The next day, news of Sun Yuanqing's transfer to the fertilizer plant spread rapidly throughout the local area, causing a great uproar. It was now basically confirmed that he had been defrauded of 80 million yuan.
Li Quanliang's arrival was not just a physical presence, but also brought with him 19 million yuan in funding, filling the large conference room to capacity.
Li Quanliang picked up the teacup on the table, took a sip, coughed twice, and said, "I already know about this matter, and I understand the situation the factory is facing. I'm here to put out the fire. This meeting has only one point: to join this competition."
At noon, Changhong announced another price reduction of 150 yuan!
The fierce competition among domestic TV manufacturers has left even foreign brands dumbfounded, let alone laymen. This intense competition has also led to a decline in sales for brands like Samsung, Sony, and Sharp.
Within nine days, almost all brands had entered the fray. With terminal marketing, advertising, and price reductions fully underway, the other brands, being established brands with a good reputation among consumers, were ultimately left behind.
Once it lost its absolute price advantage, Wepuda's edge began to fade, and its daily sales plummeted from over 10,000 units to less than 8,000 units overnight.
Some media outlets, eager to stir up trouble and see Jiafeng Electronics make a spectacle of itself, began to get restless again.
Zhu Lidong had just flown back from Shandong. In his office, Lu Feng was looking through various data when he asked, "How much money did Changhong's new CEO bring with him?"
"They said it was 50 million, but I don't think that's possible. I made some inquiries privately, and it's around 20 million, which made up for the previous deficit," Zhu Lidong said.
"Our sales have already started to decline," Zhang Fengxia said with some worry. "We can't even sell them at a loss!"
"Don't worry, things will get better." Lu Feng picked up a folder from the side, which contained some information about Li Quanliang.
He has managed many state-owned enterprises, but few have achieved significant results. He is known for his cautious approach, and it is estimated that his temporary replacement was intended to stabilize the situation.
"Let's observe for two more days!"
The decline in Wepda's sales is a fatal blow to Jiafeng Electronics. Everyone knows that Jiafeng Electronics is now relying entirely on Wepda to save its life.
Only if Weipuda surpasses Changhong and takes the top spot among domestic brands can it possibly become profitable; otherwise, it will be doomed.
Given the current situation, many people feel that Lu Feng's power is waning. The first to die was En Fan, and the second was Jiafeng Electronics. With two geniuses falling one after another, many good-for-nothing rich kids secretly clapped their hands in delight.
For three days, Wepuda's sales continued to decline, partly due to insufficient supply and shortages in some areas that could not be replenished in time, and partly due to the efforts of other brands.
The number of units dropped from over 10,000 to just over 4,000, a drop many media outlets described as a precipitous decline!
Major companies are celebrating a temporary victory, and the news that Jiafeng Electronics is seeking cooperation with Panda to increase production has almost become a joke.
At an internal meeting at Changhong, Li Quanliang looked at the short-term results before him, a broad smile on his face, and said to everyone, "Look, this is Jiafeng Electronics, which you couldn't handle. What's so difficult about it? It's just a paper tiger. A mere kid has turned your industry upside down?"
No one spoke, because the results were undeniable. Many people present knew that this matter was far from over. Li Quanliang's arrival and the funds he brought injected a strong boost into Changhong, relying on the brand effect he had previously established.
"That's all for today. Give me Chairman Jiafeng's phone number." Li Quanliang stood up, his face full of smugness, and said, "I'll chat with this kid and teach him a thing or two about business."
Li Quanliang returned to his office and called Lu Feng.
"Who is this?" Lu Feng answered the phone.
"Is this the chairman of Jiafeng Electronics?" The voice on the other end of the phone carried a hint of disdain.
"I am, and who are you?"
"I'm Li Quanliang. You must have heard of me by now, right?" the person on the other end of the phone said smugly.
Lu Feng was also a little confused when he heard this tone. If he remembered correctly, this General Manager Li was almost fifty years old and had worked in a state-owned enterprise for many years. Why was he talking like a child who had just received praise in kindergarten?
After a moment's thought, he realized that this General Manager Li had spent his entire career working in some peripheral state-owned enterprises. This time, he was transferred to Changhong, which was a lateral move, but everyone knew how important Changhong was.
Furthermore, by immediately overshadowing Lu Feng, this outstanding achievement made the nearly fifty-year-old man feel lightheaded for the first time, realizing that despite his abilities, he had been suppressed for almost thirty years.
"Uh...it's more than just famous, I admire him to the skies." Lu Feng took the opportunity to flatter him.
Upon hearing this, Li Quanliang on the other end of the phone became even more smug. Over the years, he had heard far too many people praising Sun Yuanqing. Even when he went to meetings, the boss of such a large company would not even glance at him.
However, the people he couldn't handle now worship him immensely, and he felt comfortable from head to toe!
"Little Lu, I've always heard you're very arrogant, why aren't you arrogant today?"
"No, no, I was so arrogant before because there were no capable people in this industry. Let me tell you, even if I gave you a hundred million, you still wouldn't be my match!"
"Yes, yes, I'm out of ideas now. Sales are plummeting. Can you think of something?" Lu Feng asked.
"I think you're alright. If you really have nowhere to go, you can come find me. Remember this number." After boasting for a few moments, the other person hung up.
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