Chapter 74 Let Capital Work (Part 1)
Li Xianyun did not plan to fight against it all by himself, but he definitely wanted to take the big head.
After thinking about it, Li Xianyun said: "Yisheng Media invested 10 billion yuan, valued it with a valuation of 40 billion yuan, raised 8 billion yuan, and released 20% of its equity. This is part of the head office, and the subsidiary calculates it separately."
Four hundred billion? So cheap?
Compared with the future of holographic equipment, this price is ridiculously cheap, and Miao Hui and the others are ready to value it for hundreds of billions of dollars.
Miao Hui and others looked at each other, and Miao Hui asked, "How to calculate the core parts?"
When they were counting suppliers, they did not count the core components produced by Chaoshen Technology itself, but the price of this part could be set in advance.
Li Xianyun said: "Twenty-hundred thousand meters of gold."
Hold!
If you do this, it will cost 1.7 million meters of gold.
Miao Hui frowned: "That's about a few optical parts."
Li Xianyun's face was a bit erect and said seriously: "It's not that simple, there are also many core designs."
I believe you, you just want to make some money from your R&D company, but this is normal.
"What about the problems with overseas subsidiaries?" Lan Chaoyang asked.
It is also a problem for the head office to use its subsidiary to transfer interests. Although Li Xianyun does not cheat investors, he still needs to ask clearly.
"The head office automatically owns 33% of the shares of overseas subsidiaries, and the rest is owned by Yisheng Media. The plan is to separate production and sales. The head office sells the equipment to the subsidiaries, and the subsidiaries are responsible for overseas sales. The sale price is about the same as the two-year lease price, and is limited to 10,000 sets of markets."
Miao Hui said: "Isn't that the head office only makes money selling goods, and the subsidiary is the big profit? And it only sells 10,000 units?"
Are you planning this together?
When Li Xianyun did this, he basically had a complete disconnect between research and development, production, and sales, and even limited quantities.
The biggest advantage of doing this is that the entry threshold is low and it is also easy to control.
No wonder it is only worth 40 billion.
But Li Xianyun doesn't cheat others, he will explain everything clearly, and you can calculate it yourself.
At this moment, Li Xianyun said: "It's not that only 10,000 sets are sold, but 10,000 sets are the market. The equipment always needs to be updated. There is also the profits of the head office, which depends on the cost compression. The production cost of 1.5 million meters of gold is only an estimate. I feel that there is room for compression, and the profit will definitely increase. Moreover, the head office also owns one-third of the shares of the subsidiary. The subsidiary will have to issue an external offering in the future, so it must release its equity. Because it is sold to the subsidiary, the subsidiary needs funds, otherwise we will not be able to open the market so that it will not be so easy for us to open the market. My plan is actually very simple, which is to issue an external offering to the subsidiary and let shareholders help us complete the sales."
So that's the case, no wonder Li Xianyun said that he had other ideas about sales issues.
That's right, only by binding everyone's interests can things be done.
Li Xianyun continued: "Of course I can understand your ideas, so I promise three things. First, I will put half of the funds obtained by selling equity into the subsidiary. As the company's operating expenses, the shares will be sold for 49 points. So in fact, Yisheng Media only owns half of the value of the remaining shares, and in terms of actual holdings, you and me will add up to 51% of the head office's holdings in the subsidiary. Second, all the patents are placed directly in our newly established head office, but
Only for holographic cinema equipment, other derivative use rights are not included. In this way, a two-way clamp is formed. Without these patents, my R&D company cannot produce it on its own, and its subsidiary cannot exist alone. If you think it is suitable, the subsidiary can continue to invest in shares, but I do not recommend this. The core purpose of our release of equity is to allow foreigners to serve us, quickly open up the market, protect the market, rather than raise funds. Finally, if the transaction fails, equity can be repurchased."
After hearing what Li Xianyun said, everyone felt much more relieved.
Chaoshen Technology has mastered the core parts, and the new company has exclusive patent rights, and at the same time, it is necessary to jointly hold shares to achieve absolute control of its subsidiary. In this way, everyone must have a joint benefit.
Miao Hui and his friends invest in the head office, which is equivalent to the benefits of both upstream and downstream. Calculated based on the future leasing of 10,000 units, the annual income of the subsidiary alone will not be less than 5 billion meters of gold, and 33% of the subsidiary's shares will be 1.5 billion, which is converted to nearly 10 billion yuan in a year. In addition, the head office will still have profits in selling equipment to the subsidiary, and the annual income is expected to be no less than 12 billion yuan.
Thinking about it this way, a valuation of 40 billion is indeed not expensive. Of course, the premise is that you can sell 10,000 units - then on the other hand, a limited number of 10,000 units is not a problem that you need to be dissatisfied with.
I suddenly felt acceptable.
The reason why they feel acceptable is that they think it is not easy to rent 10,000 units at this price.
After all, Miao Hui and the others are not film and television people and do not understand film and television.
They only know that 3D screens cannot dominate the market, 2D screens are still the most, and the large imax screen is only 1,000 yuan in 20 years. This thing is more expensive than imax, and 10,000 yuan is the limit.
But they mistakenly applied this standard.
First of all, they don’t know that the way of renting holographic cinemas is only possible but not selling, especially without screens, which makes the transformation cost low, resulting in a lower entry threshold!
Secondly, the development of technology may not be eliminated at low ends, but may be mid-range.
Holographic movies are unlikely to eliminate 2D screens, but they can basically eliminate 3D. This is because 3D is also a three-dimensional image, and holographic is also a three-dimensional image. The three-dimensional image effect of holographic is swaying 3D, and the entry threshold is low, so in homogeneous comparison, holographic can almost replace 3D in full.
So how many screens are there in 3D?
So far, about 70,000 yuan worldwide.
On the contrary, 2d is not easy to replace, because 2d has the characteristics of 2d, with a lower threshold and a higher artistic quality.
Advanced machines replace low-level machines, but they will not replace manual labor in a complete way, because the latter gradually develops into a work of art.
That's it in 2d!
No matter how popular holographic movies are, they can be retained in 2D, but it is difficult to retain in 3D.
Therefore, the potential of holographic is to replace 3D in a comprehensive way. Miao Hui is not professional in this regard, otherwise he would never have accepted a market limit of 10,000 yuan.
Finally, they don’t understand the future film market. The original world alone has developed to tens of thousands of domestic theaters, which is different from the original world. However, Li Xianyun has already seen that at most it is lagging behind and will develop to tens of thousands of domestic stores in the future.
The huge market size needs to be grabbed, so this expectation cannot be put away, so you can lock in the upper limit and sell equity at a low price to facilitate everyone to invest at this stage to the greatest extent - to grab time.
As for the holographic theater equipment only, it can be understood. Holographic technology is derived from infinite, so it is impossible to just give it to them like this. However, with Li Xianyun's temperament, it must be a pleasant cooperation this time, so we can continue to deepen cooperation in the future.
Of course, this does not mean that they will not be able to negotiate terms, and they will definitely discuss it later.
Although the four major funds are not used as angel wheels, this kind of product is no longer a risky product when technology is completed, and in a sense it cannot be considered an angel wheels.
The real angel wheel is holding a ppt, and before you can even turn your horoscopes on your investment.
Li Xianyun completed the technical research and development by himself and officially started it. Considering the future market, just calculating patents is worth this price, and it is definitely a care for friends.
To put it bluntly, the biggest advantage of working with Li Xianyun is that it has small risks, and the biggest disadvantage is that the upper limit is that it is low - this guy has always guaranteed you and capped you, ensuring that you make money, and not allowing you to make crazy.
A true bighead.
Lan Chaoyang asked: "It's not that easy for Yisheng Media to take out 10 billion, right? After all, you still have theme park planning. I think it's worth 40 billion, and our four companies will earn 40% of the money."
Big funds are awesome, and they are just billions of dollars.
Anyway, it's not your own money.
Li Xianyun said calmly: "Yisheng Media does need funds, but in fact I plan to borrow 50 billion this time."
What?
Everyone was confused.
Lan Chaoyang said that it would not be easy for Yisheng Media to get 10 billion, but he actually knew that theme parks could not cost so much money.
But Li Xianyun is now lying to borrow 50 billion?
When did you have such a big funding gap?
Or Miao Hui knows Li Xianyun: "Do you have any big plans?"
Li Xianyun nodded: "Hengtai."
Hold!
Everyone cursed in their hearts.
Li Xianyun, you are really awesome. Even Hengtai wants to eat it?
Hengtai is now just like the Huayou of the past, but it is hundreds of times larger in size.
But Yisheng Media is not the Yisheng Media of the past.
Miao Hui said: "Do you want to eat Hengtai?"
"To be precise, you should first eat upstream businessmen." Li Xianyun talked about his general plan.
After hearing Li Xianyun’s plan, Miao Hui and the others understood.
Are you waiting for us here?
In the past six months, Jiang Zheng has already figured out the situation in Hengtai Jiangcheng.
Hengtai Real Estate Jiangcheng Development Company has about 12 billion assets here, and the liabilities are as high as 11 billion.
But this does not mean that they can pay off their debts easily. The assets themselves have floating value. Under a large number of stock and debt disputes, all assets will be sold, and it will be worth 70 to 80 billion. Then there are a bunch of creditors who snatch them.
For Li Xianyun, it is not difficult to eat this part, but the difficulty is a lot of disputes and disputes.
In this matter, companies that are good at capital operations need to help solve it.
What are the four capital tycoons doing here?
Work for me, otherwise why should I give you shares?
Chapter completed!