Chapter 189 Expectations of Metaverse’s terrifying value potential
Soon after the news came out, many mainlanders raised doubts about the sky-high valuation of $3 trillion given to Metaverse by a Wall Street consortium.
I feel that this number is too outrageous, and it is simply talking nonsense.
Obviously, the imagination of many people today is still too small, and they would not have thought that Nvidia, with a current market value of just over 100 billion US dollars, could reach a height of more than 4 trillion US dollars in seven or eight years.
This is US$1 trillion higher than the US$3 trillion valuation currently given to Metaverse by a Wall Street consortium.
·Whether Metaverse Intelligent Control is worth US$3 trillion has triggered a huge discussion in the mainland.
The company's 2016 performance has also been released. Although it is not a listed company, it will also announce two key data on revenue and profit in the Metaverse community.
Some time ago, the media also reported that Metaverse Intelligent Control’s annual revenue in 2016 was 571.9 billion, with a net profit of 195.7 billion.
Its net profit is approximately US$28.6 billion in US dollars. Apple’s net profit in the same year reached US$45.7 billion, which is about 1.6 times that of Metaverse.
· Skeptics compare Apple with Apple, and conclude that Metaverse is worth at most US$500 billion, and cannot possibly be worth US$3 trillion.
Obviously, this comparison shows that the industry tracks for laypeople are different, the growth potential of enterprises is different, and the price-earnings ratios given are very different.
Comparing the growth potential of the two companies, Metaverse will undoubtedly destroy Apple.
· Yuanjie Intelligent Control still maintains an extremely astonishing high-growth capability. Last year, its revenue surged by 2.5 times, and its net profit surged by 1.8 times.
In contrast, during the same period, Apple's net profit not only did not increase, but fell by US$7.7 billion.
The Wall Street capital market has given Apple a price-to-earnings ratio of 16.5 times, while Metaverse is fully capable of giving it a price-to-earnings ratio of at least 50 times, which corresponds to a valuation of about US$1.43 trillion.
The most important thing is the large expected growth potential, which determines the upper limit of the future ceiling. The future imagination space of Metaverse Intelligent Control far exceeds that of Apple.
The company's major businesses, with the exception of bionic prosthetics, have not yet ushered in a real explosive period.
The sales of Xiaoyuan robots have continued to climb rapidly, the solid-state lattice battery business has been initially commercialized, and the successful development of "No. 5 Metal" has brought revolutionary breakthroughs in the field of metal materials, which has injected a new growth point into the company's future performance expectations.
Speaking of which, there is a saying in the investment community: Metaverse Intelligent Control’s performance will always break out in the next year.
· When Metaverse Intelligent Control’s revenue soared to 75.1 billion in 2014, everyone felt that 2015 would be the real performance breakthrough period. When the revenue in 2015 soared to 163.6 billion, everyone felt that the real performance breakthrough should be in 2016.
Then some time ago, the 2016 performance was released, and the annual revenue surged to 571.9 billion. When everyone saw it, it was more than enough. This was far from the limit of Metaverse Intelligent Control. The real performance explosion should be in 2017, that is, this year.
In short, the real performance breakthrough period will always be in the next year.
· Yuanjie Intelligent Control’s terrifying performance growth and growth potential have always greatly exceeded the expectations of external analysts time and time again.
The company's businesses, without exception, all have ultra-high technological monopoly barriers. Such high-tech monopoly companies are the favorites of capital. If you can't make high-tech products, you can't make them.
Junyi Venture Capital Fund Headquarters.
This is a powerful investment institution in the Mainland. It has investment business in both the primary market and the secondary market. Its asset management scale has reached 350 billion. Its main source of funds is private equity.
At this moment, Zheng Hongyi, the head of Junyi Venture Capital, invited over twenty major LPs.
The so-called LP is the abbreviation of "Limited-Partner", which is usually called "limited partner" in Chinese. In one sentence, LP is: a person who contributes money, but does not work.
These LPs of Junyi Venture Capital hand over their money to this investment institution for asset management. Zheng Hongyi, as the GP, is the one responsible for the work.
"What did you say? The entire upstream and downstream industrial chain of Yuanjie Intelligent Control?"
At this moment, when the LPs present heard Zheng Hongyi’s decision, they couldn’t sit still and looked at him in shock.
Zheng Hongyi said with absolute certainty: "Yes, my idea is to shrink all existing businesses and monetize them, and concentrate funds to invest in the upstream and downstream industrial chains of Metaverse Intelligent Control, especially the humanoid robot industry chain. We need to make a heavy bet. As long as companies have specific business cooperation with Metaverse Intelligent Control, we will invest a sum of money to get on board and occupy a pit."
Direct investment in Metaverse Intelligent Control is the best, but this company is not listed and has rejected all the olive branches offered by capital, so we can only fall back and invest in other companies in the upstream and downstream industry chains.
This time the Wall Street consortium came to visit with great fanfare, and the media reported that Metaverse Intelligent Control may go public in the United States.
As a result, he was rejected. Stephen Roach was not even able to meet Lu An, which shocked the outside media and people inside and outside the industry.
Obviously, there is no need to think about investing directly in Yuanjie Intelligent Control.
After a while, an LP attending the meeting said: "Old Zheng, you don't really think that Metaverse Intelligent Control is worth 3 trillion US dollars, do you? This is outrageous!"
As soon as these words came out, Zheng Hongyi looked at the LP on the spot and asked: "Mr. Qin, you don't really think that Metaverse Intelligent Control is only worth 3 trillion US dollars?" U.S. dollars? "
This rhetorical question stunned the LPs present. Zheng Hongyi continued: "If we give a valuation of US$3 trillion at the current stage, there may be a lot of bubbles, but if the time period is lengthened and we look back ten years later, Metaverse Intelligent Control's valuation of US$3 trillion is seriously underestimated."
Zheng Hongyi added: "It can be said that even if there are no new breakthroughs in Metaverse Intelligent Control in the future, it will be worth more than US$3 trillion in the future just by relying on existing capital."
After careful consideration this time, he decided to focus on investing in the entire Metaverse Intelligent Control industry chain in the next ten to twenty years, and work hard in this field.
But the time cycle is too long. Most of the funds under Junyi Venture Capital Fund are not his. Instead, other investors entrust him with asset management and let him, a professional, make specific business investments to maintain and increase the value of their assets.
Such a big strategic decision must be convinced by these LPs, otherwise they will withdraw their capital and redeem the funds halfway, which will disrupt the entire strategic layout.
However, his surprising decision shocked and questioned the LPs present, who felt that he was too risky.
Facing the doubts of LPs, Zheng Hongyi said: "Think about it, how could the capital consortiums on Wall Street allow themselves to suffer losses? They dare to give this price because they clearly see that the future value of Metaverse Intelligent Control is far beyond the price they gave today."
After a pause, Zheng Hongyi added: " And I, too, I have clearly seen the immeasurable value of Metaverse Intelligent Control. "
Zheng Hongyi looked around at everyone: "Not to mention other new growth points of Metaverse Intelligent Control, the value it can create in the humanoid robot business alone is difficult to estimate."
At this time, one of the LPs said: "Are you so sure?"
Zheng Hongyi immediately broke down the prospects for the humanoid robot business under Metaverse Intelligent Control to the LPs present.
Humanoid robots have brought hundreds of billions of revenue to Metaverse Intelligent Control just by relying on a housekeeping service robot. Zheng Hongyi told everyone that this is just an appetizer for the humanoid robot business.
The real performance explosion will come when production robots become widely popularized in the future.
Whether it is the Xiaoyuan robot that has been launched now or the so-called cyber companion robot that is widely expected by the outside world, although the market potential is also huge, the market size of production robots is even larger, even an order of magnitude larger, that is, more than ten times.
As a more advanced productivity, Zheng Hongyi firmly believes that popularizing robots for work is an inevitable trend in the future.
Zheng Hongyi stood in front of the projection screen in the conference room. He looked at the LPs and continued: "How big is the potential here?"
As he spoke, he called up a PPT and projected it on the big screen in the conference room. Zheng Hongyi glanced at the PPT. Content, "According to the latest data from the World Bank and the International Labor Organization, the current global working population accounts for about 45% of the total population, and the total global population is approximately 7.5 billion."
At this point, Zheng Hongyi withdrew his gaze, and then turned to look at the LPs attending the meeting.
"In other words, for every 100 people in the world, 45 people are in the labor force, which means that 3.375 billion people are working or actively seeking work."
"Of these 3.375 billion people, even if they have a total unemployment rate of 15%, 15 percentage points is already an exaggeration, right?"
"3.375 billion × (1-15%) = 2.868 billion people have jobs. Assuming that the penetration rate of robots in the next thirty years is about 70%, there will be a market gap of 2.007 billion robots. "
"I will not count these consumer-level scenarios such as domestic service robots and companion robots, even if they are 2 billion robots."
"The effect of scale will inevitably lead to cost reduction, and the unit price will definitely be around 250,000 to 300,000. Even if the unit price is 250,000, and the unit price of a robot is 250,000, what is the output value of 2 billion robots?"
"What is the output value of 2 billion robots?" At this point, Zheng Hongyi looked around at the people present.
At this moment, all the LPs couldn't help but calculate in their minds. Before they could calculate it, Zheng Hongyi gave the answer directly. He smiled and said: "Not much, just 500 trillion yuan."
Zheng Hongyi said deliberately in contrast. The LPs present were stunned when they heard this number, and some couldn't help but gasped.
One of the LPs was shocked and said: "Good guy! 500 trillion?"
What is the concept of this number?
This is equivalent to 6.5 times the national GDP last year. The global GDP last year was equivalent to about 522 trillion yuan, which is equivalent to the global GDP in 2016.
After a moment, Zheng Hongyi looked at everyone: "Everyone, this is a conservative estimate. Speaking of Stephen Roach and a Wall Street capital consortium running to Jianing City, it's no wonder that Lu An didn't even meet him. Metaverse Intelligent Control has such a terrifying future growth potential, and they just want to get on board after they gave it a valuation of US$3 trillion? Just dream!"
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