To such a large extent as the new entrepreneurship department, many of its relatively small subsidiaries may actually be oligopolies in a certain subdivision of the industry at home or even internationally.

For many subsidiaries, if they blindly follow the orders of the parent company and the boss, then the market will definitely be sluggish, and then lose to competitors in the fierce competition.

Therefore, Lin Qi has been focusing on the big and letting go of the small, and gradually listed some profitable sub-projects that do not affect the overall direction of the group.

After listing, in addition to bringing new financing channels and brand influence enhancement, more importantly, the listed company is already a public enterprise. The small and medium-sized shareholders holding shares are scattered in different strata, and countless people such as the government, the media, and shareholders are holding a magnifying glass to find the problem, and the listed company can be exposed more quickly.

In this way, a bunch of problems were avoided, but they were covered until the company was completely rotten.

Lin Qi is not afraid of problems in the company, not afraid of negative news exposure, but afraid of problems, he doesn't know, or he doesn't know the severity of the problem.

With more oversight, it is natural to sacrifice a little bit of execution efficiency, there needs to be an explanation for those shareholders, and clarification needs to be made to the media. But...... In the final analysis, being supervised by the society will only be beneficial to the long-term governance of enterprises, and will not be harmful.

Good enterprises need not to be afraid of supervision, and after being exposed to problems, they need to respond and correct them calmly and wholeheartedly to avoid the recurrence of problems, so as to continuously optimize their own governance.

Governance and operation can never be improved overnight, but need to be constantly revised with the times according to the actual situation for a long time. Feedback from both internal and external sources forms a virtuous circle.

Therefore, to a certain extent, the subsidiaries have successively become listed companies, mainly to simplify the necessary process of management and let the subsidiaries operate independently.

At the beginning of 92, the new venture film and television group was listed, which fired the first shot of the listing of the new venture department this year. In April, the new venture communication company was listed on the Shenzhen Stock Exchange of the domestic A-share market again.

The new venture communication company, 400 million shares before listing, this listing issued 100 million shares, the issue price of 10 yuan per share. The total share capital expanded to 500 million shares, with a market capitalization of 5 billion.

This market capitalization, in the current A-share market, must be a giant.

The current A-share market is different from the later ecological environment, and most of the A-share market at this stage are some small-scale companies, with a market value of tens of millions or even millions. That's why there was that kind of skyrocketing and plummeting, dozens of times skyrocketing, and after that, plummeting by 90%...... Anyway, most of the investors in the early stage of the market are gamblers, and the concept of value investing or analyzing the fundamentals of the company, this kind of mature market concept, these correct investment ideas will be despised. Basically, 99% of speculators are alternative gamblers, do not analyze finances at all, and are lazy to pay attention to corporate governance.

It is difficult for these people to think from a long-term perspective - the endogenous growth factors such as corporate governance, growth, profits, dividends, etc., that really bring long-term returns to investors. Investing in stocks is essentially investing in a company, not a betting game with a string of 6-digit ticker symbols like 000XXX, 600XXX, etc.

This kind of gambler who is tired of betting and selling this and buying that all day long has caused a lot of bad effects while making the trading volume of the A-share market extremely active.

For example, after the listing of a new venture communications company, investors in the A-share market even boycotted, saying: "Protest against the listing of the giant to draw blood, we only need small-capitalization companies." ”

"It is recommended that the new venture communication be split into 10 companies and listed separately, each with 500 million. ”

"Large-cap stock speculation is different, and bookmakers are reluctant to sit in the bank. We want small companies, not this kind of company. ”

For the protests of these unscrupulous investors, Lin Qi felt that he couldn't cry or laugh.

Fortunately, the country is still sober and knows that the world's stock market has always been the most basic mission - to provide direct financing to listed companies!

Excellent corporate listing and financing is beneficial to the market and society in the long run.

For example, if a high-tech enterprise such as New Venture Communications is listed in Hong Kong, it is not difficult. Because, in theory, Hong Kong does not restrict the registered address of listed companies, and enterprises in any country or region can be listed on the Stock Exchange as long as they meet the listing requirements.

The listing of New Venture Communications in China requires a series of operations, such as the registered address must be domestic, and the proportion of Hong Kong or foreign shareholders is reduced.

Fortunately, Lin Qi has made some preparations, for example, Xinqi Future Holding Company, the registered address of this company is Shenzhen, China, although the boss Lin Qi is a Hong Kong person, but Xinqi Future is considered a domestic capital.

In this way, the equity of the mainland subsidiary held by Xinqi Future Holding Company can be listed in China even if it is a domestic enterprise.

In addition, Konka, Xinai Industrial Group, Shenzhen New Venture Industrial Park Company, Humen Film and Television Base and a bunch of other legal persons currently meet the policy requirements. As long as the shareholding is dispersed to these companies, it is even more foolproof, and the company can be listed in China.

The main business of the new venture communication company is the basic equipment and terminal equipment of the telecommunication network, and the telecommunication technology equipment naturally includes the fixed telephone network, Internet infrastructure, wireless network and so on. In addition, terminal equipment includes landline telephones, debugging demodulators, routers, and many other consumer-facing products.

At present, the country continues to invest in the construction of telecommunications infrastructure, and new venture communication companies hold orders of more than 30 billion yuan, even if the orders at hand are completed, they need to be scheduled for two years. After the completion of all orders, the net profit after tax will not be less than 1 billion yuan.

Not to mention that orders for the country's telecommunications infrastructure, which continue to grow every year. Old orders have not yet been completed, and new orders are increasing. In this case, just to be a national telecommunications equipment supplier, the future is simply not orders and profits.

However, the new start-up communication company is not satisfied with making communication equipment, nor is it satisfied with the domestic market. In fact, after the company is ready to go public, a considerable part of the financing funds will be the research and development of personal terminals, such as routers, debugging demodulators, mobile phones and other products.

In fact, the new venture communication company is not too bad for money, but in order to cooperate with the country to build a first-class capital market, make the A-share market a little more high-tech, and return more to investors in the future, so the company will be listed on the domestic A-share market now.

Just imagine, if Huawei is willing to go public and list on the A-share market, then who still has no heavyweight technology companies in the A-share market. Of course, Huawei is a company that has announced that it will not go public, and the company system and corporate culture determine that the future Huawei giant will not be listed. Moreover, Huawei in later generations has sprinted to tens of millions or even trillions, and consumers basically can't enjoy much growth dividends when such a large enterprise is listed on the market.

Therefore, Lin Qi decided to list the new venture communication company on the A-share market when the market value was 5 billion. Instead of waiting for the valuation to reach 500 billion, it will be listed. At that time, the rate of return was relatively low, and it was impossible to create a white horse performance stock with a hundredfold or even a thousand-fold growth.

Those white horses in later generations have grown dozens of times, hundreds of times, or even thousands of times before they are recognized by the public as white horses. But everyone knows that those companies are good companies, but in fact, they have missed the growth of those companies.

For example, when the market value of companies such as Gree and Midea is tens of millions or 100 million, you think that they are short and poor, and after 20 years have passed, and the scale is 100 billion or 200 billion, then you will exclaim in hindsight -- white horse stocks, value stocks! However, when people are growing at a high speed and making high returns, the market does not think that such a good company will grow to that extent in the future.