Continue with the previous part of "The Truth of another Part of the Ni Liu Dispute Is Obscured" / "Lenovo's Equity Change Path" / "Lenovo's Red Riding Hood Background"
Lenovo's predecessor, the Institute of Computing Technology Company of the Chinese Academy of Sciences, was registered as a national ownership company when it was founded, and at the same time shouldered the heavy responsibility of making money to support the people of the Institute of Computing under the condition of reducing or even zero financial appropriations. It is both a state-owned enterprise and has been given the gene of making money by its superiors. This duality of state-owned enterprises and private enterprises is manifested on the road of enterprise development as if Ren Zhengfei is not in charge, the enterprise is Huawei; Led by Liu Chuanzhi, it has naturally become a large notebook assembly factory today.
Ni Guangnan presided over the development of the microcomputer motherboard, expansion card and Lenovo series of microcomputers as the chief working hour, and launched China's first 486 and 586PC machines in 1992 and 1993 respectively; At the same time, the scientific research team was organized to develop dozens of fist products and national new products such as Chinese character systems, application software, Chinese character laser printers, program-controlled switches, etc.; Among them, the Chinese character system and the Lenovo series of microcomputers have won the first prize of the National Science and Technology Progress Award. Ni Guangnan is truly china's chief computer scientist.
At this time, Lenovo is one of the companies with the highest technology content in China, and the economic benefits created by Ni Guangnan's research and development, and the products he presided over directly led to the new technology company from a non-real-life brick moving trading company, quickly returning to the ranks of high-tech companies, and rapidly developing into Lenovo Group. In the past ten years as chief engineer, Ni Guangnan has transformed "Lenovo" from a computer Chinese idea into a product, and then sublimated into a corporate brand and enterprise group. Ni's series of scientific research products have contributed about 4.8 billion yuan in revenue to Lenovo Group. Whether from the perspective of scientific and technological achievements, intellectual property rights or economic benefits, Ni Guangnan is a well-deserved core entrepreneur of Lenovo. Coupled with the investment in microcomputer equipment he purchased at his own expense to return home by sea, it is appropriate for him to occupy a higher weight in the 35% dividend right.
For the future, after years of investigation and research, Ni Guangnan presided over the formulation of the "1995 Lenovo Group Development Plan". He believes that Lenovo has independent design capabilities for microcomputer motherboards, "If it can make a breakthrough in the field of chips, Lenovo will establish its position in the global computer industry in one fell swoop." He called this idea the "China Core" project. To this end, he has traveled back and forth to Shanghai, Hong Kong and other places many times, recruiting talents, and plans to establish the "Lianhai Microelectronics Design Center". As a result, when it came to approval, including the establishment of an integrated circuit design company and the joint preparation of a chip design project with Fudan University, Liu Chuanzhi rejected it all in 9 words: "No one, big investment, it is not appropriate to engage."
Scientists want to do things, businessmen want to make money. Scientists meet businessmen and lose perfectly logically. "Technology, industry and trade" is inferior to "trade and industry". The triple jump of "trade, industry and technology" has enabled Lenovo Group to achieve leapfrog development.
Huawei's story is another version: in 2002, HiSilicon's first COT chip was successfully developed; 10 years later, Huawei mobile phones equipped with HiSilicon mobile phone processor chips were released; In 2014, Huawei's Kirin series chip 910 was born; By 2020, kirin 9000 5G chips have become the world's leading mobile phone chips. Huawei's 5G technology has led the world trend. One of the most important reasons for Huawei's success is that founder Ren Zhengfei only holds 1.0142% of the shares, and another shareholder union, including technology personnel, holds 98.58% of the shares.
If more companies had stuck to the core technology and given scientific and technological personnel the shares they deserved, rather than bent on making quick money, making big money, and depriving scientific and technological personnel of their original shares, then what would happen to the international trade game that began to manifest and deteriorate in 2018?
However, Huawei's story has nothing to do with the Ni Liu dispute, and at most can only be used as the background of its times.
On the surface, no one can deny the ni liu dispute, and Liu Chuanzhi is the victor.
After Ni Guangnan was out, he tossed and turned, especially after experiencing the Ark chip incident, and has not achieved brilliant achievements so far. And Liu Chuanzhi has been in the limelight for decades, known as the godfather of entrepreneurs, talking about the feelings of home and country, and the highlights have been the same for a long time.
But what the insiders saw was that the heaviest proportion of Liu Chuanzhi's victory was a disgraceful hidden under the explicit card of "trade, industry and technology" replacing "technology and trade": that is, using administrative power to deprive scientific researchers of their existing equity, and at the same time, the shares of future new employees, including scientific researchers, which were originally agreed to be reserved for scientific researchers, were owned by the senior management.
Ni Guangnan's existing equity has borne the brunt of the victim, and the equity card of new employees in the future has also become a dark card that disappears in an instant. Whether the scientific and technological personnel hold shares is the most basic factor to prove their status and identity, and it is also the most basic condition for whether the technology company can become Huawei. At Huawei, the shareholding of technology personnel is a clear brand. In Lenovo, it used to be a bright card, but Liu Chuanzhi turned it into an optional dark card through stock reform. This dark card has become the gene that determines the nature of Lenovo's enterprise. No matter how the outside world changes, the dark card does not change, Lenovo will never become a technology company that makes a difference.
Liu Chuanzhi realized the essence and importance of equity earlier and deeper than the average person. Since Ni Guangnan joined Lenovo with Hanka and the company's production and marketing went up the ladder, Liu Chuanzhi began to use the brain of equity.
A large number of profits continued to be handed over, and in 1993, 35% of the dividend rights were finally ground from the Chinese Academy of Sciences; Before Lenovo's first share reform in 2000, it fired Ni Guangnan and stripped him of his shares. Then, while enlarging the scale of assembling notebooks and expanding Lenovo's business empire on the road of "trade and industry technology", it patiently follows the trend of policies and regulations, repeatedly polishes the path and steps of further changing equity, and confirms that there is no risk before starting to act step by step for the camp: the introduction of private enterprise strategic investor A; Establishment of a "joint holding system" of numerous limited partnerships B; Then B merged with the Employees' Shareholding Association and incidentally concentrated 35% of the shares in the senior management (the agreement that the original 45% dividend right was left to future new employees became waste paper); Yang Yuanqing and other executives who later joined Lenovo Group entered Legend Holdings through the "joint holding system" curve; A and B reciprocate and transfer equity to individual executives at the same time; In the past few years, a combination of sea, land and air has been punched down, and Liu Chuanzhi has quietly transformed Lenovo from a nationally owned company into a private enterprise, while also quietly transforming The senior management of Lenovo into the invisible actual controller of Legend Holdings.
What is even more breathtaking is that every big or small change in Lenovo's equity has been approved by requesting instructions, without missing key personnel, and is in line with the policies, systems or regulations at that time, and in line with the relevant procedures that should be followed. In several investigations conducted by organizations such as the Central Commission for Discipline Inspection, the State Ministry of Supervision, the State Audit Bureau, and the Chinese Academy of Sciences, no objections have been raised to this point. This means that the "Lenovo Six Questions" that once made a lot of noise will not stir up too much waves in the future. Liu Chuanzhi is indeed a businessman and a high-ranking person who can skillfully use policies, regulations, interests and connections to make a large enterprise eliminate opponents who legitimately seek benefits.
Nowadays, Liu Chuanzhi personally directly holds 3.14% of the shares of Legend Holdings, not counting his indirect shareholding in Zhiyuan, nor is it counting the hundreds of millions of yuan of income that he has earned in Legend Holdings and Legend Group every year after retirement, and the equity of Legend Holdings alone is worth billions of yuan. Legend Holdings is the top-level holding platform of the Legend system, and Lenovo Group, Legend Capital, Hony Capital, Rongke Zhidi and Digital China are also its five first-level subsidiaries. In 2021, Lenovo Notebook once again ranked first in the world with 63.4 million units shipped or a market share of 24%.
Liu Chuanzhi now lives in the famous Wanliu Academy in Haidian District, Beijing, surrounded by 5 meters high walls, the Netherlands contains minerals pure hand-fired wall tiles, the daily sunshine angle is different, the brick color is also different; With a history of 260 years, from Zhejiang huge sums of money and original restoration of the "Wanglong Pavilion", the façade is golden and brilliant, a bronze gate can be exchanged for two luxury cars, the courtyard of the clubhouse is more luxurious than the official residence of the Prince of the Qing Dynasty, the owner of the community, the home is like a palace, the living room can play basketball, and the decoration is comparable to the Forbidden City. If there is no Sima Nan to do things, then Liu Chuanzhi will still be the real behind-the-scenes controller of Legend Holdings. This kind of comfortable life that is high up to the clouds, how many people in the world can experience!
The 83-year-old Ni Guangnan is like Tang Jikede. He used the results of research and development to cultivate and strengthen Lenovo, but in the end he was expelled from Lenovo by depriving him of his equity. The major projects he once promoted have not been completed. For the dream of Chinese chips, he was deceived and used by one person after another. Now he can't climb the stairs, he still rents a single house for eight years, can't afford to hire a live-in nanny, cooks a meal and eats two meals at a time, works as a consultant at an artificial intelligence company, and still rides a bicycle for chips to run in the front line of production and manufacturing.
The battle of Ni Liu, which wins and which loses, is clear at a glance. Capital is strong, technology is weak.
However, as a well-known public figure in the country, Ni Guangnanliu Chuanzhi is far from winning or losing only from the perspective of status and material level. At the very least, we should observe and judge from the perspective of official attitudes and public opinion.
In 2018, Ni Guangnan won the title of "Most Beautiful Science and Technology Worker" from the Central Propaganda Department, the Ministry of Science and Technology and the China Association for Science and Technology, and was known as a giant expert in China's computer industry.
On January 9, 2022, CCTV Channel 9 broadcast the 5th episode of the Immortal Series: "The Immortal Life - Ni Guangnan", a documentary that reviews and affirms Academician Ni Guangnan's contribution to China's computer industry for decades from the perspective of exploration and pursuit. Academician Ni stressed in the film: the core technology is not coming, buying, and begging, and the current is the best era of innovation and development. He used his lifelong perseverance to explain what dedication is and what is occupation.
In 2021, 77-year-old Liu Chuanzhi was feeling unwell. First, soon after Liu Qing's Leader Didi went public in the United States, it was interviewed by seven ministries and commissions, including Guoan, and then was officially announced to be delisted; After that, Lenovo Group 'day trip' to the Science and Technology Innovation Board at the end of September; In early November, Sima Nan released the "Lenovo Six Questions" video, and then Zhang Jie, Li Su and others joined; The more the more the association topic is getting hotter and hotter, Liu Chuanzhi, who has three in and three out of the association, and Liu Chuanzhi, who originally had no regrets in life, once scolded and slandered the whole network. Liu Chuanzhi emptied Weibo and set up "half a year visible".
On April 7, 2022, the Beijing Securities Regulatory Bureau took measures against Legend Holdings to correct administrative supervision.
However, it is easy to see that these problems are not big problems. Lenovo's senior management doesn't seem to be in big risk. Because of many issues such as the loss of state-owned assets, the penalty documents did not cover it.
But this does not mean that Lenovo can step out of the whirlpool of public opinion. A very important reason why Lenovo will be targeted by public opinion is because for decades, Lenovo has only known how to make money regardless of the overall situation, so that a first-class technology company has gradually fallen into a computer assembly factory that has nothing to do with technology. Tech companies, nothing to do with tech!
On November 8, 2021, Lenovo Group officially announced the launch of the "Global Large-scale Hardcore Science and Technology Talent Recruitment Plan", which plans to recruit 12,000 scientific and technological talents for the society and universities in the next three years. On April 6, 2022, Lenovo officially announced that the total investment in research and development in the next five years will exceed 100 billion yuan.
Lenovo set up a chip company "Dingdao Zhixin", with an investment of 300 million yuan. Huawei invested 125.7 billion yuan in research and development in 2021.
Back to the point. Without the Ni Liu controversy, there would be no Sima Nan's "Association six questions". Without Sima Nan's "association of six questions", Liu Chuanzhi single-handedly covered the sky and talked about it, and "trade and industry skills" may always be famous all over the world.
"Lenovo Six Questions" stirs up audiovisuals. Public opinion continues to boil over the sky. The Beijing Securities Regulatory Bureau ordered corrections, Lenovo recruited scientific and technological talents to increase investment in research and development, and "technology, industry and trade" seemed to be re-emerging. Of course, whether it is just to cope with the penalty is not yet available for comment. Right and should be really change the way.
Shallow water is noisy, deep water is silent. Sometimes, people's fate is like a blind box that God has sprinkled with his hand, and you never know when the next one will be opened, let alone what is inside.
Is this another win-win situation in ni liu's battle?