Chapter 405 Financial Crisis
Hu Wenhai didn't enjoy the fairy-like leisure days for long. Seeing that the weather was getting hotter and hotter in July, he had to leave Beidaihe, which made people reluctant to leave.
Secretary Chi sent back news, and Hu Wenhai's proposal was very interested. As for the need to combine near-defense artillery and area defense missiles to form a set of important air defense systems that combine ammunition, it seems feasible to be technically proven. Regarding the possibility of a recurrence of the attack on the city war, the same results as Hu Wenhai were also obtained after discussion.
In this way, it is very likely to convince Saddam to continue to support China in developing corresponding equipment. Compared with the previous seven billion projects, although it may not be able to achieve such a large profit and scale, it is a surprise from the sky for the navy, the military system and the entire army.
If the missile and artillery integrated system developed by China can really intercept the attack of the Scud missile. This is not only a financial gain, but also a good opportunity to reverse the current bad image of China Industrial Products in one fell swoop.
Or it can be said that if the anti-missile system with practical results is successful, China's missile and artillery integrated system will undoubtedly usher in a wave of orders from all over the world.
Secretary Chi expressed his organization's gratitude to Hu Wenhai for his advice. The relevant delegation had prepared the information and embarked on the way to Iraq. After the acceptance and commissioning ceremony of 3, we will try our best to get the opportunity to communicate with Saddam himself.
As long as it can impress Saddam himself, this system is very likely to reach a deal.
Hu Wenhai is also very happy. With the financial support from Iraq and Kuwait, he believes that Haifenghuang’s domestic production plan will undoubtedly accelerate again.
After this reply, Hu Wenhai didn't have to stay in Beidaihe and turned north to return to Xiucheng.
In this year, Xinke's revenue fell sharply from nearly 20 billion US dollars from 1985 to mid-1986 to less than 3 billion US dollars. If we look at the stock market, investors may be surprised that the company is in its lifetime and they will sell off their stocks and run away.
However, Xinke Company is not a listed company, and no one will think that Xinke Company will be in its lifetime.
With the company's largest revenue and the progress of the patent sale transaction of water lithium batteries is coming to an end, Xinke is indeed facing a difficult situation to find new profit points.
At present, Xinke Company has removed the benefits brought by the water lithium battery patent, and the profits obtained by simply conducting OEM for DuPont quickly dropped from billions of dollars to less than 500 million US dollars. Other revenues are achieved by Grumman's final payment for Viagra patent, authorization of the giant total section shipbuilding law, and authorization of technology.
In contrast to the sharp drop in revenue, Xinke's spending almost showed an exponential increase in spending from mid-1986 to 1987.
The biggest expenditure is Xinke's investment in Xinke's wafer fabs. The construction of foreign wafer fabs can maintain the investment level at a level of tens of millions of dollars. However, in China, Hu Wenhai found that the previous investment estimates had serious deviations.
The technology required for wafer fab construction has a big gap in China. For example, the construction requirements of clean rooms, the highest level of clean rooms in China can only reach the level, that is, the number of dust particles with a particle size of less than 03 microns is controlled to be less than 3,500 per cubic meter. However, in the microelectronic chip production workshop, the requirement for clean rooms is level 1, that is, the number of dust particles with a particle size of less than 03 microns is controlled to be less than 1,000.
There are mature products abroad that can be purchased, and the price is not particularly outrageous. However, for Hu Wenhai, it is unbearable that even such peripheral equipment must be imported. It is impossible to wait until the 1990s, when the Americans launched a blockade, the lithography function could be produced, but the dust-free workshop could not be produced.
Technology in this aspect is purely for use and waste. If Xinke Fabs does not build a dust-free workshop of 1,000, then in the 1990s, this product would not be available in China. In addition to wafer factories, the application scope of 1,000-level clean room is too narrow, and other companies and projects are even more unlikely to support domestic technologies and industries.
On the one hand, we must fill the domestic gap, and on the other hand, we must catch up with the construction progress of wafer fabs. The construction pressure of dust-free workshops is extremely high.
Fortunately, the technology in this regard does not involve the problem that the domestic industrial foundation cannot keep up, and it can meet the standards in design and function. Only the perchloro fiber filter material that filters 03 microns of dust in the air cannot be produced at the moment, so it can only be imported from abroad first. However, the production of perchloroethylene can be done by itself in China, and the conquest of fiber braiding equipment is also steadily advancing.
But even so, it is still not easy to keep the equipment development up to the fab construction progress. In addition to the relevant staff working overtime day and night, the investment in funds is like a bottomless pit.
The production workshop of the wafer factory is not just a standard of dust-freeness. The construction of the entire chip production etching workshop requires a variety of indicators. Such as vibration, static electricity, temperature, humidity, water quality, noise, and atmospheric pressure, all have extremely demanding requirements.
Just for the materials for decorating the production workshop, domestically, polyurethane elastic floors, enamel paint, special ceramic tiles and special plexiglass are needed.
I'm afraid few people know that just to remove static electricity from the air, the glass in the microelectronic chip production workshop is different from ordinary people, and it is a special low-resistance plexiglass. Polyethylene glass is also conductive glass, but polyethylene glass cannot be used in chip production workshops because its resistance is 1 ohm lower than special plexiglass per square centimeter.
It is to provide air to the production workshop. The air intake from the outside needs to be dusted by negative ions, and then the static electricity in the air is removed. Finally, it passes through the vinyl chloride fiber filter material, so that the amount of dust is controlled within 1,000. It can be said that every mouthful of oxygen that humans breathe in the workshop really has to pay a breathing tax.
In order to catch up with the construction period and progress, relevant domestic manufacturers and research institutes were whipped by the Ministry of Electronics Industry and had 300 years of enthusiasm to barely catch up with the wafer fab construction plan.
It is not as difficult as China to build a wafer factory in any country in the world. Relatively speaking, they only need to make enough money to buy necessary equipment and even engineering services. But China cannot give its industrial lifeline to Western countries, nor does it have the rich accumulation of itself like the Soviet Union.
But to be honest, other countries don’t want this treatment. They are not big gangsters, who wants to block you! Who has the spirit to chew the industrial chain from beginning to end?
In short, the greatly overspending fab project is still like a black hole to swallow Xinke's wealth. But Hu Wenhai still spoke, and the group must agree to any application from Xinke Fab.
In order to inspire the work enthusiasm of state-owned enterprises and national research institutes, some projects even paid labor remuneration in US dollars. In the second half of 1986 alone, the Ministry of Electronics Industry had an additional income of 80 million US dollars on the books. You should know that in the past, the Ministry of Electronics Industry exported but had foreign exchange flowed out like the Yellow River entering the sea. This is almost the first time I have seen money back in the past!
Although Xinke Company can still hold on with such a large expenditure, it is really impossible not to come up with a new profit growth point. Especially the growth of foreign exchange income, if there is no new direction, annual profit drops to ten digits is just around the corner.
It can be said that all the employees of Xinke, and even those who know something about Xinke, are waiting for Hu Wenhai, and will wait and see what miracles he can create.
After crossing the south bridge of the Xiucheng City, Hu Wenhai's new home went east, and there was a delta where the Xiaoling River and the Daughter River converged. This place was originally just a wasteland, but since last year, a engineering team has been here and built a garden-like building at a daily rate.
Nowadays, this building complex is full of people, and there are countless people who travel here every day.
The people entering and leaving here are often not like workers or civil servants, but most of them are full of scholarly atmosphere. Needless to ask, this is the unit that Xinke Group is most valued by Hu Wenhai, the Xinke Academy of Sciences.
Since Hu Wenhai issued the "convening order" last year, many scholars in the fields of electronics, machinery, materials and chemistry have come to try their luck.
Many of them have received support from the New Academy of Sciences. They brought their own projects, and if they are interested, they can provide funding. If they want to do projects from the New Academy of Sciences, they have to work in Xiucheng.
The plan of the New Academy of Sciences is to invest less than 5 billion yuan. Such a large amount of money is actually a bit stretched for the New Academy of Sciences.
The reason is very simple, Mr. Hu is really too troublesome.
The plan of the New Academy of Sciences is two academies, two institutes, two centers, the Electronics Research Institute and the Dynamics Research Institute, a Materials R&D Center, a Supercomputing Center, an Optoelectronics Research Institute and a Battery Research Institute.
The main departments of these six institutions are stationed at Hu Wenhai’s doorstep, which shows Hu Wenhai’s emphasis on the New Academy of Sciences.
However, I had already made a lot of redundant budgets in the direction of ample, but it was verified that the plan could not change faster than the change in one sentence.
No one expected that Hu Wenhai just mentioned to Secretary Lan and asked if the university in the Magic City was interested in opening a branch campus in Xiucheng.
As a result, after the news spread, things immediately went uncontrollable. The four major universities in the Magic City were of course very interested. Although they needed to provide some faculty, the construction funds were provided by the new subjects where to find the good things? What's more, if Hu Wenhai could be recruited to his own school, just thinking about it would feel like a pie fell from the sky.
Hu Wenhai underestimated how hard it was for Chinese universities these days.
Even universities in the Magic City are actually very short of money. No, it should be said that all universities in China are very short of money.
In 1985, China's fiscal education allocation was RMB 22.4 billion, primary education expenditure was RMB 4.7 billion, and in junior high school, high school expenditure was RMB 12.8 billion. That is to say, if other special education expenditures were ignored, the fiscal appropriation of college education was RMB 4.9 billion. By 1986, the central government's decision on education system reform formulated in 1985 was basically to encourage schools to raise funds for education. It was not just to engage in education industrialization like later, but to encourage schools to reach out to local governments, the so-called "raising education funds through multiple channels". Seeing that there was no wealth in the financial appropriation, which was originally not rich, would have to cut another piece.
In this way, the influence of the Magic City Government on major universities has increased rapidly. Not only that, in this case, opening a branch campus is like opening a game and opening a branch base to obtain double resources.
The progress of Xiucheng Special Zone opening is a foregone conclusion at this time. It is said that this year, it will definitely be able to pass the decision-making process and become the only special zone in the north.
When opening a branch in Xiucheng, I think the future "SSEZ" government will definitely not be too stingy, right? Look at the deep Tuchuan, how long it has been since it became a SSEZ, and it is becoming more and more prosperous.
There is no such good thing as a famous Xinke company that pays money and gets a free base!
Not only the four schools named by Hu Wenhai, but all well-informed universities in the Magic City have not failed to seize this opportunity. In the end, the news spread wider, and even well-known universities in other places squeezed in with the smell. Even the old acquaintances of Beihang University and Zhongchuan simply came to the door and took the initiative to ask to build a branch in Xiucheng.
In the end, Xiucheng University College doubled from four schools and turned into eight universities. Beihang and Xiucheng Aviation School merged into Beihang Xiucheng Branch, Zhongchuan and Xiucheng Radio and Television University jointly established Zhongchuan's Xiucheng Media Branch, East China Science and Technology merged Bohai Institute of Technology, and the remaining Xiucheng "best" normal college and normal college did not escape the "harmful hands" and were divided up.
Although they were all mergers, the construction level of the original campus certainly could not meet the requirements of these universities. So Xiucheng Mansion specially set a large area of land south of the Daughter River to build a brand new university town.
The three majorities of Xinke New City, University Town and Xinke Company Industrial Zone have doubled the Xiucheng City and outlined the outline of Xiucheng New City in advance.
So many hungry projects are on the desk of Xinke Group Investment Department, and even if there is a mountain of gold and silver, it seems that it will be impossible to withstand the consumption.
Although Xinke Company, which is in a financial crisis, is not without money, Hu Wenhai himself is also a little scared about the current expenditure and has to start thinking about how to open up new sources of wealth. To be continued.
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Chapter completed!