Lu Feng was surprised that people were already creating market and corporate data reports from a national perspective, and couldn't help but ask, "Who asked you to create this reference?"
"This was instructed by General Manager Zhu. He said this data is very instructive for the market!"
"Okay, continue!"
"Last year, the GDP growth rate was 3.84 percent, and the per capita income was 168 yuan. Among them, the per capita income in first-tier cities was 432 yuan, and the gap was very large. Also, the number of televisions has increased from 3.75 per 100 households in the late 1980s to 12.63 per 100 households at the end of last year."
"In just two years, GDP has more than tripled. According to the latest data from the National Bureau of Statistics, the GDP growth rate in the first quarter of this year has already exceeded that of the first half of last year. Banks have become active again and have begun to increase their investment and lending. The reason why GDP was compressed so much last year was because of the contraction of funds."
"This report says that investment projects across the country are chaotic, breeding corrupt officials, and there are countless people trying to obtain loans and exploit loopholes. The sudden contraction is because some guy is running around to every province in the country, exploiting loopholes everywhere..."
"Cough cough cough!" Lu Feng coughed.
Zhang Fengxia gave him a half-smile and said, "Let's skip this part and get to the point!"
"The massive bank lending in the past few years has led to severe inflation. Wages have doubled in the last two years, but prices have also risen sharply. According to reports, a large amount of loans will be issued to enterprises in the next few years to stimulate employment and the economy. Many economists say that this money will benefit the home appliance industry."
"Especially for color TVs, refrigerators, air conditioners, and electric fans, refrigerators and air conditioners have higher growth rates in big cities, while color TVs have higher growth rates in small cities, towns, and rural areas."
"This year's forecast suggests that the overall television market could reach a staggering 15 million units, and we expect to capture one-fifteenth of that market this year. Currently, the dominant player in the market is Changhong, which holds a 32.97% market share nationwide. That means that one out of every three televisions sold is a Changhong."
"These reports show that the overall environment is improving, and the color TV market will see a boom this year. Our popularity in the market is mainly due to our low prices. Price competition in the terminal market is particularly fierce now, and the entire market is constantly expanding. Wages are rising, and TV prices are falling."
"This year's GDP forecast will not be lower than 7%. Based on this growth rate, people will have more and more money in their pockets, and televisions will sell better and better. Mr. Lu, this is a rough report we have prepared!"
Lu Feng sat there and gave a signal with his eyes. He had been listening to those data and had recalled a lot of things. If he remembered correctly, the GDP growth rate in 1991 was 9.2 percent, and throughout the 1990s, it never fell below 7 percent. The television market was not 15 million units, but more than 20 million units.
He remembers one statistic particularly clearly: in 1992, the domestic color TV market alone exceeded 20 million units, and major manufacturers started a price war. Changhong stood out and remained the industry leader until the early 2000s.
"One-fifteenth?" Lu Feng glanced at everyone present and said, "I did say that I had a goal of selling one million units a year. For an electronics company that is not a state-owned enterprise, such a result is indeed very good. The key is to have ambition. Let's set the goal for this year at one and a half million. What do you think?"
Sparse applause broke out at the scene, and Lu Feng could tell that the people in the marketing department were not very happy.
"If we reach the target of one million units, the year-end bonus will remain the same; if we reach the target of one and a half million units, the year-end bonus will be doubled!" Lu Feng said.
Upon hearing this, several vice presidents in the marketing department clapped their hands excitedly. It wasn't that the task couldn't be completed, but rather that the pay wasn't enough.
After the morning meeting ended around 8 a.m., Lu Feng went straight to the cafeteria for lunch. Zhang Fengxia brought him a bowl of noodles and sat down next to him, saying, "It's clear you have a lot of confidence in the industry!"
"It's not that I have confidence in the industry, but I have confidence in the country. The domestic environment will get better and better, the economy will take off, industry will upgrade, and domestic consumption will also upgrade," Lu Feng said while drinking his porridge.
“A large market is certainly good, but the competition is also fierce. There are not only state-owned enterprises, but also foreign companies. If we can’t make a profit, we will really be dragged down!” Zhang Fengxia said nervously.
"Borrow if you can, and if you can't borrow, then seek financing. Heaven won't let a blind sparrow starve; this isn't something you should be worrying about," Lu Feng said, eating silently.
"If you can't get funding, you resort to scamming?"
Lu Feng rolled his eyes at her and ignored her!
There was a knock on the door, and Zhang Fengxia said, "Come in."
A waiter walked in, looked at Zhang Fengxia with some fear, and said timidly, "Someone is looking for you."
Who is it?
Secretary Cui walked in, smiled at Zhang Fengxia, and said, "President Zhang looks even more beautiful. Is President Lu having dinner?"
Lu Feng glanced at him, stunned, and said, "Secretary Cui? What a rare guest! What brings you here?"
"I've come to pick you up to go to the office for breakfast. Looks like I'm a bit late. You look like you're almost full," Secretary Cui said with a smile.
"Sit down and have something to eat with us," Lu Feng said politely.
Secretary Cui didn't stand on ceremony. She sat down, picked up a pair of chopsticks, and ordered the waiter, "Give me a bowl of knife-cut noodles, a tea egg, a side dish, and if there are any cold meat dishes, please bring one."
Lu Feng finished eating, wiped his mouth, looked at the various plates in front of him, and said, "They're just different from us businessmen, they even make such a show of eating noodles!"
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