Reborn since 1993

Chapter 1050 Warm-up
"Yes, Chuanrong Electronics has received orders for Feiyan Technology's new products!"

During this period, Jin Shengmao, the boss of Sichuan Rong Electronics, who had been hiding in Shuchuan University, also made his first public appearance after the stock price soared.

Previously, the stock price of Chuanrong Electronics plummeted. Jin Shengmao knew that media reporters were looking for trouble when they interviewed him, so he kept hiding.

As soon as the news came out today, Jin Shengmao no longer had to hide anything and directly accepted media interviews in front of Chuanrong Electronics Company.

"I cannot reveal the specific information due to the confidentiality agreement. You can attend Feiyan Technology's product launch conference!"

Not only Chuanrong Electronics, but also a number of companies including BOE, which makes screens, BYD, the exclusive battery supplier for Dongling Hi-Tech, and Hanxi New Materials, a supplier of casings, have announced that they have begun to supply new product components to Feiyan Technology.

For the entire Dongling Hi-Tech parts industry chain suppliers, this is a carnival. They had previously taken sides between Dongling Hi-Tech and Nippon Benzene Telephone and Telegraph Company, and now they are getting direct rewards!
In fact, the order revenue brought by new products far exceeds the revenue brought by orders!
……

“Jinyang Electronics, the largest domestic power module manufacturer after completing bankruptcy reorganization, issued an announcement.

In the first half of this year, Jinyang Electronics has received orders worth over RMB 214 million, and its performance has increased by over % compared to the same period last year!"

"News came from the securities industry that Jinyang Electronics' IPO application, which has been stalled for nearly a year, has now entered the preliminary review stage of the Securities Commission!"

"Jinyang Electronics, if it is successfully listed, will be the new Dongling Hi-Tech concept stock in the A-share market!"

No one expected that the launch of Feiyan Technology's new products would actually allow a parts supplier to take a step closer to listing.

You should know that Jinyang Electronics had previously approached a securities firm to initiate its IPO, but jumped out midway after Dongling Hi-Tech announced the suspension of production of its Southeast Asian products.

Lin Yekang, the original founder of Jinyang Electronics, which was preparing for an IPO, chose to change his job and cooperate with other companies in order to succeed in the IPO. He even kicked out employees of Jinyang Electronics, such as Pang Jiazheng, who were close to Dongling Hi-Tech.

What Lin Yekang did was extremely heartless. He intended to never have anything to do with Dongling Hi-Tech again.

However, the Southeast Asian financial crisis hit, and Jinyang Electronics' inventory exploded. The entire Jinyang Electronics capital chain was broken and it was on the verge of bankruptcy.

As for listing, there is no way to talk about it. The securities firm that assisted Jinyang Electronics in its listing had already run away.

In the end, it was Pang Jiazheng, who was kicked out by Lin Yekang, who, with the support of Dongling Hi-Tech's logistics department, acquired the precarious Jinyang Electronics and reorganized Jinyang Electronics into the current New Jinyang Electronics.

But no one expected that Jinyang Electronics, which was on the verge of bankruptcy last year, stood up again this year. Its performance began to explode, and the review that was shelved and originally thought to have no hope of listing was also restarted.

In a villa in Yangcheng, Lin Yekang, who has already started his retirement life in advance, got up as usual and sat at the dining table in a daze.

Compared to before, Lin Yekang looks much more mature, but he is still a multi-millionaire now. Compared to those who need to rely on salary to make a living, he is now financially free.

When Pang Jiazheng acquired Jinyang Electronics, he did so at a low price and by assuming the debts, he only spent 35 million to buy Jinyang Electronics.

And Lin Yekang, after paying off some debts, is still a multi-millionaire. If the money is only used for daily life, it will be enough for Lin Yekang to live on in his old age.

But would Lin Yekang be willing to do that?

You know, Jinyang Electronics is in his hands. When it applied for listing, its valuation was close to 800 million yuan. As long as the listing is completed, he will be a billionaire!
Not to mention, Jinyang Electronics was previously the largest power module manufacturer in China, which was built up by Lin Yekang's painstaking efforts. There, he was sought after by everyone and he was also a guest of honor at the district government.

But now, Lin Yekang is a middle-aged man who is enjoying retirement. Having experienced great glory and power, this kind of life is nothing short of torment for him.

Lin Yekang also thought about making a comeback, but it is easier said than done. He did not dare to take the risk and invested the last of his pension money.

After eating a few bites of food, Lin Yekang casually changed a few channels. He didn't want to watch TV, but at least there was some movement that could divert Lin Yekang's attention.

But just when Lin Yekang had taken a few bites of breakfast, the news on TV caught Lin Yekang's attention.

"Now let me tell you today's financial news. According to the securities industry, our city's technology company Jinyang Electronics has entered the review stage of the Securities Commission. If Jinyang Electronics is listed, it will become the fifth listed company in our city!"

The news on TV made Lin Yekang's eyes widen. His heart felt as if someone was squeezing it and his breathing became rapid.

Afterwards, an interview with Pang Jiazheng appeared on TV.

“Jinyang aims to become a power module manufacturer with complete domestic R&D capabilities and world-class technology!
Currently, Jinyang Electronics' customers mainly include Dongling Hi-Tech, Feiyan Technology, Founder, ZTE and other manufacturers. After mobile phones, computers, communication equipment and other products, it is currently developing markets such as televisions, lathes, and medical equipment.

Currently, Jinyang Electronics has formed a research and development team of 100 people, mainly led by 20 doctors and masters from Jiaotong University who graduated from universities such as Hanxi! "

Watching Pang Jiazheng talking on TV, Lin Yekang's back teeth were almost broken.

In Lin Yekang's heart, this interview should have belonged to him, and was the highlight of his life!
But now, everything is gone, including the status of the leader in domestic power modules and the value of hundreds of millions of RMB after listing, all are gone!

Unable to eat another bite of breakfast, Lin Yekang slowly moved back to his room like a zombie. At this moment, Lin Yekang's defenses had been broken, and his Tao heart had completely collapsed. ...

"I knew it!"

Some are happy while others are sad. The chain reaction caused by the launch of Feiyan Technology's new product has completely broken some people's defenses.

Some people were beating drums and gongs and starting to plan the MVP settlement screen for the winner.

Chen Zuhan of Hanhai Trading is definitely one of the winners. Hanhai Trading is one of the earliest distributors to stand with Dongling Hi-Tech and stop selling PHS mobile phones.

At this moment in the office of Hanhai Trading, Chen Zuhan twisted his body, waved his arms towards a group of senior executives, and shouted excitedly.

"Our chance has come!"

"Your chance to make a fortune has also come!"

Chen Zuhan pointed at the new executives who had joined Hanhai Trading and were somewhat confused about what he said.

"When Hanhai Trading becomes the agent for Dongling Hi-Tech's new products, you will understand!"

Chen Zuhan knew that only those who had truly acted as agents and sold Dongling Hi-Tech’s new products would understand that even a backpacker or a scalper could earn the same income in just a few days as others would earn in several months or even years by hoarding and selling machines!

Only those who have experienced it personally will understand that feeling of enthusiasm and the scene of becoming rich overnight!

"Prepare a ticket to Hanxi for me. I want to go there now!"

Chen Zuhan decided to set off immediately. Hanhai Trading had previously sided with Dongling Hi-Tech. No matter what happened, Dongling Hi-Tech should give Hanhai Trading a share of the profits. At the very least, it should allocate a batch of new machines to Hanhai Trading.

……

No one expected that Feiyan Technology’s new product launch would cause such a big stir.

The Dongling Hi-Tech auto parts industry chain, which had been viewed negatively by the media before, stood up overnight.

The A-share Dongling Hi-Tech concept stocks performed even more strongly, all rising sharply, which was almost a world of difference from before.

Even the listing of Dongling Hi-Tech's parts industry chain company seemed to be going smoothly. A group of dealers and agents started a carnival mode, preparing a lot of money and rushing to Pingyang, ready to do a big job!
Even the small scalpers are ready to make a move, and their knives for cutting leeks are about to be unsheathed. They are all raising money. They are not as powerful as the big agents like Chen Zuhan who can directly purchase goods from Dongling Hi-Tech.

What these backpackers and scalpers are prepared to do is to be the first to line up, buy machines from the mall, stock up, and then prepare to sell them to make a profit from the difference!
Li Dongling couldn't help but shake his head when he saw the reports in the domestic media. To be honest, he didn't know how these A-share leeks and agents, who didn't even know what Feiyan MP3 was, could have more confidence than Dongling Hi-Tech? !

Moreover, the price of Feiyan MP3 is US$399. Mr. Li Dashan estimates that the main market will be in developed countries overseas.

Otherwise, why would Mr. Li go through all this trouble, hyping up the music platform and deifying Napster and Sean Fanning?

The purpose is to allow Feiyan MP3 to enter the markets in America, old Europe and other places.

As for how many Feiyan MP3s can be sold in China, Mr. Li has no idea.

What is the current consumption level in the country? Not to mention now, even in twenty years, it will still be a mystery.

"There are already more than 80 media outlets applying to attend the press conference, including those from China, Hong Kong, Japan, and elsewhere. I'm afraid there will be even more reporters attending the press conference!"

Fu Cheng couldn't help swallowing and said to Li Dongling that he was a little nervous at the moment.

“This is also an opportunity for Feiyan Technology, isn’t it?”

Li Dongling glanced at Fu Cheng and said, of course there is pressure, but such high attention means huge advertising traffic for Feiyan MP3, and they can gain user attention without spending too much money.

"How is the Feiyan MP3 commercial going?"

Mr. Li asked Zhang Ao, the general manager of the marketing department again.

"Focus Media has already completed the advertisement. According to your suggestion, Mr. Li, we have found a professional composer to make a song for the MP3 advertisement!" said Zhang Ao.

Being able to provide a machine with the ability to produce a song specifically for it, at present, in China, only a few companies such as Dongling Hi-Tech are willing to spend so much effort and money.

(End of this chapter)