Xinfei Electronic Technology Company was originally just a joint venture between Philips and Xinchuang Electronics Company.

However, the current development momentum of the company has the atmosphere of a world-class giant. This is different from the later VCD and DVD wars, where all the heroes fought each other.

Xinfei Electronics Co., Ltd. is basically its own effort, launching CD, CD-ROM and VCD and other products. At present, in addition to Sony, a competitor in the CD record market, other products are in a monopoly position.

Assuming that the ownership of these patents is held by Xinfei Electronics itself, it is likely that Philips will quickly take control of this company.

The reason why the two shareholders live in harmony is that many of the patented technologies are not owned by Xinfeidian itself, but authorized by Xinchuang Electronics Company.

Only the original patent for the CD player belongs to Xinfei Electronic Technology Co., Ltd., and if it does not do so, it will not be able to attract Philips to agree to the joint venture.

However, with the continuous release of CD-ROM and VCD and other technologies, Philips was embarrassed to find that these technology patents are all new venture electronics companies, but they are licensed to Xinfei Electronics Company.

However, Philips relies on the supply of laser heads, and has already made a profit of more than 100 million US dollars, even if the price of laser heads is constantly decreasing, but because the cost is also declining, in addition, the demand continues to grow, yes, this piece of business, currently brings more than 10 million US dollars of net profit to Philips every month!

As for Xinfei Electronics, Xinfei Electronics Company has also entered a profit blowout period with the launch of VCD, a popular consumer electronic product.

In April, the cumulative sales of VCDs exceeded the 500,000 mark, and at the same time, the consumer market of VCD discs showed the consumption potential of players who were almost inferior to the Pangu console.

After all, players on the Pangu console normally take an average of two or three months to buy a new game. After all, most games are very playable, and unless it's a bad game, it can stick to players for a long time.

However, VCD consumers, in the case of impulsive consumption, often buy back a bunch of VCD discs. Because, it only takes about two hours to watch a movie, and the number of repeated views is always very small, and some viewers never even watch the movie repeatedly, and only watch any movie once.

Because of the explosive growth of VCD business, Xinfei Electronics' profit in April hit a new high, and the net profit of the month exceeded 200 million Hong Kong dollars!

To a certain extent, Xinfei Electronics Company has actually become the most profitable enterprise under Lin Qi.

As the cash cow grows up, Lin Qi is ready to start "milking" it to support the development plans of the new start-up electronics company.

Don't look at the current profit of Xinfei Electronics Company, which is comparable to the peak of the profit of Xinchuang Electronics that month. However, its importance is really not the same as that of Xinchuang Electronics, after all, the real core assets of Xinfei Electronics, thousands of patented technologies, all come from the authorization of Xinchuang Electronics. There are less than 1,000 patents that really belong to Xinfei Electronic Technology Company.

Lin Qi's goal for Xinfei Electronics Company is to make it bigger, and then go public and sell it at a good price.

Of course, the short-term plan is to take out the cash of Xinfei Electronics Company to pay dividends to make up for the shrinking cash reserves of Xinfei Electronics Company.

……

In May 1983, Lin Qi interfered in the finances of Xinfei Electronic Technology Company for the largest time in history - dividends and debts!

Since the establishment of Xinfei Electronics Co., Ltd., the cumulative profit has exceeded 1 billion Hong Kong dollars, and at the same time, the cash on the book can be used for dividends of more than 600 million yuan. Therefore, Lin Qi did not hesitate to use his influence to negotiate with Philips to distribute a cash dividend of 500 million Hong Kong dollars, and the two major shareholders can each get 250 million Hong Kong dollars.

After dividing most of the cash available for dividends on the books, Lin Qi asked Xinfei Electronics to borrow money, and at present, Xinfei Electronic Technology Company can borrow up to 1.2 billion Hong Kong dollars from banks. In this regard, Lin Qi naturally asked Xinfei Electronics Company to fill all the credit balances, and the currency unit of the debt is only a Hong Kong dollar loan.

After the loan was in place, Lin Qi quickly let the finance and converted most of the Hong Kong dollars in the account into US dollars.

"Mr. Lin, you are asking for a large amount of dividends, which I can understand as subsidizing the losses of the newly established electronics company. Ke Cilei asked puzzledly, "So, after a large amount of capital dividends, another 1.2 billion Hong Kong dollars were received, and then the cash on the books was converted into US dollars......?"

"That's right!" Lin Qi said with a smile, "It's not easy to talk openly outside, but as a discerning person, I can see that all walks of life in Hong Kong have lost confidence in Hong Kong's prospects." After all, no matter how pessimistic the outlook is, as long as it is not an era that really can't survive, people still want to be entertained, and the technology industry has nothing to do with the prospects of Hong Kong, because our products are sold to customers all over the world. However, the short-term impact of finance and real estate is very large. The stock market fell to more than 600 points at its lowest last year, and the average price-earnings ratio of the constituent stocks of the Hang Seng Index fell to 5.5 times, not only setting the lowest valuation in the history of Hong Kong stock trading, but also a rare valuation in the world's financial history, probably only the valuation during the financial crisis in the 30s of that year, which can be compared with it. In the real estate industry, of course, due to concerns about the property rights of real estate in Hong Kong in the future, this issue, which needs to be resolved through negotiations between China and the UK, will not see improvement. ”

"So, the Hong Kong dollar is going to fall?" Mr. Ko said.

"Yes!" Lin Qi said confidently, "This is a clear thing, Hong Kong will not change much in the future, and in the short term, there will be a violent crisis of confidence in the Hong Kong dollar." In addition, Hong Kong's economy is indeed not good this year, and there will be a wave of violent decline in the Hong Kong dollar within this year. ”

"So, borrowing 1.2 billion Hong Kong dollars, after that, it was converted into dollars and stored on the books?" said Ke Cilei.

"That's right. Lin Qi said, "Even if the judgment is wrong, it is only to pay some interest." However, the US dollar is, after all, the US dollar is the US dollar, and it is different from the Hong Kong dollar! Do you think that under the current market conditions, the Hong Kong dollar will appreciate by a large margin relative to the US dollar?"

The Hong Kong dollar is only a local currency, and perhaps, it can be freely exchanged for US dollars at banks in Hong Kong and other places. But leaving Hong Kong is not easy to do in most parts of the world. Many overseas banks do not even have Hong Kong dollar reserves to provide exchange services. However, the U.S. dollar can be exchanged for local currency at any commercial bank in the world, and there are even many regions where the U.S. dollar is directly spent in the market, and the locals will be more happy to accept the U.S. dollar payment.

The dollar is such a dick, building up the national strength of the United States and the confidence of the market in the United States. The capital market believes that if the dollar is turned into waste paper, the world pattern must have been turned upside down, and most currencies should have lost their value.

The currency in the market, apart from natural precious metals, is the strongest dollar.

"Of course, it won't ......," Ke Cilei shook his head again and again, and said, "Even if the Hong Kong dollar does not plummet, it will definitely not rise sharply against the dollar!"

"So, it's a financial investment that doesn't take much risk and has a high probability of making a profit. Lin Qi said with a smile, "If it succeeds, it can increase the company's profits, and if it fails, it will not have a great impact on the current Xinfei Electronics." ”[.]