My 1999

Spending time with family is always relaxing and enjoyable.

Jiang Xiaoyang, who got off work early, cooked with Xu Liang and made some of Xu Meng's favorite home-cooked dishes.

They had a great time eating and chatting in the evening.

The next day, after breakfast, Xu Meng handed a thick stack of information to her brother.

"This is the investment list and donation list of the charity fund this year."

Xu Liang took it.

Since its establishment in 2006, Xu Yongpei Charity Foundation has received a total of one donation.

Hanhua Group donated all the $51.7 billion it earned in the US capital market in 2006, which required short-term capital gains tax, to this fund.

According to US laws on charitable funds, 5% of the total amount of charitable funds needs to be donated each year.

In other words, Xu Yongpei Charity Foundation needs to donate $2.085 billion in 2007.

Anyway, charitable funds do not limit the donor country.

China and the United States can donate.

He doesn't care.

No matter how much you donate, it is much more affordable than paying 40% short-term capital gains tax directly.

Moreover, the charity fund can also maintain and increase its value through investment.

With Xu Liang's ability, the money he earns from the capital market is more than what he donates.

However, the most fundamental role of the "Xu Yongpei Charity Fund" is to move the world.

The second is to maintain and increase value and expand personal connections.

Therefore, the first investment after the establishment of the charity fund was to spend US$4.5 billion to acquire 71.5% of BOE's shares held by Hanhua.

The second was to acquire 60% of SMIC's shares for US$3.2 billion.

Then it began to acquire the shares of Fuhua Real Estate and Kelong Supermarket, two listed companies under Taihua.

And the shares of New Dream Education Group, Kanghua Food Group, Standard Chartered Bank, Unocal Resources, Veolia, Bandai, etc., all listed companies except Hongmeng.

The reason for removing Hongmeng.

Because the Hong Kong stock market only allows high-tech companies and bioengineering companies including the Internet to have the right to have different rights for the same shares.

Traditional companies still have the same rights for the same shares.

Therefore, no matter how many shares Hongmeng sells, it does not worry about losing control of the company.

But traditional companies such as Taihua, Kanghua, and Standard Chartered are different.

Therefore, it is necessary to use "own people" to hold these shares.

Xu Liang's plan is very clear, that is, to take advantage of the subprime mortgage crisis, sell as many shares as possible, and then buy at the bottom to make a fortune, and at the same time, take the opportunity to transfer the money placed in the charity fund back reasonably and legally.

In addition to shares, the "Xu Yongpei Charity Fund" is also purchasing BOE and SMIC, a total of US$20 billion in convertible bonds issued by Hanhua.

Although the qualifications of the two companies are good and they are later involved with the super-rich Xu Liang, such a huge debt still has few responses in the capital market.

Nearly 70% of the convertible bonds were bought by the charity fund.

After this round of tossing, most of the US$51.7 billion in funds have been spent in half a year.

Fortunately, Hanhua's second donation has also arrived.

US$33.9 billion.

Although the first US$51.7 billion was not received until 2006, the real big head is still the CDO bonds in early 2005.

Xu Liang took advantage of the loopholes of rating agencies including Standard \u0026 Poor's, Moody's and Fitch, and directly made the CDO bonds with a 3B rating into a 3A rating by packaging and assembling.

He joined forces with JP Morgan, Goldman Sachs and the Montes family to make hundreds of billions of dollars.

Although 20% was divided among the three parties.

The remaining 80% is still an astonishing amount of more than 80 billion US dollars.

Because the fund was not yet unblocked, the money rolled in the stock market for another two years.

With the booming US stock market in 2005 and 2006, although there was little leverage, the average annual growth rate once exceeded 20%.

After the fund was unblocked, fund investors divided half of the profits.

The remaining part was still as high as 51.7 billion US dollars.

The second 33.9 billion US dollars was also earned in 2005.

He and speculators led by Soros competed in the global gold market.

The two sides fought earth-shakingly.

In the end, because of Hurricane Katrina, Soros, who had bet everything, suffered a huge loss.

Xu Liang also made a lot of money again.

But this time it is different from CDO bonds.

The latter is mainly in the United States. Although gold speculation is mainly in the United States, it is also involved in markets with gold futures trading such as the United Kingdom, Singapore, Tokyo, and Europe.

Therefore, although the total income from this time and the subsequent secondary market is not less than the first time.

But the money donated to the charity fund has been greatly reduced.

But it doesn't matter.

The total amount of funds of 85.6 billion US dollars is already large enough.

In order to minimize the excessive interpretation caused by the large size of a single charity fund.

He also registered more than a dozen other charity funds in the name of his mother, Xu Meng, and family elders.

The multi-party spread is only a few billion US dollars.

It is not so eye-catching in an instant.

Of course, this trick can only be concealed from ordinary people, and the big guys must know it.

But Xu Liang's purpose is only to conceal ordinary people.

After all, he still has to save face.

"Next, I will let Harvest Agriculture, Taihua, Kanghua, Global, and Unocal issue a convertible bond of about 5 billion to 8 billion US dollars through Hanhua.

If you can't sell it, you can buy it through the charity fund."

Xu Liang explained.

"Got it, stinky brother."

"Don't be so frivolous, listen carefully."

Xu Liang scolded.

But the effect was obviously limited.

Although Xu Meng's pretty face was tense, the mischievous look in her eyes did not disappear at all.

Seeing it, he couldn't bear to scold her again.

"In addition to our own company, allocate 10% of the funds to US stocks.

Apple, Amazon, eBay, Google, Berkshire Hathaway, Toyota, BMW, Mercedes-Benz..."

Xu Liang casually reported more than 20 names.

He knew that his sister had an excellent memory, so he didn't worry that she couldn't remember.

"Brother, you are talking lightly. Now the shares of Apple, Google and Berkshire Hathaway in the US stock market are in short supply, and you may not be able to buy them even if you have money."

"Then buy as much as you can, and if you can't buy them, buy other companies. In a word, the investment of charitable funds should be as diversified as possible.

Even if it's superficial."

"Got it."

Put down the information.

"By the way, my parents asked me to ask you some personal questions..."

"Ouch, my stomach hurts, I need to go to the toilet."

Looking at Xu Meng who was running away, Xu Liang couldn't help shaking his head.

"Every time I ask you this, you either run away to the bathroom or have a stomachache, and you never change your tricks."

Though he thought so, he was not going to blame Xu Meng.

She was only 24 years old, and she still had enough time to enjoy life.

Archive the information Xu Meng brought.

Looked at the time, turned and left the room, called Li Jinling and Huo Gang, and drove to BOE headquarters.

Since accepting Xu Liang's investment, BOE's headquarters has moved to Future Science City.

"Mr. Xu, welcome, welcome."

Huang Dongsheng came up with the company's senior executives to greet him enthusiastically.

"Old Huang, I haven't seen you for a while. You look so happy now, and you look several years younger."

Holding Xu Liang's right hand tightly, Huang Dongsheng laughed.

"Haha, I have to thank you, Mr. Xu. If you hadn't solved the funding gap of BOE and relieved my worries, I would have been worried about my hair turning gray, not to mention how many years younger I would have been."

After chatting for a while, Huang Dongsheng led him into the building.

Knowing that Xu Liang likes to drink tea, he prepared the top Pu'er tea from southern Yunnan in advance.

"Old Huang, the tea is good."

"It was given to me by a friend. I can't bear to drink it myself. Today, you, my distinguished guest, are here, so I'll borrow your flowers to offer to the Buddha."

A perfect version of the book in 1619!

As he said that, he poured another cup for Xu Liang.

"How is the construction of the Qingzhou plant going?"

"It has just been completed and will start trial production this month."

After he completed his investment in BOE, he determined four plants.

B2 Qingzhou Plant, TFT-LCD 7th Generation Line, with a total investment of 18 billion Chinese Yuan.

B3 Luohe Plant and B4 Xuzhou Plant, also built LCD 7.5th Generation Line, with a total investment of 37 billion Chinese Yuan.

B4 Pengcheng plant, LCD 8th generation line, total investment 28 billion Chinese yuan.

In addition to the B5 Wuxi plant scheduled this year, LCD 8.5th generation line, 33 billion Chinese yuan

As of June 2009, in four years, a total investment of 120 billion Chinese yuan, nearly 20 billion US dollars, was made to build five new plants, increasing BOE's production capacity from 60,000 panels per month to 560,000 panels per month.

Becoming the world's top panel manufacturer that can compete with Samsung and LG.

Huang Dongsheng continued: "Luohe plant will not be completed until the end of this year, Xuzhou plant in the middle of 2008, Wuxi plant at the end of 2008, and Pengcheng plant in 2009."

Paused.

"Mr. Xu, I have something I hope you can agree with."

"Go ahead."

"We are increasing the research and development of AMOLED technology. With the continuous investment of funds, the progress is relatively fast. It is expected to be officially put into use in 2008.

So, I plan to change the production plan of Pengcheng Factory.

Abandon the LCD 8.5 generation line and switch to the AMOLED 5.5 generation line."

Xu Liang knew that with the popularity of smart phones, AMOLED represents the future. In his memory, Samsung has made a lot of money in the panel field with its world-leading OLED technology.

"Old Huang, are you sure you can conquer the rigid AMOLED technology in 2008?" Xu Liang said with interest.

"Sure."

"Very good. As long as you can come up with the technology, money is not a problem."

Huang Dongsheng did not relax, "According to our budget, it will cost 44 billion Chinese yuan to build an AMOLED 5.5 generation line with a monthly output of 100,000 glass panels."

Xu Liang raised his eyebrows.

44 billion Chinese yuan, according to the current US dollar exchange rate, is 6 billion US dollars, which is indeed not a small amount.

Smiled calmly.

"Old Huang, I still say the same thing. You just lead the company, develop technology, and formulate a reasonable strategic development plan. As for the money, I will take care of it."

"I feel relieved when you say that. But Mr. Xu, this money will not be completely pressed on you. We BOE can also solve part of it ourselves."

Huang Dongsheng said hurriedly.

The big boss solved most of the cost of building the factory. With BOE's own revenue, it can still solve a small part.

Xu Liang did not say anything, but asked:

"How is the market now?"

"It is still not very prosperous. Limited by the decline in sales of TVs and computers, global LCD sales this year fell 8.6% year-on-year.

Fortunately, we have the support of Kunlun Industry and we are the major shareholder of AOC Technology, otherwise life would be even more difficult. ”

As he spoke, Huang Dongsheng handed over BOE's operating data and financial statements for the two quarters of this year.

Xu Liang simply flipped through them. BOE's revenue has not changed much from the past. The profit has decreased, but it is still okay.

The only drastic change is the company's total assets.

The commissioning of the Qingzhou plant directly made BOE's total assets exceed 30 billion Chinese yuan.

Of course, total assets are not constant. The Qingzhou plant is a new plant and will enter a five-year depreciation period. The annual depreciation is about 15%, and it will be included in the group's net assets after five years.

"The Qingzhou plant will be put into production soon, and the Luohe plant will also be put into production at the end of the year. Can Kunlun and AOC Technology digest such a large production capacity?"

"Yes. AOC Technology is the world's second largest computer monitor OEM manufacturer.

CRT monitors are the world's largest with a production and sales volume of 29 million.

LCD monitors rank second in the world with a production and sales volume of 8.2 million.

Skyworth TV, a subsidiary of Kunlun Industry, is the second largest TV manufacturer in China, with annual sales of more than 6 million units.

Kunlun computers and notebooks have a total annual sales of 44 million units.

Even if all six of our factories are put into production, they can only barely meet their current production capacity, but AOC Technology and Kunlun are developing very fast.

Especially Kunlun, not to mention the computer, Kunlun mobile phone is definitely an epoch-making product. "

Speaking, Huang Dongsheng took out a Kunlun K1 mobile phone from his pocket.

His eyes were full of admiration.

"Mr. Xu, I believe that smartphones must have great potential.

If the performance is further improved, it can definitely replace all the current feature phones. "

Feature phones are still the concept that Xu Liang asked Sina, Bing and other online mouthpieces to convey, in order to raise the status of smartphones and stimulate the desire to buy of the younger generation.

Xu Liang smiled slightly, picked up the teacup on the table and took a sip.

"The performance of smartphones will definitely improve. After all, smartphones are essentially also a handheld computer.

If it is a computer, it will follow the proven effective "Moore's Law".

That is to say, in three or four years at most, you will see the era when smartphones completely replace feature phones.

By then, global smartphone sales will exceed 200 million, 300 million, or even higher.

And all mobile phones need an AMOLED screen.

You can calculate how huge this market is. ”

Huang Dongsheng’s eyes became hot.

He swallowed unconsciously.

“If we take this market, even if it is only one-third, it will be enough to make BOE a technology giant with a market value of over 100 billion US dollars.

So, Lao Huang, you have to hurry up.

Not only rigid AMOLED, but also flexible AMOLED with higher technical requirements. ”

“Mr. Xu, don’t worry.

Since the day BOE was restructured and established, R\u0026D has always been the core of the company. From beginning to end, we have never neglected it.

Now with your financial support, we are constantly increasing our R\u0026D investment.

In the first half of this year alone, we have invested 1.4 billion in this area.

In the future, as BOE’s revenue grows, R\u0026D investment will be even higher.

We will never exhaust all our resources, and we will never give up the goal of becoming the world’s number one panel company. "

Huang Dongsheng spoke passionately, his eyes were full of excitement, and he almost swears by beating his chest.

"Old Huang, don't be excited, don't be excited.

I am willing to invest in BOE and spend nearly 20 billion US dollars. Naturally, I believe in you.

What I said just now is just a reminder for you.

After speaking, Xu Liang stood up.

"Okay, I have said everything I should say. Take me to the factory for a tour."

"Please go."