"The rain keeps falling, the wind keeps blowing, who will join me for wine and discuss the world. Ten thousand arrows fly, bloodlust like hemp..."
Wang Jutou's new ringtone last month interrupted Wang Yi's thoughts.
It was Song Sining calling:
"Boss, you're going to BYD to discuss cooperation. Last night I researched BYD's information and sent it all to your email. Their current situation is dire; both their Hong Kong and A-shares have plummeted!"
"Good, Sining, excellent work!"
Wang Yi was beaming:
"I love having a right-hand person like you, thinking what the boss thinks, rushing for what the boss needs!"
"Thank you for the praise, Boss!"
Song Sining mumbled:
"It's just that I'm afraid someone thinks too much and can't manage it all, so I can only worry more."
Wang Yi smiled:
"You've worked hard, I'll credit you for it, and I'll add ham sausage for you later!"
"???"
Song Sining was confused:
"What ham sausage?"
"The proper kind!"
Wang Yi emphasized.
"Pah!"
Song Sining instantly blushed, thinking of something improper:
"That's not proper, you can watch slowly, I... I... I'm not talking to you anymore!"
"Haha."
With that, Song Sining hung up the phone, her fair cheeks flushed crimson, and she grumbled inwardly:
"This guy is getting more and more out of line. Really!"
"But, is this the legendary dirty talk between lovers?"
"No wonder I wasn't angry!"
"Hmph! Scoundrel!"
Song Sining looked out the window, involuntarily recalling books she had read that mentioned similar words...
Dirty talk, in certain special scenarios, saying words usually forbidden can greatly stimulate both parties' interest... This is called the 'forbidden fruit effect'.
But if overdone, it can backfire.
So, it's best to set a safe word...
"Does this count as dirty talk?"
"He's only a freshman, and he already knows all this?"
Song Sining thought more and more, getting flustered, her face turning red.
She quickly shook her head, diverting her attention...
Wang Yi opened his email, printed all the BYD information Song Sining had sent, and then left.
As for HM's fate?
Wang Yi provided the opportunity; now it all depends on the performance of HM's arch-rival, Zara's parent company.
Wang Yi was only responsible for collecting the spoils.
BYD was his main focus!
Afterward, Wang Yi and Wu Shuang headed straight to the airport.
Today, he also needed to go to BYD to inspect their minus ten degrees Celsius antifreeze batteries!
If possible, Wang Yi wouldn't mind investing.
As for CATL, it seemed it hadn't been established at this point in time.
Wang Yi remembered that CATL was established at the end of 2011.
It didn't go public until 2018, and its glory peaked in 2020.
No matter how glorious CATL would become later, it held little significance for Wang Yi at this moment.
2020 was nine years away; Wang Yi couldn't keep waiting for CATL.
Moreover, Wang Yi's presence would definitely create a butterfly effect.
This time, it was hard to say whether CATL could be as glorious as in his previous life.
However, the current BYD was definitely worth a look.
Wu Shuang drove straight to the airport.
Sitting in the car, Wang Yi took out BYD's information and flipped through it one by one.
To raise more funds, BYD went public on the A-share market on June 30, 2011, with an initial public offering price of 18 yuan.
The stock price subsequently rose all the way to over 30 yuan, with a market value exceeding 77 billion yuan.
But by October, BYD's stock price had continuously plummeted, falling to around 16 yuan, with a market value of over 40 billion yuan.
Compared to its peak market value, it had nearly halved.
As for Hong Kong stocks, the situation was even worse.
The current stock price was only around 11 Hong Kong dollars, with a market value of over 35 billion Hong Kong dollars.
Wang Yi chuckled, this price was almost rock bottom.
After all, Warren Buffett's entry price for BYD in 2008 was also 8 Hong Kong dollars per share, costing a total of 1.8 billion Hong Kong dollars.
At the current 11 Hong Kong dollars, Wang Yi investing in BYD was not a big problem either.
As for 2012, there might be another dip, potentially falling to around 10 Hong Kong dollars.
But it wouldn't have a significant impact.
After a brief period of calm, BYD's stock price would continue to rise, climbing from ten Hong Kong dollars all the way to twenty, thirty, eighty, a hundred, two hundred, three hundred...
Even more than ten years later, amidst global economic difficulties, BYD's market value would still be above 150 Hong Kong dollars.
Whether viewed long-term or short-term, the current trough of 11 Hong Kong dollars was a good entry point.
As for why BYD's stock price was so low in October?
Song Sining had also found out:
The main reason was BYD's dismal performance and profitability, significantly below expectations.
"BYD's mid-2011 report showed that the company achieved operating revenue of 22.545 billion yuan, a year-on-year decrease of 10.77%; and a net profit of 275 million yuan, a year-on-year plunge of 88.63%..."
With such performance, it would be strange if BYD didn't collapse.
At the same time, BYD's current liabilities were nearly 30 billion yuan, with short-term liabilities approaching 25 billion yuan, while current assets were only over 20 billion yuan!
In short, there was a short-term capital deficit of nearly 5 billion yuan!
With such performance and such debt, even with Warren Buffett as a stabilizing force, shareholders fled...
Secondly, dismal performance required layoffs.
In August, BYD conducted large-scale layoffs under the pretext of "organizational structure" adjustments.
Front-line sales personnel were cut by 50%, and even departments like public relations, marketing, and service underwent significant layoffs.
Misfortunes never come singly.
In September, news of BYD F3 car airbags failing to deploy, even leading to a fatal crash, was reported again by CCTV's 'Weekly Quality Report'.
The outcome was predictable: this became the last straw that broke BYD's stock price.
Consequently, BYD's Hong Kong stock price dropped from over 80 Hong Kong dollars in 2009 to the current 11 Hong Kong dollars.
A-share price also fell from over 30 yuan in July to the current 16 yuan.
Both hit rock bottom.
But this was a bargain for Wang Yi!
When others are fearful, be greedy!
If not now, when will be the time to invest in BYD?
Moreover, Xingyi mobile phones' large-scale adoption of BYD's mobile phone batteries could generate significant revenue for BYD, which would significantly boost BYD's annual report and performance.
More importantly, while others were unclear about the reasons for BYD's current failures, Wang Yi knew them perfectly.
It was precisely BYD's diversified development strategy, which began last year!
BYD's current main businesses, automobiles and batteries, inherently required significant R&D investment, a veritable bottomless pit.
They also aimed for diversified development, engaging in home appliances, solar photovoltaics, computers, and even future SkyRail...
The outcome was predictable: diversified development led to diversified failures.
Seeing this information, Wang Yi was shocked.
In his previous life, he had never heard of BYD home appliances or BYD computers...
There was only one outcome: they all failed!
As for BYD's photovoltaic business, it was also a project that hadn't been profitable for ten years.
The future photovoltaic industry was too competitive.
In other industries, one general's success meant ten thousand dry bones.
In the photovoltaic industry, however, one only saw bones, no gods.
Yet, even so, BYD's stock had an unlimited future!
At noon, Wang Yi landed in Shenzhen, where BYD had already arranged for airport pick-up staff:
"Chairman Wang, hello, our boss has booked a hotel for your welcome dinner."
"Thank you for your trouble."
Wang Yi said calmly, got into the car, and headed straight for the Intercontinental Hotel.
Upon arriving at the hotel, BYD's Wang Zhanggui stood up, full of joy:
"Chairman Wang, hello, welcome to Shenzhen!"
BYD's current situation could be described as miserable.
Even the stock market guru Warren Buffett couldn't stabilize it.
Now that a big benefactor like Wang Yi had arrived, he couldn't be more pleased!
"No need to be so polite."
Wang Yi smiled slightly, he greatly admired practical people like Wang Zhanggui.
BYD and Huawei were both types that diligently engaged in R&D.
Among other things, BYD's electric vehicles could achieve 100% independent R&D.
When Broadcom wanted to hold them by the throat and raise prices, BYD could then introduce its self-developed alternatives, scaring Broadcom from increasing prices.
Few companies globally possessed such capabilities.
Compared to those trash companies that only knew how to list and raise money, practical, proactive, R&D-focused companies like BYD were Wang Yi's investment targets.
After some pleasantries, BYD's Wang Zhanggui got to the point:
"Chairman Wang, we attach great importance to the antifreeze batteries you require. However, the time given is really too short. Currently, at a low cost, we can only achieve antifreeze protection down to about minus ten degrees Celsius; basically, minus thirteen degrees Celsius is also not an issue."
"As for antifreeze protection down to minus fifteen degrees Celsius, we can also make it, but the cost is too high. For bulk purchases, it would exceed 70 yuan, making it impossible to popularize."
Wang Yi nodded, in strong agreement.
Currently, 2500mAh phone batteries, in bulk purchase, cost around 40-45 yuan.
If an order of five million units was placed at once, negotiating the price down to 38-39 yuan would be no problem.
But if it went to 70+, almost double, the cost would be too high, making large-scale promotion difficult.
Don't just look at an extra thirty yuan per phone; for five million phones, that's an additional 150 million yuan!
That's not a small sum of money.
In fact, many technologies are achievable, but their costs are too high for large-scale promotion.
Only when low-cost solutions are developed can they be commercialized on a large scale.
Wang Yi smiled:
"I have great confidence in BYD's strength in the battery field. I look forward to you being able to produce low-cost minus fifteen degrees Celsius antifreeze batteries next year."
"No problem, I can guarantee it! Mass production will be possible by mid-next year at the latest! Of course, the standard is minus fifteen degrees Celsius antifreeze, and considering phone heating, minus eighteen degrees Celsius won't be a big issue either."
Wang Zhanggui vowed.
Just like the current minus ten degrees Celsius antifreeze batteries, thirteen degrees Celsius is fine because the phone itself generates heat.
However, when turned off, it can only withstand minus ten degrees Celsius, so it still has to be advertised as minus ten degrees Celsius antifreeze!
"Mass production by mid-next year and supply in the second half of the year, that works!"
Wang Yi calculated the time; it would be just right for the Xingyi Phone 2nd generation.
That's right, it's about out-competing, rolling over the competition.
This year, iPhones, Samsung, and Xiaomi shut down at minus five degrees Celsius; Wang Yi directly pushed the competition to minus ten degrees Celsius without shutting down.
Next year, when they catch up with minus ten degrees Celsius antifreeze batteries, Wang Yi will directly push it to minus fifteen degrees Celsius!
It's about competing to the death!
Wang Zhanggui was beaming; Xingyi Technology's large order was secure, and if long-term cooperation was possible, that would be even better.
He simply said:
"Chairman Wang, how many minus ten degrees Celsius antifreeze batteries do you need? I will immediately arrange for the factory to mass produce them."
BYD's mobile phone battery business had significant R&D investment but not much revenue.
There was nothing to be done; there were too many competitors.
Battery suppliers were as numerous as ox hair, but large customers were few.
Too many monks and not enough porridge; there simply wasn't enough to go around.
A major client like Wang Yi, starting with five million orders, was definitely a big benefactor, a super savior.
If they secured the five million large order, BYD's profits could increase significantly.
In the first half of this year, BYD's total profit was only 275 million yuan.
There was nothing to be done; BYD's scope was too vast, too many things were being researched, too much was invested, but too little was produced; it was too much of a money pit.
Wang Yi smiled slightly:
"Over the next year, Xingyi Technology is expected to need 15 million mobile phone batteries. What price can you offer?"
"15 million units!"
Wang Zhanggui was startled, then beamed with joy.
Currently, BYD's market share in mobile phone batteries was not high.
Desay and similar companies were the absolute dominant players.
Once they had these 15 million units, BYD's market share could significantly increase.
The cost of antifreeze batteries could also be directly reduced to the minimum!
Batteries are mass-produced items; the higher the sales volume, the lower the cost, the more competitive they are in the market, and the more money they can make.
In short, the battery industry, like the chip industry, is all about economies of scale.
Winner takes all!
For example, Qualcomm chips have the highest market share and earn a fortune.
While Texas Instruments and Nvidia chips, with low sales and low profits, eventually couldn't sustain themselves and had to give up.
"Chairman Wang, to be honest, the procurement cost for a regular 2000mAh battery is between 37-40 yuan. For your 2500mAh, purchasing 15 million units at once, I can offer you a minimum of 37 yuan each!"
Wang Yi calculated, this price was very reasonable.
After all, Xiaomi's 1930mAh battery alone cost 37 yuan per unit.
BYD offering Wang Yi a 2500mAh battery for 37 yuan was genuinely not expensive.
"However, if it's a 2500mAh antifreeze battery, the cost is higher. For 15 million units, I can offer 45 yuan. For external sales, it would be 50 yuan, and even for large quantities, it would be 47 yuan."
"45 yuan?"
Wang Yi fell into thought.
The antifreeze battery was 20% more expensive than the regular battery, but Wang Yi guessed the cost difference was at most 10%.
However, considering the volume, BYD was already selling 2500mAh batteries at the price of 2000mAh, so further bargaining would be difficult.
Wang Yi smiled slightly:
"Let's put the battery matter aside for now."
"???"
Wang Zhanggui's expression changed slightly.
Could it be that Wang Yi found it too expensive and didn't want it anymore?
He quickly said:
"Chairman Wang, if you think it's unsuitable, we can switch to regular batteries, and give them to you for 37 yuan!"
The large order for Xingyi mobile phones absolutely could not be missed.
Wang Yi waved his hand:
"The battery matter is not important; let's discuss BYD."
"BYD's matters?"
Wang Zhanggui was stunned, then became excited, and somewhat incredulous:
"You... you... you want to invest in BYD?"
The current BYD could be said to be in a very tragic state.
It had faced continuous setbacks.
Especially its Hong Kong shares, the price was halved again and again.
At this time, even Warren Buffett almost couldn't sit still; no one was willing to invest in BYD.
Wang Zhanggui was almost worried to death.
But Wang Yi actually wanted to invest!
How could Wang Zhanggui not be excited?
Wang Yi smiled slightly:
"Wang Zhanggui, I value your practical approach. If the price is right, I wouldn't mind making an investment!"
Not buying BYD at 11 Hong Kong dollars, and then buying it when it rises to 110?
More importantly, batteries are pure high-input, low-output products, heavily reliant on market scale.
Wang Yi had limited energy and didn't plan to focus on lithium batteries in the short term; it would be better to directly invest in a battery giant.
CATL hadn't been established yet, its start was too slow, unable to keep up with Wang Yi's current development.
BYD was still more suitable.
"Chairman Wang, our BYD has indeed encountered some problems and truly needs investment. If you are willing, it would absolutely be a timely help, and I will be grateful for a lifetime!"
Wang Zhanggui said sincerely.
Investing when BYD was glorious was nothing.
But investing when BYD was at its most tragic and difficult, then Wang Yi was definitely a great benefactor!
Just like Warren Buffett in 2008, investing in BYD caused its stock price to surge.
Now, if Wang Yi were to invest again, it could also help BYD climb out of the mire!
Wang Yi smiled slightly:
"I'm quite optimistic about the Hong Kong stock market. What price can you offer me?"
"Hong Kong stocks..."
Wang Zhanggui understood that Wang Yi, like Warren Buffett, was also here to bottom-fish.
However, this was even better.
Currently, Hong Kong stocks had fallen from over 80 Hong Kong dollars to 11 Hong Kong dollars, yet still few people were buying.
It could only be said that declining performance, terrifying liabilities, and car quality issues had caused capital to lose confidence in BYD.
The large-scale layoffs in August made people feel that BYD was about to go bankrupt and flee...
In this situation, it would be strange if someone was optimistic about BYD's future.
Wang Zhanggui thought for a moment:
"Chairman Wang, if you want fifty million shares, I can give them to you at 10.5 Hong Kong dollars per share."
Wang Yi waved his hand:
"Let's be straightforward. 1 billion Hong Kong dollars for 100 million shares! Sign the agreement first, and pay within half a month!"
According to the exchange rate in October 2011, 1 Hong Kong dollar was equal to 0.81739 RMB.
1 billion Hong Kong dollars, which is 817.39 million RMB.
And paying within the next half a month, there was no pressure for Wang Yi.
Even without the domestic market, since the HM plagiarism incident, Meiyou's international market had boomed.
Coupled with the opening of overseas flagship stores and exclusive stores, daily international profits exceeded 30 million dollars, or 200 million RMB.
In four days, this amount of money could be earned!
Absolutely no pressure.
"This..."
Wang Zhanggui still hesitated a little.
He was very happy about the immediate investment of 1 billion Hong Kong dollars.
But the price of 10 Hong Kong dollars per share was a bit low.
Seeing Wang Zhanggui hesitate, Wang Yi didn't mind at all and continued to throw money:
"If one billion isn't enough, then two billion. 2 billion Hong Kong dollars for 200 million shares!"
"This... good!"
Wang Zhanggui agreed.
He still hesitated a bit at 1 billion Hong Kong dollars, but 2 billion Hong Kong dollars, he really couldn't hesitate anymore.
Hong Kong stocks had fallen from over eighty Hong Kong dollars to 11 Hong Kong dollars.
If no one invested further, BYD's stock price might continue to fall.
And investment institutions' expectations for BYD's declining performance didn't end until the second half of 2012.
To put it plainly, BYD's performance hadn't improved, and its stock price would struggle for nearly another year!
Now with Wang Yi's 2 billion investment, BYD's stock price could rise significantly.
This was certain.
More importantly, BYD's current short-term liabilities were 25 billion yuan, while current assets were only about 20 billion yuan.
A capital gap of 5 billion yuan meant they were desperately short of money and urgently needed Wang Yi's 2 billion Hong Kong dollars to fill the void!
As for BYD's stock price in 2012, would it hit another low?
Wang Yi didn't care.
As a reborn person, he knew that in February or March of next year, BYD's stock price could rise to 25-30 Hong Kong dollars, and he could take advantage of the positive news to reduce some holdings and cash out.
Then, after a subsequent sharp drop, he would add heavily to stabilize the stock price.
It was just capital manipulation.
Wang Yi wouldn't hold on forever like Warren Buffett, holding until death.
On the contrary, Wang Yi was long-term bullish on BYD, but medium-term bearish.
He would add positions at low prices and reduce them at high prices.
Based on current market performance, BYD's stock might still fall after its mid-year financial report is released next year.
Wang Yi remembered that BYD's lowest price appeared in July or August next year, also around ten Hong Kong dollars.
At that time, this news was a trending topic, with the headline roughly meaning, 'BYD's market value plummets again by over 30 billion...'
However, after 2013, there were no longer any BYD shares priced around ten yuan.
After that, it could be held long-term, all the way to its peak.
Wang Yi might not remember the important milestones of other stocks.
But the crucial points of a strong stock like BYD had been studied by everyone who wanted to trade stocks.
Although Wang Yi in his previous life had only briefly researched it, he was deterred by the market conditions...
Wang Zhanggui raised his glass, incredibly excited:
"Chairman Wang, thank you for your timely help, thank you so much! I toast you with this drink!"
Wang Yi also raised his glass:
"No need to be so polite, I'm just optimistic about BYD and believe that BYD will definitely rebound!"
"Cheers!"
The two drained their glasses.
Afterward, Wang Yi changed the subject:
"The big matters are settled; now it's time to discuss some minor ones. Since I've become a shareholder of BYD, it's best to keep profits within the family; from now on, Xingyi mobile phones' batteries will all be supplied by BYD!"
Wang Zhanggui's smile deepened; this was the benefit of strategic cooperation!
"Chairman Wang, rest assured, since we are all one family, the price of antifreeze batteries will be given to you at an ultra-low price, even cost price. Forget 45 yuan, it's directly 40 yuan."
Wang Yi was reasonable, and Wang Zhanggui couldn't be ignorant:
"To be frank, at this price, the first 5 million units won't make any profit at all. After five million units, there will only be meager profits. But who told us we're family!"
"Haha, straightforward, then it's settled."
Wang Yi was beaming:
"Let's sign an order for 15 million units directly. What about the production capacity?"
"Don't worry about capacity; we started out making batteries. For an order of 15 million units, we'll open more production lines, produce 3 million antifreeze batteries a month, and complete the supply within five months, no problem."
Wang Yi nodded:
"Good, this arrangement is suitable. Deliver one million to me before November 15th."
"No problem!"
"As for the future, I estimate you'll have to add more production lines!"
Wang Yi smiled slightly:
"Once Xingyi mobile phones become popular, your antifreeze batteries will also become popular, and other mobile phone manufacturers will follow with orders. By then, you'll be making a fortune."
"Haha, then many thanks, Chairman Wang."
Wang Zhanggui's smile became even wider.
Wang Yi was truly a noble person!
Investing 2 billion Hong Kong dollars in BYD could not only alleviate his current debt crisis but also boost investor and capital confidence, raising BYD's stock price and market value.
He also brought a large order for 15 million batteries, as well as millions of orders from other friendly businesses.
The mobile phone industry is like this: when something is made popular by one brand, other manufacturers will also follow suit.
Wang Yi changed the subject:
"As a BYD shareholder, I also hope BYD gets better and better, and its stock price gets higher and higher. We can discuss anything. However, the minus fifteen degrees Celsius antifreeze batteries must be prioritized for Xingyi Technology!"
Wang Zhanggui quickly nodded:
"Chairman Wang, rest assured, for the first two months, the minus fifteen degrees Celsius antifreeze batteries will still be exclusive to Xingyi mobile phones! After two months, when capacity increases, we'll supply other brands!"
"Good, pleasant cooperation!"
Wang Yi was beaming; he liked this kind of sensible supplier.
What is privilege?
This is privilege!
Privilege bought with 2 billion Hong Kong dollars.
Of course, a few months later, these 2 billion Hong Kong dollars would grow to 5 billion Hong Kong dollars.
Investing in BYD, Wang Yi wasn't investing blindly!
Should he invest a bit more?
Wang Yi fell into thought.
Currently, Meiyou's funds had only a few uses.
Firstly, the costs for mobile phone components would be paid in installments over the next few months.
The money for the first two months was already prepared, so no pressure, and later phone sales would recoup the costs, also no problem.
Secondly, the money for acquiring LTE patents.
The money Meiyou had earned in its accounts was sufficient.
Thirdly, the costs for R&D of chips and basebands.
Together, it would require 3 billion yuan a year, but initially, only salaries and recruitment costs needed to be paid, which wasn't much.
The real money-burning would start during tape-out.
And the funds in Wang Yi's hands not only included a considerable current cash flow but also the 3 billion from shorting HM and cashing out.
Of these 3 billion, based on HM's current stock price, Wang Yi only needed to pay 2 billion.
If Zara's parent company was strong enough to make HM's stock price continue to plummet, then only about 1 billion would need to be paid.
Equivalent to one round of short selling, Wang Yi would net 2 billion.
Coupled with the money Meiyou would earn in the next half a month, even if he invested another 2 billion in BYD, it would be no problem.
Using the money from shorting HM to bottom-fish BYD, isn't that a great deal?
"Chairman Wang, Chairman Wang..."
Seeing Wang Yi deep in thought, Wang Zhanggui couldn't help but speak.
Wang Yi smiled:
"Is BYD currently very tight on funds?"
'What does he mean? Does he want to add more investment?'
Wang Zhanggui's eyes curved into smiles:
"Yes, we're short on cash, incredibly short on cash. BYD is investing in factories everywhere, so we're very cash-strapped. Chairman Wang, do you want to add more investment?"
Wang Yi nodded:
"Yes, at a price of ten Hong Kong dollars per share, I'll add another 1.5 billion Hong Kong dollars, but this money needs to be in the account within one month!"
The first 2 billion Hong Kong dollars, settled within half a month, no pressure.
The second 1.5 billion Hong Kong dollars, settled within one month, even less pressure.
Meiyou's current revenue was enough to support it.
Not to mention the 3 billion from shorting HM!
"Okay, no problem! Absolutely no problem!"
Wang Zhanggui was thrilled; he immediately stepped forward and grasped Wang Yi's hand:
"Chairman Wang, you are truly my benefactor, thank you, thank you so much!"
Wang Yi smiled:
"You're being too kind. To be honest, I'm also short on cash right now, but I'll still help you through this crisis first! Xingyi Technology will temporarily not expand."
"Thank you, thank you."
Wang Zhanggui was incredibly grateful.
At this time, everyone thought BYD was doomed.
Wang Yi even wanted to add more investment, taking a 3.5 billion stake!
Truly a noble person, a patron!
Even more supportive than Warren Buffett.
Soon, lawyers drafted the investment agreement, and after both parties' lawyers confirmed it was correct, it was officially signed.
At this point, Wang Yi became one of BYD's major shareholders.
His shareholding was even slightly more than Warren Buffett's.
This kind of steady money-making business required no hesitation.
Then, Wang Yi looked at Wang Zhanggui:
"Don't worry, although I've become a major shareholder of BYD, I won't interfere too much with BYD's current decisions for now."
"Thank you."
Wang Zhanggui was genuinely grateful.
Wang Yi, however, chuckled silently.
Let BYD follow its course of development.
A few months later, under favorable conditions, reducing some holdings at a high price wouldn't cause too much fluctuation.
When BYD's stock price hits bottom next year, he would buy back more!
There was nothing to be done; Wang Yi's 3.5 billion investment couldn't stop next year's plunge.
Unforeseeable factors were too severe, such as Warren Buffett's cancer diagnosis, the 5.26 incident, etc., causing continuous heavy blows and unexceptional performance...
It's better to take advantage of the favorable news in March to reduce some holdings at a high price and cash out.
When BYD's stock price collapses in June, Wang Yi could then aggressively increase his holdings, which on the contrary, would stabilize the stock price!
One sale and one purchase, making billions in profit would be no problem.
By then, Wang Zhanggui would probably beg Wang Yi to participate in decision-making.
Currently, Wang Yi, as one of BYD's major shareholders, eagerly getting involved in decision-making was meaningless; Wang Zhanggui might even find it annoying.
Once BYD takes a wrong turn, and its stock price plunges by mid-next year, truly feeling the pain, they will then beg Wang Yi to participate in decision-making.
For example, if BYD currently wants to make home appliances, make computers...
If Wang Yi said, 'Don't do it, you'll lose terribly, it will definitely fail,' would Wang Zhanggui listen?
No!
They would only listen after the stock price plummeted next year!
Some south walls, you only learn to turn back after truly hitting them.
However, long-term cooperation with BYD would be greatly beneficial.
For example, if Xingyi mobile phones later receive an overwhelming number of orders and their own factory capacity is insufficient, they could largely let BYD handle the manufacturing.
(End of chapter)