Taking over the electronics factory, you actually created an industrial empire

Chapter 149 It's Really Difficult to Make a Choice in the Game!

Shangsha Technology signed a contract with the Yuzhou government, and the matter of acquiring 10% shares of Yuzhou Bank officially came into effect, and its influence quickly spread to various fields of Shangsha Technology.

It was Shangsha Technology’s off-market financing through JPMorgan Chase, which went more smoothly than before. Before taking a stake in Yuzhou Bank, it raised a total of less than 2000 million yuan in the off-market market. Yuzhou Bank, in December 07 alone, raised more than 12 million yuan of funds, and if Sheng Huainan didn't think that the off-market debt would have an annualized interest rate as high as 4000%, the amount of funds that could be raised would be even higher. high!
The pace of research and development slowed down in order to survive the cold winter of the financial crisis has begun to be full again, and the work intensity of the Shanghai R&D Center has almost doubled. Second iteration of the matrix product.

Compared with the Shanghai R&D Center, Zheku Chip and Shanghai Battery R&D Center have all entered the state of full-load operation. They are either conducting research and development of 65nm-level SoCs, or improving the short battery life of best-selling mobile phones. , and strive to optimize the battery of the mobile phone in the shortest possible time, so as to exert the greatest combat effectiveness.

Within two and a half years, a smart tablet computer, three mobile phones, a TV, and a smart watch business that has been sold have released a total of six explosive new products.

The ability of Sheng Huainan's super product manager is obvious to all, and it can even be said to be off the charts!

However, no matter how strong the creativity is, there will be times when it will be exhausted. Sheng Huainan is a human being, not a god, but a human being. You should always take a break!

In the minds of everyone, even the most optimistic employees of Shangsha Technology, they all feel that perhaps in a long period of time in the future, there should be no new god-level products from Shangsha Technology!
This god-level explosive product is not a Chinese cabbage, so how can it be so easy to appear.

. . . . . .

Naturally, Sheng Huainan doesn't have the heart to pay attention to these rumors. He is an optimist. When he encounters a series of problems, he will seriously review the situation, consider the pros and cons of how to deal with it, and finally resolve it in the best way he thinks. to solve.

"It seems that even if I'm not here, everyone's work is completed on time and efficiently, but I have become the most redundant person, very good!"

After returning from a business trip in Shanghai, Sheng Huainan sat in the conference room of Shangsha Technology, read through a series of meeting minutes during this period, and found that things were going according to the established process.

Now the internal framework construction of Shangsha Science and Technology has been initially completed, and the responsibilities have been assigned to people and the division of labor is orderly. Although the stalls are larger, in fact, each department can complete the tasks in an orderly manner. Basically, now Shangsha Technology has got rid of the paper-based process popular in this era, and gradually realized the high-speed online office!

Moreover, Sheng Huainan also clearly stipulated that all OA processes, each node must be approved within 6 hours like Wanda Real Estate in the previous life, in order to achieve a more efficient operation of the company's work efficiency, instead of the same as before, After procrastinating and dawdling endlessly, everyone is still afraid of taking responsibility.

"Should we iterate the product line honestly now, or develop new products? Should the financial crisis pass?" Sheng Huainan checked the minutes of these meetings repeatedly at the executive meeting, but his thoughts drifted far.

The current matrix ecology of Shangsha Technology has reached a certain scale, and the customer base has repeated purchases. The current development of Shangsha Technology is sitting on a rocket.

But the rapid development has also brought huge problems.

The biggest problem is funding.

Although Shangsha Technology raises funds through different channels, the expenses are also high.

The technology stalls in Shangsha are very large. The R&D sector alone, the R&D center plus two second-tier subsidiaries, now has more than 3200 people. The salary and benefits alone exceed 4 million. If you add consumables And other expenses, even the expenses of this sector exceeded 5 million!

Due to the brutal price war in 07, the annual sales of Shangsha Technology broke through a record high, reaching 53 billion. The profit of mobile phones is too low, resulting in an annual profit of only about 3 million yuan.

Now, the annual R&D expenditure alone is equivalent to 50% of the annual profit and 10% of the annual sales.

This expenditure is quite stressful!
Not to mention, it is necessary to reserve part of the funds as a safety valve to safely get through the financial crisis!
So, are you going to launch a new product?
When new products are launched, the capital chain will be tight again, and it will even affect the group's capital security at the end of 08. This must be avoided.

If you don’t launch new products, you will definitely get through the financial crisis safely, but it is inevitable that Shangsha Technology will waste a whole year of golden development time. You must know that the financial crisis in 08 was the fourth in the beautiful country in September 2008 in the previous life. The big investment bank Lehman Brothers Holdings Inc. filed for bankruptcy protection as a basis, and the crisis continued until the end of the year.

However, Sheng Huainan does not think that now is a good time for the C round of financing.

Although after getting the money, Shangsha Technology can enter a more aggressive money-burning mode, and its development speed will definitely be faster by then.

However, after diluting the equity again, the D-round financing cannot be raised before the listing. After all, he needs to still occupy more than 51% of the shares of Shangsha Technology after the listing of Shangsha Technology, so as to better control the company!
Now that the C round of financing is advanced in advance, it is too cheap for this company that picks up jobs!
Could it be that Shangsha Technology can't even survive this year?

That is absolutely impossible!

The pain of this year can magnify the expected income several times, and directly strengthen the strength of Shangsha Technology in one step.

So in comparison, what are the short-term difficulties?

However, it is really difficult for people to make choices in the game!

Especially when you have to take some risks!
To be, or not to be, that is the question! (Shakespeare: To be or not to be, that is the big question.)
The executives in the audience seemed to see that Sheng Huainan was distracted, and they all stopped reporting and waited for his next instruction.

Thinking of this, he said to the group of executives, "The situation in the beautiful country is unstable now, and Shangsha Technology has also encountered a bottleneck in its development. Then, what should Shangsha Technology do in the next step? Let everyone talk about their opinions! "

PS: The first volume of Ice is over, starting today is the second volume: Fire Thief!
(End of this chapter)