Xing Baohua had no choice but to call Ji Lanhe from the town over.
Times have changed. What was once a small electronics factory, the size of a straw rope factory in Shangguzhuang, is now a behemoth.
Although Xing Baohua doesn't have any professional title, he is a member of the provincial committee.
He held a very high position, yet he was the 'knowledgeable person' of the previous town. Both in terms of status and identity, he was someone to be looked up to.
Yang Jing's cousin also has a powerful background and a complex network of relationships.
The deficit of over 50 million yuan will leave the town struggling to breathe in two or three years.
The bank interest alone is enough to keep them from suffering.
Ji Lanhe had come prepared, and seeing Xing Baohua's bad expression, he didn't say anything apologetic.
Instead, they showed Xing Baohua several reports, explaining that they had carefully considered the matter before acquiring several plots of land for real estate development.
It's certainly not good to use the money meant for building hotels to build residential buildings, but there are still significant business opportunities involved.
Their investigation revealed that many people renting houses in the town are eager to move in as soon as possible, drawn by the development of the High-Tech Zone. Some want to buy houses but haven't yet.
Opening up residential areas presents a significant opportunity to increase income levels in the town.
Xing Baohua said irritably, "Your idea is good, but have you considered the property rights of the house? Who owns it? Is it for rent or for sale?"
“We’ve looked into it: short-term rentals and sales. The sale would be to companies in the High-Tech Zone as employee housing. There shouldn’t be any procedural issues,” Ji Lanhe said.
"I'm truly impressed by you guys. Can't companies figure things out on their own? You're making them finance real estate development? Even if you sell it, what's the value of the property? This isn't how you play the real estate game." Even if Xing Baohua didn't understand real estate development, he knew a thing or two about it.
Land sales and taxes are their main sources of income.
Now it seems like land is worthless, but houses are valuable. These days, the cost price of a house is around 200-300 yuan per square meter.
Even if you can earn 100 yuan per square meter in the town, how much is that? It's a classic case of losing the big picture for small gains, and you've invested a large sum of money that you can't get out of there anytime soon.
This will cause a chain reaction, starting with the construction of hotels.
Banks disburse loans according to the progress of the loan application. Why would someone be able to make a loan payment in advance? There must be something going on here, otherwise who would believe it!
Ji Lanhe, Yang Jing, and Zhang Taoming are relatives. How could the bank possibly give Ji Lanhe preferential treatment without consulting them?
"What are we going to do now? The hotel construction has just stopped. Have you thought about what will happen if there are any problems with the construction of the residential area? Don't tell me you're withholding the money!" Xing Baohua questioned.
Seeing that Ji Lanhe didn't speak, Xing Baohua guessed correctly as expected.
Xing Baohua pointed his finger at Ji Lanhe's nose and said, "You really are the bosses."
"What else can we do? We'll have money after the New Year, right? If you want the hotel to be built faster, you can help us guarantee another round of funding." Ji Lanhe hadn't yet realized the seriousness of the problem.
Instead, he asked Xing Baohua to continue helping him.
Xing Baohua was so angry he laughed. This was like drinking poison to quench his thirst; if he continued to provide guarantees, he would be the one who suffered losses.
This guy wasn't in a hurry. When the agreement was signed, if the town couldn't repay the loan, Xing Baohua, as the guarantor, would cover it, but the hotel's ownership would go to the electronics factory.
Let's just watch them make a mess of things.
People get involved in real estate without even considering the timing and location.
Most people still believe that companies provide housing, so if they want to sell their house, they should also consider the financial situation of the surrounding residents.
Buying a house is a slow process; it's just that the timing is wrong. If it were the 1990s, people would have accumulated a certain amount of wealth and could borrow some money from relatives to buy a house.
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Besides, houses in smaller towns are cheaper, mostly under 1,000 yuan per square meter. Some are even as low as 500 or 600 yuan per square meter.
The pressure of buying a house is not too great.
These idiots have ruined such a good piece of land.
Once there are buildings on the land, you can forget about redevelopment for the next 30 or 40 years, and the old neighborhoods will remain cheap.
Thinking about what these idiots did, Xing Baohua felt heartbroken; such good things were wasted.
He then told Ji Lanhe, "Don't ask me to bail you out. I don't have that kind of spare money. I'm already heavily in debt and don't know how I'm going to pay it off."
"Didn't you have a sum of over 20 billion that came in?" Ji Lanhe asked in surprise.
"You know that?" Xing Baohua shook his head, too lazy to explain.
Explanations are useless, because the enormous number has already captured people's hearts. Whose it is is not important; what matters is that there were over 20 billion in the account.
"The hotel construction needs to be completed as soon as possible, otherwise it will be a ticking time bomb." Xing Baohua's warning was just that—a warning. Whether Ji Lanhe would listen to him was none of his concern at the moment.
However, this also served as another reminder to him. After sending Ji Lanhe away, Xing Baohua called several senior managers from the factory to a meeting.
Xing Baohua first reviewed the factory's production and expenditure situation.
I learned from Liu Quan that the main factory's production volume has increased by 60% compared to last year.
The monthly production of mobile phones is 70,000 units, and with the addition of several OEM manufacturers, the total monthly production reaches 230,000 units.
The current monthly production capacity of pagers has reached 330,000 units.
The tape recorder has a limited number of models, with a total production of only 120,000 units across all models. The high-end Mi X Ultra-thin series has a monthly production of less than 30,000 units.
The monthly production of learning machines is currently 80,000 units, which is allocated based on market sales volume.
The computer workshop is the department with the lowest production volume in the entire factory, producing around 20,000 laptops and desktops per month.
Each workshop operates on a three-shift system, ensuring stable production.
Xing Baohua then inquired about computer shipments and learned that laptops were the worst-selling category, currently facing significant backlogs.
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