couldn't help but pat Hu Yang's arm, and a trace of worry rose in his heart.

"Well, I don't know about this, obviously I'm not lazy...... Chunchun, or let's wait, if there is no movement in two months, let's go to the hospital for a check-up. ”

For some reason, Populus euphratica was also a little flustered.

Could it be that the regain of the first life can still affect this aspect? Can't it?

Tian Sichun didn't notice Hu Yang's eyes, and said with a smile: "Well, listen to you." Ah Yang, it's not early, you have to be busy tomorrow, go to bed early. ”

During the time that Hu Yang was in the magic capital, he still commuted to and from work on time, which was no different from when he was in the deep sea.

Tian Sichun does exercise and beauty every day, and spends the rest of his time at home.

Actually, Hu Yang did not object to her going out to do things.

For example, Tian Sichun suddenly became very interested in English training institutions recently, and Hu Yang joked with her, if you want to try, I will give you 100 million, enough for you to lose for a few years.

Losing 100 million quickly, of course, is a joke. With the backing of Populus Hu and his Huijia system, it is difficult to lose money.

Tian Sichun thought about it for a few days, but decided to put this matter aside first. The reason is that she really wants a baby, and if she does, she will stay at home quietly so that she doesn't have to work outside.

However, this wish has never been realized.

Hearing that the man promised to go for an examination together in two months, Tian Sichun breathed a sigh of relief. She didn't dare to mention this kind of thing, so as not to upset Hu Yang.

Men, hehe, who knows what they think?

The two of them fell into a deep sleep, but no one lost sleep because of it.

For Populus euphratica, getting married and having children is a natural thing. If Tian Sichun didn't ask, he might not have remembered to go for an examination.

Following.

After waking up, Populus euphratica is refreshed.

Early in the morning, he came to Huijia International Building and asked the restaurant to bring a breakfast.

He used to read the day's newspaper after breakfast.

Although with the popularization of the Internet, more and more people are starting to get information from the Internet. However, this habit of Populus euphratica has been maintained.

In his words, reading the newspaper is not in conflict with surfing the Internet.

After reading the newspaper, Hu Yang returned to the office. From now on, it was time for him to take care of his business, and Mickey had put the documents that needed to be processed on his desk in advance.

As soon as she picked up the first document and was about to flip through it, Wu Xinhui knocked on the door and walked in.

"Mr. Hu, Zhang Dong of microelectronic equipment has arrived downstairs, and he wants to see you. ”

"Hmm? Zhang Dong came here without calling? You go to the elevator to get Zhang Dong in person, and I'll see him in the tea room." ”

Hu Yang felt very strange, obviously he only talked to Zhang Xiao on the phone yesterday, why did he come over directly without calling early this morning?

Ten minutes later, Hu Yang met Zhang Xiao in the tea room.

"Mr. Hu, after talking to you on the phone yesterday, I thought about it all night. I think you should still actively participate in this round of financing of Bolong Optics.

At present, the progress of our research and development of lithography machines is mainly stuck in the optical system. If Bolong Optics can really make qualified products, then we will soon be able to win 65nm or even 45nm high-end lithography machines. ”

Yesterday something happened suddenly, Zhang Xiao felt that she had something to say in place.

Therefore, he came to meet Populus euphratica early this morning just to put forward his own reference suggestions.

"Zhang Dong, your habit of not sleeping all night when you think about problems is not good, it hurts your body. As for me, I also intend to invest in Bolong Optics, and Wang Qingquan, vice president of Huijia International Investment, has already contacted them. However, it still depends on the conditions proposed by the other party, and I can't help if the conditions are not suitable. ”

Populus euphratica will not be stupid to violate the basic rules of investment for the sake of an obsession.

The rules are not complicated, at least the valuation offered by the other party should be within a reasonable range, and the lion cannot open his mouth.

In addition, the investment is expected to be profitable.

To put it bluntly, I'll give you an investment, and it's no problem to lose money in the early stage for two or three years. But if you keep losing money and don't see the slightest hope of making a profit, this will not work.

Zhang Xiao nodded, expressing understanding:

"Of course, we can't always make loss-making trades, can we?

Take our microelectronic equipment as an example, although we have invested heavily in high-end lithography machines, and we are just beginning to see benefits. Thanks to Mr. Hu's coordination, the 90nm lithography machine sold has brought us a lot of profits.

However, we have achieved good results in packaging lithography machines and LED lithography machines. Packaging lithography machine, we have occupied 80% of the domestic market and 40% of the world market. LED lithography machine, we also occupy 20% of the market share.

Therefore, when you negotiate with the other party, you can't just focus on the exposure optical system of the lithography machine. It is also important to understand the market outlook for their high-value derivatives. In the short term, these derivatives are their main source of profits. ”

It is impossible for a company to have only inputs and no outputs.

Zhang Xiao's meaning is very clear, the development direction of Bolong Optics is no problem, but the other party's lithography machine exposure optical system, when the product can be produced is not certain.

Then the high-value derivative products that can see the benefits as soon as possible are the company's main source of profits.

He reminded Populus that don't ignore the derivatives, otherwise you will suffer in the negotiations.

"Dong Zhang, thank you very much. The problem you said, I will let them pay attention to it in the next negotiations. You, go back to sleep for a while, look at your dark eyes, I thought you hadn't slept in a few days. ”

Hu Yang thanked Zhang Xiao from the bottom of his heart, this is a very serious person.

However, he still quickly drove Zhang Xiao away, and told him that it was best to go back and make up for sleep.

After the contact between Wang Qingquan's team and Bolong Optics, the conditions offered by the other party have been understood by Populus euphratica.

()