Black technology: a super empire spanning two worlds

Chapter 358 [President Zhou donated equity, aligning with the principles of Grain Crossing]

Looking at his holdings account information, Zhao Mingjie was overjoyed and said, "I never expected my luck to be so incredible. I caught the first time in the history of the Beijing Stock Exchange that the stock price hit the daily limit from the bottom to the top. Buy less spicy food, buy less spicy food. If I had gone all in on Lingjing Technology with that 2 million yuan, I would have made a profit of 2.55 million yuan today, wouldn't I?"

Upon hearing this, Lin Shenshi rolled his eyes: "Listen to this, listen to whether you're even speaking human language? You're still not satisfied? I really want to go up and kick you."

At this moment, various market data software popped up with push notifications, and a pop-up also appeared in the lower right corner of Zhao Mingjie's laptop.

[Likang Technology staged a dramatic 30cm reversal in the final minutes of trading, hitting the daily limit up, marking the first time such a stock has achieved this since the Beijing Stock Exchange opened. The stock's current trading volume is 620 billion yuan.]

On the Beijing Stock Exchange, a limit-down price can range from -30% to +30%, with a maximum fluctuation of 60%. However, if you enter at the limit-down price, the return after the price hits the limit-up price on the same day is not +60%, but +85.71%.

At that time, Likang Technology's stock price fell from the limit down price of 1414.08 yuan to the limit up price of 2626.14 yuan, and the company's total market value also soared from 6575 billion yuan to 1.22 trillion yuan, once again breaking the trillion-yuan market value mark.

Zhao Mingjie, who bought at the limit down price, saw his investment increase by 85.71% within a day, turning 1 million yuan into more than 1.85 million yuan.

However, Zhao Mingjie's account profit was far more than 8500 million yuan, because he had bought 2 million yuan worth of Lingjing Technology stock before buying Likang Technology, and then bought the stock when it was up more than 3%.

Lingjing Technology also rose, although not as dramatically as Likang Technology, it still saw a big surge and formed a large positive line.

At the close of trading, Lingjing Technology surged 8.51% to 439.92 yuan, with a total market capitalization of 38.185 trillion yuan.

Zhao Mingjie invested 200 million yuan in Lingjing Technology and has now made a profit of more than 5%, earning another 10 million yuan. Today, his unrealized profit is close to 100 million yuan.

……

As Likang Technology's stock price surged from its daily limit to its daily limit, Zhou Chengyang posted a Weibo message in response to public concerns. This message quickly became a trending topic, as Likang Technology is currently in the eye of the storm, and news related to it is attracting widespread attention.

Since being summoned for questioning last Friday, there has been no news, and everyone is waiting to see how the meeting went.

This afternoon, Zhou Chengyang suddenly posted a Weibo update, the content of which can be summarized in the three words "has behaved himself," which surprised many people outside the industry.

One very important detail from his Weibo post is the word "rectification." This word also implies that Liuguang Xingyu may not be subject to a blanket ban.

This is also the biggest reason why Likang Technology rebounded violently today, reaching a 30cm limit up. For the capital market, not taking a one-size-fits-all approach is considered exceeding expectations.

The following day, Likang Technology opened sharply lower and retraced further before rebounding strongly, closing up 16.60 yuan. Yesterday's dramatic reversal from limit down to limit up yesterday made the stock more than double in just two days, accumulating a 116.54% increase from its price of 1414.08 yuan. This level of volatility is unparalleled in the entire market.

On the third trading day, Likang Technology continued its rebound, surging another 18.19% to push its stock price to 3619.18 yuan, and its market value recovered to 1.68 trillion yuan. The cumulative increase over the three trading days was 155.93%.

Those who sold at 1414.08 yuan are now kicking themselves; some lost so much they're numb, while others made a killing.

Zhao Mingjie bought 1 million yuan worth of shares at the bottom and made nearly 1.56 million yuan in just three days from Likang Technology. Moreover, Lingjing Technology has also rebounded in the past two days, closing up 3.39% and 1.88% respectively, with the stock price rebounding to 463.41 billion yuan and the market value to 40.22 billion yuan, recovering the 40 trillion yuan mark.

He invested 200 million yuan in Lingjing Technology, which brought him a floating profit of more than 20 million yuan in the past three days.

After Likang Technology was summoned for talks, the two companies' stock prices began to diverge in the subsequent market trend, no longer moving in tandem. This was because the uncertainty had not yet been fully resolved, and Likang Technology's market capitalization of over 1 trillion yuan could not support Lingjing Technology's market capitalization of 40 trillion yuan.

Another important reason is the overall market environment. Since the "September 24th rally" broke out, the trading volume and atmosphere of the entire A-share market have not been as good as in October. In October, there were stock market gurus everywhere in the A-share market, but after November, the effect of losing money began to appear.

It's worth noting that the biggest beneficiary of Likang Technology's violent rebound over the past three days was the National Social Security Fund (NSSF), which snapped up over 70 billion yuan worth of shares at rock-bottom prices. Along with several other mysterious funds, the NSSF continued its buying spree, starting at the bottom and continuing until the stock price turned positive, ultimately purchasing a total of 200 billion yuan worth of shares. At this point, many people didn't realize that Likang Technology's price of 1414.08 yuan was a historical low, and that there would be no future opportunities to acquire shares at that price.

The social security fund, which had previously missed out on significant gains, successfully capitalized on this "black swan" event to buy at a historical low and even placed a large position.

For retail investors, such institutions have a huge information advantage, and can even see the cards in advance. Even ordinary institutions, without extraordinary abilities, cannot see such cards, let alone retail investors.

Knowing the bottom line beforehand and knowing that Likang Technology would not face systemic risks, its operators dared to boldly invest tens of billions of yuan to buy at the bottom.

……

Tuesday, December 3rd, afternoon, Lingjing Technology headquarters.

"We received news from Zhou Chengyang that the meeting with the eight departments has concluded, and a rectification campaign lasting about three months will begin, which will be around February 2025 next year," Yun Shu reported to Xiao Yu in his office.

Outsiders, especially the vast number of netizens who are applauding, are saying that President Zhou has been hit hard and is now behaving himself. In reality, Zhou Chengyang, the person involved, is not worried at all.

Because this whole affair was essentially a "good cop, bad cop" drama, you could say it was a case of Zhou Yu beating Huang Gai, one willing to hit and the other willing to be hit.

Clearly, Mr. Zhou is well aware of his own position in the ecosystem. He has accepted an enormous windfall, and half of that comes with the responsibility of taking the blame and being criticized, which Mr. Zhou is quite happy to do.

Just kidding. Taking the blame and enduring the online abuse won't make you a millionaire. If outsiders knew this, I wonder how many people would be willing to do it and take the blame.

Xiao Yu glanced at Yun Shu and said, "We need to put in a lot of effort on the rectification, but don't let production capacity suffer. Tell Zhou Chengyang how to strike the right balance."

“Yes, I’ll let him know.” Yun Shu nodded. After a moment, she changed the subject to another matter: “There’s something else. This morning, my cousin contacted me and said that she and her husband plan to donate about 5% of their shares in Likang Technology to the HP Foundation. However, they are undecided whether to cash out and donate or to transfer the shares directly. They asked me to give them some advice.”

At this point, Yun Shu smiled and looked at Xiao Yu, saying, "This couple said they wanted my advice, but actually they wanted to hear your opinion."

Obviously, if Yun Shu was told about this, it would definitely reach Xiao Yu's ears.

Zhou Chengyang now has Xiao Yu's private phone number and can contact him anytime. He could easily mention it casually during a work report, but that would seem too deliberate.

Xiao Yu was quite surprised and couldn't help but laugh, "Oh? Is that so? That's a big deal. Based on his company's current market value, that 5% equity stake is worth over 840 billion. What do you think about this?"

Upon hearing this, Yun Shu smiled and said, "I can see right through what my cousin-in-law is up to. You can't be unaware of it, can you?"

It's obvious that what President Zhou donated was equity, and what he aligned with was Kelidu; he really wants to make progress.

Because Xiao Yu had long ago transferred about 50% of his Lingjing Technology shares to the HP Foundation, and core senior management team members of Lingjing Technology, such as Xu Changming and Fu Kang, had also donated their shares to varying degrees.

Now, Mr. Zhou, who is only focused on currying favor with powerful figures, feels more and more that he should also donate some money to express that he has been unconsciously influenced by these powerful figures since following them and has taken them as role models.

More importantly, Zhou Chengyang's move indicated that he was completely siding with Xiao Yu, indirectly demonstrating his stance through this action.

……

(End of this chapter)