At the end, Fang Hongyan said succinctly: "What is the specific situation of the 307 companies that have survived the C round of financing stage into eight directions? ”

When Tian Jiayi heard him ask, he immediately flipped through a few pages of materials and found the corresponding data, and then said: "There are 79 in the direction of electronic information, 46 in the direction of biology and new medicine, 12 in the direction of aerospace, 32 in the direction of new materials, 33 in the direction of high-tech services, 38 in the direction of new energy and energy conservation, 19 in the direction of resources and environment, and 48 in the direction of advanced manufacturing and automation." ”

After listening to the report, Fang Hong glanced at the ceiling, crossed Erlang's legs thoughtfully, and seemed to say to himself: "Well, it's okay, if there are 10 to 20 companies that become the top of the line, it will be a big success." ”

These more than 300 startups have survived the C round of financing, and the more than 200 that survived in the end are not a big problem, and the more than 50 of them can be listed in the future mainland A-share market is not a big problem.

In fact, if you really want to go public, 200 of them can get it, and 80% of the listed companies in the A-share market are not as good as these 200, because the vast majority of A-share listed companies are really rubbish.

But Fang Hong will not do this, because he wants to promote the plan of building a "Characteristic Valuation System of Stars", which is a strategic long-term plan, and must ensure that the underlying assets of listed companies of Stars are high-quality assets.

It is necessary to give a strong logic to support the market value for a long time, and the underlying assets are high-quality assets is the fundamental logic that supports the market value.

If you get a high-quality company to a big A, if you get a bad company, it is equivalent to smashing the signboard of the "galaxy", and the effect that Fang Hong wants is that if you take time to get a listed company under the "characteristic valuation system of the galaxy", investors will buy it without brains.

If there is a big fall, you can buy boldly, as long as you follow long-termism and value investment, even if it is chasing high quilts, as long as the time period is extended, the high point at that time is also the stage buying point in the future.

As long as you stick to the value, the stocks of the galaxy will definitely give investors satisfactory returns, make money steadily, and the trend is as stable as the index of U.S. stocks.

To achieve this, the underlying assets of listed companies must naturally be logically sound and of sufficient quality.

And shareholders can buy with their eyes closed, that is because these listed companies are all Qunxing Capital helps investors strictly screen and filter out bad companies, and those that can be listed are really good companies.

After a while, Fang Hong instructed: "The three sharing economy projects over there can be planned to be listed." ”

Tian Jiayi nodded and asked, "What about WeChat?" ”

Hearing this, Fang Hong said: "This is not in a hurry. ”

Most of the sharing economy concepts are chicken feathers, and there are not many that can really make money, and the three sharing economy projects under Quantum Beat are the most profitable in this field.

"Ukefang" in the field of shared homestays is benchmarked against foreign "Airbnb"; The "Kyushu Tour" in the subdivision of online car-hailing is benchmarked against Uber in the United States, and the "Maker Workshop" in the shared office field is benchmarked against WeWork in North America.

Youkefang, Makerfang and Kyushu are currently the leaders in their respective industries in China, and there are many followers, but they can't catch up.

Obviously, these three companies can only take the route of backdoor listing, and as for shell resources, Qunxing Capital has prepared a lot of them.

Tian Jiayi asked: "How much valuation do these three companies give?" ”

Fang Hongsi pondered and said: "The valuation of Youkefang will be 50 billion, Makerfang will be given 3.5 billion, and Kyushu will be given 40 billion. ”

The top ten-fold increase scale, the market value of Youkefang is about 550 billion, the market value of Makerfang is about 385 billion, and the market value of Kyushu Bank is about 440 billion.

I have to say that Fang Hong's initial valuation of the listed companies in the galaxy is very low, and they must all be undervalued.

On the one hand, this is to give cheap chips to the market makers and capital institutions that do market value management of Qunxing Capital, and get the cake; On the other hand, it is to give the market the wealth effect of listed companies in the galaxy.

Market value management, as soon as the time cycle is extended, investors look back many years later, since the listed subsidiary of the good guys galaxy landed on the big A, after the resumption of rights, it has risen dozens of times, hundreds of times or even hundreds of times at every turn.

At present, there are dozens of shell resources in the hands of Qunxing Capital, and some retail investors do not know that their trapped stocks will turn into phoenixes at any time one day in the future.

At the end, Fang Hong added: "Also, Yixing Media got it for me in the first half of this year, what is the current asset income statement of Yixing Media?" ”

Tian Jiayi recalled for a moment and replied: "The total assets are 147 billion, and the scale of liabilities has reached about 82 billion. ”

Fang Hong nodded to himself, thought for a moment, and immediately said: "Then the valuation is 60 billion, and after landing on A-shares, it will be maintained at 150 billion, and then the market value will fluctuate in the range of 150 billion to 200 billion, and wait for the value growth to fill the bubble before breaking through." ”

The direct arrangement was clear, Tian Jiayi stared at the folder on his lap, and memorized these decisions of Fang Hong one by one.

After a while, Fang Hong said again: "Kunpeng Technology also borrowed a shell to get into the A-share market, the company's current equity is in my name, directly package 47 billion to Qunxing Capital, and then value 5.5 billion to get up." ”

Chu Changxing's Kunpeng Technology found Fang Hong in the angel round financing stage, and raised 10 million funds to sell 45% of the other party's equity, and then successively financed several sums of money, and now it is sold to Qunxing Capital for 4.7 billion, which can be regarded as a profit, but it doesn't make much, so it makes about 10 billion.

Because Kunpeng Technology is fighting against DJI for "money ability" and burning money, it is Fang Hong's personal funds in the name of Kunpeng Technology to support Kunpeng Technology.

DJI is also struggling at the moment, and the capital chain is a bit unbearable.

The current pattern of the commercial UAV market is that the boss and the second are in the "rush", and then the third, fourth, fifth, and sixth who have just emerged are dead and disabled, and there is not even the soil for survival, because the boss and the second are fighting a price war, resulting in no money at all, unless you can get money, but you can't finance it.

Because the capital is not stupid, if you want to invest, you will also invest in the boss or the second, but the current situation is that DJI is still stubborn and does not accept the introduction of capital, and the second Kunpeng Technology is not short of money at all, and the father of the financier behind it has become the richest man in the country and the fifth super-rich in the world.

In the face of this situation, the investors who want to stretch out their hands in this field can only stare dryly, and would rather watch the play than invest money in the third, fourth, and fifth children, because there is really no hope, and the probability of investing in it is almost 99%.

DJI is really reaching the limit now, and the landlord's family has no surplus food, and the few steel hammers that he managed to save a few years ago are almost exhausted.

Now there are two ways in front of DJI, one is to give in to the latecomer Kunpeng Technology and admit defeat, give up the market share and be eaten away by the opponent, and the final fate may be gradually decline and collapse; The other way is that Tamad can't manage so much, so he directly fights with Kunpeng Technology, introduces capital and gets money, and continues to work hard with Kunpeng Technology.

As long as DJI speaks, as long as it is willing to accept capital, give money with one hand and equity with the other, the money is in place in minutes, and it is the kind that is enough.

……

(End of chapter)