I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 931 Capital Increase Plan
Even though he has reached a position as Secretary You, he couldn't help but make some fantasies about the achievements of the provincial enterprises.
With a market value of over one trillion yuan, this is a brand new position for a company.
This is also a huge achievement for Jiangnan Province.
Especially the current situation in Songjiang City, the Internet has Haijing Technology, and the real industry has Kirin Battery, a high-tech enterprise.
It can be said that the results are excellent and there is hope for them to become a true first-tier city.
Even now there are already many voices on the Internet claiming that Songjiang City is the new first-tier city.
But there was still some gap in actual GDP last year.
And if Kirin Battery drives the market this year and a new trillion-dollar enterprise is created, especially if the entire upstream and downstream industrial chain is driven by physical enterprises, it can be said that there is real hope.
No wonder Secretary You is not calm even though he is in a high position now.
Comparing the possible results can be said to be the biggest motivation for Secretary You to continue moving forward.
But Jiang Hao couldn't help but pour cold water on Secretary You.
"Secretary You, Kirin Battery's current share price is completely out of touch with its actual value."
"I'm not sure whether Kirin Battery can reach a trillion, but it is definitely not stable. The slightest disturbance or negative news could lead to a sharp drop."
Kirin Battery's current stock price has long deviated from value expectations.
The price-to-earnings ratio is over 100 times, and it is still a physical enterprise, so the stock price is at a completely blind stage.
Of course, with the production of Kirin Battery's new generation of batteries, the actual value will indeed make a big step forward, but it is still far from the current market value.
Judging from Jiang Hao's tone, Kirin Battery will have to develop at a high speed with full strength this year.
Only by expanding the production line output and taking up all the orders can the current market value be barely matched.
Of course, the domestic stock market itself is blind, and the pursuit of rising prices is particularly fierce.
Jiang Hao really couldn't say for sure what Secretary You expected from Kirin Battery's stock price.
"You mean Kirin Battery's current stock price is inflated?"
He nodded silently.
I don’t want Secretary You to have too high expectations, and it’s certain that they are false.
There is nothing wrong with the majority of companies in the domestic stock market, it’s just a matter of some degree.
"But Secretary You, don't worry, as long as Kirin Battery develops steadily this year."
"If the market trend remains the same next year, there will be no problem for the market value to exceed one trillion yuan."
A high market value ultimately requires following the trend, or it is the result of years of accumulation and strong performance.
For Kirin Battery, we actually have all of these.
What we lack most now is time. As long as we wait for it to develop steadily for a period of time, everything will be fine.
"I see. It seems that I was a little too hasty in thinking about the Kirin battery."
"I was indeed overwhelmed by the performance of Kirin Battery."
"But as you said, is it really okay for the current inflated stock price to be so high? Does it need to be cooled down?"
...
"Secretary You, I have also thought about this issue recently."
"If the current situation of chasing the rise is still so serious, we are going to ask Lao Liu to submit an application to the China Securities Regulatory Commission and the company will start issuing additional shares."
"We will raise a large amount of funds from the market at the current price to support the company's development."
This is what Jiang Hao had been thinking about before May Day.
The truth is that Kirin Battery’s current stock price is too high, and there are too many people chasing after it.
The initial listing price was really low, which resulted in the actual amount of funds raised being more than ten times lower than the current market value.
Issuing additional rights shares is a good opportunity to raise funds from the market again.
At the same time, it can also make many investors, especially institutions, calm down.
In fact, if Jiang Hao hadn’t been so sure, the future of Kirin Battery would not just be a simple market value of one trillion RMB.
Even at the current high price, he wants to reduce his shareholdings; the temptation is too great.
"Okay, I don't know much about the development of Kirin Battery either, so you should be in charge, Mr. Jiang."
"I believe in your judgment of the market. As long as Kirin Battery can continue to develop steadily and positively, I believe it will become a trillion-dollar enterprise sooner or later."
After all, it was Secretary You who was able to consider things from the perspective of the enterprise and not get too bogged down in political issues.
For Kirin Battery, issuing additional shares at this time will provide more funds for expansion, which is actually a good thing.
"Boss Jiang, I called you here today because I have something else to tell you."
"The demolition work is currently underway in the new city area of Oujiang District."
"Among them, Wujia Village and Liangshi Village have already exceeded 98% of their demolition rates, and the demolition of the entire village has been finalized."
"The demolition work of Lulin Village, which was originally more complicated, started this week. The demolition rate has reached 87%, and the rest is still being done."
"But it shouldn't be a problem and it won't delay the launch of our new city plan."
Jiang Hao himself was also paying attention to the news about the demolition.
After all, this is the next big move of Haijing Technology, and the funds have been reserved.
Jiang Hao breathed a sigh of relief when he heard that Wujia Village and Liangshi Village agreed to the demolition.
At least there was no problem in launching the new city project, and the construction of its own headquarters building and AI laboratory was not misplaced.
As for Lulin Village, it occupies a small area, so it would be best if we can negotiate it, but it’s okay if we can’t.
However, given the current poor overall environment, the fact that the government can still initiate demolition is already a rare happy event.
Lu Lincun also knows that things are different now than before, which is why the willingness is still relatively high.
As long as the final 3% of villagers agree, there will be no problem with the demolition of Lulin Village.
"Secretary You, the design institute is still working on the new city's plan."
"Will the elevated roads, subways, etc. mentioned earlier continue to be extended to that area?"
When Secretary You heard this, he immediately glanced at Liu Qingyun.
Seeing this, Andy Lau quickly stood up, said goodbye and left.
I am very happy to meet with Secretary You today and talk about the company's development.
He dared not delay the new city plan of his boss and the municipal party secretary, nor did he dare to listen to these important internal matters.
"Mr. Liu, thank you for coming here today."
"Xiao Qi, see Mr. Liu off."
Secretary You first warmly saw Liu Qingyun off, and then talked to Jiang Hao again about the city's plans.
"The subway project was reported years ago. The plan is to open a new line from Jiangning District to Oujiang District."
"I asked you to come to the Municipal Party Committee to review the document before, but the approval has not yet been finalized."
"I think it will be soon. There should be a reply within the next half month. I will notify you as soon as there is any news."
...
"As for the elevated highway, I am actively communicating with the province and there will be no problem opening it."
"It's just that the speed is not that fast, mainly because of the route extending to Oujiang District. This section is currently under intense discussion in the province."
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