Chapter 725 State-Owned Sugar Factory



In the second half of the year, Xu Manman's work at school was the same as usual. After all, she was not a counselor, did not teach a class, and did not have to do student work, so she did not have so many troubles.

Occasionally, when she was correcting homework in the office, she would hear the students and counselors making a fuss in the big office next door. Xu Manman felt a little relieved that she only had to teach and didn't have to worry about student work.

However, Jin Zichu's life outside the school is not so free. Although the work on the other side of the ocean has been replaced by intelligent robots, there are still many problems to deal with in the group offices in Hong Kong, Shanghai, Beijing, and Guangzhou.

The investment in Haishi went smoothly, the company's high-rise buildings were built, and the group became quite famous in Haishi.

But precisely because of the success of Haishi Investment, it was successfully targeted by the Beijing Municipal Ministry of Commerce.

There are many state-owned factories in Haishi, and as it is the capital, there are even more state-owned enterprises. Isn't Xu Gang still working at the Haishi Machinery Factory?

Now that the market has been fully liberalized, state-owned enterprises have been impacted and have already shown signs of decline, as can be seen from the fact that the number of jobs allocated by universities has been decreasing year by year.

Inside the factory, wages cannot be paid, products cannot be sold, suppliers cannot be paid, triangular debts are linked together, and it is not uncommon for the capital chain to be broken.

In contrast, small private workshops are thriving.

The person who came with the Ministry of Commerce today was the director of the Jingshi Sugar Factory.

Jin Zichu pushed the cup filled with tea over and said, "This is the tangerine peel Pu'er tea I brought from Guangzhou a few days ago. It has a very special flavor. Please try it."

Director Lin picked up the teacup with both hands and said, "Thank you, Mr. Jin." Although he was nervous, he was careful to drink only half of the cup in one gulp.

Director Xing of the Ministry of Commerce had told me before I came here that this was different from the previous times when I had drinks and chats with suppliers, colleagues and subordinates. Today I was begging for investment, so I had to be extra careful with my words and actions.

He usually makes tea in a ceramic pot, looking like a gentleman, but he drinks tea more to quench his thirst and relieve greasiness. Although he doesn't drink it like a cow, he still looks a bit vulgar in front of this real gentleman.

And only after visiting them today did I understand what a truly wealthy family is.

He has been to both the Forbidden City and Prince Gong's Mansion. Although he is currently staying in the second courtyard, one can guess from the layout and shape that this place is not much different from the prince's mansion, right?

Regardless of how wealthy their family is, just looking at this yard, you can tell it cost a lot of money.

Jin Zichu doesn't care about the details of tasting tea with others. He and his wife only do so when they have the free time. His wife even pairs her tea with spicy strips and potato chips. It's not as particular as outsiders think.

This tea is rare for the host to drink directly, and there is a lot of it stored at home. As for other teas, my wife prefers to make them into milk tea or fruit tea rather than drinking them directly.

Of course, the quality of the drinks he used to entertain guests was definitely different from what his wife drank.

After two or three cups of tea, Director Xing and Director Lin turned the topic from casual chat to serious business.

It turns out that this sugar factory is also a typical enterprise trapped in triangular debt, and it has an even greater disadvantage compared to steel mills, cotton mills and the like.

In the past two years, the release of imported sugar stocks into the market has led to a serious oversupply and a sharp drop in sugar prices.

Moreover, due to market shocks, domestic sugar could not be sold, resulting in inventory backlogs and financial difficulties.

The phenomenon of IOUs in purchasing raw materials such as beets and sugarcane is serious, farmers' willingness to grow sugarcane has decreased, and the lack of raw materials has affected production capacity.

One thing leads to another, and this is the outcome we have today.

Director Lin rubbed his hands together and said, "Mr. Jin, to be honest, the sugar factory hasn't paid wages for over three months."

This batch was sold on the eve of the Spring Festival last year. With the support of the government, the sugar factory's products were added to the logistics procurement list, which allowed the factory to turn around for some time. Otherwise, it might not have been able to pay wages for half a year.

Now, not only is it unable to pay wages, the factory doesn't even have the money to buy raw materials, and is on the verge of shutting down.

Jin Zichu put down the cup in his hand and said, "To be honest, the sugar factory doesn't have much economic value to me." There is an inventory backlog, redundant workers, and heavy debts.

As far as he knew, although the funding gap for raw materials and workers accounted for the majority, a considerable portion was the factory's customer relations expenses.

In other words, it is the expenses of the factory leadership team going out for entertainment and meals. In the early years when the sugar factory was profitable, they cooperated with major hotels. At that time, they signed contracts, and then the hotels would go to the sugar factory to settle the bills at the end of the month.

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