As soon as the weekend is over, it will be Monday, March 5th.

In today's A-share market, the index opened slightly higher and then fluctuated all the way down, but the ST plate and the shell resource concept plate opened with various take-offs and were sought after by funds.

As a result, today's market of Big A has made many shareholders speechless, especially the shareholders who are extremely speechless.

Good stocks are falling, and a bunch of junk stocks with poor performance are in the red across the board.

What is this called?

However, this is not unexpected, the biggest logic of the take-off of today's ST plate and shell resources concept plate is that it is stimulated by the backdoor listing of the five subsidiaries of Qunxing Capital that fermented during weekends and weekends.

Investors found that Qunxing Capital, a super giant that has invested in the past few years, is actually going to 2,000 companies, which is really scary.

The vast majority of these companies are dead, but there are still more than 300 companies that have received Series C financing.

Recently, Qunxing Capital is going to land on Big A with five backdoor companies, and it is obviously accelerating the listing plan of its subsidiaries, and the more than 300 companies that have passed the C round of financing, even if 20% are going to be listed, it is sixty or seventy.

Coupled with the trend after the listing of the subsidiaries of Qunxing, Weibo has risen by more than 35 times, Yixing Video has increased by more than 37 times, and ATL has also increased by 7 or 8 times.

Expectations are too strong.

The concept of those shell resources, the value of ST's junk stocks injected strong expectations, once it was "turned over" by Qunxing Capital, it was a second pheasant turned into a phoenix, and the stock price skyrocketed several times or even more than ten times.

Because of this, these junk stocks are now being sought after by money and are constantly rising.

It is to bet that you can be "flopped" by Qunxing Capital, first come to the ambush and then say, bet on the right direct vertical take-off on the spot, bet on one or two The probability of picking up the treasure is small, then bet separately, bet more, and the probability will not come up.

Such a frenzied increase in Yixing Video, even if you bet on 30 stocks, even if the market value of the other 29 is zero, as long as you catch Yixing Video, you can not only reduce all the losses of the other 29 to make up for it, but also make a lot of money.

This has caused the junk stocks in today's ST plate and shell resource concept plate to take off across the board, setting off a tide of price limits.

……

In the afternoon, Tranquility Villa.

A luxury car drove to the door of the villa, and the person who got out of the back seat of the car was a young man, who was Qin Feng, the head of Xingyu Technology.

The walnut girl came to the outside of the villa to open the door and led Qin Feng into the living room on the first floor of the villa.

After a while, Qin Feng, who was sitting alone on the sofa in the living room, saw Fang Hong walking down from the second floor, he came to the sofa in the living room, sat down on one of the single sofas, looked at Qin Feng and said concisely, "What's the matter?" ”

Generally speaking, there is nothing big about Xingyu Technology, and Qin Feng will not come to him.

At this time, Qin Feng said: "The main thing is the matter of chip semiconductors, as well as the problem of Apple's entry into the Greater China market this year. ”

Fang Hong immediately said: "What's wrong with chip semiconductors? ”

Qin Feng replied in a deep voice: "The problem of domestic substitution, the upstream and downstream industrial chain can't keep up with the progress of Xingyu Technology, which makes our domestic alternative strategy fall into a very passive situation, and it is very uncomfortable, Xingyu Technology is mainly engaged in chip design, but other links such as lithography, etching, gluing and developing and so on can't keep up, you can't let Xingyu wrap up the entire chip industry chain, right?" ”

Obviously, Qin Feng is here to complain, and wants to let the gold owner's father Qunxing Capital accelerate the promotion of domestic alternatives for the whole semiconductor industry chain, although it is also engaged in it, the high-tech super industrial park in the western suburbs of the new city has been built, and a large number of high-tech enterprises are also stationing, especially those who do semiconductors.

However, this is not enough.

Qin Feng looked at Fang Hong and said in a solemn tone: "As the saying goes, guns shoot birds, people are afraid of being famous, pigs are afraid of being strong, the company's smart phone, there are many things that are inseparable from foreign countries, especially the chip, I am now very worried about foreign chips from Xingyu Technology." ”

Fang Hong was quite surprised in his heart, this Qin Feng's judgment was very sharp and forward-looking, but he also said quietly: "The chip is stuck in the neck? How so? ”

Hearing this, Qin Feng analyzed: "This year is a year for Xingyu Technology and Apple to face competition, I am not afraid of the competition on the table, but I am afraid that the opponent will make a trick of flirting with yin legs and sprinkling lime powder." My conclusion is that Apple can't make it in the Greater China market anyway. ”

Fang Hongyan said succinctly: "Go on, expand and talk." ”

Qin Feng said in an orderly manner: "I made a deduction myself, assuming that I am the head of Apple, and I enter the Greater China market this year, if I can directly grab the market share of Xingyu Technology through the competition of the product itself, it is the best, but if I can't compete with it, such a big market, I can't stop there, I will definitely go to K Street to lobby Huashengton, cut off the chip supply of Xingyu Technology, and directly seal my throat." ”

A market with such a huge population, now Xingyu Technology has created an annual sales volume of 20 or 30 million units, and it is still growing rapidly, this market is still in an incremental trend, and it is even more unimaginable in the next few years.

Qin Feng continued: "As long as the chip supply of Xingyu Technology is cut off, it is impossible for new products to come out, and Apple can eat the blank market left behind." Take another 10,000 steps back, if these things don't happen, Apple's products come in and sell well, and if we want to complete the domestic substitution of chip semiconductors, we can't let foreign companies eat our market. ”

At this moment, hearing what Qin Feng said, Fang Hong only felt two words, rest assured!

Under his helm, Xingyu Technology can really sleep with confidence, and there is no need to worry too much at all, but Fang Hong still said quietly: "How can you say this?" ”

Qin Feng explained clearly: "Now the cost of chip semiconductors is becoming more and more difficult to amortize the cost, in the past, a subdivision could allow multiple companies to survive, and the R&D cost of each enterprise could be amortized, but under Moore's Law, there are fewer and fewer companies that can amortize the R&D cost, such as lithography machines, the global market can only allow Esmoore to survive, and more can not survive." ”

The reason is very simple, that is, the cost of R&D is getting higher and higher, so there is a need for a huge market to amortize the cost of R&D.

After a pause, Qin Feng looked at Fang Hong and said, "Let's put it this way, what if Xingyu Technology's sales of 20 or 30 million mobile phones a year become the sales of Apple's iPhone series?" That means that Apple's R&D costs will be greatly amortized, and there will be more profits to support him to develop more advanced chips, so as to continue to lead the market. ”

"China's huge market, the economy is in rapid development, the future will be born the largest middle class group, with our population base, the future market user increment is expected to be said to be an order of magnitude with all developed countries in the world, which is a dense technology industry such as smart phones, with this market to bring about cost amortization will be how big, can be imagined."

Immediately afterwards, Qin Feng added: "This is the case with Apple, and the logic of the entire chip semiconductor industry is also the same, and the foreign exchange consumed by China's imports of chips is almost the same as that of oil imports, and it may even exceed oil imports in the future." ”

Speaking of this, Qin Feng sighed: "Foreign chip semiconductor companies rely on the Greater China market to amortize how much cost, this should be left to our own semiconductor company, the most important thing is that it will lead to domestic substitution can never catch up, we are trying to catch up, but our market has been helping opponents amortize R & D costs." ”

"Under Moore's Law, the opponent's replacement is accelerated, you finally catch up with this generation, the performance of people's new products has been two generations ahead of you, how to play? It can be said that as long as Moore's Law does not fail, we may never catch up. ”

Qin Feng finally said firmly: "If we want to achieve domestic substitution, we can't let foreign semiconductor companies, including Apple, have so much sales in our market, and if the sales volume does not go up, it will inhibit their cost amortization, and after it is difficult to amortize, the research and development speed of the opponent will inevitably slow down, so that we can catch up and achieve the real gap narrowing or even catching up." ”

……

(End of chapter)