my life reset

Chapter 644 Black Swan

Chapter 644 Black Swan
"Old Yu, how far do you think the stock price of microelectronics equipment can go?"

Hu Yang was reading the report of Liu Qiang and Lin Yan, when Yu Hongbo knocked on the door and came in to report on the rebound of the stock price of microelectronic equipment, he raised his head and asked a question.

Yu Hongbo thought for a while, then said:

"Boss, it's hard to judge the fundamentals of microelectronics equipment. If they can't overcome the exposure optical system, then the production of high-end lithography machines will basically stagnate in the future.

If so, the stock price of microelectronics equipment will drop significantly!Judging from the market reaction this time, investors have recognized their reserve inventory, but in the end it still depends on whether they can make a technological breakthrough as soon as possible.

Therefore, I think that with this wave of rebound, the stock price of microelectronic equipment will not go far. It is unlikely to break through the price of 100 yuan, and it is very likely to maintain the box movement of 80 to 100 yuan. "

It is not easy for Yu Hongbo to analyze so much from a professional point of view.

Hu Yang nodded with a smile and said:

"Old Yu, I believe what you said. The rebound of the stock price of microelectronics equipment has no real support. However, in the future, microelectronics equipment will not be able to maintain the movement of the box you mentioned, and there may be a round of plummeting."

"Slump? So fast?"

What Hu Yang said made Yu Hongbo very confused, but Hu Yang didn't intend to continue explaining, so he turned around and left the room immediately.

night.

Meng Rusong and Zhang Xiao came to Hu Yang's old house.

A few people prepared a few dishes at home, opened a bottle of Moutai, and chatted while drinking.

"Mr. Hu, the road to market microelectronic equipment may be wrong."

Meng Rusong heard some unconfirmed rumors from North America, which made him a little worried.

Hu Yang was not very in favor of the listing of microelectronics equipment before, but since he had this idea in several other aspects, he voted in favor of it.

In his opinion, it is not a big problem for microelectronic devices to be listed in the country. What does Meng Rusong mean by this sentence?
Zhang Xiao saw Hu Yang's doubts, and explained:
"Mr. Meng and I have heard a rumor that North America will refuse to export any related parts to the company on the grounds that the high-end lithography machines for microelectronics equipment are used for military purposes.

If that were the case, then the stock price of microelectronics equipment would crash, leading to even more negative effects. "

The working principle of high-end lithography machines is very complex, involving thousands of parts.

For example, lasers, beam straighteners, energy controllers, shutters, energy detectors, reticles, mask tables, objectives, measurement tables, exposure tables, etc.

In addition to purchasing the exposure optical system from Bolong Optics, there are also many parts that need to be imported for microelectronic equipment.

It is inevitable that some parts are produced in North America, or some parts use North American technology.

When Hu Yang heard it, he couldn't help being stunned, but he didn't get any news before.

"Mr. Zhang, is there a way to replace the components supplied by North America with domestic products? Or import them from Japan and Germany."

Hu Yang also became a little nervous. He wanted to buy microelectronics equipment, but he didn't want to see the other party collapse.

Besides, will Bolong Optical’s high-end lithography machines be mass-produced in the future, will it also face such a situation?
Originally, Hu Yang thought that the stock price of microelectronic equipment would plummet, which was based on his judgment on the broader market.

After the broader market fell below 4000 points, it had a relatively strong rebound.The optimists in the market believe that the market will soon break through the previous high and move forward at 8000 points or even 10000 points.

But Hu Yang is soberly aware that all optimistic judgments are just good wishes.He himself believes that there will be a sharp drop in the market next, and it is obvious that it will fall below 2000 points, and it is not surprising that it will even fall below 1000 points.

The stock market plummeted, especially in the last stage of panic. It was like mud and sand, and no one was spared.

Neither can microelectronics.

Therefore, Hu Yang repeatedly told himself to wait patiently.Then enter the market to buy the bottom, not to mention the price of 50 yuan per share, maybe the stock price of microelectronic equipment will fall below 20 yuan.

Unexpectedly, before the market plummeted, another black swan took off again.

"Mr. Hu, high-end lithography machines have tens of thousands of parts, and it is difficult to achieve [-]% localization. Although the company has proposed a spare tire plan before, you also know that we need to focus on solving the problems in the past few years. , or there is no problem.

As for importing parts from Japan and Germany, it is an option.It's just that it is difficult to ensure the safety of the supply chain. Who knows if North America will put pressure on them? "

Zhang Xiao had been the chairman of Microelectronics Equipment before, and the threat of this rumor made him feel restless.

If North America really does this, it will not only be a disaster for microelectronic equipment, but also a disaster for Bolong Optics.The opponent is now starting to suppress microelectronic equipment, and will not let Bolong Optical go in the future.

But fortunately, Bolong Optics has not yet entered the field of complete machines, and will not receive key attention for the time being.

"Mr. Hu, Mr. Zhang, no matter whether it is reliable or not, we still have to be prepared to import parts from Japan and Germany for replacement.

In addition, we are also a major shareholder of microelectronic equipment, so we must remind them to stock up on a batch of key components. "

When Meng Rusong said this, he felt both funny and sad.

Microelectronics has just signed a temporary purchase agreement with Bolong Optics to purchase exposure optical systems of more than 10 billion yuan from the company as a reserve for one-year production.

Now it is necessary to purchase key components from North America or around the world for bulk storage.

It's like being caught in an inextricable cycle. If companies can't ensure the security of their supply chains, they will eventually die.

But microelectronics really cannot be blamed for this result, as no company has complete control over the supply chain of thousands of components.

Nor can ASML, which also needs to purchase raw materials and components from all over the world for its production.

Hu Yang was also very helpless, shook his head and said: "Let me tell Mr. Li later, he must be able to see the crisis."

The reserve of key components can meet the production volume of one year at most.What about a year from now?Just thinking about it gives me a headache.

"Mr. Zhang, Bolong Optics has to pay attention to this issue now. Don't wait until we officially start mass production and get stuck again."

Hu Yang intends to get people to implement the news as soon as possible, but regardless of whether the news is true or not, Bolong Optics must be vigilant.

The three of them sat there until after 11:[-] p.m. before Zhang Xiao and Meng Rusong took their leave.

The next day.

Hu Yang came to the office in the morning, before he could call Li Qi, Yu Hongbo hurried in.

"Boss, microelectronics equipment fell to the limit as soon as the market opened today. There are many rumors in the market, and they can talk about everything, but they mainly involve the possibility that the company's raw materials and key components may be out of stock."

Hu Yang had just said that microelectronic equipment might plummet, but today there was a limit drop. Yu Hongbo looked at Hu Yang with admiration.

"Ahem, I said before that the stocks of microelectronic equipment will plummet, but I didn't mean these things. Didn't you notice? The recent trend of the market is not very good.

There is a saying that it is not without reason. Let me put it this way, the thing about North America’s suppression of microelectronics equipment is very likely to be true. "

Hu Yang couldn't predict this sudden bad news, and he knew what Yu Hongbo was thinking. The timing of this incident happened by chance.

Yu Hongbo felt that this was an excuse from the boss. He must have foreseen the current crisis of microelectronic equipment.

Otherwise, how could someone as powerful as the boss watch Pinnacle Capital put its hand into microelectronics equipment?

He heard that the boss also showed restraint in front of Director You.The other party wanted to break off from Bolong Optics, but the boss agreed without saying a word.Looking back now, maybe it was to avoid the risk this time.

Therefore, within the Huijia department, many people have given Populus euphratica to Shinhwa.This is mainly because his past record is too dazzling, and everyone thinks that he should be omnipotent.

Hu Yang didn't know what Yu Hongbo was thinking, but it was obvious that the other party didn't believe what he said.

"Old Yu, you should pay close attention to it recently. If there is a suitable opportunity, you can consider buying some stocks of microelectronic equipment in the name of Bolong Optics."

Hu Yang didn't bother to explain any more, he gave Yu Hongbo an explanation, and waved him away.

Not long after, Wu Xinhui knocked on the door and came in, saying, "Director Li from Microelectronics is here, and he's downstairs. Does Mr. Hu have time to see him?"

Hu Yang originally planned to call Li Qi, but he didn't expect that the other party came to him directly.

"Assistant Wu, go and pick up Dong Li, and then take him directly to the reception room."

No need to ask, Li Qi must be because of those rumors.

But Hu Yang has no good way to help him for the time being, the most he can do is to suggest him to reserve more raw materials and parts.

Ten minutes later, Hu Yang met Li Qi in the reception room.

"Mr. Hu, microelectronics equipment is facing a huge crisis. I hope you can help me and let the company survive this difficulty."

Li Qi was really rude, and asked Hu Yang for help as soon as they met.

Hu Yang smiled and waved his hands, saying:
"Mr. Li, it's not that I don't want to help, the two major shareholders of the company are standing there, so what's the matter with you coming to me?

Besides, even if I am willing to help you because of your Dong Li's face, the question is, what can I help you? "

"Look, I'm really in a hurry, and I'm talking in a mess. Mr. Hu, didn't I just sign a temporary purchase agreement with Bolong Optics?

I have already paid 30% of the advance payment, can you delay the rest of the payment?Don't worry, I will pay it off within six months.

I did this to reserve a batch of raw materials and parts. At least one year's production inventory is required. Please understand. "

Regardless of the fact that the company has just raised funds, the cash flow of microelectronics equipment is not very good.Before that, it repaid 50 billion yuan in debt to Hi-Tech Venture Capital, and it needs to repay the other party 50 billion yuan after three months.

Li Qi received the news that North America was about to cut off the supply, and immediately decided to reserve some raw materials and parts.With a one-year buffer, it is possible for him to find a glimmer of life.

Hu Yang discussed with Zhang Xiao and others before, and planned to complete the provisional purchase agreement for microelectronic equipment in three months.

But since the other party is currently short of funds, it doesn't matter if the delivery period is extended to six months.

"Mr. Li, go and discuss with Mr. Xu and Mr. Zhang of Bolong Optics later, and I will say hello for you."

After six months of delivery, the microelectronic equipment still needs to be paid in full, which is nothing to discuss.

As for the debt of 50 billion yuan from Hi-Tech Venture Capital, neither of them mentioned it.

Director You and Pinnacle Capital almost turned heads with Hu Yang, and after Zhang Xiao left the microelectronics equipment, he fell into the arms of Bolong Optics. The conflict between the two parties has long been made public.

Populus euphratica is not the Holy Mother, it is impossible for him to help microelectronics unconditionally.

"Mr. Hu, thank you so much! Hey, I can't say some things, but no matter what, I personally appreciate your kindness."

Li Qi left without even drinking a cup of tea. He knew very well that the microelectronic equipment had encountered a life-and-death test.

Of course, he is definitely not the only one who is anxious. Yang Hu and Wu Zunyou of Pinnacle Capital are even more anxious than him.

Recently, the two have negotiated a bank, and they are going to take a loan first, and they will use the equity in the microelectronic equipment they hold as collateral.

Yang Hu wanted a loan of 70 billion yuan, but the other party only agreed to give 60 billion yuan.

The two sides wrangled for a few days, and finally waited for this bad news.If the stock price of microelectronic equipment continues to fall, let alone 70 billion yuan, banks may not even lend them 10 billion yuan.

"Mr. Yang, I'm to blame for this incident, I'm too greedy. If we hadn't been blindfolded by the 1000 billion yuan subsidy, we wouldn't have come to where we are today."

After thinking about it, Wu Zunyou felt that there was no chance at all.

The shares held by Summit Capital are far from the sales restriction period, and it is impossible to sell them in the market.Now the bank has also changed its mind and does not agree to the equity pledge loan.

In this way, the 100 billion yuan invested in microelectronics equipment may really be in vain.

"Mr. Wu, how can you be blamed for this matter? We can only blame our bad luck. I will go to Director You immediately. No matter what, MODU State-owned Assets is also the largest shareholder. I hope they can have a countermeasure."

Facing the suppression from North America, Yang Hu has no temper at all. He hopes that Director You will find a solution.

Wu Zunyou didn't say anything, he wasn't optimistic about Director You, but had some hope for the new chairman, Li Qi.

But he wouldn't stop Yang Hu, it wouldn't hurt to try it.

As a result, Yang Hu rushed to Director You's office, but was in vain.The staff told him that Director You had gone to a meeting in the city.

"A meeting? What kind of meeting? I still have energy for a meeting at this time, hum!"

Yang Hu was in a bad mood and couldn't help making complaints.But he didn't think about it, he didn't make a phone call before he came, so he couldn't blame anyone else.

"Mr. Yang, Director You said that he will definitely be back before noon. Otherwise, why don't you go to other things first and come back when you are about to get off work?"

The staff didn't dare to offend Yang Hu, so they had to deal with him with a smile.

"Take me to the reception room, I'll wait for him here."

Yang Hu suppressed his anger and followed the staff to the reception room.

(End of this chapter)