But now, with the launch of the battery plate and chip plate in Shangsha, as well as the rapid development of the Mate 2 mobile phone, Shangsha Technology has encountered a new problem, that is, the capital sector has begun to tighten again!

The focus of running a business is nothing more than two: money and people!

Although the estimated sales volume in 07 is close to 3 billion, in 06, the annual sales of Shangsha Technology are only more than 1 billion, and the profit is less than 2 billion.

The R&D budget of Shangsha R&D Center alone in 07 years has reached 270 million.

What about the cost of the battery sector?

What about the cost of the chip sector?

What about the cost of the marketing sector?

What about other administrative miscellaneous expenses?

What about taxes?

And how much does it cost for Sheng Huainan to drive his own Cadillac to go relaxed and easy in his leisure time?

It's not easy to start a company!

The core making action is very controversial within Shangsha, it can be said that Sheng Huainan pushed it out alone, and the risk is particularly large, and it will not be an isolated case for OPPO to give up in the previous life.

In later generations, many big giants such as hardware, automobiles, and the Internet got together to do it, and as a result, they gave up core manufacturing one after another after more than a year, and lost hundreds of millions.

Now that Shangsha, a small shrimp company, dares to enter the deep water area, even if Sheng Huainan is a traverser, he must be fully prepared!

This makes the capital chain on the account of Shangsha Technology very tight.

In case of any mistakes, Shangsha Technology will face the risk of a complete rupture of the capital chain.

Now Sheng Huainan is facing such a situation, and there are only two choices.

One is to lengthen the R&D time. In 08, the Shangsha Mate 2 mobile phone was released again, but that point in time was the financial crisis, although now Sheng Huainan does not know whether his little butterfly will change the relevant history, but at that time, there must be a big problem with the new product, in case there is a problem with sales, then there will be a big problem with Shangsha Technology!

The second is to conduct Series B financing or bank loans! Through the second round of dilution of equity, it is also a very good choice to let some interested venture capital or institutions invest in shares, exchange time for space, and open financing channels at this critical node in 07.

He first let Zhang Peng get in touch with many banks in Yuzhou, although most of the banks are quite interested in giving Shangsha technology loans, but considering that Shangsha Electronics Factory has been pledged, the price of the second is not high, so most of the banks only gave a loan amount of about 5 million, and the highest is Yuzhou Bank, Sheng Huainan contacted the bank through the official channel, and it is also a credit loan of up to 10 million, which makes him extinguish the idea of developing business directly through bank loans.

It is no wonder that the private enterprises in later generations could not borrow money, and many of them could only be forced to go to the private sector to do usury with 2 cents, and even some large companies dared to borrow usury with 3 cents like forever big real estate!

As a private enterprise in Yuzhou, he has low debts, and he can't get large credit loans, let alone the kind of small private bosses who are full of debt.

He asked Zhang Peng and many venture capitalists who were interested in Shangsha Technology to propose financing conditions for the transfer of 10% of the shares, and let these venture capital companies give their respective valuations.

A few days later, Zhang Peng contacted a number of private equity funds in the beautiful country and state-owned investment and financing banks in China, although most of them showed a high level of interest after learning about the business of Shangsha Technology.

Their quotations have also been passed on to Shangsha Technology one after another.

70% of venture capital companies value Shangsha Technology at about 3 billion, 20% don't understand the situation at a valuation of less than 3 billion, and 10% of a few companies have a valuation of more than 4 billion, including a round of red shirt capital, and large investment banks such as Gaosheng and Softbank.

These big investment banks have more resources than Sequoia Capital, and as long as they invest, the resources they can take out are more meaningful than taking more money.

With such a large volume, it can also give such a considerable PE value.

Sheng Huainan couldn't help but feel happy when he saw this number.

He didn't expect that the venture capital companies with the highest offer were all from overseas, among which Gao Sheng gave a preliminary valuation of 4.2 billion, which was the highest bid among all companies.

It is no wonder that domestic electronic technology started late, there is no corresponding head company that can match with international brands, and venture capital companies that understand Huaguo's electronic technology industry are also rare, which is why the domestic Internet or some emerging electronic technology companies, the early investment is basically from overseas and Xiangjiang.

Last time, Sequoia Capital, according to 20 times the PE to buy 10% of the equity, 20 times the PE to do the A round, that is, 65 million yuan bid, Sheng Huainan with 15 million unconditional precipitation, according to this price, the total valuation of Shangsha Technology in 13 billion, now in just one year, directly tripled, this multiple, directly made Shen Peng's Sequoia Capital double!

It can also be seen from this that the growth rate of Shangsha Technology this year is fierce!

Anxious to eat hot tofu, Sheng Huainan did not talk to them in depth after getting the quotations of these venture capitalists, but asked Zhang Peng to blow the wind out, so that more private equity knows the situation of Shangsha Technology, fortunately, in this round of financing enough money, taking advantage of the fact that there is still enough hot money in the market now, enough food storage, and breaking through the difficulties of the financial crisis in 08 in one fell swoop!

。。。。。。

Sitting in the Cadillac he bought, Sheng Huainan let his newly recruited bodyguard Tian Mingjian drive in front, and then asked Li Jingshu beside him: "Which neighborhood do you live in now?" ”

Li Jingshu said in a low voice, "Fayuan Community." ”

Sheng Huainan frowned slightly: "I seem to have heard of this community, where is it?" ”

"On Ziyuan Road, Longta Street." Li Jingshu glanced at Sheng Huainan, and a trace of panic flashed in her heart when she spoke.

"Oh! I see, that community is in Huangni Pound, how did you move here? ”

After Li Jingshu's reminder, Sheng Huainan immediately remembered that this place is actually not too far from the Longhu camphor forest where he lives, Sheng Huainan in his later life, he once went back to Yuzhou to see the house when he also paid attention to that community, but I just heard that the community is small two-bedroom and small three-bedroom, the unit area is generally small and many are west-facing or east-facing, so he gave up.

Yuzhou is a very special city, most of the commercial houses here are 3 ladders and 8 households or 2 ladders and 6 households, many of which are west-facing or north-facing, and basically there will be no lighting most of the time.

(End of chapter)