2003: Starting with Foreign Trade

Chapter 604 The Richest Person Born in the 1980s?
"Haha, a straight line, I wonder how long this straight line can last."

"It should take at least a week, that's awesome, you've struck it rich this time."

"It's almost doubled, so this is a break-even point. It'll probably go up again when we change the name."

On November 24, the last Monday of November, Changfeng Group, which had been suspended from trading for three months, finally resumed trading. Unsurprisingly, Changfeng Group opened at the daily limit up price from the start of the opening auction.

There is absolutely no opportunity to buy in the ordinary channel. The trading volume throughout the day is pitifully small, and the buy orders are also very few, so there is no need to worry about the price opening.

Xiao Zhang, who had worked at Dexian Electronics for two months, decisively resigned.

My biggest takeaway after working there for two months is that factory workers in electronics factories really work hard. I'm not exactly pampered, but I still feel like I'm struggling to keep up.

It's so tough. I have to work 12 hours a day, and I have to work both day and night shifts.

Speaking of the entire Flash Group, the one with the worst salary and benefits should be Dexian Electronics. The salaries in Shenzhen's electronics factories are not good to begin with, and there are just too many people coming here to work, so there is no need for such high salaries.

Another example is the snow disaster at the beginning of this year. At that time, many of the reassurance policies were not implemented effectively, but the command-style approach worked very well. So Qin Junchao changed the management style.

When reasoning fails, it's more appropriate to use orders. Qin Junchao also used this method with wages and benefits, but he still remembered his boss's instructions, and the wages were still better than most electronics factories.

Therefore, even though the pay is not as good as other factories in the Flash Group, Dexian Electronics still has no shortage of people and has a pretty good reputation in the Shenzhen electronics factory circle.

With exports plummeting in the second half of the year, finding a job is much more difficult, so Dexian Electronics doesn't really need to rush to raise wages to recruit enough people.

"There are no institutions involved. If an institution wants to gather enough chips again, it would have to limit up for several days, at least five to seven times."

Tan Jincheng, who had just returned from Guangzhou, was leisurely discussing the trend of Changfeng Group with Cheng Linfeng. Today's trading volume was less than 2 million yuan, and the funds locked at the limit up price were still more than 200 million yuan by the close.

The shady Flash Group, through several announcements and collaborations, not only forced these institutional investors to sell off their shares but also flushed them out. Now, apart from the original major shareholder, only two mutual funds remain, each holding less than 1% of the shares.

According to Cheng Linfeng, for large investors and funds to reacquire shares, they must shake out retail investors, raise the stock price, and then lower it again. Through this process, they can collect the shares they want.

FlashTech's value is definitely more than 30 billion; 30 billion is just the price quoted to Changfeng Group.

Based on the price of no less than 11.03 yuan for the non-public offering of shares, Changfeng Group's stock value after the resumption of trading is almost transparent, meaning that the stock is worth at least 11 yuan and its market value is over 45 billion yuan.

Even after hitting the daily limit up today, Changfeng Group's market capitalization is just over 22 billion yuan, leaving room for a potential profit of more than double that of the first target price.

Institutional investors and large shareholders never care about what they did before; they only care about profits. Even if Flash Group used various means to shake them out, they would still enter the market and drive up the stock price.

Self-interest is always the best way to eliminate hostility.

“We can’t sell either. Who cares? We don’t know how many investors will be forced to sell during this process,” Tan Jincheng said with a smile.

The Guangzhou Auto Show was very successful. The Weilai Auto booth had a large daily foot traffic, which attracted more media to the site to gather material. The auto show made the previously unknown Weilai Auto well-known.

The organizing committee of this auto show clearly put forward the slogan of strongly supporting national brands and making progress together with domestic enterprises, and Weilai can be said to have caught up with a good time.

These days, the direction of auto show reporting is truly bizarre. The major portal websites don't report on which automakers released new models or which had a global debut of a new model.

Instead, it's all about car models. Several major portal websites prominently feature car model competitions. If you want to see professional knowledge, you have to go to a professional car website. It's unbelievable.

It really shows how different eras have different aesthetics.

Weilai Auto was no exception, hiring a number of car models like other automakers. However, compared to the heavily made-up car models at most booths, the car models at Weilai Auto's booth had much more understated makeup.

Unfortunately, the boss doesn't like people who wear heavy makeup.
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FlashTech Beicang Industrial Park.

Of the original 200 employees at FlashTech, only 132 remain after two years. Xu Xinglei, thanks to a special opportunity, is the most successful among these 132 employees.

Xu Xinglei now manages five groups, and his work is much easier now. There are no more night shifts. Every day, he only needs to listen to the reports from the group leaders of the five groups, and then arrange the shift schedule and daily output.

In terms of salary, Xu Xinglei can now earn about 8000 yuan a month, and there is also a considerable bonus at the end of the year, with an annual income of more than 10 yuan.

Even in Ningbo in 2023, a starting salary of 10 yuan per year is not low for entry-level employees.

The other 131 employees have mostly risen to the position of team leader, and their salaries and benefits are higher than the workshop average. This is all intentional on the part of the company, to set an example.

The 132 long-time employees have recently found a new source of enjoyment: inquiring about the stock price of Changfeng Group every day after get off work.

In the last shareholding reform of FlashTech, many grassroots employees received a certain number of shares. Tan Jincheng fulfilled his promise that outstanding employees with sufficient seniority would receive a certain share of stock during the reform process. These 132 employees, as exemplary models for the company, naturally received shares from all of them.

It's not much; each employee gets 1000 shares. Based on the share price of 5.05 yuan before the trading halt, that's about 5000 yuan, equivalent to a month's salary.

The frontline employees, who had never touched stocks before and knew nothing about them, have been talking about stocks the most lately, because every additional percentage point increase in the stock price means a higher value for their shares.

"The price increased by more than 500 yuan in just one day?"

On the first day of trading after the resumption of trading, Changfeng Group closed at 5.56 yuan, up 10.10%. The profit of 1000 shares was 510 yuan, which Xu Xinglei found somewhat unbelievable.

I earned an extra 510 yuan without doing anything. That money came too fast!

How much did the boss earn today?
Curious, Xu Xinglei searched for news online. He was already working an 8-hour workday, but he still had to work overtime occasionally. Of course, as a manager, there was no overtime pay, but Xu Xinglei was happy to do so.

No other reason than that he now has his own office computer in the workshop. In the past two years, FlashTech has invested a lot in intelligent management, and the ERP management software has been continuously upgraded.

If you want to become a leader, even at the grassroots level, you need to learn the company's management software.

Two-wheeled electric vehicles are a long-term business. Even in 2023, leading companies are doing very well. Building intelligent factories is also the ultimate goal of Flash Technology.

Tan Jincheng's plan is to achieve fully intelligent production processes, including intelligent manufacturing, intelligent warehousing, and intelligent logistics, through the popularization of new technologies such as the Internet of Things, artificial intelligence, and cloud computing within five to ten years, as intelligent manufacturing becomes more widespread.

FlashTech's intelligent transformation can also provide some ideas for Weilai Auto.

This IPO will raise nearly 12 billion yuan, which will be quite a sum.

Xu Xinglei, who was squatting in his office and unwilling to go back, was checking the company's listing information on his computer. He really didn't understand stocks, and he didn't know how to calculate how much money the boss had made.

However, on the first day of Changfeng Group's resumption of trading, he didn't need to calculate it; some busybody media outlets had already calculated Tan Jincheng's first-day earnings.

I found related news shortly afterward.

"Holy crap, 1.018 million! That's so much money in one day! Awesome!"

Seeing this, Xu Xinglei became interested in how much money the boss had, so he started looking through the news, which is not uncommon on the internet.

The media, always eager for a good story, are already calculating how much money Mr. Tan has. Changfeng Group holds shares worth 11.1 billion yuan, and Orange Technology holds shares worth 17.5 billion yuan. The combined value of these two companies alone exceeds 28 billion yuan.

The media also dug up the previous investment valuations of Hangxin New Energy and Weilai Auto. According to the valuation at the time of the investment, the boss held a total of 21.2 billion yuan in these two companies.

Several other companies with opaque financials, such as Jinpeng Industry and Jinyi Industry, have shares held by their owners valued at around 20 billion yuan by financial media, while Bafang Electric's shares are valued at approximately 5 million to 7 million yuan.

Furthermore, the exact amount of cash flow generated by ByteDance's investment in ByteDance Engine is unavailable, so let's assume it's 20 billion.

It's not that these financial media outlets are unprofessional, but rather that apart from the listed companies, all of FlashChi's financial statements are kept secret. If FlashChi Technology hadn't gone public through a backdoor listing this time, they wouldn't have been able to find out the specific financial reports.

"28.5 billion, 21.2 billion, 2 billion, let's say 500 million to 700 million, plus 2 billion, that's 94.7 billion yuan."

Holy crap, is this the empire the boss has built since starting his business in 2004? It's almost 100 billion! That works out to 25 billion yuan a year!

According to the company's Forbes rich list last month, based on the boss's net worth, he would rank in the top 20.

“I think this statistic is a bit low. I heard that Jinyi Industrial and Jinpeng Industrial, two companies that earn US dollars, are among the top exporters in Ningbo every year. How could it be so little?”

Xu Xinglei didn't understand financial valuation methods. He just felt that based on the US dollars these two companies earned, they should be worth more than that. In reality, the valuations of these two companies were a bit too high. Jinyi Industrial was, to put it bluntly, just a large shell company.

In terms of valuation, even if a trading company earns a lot of US dollars a year, its valuation will not be too high, and Jinpeng Industry is no exception.

However, Tan Jincheng's title as the richest man born in the 1980s is well-deserved, after all, he started from scratch, unlike the 151 billion yuan fortune inherited by the young master of Biguiyuan, who ranked third.

Xu Xinglei slacked off at work, keeping track of how much money the boss had.

His boss was getting annoyed by the media reports: "Damn it, making 100 million a day, which media outlet wrote this headline? The PR department should talk to them."

The Forbes list was released on October 30th. At that time, the stock market was at a low point, and Changfeng Group was also suspended from trading. Tan Jincheng used some connections to reduce his net worth to 48.2 billion yuan, ranking 54th.

These days, being at the top of the list doesn't bring any good. Today, the bald man who was once the richest man and ranked second has been arrested for allegedly manipulating stock prices.

To claim you earned a hundred million in a day like this is just asking for trouble, isn't it?
(End of this chapter)