January 18, Dongyang.

The group's annual summary meeting, which was originally scheduled to be held on January 6, was finally postponed for 12 days because Kangchi was really unavailable during this time, and it was not until the date of his return from Dalian was determined that Zhang Qing officially issued a notice.

After Kangchi got off the plane, he briefly inspected the production situation of the Pangu base, and after confirming that the engineers of Datang Heavy Industry were cooperating with Bai Niu to make silver cranes according to the plan, he rushed to Datang Heavy Industry by car.

By the time he entered the conference room, it was already full.

"Mr. Kang is good!"

"Brother Kang, long time no see!"

"Welcome Mr. Kang!"

“……”

After seeing Kangchi come in, everyone immediately stood up and welcomed him with warm applause, most of them Kangchi didn't actually know each other, and even some old acquaintances, and there were not many opportunities to meet each other.

Together with Fang Qiming in Dongyang, Kangchi hasn't seen him for a few months.

After nodding to everyone with a smile, Kangchi beckoned them to sit down, and then under the guidance of Zhang Qing, they sat in the middle of the first row.

The annual summary meeting is the time to take stock of the company's harvest in a year, so everyone is curious about what the group has developed after another year of rapid development, and whether they have kept up with the pace of brother enterprises......

As the first company established by the group, although Daqin Optics is not large, it has always had a son-like status in the group.

Everyone knows that making cameras is actually not profitable, but Kangchi, who has a unique feeling for cameras, often personally pushes Qin Optics, so Fang Qiming naturally became the first group executive to speak on stage today.

The current Fang Qiming has been polished for several years, and he is completely like the fledgling kid at the beginning, with that kind of leader's unique temperament and calmness all over his body.

However, when he glanced at the hundreds of senior executives and elites at the scene, and then saw Kangchi sitting in the audience, his eyes couldn't help but be a little trance.

The bus stop that winter became a place that changed his fate.

Kangchi's voice of 'do you want to consider doing it with me' still lingers in my ears from time to time.

If he hadn't met Kangchi, he wouldn't know where his life would be headed.

But he was pretty sure that it was definitely not as glamorous as it is now......

After nodding with gratitude and reverence for Kangchi, Fang Qiming quickly entered the report state, opened the PPT and started the work report of Daqin Optics.

"Daqin Optics is currently mainly divided into five major business segments, namely consumer digital cameras and lenses business, mobile phone lens business, EUV lithography machine business, security surveillance camera business, and other optical products business such as scopes, microscopes, astronomical telescopes, etc."

"Last year, Daqin Optics' consumer-grade digital camera and lens business completed a total sales of 21.144 billion yuan for the whole year."

"Among them, 1.213 million camera bodies were sold, with a total sales of 11.045 billion yuan, including 987,000 units in Wu'an and 226,000 units in Tongwu, with sales of 4.934 billion and 6.102 billion respectively."

"In terms of camera lenses, a total of 4,107,600 pieces were sold, with a total sales of 10.109 billion yuan, of which 3,158,400 hero mounts were sold and 949,200 Haojie mounts were sold, with sales of 6.313 billion and 3.796 billion respectively."

"In terms of mobile phone lens business, last year's actual shipments were 33.93 million, and the actual sales were 9.138 billion, including 28.9 million high-end cameras in Wucheng, and low-end cameras Wuyun because of the late development, and at the same time affected by production capacity, the current shipments are only 5.03 million, but there is a backlog of more than 30 million orders, of course, there are more than 20 million orders in Wucheng, so the market space and potential of mobile phone lenses are still very large."

"In terms of lithography machines, a total of 24 Qinguang No. 1 units were delivered last year, with a total sales of 23.76 billion, and this number is expected to double this year with the increase in production capacity."

"The rest of the security surveillance camera business, as well as other optical products such as scopes, microscopes, astronomical telescopes, etc., because the product model is more complex, will not be analyzed one by one, the total annual sales of these two sectors of the business is 3.789 billion, of which 1.708 billion is the largest 500,000 sets of sights purchased by the military."

[Total sales of 57.831 billion, net profit of 17.867 billion]

This is the final transcript given by Daqin Optics.

This person's report card immediately stunned the executives in the audience!

The average monthly turnover of Daqin Optics in the previous year was only more than 30 million, and the annual sales were not even 500 million.

However, with the technological breakthrough of the lithography machine, after being able to build the camera by himself, the data in all aspects has directly increased by more than 100 times, which is indeed an exaggeration.

According to this trend, it is estimated that this year's flow of Daqin Optics will be able to enter the threshold of 100 billion.

And compared with other companies, Daqin Optics' turnover and profitability have been very stable and healthy, basically no debt, the only loan, is the 60 million when Kangchi founded Dahan Silicon Industry......

To give a more intuitive example, although Huawei's total sales in the world in 22 years are as high as more than 600 billion RMB, its net profit is only 35.6 billion, so if you look at profitability alone, Daqin Optics is almost equal to half of the 22-year-old Huawei.

Of course, Warwick's profit in 22 years is so low, because that year was their most difficult year, and most of the money they earned was also invested in research and development.

Most of Daqin Optics' R&D costs have been wiped out by Kangchi, coupled with the profit margin of 56% in the lithography machine business, which makes Daqin Optics' report card so eye-catching.

After Fang Qiming finished his report, everyone immediately gave warm applause.

The next to take the stage was Ming Yuhan.

Although the performance is not amazing, the ability is relatively balanced, and it is completely sufficient for a company like Dahan Silicon Industry that focuses on production management and basically does not need to consider expanding its territory, so it has been promoted by Zhang Qing to become the CEO of Dahan Silicon Industry.

Dahan Silicon's product structure is also very simple, that is, selling silicon wafers, with a stable monthly production capacity of 2.6 million pieces and annual sales of 21.42 billion.

“…… After divesting the R&D department, Dahan Silicon's profitability has been significantly improved, with a net profit margin of 41.9% from 29.79% the year before, a net profit of 8.974 billion yuan last year, and the company still has 13.43 billion debts that have not been paid off. ”

Ming Yuhan finally concluded: "As the demand for large-size silicon wafers from domestic semiconductor companies continues to rise, Dahan Silicon plans to expand its production to 3 million wafers per month this year, and is expected to repay all the loans in the first quarter of the following year." ”

Will you be able to pay off the 234.5 + 5 billion loan in the year after tomorrow?

This time node is much faster than Kangchi originally expected.

After all, at the beginning, Dahan Silicon Industry was a white wolf with empty gloves, and directly swallowed the silicon letter with a market value of more than 20 billion, but now as long as it takes another year, it can basically be completely digested.

Moreover, the current Dahan silicon industry can have an annual profit of 8.974 billion yuan, which is not at the same level compared with the silicon letter that can barely be supported by the blood transfusion of the Shencheng silicon industry.

For companies with stable profits, the valuation is generally equal to the profit of the previous year multiplied by five to ten times, and Kangchi is the industry leader, so if he wants to sell, it is estimated that the capital is rushing to ask for it according to the top ten times.

So if calculated in this way, the valuation of Dahan Silicon Industry is at least 80 or 90 billion.

As for companies like Daqin Optics, which still have a lot of room for growth, let alone multiply it by ten times the profit, multiplying it by thirty times will definitely be low!

(End of chapter)

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