Chapter 197 Equity Establishment
August 23, 2014, Saturday; Zhang Yiru woke up early, which was rare for her. She was in a bad mood and couldn't help complaining to Gu Junhao while getting dressed.
"You have to choose a weekend to sign the contract. You don't even let me get a good night's sleep. I really admire you guys who deal in stocks."
"Haha, we have to trade on weekdays, so weekends are fine."
Gu Junhao responded with a smile. Zhang Yiru was right. Gu Junhao usually left his personal matters to the weekends to avoid affecting his normal stock market viewing.
In fact, it is not just about stocks. For ordinary people who work from 9 to 5 , or even 996, many things are left to be dealt with on the weekends. After all, taking leave frequently is not good.
Today, Zhang Yiru also went to Feng City with Gu Junhao. On the one hand, it was Gu Junhao's first industrial investment and she had to show her support. On the other hand, it was holiday and Gu Junhao was on a business trip, so it would be boring for her to stay at home.
There are many places to visit in Feng City, including the hometown of the bald man, a 5A-level scenic spot, and some ancient towns. For example, thousand-layer cakes, peaches, bamboo carvings, etc. are all relatively famous.
Unlike Beicang, there is nothing.
"Speaking of which, this can be considered the first official cooperation between the two of you. Why don't you pick a good day?"
"Time is running out. The order has come in, and I have to quickly finish the preliminary work so that I can start production quickly. But today is also a good day, the 28th day of the seventh lunar month, which happens to be the beginning of summer heat."
"What good day is this? It's so hot."
"Why not? The End of Heat means the hot weather is coming to an end. It will soon be the cool and refreshing autumn season. Autumn is also the harvest season."
"Okay, whatever you say is fine, hurry up and get up. You're lying in bed and won't get up when I let you."
"Okay, here it comes."
After the two of them had packed up, Gu Junhao drove Zhang Yiru to Feng City. Last weekend, Jiang Jianbai came to Beicang to seek investment, and this weekend, Gu Junhao rushed to Feng City to formally sign the contract.
After driving for nearly two hours, Gu Junhao arrived at the location of Jiang Jianbai's company according to the navigation instructions. After parking the car, Gu Junhao began to look around.
"Berning Auto Parts Co., Ltd." Like many small businesses, Jiang Jianbai's company is not too large and currently has only forty or fifty employees. However, from the outside, it is well planned and clean.
"It's a good name." Gu Junhao said to Zhang Yiru with a smile. According to Brother Jiang, the company's name was taken from a character in his and another person's names.
It is similar to Dong Ge's company; at this time, Jiang Jianbai, who heard the news, also came to the company door to greet Gu Junhao.
"Welcome, Mr. Gu, and welcome to Miss Zhang." Jiang Jianbai said with a smile. Gu Junhao looked him up and down, and felt that compared with last week, Jiang Jianbai seemed to have a significant change in spirit.
"Brother Jiang looks in good spirits. Thank you for your hard work." Gu Junhao also responded with a smile. Jiang Jianbai was indeed busy this week. He had to take care of all the matters inside and outside the house personally, and he slept less than a few hours every day.
Gu Junhao often only half-reads the messages Jiang Jianbai sends him, as well as the occasional posts on his Moments. Unlike Gu Junhao, he is a hands-off boss.
"It is indeed hard work. It is comparable to the period when I first started my business. However, I am happy to be busy. I have a goal and a goal to strive for. It can be regarded as a second spring for me."
"Brother Jiang, you must be joking. You are only 30 years old and your first spring is not over yet."
"Okay, never mind how old he is, let's go in, it's still a bit hot outside." After chatting for such a long time, the three of them stood in the shadow of the eaves of the guard room, but it was still quite hot.
"Wait a moment, Mr. Guo and my assistant are almost here. They had a minor car accident on the way and were delayed."
"It's okay. Mr. Guo has been here before. He knows the way. Let's go in first. I'll treat you to tea today."
"Um... okay." Gu Junhao touched his nose awkwardly.
About half an hour later, Guo Yuanwei and Li Xinyu hurried over. Guo Yuanwei set out earlier than Gu Junhao, but his car stalled on the road and the repair took some time.
As for Li Xinyu, she participated in the project throughout and her performance was recognized by Guo Yuanwei. Of course, he could not leave her behind when signing the contract.
Li Xinyu lived in the same direction as Guo Yuanwei, so Guo Yuanwei suggested bringing her over.
"Mr. Gu, Mr. Jiang, did I delay you?" Guo Yuanwei said after entering the office, and then looked at Zhang Yiru: "Ms. Zhang is here too."
"Well, Xiao Gu said that it's a good opportunity to take advantage of the opportunity to play in Feng City for two days." Zhang Yiru responded with a chuckle. She really came here just to have fun.
"Well, welcome. I feel that compared with Beicang, we have more places to play and eat here. I will take you around after the contract is signed." Jiang Jianbai said immediately.
"That's not necessary. Brother Jiang, just do your thing. It's such a small place, how can it get lost?"
"I can see that you're afraid that I'll be a light bulb, haha; OK, feel free to contact me if you need anything."
"Hello, Mr. Gu, Mr. Jiang, and Ms. Zhang." At this time, it was the assistant's turn to speak. Li Xinyu was very happy that her boss could bring her out to sign the contract this time.
Although it takes up my weekend time, it is also a recognition of my work.
"Well, Xinyu, do you have any plans for the weekend? If not, you can join us in Feng City for two days, and then we'll drive back together tomorrow afternoon." Zhang Yiru said to Li Xinyu.
"Ah, no, no. I will go back with Director Guo then." Li Xinyu quickly refused. The boss just refused Mr. Jiang's company, and I don't want to be a light bulb.
"Boss Gu, you need to hire a driver. You have to drive yourself on this business trip, and Xiao Li has to take the director's car. This doesn't look like the style of a fund manager who has achieved a net asset value of more than 1.5 in two months."
"I seldom go on business trips, so why would I need such a show? But Brother Jiang's words reminded me that I should consider hiring a driver. If Xiao Li goes somewhere to do something for me, it would be safer to have a driver to pick him up."
"Yeah, a driver doesn't cost much."
"Make a note of this and mention it to Director Shen when you get back. It'd be best if he's a retired soldier." Gu Junhao followed the good flow and immediately instructed Li Xinyu.
When it comes to starting a company, I should indeed learn from Jiang Jianbai. Just now, on the way here, Gu Junhao also took the opportunity to visit Jiang Jianbai's company.
Although the Parking Auto Parts is small, it has everything it needs. The plant area is well-organized and the employees are in good spirits. Gu Junhao worked at Deye for a year, so he has a certain understanding of whether these are true.
"Then Mr. Jiang, Mr. Gu, shall we begin?" Guo Yuanwei said after the five of them chatted for nearly an hour.
"Sure, is everything ready, Brother Jiang?"
"Okay, I'll call our company's finance department to bring all the information over. After we sign, we'll go out for dinner. I've already booked the hotel." Jiang Jianbai was also unambiguous.
After a week of evaluation by the two professional institutions, the specific valuation of Berning Auto Parts was finally recognized by Jiang Jianbai and Gu Junhao.
By analyzing the total assets, yield, asset profit margin of the same industry and future expectations of Berning Auto Parts, Gu Junhao finally gave Berning Automobile a valuation of 60 million yuan.
The PE of the manufacturing industry is generally not very high, usually between 10 and 20.
Compared with the current net profit of Berning Auto Parts, the PE valuation given by Gu Junhao is already very high and can be said to be quite generous.
Jiang Jianbai himself is very knowledgeable and is very clear about the current value of his company. He will not ask for an exorbitant price like some old-fashioned people.
Apart from data analysis and understanding of the company, Jiang Jianbai believes that a valuation of between 40 million and 50 million yuan is relatively fair.
As for market expectations, that is all a matter for the future. For a small company, it is common for it to fail to sustain itself when the industry is developing well .
Gu Junhao's first offer gave a valuation of 60 million yuan, which was more than 10 million yuan higher than his psychological expectations.
It may take me ten years to earn this 10 million yuan.
Therefore, Jiang Jianbai did not bargain, considering that Gu Junhao had already pledged his shares. If the price was too high, the investment might fail.
At that time, it will affect the relationship between the two parties. After all, at present, this money is not important to Gu Junhao.
But for me, it is like a timely help. With this investment, I only need to borrow a small amount from the bank to support the shipment of this order.
This is equivalent to Gu Junhao using his funds to bear the risk for himself this time, and then the finance department will get the formal data and contract.
Gu Junhao confirmed it and sent a copy back to Zhuo Yifan. After getting confirmation from Lawyer Zhuo, Gu Junhao officially signed his name on the first investment contract in his life.
Just like the previous fund contract, it was someone else giving money to oneself, but this time, it is oneself giving money to others, which can be regarded as a new beginning in one’s investment life.
"Mr. Jiang, it's a pleasure working with you. The 6 million yuan will be received next Monday." After both parties signed the contract, Gu Junhao changed to a formal address and extended his hand to Jiang Jianbai.
6 million in funds, 10% of the shares, not seeking controlling stake, only acting as an investor, if Berning Auto Parts has the next or multiple financing needs.
Gu Junhao enjoys priority and can increase his shares to a maximum of 30%. If there is a plan to introduce new investors, Gu Junhao can also choose to follow the investment to keep his shares at 10%.
This is what Gu Junhao requested and what Jiang Jianbai would like to see; both sides maintain a clear distinction between the primary and the secondary on the basis of win-win cooperation.
