Who wins and who loses in the dispute between Ni and Liu?

Continued from another part of the truth about the dispute between Ni and Liu/Lenovo's changes in equity path/Lenovo's red hat background.

Lenovo's predecessor, Computing New Technology Company of Chinese Academy of Sciences, was registered as a national ownership company when it was founded, and at the same time, it shouldered the heavy responsibility of making money to support calculators when the financial allocation was reduced or even zero. It is not only a state-owned enterprise, but also endowed with the genes to make money by superiors. This duality of state-owned enterprises and private enterprises is manifested in the road of enterprise development: if you are in charge, the enterprise will be Huawei; When Liu Chuanzhi led the team, it naturally became today's notebook assembly factory.

As the chief engineer, Ni Guangnan presided over the development of microcomputer mainboard, expansion card and Lenovo series microcomputer, and launched the first 486 PCs and 586 PCs in China in 1992 and 1993 respectively. At the same time, we organized scientific research teams to develop dozens of fist products and national new products, such as Chinese character system, application software, Chinese character laser printer, program-controlled switch, etc. Among them, Chinese character system and Lenovo series microcomputer won the first prize of national scientific and technological progress respectively. Ni Guangnan is a veritable chief computer scientist in China.

At this time, Lenovo is one of the most high-tech companies in China. The economic benefits created by the products developed and hosted by Ni Guangnan directly led this new technology company to return to the ranks of high-tech companies from a brick-moving trading company and quickly developed into Lenovo Group. As the chief engineer for ten years, Ni Guangnan turned Lenovo from an idea of computer localization into a product, and then sublimated it into an enterprise brand and enterprise group. Ni's series of scientific research products contributed about 4.8 billion yuan to Lenovo Group. Regardless of scientific and technological achievements, intellectual property rights or economic benefits, Ni Guangnan is a well-deserved veteran of Lenovo's core entrepreneurship. In addition, it is also appropriate for him to buy microcomputer equipment shipped back to China at his own expense, which has a higher weight in the 35% dividend right.

For the future, after years of investigation and research, Ni Guangnan presided over the formulation of Lenovo Group Development Plan 1995. He believes that Lenovo has the independent design ability of microcomputer motherboard. "If we 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 "China Core" project. To this end, he traveled to and from Shanghai and Hong Kong many times to recruit talents, and plans to set up the "Lianhai Microelectronics Design Center". As a result, at the time of 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 in nine words: "No one, big investment, not suitable."

Scientists have to do things and businessmen have to make money. When a scientist meets a businessman, it is entirely logical to lose. "Technology industry and trade" lost to "trade technology". The triple jump of "trade, industry and technology" has enabled Lenovo Group to achieve leap-forward development.

Huawei's story is another version: in 2002, Hayes 1 COT chip was successfully developed; 10 years later, Huawei mobile phone equipped with HiSilicon mobile phone processor chip was released; In 20 14, Huawei Kirin series chip 9 10 was born; By 2020, Kirin 9000 5G chip will become the world's leading mobile phone chip. Huawei's 5G technology has led the world trend. One of the most important reasons for Huawei's success is that its founder Ren only holds 1.0 1.42%, while another shareholder alliance, including scientific and technological personnel, holds 98.58%.

At that time, what would happen to the deteriorating international trade game of 20 18 if more companies were obsessed with core technologies and gave scientific and technological personnel their due shares instead of making quick money and big money and depriving them of their original shares?

However, Huawei's story has nothing to do with the dispute between Ni and Liu, and can only be used as its background at most.

On the surface, no one can deny the dispute between Ni and Liu, and Liu Chuanzhi is the winner.

After Ni Guangnan's exit, he has experienced ups and downs, especially after the Ark chip incident, and has never been brilliant. Liu Chuanzhi, however, has been in the limelight for decades, claiming to be the godfather of entrepreneurs and talking about the feelings of home and country.

However, what insiders see is that the most important part of Liu Chuanzhi's victory is an ignominious secret card hidden under the winning figures, in which "trade technology" replaces "technical industry and trade": that is, the existing shares of scientific researchers are deprived by administrative power, and the shares originally agreed to be reserved for future new employees, including scientific researchers, are kept for themselves.

Ni Guangnan's existing equity is the first victim, and the winning number, the equity of future new employees, has also become a hidden card that disappears instantly. Whether scientific and technological personnel hold shares is the most basic factor to prove their status, and it is also the most basic condition for scientific and technological enterprises to become Huawei. In Huawei, scientific and technological personnel holding shares is a winning number. In Lenovo, it used to be winning numbers, but Liu Chuanzhi turned it into a dispensable secret card through share reform. This dark card has become the gene that determines the nature of association. No matter how the outside world changes and the secret card remains unchanged, Lenovo will never become a technology company that can make a difference.

Liu Chuanzhi realized the essence and importance of equity earlier and more deeply than the average person. Ni Guangnan joined Lenovo with Hanka, and after the company's production and sales reached a higher level, Liu Chuanzhi began to use his brain to move shares.

I paid a lot of profits in succession, and finally earned 35% dividends from the Chinese Academy of Sciences at 1993; Before Lenovo's first share reform in 2000, Ni Guangnan was dismissed and deprived of shares. Then on the road of "trade plus technology", while assembling notebooks, we expanded Lenovo's business empire, patiently followed the trend of policies and regulations, repeatedly polished the path and steps to further change the equity, and began to act step by step after confirming that there was no risk: introducing private enterprise strategic investor A; Set up "joint holding department" with many limited partnership institutions b; Then B merged with the ESOP Association, and by the way, concentrated 35% of the shares in the senior management (the original agreement that 45% of the dividend rights were reserved for future new employees became waste paper); Yang and other senior executives who later joined Lenovo Group invested in Lenovo Holdings through the "joint holding system" curve; At the same time, Party A and Party B respectively transfer the equity to the senior management; After several years of land, sea and air cooperation, Liu Chuanzhi quietly transformed Lenovo from a company owned by the whole people into a private enterprise, and at the same time quietly transformed Lenovo's top management into an invisible actual controller of Legend Holdings.

What's even more amazing is that every changes in equity of Lenovo, big or small, was approved by asking for instructions, and no key personnel were left out, which was in line with the policies, systems or regulations at that time and the relevant procedures that should be followed. In several investigations conducted by the Commission for Discipline Inspection of the CPC Central Committee, the Ministry of Supervision, the National Audit Office and the China Academy of Sciences, no one raised any objection. This means that the "Lenovo Six Questions", which once caused a lot of uproar, will not arouse much waves in the future. Liu Chuanzhi is indeed a businessman and expert who can skillfully use policies and regulations, interest relations and personal connections to eliminate opponents in large enterprises and seek legitimate interests.

At present, Liu Chuanzhi personally holds 3. 14% of the shares of Legend Holdings, not counting his indirect shareholding in United Zhiyuan, nor counting his annual income of several hundred million yuan in Legend Holdings and Lenovo Group after retirement. The equity of Legend Holdings alone is worth several billion yuan. Legend Holdings is the top holding platform of Lenovo Group, with five first-tier subsidiaries, namely Lenovo Group, Junlian Capital, Hony Capital, Ke Rong Land and Digital China. In 20021year, Lenovo notebooks once again ranked first in the world with a shipment of 63.4 million units or a market share of 24%.

Liu Chuanzhi now lives in the famous Wanliu Academy in Haidian District, Beijing. The residential area is surrounded by a wall 5 meters high. Dutch wall tiles contain minerals and are fired by hand. The sunshine angle is different every day, and the color of bricks is different. The original 260-year-old Wanglong Pavilion, which was bought from Zhejiang with a huge sum of money, has a magnificent facade. A bronze gate can be exchanged for two luxury cars, and the courtyard of the clubhouse is more luxurious than the official residence of the prince of Qing Dynasty. Residential owners and families are like palaces. The living room can play basketball, and the decoration is comparable to the Forbidden City. Without Si Manan, Liu Chuanzhi would still be the real behind-the-scenes controller of Legend Holdings. How many people in the world can experience this comfortable life as high as a cloud!

83-year-old Ni Guangnan is like Don Quixote. He cultivated Lenovo with the results of research and development, but in the end he was deprived of his equity and expelled from Lenovo. The major project he once promoted has not been completed yet. For the dream of China's chip, he was cheated and used by one person after another. Now he can't climb the stairs. In the eighth year, he still rented a house to live alone. He can't afford a live-in nanny. The hourly worker does two meals at a time. He works as a consultant in an artificial intelligence company and still rides a bicycle in the front line of chip manufacturing.

It is clear at a glance who wins or loses the dispute between Ni and Liu. Strong capital and weak technology.

However, as well-known public figures in China, it is not enough for Ni Guangnan and Liu Chuanzhi to talk about winning or losing only from status and material aspects. At least observe and judge from the official attitude and public opinion.

In 20 18, Ni Guangnan was awarded the title of "the most beautiful scientific and technological worker" by the Propaganda Department of the CPC, the Ministry of Science and Technology and the China Association for Science and Technology, and was praised as a leading expert in the computer field in China.

On October 9th, 2022/kloc-0, 65438, the fifth episode of Young Life-Ni Guangnan was broadcast on CCTV 9. Documentary reviews and affirms Academician Ni Guangnan's contribution to China's computer industry for decades from the perspective of exploration and pursuit. Academician Ni emphasized in the film that the core technology can't come, can't buy, and can't talk. Now is the best time for innovation and development. He explained what is dedication and what is occupation with his lifelong persistence.

In 20021year, 77-year-old Liu Chuanzhi was quite uncomfortable. First, Didi, led by Liu Qing, went public in the United States, was interviewed by seven ministries including Guoan, and then officially delisted; After that, Lenovo Group's "one-day tour" landed on the Science and Technology Innovation Board at the end of September; 165438+1At the beginning of October, Si Manan released the video of "Lenovo Six Questions", and then Chea Chang and Su Li joined in; The more explosive the material, the hotter the topic of Lenovo. Liu Chuanzhi, who had three contacts and had no regrets all his life, was cursed and vilified all over the world. Liu Chuanzhi cleared Weibo and set up "half-year visibility".

On April 7, 2022, the Beijing Securities Regulatory Bureau took administrative supervision measures and ordered Legend Holdings to make corrections.

However, it is easy to find that these problems are not big problems. Lenovo executives seem to have little problem. Because of many problems such as the loss of state-owned assets, the punishment document was not involved.

But this does not mean that Lenovo can step out of the whirlpool of public opinion. A very important reason why Lenovo has been targeted by public opinion is that for decades, Lenovo has ignored the overall situation and only focused on making money, making a first-class technology company gradually become a computer assembly factory unrelated to technology. Technology companies have nothing to do with technology!

20211/8, Lenovo officially announced the launch of the "global large-scale hard-core scientific and technological talent recruitment plan", and plans to recruit 12000 scientific and technological talents for the society and universities around the world in the next three years. On April 6, 2022, Lenovo officially announced that the total R&D investment will exceed 1000 billion yuan in the next five years.

Lenovo established the chip company "Dingdao Zhixin" with an investment of 300 million yuan. In 20021year, Huawei invested125.7 billion yuan in research and development.

Back to the point. Without the dispute between Liu Ni and Si Manan, there would be no "Lenovo Six Questions". Without Si Manan's "Lenovo Six Questions", Liu Chuanzhi covered the sun in Kan Kan and talked about it in Kan Kan. Trade and Technology may be famous all over the world forever.

"Lenovo's Six Questions" stirs up audio and video. Public opinion continues to boil against the sky. The Beijing Securities Regulatory Bureau ordered it to make corrections, Lenovo recruited scientific and technological talents to increase investment in research and development, and "science and technology industry and trade" seemed to reappear. Of course, there is no comment on whether it is just to cope with punishment. Think of it as a sincere change.

Shallow water is noisy and deep water is silent. Sometimes, people's fate is like a blind box scattered by God. You never know when the next one will be opened, let alone what's inside.

Is this another win-win situation between Ni and Liu?