Chapter 223 Redeeming Equity

Chen Changliu entered a busy time. In addition to his regular calls with Du Zhiqiu every day, he spent the rest of his time at work.

He spent more time running around the Jingyuan R&D Center and the Battery R&D Center. Although he didn't understand the technology, sometimes he could still help the R&D team by telling some information about the future.

M 2 sold 120,000 units in the past June, with revenue alone reaching more than 90 million, and profits reaching a historical high of more than 15 million, which gave everyone in the MP3 department of Zhonghuajia a shot of adrenaline.

Although sales fell in July because it had been on the market for a month, there was no problem with more than 60,000 units a month.

Zhonghuajia's strong sales directly affected the sales of all manufacturers on the market. The market price further dropped, and the smoke of price war began to spread.

There were more than 35,000 sets of lead-acid batteries supplied to Fengfan, with revenues approaching 19 million and profits reaching more than 4 million.

Zhonghuajia's monthly revenue was almost over 100 million, which was a milestone for Zhonghuajia.

Moreover, the supply of lead-acid batteries will be further increased. Feng Xiao has already recruited people and agents to enter the big cake of battery replacement.

July 8, Chen Changliu's office reception area.

Chen Changliu was making tea while chatting with Wu Bo, who was sitting opposite, about MP3 wafers.

"Mr. Chen, according to this progress, we plan to try tape-out in September, and we can preliminarily complete the task you assigned to our wafer R&D center in October.

But you promised them that if they complete it one month in advance, they will be rewarded 1 million. If they complete it in October, then it will be 2 million two months in advance. Don't break your promise!"

Chen Changliu smiled happily and nodded:

"No problem, when have I ever broken my promise? I hope they can complete it in August, September or September.

Brother Bo, you see, the price of MP3 is still going down, the smoke of price war is getting thicker and thicker, and the profit will be lower in the future.

So if our self-developed wafers can meet the demand, Then we will become the undisputed overlord in the field of MP3. "

Wu Bo nodded and said:

"Don't worry, Mr. Chen, we will go all out and will definitely accomplish the tasks given to us by the company.

Our third-generation product research and development is also in progress. We mean to put the self-developed chips and integration solutions into the third-generation low-end products.

But Philips chips cannot be abandoned. After all, we cannot achieve high-quality sound chips for the time being.

Form a mid- and low-end market at the same time for consumers to choose.

After all, low-end consumer users still account for the highest proportion, and we can't give up this type of consumers in vain. "

Chen Changliu looked at Wu Bo with satisfaction. This guy is growing up well now.

After chatting for a while, Chen Changliu said:

"Brother Bo, when you first came to the company, did you think that the company would develop into this in such a short time?"

Wu Bo shook his head and said with emotion:

"To be honest, I never thought that it would develop so fast. After all, the foundation of the flower-growing family is weak, but looking back on the past 10 months, it really seems like a dream."

Chen Changliu smiled and nodded:

"Yes, the company can develop so fast, and you are one of the biggest contributors. When you first joined the company, one of the conditions for joining was to give you 5% of the dividend rights. After three years, this 5% dividend right will be directly converted into equity."

Hearing Chen Changliu's words, Wu Bo's heart "stomped". At this time, mentioning this to him, is he trying to kick him out directly?

This kind of thing is too common in startups. Many people are forced to leave by their bosses for various reasons before they reach the required years, and then the promised equity is not fulfilled at all.

Is Chen Changliu also trying to play this trick? Wu Bo's face looked a little ugly.

Chen Changliu observed Wu Bo's expression and laughed:

"Brother Bo, are you thinking that what I'm going to say next is to kick you out and not cash out your equity, right?"

Wu Bo was stunned, then smiled awkwardly. He didn't know what Chen Changliu was up to.

Chen Changliu didn't intend to hide it from him, and said directly:

"Brother Bo, I plan to fulfill my promise."

"Ah..."

Wu Bo was shocked beyond words. What was going on? I've always seen bosses shirking and delaying the cashing out of equity, but I've never seen anyone cash out equity before the three-year term is up, or even before the one-year term is up?

"Brother Bo, don't be surprised. I'm not the kind of person who will burn bridges after crossing them, but there may be some changes."

Hearing what Chen Changliu said, Wu Bo became nervous again.

"Brother Bo, I plan to expand the business layout of our flower-growing family. Of course, it is not convenient to tell you now, so a lot of funds are needed.

I plan to inject 150 million yuan into the flower-growing family, so before that, your equity issue must be resolved first.

I have drawn up a plan, take a look."

After saying that, he handed a document directly to Wu Bo. Wu Bo was shocked by the information that Chen Changliu injected 150 million yuan into the flower-growing family.

After Chen Changliu's parents came last time, everyone knew that their young and over-the-top boss did not make a fortune from his family, which made Chen Changliu an idol for everyone in the company.

After all, people who started from scratch are the objects of everyone's admiration in this era.

Wu Bo opened the document and read it carefully.

It is clearly written in the document that Chen Changliu invested 150 million yuan, and after the investment, he gave Wu Bo 2% of the shares of Zhonghuajia Technology Co., Ltd.

At the same time, it is stipulated that if he must sell his shares after leaving Zhonghuajia, Chen Changliu has the right of first refusal.

There are also some restrictive clauses, such as Chen Changliu also put some contents of the non-competition agreement on it.

After reading it, Wu Bo looked at Chen Changliu with a complicated expression, and finally smiled.

"Mr. Chen, even if you don't kick me out of Zhonghuajia now, you will find various reasons to kick me out before the three-year term expires.

Who knew that you would give me the shares now, although it is 2% after the investment, but I am satisfied."

Listening to Wu Bo's words, Chen Changliu smiled, he stood up, and then stretched out his hand to Wu Bo.

When their hands were together, they both laughed out loud.

After Wu Bo went out, Chen Changliu walked to the window, looked at the blue sky outside the window, and smiled.

He really thought about whether to cash out Wu Bo's equity. After all, the speed of the development of the Flower Planting Family was beyond his own expectations. He didn't know what it would become in three years.

The 5% equity at that time was not a small number. Could he fight against his greedy human nature?

He didn't dare to gamble. He didn't want to turn himself into someone he didn't know. So, he chose to cut the Gordian knot and use this capital injection to solve it directly.

He could accept giving Wu Bo 2% of the shares, which was also reasonable.

The rapid growth of Flower Planting Family was inseparable from Wu Bo, the chief technical engineer. It was the technical team led by him that supported Flower Planting Family in the early stage.

However, he also knew that after Wu Bo got the equity, the impact on the company's management would definitely appear.

PS: The typos were updated first and then corrected.

PS: The typos were updated first and then corrected.