Once the news of Xingyu Technology's IPO was disclosed, it caused huge controversy in the market, the biggest controversy was that the market value of the issue reached a terrifying valuation of 700 billion, that is, a price-earnings ratio of about 45 times, which was about 10 times more than the previous 35 times price-earnings ratio given by the capital market.

If you want to raise an astronomical amount of more than 70 billion, forget it, and don't give a premium to the secondary market, the market value of the stock reaches 700 billion, how much premium space can there be after listing?

A company is a good company, but it's not necessarily a good stock. If you don't know it, it will become the next middle oil, and the listing will be the peak.

However, the controversy from the outside world and the complaints of shareholders will not have a substantial impact on the IPO of Xingyu Technology, and there is no need to worry about the goal of not raising the amount raised.

Because of the backing of Qunxing Capital, the main force of IPO fundraising is institutions, these institutions may not buy the account of Xingyu Technology or Qin Feng, but can they not buy the account of Qunxing Capital?

How many domestic institutions are now lining up and even trying their best to cooperate with Qunxing Capital, because it is really profitable, look at the institutions next door Peng Rui Capital and Zhongtai Capital who hugged Qunxing's thighs early, and now they are making money.

Even if you drink soup with Qunxing Capital, it is pork rib soup. …… In mid-to-late March, there was a major breakthrough in swarm drone technology from Kunpeng Technology, which was confidential internal news, and Chu Changxing personally came to Jingxinju Villa to report to Fang Hong in person.

"Boss, this is the measured data from Somari." In the study on the second floor of the villa, Chu Changxing was here, and he handed a USB flash drive he brought to Fang Hong, who immediately connected to the computer.

"In this file." Chu Changxing signaled, Fang Hong immediately clicked on it, this is a series of video files, to be precise, internal recordings.

Last year, Chu Changxing received the secret task of developing swarm UAV technology from Fang Hong, and it was researched and demonstrated in China, and the test was placed overseas, and it was on Somari's side, with the cooperation of Blue Fox International, which was secretly established by Fang Hong, and when this technology was made public in the future, it will also be announced as Blue Fox International, and it has nothing to do with Kunpeng Technology.

To put it bluntly, the technology was developed by Blue Fox International, why can a security company come up with this kind of technology?

Of course, it's to save costs, why can't security companies do their own research?

"At present, we have developed two types of rotor and fixed-wing ......," Chu Changxing said, while Fang Hong clicked on a video footage, which was actually tested in a wasteland on Somari's side.

This video recording is a rotary-wing drone, which can hover directly in the air, and the position under the fuselage that was originally used to hang the gimbal has been replaced with an automatic rifle, Chu Changxing said: "This is an early test video, the main purpose is to test stability. In the video image, the hovering suspense drone and the automatic rifle hanging underneath are aimed at a target in front of them to shoot.

"Are people manipulating?" Fang Hong asked.

"This video is a person manually controlling the drone, but we have achieved unmanned, the drone automatically identifies friend and foe, and people only need to issue attack commands to fire at the enemy, at this time, a person is no longer limited to controlling only one drone, but one person can control a group composed of several drones." Chu Changxing explained to Fang Hong in an orderly manner.

He motioned for Fang Hong to open the sixth video file, and the latter clicked on it. This video footage shows a very different picture, showing a medium-sized truck with one in the compartment

"Beehive", the back door of the carriage slowly opens, this

"Hive" slowly moved to the mouth of the carriage, while

The "hive" is visibly represented as a matrix emitter. After a while, Fang Hong saw a fixed-wing drone being launched directly from one of the emholes, as if it had been ejected.

Chu Changxing immediately introduced: "This is a fixed-wing drone, the shape resembles a cannonball, ejected through the 'hive', after breaking away from the hive, the wings in the restrained state will bounce off instantly, each drone can carry a bomb, missiles and the like, each drone has two means of attack, one is the bomb it carries, and the other is the self-destructing kinetic energy killing of the drone itself." "These drones were designed as disposable consumables, and they were launched without thinking of recycling, and the main focus was on a cheap consumable.

The video continues to show that the drones are flying automatically, like swarms of bees, and can pass through small obstacles at high speed, because the drones themselves are small and can even shuttle between the windows of the room.

In the picture, a swarm of sixty or seventy drones launched an attack on the target of a group of local troops on the ground, and dozens of bombs were dropped, forming a wave of carpet bombing in the target area.

Finally, these drones also carried out a wave of dive-pure kinetic self-destruction attacks, and if the target of the attack was a human, it would be either dead or injured.

Chu Changxing looked at the video and introduced in an orderly manner: "The design of the 'hive' is diversified, adapting to the needs of different environments, both on the ground and in the way of airdrop, at present, the UAV out of the 'hive' is still out one by one, but it can also be further improved to increase the frequency of the machine, such as a round of salvo is several, in order to quickly complete the assembly." Fang Hong is not an expert in the military field, but he can also see that the advent of this swarm drone technology may rewrite the way modern conventional warfare is fought.

People still have feelings or are at least afraid of death, but drones do not have the influence of this factor, and this alone is unbelievable.

After a while, Fang Hong asked, "Can graphite bombs and the like pose a threat to swarm drones?" Chu Changxing shook his head and replied affirmatively: "No, graphite bombs are mainly used to destroy fixed targets, such as power plants and high-voltage power lines, but they pose little threat to moving targets, although graphite can make cars, aircraft, etc. short-circuit, but the aircraft is basically insulated and sealed, not to mention that our swarm drone itself is small, tens of centimeters in length, graphite bombs will not pose a threat to it at all." Speaking of this, Chu Changxing added: "In addition, the battle damage ratio is the biggest problem for graphite bombs, our drones are cheap, and opponents can't afford to use graphite bombs, and the only thing that can really pose a threat to swarm drones is the EMP electromagnetic pulse bomb, but this thing is even more impossible, because it can only detonate a nuclear bomb to release an electromagnetic pulse." "It's really to the point of growing mushrooms, and that situation is already an apocalyptic war.

And the battle damage ratio of graphite bullets is not enough, not to mention whether it can pose a threat to the drone, even if it really poses a threat, the battle damage can't stand it, spend 100 yuan to replace the opponent's target worth 1 yuan, and there is no desire to attack directly, when the scale is small, it is changed because of tactical needs, but what about after the scale?

Obviously, it can't afford to change it, it's like the United States using a million-dollar Tomahawk missile to end up an opponent's broken tent, maybe there is no one in this tent, it's a loss to my grandmother's family, and the annual military expenditure of trillions of dollars can't afford such a loss.

At the end, Fang Hong nodded with satisfaction: "Yes, let's finalize and mass produce as soon as possible!" ”……