Chapter 332 Fermentation
Chapter 332 Fermentation
The group that was celebrating by drinking and celebrating did not pay attention to NetQin's stock price throughout the whole process, but by the close of the market at 5 a.m., it had fallen to a level that made everyone satisfied when they woke up the next day.
Before the Mountain Peak attack, the market value was 4.19 million US dollars. This figure dropped to 1.51 million US dollars overnight, evaporating 64%!
And it continued to fall after the market closed.
Also affected was the American battery company A123, whose stock price had fallen from US$3 at the beginning of the year to US$0.78 due to a series of product events this year. The research report by Guo Shanfeng had an immediate impact on the stock price, with the drop on that day being as high as 41%.
What's worse is that after the stock market closed, A123 not only did not refute the mountain, but instead announced a large-scale recall. The recall was initiated because the prismatic batteries produced at the Michigan factory had the risk of electrolyte leakage. The direct losses amounted to US$5160 million, and an inventory impairment provision of US$1520 million was required.
A123's stock price has hit a new low this year, with a market value of less than 2700 million US dollars. Government loans have been stopped, production capacity has continued to decline, major customers have shifted suppliers, and the financial crisis has deepened... It seems to be on the verge of bankruptcy.
The financial status of listed companies is relatively transparent. According to the quick assessment given by a third-party agency, the funds in the battery company's account are likely to be only enough to support operations for a few months.
Also affected is Fisker Electric Vehicle Company, which was used as a typical case in the Shanfeng Research Report.
Its headquarters in Anaheim, California, was enthusiastically visited by reporters, but unlike A123, which responded with only four words: no comment.
However, it can remain silent to the media. As one of A123's main customers, Fisker must give an explanation to users who have already purchased the car due to the battery issue.
That kind of explanation obviously wouldn't be too wonderful.
After waking up, Yu Xing simply glanced at the stock price and then started thinking about Fisker.
He also made an appointment with Xiong, Xu and Zhang to visit Lingang today, but before leaving, he called Liu Jiankai, who was suspected to be a lackey of Guan Shanfeng, hoping that this person would help him make a trip to Anaheim, USA.
Liu Jiankai met with his boss yesterday, but he never expected to be assigned such a job today. He asked in surprise: "Is it so sudden? Mr. Yu, Fisker, it..."
"Guo Shanfeng has a great influence. Even a project like mine that is not related to the company has been questioned by investors. I think that a company like Fisker that has been named by Guo Shanfeng must have a harder time." Yu Xing started to think, "But it is not a PPT-style company. It has really created something. The founder used to be the North American design director of BMW and the global design director of Ford. It has achieved some results over the years."
Liu Jiankai felt that Mr. Yu had a very flexible mind. Fisker was attacked just yesterday, and he was already ordering him to take action today.
After thinking for a few seconds, he asked, "Even if it is named by Guo Shanfeng, it may not sell its technology and results. It is likely to tighten its belt and try to get through the difficulties."
"Well, but we are crossing the river by feeling our way through the research report. The problems faced by this company are quite serious. I think it is very likely to go bankrupt. So, what I mean is that you take people to take a look and have a chat with it first. If there is really an opportunity later, then we will sign up first." Yu Xing said with a smile.
Liu Jiankai listened to his boss's words, thought for a moment and then said, "Mr. Yu, if Fisker goes bankrupt, can we buy it? Since it has already sold some cars, it is still a new energy vehicle project with a high degree of completion."
Yu Xing denied it without hesitation: "No, first, even if it is bankrupt, it will cost a lot of money to buy it. Second, there is little point in buying it. If Carbon Silicon Group wants to succeed, it must combine technology, supply chain and capital operation. Buying a bankrupt company across the ocean will have a negative effect."
He continued to give advance preparations: "Mr. Liu, let me make a list for you. You take the list to the 'Fisker Supermarket' and see if the items on the shelves are for sale. In addition to the technical aspects, I will also make a list of engineers for you. You can help me dig there."
"Ah? Uh, okay." Liu Jiankai responded in surprise.
Yu Xing smiled and said, "Thank you for your hard work, Mr. Liu. I have thought about this matter over and over again, and I think it still depends on you, a key member, to lead the team." Key member Liu said a few polite words and ended the call.
He put down his phone. He didn't expect that he would have to travel abroad again soon, but... Mr. Yu was very generous, so this would definitely involve subsidies or bonuses.
There is no other way. I am just a brick in Mr. Yu's hand and I can move it wherever it is needed.
Liu Jiankai thought that the list from his boss would take two days to arrive, but he received an email from Mr. Yu at noon. He couldn't help but sigh in his heart, Mr. Yu's efficiency...
No wonder they can run such a big stall.
The devil is in the details.
While Liu Jiankai was adjusting his work plan and arranging the handover of his current tasks, he also paid attention to the movements of the American company.
What he didn't expect was that, despite no public response and no measures to face customers, news of the resignation of two Fisker vice presidents soon appeared on Facebook.
"It won't really go bankrupt, will it? It can really become a supermarket."
Liu Jiankai felt that the direction of events was quite interesting.
Two days later, the temporarily formed overseas procurement team rushed to Shanghai Airport, and before boarding the plane, Liu Jiankai saw again the impact that Guo Shanfeng had on his boss.
NetQin still hasn't admitted to fraud, and as it happens to be the weekend, it's hard to see how its stock price moves. However, an anonymous person from 360 company accepted an interview with the media and confirmed that the market share of its peers was seriously distorted.
This brought about a round of public scrutiny and criticism of NetQin.
At the same time, the situation faced by A123 and Fisker, which were named by Guo Shanfeng this time, also attracted attention, and then the media's interest shifted to Yu Xing, who devoted himself to new energy vehicles.
The logic is actually similar to that of investors. If American companies can’t do well, how can this Carbon Silicon Group do well?
Yu Xing was interviewed over the phone and responded to the question raised by the reporter under the pretext of "someone on the Internet said" - he used to be a rose seller, how could he make a good car?
"First of all, I didn't sell roses before. If you have to say my origin, I should say that he studied medicine. How could he make a good car?"
"Secondly, this question is easy to answer. You see, BYD's CEO Wang used to work in the battery industry. Well, this is closely related to new energy. Let's take another example. There is an electric car company in the United States called Tesla. Its boss, Musk, had no relevant industry experience before investing in Tesla. He used to work in electronic payment. Also, like Chung Ju-yung, the founder of Hyundai Motor in South Korea, he made his fortune in construction, but Hyundai Motor is very successful."
"I don't think we should use this theory of origin to question the future of Carbon Silicon Group. We have now attracted many senior practitioners in the automotive industry."
"As for me personally, this question will not only not become a burden to me, but will become one of my motivations."
“I hope that Silicon Carbon Group can achieve success through its insight into technology trends, integration and development of supply chain resources, and understanding of user needs.”
The reporter asked a new question on the phone: Mr. Yu, what is the goal of Carbon Silicon Group?
Yu Xing gave his answer without hesitation: "I hope that Silicon Carbon Group can become one of the best automobile companies in the world."
(End of this chapter)