There are no shortcuts on the road to technological innovation, but how many people are still seriously investing in research and development? How many people are making money with PPT?
Article | Financial Gossip Female Author: Lin sir
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No refueling, no charging, only water, the battery life is more than 500 kilometers…
This is not an international joke!
The Nanyang Daily report "Hydrogen engines are offline in Nanyang, and the party secretary likes it!" said:
The so-called water hydrogen engine allows "the vehicle to run only by adding water".
Seeing it, the NIOs are estimated to be very confused: I advertise everywhere, saying that the battery life is more than 300 as 500, you are good, you don’t need electricity directly.
This has to be reminiscent of a past event from the 1990s.
Two historical photographs: a group of people concentrating on a man who’s conducting an experiment.
This experiment sounds ridiculous now, but it was a sensation in the early 1990s, that is, turning water into oil.
The protagonist of the experiment was named Wang Hongcheng. At that time, his reputation was no less than that of any small fresh meat now. There were similar promotions all over the country to promote his water-to-oil technology.
As a result, Wang Hong caused the country to lose 400 million yuan and was sentenced to 10 years, which was the 400 million of the 1990s.
At that time, water-to-oil was touted as "China’s fifth greatest invention", and many academicians such as He Zuoxiu repeatedly went to battle to refute it with little success.
Chinese Journal of Science, 2nd Edition, May 12, 1995
However, from the current point of view, after a day and night of public attention and doubts, the experiment of the Nanyang water hydrogen engine seems to have made new "progress".
The current official response is that the reporter misstated.
However, a single "misstatement" is not enough to explain the wonderful story behind it.
1.
/"Li Shufu is second" or "Wang Hongcheng is second"/
Imagine a world where you can drive with water. Imagine that it is all ten Nobel Prize-level inventions, and the Middle East oil bosses are estimated to be crying.
The protagonist of all this story is not Ma Yun Ma, but the creator of the so-called water hydrogen engine is Pang Qingnian, chairperson of Jinhua Youth Automobile.
Pang Qingnian seemed unconvinced, saying, "The facts are here, not made up."
Is the truth he said the following?
On August 21, 2017, Pang Youth announced the production of the world’s first water hydrogen fuel vehicle in a high-profile manner.
▲ Picture source: Bus Information Network
This car did indeed appear, a white truck that looked just like an ordinary truck.
▲ Picture source: Bus Information Network
The true face of the water hydrogen engine shows that it is unlike an ordinary truck.
▲ Panorama of water hydrogen fuel vehicle system, picture source: Bus Information Network
▲ The miniature water pump on board, picture source: Bus Information Network
▲ Water filter, picture source: Bus Information Network
The gas filter on the roof, image source: Bus Information Network
"As long as you have a bottle of water in your hand, the car can run." Pang Qingnian said very excitedly that day.
I really envy the audience that day, witnessing an important moment in human history.
At that time, his subordinates connected the water pipe to the faucet and filled the two cylindrical boxes on the roof with water. After the water was filled, the driver started the car.
The following is the most crucial, the truck has a special conversion device that generates a special catalyst that converts water into hydrogen gas, thus driving the car.
Pang Qingnian did not disclose the so-called conversion device or the so-called catalyst, but it sounded very mysterious.
Even now, he is quite confident in his technology, saying: "The technology of water hydrogen fuel vehicles is mature and will not delay the progress of the Nanyang project."
However, in stark contrast: almost two years ago, not a single existing car has been delivered.
And he has leveraged Everbright Financial Holdings is said to have reached the 5 billion fund support, Nanyang Municipal Government 4 billion capital investment, a total of 9 billion capital.
Tianyancha shows that Everbright Financial Holdings is wholly-owned by Everbright Group. The latest news is that Everbright Financial Holdings responded to an interview with Securities Times e-company and said:
Everbright Group will reply uniformly. Securities Times e Company
Coincidentally, Li Shaoping, the statutory chairperson of Everbright Holdings, is also a director of Youth Automobile, and Everbright Financial Holdings (Tianjin) Venture Capital Co., Ltd. is the second largest shareholder of Youth Automobile, which has a deep relationship.
(As an aside, the background of Everbright Financial Holdings (Tianjin) Venture Capital Co., Ltd. is also very good, among which there is a steel tycoon Du Shuanghua after the equity penetration.)
I wonder if Jia Yueting will be filled with emotion when he sees this scene. With this level, he still runs abroad?
2.
/Wonderful family:
9-Year-old 30 million "entrepreneurship",
15-Year-old new third board buying shell…/
Have you heard of post-00s entrepreneurs?
The following mentioned Dongan Hydraulic of the New Third Board Company has the actual controller of the post-00 generation, Pang Boyin, a girl born in 2001.
Dongfang Hydraulic was listed in 2014. In February 2016, a company named Jinhua Lotus acquired the company for 13.57 million yuan, holding a 61% stake.
Jinhua Lotus’s controlling party, Jinhua Youth, registered in 2010 with a registered capital of 100 million, of which Pang Caiping, Pang Haoliang and Pang Boyin invested 32 million yuan, 31.50 million yuan and 31.50 million yuan respectively.
At that time, Pang Boyin was only 9 years old, and when he acquired a listed company at the age of 15, the experience of this post-00s generation was simply cooler than Wang Sicong.
Pang Caiping, Pang Haoliang and Pang Boyin are also his three children.
Apparently, Pang Qingnian wants to leave his children a career where money makes money.
However, among the three people, the eldest sister Pang Caiping, who invested 500,000 higher than the younger siblings, was included in the list of dishonest people to be executed because of 260 million debts. A typical pit woman.
▲ Picture source: Pang Caiping Weibo
But what’s even more bizarre is that as of the end of 2017, the company’s book balance of fixed assets was 0.
According to the company’s response, because the company has disposed of all fixed assets, the new business model does not require large-scale investment in fixed assets.
The truth is not so simple, in October 2016 to December, Jinhua Lotus accumulated Dongan hydraulic capital of 21 million yuan, accounting for 90.26% of the net assets of Dongan hydraulic at the end of 2015.
In fact, the young man at that time was already on the verge of bankruptcy.
In 2008, Pang Youth made a fortune, but suffered a major defeat in the field of automobiles. Its brand Youth Lotus basically disappeared, and it went overseas to acquire Saab Automobile, a subsidiary of General Motors, but ultimately failed.
In 2017, Zhejiang Youth Lotus, with 2.30 billion assets and 3 billion liabilities, and Youth Automobile Group Co., Ltd. were both bankrupted and liquidated.
The so-called water hydrogen fuel vehicle is obviously his life-saving straw.
3.
/Subsidies for Pang Youth/
It is worth noting that Pang Youth, who is suspected of trading 9 billion capital, seems to be short of money.
On May 12, 2018, the new energy subsidy announcement showed that the number of applications for Jinhua Youth Automobile Manufacturing Co., Ltd. in 2017 was 343 vehicles, and the application for subsidy funds was 74.17 million yuan.
Behind the bankruptcy and liquidation of the two companies is such a large subsidy, which seems to have explained the situation of Pang Youth: living by subsidies!
In February 2017, in MIIT’s new energy vehicle fraud list, Jinhua Automobile was on the list, and the battery capacity of 245 new energy vehicles sold in 2014 was smaller than the announced capacity.
It is worth noting that today’s subsidies for new energy vehicles are decreasing, and hydrogen energy is gaining more and more attention. On March 26, 2019, the subsidy policy changed:
In the future, subsidies will no longer be given to new energy vehicles (except for new energy buses and fuel cell vehicles), and will be used to support the construction of "short boards" of charging (hydrogen refueling) infrastructure and supporting operation services.
The report "Hydrogen engine rolled off the assembly line in Nanyang, and the party secretary praised it!" The timing of this report is intriguing…
4.
/conclusion/
In addition to getting 4 billion from the Nanyang government, Pang Qingnian also reportedly used the unsuccessful "acquisition of Saab Automobile" project to 1.30 billion tons of coal resources from the "empty glove white wolf" in the city of Ordos (600295), and realized 3.10 billion yuan.
In October 2010, with a grand blueprint of a total investment of 26.709 billion yuan, Pang Youth came to Shizuishan City, Ningxia, which was trying to transform from a resource city at that time. With a small investment, he exchanged a large amount of land and many coal mine resources, swept away at least 800 million funds, and left a sighing chicken feather. Interested readers can search and view by themselves.
The absurdity behind repeated successes lies in the fact that the flaws in Pang Qingnian are too obvious.
Except for the so-called first hydrogen fuel vehicle, there is no other evidence to support all this in the past two years. On the other hand, from the perspective of grandiose propaganda and capital chain, Pang Youth’s dream of building a car is unreliable.
Is all this ignored?
A paradoxical fact is that Wang Hongcheng was imprisoned for ten years for the crime of producing and selling counterfeit goods, which ended this farce that lasted for 12 years and involved a large number of participants. Why can’t even the academicians go through the flaws in these 12 years?
Ordos, Shizuishan, Nanyang… The same third- and fourth-tier cities, the familiar taste of Ponzi, and everything seems to follow. According to a report from Surging News:
The Nanyang municipal government in Henan Province purchased 72 hydrogen buses from Nanyang Lotus New Energy Vehicle Co., Ltd. in March this year for a total price of 80 million yuan.
Nanyang Lotus Company is a bus manufacturer jointly invested 8 billion yuan by the Nanyang Municipal Government and Zhejiang Jinhua Youth Automobile Group. The company’s legal representative, He Yaqi, is the daughter-in-law of Pang Qingnian, the chairperson of the Youth Automobile Group, which developed the "water hydrogen engine".
Surging News – "Nanyang spends 80 million yuan to purchase 72 hydrogen energy buses, the person in charge of the company is Pang’s young daughter-in-law"
After understanding this, it seems that it is not difficult to understand all this: no one cares whether the emperor has new clothes, as long as he can make money.
But Ren Zhengfei’s 521 interview still rings in my ears.
Chip research and development depends on spending money alone, but also on mathematicians, physicists, etc. But how many people are still studying seriously? Ren Zhengfei answered a reporter’s question on May 21
There are no shortcuts on the road to technological innovation, but how many people are still seriously investing in research and development? How many people are making money with PPT?
Today’s interactive topic: What do you think of water hydrogen fuel vehicles?
We will give cash rewards to the top three for the message, 30 yuan for the first place, 20 yuan for the second place, and 10 yuan for the third place.
Deadline: May 25, 2019 18:00
This article was first published on WeChat official account: Financial Gossip Girl Channel. The content of the article belongs to the author’s personal opinion and does not represent the position of Hexun.com. Investors operate accordingly, please bear the risk.
(Editor in charge: HN666)
