Chapter 1016 OLED
Xu Liang doesn’t know much about the display panel industry, but he also knows that OLED screens are the future.
“How many people are engaged in OLED screen R&D at BOE now?”
“Less than 50 people.”
“So few?”
The number of people in the R&D department of Hongmeng headquarters has exceeded 3,000. If you include the R&D personnel of its subsidiaries, the number will double.
Even among Master Kong’s departments that do various food research and development, if you pick any one, they have more departments than BOE.
Huang Dongsheng smiled bitterly.
“BOE’s foundation is too weak. Most of our technical strength is focused on the research of LCD technology. We can only do some basic research in the OLED field.”
BOE lost money. It's almost like wearing pants. In other companies, they would have stopped research and development long ago to save money.
Huang Dongsheng is still insisting on investing. Such a "silly question" is unique, and there are not many in China.
"How much does BOE invest in R&D per year?"
"Last year it was 86 million Huaxia coins, and this year it is estimated to be less than 10 million." Huang Dongsheng sighed.
"In this way, BOE's R&D investment will increase to 1 billion. If you don't have enough people, you can recruit people, and if you don't have enough equipment to buy equipment, I will be responsible for the money."
There is nothing fancy about technology research and development, it is just a waste. money.
Spending money may not necessarily lead to technology, but it will not happen without spending money.
The big boss's firm tone made Huang Dongsheng feel a huge warmth in his heart.
At this moment, he finally understood why women wanted to marry rich men. This huge sense of security that they could rely on was simply too good.
“From now on, I will also be someone who relies on the big boss.”
“Mr. Bring it up.”
"I can rest assured that you will do your job. However, the R&D investment of 1 billion Huaxia coins is just the beginning. It will increase to 2 billion next year and 3 billion in 2008.
I will increase R&D investment for BOE by 1 billion a year.
If BOE can overcome flickering and screen burn-in 10 years ago, improve safety to 5,000 hours, and adopt a 6-generation standard flexible OLED production process, I will increase your R&D funding by 2 billion
And use 200 million Huaxia coins to reward all the personnel of the entire R&D team and BOE’s senior management team.”
Only with money can you have initiative. If you don’t pay people to work, you are a rogue.
Xu Liang is not short of money.
We are not afraid that BOE will be in debt.
I even hope that he can owe more.
As for why the executive team should be rewarded.
Haha.
The leader can't get the money, but you, a stinky technician, still want to get the money.
Corruption and foreign labor will be dealt with in minutes.
So, if you want to do research and development, you must first mobilize the enthusiasm of senior executives.
"Don't worry, I will convey your request immediately when I get back."
Huang Dongsheng's eyes were filled with excitement.
Although he is determined to fight for BOE's future throughout his life, he does not mind making more money for himself.
“Where do you want to put the two new 6th-generation factories?”
Although Huang Dongsheng is an idealistic striver, he is not a fool.
“Mr. Xu, Yi## Zhuang has provided a lot of help to BOE’s development, and we always have to repay it, so I want to put a sixth-generation line here.
And Jingdong The city has abundant capital and is also convenient for financing.
The remaining one was sent to Qilu Yidu. ”
Kunlun Technology is also a big customer of BOE and knows exactly where Kunlun’s factory is located.
Xinmazai is so successful that Boss Xu expressed satisfaction.
“ After I return, I will arrange for Standard Chartered to contact you, and Hanhua will also help you contact China Bank and Hua Xia Bank. ”
Hanhua is a shareholder of China Bank and Hua Xia Bank, so naturally he has to do business with his own people.
Huang Dongsheng quickly nodded in agreement.
What it feels like to feel someone’s support for the first time.
No need to worry about money at all.
From investment to financing, there is no need to worry at all.
“If I had contacted Mr. Xu earlier, I wouldn’t have had to work so hard these years.”
At this moment, Huang Dongsheng was filled with emotion.
——
May 9, 2006.
At this time, Labor Day is still a seven-day holiday.
Just when everyone has just gone to work and has not yet come out of the holiday relaxation.
BOE dropped a big bomb in the business world, and even the global LCD panel and upstream and downstream consumer electronics industries were turned upside down.
The conference hall of the Peninsula Hotel in Beijing was packed with people, where most of the country's mainstream media gathered.
It’s almost time.
Huang Dongsheng walked up to the podium in front of him with great ambition.
Wearing a dark blue suit and his hair carefully styled, he looked calm and domineering at the moment, exuding the confidence of a professional manager in a large company.
"Welcome to the press conference for the cooperation between BOE and Hanhua.
Today, I am here to officially announce to you.
BOE will raise 10 billion Huaxia coins to Hanhua for the company. Development.
At the same time, BOE will invest 40 billion Chinese dollars in a high-end LCD panel production line in Beijing and Qilu Yidu..."
Looking at the TV broadcast, Xu Liang Put down the papers in your hands.
After raising tens of billions of dollars in financing, Hanhua's shareholding in BOE reached 71.5%, achieving absolute control.
Only with absolute control, the financial statements can be consolidated, and BOE's losses can be included in the financial income statement of Hanhua Group.
“How is the investment in BOE’s new factory going?”
“Mr. Jiang from Hongyan reported that the process is already in progress.
Standard Chartered, China Bank After knowing that Hongyan was guaranteeing the loan, Hehua Bank also agreed, but the interest rate was slightly higher, 8.7%," Li Jinling said respectfully.
"As high as possible, the federal funds rate in the United States has already exceeded 4 in less than half a year, and the high point is normal." This time he invested US$10 billion in BOE, of which 2.89 billion Chinese dollars were used to repay maturing debts, and 1 billion Chinese dollars were used to repay maturing debts. Coins are used for R&D expenses.
The money used to invest in the new factory is only 6 billion Chinese coins.
The two sixth-generation lines announced construction funds of 40 billion Chinese dollars, but the actual expenditure was 36 billion.
There are 30 billion Chinese coins left.
Hongyan Guarantee, BOE used the future earnings of two 6th-generation line factories as collateral to issue three-year corporate bonds worth 20 billion Chinese yuan through Hanhua Securities, with an interest rate of 7.9%.
The remaining 10 billion Huaxia coins were mortgaged by BOE with two sixth-generation line factories. Standard Chartered, China Bank and Huaxia Bank provided 5 billion, 3.5 billion and 1.5 billion Huaxia coins respectively for three years, with an interest of 8.7 %.
After financing.
BOE, which originally had a debt of nearly 14 billion Chinese dollars, has seen its total debt rise to 31 billion Hong Kong dollars. If interest is included, it is 39 billion Chinese dollars.
According to the current exchange rate, it is equivalent to 5 billion US dollars.
Ringing...
Li Jinling’s cell phone rang.
She picked up and hung up after a moment.
"Mr. Xu, I am the magistrate of Yidu County, and I would like to express my gratitude to you."
"He really wants to thank me. I gave him a small 20 billion in one go. In the past, Xu We haven’t invested so much in Yidu in six years,” Xu Liangdao said.
"Yidu is really lucky. Officials in other places have to work hard to earn a future, but here they don't have to do anything, and there are investments that are sensational across the country." Li Jinling said.
“Luck is also a kind of strength.”
Xu Liang said calmly.
Everyone knows that Yidu has great achievements, so those who can still stay here basically have backgrounds.
Xu Liang slowly stood up.
"Pack up, let's go to Pengcheng tomorrow."
"Yes."
——
Pengcheng, also known as Xuzhou, is like Xu Liang's hometown. The rain was blown away by the wind.
Once one of the nine states, now it is just a prefecture-level city in northern Jiangsu.
No, it should be said to be a level above ordinary prefecture-level cities.
Provincial deputy center.
The motorcade moved forward slowly. Under the sunset outside the window, the city was bustling with traffic and people.
Although it is far less prosperous than twenty years later, it still seems full of vitality.
“Mr. Xu, we’re here.”
Li Jinling reminded.
"Stop for a moment."
After seeing the crowd waiting in front, the bodyguard in charge of driving quickly braked and slowed down. After the car slid for a while, it slowly stopped.
Push the door and come down.
The people who had been waiting outside quickly came to greet him.
"Mr. Xu, I am Guo Chao, general manager of Pengcheng Taihuacheng project. You are welcome to come to Pengcheng for inspection."
"You're welcome, we are all our own people."
Patted He shook his shoulder and shook hands with other management members of the project team.
“Open the door, let’s go in.”
Guo Chao nodded quickly.
He quickly waved his hand and asked people to open the gate of the construction site.
The real estate projects under Taihua are different from other real estate companies.
The latter's construction site is surrounded by iron sheets, which is hasty, ugly and a waste of resources.
Xu Liang has seen too many things done by real estate companies in later generations.
So Xu's construction site walls are all made of simple steel structures. The outside is first made of a thin steel plate as a partition, and then covered with a layer of spray-painted cloth. On the spray-painted cloth is the engineering renderings. , project description, and promotional slogans.
This simple wall instantly became a free billboard.
Everyone who passes by here will see the advertisement above, and will also be attracted by the carefully produced 3D renderings.
A large-scale project takes two to three years, or even four to five years.
People within five kilometers will pass by here at least dozens of times in such a long time.
Even a fool can remember it after such a long time.
You can get good advertising results without spending much money, which is a huge profit.
After Xu Liang came in, he saw dozens of excavators actually carrying out excavation operations.
The roar of heavy engines and the sound of steel colliding together.
Soon there were muck trucks full of earth roaring away.
“How long will it take for the pile foundation project to be completed?”
"It is expected to end in October." Guo Chao said quickly.
Xu Liang nodded slightly.
Pengcheng Taihua City is a new project launched this year.
Located in Pengcheng’s only core business district - Pengcheng Plaza.
It covers an area of about 40,000 square meters, with a total volume of about 480,000 square meters, and a total investment of more than 3 billion Chinese dollars.
Including 5A Grade A office buildings, the main body has a total of 62 floors and a building height of 266 meters. After completion, it will firmly rank as the tallest building in Pengcheng and is a well-deserved landmark.
The four auxiliary buildings (Buildings B, C, and D) are 30 floors (99.6 meters) respectively, and Building E is 28 floors (99.6 meters).
Part of the main body of the office building is used as a 5A-level Liangmuyuan Hotel, and part of it is used as commercial and residential offices for rent.
The four annex buildings are used as long-term rental apartments.
The bottom floor is a shopping mall with a construction area of 160,000 square meters.
It is conceivable that once this kind of project is completed, it will instantly become a landmark in Pengcheng City.
If the investment hadn't been too big and Taihua was willing to spend money, this kind of project wouldn't have come into his hands.
(End of this chapter)