Chapter Seventy-Four: Let Capital Work (I)
Li Xianyun really didn't plan to resist all by himself, but he definitely wanted to take the big head.
After thinking about it at this moment, Li Xianyun said: "Yisheng Media invested 10 billion, valued 40 billion, raised 8 billion, and released 20% of the equity. This is the part of the head office, and the subsidiary is counted separately. ”
Four tens of billions? So cheap?
Compared with the future of holographic equipment, this price is ridiculously cheap, and Miao Hui is ready for a valuation of hundreds of billions.
Miao Hui and the others looked at each other, and Miao Hui asked, "How to calculate the core pieces?" ”
When they counted the suppliers before, they did not count the core components produced by Chaoshen Technology itself, and the price of this part can be set in advance.
Li Xianyun said: "200,000 meters of gold." ”
Exercise!
If you do this, it will cost 1.7 million meters of gold.
Miao Hui frowned: "That's a matter of a few optical parts." ”
Li Xianyun's face was pale, and he said seriously: "How can it be so simple, there are also many core designs." ”
I believe you're evil, you just want your R&D company to make some money, but that's normal.
"What about the problem with overseas subsidiaries?" Lan Chaoyang asked.
The use of subsidiaries by the head office to transfer benefits is also a problem. Although Li Xianyun does not cheat investors, he still has to ask clearly.
"The head office automatically owns 33% of the shares of the overseas subsidiary, and the rest is owned by Yisheng Media. The plan is to separate production and sales. The head office sells the equipment to the subsidiary, which is responsible for overseas sales. The sale price is roughly equivalent to a two-year lease price, limited to 10,000 units in the market. ”
Miao Hui said: "Doesn't that mean that the head office only makes money from selling goods, and the subsidiary is the main profiteering?" And only 10,000 units are sold? ”
What do you do to calculate this?
Li Xianyun is doing this, basically R&D, production, and sales, which are completely disjointed, and they are also limited.
The biggest advantage of this is that the barrier to entry is low, and it is also easy to manage.
No wonder it is only valued at 40 billion.
But Li Xianyun doesn't cheat people, he will explain everything clearly, and you will calculate it yourself.
At this moment, Li Xianyun said: "It's not just a market of 10,000 sets, it's a market of 10,000 sets, and the equipment always has to be updated." There is also the profit of the head office, depending on the cost compression, the production cost of 1.5 million meters of gold is only an estimate, I feel that there is still room for compression, and the profit will definitely increase. In addition, the head office also owns one-third of the shares of the subsidiary. The subsidiary is going to be sold to the outside world in the future, so it is necessary to release the equity, because it is sold to the subsidiary, so the subsidiary needs funds, otherwise we will not be so easy to open the market. My plan is actually very simple, that is, the subsidiary will raise shares and let the shareholders help us complete the sale. ”
It turned out that this was the case, no wonder Li Xianyun said that he had other ideas about sales.
That's right, things can only be done if everyone's interests are tied together.
Li Xianyun continued: "Of course, I can also understand your thoughts, so I promised three things. First, I will put half of the funds obtained through the sale of equity into the subsidiary, as the company's operating expenses, and sell 49 points of shares, so in fact, Yisheng Media only owns half of the value of the remaining shares, and in terms of actual holdings, you and I have to add up to 51% of the company's control of the subsidiary. 2. All patents are directly placed in our newly established head office, but they are limited to holographic cinema equipment, and other derivative use rights are not included. In this way, a two-way clamp is formed, and without these patents, my R&D company cannot produce on its own, and the subsidiary cannot exist independently. If you think it is appropriate, the subsidiary can continue to invest in the shares, but I don't recommend this, the core purpose of our release of equity is to let those foreigners serve us, quickly open the market, protect the market, not raise funds. Finally, if the sale fails, you can repurchase the equity. ”
Hearing Li Xianyun say this, everyone was relieved a lot.
Chaoshen Technology grasps the core parts, the new company obtains the exclusive right to the patent, and at the same time, it is necessary to jointly hold shares in order to achieve absolute control of the subsidiary, so that everyone must cooperate to benefit both sides.
According to the calculation of 10,000 sets of leases in the future, under the half of the profits, the annual income of the subsidiary alone will not be less than 5 billion meters, and the shares of 33 percent of the subsidiaries are 1.5 billion, which is converted to nearly 10 billion a year, plus the profits from the sale of equipment by the head office to the subsidiary, the annual income is expected to be no less than 12 billion.
Thinking about it this way, the valuation of 40 billion is really not expensive, of course, the premise is that 10,000 sets can be sold - then on the other hand, the limited edition of 10,000 sets is not a problem you need to be dissatisfied with.
I immediately felt acceptable.
And the reason why they feel that they can accept it is that they still feel that at this price, it is not easy to lease 10,000 sets.
Miao Hui is not a film and television person after all, and he doesn't understand film and television.
They only know that 3D screens have not been able to dominate the market, 2D screens are still the most, and the IA large screen is only 1,000 yuan in 20 years, and the price of this thing is more expensive than IA, 10,000 yuan is the limit.
But they misapplied that criterion.
The first is that they don't know that holographic theaters are only rented and not sold, especially without screens, and the transformation cost is low, resulting in a lower entry threshold!
The second is that the development of science and technology is not necessarily the low-end, but more likely the mid-end.
Holographic movies are unlikely to eliminate 2D screens, but they can basically eliminate 3D, this is because 3D is also a three-dimensional image, holographic is also a three-dimensional image, and the three-dimensional image effect of holograms beats 3D, and the entry threshold is low, so in homogeneous contrast, holograms can almost completely replace 3D.
So how many screens are there in total in 3D?
So far, there are about 70,000 pieces in the world.
On the contrary, 2D is not easy to replace, because 2D has the characteristics of 2D, the threshold is lower, and the artistry is higher.
The high-level machines replace the low-level machines, but the manual work will not be completely replaced, because the latter gradually develops into a work of art.
That's what 2D is!
No matter how popular holographic movies are, 2D can be retained, but 3D is difficult to preserve.
Therefore, the potential of holographic is to fully replace 3D, which Miao Hui is not professional, otherwise he would never accept the market limit of 10,000 yuan.
In the end, they don't know the future film market - the original world alone has developed to tens of thousands of Chinese theaters, which is different from the original world, but Li Xianyun has already seen that at most, it is lagging behind, or it will not be long before it will develop to tens of thousands.
The huge market volume has to be grabbed, so this expectation cannot be put down, so lock the upper limit and sell the equity at a low price, so that everyone can invest to the greatest extent at this stage - grab time.
As for saying that only holographic theater equipment can be understood, holographic technology is infinitely derived, and it is impossible to give them just like that, but with Li Xianyun's temperament, it must be a happy cooperation, and then we can continue to deepen the cooperation in the future.
Of course, this does not mean that they will not talk about conditions, and they will definitely talk about it later.
Although the four major funds are not for angel rounds, this kind of product is no longer a risk when the technology is completed, and it cannot be regarded as an angel round in a certain sense.
The real angel wheel is holding PPT, and the eight characters have not been skimmed to open their mouths to pull investment.
Li Xianyun completed the technology research and development by himself, and officially launched, considering the future market, the patent authorization alone is worth this price, and it definitely belongs to taking care of friends.
To put it bluntly, the biggest advantage of cooperating with Li Xianyun is that the risk is small, and the biggest disadvantage is that the upper limit is low - this product has always guaranteed you the bottom and capped to ensure that you make money, and you are not allowed to make crazy money.
Proper big-header.
Lan Chaoyang asked: "Yisheng Media wants to come up with 10 billion, it's not so easy, right?" After all, you still have theme park plans. I think it's worth 40 billion, and the four of us will get 40 percent. ”
Big funds are, and they are billions casually.
It's not your own money anyway.
Li Xianyun said calmly: "Yisheng Media does need funds, in fact, I plan to borrow 50 billion this time." ”
What?
Everyone was confused.
Lan Chaoyang said that it was not easy for Yisheng Media to get 10 billion, but he actually knew that the theme park would not need so much money.
But Li Xianyun is now borrowing 50 billion?
When did you have such a big funding gap?
Or Miao Hui understands Li Xianyun: "Do you have any big plans?" ”
Li Xianyun nodded: "Hengtai." ”
Exercise!
Everyone scolded in their hearts.
Li Xianyun, you are really awesome, even Hengtai wants to eat?
Hengtai is now the same as Huayou back then, but it is hundreds of times larger.
But the current Yisheng Media is not the Yisheng Media of the year.
Miao Hui said: "Do you want to eat Hengtai?" ”
"To be exact, it's to eat the upstream merchants first." Li Xianyun talked about his general plan.
After listening to Li Xianyun's plan, Miao Hui and they understood.
Are you waiting for us here?
In the past half a year, Jiang Zheng has already figured out the situation in the area of Hengtai Jiangcheng.
Hengtai Real Estate Jiangcheng Development Company has assets of about 12 billion yuan here, and the amount of liabilities is as high as 11 billion yuan.
But this does not mean that they can easily repay their debts, the assets themselves have a floating value, under a large number of stock and debt disputes, all assets are sold, and it is good to be worth seven or eight billion, and then there are a bunch of creditors robbing.
For Li Xianyun, it is not difficult to eat this part, but what is difficult is a bunch of ruffles and disputes.
In this matter, it is necessary to have a company that is good at capital operation to help solve it.
The four capital tycoons are here, what are they doing idle?
Let's work for Lao Tzu, otherwise why give you shares?
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