Du Guoying's mouth was like a machine gun as he analyzed the market for Lu Feng, speaking with great eloquence.
"That's great. The investigation into the market, products, and consumers is very detailed," Lu Feng nodded in praise.
"Thank you for the compliment, Mr. Lu. It's just part of my job." As the elevator doors opened, Du Guoying quickly continued, "I believe that domestic mobile phones have a price advantage over brands like Nokia, Motorola, and Sony. The future is destined to be the future of mobile phones. I heard from a rumor that our mobile phones will be launched next year. I guarantee you, they will absolutely dominate the market and make them unable to raise their heads." Du Guoying spoke with absolute certainty.
Lu Feng suddenly stopped in his tracks, stared at him for a few seconds, and said, "How did the mobile phone business end up being yours while we were chatting?"
"We're in charge of communications, pagers, mobile phones—isn't that a natural thing to do?"
"There's another question. Where did you hear that our mobile phone business is going public next year?" Lu Feng stared at him and asked, "Who told you that?"
Du Guoying looked embarrassed, grinned at Lu Feng, and said, "It's just a rumor."
“How much of a secret is it? If you don’t tell me, I’ll punish everyone in charge who knows about this at the board meeting, since it involves commercial leaks,” Lu Feng said in a deep voice.
"No, no, no, Mr. Lu, I just heard it from Mr. Liu. He didn't say anything, just some drunken nonsense," Du Guoying hurriedly said.
"President Lu, what brings you here?" Wei Yandan walked over hurriedly and asked.
"There's no need for all that pomp and circumstance. Isn't Zhu Lidong here?" Lu Feng asked.
"He's in a meeting out of town, let's go to his office first."
The company still has Lu Feng's office, but the sign on the door has been changed to "Honorary Director". Lu Feng went into the office, sat on the sofa, and asked, "How is the renovation of the factory in Tianjin going?"
"The rectification has been completed, and all those people have been sentenced, with prison terms ranging from life imprisonment to five years. The factory is now in operation. This year's market growth rate is relatively high, with the home appliance sector showing the highest growth rate. These past two years have seen a wedding boom, with both the domestic and overseas markets benefiting. Fortunately, the new factory is now in operation; otherwise, we would have been in dire straits."
Wei Yandan sat down and said, "The products are selling well, but the profit growth is only so-so. Although the competition in the home appliance market is not as fierce now, we still have to do promotions. In addition, the unit price of small home appliances, pagers, and VCDs has dropped. This year, the price of VCDs has dropped significantly due to the rampant piracy. If we only consider the profit of the first half of the year, it is about 1.3 billion yuan."
"We should be able to achieve the group's target of 1.5 billion in the second half of the year. Everyone, let's work hard and we can make 3 billion for the whole year. It will be reflected in the year-end board financial statements. If we don't add your US dollars in overseas markets, we will still be in a loss-making state."
"What's the progress of the headquarters building construction?" Lu Feng inquired.
“I attended the topping-out ceremony last month. The exterior walls and interior decoration are complete, and we expect to move in around this time next year. We can move in in the second half of next year.” Wei Yandan said to Lu Feng, “We have already achieved a first-class position in the domestic home appliance market. We have discussed and decided that opening up new markets in the next few years is a very crucial step.”
"Is this what Zhu Lidong thinks? What does he want to do? Sell mobile phones?" Lu Feng looked at Du Guoying.
“During the last meeting, General Manager Zhu believed that it wasn’t just about mobile phones, but the entire electronics industry. We felt that the electronics industry in the areas of office and entertainment would experience a major boom, and he wanted the company to get into computers,” Wei Yandan said.
“Sure, let’s dig up the roots of the old employer. We’ll discuss this later. I have something to say: starting today, all core management personnel of Jiafeng Group are prohibited from going abroad. We can let the lower-level staff travel overseas more, like the vice presidents, let them travel more.” Lu Feng instructed.
At 4 PM, Jiafeng R&D Company officially announced that it has achieved breakthroughs in three core technologies in the chip industry: wafer fabrication, etching, and coating. It will apply for global patents and believes that in the near future, its own core technologies will exceed 50%. Currently, the technology can be applied to the production of 8-inch chips, making it a first-class technology and leading the country.
Following reports in evening newspapers and on television news, the domestic semiconductor industry was in an uproar!
Continue read on readnovelmtl.com
