What's wrong with me being a rich man?

Chapter 587 Jumping Out (4k)

The silicon carbon plant encountered some production problems.

Although it caused considerable losses at the time, with the emergency transfer of resources by the LK Group, the production capacity of the Phase I factory was quickly restored in the third week of July, and the regular two shifts were changed to three shifts, in an all-out effort to achieve the goal of maintaining 6% and striving for 7% this year.

The production stoppage of more than a week was indeed due to bad luck. However, the die-casting machine does need further optimization, as does the integrated die-casting process. Integrated die-casting has indeed brought world-class safety standards to Carbon Silicon Kyushu, but from research and development to mass production, the yield rate of die-cast parts is still only around 50%, and there is still huge room for improvement.

In the future, the Silicon Carbon Group must further optimize aluminum alloy materials and process parameters, and LKK must further improve equipment precision in order to improve the yield rate of die-cast parts.

Overall, both the carbon silicon manufacturers and suppliers are very satisfied with the integrated die casting process. It not only improves vehicle safety and production line efficiency, but also offers advantages in the new vehicle development cycle.

As August approached, Yu Xing was still thinking about the preparations for the listing of the Silicon Carbon Group when he suddenly heard Xiao Ying remark that the year had passed quickly. He then realized that the first month of the second half of the year had already passed in a flurry of activity.

He recalled the key events in Lingang Dual Carbon Silicon in the second half of the year, and walked over to the sofa where he saw Liu Wanying flipping through information about Hong Kong-listed companies.

"Hmm? Domestic companies?" Yu Xing glanced at them and asked in surprise, "I saw you were researching Indian companies the other day, are you really going to target domestic ones now?"

Liu Wanying turned a page of the document and said lazily, "Do you know how Shanfeng became the king of short sellers?"

Yu Xing smiled and said, "I would like to hear the details."

Liu Wanying pointed out: "That means killing all fakes, whether they are domestic or foreign."

Yu Xing asked with a chuckle, "So what trickery did you find?"

Liu Wanying shook her head: "Nothing particularly strange has happened recently. As for India, we lack the means to extend our reach there. If we have to start with financial statements, I think Tata Motors in India is quite suspicious, but it has had large-scale financial irregularities since 01, and there was tax evasion a couple of years ago. It has all sorts of problems, big and small, but..."

She carefully crafted her words: "On the contrary, it makes people quite desensitized, full of flaws, yet seemingly without anything particularly fatal, but I've already put it on my list."

Yu Xing asked with interest, "Are there any other names on the list?"

"Not yet. I have a few nominees I'd like to nominate, but I need to consider and research them further. I'll have to have an organization screen them first before making a final decision." Liu Wanying estimated the timeframe, "It will take at least until the third quarter is over."

She thought for a moment, then suddenly smiled and said, "I'll ask President Xu and President Li again later to see if they have any suspected targets. Let's share our information."

Yu Xing recalled Li Song's conflicted face, shook his head, and went upstairs to his study to look at the documents he hadn't had time to read the night before.

It was two hours later when he finished processing the documents and went downstairs. Just as he was about to invite Xiaoying to dinner, he suddenly noticed that she was staring blankly at the materials in front of her.

Yu Xing went over to take a look and saw that the company name on the document was Kangdexin.

He asked, puzzled, "It was Hong Kong stocks just now, but now it's mainland stocks? Is there something wrong with this?"

"I was just browsing casually to pass the time. This company's market value has increased more than thirty times since it went public in 2010, making it a blue-chip stock in the market," Liu Wanying replied casually. "I didn't see any problems with it. It's a star company now, known as the 'Huawei of polymer materials,' hmm..."

Yu Xing leaned closer to take a look, but after a few quick glances he couldn't see anything wrong, so he asked again, "So what are you thinking about?"

Liu Wanying closed the materials in her hand and said subjectively, "I just don't really believe in perfect stories. Kangdexin's story is quite perfect."

“Then you can really ask Mr. Xu and the others. They should be more familiar with domestic companies,” Yu Xing said with a smile. “But with your logic, Apple is pretty perfect now, and I haven’t seen you put it on your list.”

Liu Wanying scoffed, "It went public in 2010. Apple's market value has only doubled in the past five years. There's no rush. Domestic companies are ranked lower. I'll have Hongjun find a pretext to do some industry research and see what kind of blue-chip stock it is."

Yu Xing shook his head, not taking it to heart, and mentioned his schedule: "I'm going to Beijing next week. I need to go there for the approval of 360's acquisition of Master Key. There are also some events for entrepreneurs there. Do you want to come with me?"

“I’m not an entrepreneur.” Liu Wanying stretched. “I don’t like those events either. I just like looking at financial reports. Oh right, ask Kangde New Materials if they’re attending any events. If anyone from that company is there, I’ll go with you to see what it’s like.”

Yu Xing estimated that it was unlikely to be such a coincidence, but he still agreed to ask in advance.

The event in Beijing was spearheaded by the Information Office. It was supposedly intended to be a formal event for entrepreneurs to exchange ideas. This year's new energy sector was particularly impressive. Before he even set off for Beijing, somehow they got the news.

If Yu Xing isn't going to the capital, fine. But since he is, he doesn't mind setting aside half a day.

When it was time to travel, he actually asked his secretary Zhang Yangxu to inquire whether the boss of Kangdexin would be attending. Unfortunately, the company that had piqued Liu Wanying's interest was unwilling to come into Guo Shanfeng's sights so coincidentally.

Liu Wanying thus preferred to stay in Lingang to study a number of listed companies, striving to find targets willing to be included on the list.

Upon arriving in Beijing, Yu Xing first met with Zhou Hongyi from 360, then met with higher-ups, submitted the data storage plan for the Universal Key, and was then veiled by Zhou Hongyi into discussing the short video market.

"Mr. Zhou, what kind of product is 360 planning to make?" Yu Xing asked with a hint of helplessness at the end. "Whatever it is, if you release it here, I'll see it there. Even if it's exactly the same as Douyin, we've done that before. What are you hiding?"

Before Zhou Hongyi could speak, she saw President Yu's eyes dart around, and he continued to speculate.

"Hmm, if that's the case, then 360's short video product must be different from ours to be so secretive." Yu Xing became interested and pondered, "Content is all created by users, and the platform is just a guide. It's not easy for new products to differentiate themselves in this way, so it must be a different format?"

He blinked, looking at Zhou Hongyi whose expression was subtly changing, and said with a smile, "Hmm, could it really be that you asked me that last time..."

Upon hearing this, Zhou Hongyi quickly interrupted, "President Yu, stop guessing, stop guessing, it's giving me goosebumps."

Yu Xing laughed and said, "We're not bothered by having more competitors, so why are you bothered?"

Zhou Hongyi shook her head repeatedly, unwilling to admit her family's idea of ​​making short videos right now.

The world is a dangerous place; you always have to be careful.

360 aims to create differentiated mid-length videos, so its promotional efforts must highlight these unique features. If Douyin launches its own version at the same time, it could immediately render most of 360's promotional efforts futile.

Zhou Hongyi intuitively felt that President Yu wouldn't do that, but she was also unwilling to take the risk.

He was so careful that he didn't even invite her to dinner that evening, making up an excuse that something came up at the last minute, and promising to make up for it with a big meal next time they met.

"The next time we meet will probably be at the Internet conference in Lingang in November," Yu Xing said with a smile. "Okay, then I'll ask President Zhou to treat me to something then."

Zhou Hongyi was willing to spend money, showing her generosity even in such small matters. Yu Xing's schedule changed at the last minute, so he simply contacted the event organizers of "Huaxia Enterprise" and went to their dinner party instead, which naturally received a warm welcome.

However, Jia Yueting of LeEco, who was also participating in the event, was puzzled by the subtle commotion.

He was chatting with a small group of people when he suddenly noticed a noisy commotion coming from the other side. He smiled and said, "What are they talking about over there? It's so lively all of a sudden."

Yang Kai, who was standing next to him, was also curious. He took a few steps to inquire about the situation and then came back to say the news he had just received: "It's Yu Xing, the car manufacturer, who's coming over later. His car is really popular right now, and a lot of people are praising it."

Jia Yueting's expression changed immediately.

He managed to chat for a few more minutes, then suddenly pretended to receive a phone call and said there was an urgent matter at the company, and then said he had to leave early.

"Hey, hey, wait a minute, wait a minute, Brother Jia." Yang Kai noticed the situation but didn't ask directly. Instead, he followed for a few steps before asking, "What's going on, Brother Jia? Why are you leaving just because Yu Xingyi is coming?"

Jia Yueting declined, saying, "There's nothing I can do, the company's in a bit of a mess. Brother Kai, I'll treat you another day, let's eat there."

Yang Kai grabbed Jia Yueting's arm and said with dissatisfaction, "Brother Jia, are you treating me like a fool? Do you two have some kind of falling out? If so, we'll see each other all the time, and we can just have a drink tonight and it'll all be over."

He had a good relationship with Jia Yueting, finding him to be a very straightforward person, and they always got along well when they met.

Jia Yueting remained silent.

Yang Kai said directly, "Your face changed the moment you heard Yu Xing's name. You can fool others, but do you think you can fool me?"

Jia Yueting didn't expect his expression to change so obviously. He frowned, sighed, and shook his head: "There are indeed things going on at the company, but if I had to say, I really don't want to see President Yu. He's making cars, and LeEco is also making cars. We are somewhat in competition."

Yang Kai laughed upon hearing this, "You haven't even started yet, and the market is so big, this kind of competition is already in the wine."

After a few seconds of silence, Jia Yueting revealed something that bothered him: "Brother Kai, to be honest, we were originally in contact with Zhejiang Province, wanting to build an internet ecosystem factory, which would include a car factory and themed tourism, but it recently fell through, I heard..."

He didn't finish his sentence, only saying, "President Yu's silicon carbon business is currently very popular, and I really don't want to get involved with it at this time, lest I suffer the consequences."

Yang Kai frowned: "Is Yu Xing really that domineering? You guys are running a factory, and he's still interfering? Brother Jia, don't go, I want to see what kind of person he is."

Jia Yueting shook his head repeatedly, still insisting on leaving early.

Yang Kai failed to retain Jia Yueting, and seeing his behavior, he felt utterly embarrassed and had to back down.

About ten minutes later, the "rising star" head of the silicon carbon industry arrived at the reception dinner before the start of the "China Enterprises" event.

Perhaps because of his experience with the mountains, Yu Xing doesn't particularly enjoy making business friends. Instead, he tends to scrutinize them with a critical eye, but this time he received many warm greetings.

Carbon Silicon Group is now hailed as "China's No. 1 New Energy Vehicle Company," and Jiuzhou is undoubtedly the No. 1 independent brand car manufacturer. They have a bright future, so it's best to maintain good relations with them.

Yu Xing greeted everyone warmly, and was then pulled aside by a reporter who was also participating in the event for a brief interview.

Seeing this special treatment, Yang Kai also strolled over.

The reporter's first question was about the situation in Kyushu, a carbon silicon-based company, followed by the company's experience in aligning with the "China Enterprises" campaign.

With those two formal questions answered, the rest was more casual.

"Mr. Yu, I heard you bought BYD stock before, have you sold it now?" the reporter asked with a smile.

Yu Xing shook his head: "It wasn't me who bought them, but I did buy quite a lot, and I haven't sold them yet."

The reporter asked in surprise, "Mr. Yu, why haven't you sold yet? BYD's stock price was 74 last month, but it has already dropped to 44 this month. Mr. Wang has already reduced his holdings by more than 3 billion twice."

BYD's stock price rebounded in the first half of the year after the turmoil at the end of last year, and hit a record high last month. Wang Chuanfu reduced his holdings by 17.2 billion and 18.1 billion yuan respectively. However, the situation changed drastically this month, with the lowest price of 42.29 yuan nearly halved from the high point in June.

Yu Xing did not want to discuss BYD's stock price in detail in public, so he joked about it: "I will not sell now. What does Mr. Wang know about BYD?"

The reporter burst out laughing. "Well, well, the founder doesn't understand his own company."

Hearing this, Yang Kai, who was standing next to him, said indifferently, "President Yu is good at making cars, but not so good at stock trading. He needs to hone his judgment. He could buy some of our stocks, though."

Yu Xing hadn't heard this tone of voice for a while. He had occasionally heard it before the Carbon Silicon Group started manufacturing cars, but once Kyushu was released and sales took off, the industry treated each other as equals.

He turned his gaze to the person who had spoken, and indeed did not recall seeing him before, so he politely asked, "What is your name?"

Yang Kai did not extend his hand, but simply nodded slightly: "I am Yang Kai from Huishan Dairy. President Yu, right? You are indeed very young."

Yu Xing's initially curious gaze suddenly sharpened, and he then extended his hand, smiling as he asked, "Huishan Dairy, listed in Hong Kong? Mr. Yang?"

Yang Kai grasped the young man's outstretched hand and exerted force with his right hand: "Yes, it's me, President Yu."

The reporter noticed that the two shook hands for quite a long time, suggesting they didn't get along very well, but simply waited to see how things would develop.

Yu Xing withdrew his hand, which had been gripped so tightly it was red, without any anger or feeling offended. He simply smiled and said, "President Yang, I know about your Huishan Dairy, a very perfect company."

Yang Kai was confused, but he knew that his actions just now were not friendly.

He vaguely sensed a strange pressure and nodded: "Mr. Yu is conducting an interview, so I won't disturb you any longer."

Yang Kai turned to leave, but after taking several steps, he couldn't help but turn back. He found that President Yu was still watching him, his eyes devoid of any emotion, just as hard as two knives.

He felt a sudden chill, his heart skipped a beat, and he quickened his pace, huddling together for warmth.

(End of this chapter)