Feng Yu and Zong Qingxian discussed for a while, and after confirming Lehaha's development strategy for this year, Zong Qingxian's secretary came in to report that Li Dafu was here.
Feng Yu didn't have an office in Hangzhou, so he invited Li Dafu to Lehaha. He couldn't go to Li Dafu's place, right? Lehaha is Feng Yu’s home court after all.
Li Dafu knew that Feng Yu was a shareholder of Lehaha, but he did not know that Feng Yu was the largest shareholder. When he saw Zong Qingxian, he said hello. The two had also met at the Jiangsu and Zhejiang Chamber of Commerce.
I don’t know since when, businessmen in some areas formed chambers of commerce. In certain businesses, we can advance and retreat together and boycott businessmen from other areas, so that everyone can make money together.
But Feng Yu has no interest in these chambers of commerce. Fighting among each other is interesting. If you join forces and go abroad to make money, I will still be interested in joining. This kind of chamber of commerce, to put it bluntly, is a local interest group. It has existed since ancient times, but it disappeared later and reappeared after the reform and opening up.
What’s ridiculous is that these people are still proud of the Chamber of Commerce and want to restore the glory of Zhejiang merchants!
After exchanging pleasantries with Li Dafu, Zong Qing left first. Feng Yu and Li Dafu were the only two people in the reception room. When it comes to other companies' matters, Zong Qing can't listen here.
"Mr. Feng, you must also know the reason for my coming. I wonder if I can still work with you to make China's automobile industry and Songjiang Automobile take off?"
What Feng Yu once gave him was the opportunity to create the best car and the best car brand in China together. But he gave up, and now all he can do is let Songjiang Auto take off.
"Why, Mr. Li has thought it through. Are you not going to run your company?" Feng Yu asked with a smile.
"I'm going to hand over the management of the company to someone else. I'm going to work at Bingcheng Machinery Company. Isn't this a conflict?" Li Dafu asked. Many people work as executives in other companies while running their own companies, but I don't know if Feng Yu agrees.
"It's nothing, but do you want to be an ordinary executive? Or do you want to own some shares?" Feng Yu asked.
If Li Dafu was willing to accept Feng Yu's solicitation, Feng Yu would naturally give him some shares. But now, you can still want shares, but you can’t get them for free. You have to make money!
"Of course I want to own some shares!" Li Dafu said without hesitation. Without shares, what does Songjiang Automobile have to do with him
Feng Yu nodded: "Let me do the math with you. The current market value of Bingcheng Machinery Company is about four billion. How much money do you have, I can sell you some shares."
Li Dafu has a big mouth. Did I hear that right? Bingcheng Machinery Company has a market value of 4 billion!
"Mr. Feng, is the market value of Bingcheng Machinery Company that high?"
"Let me do the math for you. Our agricultural machinery, brand and technology are currently the best in China and among the best in the world. I haven't even calculated the brand value. The technology, equipment, land and workers alone are worth more than ten Hundreds of millions! If you include the brand value, these alone are worth three billion!"
Seeing Li Dafu's surprised look, Feng Yu was a little proud. Others may think that the brand doesn't matter, but Feng Yu knows the true value of the brand.
"And our Songjiang motorcycle business is worth more than one billion, ranking first in the Chinese market. It is ours. This year's production and sales are expected to exceed 450,000 units!"
"Besides, the investment in Songjiang Automobile is not a small amount, and the brand has already gained a high reputation in China. And the business exported to Europe is worth more than one billion. I calculate that it is already 4 billion. Excluding the value of the brand, if the value of all the brands of Bingcheng Machinery Company is included, it would be worth at least 6 billion or more!"
Li Dafu was dumbfounded. He felt that his company was running very well and he was relatively wealthy. He originally thought that he could afford to buy some shares, but now it seems that if he sells the company, he can only get back 2% of the shares at most. This is a huge gap from the 5% share he expected!
"Mr. Feng, can't I just invest in Songjiang Automobile?"
Feng Yu smiled: "Songjiang Automobile has five branches and one research institute. Which one do you want to invest in? I have lowered the company's market value to give you a share of the head office. In fact, in the automobile business, currently even investment It hasn’t been recovered yet, but currently the company’s highest profit is agricultural machinery, second is motorcycles, and the automobile business is at the bottom!”
Li Dafu was confused. He saw that Songjiang Automobile was so famous, but its profits were the lowest? Which agricultural machinery has the highest profit
He didn't know anything about the agricultural machinery market. He thought that Songjiang Automobile's profits might not be as good as Songjiang Motorcycles, but he never expected that Songjiang Automobile's profits were not as good as those of agricultural machinery. Do agricultural machinery and equipment have such high profits
China is a big agricultural country, with 900 million farmers. Can the demand for agricultural machinery be reduced? What's more, the equipment of Bingcheng Machinery Company is all second-hand equipment from the former Soviet Union. It is cheap and easy to use, and the technology is leading in the country, and can even reach the world's advanced level. There is never a need to worry about sales. Others take the initiative to come to the company with checks. Those who place orders never worry about not being able to sell.
If Feng Yu hadn't asked to continue investing a lot of R&D funds in harvesters, tractors, seeding and plowing equipment, etc., profits would have been even higher.
If agricultural machinery is easy to use, more people will buy it. If it is durable, the price will naturally be high. Not to mention, Bingcheng Machinery Company's agricultural machinery is still the most famous in China. Just seeing this brand makes farmers willing to buy it!
Moreover, some technologies such as agricultural machinery, motorcycles, and automobiles are interoperable, which also saves a lot of research and development costs. In addition, Bingcheng has one of the best tire manufacturing plants, bearing manufacturing plants, etc. in the country, which has also allowed Bingcheng Machinery Company to reduce a lot of costs.
Well, the tire manufacturing plant, bearing manufacturing plant, etc. all have shares in FAW. FAW originally used them to provide themselves with accessories, but now, the main orders are from Bingcheng Machinery Company, which also makes FAW’s boss He was so angry that he couldn't intervene. After all, among those companies, there were still shares of the Bingcheng City Government, so it was not his turn to dictate!
But a lot of the technology inside is provided by FAW. From the perspective of FAW’s boss, this is simply capitalizing on the enemy! If possible, the vice president who originally said he wanted to build a spare parts base in Bingcheng should be fired directly!
"Mr. Li, how about it? Have you thought about it clearly? How do you want to invest in it?"
Li Dafu is as wilted as an eggplant beaten by frost, how can he still invest in a branch factory? As long as you slightly adjust production and sales, I may lose all my money. Of course, I can only invest in the head office!
Do I have to sell my company? From a big boss of a company to a small shareholder with only 12%, is this really what he wants? (To be continued.)
PS: The third update, thank you to book friends such as **** Shengtian, Mo Shuai Kuai Shiqing, Lonely and Forgetful L, Niuyu Armor, lsjyp, etc. for their monthly votes. Thank you. It’s the end of the month, everyone’s monthly votes will be wasted if you don’t vote~~ There will be more updates later