Chapter 434

As the wealth of DaMi Technology continues to grow, how many people are envious!

Especially for the General Trade Department, this money should go into its account and be at its disposal.

I don't know when the price reduction trend started, but the foreign home appliance brands exhibiting at the event actually lowered their prices on their own initiative.

The trade association felt that if they didn't make a large-scale purchase at this time, they would be letting down the results of their participation in the exhibition.

With limited foreign exchange reserves, the amount of money available for civilian use is even smaller.

They placed orders frantically to raise deposits, intending to have rice pay for it.

There was a previous agreement that they would pay for the rice overseas and then reimburse the rice supplier for the overseas payment. Although it was a bit troublesome, it was better than going through the bank and losing transaction fees, and it could even save a lot of money.

The General Trade Commission started a shopping spree without notifying the rice suppliers.

They consumed 30% of the goods, without even considering whether ordinary people in China could afford it.

Goods imported at low prices are still sold at the original price as usual, and with the addition of TV tickets, airfares, or appliance vouchers, the profit can be increased by about 35%.

Normally, home appliances have a direct profit margin of 15-20%, and with overseas manufacturers offering significant price reductions, they are able to earn even more.

After that, they distributed the imported goods to provincial and municipal units in accordance with the quotas.

The plan was well-thought-out, but unfortunately, Xing Baohua already loathed them and gave Changhong a terrible idea.

To break the deadlock in using a strategy of bringing domestically produced goods to rural areas for imported goods in general trade, the only solution is to lower prices.

Vouchers for home appliances are generally hard to find; you either have to wait for them to be issued or pay someone to redeem them, which increases costs.

In recent years, Changhong has focused on quality, after-sales service, and the "three guarantees" policy, and its reputation has gradually improved. Following the example of rice brands with their extensive advertising campaigns, Changhong's sales volume has also steadily increased.

The massive enterprise is also constantly expanding, and its output is astonishing. In order to avoid the impact of international brands and the resulting backlog of inventory, they also followed Xing Baohua's advice and opted for a soft landing.

The daily output is fixed, and if sales decline, the pressure on the production line increases. This thing can't be shut down casually.

Based on Li Xiangyang's report, General Manager Ni of Changhong convened a factory meeting.

One of the challenges in thoroughly understanding Xing Baohua's sales strategy is dealing with TV ticketing. How do we solve this problem?

Policies vary from region to region. To put it bluntly, a ticket is a way to restrict shopping; it's not something anyone can buy freely.

In fact, by the late 1980s, after the surrounding areas of Nandu became abundant with resources, various tickets were no longer needed.

Besides, individual businesses and various vendors wouldn't accept these tickets; they wouldn't be able to handle too many.

The main transaction is still in currency. We also charge for transactions using tickets, but it will cost more.

Changhong will adjust its pricing strategy based on the situation in the southern market, reducing prices to the maximum extent possible.

Because it's not just about targeting legitimate imported goods, but also smuggled goods.

That thing is cheaper, but the quantity is small, so it doesn't pose a threat.

Major northern cities need to send people to negotiate, establish relationships with local material bureaus, and even obtain documents from key departments in the capital.

Changhong is quick to act, after all, it has a tradition of being decisive and efficient.

The television market, which was supposed to take several years to recover, was brought forward by Changhong.

Many television manufacturers that were struggling with poor sales and waiting for government funding were completely wiped out, with over 40 out of more than 100 being eliminated through Changhong's disguised low-price sales strategy.

The vast majority are still struggling, but those with inventory or local government funding are temporarily protecting them, so they can hold on for a while.

This is a man-made storm that has baffled some sociologists and market economists. There was no crisis, so why are there such widespread price drops in home appliances?

This also resulted in some items in certain forward-looking areas being excluded from economic plans.

As the Canton Fair drew to a close, Xing Baohua instructed his chief secretary to handle the cleanup, and that he would take full responsibility for any future fairs.

After making these arrangements, he returned to Hong Kong.

Anyway, it's a lot of running back and forth, and even though the distance is short, it's still tiring.

The submarine fiber optic cable project connecting Hong Kong to the world is nearing completion and will soon enter the testing phase. Although it will take more than a week, Xing Baohua has no choice but to wait to avoid having to travel back and forth.

With his career on track and professional managers overseeing the company, he had nothing much to do except focus on research and development, which made him feel much more relaxed.

He's either shamelessly flirting with Master Zhou or digging in the golf course.

I don't know if he has a grudge against the golf course or what, but the coach has taught him many times and corrected him countless times, but he just can't get rid of this bad habit.

If someone damages your lawn, the owner won't dare ask for compensation; they'll have to smile and say, "Come again next time."

Su Ya, who was far away in the capital, went out to eat with her friend Peng Qian after class at noon.

Peng Qian became her complete follower, and the two of them often ate at restaurants outside the school because they thought the hygiene was better.

In addition, Su Ya is not short of money and lives a relatively comfortable life, so she can only keep her distance from the food in the school cafeteria.

The two had just sat down and ordered their food when they unexpectedly ran into the legendary celebrity.

Why is Gong Li here?

It took Brother Mou a long time to observe and realize that Su Ya basically ate at this restaurant regularly.

So Gong Li appeared, and although she was wearing a mask, her charisma was still undeniable.

Peng Qian recognized her at a glance and even wanted to say hello, but the other person came over directly as Su Ya.

He told Suya to go somewhere else to eat. She did.

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