January 2025.
A new beginning this year, big money next year.
This sentence doesn't seem to be very suitable for the Chen family.
After multiple cashing out in November and February last year.
Chen Pingsheng currently also holds a 1.5% stake in Nvidia, 1% in Microsoft, and 2% in TikTok Group.
These three major shares basically belong to his future strategic cash-out shares, and he will definitely not touch them unless necessary.
After all, these are core shares used to support the group's scientific research achievements to go further, and they really cannot be moved around casually.
In the new year, the group’s employees are still in high spirits. Regardless of the external market conditions, Tengying Group has been doing very well in recent years.
Not to mention the long-term, just look at the profits every year, which are growing rapidly.
Their family has been able to obtain stable dividends of 30 billion in annual net profits from various groups.
This is undoubtedly an extremely exaggerated number. It is estimated that before 2028, this number will further expand to around 50 billion.
Because by then we will still have 100% stake in Tengfei AI mobile phones, and Tengfei AI may be able to achieve huge profits.
If nothing unexpected happens, before 2030, the most valuable stocks in his hands will be fully transferred to the existing four giants of Tengfei.
That is to say, 30 years ago, whether it was Nvidia's 1.5% or Microsoft's 1%.
They will mainly be used to repurchase the stocks of their own four Tengfei giants and further expand Tengfei Group's global scientific research results.
Based on Nvidia's current market value, 1.5% is still worth $45 billion.
I just hope it can remain stable for another four to five years, which will probably solve all the funding needs for Tengfei Group's development in the next five years.
On January 10, the group began distributing year-end bonuses for the entire year of 2024.
The minimum is six months' salary, and the maximum is about 12 to 18 months' salary.
Giving money to employees is more effective than any motivational words.
On January 15th, there is less than half a month left until the end of the year.
Tengying Group held a large annual meeting in the gymnasium. Chen Pingsheng’s only summary of 2024 was that the boat has passed through thousands of mountains.
The days ahead will only get better.
The group's traditional sectors can also spontaneously expand their areas of business based on the existing foundation.
They now have the full strength to do so and don't need to worry about being subject to too many restrictions.
At least relying on the green food health supermarket built by Tengnong Breeding, Tengnong membership stores can be opened across the country.
Nowadays, people attach more and more importance to food safety. Even if green food is more expensive, many people are willing to pay for it.
This is the future development trend of large supermarkets, and the core is green and healthy.
After the annual meeting, all that’s left is to celebrate the Chinese New Year.
Chen Anan has already had her vacation, Erpi Ya has also had her vacation, as for Xiao San Chen Lu.
He doesn't go anywhere and just stays at home every day, watching cartoons. Like other kids, he plays King of Glory and PUBG.
The little guy is really good at these two games.
He also asked Chang Fu's son to team up with him every day, and the two of them used adult accounts to professionally betray their teammates.
If you give them a mobile phone, they can play with it for a whole day.
In this respect, they seem to be no different.
The only difference is probably that they see something that they think is unreasonable, or something that makes them angry in the game.
You can say angrily, what a crap game, I want my dad to take it away.
The profit generated by King of Glory in a year is beyond imagination, and the title of national-level game is not an exaggeration at all.
There are not many things that can compare with it, but there are very few.
In order to play with his son, Chen Pingsheng also learned to play King of Glory.
I also particularly like to play Daji, who would suddenly hide in the bushes and then rush out to take away a life with one move.
Just do it and run away. It is easier to play than other heroes.
On January 20th, perhaps it was because An An was under great study pressure in the first half of her senior year.
Chen Pingsheng and his family set off from Hong Kong and embarked on a global sea tour on his own super private yacht.
His yacht, which is worth 2.5 billion, can be said to be the ceiling among yachts.
Anything bigger than this is not a yacht, but a cruise ship.
This is the one he is spending more than 40 billion to build. Jackie Chan has made a movie called City Hunter before, and the Titanic is also a type of cruise ship.
This type of ship is also called the City on the Sea, and can meet all needs of marine entertainment and travel life.
This is a configuration that only top-tier wealthy families can have.
The super yacht departs from Hong Kong and passes through the high seas and several countries.
All routes are reported in advance, so there is no possibility of being intercepted or encountering pirates.
Everything is good during the Chinese New Year. The only unexpected thing is probably the sharp drop in Nvidia’s stock price.
Chen Pingsheng lost at least 30 billion yuan in one day.
It is also a typical example of a country that produces several billionaires from time to time.
The sea trip is planned for half a month, departing on the 20th and returning to port on the eighth day of the first lunar month.
Now that you are this rich, it is actually normal to plan your New Year's celebrations anywhere.
You don't have to go back to your hometown in the countryside to set off fireworks.
Chen Anan and Erpi Ya don't like these. Compared to ordinary fireworks, they prefer to use tens of thousands of drones to create their own grand fire.
Before 2020, Chen Pingsheng had sold all the idle headquarters buildings of the group.
Four or five years later, the headquarters assets he had sold were at least 70% to 80% off.
The excess was cut in half.
He doesn't have many properties left in Hong Kong. Apart from the Barker Road mansion worth more than 2 billion yuan, the only thing left is Chen Anan's small flat in Victoria Harbour worth 120 million yuan.
There is also a top-level private club with an investment of billions.
It was the place where he usually received guests.
For a place I don't visit often, having so many property assets is more than enough.
By the time they returned to Shanghai, most of the people who had gone back to their hometowns to celebrate the New Year had already returned.
The Magic City has regained its former bustle.
Even Chen Anan, after playing for a while, began to prepare hard for the college entrance examination.
Midway through February, she began the harder work of the second semester of her senior year.
Erpi Ya is still the same. She doesn't have to spend too much time on studying and always gets good grades in exams.
As for the mistress Chen Lu, she carried three mobile phones with her.
He handed in one, and the teacher confiscated another, but he still had one in his pocket.
Finally, he stopped clamoring to play with Su Xiaoxi, but the price he paid was playing mobile games every day.
Song Yanxi was also at a loss for words about this.
She has all the worries that ordinary adults have, except that she doesn't have material things, and she also has all the worries when it comes to children.
For example, Xiao San loves to play games, and Er Pi Ya often makes other classmates cry.
She acts like the second princess wherever she goes.
The second princess has arrived, everyone get out of the way.
He is so rich that he has no friends at all.
The big brat is the most reassuring, and he knows to work hard to prepare for the college entrance examination every day.
I don’t know what my next goal is after the college entrance examination.
It's impossible to find a good company after graduating from college and earn a million dollars a year.
The days are long and the years are like spring.
After the New Year, everyone returned to their calm and unpretentious work life.
Chen Pingsheng moved to Shanghai No. 1 Middle School again and became one of the thousands of students accompanying their children to take the exam.
During this period, I also went to the school to attend a parent-teacher meeting, which is also called a parent-teacher meeting.
The education in these schools is terrible. It even makes parents like them nervous.
I want to ask my child seventeen or eighteen times a day how his academic performance is recently.
Is there a lot of psychological pressure?
It must be said that for most parents, senior year of high school is really a hurdle in life.
It's a thousand times more stressful than when I was in my senior year of high school.
Winter passes and spring comes.
February ended in a bustling atmosphere and March arrived.
The share price of Tengying New Energy Vehicle exceeded 700 billion yuan, and that of Tengde Times also rose to more than 600 billion yuan.
The market value of his two stocks is probably more than 400 billion.
Each accounts for about 35%.
In mid-March, he cashed out another 0.5% of his Nvidia shares, earning 100 billion yuan.
Most of it was used to repurchase shares of these two companies.
It attempts to repurchase more than 50% and firmly hold the controlling stake in the group.
If a big boss is willing to buy back a company's shares out of his own pocket, there is no doubt that it must be a high-quality company.
Chen Pingsheng's actions also caused the share prices of Tengfei Auto and Tengde Times' batteries to soar.
On March 18th, Xiaoteng Online, an artificial intelligence software released by Tengfei AI, became a huge hit in the AI world.
By the 21st, the Tengfei No. 1 artificial intelligence robot was put into mass production.
And held a national intelligent robot competition in Shanghai.
This robot was independently developed by Tengfei AI over five years.
It has the functions of home chatting, cleaning, monitoring, checking for dangers, assisting with moaning, and simple body detection.
It can be said that this is a relatively simple and practical household robot.
The development of AI has already reached the stage of robots.
In the future, we only need to wait for the release of Tengfei AI mobile phone to realize full network interconnection in the home.
In fact, Chen Pingsheng has already obtained the AI mobile phone jointly developed by Tengfei AI and Tengde Times.
The reason why it is called an AI phone is mainly because it is equipped with a series of underlying AI architectures through Tengfei AI.
It is also equipped with the best solid-state battery from Tende and Samsung's top screen.
When it comes to mobile phone screens, Samsung has always been synonymous with high-end.
The chip naturally still uses the latest Snapdragon processor.
There are actually three types of chips: one is research and development, and the other two are manufacturing and packaging testing.
Relatively speaking, Tengfei AI and Tengfei Group have the ability to develop chips.
But it is more difficult to produce top-level chips.
China's current chip manufacturing technology has reached about 14 nanometers, which is still a long way from the world's most advanced 3 nanometers.
So far, we are still trying to catch up.
Chip packaging and testing is a strong point in China. Among the top ten packaging and testing companies in the world, four are domestic companies, with a share of more than 25%, accounting for more than a quarter of the world. As early as 2023, these packaging and testing companies have stated that they have the packaging and testing technology for three-nanometer chips.
The chip design process has also reached 3 nanometers.
The only thing holding it back is probably chip manufacturing.
It is precisely because the country has supported a large number of chip companies in recent years that Chen Pingsheng does not intend to do this himself.
The chip industry will definitely have a serious overproduction in the future. Once overproduction occurs, the industry's profits, including future prospects, will be concentrated in the top two technology giants.
The rest are all just supporting roles.
He has been developing the Tengfei AI system, including AI chip design based on AI functions.
As for the manufacturing process, no private enterprise in China can complete it independently.
If there is one, it is probably Taiwan Semiconductor Manufacturing Co., Ltd.
The release of the Tengfei No. 1 robot caused quite a stir in the country.
As for the Tengfei AI mobile phone, only 10,000 units have been mass-produced so far and it is still in the internal testing phase.
Over the years, Tengfei Group invested over 10 billion yuan in 2018 to build a full-ecological supply chain industrial park.
The management of quality control has always been very strict.
Quality control actually means controlling the components in the industrial chain.
Not to mention Samsung screens and Snapdragon chips, these are already the two top components in the mobile phone industry.
For the remaining ones, China has already achieved over 95% independent production.
You just need to strictly control the quality of the parts.
All companies that do a good job in quality control have one thing in common.
That means leaving enough profit for downstream parts manufacturers and making progress together.
This is what Tengfei New Energy has been doing for many years.
If downstream manufacturers are not left with enough profit, most of them will definitely choose to pass off inferior products as good ones.
No company can independently achieve 100% self-production of mobile phone components.
Even Apple can't do it and also needs to assemble and produce domestically.
It’s just that its quality control is very strict.
Anyone who knows a little about this business knows that even if Apple detects unqualified parts, they will still be of high quality if taken to ordinary mobile phone manufacturers.
From this perspective, there are traces of its high prices, including Huawei's high prices.
Similarly, Tengfei AI mobile phones will not target the low- and mid-end markets, but will only target the mid- and high-end markets where profits are the highest.
In these two areas, there are only two manufacturers recognized worldwide.
One is Samsung and the other is Apple.
For well-known reasons, a very powerful domestic mobile phone manufacturer is unable to enter the global mobile phone market.
The most difficult part of the mobile phone industry is that the market has already been formed.
This is true both at home and abroad.
It is almost impossible to become another global mid-to-high-end mobile phone manufacturer.
It was thanks to his accumulation over the years that Chen Pingsheng dared to take a big step into this industry.
Currently, the 10,000 mobile phones are still in the internal public beta stage.
It will take at least half a year before it is actually released.
Testing, tuning, and integration are actually a long process of discovering problems, solving problems, and improving problems.
We just need to wait until we have sufficient preparations here and Tengfei AI mobile phones can be sure to have a place in the same price range, including the global market.
It will be officially announced to the public.
Seriously speaking, it is impossible to sell better than Huawei in the domestic mid-to-high-end market.
Even if the entire group is very confident in its own mobile phone product, no one would think that it can sell better than Huawei.
As for the reason, it must be that its products are good enough.
The most important thing is patriotism, which no manufacturer can surpass.
Neither can he.
Compared to surpassing Huawei in domestic sales, it is obviously much easier to surpass Samsung in global sales.
This is recognized by the entire group, so their goal from the very beginning was to target the world.
(End of this chapter)
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