Chapter 222 Strategic cooperation, bargain hunting BYD!(1/4)
"The rain keeps falling, the wind keeps blowing, who can make wine with me and discuss the world? Thousands of arrows are fired, murderous as numb..."
Big Wang’s new ringtone last month interrupted Wang Yi’s thoughts.
It was Song Sining who called:
"Boss, you go to BYD to discuss cooperation. I checked BYD's information last night and sent it all to your email. They are in a miserable situation right now, with both Hong Kong and A-shares plummeting!"
"Okay, Sining, you did a great job!" Wang Yi said with joy: "I like your right-hand man, who thinks about what the boss wants and worries about what the boss worries about!"
"Thank you for the compliment, boss!" Song Sining muttered: "It's not that I'm afraid that someone has too many things on his mind and can't take care of them, so I can only worry more."
Wang Yi smiled: "Thank you for your hard work. I'll mark your contribution and I'll add ham to you later!"
"???" Song Sining was confused: "What ham sausage?"
"The serious kind!" Wang Yi emphasized.
"Bah!" Song Sining blushed instantly, thinking of something bad: "It's not serious, please take your time and see, I...I...I won't pay attention to you!"
"Ha ha."
After saying that, Song Sining hung up the phone, her fair cheeks turned red, and she cursed:
"This guy is getting more and more excessive. It's true!"
"But, is this the legendary dirty talk between lovers?"
"No wonder I'm not angry!"
"Hmph! Bad guy!"
Song Sining looked out the window and couldn't help but think of the books she had read, which mentioned similar words...
Dirty talk, in some special situations, saying words that are usually forbidden to say can greatly stimulate the interest of both parties... This is called the 'forbidden fruit effect'.
But if it is excessive, it will be counterproductive. Therefore, it is best to set up a safe word...
"Is this dirty talk?"
"He's only a freshman, and he already knows this?"
The more Song Sining thought about it, the more confused she became. Her face turned red. She quickly shook her head and diverted her attention...
Wang Yi opened his mailbox, printed out all the BYD information sent by Song Sining, and then went out.
As for what will happen to HM?
Wang Yi provided the opportunity. Next, it all depends on the performance of HM's arch-rival, Zara's parent company.
Wang Yi just collected the corpses.
BYD is the focus of his attention!
Afterwards, Wang Yi and Wu Shuang went straight to the airport together.
Today I am going to BYD to inspect the anti-freeze batteries that are rated at minus ten degrees Celsius!
If possible, Wang Yi would not mind investing in it.
As for the Ningde era, this time point seems to have not yet been established.
Wang Yi remembers that CATL was established at the end of 2011.
It was only launched in 2018, and its glory will be in 2020.
No matter how glorious the subsequent Ningde era was, it would be of little significance to Wang Yi now.
In 2020, that is nine years later. Wang Yi cannot keep waiting for the Ningde era.
And because of Wang Yi's appearance, there will definitely be a butterfly effect.
This time, it is hard to say whether the Ningde era will be as glorious as the previous one.
On the other hand, you can definitely take a look at the current BYD.
Wu Shuang drove the car and went straight to the airport.
Wang Yi sat in the car, took out BYD's information and flipped through it one by one.
In order to raise more funds, BYD was listed on the A-share market on June 30, 2011, with an initial stock price of 18 yuan.
Subsequently, the stock price rose all the way to more than 30, with a market value of more than 77 billion.
But by October, BYD's stock price continued to plummet, reaching only about 16 yuan, with a market value of more than 40 billion.
Compared with the peak market value, it is almost cut in half.
As for Hong Kong stocks, it is even worse.
The current stock price is only about 11 Hong Kong dollars, and the market value is more than 35 billion Hong Kong dollars.
Wang Yi burst out laughing. This price was almost the lowest price.
After all, the price Buffett paid for his stake in BYD in 2008 was HK$8 per share, and he spent a total of HK$1.8 billion.
With the current price of HK$1.1 billion, it is not a big problem for Wang Yi to invest in BYD.
As for 2012, there may be a wave of lower prices, which can drop to around 10 Hong Kong dollars.
But it has little impact.
After a short period of silence, BYD's stock price will continue to rise, from ten Hong Kong dollars to twenty, thirty, eighty, one hundred, two hundred, three hundred...
Even more than ten years later, when the global economy is in dire straits, BYD's market value is still above HK$150.
Regardless of whether you look at it in the long term or in the short term, you can buy it at the current bottom of 11 Hong Kong dollars.
As for BYD’s stock price in October, why was it so low?
Song Sining also found out everything:
The main reason is that BYD's performance and profits are sluggish, seriously lower than expected.
"BYD's 2011 mid-year report shows that the company achieved operating income of 4.5 billion yuan, a year-on-year decrease of 77%; net profit of 7.5 billion yuan, a year-on-year decrease of 63%..."
With such performance, it’s no wonder BYD doesn’t collapse.
At the same time, BYD’s current liabilities are nearly 30 billion, short-term outstanding liabilities are nearly 25 billion, and current assets are only over 20 billion!
To put it bluntly, there will be a short-term funding gap of nearly 5 billion!
With such performance and such liabilities, even with Buffett as a talisman, investors ran away...
Secondly, if performance is sluggish, layoffs will be necessary.
In August, BYD carried out large-scale layoffs on the grounds of "organizational structure" adjustments.
Front-line sales staff were laid off by 50%, and even public relations, marketing, service and other departments were laid off.
Misfortune never comes singly. In September, the news that the airbags of BYD F3 cars could not be deployed, which even led to car crashes and fatalities, was reported again by CCTV's "Weekly Quality Report".
As you can imagine, this became the last straw that crushed BYD's stock price.
As a result, BYD's Hong Kong stock price has dropped from more than 80 yuan in 2009 to 11 yuan now.
The stock price of A shares has also dropped from more than 30 yuan in July to 16 yuan now.
Both bottomed out.
But this is cheaper for Wang Yi!
The enemy is fearful, but I am greedy!
If you don’t join BYD now, when will you wait?
What's more, Xingyi mobile phones use BYD's mobile phone batteries on a large scale, which can generate a lot of revenue for BYD, which can boost BYD's annual report and performance a lot.
More importantly, the reason for BYD's current failure is unclear to others, but Wang Yi knows it.
This is exactly the diversified development strategy that BYD started last year!
BYD's current main businesses, cars and batteries, already require money to be spent on research and development. It can be said that there is a bottomless pit.
They also want to diversify their development into home appliances, solar photovoltaics, computers, and even future cloud rails...
The results can be imagined: diversified development and diversified failures.
Wang Yi was shocked when he saw this information.
In his previous life, he had never heard of BYD home appliances, BYD computers...
There is only one result, everything fails!
As for BYD's photovoltaic business, it has not been profitable in ten years.
The photovoltaic industry in the future will be too complicated.
In other industries, it is still the case that one general achieves great success but loses all his bones.
The photovoltaic industry is in bad shape, but only corpses can be seen, but no gods.
However, even so, BYD's stock has an unlimited future!
At noon, Wang Yi landed in Shenzhen City, and BYD had already arranged for pick-up personnel:
To be continued...