Many people came over to greet me politely, some of whom were familiar faces. I also got to know the new general manager of the steel group.
"Please be seated, executives. The meeting will begin shortly!"
Everyone searched for their seats. Lu Feng sat in the sixth seat of the first row. The people in the row not only looked to be the same age, but also had a very regular pattern of baldness. Lu Feng stood out from the crowd.
As several leaders entered, applause broke out. A man in his fifties, wearing gold-rimmed glasses, sat in the middle.
The first part of the presentation covered the province's business operations, the results of attracting investment throughout the year, and the effects of state-owned enterprise reforms, lasting a full two hours.
Lu Feng was indeed not suited for this kind of meeting. He was getting drowsy listening to it. The bald guy next to him kept taking notes, occasionally looking up and nodding slightly, looking like he had suddenly realized something. Lu Feng really had no idea what he understood.
"Regarding private enterprises, mainly in the food industry, large enterprises like Jiaming Foods have emerged, which we did not expect. We should use bank loans to help the development of small and medium-sized enterprises, especially in the food and manufacturing industries. We should not only attract large enterprises to settle in, but also nurture enterprises to grow!"
"For high-quality local enterprises like Jiaming Foods, we should cherish them, accompany them as they grow, and closely integrate local resources with enterprises to present a good image to the whole country. Therefore, the Administration for Industry and Commerce has decided to award Jiaming Foods the titles of leading enterprise and high-quality enterprise in the province, hoping that it will continue its efforts."
Lu Feng led the applause upon hearing the result, which was a very good marketing opportunity for Jiaming Foods.
"Next, let's have Mr. Lu Feng, Chairman of Jiaming Foods, say a few words about his insights and views on the development of the food industry. Please give him a round of applause."
A round of applause broke out, then stopped abruptly. Lu Feng took the microphone and said, "Thank you, leaders. Without your care and support, Jiaming Foods wouldn't be where it is today. Thank you!"
"I haven't had much formal education and I'm not very good at speaking, so I hope you won't mind. I'd like to share some of my thoughts on the food industry with you."
"The food market is still very chaotic and the hygiene conditions are worrying. This year, we cooperated with the police across the country to crack down on 37 illegal workshops that imitated Jiaming Food. It was shocking. At the same time, most of the food products are still produced in small workshops, family-run businesses. A small workshop may have 20 or 30 people, all of whom are relatives. The production process is extremely irregular."
"Since these types of products are still the mainstream in the market, it is meaningless for Jiaming Foods to unilaterally raise production standards. I personally believe that there are still great opportunities for starting a food company. There is currently a huge gap in the market. The rise of assembly line production makes it easier to manage, the industry is more standardized, and it has the effect of eliminating small family workshops."
"At the same time, the food industry has low technical requirements and low barriers to entry, so the market competition pressure will be very high in the future. This competition is healthy competition. It will raise hygiene standards, lower food prices, and greatly stimulate product innovation. So I think it can be scaled up, but the ceiling is obvious and the profit margin will not be too high. Thank you!"
Another round of applause rang out. The people on stage nodded slightly, looking at Lu Feng with some admiration. At such a young age, his grasp of the industry was so good; he was indeed a talent.
“Mr. Lu explained it very simply: low profit margins mean low earnings and high competition. I heard that Mr. Lu bought a house in the south. It seems he’s planning to leave!” Jin Youquan stared at Lu Feng and said.
Lu Feng's heart skipped a beat when he heard this, and he said, "It's just that I bought a house on a whim. Compared to other industries, the food industry is relatively stable. People say that going into business can make money, but I've seen very few people make money, and quite a few drown."
Many people at the scene laughed. Nowadays, many general managers and directors of state-owned enterprises are going out to start their own businesses, and within two years they all clamor to come back. It can be considered a characteristic of the times.
"Alright, quiet down. Next, let's talk about state-owned enterprises..."
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