Rebirth of Northern Technology

In March 1993,

Pentium (Pentium) processors began to officially ship.

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The investment case of "Full Color Technology" has attracted a lot of attention from Wall Street.

After several rounds of calculations, Quancai internally decided to take out 150 million shares, at a price of 2.5 US dollars per share, to sell the company's shares to major investment banks and private equity.

If calculated according to the net assets and net profit of "Full Color Technology" at this time, it will not be able to support this stock price. At this price, the total market value of "Full Color Technology" will reach an astonishing $2.25 billion.

This market value is not a small business in the United States.

The two sides have been bargaining over this price and quarreling endlessly.

But this quarrel, when the time came to March, the dust settled.

There are several reasons.

The first one, with the steady mass production of the 2, 3, 4, three production lines, the role of LCD money printing machines began to appear.

Second, with the acceptance of the two new factories, these four new production lines are about to enter the final stage of equipment installation, and mass production is possible at any time, and they start to contribute production capacity.

Third, the market price of LCD, driven by many notebook manufacturers, has not declined with the release of LCD production capacity on the market. This gives investors an illusion, that is, the fair price of TFT-LCD It should be so!

Calculated at this price, each 1.5-generation line of Optoelectronics has a monthly production capacity of about 6,000 pieces (1.5 shifts per day), and the gross profit that each piece can contribute exceeds 1,000 US dollars.

In other words, only these seven first-generation production lines can contribute more than 40 million U.S. dollars in gross profit every month!

The gross profit that can be achieved by full color in one year will exceed 500 million U.S. dollars.

Is the $2.25 billion valuation high?

The fourth and most important reason is the successful mass production of the 2nd generation line!

The launch ceremony of the 15-inch LCD panel was grand and grand. After the large LED screen, the optoelectronics system once again created the world's number one.

Even more frightening is that "Full Color Technology" promised several final investors that the company's first 3rd generation line will be available in the fall of 1993, and its screen will reach an astonishing 19 inches.

There are not many CRT monitors of this size in this era. Driven by full-color, TFT-LCD displays have been equipped to enter the broader TV market.

It was this series of operations that led to Quancai getting everything it wanted in the spring of 1993, a financing amount of US$375 million.

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This financing, plus Kerui's 50 million US dollars, totals 425 million US dollars of financing, pushing the management of Quancai Technology to the forefront.

Manager Bai waited for a group of people with high spirits.

The total amount of foreign investment attracted by this financing case is second only to that of North and South Volkswagen. What's more worth mentioning is that the total valuation of US$2.25 billion has brought the scale of the company to a new level. Its scale has surpassed Bingfei, becoming Bingcheng's brother!

From a national perspective, Quancai is also the top player in the top rankings!

The speed of full-color development is jaw-dropping, and its development speed shows no signs of slowing down.

With the completion of this investment, the development of "Full Color Technology" has accelerated again.

Equipment orders for 4 2nd generation lines and 2 3rd generation lines were sent to related equipment manufacturers at the same time.

The main reason for not continuing to invest in the first generation line is that after the introduction of the 12-inch LCD, notebook manufacturers, including xBM, have changed their notebook release plans in 1993.

This makes the LCD market of 10 inches and below begin to shrink.

For full-color, the production cost of 12-inch and 10-inch LCDs is not much different. In recent months, the production of 10-inch LCDs has been completely abandoned and turned to 12-inch products with higher profit margins.

I believe that in the future, after the advent of 14-inch LCDs, the same process will occur in the market.

With the efforts of two brothers in the same class on the first generation line, the market under 12 inches will soon face fierce competition as demand decreases and supply increases.

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As the largest shareholder of Quancai Technology, Cheng Yongxing still holds 230 million shares after releasing 50 million internal employee shares. This time I also took the opportunity to cash out 20 million shares.

These 20 million shares have brought 50 million US dollars in cash to the talent fund. Even at the official exchange rate at this time, it is equivalent to nearly 300 million yuan!

This makes the enrollment scale of PlanB in 1993, the number of ten thousand for the first time! Rebirth of Northland Technology latest chapter address: https://www.readwn.com/book/128175.htmlRebirth of Northern Science and Technology Full Text Reading Address: https://www.readwn.com/read/128175/Rebirth of Northland Technology txt download address: https://www.readwn.com/down/128175.htmlRebirth of Northland Technology Mobile Reading: https://m.readwn.com/read/128175/For the convenience of reading next time, you can click \"Favorite\" below to record this reading (Chapter 454 Speed ​​Up Again), and you can read it next time when you open the bookshelf To! If you like "Rebirth of Northland Technology", please recommend this book to your friends (QQ, blog, WeChat, etc.), Thank you for your support! ! (www.readwn.com)