Chapter 269 Unrealistic Ideas
"Old Lin, I have become obsessed with fly fishing recently. Have you ever thought about going fly fishing with me?" Chen Qingzhi asked.
This Spring Festival is also the first Spring Festival after Lin Jia and Chen Yuanguang got married, so the two families got together to celebrate.
Although it is not in Hangzhou or Yangcheng, the atmosphere is not bad.
The social occasions where Chen Qingzhi was present generally had a good atmosphere. A person who is good at eating, drinking and having fun can always accurately find topics that everyone is interested in, making the whole occasion less embarrassing.
However, Lin Jia really likes to come to Mianyang to celebrate the New Year, so Lin Qinghua can't find any excuse to meet his lover and illegitimate child.
In her opinion, a little trouble is a good thing.
Lin Qinghua looked envious after hearing this, "I am not as free as you, brother. I still have a lot of things on my hands.
The entire enterprise is facing huge pressure for transformation and upgrading.
Traditional real estate business is still the main source of profit, but we cannot always count on this
I want to transform into high-tech industries, but I don’t know where to turn. ”
Lin Qinghua really envies Chen Qingzhi. Except for the fact that Chen Qingzhi’s ex-wife and current wife can sit at the same table for dinner, he can’t do it.
He is sure that once he and Lin My mother is divorced, and the two parties have never been in contact with each other.
“You have to learn to let go. You are over 50 years old, and you should hand over the power that needs to be handed over. If you are thinking about transformation and upgrading at this age, the pressure is not too great. Go to heaven.
Isn’t Lin Jia very good? This kind of enterprise transformation and upgrading should be left to young people. "Chen Qingzhi said in confusion.
"Hey, Dad Chen, don't tell me, my dad just can't take any time off, and if I go back to work in my company, the first thing I have to do is to fire everyone I don't like. .
I am a stubborn person and cannot tolerate sand in my eyes." Lin Jia said after hearing this as he and Chen Yuanguang walked back to the living room.
Chen Yuanguang obviously knew what was going on. He could only smile and remain silent, wondering how embarrassed his father-in-law would be.
"If you are willing to go back to work in your home company, you can fire whoever you want.
I fully support you." Lin Qinghua continued.
For him, there is no other way. Now he can rely on the relationship between Lin Jia and Chen Yuanguang to get some good land at a relatively low price, whether in Shenhai or the Yangtze River Delta.
Including Guangjia Aerospace’s headquarters in Shenhai, it was also handed over to the Lin family’s company.
But these businesses are not long-term solutions.
Just because they can receive it now does not mean that they can receive it in the future. It all depends on Lin Jia’s wishes.
Lin Qinghua didn’t think that his family’s company would be able to receive such preferential treatment from Lin Jia after the illegitimate son took over in the future.
Therefore, Lin Qinghua has always hoped to take advantage of the present to transform, at least from relying entirely on the real estate industry in the past to walking on two legs.
Some relatively high-end manufacturing industries are his chosen targets. In his view, although manufacturing is a cross-border industry, it has technology authorization from photo-armor companies and a large number of partners.
It is relatively easy for them to make similar transformations. At least they have better conditions for success than many big A companies that all make the transformation and go into photovoltaics.
At the peak in 2022, at least 80 A-share companies have announced cross-border photovoltaic industry, involving energy, liquor, real estate, home appliances and other fields.
Spent huge sums of money to enter this track, and then left miserably after playing for a few years.
Very few succeed in achieving profitability.
Lin Qinghua has studied it carefully before, and he believes that having a head start is at least much better than hanging in the sunset industry such as real estate.
Lin Jia can smell that driverless driving will cause the real estate market to further collapse, and Lin Qinghua can naturally smell it too.
The most important price measurement factor of real estate will gradually collapse due to the existence of driverless cars, just like school districts collapse due to the slowdown in population growth.
Lin Qinghua has always wanted to transform, but he didn’t know where to turn.
"Forget it, there's no need. I'm tired enough. I can't throw away any of my work now." Lin Jia waved his hand and refused to continue.
“Besides, haven’t you made investments in the past few years, and have also invested in many commercial aerospace companies of the light armor series, isn’t the rate of return acceptable?
I’ve seen your investments. Among those projects, three were successfully listed on the Science and Technology Innovation Board and the main board, and 3 of the 20 projects were listed on the market. How could they possibly lose money?" Lin Jia said.
The choice of investment was also her idea. For the upstream and downstream enterprises of Guangjia Aerospace, they would not invest in all of them, they would only invest in the core ones.
This does not mean that those that are not core have no value. They are equally valuable, at least compared to the projects on the market, they are still much more reliable.
Therefore, Lin Jia bought shares in the Lin family's private equity investment company in his own name, which is equivalent to information buying shares.
Tell you which ones have high value and are promising.
For Lin Qinghua, this still relies on Lin A. He hopes to find a path that does not require relying on Lin A.
“It is too difficult to transform at this time. The most popular industries in recent years are photovoltaics, semiconductors, commercial aerospace and new energy. A large number of companies are squeezing in to grab the cake.
I think Lin Jia’s opinion is right. Instead of ending up personally, it’s better to invest and let professional people do professional things.
I can clearly feel that companies that have made money in these fields in recent years have very mature and professional executive teams.
It is not good to rush into this field.
Dad Lin, I think cutting off all unnecessary businesses and relying on investment is far more reliable than entering these industries. "Chen Yuanguang concluded.
Almost all of the hottest industries in recent years are more or less related to Chen Yuanguang.
It is impossible to say that Chen Yuanguang directly contributed to the rapid development of these industries. Not too much.
The only thing that doesn't matter that much is new energy.
After Chen Yuanguang finished speaking, Lin Qinghua repeatedly said: "I have been struggling.
Mainly companies like Baidu are frequently crossing borders and facing technological innovations. What was stable before can no longer be The stable search engine did not last even half a year, and its revenue and profits dropped.”
The impact of Hornbill AI on Baidu is not just as simple as eating half of the cake.
Because Baidu originally had a monopoly on this market, and the pricing power was entirely up to him, there was a premium for advertising costs.
Now Tencent has also entered this market and has taken away half of the market share. If you want to stabilize those customers in the past, not only will there be no premium, but you will also have to give discounts. Over and over again, Baidu's search engine business revenue dropped significantly more than its market share.
“Baidu has been looking for new profit growth points. I know many old people around me who are also doing it, so I always feel that we should do it.
But Yuan Guang said so, I believe Yuan Guang," Lin Qinghua said.
The A-share companies mentioned earlier are tossing the photovoltaic industry, and there are many Zhejiang businessmen among them.
"I just think the risk is too fast. Taking the photovoltaic industry as an example, the investment is very huge.
Perovskite cell technology should be updated in the first half of this year, and the first-line photovoltaic giants will build new production line to seek profits.
The originally leading perovskite battery 2.0 will evolve to 3.0 this year, which means that 2.0 technology is no longer leading. Companies that have invested heavily in 2.0 perovskite battery production are trying to pass it. The idea of earning excess profits fell through instantly
For leading companies such as JinkoSolar, Longi Green Energy, and Tongwei, they followed the development of perovskite battery technology from the beginning. , the depreciation of production line equipment such as 2.0 is almost completed
All that is left is profit. However, some companies that entered the market the year before were put into production last year, and their technology has lagged behind this year, and their profits will be swallowed up. .
High technology is really not that easy to do. It has very high requirements on team, technical acumen, technology itself, etc. "Chen Yuanguang said.
This is his true feeling. Enterprises in the field of materials in China have made very rapid progress in recent years.
For example, the launch of the Pioneer 2 of Light Armor Aerospace failed. , if the current companies provide raw materials, it will definitely not explode.
Lin Jia added: "Yes, I am an external director of JinkoSolar. I can clearly feel it when I go to the meeting. Now photovoltaics have slowly taken on the flavor of semiconductors in 2000. ”
JinkoSolar gave Guangjia Aerospace a big piece of the cake when it was doing private placement, but Guangjia Aerospace only wanted a small part, only 20 million shares.
As for the 20 million shares, JinkoSolar insisted that Guangjia Aerospace send an outside director, saying that they were both Shenhai Enterprises and needed more contact.
JinkoSolar’s approach is very wise, just like TSMC wants to have a good relationship with AMSL, you have to please the upstream technology developers.
What's more, Guangjia Aerospace is not just a role of ASML, it is more like a technical complex.
Because ASML does not sell equipment to TSMC, they will starve to death, while Guangjia Aerospace does not sell technology to photovoltaic companies, and they still have commercial aerospace that can provide cash flow.
“In recent years, the cutting-edge perovskite battery technology has basically changed every two years. If you keep up, you can make excess profits, be profitable, and make a lot of money.
Because the production line has completed depreciation early, the yield rate has increased to a very mature level. After the new technology comes out, the old production line is making pure profits.
With new technologies, whoever improves the yield rate and reduces the failure rate first will be able to eat more cake.
You always think about going into the photovoltaic industry, is this something you can do?
Uncle Xu and the others regarded cross-border photovoltaics as a life-saving straw to reverse their business situation. They first invested 200 million yuan to build a production line. In the first year, they had a revenue of 30 million yuan and a loss of 5 million yuan.
In the second year, the revenue was more than 100 million, and then the second phase of investment was 100 million. In the third year, the revenue did not increase but dropped, by 20 points, and finally resigned. Market, packaged and sold for 38 million.
300 million goes in and 38 million comes out. Not counting their losses, the loss rate is at least 90%.
If you go ahead and do it, you will end up with the same outcome. Don’t keep staring at successful companies. ”
Similar cases are not rare in Myanmar A.
So in China, if a certain industry makes money, a large number of companies will pour in.
Photovoltaics is A typical case is that after Chinese companies almost monopolized the global market, everyone started doing it, and everyone who did it was unprofitable
Because of Chen Yuanguang, China's photovoltaic industry has experienced a similar situation with the support of perovskite cells.
At the beginning, everyone could enjoy the premium, and the rate of return increased from 3 points to 7 points, 8 points or even higher.
As a result, a group of companies poured into this track, with output getting higher and higher, prices getting lower and lower, and everyone's profit rate returning to 3 points.
There are not even 3 points, because the patent licensing fee has to be paid to Guangjia Aerospace, and there are not even 3 points.
There is no difference between industrial upgrading and no upgrading.
Previously, Americen had been hoping that Swiss photovoltaic giant Meyer Burger would move to them and expressed its willingness to provide huge subsidies. The United States has launched a new energy technology subsidy totaling US$369 billion in 2023.
Meyer Berg and Amerikan were eyeing this blood pack, trying to get a large amount of blood back through the United States. Their Chinese counterparts were too ruthless.
Later, China’s perovskite batteries came out. Not only the technology was more advanced, but the price was getting lower and lower.
It makes Meyer Burger want to vomit blood. According to the power consumption calculation, even if China’s domestic perovskite cells are assembled in Vietnam, then transferred through Mexico, and then enter Amerikan’s mainland, it will cost Cheaper than them.
This is called a crab, similar to the crabs that are put in Yangcheng Lake and go through a water in autumn, they are called Yangcheng Lake hairy crabs. My product is assembled in Vietnam and then passed through a water in Mexico. No one can say that it is made in China!
This is reality, but this reality is unacceptable to Meyerberger.
As a result, the negotiation prices between Meyer Burger and Americen are getting higher and higher. They initially asked for 20 billion US dollars, but later said that they would need 50 billion US dollars before they could hope to compete with Chinese companies.
There is still hope.
In short, Chinese companies were not only severely affected internally, but many of them couldn't hold on and left with huge losses. Their foreign counterparts were also affected to the point of death.
Lin Qinghua sighed: "It's not easy for Lao Xu. It's because the probability of failure is too high, so I haven't dared to make this determination.
I have chosen several directions, including photovoltaics to make super-efficient photovoltaic cells and new energy. I will first find a market, then acquire car-making qualifications, and then specifically build cars and sell them to companies. "
Lin Qinghua is targeting the asset-heavy manufacturing industry.
Lin Jia complained: "Pull it down, it's super efficient, I think it's pretty funny."
You and Uncle Xu are about the same level. He has a higher education than you. He used to work in fiber materials. You, a cross-border real estate professional, are even more incompatible.
Secondly, building a car is even more outrageous. I am building a car now. This thing is really not that easy to do. Although electrification has made it easier to build a car, it is still essentially a super complex project. .
Dad, if you build cars, you will be the next Boss Jia, who goes to America to advocate ecological revolution. Boss Jia is a triple ecological rebel, and you are at most one, because you have worked in real estate. "
Lin Qinghua explained: "No, I plan to build cars specifically for driverless cars. Instead of selling them to individual users, I will sell them exclusively to driverless companies.
I talked about this matter with Jack Ma and Boss Zhu from Lingpao at the Zhejiang Chamber of Commerce, and everyone felt that something was going on. ”
(End of this chapter)