Tech Giants: Starting from Bankrupt Companies

85: Chapter 85 Dawn CounterattackAugust 6, 8:00 AM, International Conference Hall, Galaxy Hotel, Shenzhen.

The hall, capable of holding five hundred people, was packed to capacity, with aisles crowded with cameras and reporters. There was a sense of suppressed excitement in the air, like the silence before a storm. On the backdrop, a concise and powerful bold title read: ”**Upholding Value, Investing in the Future — Spark Technology Major Matters Briefing**”.

At exactly 8:00 AM, the side door opened.

Without a team of executives surrounding him or PR personnel guiding the way, Su Chen walked onto the podium alone. He wore the same dark gray shirt as yesterday, sleeves casually rolled to his elbows. His face looked slightly tired, but his eyes were clear and sharp, and his steps were steady.

He stood still in the center of the podium. Without an opening statement or pleasantries, he directly faced the dense crowd below and the non-stop flashing lights.

”Yesterday,” his voice carried clearly through the microphone across the hall, ”Spark Technology’s market value decreased by 200 billion rmb during six hours of trading.”

Getting straight to the point, facing the wound head-on. The audience was silent, with only the clicking of camera shutters.

”Many friends, from last night until now, have been asking me: Su Chen, are you panicking?” Su Chen paused, his gaze sweeping over the reporters and analysts in the front row, as well as the investors in the back holding up phones for live streams. ”I say, I am.”

This answer was unexpected, and a slight commotion broke out in the audience.

”But what I’m panicking about is not the 200 billion drop in stock price.” Su Chen’s voice rose a notch, carrying a suppressed heaviness. ”I’m panicking because, even today, when a Huaxia enterprise truly makes some achievements in chip, in batteries, and in high-end manufacturing, there are still people who choose not to believe at the first opportunity. Why can a report full of loopholes and half-truths make so many people waver? I’m panicking about how much confidence we actually have in our own people and our own industries.”

These words were like a heavy hammer, striking the hearts of many. This wasn’t a business defense; it was a soul-searching question.

”I have carefully read that report from Gray Rhino Capital.” Su Chen shifted the topic to specifics. ”It says that the mass production yield rate of our 28nm ’flint one’ chip is only 65%.”

The large screen behind him lit up, displaying a chart filled with data points. ”I can now announce the actual monthly average yield data for the Flint chip factory from July 1 to August 15: **82.3%**. Furthermore, this number has increased by more than 1 percentage point every month over the past forty-five days.” The chart curve rose clearly, with data refreshing in real-time, finally settling on ”Estimated yield for current batch (early August): 83.1%.”

”The report also says,” Su Chen continued, his tone calm but powerful, ”that Hongqi Automobile is Spark’s ’financial black hole’ and will swallow 20 billion in future cash flow.”

The screen switched to a video shot on a phone but with a steady frame. The timestamp was ”2017.08.15 23:17,” and the location was the assembly workshop of the Changchun Red Flag Smart Factory. On the production line, the body frame (body-in-white) of a pure white car model moved slowly under the precise coordination of robotic arms, being assembled and welded. The video finally froze on a clear laser-engraved serial number on the body: ”H9-0001”.

”At 11:17 PM last night,” Su Chen looked at the screen, ”the first body-in-white of Red Flag’s new generation electric sedan, the car model, officially rolled off the line at the new Changchun factory. This is not a model, not a prototype; it is the starting point of mass-produced cars about to enter the market.”

He turned around to face the audience: ”Next, I will announce several decisions made by the Board of Directors of Spark Technology.”

The first line of large text appeared on the screen:

”**First, the share buyback plan: Based on firm confidence in the company’s long-term value, the company plans to use its own funds to buy back company shares through centralized competitive bidding within the next six months. Total buyback funds: not exceeding 20 billion rmb. Maximum buyback price: not exceeding 2,200 rmb/share.**”

The first wave of applause broke out from the audience, but it was relatively restrained.