Reborn since 1993

Chapter 719 Those who imitate me are clumsy, those who imitate me will die
As soon as Jin Shengmao sat down, someone ran in and reported to him.

Suddenly, so many people from the media and securities companies were vying to see him. Jin Shengmao of course understood what was going on. It was nothing more than that the stock price of Chuanrong Electronics was going to start rising sharply again!

Jin Shengmao used to be a lecturer at the Radio College of Shuchuan University. A few years ago, when the wave of people going into business swept across the country, he also followed suit.

When anyone starts out in business for the first time, they will definitely work in an industry that they are familiar with. Jin Shengmao is no exception. The Chuanrong Electronics he founded mainly produces components such as capacitors and resistors.

In this industry, the entry threshold and the entry ceiling are the same. It is easy to enter the industry, but it is not so easy to do well.

When Jin Shengmao established Chuanrong Electronics, domestic components such as capacitors and resistors, especially those in the consumer market, including capacitors used in products such as televisions, computers, audio equipment, and circuit boards, were basically dependent on imports from Nippon Benzene.

Of course, it is not only domestic imports, but there are also many companies in South Korea, America, old Europe and other places that import benzene from Japan.

But even if they are all imported, the treatment is different. The capacitors and resistor components imported from Nippon Benzene by America and old Europe are "high quality and low price".

However, the treatment for imports from Japanese companies such as Murata, Taiyu, Kyocera, etc. is different. Generally, the products are inferior and the prices are high. The same product will be much more expensive when purchased by domestic companies!
The reason why companies such as Nippon Benz and Murata would follow suit is that, in the final analysis, America and old Europe have the ability to produce capacitors and resistors, but because Nippon Benz's products have price advantages, they choose to import from Nippon Benz.

Since we are unable to produce these things in China, Japan Benzene has taken advantage of us by raising the prices every now and then, and sometimes we can’t even get the goods.

When Jin Shengmao's Chuanrong Electronics first entered the industry, its performance was mediocre. After all, its foundation was not there, so it could only take orders with low profits.

But even so, it is one of the few companies in China that can produce domestic capacitors and resistors. Although the profits from the orders are not high, Sichuan Rong Electronics has no shortage of orders, especially orders for small household appliances and small toys, so it has no problem supporting itself.

Now, the reason why Chuanrong Electronics has become the focus of media and securities companies and the leader in the domestic component industry is closely related to Dongling Hi-Tech.

When Dongling Hi-Tech was first established, Chuanrong Electronics was considered to be a small company, and Dongling Hi-Tech launched its first product, the Silver Sable Mouse.

At that time, a large part of the components used in the Silver Sable Mouse were imported, but Dongling Hi-Tech at that time was not what it is now. It was not so easy to apply for foreign exchange quotas to purchase parts from Nippon Benzene.

As a last resort, Dongling Hi-Tech could only look for alternative parts in China, and finally found Chuanrong Electronics. This was actually the first step for Dongling Hi-Tech to establish a parts industry chain in China!
Sometimes fate is really unpredictable, and sometimes, a single difference in one thought may lead to completely different results.

At that time, Chuanrong Electronics did not receive many orders from Dongling Hi-Tech, and the technical requirements were also high. For Jinshengmao, taking orders from Dongling Hi-Tech did not mean much money, but it could be said that it did not lose money.

If it were any other company, they might have turned it down, but Jinshengmao took it over. Moreover, according to Dongling Hi-Tech's requirements, it upgraded the technology of the parts, which solved Dongling Hi-Tech's urgent needs.

Jin Shengmao himself might not have imagined what kind of impact his one-sided thought would have on the entire Chuanrong Electronics and his entire founding family.

After receiving the order from Dongling Hi-Tech, Jin Shengmao also made the fashionable choice to apply for listing for Chuanrong Electronics, which already had some fame.

In fact, Jinshengmao was just taking a chance. Nowadays, which company would not want to take a chance when applying for a listing? If it goes public, then of course it will be issued. If it fails, there is no loss.

Jin Shengmao was just taking a chance. The Shanghai Stock Exchange did not care about Chuanrong Electronics' application.

These days, the various rules are not perfect. Whether it is the companies applying for listing, securities companies, or securities commissions, they are all still groping for the answer.

It is normal for a company's application for listing to be reviewed for three to five years. It is even possible that the company is completely forgotten.

Therefore, after applying for listing, Jin Shengmao did not care about it, nor did he expect to get the title of the A-share king of leeks cutting.

But things are unpredictable. Chuanrong Electronics subsequently received a second order from Dongling Hi-Tech. It was this order that completely changed Chuanrong Electronics.

This order caused Chuanrong Electronics' performance to surge by 500% that year, a full five-fold increase. The size of its staff increased from a few hundred people to more than two thousand.

In the following years, there is no need to say more. The history of Dongling Hi-Tech's rise to fame is the performance of Sichuan Rong Electronics in the A-share market, which truly interprets the saying "clinging to someone's thigh"!
Sichuan Rong Electronics, which was originally an unknown company with no idea when it would be listed, was quickly approved by the A-share market and listed after receiving a number of huge orders from Dongling Hi-Tech.

Since then, every time Dongling Hi-Tech releases a new product, Chuanrong Electronics’ stock price will soar, becoming one of the most famous Dongling Hi-Tech concept stocks in the A-share market.

At the beginning, facing the skyrocketing stock price, Jin Shengmao was very nervous and even advised those small investors who bought Chuanrong Electronics to be careful!
But no one cared about what Jin Shengmao said. Some investors even shouted at Jin Shengmao, "Mr. Deng, stop talking nonsense. Do you understand Chuanrong Electronics?!"

Jin Shengmao couldn't handle this directly. It turned out that he, the founder of the company, didn't understand Chuanrong Electronics as well as those laymen.

Later, Jin Shengmao was too lazy to say anything, and then he cashed out carefully for the first time. The first time, Jin Shengmao only cashed out 100,000 shares. At that time, the share price of Chuanrong Electronics was less than 10 yuan per share, and the cashed out was less than 1 million yuan. Jin Shengmao bought a villa for his family and a car for himself.

When he cashed out for the first time, Jin Shengmao was a little worried. He was even prepared to be criticized by everyone when he asked the department staff in charge of stocks to issue an announcement.

As a result, no one cared at all. Instead, after Sichuan Rong Electronics received another large order from Dongling Hi-Tech, the stock price not only did not fall, but continued to soar.

Up to now, the share price of Sichuan Rong Electronics has exceeded 70 yuan. As for cashing out, Jin Shengmao is already familiar with it.

Last year, he cashed out 500,000 shares in the name of giving rewards to technical personnel, and took away more than 30 million yuan.

In the name of expanding production lines, it issued 5 million shares and raised more than 400 million yuan. Of course, these funds were handled by professional securities institutions. By financing Chuanrong Electronics, the securities companies can also make a profit, which is a sure win.

At this point, Jin Shengmao finally understood why so many companies were scrambling to go public, because they could really cash out and make money in various ways. To be honest, selling stocks, financing, equity mortgages, etc., all made money too quickly, much faster than selling products hard.

However, Jin Shengmao is an intellectual after all. Although he has cashed out a lot in recent years and even has the title of one of the top ten leeks cutters in the A-share market, Jin Shengmao still knows what he should do.

Jin Shengmao knew clearly that Chuanrong Electronics was his foundation, and the orders from Dongling Hi-Tech were his lifeline!
So although a lot of cash has been cashed out, in the past few years, Jin Shengmao has purchased a large number of experimental equipment and new production lines for Chuanrong Electronics, and the treatment it provides to its R&D personnel is also top-notch in the industry.

Although Jinshengmao is making a profit, Chuanrong Electronics' revenue and stock price have been rising. With its technological level, it is also the number one brand in domestic consumer-grade capacitors and resistors!

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"Need not!"

Jin Shengmao waved his hand and refused to meet with the media and the people from the securities company.

"Now for Chuanrong Electronics, the most important thing is to complete the order, and the rest is insignificant!"

Jin Shengmao is not worried about tomorrow's stock price at all. As soon as Dongling Hi-Tech announces the order for Shenzhou electronic dictionaries, the stock price of Chuanrong Electronics will soar. It depends on him whether he wants to reap another handful of profits!

……

“Have you figured out the sales figures?”

In Pingyang, Hanxi, the office of the marketing department of Dongling Hi-Tech's headquarters is also busy at the moment, and Zhang Ao is constantly answering the phone.

Li Dongling, Ren Yuefeng, Hu Zixian and others were also discussing in low voices, looking quite relaxed.

This time, the first statistics on the Shenzhou second-generation electronic dictionary came out from abroad. As for the water content, there must be some. After all, the country is far away, and those agents secretly hoarded the goods and sold them at a higher price after they were out of stock. Dongling Hi-Tech had no choice.

But basically the sales volume can be counted, which is similar to what is reported by the central media. On the contrary, in China, the speed is slower because of the need for accurate statistics.

“I heard that BBK, OZing, and Wenquxing have all announced that they will launch a new generation of electronic dictionaries and are preparing to increase production capacity!

If the production capacity of Shenzhou Electronic Dictionary is insufficient, I am afraid that part of the market share will be taken away!" Ren Yuefeng reminded Li Dongling.

When Li Dongling heard this, he just sneered, "If they can really eat this piece of meat, why not give it to them?!"

Even on the Shenzhou Electronic Dictionary side, Li Dongling was suppressing production capacity and did not dare to accumulate too much inventory, but those competitors wanted to seize the market.

If this trend continues, in a few months, it is estimated that Dongling Hi-Tech will not even have to do anything, because the domestic and foreign competitors of Shenzhou Electronic Dictionary will have destroyed themselves. If things go wrong, the inventory will burst and the whole group will be wiped out, and finally the market will be handed back to Shenzhou Electronic Dictionary!
Li Dongling, I am not afraid that my opponents will produce a lot of machines, I am just afraid that they will not produce them!

"The first-day sales volume of the Shenzhou electronic dictionary in the domestic market was 275,480 units, with revenue of 27.5 million US dollars!"

"The second generation of Shenzhou electronic dictionary sold 495,000 units on the first day!"

At this time, Zhang Ao walked over quickly and reported to Li Dongling the sales statistics of the Shenzhou Electronic Dictionary.

Duan Youli, general manager of the production department of Dongling Hi-Tech, who was sitting nearby, heard the sales volume. His first thought was not excitement, but his face turned pale. He had only one feeling in his heart, that is, "it's over". He knew that he would be scolded to the sky again!
Considering the number of machines in stock in the production department, with today's sales speed, I'm afraid it won't last even a week. By then, the users, retailers, distributors, agents of Shenzhou Electronic Dictionaries, and the staff of Dongling Hi-Tech's marketing department will probably all point their guns at him and criticize him!
(End of this chapter)