Chapter 997: Ambition, Valuation

To be honest, Feixiang Agricultural Machinery is a physical enterprise, even if it is married to a large domestic institution, the stock price will not be like an Internet company, and the market value will increase ten times or dozens of times out of thin air as soon as it is listed.

Moreover, Lin Chengming's net worth of more than 800 billion yuan, flying agricultural machinery has always been no shortage of development funds.

In this case, Feixiang Agricultural Machinery does not have any financing needs, but why do you need financing?

Lin Cheng's purpose is naturally to marry with the most powerful investment banks and institutions in China, so that Defei Agricultural Machinery can break the geographical restrictions and truly become a large-scale national enterprise.

In a word, Lin Cheng is to use the energy of large institutions to help Feixiang Agricultural Machinery establish a golden signboard.

So, what kind of investment banks and institutions are the forces that Lin Cheng can rely on?

Lin Cheng believes that only large central enterprises such as ICBC, CCB, CITIC Securities, and Ping An Insurance are qualified to marry Feixiang Agricultural Machinery, because these large central enterprises have branches all over the country and have deep relationships with local governments.

The reason is very simple, if the development of flying agricultural machinery in a certain place, but encountered the obstruction of local protection, flying agricultural machinery does not have to come forward, by the local ICBC, CCB leaders and local leaders to talk about it, it is easy to turn the war into a jade silk, for the smooth entry of flying agricultural machinery into the local agricultural machinery market to clear the obstacles.

There is an old saying that shallow water cannot raise a real dragon, but with China's strong rural population and vast cultivated land, China's agricultural machinery market should be able to raise a number of large agricultural machinery enterprises that can compete with the US imperialists, John Deere, AGCO, CNH, Wakuni Kubota, and Germany's Klaas.

However, China's agricultural machinery enterprises have been obscure, in fact, to put it bluntly, or local protection is at work, almost every region has its own agricultural machinery enterprises, large agricultural machinery enterprises can not open the market throughout the country.

In the original time and space, China's agricultural machinery from 2004, the central government to the local implementation of the purchase of subsidies for agricultural machinery policy, every year the central government will invest more than 20 billion, and every year is growing, coupled with the local also increase subsidies, this financial investment is very huge, the effect is also immediate.

The level of mechanization in China's rural areas has increased from about 33% in 2003 to 63% in 2014, which is equivalent to the growth rate in the past 30 years, and the decade from 2004 to 2014 is also known as the golden decade of China's agricultural machinery development.

After ten years of great development, China has become the world's largest agricultural machinery producer, and the output scale of China's agricultural machinery industry accounts for 46% of the world's total, nearly half of the country.

However, behind the dazzling data, there are two extremes of tearing: overcapacity of low-end products and insufficient mid-to-high-end products. There are still many gaps in some high-end agricultural machinery products of Chinese enterprises, and there are still many gaps with large foreign enterprises.

Due to the agricultural machinery subsidy policy, agricultural machinery enterprises have been launched, these agricultural machinery enterprises have no advantages in technology, can only produce outdated small and medium-sized agricultural machinery, so that small and medium-sized agricultural machinery is quickly saturated, and the production capacity is serious.

The proliferation of agricultural machinery enterprises around the country has made it impossible for China's agricultural machinery enterprises to become bigger, resulting in insufficient investment in high-end agricultural machinery, lack of R&D funds, automatic shift or continuously variable speed, intelligent operation processing system, low emission, and large and medium-sized agricultural machinery with more than 200 horsepower can only rely on imports.

Since Lin Cheng has entered the agricultural machinery market, it is natural to change this history, as long as Feixiang Agricultural Machinery can break the cage of local protection by listing this shareholder wind, with the vast market of China's agricultural machinery, it is enough to support Feixiang Agricultural Machinery to become one of the largest agricultural machinery enterprises in the world, and compete with foreign world-class agricultural machinery enterprises.

……

Gao Muhai, deputy manager of the investment department of CITIC Securities, is the person in charge of the financing project of Feixiang Agricultural Machinery, since the news that the Lin Group is about to go public, Gao Muhai immediately accepted the assignment of the general manager to set up the Feixiang Agricultural Machinery Investment Project Team and served as the team leader.

Although Gao Muhai has seen Mao Xiaoli, president of Feixiang Agricultural Machinery, Gao Muhai believes that Mao Xiaoli is not firm in his mouth, and has no decision on the preparation for the listing of Feixiang Agricultural Machinery, Gao Muhai does not look down on Mao Xiaoli, he just wants to have a direct dialogue with Lin Cheng, chairman of Lin's Group, and finalize CITIC Securities' investment in Feixiang Agricultural Machinery as soon as possible.

It's just that Lin Cheng has been staying in the United States during this time, so Gao Muhai has never been able to see Lin Cheng.

Just when Gao Muhai was gradually getting a little impatient, the company finally received the news of Lin Cheng's return to China, and the general manager quickly recruited Gao Muhai.

"Xiao Gao, Lin Cheng has returned to China, have you made an appointment with him to meet?" the general manager asked.

Gao Muhai shook his head and said: "No, this Lin Cheng is too cold, other companies want to go public for financing, which one does not ask grandpa to sue grandma and generally asks our company to invest, where is like Lin Cheng, always put on a face of 'you like to invest, don't vote and pull down'." ”

The general manager heard the dissatisfaction in Gao Muhai's words, but he could only say helplessly: "Lin Cheng is different from others, he is the richest man in the world, and he is not short of money at all."

The reason why he started the listing and financing of Feixiang Agricultural Machinery was nothing more than being forced by the public opinion of the high-level to launch Feixiang Agricultural Machinery and let the relevant high-level executives share the development results of Lin's Group. ”

Gao Muhai suddenly realized: "I see, the richest man in the world is confident." ”

The general manager thought for a while and said: "Feixiang Agricultural Machinery is listed, with the annual sales of Feixiang Agricultural Machinery of 10 billion yuan and the net profit of more than 200 million, it should be highly sought after by shareholders after listing."

The leader also told me that we CITIC Securities must try our best to strive for enough shares of Feixiang Agricultural Machinery.

In this way, I will hang up the phone to the Lin Group later, and finalize the meeting time between you and Lin Cheng as soon as possible, and you can prepare well. ”

Gao Muhai was overjoyed and said: "Yes, general manager! I will immediately go back to prepare and strive for the maximum benefit of the company." ”

"Hmm. The general manager nodded and said: "The meeting with Lin Cheng, the biggest difference may be the valuation of Feixiang Agricultural Machinery, and now the performance of Feixiang Agricultural Machinery has ranked first in the country for three consecutive years, and the net profit is also very considerable."

In my opinion, the maximum valuation of Feixiang Agricultural Machinery is limited to 60 billion, and you can make your own decisions within 60 billion to win the second largest shareholder of Feixiang Agricultural Machinery for the company. ”

"Okay, I see. Gao Muhai responded.

……

As soon as Lin Cheng returned to China, he immediately received faxes from dozens of investment institutions, asking Lin Cheng to arrange time to discuss the financing of flying agricultural machinery with the person in charge sent by the institution.

Although Lin Cheng has become the richest man in the world, he did not put up a show for domestic investment institutions, and arranged a whole day on April 12 to negotiate with investment institutions.

Gao Muhai of CITIC Securities and the project managers of dozens of other investment institutions also got the opportunity to meet Lin Cheng, the richest man in the world.