My fintech empire.

Chapter 1265 [The time to go out to sea is getting ripe]

Many senior industry professionals almost unanimously agree that the MIX products launched by Xingyu Technology are at least five to ten years ahead of the head-mounted display terminals on the market. Such a technological gap is desperate for similar competing products.

If the starting price of Xingyu Technology's MIX headset terminal is very expensive, for example, the starting price per unit is 30,000 or 50,000 yuan, it can also offset a lot of pressure for other competing products, because such a price means that the sales volume of MIX will not be very high, and it would be great if it can sell hundreds of thousands of sets.

If the price doesn’t come down, it will definitely be a niche product.

However, Qin Feng set the starting price of MIX at a ridiculous price of less than 10,000 yuan, which made countless people in the industry call it impossible. Compared with the product itself, this price is simply too cheap, and what is even more outrageous is that there is still profit!

You should know that a high-end smartphone now costs seven or eight thousand yuan.

When Qin Feng just announced the price, many senior people in the industry thought that Xingyu Technology wanted to avoid making a profit or even lose money to boost sales and capture market share. As a result, he personally said at the press conference that MIX could still make a profit at this price.

Not only is there profit, but the profit is around 15% to 20%. So, conservatively estimated, the net profit margin should be around 6% to 8%, right?

Industry insiders know what this means, which means that if necessary, MIX can even reduce its price. In 2017, the performance of this product would still be very competitive even if it were to increase its price by 20%, let alone reduce its price. Its peers would not be able to compete with it, let alone reduce its price again.

The related companies in this industry have personally felt the pressure from Xingyu Technology, which is quite powerless. The sudden emergence of MIX has made many VR headset manufacturers say that they can't play it at all.

As for MIX's series of innovative technologies and interactive experiences that are ahead of their time, we don't know how to catch up or where to start, and we can't even compete in terms of cost-effectiveness.

In the future, in the field of head-mounted display terminals, there will only be Xingyu Technology's MIX series and others, and the products of other peer manufacturers can only be classified into the "others" option.

……

At the same time, the SGX on the capital market side was still open for trading, and the intraday trading screen of Xingyu Technology showed that the share price had not fluctuated at 23.15 yuan, because the stock had already reached its upper limit more than half an hour ago, and this price was the upper limit price.

The market value of Xingyu Technology has also reached a historical high of 63729 billion yuan. The market value of 6.37 trillion yuan is equivalent to more than 9300 billion US dollars, and it is just around the corner to break through the trillion-dollar market value.

The capital market now generally agrees that the first company in human history with a market value of more than one trillion US dollars will be created by Xingyu Technology. This trend is already clear at the moment. The launch of MIX will definitely bring Xingyu Technology to a market value of one trillion US dollars.

And in the long run, Xingyu Technology, which is listed on the SGX, has great potential to become the first company in the history of A-shares to have a market value of over 10 trillion yuan.

Today, not only the stock price of Xingyu Technology staged a soaring trend, but also those companies that were linked to the MIX conference, such as Matrix Quantum, Yixin Video, Game Box and other companies listed on the SGX, all saw varying degrees of increases, and the bottom was also a medium-sized positive line.

These companies are not small-cap stocks, each of them is a big one. In the market where the elephants are dancing and those super large-cap stocks are dancing together and moving upward, the New Securities 50 Index cannot be suppressed at all and is soaring all the way.

When the press conference just started and MIX was unveiled for the first time, the market expected the release of STAR5 to fail, causing the share price of Xingyu Technology to plunge, which also dragged down the overall trend of the New Securities 50 Index, which once broke through 2200 points and fell to 2188.98 points.

But as the press conference progressed and people began to utter their first "Wow" at MIX, the stock price of Xingyu Technology in the capital market also turned from weak to strong during the day, and then continued to rise until it hit the daily limit.

The New Securities 50 Index also fluctuated upward almost at the same time, regaining 2200 points, and at this moment it once again reached the 2300 point mark in one breath.

As of the closing, the SGX 50 Index rose by 4.50% to 2321.30 points with a long positive line with large volume. The total turnover of the SGX for the whole day was 4029 billion, breaking the 4000 billion turnover mark again, and the volume increased by 1243 billion compared with the previous trading day.

With today's epic long positive line, the New Securities 50 Index only needs 2409.15 percentage points to break through its historical top of 3.78 points.

Three trading days ago, the New Securities 50 Index once broke through the 2100 point mark, falling to a low of 2097.81 points. The decline from the historical top was close to 13 percentage points.

Now it has only taken four consecutive positive days to rise from the bottom of 2097.81 points, and has already created a range increase of +10.65%.

At this moment, many investors are regretting not buying the dip when the SGX 50 Index broke through the 2100 point mark. Those who left the market there were so angry that they slapped their thighs. There may never be such a great opportunity to buy the dip in the future. This market will set new highs after every deep correction, at least it has been like this since the SGX opened.

In fact, many investment institutions have confirmed that 2097.81 points is the historical bottom of the Xinzheng 50 Index. It is impossible for it to fall back to this position after this rise. Not to mention the future development expectations of companies such as Xingyu Technology, they have determined that it will not fall back based on another basis alone.

That was the Weibo post that Fang Hongfa had sent before. They vaguely remembered a sentence in that article: Make way for the second phase of the funding pool, and the second phase of the funding pool will also make way for the subsequent third phase.

This shows that the Wealth Foundation will continue to take over and will continue to promote the "savings relocation" plan in the future. Just based on this point, it will be difficult for the SGX 50 Index to fall back. In addition, the SGX market is supported by core assets such as Xingyu Technology and Matrix Quantum, high-quality high-tech and high value-added profit companies, which makes it even more impossible.

……

Two days later, Fang Hong came to the headquarters of Xingyu Technology to meet with the company's head.

"Now the time is gradually maturing, and we can consider exporting our products. Going global is another important development strategy for Xingyu Technology in the next five years. This is also a response to and in line with the country's strategy of continuously increasing its opening up to the outside world. We must be aware of this and stand firm and not let down." Fang Hong looked at Qin Feng and said.

It has been nearly ten years since Xingyu Technology was founded. Over the years, the company has focused on the Greater China market and has never considered overseas international markets.

But times have changed. It is inevitable for Xingyu Technology to go overseas and it cannot stay in the Greater China market forever.

Qin Feng thought for a moment and then said, "Come to think of it, I have also been paying attention to the reports on MIX in European and American media these days. Guess what? There is almost no news, let alone any huge response. It is very different from the situation in China. Some technology bloggers on the foreign Internet who discussed MIX were restricted or even deleted."

Fang Hong smiled when he heard this, and then said calmly: "I have also noticed that the discussion about MIX is very hot in China, but it is not popular on the international Internet. This is why I say that the time to go overseas is ripe. To a certain extent, this is also a very obvious signal."

……

(End of this chapter)