"Damn, why is the stock suspended? Lao Zheng, how much did you buy?"

At Cathay Pacific's Lujiazui branch in Shanghai, Yan Jianmin threw his mouse, looking quite angry.

Zheng Huai, who was standing next to him, took a look at the securities account and pouted, "Only over 700,000."

"With my total, it's less than 200 million. What can I do with 1 shares?"

Yan Jianmin was helpless, but seeing that Hikvision shares had been suspended for the second time in the past month, he had no choice.

The first time was at the end of June, when Li Zehua, with Qingyun Investment as the holding entity, jointly invested 6 billion yuan with 2 companies including Chichime, Fengniao Group, Yunyunbang, Pinxixi×12, and SF Chuxing.

It has been half a month since we jointly invested in Hikvision, holding a 40% stake, and waited for approval from the State-owned Assets Supervision and Administration Commission, Zhejiang Province, Qiantang, and the National Electronics Technology Group.

On the day of resumption of trading, Hikvision’s stock price hit the daily limit and continued to hit the daily limit for the next two days.

Because in the history of A-shares, there has never been a strange thing that the actual controller of a company changed within one month of its listing.

Especially when it comes to a heavyweight state-owned enterprise like the China Electronics Technology Group Corporation, the rare event of transferring controlling rights to a private enterprise has attracted strong attention from a large number of investors.

Unfortunately, to everyone's disappointment, after Qingyun Group took over Hikvision, it did not stir up a storm immediately, but after a period of silence, chose to keep everything as usual.

As reflected in the stock price, after the daily limit was lifted, it continued to fall for several trading days.

Yan Jianmin and Zheng Huai didn't pay attention to this matter at first. Recently, they both have been speculating in futures. As the international cotton prices continued to soar, the two inevitably followed the footsteps of Qingyun Investment.

It is unlucky to be a frequent long-term trader at the Zhengzhou Futures Exchange. Everyone knows that cotton prices are rising, and many retail investors open long orders with their eyes closed hoping to make money.

The tradable market is a zero-sum game. After retail investors form a bullish trend, who will make the money?
Institutions are not stupid. Even institutions including Qingyun Group, all started to lock their positions tacitly, and then unanimously established short positions. No matter what happened outside, they would harvest these retail investors first.

Throughout the middle and early July, cotton prices fell so drastically that both retail investors who had made profits before and new entrants were all crying for their loved ones.

Go long and be harvested by institutions.

Short selling will still result in being harvested by institutions.

Because the entry of retail investors is almost open to everyone, your position data, remaining chips, take profit and stop loss are all clearly seen by others, and the pigs have to be slaughtered when they are fattened.

Just the right amount, neither more nor less, to keep the price within your margin call range, forcing retail investors to cut their losses and leave the market, and then enter the market again when they think short selling is profitable.

Institutions cunningly followed the international cotton price and started to push it up. The whole July was a roller coaster ride, with cotton prices falling from 1.7 to 1.6, and then rising again to 1.75.

Yan Jianmin and Zheng Huai were cleared out during this process because they could not withstand the drastic fluctuations. Fortunately, the losses were not much, just a few million, which was pocket money for them.

Fortunately, they didn’t know that what they lost was what Qingyun Investment earned, otherwise they would have blamed Li Zehua.

Unable to continue playing futures, the two ran back to continue trading stocks. After some analysis, they set their sights on Hikvision, not for any other reason, but because Qingyun had made a big move in a certain industry.

They definitely came with a special purpose. Based on their understanding of Li Zehua, it is impossible for this to end so easily.

With this idea in mind, even though the current share price of Hikvision was over 100, the two people chose to buy in without hesitation. Then, within a few minutes, the stock was suddenly suspended again...

"Uncle Yan, does this count as insider trading?"

When Li Zehua received the call, he didn't know whether to laugh or cry, "For more than a million dollars, you specially called to ask for news."

Yan Jianmin chuckled, "That's not the case. I'm just asking. It would be great if you have inside information, but it doesn't matter if you don't. The main thing is that you've been suspending trading every day, which is very unfriendly to us investors."

After joking around, they got down to business. "I just saw Luo Guicheng, that guy. He's no longer working in the sales department. How come he came to your company to invest?

I just asked him and he said he was here to look for Chu Wensheng."

"Luo Guicheng, when did this person join the company?"

Li Zehua was stunned for a moment, then he remembered that this was the account manager and general manager of Cathay Pacific's Lujiazui Business Department.

I remember that when I was just reborn, I made my first pot of gold by getting capital allocation from Cathay Pacific. I have a deep impression of it.

He happened to be in Qiantang, attending a Hikvision board meeting with Yao Xiangjun. During a lunch break, he asked casually.

The latter was not very clear either, and he asked the assistant for information before he figured it out, “According to your instructions, all the staff in the department that executes the fixed investment will be fired. This person was hired through an open interview.

Chairman, if you know him, do you want to assign him a more important position? "

"No need. Just put him on the reserve list. If he has the ability, he will be promoted naturally."

He added: "According to the results of the discussion this morning, you and Guo Xinyi should discuss finding two senior executives who understand technology from Qingyun Electronics and arrange them in R&D management positions.

I will assign a vice president of finance and a director of auditing, and you will serve as a director of Hikvision on my behalf. You don’t have to worry about the specific operations, and you just need to supervise them to spend money on technology research and development.”

Yao Xiangjun said "oh", and then asked curiously, "Chairman, are facial recognition, fingerprint recognition, and the heat generation problem caused by long-term video recording and photography that important?"

The morning meeting mainly addressed Hikvision's future research and development direction. Qingyun has a strong say in this key strategy because it is the company's controlling shareholder.

As they are the largest consumers of Hikvision products in the future, and they make suggestions from the demand side, Hikvision’s current management cannot ignore them.

"Then you'll have to ask Director Chen."

Looking at Chen Zhongnian who came over, Li Zehua smiled, repeated the question, and asked, "In fact, the surveillance and security market is not limited to surveillance cameras themselves.

The basic materials derived from this, such as voice-controlled noise reduction, image processing, face recognition, and even wide-angle shooting and real-time monitoring technologies, have a wide range of application scenarios.

For example, Qingyun Electronics' smartphones and Dajiang Technology's drone sports photography technology development can all be linked to Hikvision."

Chen Zhongnian thought about it and called Hu Yangzhong over to consult the latter for his professional insights in this regard.

Hu Yangzhong said without hesitation: "With the current technology, I am afraid there is no way to solve it. The usage scenarios of surveillance, mobile phone cameras, and drone cameras are different.

It is just like taking photos with a mobile phone, where what you pursue is the ultimate shooting effect, and there are requirements for resolution and other aspects, but surveillance is different, the screen and camera are used 24 hours a day.

Once the power is too large, it is easy to overheat and cause malfunctions. In serious cases, it may even cause a fire and affect the product reputation.

Besides, surveillance cameras don’t need such high configuration, right? Consumers may not buy it because the cost is unacceptable.”

"I will solve the market problems. Don't be afraid of losses. Hikvision can't always make low-end products, right?

There has always been a market demand for surveillance and security products priced above RMB 100,000. As long as we focus on technological research and development and industrial chain construction, we will sooner or later be able to break through technological limitations and enter the high-end market.

Of course, there are many problems that need to be solved and the investment is not small. So let’s bring in BOE and Qingyun Power Technology, and the five companies can work together to build a unified R&D system.

Don't hide anything, show off your best skills, and share the benefits of scientific research results according to the proportion of each investment.

The main focus is high-definition display technology. Don't underestimate this. Once you have done it well, you can use it in Douyin interactive entertainment in the future, and you can make a lot of money just by collecting patent fees.

Another thing is to solve the problem of high-power overheating and fire. This is particularly important. Here I can conclude in advance that the power of mobile phone chips will only become more and more powerful in the future.

In pursuit of ultimate performance, heat dissipation and high temperature resistant materials are of utmost importance. Add batteries, and you can see that all five companies’ products use these materials, right? "

Li Zehua's purpose of investing in Hikvision is not only to solve the actual needs of the group, but also to integrate Hikvision into the Qingyun system and play a more important role.

For example, batteries for small portable surveillance video equipment can be provided by Qingyun Power Technology.

BOE can provide surveillance screens, and the OEM business of producing surveillance and security products can be undertaken by Zhaoxu Electronics and BYD Electronics.

Even 24-hour monitoring, facial recognition, and image processing technologies can be applied to smartphones and drones.

High-definition video display technology can be used in WeChat Technology's video calls, and when 4G networks begin to be widely promoted, Douyin Interactive Entertainment can also use it. He said all this, and Lu Fei, the general manager of Dajiang Technology, happened to be there. He came over and asked curiously, "I can understand all this, but Mr. Li, can you explain it a little bit.

What does it mean for surveillance and drone photography to have a beauty feature that comes with skin smoothing and brightening technology? "

"Prepared for women, who doesn't like to have more beautiful photos taken of themselves!"

Li Zehua explained with a smile, and then changed the subject: "There is no shortcut to materials in a series of technical cooperation, including batteries, software, materials, camera technology, information analysis and processing.

You can only be ruthless and spend money to create a future.

Camera technology is currently the weakest, and we need everyone to work together to make some progress. We can’t let key technologies be held back by foreign manufacturers, right?”

Lu Fei took the opportunity to complain, "Mr. Li, Hikvision is a listed company, and the market sales channels of its own products are clear enough. You spent 200 billion to buy shares, and now you proposed to issue 20% of the shares, 1.2 million shares.

Internal shareholders raised over 60 billion yuan in financing for technology research and development.

Dajiang Technology is your wholly-owned subsidiary, so you can’t be partial to one over the other. Give us some money, not much, just one or eight billion dollars will do.”

"You still have the nerve to mention it?"

Li Zehua sneered, "It's been half a year since we threw in $7000 million, and now we see there's still $ million left in the account. Will you spend the money?"

When the others heard this, they felt jealous. Are there any bosses in this world who complain that their subordinates spend money slowly?

Then Lu Fei explained: "It's not our fault. Mr. Wang said that the power battery is supported by Qingyun Power Technology, and the special materials, mechanical control, and hovering are all developed by ourselves.

There is no need to rely on competitors to achieve technological breakthroughs. With the money, it is better to hire people to do it yourself. It is much faster than negotiating technology licensing from outside and is not difficult at all.

For example, Googol Technology used the money to expand its scientific research laboratory, and its output is much faster than before, but the speed at which it spends money is not as fast as the speed at which it makes money.

Since we received orders from Qingyun Agriculture and the Five Military Governor's Office, plus orders from the civilian drone market, we have no worries about sales, but we spend more money on material research and development.

Otherwise, the funds in the account would be at least five times more.”

Li Zehua hadn't paid attention to this, but he was curious when he heard it. "Then what do you do with the money?"

"To buy camera technology, this costs too much, Dajiang's family can't afford it, otherwise why would I come to Qiantang?"

Lu Fei spread his hands and looked at everyone's faces, especially Chen Zhongnian, who was frightened and waved his hands to refuse, "Don't look at me, Hikvision doesn't need technology with tens of millions of pixels."

Are you kidding? For a popular surveillance camera, one or two million pixels are enough. Who would dare to use an expensive camera with tens of millions of pixels?

It's too luxurious. In order to have a clearer display, a lot of hardware and software need to be upgraded. The cost of products that originally cost thousands of yuan can easily increase several times. If consumers can't accept it, there will be no market for it.

Without sales, it is useless no matter how good the product is.

“It will be used sooner or later. Just like what Director Li mentioned this morning, in the high-end surveillance market, a surveillance system for a villa alone costs millions.

Not to mention that there are so many scientific research units and key units with a high level of confidentiality, such as vaults, printing factories, etc., and the project cost tens of millions to negotiate for one place.

There are still six doors. The high-definition surveillance market given by the traffic control department should be able to make several billion a year. How can you say there is no demand? "

Lu Fei spoke without hesitation. As the person who had personally gone to Huaqiangbei to promote drones during the difficult period of Dajiang Technology, he used extremely persuasive words to gradually pry open Chen Zhongnian's defenses.

After recognizing the reality, Gong Hongjia quickly put himself in the right position, because Qingyun had placed too many orders and the economic benefits involved were enough to make up for all the losses.

Now he stood beside Li Zehua and asked in a low voice: "Mr. Li, what do you think?"

"Just a little more."

Li Zehua nodded, "The Six Gates and the traffic control department only have the demand for snapshots at key areas and highway intersections, which will not be less than billions every year. The key now is...

How to solve the heat dissipation problem? If the materials are not up to standard, even if we buy the camera technology, you won’t be able to use it.”

Lu Fei was not convinced. “It will take time to negotiate with Leica, Fuji, Nikon, Hasselblad and other manufacturers. Maybe the basic material research will be successful by then.”

He then went up to Gong Hongjia and tried to persuade him to join him in purchasing it.

As for Yao Xiangjun, he only has to pay the money, so it doesn’t matter whether he says anything or not.

"Fortunately, Guo Xinyi and Zeng Yumin didn't come, otherwise he would have pestered us to pay together."

Li Zehua laughed and said, "No wonder he said $7000 million was not enough. According to his plan, adding a zero to the end might not be enough to complete the plan."

It doesn't matter. As long as we can buy back the camera technology, it doesn't matter even if it is one generation behind. Because with the current size of Qingyun Group, as long as we are willing to spend money, we will definitely catch up with the mainstream technology.

"I now understand a little bit about what you said in public about the industrial chain advantage."

Gong Hongjia was really impressed. During this month, he watched Li Zehua put together an order worth billions simply by using the group's internal resources.

"There are more than 30 food delivery couriers and millions of logistics and courier drivers. Every person and every vehicle must be equipped with surveillance cameras, plus government orders from Shanghai, Guangdong, Hunan, Sichuan, Anhui, Jiangsu and other places.

Hikvision's performance in the second half of the year will probably usher in an unprecedented growth explosion."

"Where is this?"

Li Zehua shook his head, spread his fingers and explained to him: "Don't forget, the country has already pointed out the direction of development for us, that is, the hundreds of millions of migrant workers for the country's urbanization construction.

This group of people actually have strong spending power, but we haven’t found the right way to guide their spending yet.

The group should take the initiative to seek change and actively intervene in this market. For example, a smartphone priced at a few hundred yuan can communicate with surveillance cameras through internal software to achieve real-time information transmission.

As long as simple image and sound communication can be achieved, hundreds of millions of young and middle-aged people working away from home can see their elderly parents and left-behind children thousands of miles away. How big do you think the market is?
With the addition of facial recognition to the surveillance, consumers can manage the system in the background through their smartphones, and then connect to the remote alarm devices of the six doors, thus combining the two aspects of family affection and safety.

I bet sales will explode.

If you can sell the product at a few hundred yuan, I will let Qingyun Electronics and Pinxixi purchase a batch together and sell it to rural areas at a discount through promotions.

Let technology change our lives and become a reality, at least there will be a huge market of hundreds of millions of surveillance devices. "

"A few hundred dollars?"

Gong Hongjia stopped talking. The price was too low and there would be no money to be made if he just managed to do it.

"You think it's too low? It doesn't matter. I can ask Pinxixi and Qingyun Electronics to contribute a portion to ensure your gross profit."

Li Zehua doesn't care about the money at all. WeChat Technology will pay for it anyway. Just think about it, if this operating system is tied to WeChat.

A real demand has been created out of thin air to organically connect hundreds of millions of migrant workers with their families. Those who can afford it can buy smartphones to start video calls, while those who don't can communicate through surveillance.

Qingyun Group has all the elements to realize this plan.

Sales channels and consumer markets are readily available.

There are Qingyun Agriculture and Pinxixi e-commerce rooted in rural areas, there are Chidu.com, Fengniao, and Pinxixi Local Life in urban areas, and there are tens of millions of high-quality consumers in university towns.

Software technology is no longer a problem, and the hardware is supported by Qingyun Electronics, Hikvision, and Roewe Electronics, which is about to be launched.

The most important thing is the sponsorship support given by Qingyun Group to Liushenmen every year. The two parties maintain a good cooperative relationship, even though the conflict with Liu Feng of Sichuan Province's Hanhuang Group has caused some opinions from the higher-ups.

It is also impossible to stop the Six Gates in various places from pursuing practical interests. Each province easily provides public sponsorship of tens of millions every month, which is something that no one else can do.

Therefore, when the Six Sects launched the Skynet Project, Qingyun Group won the bid and began to actively promote the implementation of this project across the country in the form of semi-sponsorship. (End of this chapter)