"Lao Yu, how far do you think the stock price of microelectronic equipment can go?"

Hu Yang was reading the reports of Liu Qiang and Lin Yan. Yu Hongbo knocked on the door and came in to report about the rebound in the stock price of microelectronic equipment. He raised his head and asked.

Yu Hongbo thought for a long time and said:

"Boss, it's hard to judge the fundamentals of microelectronic equipment. If they can't conquer the exposure optical system, then the production of high-end lithography machines will basically stagnate in the future.

If this is the case, the stock price of microelectronic equipment will fall significantly! Judging from the market reaction this time, investors have recognized their stockpile, but in the end it still depends on whether they can make technological breakthroughs as soon as possible.

Therefore, I think that with this rebound, the stock price of microelectronic equipment will not go far, and it is unlikely to break through the price of 100 yuan, and it is very likely to maintain the box movement of 80 yuan to 100 yuan."

From a professional perspective, it is not easy for Yu Hongbo to be able to analyze so much.

Hu Yang smiled and nodded:

"Lao Yu, I believe what you said. There is no real support for the rebound in the stock price of microelectronic equipment. However, in the future, microelectronic equipment will not be able to maintain the box movement you mentioned, and it may fall for a while."

"Plummet? So fast?"

What Hu Yang said confused Yu Hongbo, but Hu Yang had no intention of continuing to explain, so he immediately turned around and left the room.

night.

Meng Rusong and Zhang Xiao came to Populus euphratica's old bungalow.

The few of them prepared a few dishes at home, opened a bottle of Moutai, and chatted while drinking.

"Mr. Hu, we may be on the wrong path to putting microelectronic equipment on the market."

Meng Rusong heard some unconfirmed rumors from North America, which made him a little worried.

Hu Yang didn't really agree with the listing of microelectronic equipment before, but since other parties had this idea, he voted in favor.

In his opinion, the problem of microelectronic equipment being put on the market in China is not big. I wonder what Meng Rusong means by this sentence?

Zhang Xiao saw Hu Yang's confusion and explained:

"Both Mr. Meng and I have heard a rumor that North America will refuse to export any relevant parts to the company on the grounds that high-end photolithography machines for microelectronic equipment have military uses.

If this is the case, then the stock price of microelectronic equipment will collapse, thus bringing about greater negative effects."

The working principle of high-end photolithography machines is very complex and involves thousands of parts.

For example, lasers, beam straighteners, energy controllers, shutters, energy detectors, masks, mask stages, objective lenses, measurement stages, exposure stages...etc.

In addition to purchasing exposure optical systems from Bolong Optics, microelectronic equipment also has many parts that need to be imported.

It is inevitable that some parts are produced in North America, or some parts use North American technology.

When Hu Yang heard this, he couldn't help being stunned. He had never heard of it before.

"Mr. Zhang, is there any way to replace the parts supplied by North America with domestic ones? Or we can import them from Japan and Germany."

Hu Yang also became a little nervous. He wanted to acquire microelectronic equipment, but he didn't want to see the other party collapse.

Besides, will Bolong Optics face the same situation when its high-end lithography machines are mass-produced in the future?

Originally, Hu Yang thought that the stock price of microelectronic equipment would plummet, which was based on his judgment of the market.

After the market fell below 4,000 points, it had a relatively strong rebound. Optimists in the market believe that the market will soon break through the previous high and head towards 8,000 points or even 10,000 points.

However, Hu Yang clearly realizes that all optimistic judgments are nothing more than good wishes. He himself believes that the market will undergo a plummeting process next. It is obvious to fall below 2,000 points, and it is not surprising to even fall below 1,000 points.

The market plummeted, especially when it reached the final stage of panic. It was like mud and sand, and no one was immune.

Neither can microelectronic devices.

Therefore, Hu Yang repeatedly told himself to wait patiently. When the time comes, he will enter the market to hunt for the bottom. Let alone the price of 50 yuan per share, the stock price of microelectronic equipment may fall below 20 yuan.

Unexpectedly, before the market plummeted, another black swan took off again.

"Mr. Hu, it is difficult to achieve 100% localization of thousands of parts of high-end lithography machines. Although the company has proposed a spare tire plan before, you also know that we need to focus on solving the problems in the past few years.

, there is still no problem.

As for importing parts and components from Japan and Germany, that is an option. But it is difficult to ensure the security of the supply chain. Who knows whether North America will put pressure on them?"

Zhang Xiao had been the chairman of Microelectronics Equipment before. This rumored threat made him feel restless.

If North America really does this, it will not only be a disaster for microelectronic equipment, but also a disaster for Braun Optics. The other side is now starting to suppress microelectronic equipment, and will not let Braun Optics go in the future.

But the good thing is that Bolong Optics has not yet entered the field of complete machines and will not receive major attention for the time being.

"Both Mr. Hu and Mr. Zhang, no matter whether they are reliable or not, we still need to be prepared to substitute imported parts from Japan and Germany.

In addition, we are also a major shareholder of microelectronic equipment, so we must quickly remind them to reserve a batch of key parts."

When Meng Rusong said this, he felt both funny and sad.

Microelectronics Equipment has just signed a temporary purchase agreement with Bolong Optical to purchase exposure optical systems worth hundreds of millions of yuan from the company as a reserve for annual production.

Now we have to purchase key components from North America or around the world for bulk storage.

This is like being trapped in an inextricable cycle. If a company cannot ensure the security of its supply chain, it will eventually perish.

But this result really cannot be blamed on microelectronic equipment. No company can fully control the supply chain of thousands of parts.

Neither can ASML, whose production also requires sourcing raw materials and components from around the world.

Hu Yang was also helpless. He shook his head and said, "I'll tell Mr. Li later. He must be able to see this crisis."

The reserve of key parts can meet the production volume for one year at most. So what will happen after one year? It gives me a headache just thinking about it.

"Mr. Zhang, Bolong Optics must pay attention to this issue now. Don't wait until we officially start mass production and be stuck again."

Hu Yang plans to have people implement this news as soon as possible, but regardless of whether the news is true or not, Bolong Optics must arouse vigilance.

The three of them sat there until about 11 o'clock in the evening, before Zhang Xiao and Meng Rusong said goodbye and left.

The next day.

Hu Yang came to the office in the morning, and before he even bothered to call Li Qi, Yu Hongbo hurried in.

"Boss, microelectronic equipment fell by the limit as soon as the market opened today. There are many rumors in the market, and they are all about anything, but they mainly involve the company's raw materials and key components that may be out of stock."

Hu Yang had just said that microelectronic equipment might plummet, but today it hit the limit. Yu Hongbo looked at Hu Yang with admiration in his eyes.

"Ahem, I said before that microelectronic equipment stocks would plummet, but I was not referring to these things. Didn't you notice? The recent trend of the market is not good.

Youdao may be groundless, but let me put it this way, the suppression of microelectronics equipment in North America is probably true."

Hu Yang had no way of predicting such sudden bad news. He also knew what Yu Hongbo was thinking. This incident happened by chance and the timing just happened to happen.

Yu Hongbo felt that this was the boss's excuse. He must have foreseen this round of crisis in microelectronic equipment.

Otherwise, how could such a powerful boss watch Pinnacle Capital reach into microelectronic equipment?

He heard that the boss also showed restraint in front of Director You. The other party wanted to decouple from Bolong Optics, and the boss agreed without saying a word. Looking back now, maybe it was to avoid risks this time.

Therefore, within the Huijia Department, many people regard Hu Yang as a myth. This is mainly because his past achievements are too dazzling, and everyone thinks that he should be omnipotent.

Hu Yang didn't know what Yu Hongbo was thinking in his heart right now, but it was obvious that the other party didn't believe what he said.

"Lao Yu, please pay close attention recently. If there is a suitable opportunity, you can consider buying some microelectronic equipment stocks in the name of Bolong Optics."

Hu Yang was too lazy to explain anymore, so he gave Yu Hongbo an explanation and waved him away.

Not long after, Wu Xinhui knocked on the door and came in, saying: "Director Li from Microelectronics Equipment is here. He is downstairs. Does Mr. Hu have time to see him?"

Hu Yang originally planned to call Li Qi, but he didn't expect that the other party actually came directly to his door.

"Assistant Wu, go pick up Director Li and take him directly to the reception room."

No need to ask, Li Qi must be here for those rumors.

But Hu Yang has no good way to help him for the time being. The most he can do is to suggest that he stock up on more raw materials and parts.

Ten minutes later, Hu Yang saw Li Qi in the reception room.

"Mr. Hu, microelectronics equipment is in a huge crisis. I hope you can help me to help the company survive this difficulty."

Li Qi was really rude and asked Hu Yang for help as soon as they met.

Hu Yang smiled and waved his hand and said:

"Director Li, it's not that I don't want to help. The two major shareholders of the company are standing there. What's the matter with you coming to me?"

Besides, even if I am willing to help for the sake of you, Director Li, the question is, what can I help you with?"

"Look, I'm really a little anxious and confused, and my words are all messed up. Mr. Hu, didn't I just sign a temporary purchase agreement with Bolong Optics?"

I have already paid 30% of the advance payment. Can you please give me a little more time for the remaining payment? Don’t worry, I will pay it off within six months.

I am doing this to reserve a batch of raw materials and parts, which requires at least one year of production inventory. Please understand."

Regardless of the fact that the company has just received a raise, the cash flow of microelectronic equipment is not very good. It had previously repaid a debt of 5 billion yuan to Hi-tech Venture Capital, and it still needs to repay the other party 5 billion yuan three months later.

When Li Qi received the news that North America was preparing to cut off supply, he immediately decided to reserve some raw materials and parts. With a year's buffer, he could find a glimmer of hope.

Hu Yang had discussed with Zhang Xiao and others before and planned to complete the interim purchase agreement for microelectronic equipment in three months.

But since the other party is currently short of funds, it doesn't matter if the delivery period is extended to six months.

"Director Li, go back and discuss it with Mr. Xu and Mr. Zhang from Bolong Optics. I'll say hello to you."
To be continued...