The domestic market situation is already very serious, and some news continues to be reported abroad. Jiao Enfan has been paying close attention to this matter.
He looked at the newspaper with a sinister smile. Things had come to this point, and Jiafeng Electronics was doomed. He still believed that the VCD industry had a very bright future.
"I never expected that I would have the opportunity to rise again in such a short time. I'll first prepare a business plan, and after securing investment and returning to China, the market will be in a state of complete reconstruction. I, Jiao Enfan, will rise again!!"
Jiao Enfan's face was full of hope. He always believed that his previous failures were due to bad luck. With his abilities, he would definitely sweep the competition if he made a comeback!
Mr. Li, Mr. Zheng, Mr. Hou, and others received invitations to attend a tea party tomorrow evening. The invitations stated that they would sit together to discuss the past and present and exchange ideas on future industry development trends.
However, everyone knows that this is a mediation measure by the municipal government, and Jiafeng Electronics really can't hold on any longer.
Mr. Zheng sat in his seat, gesturing excitedly and singing, "Today, the people are truly, truly happy..."
Seeing him so happy, like a child, the executives smiled too, thinking that the matter was settled and everything was over.
"Mr. Zheng, you are truly brilliant!" the executive flattered.
“President Zheng, I have a concern right now. What if Changhong refuses to lend us the money?” another executive asked worriedly.
"With such a lucrative opportunity, why would we need a pot?" General Manager Zheng cleared his throat and said, "You don't think I'm just relying on Li Quanliang alone, do you? We're all seasoned foxes, why are we playing these ghost stories? I've been talking to a few banks recently, and the deal isn't too far off. I don't want to acquire everything, I just need to control Jiafeng Electronics."
"I'm just curious, why is it the Suzhou municipal government that's taking the lead? Shouldn't Dongguan be the one in a hurry about this?"
"You don't understand, do you? I don't understand either. This is politics. There are countless twists and turns in it. When you think something is ridiculous, and you've thought of everything, but the leader still insists on doing it, then it means there are many inside stories you don't know. This kind of situation is the best solution," President Zheng said with a smile.
"I'm not suited to be an official!"
“Officials are all shrewd; only the less capable go into business. Otherwise, how could they possibly control you?” General Manager Zheng stood up, looking refreshed, and let out a long sigh. “I estimate that if this market continues to be suppressed, the two hundred million yuan debt of Jiafeng Electronics will mature in June, marking the beginning of the collapse of the empire. Book tickets to Suzhou!”
Entrepreneurs from all over the country flocked here. Lu Feng received the invitation, glanced at it, and simply said, "I know."
The new factory has reduced production, and Wepda's production has also declined. Compared with last year, it is in a state of semi-shutdown. The workers have begun to feel uneasy, and many rumors have started to circulate in the factory.
Zhang Fengxia knew that things couldn't go on like this, so she held a meeting and gave instructions, requiring the workers to keep busy, to conduct a thorough cleaning of the staff dormitory, to strengthen supervision of working hours, and to carry out training and hold the first skills competition of Weipuda!
Ordinary workers are easy to manage, but without a piece-rate wage, their income will definitely be reduced. Even if they leave, we can recruit more; there's really no shortage of people right now.
The problem is that there is also instability in the middle and lower management levels. Every day, the newspapers report that workers have gone to other factories, but they are still workers. However, once they leave this factory, they may not necessarily be junior managers.
While eating dinner, Lu Feng listened to Zhang Fengxia talk about things at the factory, nodding repeatedly. Feng Zhiyao, sitting beside him, also listened attentively, thinking that this was all management experience.
“Recently, quite a few reporters have been sneaking in to investigate and take photos. I don’t know what they’re up to. With things in such a sensitive situation, we’ve increased security.” Zhang Fengxia put down her chopsticks and said, “Let’s hurry over there.”
"How long has it been?" Lu Feng suddenly asked.
"What do you mean, how long has it been?" Feng Zhiyao asked, puzzled.
"How long have the first batch of pirated VCDs been on the market?" Lu Feng asked.
Feng Zhiyao thought for a moment and said, "We released it on March 10th, and it was fully launched on March 15th. It was available for two or three days, I remember. The batches were relatively small. Today is March 30th, two weeks ago."
"Wait two more days!" Lu Feng said, then ate his meal in silence.
The voltage in China is very unstable now. A tungsten filament light bulb might burn out in just a few days due to the unstable voltage. Adults in the family cherish electrical appliances very much.
When it rains or thunders, all plugs should be unplugged to prevent electrical appliances from burning out.
In fact, some pirated products have experienced motherboard burnouts on the first day of their release, although it did not occur on a large scale. According to Liu Cheng's calculations, the temperature that those circuit lines can withstand is not high. If they run continuously for more than three hours and are used continuously for half a month, there is a 90% probability that they will burn out.
Those products are nearing their critical point.
“People are quite restless lately. You should also make it clear to your subordinates that Jiafeng Electronics’ financial situation is very healthy and the current state is only temporary. Anyone who wants to leave can leave. We only have people who are desperate to come here, and I’ve never heard of anyone who is desperate to leave.”
"As long as there isn't a large-scale loss of middle and lower-level management, it doesn't really matter," Lu Feng instructed Zhang Fengxia directly.
"I know, they've said that these past few days. It mainly depends on production. This month, workers' wages have basically been halved." Zhang Fengxia said with some worry, "When will the televisions be back up?"
“This isn’t something to rush. If sales continue to decline, we’ll lay off staff and cut costs. Televisions are a long-term business. If the domestic market isn’t working, we need to find a way to penetrate overseas markets.” Lu Feng said while eating, “Our products aren’t competitive enough in China, but in some less industrialized countries, they’re a rare commodity.”
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