In less than half an hour after Chen Xi left Zhao Chen's office,
The emergency notification from the Henglong Capital core team was sent to everyone's mobile phone.
The notice was drafted by Zhao Chen himself, and the wording was short and direct--
"New Delhi Flu may evolve into a global public health event. At two o'clock this afternoon,
Henglong Capital Meeting Room, all Core Position persons in charge must be present. No absences are allowed."
At two o'clock in the afternoon, Henglong Capital Meeting Room was full of people.
Chen Xi connected the laptop to the projector. On the screen was a picture of Global Supply Chain Transmission Path Diagram that had just been finished.
The three main lines Bidiya, Bubble Mary and Green Energy Technology are marked in red, blue and black.
Each line is subdivided into several branches such as parts import, cross-border logistics, overseas delivery, and store expansion.
The end of the branch line is marked with possible Risk Exposure and alternatives.
Su Wantang was sitting on the side of Long Table by the window. In front of him was a list of epidemic prevention material reserves for rural schools in southwestern provinces that Philanthropic Foundation had just compiled.
Zhang Qingxue opened a blank legal memorandum, with several printouts of World Health Organization International Health Regulations and Hong Kong Stock Exchange Epidemic Emergency Guidelines stacked on hand.
Chen Qiming opened Henglong Capital's latest Cash Flow Stress Test Model,
Parameter assumptions for three extreme scenarios have been preset on the screen.
Liu Mingyu is sitting in the back row with his laptop open, ready to draft an announcement at any time.
Shen Jue did not receive the notification, but she met Chen Qiming at the elevator entrance.
Asked "Do you know what happened?" Chen Qiming shook his head.
Then I followed Meeting Room directly, and now I am sitting at the very edge of Long Table, with only a cup of black coffee without sugar in front of me.
Zhao Chen came in last.
He put Zisha Pot on the table, did not sit down, stood in front of the Projection Screen cloth and scanned everyone present.
"New Delhi Flu.
Ministry of Health of India has raised the alert level to the highest level, and World Health Organization is summoning Emergency Committee.
If the flu spreads to the world, transnational Supply Chain, cross-border logistics, overseas Delivery Cycle, offline consumption scenarios--
Every link may be impacted.
Henglong's positions are not directly exposed to the most vulnerable sectors such as air travel and commodities.
But the indirect transmission path needs to be reorganized from beginning to end.
I won't make any decisions today, I just want to do one thing - spread all Risk Exposure on the table."
Chen Xi stands up and uses Laser Pointer to comb the Projection Screen cloth one by one.
"The first line, Bidiya.
The import cycle of overseas parts may be prolonged, but the localization rate of Bidiya is already one of the highest among domestic car companies.
The batteries and electronic control systems are all self-developed and produced, so the impact of the Supply Chain interruption on it is far less than that of traditional car companies.
If domestic control is effective, Bidiya may even further widen the gap with its competitors in this changing situation."
Laser Pointer moves to the second line,
"Bubble Mary, Wang An's offline stores Expansion Plan may be slowed down, and the pace of overseas market expansion will also be affected.
However, the formation of online consumption habits will be accelerated while at home, and online Blind Boxes sales and IP licensing income may offset some of the offline losses.
Bubble Mary's ability to resist risks is much stronger than that of traditional retail companies."
Laser Pointer moves to the third line,
"The large-scale commercial delivery of Green Energy Technology, Energy Storage Materials may be slowed down due to delays in global construction projects,
However, the long-term order for Tesla Megapack has been locked, and the demand will only be postponed but not disappear.
The delivery pace is affected in the short term, but the long-term value remains unchanged."
Zhao Chen took over the conversation after Chen Xi sat down.
"Supply Chain The transmission path is clear, let's do a pressure test next.
Chen Qiming, Cash Reserves thickened from 1.5 billion to 2 billion,
This money is placed at the Henglong Capital level and is completely isolated from the group's daily operating funds.
The liquidity stress test makes three scenario assumptions--
Mild shock, moderate shock, extreme tail risk of global Supply Chain shutdown.
Each level needs to clearly identify the corresponding fund call Contingency Plan."
Chen Qiming typed a few times on the keyboard, and the parameter list for the three-level scenario hypothesis popped up on the screen.
"Mildly assumes that the flu is under control within a quarter, Supply Chain recovers quickly after being temporarily blocked,
Henglong needs to use approximately hundreds of millions of cash for short-term liquidity supplement.
It is mainly used for the capital turnover of Bubble Mart overseas stores and the delivery delay compensation for some Green Energy Technology overseas orders.
The medium assumption is that the flu will continue into the second half of the year and cross-border logistics will be hindered for more than two quarters.
An additional portion of the cash needs to be used, in addition to covering the short-term liquidity gap,
We also need to reserve an inventory buffer for Bidiya overseas parts import cycle lengthening.
The extreme assumption is that the world Supply Chain will come to a standstill and international shipping will be disrupted on a large scale.
Henglong All positions involving cross-border logistics are facing delivery pressure--
In this scenario, in addition to the existing Cash Reserves,
Director Zhang The bank's backup credit line negotiated before needs to be activated in advance.
The total available funds exceed billions.
But even in this most extreme scenario, Henglong has zero debt at the entity level,
The group's consolidated interest-bearing liabilities are almost negligible.
The main risk remains liquidity mismatches rather than debt defaults."
Su Wantang opened Philanthropic Foundation's material reserve list after Chen Qiming showed the third scene.
She still spoke at the same leisurely pace, but the content kept everyone present silent for a few seconds.
"Philanthropic Foundation has experience in grassroots contact and material distribution in dozens of primary schools that have established science popularization corners in several southwestern provinces.
These schools are distributed in dozens of counties in Yunnan, Guizhou, and Sichuan, covering considerable sizable towns and villages in the surrounding areas.
If a similar situation occurs in China, these schools can immediately turn into material distribution sites--
N95 Masks, Disinfectant, Fever Reducer, and Foundation are already contacting the provincial education bureaus to report in advance.
The money Henglong invested in public welfare may now become a safety net that is not included in any stress test Model."
Zhang Qingxue took over the conversation, and she had already taken down half a page of notes.
"There are several things that need to be confirmed at the legal level.
First, World Health Organization If influenza is declared a public health emergency of international concern,
The legal scope of application of force majeure clauses--
Bubble Mary's overseas store rental contract, Green Energy Technology's cross-border delivery contract,
Era Vanguard's disclosure obligations in the US Stocks market need to be checked one by one.
Second, Hong Kong Stock Exchange and Stock Exchange have special requirements for Listed Company Information Disclosure during influenza,
Includes trigger conditions and announcement format for performance warnings.
Third, if domestic regulators issue liquidity support policies or temporary adjustments to reduction restrictions for Listed Company,
Henglong requires a compliance response as soon as possible."
Zhao Chen Put the tea cup on the table after everyone has finished speaking.
"Chen Xi is responsible for the continuous tracking of Supply Chain's conduction path and updates the stress test report once a week.
Chen Qiming increased the thickness of Cash Reserves to 2 billion, completing the liquidity deduction of the third scenario.
Wantang's public welfare network is included in Henglong's internal emergency backup resource library for Contingency Plan.
Aunt Zhang studies the legal impact of the WHO emergency, focusing on force majeure clauses and Information Disclosure obligations.
Liu Mingyu Prepare an investor relations communication Contingency Plan. If any analyst or media asks Henglong Countermeasures, respond according to the standard caliber."
After the meeting ended, Zhao Chen stood in front of Floor-to-Ceiling Window and looked at Two Rivers Confluence as the sky gradually darkened. The people on both sides of the conference table behind him gradually dispersed.
He picked up the intercom and dialed the number Shen Zhiyi.
"Zhiyi, do one thing for me.
From now on, every time the keyword New Delhi Flu appears in Bloomberg news,
Synchronize to Chen Xi and Aunt Zhang at the first time.
You are responsible for keeping an eye on this line - you keep an eye on the source of the information, and I can rest assured."
After hanging up the phone, he put the phone on the table, with the screen still on, and stopped at the word "good" that Shen Zhiyi replied.
The steel cable Chaotianmen Bridge outside the window lit up with silver-white light in the dusk, and was reflected on the river surface as it broke and gathered again.
He opened the Supply Chain conduction path diagram on the table and wrote four words in pencil next to the Bidiya column, "The Butterfly Has Stirred."
Then he closed the file, picked up Zisha Pot, and poured the last cup of tea today into the cup.