Chapter 644
A New Year's Gift
Chapter 644 A New Year's Gift (4k)
—Mr. Yu is bearish.
—If you have a different opinion, please refer to the previous sentence.
On February 6th, the 28th day of the twelfth lunar month, which was also the day after LeEco's stock price hit its daily limit down, Sun Hongbin and his friends arrived in Lingang.
LeEco's headquarters are in chaos, executives are contradicting themselves, Jia Yueting's whereabouts in the United States are a mystery, and various speculations are emerging. Securities firms and banks appeared at the company yesterday, and nearby suppliers also quickly came to demand payment.
LeEco is finished.
The most compelling evidence is Jia Yueting's escape.
If LeEco could still be saved, why would he so decisively fly to the United States overnight?
However, Sunac became the one who took over the losses in this matter.
Sun Hongbin knew that LeEco was under financial pressure and had some problems, but he never expected that it would have such a huge hole, estimated to be at least 200 billion yuan. Now it is also facing various pitfalls of related-party transactions.
Seeing this situation, he was truly at a loss.
After much deliberation, Sun Hongbin realized that President Yu had already returned to Shanghai, so he decided to visit him in person in Hong Kong to seek a solution. Although President Yu was not the one who caused the problem, his insight had been proven by various factors.
however……
not see.
After being explicitly rejected on the phone and learning that General Manager Yu was not in the company and would not be coming today, Sun Hongbin could only look at the sea and sigh helplessly.
I might end up being the biggest loser...
So Jia Yueting still managed to transfer the funds and leave...
The car was parked by the sea, and the people who had come with them looked at each other, unsure how to comfort the worried-looking Mr. Sun.
After a while, a close friend brought up a topic: "Hey, this isn't Mr. Sun's fault, it's just that the feng shui here in Lingang is really bad."
Sun Hongbin stubbed out his cigarette with his foot: "What do you mean?"
“Mr. Sun, look, this section of the riverbank is full of reefs, the waves are over ten feet high, the sound is like thunder, and the water is fierce.” My friend said seriously, then pointed to another section, “And look at that section of the embankment, the rocks are exposed, steep as a blade, no vegetation grows, the atmosphere is like a knife, no wonder a big short seller came here!”
Sun Hongbin looked him up and down, frowning and remaining silent.
"It's better not to see each other today. I don't think the turning point is here in Lingang." My friend shook his head.
Sun Hongbin felt somewhat comforted and stamped his foot, saying, "Fine, fine, if I don't want to see you, I don't want to see you. Let's go, get in the car."
The group came and went in a hurry, leaving Lingang.
Yu Xing didn't lie to Sun Hongbin. He wasn't at the company. After finishing his meeting in the morning and completing his last work before the New Year, he came to Lingang to meet the new director, Chen Rijun, whom he had arranged to meet yesterday.
Chen Rijun was clearly also paying attention to Yu Xing's movements. He called last night and said he wanted to visit him in person, but such small talk should not be taken seriously. So the two sides arranged to meet the next day.
Lingang has a new leader, but he didn't come from elsewhere; he's still one of Shanghai's own people.
Yu Xing had met this person before and had learned a little about him last night. He maintained full respect but did not intend to get too close.
Of course, there are still things that need to be said.
When Chen Rijun met Yu Xing, he repeatedly praised the role of carbon and silicon in the development of Lingang, and even talked about the supplementary market mechanism that Shanfeng criticized for its advantages and disadvantages.
Lingang now boasts a high-level management structure.
Yu Xing was more polite to the new director: "Leader, the Silicon Carbon Group could only have been nurtured in Lingang. In fact, we immediately decided to make Lingang our Silicon Carbon R&D and production base."
"The transportation here is convenient, the industrial support is complete, the cost of living is low, the corporate tax policy is good, and it is also close to Shanghai, so there is enough talent resources."
"With SAIC as our role model, and the leaders above providing high-level support for new energy, we are also working hard with many suppliers who have been deeply involved in the industry for many years, such as Baosteel's high-strength steel. Without their breakthroughs, we wouldn't have dared to name this model 'Jiuzhou'. It was only because the product quality was truly excellent that we adopted this name."
"Sometimes when the employees are chatting, they say that the feng shui here in Lingang is really good."
Chen Rijun nodded with a smile.
His secretary, Zhang Xundao, discreetly observed the legendary "King of Short Sellers," finding him not as arrogant as rumored. The fact that he specifically mentioned Baosteel in his remarks suggested he knew the leader had worked there and had quietly made his move.
"President Yu, to be honest, I'm especially happy to see how well you've built up the business in Lingang." Chen Rijun spoke politely, without any condescension, his words tinged with emotion, "I was the deputy director of the management committee here back then, and in six years, it has progressed so much, especially in carbon and silicon..."
"The new energy industry deserves to be highlighted, and it is a major event nationwide. But there is one thing I must specifically point out: Lingang is now walking on two legs, and the other leg, mobile internet, is the carbon silicon data company."
"Mr. Yu, I especially want to thank you on behalf of Lingang for this."
Yu Xing feigned surprise and delight, putting on a show to make everyone happy.
Secretary Zhang Xundao poured tea for General Manager Yu, his mind preoccupied with what his boss had said yesterday: Lingang should pursue a three-pronged approach, or should it rely solely on short selling...?
The meeting between the head of Silicon Carbon and the new director of Lingang was routine, with both sides hoping to see further development of local industries.
Chen Rijun also expressed on behalf of the city that the subsidies for the Silicon Carbon Group in Shanghai will continue until July, meaning that the subsidy policy for the first half of the year will still be in effect as it was last year.
This is real financial support, and it was already promised.
The support from Shanghai remains unchanged.
Of course, Chen Rijun eventually mentioned an organization called Shanfeng.
He asked Yu Xing, "Mr. Yu, I see that you've done... this is called 'empty'? Hmm, it's a very insightful question. After overcoming the hurdle, will you also be doing a lot of work in China?"
“LeEco is purely within my personal area of expertise,” Yu Xing said cautiously. “Guoshanfeng is a research institution, and its main focus is not on domestically listed companies. However, some companies have gone too far, and we still hope to profit in the global capital market.”
Chen Rijun hummed in agreement and gave a very colloquial evaluation: "Your mountain-climbing skills are quite impressive."
Then there is no more then.
Yu Xing felt that perhaps everyone hadn't communicated enough, and it was hard to say for sure what the other party's attitude was. But in any case, it was clear that Guoshanfeng was going to be a regular operation.
That same evening, a globally renowned research firm, Over Peak Research, released a rare research report as a New Year's gift. This time, it did not target any specific company but simply expressed its views on the global capital market in 2016.
The main points are: first, the European financial sector is expected to remain weak this year; second, some emerging markets may underperform; and third, caution is warranted regarding the geopolitical impact of a potential Brexit. In short, this time, the analyst doesn't seem like a short seller, but rather a reputable institution.
As always, new developments over the mountain peak attract a lot of attention, but the content is disappointing.
A strong appeal emerged on the Baixiaosheng Forum: "President Yu, stop pretending! The New Year is almost here, hurry up and do some empty talk to warm up your hands!"
Ignoring the outside world's demands, Yu Xing finally took a long holiday during the Spring Festival.
From the unexpected exposure of the mountain peak to the promotion of the silicon carbon group's listing, there were all sorts of things that caused him a lot of trouble, including Tie Niu, Steinhoff, and LeEco. Now he can finally breathe a sigh of relief.
Although there are still a series of lawsuits to come after the mountain peak, and although the silicon carbon group should pay attention to the reduction of subsidies this year, these few days have finally allowed me to clear my mind.
That's what Yu Xing thinks, but it's difficult for him to actually do it.
At least, Liu Wanying became very interested in the reason why Jia Yueting suddenly dared to face the situation directly, when she presented him with new information to analyze.
This news comes from the chaotic LeEco, where a short-selling report by Guo Shanfeng, which was previously received by LeEco executives, has been leaked.
Yu Xing initially thought it was the same content he had seen that night, but after reviewing it, he was surprised to find that it was completely different from the original letter.
"The data is very close, the logic is sound, and it looks like they've done on-site research. Hmm, are they sending this to LeEco under our name?"
Yu Xing later added this factor to the whole incident and felt that he could understand Jia Yueting's actions.
If such short-selling reports, using the guise of "overcoming peaks," appear in the market, they could easily trigger a chain reaction.
But... Jia Yueting made this move...
Liu Wanying laughed and said, "You're really stirring up trouble. The person who issued the report is doing a great job imitating you. Stirring up trouble has startled LeEco and the venomous snake Guoshanfeng. Tsk."
Yu Xing pondered for a moment and said, "This report is quite complete. I wonder which one Sun Hongbin saw. Sigh, he's not only learned about research, but also about the mystery of anonymity. Who is it?"
The two thought about it together, but with too little information, it was really difficult to deduce who the perpetrator of the copycat crime was.
Yu Xing concluded, "This is the 'overpass' situation. Once the 'overpass' is exposed, as long as the fraud is there, someone will always find a clue. It doesn't matter anymore; LeEco's current situation is beyond saving."
LeEco has only experienced one limit down so far. Because of the Spring Festival holiday, it seems to have enough time to digest the negative news. But that's just an appearance. Even the chairman ran away, and no countermeasures have been given for three days.
I've heard that many suppliers are now living in the LeEco building, waiting to get their money back.
February 7th, Lunar New Year's Eve.
Yu Xing and Liu Wanying did not travel to Nanjing this year. They were simply too tired from thinking too much lately and needed a good rest. They did not want to travel any further.
Therefore, the small town of Haiyan became the place to spend the Spring Festival this year.
However, just in case, Yu Xing still had quite a few bodyguards with him.
As evening fell, Yu Xing and Liu Wanying strolled along the beach, enjoying the sunset.
"Did fewer people send you New Year's greetings this year?" Liu Wanying asked Yu Xing suddenly as she enjoyed the cool sea breeze and the leisurely time, feeling her phone vibrate.
Yu Xing shook his head: "It seems there are even more. I saw the comments on Sohu, saying that I suddenly became one of the most complex business figures in the world at the end of last year. This complexity itself represents more entanglements of interests. There may be a little less text message from domestic sources, but now there are even people from abroad sending text messages to wish me well."
Liu Wanying smiled knowingly: "Many foreign funds are also contacting Red Falcon."
Red Falcon Capital is a secret that is not exactly a secret. Liu Wanying, who has always kept a low profile, has recently received many interview requests from the media, but she has refused them all.
Yu Xing nodded, gazing at the sea rippling in the afterglow: "Let's talk about it. Money is a tool; let's see if we can use it well."
The bodyguards scattered, and the two then chatted for a long time about everyday matters.
That evening, after sending some necessary New Year's greetings via text message, the young couple and the elderly couple still spent their time in front of the TV, eating sunflower seeds, even though the Spring Festival Gala wasn't very exciting.
The elderly couple remained remarkably calm about their son becoming a major short seller. Aside from some uncertain market manipulation, the essence of the matter was simply finding scammers, perhaps on a larger scale, including quite a few foreign scammers.
As for the rest, they didn't want to find out in detail. Their son said that they had hired a top lawyer, and that professional matters should be handled by professionals.
Their only discomfort was the increased security measures, which resulted in a certain degree of restriction of freedom.
At nine o'clock in the evening, the peaceful New Year's Eve was overtaken by the aftershocks of the mountain pass.
NetEase News reported on the recent situation of Steinhoff, a German listed company whose market value has plummeted by 95% and is under investigation. One of the key fraudulent methods has just been exposed: it falsified supply records through a transit company in Luxembourg.
Luxembourg was mentioned during Yu Xing's live short-selling performance.
However, it has only now been confirmed that the initial speculation was made.
The German investigation team penetrated Steinhoff's research, and it turned out that the direction the "King of Short Sellers" subconsciously mentioned was actually true.
Weibo, Zhihu, and Baixiaosheng, among other platforms, reprinted NetEase's report, extracting details and marveling at how Guoshanfeng truly lives up to its name.
Yu Xing even saw news and analyses reposted by others on his WeChat Moments.
He didn't have any particular feelings about it. If it was right, it was right; if it was wrong, he wouldn't be punished. As for the so-called "divine move" or "finishing touch," those were just overstatements.
Half an hour later, Xu Xin sent a message: "President Yu, about the Luxembourg matter, did you really analyze it on the spot? Or did you prepare in advance and hire a shill?"
Looking at the message, Yu Xing turned to Liu Wanying and said, "It's almost New Year's Eve, and people are still asking. Although I was mentally prepared, I now truly feel that Guoshanfeng is really inseparable from us."
Liu Wanying smiled slightly at him: "It's not 'us,' it's 'you.'"
Yu Xing: "..."
Liu Wanying laughed and said, "Boss Yu, you are the world's greatest short seller."
Yu Xing raised his hands, shook his head, and joked, "I remember now, I remember now, I'm not that car maker who just stays in Lingang, I'm the world's biggest short seller, I'm going to wipe out the whole world..."
Upon hearing such words, Chu Qiying, the mother, tossed a melon seed at him: "What are you saying during the New Year? Can't you say something auspicious?"
Father Yu Guosheng chimed in, "Yes, if we're going to have a bloodbath, we should wait until after the New Year."
Yu Xing put his hands down and said, "Forget it, let's celebrate the New Year first. After the New Year, we'll get the big investment bank out of here to take the fall."
(End of this chapter)