Chapter 119 For the Future

Fairy Company has never been so sad since its establishment, and now the company's employees are very sad. From the leadership to ordinary employees, they have developed a vigorous investment habit, especially the habit of holding a lot of money and waiting for the opportunity to choose people. But now, they have lost the root of this habit. The reason is that the company has no money, and it is really out of money. The reason why the fairy employees are depressed, and the fruits of hard work are gone. The electronics company let the headquarters take care of it. Everyone feels annoyed and difficult to do, but now that the electronics company has been completely separated, everyone feels boring and a little uncomfortable! The newly controlled Eurasian Electronics is thousands of miles away. They can't control it, and of course they can't control it!

The separation of fairy electronics makes the fairy company feel as if it has lost a large piece of meat at once, and has added a burden of nearly 90 billion yuan. It will take at least three years to complete, and it seems that three years may not be finished. The key is that there is no way to get money, that is to say, the fairy has no work in the past three years. ! Fairy employees are arguing about this. However, this debate does not affect the work. After all, there is still work to be done, and there is still a lot of work in the company. In fact, the previous acquisition activities have nothing to do with ordinary employees. The reason for this is that you can show off! Walking on Chang'an Street, it feels quite good to let people know that he is a fairy employee.

People are most afraid of not being able to have money. Once they have no money, they will find a way to get money. It's the same with a company. Now the fairy company is short of money to use. What should we do? You can't borrow this money from the bank. In an emergency, you must borrow it. Usually, you can't think about it. The department leaders of the Fairy Company, especially the planning department, have understood that they are all enemies around, and none of these opponents are easy to mess with. They are coveted at the Fairy Company. After years of accumulation, they have all of a sudden, and they have owed a large number of debts. This is a matter of lingering. The three consecutive market wars in the electronics industry have made them understand how high the threshold for entering this industry is! This is really not what ordinary companies can enter. As we all know, if it hadn't been for the shock of those people' courage because of the boss's private funds, it would have been that the market competition would have been endless, and even not even over, it would have been known who would have died in the end. Speaking of this, everyone still admires their boss. No matter how much money he has, this play of "Inviting you into the urn" is really good! Everyone doesn't appreciate his certain ability, but this vision is really accurate. I also heard that Eurasia Electronics is gaining momentum, and the company is full of expectations for dividends. Foreign currency is more valuable. It's not bad to have 2 billion US dollars. Don't want euros! Everyone thinks so, but this is a relatively distant thing. There are still a few months until the end of the year! So how to raise money now? Listing, what kind of market does the fairy company go on? Doesn't it give money to others? The company has no industry, and it is net dividends. Where can the idle profit be given to others? Therefore, it is relatively bad to go public. If the listing doesn't work, it's okay to invest in the stock market! Therefore, some people suggest investing in the stock market. If it can make tens of billions of yuan, won't it ease the company's financial pressure? If it can make tens of billions of yuan, it won't be a big deal! And it is said that the boss is a master, but there is no follow-up of this proposal at all!

Fairy Company is not allowed to invest in the stock market. This proposal was directly rejected by someone. "At least not now". If you invest in the stock market, you have to wait until the company's capital situation completely improves, and the capital usage cannot exceed 20% of the working capital. This is a limit that can never be exceeded." For this reason, he also added such a special article to the company's articles of association, saying that it would be a constraint on the behavior of future leaders, and said that no future leader can exceed this authority. Everyone is quite confused about this, but the company can't do nothing. Everyone knows that eight years ago, they could wait for 6 years for this fight, but now, they can't wait. It is said that people can have such a big event in their lives. After this battle, everyone I'm also exhausted, and I need to rest and recuperate! But the market can't wait. Perhaps, in a few years, the entry threshold of the new industry will be higher, the competition will be more fierce, and the fairies will not be able to stand it! This is everyone's heart disease. Most of these old employees are in their 40s. Can they continue to wait?

The situation of the fairy company is not only considered by fairies, but also by many people in society. For this unfathomable company, everyone's feelings are complicated. However, Fairy Company obviously has many enemies. She has no money. At least for a few years, the company has been short of funds, but it is something that makes many people secretly happy! The huge investment of the electronics company has exhausted the company with strong assets and lost its edge. The fairy company without money can be said to be nothing. She can only wait for the cooperative companies to pay the profit share for a year, and everyone understands that the fairy's income will not soar in the short term. First of all, the annual profit of steel and textile companies is relatively stable, with a total of only more than 20 billion yuan. This is an old number for many years, and the fluctuation is within 2 billion yuan, and the basic parts company can pay a profit of up to 3 billion yuan, that is, usually 2 billion yuan, which cannot rise at all in the short term. These large pieces Son, the annual income can be between 30 billion yuan and 33 billion yuan. However, Fairy Company also spends a lot, with an annual expenditure of at least 4 billion yuan. As for Eurasia Electronics, everyone is not familiar with it, but this company must maintain the momentum of expansion. It is estimated that it can pay up to billions of yuan. In fact, it is good to give them 5 billion yuan. As for Fairy Electronics, it is estimated that someone is reluctant to withdraw profits, and the rest is only Xixing Company, but the two companies have no affiliation, and it is impossible to transfer the profits, even if they borrow money, they have to repay it! Of course, there is still a possible situation. For example, buying and selling at a certain commercial low price. Although it is a loss of the spirit of business equality, the relationship between the two companies is so strong, who can talk about it?

In fact, Fairy Company did do a period of "do nothing" work. Since the separation of the electronics company, the company has had to rest and recuperate because of a huge amount of debt. After a year of dormant, under the good situation, the revenue has increased. The company's retained funds reached 31 billion yuan, and it was collected from Donglin. After returning 3 billion yuan, the contract funds of East Lake Electronics and other companies were finally paid. At the same time, due to the rich profits of Eurasia Electronics, the dividends reached 5 billion yuan, making the company's working capital reach 35 billion yuan. However, this money is not enough to repay the loan of Xixing Company, but they decided to return all the money to Xixing. Company. Xixing actually doesn't need money. Through the funds raised by the stock market and its huge development profit of 20 billion yuan per year, the book capital has reached 63 billion yuan.

Although the fairy company still has bank contract loans that are not used, in any case, there is no money on the book, and it is not a penny, but those few billions do not work at all, but why do they still repay the loans of Xixing Company? It turned out that they wanted to change a way to borrow money. They gave the money to Xixing Company, and that hand got 20 billion yuan from Xixing. The 20 billion is not borrowed but a loan, with an annual interest of one yuan. The loan agreement has neither a repayment date nor a description. Anyway, through this "fraud", the fairy got 20 billion yuan out of thin debt and did not pay a penny of the tax. When the loan was known, many people sighed that 20 billion yuan was transferred from one company to another without giving the state any tax! In fact, someone is also very wronged. Originally, Xixing and the fairy are one. If the funds are transferred from one company to another, they have to pay taxes. Isn't this bullying? How can I pay two taxes with a sum of money? Since this indefinite loan is workable, why not use this trick? Therefore, the income of the fairy company was as high as 50 billion yuan in that year, which made someone very happy. Since the fairy has money, is she going to make a new round of investment? The answer is yes, because the company already has money!

In the 18 months after the separation of the electronics company from the fairy company, the company is expected to have a new round of investment, and people are responsible for repeatedly considering the investment priorities in the next few years. Everyone is not very worried about the company's financial situation. With an annual net income of 30 billion yuan, coupled with the ready-to-go support of Xixing Company and the bank's "ready-to-use" loans, the capital will not be a big problem. What's more, like an electronic company, it has to spread out before it can be extended. It is impossible for a fairy to set up a company and start a factory by herself. For the "slow progress" of energy companies, everyone is "enough". The production of the first barrel of oil has taken two years, and until today, it can only be handed over to the headquarters a profit of 1 billion yuan every year. "Isn't this time-consuming?" How good it should be like an electronics company! Therefore, everyone is full of interest in direct acquisition companies, and the focus of the acquisition has been expressed, that is, the new materials company, which is said to have entered the industry a long time ago!

Fairy Company has paid attention to the new materials industry for a long time. Almost seven years ago, when the company set up the first research institutes, one of them was the New Materials Research Institute. For a long time, the Institute of New Materials has maintained a large amount of scientific research investment, kept up with the market, and has been looking for the right opportunity to enter the industry. Years of hard work have finally paid off. In recent years, the research institute has made a number of technological breakthroughs, which naturally attracted the attention of the company's senior management. The researchers have achieved outstanding results, but some time ago, the company's main focus was on the electronics company, and it could not take care of her at all. Later, although the electronics company was separated, the company was also tired and in debt. In addition, the market situation was immature, so it delayed this key development project again and again. Procrastination, until now. Unlike Fairy Company, many domestic companies have built new materials companies, and most of them are first-hand companies, which are established from nothing and supported step by step from small to large. Some people say that the 21st century is the century of biotechnology, electronics, and new materials, which is not bad at all. Millionaires, multimillionaires, and even billionaires have emerged in the new materials industry alone. For the sunrise industry of new materials, the world's major companies have intervened, most of which are subsidiaries under the parent company. Otherwise, how can they have so much money for research and development? This forms two phenomena. One is a large-scale new material company under the group company, and the other is a relatively small independent new material company. The former supports the continuous development of the whole industry, and the latter supports the continuous innovation of new material products. The new material industry has created many emerging property holders, and it is also a grave manufacturing field with shattered dreams. As a technology and capital-intensive emerging industry, no one is willing to transfer their technology easily, but technology without capital alone is also untenable and sustainable. Development and research will soon be eliminated by the market. According to statistics, since the establishment of China's first new materials company, at least 300 companies have been unsustainable, of which more than 180 companies have gone bankrupt, more than 80 companies have been acquired or participated in shares, and nearly 30 companies have been forced to change their business (mostly due to the failure of large companies' investment strategies). The founders of most bankrupt companies are talented students from famous schools. After graduating from graduate school, they founded their own new materials company with their own technology. They thought that the market would receive them warmly, but they didn't expect that they broke down in less than two years. Not only did they not earn money, but they owed a debt. Although their technology was not bad when they first left school, the market technology was updated quickly, and they lacked follow-up research funds. They were soon fell behind in technology. In addition, they were not in good management and lacked the ability to attract investment, so they had to retire sadly. It was good to be able to earn a millionaire! What can survive are some companies with strong capital and technology. It is in this case that Fairy Company entered the industry and began their more risky investment. This year was exactly 13 years after the establishment of Fairy Company. This year, Li Mengze was 41 years old.

For the next round of investment focus, Fairy Company is actually controversial. Which of the two industries of energy and new materials should be the focus on is very fierce in the company's department meeting. According to someone's words, if possible, "do nothing" and everyone holds tens of billions of yuan to "live". Everyone is discouraged by his words, but they all understand the boss's worries. Whether it is new materials or energy, it is an industry with fierce competition and high risk. The technical content of the energy industry is relatively low, but the international giants have a huge wealth, which is not what they can resist at all. Even domestic giants are just a follower in terms of comprehensive strength, and it is difficult to deal with them. It's okay to compete with each other and cooperate with each other. If you really compete with others, you will really be disgraced. Isn't it ruining the fairy's "ten-year reputation" and someone's reputation? However, the new materials industry is still difficult to do. Now there are more people who go in and out more. There are a lot of people who lose everything and have nothing. It is likely to be a bottomless pit for money, a golden cave! And the technology is difficult to master, and the market is not very mature, so everyone is very cautious about it. Other investment directions are not without, such as biomedicine, food and other industries, which are good. However, for some reason, there is no market in the company. In food and other industries, the scientific and technological content is lower, the entry threshold is too low, the market competition is too fierce, and the profit is not high. In the end, it will not be able to enter you. In the eyes. Therefore, in the end, I focused on these two industries. Of course, in order not to arouse the DI system of domestic giants, the fairies deliberately did not dig the bottom of the Republic. For example, transportation and other industries were generously handed over to the country.

Finally, how to invest, whether to build a factory by yourself or borrow a chicken to lay eggs, and finally bring the chicken back. Everyone agrees - acquisition!