129: Jiang Chen decided to invest heavily

In fact, this financial institution had already announced its intentions several months prior, declaring with great fanfare that it would re-evaluate Xinghe Group.

It was just that Jiang Chen and Xinghe Group paid no attention.

Seizing this wave of attention, they leveraged it to release the valuation report they had spent several months investigating.

They not only announced Xinghe Group's new valuation but also, at the same time, presented a series of well-reasoned market reports to prove that their valuation was not fabricated out of thin air but possessed considerable accuracy and authority...

Recently, driven by increased market attention, our company, in conjunction with multiple financial institutions, initiated an independent valuation assessment of the non-listed enterprise, Xinghe Group.

By tallying Xinghe Group and its controlled subsidiaries' (covering real estate, infrastructure, commercial holdings, and other sectors) confirmed fixed assets nationwide (including but not limited to self-owned properties, land reserves, industrial parks, logistics centers, etc.), and combining this with regional market price benchmarks and comparable asset transaction cases, the total value of its fixed assets is estimated to be approximately 270 billion RMB.

Adding to this, the acquisition of Cathay Pacific Airways some time ago, and the most recent acquisition of Ping An Finance Center, Xinghe Group must have invested at least 150 billion RMB to successfully complete these acquisitions.

Furthermore, Xinghe Group was able to inject another 110 billion RMB into a charitable foundation.

Just these transactions alone represent at least 260 billion RMB in cash, which further corroborates the substantial extent of its on-book cash and rapidly convertible assets.

Based on non-financial information available through public channels and industry benchmarking analysis, this institution, after comprehensive calculations, believes that Xinghe Group's current overall valuation range is 450-500 billion RMB (with a conservative valuation benchmark of 450 billion RMB).

As soon as this report was released, it wasn't just netizens discussing it; the domestic business community was discussing it even more.

No one had expected Xinghe Group's strength to be so formidable.

According to the report's analysis, the acquisitions of Cathay Pacific Airways and Ping An Finance Center alone required at least 150 billion RMB, not to mention the 110 billion RMB paid in for charity.

This alone indicates that Xinghe Group has deployed at least 260 billion RMB in just half a year!

And what's even more terrifying?

This 260 billion RMB is real, tangible cash!

They haven't taken out any bank loans.

They could only think of Xinghe Group as the only one in the country capable of mobilizing such a terrifying amount of Capital in such a short time...

They used to disbelieve reports that Xinghe Group had accumulated massive cash flow, but now they completely believe it...

Hong Kong, Yun Family.

Yun Tianming, looking at the report in his hand, was also deeply shocked.

A valuation of 450 billion RMB was more than double the entire Yun Family's assets.

Yun Tianming then thought of his niece, Yun Jiaxin, who was in a relationship with Jiang Yan, Jiang Chen's younger brother.

“It seems Jiaxin has married above her station…”

...Capital, an undisclosed location.

“Leader, this is the latest news regarding Xinghe Group, which you have been following.”

The middle-aged man, who looked like a secretary, respectfully said, holding a report.

The leader took it, put on his glasses, and squinted as he read.

“Excellent, excellent.”

...Jiang Chen, while reviewing the Group's valuation report, said to Ji Jun, who was sitting opposite him,

“These financial institutions are quite accurate, aren't they?”

This report was very detailed, covering almost all of Xinghe Group's public assets, and the estimations for Xinghe Aviation and Ping An Finance Center were also largely accurate.

That's why Jiang Chen said it was quite accurate.

Ji Jun smiled and said, “This report couldn't have been produced in a short time.

It seems these financial institutions have been watching us for a while.”

Jiang Chen nodded slightly.

Although these materials were not difficult to find, they certainly couldn't have been investigated overnight.

If Ji Jun hadn't brought this report, Jiang Chen wouldn't have known that his personal net worth had already reached 450 billion RMB.

To be honest, this sudden valuation actually had no impact on them.

If there had to be any impact, it was that the outside world now had a clear understanding of Xinghe Group, knowing that they were a powerful enterprise.

However, Jiang Chen didn't think too much about it.

It was just a valuation.

If people wanted to give a valuation, let them.

For him, even if the Group's valuation reached a trillion, it wouldn't make much difference; after all, he only had so much money.

He knew from the first sentence of the report that this financial company was just trying to ride on their popularity.

Shaking his head, Jiang Chen did not continue discussing this issue but instead told Ji Jun a decision he had made.

“President Ji, I have decided to temporarily halt all non-essential investment activities of the Group and only retain a portion of the funds to maintain the status quo.

Currently, all ongoing projects and funds of the Group must pave the way for the New Energy Business Unit.

What do you think?”

Ji Jun's experience far exceeded his, so for any important decision, Jiang Chen would usually first ask for President Ji's opinion.

The New Energy Business Unit was currently the most crucial part of the Group's strategy, especially now that they had Solid-State Battery Technology.

Facing this market, Jiang Chen decided to hold nothing back and invest heavily.

President Ji pondered for a moment before answering, “Chairman Jiang, I support your decision.

Previously, we didn't have Solid-State Battery Technology, so our plans were relatively conservative.

Now that we have this technology, it's time to adjust our strategy.”

Previously, because they lacked their own core technology, they were forced to take actions to increase the Group's reputation.

Now with this technology, they no longer needed to worry so much or be hesitant.

Seeing that President Ji agreed with his decision, Jiang Chen smiled and said, “It's good that you support it.

In that case, when the general meeting is held, announce this decision.”

“Mm.”

...President Ji nodded, then told Jiang Chen another piece of good news: “Chairman Jiang, Professor Chen has already led the technical personnel to our acquired battery production plant in Wan City, and the first Solid-State Battery has already been produced.”

At this point, President Ji's tone was somewhat excited.

The Solid-State Battery Technology that had plagued the world had been produced by them just like that.

“And this battery is also the world's first Solid-State Battery!”

“Good!”

Jiang Chen couldn't help but softly exclaim.

“President Ji, don't go anywhere tomorrow.

Come with me to Professor Chen's place for an inspection, and we can also see the world's first Solid-State Battery!”

In fact, President Ji had the same intention.

He replied with a chuckle, “No problem, Chairman Jiang.”