Feng Yu and Zong Qingxian discussed for a while and decided on Wahaha's development strategy for this year. Zong Qingxian's secretary came in to report that Li Dafu had arrived.
Feng Yu does not have an office in Hangzhou, and he asked Li Dafu to come to Wahaha. Feng Yu cannot go to Li Dafu's office. Wahaha is considered Feng Yu's home ground.
Li Dafu knew Feng Yu is one of Wahaha's shareholders, but he does not know Feng Yu is the biggest shareholder. Li Dafu greeted Zong Qingxian when he saw him. Both of them had met at Zhejiang's Chamber of Commerce.
Some businessmen from different regions had set up their own chambers of commerce. In some businesses, these chambers of commerce will work together to fight against businessmen from other regions. Everyone will make money together.
But Feng Yu is not interested in these chambers of commerce. What's the point of fighting among themselves? If you all want to work together to make money overseas, I will be interested. To put it bluntly, this kind of Chamber of Commerce was a kind of gathering of local interests. It had existed since ancient times, but it had disappeared later on. After the reform and opening up, it had reappeared.
What's funny is these businessmen are proud of their chambers of commerce and want to restore the glory of Zhejiang!
After chatting with Li Dafu for a while, Zong Qingxian left, leaving only Feng Yu and Li Dafu in the meeting room. Zhong Qingxian did not want to listen to them since it involved other companies' matters.
"General Manager Feng, I think you know why I am here. I wonder if I can work with you to make Hua Xia's automobile industry and Songjiang Motors develop?"
In the past, Feng Yu had given him the opportunity to create China's best automobile brand and the best automobile brand. But Li Dafu gave up. Now, he can only talk about making Songjiang Motors develop.
"What's wrong? Manager Li, have you thought it through? Are you not going to run your company?" Feng Yu smiled and asked.
"I am going to let someone else manage my company, and I will be working at Bing City Machinery Company. Is there any conflict?" Li Dafu asked. Many people will be managing their own companies while working at other companies. But Li Dafu does not know if Feng Yu will agree.
"That's fine. But do you want to be an ordinary executive, or do you want to own some shares?" Feng Yu asked.
If Li Dafu had accepted Feng Yu's offer, Feng Yu will give him some shares. But now, he can get shares, but he cannot get it for free. He must pay!
"Of course, I want some shares!" Li Dafu replied without any hesitation. If he does not own any shares, what does Songjiang Motors have?
Feng Yu nodded: "Let me calculate for you. The current market value of Bing City Machinery Company is about 4 billion RMB. How much money do you have? I can sell you some shares."
Li Dafu's jaws dropped. Had he heard wrongly? Bing City Machinery Company was worth 4 billion RMB!
"General Manager Feng, is Bing City Machinery Company worth so much?"
"Let me calculate for you. Our agriculture machinery, brand, and technologies are the best in Hua Xia. We are one of the best in the world. I have not calculated the value of our brand. Just our technologies, equipment, land, and workers are worth more than 1 billion! If we include the value of our brand, it is worth 3 billion! "
Feng Yu was proud when he saw Li Dafu's shocked expression. Other people might think that brands are not important, but Feng Yu knew the true value of a brand.
"Also, our Songjiang Motorcycles business is worth more than 1 billion. Hua Xia's number one motorcycles is ours, and our production is estimated to be more than 450,000 units this year!"
"Also, our investments in Songjiang Motors is not a small amount. Currently, our brand is well known in China and is also exported to Europe. This business is worth more than 1 billion. I have calculated that 4 billion is after deducting the value of our brand. If we include all of Bing City Machinery Company's brand value, it is worth at least 6 billion! "
Li Dafu was dumbfounded. He felt that his company was doing very well, and he had some assets. He thought he could afford to buy some shares. But now, it seems that even if he sold his company, he could only get 2% of the company's shares. This was a far cry from the 5% shares he expected!
"General Manager Feng, can't I just invest in Songjiang Motors?"
Feng Yu laughed: "Songjiang Motors has 5 branches and a research center. Which one do you want to invest in? I had lowered the company's value to let you invest in the head office. In fact, we still have not recovered our investments in the automobile business. Currently, the company's highest profits are from the agriculture machinery, followed by the motorcycles. The automobile business is the last! "
Li Dafu was stunned. Songjiang Motors was so famous, but their profits were the lowest? Then which agriculture machinery had the highest profits?
Li Dafu was not familiar with the agriculture machinery market. He had thought that Songjiang Motors' profits might be lower than Songjiang Motorcycles. But he did not expect Songjiang Motors' profits to be lower than the agriculture machinery. Were the agriculture machinery so profitable?
Hua Xia was an agricultural country, and there were 900 million farmers. How could the demand for agriculture machinery be low? Furthermore, Bing City Machinery Company's machinery was second-hand from the former Soviet Union. The prices were cheap and the technologies were the best in China. Some of the technologies were even the most advanced in the world. The company never had to worry about the sales. People were the ones who ordered from the company.
If it wasn't for Feng Yu's request to continue investing in the harvesters, tractors, sowing machines, etc., the company's profits would be higher.
If the agriculture machinery was good, there would be more people buying it. If it was durable, the prices would be higher. Furthermore, Bing City Machinery Company's agriculture machinery was the most famous in Hua Xia. Farmers were willing to buy just by looking at the brand!
Also, the technologies of the agriculture machinery, motorcycles, cars, etc. were interoperable. This saved a lot of R&D costs. Also, Bing City had one of the top tire factories, bearing factories, etc. in China. This allowed Bing City Machinery Company to lower their costs.
Hmmm … First Automobile Works had shares in those tire factories and bearing factories. First Automobile Works had been using those factories to supply spare parts to Bing City Machinery Company. But now, most of the orders were from Bing City Machinery Company. This made the CEO of First Automobile Works furious. But he could not do anything. After all, Bing City Government had shares in those few companies, and he had no right to interfere!
But most of the technologies were provided by First Automobile Works. To the CEO of First Automobile Works, this was giving money to his enemies! If it was possible, he should have fired that Deputy General Manager who wanted to set up a spare parts factory in Bing City!
"Manager Li, how is it? Have you thought it through? How do you want to invest?"
Li Dafu was as listless as an eggplant. How else can he invest? Invest in a branch factory? If you adjust the production and sales, I will lose everything. Of course, I can only invest in the head office!
Do I have to sell my own company? From being the boss of a company to a small shareholder with only 1 to 2% of the company's shares, was this what he wanted?
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