Technological power starts with upgrading lenses.

Chapter 430 Conversation
Since it would take 72 days for Tianwen- to reach its destination, no matter how much Kang Chi cared about finding new elements, he had to put it aside for the time being.

After returning to Dongyang, Kang Chi first called Ming Yuhan over and asked about the situation of Dahan Silicon Industry.

After learning that Shencheng Silicon Industry had officially sent someone to take over Dahan Silicon Industry two days ago, Kang Chi suddenly asked her, "What do you think of the position of general manager of the group?"

Group general manager?
Ming Yuhan was obviously startled when he heard this word.

Zhang Qing is leaving and the group is changing its leader. Is this really going to happen?

The position of group general manager in Longteng Group is absolutely second only to the general manager. In addition, Kang Chi rarely interferes with the specific operations of the group, so the internal power is astonishingly great.

Not only does she have great power inside, as Kang Chi's "agent", she is also very powerful outside. Not only does she travel by a special plane every time, but leaders from all over the country are also very enthusiastic when discussing projects. A project finalized by Zhang Qing may make the economy of a county or even a city take off directly.

Zhang Qing actually just said she would not take such an attractive position?

However, the greater the power, the greater the responsibility. Although the scale of the group has become much smaller after a round of optimization, it is still a large group with more than 100,000 employees. Perhaps others can only see the glorious side of Zhang Qing, but as a senior management who often comes into contact with Zhang Qing, Ming Yuhan actually knows very well how much effort and hard work Zhang Qing has put in behind the rapid development of the group.

Anyway, every time Ming Yuhan contacted her, no matter whether it was day or night, she would get a prompt response. This kind of working state of being on call 24 hours a day, every day of the year, even Ming Yuhan, who thought she was also very "competent", felt ashamed of herself...

The key is to encourage the work efficiency of the management. Once you enter the management of the group, there is no clear overtime pay. All overtime results will only be reflected in the performance appraisal of the year-end bonus.

If you work overtime every day and your performance doesn't improve, you will not only not get a year-end bonus, but you may even be demoted.

If you just honestly complete the tasks assigned by your superiors, then even if your performance does not meet the standards, you will still get the year-end bonus, and your superiors will be the ones to take the blame.

Honestly speaking, if other companies did this, they would have failed long ago.
But at Longteng Group, the situation is slightly different.

Kang Chi will lead the scientific research and Zhang Qing will be in charge of management. As long as the two of them cooperate well, there will be no problem in planning the direction of technology and development. It will be a good thing for the group if the people below just lie down and don't mess around.

Therefore, if one does not have the ability of a C but has a C heart, he will only get worse and worse in Longteng Group. The management system will educate him that the right thing to do is to just play as a support if he is not strong enough.

Anyone who dares to compete in the group and holds a high position is basically a top talent.

After Ming Yuhan pondered for a moment, he gave a very objective answer: "I think the importance of the group general manager in company management is about the same as your importance in the company's technological research and development."

"As long as the people below work hard, it doesn't matter if they have little ability, but your ability must be strong, and both sides must cooperate well, otherwise the development speed of the group will definitely slow down."

Kang Chi nodded and asked again, "Do you think you are qualified for this position?"

"I……"

Hearing Kang Chi's obvious hint, Ming Yuhan's heart suddenly began to beat violently.

Who in the workplace doesn’t want to get promoted and get a raise?
But thinking of the importance of the helmsman of the group, Ming Yuhan finally took a deep breath and replied: "Although I have been able to manage a manufacturing company like Dahan Silicon through the training in the past few years, I still don't think I am capable enough to manage such a large group, and I can't keep up with your pace..."

"Um……"

Kang Chi was somewhat surprised to hear Ming Yuhan's answer.

To be honest, he was obsessed with the laboratory all day and rarely cared about company management. He also lacked understanding of Zhang Qing's work content. He just felt that the company had enough money and people and should be easy to manage.

So Kang Chi made a test expression and asked, "What do you think is the difference between managing Dahan Silicon Industry and the entire group?"

Ming Yuhan pondered for a moment and then replied, "Dahan Silicon is a relatively stable company that can operate normally as long as it follows the routine. However, the group as a whole is in a state of crazy expansion and continuous expansion. These two states bring completely different things and pressures to the management."

"You haven't seen how CEO Zhang racks her brains for the launch of new companies and new projects. I guess she is so busy that she doesn't even have time to put on a facial mask... I think the position of general manager of our group is not something that ordinary people can do."

"So exaggerated?" Kang Chi couldn't help but wonder, "Doesn't the group have an advisory group?"

"The advisory group is just an auxiliary. Shouldn't President Zhang be the one who makes the real decisions? This is just like the emperor in the past reviewing memorials. Although she has absolute power and the 'cabinet ministers' have formulated a solution, she still has to think and weigh every decision she makes. A decision made carelessly may very likely lead to misleading the country and the people."

"In fact, managing a group is essentially the same as managing a country. With the current scale of the group, Mr. Zhang may have more things to deal with than some small countries. There are too many documents to read and too many decisions to make every day..."

After listening to Ming Yuhan's words, Kang Chi couldn't help but fall into deep thought.

His requirement for the group's general manager has always been that he must have decent management skills so that he can be at ease and just be a hands-off boss.

But after Ming Yuhan said this, he realized that what he thought was "acceptable management skills" was actually too low.

Perhaps when Zhang Qing first came, because the group was small, Kang Chi's request was no problem.

However, with the crazy expansion of the group, the requirements for managers will inevitably rise, which forces Zhang Qing to constantly improve herself, because if the speed of self-improvement is not fast enough, she may not be able to steer this giant ship.

Judging from the previous status of the group, Zhang Qing managed it pretty well. Although there was nothing particularly outstanding in terms of management, at least the group did not seem to have any major problems. This alone shows the efforts she made behind the scenes.

Thinking of this, Kang Chi suddenly felt a little distressed...

After a while, Kang Chi slowly said, "In your opinion, who among the group's senior executives is more suitable for this position?"

Ming Yuhan immediately shook her head: "I don't know either..."

"Do you really not know, or are you afraid of saying the wrong thing?"

"They are all there..."

After a moment of silence, Ming Yuhan finally couldn't help but ask, "Ms. Zhang is doing a pretty good job, why is she leaving so suddenly? Can't you find a way to keep her?"

Kang Chi's expression stiffened slightly.

Honestly speaking, he still felt somewhat regretful about his hasty decision that day, but since he had already said and agreed to it, he certainly couldn't bring himself to withdraw it now.

And since you know how hard this position is, it's a bit too cruel to let people stay and continue to work...

After Ming Yuhan left, Kang Chi called Zhuo Yuewen, the CEO of Dahan Chip Industry.

This was the second person on Kang Chi's shortlist. He had not had much contact with Zhuoyue Wen and was not very familiar with him. He only knew that he was a PhD graduate from Harvard's Department of Economics and Management, and that the human resources department had spent a lot of effort to dig him over from the U.S. Haowei.

In the two years since he was appointed as the CEO of Dahan Chip Industry, his performance at the beginning can only be described as mediocre.

But as he adapted to the environment and the company, the report card he delivered last year was the most impressive in the entire group, with a profit increase of nearly thirty times, making it the most profitable company besides his own son, Datang Heavy Industry.

The main reason for such a large increase in performance is his strong ability to expand overseas business. Almost single-handedly, he has developed Dahan Xinye into the world's second largest CMOS image sensor supplier. Its market share in consumer electronics, security monitoring, automobiles, intelligent transportation, machine vision, scientific instruments, professional imaging and other CMOS sensor application fields has surpassed OmniVision and Samsung in all aspects.
The reason why we failed to surpass Suoni and become the first was entirely because the group was on the selection list and some places just couldn't sell it.

As Country M is about to abandon its YT strategy and its long-arm jurisdiction is about to end, a larger market is waiting for him.

In addition, Dahan Core Industry's PC-side CPU and GPU businesses are also developing rapidly, but because production has not yet fully ramped up and the domestic market is not yet saturated, it is not yet time to expand overseas, not to mention the quantum chip business, which is unique and cannot be sold for the time being.

In general, Joyowen's capabilities are quite consistent with the group's future overseas strategic needs.

Upon hearing that Kang Chi wanted to talk to him, Zhuo Yuewen immediately canceled all his plans and rushed to Dongyang to meet Kang Chi that afternoon.

The two first talked about the situation of Dahan Xinye, and then Kang Chi suddenly asked him: "What are your opinions and suggestions on the group's overall development strategy?"

Big development strategy?

Zhuoyue Wen was slightly stunned, and after organizing his thoughts, he quickly replied: "You have given our group an absolute advantage in technology in all business areas. For a technology group, this is basically invincible. The difference between a good development strategy and a bad one is only the speed of development, so the pressure of strategy formulation has never been great."

"As for suggestions, actually, if you hadn't asked, I would have always wanted to make one. Don't you think that as a high-tech group, we are still too conservative in using finance to accelerate development?"

As expected, as someone who studied economics, his eyes cannot be left without finance.

In fact, Kang Chi himself was of course aware of the conservative nature of the group’s financing methods.

All along, he has relied on state loans for development financing, and the state has basically responded to all his requests, so there is no problem of funding for development.

However, as the number of national science and technology infrastructure projects increases, Kangchi's projects are getting bigger and bigger. This method alone is no longer enough. It is for this reason that Kangchi chose to optimize some companies some time ago.

In fact, in addition to optimizing assets, there are many other ways to raise funds. The simplest one is to go public directly and raise funds through the stock market.

But to be honest, Kang Chi had a very bad impression of the stock market.

The purpose of a company going public is to raise funds from the public for development, and then give back to investors.

The result has turned into a financial game of speculation and profiteering where the big fish eat the small fish.
This kind of environment leads to the fact that truly high-quality companies with good operating conditions will not be too obsessed with going public.

On the contrary, most of the companies that are clamoring to go public and ring the bell every day are bad companies that are selling feelings and concepts.
Their purpose of going public is to cash out at a high price, cut the leeks of ordinary shareholders, and thus realize the financial game of doubling their assets.

Financial institutions played a role in fueling the situation, even "strategizing and controlling the overall situation", and reaping the benefits together.

Anyway, for ordinary investors and down-to-earth enterprises, the stock market is a pit.

Kang Chi and Zhang Qing also discussed this issue before, and Zhang Qing agreed with Kang Chi's decision not to go public.
In the case that the group is not under much pressure to raise funds, the purpose of going public is to do "charity" and allow more ordinary people to benefit from the group's development.

But if the company really goes public, only large institutions and big capital will reap the benefits, and the purpose of making profits will not be achieved at all. At the same time, a lot of energy will be wasted in fighting against the capital that manipulates the stock price, and there is no reason to go public at all.

“I just don’t understand. We know the stock market is a scam, and all we hear are examples of people losing money. Why do so many people keep investing in it?”

"It's very simple. Just look at how lively the casinos in Olympic are. To put it nicely, people in the stock market are called stockholders. To put it bluntly, they are just gamblers who think they can win. The more they buy, the more they gamble." Zhang Qing made a sharp analysis at the time. "And the greedy nature of human beings means that the gambling market will never be deserted or declining. Besides, investment is gambling in the first place. You can't stop people from investing, right?"

Kang Chi smiled and replied, "That's true. When you invested in me, you had a strong gambling nature. It was instinctive."

And then nothing happened...

Retracting his thoughts, Kang Chi slowly raised his head and looked at Zhuo Yuewen.

"Do you think our financing methods should be more radical?"

"If the group wants to develop rapidly, I think it is necessary to continue to increase the scale of financing."

"Expand and tell me."

"I know that you and Mr. Zhang are both reluctant to go public, so I won't tell you how to go public. I wonder if you have heard of corporate bonds?"

“I haven’t read about it, but it sounds like it should be similar to the national debt.”

"Yes, I think we can apply to issue corporate bonds, borrow money directly from ordinary investors, and pay them a fixed interest. With the strength of our group, this is definitely a stable win-win model. It will allow us to develop without worrying about funds, and also allow more ordinary investors to reap the dividends of our development."

"That sounds good." Kang Chi nodded. "What do you think is a suitable interest rate?"

“2%-5%, it depends on how much profit you want to give to investors.”

"Hmm...but what about the maximum of 5%? After all, our general direction now is to reduce interest rates, and the U.S. has been raising interest rates for so long, but it's only a little over 5%, and it will have to come down soon."

"It is precisely because Country M wants to reduce that we want a higher rate. Not only domestic funds, but we also want to attract as much global funds as possible." Zhuoyue Wen analyzed carefully, "Although this will also allow foreign capital to eat our dividends, corporate bonds have a stable profit rate after all. As long as we can make more money with their money, it is completely acceptable."

"As for the continuous interest rate cuts in the general direction, it is entirely to prevent Mr. M from bursting our financial bubble. We have chosen to actively break and digest it. At present, it is estimated that it will take some time to consolidate the results and heal the wounds. However, the country cannot raise interest rates significantly in a short period of time, which does not mean that our corporate bonds cannot. As I said before, as long as we have enough strength to make more money with money, there will be no bubbles and financial risks."

Kang Chi thought for a moment before nodding and saying, "I'll think about it. If you have nothing else to do, just go about your business."

Although he actually prepared several plans, when he heard that Kang Chi had already ordered him to leave, Zhuo Yuewen naturally had nothing to say.

As for the reason why Kang Chi suddenly wanted to talk to him today, he actually vaguely guessed that this might be a test for him.

After Zhuo Yuewen left, Kang Chi thought for a long time alone, and finally couldn't help but pick up the phone, found Zhang Qing's name and dialed it.

(End of this chapter)