Rebirth 2004: I can make money by writing.

Two weeks later,

March 31, 3 a.m.

Hao Qiang received a report saying that the EDA software was successfully developed.

"Oh, I'll go for inspection this afternoon."

There was only a hint of a smile on his face, then he put down the phone and continued to work.

Time is too tight, there is no way.

He has heavy scientific research tasks in the next two years, including Qinglong 8124 chips and other automotive chips, single crystal furnaces, EBL lithography machines, etching equipment, chemical or physical vapor deposition equipment, ion implantation equipment, etc.

The drawings of these equipment can only be drawn by Hao Qiang himself.

To draw a set of mechanical SoliWorks 3D drawings, based on the complexity of the equipment and the workload, if Hao Qiang draws for 4 hours a day, it is estimated to take 7-30 days.

It takes at least half a year to complete the three-dimensional design of equipment such as single crystal furnaces, EBL lithography machines, etching equipment, chemical or physical vapor deposition equipment, and ion implantation equipment.

After the three-dimensional drawing is completed, other mechanical engineers will disassemble it and produce a two-dimensional drawing, while purchasing commercially available parts.

If we can’t buy it, we can only produce it ourselves.

Next, that is the work of the craftsman.

Therefore, it would be extremely difficult to develop the Qinglong 8124 chip within two years even if one has the technology, personnel, and materials.

Hao Qiang made two preparations. First, the personnel of related projects would work overtime every day and have only one day off.

Of course, overtime pay is sufficient.

The second is to pre-order more automotive chips, at least 200,000 sets.

As for chips that are not easy to monopolize, there is no need to rush.

Two o'clock in the afternoon,

Hao Qiang came to the EDA software laboratory and personally inspected the latest EDA software.

"Chairman, we have conducted simulation tests on the three chips from easy to difficult, and the final key function simulation tests have met the design requirements." The project leader reported to Hao Qiang.

Upon hearing this, Hao Qiang nodded approvingly and said, "Well, it still needs to be improved.

Next we will start designing the actual chip.

In this process, you may encounter some bugs.”

Then he sat down at a computer and tried to design a very simple chip to test the software's usability.

Three hours later,

Hao Qiang left the laboratory and returned to his office.

It was almost time to get off work, and this EDA software finally met his requirements and was ready for use.

He also noticed that he could combine the three technologies in the technology store.

After half an hour,

Hao Qiang rubbed his tired head.

The influx of a large amount of new knowledge made his head feel a little swollen, and his mental exhaustion also increased.

He lay on the sofa, closed his eyes slightly, and sorted out the new knowledge he had absorbed.

In the next few days,

Hao Qiang began to draw the design drawings of the single crystal furnace and occasionally tackled the design work of the Qinglong 8124 chip.

The design workload of a single crystal furnace is not large. After all, its complexity is not as great as that of a car.

However, to produce high-purity single-crystal silicon rods, in addition to excellent equipment, the process must also be superb.

The principle is the same as producing cars.

Designing a car is easy, but mass-producing it is difficult.

At the same time, the structure seems simpler than a car, but it is not simple to manufacture.

The growth of single crystal silicon needs to be carried out at very high temperatures, usually around 1400°C.

Precise temperature control is crucial to ensure the quality of the crystals, ensuring uniform growth and avoiding defects.

Second, the crystal pulling speed needs to be precisely controlled to ensure the best balance between crystal quality and growth rate.

Too fast or too slow crystal pulling speed will result in crystal defects or uneven growth.

You know, this requires the purity of single crystal silicon to be 11N or above!

Therefore,

The high temperature resistant materials of the equipment are a major problem, and the manufacturing precision requirements are also high.

To accurately control the temperature, we mainly rely on automated programs.

This is just like autonomous driving. It is very difficult to ensure that the vehicle speed is stable to several decimal places under different road conditions.

Any domestic manufacturing company can design a single crystal furnace in one or two years, but the purity cannot be guaranteed.

Single crystal silicon with a purity of 9N can meet the requirements of 14nm process chips.

Hao Qiang’s minimum requirement is 10N. The higher the purity, the lower the scrap rate.

4 month 5 day,

Hao Qiang, Jiang Ying and catering company general manager Wang Xiaofeng discussed the B round of financing for Renjian Fireworks with investment institutions.

According to his original plan, he intended to list on the Hong Kong stock market this year.

But given the current situation, it may have to be postponed.

The A round of financing was in February last year, raising 750 million yuan, but purchasing shops in important locations in cities such as Rongcheng, Shanghai, and Didu cost 300 to 400 million yuan, and the purchase cost of these shops was very high.

Hao Qiang has given up the idea of ​​raising money through listing, so he simply spends a large sum of money to buy it and reduce future expenses.

After 2023, bank interest rates will be pitifully low, and a 5 percentage point annual investment profit for a shop will be considered very good.

No matter how online shopping develops, the catering industry will not decline due to its characteristics.

Of course, with the decline of physical stores, stores are becoming less and less valuable overall.

Except for shops in core areas, prices are relatively stable.

April 6th, 4 p.m.

Human financing negotiations are concluded.

"It's a pleasure to work with you, Mr. Hao!" Hillhouse Capital founder Zhang Lei stood up and shook hands with Hao Qiang.

Hao Qiang smiled and replied, "It's a pleasure to work with you!"

Hillhouse Capital was founded in 2005 and currently has sufficient funding.

By 2023, the managed funds will exceed US$1000 billion.

Historically, Hillhouse Capital has had many successful investment cases in the catering industry, such as Hi-Lao, Yum! Brands (KFC's parent company), and Heytea.

Therefore, Hao Qiang is also happy to cooperate with financial institutions whose founders are Chinese.

The company raised RMB 12.5 billion in financing and held 5% of the shares.

The post-investment valuation is 250 billion yuan.

4 month 7 day,

Hao Qiang signed another financing cooperation agreement with Sequoia Capital.

Sequoia Capital raised 12.5 billion yuan and holds a 5% stake.

As of now, the number of Renjian Fireworks stores has reached 160, covering major cities across the country, and the plan is to open 200 stores by the end of the year.

Hao Qiang's previous shareholding was 90%, and after the financing dilution, his share was still 81%.

There may be another round of financing at the end of the year, followed by an IPO.

On the afternoon of April 7,

At the press conference, Hao Qiang emphasized: "Neither I nor the company is short of money, and the purpose of Renjian Fireworks' listing is not to expand capital.

The financing funds will mainly be used for new store opening, store acquisition, supply chain optimization and technology upgrades.

Especially in the supply chain, we have been optimizing it over the past two or three years.

We strive to achieve self-suppliment as much as possible or cooperate with quality-assured suppliers to ensure food safety.

Renjian Fireworks' goal is very clear, which is to ensure that Chinese people can eat safe, harmless and delicious hot pot in a market with mixed ingredients.

Despite the advancement of technology, the quality of food ingredients is declining.

This has deviated from the essence of diet.

The ingredients of Renjianhuo insist on returning to their essence and minimizing technological intervention.

For example, since the company was founded, Renjian Fireworks has never used fast-growing chickens for its chicken.

If it is ordinary feed chicken, we will clearly mark the growth date and origin.

We never use pressed meat in our lamb and beef products.”

A reporter asked, "Mr. Hao, the unit price of Renjian Fireworks has been criticized by consumers for being high. Will the price be adjusted in the future?"

In October 2004, the first Renjian Fireworks store opened, with average consumption per person around 60 yuan.

Nowadays, it has risen to 80 yuan, and ordinary working-class people rarely spend money on it.

According to the price situation, per capita consumption may exceed 100 yuan around 2015.

But no matter what, there will always be people complaining about the high consumption, but they often have to queue up to eat.

If your desire is not very strong, it is better to spend less on worldly affairs.

But in the past few years, Renjian Fireworks has been able to provide a guaranteed supply of food, and has developed a group of loyal and well-funded supporters who frequent the restaurant.

Hao Qiang replied: "The fluctuation is not large, and it may even rise along with the rise in prices."

Just as he finished answering, a reporter asked, "Mr. Hao, what is your prediction for the market capitalization of Renjian Fireworks after its IPO?"

Hao Qiang laughed and said, "It's really hard to predict, but I think it won't be a problem to reach 1200 billion yuan in the future."

"Wow!"

Everyone at the scene was slightly surprised.

However, it is currently valued at 250 billion yuan and is the leader in the domestic hot pot industry, so it is really possible to achieve it.