Reborn since 1993

Chapter 1233 Slamming on the gas pedal
After saying that, Li Dashan changed the subject and said to Wei Taining, "The car business must be pushed forward, but projects such as electric bicycles cannot be delayed!"

If cars are a dream, then electric bicycles are reality. Dreams may never come true, but the reality is that if you don't eat this meal, you'll go hungry.

Next, Dongling High-Tech will definitely promote the Chitu electric bicycle, allowing China to move from the era of bicycles and motorcycles to the era of electric bicycles.

"I hope to see Chitu electric bicycles appear on the streets and alleys of Pingyang, Hanxi and countless other areas in the future."

Let Chitu electric bicycles become the top choice for solving short-distance travel for countless people!

Upon hearing Li Dongling's words, Ren Yuefeng, Wei Taining, and others responded in response.

They could imagine how big the market would be if the Chitu electric bicycle really sparked a transportation revolution in China, replacing bicycles, motorcycles, and even buses.
While they certainly can't compare to cars, it's almost certain that electric bicycles will surpass motorcycles in the future.

If this market can be developed, wouldn't that mean that Dongling Hi-Tech will have another base that can provide it with billions of dollars in revenue every year?

Who would refuse such a cash cow and a solid foundation? It's only natural that several giant companies would emerge in this industry.

As Li Dongling's first meeting after returning to the Dongling High-Tech headquarters, the meeting lasted until the afternoon, with each department reporting to Li Dongling on the situation during this period.

For Dongling High-Tech, which is still in its growth phase and far from reaching its bottleneck, its rapid growth can basically be described as a meteoric rise!
Of course, this situation has occurred with all the giant companies, and they all showed tremendous strength during their growth phase.

For example, before, Japan was clamoring to buy up its former colonial power, and companies like Sony and Panasonic were making a lot of acquisitions in America, which was also a sign of their upward trend.

Among them were the renowned Sony and others, and even Japanese toilet seats were hyped up to the skies.

At present, Dongling Hi-Tech is also accelerating rapidly, so there is no need to worry about its revenue.

In recent years, Dongling High-Tech has invested heavily in research and development, and it will continue to reap the benefits, with its revenue reaching a new historical high.

But the saying "born in hardship, die in comfort" applies to Dongling High-Tech as well. Li Dashanren also needs to consider the future of Dongling High-Tech and avoid its sudden rise and fall.

The early years of Emperor Xuanzong's reign were the prosperous Kaiyuan era, but fourteen years later, the An Lushan Rebellion broke out, almost burying the entire Tang Dynasty.

Similarly, in the technology industry, the Japanese tech companies that are currently thriving will, within twenty years, either be sold off or forced to sell off assets to survive.

The home appliance businesses of most Japanese companies, including Sanyo, Toshiba, Sharp, NEC, and Mitsubishi, were taken over by mainland Chinese companies, except for Sony, which stubbornly clung to televisions.

After the meeting ended and the senior executives left, only Li Dongling, Ren Yuefeng, Hu Zixian, Zhang Ao, Gao Peng, and Chen Tao remained in the meeting room.

These individuals are the truly powerful figures at Dongling High-Tech. Although the number of department managers at Dongling High-Tech is constantly increasing, their power and the degree of trust they receive from Li Dashan are ultimately different.

There's no way around it; people have varying degrees of closeness. It's impossible to be a saint and treat everyone equally. If someone could truly achieve that, it would mean treating all things as straw dogs, which means they wouldn't care about these people at all.

Ren Yuefeng, Hu Zixian, and the others rose to prominence alongside Dongling High-Tech. Everyone else could leave Dongling High-Tech, but they couldn't. Their lives, wealth, power, careers, and posthumous reputations were all tied to Dongling High-Tech. Betraying Dongling High-Tech was betraying themselves!

"What is the current cash flow reserve level in the finance department's accounts?"

Li Dongling didn't ask anything else, but instead turned to Hu Zixian and asked about Dongling High-Tech's cash flow reserves.

Dongling Hi-Tech appears to be thriving, but the most crucial factor remains its cash flow. This can help it weather even the worst-case scenario.

"Dongling High-Tech's accounts are currently divided into mainland and overseas accounts. The cash flow currently sitting in the mainland account is equivalent to about 49 billion US dollars in RMB!"
We can guarantee that even if Dongling High-Tech loses all revenue, it can still maintain its current operations, R&D projects, and salary expenses for more than three years.

Hu Zixian is very familiar with these data. He was the first to propose Dongling Hi-Tech's cash flow reserve plan, which helped Dongling Hi-Tech successfully overcome the difficult period last year and even had the capacity to carry out counter-cyclical expansion.

"The overseas accounts are mainly concentrated in Hong Kong. Currently, the cash reserves are US$3.7 billion, with additional reserves in Hong Kong dollars, Japanese yen, Korean won, and German marks."

“Looking at the global market, Dongling High-Tech’s cash reserves are among the top!” Hu Zixian said.

While Dongling High-Tech's cash reserves don't yet reach the levels of companies like Microsoft, General Electric, Ford, and Pfizer, which have hundreds of billions of dollars in cash on hand, this cash reserve is comparable to that of companies like Toyota in Asia. However, it's important to remember that Dongling High-Tech's revenue is far less than theirs.

Li Dongling nodded. Dongling Hi-Tech's cash flow was largely depleted last year due to the acquisition of Gangcheng Telecom and the provision of interest-free loans to companies in Dongling Hi-Tech's component supply chain, such as BYD.

This year, Hu Zixian has rapidly increased his cash flow reserves.

In addition to the cash flow in its accounts, Dongling Hi-Tech also has a slush fund called the Zhixing Foundation.

The Zhixing Foundation now has a large cash flow. Last year, it made a profit of US$28 billion from the Southeast Asian financial crisis.

In addition, with the stock of Yahoo and other internet companies that are now being sold off to cash out investments, the cash flow of the Zhixing Foundation's treasury may even exceed the cash reserves of Dongling High-Tech!

"The finance department needs to continue to increase cash flow reserves and ensure that Dongling Hi-Tech's account has sufficient cash flow to cope with any possible situations!"

Hearing Li Dongling's words, Hu Zixian nodded. Dongling Hi-Tech would definitely need a lot of cash flow to support its entry into the money-devouring automotive industry.

Li Dongling's requirement for Dongling Hi-Tech's cash flow reserves is not only to deal with emergencies or support the automotive division. In critical moments, having cash flow on hand can do many things, including swallowing up certain competitors!
After leaving the office building where Dongling High-Tech's headquarters were located, Li Dongling, Ren Yuefeng, Zhang Ao, and others headed towards the office building where the technology department was located, which was also on Changqing Road.

After going through multiple security checks as before, Li Dongling and his team finally entered the technical department. However, compared to before, the security checks were much stricter, and the security equipment was more advanced.

The importance of the Technology Department at Dongling High-Tech is well-known. The products developed by the Technology Department have helped Dongling High-Tech expand its market share time and time again. More and more people want to get information from here, or even obtain technology through various means, and find out about the latest models and product plans.

Zhou Zhengyang's disciplinary committee also focuses on guarding against the technology department. This is not to guard against technicians like Chen Tao, but to guard against traitors bribed by the enemy, and to guard against commercial espionage, etc.!

If the technology department doesn't make any mistakes, that's fine, but if it does, the losses to the entire Dongling Hi-Tech are unimaginable!
"Mr. Li!"

"President Ren!"

After putting on the dustproof lab coat and entering, Li Dongling saw that quite a few people were already waiting there.

Among those present were Luo Zheng, the deputy general manager of the technology department and the project leader for communication technology under the technology department, and Zhang Bing, the head of the innovation laboratory under the technology department.

Li Dongling nodded to everyone and then walked straight to the experimental table.

Before Chen Tao and the others could speak, Li Dongling saw a classic black candybar phone lying quietly on the lab table.

"This Shenzhou 'Global Pass' mobile phone is a name given to the project by the technology department."

Chen Tao began by saying, "Shenzhou Global Pass supports GSM 900, 1800, and 1900 frequency bands. This phone supports roaming on most GSM networks worldwide, allowing one phone to be used in Asia, Europe, and North America."

Different regions of the world allocate different radio frequencies to operators, just like FM channels for radio stations; not all regions are the same.

Most mobile phones nowadays are single-band, or at most dual-band. GSM 900 is mainly used in most Asian countries, while the 1800 radio frequency is used in old Europe. In America and Canada, GSM 1900 is the only frequency band and is also the ticket to enter the North American market.

In the era of smartphones, it's common for a single phone to support more than a dozen frequency bands and even switch between 4G and 5G frequency bands.

However, the Shenzhou Global Pass is the first phone to feature three frequency bands. It's not an exaggeration to say that it can be used all over the world. This is just self-proclaimed hype, and this phone truly deserves the title!

"The Shenzhou Global Pass is equipped with a 2-inch STN color screen developed by Dongfang Optoelectronics, with a resolution of 128×128 pixels, and the chip is a mobile phone baseband integrated chip developed by Dongxin."

The entire phone has its antenna built-in. As per your request, Mr. Li, it adopts a hidden antenna design, which is also the world's first. However, the signal will inevitably be affected to some extent.

In addition to basic functions such as contacts, SMS, and computer, Global Pass supports a mobile browser. This mobile browser was jointly developed by the software department and Kingsoft and is currently in the testing phase.

In addition, Global Pass also supports email, receiving and sending games, MP3 playback, and several games pre-installed by Seasun Games…

(End of this chapter)