In 1990, China reopened its stock market.
Fang Electronics became one of the first companies to be listed in China and achieved huge success!
Although Liu Gang wasn't the richest man in this life, Fang Fang's family still held a 15% stake. Adding to that their electronics factory, their combined strength was already among the best in the country.
In this era, most of the companies that can go public are state-owned enterprises or public-private joint ventures.
There are really not many private enterprises that can grow so quickly.
After several years of development, Fang's sales of pagers have reached several million units, and the price of pagers has also dropped.
Because all the spare parts were developed in-house, she only needed to sell them for 1,000 yuan instead of 2,000 yuan. Of this 1,000 yuan, 200 yuan was actually the installation fee paid to the telecommunications company, which was a fixed cost.
However, due to the large sales volume, the profit must be considerable. The revenue from pagers alone has exceeded 1 billion yuan.
This was 1 billion yuan in 1990.
The overseas market is more complicated than imagined. It can be said that entering the local network means that the local market is monopolized, so Fang Fang finally chose to put it on hold for the time being.
Sometimes when you are competing in the market, it is not easy to sell just because your price is low.
In particular, we need to cooperate with local communications departments, and there are many links that need to be connected.
Fang also began to market her mobile phones. Her first batch of phones, named Xinlian, sold 5,000 at 10,000 yuan each. Compared with other phones on the market that often cost 20,000 or 30,000 yuan, Xinlian phones were very cheap.
If it weren't for the suppression from competitors, their mobile phone sales could have increased several times.
Today’s mobile phones still cannot send and receive text messages, mainly because the infrastructure is not up to par.
Fang Fang is not obsessed with developing this function.
Page machines use the service model of call machines, while mobile phones use landlines, which are still in the 1G communication era and can only be used to make calls.
If we want to combine the functions of a pager with 1G communications, this requires a groundbreaking development.
Fang Fang thinks it is not impossible. There is a theoretical basis, but it is still a bit difficult to combine it with the hardware.
And this will greatly increase the cost.
It is nothing more than combining two sets of signal chips into one machine.
It is like the dual SIM dual standby system in later generations.
After all, chips can now write themselves.
It's nothing more than a chip with more functions integrated into it.
But later I discussed with my second brother and others and decided that we could launch it in a few years.
After all, their mobile phones are now unique on the market.
It has an unparalleled price-performance ratio, a long battery standby time, and is unparalleled in lightness and thinness.
Although it is still a brick in Fang Fang's eyes, it is much superior to its competitors.
My second brother suggested that we sell the phone based on its current functionality for the first two years.
This is indeed the case with the current Internet.
What's more, the advantage of pagers over mobile phones is that they have more signal towers, while mobile phones have too few signal towers and their communication range is very limited.
For example, the mobile phone in the north city will have no signal when you leave the north city or go to areas with weak communication.
There is no roaming communication signal in this era.
The communication networks of various cities are not yet interoperable.
Fang Fang agreed to listen to her second brother's advice.
She thought that if the price of mobile phones could be lowered in the future, it would be no problem for her to beat Korean and European mobile phone companies.
The success of Fang Electronics has made some people in the Fang family restless.
For example, the eldest sister-in-law of the Fang family.
She has been complaining lately that she doesn't have enough money and wants to share her mother's shares.
Although Peng Mengling's shares were diluted after the final listing, the total number of shares was still very large and the amount was astonishing.
Faced with huge interests, Stanley Fang could no longer restrain his wife Jiang Nanyin.
Every time I go home for dinner, it always ends in a bad mood.
This weekend, they came back with their son for dinner, and Jiang Nanyin brought up the idea of asking the child's grandmother to give her grandson shares.
"Mom, your shares will be distributed to your son and grandson sooner or later anyway, why don't you divide them up sooner?"
Peng Mengling was so angry that she almost vomited blood.
Every time Jiang Nanyin started to bring it up, her family would start running away.
She has become increasingly disappointed with her eldest daughter-in-law recently.
The second, fourth, fifth, and sixth sons wouldn't participate in the discussion because they had already invested more and held more stocks. The third son wasn't home anyway, and wouldn't care if he was.
Although my sister-in-law has a lot of money now, she is jealous of others who have more money.
Especially since her mother's family had an accident once, she sold some of her already small shares to the fifth brother, and then sold them again to the second brother's family, and finally only 0.5% of the shares were left.
In fact, based on this number, the total value is not small.
But when she counted what her mother had and what Xiaofang had, she naturally became uneasy.
Moreover, my mother has many children and grandchildren, and she is afraid that she will get less of the money in the future, so she hopes that my mother will distribute all the shares as soon as possible.
Seeing everyone hurriedly eating and running away, Peng Mengling got angry with her daughter-in-law for the first time, "Nanyin, if you insist on coming back every time to ask for stocks, I tell you, I won't give you any stocks before I die.
Don't talk to me about shares in the future.
Besides, you don’t have to come back for dinner anymore.”
Fang Hongshen was also a little annoyed with her, "How many times have I told you, don't mention it when you come back, don't think about the things in Mom's hands."
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