Extraordinary Genius

Chapter 2039: Zhang Ruimin

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"Director Feng, I'm really flattered to hear that Old Liu said you want to talk to me." Zhang Ruimin entered Feng Yu's office and reached out her hand.

Feng Yu flew back to the capital from the United States specifically just to meet and chat with Zhang Ruimin. This person is also a strange person.

"Mr. Zhang, you're welcome. I heard from Old Liu that he invited you to join the Huaxia Chamber of Commerce several times, but you only agreed this year."

If Zhang Ruimin had joined the Huaxia Chamber of Commerce before, then given his achievements and prestige, Wang Jianlin might not have any chance. Zhang Ruimin is well-known not only in China, but also around the world. He is the boss of the home appliance industry.

"Isn't it that we at Hier are in a period of transformation, so we are quite busy at work. Of course, my job is definitely not as busy as Director Feng."

People who are not familiar with each other will always say something casual when they meet. This is the first time for the two of them to meet each other and they have only heard about each other. Hier has made a transformation. This transformation has given Hier a different model from other electrical appliance companies. They have canceled their warehouses!

Their orders are placed on a weekly basis, which means that new orders must be placed and shipped every week. Judging from Hier's production and sales, this will not increase the cost of logistics, but will greatly save warehousing costs and avoid product backlogs.

Especially during the current economic crisis in the United States, Hier has avoided losses very well. The market in Europe and the United States has shrunk significantly, and many home appliance companies have seriously backlogged their products.

When this point was first brought up, everyone in the industry was shocked. No one had ever done this before, especially a multinational home appliance giant. How could it make such a ridiculous decision

But Hier has factories in many regions around the world, which is enough to ensure that they can supply all markets on time. Then during the off-season, many workers in the factory can be given annual leave. This is also a legal and cost-saving way.

Hier has many other innovations, which are called the Hier model in the industry and are also industry standards. In other words, Hier is the first company to set standards in the industry, so it is the leader.

"Mr. Zhang, you also know something. We, Fengyu Electric and Aihua Electric, are about to enter the island country market. We have already contacted Sanyo Electric, but I heard that you also want to acquire them. This means that our investment has crashed."

"Can we find a win-win solution between us, such as a partnership acquisition?"

"Joint venture? One half per family?" Zhang Ruimin asked.

Although Fengyu Electrical Appliances and Aihua Electrical Appliances are very good, and backed by Taihua Holdings Group, they are definitely not short of money, but Hier will not give up its controlling rights. Hier is the industry leader, and they will not spend a little money to acquire AQUA. Difference!

Zhang Ruimin is also a legend in the industry. Although this legend is not as legendary as Feng Yu, he is also talked about by many people. He is regarded as a mysterious rich man in China similar to Shunfeng Logistics boss Wang Wei.

Wang Wei's company has never been listed on the market, and he resists interviews with the media. Even Hu Run doesn't know how much money Wang Wei has, and can only give a rough estimate.

But for Zhang Ruimin, Hu Runlian probably couldn't estimate it!

Many people think that Hier is a state-owned enterprise, or was once a state-owned enterprise, but this is not the case.

Hier is a collective enterprise, founded by a few people. At that time, I really wanted to become a state-owned enterprise, that is, let state-owned assets acquire it, and they could enjoy the same treatment as state-owned enterprises, such as some policy support and so on. This was very important to the small factory at that time.

Later, it was funded by a collectively-owned enterprise called the Second Light Industry Collective Enterprise Association. The funds provided were mainly used for technology research and development. This is Hier's major shareholder and has nothing to do with state-owned assets.

However, when local governments made statistics at that time, for the purpose of political performance or other purposes, Haier was always included in the statistics, which led many people to mistakenly think that Haier was a state-owned enterprise. Later, Haier also enjoyed the same policies as state-owned enterprises. Taking care of the benefits, this misunderstanding is even deeper, but Hier really does not have any state-owned shares.

Many people once accused Haier of embezzling state assets, pointing the finger at Zhang Ruimin, but Zhang Ruimin ignored it at all, and those who purge themselves will purge themselves.

However, many people are still curious about how much money Zhang Ruimin has. Hier currently has two listed companies, one is Qingdao Hier and the other is Hier Electric, which are listed in the Mainland and Xiangjiang respectively.

In the previous life, many people mistakenly thought that as the boss of Hier, why the market value was not as good as that of companies such as Gerry and Midi? It was because they only counted Qingdao Hier.

Even if Haier Electrical Appliances is included, this is not all of Haier’s assets.

All equity structures of Hier are dominated by Erqing and Hier Employees' Federation. Zhang Ruimin does not have one at all. It is similar to the employee stock ownership association established by Lian Xiang, Liu Chuanzhi and others, which is the best embodiment of collective ownership.

However, as the chairman and CEO, Zhang Ruimin is awarded a large amount of equity every year. These are all converted into the employee stock ownership meeting. Zhang Ruimin is said to hold a lot of equity in Qingdao Erqing. It is an unlisted company. Unless they take the initiative Speak up, otherwise you can only query illegally.

Some people say that Zhang Ruimin only has a net worth of tens of millions and is the poorest entrepreneur in the world. Some people say that the value of the equity held by Zhang Ruimin and his family has already exceeded 10 billion RMB, but no one knows it.

No one knows what it is like. This has also led to the fact that the head of the world's number one home appliance giant has never even appeared on a Chinese rich list.

Some people think Zhang Ruimin is low-key, others think he is mysterious, but he often gives interviews to the media, but he never talks about his assets, and no one has seen him own anything particularly luxurious.

Feng Yu is also very curious about it, but just like when someone asks how much money Feng Yu has, Feng Yu just smiles and doesn't say anything. He won't take the initiative to ask, because he doesn't have money anyway!

"Mr. Zhang, I know Hier is the world's leader in the home appliance industry, but we, Fengyu Electric and Aihua Electric, are equally strong. We also maintain partnerships with many domestic large home appliance companies such as Gerry, Galanz, and Midi. Cooperation, joint technology research and development, etc. There are also foreign electrical appliance giants such as Philips as our partners."

"If it's just Fengyu Electric, then I have no problem with half of it being owned by one company, but now we are two companies cooperating with one of you, so it's more reasonable for each company to hold one-third, right?"

Feng Yu didn't care much about this share. AQUA's assets had been evaluated in detail and were less than 200 million US dollars. It was not worth Feng Yu's personal discussion. Feng Yu just wanted to chat with Zhang Ruimin.

However, Fengyu Electrical Appliances and Aihua Electrical Appliances also have shares of Jiang Wanmeng, Xu Lihua and many others. Although Taihua Holdings is the absolute controlling party, Feng Yu can make the decision, but Feng Yu cannot let go of the reputation of taking everyone's money as a favor. In order to avoid losing people's hearts in the future and making it difficult to lead the team.

"Director Feng, you also said that we are number one in the home appliance industry, and we are far ahead of the second place in many businesses. In a normal joint venture, we must be the controlling party. It is precisely because of cooperation with Director Feng's subsidiary that I chose If I lose half of the family, I can’t even explain it to other shareholders if I lose 0.1%.”

Liu Chuanzhi was laughing beside him. Feng Yu always negotiated cooperation with a fixed price. This time when he met Zhang Ruimin, let’s see how he negotiated!

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