Chapter 754: Another King of Fools

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"Mr. Wang, there is no news from the bank."

"What about the top of the North Market?"

"also not."

BOE, Wang Dongsheng was smoking a suffocating cigarette.

He's been having a lot of headaches lately.

BOE’s first-quarter financial report came out, and it fell into a loss again.

Moreover, in the first quarter alone, they lost 500 million.

If this continues for one year, at this rate, it may create a loss of 2 billion yuan.

Although such a loss cannot be said to be the largest in the history of China, it is a record for an electronics manufacturing company to make such a loss. At the same time, on the stock market side, because of the continuous losses of BOE, it has already added the hat of ST. All the stocks of BOE in the hands of retail investors should be sold, and those who cannot be sold are the bookmakers.

There is no way, even if they are the dealers, they will be trapped to death by BOE.

The meaning of ST is to show everyone that this is a loss-making company and investment needs to be cautious.

Since no money can be found in the stock market, no money can be found in the bank, and no money can be found at the top... BOE was suddenly caught in an incomparable predicament. At that time, some media thought that BOE would be delisted?

"These guys."

Wang Dongsheng complained in his heart.

When BOE was founded at that time, Wang Dongsheng had already expressed it to the head and the bank.

The display business is not so easy to do, and a protracted battle must be fought.

But they promised well at the time, and regretted it a few years later.

Of course, Wang Dongsheng also understands that no matter how big the money owner can't stand losses for four or five years in a row.

However, the more this time, the more Wang Dongsheng understands the power of Samsung.

Why is Samsung's display business so awesome?

Not how good is their technology?

Samsung at that time was actually the same as BOE today, and their technology was not as good as Japan's.

But they also entered the display business with unparalleled courage, and lost 20 consecutive years.

But 20 years later, Samsung has risen more and more and successfully stepped on Japan, thus achieving Samsung's dominance.

Wang Dongsheng's path, in fact, is also the path of Samsung.

However, Samsung's road is too difficult to walk, let alone 20 years of losses, even if it is now four or five years in a row, it is not an ordinary enterprise that can withstand it.

"Has some other capital contacted?"

"I have been in contact, but when some other capitals look at our financial reports in recent years, there is no news."

The assistant said in a low voice.

As for BOE, the assistant is also at a loss.

A company that has been losing money for four or five years in a row, and the more it loses, the more capital it dares to come in?

Say it again.

Look at other people's banks are afraid to come in, you pay back the capital?

Do you have the capital of a bank?

"By the way, Mr. Wang, Mr. Chen from Universal Technology said that he wanted to come to the company for inspection."

"You let Vice President Liu go,"

Wang Dongsheng seemed to be somewhat disinterested in Huanyu Technology.

The fund has not been resolved, and now he is in the mood to take care of it.

However, just as Wang Dongsheng was going to try his luck at the bank in the afternoon, Wang Dongsheng was a clever one.

Huanyu Technology, this company is not simple.

"Otherwise, pull Huanyu Technology on the horse?"

Wang Dongsheng made up his mind.

If it is an ordinary Internet company, Wang Dongsheng will certainly not hit their minds.

The display business is not much worse than the chip foundry business.

Even financially, it's even more terrifying.

Just like their production line.

The display production line is divided into 1 generation line, 2 generation line, 3 generation line, 4 generation line, 4.5 generation line...

The first-generation line can produce 320mm*400mm panels, and the investment scale is 1 billion.

The second-generation line can produce 370mm*470mm panels, and the investment scale is 2 billion.

The 3rd generation line can produce 550mm*650mm panels,

The investment scale is 4 billion.

The 4th generation line can produce 680mm*880mm panels, the investment scale is 6 billion, and the size is about 15 inches.

The 4.5-generation line can produce 730mm*920mm panels, and the investment scale is 8 billion.

Do you think this is over?

There are 5th generation lines, 5.5th generation lines, 6th generation lines, and even the world's most advanced 7th generation lines so far.

The investment and construction of these production lines alone will cost at least hundreds of billions.

As you can imagine, there are a few companies that can stand up.

From this, you can also understand why Samsung has been losing money for 20 consecutive years.

It's not that they don't have the ability to make money. Such a terrifying investment simply requires the strength of the whole country to complete.

In fact, Samsung's ability to rise is indeed developed by the power of the whole country.

Not only that.

Just having a production line is not enough.

Find a market for your product.

If you don't find a market, your investment of hundreds of billions of dollars will kill you in minutes.

The display screen of Hyundai Korea at that time was very powerful, but it was also finished like this.

Of course, when BOE was established, it also received strong support from the bank and the top.

So Wang Dongsheng was ready to let go and make a big fight.

But this kind of thing, after losing four or five years in a row, you will start to doubt your life.

The top of the North Market felt that this display screen is too much of a loss, and some don't want to invest money.

The bank saw that BOE has been losing money, and felt that the money given in the early stage might not be able to recover the cost, and became hesitant.

But despite this, Wang Dongsheng is quite optimistic about Huanyu Technology.

This company is strong.

Although it is impossible to give them how much money to invest in BOE, flicking hundreds of millions over can also solve the current urgent needs.

Thinking of this, Wang Dongsheng asked, "Who will lead the team for this visit?"

"It seems to be Chen Yu."

"That's okay, don't call Vice President Liu. The chairman of Huanyu Technology comes over, how can you let Vice President Liu accompany you? It's too disrespectful to others. In this way, I will personally receive them in the afternoon."

"Okay, Mr. Wang."

The assistant nodded, and then left the office, preparing for a series of arrangements for receiving Huanyu Technology in the afternoon.

In the afternoon, Chen Yu brought Zhang Jianming and his party to BOE.

Although the current BOE is not the BOE of the future, but because of continuous investment, the scale of BOE has also exceeded 10 billion. Moreover, the manufacturing of the display screen, like the electronic foundry, requires a lot of labor. Just for a third-generation line, there are thousands or even thousands of people in the entire factory. This is of great help in solving employment problems.

Therefore, when BOE was founded, it received strong support from the top of the Beijing market.

Therefore, although the scale of the entire BOE is not comparable to that of Huanyu Technology, it has more than ten times more employees than Huanyu Technology.

"Mr. Chen, the one with glasses and some white hair in the front is Wang Dongsheng."

"Well, I've seen his photos, and he has some scholarly temperament."

"Scholar, he is not a scholar. President Chen, you have to be careful. Wang Dongsheng is known as the king of fooling in the industry."

"Oh, how do you say this?"

"Let me tell you briefly. At that time, when BOE was founded, it actually owed a lot of money, and the company itself could not be created. But Wang Dongsheng completed the debt-to-equity swap with his ability to fool. Later Said that the display screen would be of great help in solving employment, so he brought the top of the North City over. But under the endorsement of the top of the North City, Wang Dongsheng brought in a series of banks. But now, Wang Dongsheng not only brought in the North City. The top has been tricked, and even the banks have been tricked. It is said that they lost 500 million in the first quarter of this year, and Wang Dongsheng is running around everywhere, trying to find a way to raise money..."

"Oh."

Chen Yu nodded, but said with a smile: "The ability to fool is really good."

It's just saying that, but Chen Yu has nothing against Wang Dongsheng.

Instead, he has some appreciation.

The investment in the display screen business is really too big. If you don't have this ability to fool, how can you do it?