Chapter 371 I Want to Start Financing

It cannot be said that Chen Changliu is short-sighted. If you see that he is making more every month than a year, everyone will be jealous.

For example, the price of the Mozu Pangu series is 468. I gritted my teeth and made almost 200, and even more at 588.

Counting 360,000 units in March, sales reached 180 million, with profits reaching an astonishing 90 million.

Chen Changguo lamented that if he had not received the first pot of gold from MediaTek mobile phone wafers, he would not have made such a huge profit.

You know, in the last generation, this wafer became popular in copycat phones, and other major mobile phone manufacturers still used Texas Instruments. The price is not double that of MediaTek's wafer. That’s all.

In addition, because we have to integrate MP3, camera, etc. package solutions by ourselves, the manpower and material resources required are definitely 2 or 3 times higher than using MediaTek wafers.

In addition, most of the products sold by flower growers are directly operated by Dibao and hundreds of stores, so there is no need to share profits with channel distributors.

That's why we can sell it at such a low price and still make so much profit.

The sales of the 1588 Jade Bird reached 290 million, and the profit reached 160 million.

The sales of the Suzaku series sold for 1788 reached 220 million yuan, and the profit reached 120 million yuan.

It may seem like a lot, but it's actually within a reasonable range.

Because the wafers used in these two mobile phones are castrated versions, which are also derived from low-end wafers, the prices are not that high. The profit of one machine is more than half of the selling price.

It can be said that Chen Changliu took a trick and basically used low-end wafers to sell mid-to-high-end prices. This was in the era of feature phones, but it was impossible in the era of smart phones because of the poor performance of high, mid and low-end at that time. The gap is too big.

Of course, we can still make such profits now, but it will be difficult in the future. The price of next-generation wafers, especially mid-range wafers, will definitely not be what it is now.

If you want to maintain such profits, or even higher, you must have your own core technology and your own wafers.

For example, the high-end series of mobile phones of later generations are basically priced at 4999 and above, but before the sanctions, the 990 wafers have been decentralized to the thousand-yuan phones.

But its high-end phones also use 990. It is said that because it is self-developed and because the shipment is too large, the cost price of each wafer is only more than 200.

More than 4,000, more than 5,000, more than 6,000. The cost of wafers is only more than 200. Even if other products are more top-notch, it is normal for a mobile phone to earn more than half.

You know, Apple only owns the wafer and system of its mobile phones, and purchases the rest. But even so, its gross profit margin has reached a terrifying profit of 60%.

This is why later generations of major mobile phone manufacturers always want to attack the high-end, not only because the high-end has a strong style and improves the overall brand power, but also because the high-end phones have high-end prices, so they will make more money.

It can be said that the sales of these three mobile phones in March reached 690 million yuan, and the profits reached 370 million yuan.

Chen Changliu, who was already very excited, was even more happy when he saw the development progress and sales volume in the African market.

The pace of market expansion of flower growers has been expanded to the larger economies in Africa. It can be said that it can cover all African countries in up to 2 months.

In February, 1.09 million units were sold in Africa, and by March, it had exceeded 1.2 million units.

Although the profit from the African price is not much, it has reached 150 million in two months.

It can be said that in the past two months, it has earned 520 million from the mobile phone market.

Chen Changliu was astonished. Calculated in this way, plus the 150 million he invested last year, the company's working capital and stocking costs were worth 350 million.

Add to that the money earned from selling mobile phones, MP3 players and lead-acid batteries in the past few months, and excluding the taxes to be paid, there is still about 900 million left.

A very rich man.

Let’s put it this way, in just 2 months, the flower grower’s cash flow has become abundant.

Chen Changliu directly repaid Fengfan's money in advance.

"What do you mean, if you pay back the money in advance, your company's cash flow will be sufficient?"

Wu Feng was drinking tea and almost spit it out. That was 150 million, and someone actually paid it back in advance.

Chen Changliu looked at him with a smile and said:

"Why, you still want to eat my interest? Let me tell you, no way, the interest I give you is higher than that of a bank loan.

Huh, I'm selling a lot of mobile phones now, and the interest I earn from putting it in the bank is not enough to give to you. You only want to do good things! "

"Hahaha!"

Li Jiwei laughed loudly on the side, and Wu Feng pointed at Chen Changliu and was speechless.

After the fun, Wu Feng suddenly said:

"Changliu, Jiwei, I want to start financing. Someone told me that she can make Fengfan Technology listed within 2 years."

Chen Changliu and Li Jiwei were startled and a little surprised. This was something they had never thought of before.

Li Jiwei said nothing, but Chen Changliu thought about it and said:

"Are you sure you can put the sail on the market within 2 years?"

Wu Feng nodded and said:

"That's what she said. The company made a lot of profits last year. As long as it can maintain profitability in the next two years, it has a great chance of going public. She said that the market value will definitely exceed 20 billion once it goes public. The temptation is too great!"

Hearing this, Chen Changliu remained calm, but he sneered at it in his heart.

Haha, I'm kidding. I really think that three consecutive years of profitability and good data can push an electric bicycle company to go public.

If he remembered correctly, the earliest electric bicycle company to go public in the previous life was not successfully listed until 2016.

You should know that those companies in the later generations have already become the giants in the industry early on. Even if Fengfan has been developing rapidly for two years, its sales volume cannot reach the sales volume of those companies that were struggling to go public in the past few years.

People familiar with the electric vehicle industry know that the former boss Emma had more hardships in going public than Tang Seng went to the West to obtain Buddhist scriptures.

As a means of transportation for nearly 300 million people in China, electric bicycles have been born for more than 20 years before Chen Changliu was reborn. Only 4 companies in the electric vehicle industry have successfully gone public.

1 is listed overseas, 1 is listed in Hong Kong stocks, and only 2 are listed in A shares. Moreover, the stocks of these 4 listed companies are basically the same as those of retired old men, without any waves.

This is a very strange phenomenon in China, and it also reflects that the many obstacles that this industry faces in going public are extremely difficult to overcome!

PS: The typos will be updated first and corrected later.