Reborn Entrepreneurial Giant

It is impossible for Qu Li to remain indifferent while watching the stock price of Future Scroll fall, which will affect their subsequent financing.

In order to improve the performance of the stock market, it announced a positive financial report, and also announced that this year's R\u0026D investment will account for about 5%, which is much lower than the 10% or more in previous years. The reason for this is of course because the revenue growth rate exceeds the R\u0026D investment. .

You must know that the profit margin of the automobile industry cannot be as high as that of smartphones. It is generally within 10%. If all is invested in research and development, losses are inevitable. Therefore, Future Vision has been losing money until SUV sales exploded last year.

Profitable does not mean high profits. CMEF will build three Gigafactory 1.0 around the world this year and is also building Gigafactory 2.0 in Xingsha. This will cost 40 to 50 billion. However, these are not paid in one lump sum. The money can be divided later. Depreciation over many years.

After the good news was announced, the stock price rose for a few days, and then started to fall again. I don't know why. There are obviously very few voices criticizing him these days. Unexpectedly, Qu Li returned to Yangcheng to meet with the "Governor" of the Hong Kong government.

In addition to talking about rockets and satellites, there is also Internet cooperation. The "Governor" not only wants to meet Qu Li, Lu Qi and others, but also goes to Hangzhou to meet Ah Li's Ma Yun. It is probably for digital government and smart cities. It doesn’t matter what the name is. Anyway, it is to use Internet technology to improve its administrative management capabilities and efficiency.

In addition to the Hong Kong government, there is also Omen, and in the future there will be Southeast Asian countries. Time Cloud has expanded its territory in Southeast Asia. Now it has surpassed Microsoft Azure Cloud and is on par with Amazon AWS. Their advantage is that of multinational enterprises. Time Cloud has the advantage It is a Chinese enterprise and a local enterprise in Southeast Asia, and the future belongs to Time Cloud.

The reason why Guangguang Cloud has these advantages is not only its willingness to invest, but also the improvement of its after-sales service capabilities, including the "sincerity" demonstrated by him on many trips to Southeast Asia.

With Qu Li "retiring" from two companies, Time Jumei and Honor, the outside world is looking for more people, whether it is the United Nations or some charity organizations. For example, Ma Yun went to the United Nations part-time, but what about Qu Li? He's still too busy.

When the "Governor" of the Hong Kong government comes to China this time, he will also go to Beijing to communicate with relevant departments about Internet satellites. If it cannot be implemented in China, he would rather go to Singapore. After all, Southeast Asian countries will be more receptive and less susceptible to trade wars. Influence.

China is generally open to the aerospace industry. Commercial rockets and satellites are encouraged. Commercial rocket launch sites are still under discussion, but there is no chance for the time being. There are policies to encourage private enterprises to participate in satellite operations. Just take a look. If you want to go online You have to connect to the broadband operator. If you want to make a call, you still need to be able to go through the operator.

Qu Li established Galaxy Power to cultivate a rocket manufacturing industry chain in the country, attracting many entrepreneurs to join, such as a public supply chain company to help them with technology upgrades and technology research and development.

He has done many things at Honor, from AMOLED LCD screens to special crystal-ceramics, I have you and you don’t have it, this is competitiveness. However, there are not many restrictions on the cooperation between Galaxy Power and suppliers. They are willing to cooperate, but it is a fact that they may not be profitable for a long time, so this can be regarded as working together to go to the future together.

The "Governor" and others left, and Qu Li went to the Yangcheng Nansha base. The Yangcheng government listed rocket manufacturing as a key project and wanted to support the entire industrial chain. However, the satellite Internet project does not seem to be indispensable. The policies of the relevant departments are unclear and it also involves the sensitive telecommunications industry, so Qu Li can only rely on his own efforts.

As for Qu Li, of course he believes that Galaxy Power is the foundation, and satellite Internet only has a supporting role, but it will be used by Glory, Time and Future, and Future, so promoting the development of things must rely on the joint efforts of these three companies.

In the five years since the establishment of Galaxy Power, although the main person in charge was decided by Qu Li, it is really rare throughout the year. Even when the last launch failed, he made adjustments to the company's management system and processes, and the starting point was not for trouble. people.

There are no marketing personnel, so we can save on personnel, administrative and financial management. We have a relatively capable team in terms of information support, and a large number of mathematicians and physicists have joined us. It is easier to create a relaxed working environment for them. The key is human relations and society. How to maintain strict requirements on team members is the most important.

So he chose the small team combat mode. The upper limit of each team is 10 people, but it is divided into three levels. The average team only has 6 people, followed by 8 people. The next step is to create a positive environment and set a big goal, such as surpassing the god-like opponent SpaceX.

In addition, a technical committee has been established with a fixed number of team members but limited terms. For example, they can be replaced once a year or all in three years. It is a small team, flat management and mobile management. This is what Qu Li did at Galaxy Power. Management innovation.

But even so, the number of employees of Galaxy Power is expanding. They have established five R\u0026D centers in Beijing, Shanghai, Guangzhou, Chang'an and Chengdu, with more than 600 employees. The labor cost alone exceeds 100 million a year. Compared with SpaceX, which developed Falcon 9 , we need more sufficient funds and more engineers, as well as advanced management systems and flexible resource allocation capabilities, including the best productivity at home and abroad.

Whether it is Honor's smart manufacturing or its promising super factory, it is rare in the world and is a global leader in the industry, but not many people in China believe it.

Of course, this does not mean that rocket manufacturing capabilities can surpass SpaceX. Smartphones and cars are both large-scale industrialized industries, while rockets and aircraft are high-precision industries with different natures.

Qu Li, who believes in long-termism, started from basic materials to various high-precision processing equipment in Galaxy Power. For this reason, he also invested in machine tools such as Huazhong CNC. Wherever there are shortcomings, overcome them. If high-end CNC machine tools do not sell full-featured versions, then break through this bottleneck.

Qu Li has shown strong confidence in the future of Galaxy Power, which has also brought tremendous pressure to them. Qu Li has given all his strength to support Galaxy Power. If you don't work hard and take the initiative 996, will you be worthy of his efforts?

After being in Yangcheng for more than a month, the university had started, but Qu Li still did not wait for the future geometry stock to stabilize and rebound. Instead, the market value fell to more than 130 billion, so he had to announce the major shareholder, that is, he would increase his stock holdings in the open market. The management and employees of Geometry Futures can also buy it, with few restrictions.

Qu Li's domestic money was handled by Zhang Yiwen. For example, he bought a total of 15 million Kweichow Moutai shares over the years. Later, he paid dividends and gave out shares twice, totaling about 18 million shares, accounting for less than 1.5%, while China United's The shareholding ratio is close to 5%. Now Moutai's stock price has risen to about 500 yuan, which is already worth 9 billion. It has made 6 billion. The dividends are given to Zhang Yiwen as milk powder, and it is not a big problem to mortgage a few billion.

The next month, Qu Li operated in the open market and spent 1.5 billion to buy slightly more than 1% of Qiancheng Geometric's stock, bringing his shareholding ratio to more than 10%, and the loan interest was distributed as dividends.