On February 15, 1998, Lin Lairong recruited a group of financial talents for Wanfeng in Xianggang, ranging from analysts to traders.
In this way, Huaguang Finance, which was registered in Xianggang last year, was officially established.
Although Lin Lairong promised that these people were absolutely reliable, Wan Feng was still worried and sent two financial experts from the mainland to supervise them.
It was only then that Wan Feng realized that he had been a little short-sighted in finance. Even if his company did not plan to go public in the future, the group still needed a large number of financial talents.
The group is a bit short of talents in this area. It is ridiculous that such a large group has only dozens of professional financial talents.
Fortunately, it is not too late to mend the situation, and it is still in time to recruit students this summer.
On July 2, 1997, the day after the sovereignty of Hunan and Hong Kong returned to China, the Thai currency collapsed, thus marking the beginning of the Asian financial crisis.
Next up: Maleshia in August, Xinjiapi in September, Taiwan in October, Hanguo in November, and Riben in December...
All the countries that suffered financial attacks suffered heavy losses. Japan suffered the least, but it also came at the cost of the collapse of dozens of banks.
The losses here were the most severe in Han, Asia's third largest economy at the time.
Thirteen of the thirty-one largest companies in Han Country have been dissolved and closed down, and the rest are struggling to survive. Even the Han Country government is on the verge of bankruptcy, and is encouraging the people to donate money to survive.
If the country is in such a mess, how can it be any better? It is no exception and is beginning to suffer from a miserable life.
By the winter of 1997, the product conditions of the three animals had deteriorated drastically, and capital losses had occurred.
Due to exchange rate parity and overseas business losses, the debt reached 6 trillion won, and the loan amount reached 13 trillion won.
The company's stock price has plummeted. According to this trend, Sansheng will face the biggest crisis since its establishment in the next two to three years.
At the end of November 1997, Sansheng implemented an economic reform plan, which included streamlining one-third of the company's institutions, reducing executive salaries by 10%, and reducing investment by one-third, striving to save 50% of funds in 1998 to help the company overcome difficulties.
This shows how difficult the three animals' situation was.
If Sansheng wants to save itself, it has to rely on increasing revenue and reducing costs. Reducing costs is the reform plan made by the above, and increasing revenue means relying on the 1GB DRAM that was launched on the market last year and the 128MSDRAM that was successfully developed in February 1998.
However, it will take at least half a year for 128MSDRAM to be on the market, so Sansheng can only rely on 1GBDRAM to save the market.
So Sansheng began to raise the selling price of memory.
It now occupies the leading position in the memory market. Due to the extremely rapid development of the Internet in recent years, the sales of computers around the world are almost like a tidal wave.
Computers cannot do without memory and flash memory. Sansheng, which is the leader in memory, naturally holds the pricing power. The second in this industry is also the Han country company Hailishi.
Therefore, the pricing power of memory is almost entirely in the hands of the Han people.
At the end of March 1998, the memory market began to change. The price of memory from 256MDRAM to 1GB suddenly increased by 20%, from 30 million yuan to 38 million yuan.
The increase was close to 30 percent.
But just when Samsung was hoping that this product would help it overcome the difficulties, in April 1998, three days after Samsung raised its prices, a company quietly launched 1GB DRAM on the market.
At the same time, what shocked Sansheng was that the company also launched 128MSDRAM ahead of schedule.
This company is Huaguo Huaguang.
Since taking over almost all of the original Qimonda's backbone personnel and purchasing Qimonda's patent intellectual property rights last year, this company called Huamengda in Germany has been quietly doing its work.
After Samsung released its 1GB DRAM in March last year, Huamengda first successfully developed 64MSDRAM, and five months later developed 128MSDRAM. During this period, it also developed 32MRambusDRAM.
The most important thing is that in November 1997, under the leadership of Lviv and the participation of Fu Guotao, Huamengda also successfully developed 1GB DRAM.
However, Huamengda did not announce this news.
When the scientific research results were reported back to China, Huaguang Instruments immediately selected the main force specializing in building electronic product production lines to design and develop the assembly line for this memory.
After four months of non-stop operation, on March 10, two production lines with an annual output of 150,000 pieces each finally started operation.
On April 1st, Huaguang Electronics suddenly announced that its HG1GB DRAM, which has independent intellectual property rights, would be launched on the market at a shocking price of 28 million yuan.
The 128MSDRAM launched at the same time was also priced 10% cheaper than the current market price.
The reason why Sansheng has developed so rapidly in recent years is that it often uses counter-cyclical competition methods to suppress its competitors. Now a company has emerged using such methods.
In the past, Sansheng was able to achieve success through such means because it had the support of the Han government.
Now the Han government is almost relying on ordinary people to donate gold and silver jewelry to save the country, so how can it have the energy to take care of it?
There is cost-cutting but no revenue increase. If Sansheng wants to save itself, it has to rely on selling stocks to overcome the difficulties.
At this time, Wan Feng had no time to care about the three animals. There were people watching the market and he didn't need to worry about it.
Zhang Xuan's belly was bulging, and he paid much more attention to his wife's belly than to the other three animals.
Another thing is that Zhan Honggui’s gas station has officially opened.
The construction of the gas station only involves a three-story building, which is quite time-consuming. The other construction projects of the gas station do not waste much time.
Neither the oil storage tanks nor the refueling area are difficult projects.
The construction of oil storage areas and pipelines is nothing more than digging trenches underground, then building brick and stone walls on both sides, and finally installing oil tanks and laying pipelines.
The pipelines in the oil storage area, the refueling area, and the duty room where the refueling staff and security personnel live have all been built. The only thing left is the three-story building, which has not been completed.
But this is not the main point. Zhan Honggui and his family can find a place to live temporarily, and there is still time for them to move in after the renovation is completed.
The two oil storage tanks can store 60 tons of oil at a time.
After filling the two tanks with gasoline and diesel respectively, and the gas pump was debugged, the gas station, which also had the China Petroleum sign, officially began operations.
After Zhan Honggui returned last year, he started to process the transfer of his household registration. After the household registration was completed, he sold the wholesale department and house at home to his sister-in-law and her husband.
After finishing these things, I spent my last Spring Festival in Chengshan. After the Spring Festival, I hired two trucks to bring all the broken things in my house to Jiangwei.
Because the gas station building has not been completed yet, I temporarily rented a house in Liutun.
As soon as he arrived in Jiangwei, Wan Feng found Zhu Ping and asked him to settle the household registration issue.
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