My 1999

Hynix's revenue is getting higher and higher. If the debt is lower, it will have to pay more corporate income tax. He doesn't want to pay so much money to the South Korean government.

The total debt that Hynix needs to repay next year is not as much as this year.

It can be fully afforded with its own revenue.

And the best way to repay debt is to increase assets and repay debt through higher revenue, rather than paying money directly.

However, Hynix's own financial situation is not able to support its continued expansion.

There is no better investment target.

"Oppa, the global flash memory market is developing in full swing now. After the Wuxi factory is put into production, the debt problem can be basically solved, so should we continue to expand the new factory?" Sun Mingzhen asked.

Feeling the woman's ambition, Xu Liang was very relieved.

He doesn't hate ambition, but hates to be bad.

"No, although Hynix's capital chain is safer, it has not completely escaped the crisis. More importantly, the company's operations cannot always walk on a tightrope, otherwise it will be difficult to survive once it encounters a black swan."

Of course, this is only one aspect.

More importantly, the construction period of a large chip factory is two years.

From now on, we will start site selection, design, planning, and construction. By the time the new factory is put into production, it will be the beginning of 2008.

It just happened to hit the subprime mortgage crisis.

The global economy has not yet climbed out of the subprime mortgage crisis, and it hit the European debt crisis.

In other words, the global economy has been at a low level for at least four years.

This means that Hynix's new factory will lose money before it can make money.

This is undoubtedly a further blow to Hynix's financial situation, and it may even wipe out all the profits of the past one or two years.

He will never make such a mistake.

It is not convenient to talk on the phone, so he did not say too much to Sun Mingzhen.

"If you want to expand Hynix's revenue, buy the shares of Hanhua in the Wuxi factory. It is not the right time for a new factory."

Hynix had limited capital at the beginning.

Hanhua also participated in the investment in the Wuxi factory.

Hynix took 55% of the share with $2 billion plus technology; Hanhua took the remaining 45% with $2 billion.

"I'll discuss it with Xiaoyang."

She also contacted Jiang Xiaoyang about the investment in the Wuxi factory.

According to Xu Liang's understanding, the two of them now talk on the phone regularly, and they talk much more frequently than he did.

The two chatted for a while, and Xu Liang hung up the phone.

Turn on the computer and log in to the backend of Hynix's investment department with your own permissions.

You can clearly see the position, price and rise and fall of each investment.

Equity investment, Xu Liang glanced at it and didn't look at it again.

The key is futures.

If all the shares invested in oil and iron ore are sold, the profit plus the principal will be about 900 million US dollars, plus Hynix's gross profit this year, it will be enough to repay this year's debts.

After a moment of silence, he called Xia Changsheng.

"Mr. Xu?"

"Old Xia, have all the shares and convertible bonds of Unocal been sold?"

"All sold."

"What about the profit?"

"Total revenue of 2.94 billion US dollars."

Xia Changsheng's words were full of joy.

Xu Liang could understand his mood.

Hongyan holds 12.4% of Unocal's shares and $1.7 billion in convertible bonds.

The total income of $2.94 billion means a return rate of more than 90%.

However, this figure is subject to tax.

If the investment period does not exceed one year, a 35% capital gains tax must be paid.

After deducting part of Hongyan's debt, the actual funds received are about $1.8 billion.

"Very good, take out 20 million US dollars to give everyone a bonus."

Although the entire investment was instructed by Xu Liang, it was the company's employees who operated it.

Now that he has made money, he is not stingy with rewards.

"I thank Mr. Xu on their behalf."

"How much has the company invested in oil and gold futures?" Xu Liang asked instead.

"US$2.1 billion, 2.7 times leverage, holding 120,000 lots of WTI crude oil, Brent crude oil and Dubai crude oil positions.

The average position price is US$46.7.

Now the price of oil per barrel has climbed to US$58.41, and our average floating profit is US$1.49 billion (income, not profit).

US$2.3 billion, 2.4 times leverage, holding 140,000 lots of gold contracts, and the average position price is US$394.57 per ounce.

The current international gold futures price has reached US$461.26 per ounce, and our floating profit is US$936 million (income, not profit)."

Xu Liangxin understood.

Because there are no opportunities like the Iraq War or the subprime mortgage crisis, Hongyan's investment leverage in oil futures is not high, and it basically belongs to the category of long-term investment.

After the end of the soybean war, a part of the funds were drawn into oil and gold futures.

However, as the Federal Reserve continues to raise interest rates, it is difficult to obtain low-interest funds.

Using leverage for long-term investment will result in thin profits.

"Mr. Xu, do you want to close your position?"

"No. Please prepare a copy of the latest asset report of Hongyan Fund for me, in detail."

"I will send it to your email right away."

"Yes."

Xu Liang hung up the phone, turned on the computer and waited for a while, then received a notification sound from Hongmeng mailbox.

When he opened it, there was indeed a document.

He quickly scanned it.

The assets listed in the document were not much different from those in the last year-end summary.

In terms of income and expenditure.

In addition to daily administrative expenses.

There are two major expenditures.

8.7 billion Chinese Yuan was injected into Penguin to help Penguin acquire some assets under Hongmeng Entertainment.

1.5 billion euros were spent to acquire 15% of Hermès' equity.

The total expenditure is about 2.9 billion US dollars.

In terms of profit, shorting Vivendi and Bororre Group earned 947 million euros.

Plus 1.8 billion US dollars in long Unocal.

A total of 2.965 billion US dollars was obtained.

The income can basically cover the expenditure.

Excluding equity investment and private equity investment.

Hongyan currently holds cash and short-term bonds that can be used at any time, totaling 13.872 billion US dollars.

But 9.8 billion US dollars of this huge amount of funds were used to purchase government bonds and corporate bonds in the form of Chinese Yuan.

This money was transferred in when he acquired Delong.

In order to share the excellent opportunity of the appreciation of the Chinese Yuan.

If Xu Liang wants to withdraw this money, he needs approval from above, and it is impossible without a few months or half a year.

Therefore, he can only use about $5 billion in cash and short-term bonds.

Although this amount is a huge sum, it is less than one-tenth of the daily trading volume compared to the huge oil and gold futures market.

Holding the list of Hongyan's equity assets.

Apple 14.9% [$890 million in debt]

Amazon 15.2% [$1.04 billion in debt]

Standard Chartered Bank 36.7% [$672 million in debt]

NetEase 17.5%

Sohu 18.3%

Penguin 69.2%

Alibaba 49.99%

Moutai 14.7%

Wuliangye 11.3%

BYD 19.5%

Google 10.3%

Luhua 25% [180 million acquisition]

Yangcheng P\u0026G 20% [13.9 billion Hong Kong dollars acquisition]

Fuhua 7.1% equity [privatized with Hanhua Group]

CYTS Holdings 12.6%

HKEX 48.7%

US$1.3 billion SMIC convertible bonds;

Hermès 15% [half of the voting rights]

It can be said that every investment has great potential, but it is basically not time to harvest.

Even NetEase and Sohu have just shown their potential and are far from their peak.

But in order to raise money, he had to give up part of it.

Of course, it was not a give-up, but just a transfer from Hongyan to Hanhua.

From one hand to another.

In the future, he can also share the dividends of these investments.

In addition to equity assets, there are private equity investments.

On the shelves are Nanjing No. 2 Machine Tool, Tianshan Group, Zhongyan Holdings, NVC Lighting, Nanfu Battery, Yuwang Company, NBA Warriors, Marvel.

Then there are the non-sale items.

Torch Group, Denong Group, Foster Metal Group, Manchester United Group and other companies.

As for Master Kong and Global Travel, they have been put into the family trust.

They belong to his assets, not Hongyan's assets.

The same is true for Hongmeng and Hanhua.

The assets on the shelves cannot be sold in a short time, and it is relatively difficult to realize them.

They can only be excluded from this plan.

Xu Liang took a pen and wrote and drew on paper until late at night before going to bed.

The next morning.

Xu Liang, who was woken up on time by the biological clock, practiced martial arts and fitness step by step.

After breakfast, I took Helen and Lu Hui to Facebook's office area.

As the company continued to grow, especially after the acquisition of Twitter, in order to work better, the company moved to a new office area in Menlo Park.

It covers an area of ​​57,000 square meters, and the main building is a five-story, 69,000 square meter office building.

If the annex building is included, the total construction area of ​​the entire park reaches 85,200 square meters.

In the remaining space, more than 100 different shrubs, herbs and trees are planted.

Coming in from the entrance, three huge camphor trees are particularly eye-catching.

"It's nice here."

"The annual rent is 37 million US dollars, of course it's very good." Helen said.

After parking the car, Helen, wearing a white short-sleeved women's shirt, a brown knee-length skirt and white high heels, pushed the door and walked down first.

"Let's go, I'll show you the Facebook Kingdom that I have worked hard to build for two and a half years."

Looking at the proud beauty, Xu Liang smiled and stepped out of the car.

Lu Hui also quickly followed.

The group entered the building.

Helen instantly regained her attitude as a strong woman, with a smile on her pretty face, her eyes full of dignity, and she walked vigorously and vigorously, exuding a domineering aura.

It was as if a beautiful lioness was patrolling her kingdom.

Xu Liang, who was following behind, saw this and couldn't help but sigh in his heart.

It's true that the environment shapes people.

Thinking back to when the two first met.

Helen, with her blonde hair and big waves, her beautiful eyes, her every move and gesture was full of charm, she was simply a fairy who could fascinate people to death.

But since she founded Facebook, her style has changed drastically.

Not only has her dressing style become serious and conservative, but her temperament is no longer as charming and affectionate as before.

But she is not the only one who has made this change.

Jiang Xiaoyang, Qiao Yuhui, Sun Mingzhen, Christina.

Before having their own careers, they were either graceful, quirky, or charming and affectionate, but after taking charge of a place, they all transformed into heroic, decisive and strong women.

Only when facing Xu Liang in private will she show her charming side.

But this is exactly what he likes to see.

What he likes is to conquer strong women and enjoy the satisfaction of them playing with him and flattering him.