When the time came on the 30th, Xiaokang had already entered full high-speed operation. The strong performance stimulus and Chu Yuanxi's high bonus made all employees feel excited. This also made some brothers who had a firm belief in going home during the New Year scream and wanted to come back to resume work. However, even if they came back, they could not catch up with this round of work. Chu Yuanxi encouraged them to return to the city where they worked as soon as possible and then start the necessary observation as soon as possible.

Fortunately, there are not many such people in the well-off society, and they are mainly programmers, so their main combat power is relatively well preserved. Moreover, they are not migrant populations, so they do not have to face the serious problems that need to be faced in a hurry to resume work under dual factors.

Such a lively consumption scenario was unexpected before the festival, but now it is reasonable and should be attributed to the power and rules of this industry.

The industry to which convenience stores belong is called wholesale and retail, which is the industry with the largest number of employed people in China. None of them, it also exceeds any other livelihood industry and still maintains high growth.

During this period, although the industry is at the tail end but the largest number of husband-and-wife stores are basically not open, but the demand has not decreased. In particular, due to the dual factors, buying goods has become the first, and buying as much as possible is the second. Price sensitivity has become the last factor, which is even more beneficial for convenience stores with relatively high average customer unit prices.

What's more, more than half of Xiaokang's stores are specially selected to open next to the community! This is an advantage that other convenience stores do not have.

What made Chu Yuanxi "shocked" the data in the past few days is the related sku of hot pot, frozen dumplings and Lantern Festival dumplings. Basically, the total number of related goods sold in 400 stores every day is more than 10 million yuan, and the average single store is 25,000 yuan.

It should be noted that half of Xiaokang's stores are not in the community but in the business district, so the business is extremely cold. In other words, the sales of the community store in a single store are close to 50,000 yuan a day, which is crazy!

Not only did she sell her crazy, but she also drove Ma Xiaoxi crazy. Liu Lu even went out of stock in person to help her sort out the supply chain, and she still started to lose stock. There is no way to do this kind of outage. The manufacturer has already started to produce enough production power, and now the manufacturer is the real master.

At this time, as a considerable channel, Xiaokang has begun to work without compensation to many manufacturers, especially those who are exempt from the on-site fees by Xiaokang, which is always a bit incest. This kind of fulfillment of favors has made Xiaokang often out of stock, but he can always replenish the goods.

However, Yuan Lu was still quite worried. From time to time, she nagged Chu Yuanxi about the data she found and the data after sars that year.

When the Sars was in trouble, the financing level in Asia in 2004 decreased by nearly 30% compared with 2002. The VC investment activities of the State Council were still quite immature in 2004 and could not be used as a reference. However, people in the circle generally predict that this year's investment will drop by another 50% to 70% compared with last year's cold winter!

In particular, many investors are afraid of the heavy asset model and are afraid of the heavy asset-heavy asset-heavy asset-heavy enterprise's manpower and rent costs account for too high, so they will definitely be very cautious when risks come.

However, Chu Yuanxixin said that we are not a very flexible enterprise with organizationality? Haven’t you seen that it maintains great flexibility in the face of crisis?

Of course, it is meaningless to argue about these. Anyway, what Chu Yuanxi saw was that the curve representing the number of core members began to rise, reversing the mediocre impression of the past. This is an excellent sign, indicating that a series of operations are giving positive feedback, especially when Xiaokang did not provide any stimulation or concessions for membership card members. On this point, Chu Yuanxi's attitude is firm and will never be stimulated for the sake of stimulation!

During this period, he has been seeking to meet with the actual controller of Tianxian, and it is OK to meet him through the Internet. The business of fresh food short-term insurance was relatively deserted during this period, because rice ball sandwiches and other things cannot be held at all. It is useless for customers to stock up on a bun and go back, so they are at the bottom of the purchase. This effect will naturally be transmitted to the upstream.

However, because the Chinese New Year is busy, even if it is cleared through investors, it still cannot be arranged. This made Chu Yuanxi a little anxious because Meiduo is also seeking a fair match for the acquisition. If he doesn't even release his wishes and the acquisition is completed, wouldn't it be very frustrating?

The same frustrating thing is "The Unfaithful Lord". During the Chinese New Year, the game field became a carnival among major manufacturers. The deceased pesticide recharge exceeded 2 billion in a single day, and the Peace Elite was no less. However, "The Unfaithful Lord" suffered a loss.

Placement games are also divided into categories, which consume more user time and less user time. "The Untamed" is a standard small amount of time type, and requires manual gameplay to complete the heavy task of consuming a lot of player time. For example, "The Untamed" consumes players' fragmented time. However, there is no concept of fragmented time now...

Therefore, the data during the Chinese New Year is mediocre, not much different from usual, so I can only watch a few top games to make trouble. Originally, Chu Yuanxi also had the opportunity to make trouble, but he had already sold Baren Games... During this period, "Come to the Troubled Times" operated by Unicorn Studio (formerly Baren Games) has made a lot of money, and recharge activities have been one after another. It is estimated that the turnover in January can exceed 1.5 billion, and it will not be less in February.

But there was no such vision at that time. Even if I sold it, the Baren Group could only do nothing. Chu Yuanxi and Lao Fan kept muttering: "I lost, you made money, you made money."

Compared to the well-off period, Ba people are relatively idle. Except for members who have to use company equipment to film, basically no one comes to the company to disinfect. In fact, Chu Yuanxi is quite satisfied with his brothers' performance. Although he works overtime at home, he still does not forget to combine work and life. While the people of the whole country are idle during the Chinese New Year, they take advantage of the fact that they are doing nothing to shoot some life-like and modern works, recording this special Spring Festival.

However, before the Chinese New Year, I had already filmed a large number of videos that were being pushed one after another during the Chinese New Year, but suddenly became a little out of date and did not meet the tone of a special period. During this period, various "home squat" videos emerged, such as "Showing a maggot for you" and so on, which showed idle pain and anxiety about not knowing which day to squat. Once you close your eyes and open your eyes, the holiday was extended. At this time, you can see who is the real home and who is the verbal home at this time.

In this atmosphere, there are definitely a few who are still doing basic skills with peace of mind, but Chu Yuanxi has long developed good habits that cannot be broken even during the Chinese New Year.

For example, reading industry news. During this period, Feng Lin became Chu Yuanxi's "news rival". The two of them pk each other who could dig out valuable industry news faster.

On that day, Feng Lin was the first to throw a piece of it. When Chu Yuanxi looked at the title, Tesla released a 2019 fourth quarter financial report that far exceeded market expectations on the evening of the 29th.

When Chu Yuanxi saw it, it was obvious that this financial report must have been much higher than the expectations of American investors, but for the Tianchao, it can only be said to be normal.

In the past quarter, Tesla produced 15,000 vehicles and delivered 112,000, a record increase from the previous quarter. More importantly, Tesla not only ushered in profits for two consecutive quarters, but also the net profit attributable to shareholders of Q4 actually reached 400 million!

This means that Tesla has officially embarked on the road of profitability. Investors who have been watching each other for many years have finally passed the big cake period and successfully landed. This scene has only been a year since Iron Man was so miserable that he was shorted and killed his teeth and swallowed. It has been a year since Iron Man was unconditionally accepted any financing and rescue plan so that Tesla could overcome the difficulties. At that time, Musk proposed a 42 billion privatization plan like a house-like playground, but today, it is no longer as cheap as it is!

For insiders, Tesla's profits are different from those of traditional car companies. Tesla's gross profit is not average, it is huge. There is no one that can be beaten by Ford, Toyota and BMW!

This is also why after seeing this financial report, Volkswagen's CEO immediately lamented that the good days that belonged to traditional car companies have been gone forever.

"How is it? Did I win today?" Feng Lin said proudly: "This is valuable industrial information, right?"

Chu Yuanxi decided to attack Feng Lin's arrogant arrogance, so he turned his eyes, "It's very valuable, but...but it didn't lose to me."

"Have you discovered more important news?" Feng Lin obviously didn't believe it, because Chu Yuanxi went to communicate with people from the Baren Group early in the morning, but she took the lead.

However, Chu Yuanxi smiled strangely: "I mean, on the 7th, I foreseeed that Tesla's financial report would be super amazing. So this news is valuable to me but useless."

"Why?"

"Because the factory in the Magic City has begun to explode its production capacity. Tesla has received the support of the speed of the country, isn't it true that the production capacity exceeds expectations? In other words, American analysts are fussing that they have never seen the world."

There are extremely obvious logical loopholes in this statement, but Feng Lin was taken a deviantly and asked Chu Yuanxi: "What evidence do you have? Prove that you have foreseeed it long ago?"

"Yes, I have evidence." Chu Yuanxi pressed down with both hands, "Baren Group still has tens of millions of dollars in its overseas account, and will also make some final payments to the account in the future, totaling about 100 million. I invested in Baren, so on the night of the 7th, I took out 20 million yuan to make Tesla's stocks, and I still hold them now and have a transaction record."

This is the first time that Baren Group has carried out a large-scale secondary market operation. However, investment companies have this function. Many listed companies have a separate investment department to copy more easily. Baren Investment has no problem in conducting stock trading within the total amount under the authorization of the actual controller.

It is unlikely that Chu Yuanxi can buy other stocks because he has not studied it himself. If he buys with the K-line Jaguar, it will be no different from the leeks in the big A-shares. However, he has research on cars, not only research, but also has ideals created by himself, the urge to start a business, and a lot of industrial investigations and judgments.

Under this situation, although Chu Yuanxi had given up on the idea of ​​building cars and instead focused on Baren and Xiaokang, Nasdaq's reaction after the delivery of Tesla's Modu factory in January was very obvious, and he could easily make this judgment.

That night, I felt something was wrong with Tesla's pre-market transactions and was very powerless. Chu Yuanxi thought that these people were stupid? Do you lack a correct understanding of the policy dividends of our Great Heavenly Dynasty? Musk learned the operation of the Heavenly Dynasty, and isn't the rest the same?

This is obviously because the market has not seen the correct trend, and the market is wrong! It is mainly because he is idle and idle, so he placed a long order on the backhand. As a result, he woke up and found that it only rose by less than 4%. This increase once made him suspicious, wondering if the United States knows any inside information that is unknown to the country?

Fortunately, Tesla rose all the way later, and by yesterday's closing, it had risen by almost 30%.

Chu Yuanxi is not a stock trading genius. If he went to big A-shares as leeks, it would not be much better than other leeks. If Tesla repeatedly rubbed investors sideways, or fluctuated up and down, it would have shaken him out long ago. However, in so many days, it would only be a small negative line. The others are rising, and they can still hold on to the unilateral rise.

Of course, after Yuan Mu found out about this, he said to Chu Yuanxi earnestly: "I tell you that rising is actually the most challenging for investors' patience, especially when it is given up during the trading session, which affects emotions. The main reason you can hold it is because the trading time in the United States is midnight and you can't see the trading process, so you have sold it for a hundred times if you can hold it if it is a big A-share."

Chu Yuanxi naturally scoffed at this. Of course, the star entrepreneur with a valuation of 300 billion went to trade stocks, and it was really not a good sound when it was rumored. Therefore, he found a high-sounding reason for himself - not to make money, but to do Teslas to make some money!

"Then why are you doing it? For investment?" Yuan Lu thought that he had mastered the essence of Chu Yuanxi's words, but he had never seen this before today?

"Of course, it is to verify the company's analysis of the company, industry and market! Investment institutions must have their own insights and use chips to make their own voices! Going long means telling Nasdaq that you are wrong!"

So today, he took out an account with a floating profit of nearly 6 million. Feng Lin suddenly had nothing to say, and then watched Chu Yuanxi's pre-market commissioning operation of continuing to increase his position.

Chu Yuanxi directly added 10% and filled out the paying form: "Nasdaq has no limit-up, so adding 10% may not necessarily make you buy it."

Feng Lin was frightened because Chu Yuanxi's order was to increase his position by 50 million yuan and go in. "You buy this, and you will directly overdraw your expectations? Have you all the bad things come out? I know that all the good things come out."

"Do you think this is a big A-share marketer who is trading? It's all the good news? Besides, there are many good news. Tesla is not just a car, but also an electronic product. What is an electronic product? It's not about adding the function of watching videos and playing games, but optimizing the system can improve the performance of the car itself. OK? Tesla has a lot of momentum and you don't understand it at all. Its difficulties are in the early stage, and there are many points of failure, but now it has basically passed the stakes. There are some commercial matters behind it, and it will definitely rise."

Chu Yuanxi was still a little sad when he spoke. Creating a high-quality intelligent car-mounted system that is popular all over the world is the source of his dream of making cars and the only big opportunity to see. Unfortunately, time has not been waiting for anyone, so he can only give up.

In fact, there is another huge news on this day, it is just a hammer-dropping style, nothing more than a routine matter, that is, the EU vote for Brexit. The matter is of course passed now, so Britain will officially decouple from the EU on the 31st and start a new and great relationship.

The so-called "no banquet that never ends in the world, according to Chu Yuanxi's words, Britain can finally wield their ancestral squirts.

Turning around the world, Feng Lin found that Chu Yuanxi frowned when he was reading an electronic document when he was browsing, so he asked, "What are you doing?"

Chu Yuanxi simply replied: "I'm angry."

When he talked about being angry, Feng Lin thought of the Weibo he had just browsed, and he was so angry that he was so angry that he could faint from the angry people a thousand kilometers away when hiding at home."

"What have you read again? Ah, don't tell me!" Chu Yuanxi said as he clicked the mouse very hard and dropped the document.

"What have you seen again?" Feng Lin walked over curiously and found that Chu Yuanxi seemed to be looking at the audit report.

Chu Yuanxi turned on his phone and dialed directly, and then shouted in great politeness: "Mr. Li, I said you are a famous auditing agency at least? Are you doing a plane? Did you send a group of novices who have graduated less than three years and form a group to do an audit for me? Is it because we are not listed, so can we deal with it? Don't you check your own partners for your audit draft?"

This review report made him angry. It is said that people work overtime all night to audit, so they should not be too harsh, but the reason they have to work overtime is because the other party failed to complete the audit work before the New Year.

There are objective factors here, and Chu Yuanxi also understood it in the past. The workload of audit institutions is usually huge, and the intensity of overtime work is not bad at all than programmers. This year's Spring Festival is too early, more than ten days earlier than usual. Therefore, it was explained to the members of the founding group that they would not cause any trouble to pay dividends after the New Year. Last year's so-called "before New Year distribution" was also in February. This year's holiday was ahead of schedule, and the audit completion will definitely be delayed significantly.

What's more, there is such a matter of Baren Games selling, which is mixed up. Fortunately, the sale has been completed, and only the divested assets need to be reviewed.

But what kind of super ghost audit is this? Is our intangible asset write-down based on contract, discount or time? Why do these three types appear at the same time in an audit report? Some shouldn't appear in it at all? Is Chu Yuanxi doubting his financial ability for the first time.

Moreover, the auditing company likes to challenge the control points for revenue confirmation given by the company, which is simply sick! And how do you confirm the automatic accounting process with the internal audit? Do you confirm the time of payment? Why do you borrow bank deposits/loan cash in this automatic accounting? Cash is absolutely impossible to be automatically made. This is a way to copy it from? Is it because of the bullying that we didn’t go public?

Therefore, on the last day of January, Chu Yuanxi agreed to ignore the holiday stday, which was agreed to be a stunning event. This audit would delay the brothers and brothers to get dividends. One day every night, wouldn’t the interest be left in the company’s account for one more day?

This is why Chu Yuanxi was angry. He was simply a lawsuit, but I think his anger was definitely not as good as Luckin. On this day, the famous short-selling company Muddy Waters forwarded an unknown report and launched an sniper attack on Luckin.

Muddy Waters is a short-selling institution specializing in sniping the overseas listing of Guochao companies. The founder once worked in Magic City and started a business. Then he found that entrepreneurship is not as good as sniping entrepreneurship, so he turned around.

Since Muddy Waters was established in 2010, there are not many companies that have fallen into their hands. The so-called flies do not stare at seamless eggs, and there are very few people who can escape when they are targeted by Muddy Waters, and most of them are in the impression of Chu Yuanxi. The most famous of them is Huishan Dairy. Although he dealt with Muddy Waters, debt problems continued to be exposed, major shareholders misappropriate funds and other thunders, and they were eventually delisted last year.

However, Chu Yuanxi was amused and laughed at this short-selling report that discovered the New World, because the other party was attacking Rising's performance and business model.

Chu Yuanxi did not think that Luckin had room for fraud and cash flow was not allowed. He had operated the well-off world and knew that he could do whatever he could not do in such a state of extreme hunger for cash flow. At this time, the additional cost paid for financial fraud would kill the company.

He has carefully read Luckin's financial report. If it is fake, why will it create a "fake" of increasing exposure to revenue growth compared to cash flow growth? The bigger the exposure, the less money it makes. Is there such a fake?

As for the business model, Chu Yuanxi laughed. Indeed, Muddy Waters told the truth. Isn’t this a secret that is well-known to the country? In a word, Luckin Coffee is not a stitch or thread from the masses, and has been coveted by the mysterious Western forces.

Then the Shashua, who released the report, hired more than 1,000 people to shoot more than 10,000 hours of video to come to a conclusion that anyone with a discerning eye knows - Luckin is cutting off the tail of capitalism. The key is that Luckin has really cut off a lot. Maybe this is the reason why anonymous reporters can't stand it?

Chu Yuanxi looked at the report date and thought about it. Just this month, he did Tesla's front and back. Luckin launched an unmanned retail strategy, and then made a concerted effort to complete another convertible bond issuance on Nasdaq, and another 1.1 billion yuan was left.

1.1 billion, exceeding the financing scale at the time of IPO, which is equivalent to conducting IPO twice on Nasdaq! If there is anything to say, it is Chu Yuanxi's admiration for Luckin's management is like a surging river. If you want to add one more sentence, please treat the American leeks back, as Americans are also humans!

So Chu Yuanxi felt that the report released by Muddy Waters was just Er. However, there were still several sets of data in the report that attracted Chu Yuanxi's attention.

First of all, the average number of products per order of Luckin fell, that is, the number of cups users bought at one time was less than 300. Secondly, it was estimated that the average number of products sold in each store per day was less than 300, which was lower than Chu Yuanxi's own hypothesis. He originally thought that Luckin's daily sales averaged 700 or 800 pieces per store. If the report is true, it must be that Luckin's coupons have decreased.

This only means that I have not been diligently working hard to drink the 12% discount on the small blue cup recently, so I am not sensitive. However, I think the intensity of issuing coupons after Luckin Coffee's financing is successful will definitely return to its peak.

Feng Lin saw Chu Yuanxi reading an irrelevant report in the middle of the night and was so focused, as if he had forgotten that there was still quarantine. He went over and kicked him, "What are you doing?"

Chu Yuanxi said that this is not a question of whether to operate? Luckin is also a listed company and can be traded in the secondary market.

Although Chu Yuanxi has a rich experience, there are not many opportunities to buy and sell stocks in the secondary market. Originally, there is really no spare money in the world, and this time there is really no spare time. But after thinking about it, Chu Yuanxi decided to decisively and cowardly, although his judgment was that this shorting would not cause any substantial blow to Luckin Coffee.

The reason is that Luckin is too cruel and does not treat leeks as human beings.

Especially considering that they have avoided domestic leeks, Yu Guo is very conscientious and has run to the Pacific Ocean to stretch his head. If he is really cut, he will probably be as angry as the person who posted this report! I have been angry enough recently. I wonder when I will get some good news?

As a result, good news came out the next day, and the actual controller of Tianxian Pack was willing to chat remotely.

—————
Chapter completed!