Actually, Tai Hua Trading does not have a lot of funds to use. Feng Yu had earned a lot last year, and he had spent a lot. He had also bought a lot of shares in the company and the bank. He does not want to sell them this year.
The shares cannot be sold, and he still owes the bank a loan. It was just after the New Year, and according to the current fiscal year, he had to pay the interest of the loan. This made his company's account shrink again. Furthermore, the advertising fees had increased by a lot. Although it was not for the whole year, it was not a small amount.
But Feng Yu was not anxious. When he returns to Bing City, he can still split the advertising fees evenly. Whichever product uses the advertising fees, that product will be the one that uses the advertising fees. The one that enjoys the profits from the product will have to pay the advertising fees!
Especially the Machinery Company. Feng Yu felt bad if he did not take advantage of them!
Also, the Motor Factory will be able to buy the technologies. Just these technologies alone will make Feng Yu a few million. Kirilenko and Li Shiyou will settle the taxes.
The motorcycle sales will also be reimbursed. According to the contract with Li Mingde, Tai Hua Trading will be paid monthly. Feng Yu still had ways to get 10 million. For example, he could use the profits from Tai Hua Food Processing Factory.
Zong Qingxian still could not give Feng Yu a definite answer. But he told Feng Yu that he will return to Hangzhou tomorrow and give him an answer within 3 days. Feng Yu could tell that Zong Qingxian was tempted.
Feng Yu did not say anything and returned to his room to rest.
The next morning, Feng Yu went to CCTV again. To everyone's surprise, he managed to get 3 valuable advertising slots.
Feng Yu's spending had shocked everyone. This time, Tai Hua Trading was the most popular company at CCTV's advertising conference. They had bought the most advertising slots and spent the most.
Everyone found out that this Tai Hua Trading was the company that sells Wind and rain humidifiers and Songjiang motorcycles. These were all money-making cows! What was more unbelievable was that this young man was the General Manager of Tai Hua Trading. Wasn't he the son of Tai Hua Trading's General Manager?
This was also the reason why when Feng Yu left CCTV, his bag was filled with business cards. There were private companies, state-owned enterprises, and even foreign companies. Feng Yu had brought 100 name cards, but it was not enough to give out!
Feng Yu had another job to do in Beijing, which was to look for Baldy Chen. He wanted to see how the commercial for the Wind and Rain bladeless fans was coming along.
Originally, Baldy Chen did not want to take on such commercials again. But because the original investor of the movie he wanted to invest in backed out, he was short of money now.
Feng Yu still gave him 50,000 yuan to film the advertisement, including the script. He also spent 300,000 RMB to invite Baldy Chen to be their spokesperson for 3 years. Baldy Chen happily agreed. The advertising fees for an electric fan would definitely not be comparable to a motorcycle.
A few days ago, Baldy Chen had gone to Bing City to shoot a commercial. He was also in a hurry and returned to Bing City. He used his spare time to finish the commercial.
Feng Yu looked at the commercial on the TV in front of him. Although he knew that this commercial would be funny and had seen it on the set before, he still laughed when he saw it again.
Baldy Chen had used his bald head to pass through the bladeless fan. With his exaggerated expressions and funny lines, the effect was very good.
The second commercial was also ready. It was Baldy Chen wearing a wig and his wig was blown off by the fan. But this commercial would be filmed next year. There was no rush.
Just this commercial alone would increase the bladeless fan's sales. Baldy Chen was the right person to hire. With the Chinese people's curiosity, those rich people would surely buy these products.
Especially that line, "High-tech products, aristocratic enjoyment." This line was more in line with those rich people's vanity. Even if they could only sell 10,000 units a year in China, Feng Yu could easily get more than 10 million RMB profits!
… …
Back in Bing City, Feng Yu went to look for Li Mingde. The commercial on CCTV was due to expire in May. The commercial would continue to air, and it was time to pay for it.
After Lunar New Year, the motorcycle sales increased again. In January, 7,000 units were sold. In February, 8,100 units were sold. In March, the sales exceeded 10,000 units and reached 10,050 units!
Feng Yu said that this was the effect of the commercial. If they continued to air the commercial on CCTV, the sales would continue to increase after the Labor Day holiday. This year, they could even sell 140,000 units!
1 million a month. From June to December, it would be a total of 7 million. Feng Yu's contract with Li Mingde was due to expire at the end of January next year. But Li Mingde refused to pay for that month. The reason was that he had agreed to air the commercial this year and not next year!
This time, Feng Yu had renewed his contract with CCTV. Although the rates had increased a lot and he had bought 3 more slots, the duration was only for 7 to 8 months. The total advertising fees he had spent was less than 7 million RMB. Li Mingde had "reimbursed" the money!
Hmmm … … It felt good to resell CCTV's advertising slots!
That night, when Feng Yu was playing video games with Wen Dongjun, he received a call from Zong Qingxian.
When Zong Qingxian returned to Hangzhou, he had discussed with his two partners. The factory needs to expand, increase production, and purchase new equipment. All these required money.
The bank loans had not been repaid, and they could not get a new loan as there was no collateral. Now, someone was willing to use 10 million RMB in exchange for 40% of the shares. This was a good opportunity for the heavily indebted Wahaha.
Zong Qingxian told them about the pros and cons of selling the shares. He told them that the company was still under their control. Feng Yu would only send a financial representative to the company and would not be involved in the company's operations.
The other two partners were overjoyed. They had suffered enough. Originally, the company was prospering, but they had taken a big step in expanding production, and accidentally broke the egg.
The company had made a lot of profits, but they did not get a single cent. Instead, their lives were getting worse. Although the future was bright, the risks were high. If there were any problems with this year's sales and did not reach the target, the bank's loans would drag them down!
With one more person to share the risks, the company would have sufficient funds to increase their production and market share. This was a win-win situation!
These two partners had wanted to persuade Zong Qingxian to get another investment. If not, the company would not be able to survive. The material suppliers had threatened to cut off their supplies!
Since the other two partners had agreed, Zong Qingxian went with the flow and called Feng Yu in front of them.
Feng Yu had asked Zong Qingxian to come to Bing City to sign the contract. He had prepared the money, but he had something to do and could not leave.
Zong Qingxian could not help but ask Feng Yu. Was Tai Hua Trading in trouble? Feng Yu replied casually. Tai Hua Trading was not in trouble. It was just that he still had to attend classes and could not apply for leave!
Zong Qingxian: "… …"
He finally knew that the General Manager of Tai Hua Trading was a high school student!
A high school student had actually opened such a large company. What kind of monster was this? What kind of genius was this?
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