Zhang Fengxia pushed open the office door and walked in excitedly, saying, "General Manager Li of Haochen Copper Industry has been arrested. All the people in the Copper Industry Association have withdrawn, and many companies in the local Chamber of Commerce have also withdrawn. It seems there's also some kind of business club."
"Understood!" Lu Feng said calmly.
“Copper raw material prices have plummeted. With the loss of control, small and medium-sized enterprises are offering prices like crazy. The general manager of Tianying Copper just called me and said that under such fierce competition, some copper companies will definitely go bankrupt. Should we acquire a few? He has already contacted several.”
"No, please!" Lu Feng suddenly raised his head and stared at Zhang Fengxia as if he had been electrocuted.
"This is a great opportunity to get in, especially since we also own Tianying Copper Industry and its supporting enterprises, which would make forming an industrial chain even better, wouldn't it?"
“No, we won’t make that money. Tell him to focus on his work. Tianying Copper Industry is perfectly capable now. After breaking the price monopoly, we’ll produce some ourselves and then buy some from the market.” Lu Feng looked at her and said, “Understand?”
“It’s free money right now. In the next month or two, copper will definitely compete with each other like televisions are now. Once it stabilizes, it will be a continuous stream of money!” Zhang Fengxia looked at him and felt a little strange. How did Lu Feng, who was obsessed with money, start to change?
“Some money just can’t be earned. You should read the local official newspaper more often, word by word, understand?” Lu Feng stood up and said, “When copper prices plummet, our profits will come. As a result, the prices of hard plastics, plugs, wires, and even displays will drop!”
Zhang Fengxia couldn't understand it, but Lu Feng must have his reasons for saying no.
The industry was in an uproar all day, and many copper company executives were trembling with fear. However, Huang Youwei could not arrest all of them after only arresting one General Manager Li.
With the price of high-strength alloy copper dropping, the price advantage of those companies disappeared instantly, and Jiafeng Electronics became the biggest beneficiary.
At 6 p.m., the lowest price for alloy copper was a full 8,000 yuan per ton. Then, the prices of a series of products, such as copper wire, copper paper, fuses, and fuse tubes, plummeted. The chain reaction was so great that it left people speechless.
In fact, Huang Youwei was quite worried about Lu Feng, fearing that he would be blinded by money and rush into the copper industry to try and make a quick buck. If Lu Feng dared to take the lead at this time, Huang Youwei would dare to take action against him.
Even after the meeting ended that evening, he didn't see Jiafeng Electronics make a move. Jiafeng Electronics was unusually well-behaved today, not making a sound at all.
"He's a smart guy after all!"
The following day, the local official newspaper published a headline: "Several issues and guiding opinions on deepening market reforms, promoting healthy competition among private enterprises, continuously attracting high-quality enterprises, and strengthening investment promotion."
The report was quite long and the content was rather obscure. Lu Feng ate his breakfast and slowly read it, while Zhang Fengxia next to him also flipped through it.
"Isn't this just a meeting?" Zhang Fengxia asked, puzzled.
"A meeting? Why hold it now, and it's about the private market? The second paragraph says it's about providing a good business environment for private enterprises, helping them improve their supporting facilities, forming local industrial chains, and achieving internal circulation."
"These kinds of things are said at every meeting; they've become a common occurrence."
"Copper prices have come down. Have the finance department calculate today whether we can make a profit at our current prices. It seems that display screen prices also dropped last night. Have the business department coordinate with them as soon as possible," Lu Feng said, putting down his newspaper.
"Go tell them at the morning meeting!"
Lu Feng knew that whether he could fill the hole in the next three months depended on the market. If he couldn't repay the 80 million on time, Jiafeng Electronics would go bankrupt.
He roughly calculated that it would burn through at most fifteen million, which was not a problem.
At the morning meeting, the finance department calculated the prices of various raw materials in the current market. After finishing the calculation, a smile appeared on their face. They looked up at Lu Feng and said, "President Lu, based on the current prices, we are actually making a profit."
"How much?" Lu Feng asked with a smile.
"The profit per unit is 301.4 yuan!"
Everyone present was shocked. This was after the price had been reduced by 200 yuan. One could only imagine how much profit those TV manufacturers made per unit before. No wonder they were all so rich.
"Finally, we're going to see a return on our investment!" Zhang Fengxia's eyes reddened with excitement.
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