I asked you to save a bankrupt factory and you became the richest man in the world.

Chapter 575: 455-456: Hillhouse Vehicle IPO (Part 4000)! ( words)
Just when everyone was still helping Hillhouse to withstand the pressure from Xi'an University, everyone was talking about the sales performance achieved by Hillhouse.

Hillhouse Group split off Hillhouse Vehicles and cleaned up the shell resources.

With the help of the hot sales of Mate 20, Hillhouse Auto has taken its recognition of Hillhouse to a higher level among institutions.

In this way, the IPO of the giant Hillhouse Capital Group in Freeport and A-share market has reached the final stage.

Given that Xiaoling APP is still in the incubator and has just achieved profitability, and Hillhouse Artificial Intelligence, Hillhouse Chip, and Hillhouse Battery, several internal companies, do not plan to do too much B2C and B2B business in the future, Gao Huaijun does not plan to add these core assets of immeasurable value into the shell of Hillhouse Vehicle.

After all, Hillhouse has now passed the period when it was most short of money.

Moreover, these companies have not yet come up with anything innovative, and Gao Huaijun is afraid of being influenced by external factors and being manipulated.

A key purpose of Hillhouse Vehicle's listing is to enable Hillhouse Vehicle to obtain cheap corporate debt interest in the public debt market when Hillhouse Technology can only maintain operations for a long time.

The A+H listing plan of Hillhouse Vehicles, which followed the release of Hillhouse’s financial report, caused a strong earthquake in the entire financial industry.

Hillhouse Capital is now known as a national enterprise within the financial industry.

Whether it is its R&D investment, overall management level, proportion of heavy assets, or marketing level, it is at a relatively high level in the industry.

However, these institutions have certain doubts about whether Hillhouse can withstand the fierce attack from Xi’an University.

But now, this doubt has been partially dispelled!

Even Chinese financial institutions, which are known for being the most soft-kneed, cannot ignore this terrifying existence in China that can confront the University of the West and gradually eliminate the impact of its own suicide.

There is no way, this group of people is the most powerful group in the world.

If you have strength, they will try their best to lick your boots.

If you don’t have the ability, then I’m sorry, no one will stay at your place.

At present, based on the core profit of 2019 billion yuan of Hillhouse Automotive in 730, the valuation of 21900 times PE required by Gao Huaijun was given. Now the total market value of Hillhouse Automotive can reach an exaggerated amount of trillion yuan.

It is roughly equivalent to an estimated value of 3100 US dollars.

This valuation is also the highest IPO valuation among global automobile companies.

You should know that in the A-share market, the market value of Agricultural Bank of China, which has a turnover close to that of Hillhouse Capital, is only 18000 trillion yuan.

Although banking and automobiles are two different industries, the direct and sharp contrast in market value is still a bit exaggerated.

Agricultural Bank of China, one of the Big Four banks!
In the A-share market, a stock with a market value of more than 1000 billion yuan is considered a big stock.

There are not many giants like Agricultural Bank of China.

Many companies, at their peak, if they can reach a market value of tens of billions, can proudly declare that they are mid-sized listed companies.

State-owned companies in China can grow from companies with a market value of tens of billions to companies with a market value of hundreds of billions or even tens of billions.

Yes, but not many.

However, even so, Gao Huaijun was still not particularly satisfied with it.

Hillhouse Capital is now ahead of other global automotive companies in the autonomous vehicle ecosystem.

It is safe to say that the future technological revolution in the necessities of life will most likely be triggered by Hillhouse Capital.

In this era, Hillhouse vehicles are a heaven-defying and unique existence.

It has not yet made any effort in the global market. We will have to wait until Hillhouse Vehicles slowly shows its fangs in the global market.

If you have both product strength and cost-effectiveness, how can other automobile companies compete?
But. . . .

Such a beautiful story, plus it withstood the self-destruction of the United States, so the PE is thirty times?

You know, the PE ratio of Tesla in Gao Huaijun’s previous life was over 200 times at its peak.

What does Tesla have?
Is it a used car modified from a car that hasn't been modified for ten years?

Without artificial intelligence and driverless cars, are you qualified to compete with Hillhouse?
And the PE ratio is more than two hundred times?

Now institutions think that a PE ratio of thirty is high?
Gao Huaijun felt a little annoyed when he saw their faces.

This group of people have absolutely no concept of what a Western University institution should have.

They always like to chase rising and sell falling, and never want to work hard to create a bull market in the A-share market comparable to the U.S. stock market.

Given the overall market atmosphere, it is impossible for Hillhouse Capital to remain unaffected alone.

Come to think of it, this is the only way.

Because he is very clear in his mind now.

The capabilities demonstrated by Hillhouse's vehicles on the chessboard and the mysterious power above can be seen with the eyes.

A+H listing is actually the next token of investment!

A leading automobile company like Hillhouse Automotive that transcends national boundaries naturally needs to be under control.

When the news of Hillhouse Capital's upcoming IPO countdown came out, the A-share market fell for three consecutive days.

There is no way. When Hillhouse Capital, a giant, goes public, it needs institutions to withdraw money to follow the investment. Where does the money come from?

It can only drain the liquidity of other big stocks!

But. . .

This kind of situation has occurred before when large stocks were listed on the A-share market, but it has never been as exaggerated as Hillhouse Capital.

"The listing of Hillhouse Capital's vehicles was so impressive that it actually directly drained the market's liquidity."

"The Paw Patrol has high hopes for this stock. There are about 2000 billion floating shares. It is estimated that insurance funds and pension funds have come in and are heavily invested. Otherwise, how could such a big fuss be made?"

When a group of financial professionals were chatting, they suddenly heard this news and were all stunned with surprise.

China’s pension fund cannot be lost!

This is all the people’s pension money!

Generally, pension funds tend to invest heavily in dividend stocks, such as various large-cap stocks with Chinese characters in their names. Pension funds have always been very cautious about private enterprises.

There will be portfolios, but not a lot of them.

However, now people suddenly talked about the fact that pension funds would hold large positions in Hillhouse, and that Hillhouse vehicles had a market value that was overestimated at 30 times the PE ratio. This made everyone present re-evaluate the value of Hillhouse vehicles.

Since Hillhouse Capital was sanctioned by Xi’an University, these financial institutions will chase market hotspots and buy Hillhouse Capital’s stocks, but they will not buy too much or even bet heavily.

The reason is that they feel unclear about Hillhouse’s future development!
What kind of role is Xida? He is the overlord of Blue Star!
Would such a ruthless character end up in disgrace after suffering a severe setback?

impossible!
Absolutely impossible!
There will definitely be various means waiting for Hillhouse in the future.

However, the current layout of pension funds has made them re-examine the company Hillhouse Vehicle.

Maybe, it’s not that simple!
The competition between Xi’an University and Donghua University will be a very critical point of contention for Hillhouse.

It is no exaggeration to say that it is the core focal point.

"A circulating market value of 2000 billion is too scary. You have to know that the daily trading volume of the A-share market is less than one trillion, let alone more than one trillion."

"It's not just us. Northbound funds will also focus on layout (referring to funds flowing into the Chinese stock market from the free port, mainly foreign capital entering the A-share market through the two channels of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect). Such high-quality companies will basically be held in their hands and not moved."

"If the Paw Patrol takes the lead in purchasing, then our team should also give it a try."

"Try? Hehe, I think the Paw Patrol will focus on this stock and make it a benchmark stock with dividend effects. It has an obvious money-making effect. I am optimistic about it."

"Yes, I am optimistic too!"

These institutions initially felt a little panicked by the 2000 billion yuan of circulating value of Hillhouse Capital's shares.

After all, Hillhouse can be basically certain that as long as it goes public and its share price rises slightly, it can directly lock in the status of the number one vote in China's A-shares.

I was a little hesitant at first.

However, when they saw that the Paw Patrol was about to build positions, these financial brokerages changed their attitudes one after another, and each of them fought with full enthusiasm.

If the 2000 billion yuan pie is divided up by only a few institutions, there will definitely be indigestion.

But now pension funds are in the dominant position and take up the lion's share, which means that there is very strong takeover in the primary market.

These institutions can't help but be moved.

Hillhouse Capital's performance is still soaring, and from the perspective of the imagination of the story, it is indeed very exciting.

If you don't participate, it will naturally be a huge loss for yourself.

Over the past decade, there have been too many companies following Hillhouse Capital and engaging in venture capital.

But once it was on the market, everyone started to hesitate.

If the cake is too big and you can't finish it, it is very easy to cause indigestion.

But now that there is a big boss organizing the group, naturally all the institutions have regained their greed and started scrambling to get a piece of the pie. They have taken the initiative to contact Huajian Investment, hoping to get a bigger share of the pie.

"It would be great if Hillhouse chips could be listed on the market," one of the financial tycoons sighed.

"If Hillhouse Chip goes public, haha, the market value will not be much different from Hillhouse Vehicle." Another big shot said meaningfully.

The financial tycoons present were all surprised, but quickly regained their composure.

The reason why Hillhouse Chip can be given such a high valuation is not that it can provide stacked chips, but that it can now stably provide some computing power chips that are not too backward.

Computing power is national strength. This is a very loud slogan recently shouted out in the financial circle.

These bigwigs who are very familiar with the chip industry actually understand how valuable Hillhouse's computing chips are.

The price of the Ascend 910B chip developed by Hillhouse Chip is now at an extremely high level, but even at a high level, the price is increasing instead of decreasing. Now the price of one chip has risen to 12 yuan.

A chip costs 12 yuan. How many SOCs do you need to sell to equal one Ascend 910B chip?

Moreover, the Ascend 910B chip is still out of stock.

Ultimately, Hillhouse will first open up the supply to Hillhouse AI for use, and then consider external companies.

As for external companies, considering the impact of Xida on Hillhouse's self-destruction, many leading companies also give priority to purchasing Ascend 910B chips as core computing chips.

Xida has recently been promoting its fourth self-determination strategy towards Hillhouse Capital, not only cutting off the channels for Taiwan Electric to outsource its Ascend computing cards, but also preferring to bear the huge price of a severe blow to Nvidia's CUDA ecosystem and handing over the entire Chinese market to Hillhouse Ascend, in order to ban the sale of AI computing cards to the entire Hillhouse Capital.

However, the final result is that with Hillhouse Capital's efforts to promote the mass production of independent advanced processes, Ascend and other domestic AI computing cards have ushered in an unprecedented huge historical opportunity.

However, there is only one leader, and everyone has only one answer in their mind, and that is Hillhouse!
Almost all first- and second-tier Internet giants have increased their purchases of domestic products such as Ascend computing cards.

A large number of downstream companies have been fully mobilized and worked closely with Hillhouse’s on-site staff to complete the reconstruction of a large number of operators under the Ascend ecosystem.

"Hillhouse is so rich that each user must be equipped with one or several on-site personnel. They are simply piling up money to iterate."

"The salaries they offer are just right. Otherwise, where would there be so many capable young people willing to respond at any time, and at a 007-level level?" said another financial tycoon with a wry smile.

Now Hillhouse Capital is the most popular company to join in China. In comparison, these securities firms have to stand aside.

According to him, every year college students in related industries, even those at the Peking University or Tsinghua University level, tend to work for large companies like Hillhouse rather than foreign-funded enterprises. This is completely different from the situation a few years ago.

Even in the financial industry related to institutions, many people even prefer to choose Hillhouse's financial functions, which is somewhat incredible.

Securities firms have always been T0-level business owners in China.

Just like that, they were all killed by Hillhouse?
"The Ascend 910B chip is really popular recently. I heard from an AI manager of a large company that they used to have to explain the reason for purchasing Ascend to their superiors so that they would not think that they were cultivating competitors. Now they have to worry about whether Ascend can deliver on time and not raise prices."

"What a pity! There is no computing chip company in China that can compare to Hillhouse, not even one."

"The semiconductor industry is a typical example of 'first-mover advantage, the strong will always be strong', especially in the design field where 'winner takes all' is extremely obvious. Hillhouse has Hillhouse Technology and Hillhouse Vehicles chasing after Hillhouse chips, and they have been chasing after them for ten years. The momentum is unstoppable. Now only Zhongwei's HiSilicon chips have some hope."

"That's difficult! Hillhouse AI is already unique in China's AI field. With this exposure to feed computing chips, Hillhouse Chip can be said to be in a state of easy win."

The financial tycoons present couldn't help but sigh as they chatted.

In China, Hillhouse Capital has become a behemoth that all technology industry practitioners do not want to deal with!
Just as various institutions are gearing up, Hillhouse Capital's A+H IPO has entered the countdown stage!
(End of this chapter)