The rise of nanometers

June 26th.

Under the scorching sun, Huang Xiuyuan returned to Dezhou, Shandong Province from Dongfeng Aerospace City in Jiuquan.

Texas branch.

Lin Baijie, who was still in the Southwest Branch a few days ago, and Jiang Hailin, who has been in charge of Shanmei Head Office, also came to Dezhou in a low-key manner.

Inside the office.

"How is the company's situation?" Huang Xiuyuan opened his laptop and looked at various investigation reports from the Security Department.

Lin Baijie called up the recent situation of the Suiren Department in his notebook, and then reported:

"Blue Era has entered a stage of rapid profitability, with profits in the second quarter reaching 27.6 billion, and net profits this year are expected to reach 100 billion. The main profit points are gas, water, pollution treatment and mining."

Huang Xiuyuan looked through the relevant information and found that the business with the fastest growing net profit in the Blue Era was the subsidiary Blue Star Mining, which contributed 37.6% of the net profit.

But after reading it, he fell into deep thought. Enterprises like Blue Star Mining are very policy-hungry. Once there is a problem at the policy level, it will definitely be seriously affected.

"Baijie, I think it is necessary to spin off Blue Star Mining and separate it from other businesses."

Lin Baijie was stunned: "Mr. Huang, what are your plans?"

"The issues involved in Blue Star Mining are very complex. Although Beijing Enterprises Resources and United Renewal share the pressure, it will soon become a world-class mining hegemon, so we must make reasonable arrangements."

Lin Baijie and Jiang Hailin also realized that although Blue Era does not have a monopoly on the surface, in fact, it controls the upstream of the industry and is an absolute overlord, which brings some worries.

Huang Xiuyuan expressed his thoughts: "Blue Star Mining itself is not our core. I plan to introduce social security funds and investment from various places, but it can only be used as financial investment, and the control is still in our hands."

"I agree." Jiang Hailin was the first to agree. As the core of the think tank of the Suiren Department, he is more sober and rational.

The current profitability of the Suiren Department is that their management team has very high salaries and dividends. After working for more than ten years, it is not a problem to be worth more than one billion.

At their level, money is actually just a number. They have no worries about food and drink, and the housing and transportation company is responsible for it. Maybe only some of their former life ambitions are left.

Just like Huang Xiuyuan, the current valuation of the Suiren Department is astronomical. Even if a meal costs 100 million, the Suiren Department's daily net profit will exceed 500 million, which cannot be spent at all.

Compared with the "people's rich" who are ready to transfer assets abroad after making money, Huang Xiuyuan is more willing to use his wealth to bring progress and development to this society.

Three days later.

Or the Texas branch.

Qin Lizhang and Chen Jimin, general manager of the Social Security Fund, appeared here together.

Before entering the conference room, Qin Lizhang pulled him and asked in a low voice: "Xiuyuan, why did you make this decision suddenly? The superiors are very concerned about this matter."

Huang Xiuyuan's eyes were clear and deep: "I founded Suiren Company, firstly, to develop technology, hoping to one day set foot on the sea of ​​stars; secondly, to do something within my ability for this society; money is just a number. "

"..." Qin Lizhang was silent for a moment and sighed: "I respect your choice, but the higher-ups also asked me to tell you something: as long as Suiren Company abides by the law, there is no need to worry about other things."

"Please also tell me, thank you for your concern."

In the conference room.

Chen Jimin from the Social Security Fund and several heads of the investment evaluation team were also very excited at this time.

One of the heads of investment evaluation, holding Blue Star Mining’s financial statements and a report on future market development trends, his tone trembled:

“Based on a price-to-earnings ratio of 20 times for stock investment, Blue Star Mining’s valuation is around 750 billion.”

"No, the market potential of Blue Star Mining has not yet been fully realized, and it has only captured a part of the ore market. I estimate that at its peak in the future, Blue Star Mining should be able to occupy 20% of the global ore market, and its value should be around 2 trillion. "

Chen Jimin stopped everyone's discussion: "Okay, the valuation will be negotiated later."

After a while, Huang Xiuyuan, Lin Baijie, Jiang Hailin and others came in.

Chen Jimin stood up and stretched out his hand: "Mr. Huang, nice to meet you."

"Mr. Chen, please take a seat."

The two parties took their seats. Although they planned to introduce social security funds, super high-quality assets like Blue Star Mining naturally cannot be priced at will.

Jiang Hailin took out an evaluation report: "Everyone, based on Blue Star Mining's profitability, this year's net profit of around 36 billion, the calculated valuation is actually significantly lower than the potential valuation."

"Mr. Jiang, how about a net profit of 200 billion and a price-earnings ratio of 10 times?" Chen Jimin said a relatively reasonable price.

Jiang Hailin shook his head: "It's a little lower. We have huge potential in rare metals, rare elements, precious metals and nuclear fuel. The annual net profit should be around 400 billion. Calculated at a price-earnings ratio of 15 times, the valuation should be 6 trillion." .”

"This is too high..."

Huang Xiuyuan did not speak, leaving the negotiation matters to professionals.

Negotiations lasted all morning. After restarting negotiations in the afternoon, Chen Jimin's assessment improved a lot, setting the annual net profit at 280 billion, a price-earnings ratio of about 11 times.

This kind of negotiation is absolutely impossible to complete in one day.

After constantly grinding their teeth and talking for more than a week, the superiors finally communicated with Huang Xiuyuan, and the two parties finally settled on a specific plan.

According to the plan of the cooperation memorandum, Suiren Company will sell 40% of Blue Star Mining's shares to the social security fund. The overall valuation of Blue Star Mining is 4.2 trillion.

In other words, the Social Security Fund will pay 1.68 trillion yuan to acquire 40% of Blue Star Mining's shares. This share will only be used as a financial investment and will not involve specific management.

In order to avoid straining the capital chain of the social security fund, the cooperation will be implemented in 10 phases over 10 years, with each phase acquiring 4% of the shares for RMB 168 billion.

However, in the cooperation, the social security foundation is also allowed to purchase shares in advance. As long as the money is in place, the dividends will be cashed in the second year.

This year's total social security fund balance is approximately 2.1 trillion yuan. After discussions with senior executives, Chen Jimin decided to spend 336 billion yuan to acquire 8% of the shares.

In fact, this is a very cost-effective investment. The valuations of the three mineral giants Blue Star Mining, United Recycling and Beijing Enterprises Resources can actually refer to Beijing Enterprises Group.

Because Beijing Enterprises Group is a Hong Kong-listed company with a current market value of HK$3.9 trillion, Beijing Enterprises Group can only rank third among the three giants.

The valuation and profit of Blue Era are more than five times higher than that of Beijing Enterprises Group. Combined with Beijing Enterprises Group, the valuation is equivalent to half of Blue Era at most.

This is why the valuation of Blue Star Mining alone exceeds that of Beijing Enterprises Group as a whole.

As soon as this news was announced, the whole world was in an uproar. It involved a 1.68 trillion share acquisition, which was also a very huge contract in the history of world business.

And this incident also instantly triggered a lot of conspiracy theories, which were told in a clear and logical way, as if they were personally involved in the intrigue.

Huang Xiuyuan also posted a message clarifying the sale of Blue Star Mining shares.

Before I knew it, it was July 12th.

The Peking Integrated Circuit Industry Conference is about to kick off. Huang Xiuyuan, Jiang Hailin and others have already arrived at the Suiren Company office in Peking.

Thank you for your support! Thanks to book friends "Yu Ming Tao Ren" and "Waiting for the Future'" for their rewards!

Third update! There are two more updates (＾＿)