sbdcsierra Chapter 282 The Highly Anticipated Quarterly Report
Chapter 282 The Highly Anticipated Quarterly Report
A week later.
"No. 4, it's settled, a 10 billion five-year loan."
Liu Hong walked into Lu Yi's office, followed by two men in formal suits.
"So fast!"
Lu Yi was a little surprised when he heard Liu Hong's words.
To know.
The loan he borrowed was 10 billion, not 1 million.
It has only been more than half a month since the meeting with Wang Tianming, the president of the Bank of Communications, and it was done in less than a month.
This speed is absolutely amazing.
Let alone 10 billion, even if it is several hundred million, the bank will go through various procedures. One or two months is considered fast, and three to five months is normal.
Whether the risk department of a bank with a loan of RMB 10 billion can produce a risk assessment report within half a month is a question.
"The Bank of Communications requires you to pledge 35% of the equity of Blue Star Electronics, 80% of the equity of Kangxing Joint Venture, and 5% of the equity of Future Group." Liu Hong said.
After he had negotiated with Wang Tianming before, he left the specific matters to Liu Hong to follow.
Therefore, Liu Hong knew the pledge conditions of the bank very clearly.
"If you agree, 1 billion will be loaned out in three days, and the remaining 9 billion will be loaned out in five installments within three months." Liu Hong added.
As soon as Liu Hong finished speaking, a middle-aged man behind him stepped forward, took out the relevant contract from his briefcase and handed it to Lu Yi, saying: "Mr. Lu, this is the specific contract, please take a look at it. .
Lu Yi took the contract and read it carefully.
The conditions proposed by the bank were within his expectations.
After reading the contract and seeing that there were no problems, Lu Yi signed his name and stamped it.
So far.
The application for a Blue Star Electronics loan has been approved.
A loan worth RMB 10 billion, even if Blue Star Electronics burns through money like water, can still burn through it in a year or two.
And Lu Yi set the time for the pinnacle mobile phone to be released before 2007.
He is very confident that as long as the pinnacle mobile phone comes out, it will definitely change the current pattern of the mobile phone market, accelerate the elimination of feature phones, and redefine what a smartphone is.
Once Pinnacle mobile phones go on sale, it will be time for Blue Star Electronics to make money.
Now that we have money, we don’t have to worry about some of the Peak Project projects stopping midway.
Some projects that were still on paper now have enough funds to get started.
everything.
It's developing in a good direction again.
The news that Bank of Communications agreed to lend RMB 10 billion to Blue Star Electronics hit the screens and aroused heated discussions among the melon-eating masses.
After all, those capital institutions that once waved their money and begged Lu Yi to accept it chose to remain silent this time, saying nothing and not even asking Lu Yi if he wanted to raise funds.
"Our own bank is very powerful. 10 billion yuan was approved in half a month~"
"Tsk, tsk, now I'm worried about whether Lu Shen has the ability to repay!"
"Haha, you are overthinking this. Now the future group is valued at at least 30 billion meters of gold. With the equity in his hands, if he sells 5% of it, that would be 1.5 billion meters of gold, equivalent to 12 billion. The repayment is not easy. Add pleasure.”
"I wonder how Blue Star Electronics' mobile phones are doing? There has been no relevant news. The hot discussion is just because of the joint venture with Corning Company to build a factory and find bank loans. There is no information about the specific development of mobile phones. No."
"Hey, Blue Star Electronics is a newcomer in the field of mobile phones after all. It has no technology and no background. It starts from scratch. Do you think a mobile phone can be developed so easily? Blue Star Electronics has no relevant news coming out now, which shows that they are in There shouldn’t be any big achievements here. ICT is a gold-swallowing beast. If Lu Shen crosses over into ICT this time, there is a high probability that he will encounter Waterloo.”
"Yes! We all admit that Lu Shen is an Internet genius, but going to ICT is too big a crossover, and the possibility of failure is as high as 90%. This is why those capital institutions that favor Lu Shen learned about Blue Star Electronics Reasons for indifference after lack of money.
"I really hope Lushen can succeed! Look at our domestic mobile phone market, it is basically occupied by foreign brands. The three major mobile phone manufacturers have won more than 70% of the domestic mobile phone market share. And our domestic mobile phone market Those mobile phone manufacturers not only did not want to unite and drive out these foreign brands, but instead lowered prices and fought price wars with each other, killing each other and allowing foreign companies to take advantage. They are simply helpless. I hope Lan Star Electronics can succeed and change the situation of the domestic mobile phone market."
"Upstairs, although I agree with your point of view, I have to say that I am powerless and can only express my support in spirit. You must know that the domestic mobile phone manufacturers do not want to do a good job, but they do not have the technology and money. Ah. If the products cannot be sold, there will be no way to repay the capital and make money, and there will be no way to invest more money in research and development of new products. This creates a vicious circle, and we can only watch foreign mobile phone brands become popular in China."
"In the final analysis, our country's technological strength is not strong enough! After all, foreign brands such as Nokia, Motorola, and Ericsson have accumulated profound technological accumulation in this area, and it is as difficult as the sky for domestic manufacturers to catch up."
Netizens started talking about it, and the topic began to turn to the dominance of foreign brands in the domestic mobile phone market. It directly shot to the top of the Weibo hot search list, attracting countless netizens to rush to post in the topic. own opinion.
Although netizens are saddened by the situation of foreign brands dominating the domestic market, they also see clearly that there is nothing they can do about it.
Who makes domestic technology in this area lag far behind foreign countries?
Whose products are not only of good quality, but also novel and beautiful.
If domestic manufacturers want to catch up, they need to spend time, a lot of money, and a lot of manpower and material resources.
Although some people are angry at domestic mobile phone manufacturers, they also understand this.
It’s not that we don’t want to do well and surpass foreign brands, but we really don’t have the technical strength.
Time has entered April.
It’s also time for listed companies to disclose their financial reports for the first quarter of 2005.
Future Group is not a listed company, so it does not have to issue financial reports.
However, Lu Yi has been publishing quarterly and semi-annual reports since last year in accordance with the regulations of listed companies.
The outside world is also looking forward to the future financial reports of the group.
Because of the financial reports released by Future Group before, the loss figures can simply blind everyone's eyes, and the losses are so shocking that investors feel suffocated.
However, starting in October last year, Xiaonei.com (face) began to accept advertisers from all over the world and began to make money from advertising, plus the official release of "World of Warcraft".
so.
The quarterly report for the first quarter of this year suddenly attracted attention from the outside world several times.
Everyone is speculating whether the group's losses will drop significantly in the first quarter of this year.
As for profit?
Stop making trouble!
In the previous financial report released by Future Group, it was not a loss of more than ten to two billion.
Although the Future Group has started to make money by ‘accepting customers’, it is impossible to reverse the huge losses all at once.
As long as the Group's financial losses in the first quarter are significantly reduced, investors will be excited. Thank God. .