Chapter 187 Movement and Decoder Chip

In the 90s, there were not many tourist projects in Shuixigou, except for a few resorts and hotels, which were winter skiing projects, and the farmhouses had not really developed.

According to the plan of Populus, it is planned to purchase 200 acres of land at the foot of the mountain, including stables, a three-storey complex, an oval racetrack and several villas.

After the completion of the racecourse, it can be regarded as adding a new project to the Shuixigou Scenic Area. As for himself, he will come here for vacation when he has time, and the usual operation will be completely handed over to Dong Qi, the manager of the Xijiang branch.

To this end, he is ready to invest eight million yuan.

A few days later, Dong Qi reached an agreement with the township government to pay for 200 acres of land at a total price of 1.9 million yuan.

Hu Yang did not personally participate in the construction of the racecourse, he only put forward some requirements, and handed it over to the Xijiang branch.

Lu Yali came back this time and was going to stay for half a month.

In addition to staying on the mountain for two days, Hu Yang got together with Li Hao, Wu Maosheng and others a few times, and then went to Xite Electrician and Xijiang Hezhong, and returned to Yangcheng after staying for ten days.

End of September.

Lu Yali and Zeng Xiangqi formally signed a joint venture agreement, and at the same time, the lawsuit between Xintong International and Cheung Kei Trading in Xiangjiang also had a result.

No surprise, Cheung Kei Trade lost the case. The court ordered Cheung Kei to perform the contract and compensate Chipcom for US$150,000 in damages.

Cheung Kei Trade appealed against the verdict.

When Zhang Rulin talked about this lawsuit, he was so angry that he almost slapped the table. Due to Cheung Kei Trade's malicious delay, it actually caused a lot of losses to Xintong International.

In order not to delay the construction period, Xintong International imported equipment for the second time and spent an additional 300,000 US dollars. Coupled with litigation fees, lawyer fees, etc., it is definitely a lot of unjust money.

That's it, Cheung Kei Trade also appealed, making it clear that it was going to drag you to death.

What else can Hu Yang say, he can only comfort Zhang Rulin a few words. But fortunately, Dr. Zhang has learned a lot of lessons from this incident, and he probably won't easily fall for others in the future.

But from Zeng Xiangqi's point of view, he thought that this incident was his own proud work, and the old man in the family specially praised him a few words.

This made Zeng Xiangqi very excited, especially since he also successfully got the equity of Boba 49.

After signing the agreement, Zeng Xiangqi immediately asked people to prepare for the construction of the factory, from site selection to formalities, to personnel and equipment, all his subordinates were mobilized.

Lu Yali, on her part, has already calculated the business operation in the first three quarters. In the first three quarters, Boba sold a total of 480,000 VCD machines, achieving a net profit of 1.2 billion yuan.

After making various provisions in accordance with the financial regulations, all the remaining profits were distributed among the shareholders, and there was nothing to do with the new shareholder Zeng Xiangqi.

Then, Lu Yali signed an OEM contract with Bothstone Technology for 400,000 VCD machines to ensure that the company has sufficient products to supply the market before April next year.

Zeng Xiangqi stepped up the construction of the factory on the one hand, and deliberately let Chen Jialin out of the wind on the other side, so that he could know about the joint venture between Cheung Kei Electronics and Boba.

At the same time, Zeng Xiangqi also made people slander the reputation of Stubborn Stone Technology in the industry, saying that the quality of Stubborn Stone Technology is not up to standard, and there are many flaws in the production process.

It is said that after Chen Jialin learned of these circumstances, he was furious and said that after fulfilling the existing contract with Boba, he would no longer cooperate with the other party.

"Hehe, after a few months, our factory will be built, and Stubborn Stone Technology will stop OEM for Lu Yali, and when the time comes, she won't be able to sell the shares in her hand at a low price. ”

Zeng Xiangqi listened to the assistant's report and was very proud, he felt that his plan would soon succeed.

After returning from Xijiang, Populus euphratica has been very low-key.

During this time, the company did not have any major investment projects, and the projects below tens of millions of dollars were not asked, and were directly handed over to Xu Younian and them to complete.

A total of almost 30 million yuan was invested in these projects, which are basically high-risk and high-return projects.

In addition, Hu Yang asked the finance department to repay the loan pledged with the equity of Xite Electrician, and the cash on the book was reduced by 80 million yuan.

At present, Huijia Industrial still has more than 300 million on its books.

There is still a lot of money, and as a professional investor, the least favorite thing is the idle funds. Hu Yang endured and endured, but still did not take the initiative to find new investment projects.

Facts have proved that his patience is right, and soon news came from Xintong International in Modu, in view of the excessive financial pressure of the company, Dr. Zhang Rulin decided to carry out a round of capital increase and share expansion.

This round of capital increase and share expansion is mainly for the original shareholders, with a total amount of 100 million US dollars and no premium. If the existing shareholders give up the right to increase their capital and shares, they will only consider bringing in new shareholders.

Well, the factory has not yet been built, not a single chip has been produced, and the investment has doubled.

No wonder it is said that the semiconductor industry burns money, especially this small chip, which is definitely at the top of the global industrial chain, and it cannot be played without huge amounts of money.

Hu Yang and Zhang Rulin both participated in the capital increase and share expansion according to the proportion of shares, and for this reason, Hu Yang invested another 100 million yuan in Xintong International.

Hu Yang participated in the capital increase and share expansion in full, and the original share proportion remained unchanged. But in addition to him and Zhang Rulin, the rest of the shareholders gave up, and this part was converted into shares, accounting for about 17% of the company's share capital, which was pocketed by a company called "Hantang Communication".

In a blink of an eye, Hu Yang's Huijia Holdings still had more than 200 million and less than 300 million left in his account, which really made him understand what it means to spend money like water.

"Tsk, the chip thing is burning money"

With Populus Hu's always calm personality, he was a little unbearable, for fear that Dr. Zhang would come to the second and third rounds of financing.

Therefore, he plans to think about "short-term" investment projects in the near future and give a proper return to blood.

You must know that at present, the company's account has removed 1.8 billion yuan of bank loans, which actually belong to its own funds, and there is not much left.

Compared with the troubles of Populus euphratica, Chen Jialin's troubles are the troubles of happiness.

Just after the National Day holiday, there is an endless stream of VCD manufacturers who come to find the foundry of Stubborn Rock Technology, so to speak, as long as he Chen Shao nods, the company's orders will surge.

The problem is that due to the limitation of production capacity, there are many cooked ducks that have flown off, and he is tortured enough.

Gritting his teeth, Chen Jialin still came to find Populus euphratica, hoping to persuade him to expand the scale of production. Anyway, at this stage, the production of "PHS" is not very profitable, the base is too small, and it can only be used as a practice.

Chen Jialin was in Hu Yang's office, and he talked a lot, but Hu Yang was out of the world and didn't say a word.

"Brother Hu, you have a word. It's okay if you don't agree, I'll slap my ass and leave, what's the matter if you don't say anything like this"

Chen Jialin was almost anxious, and his voice couldn't help but rise an octave.

"Oh, I thought of something else. Chen Shao, I still have that opinion, our production scale has come to an end, and we can no longer blindly expand production capacity. It's the last quarter of this year, and if you do the math yourself, this year's order for three million units has been completed, and it's almost time to turn over the year.

Sister Lu has added an order of 400,000 units, and Xinke has a long-term contract of 1 million units next year.

The movement and decoding chip mentioned by Hu Yang are the two key components of the VCD machine, and these two components cannot be produced in China at present.

Taking the movement as an example, at present, all VCD manufacturers in China either use Philips products or Sony products, and there is no third supplier for the time being.

The reason why Populus euphratica was a little stunned before was that he remembered this problem.

Since the end of 1996, the domestic VCD industry has entered an explosive cycle, and more than 300 new manufacturers have emerged in a short period of time.

While the industry is hot, a practical problem cannot be avoided, that is, at the latest at the beginning of next year, the two core components of the VCD machine will face a serious shortage of crisis.

Chen Jialin is a smart person after all, and after thinking about it for a while, he figured out the joints in it.

"Hehe, then you mean, let's stock up"

"Of course, that's still a question. You calculate how much money can be withdrawn by Stubborn Rock Technology to the maximum extent, and then I will withdraw another 200 million funds and hoard some goods. ”

At present, the cost of the movement plus and decoding chip is about 1,000 yuan, accounting for the majority of the overall cost of the VCD machine. Without these two components, the VCD machine cannot be produced, and relatively speaking, the assembly production process is not worth mentioning.

Therefore, looking at the lively VCD industry, it is actually a castle built on the beach, and there is almost no too high technical threshold.

"It's no problem for Stubborn Stone Technology to take out 200 million in cash, and you can stock up on 200,000 sets. ”

The previous core components were either imported by the brand company itself, or they were entrusted to be imported by Boite Technology, which did not occupy Boulder Technology's own funds.

But now if you want to stock up, you can only pay for it with your own real money.

Chen Jialin calculated an account for Hu Yang, and Stubborn Rock Technology can complete the production of 3 million VCD machines this year, with an OEM output value of 900 million yuan and a net profit of about 2.7 billion.

At the beginning of the establishment of Stubborn Rock Technology, the share capital was 20 million yuan, and the previous two increased their capital and shares by 100 million, and the capital was 1.2 billion yuan.

Then increase production capacity, new HS production line, and expand the factory area and build two new standard factory buildings, 7788 counted, stubborn stone technology from its establishment to the present, invested almost 100 million.

Therefore, theoretically speaking, the company should have about 300 million in cash, but in fact, there is still a gap of 20 or 30 million, after all, some payments need to be completed until the end of December.

The funds required to maintain the normal production and operation of the company are left, so the funds that Chen Jialin can use are 200 million.

"That's okay, let's stock up together, each with 200 million funds, if there is value-added, the profit part is half of the stubborn stone technology and Huijia Holdings. ”

Hu Yang turned around and asked the finance department to transfer 200 million yuan to the account of Stubborn Stone Technology, and signed a cooperation agreement with Chen Jialin.