Tech giants start by disassembling systems

Thursday. That is, three days from now.

Mingyuan Capital is coming to conduct due diligence.

Due diligence is the most crucial step in the financing process. Investors will send professional teams to examine every detail of the company—financial data, technological barriers, team structure, supply chain, customer feedback, and the authenticity of market growth.

If anything goes wrong in any of these steps, the financing may fail.

Su Chen started making a list.

In terms of finance: Li Wei is responsible for preparing all financial statements from the company's inception to the present—every income and every expense must be clearly recorded. Return compensation, mortgage loans, equipment deposits—data from difficult historical periods cannot be hidden and must be presented honestly.

Technically speaking, Zhang Lei was responsible for preparing the technical architecture document for the flight control firmware—not the source code, but an explanation of the architecture, which was sufficient for technical due diligence personnel to judge the authenticity and depth of the barrier.

In terms of sales: Meng Xiaoxi is responsible for compiling all sales data, customer feedback, and growth curves of the ground sales team.

Regarding production capacity: Zhou Ming was responsible for leading the due diligence team to visit the production lines—including the existing three assembly lines and the new production line on the third floor that is under construction.

Su Chen sent the list to the four people, and then took charge of preparing the most important item himself—

A business plan (BP).

In his previous life, during his fifteen years as a product manager, he had seen countless versions of business plans and knew what investors wanted to see and what they didn't want to see.

No need for fancy PowerPoint presentations. No need for empty vision descriptions. All you need are three things: data, logic, and an honest assessment of the risks.

Su Chen spent two days writing the business plan.

The core content includes:

Market Analysis – Size Estimate of the Small and Medium-Sized Commercial Aerial Photography Market, based on actual on-the-ground data rather than industry reports.

Competitive landscape – DJI's strategic absence, Tianying's product disadvantages, and other competitors' flight control shortcomings.

Technological barriers – the fundamental advantages of customized flight control firmware and the strategy of continuous iteration.

Financial model – gross profit per unit, monthly fixed costs, expansion pace, payback period.

Use of funds: final payment for new production lines, expansion of the field sales team, and preliminary technical reserves for agricultural plant protection lines.

Risk assessment – ​​the impact of DJI's price war, the uncertainty of regulatory policies, and the issue of the founder's reliance on a single point of contact.

He wrote the last item with particular care—because he knew Shen Yumeng would definitely ask about it.

Currently, Hongyuan's flight control core is controlled by only Su Chen and Zhang Lei. If either of them were to encounter a problem, the company's core competitiveness would suffer a severe blow. This is the biggest risk, and Su Chen did not shy away from it.

He outlined his solution in his business plan: recruit three flight control engineers within six months of securing funding, establish a formal R&D team, and transform flight control technology from a "founder's personal capability" into a "company organizational capability."

After finishing writing it, Su Chen read the entire business plan three times from beginning to end.

He told himself: There are no lies or exaggerations in this document, only facts and judgments.

If Mingyuan Capital is still willing to invest after reading this document, then it truly sees the value of Hongyuan.

If you don't vote—that's fine too. Su Chen has other options.

At nine o'clock on Thursday morning, Shen Yumeng arrived at the entrance of Hongyuan Intelligent's factory with two other people on time.

A man and a woman. The man was in his early thirties, tall and thin, wearing frameless glasses and carrying an engineer-style backpack—for technical due diligence. The woman was in her late twenties, dressed in a smart gray business suit, and holding a black folder—for financial due diligence.

Shen Yumeng herself still looked as neat and efficient as ever, with short hair, a business suit, and the leather-bound notebook she always carried with her.

Su Chen greeted them at the door.

"Mr. Shen, welcome."

"President Su, I apologize for arriving a few minutes earlier than agreed." Shen Yumeng's speaking style was as fast-paced as ever. "We'll try our best not to disrupt your normal operations. Just look at whatever you have; it's okay if you're not prepared."

"Everything is ready." Su Chen smiled slightly. "Where shall we begin?"

"The production line." Shen Yumeng said without hesitation.

Su Chen led the three of them starting from the production workshop on the first floor.