Rebirth of Northland Technology

Quancai's large order for LCD capacity expansion in the first half of 1993 is undoubtedly a huge booster for the semiconductor equipment industry and the ice city economy.

Similar to the assembly line scheme, with the enlargement of the product size, the investment in the production line is also doubled and doubled.

The profit of the third-generation line product is amazing, but its cost has reached an astonishing 800 million yuan!It is not cheap compared to a formal first-generation line.

In 1992, the Optoelectronics Department invested a 908 project in the semiconductor industry.By 1993, just the first half of the year, nearly twice the amount of funds for the 908 project had been invested.

Nourished by wave after wave of orders for LCD equipment, related semiconductor equipment manufacturers have long changed shotguns.

If it were not for the containment of the optoelectronic wafer project, many equipment manufacturers would be ready to simply transform and just do LCD equipment.

At the same time, the construction of six large-scale factories in all directions of the ice city began (since the third generation line, it has exclusive use of one factory.).

And not only full color is expanding, "Colorful Technology" and "Optical Equipment" are also expanding.

The LED industry finally walked out of the trough of the economic cycle and entered a rising period again.New LED production lines and IGBT wafer production lines have landed one after another.

With the expansion of the scale of the enterprise, the various factories of the Optoelectronics Department began the process of surrounding the city from the countryside.But it also puts forward higher requirements for urban infrastructure construction.

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With the progress of the "Quancai Technology" financing case, the employee stocks that were once less recognized have completely turned into securities.

At the beginning of the full-color LCD financing case, there was still a large internal employee stock, which was not allocated: 10 million shares under the faculty of the University of Technology.

Because they are used to the welfare society, teachers have been hesitant to spend money on stocks.

The money to buy stocks is not small.Since these stocks do not enjoy the company's subsidies from Optoelectronics, 5,000 yuan in cash is required to buy 10,000 shares.In this era, no matter who it is, it is a huge number.

With the passage of time, Quan Cai split into two from one family (Lin LCD is independent).Immediately followed by various dizzying financing, the value of stocks began to soar.

At this time, everyone is aware of the value of internal shares. As long as you pay 50 cents, you can cash out several times the value directly on the black market!No need to wait for the stock to go public!

Under this circumstance, the distribution plan of these shares has been valued by everyone and affects the hearts of all faculty members.

How does the length of service count? Does school age count?Does it count as retired employees, does it count as employees who leave without pay, does it count as employees who have just moved away, for example, does it count as employees who are transferred to Quancai, etc., etc.

The formula for share allocation is more complicated than that of housing. A bunch of parameters such as length of service, title, technical contribution, special bonus, etc. fully reflect the strength of the Department of Mathematics.

By the time the share reached the head, the black market price of the stock had climbed to 15 yuan.The shares with a total value of nearly 150 million were distributed by more than 3,000 in-service and retired faculty members.

The per capita welfare of more than 50,000 yuan has aroused great repercussions in the era when the per capita salary was only one or two hundred yuan.In this era, 50,000 yuan is enough to buy two houses in the city!

This is the per capita benefits of two suites!

The popularity of the Optoelectronics Department in schools has reached a new high.

Cheng Yongxing's bragging over the past few years has evolved into a legend.Now no matter what kind of cowhide he blows, there will be a group of supporters.

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At home, all the leaders of the optoelectronic system company involved in the negotiations were stunned after the calculation.Zhang Yan's 200,000 shares are worth 3 million yuan!

This figure was unusually dazzling in the spring of 1993.

This is a carnival of capital, and the paper value of all the people in the university department has increased.

The 150 million shares held by the school have a black market value of 2.25 billion!The value of the shares of the two related departments has reached 375 million.

It’s hard to talk about being a rich country, but the economic strength of the two holding faculties is beyond the general key undergraduate universities.You know, at this time, an ordinary university only has a few million in funding a year.

This makes everyone hold their breath and wait for the day when the full-color technology is launched.

With the help of capital, all actions of the Optoelectronics Department are unimpeded.

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After this financing, a good consequence is that LCD company's profits immediately jumped.

A large part of the cost of Quan Cai Technology comes from financial expenses.LCD company's loan interest, bond interest and other financial expenses, this cost is even close to the material cost in the production cost.(At this time, the deposit and loan interest rates are quite high.)

Some time ago, the company even issued a lot of high-yield bonds for temporary turnover, and it was short of borrowing usury.All methods have been exhausted to ensure the unconventional development of the enterprise.

This time the financing was successful, and the cost of this part immediately dropped significantly.

Another side effect of this financing is that Quancai has become a joint venture.A series of new preferential policies are under discussion.

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After the successful financing, the company revised some of the rules for the original shares.

Non-core personnel can freely rename the stock, while core members are still not allowed.

Core or non-core is based on the number of stocks.The internal employees of the LCD company hold more than 10,000 shares and are the core employees. Non-LCD company employees hold more than 20,000 shares as the core employees.

As a result, there were a lot of new stocks in Bingcheng, and the number of stocks in circulation more than doubled.But the strange thing is that with the entry of these stocks, the price of Quancai's stock rose instead of falling, slowly rising from 15 yuan to 17 yuan.

Recently, many analysts have appeared in the Optoelectronics Department. When they are idle every day, they analyze the stock market trend all day long, and their influence is not small. After all, this is related to the vital interests of the employees themselves.

According to their analysis, this wave of rise is likely to be related to the stock's permission to change its name.Now it's the release of risk, after all, stock trading is legalized.

The company’s stock value, calculated according to the black market dollar price, is only 26 yuan, and there should be a lot of room for growth.

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The new policy is not without opponents, Cheng Yongxing and Zhang Yan are bothered by the interlocutors.

All those holding more than 10,000 shares are the company's management or technical backbone.

When formulating this policy, the stability of personnel was also considered. If they leave early and run away before the company goes public, this part of the shares will be taken back.

But everyone who comes to intercede has a variety of reasons. Some are elderly people who are sick, and some children have to register for household registration. There are all sorts of strange things, but the only thing in common is lack of money.

Although the benefits of the Optoelectronics Department are high, the time is not long after all, and the employees have not yet saved enough money on wages.

In addition, even Zhang Yan asked Cheng Yongxing to sell some stocks for money, because she wanted to buy a car.

Cheng Yongxing could not resist the surging public opinion.These people are the backbone of the company. They quarreled over this matter, and the morale dropped and the cart was upside down.

As a result, a revised opinion was made for core employees, that is, 10% of those holding less than 50,000 shares and 5% of more than 50,000 shares can be sold.

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With the introduction of the policy that core employees can sell stocks proportionally, the price of ice city black market stocks finally fell under the impact of these large orders.

People always buy cards, not buy them.

With the decline in stock prices, more wait-and-see employees joined the sell-off team. After three consecutive months of rising stocks, Quancai's stock finally ushered in a real bear market.

This bear market lasted for about three weeks, and then it was pulled up by news from abroad. The foreign dollar quotation has risen to $4!

After three consecutive weeks of falling prices in the black market, prices rebounded in retaliation and hit a record high.

Since then, Bingcheng’s black stock market has begun to integrate with international standards, but the volatility has also greatly decreased.

The dull market has brought about a decrease in transaction volume, the crowd in the small market has gradually dispersed, and the streets have resumed smoothness.

The price of full-color stocks is no longer based on the price of the ice city black market as a weather vane, but is closely watching news from the United States.

The United States does not actually have a so-called market, but occasionally some institutions bid to ask several holding institutions.So the full-color stock price showed a strange situation that occasionally bounced after a few weeks of sideways trading.

Many speculators could not stand the dull market and left the market.

This may be the worst conclusion they made, because in the following year, there is only one market for full-color stocks, which is a unilateral rise until it goes public.