Chapter 309 The Essence of Investment Is to Invest in People!

That night, under the auspices of Jiang Weiping, an impromptu internal meeting of the group was held until 11 o'clock late at night, during which Liu Wei participated via remote video.

Finally, after comprehensive consideration of the interests of the group and everyone’s opinions.

The next day, Jiang Weiping made up his mind and, under the arrangement of his secretary, set off for Yuhang to prepare to meet Su Yu.

During this period, Su Yu also convened Liang Bin and He Qian from the company's venture capital department to discuss investment matters in 'Tianqi Lithium Industry'.

"Mr. Su..."

After Su Yu initially explained the two investment plans, He Qian couldn't help but said: "Apocalypse Lithium's assets are only over a billion. In recent years, it has been hovering on the profit and loss line, and its market value is less than 3 billion. You Is it too much to promise them an investment of 3 billion? It is impossible to imagine that they will give up control, and even if they give up control... it will not be of any real use to us to acquire such a company. "

"Let's talk about 'Talison'..."

"Resource companies do have great potential for explosive performance when the cycle reverses."

"However, this still cannot change the nature of the 'cycle'. Take domestic coal companies as an example. Mr. Su should understand how miserable this year has been."

"We made a big bet on Tianqi Lithium."

"It is possible to make big profits in the future, but there is also a high probability of huge losses. After all, no one can guess the top and bottom of the cycle."

"Indeed, with the follow-up of technology, the use of 'lithium' is expanding and the demand is slowly increasing. However, it is about to enter a full-scale outbreak period, which is what you call the competition for lithium ore resources. Lithium resources are in very short supply. The situation where global demand far exceeds supply is still very far away.”

"Resource reserves, competition for the right to speak."

"That should be something that the country considers, and we as an investment institution."

"The primary consideration is the development prospects of the investing company and the profitability of the investment project."

"I also think that the investment quota of 3 billion is too radical." In the face of He Qian's objection, Liang Bin thought for a while and responded, "Mr. Su, our company's net value in the 'Yuhang No. 1' fund After the ex-rights, the total cash flow withdrawn is only more than 3 billion. You can’t just bet it all on the ‘Tianqi Lithium’ project, right?”

"Also, are you too optimistic about the future of Tianqi Lithium Industry?"

"After this company was listed on the small and medium-sized board for 10 years, for more than three years, both revenue and net profit have been growing slowly. The only thing worthy of praise is that their profit margin curve is quite beautiful and shows continuous improvement. The situation shows that the cost control within their group has been declining, but this advantage is obviously not enough when compared with nearly 2,000 listed companies in the two cities. "

“As for the future of the overall industry…”

"At the current stage, both domestic and foreign investment institutions have a vague judgment on the future development of this area. Few institutions are strongly optimistic and have large-scale involvement in the field of 'lithium resources' and 'lithium batteries."

Su Yu saw that both of them were opposed to his big bet on the 'Tianqi Lithium Industry' project. He smiled without getting angry and replied: "As an investment institution, the first consideration is the development prospects of the investing company and the quality of the investment project. Profits are possible, but... under this premise, the essence, that is, the true meaning of investment, is to invest in people.”

"For example..."

Su Yu smiled and said: "Standing at the time point half a year ago, who would have thought that our 'Yuhang Investment' would be able to reach the current scale of asset management and achieve the current profit performance?"

"This is the same for Tianqi Lithium."

"You have only studied the current financial data, status quo, and development status of Tianqi Lithium Company within five years."

“But I didn’t carefully study the helmsman in charge of the Tianqi Lithium Group, I didn’t study Jiang Weiping, I didn’t think about why Tianqi Lithium made a big gamble to acquire Talison, and even borrowed large amounts of debt at all costs, without caring about itself. Whether you can afford it or not, you have to complete this overseas acquisition.”

"Take a closer look at Tianqi Lithium's operating data in recent years."

"When did its net profit margin rebound? Why is this company's internal cost control significantly lower than similar companies?"

"Also, where is its biggest cost expenditure?"

"Prospects, the expansion of market demand, and the outbreak of cycles are indeed important factors, but the most important thing when we invest in companies is people."

"After all, businesses are run and managed by people."

"In the same industry, on the same track, with different operation and management capabilities, the final results of enterprise development are also very different."

"Through various materials and data analysis."

"We can see that since Jiang Weiping took over the control of Tianqi Lithium, the company's internal situation has been improving, and its internal growth capabilities have taken the lead in the industry. What is missing is just an opportunity to ride on the wind. That’s all, and ‘Talison’ is the pair of wings that Tianqi Lithium Industry rides on.”

"Based on the operating data of Tianqi Lithium in the past five years, we can see..."

"The group's largest cost expenditure is the import of 'Talison' spodumene ore, and this import quota has shown an annual growth rate of at least 30% year-on-year, which has become the biggest burden on their group."

"This is a company that has grown up in an industry desert through internal cost suppression."

"Coupled with the excellent operation and management capabilities of the person at the helm, as well as the overall strategic perspective, I have no reason not to be optimistic about such a company."

"Furthermore, because everyone has doubts about the future demand for 'new energy' and 'lithium batteries', and the development of the industry is still in a hazy state, we have this opportunity to make full use of the funds in hand. To obtain the equity of the best companies in this industry and related high-quality chips, so as to enjoy the future corporate growth dividends and industry explosive dividends.”

"One day the roc rises with the wind and soars ninety thousand miles away!"

"In my opinion, after Tianqi Lithium and Talison solve the problem of raw material costs and master the world's best quality lithium resources, it is the process of transforming the dragon into a dragon."

"Also, there is competition for the right to speak in industry resources..."

"Maybe it is of little use at the moment, but in the future, with the development of the times and technology, it may become crucial. This is not a matter of the country, but also closely related to each of us."

"Just like the current situation in the steel industry."

"Our steel production capacity has accounted for more than 50% of global production capacity. However, we can only account for a very small part of the profits of the entire industry chain. We are even affected by the fact that we do not have core resources and pricing on the raw material side. Even if the industry’s demand is expanding, we will only make small profits. This is the consequence of not planning in advance and not having a forward-looking vision.”

"Talison is not an ordinary company when it comes to lithium resources."

"It is a resource-based company that owns the world's highest quality spodumene ore. If it had not been for this time, this company would have suffered extreme losses, and the industry happened to be at the bottom of the cycle. It wanted to win over such a resource-based company with a monopoly nature. Corporate control is basically unrealistic.”

"So, both from an investment perspective and from a macro strategic perspective."

"Now that Tianqi Lithium has taken the initiative to find us and the opportunity has come to us, we can't miss it."

"Of course, the 3 billion investment amount is just the initial intention I told Mr. Liu. In real terms... with the size of Tianqi Lithium and the current situation of 'Talison', they can't afford so much money. , according to my calculations, 2 billion funds should be enough in the end.”

“After all, as a direct competitor of Tianqi Lithium’s acquisition of ‘Talison’.

"Although Knockwood is very strong, with the murky future industry prospects, if the final acquisition cost of Talison's merger and acquisition intention exceeds too much, they will probably not be able to afford it, and there is a high probability that they will give up."

"I think Mr. Su is right." After listening to Su Yu's opinions on this investment, Li Meng, who had been silent for a long time, responded, "The fundamental of investment is to invest in people, Mr. Jiang of Tianqi Lithium Industry" , dared to bet on his decades of accumulation, even mortgaged all the assets in his name to the bank, and tried his best to promote the acquisition of 'Talison' by 'Apocalypse Lithium', which should have fully weighed the risks. , have a deeper understanding of future industry development.”

"If the final investment is made, it will not exceed 2 billion."

"Although it is an unprecedented large-scale investment project for us at 'Yuhang Investment', given our essentially abundant cash flow, it cannot damage the foundation of our company at all."

"So, taking everything into consideration..."

“Although investing in this project involves certain risks and uncertainties, it is still worth investing in!”

"Okay!" Seeing that Li Meng was also on Su Yu's side, He Qian thought about it and felt that what Su Yu said made some sense, and finally couldn't help but agree.

When all three of them agreed, it no longer mattered whether Liang Bin expressed his opinion or not.

After the investment opinions were unified, everyone then discussed some of the plan conditions that Tianqi Lithium Industry may propose in the future, and how to strive for a more reasonable and mutually satisfactory result in the subsequent negotiations between the two parties. A win-win investment strategy.

Finally, Su Yu invited the three of them to dinner.

Then, I bid farewell to my sister at the airport in the afternoon, and at the invitation of Yang Hao, I went to see a luxury high-end real estate built by Kumho Group as a core project in the Binzhou Commercial District not far from the Financial City. I spent more than 10 million to buy it. Went to the large flat-floor view room on the top floor of nearly 400 square meters.

"This house is nice, isn't it?"

Yang Hao saw Su Yu standing in front of the window, looking at the entire Yuhang City, and said with a genuine smile.

"It's not bad!" Su Yu replied calmly, "It's located in the core, with a wide view. Speaking of which... the price you paid for this piece of land was not small, right?"

"That's it, every inch of land is precious!" Yang Hao exclaimed, "Originally, I kept this house for myself, but seeing that you like it so much, I can only do it as a favor."

"Don't you ignore the internal affairs of Kumho Group?" Su Yu said with some confusion.

"But after all, I am the major shareholder of Kumho Group. It is convenient to show you the house." Yang Hao said, "Besides, Yang Jincheng is Yang Jincheng, and Kumho Group is Kumho Group. Although I have some resentment in my heart , but I won’t vent my anger on the employees of the group, and this is a company founded by my mother. After I take over, I still hope that it will continue to be brilliant. After all, it is my mother’s lifelong efforts!”

Su Yu looked at his sudden sentimentality, smiled, and said, "Let's talk about it after you get back the control of the group!"

As he said that, he and Yang Hao began to leave the house he had just bought.

"By the way, I have an appointment with Xinyu to have dinner together tonight. Do you want to join us?" Yang Hao asked when he was leaving after showing Su Yu around the property.

Su Yu smiled and said, "Let me be the light bulb for you two, and watch you two show affection?"

"You can also call your beautiful lady Li." Yang Hao said, "You are now a man with billions of assets. Don't be so pure all day long. Desires... just need to be vented. I haven't been to the bar for a long time. How about we go to the bar without calling anyone and book a place to drink?"

"Your beautiful girls, haven't forgotten yet?" Su Yu warned, "Be careful that you will get nothing in the Ni family. Now the one with the best chance to go further and replace the Chen family is the Ni family. You, if you can't seize this opportunity, you may never have a chance to turn over in the future."

"Okay, okay, why do you feel more anxious than me."

Yang Hao got into his very eye-catching Ferrari sports car, waved to Su Yu, and then stepped on the accelerator and disappeared from Su Yu's sight.

Su Yu smiled, took the contract from the sales manager who had been waiting carefully, and got in the car and left.

He returned home and rested for a night.

The next day, December 16, Monday.

At 9 o'clock in the morning, Su Yu came to the company. Just after the morning meeting, Liu Wei, Jiang Weiping and other negotiating representatives from Tianqi Lithium Industry arrived.

"Mr. Su, nice to meet you!"

Liu Wei greeted Mr. Su with a smile when she saw him, and then quickly introduced him to Su Yu: "This is the chairman of our group. I have reported the investment idea you told me the day before yesterday to our chairman in detail. The chairman is very interested in it, so he came here in person today."

"Nice to meet you, Mr. Jiang." Su Yu looked at the middle-aged man introduced by Liu Wei and shook hands with him with a smile.

Jiang Weiping held Su Yu's hand, looked at Su Yu carefully, and was a little bit unbelievable: "I didn't expect that President Su is so young. He is really a young hero, and his reputation is well-deserved!"

"Hehe..." Su Yu smiled, "President Jiang, thank you."

As the two greeted each other, Li Xiaoling, the secretary behind Su Yu, also greeted everyone warmly and led everyone to the meeting room.

Arrived at the meeting room.

Jiang Weiping saw that everything had been arranged in the meeting room.

He couldn't help but smile and said: "It seems that President Su is very predictable. He knew we were coming!"

Su Yu laughed and said: "Straightforward people talk about straightforward things. Sichuan and Chongqing are one family. President Jiang and I can be regarded as fellow villagers. In this case, the twists and turns will naturally be reduced. I boasted to President Liu the day before yesterday, and I will not break my promise. Please rest assured, President Jiang."

"In that case, let's get started!" Jiang Weiping admired Su Yu's straightforward attitude and waved to the secretary.

Then, the secretary took out a lot of relevant materials prepared in advance from the file bag in his hand. Of course, at the same time... Li Xiaoling standing behind Su Yu, and Liang Bin, He Qian and other core members of the company's venture capital department beside Su Yu, also looked through the materials and prepared for each other.

"Regarding the two investment proposals proposed by General Manager Su..."

While everyone was preparing, at the signal of Jiang Weiping, Liu Wei paused and said: "After full internal discussion, we have chosen a more compromising plan. General Manager Su, please take a look."

As she said, Liu Wei handed Su Yu the proposal book that "Tianqi Lithium Industry" had discussed overnight.