Black technology: a super empire spanning two worlds

Chapter 341 [Empowering Nursing Homes with Nursing Robots]

In the afternoon, at the headquarters of Lingjing Technology in Linzhou City.

"The stock market has been absolutely crazy these past few days. It's already trending on several hot topics. The stock market performance is sure to be one of the most talked-about topics during the upcoming National Day holiday," Yun Shu exclaimed in surprise as she spoke with Xiao Yu in the chairman's office.

The A-shares usually trend on social media because of sharp drops, it's rare for them to trend because of sharp rises, and it's even rarer for them to trend for several days in a row.

Yun Shu turned to Xiao Yu and smiled, "Our company has also seen a surge in stock prices over the past five days, reaching new highs. You have once again become the richest person in China with just 1% of the shares."

Xiao Yu said, "This market is indeed crazy, and Lingjing Technology has also benefited from a huge bubble."

After the market closed today, Lingjing Technology's market value surged to 35 trillion. Xiao Yu now only symbolically retains 1% of the shares, but the company's market value is too large, and even 1% of the shares is now worth 3500 billion.

In fact, Xiao Yu has always been the richest man, and even the richest man in the world, because he owns a company called AVIC Linfei, in which he holds 65% of the shares. However, this company is not listed on the stock exchange.

Western media outlets also intentionally avoided the topic because they needed the world's richest person to be American, or at least European or American; they couldn't accept someone from the University of Tokyo. Xiao Yu also intentionally avoided the title of richest person, so he was happy to see Western media avoid the topic—this was the only tacit understanding between him and the West.

With Lingjing Technology's market value soaring, Xiao Yu has regained the title of China's richest man, still relying on his 1% equity stake, without even considering the assets of AVIC Linfei.

It must be said that Lingjing Technology has benefited from the current super market conditions and enjoyed the bull market bubble.

The company's price-to-earnings ratio has never been low. Before the "9.24 market crash", the company's static price-to-earnings ratio was 78 times. In just five trading days, the price-to-earnings ratio soared to as much as 123 times.

The surge in the stock market and the influx of global capital into Dongda have also led to the appreciation of the offshore RMB exchange rate.

Thanks to this, Lingjing Technology's market capitalization of 35 trillion yuan reached a staggering 5 trillion US dollars, making it the first listed company in the global capital market to break through the 5 trillion US dollar mark and regaining its position as the world's most valuable company.

Before the "9.24 market crash," Lingjing Technology's market capitalization was equivalent to US$3.14 trillion, ranking third in the world at that time. The first place was Apple with US$3.85 trillion, and the second place was Cyera-AI with US$3.65 trillion.

Today, SpiritMirror Technology has jumped to the top spot in the world with $5 trillion, Apple has $3.87 trillion, and Cyera-AI has $3.92 trillion.

Cyera-AI has overtaken Apple as the world's most valuable listed company, but its founder, Peter Vitas, is the embodiment of Xiao Yu. Thinking of this, Xiao Yu couldn't help but laugh. Mirror Technology and Cyera-AI have been fluctuating back and forth between being the world's most valuable listed company.

On the surface, it seems to be a fierce contest between East and West in the financial market, described vividly by many outsiders. But in Xiao Yu's eyes, it was nothing more than his left hand fighting against his right.

And he kept the whole world in the dark, and that was the only way. He couldn't reveal this secret, not even to Yun Shu, who was by his side.

At that moment, Xiao Yu glanced at Yun Shu and said with a smile, "You're quite wealthy now, you've become the richest woman in the country."

Upon hearing this, Yun Shu shrugged and said, "If I don't cash out, no matter how much wealth I have, it's still just wealth. Besides, I'm not really interested in being the richest woman. Having this much wealth is just a change in numbers."

She holds 0.634% of Lingjing Technology's shares, which is 5.5 million shares, with a market value of 2218 billion yuan.

Yun Shu originally held 8.5 million shares, but she also transferred 3 million shares to the HP Fund free of charge, just like Xiao Yu.

With a nominal net worth of 2218 billion yuan, Yun Shu not only became the richest woman in China, but also entered the top ten of the rich list in China, ranking tenth.

Moreover, the top ten richest people in China are almost dominated by the "Lingjing Group". Xiao Yu has now topped the list again, Yun Shu is ranked tenth, and Xu Changming, Fu Kang and other four veteran core executives of Lingjing Technology are now all in the top ten with nominal net worth ranging from 270 billion to 320 billion.

They all transferred a portion of their shares to HP Fund free of charge with Xiao Yu; otherwise, their net worth would have been even higher.

Currently, six of the top ten richest people in China are from the "Lingjing Group," and 22 of the top 100 are also from the "Lingjing Group." The company's soaring market value has created more than 1200 billionaires with a net worth of over 100 million yuan. These employees have achieved a net worth of over 100 million yuan through the company's stock options, not even counting those with a net worth of tens of millions.

Currently, any employee who receives equity incentives from Lingjing Technology has a net worth of at least eight figures, making them a multi-millionaire.

Finally, Xiao Yu looked at his beautiful assistant and teased, "I was right not to let you sell back then, wasn't I? It's good that you listened to my advice, otherwise you would definitely be slapping your thighs until they're swollen."

Upon hearing this, Yun Shu couldn't help but cover her mouth and giggle. Back then, when Lingjing Technology's stock price plummeted, she genuinely thought the company was doomed and considered selling her original shares on the secondary market to cash out.

If she had sold her shares at that time, she would have only been able to cash out a little over 370 million yuan. Back then, Yunshu issued 3 million shares, which was 300 million shares without a high stock dividend, equivalent to 300 million shares in today's terms.

Looking back now, Yun Shu couldn't help but sigh, "I never imagined that in just a few short years, Lingjing Technology could grow into such a behemoth. It's truly incredible..."

She will hold onto her 5.5 million shares in the company indefinitely and will not reduce them, neither now nor in the future.

Even without cashing out, the company is currently distributing cash dividends every year, and Yun Shu's cash dividends far exceed the salary the company pays her.

Lingjing Technology first distributed cash dividends in 2022, and has since distributed cash dividends four times, with a total dividend payout of over 2010 billion yuan. The cumulative cash dividend per share is 2.316 yuan, and Yunshu has also received a total of 12.74 billion yuan from the four dividend distributions.

This 12.74 billion is real cash, not some nominal market value on paper.

As the company's second-largest shareholder, Ruilian Group holds 12.5% ​​of Lingjing Technology's shares. It has already received 251.5 billion yuan in cash dividends in four rounds. In addition to the cash dividends, the market value of its 12.5% ​​stake has reached 4.375 trillion yuan.

Betting on Lingjing Technology became the most brilliant move since the establishment of Ruilian Group, bringing unbelievable returns. Xiang Chongguang also gained more opportunities for promotion thanks to this move, and his advancement was certain.

Lingjing Technology's largest shareholder is not an individual, but an institution, namely HP Fund. Xiao Yu and a group of senior executives of his company transferred a total of 53.28% of the shares to HP Fund, accounting for more than half of the shares.

In the company's four dividend payouts, HP Fund received a total of 1070 billion yuan. Based on Lingjing Technology's current total market capitalization, the equity value held by HP Fund has reached an astonishing 18.65 trillion yuan.

One long-standing question from the outside world is whether the HP Foundation can maintain its sustainable development. After all, as a non-profit organization, its expenses are increasing, and many people believe that the HP Foundation will run out of money in a few years.

But nobody mentions it anymore; just selling 1% of the shares would net them hundreds of billions.

Of course, Xiao Yu would never allow HP Fund to sell Lingjing Technology's stock. He was the nominal chairman of the board of directors of the institution, and the management of HP Fund were all appointed by Xiao Yu.

HP Foundation doesn't need to sell stocks to raise cash to maintain its budget. It receives hundreds of billions or even trillions of dollars in cash every year through dividends and social donations. It has more than enough money and has never experienced a shortage of funds. On the contrary, it is very well-off.

Finally, Yun Shu looked at Xiao Yu and reported another matter: "Oh right, there's one more thing. The management team at the HP Foundation has recently been discussing whether to draft a budget expenditure to purchase a batch of Flowing Star Language robots as nursing care robots to subsidize some nursing homes and care for impoverished and lonely elderly people who have no one to rely on."

Upon hearing this, Xiao Yu nodded and said, "Hmm, that's a very good suggestion."

In terms of caring for elderly people who have no one to rely on, especially those suffering from Alzheimer's disease and unable to take care of themselves, the Flowing Star Language Robot is a very good solution.

One major reason why many elderly people are unwilling to go to nursing homes is that some nursing homes have significant management and service problems.

For example, the quality of caregivers varies greatly. Some caregivers treat the elderly roughly, and may even yell at or insult them. Others lack professional nursing knowledge and may perform improper procedures when caring for the elderly, such as not washing their hands after cleaning the dirt from one elderly person before caring for the next, which can lead to cross-infection.

Some nursing homes are poorly managed, restricting the elderly's activity range and time. If an elderly person exceeds the prescribed time, they will be locked in their room by caregivers and may not even be provided with basic living support.

When elderly people fall ill, caregivers do not promptly arrange for medical staff to provide treatment, but instead force the elderly to notify their family members to find a doctor themselves, or demand that the elderly pay exorbitant medical expenses.

Some nursing homes have poor food conditions, and the elderly are afraid to eat. They even need to "bribe" the caregivers to get a decent meal. Some disabled elderly people even drop food on the ground and are forced to eat by the caregivers.

These problems have made the elderly in nursing homes feel neglected and abused, losing their basic dignity. They feel like "prisoners" rather than elderly people being cared for.

If the caregiver is replaced with a lifelike humanoid robot, none of the aforementioned negative issues will occur. Unless the robot is programmed to abuse the elderly, this situation will never happen.

At this moment, Xiao Yu pondered for a while, then looked at Yun Shu and said, "How about this, we either don't do it at all, or we do it systematically. Let the management of the HP Foundation draft a plan to first establish a number of purely non-profit nursing homes or elderly care institutions in Linzhou City."

"All caregivers are equipped with the Liuguang Xingyu robot. These nursing homes must cater to the elderly in low-income families and the elderly living alone without children, who are the most vulnerable groups in society."

……

(End of this chapter)