rpbooks Chapter 95 Dry Stocks
Chapter 95 Dry Stocks
Meanwhile, in Shenzhen.
On the morning of February 8th, Zhao Jiancheng and Lin Shiming flew from Wuxi to Shenzhen. They were there to formally sign the first procurement contract between Hongyuan and Weigan.
The contract amount is three million. The purchase of 10,000 micro-sensor drones and IMUs. The unit price is 15% lower than comparable Bosch products.
This is Microsoft's first million-dollar contract for a drone-grade IMU.
The signing was completed at 10:15 a.m. Afterwards, Hongyuan arranged a simple lunch in the small reception room on the seventeenth floor of the headquarters.
After the meal, Zhao Jiancheng and Lin Shiming met with Su Chen alone.
"President Su, there's something we'd like to discuss with you privately," Zhao Jiancheng began.
Su Chen kept the third participant, Fang Xu, behind. He told Zhou Ming and Wu Zheng to go back to the office first.
Lin Shiming was wearing a dark blue suit today. The old man usually wore his lab coat in Wuxi. This was the first time Su Chen had seen him in formal attire.
Zhao Jiancheng took out a pink document.
"Our Microsoft board held an unconventional meeting last week and passed a proposal."
He placed the document on the table.
"MicroSensing has decided to grant Mr. Su Chen (not Hongyuan Company) 0.3% of MicroSensing Semiconductor's stock options, with a symbolic exercise price of one yuan. The grant condition is that MicroSensing's drone-grade IMU's low-temperature drift has exceeded the target, thus fulfilling the performance-based agreement."
0.3 percent. MicroSense's current valuation is approximately 250 million. 0.3 percent corresponds to a paper value of approximately 750,000.
Su Chen did not speak immediately after reading the document.
"Mr. Zhao, these stock options are more suitable for Hongyuan Company. It's not appropriate for me to take them personally."
Zhao Jiancheng smiled. There was a sense in his smile that he was prepared to receive such an answer.
"Mr. Su, I previously advocated for one percent of Microsensory's stock options for you at the board meeting. However, two long-term shareholders objected. Their reasoning was that the importance of the technological contribution had already been acknowledged through patent sharing and priority purchasing rights. Additional stock options were a matter of personal recognition and shouldn't be attributed to the company. I reviewed this several times and concluded that their argument was valid. Therefore, we ultimately compromised on 0.3% of the stock options for individuals."
He paused for a moment.
"0.3% is less than 1%. I apologize."
He nodded slightly. It wasn't a full bow, but a gesture that could be considered a sign of gratitude.
Su Chen put the document down.
"Mr. Zhao, I can accept 0.3%. But before I do, I want to say something. This stock option isn't wealth to me. It's proof—proof that what I've done for MicroSense over the past three months is real. It's not luck, not chance, not a myth written in the media. It's a concrete thing between technologists."
Lin Shiming spoke up at this moment. He hadn't said a word all day.
"Mr. Su, let me add something. This option is not just a token of gratitude. It's a deposit."
He picked up his teacup and took a sip.
"We are already developing the next-generation automotive-grade IMU. The original plan was to complete a prototype within three years. Our internal assessment is that if our accumulated expertise in low-temperature temperature drift can be transferred to automotive-grade standards, we can shorten that time to two years. We will need even more of this assistance in the future."
Su Chen understood the meaning behind Lin Shiming's words.
"Sir, I'll get straight to the point." The old man put down his cup. "Mr. Zhao and I have already discussed this. We are considering hiring you as an external technical consultant for MicroSense. The annual consulting fee is one yuan. However, you will have access to all of MicroSense's process data."
Su Chen remained silent for two seconds.
This advisory commission isn't about a hundred million in stock options or a paper value of seven hundred thousand. Its value lies in trust. In a semiconductor company that has just completed a real technology bet. With the nod of approval from a veteran engineer who has worked at Bosch for forty years.
He stretched out his hand.
"Mr. Zhao, Mr. Lin, I accept. I'll take both the stock options and the advisory services."
Lin Shiming grasped his hand. The old man's hand was still dry and strong, but this time it felt heavier.
"I accept it," the old man said. It was the same word Huang Zhihua had used in Wuxi.
That evening, Su Chen sat alone in his office for a long time.
2020 2 Month 8 Day.
What day? He opened his calendar and marked the day. Not the old list—it was a new list.
Review. A list of dynamically guided ladders. He began to examine it line by line.
The Sensor Wall – September: Level 1, Zheng's OEM Factory. October: Level 2, Microsensor Cooperation Agreement. December: Levels 3-5, Process Improvements. Today – Level 6: Main Procurement Contract + Personal External Consultant Position.
The wall no longer exists. A stable dual-supplier structure has been established.
Wu Zheng's non-compete agreement expires next month. Xu Lang's term as COO expires the month after next. The next generation of the S2 Pro has been halted. Haotai is hesitant. Small-scale testing of the F5 will begin in Q2. The first batch of revenue from China Southern Power Grid has arrived. The number of SDK Alliance clients has exceeded sixty.
The direction is clear.
He closed the calendar app. Outside the window was the Shenzhen night view in February. The Longhua skyline had a few more cranes than it had two months ago. Construction was underway.
He picked up the phone and called Zhou Ming.
"Old Zhou, let's have a meeting tomorrow. Move the timeline for the small-scale testing of F5 forward to the end of the first quarter. We can start preparing then."