It can be said that these low-end product categories are in no way inferior to Lu's brand's star products.
Lu Fan originally didn't value the Lu family much.
The food factory was merely a trial product for him to enter Nanshan City. Moreover, he could also gain favor with Wang Mingtang, making it a win-win situation with multiple benefits.
However, the food factory's profits have now exceeded Lu Fan's initial expectations.
It even made him feel a little proud and expectant.
Lu Fan pondered for a while, then asked Wang Wei a completely unrelated question:
"The Lu family brand has only been around for a short time, yet it has already achieved such results."
"If it were a company the size of Shengjing, in your estimation, is there still room for profit growth, and by how much?"
Wang Wei was stunned for a moment.
Who would have thought that just over two weeks ago, she was still worried about Lu's soy sauce food factory and her own future?
How long has it been?
Even her boss, Mr. Lu, who she considered mature and prudent, had high hopes for the food factory's sales.
Wang Wei didn't delay for too long, and cautiously and conservatively gave Lu Fan a value:
"A hundredfold! Mr. Lu, this isn't me boasting; it's based on solid data."
“Where does our food factory have the sales and distribution scale of giant companies like Shengjing Company?”
"Relying solely on Baiyue and regular live streaming to distribute products, and with Baiyue not even having opened stores nationwide yet, how can we compare to world-class leading enterprises?"
Listening to the data reported by Wang Wei, Lu Fan couldn't help but sigh:
"Who would have thought that there are so many intricacies involved in simply running a food factory that isn't very large?"
It's no easier than when I founded the Jiang Group. Wang Wei pursed her lips and said:
"Actually, Mr. Lu, our food factory is actually quite small in scale."
"Our department has also conducted preliminary investigations on suitable locations for establishing Baiyue branches and food manufacturing bases during this field trip."
"For our own people, the annual market value of condiments alone has reached eight trillion yuan."
"Of course, the share of soy sauce, oyster sauce and other similar products is still small."
With a total market capitalization of eight trillion yuan for the year, this is still only a "small amount" in the condiment food sector.
Lu Fan felt that the compensation demanded by Shengjing Company was too stingy.
As a leading company in the global condiment industry, Shengjing Company captures 80% of the profits in this category.
The lawsuit is currently underway, and Lu Fan has not interfered much with Lü Qiuyi's side.
After some thought, he finally decided to expand the food factory by two more production lines: aged vinegar and white vinegar.
These are all condiments that require a certain brewing period, so they won't have a significant impact on the food factory's current production qualifications.
After Wang Wei finished reporting on her work progress, she thought she would receive praise or guidance from Lu Fan.
As it turned out, Lu Fan's ideas were surprisingly unconventional.
He wants to open two more product production lines.
Although Wang Wei didn't understand President Lu's way of thinking, her boss was rich and could do whatever he wanted, so as an employee, she had no choice but to obey.
"Yes, I will communicate with Director Yi Hailiang to complete the initial promotion and marketing of the products on these two lines."
A golf course in the suburbs of Nanshan.
Several CEOs, accompanied by caddies and their female companions, were leisurely swinging their golf clubs and enjoying cigars.
These CEOs are well-known in Nanshan City, and even nationwide.
Besides previous auctions and other occasions, they can always find a venue and a reason to have a business and "friendship" collaboration.
One of the female companions, at the boss's behest, brandished her golf club and asked with a smile:
"Mr. Kuang, we've been working on this new project for almost half a year now, why haven't we heard anything yet?"
"The funds are all tied up here. If we don't start construction soon, when will we get our payment?"
"The other CEOs have large and wealthy families, so they don't care about these hundreds of millions of investment projects. But I've put all my pension money into it. If I don't see some returns soon, I really won't have any spare money to spend."
She was beautiful and spoke in a coquettish tone. Although Kuang Peisheng knew perfectly well that she was testing the waters for the boss behind him, he was not angry.
Smiling, he pulled out his checkbook and gave the young woman a number:
"Alright, don't say I'm not loyal enough."
He could fool the beautiful woman, but he couldn't fool the shrewd investors present.
One by one, they helplessly expressed that they were having difficulties with their working capital: "Six months have passed and we haven't heard a word. If we didn't know that this project was yours, Mr. Kuang, and that Huanmei Group was backing it, we would all be worried that the project had failed and that we had all been scammed."
"Yeah, yeah, Old Kuang, what's the matter? Give us an answer!" "It's not that we want to desert, it's just that you've been dragging this out for too long."
Faced with the doubts of several partners, Kuang Peisheng was also helpless, his hair was in a mess from worry.
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