My Age of Investment Chapter 1503

Chapter 1503 The conscience is broken

The executives of Conscience Holding Group and its subsidiaries respectfully welcomed Xia Jingxing and his party into the company.

In just a few short steps, everyone tried their best to express themselves in front of the new boss, hoping to leave a good impression on President Xia.

A few years ago, Xia Jingxing had a bad relationship with the business godfather, and then caused a series of confrontations and conflicts. For example, Mu Zhixin used the resources of the Conscience Holdings Group to block the long-term startup companies operating in the mainland, and the group of Conscience Holdings in front of them. Senior executives, one is counted as one, all of them are Mu Zhixin's accomplices and accomplices.

Although they were only obeying the orders given by Mu Zhixin, they were not the real initiators, but it was hard to guarantee that Xia Jingxing would not hold grudges and attribute them to Mu Zhixin's remaining party and cleaned them up together.

Therefore, these people are relatively pessimistic about their future prospects.

After all, for a company as big as Conscience Holding Group, Xia Jingxing was new to him, and he still needed a few leading parties.

In fact, since the conscience holding group experienced the personnel turmoil last year, the direct cadres under Mu Zhixin were almost wiped out.

When the news of Fuxing Industrial Group's official acquisition of Conscience Holdings Group came, a large number of executives who were lucky enough to escape last year's major case, but were afraid of being liquidated by Xia Jingxing, voluntarily submitted their resignation reports.

is still sticking to his post, waiting for Xia Jingxing to bring someone to take over the company's executives, basically not much involved with Mu Zhixin.

But it is unrealistic to say that they have absolutely nothing to do with Mu Zhixin and have never had an intersection.

Mu Zhixin has been in charge of the conscience company for more than 20 years, with a lot of disciples and grandchildren, and his influence has already penetrated into every corner of the company.

Therefore, it is impossible and impossible for Xia Jingxing to take control of Conscience Holdings Group as soon as possible.

However, this does not mean that he will reuse these conscientious people who plan to take refuge. Who knows if they really have conscience?

Deng Yuanjun received Xia Jingxing's order and has been preparing to take over the conscience holding group since last year. He not only keeps an eye on various changes in the company, but also conducts in-depth investigations on more than a dozen current executives.

Leaving aside whether these people can still be used, the biggest investigation by Deng Yuanjun's team found that the internal problems of Conscience Holdings Group are very serious, including many problems such as rigid corporate mechanism and deviation of corporate culture.

Although Huake Holdings has sent people to rectify it once in the last year, that rectification has not fundamentally solved the various shortcomings within the Conscience Holdings Group.

In other words, Xia Jingxing's successful takeover of this company is only the first step, and there is still a lot of work to be done. Such a company dedicated to technological innovation.

Li Guangnan, as a banner of the predecessor of Conscience Holding Group, has been expelled by Mu Zhixin for more than ten years, and his influence on the current Conscience Holding Group has been minimal. Young employees and grassroots employees who have entered the new century may not know this. A "chief worker".

However, Li Guangnan's luck in this life is much better than in the previous life. Since he was hired by Xia Jingxing with a high salary as a consultant, this "crazy old man" rides an old bicycle and travels to and from Wudaokou every day, shouting "Chip~Chip~" "I changed my body and became a "trumpeter" who sounded the horn of China's scientific and technological attack.

Fuxing Cloud, Fuxing Mobile, Fuxing AI and many other scientific and technological products at press conferences and symposiums at home and abroad, you can often see Li Guangnan talking eloquently.

College students from hundreds of key colleges and universities in various provinces and cities across the country are even more familiar with this old man, because this old man like Santa Claus brings gifts to the school every year to give speeches, and distributes them on the spot to outstanding students who correctly answer his questions. A small gift, a latest revival phone or tablet.

Seeing that the old man and the team he led were talking cutting-edge and cutting-edge, and for the sake of small gifts, students from various colleges and universities welcomed the old man as a guest, and every speech was packed.

The old man is also a benefactor, and he got what he wanted. While participating in China's scientific and technological progress led by Fuxing Industry, he promoted his theory of "serving the country with science and technology" to college students.

Every year, under the influence of the old man, thousands of students choose to join technology companies such as Fuxing Industry and Domestic Holdings, or sign up and successfully pass the selection of the Envision Entrepreneurship Incubator to start their own business.

It can be said that with the support of Xia Jingxing's money and resources, the old man's name has spread all over the country, and is loved by countless students on the university campus.

Ten years of research and development, no one asked, and became famous all over the world.

Li Guangnan should feel this way, but he has not forgotten his original intentions because of the growth of fame, and still lives in a rented house in Wudaokou, and he does not keep a cent of the millions of consulting fees provided by Fuxing Industry every year to him. The entirety of it was donated to a small scholarship.

This is not the first time that the old man has regarded money as dung. He spent 80,000 US dollars to buy equipment and bring it back to China and donate it to the Institute of Computing Technology of the Chinese Academy of Sciences. The research and development of Hanka won the first prize of the National Science and Technology Progress Award. He was rewarded with a bonus of 500,000 yuan, all of which was donated by him to the graduate school under the Chinese Academy of Sciences to purchase equipment, establish electronic classrooms, and supplement the scholarships established by Conscience Corporation in colleges and universities. When Mu Zhixin fired him and deprived him of his equity He once offered to give him 5 million hush money, but he did not ask for a cent of the money.

As the times change, the old man's skills and vision may not be suitable for the new era, but his integrity and dedication are still very admirable, so Xia Jingxing decided to offer him up and help the old man realize his dream.

Now the old man's last wish, Xia Jingxing is about to help him fulfill it.

He intends to invite the old man back to the conscience company without any important positions. Even if it is just a spiritual symbol to reshape the corporate culture of the conscience company, it is also excellent.

The biggest problem of conscience companies in the past ten years or even now is that there are too many flies and dogs, which leads to the wrong way. The company increases its revenue but does not increase its profits. A group of shareholders and executives have a lot of money, but what about the employees below? When a monk hits the clock for a day, no matter how good or bad the company is, it does not affect the wages of the bottom-level employees among the technology peers.

This kind of sullen behavior can not be quickly reversed by cleaning up Mu Zhixin and his group, and it needs to give the conscience company a powerful medicine!

So, just after the group of people sat down in the conference room, Xia Jingxing started to prescribe the medicine.

"It turns out that the various strategies formulated by the Conscience Holdings Group in the past have failed and are no longer applicable in today's era.

From today onwards, Conscience Holdings Group must make major changes. "

Hearing this, a group of senior executives of Conscience Holding Group felt a deep chill in their hearts. When Xia Jingxing's sharp eyes swept over, no one dared to look at him, and no one dared to raise any objection.

Xia Jingxing smiled slightly, then cast a look at Lin Bing, who understood and said solemnly, "First of all, Fuxing Industrial Group will repurchase the 35% equity held by the Employee Stock Ownership Association, and complete the 100% equity interest in Conscience Holding Group. holding."

Several conscience holding groups look at me and I look at you, but no one has come forward to express their opinions for a long time.

Seeing this, Xia Jingxing smiled and said, "You don't need to panic, this is just to facilitate the better development of Conscience Holdings Group, because only with a unified voice can everyone be tied together."

I think you want to completely annex the Conscience Holding Group, right?

There are senior executives of the Conscience Group who are slandering them in their hearts, but they dare not say it clearly.

Xia Jingxing motioned to Lin Bing to continue saying that they did not come to discuss with these conscientious people today, but to issue a notice.

Cooperate if you know what you are interested in, if you don't know how to lift it, get out!

Lin Bing continued: "Of course, for this part of the equity, we will also give a fair and just price, which will not be lower than the price of Conscience Holdings Group's listing on the Beijing Stock Exchange."

Hearing this, the executives of Conscience Holding Group felt a little better.

Lin Bing looked at the group of people, and said, "The ideological work on the staff side still needs to be done by you. This matter cannot be delayed and needs to be completed as soon as possible, so that we can carry out the next step."

Finally, a senior executive of Conscience Holding Group couldn't hold back and asked, "Mr. Lin, will Conscience Holding Group become a member of Fuxing Industrial Group?"

Hearing this, others also turned their attention to Lin Bing. They all felt that Fuxing Industry was too domineering, and they were completely driven by an order.

"Won't!"

Lin Bing's tone was flat, and after glancing at Xia Jingxing, he continued: "Fuxing Industry has only one holding company, and that is Fuxing Industry Holdings. The strength of Conscience Holding Group is not enough to form a sub-group on its own."

These words were a bit poignant, and made all the conscientious people present feel quite humiliated.

Obviously, they humiliated too early, because more humiliation is still to come.

"Our next plan is arranged in this way. After wholly controlling the Conscience Holding Group, we will further acquire the four major subsidiaries wholly.

For example, the conscience group was privatized and delisted from the Hong Kong stock market, and changed its name to conscience technology, with its main business focusing on computers and mobile phones.

In addition, Conscience Technology will be included in Fuxing Consumer Electronics Group and become one of the core subsidiaries of the latter. "

Several senior executives of Consciousness Holding gave Xia Jingxing a complicated look, thinking that it was to make Consciousness Holdings a subsidiary of Fuxing Holdings, but it turned out that they thought too much, their son could not be the son, and he only deserved to be the grandson company!

Lin Bing's mouth was like a barrage of cannons, and he continued to fire up big moves: "Rongke Zhidi merged into Shunchi Real Estate, and the two companies merged and reorganized into Fuxing Land.

Fuxing Land will no longer engage in private real estate market development in the future, and all land will only be used for the construction of self-use employee quarters, office buildings and technology parks, as well as the operation and management of its own properties under Fuxing Industrial Group. "

You conscience holding executives swallowed their saliva, Rongke Zhidi was also finished, and even the status of Sun Company was not obtained, and it directly became a part of Fuxing Land, or more precisely, a property company.

Lin Bing continued to introduce his own plan for fear of being angry, and continued to introduce his own plan: "Because Fuxing Industrial already has a 100 billion-scale Fuxing Industrial Investment Fund, it has overlapping functions with Legend Capital and Hony Capital, and the investment directions of the three funds are not the same. Same.

So we decided to sell Legend Capital and Hony Capital to Vision Capital, the strategic partner of Fuxing Industrial Group. "

A bunch of conscience holding group executives can no longer sit still, this is to dismember the entire conscience holding group!

To really implement this plan, it doesn't matter if the Conscience Holdings Group disappears, the key is that they still have their positions?

Thinking of this, someone immediately asked: "Mr. Lin, is this plan too radical? And it greatly weakens the brand value of Conscience?"

Lin Bing smiled lightly. This is the split plan he and President Xia have painstakingly researched. Is it radical? What a joke!

Only by smashing all the bottles and cans of Conscience Holdings, can the brand "Conscience" be redeemed and return to the main business of technology.

Whatever real estate and finance are involved, it will only distract the company's energy and lower the brand's competitiveness. The reason why the conscience has come to this day is that it is bad in this diversification.

Seeing that Lin Bing was silent, another executive from Conscience Holdings immediately stood up to help: "Mr. Lin, think again, Hony Capital has an asset management scale of over 30 billion yuan and is one of the largest PE funds in China, so I just gave up. Isn't it a pity?"

Lin Bing smiled and said: "It's not a pity, because we have a fund of 100 billion yuan, and now more than two-thirds of the funds have not been invested. Why do you have so many funds in your hand? Why don't you exchange some money to inject capital into your conscience? Technology is cost-effective.”

A group of senior executives of Conscience Holding Group were at a loss for words. Fuxing Industry was too strong, and the fund directly started with 100 billion yuan. In comparison, Hony Capital's asset management scale is more like a joke.

"What about Legend Capital? This institution can invest in the early stage, and it is a powerful supplement to the investment stage of Fuxing Industrial Investment!" Someone immediately asked reluctantly.

Lin Bing sighed slightly in his heart, if there was no Vision Capital, Legend Capital could be retained, but who made Mr. Xia's family great, many of its investment brands were about to fight, so they had to be integrated.

"Legendary Capital is a market-oriented VC fund, and Fuxing Industrial Investment is a CVC corporate venture capital fund. They focus on different investment directions, so it is still the same sentence, focus on the main business, and do deep and thorough!"

Hearing these words, several senior executives of Conscience Holding Group felt like they were eating, and they already had the intention to retire.

Originally, they stayed to bet on whether Xia Jingxing would let them go. As a result, this master is worthy of being a ruthless capitalist. He is determined to tear down the conscience holding group, so what's the point of them staying?

Xia Jingxing looked at everyone present with a smile, and saw everyone's expressions and reactions in his eyes.

He had already summed up that the Conscience Holding Group had to be broken up so that this company could truly integrate into the rejuvenation industry system.

The revenue of Fuxing Consumer Electronics Group has already surpassed that of the Conscience Group, and the profit is even more than that of the assembly computer company Bajiaojie. What qualifications does the Conscience Group have to be juxtaposed with the Fuxing Consumer Electronics?

Dismantle the core computer and mobile phone businesses and put them into Fuxing Consumer Electronics Group, firstly to make up for the lack of computer business layout, secondly to complete the matrix layout of high, medium and low mobile phone business, and thirdly to make Fuxing Consumer Electronics Bringing a conscientious computer and a conscientious mobile phone can be described as a lot of benefits.

It's not that he was trying to vent his personal anger, but from a practical point of view, because only if the Conscience Holding Group is completely shattered can it be able to build a stronger foundation.

Lin Bing glanced at several senior executives of the Conscience Holdings Group whose faces had turned blue, and said lightly: "Don't feel humiliated, since the Conscience Group was selected for the first time in the world's top 500 in 2008, it has been out of the list for two consecutive years. .

And Fuxing Consumer Electronics Group, which entered the world's top 500 for the first time this year, ranked 480th with a revenue of 119.79 billion yuan (equivalent to US$17.69 billion).

Both the revenue figures and the ranking figures must surpass the 16.8 billion US dollars in revenue and the 499th ranking set by the Conscience Group in 2008.

Because the "Fortune" magazine counted the revenue in fiscal year 2009, the leap-forward revenue achieved by the tablet PC and Fuxing FX3, which we just listed this year, was not included in the statistics.

When the top 500 list is announced next year, we are confident that we will enter the top 400 and catch up with the chrysanthemum factory that entered the list for the first time this year, but its revenue has reached 21.821 billion US dollars, ranking 397th.

If we add the revenue of conscience computers and mobile phones, next year we will be able to surpass Ping An Group, the No. 1 non-state-owned enterprise in mainland China. Their revenue this year is 22.374 billion US dollars. The gap between Fuxing Consumer Electronics and them is only less than 5 billion US dollars. .

You must know that Fuxing Consumer Electronics Group is only one of the seven sub-groups and business groups of Fuxing Industry, and each of the other six has the potential to hit the world's top 500. "

A group of senior executives of Conscience Holding Group nodded slightly, and Lin Bing's words made their minds slightly clearer.

Fuxing Consumer Electronics Group is not just the tip of the iceberg of the giant Fuxing Industrial Group. It is more appropriate to describe it as half of the country.

They are all people who have studied Fuxing Industrial Group in depth, and generally know how strong the energy of this Big Mac is.

In addition to the three business groups of cloud and intelligence, aerospace, and new energy, which are relatively lagging behind, Fuxing Zhijia, Fuxing Semiconductor, and Fuxing Automobile, three companies that have been upgraded to subgroups, have reached tens of billions or even tens of billions of sales. The degree of development of income.

Especially Fuxing Zhijia and Fuxing Automobile, the sales of products are very high, and the revenue figures are also growing rapidly, but the profit is very thin, and it may not be one tenth of Fuxing Consumer Electronics Group.

However, these two companies are still very promising to hit the Fortune Global 500, especially Fuxing Zhijia, which is already very close to the threshold of the Fortune Global 500, that is, about 115 billion in revenue.

Rejuvenation Semiconductor is far behind. The revenue of the core subsidiary Huaxin International can reach 10 billion yuan. Even with several other subsidiaries, there is still a distance from 20 billion in revenue.

As for the other three business groups, the revenue figures are even worse. Most of them, such as the new energy business group, are still struggling to climb on the order of billions. The automotive power battery and photovoltaic businesses are still developing and accumulating energy. ; The few are as cloud and wisdom, aerospace business group, the revenue is only a few hundred million, less than a fraction of the R&D investment.

This is the development status of Fuxing Industrial Group. The development is extremely uneven. It is very similar to Fuxing Consumer Electronics Group, which is also a thriving mobile phone.

For example, Fuxing Consumer Electronics Group is a sharp blade held by Fuxing Industry, and Fuxing Mobile is the tip of the knife.

This is also the case. Fuxing Mobile has almost propped up the entire brand of Fuxing Industry.

Lin Bing turned his eyes around several people and asked, "How do you guys think about the plan we proposed? The Fuxing Industrial platform is very big, so you don't need to focus on conscience brands and Fuxing consumer electronics."

Several senior executives of Conscience Holding Group understood it. This is to remind them that the stage of rejuvenation industry is very big. As long as they do well, the executives of various subsidiaries, sub-groups and business groups can move and promote each other.

The few people looked at each other, not feeling the humiliation as strong as before. After all, the business world also respects strength, and Fuxing Industry is the style of China's No. 1 private enterprise. Being able to join a company of this level is a blessing to any professional manager. Not humiliating.

"No problem, we will resolutely obey the arrangement of the headquarters!" Several people answered in unison.

Lin Bing turned his head to look at Xia Jingxing, who nodded slightly, several senior executives of Conscience Holding Group were quite acquainted, if he couldn't grasp the situation and kept bargaining here, he would have to use a knife.

Now that a few people are willing to obey the arrangement unconditionally, he can also quickly complete the comprehensive merger and acquisition of Conscience Holding Group and the following four subsidiaries, as well as the subsequent splitting work, with the help of these few people.

A few old consciences have passed the test for the time being. After observation and observation, they can be absorbed into Fuxing Industry's system as soon as they are used. If they cannot adapt to Fuxing Industry's management system and corporate culture, then the use time will end here.

Thinking of this, Xia Jingxing glanced at Xie Yun, who was sitting beside him. This person was also an old man with a conscience. He used to be with Guo Wei. After Guo Wei ran away, Xia Jingxing promoted him to be the president of China Digital.

After a few years, Xie Yun performed well and won the trust of Xia Jingxing.

The other party led the company to open many Fuxing mobile phone stores across the country, which strongly supported the construction of Fuxing mobile phone offline sales channels.

Facts have proved that people with conscience are not unusable.

As long as he is talented, how can Xia Jingxing stick to his family opinion? After all, this is a modern business society, not an ancient feudal society, and no one would foolishly pledge allegiance to a person on the "Underworld" list.

That's right, Mu Zhixin has officially entered the list at this time, and the crime is position embezzlement.

At this moment, Li Guangnan, who had not spoken the whole time, suddenly turned his head to look at Xia Jingxing, nodded slightly, and gave the latter a smile, obviously satisfied with Xia Jingxing's arrangement, Xia Jingxing also nodded slightly in greeting.

At this point, there were many of the five young marshals who used to be called Conscience, and the five major companies behind them, namely Conscience Group, Huaxia Digital, Rongke Zhidi, Legend Capital and Hony Capital, all of them were sorted out by Xia Jingxing.

I believe that conscience computers and conscience mobile phones, which are completely de-realized, de-financialized, and fully integrated into the rejuvenated industrial system, can break out of the cocoon into a butterfly and usher in a new life.

Research and develop technology purely, and use technology to drive the company's growth. Even if Intel's control over the computer CPU is still unable to break in the end, it will not become a case patent factory.

(end of this chapter)

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