"Boss Wang, there's no news from the bank."
"What about Beijing?"
"Nothing either."
Beijing Oriental. Wang Dongsheng was smoking a cigarette.
He had been having a headache recently.
Beijing Oriental's first-quarter financial report came out, and they were losing money again.
Moreover, they lost 500 million yuan in the first quarter alone.
If this continued for a year, at this rate, they might make a loss of 2 billion yuan.
Although this loss could not be said to be the largest in China's history, it was still a record for an electronics manufacturing company to lose so much money. At the same time, on the stock market, because of Beijing Oriental's continuous losses, ST had been added to the list. All the individual investors had sold Beijing Oriental's shares that could be sold. Those that could not be sold were the bankers.
There was no other way. Even if they were the bankers, they were still trapped by Beijing Oriental.
ST's intention was to show everyone that this was a loss-making company and that investment needed to be cautious.
Since they could not get money from the stock market, the bank, or the higher-ups … Beijing Oriental was suddenly in an extremely difficult situation. At that time, some media outlets wondered if Beijing Oriental would be delisted.
"These guys."
Wang Dongsheng cursed in his heart.
When he founded Beijing Oriental, Wang Dongsheng had already expressed to the higher-ups and the banks.
The display business was not so easy to do. It had to be a protracted battle.
But at that time, they had promised, but a few years later, they regretted it.
Of course, Wang Dongsheng also understood that no one could withstand the losses for four or five years in a row.
However, at this time, Wang Dongsheng understood more about Samsung's strength.
Why was Samsung's display business so awesome?
Was it because of how good their skills were?
Samsung at that time was actually the same as Beijing Oriental now, and their technology was not as good as Japan's.
But they also entered the display business with incomparable courage and lost 20 years in a row.
But 20 years later, Samsung rose to prominence and successfully trampled Japan under its feet, thus achieving Samsung's position as the overlord.
Wang Dongsheng's approach was actually Samsung's approach.
However, the road to Samsung was too difficult to walk. Not to mention losing money for 20 years, even if it was losing money for four to five years now, it was not something that an ordinary company could withstand.
"Have you contacted other capitalists?"
"Yes, but when the other investors saw our financial reports for the past few years, there was no news from them."
The assistant whispered.
The assistant had no confidence in Beijing Oriental either.
A company that had been losing money for four to five years, and it was losing more and more money. Who would dare to invest in it?
Besides.
Look, even the banks don't dare to come in, and you still want capital?
Do you have more capital than the banks?
"By the way, Boss Wang, Boss Chen from Huanyu Technologies wants to visit the company."
"Let Vice President Liu go."
Wang Dongsheng's interest in Huanyu Technologies was waning.
He was not in the mood to care about the capital before he could solve it.
However, just as Wang Dongsheng was about to go to the bank in the afternoon to try his luck, Wang Dongsheng had an idea.
Huanyu Technologies, this company was not simple.
"Why don't I pull Huanyu Technologies into the picture?"
Wang Dongsheng had an idea in his mind.
If it was an ordinary Internet company, Wang Dongsheng would not think about it.
The display business was not much worse than the chip foundry business.
In terms of capital, it was even more terrifying.
Take their production line for example.
The display production line was divided into the first generation line, the second generation line, the third generation line, the fourth generation line, the fourth generation line, the fourth generation line, the fourth generation line, the fourth generation line, the fourth generation line …
The first generation line could produce a panel of 320 mm * 400 mm, and the investment scale was 1 billion.
The second generation line could produce a panel of 370 mm * 470 mm, and the investment scale was 2 billion.
The third generation line could produce a panel of 550 mm * 650 mm, and the investment scale was 4 billion.
The fourth generation line could produce a panel of 680 mm * 880 mm, and the investment scale was 6 billion. This size was about 15 inches.
The fourth generation line could produce a panel of 730 mm * 920 mm, and the investment scale was 8 billion.
Do you think that's it?
There are still the fifth generation line, the fifth generation line, the sixth generation line, and the most advanced seventh generation line in the world.
Just the investment and construction of these production lines alone would cost at least hundreds of billions.
You can imagine how many companies could withstand it.
You can also understand why Samsung has been losing money for 20 years.
It was not that they did not have the ability to make money, but such a terrifying investment required the power of the entire country.
In fact, Samsung was able to rise because of the power of the entire country.
Not only that.
Just the production line was not enough.
You had to find a market for the products you produced.
If you could not find a market, your hundreds of billions of investment would be finished in minutes.
Korean Hyundai's display was very impressive at that time, but it was also finished in the same way.
Of course, when Beijing Oriental was established, it also received the support of the bank and the higher-ups.
Therefore, Wang Dongsheng was prepared to go all out.
But with this kind of thing, after losing money for four or five years, you would start to doubt your life.
The higher-ups in Beijing felt that this display was too much of a loss, and they did not want to invest anymore.
When the banks saw that Beijing Oriental had been losing money, they felt that the initial investment might not be able to recover the cost, and they became hesitant.
But even so, Wang Dongsheng was still quite optimistic about Huanyu Technologies.
This company was very capable.
Although it was impossible to invest much money in Beijing Oriental, a few hundred million should be enough to solve the current emergency.
With this thought, Wang Dongsheng asked, "Who will be leading Huanyu Technologies' inspection this time?"
"I think it will be Chen Yu."
"Alright, don't call Vice President Liu. The chairman of Huanyu Technologies is coming, how can we let Vice President Liu accompany him? That's not giving him face. How about this, I will personally receive them in the afternoon."
"Okay, Boss Wang."
The assistant nodded and then left the office to prepare a series of arrangements for receiving Huanyu Technologies in the afternoon.
In the afternoon, Chen Yu brought Zhang Jianming and his team to Beijing Oriental.
Although the current Beijing Oriental was not the Beijing Oriental of the future, because of continuous investment, Beijing Oriental's scale had exceeded ten billion yuan. Moreover, the production of display screens was similar to the OEM of electronics. It required a lot of labor. Just a third generation line alone required thousands or even tens of thousands of people in the entire factory. This was very helpful in solving the employment problem.
Therefore, when Beijing Oriental was established, it received the full support of the higher-ups in Beijing.
Therefore, although Beijing Oriental's scale was not as big as Huanyu Technologies, its employees were ten times more than Huanyu Technologies.
"Boss Chen, the one in front with glasses and some white hair is Wang Dongsheng."
"Yes, I've seen his photo. He has the aura of a scholar."
"Scholar? He's not a scholar. Boss Chen, you have to be careful. Wang Dongsheng is known in the industry as the King of Deception. "
"Oh, what do you mean?"
"I'll explain it to you briefly. When Beijing Oriental was established, it actually owed a lot of money. It was impossible to establish this company. However, Wang Dongsheng used his deception skills to complete the conversion of debt to equity. Later, he said that display screens were very helpful in solving the employment problem, so he brought the higher-ups in Beijing over. Under the endorsement of the higher-ups in Beijing, Wang Dongsheng brought in a series of banks. But now, not only did Wang Dongsheng scam the higher-ups in Beijing, but he also scammed the banks. It's said that they lost 500 million yuan in the first quarter of this year. Wang Dongsheng is running around trying to find ways to raise money … "
"Oh."
Chen Yu nodded and said with a smile, "His deception skills are really good."
Although that was what he said, Chen Yu did not dislike Wang Dongsheng.
On the contrary, he admired him.
The investment in the display screen business was really too big. If he did not have this little bit of deception skills, how could it be done?
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