I am farming in the real world

Chapter 202: The Stock Market's Wealth-Creating Miracle, the Soaring Zotye!

This series of positive news not only stimulated the nerves of those participating in the conference, but also caused a sensation in the originally enthusiastic A-share market.

Since the village chief's meeting at the end of September, the daily trading volume of several hundred billion yuan in the A-share market has risen again.

After the intensive information bombardment of the seven-day National Day holiday, the momentum of turning from bear to bull began to become prominent.

On the first day of trading after the holiday, the entire A-share market's trading volume exceeded 2 trillion yuan.

More than 4,000 stocks in the city rose, causing the old shareholders (leeks) to exclaim: "The bull is back! Hurry back!" while also allowing the emotions in the market to ferment in various ways.

Stock investors, hot money, and institutions have all entered the market to find high-quality, low-priced stocks to speculate on.

Stocks such as Yinzhijie, Shuangcheng Pharmaceutical, Changshan Beiming, Chuanfa Longmang, and Qingdao Jinwang have taken off like bull horns, ushering in exaggerated gains of 10% or even 20% per day.

Hundreds of billions or trillions of funds are circulating inside, playing the game of passing the buck, which has also caused the market to frequently explode with major positive news of 3x or 5x stocks.

As soon as Zotye Auto announced its suspension for restructuring, the entire A-share market boiled over!

"Damn! It's directly suspended today!"

"Can't buy in!"

"The brothers inside are about to take off, so envious!" Stock commentary barrages were all over the screen.

Because the original total market value of Zotye Auto was only over 10 billion yuan.

After Magic Cube Group announced the restructuring of Zotye, it directly issued a targeted increase to 20 billion yuan, and the net asset value per share was returned to 1.

This is equivalent to the original shareholders inside temporarily keeping the total value of their stocks unchanged, but the number of shares will increase as the original 1.48 yuan/share is adjusted to 1 yuan/share.

In addition, the entire A-share market was red across the board, and everyone was looking for positive news to speculate on.

In recent days, newly listed stocks have seen gains of dozens or even hundreds of times on the first day after opening, so you can imagine how happy the old Zotye shareholders inside are.

So, when the suspension for restructuring ended, 000980 Zotye Auto began to repackage and list again under the name of Magic Cube Auto.

The soaring positive line and the high opening price of 12.62 yuan/share directly stunned the shareholders squatting inside!

"Holy crap, holy crap, holy crap!"

"The opening increase is 1100%!"

"This is too heaven-defying! It's directly a 10x demon stock at the opening!"

"Directly on a rocket to outer space (take off)"

"Those who cut their losses and ran away before the National Day are crying in the toilet (wah wah crying)"

Although the A-share market implements the T+1 trading rule, which restricts non-ChiNext stocks to a daily fluctuation of 10%, the first day of restructuring and listing is the same as a new stock, and there are no restrictions on price increases or decreases.

This opening directly pushed the market value of Magic Cube Auto, which was originally 20 billion yuan, to more than 200 billion yuan, which also stunned a group of hot money and institutions squatting outside the market.

Of course, the recent crazy bull market performance of A-shares is full of hype for restructuring stocks and new stocks, and there are even cases of soaring hundreds of times at the opening.

If Magic Cube Auto's market value wasn't too high, an 11-fold increase would only be considered mediocre among the recent demon stocks.

However, this sudden surge in stock prices also allowed Wang Han, Zheng Bocheng, and other Wenzhou wealthy second generations who invested in the angel round to taste the sweetness.

Even if the original shares of the angel round cannot be cashed out within one year after listing, they can be pledged to the bank for realization according to the current market value.

This is financial asset, and the loan approval is faster than real estate mortgage.

Looking at the pocket money they squeezed out of their New Year's red envelopes, which has soared so much in just a few months, a group of Wenzhou wealthy second generations are all grateful for their decision at the time. Fortunately, they blindly followed the investment at the beginning, otherwise they would have missed this opportunity to get rich overnight.

People like Wang Han, who invested a lot, directly earned half a year's worth of operating income of tens of billions of yuan for the Juneyao Group.

Those who invested less, like Zheng Bocheng, have transformed from a playboy rich second generation with tens of millions of assets into a billionaire who can make decisions with his old man at home.

This car hasn't even started to be built yet, and the share assets in the hands of this group of people have expanded by more than 10 times!

What other investment is faster than playing with finance?

......

Of course, the stock market situation of Zotye Auto being restructured through a backdoor listing, and the story of creating a dozen new billionaires after listing, is already a scene several months after the suspension.

On October 8th, after the shareholders' meeting, Chen Jue personally led a team to station in Zotye Auto to carry out follow-up finishing work.

In addition to replacing all the original management and transferring personnel from Magic Cube Group to core positions, and promoting Ying Ren, the founder of Zotye, to CEO to be responsible for the maintenance of the Zotye brand.

Chen Jue also very humbly asked Ying Ren for his experience and ideas in Zotye's car manufacturing.

Don't look at Ying Ren's previous mismanagement, which led to the bankruptcy of the Zotye brand.

But he is still a veteran car manufacturer who started his business at the same time as Li Shufu of Geely and Brother Chuanfu of BYD, and he can be said to have very deep experience in car manufacturing.

Re-appointing him, in addition to appeasing the grassroots employees of Zotye Auto, is also Chen Jue's consideration due to the lack of manpower around him.

If you want to enter the automotive industry, having an industry expert like Ying Ren to lead the way can save a lot of detours.

Of course, Ying Ren naturally did not refuse Chen Jue's personnel appointment.

After the founder was emptied by the board of directors, he only kept a small portion of Zotye's shares. In Ying Ren's eyes, Zotye's interests were already very indifferent.

At his age when he is about to retire, in addition to wanting to see Zotye, a brand he created with his own hands, shine again, he also can't bear to see his hard work go to waste.

So, after the meeting, Ying Ren confided in Chen Jue privately: "President Chen, I don't know what the brand positioning of our Magic Cube Auto will be in the future? Will it take the mid-to-high-end market, or will it take the people-friendly route like Zotye used to?"

Chen Jue led the team to inspect the Zotye factory while answering: "Magic Cube Auto will take the high-end route, and in the early stage, it can learn from Huawei Cyrus's development model. But Zotye is different! My brand positioning for it is to build the most cost-effective car like Xiaomi mobile phone!"

"Xiaomi? The highest cost performance?" Ying Ren muttered twice.

Chen Jue smiled slightly: "Brother Ying, have you forgotten the slogan that our Zotye was rumored by netizens in the past? If you want to drive the cheapest supercar, you still have to rely on Zotye's skin ruler department!"

As soon as this remark came out, the Zotye employees present blushed.

Including Ying Ren, his face also showed a hint of intention after listening: "Okay! The positioning of cost performance does fit Zotye's route!"

However, if you want to realize a joke from that year, the current Zotye still has a lot of roads to go.

In addition to adjusting the business philosophy, the old production lines in the factory must be dismantled and replaced, including the restart of recruitment in factories across the country, as well as the arrears of cooperative dealers, 4S stores, and suppliers, which are all urgent problems to be solved.

After all, compared with the first-tier domestic car-making forces, such as BYD, Geely, and Chery, Zotye has fallen too far behind the automotive circle during the 8 years of bankruptcy and restructuring.

Fortunately, Chen Jue's arrival injected new vitality into the entire Zotye.

So, after brainwashing Zotye's 2,300 employees with his positioning concept, Chen Jue issued three work instructions in a row.

First of all, Magic Cube Group, as the parent company, will inject more than 10 billion yuan into Zotye in installments over the next year to solve the previous debt of 4.2 billion yuan owed to the bank, so that Zotye can unload the debt burden and start lightly. The extra part will be invested in model research and development and business expansion.

For a mature car company, an annual investment of 10 billion yuan can only be considered a small amount.

However, with Zotye's current holding of more than 100,000 vehicles and an average annual sales volume of less than 500 vehicles, this capital injection scale can be said to be quite large.

As for the second point, the Cube Technology, a subsidiary of Magic Cube Group, will assume the functions of the main supplier for Zotye.

In Chen Jue's vision, Cube Technology can provide all the mechanical parts or raw materials needed for car manufacturing in the future, such as machine tool production lines, industrial mechanical arms, including body frames, chassis parts, engines, and so on.

Even in the form of blood transfusion, providing 'zero' cost!

When Zotye starts to make a profit one day, these raw material supplies will return to normal market conditions.

After learning about these two great positive news, Ying Ren and a group of Zotye veterans who persevered were almost crying!

This is not a capital speculator who came in to seize the family property with strong funds, but clearly the re-creators of Zotye.

"President Chen, don't worry, with the strong support of the parent company, Zotye Auto guarantees to achieve profitability in the next year!" Ying Ren took a group of veterans and patted his chest to guarantee.

Seeing this, Chen Jue also said the ugly words first: "If you can't make achievements with such favorable support conditions, then Zotye, this sub-brand, should die and be buried. The parent company will not tolerate the sub-company raising idlers."

After all, before promising these two support conditions, Chen Jue also sent a large number of his own people to strictly prevent corruption from happening again within Zotye.

For this kind of old enterprise, you must use heavy punches if you want to restructure and rebuild it.

As for the third point, it was also Chen Jue's inspiration after becoming the big boss behind Zotye, and he mischievously arranged a publicity campaign for Zotye's return to the whole vehicle track with the group's marketing department.

......

Wu Xiaodong is a small employee of a foreign trade company in Yiwu. What he likes most after get off work every day is to drive his Zotye T700 around.

Find friends to fish by the river, or get some beer and barbecue at the food stalls.

Although being a Zotye owner brings strange looks wherever I go, my T700 hasn't had any major issues in the seven or eight years I've owned it. At most, I've changed the tires and done some minor maintenance. As a result, Wu Xiaodong has naturally become a die-hard Zotye fan.

He even joined the local Zotye car owners' group, occasionally chiming in, hoping that Zotye would one day make a comeback, allowing all the car owners in the group to drive affordable domestically produced luxury cars.

However, after a few years, the group became increasingly deserted, and the Zotye 4S stores around him closed down one after another under the impact of the new car manufacturing forces.

Just when Wu Xiaodong thought that the pride of the local car company in Jinhua would sink into oblivion, the car owners' group suddenly became lively today because of a forwarded video from Zotye's official website!

The number of messages even changed from the usual few every few days to the 999+ that only occurred when the 'Porsche SR9' was first launched.

This made Wu Xiaodong a little surprised.

He hurriedly clicked into the group and saw a short video posted by the group owner, which was currently playing a Chinese beaver with the Zotye Z logo on its head, addressing the camera: "I've waited three years, just for a chance."

"I want to fight for some pride, not to prove how amazing I am."

"I just want to prove that I must take back what I have lost!"