Chapter 327 Annual Meeting
“Thanks to everyone’s efforts, this year’s mission has been successfully completed.

The past year has been a fruitful year for the entire Light Armor Aerospace industry and for me personally."

All companies in the world, big and small, hold annual meetings.

During the heyday of the Internet, leading large companies, second-tier manufacturers, and even some small Internet companies would hold their annual meetings in full swing.

The prizes given out at the annual meeting have also become a source of competition among employees on social media.

As the Internet wave passed, Dongda expanded its scale, and the path to listing on the Nasdaq was basically blocked, the annual meetings of Internet manufacturers also became silent.

The ghost videos of the big guys singing and dancing at the annual meetings seemed to exist only in those few years.

As a trust monster in the Eastern Hemisphere's commercial aerospace industry, Guangjia Aerospace will naturally hold its own annual meeting.

The fact that composite-powered rockets have been under development over the past year does not mean that they have no revenue. Both electric rockets and the Pioneer series rockets have set launch records, with annual revenue exceeding 50 billion RMB. Their huge commercial success cannot be ignored.

Such high revenue is not only due to the continuous development of commercial space demand, the strong demand for launches from manufacturers dedicated to unmanned driving, but also the rapid growth of patent licensing fees.

Compared with SpaceX which walks on one leg, Light Mech Aerospace walks on several legs at the same time.

Even so, Guangjia Aerospace's annual meeting is also quite low-key. It is low-key not because there is no money to make the annual meeting grand, nor because the prizes given out at the annual meeting are not impressive.

It is simply because the information revealed at the annual meeting is very sensitive, and if it is made public, it can easily be analyzed by competitors.

“Since I am not at the Shenhai site, in order not to delay the subsequent stages, I will announce the stage that everyone is most looking forward to first.

That’s this year’s gold, silver and bronze awards for team contribution.”

Since the year before last, Guangjia Aerospace has changed the awards at its annual meetings from being given to outstanding individuals to being given to outstanding teams.

The team here is project-based.

Because generally one person will not have only one project. The same person may have two or three projects at least, and up to eight projects at the same time.

Of course, the premise for being able to hold so many positions is that you are indeed capable and the team will not vote to kick you out.

After the project is established, there are two opportunities to initiate a vote to kick people out each year. If more than two-thirds of the team members vote in favor, the person will be kicked out.

In addition, for the same project, there may be two or three groups working on it at the same time. If others have made faster progress and have achieved interim results, then the other groups may be disbanded. As for whether the team members can join the previous group, this is entirely up to the team leader.

This mechanism, which has a bit of social Darwinism in it, gradually reaches a balance through dynamic adjustment.

"As in previous years, this year's team contribution award is still entirely decided by me. If you think that a project is more valuable than the one I mentioned, please email me to give your feedback.

If you want to respond, please write down your reasons fully. "

Ever since the introduction of the Team Contribution Award, Chen Yuanguang has never thought about dividing the cake or having senior executives jointly judge the award.

He proposed the method of sending feedback by email, which was written into the company's regulations, and even the human resources department prepared an email template, but no one has used it since it was proposed.

"This year's gold medal went to the Pioneer series of reusable launch vehicle system optimization research
In response to the demand for multiple reuse of Pioneer II, combined with the design constraints of key variables such as overall system configuration, aerodynamic shape, structural mass, separation height, and separation speed, a global energy optimization method for the full-cycle mission profile is studied to achieve the design goal of optimal energy distribution, thereby reducing the energy loss caused by rocket reuse and recovery and improving the carrying capacity.

The overall carry-recovery rate has increased by 20 percent.”

At this time, all the Guangjia Aerospace employees who had worked in Mianyang for a year had returned to Shenhai, and Lin Tianmin's colleagues were congratulating him because he participated in this project.

Even though I was in Mianyang, I participated in this project remotely.

"Tianmin, congratulations."

"You have to treat me to a meal. It has to be a big meal."

"Last year I won the Special Contribution Award, and this year I won the Gold Award. I'm afraid that treating me to a meal won't be enough."

Lin Tianmin couldn't help but smile bitterly when he heard the compliments from his colleagues, because last year's Special Contribution Award was based on going to America for an exchange and being locked up for a month.

Although I felt great when I received the money, the special contribution award was 500,000 yuan, but I was still very nervous when I was locked up, and I even felt mentally tortured.

"Of course, of course. I will treat everyone to a meal later."

The gold award prize is one million, and each member will receive one million, which is much higher than the annual salary package.

Although no one said it, they felt sad inside.

Lin Tianmin has no plans to buy a house in Shenhai, so he doesn’t care that much about money.

Instead, he was thinking about how he had worked with the God of Light before, how he could communicate with him at any time, and how he could feel the human part of the God of Light.

But now they have only been separated for a few days, and looking at the face in front of him that occupies the entire screen, Lin Tianmin feels that the part of the God of Light as a god occupies his main thoughts.

“The first silver award is for the research on cross-domain autonomous optimal guidance technology for reusable rockets.

This project focuses on the mission characteristics of cross-airspace/speed domains and multiple configurations/modes during the precise soft landing flight of reusable rockets, and studies the new system multi-model autonomous optimal guidance technology that adapts to complex aerodynamic characteristics and flight profiles.

If design constraints such as start-up timing, engine throttling characteristics, strong nonlinear external disturbances, and guidance model deviations are taken into consideration, technical problems such as changes in maneuvering control capabilities across airspace and speed domains and complex engine jet influences can be solved, achieving autonomous planning and strong robustness of the guidance trajectory under complex working conditions.

Based on the current processor level, the online guidance trajectory planning time is ≤3s, the landing point accuracy is ≤100m, and the pass point control accuracy is ≤30m. "

Technology like this can be applied at the military level and is not suitable for public disclosure.

If you make it public, American will be able to speculate on the level of your technology based on the data you make public, and even guess the technical route you adopted.

“The second silver award is for the study of the dynamic characteristics of spray combustion in the deep variable thrust combustion chamber of a reusable engine.

Aiming at the dynamic characteristics of the reusable 5:1 thrust ratio process of liquid oxygen-kerosene engine, precise flow control and efficient spray combustion coupling, the spatiotemporal evolution behavior of the flow inside and outside the pintle injector is studied, an unsteady atomization model applicable to a wide range of operating conditions is established, and a prediction method for droplet size, concentration field distribution and mixing characteristics under unsteady conditions is developed.

In addition, the effects of momentum ratio and overtravel ratio on the spray combustion characteristics of the pintle injector were studied, the dynamic characteristics of the pintle injector under different back pressures and the spray combustion coupling law in a wide range of working conditions were obtained, a database of the atomization and combustion characteristics of the pintle injector was established, and an optimization design method for the pintle injector was formed.

"Finally, thank you all for your hard work. I will not disturb your leisure time. After the annual meeting ends today, it will be the Spring Festival soon. I wish you all a happy new year in advance."

The gold prize is one million per person, the silver prize is five hundred thousand per person, and the bronze prize is two hundred thousand per person, all before tax.

The bonus gradient is very obvious. After Chen Yuanguang disappeared, the annual meeting continued. The annual meeting was similar to other company annual meetings, with performances and speeches by senior executives as standard.

"Tianmin, I also want to win the gold medal next year." Zhou Jin said fiercely.

He had the opportunity to participate in the project for which Lin Tianmin won the gold medal, but he refused.

One reason is that people would accuse him of using the backdoor. Lin Tianmin was one of the earliest employees of Guangjia Aerospace, and his employee number was in the top 50. Zhou Jin originally entered Guangjia Aerospace through Lin Tianmin's internal recommendation channel.

Another reason is that Zhou Jin was also approached for another project at the time, and Zhou Jin thought that project also had great prospects, so he chose that project.

The results were indeed promising, but due to the high degree of difficulty, they were never completed.

"How is your project going recently?" Lin Tianmin asked.

Zhou Jin is researching the high-angle-of-attack flow characteristics and aerodynamic layout optimization of composite recovery rockets.

Simply put, during the rocket recovery process, the rocket is decelerated by taking advantage of the characteristics between the rocket body and the aerodynamic surface, reducing the propellant consumption caused by the engine's active deceleration and maintaining stable control capabilities throughout the entire process.

It is a very valuable topic in the branch of reusable rockets.

These research projects, large and small, surrounding the Pioneer rocket will ultimately further reduce the launch cost of the Pioneer rocket and reduce the cost per kilogram of payload.

In the commercial space industry, cost is the lifeline.

It doesn't mean that as long as the technology is fine, unlimited resources can be invested. The real world is not a business simulation game. Even if you can go to the moon, you still have to weigh the input and output.

Of course, output is not just economic benefits. Technical patents in the research and development process, publicity effects, driving the upgrading of upstream and downstream industries, etc., all belong to output.

Why are there no other manufacturers entering this field in Dongda? Even if the scale of the entire market is expanding rapidly, no matter how big your advantage is, there will be capital willing to try.

The most typical example is smartphones. Even though the smartphone industry has entered a long downward channel, the five major domestic mobile phone manufacturers and Apple and Samsung abroad have already wiped out the small manufacturers.

Transsion, the only company that has made its mark in Africa, was also founded in 2013.

Even though the smartphone market is so highly fragmented and inward-looking that it seems that there is no room for new forces to survive, Nothing Phone still emerges.

Only in the field of commercial aerospace, due to the rapid expansion of its international influence, Southeast University has gained a large amount of commercial aerospace market.

Even if many countries dislike America, they would not consider entrusting the rocket launch business to the University of Tokyo.

But now, the annual growth rate of Dongda's commercial space orders worldwide exceeds 50%.

The entire market size is expanding rapidly.

With such a huge market, there is no shortage of Guangjia Aerospace employees who are dragged to the capital market to inquire about prices and see how much they would be worth if they started their own business.

Without exception, everyone who voted died.

Because the advantages of light armor aerospace are continuously expanding, it took more than ten years for SpaceX to successfully develop the Falcon rocket and then evolve it into the Starship.

The Falcon rocket itself has only two versions: 1.0 and 2.0.

The Pioneer series of Light Armor Aerospace has been iterating and has never stopped. There are countless small versions from 1.0 to 2.0.

The results of the Team Contribution Award each year are verified through minor version updates.

This is the core advantage of the Trail Blazers series of rockets, and latecomers have almost no hope of catching up.

Even if you know the pioneer's technical route, know the other party's technology, and are willing to spend money to create the market and make back the money by going public, you can't do it.

Compared with light armor aerospace, Chen Yuanguang attaches much less importance to light armor technology.

After Guangjia Technology went public, even Lin Jia gradually delegated power to professional managers.

The entire company has become an innovative drug giant with a stable source of cash flow.

It is somewhat similar to the concept of Fosun Pharma, which relies on capital operations to acquire innovative drug companies when the market is not good. These innovative drug companies have good R&D capabilities and parallel innovative drug R&D pipelines, but they are facing the problem of cash flow depletion due to lack of investment.

Guangjia Technology only needs to spend a very small cost to complete the acquisition.

Take Shengnuo Pharmaceuticals as an example. It is an innovative pharmaceutical company listed on the Hong Kong stock market. It focuses on the research and development of innovative small nucleic acid drugs and has spent 50 million US dollars on research and development in the past few years.

Guangjia Technology spent less than 20 million US dollars to acquire this company, and judging from the R&D investment alone, it was more than a 50% discount.

After completing the acquisition and clearing out the original management team, Shengnuo Bio's small molecule drugs entered the clinical testing stage at the end of last year and are expected to generate more than 50 million US dollars in profits this year.

There are many similar cases operated by Guangjia Technology, all of which involve low-price acquisitions, cleaning up the original management team, injecting working capital to continue advancing research and development in parallel, and finally launching the drugs on the market to create revenue.

Such capital operations are based on several levels, leveraging the cash flow brought by human hibernation technology and the huge network of relationships created by human hibernation technology.

These two points make Guangjia Technology invincible in such capital operations.

Even though the main source of revenue for Guangjia Technology is still human hibernation equipment, investors still joke that Guangjia Technology's main business is capital operation, not biological equipment.

Compared with ordinary capital, Guangjia Technology has a much higher accuracy in investment judgment thanks to its good relationships with hospitals and domestic and foreign regulatory authorities.

Even the big capital operators can't compare to him.

For the same investment, Guangjia Technology can achieve a 50% success rate, while general capital investment in innovative drugs can only achieve 10%.

Investment is the biggest source of profit for Guangjia Technology.

After sensing that Chen Yuanguang did not have the energy to manage Guangjia Technology, Lin Jia set the development direction for Guangjia Technology. From a purely business management perspective, there is nothing wrong with this development direction.

Revenue, profit and growth are all impeccable.

The only thing is that if they make too much money from this kind of thing, their internally developed innovative drug pipeline will not be able to be that strong.

(End of this chapter)