this man is not calm

Chapter 402: Checking for omissions and filling them up
In this prospectus, the actual controller and the largest shareholder, Beihai Shipping, directly and indirectly holds 25% of the shares, demonstrating Mei Yingnian's strength. The third largest shareholder is Jinxi Culture, which holds 15% of the shares.

Based on the current valuation of 41 billion, the shares held by Jin Shang are worth more than 6 billion.

Combined with the holdings in two listed companies, CSSC Electromechanical and Jinxi Video, Jin Shang's personal wealth has exceeded 23 billion.

According to the last domestic rich list, this figure ranks around 80th place.

Even though we all know that there are many unknown hidden wealthy people, it is already quite exaggerated to be listed on the Hurun Rich List based on publicly available wealth.

What's more, Jin Shang is a young talent who is just over 20 years old and has graduated from university for less than three years, which is even more rare.

With the decryption of a financial news report, Jinxi Culture, a technology and culture company that is currently quite famous in the IT circle, broke out of the circle for the first time and entered the public eye.

Its boss, Jin Shang, has also transformed from a mysterious entrepreneurial tycoon to a representative of the popular and promising young people. A lot of information has been dug up about his past performances on TV shows and reports in major mainstream newspapers and magazines. Only his identity as a singer with the stage name "Yuan Xiu" seems to be far from being a billionaire. Even if there are occasional reports about him, not many people believe it.

Since the release of Minxing Bank's prospectus, my second uncle Mei Yingnian has become noticeably busier. Jin Shang, the representative of the third largest shareholder, also occasionally visits the company's headquarters to see how things are actually operating.

The young joint-stock bank developed at a very fast speed. Soon after its establishment, it encountered a sharp drop in interest rates, an improving economic situation, the importance of financing was highlighted, and all industries had a huge demand for funds.

The purpose of this IPO financing is to supplement Tier 1 capital, rapidly expand business scale, and take advantage of this wave of monetary easing.

With a financing scale of approximately 8.5 billion, if nothing unexpected happens, it will be the largest IPO this year.

At the end of last year, my second uncle Mei Yingnian imagined that the financing amount would be only about half of the 8.5 billion yuan. As a result, the development momentum in the first half of this year shocked many old players in the capital market.

The booming foreign trade exports far exceeded expectations, and the coexistence of asset shortages and money shortages caused the valuations of mainstream banks to rise steadily.

There is a huge advantage for Minxing Bank, that is, the pressure to attract deposits is not particularly great, which is really wonderful for a commercial bank that has been established for a short time.

CSSC Electromechanical, Planet Intelligence, and Jinxi Video are all big cash flow companies, especially Jinxi Payment, which holds a large amount of reserve funds for third-party payment channels, and Jinxi Mall, which has accounts payable ranging from three months to six months. They have abundant cash available for flexible use.

As the payments for MP3 players began to arrive in batches, the foreign exchange received was converted into about billion yuan, and billion yuan was recovered domestically. The amount of money to be received was even higher and was still rising.

Another cash cow is Xiaolingtong. Equipment sales are one aspect, but with the number of users exceeding 35 million, almost five times the number of domestic mobile users, the gross profit from phone bills collected each month is nearly 850 million.

In addition, the expansion of SP services including MMS, ringtones, mobile newspapers, weather forecasts, etc. also recorded a gross revenue of 260 million yuan last month.

The total amount of money earned from other miscellaneous sources is over 1.2 billion.

The more cash available, the more room for arbitrage there is for a "junk bond king" like Jin Shang.

With a three-month payment period, I can earn at least 3.5 percentage points more profit. With a half-year payment period, I can earn 8 percentage points more profit. This business is totally worth it.

No wonder some people say that the more money you have, the easier it is to make money. Not only is the risk lower, it is also easy and not tiring at all.

This scale is actually just right. The bond market can accommodate it, but it is not so large that it is inconvenient to move around.

As for the spot market, gold does not yet have the conditions, and the risks in the futures market are too high. If you rush in rashly, you may be targeted and killed by the "big sharks".

At present, it seems that the MP3 players that are popular all over the world are making money faster and at a higher rate, especially abroad, where the popularity is even more exaggerated than in China. As a result, a number of software applications, led by Jinxi Music, have begun to go abroad, and the download volumes of many genuine electronic music have hit new highs. Yuan Xiu, who has released a large number of English songs that are not very popular in China, has become more famous abroad than in China, and has become a young and cutting-edge Asian singer with a recognizable and exotic style.

Jin Shang is serious about cutting the leeks of foreigners, and he has already put it into practice.

In view of this, Jin Shang prepared to talk to Sun Daqi. After handing over the cross-border e-commerce wholesale sales of MP3 players to him, the data growth on the foreign trade and economic cooperation side was very gratifying.

The good thing is that MP3 players don't take up much space. If you choose to ship them by sea, a few containers can carry millions of devices to Europe and the United States for sale.

As for expedited orders, it is also easy to choose air freight.

A million units do not take up much space and are very light.

According to Lao Sun, this is a rare case of a high-tech electronic product in China being "reverse-rolled" as a foreign product. Not to mention the past fifty years, there have been very few products in the past one hundred years or so.

The MP3 player looks inconspicuous, but it sells so well.

It is somewhat surprising that the country's foreign exchange reserves, converted into local currency, are only around 3 billion. Last month, the sales data of MP players accounted for one seventy-fifth of the apparent foreign trade revenue.

This is terrible.

More than one billion yuan in cash was earned back with just this palm-sized inconspicuous equipment. If you expect to sell clothes, shoes, and small handicrafts, I wonder how much manpower and resources will be needed.

Not only the urban area, but also higher-level authorities were alarmed.

Departments such as the electronics industry, foreign trade and economic cooperation, and the Comprehensive Development Committee have all inquired about this.

There are profitable businesses, but making two or three billion in less than three months is simply amazing.

Originally, Jin Shang and Lao Sun had made an appointment to meet and chat, but when the time came, he took a group of staff on an overseas inspection. Due to an urgent mission, they didn't have time to meet.

As for the dinner appointment, I have to wait until he comes back and talk about it when he is free.
-
In the next half month, the problem for Jin Shang is still how to coordinate the construction and advancement of Xingdao Haihua and Jinxi Cloud Service, especially the latter, which is one of the most important pillars in the business map.

After consulting many people in the industry, Jin Shang roughly understood how difficult it is to fully implement the project.

Two weeks later, with the introduction of Hao Qilian, Jin Shang talked with a local person in charge of infrastructure planning. After returning, he immediately consulted Yang Qi and many executives who were familiar with IT software and hardware construction.

After copying the document in Jin Shang's hand and distributing it to everyone for review, those who could understand it basically frowned.

Sitting on the right is an expert in power systems whom Jin Shang specially invited from his alma mater.

"After the third phase is fully completed, the total server power will be close to 50 megawatts?"

Professor Deng Zhongliang asked incredulously,
"Such a large power consumption is about one twenty-fifth of the maximum load of the capital last year. Isn't it a bit unrealistic?"

"This is the calculated value for the future. In three years, it may be only one-fourth to one-fifth of this figure."

"That's too much! Mr. Jin, do you have any misunderstandings about electricity use?"

"I'm really not very professional, please enlighten me."

Putting his worries aside for the moment, Jin Shang listened patiently to Professor Deng answering his questions.

"Let me give you a simple analogy. The chemical plant your company is planning will require a large amount of water, and will then discharge a large amount of contaminated water..."

"We have a comprehensive utilization system, recycling, environmental protection and high efficiency..."

Deng Zhongliang waved his hand to stop Jin Shang's explanation and explained:
"Electricity is actually a similar resource. Mr. Jin, you don't think that after the current circulates through such a powerful data center, it will have no impact on the core power grid after returning, right?"

"what do you mean……"

Regarding the knowledge of electricity, Jin Shang, who only graduated from high school, said with a sense of enlightenment,

"Will electricity consumption by large factories also cause 'pollution' to the power grid?"

"Isn't this a matter of course?"

Deng Zhongliang spread his hands and said very sincerely,
"The biggest burden of the entire power transmission network is to ensure the balance between supply and demand. For a single plant with such a large load, even 5% is too exaggerated to be jaw-dropping, let alone 25%."

From his memories of his previous life, Jin Shang knew what a terrible "power guzzler" a super data center was. But when he actually started preparing to implement it, he was still shocked by its terrifying size.

"I will pay the electricity bill honestly..."

"This is not a question of whether to pay the electricity bill or not, Mr. Jin. To be frank, it's impossible! If this thing doesn't represent the most cutting-edge IT technology core, I'm afraid there is no room for discussion. Let's not talk about other aspects, just the electricity issue that I am more familiar with. Although the power consumption of your data center has been shown to remain stable for a long time, it is hard to guarantee fluctuations..."

"Of course. There are more users during the day and fewer users at night. The grid load also has peaks and valleys, right?" "Indeed, but your volume is so large that a small amplitude will result in a huge fluctuation. How can the grid load be adjusted? Can the entire Gyeonggi region cooperate with the data center?"

Generally speaking, the changes in urban electricity load are predictable, such as the difference between day and night, the need to turn on air conditioning for cooling in the summer, and the fact that every household uses more electricity during the Spring Festival, etc.

But data centers are too troublesome. Suddenly, a popular application comes out, and tens of millions or even hundreds of millions of users flock in, causing the load to soar in a short period of time. Who could have predicted this?

Next, Professor Deng Zhongliang shared a lot of common knowledge about power systems with the employees of Jinxi Culture present.

Many things that Jin Shang takes for granted are actually not that simple.

Just like when the power grid is connected to such a large load, a slight change will cause fluctuations in the overall current and voltage, causing great damage to electrical equipment and even causing accidents.

Electricity is a relatively dangerous energy source.

Stability, stability, and stability are the key to security.

Why is there a need for peak-valley power regulation?

Isn't it to ensure the stable operation of the entire power system to the greatest extent possible?

“So, what’s the solution?”

“Does it require a UPS power supply?”

"UPS?"

Everyone present was confused, as this thing was too unfamiliar to outsiders.

The so-called UPS power supply is (Uninterruptible Power Supply), an uninterruptible power supply with an energy storage device. It is indispensable for equipment that requires extremely high power stability.

When the AC power is stable, the UPS power supply is equivalent to a load stabilizer and charges the backup power supply at the same time. When the AC power fails or there is a power outage, the UPS system immediately switches to the backup power supply and uses the inverter to extract DC from the battery and convert it into AC power to power the data center, so that it can maintain normal operation and operation, without damaging the software and hardware and preventing computer data loss. At the same time, it can also provide protection against over-high or under-voltage.

"Speaking of which, your data center is also full of high-tech electronic equipment, and you haven't even thought about how to do this?"

"Oh, of course! If this thing loses power and stops working, the loss to our company will be too great."

"You... forget it, just tell me one thing at a time."

When Professor Deng Zhongliang saw Jin Shang's expression, he knew that the other party had not noticed these details at all.

"UPS power supply is developing very fast and has been widely used in aerospace, communications, hospital power plants, emergency firefighting and other fields. It seems that... network equipment such as data centers also have a great demand for it. From your information, UPS power supply plus inverter is a perfect match for data centers. In addition..."

After hesitating for a while, Professor Deng Zhongliang said very clearly,
"With such a large load, it is entirely dependent on the city electricity. The impact is too great. I estimate that in the end, we still have to provide our own power supply. We have to do energy storage and peak load regulation anyway, so why not just build our own power supply? It is difficult to deal with the capital... or even the entire capital region. As a private enterprise, even if we have many names, it is difficult to get through many links. It is better to be self-reliant."

"Self-contained power station?"

Different from power stations that operate in conjunction with desalination plants and chemical plants, power stations that are dedicated to data centers or even not connected to the Internet mean that Jinshang has to start from the basics and open up an entire industrial chain.

May I?
Jin Shang was a little hesitant, but judging from the feedback from the "Golden Broom", Professor Deng Zhongliang really had good intentions and was looking for a solution to the problem.

"Excuse me, Professor Deng, but it is difficult for private enterprises to build large-scale power plants in Beijing... It's not impossible, but whether it's worth it is another matter."

This is not on the same level as building a mom ranch, an entertainment studio, or a film and television production center.

“Distributed power supply!”

Professor Deng sighed with regret,
"You have done energy storage projects at Xingdao Haihua, which are related to new energy. You can do it! Wind power is too far away, and rooftop photovoltaics are being promoted by foreigners in full swing. Large power plants are difficult to build, but small and medium-sized natural gas generators can add up to a considerable amount. As for the others... the ones mentioned above, the economic value is not high, but it doesn't matter..."

"How to deal with it?"

"Subsidies! I heard that you have a decent background. You are doing good things that benefit the country and the people. Environmental protection and low carbon, new materials, new energy, new technology, preferential policies, subsidies, etc. Can't you apply for them?"

There are many scammers of all kinds trying to make money, and everyone is trying to get subsidies. Why can't Jin Shang, a key technology company that is serious about doing big things and honestly following policy guidelines, get the benefits it deserves?

This one sentence was like a ray of hope, making Jin Shang overjoyed.

These days, photovoltaic equipment is quite expensive and difficult to maintain, and the cost of generating electricity is too high.

But the government provides subsidies, and taking into account various benefits, it is not much higher than industrial electricity consumption.

“Photovoltaic…what about equipment life and wear?”

"Don't worry about that..."

Professor Deng patted his chest and assured,
"We haven't reached the theoretical limit yet, but the progress is not big. Once we pass the commercial break-even point, we can do it. Don't be fooled by the seven or eight years or ten years marked on the lifespan of photovoltaic panels shipped out of the factory. In fact, that is an ideal replacement. Most people may not know that photovoltaic panels from 20 years ago are still in use today, and it is estimated that they can barely continue to support for another 20 years..."

Within five years, the performance will decrease by 20%, and will become slower and slower thereafter. It is estimated that after another thirty years, it will be less than 60%, which is acceptable enough for use.

In the long run, there is definitely money to be made, even at the current high prices. Twenty years later, photovoltaic panels will be more efficient, have a longer service life and lower costs. For individual families, the risk is still a bit high, but for large-scale photovoltaic power stations, as long as the energy storage problem is solved, there will definitely be big profits.

For Jinxi Cloud Service, there is no problem of energy storage at all. Photovoltaic power generation is generated on site and used locally, and other channels of distributed power supply may be needed to make up for the shortfall.

No wonder twenty years later in the previous life, there was a conclusion that power generation was the core competitiveness of a country's artificial intelligence development.

Without electricity, there is no future. Whoever can obtain more environmentally friendly and cheaper energy will control the future.

After making up his mind, Jin Shang asked very seriously:

"How much subsidy is there for distributed power stations, photovoltaic power generation, new energy power generation, and city power cogeneration? What are the current regulations?"

Deng Zhongliang smiled slightly and then told the story.

Half an hour later, Jin Shang, who had calmed down, finally felt a little relieved after finding the answers to his doubts for a while.

It is much more reliable to have professionals checking it than a bunch of idiots who have never done this before figuring it out.

Electricity costs account for more than 40% of the operating expenses of super-large data centers, and may reach 60% in extreme cases. The servers themselves have high power and generate a lot of heat, so the temperature and humidity in the computer room must be strictly controlled, so a very sophisticated layout and cooling system are required.

Jin Shang decided to use the most reliable plate-cooled indirect evaporative cooling air-conditioning system for energy saving. When external conditions are suitable, air cooling is sufficient. For the next best case, a spray system will be needed to spray water and evaporate heat for cooling. Under the most severe conditions, an electric compressor is used to supplement the cooling.

In short, it is completely sufficient under the climatic conditions in Beijing.

Combined with the UPS intelligent integrated control system recommended by Professor Deng Zhongliang, large inverters, distributed power supplies, and various energy-saving measures, it can save about 8% to 20% of power consumption.

This level is really impressive.

"The high-efficiency green UPS intelligent control system can not only reduce power consumption and reduce the 'pollution' to the power grid, but also adapt to local conditions and save operating costs. It is a win-win situation for everyone. The only problem is that the initial investment is a bit large, and the construction period needs to be appropriately extended."

"That's fine. The subsidiary has gone public and the financing is in place. We are not short of money."

In the next few years, Jinxi Culture will usher in a peak period of development with abundant cash flow.

This is how business works. The less money you are short of, the more people will rush to give you money, hoping that Jin Shang will lend you more.

In the future, spending money will be far more important than making money. Several cash cow projects have entered the fast lane of development and no longer need Jin Shang’s hands-on support. They can make a lot of money relying on natural expansion.

The data center is the foundation of Jinxi Cloud Service and the processing center for the company's future large-scale online business. Video, music, blogs, e-commerce, offline life, Jinxi chat, online games, etc. will sooner or later be moved to the cloud server to comprehensively utilize data, save costs, and avoid duplication of construction.

(End of this chapter)