Xingchen Electronics' performance during this period is also very good, since the second generation of virtual glasses on the market, and disguised price reduction, virtual glasses sales in China continue to be hot, how much basic production, how much can be sold. A large number of scalpers are once again involved, using specialized software to snap up virtual glasses and then sell them at a price ranging from one thousand to three thousand. Xingchen Electronics and Shanshan Mall have thought of a lot of ways to restrict scalpers from speculating in goods, but the effect is not very good.

At the same time, the development of foreign markets has also improved, Asia, Europe, South America, Africa, there are agent sellers, but the production capacity of virtual glasses is limited, the supply of domestic is still insufficient, and there are not many countries that can be sold. Only the Stars and Stripes Country, under the strong intervention of the Order Council, completely blocked the virtual glasses from the country on the grounds of violating **.

In order to meet the needs of consumers, Xingchen Electronics' Huaxinyuan has repeatedly proposed to increase the production capacity of virtual glasses, but they have all been suppressed by Jiao Bai. It's not that Jiao Bai doesn't want to make more money, but the graphene needed to produce virtual glasses is really not in supply. Whether it is the production of graphene chips or graphene batteries, graphene is a necessary raw material. Most of the graphene sold on the market is of low quality and sold at a very high price, so it cannot be used at all. The graphene produced by the Sheshan base in the last days is of good quality and cheap, but the production capacity is very limited. In the foreseeable future, after the new graphene plant in Chengguan City is put into operation, the production capacity of virtual glasses will be greatly increased, and the shortage in the market will no longer occur.

Another profit growth point of Xingchen Electronics is the Xingchen No. 1 chip, which Jiao Bai does not pay much attention to. Originally, this chip was designed by the Xingchen Research Institute and used on the virtual glasses host. After being reminded by Gu Taihe of CITIC Securities, a batch of purely domestic computers were produced using the Xingchen No. 1 chip, which was widely welcomed once it was introduced to the market. Not only has it received a large number of government procurement orders, but it is also sought after by many gamers in the retail market, and its sales continue to increase.

The good performance of Xingchen No. 1 has attracted a number of domestic machine manufacturers, including Lenovo, Founder, Tongfang, Shenzhou and so on. After negotiation, Xingchen Electronics licensed the production technology of the supporting motherboard, interface and board of the Xingchen No. 1 chip to these companies, and only sold them the Xingchen No. 1 chip and the Xingchen operating system. After a period of time, a large number of various brands of national product brand machines and national notebooks appeared on the market. No matter how packaged or advertised, they all have something in common: they're cheap, powerful, and full voice operation.

Under the impact of Xingchen No. 1, the sales of Intel and AMD's CPU products in China fell sharply, and the sales of Microsoft's Windows operating system were also affected. All three companies are facing great enemies, on the one hand, lowering the prices of their own products to boost sales, and on the other hand, spreading international rhetoric, desperately smearing Xingchen No. 1 and Xingchen System, one of which repeatedly mentions the issue of information security. In this regard, Jiao Bai just pouted, too lazy to talk to them. To say that the world's most vain information security is these Stars and Stripes enterprises, a "bug door" to pick up their bottom of the bottom, and now there is still the face to accuse others of disregarding information security, what about your face.

Anyway, Xingchen No. 1 is mainly targeting the domestic market, and if you want to sell to the country, SMIC's production capacity is not enough. Jiao Bai and other group leaders did not speak, but a cadre of chip R&D personnel from Xingchen Electronics and Xingchen Research Institute was stimulated, since you poured dirty water on me, I won't let you feel good. These people worked together to appropriately simplify on the basis of Xingchen-1 and launched two chips using 28nm process, which together with Xingchen-1 formed a full range of high, medium and low product lines, further compressing the living space of Intel and AMDCPU products. SMIC's 14nm process has limited production capacity, and the yield rate is not very high, but the 28nm process is different, which is the previous generation process, the cost is low, the yield rate is very high, and the production capacity is as much as possible. When Jiao Bai was still in Chengguan City, the low-end chips of Xingchen Electronics were listed at the price of super cabbage, swept the low-end computer market, and exported a large number of them to third world countries.

Thanks to the hot sales of Xingchen series chips, the installed capacity of Xingchen system continues to increase, and more and more Internet companies and software manufacturers have launched software adapted to Xingchen system, and the software ecology of Xingchen system has been initially completed and is becoming more and more perfect.

Under the operation of CITIC Securities, the IPO road of Xingchen Electronics has gone quite smoothly, and now it has passed the meeting and is waiting in line for the listing date. As a high-tech enterprise that has mastered the two exclusive technologies of virtual glasses and domestic CPU, a proper super unicorn company, whether it is an investment institution or the majority of shareholders, is very optimistic about the future of Xingchen Electronics, and they have prepared a large amount of funds, just waiting to hit the new and cut into the circulating stock market. It is foreseeable that once Xingchen Electronics is listed, seven or eight price limits are certain, as for whether it can reproduce the myth of the 34 price limits of Baofeng Technology, it depends on how high the confidence of shareholders in Xingchen Electronics is.

In stark contrast to Xingchen Games, Xingchen Electronics' revenue soared, Shanshan Trading, as one of the first two companies established by the group, suffered a huge loss of up to 150 million yuan in the first quarter financial report. As a rising star of online shopping sites, Shanshan Mall has formed a strong impact on Taobao, Xdong, and Pinduoduo, the top three shopping sites, with its complete variety, low price, authenticity guarantee, and pre-installed virtual glasses.

In order to further expand the influence of Shanshan Mall, in the past three months, Shanshan Commerce and Trade has spent 500 million yuan to buy online and offline advertisements and carry out comprehensive promotion of Shanshan Mall. And combined with the Spring Festival and Lantern Festival, many discount promotions have been carried out. Now the registered users of Shanshan Mall have exceeded 150 million, and there are more than 70 million daily active users.

According to the business plan submitted by Shanshan Commerce, in the next three to four quarters, Shanshan Mall will continue to spend money on marketing until the scale of users expands to more than 500 million. Correspondingly, Shanshan Trading will continue to lose money for more than a year. If it is other start-ups, if they want to spend money like this, they can only give up their shares and carry out financing, angel round, first round, second round...... Financing all the way until you kill all your opponents, or completely gain a foothold, can you reduce the intensity of throwing money. After Duolun financed, until it went public or made a profit, the shares held by the founding team were very limited, and it was up to the founder or the capital to decide who was stronger. ：，，，