Chapter 266: Take a few hundred million dollars out of the loss

The beauties of the Conservatory were invited to walk the catwalk, and it came to the third day. This event attracted a lot of visitors and helped Sihai Group bring a lot of foreign businessmen. Whether to open a bill or not, at least it has achieved a surplus of customers.

So Li Yunhai discussed with Liu Ruyi and Fang Yun, and continued to invite them to the catwalk until the end of the Canton Fair.

Liu Ruyi and other female students are all students in the graduating class, who come out to make money on the catwalk and get permission from the school, which is equivalent to internships for students from other colleges.

On this day, Li Yunhai was at the printer booth to promote micro-piezoelectric printers to foreign businessmen.

The core component of a printer is the print head. Although foreign companies invest in our domestic factories, whether they are joint ventures or wholly-owned enterprises, their core technologies will not be given to us.

The first inkjet printhead developed by China is the micro-piezoelectric technology of Sihai Group.

This kind of advanced technology, the average person does not understand, but peers must understand the scientific and technological content of this technology, which is a huge progress in printing technology.

In 1971, Xerox's Starr Kweiser added a laser beam to an electrostatic copier, and the world's first laser printer appeared.

In 1968, Toyo OKI invented the world's first dot matrix printer, OKI Wiredot.

The world's first inkjet printer, and the earliest patent for inkjet printing, was filed by Siemens in 1951.

After decades of development, various printing technologies have been very developed.

Printing technology has been advancing and evolving over the years.

Today, the micro-piezoelectric inkjet printer developed and produced by Sihai Group has achieved a new technological breakthrough.

Most of the foreign businessmen were very interested in learning about it, and then politely left.

Another day without a harvest.

After returning home from work, Li Yunhai discussed with Lin Zhi that when the Canton Fair was over, he would go to the United States.

Li Yunhai's previous visa was valid for one year, and he could travel as much as he wanted.

Because of Linzhi's special status, the visa to go abroad requires special approval, whether it is for business, private or long-term, temporary abroad, not only the province must approve, but also report to the Ministry of General Affairs of Beijin for approval. Therefore, her visa abroad is much more difficult than that of ordinary people.

This regulation was not changed until 1988, and after 1988, the children of compounds like Nyingchi were approved according to the normal procedures of ordinary people going abroad.

Lin Zhi couldn't accompany Li Yunhai abroad, which made her very depressed. However, she also knew that Li Yunhai went to the United States this time to do big things, and as for going abroad, there will be opportunities in the future.

She was worried that Li Yunhai would have no one to take care of her alone abroad, and thought that Gong Jie had a visa for the United States, so she discussed with Gong Jie and wanted to ask her to accompany Li Yunhai to the United States.

Gong Jie participated in the filming of "Funny Family", the first episode only has 20 episodes, 4 episodes are broadcast every week, and it will be broadcast in five weeks.

The first 20 scenes are almost finished, and Gong Jie happens to have time to accompany Li Yunhai abroad.

Gong Jie said to Lin Zhi, don't worry, I will help you take care of Mr. Li.

Lin Zhi said that you are gentle, sweet and sensible, and you are my big sister, and I believe that you will definitely be very good at taking care of people.

People in this era, especially like Lin Zhi, are kind-hearted and simple-hearted, and they don't have too many other ideas.

A few days later, Professor Ni contacted Li Yunhai and said that he had negotiated with GCA in the United States, and the price could only be less than 20 million US dollars, which could not be lower.

The original price was 800 million US dollars, but only 20 million US dollars were negotiated!

An additional $780 million is needed.

Since Li Yunhai has made a decision, he no longer hesitates.

$780 million!

Voted!

In today's world, the most advanced chip and memory technology is in the hands of Toyo and the United States.

Toyo's Nikon and Mi China's GCA, these two companies account for more than 60% of the global chip market.

In 1986, Toyo's global market share of memory products rose to 65%, while that of the United States decreased to 30%.

Because of the perennial fiscal deficit in the United States, there is a square agreement to restrict the development of the Toyo chip industry.

In 1984, the price of DRAM chips fell from $4 per piece to $0.3 per piece after the Plaza Accord. And the production cost is $1.3!

This means that for every DRAM chip produced by the Toyos, they will lose $1.

Through various economic means, the United States has beaten the DRAM industry of the Oriental people to death.

This period can be said to be an important year for the rapid change of the international situation!

Big Brother North is in the middle of a cold war.

The East and the United States are at loggerheads.

The cost of domestic manufacturing in the United States has soared.

The global manufacturing industry is reshuffling.

Later, everyone knows about it, and the South Koreans picked up a big leak and took the opportunity to develop the semiconductor industry.

China's related production lines, all purchased in the 70s, has been seriously backward.

In our current understanding, the chip manufacturing process represents the performance and power consumption of the chip. Manufacturers often use advanced manufacturing processes as a key promotional point. All along, the iterative evolution of chips has been governed by a prophecy called Moore's Law. Its proposer was Gordon Moore, one of the founders of Intel Corporation. As early as 1965, Moore predicted that the number of transistors per square inch would double every 18 to 24 months.

In other words, the chip will be replaced by one generation in about two years, and China's original production line has lagged behind five generations.

In addition, from the perspective of the international environment, it can be said that this is a cold winter period for the semiconductor industry.

DRAM chips are being sold at a loss.

Li Yunhai wants to go against the market and invest a huge amount of 780 million US dollars to purchase production lines!

The mainstream DRAM chip on the market is 64K DRAM, and the production cost is $1.3 per piece. In the face of the cold winter of the industry, Li Yunhai not only did not shrink investment, but began to reverse investment and expand production capacity.

Li Yunhai is betting on the future!

He believes that tomorrow will be even better.

PC computers are about to enter the hot sales period, bringing prosperity to the industry.

As long as he can survive these two years, Li Yunhai will definitely be able to successfully turn around and usher in performance growth.

At the same time, semiconductor manufacturers, as well as South Korea's Samsung, are also making reverse investments, and will lose hundreds of millions of dollars in recent years!

Li Yunhai's idea is to buy the bottom when the industry is at its lowest, take out hundreds of millions of dollars to lose money, and then earn it back later.

But in the past few years, Li Yunhai needs to find a way to make more money in order to maintain the development of this industry.

Our economy is weak, and it is basically delusional to rely on national strength to invest.

Between 1982 and 1992, the total investment in fixed assets of China's integrated circuit industry was only 1.5 billion yuan, which was tantamount to a drop in the bucket for the development of the industry.

Li Yunhai can only raise funds on his own.

He had several options in mind right now.

The fastest way is to use the fixed assets of Sihai Group as collateral to the bank, and you can get a loan, and if you don't dare to say more, there should be no problem with hundreds of millions of yuan.

No matter how much it is, the bank will not dare to borrow, and Li Yunhai will not need to borrow.

The debts of enterprises must be controlled to a certain extent.

The company's debt ratio is equal to the total debt divided by the total assets, multiplied by 100%.

Generally speaking, it is most reasonable to control around 40%.

Otherwise, once the capital chain of the enterprise collapses, it will be doomed.

The fixed assets of Sihai Group are only Tianhua Building, Sihai Center and several production plants, plus the Navy Building in Xiangjiang.

There is no problem at all with these assets, borrowing hundreds of millions of yuan.

Li Yunhai wants to raise money, and there is another way: go public.

Although there are already joint-stock enterprises in China, and some companies have issued shares, but the scale is not large, most of them are small enterprises with millions of shares, and many enterprises have issued shares, but no one buys them, and the stocks are issued through apportionment.

As for the securities market, it will take at least six years to be established.

If Li Yunhai wants to go public, he can only go through offshore channels.

The nearest offshore listing place is Xiangjiang.

This is followed by Singapore, and then by the United States.

As we all know, there have always been capital controls in China, so what exactly are capital controls?

For example, if Li Yunhai wants to buy stocks in the United States, that is, to invest in overseas securities, then he needs to do two things, one is to exchange the yuan for dollars, and the other is to use the dollars to buy the stocks of the United States. In fact, capital control is the management of these two links, one is the link of exchanging RMB into US dollars, that is, the exchange link; The second is the link of buying Chinese stocks, that is, the cross-border capital transaction link, due to the existence of capital control, the domestic purchase of overseas stocks and bonds, and the overseas purchase of domestic stocks and bonds are restricted.

But in the 80s, no domestic company had ever gone through an offshore listing, and neither did Xiangjiang.

The first domestic company to be listed in Hong Kong was on June 29, 1993, which was also a day that went down in history. On this day, Tsingtao's beer company was listed on the Hong Kong Stock Exchange, becoming the first mainland company to be listed in the form of H-shares.

Therefore, Li Yunhai wants to raise funds in the stock market in Hong Kong, unless he is a Hong Kong-funded enterprise.

It's not hard to do that.

Li Yunhai registered a company in Xiangjiang, Haihua Company, which is an offshore company controlled by himself.

Sihai Group and Haihua Company cross-sharehold.

Li Yunhai can use the name of Haihua Company to list and raise funds in Xiangjiang.

To be listed on Hong Kong, it must meet the requirements of at least HK$50 million in profit in the past three financial years, at least HK$20 million in the most recent year, and at least HK$30 million in cumulative profit in the previous two years, and at least HK$200 million in market capitalization at the time of listing.

This condition is not harsh.

Haihua fully meets the financial requirements.

During the same period, large and medium-sized local companies in Hong Kong have been listed, and there is a serious shortage of IPO resources in Hong Kong.

The leaders of the Hong Kong Stock Exchange have long been aware of this. They are well aware of the value of Hong Kong as an international financial centre and the huge demand for capital from mainland enterprises, and they are keenly aware that once the two are combined, they will burst out with great energy.

With a population of only a few million and a stock market of HK$300 billion, Heungjiang can only be regarded as a marginal market in the world, and only by cooperating with mainland enterprises can it become the most important capital market in the Asia-Pacific region.

Li Yunhai estimated that he wanted to be listed in Xiangjiang, and there was no big problem.

But there is one point, that is, whether it is Haihua Company or Sihai Group, the establishment period is less than three years.

However, Li Yunhai can use the listing of Xiangjiang as a major channel for his future financing.

With these financing possibilities, Li Yunhai will invest all his net worth in chips and memory, and he will have greater confidence.

The Canton Fair is still ongoing, and the business of CCA and computer typewriters is relatively stable.

Li Yunhai wanted to take the time to go to the domestic chip factory to have a look.

Before officially purchasing production lines in the United States, let's understand the domestic market.

As mentioned above, China has vigorously developed the chip and memory industry in the 70s.

Until 1985, China developed the first distributed projection chip machine, using a 436nm G-line light source.

This chip machine is only about 7 years different from the international mainstream products.

However, this is just a sample!

It's like saying that Feng Ru built an airplane in 1909, but in 2018 we are still buying an Airbus 380 because they are not the same thing at all.

Being able to create a sample does not mean that it can be mass-produced, nor does it mean that the product you produce has a market.

Li Yunhai handed over the Canton Fair to Lin Zhi to be in charge, and he flew around Beijin and Shanghai to participate in the most advanced chip factory in China.

After shopping around, Li Yunhai found that domestic chip manufacturers are still far from the mainstream 32-bit microprocessor 80386.

This also strengthened Li Yunhai's determination to purchase the most advanced production line in the United States.

When Li Yunhai returned to Huacheng, it was already the end of April.

The Canton Fair was held for more than half of the time.

What makes Li Yunhai speechless is that the printer has not yet received a big order.

Li Yunhai traveled for several days in a row, either by car or plane, and he was really a little sleepy.

After returning to Zhiyuan at noon that day, he covered his head and fell asleep.

When I woke up, it was already more than two o'clock in the afternoon.

It just so happened that the anti-theft doors and windows had been done, and the workers came to install them.

Li Yunhai stayed at home and watched the workers install all the anti-theft doors and windows.

He had paid a deposit, and when the workers had finished installing it, he settled the balance.

The windows of the villa are not big, and the anti-theft windows installed are all thumb-thick steel pipes.

The proximity of the house to the main road also has a little advantage, that is, although the thief is concerned, it takes a lot of time to break through the window, it is difficult to be secretive, and it is easy to alarm people nearby.

Originally, the wall was only one meter and two meters high, but Li Yunhai increased it to three meters, and it would definitely be difficult for idle thieves to climb over the wall to enter.

Safety is more important than a wide line of sight.

Li Yunhai finished everything, and Lin Zhi and the others came back.

As soon as he entered the door, Lin Zhi laughed and said, "Sea of clouds! Wedding! ”

"Where does the joy come from?" Li Yunhai asked.

"The printer has received an order! There is a foreign businessman in Europe who has purchased 10,000 printers! ”

"Oh, that's good."

Although there are only 10,000 units and a total price of $4.5 million, it is not a lot of money, but it is a good start. Compared with those companies that are difficult to open an order, it is already a breakthrough.

Li Yunhai asked them, "Where are you going to eat?" ”

Lin Zhi opened the refrigerator door and took out a lot of meat: "Don't go out to eat, let's cook and eat at home!" I'm tired of eating the dishes in the restaurant outside. You're not here these days, and we're all cooking and eating by ourselves. ”

In Zhiyuan, there are four women, Lin Zhi, Shen Xiulan, Gong Jie and Cheng Lin!

Isn't it easy to make a delicious meal?

They didn't need Li Yunhai to do it, the four of them divided the labor, washing vegetables, cutting vegetables, washing rice and cooking, and they were very busy.

Li Yunhai sat in the living room, watching TV while listening to the chatter of the women inside, so lively.

Today is Sunday, and Lingnan TV broadcasts "Funny Family" in the evening.

Li Yunhai and the others sat in front of the TV to watch.

It's a sitcom, and each episode is only about 20 minutes long.

is the same as acting in a sketch, in an episode, a story will be told and a few jokes will be shaken.

Everyone watched it with relish and laughed from time to time.

The Four Seas Store is very prominent, and there is an episode that was specially filmed in the Four Seas Store, which makes the soft implantation to the extreme.

This kind of film and television drama, the investment cost is not high, and the right to advertise is done.

After watching TV, it was still early, Cheng Lin was young and fun-loving, and asked if he wanted to go to the dance hall outside to play?

Shen Xiulan didn't like this kind of lively place, and said that she would stay at home and learn foreign languages.

Cheng Lin scared her: "Are you staying at home alone?" Aren't you afraid that thief came in again last time? ”

Shen Xiulan was really taken aback, looked at the anti-theft doors and windows, and said timidly: "Won't it?" With such good protection, thieves can't get in, right? ”

Li Yunhai smiled: "Xiulan, don't be bored at home all day, go out occasionally to relax, right?" ”

Shen Xiulan snorted and came out with them.

Li Yunhai knew that most of the song and dance halls on the street were mixed with everyone, so for the sake of safety, he took them to the Yiyuan Song and Dance Hall of the Workers' Cultural Palace.

The 80s of the 20th century was the most prosperous period of the Workers' Cultural Palace.

Li Yunhai saw a report on the front page of the Yangcheng Evening News: In 1986, there were five workers' cultural palaces in Huacheng, where workers could learn science and culture, visit exhibitions, watch movies and videos, enjoy music and music, participate in chess, table tennis and basketball games, and enjoy tea, dancing and video games. Moreover, it is open 365 days a year, with 18 to 21 hours a day, and this kind of all-weather operation service has greatly surprised and exclaimed the trade union workers in the field.

Li Yunhai bought the tickets, and everyone entered the dance hall.

Almost all of them were young people, playing disco music, and the dance floor was crowded with people like dumplings, and everyone was shaking their bodies to the beat of the music.

Li Yunhai and others also joined in.

Shen Xiulan rarely came out to play, and she didn't know how to dance, so she got off the dance floor and stood still like a wooden man.

Li Yunhai came to her side and said, "Just relax and sway to the rhythm." ”

Shen Xiulan smiled shyly: "Yunhai, I really can't jump, I'm ugly!" ”

Lin Zhi took her hand and said, "Come, I'll teach you." You beat with me. Let me tell you, there are only less than 10% of the people who have really learned here, and most of them are jumping around the bandwagon. As long as you're thick-skinned, no one knows you can't jump. ”

Shen Xiulan sneered, she was a young girl after all, and soon danced rhythmically to the music.

Cheng Lin danced lively and free, very open.

Gong Jie jumped much quieter, just swinging her arms slightly, twisting her waist, she touched Li Yunhai with her arm, and said with a smile: "You want to take me to play in the United States again, is there any subsidy for going abroad?" ”

"Yes." Li Yunhai smiled, "$100 a day." ”

"It's so stingy! You might as well give me a gift! ”

"Okay, what kind of gift do you want?"

"It's all said to be a gift, of course it's what you give me, I'll accept it, how can I choose?"

"Then I'll have to think about it!"

Cheng Lin next to her suddenly let out a scream, her voice was extremely sharp, instantly overshadowing the sound of the stereo, attracting everyone's attention.

Li Yunhai turned around and asked, "What's wrong?" ”

Cheng Lin pointed to a young man and said angrily: "He always touches me!" ”

Li Yunhai understood the connotation of this touchword, and said to the young man seriously: "Comrade, please respect yourself!" It's public! If you call the police, it won't do you any good! ”

The young man shook the long hair that covered his eyes, and said with a look of disdain, "What's the matter with you?" I saw that she danced so well, I just wanted to invite her to dance together! I just touched her arm, this is also illegal? Little sister, they've all come out to dance and play, won't they be so old-fashioned, can't they let go? ”

Cheng Lin sneered: "Dance? It's up to you? ”

The young man opened his arms and laughed: "I'm a master of the dance forest in Flower City!" If you can win me, I'll give you the head to be a night pot. If you lose, promise me to dance with me! ”

Cheng Lin was an arrogant person, and she couldn't get used to this young man, so she wanted to teach him a lesson, and said, "Okay! If I win, I won't use your head as a night pot, I'm disgusting! Well, if you lose, learn how to bark and climb around this dance floor three times, how about it? Do you dare to bet? ”

The young man shook his hair in a chic manner: "Okay! Little sister, let's talk about it first, if you lose, you have to dance with me! ”

"Hmph, wait until you win!" Cheng Lin raised his chin proudly.

Gong Jie said: "Mr. Li, don't you persuade her?" No matter who loses, I'm afraid it won't look good. ”

Before Li Yunhai could speak, he heard Cheng Lin running to the stage, taking the microphone from the host next to him, and said loudly: "Please be quiet!" ”

The dancers all stopped and looked at Cheng Lin on the stage.

Everyone still doesn't understand what happened, and they all think that Cheng Lin is a hostess or a female singer.

Someone recognized her: "Huh! Isn't this Cheng Lin? The Cheng Lin who sang "Little Snail"! ”

"Little Snail? Is it really her? ”

"It's her! That's her! I know her! ”

"It's really her, and she also plays in the funny family!"

"Wow! Cheng Lin is here! Cheng Lin is here! ”

The people in the dance hall were talking non-stop for a while, and they all cheered for Cheng Lin's arrival.

The young man who was about to dance just now was obviously stunned, and then laughed and said, "Okay! I just said that I looked familiar with her, it turned out that she was Cheng Lin! If she loses, she'll dance with me! I'm so cool! ”

Cheng Lin pointed to the young man and said, "Next, I and this gay man are going to have a dance competition, please give us the venue?" Thank you. ”

Everyone came out to play, just to watch the excitement, seeing that there was such a good show to watch, everyone naturally agreed, and each of them quit the dance floor and crowded to the side to watch.

Cheng Lin said to the host: "Please play us a piece of exciting music." ”

The host wished that there was this kind of drama, just to enliven the atmosphere and increase the vitality of the dance hall, and said loudly: "Guests, everyone applauds and welcomes, the famous singer Miss Cheng Lin, dance with this gay man!" ”

Cheng Lin said to the young man, "You jump first!" Remember, if you lose, you have to learn to bark and climb around the field three times! ”

When everyone heard that there were still bets, they couldn't help but coax: "Okay! Let him climb three laps! ”

The young man was still full of confidence at the moment, walked to the middle of the dance floor, pointed at Cheng Lin, and said, "You are doomed!" ”

Lin Zhi said to Li Yunhai: "Yunhai, can this work?" What if he loses and becomes angry? It's their territory. ”

Li Yunhai smiled helplessly: "Cheng Lin has said it publicly, who can stop her?" Let's take a look! ”

(End of chapter)