Reborn since 1993

Chapter 721 Entering the Trap
The thermos cup was hanging in the air, and it took Xu Jiangwei a while to come back to his senses. He felt his head buzzing.

This is not right. It is completely different from what he analyzed from KDJ and other indicators. According to technical indicators, the stock price of Chuanrong Electronics should have fallen today!

When Xu Jiangwei heard that the Shenzhou Electronic Dictionary sold nearly 500,000 units in a single day, he was bewildered. Could it be that clinging to someone powerful could really change one's fate? !
"Teacher Xu, why is this different from what you said?!"

"Chuanrong Electronics' performance this year is going to explode again!"

"I have just sold all the Chuanrong Electronics shares I have!"

At this time, a group of people who had just heard Xu Jiangwei's well-reasoned analysis ran towards him in panic.

Facing everyone's questions, Xu Jiangwei had an embarrassed look on his face. What could he say? When the first-day sales of the Shenzhou second-generation electronic dictionary came out, all the indicators became nothing.

The entire A-share market's Dongling Hi-Tech concept stocks have entered into a carnival. The far-than-expected sales of Shenzhou Electronic Dictionary indicate that these companies can get huge orders from Dongling Hi-Tech.

Previously, it was not the case that all the good news had been released for Chuanrong Electronics and those Dongling High-tech parts industry chain companies. Their stock prices had clearly only risen to the halfway point!
"Chuanrong Electronics has reached its daily limit, the share price has broken through the 53 yuan mark, and the market value has exceeded billion. Jin Shengmao and Lao Deng have become one of the top ten richest people in Shuchuan!"

Some people who are familiar with Sichuan Rong Electronics Company could not help but exclaimed when they saw that the stock price of Sichuan Rong Electronics had broken through the 100 yuan mark and its market value had also broken through the 5 billion yuan mark.

Although Jin Shengmao and his family have cashed out a lot in recent years, they still hold a 21% stake in Sichuan Rong Electronics.

According to the current market value of Sichuan Rong Electronics of 53 billion, Jin Shengmao's family is worth more than billion yuan, making him one of the top ten richest people in Shuchuan.

He is even ranked quite high, second only to the Liu brothers of Hope Group. Compared with Old Mou Zi, who has a great reputation but has been repeatedly involved in bankruptcy rumors and whose exact net worth remains a mystery, his net worth is much higher!
The parts supplier supported by Dongling Hi-Tech has become one of the top ten richest people in Shuchuan. If this news gets out, it will definitely be a huge shock to the domestic technology industry!

Holding on to the big and thick legs of Dongling Hi-Tech, it is okay for them to get a lot of orders on a normal day, but being able to jump the queue and list on the A-share market is just "good luck" and good performance.

But if he becomes one of the top ten richest people in Shuchuan by relying on others' connections, the shock will be too great. Dongling Hi-Tech is expected to become the number one golden leg in the domestic technology industry!

At this time, in the First Sales Department of Shuchuan Securities, except for those few people who sold Sichuan Rong Electronics right after the market opened, they were beating their chests and stamping their feet in regret.

Countless other people crowded in front of the counter, constantly handing in their lists to the staff, scrambling to buy shares of Dongling Hi-Tech concept stocks.

It is visible to the naked eye that today Dongling Hi-Tech concept stocks have become the most outstanding sector in the A-share market. This kind of thing is totally unreasonable and there is no indicator analysis to talk about. However, it is precisely relying on the huge orders from Dongling Hi-Tech that the stock prices of concept stocks have been pulled up across the board!
Xu Jiangwei was too embarrassed to continue staying in the lobby of the securities business department, and then he "fled" with his thermos cup.

After returning home, Xu Jiangwei was so angry that he threw all the books about indicators and data into the trash can. Finally, with a lot of anger, he turned on the TV and tuned to a financial program.

"Haitong Securities, a well-known electronics industry analyst, announced that based on the first-day sales analysis of Shenzhou Electronic Dictionary, it is estimated that the global shipments of Shenzhou Electronic Dictionary this year will exceed 16 million units.

The Shenzhou second-generation electronic dictionary will become one of the best-selling electronic products in the history of China!"

"Currently, Dongling Hi-Tech concept stocks have surged by more than 8% across the board, becoming the best performing sector in the A-share market. Many securities institutions have raised the ratings of Dongling Hi-Tech concept stocks such as Chuanrong Electronics!"

"Affected by the rise in Chuanrong Electronics' stock price, Chuanrong Electronics' founder Jin Shengmao's net worth has exceeded 1.1 billion RMB, making him one of the top ten richest people in Sichuan!"

After the news was broadcast, reporters from Shuchuan TV, Shuchuan Evening News and other media appeared on TV and ran to Chuanrong Electronics to interview Jin Shengmao.

Jin Shengmao was stopped by reporters and media at the gate of Chuanrong Electronics Company. He was a little dazed because he had worked overtime for many days.

When the reporter asked him how it felt to be one of the top ten richest people in Shuchuan, Jin Shengmao showed surprise and confusion on his face, as if he didn't know how he suddenly became one of the top ten richest people in Shuchuan. He looked like he had no interest in money at all and just wanted to go home and sleep!

When Xu Jiangwei saw this TV picture, he was deeply distressed. He didn't understand how such a "unambitious" founder could suddenly become a billionaire. Where is justice? !

Not to mention that Xu Jiangwei didn't understand, Jin Shengmao himself didn't understand. He didn't expect that he could cash in on the stocks and make a lot of money, and in the process, he made himself the richest intellectual in Shuchuan. Jin Shengmao always regarded himself as an intellectual and regarded money as dirt.

……

“Annual shipments may exceed 17 million units, with revenue exceeding $ billion!”

"The Shenzhou Electronic Dictionary is expected to become the third best-selling electronic product in the history of the domestic electronics industry and one of the best-performing domestic electronic exports.

Previously, the two best domestic electronic export products were the Xiaolingtong mobile phone and the Shenzhou digital cordless phone, and these two products, like the Shenzhou electronic dictionary, were also produced by Hanxi Dongling High-Tech Company! "In the office with the sign of Yuanjian Company in Zhongguancun, Yanjing, Zhou Zhiyuan, the founder of Yuanjian Company, and a group of company executives were also watching the report about the Shenzhou electronic dictionary on TV.

"Sixteen million machines?"

"Are those securities analysts crazy, or did I hear it wrong?"

"The boss of the parts manufacturer that supplies the Shenzhou Electronic Dictionary has become one of the top ten richest people in the area!"

After the news was over, everyone in the office burst into laughter and started discussing it intensely.

Zhou Zhiyuan didn't care about this somewhat "chaotic" scene. On weekdays, he mingled with his subordinates, working on technical research and development together, and having dinner together, playing football, etc. They had a very good relationship.

It is hard to say how Zhou Zhiyuan's style will affect the company's future, but in the early stages of its business, it has made the entire Vision Company's cohesion quite strong, and its combat effectiveness is naturally quite powerful as well.

This is the electronic dictionary launched by Yuanjian Company. An important reason why it can rank among the top three in the domestic electronic dictionary industry is that the electronic dictionary brand launched by Yuanjian Company is called... Wenquxing!

"Boss, we should also increase our production capacity. Such a large market should not be taken up by Shenzhou alone!"

"Yes, Boss, our Wenquxing electronic dictionary is no worse than the Shenzhou one!"

"I am confident that our latest electronic dictionary can match Shenzhou in terms of technology, but I may not be able to beat them in terms of games!"

Read more latest popular novels at 6.9*shuba!

In the office, everyone was talking to Zhou Zhiyuan, and the sound of them competing with the Shenzhou Electronic Dictionary was endless.

These executives have shared hardships with Zhou Zhiyuan and have worked with Vision Technology to build the company from scratch to where it is today. Just like the veterans of Dongling Hi-Tech, they have a strong sense of belonging to the company.

That's a market worth more than tens of billions of dollars or one or two hundred billion RMB. Who wouldn't be jealous?

As long as you seize the opportunity, you can make a fortune. How many chances do you have in your life to take a gamble? !

Moreover, the story of Chuanrong Electronics and Jin Shengmao is so shocking. The boss of a parts manufacturer has become a billionaire with the help of the Shenzhou Electronic Dictionary. How can their peers not be drooling over it!
"Done!"

After much deliberation, Zhou Zhiyuan finally slammed the table and said, "Ask the production department to increase production capacity.

In addition, the new generation of Wenquxing is priced at 330 yuan. We want everyone to own a Wenquxing electronic dictionary!"

Zhou Zhiyuan was unsure about the head-on competition with the Shenzhou Electronic Dictionary. He wanted to win by quantity. To be honest, the price of 330 yuan was just hard-earned money, but what Zhou Zhiyuan wanted was the market!
As long as they occupy the market and crush all other competitors, including Shenzhou, then Wenquxing Electronic Dictionary can make a fortune even if it makes small profits but quick turnover!
There are many electronic dictionary brands that share the same idea as Zhou Zhiyuan, including OZing, Noah's Ark, and QuickTranslator. After seeing the hot-selling Shenzhou electronic dictionary, they also began to produce electronic dictionaries at full capacity.

But it was not just these domestic brands that were equally excited. When television media in Hong Kong, South Korea, Japan and other places also reported on the hot sales of Shenzhou electronic dictionaries and the huge sensation it had caused in the country.

LG from South Korea and Japanese brands such as Casio, Sharp, LG, and Canon have also begun to increase their production capacity, preparing to take a big bite of the meat. The entire Asian electronic dictionary market has been in turmoil for a while.

However, whether it is Wenquxing or Casio and other brands, if they want to launch products that match the Shenzhou second-generation electronic dictionary, even if the imitation technology is not difficult, it will take a month or so from design, research and development to production and increasing production capacity.

During this period, there was no rival to the Shenzhou second-generation electronic dictionary. Without any competitors on the market, it was naturally selling like hot cakes!
……

The turmoil in the electronic dictionary industry may not be felt by scalpers who resell Shenzhou electronic dictionaries.

However, three days after its launch, the Shenzhou second-generation electronic dictionary began to show signs of being out of stock in the market.

Especially on the first day, after the sales of 490,000 machines were achieved, it was obvious that some Shenzhou electronic dictionary agents began to hoard goods and be reluctant to sell them, because they knew that it might be out of stock, so they held on to the goods and did not ship them, hoping to raise the price after they were out of stock.

The problem is that there are not just one or two agents who have this idea. Even some electronics malls want to be scalpers, which has caused a rapid shortage of Shenzhou electronic dictionaries on the market.

The two scalpers who followed Cao Taizheng and stockpiled 500 machines came back from outside and shouted excitedly to Cao Taizheng.

"Now, some people in the market have already paid 120 yuan more to buy the Shenzhou electronic dictionary!"

(End of this chapter)