"No, no, absolutely not!" Lu Feng hurriedly said, "It's already a lot, it's just that Jiafeng Electronics has developed too fast. What others have covered in ten years, Jiafeng Electronics has covered in two or three years."
“You said it yourself, there are very few people in Huaiyu, so let’s start dating. It’s normal for young people to fall in love. You’re busy with work, and she also wants to travel to the mainland, so you’ll have someone to take care of her!” Mr. Feng insisted on bringing the two of them together.
Seeing that things were not going well, Lu Feng had no choice but to lean close to Mr. Feng's ear and whisper, "No, I have several women on the mainland. If she sees them, my image will be completely ruined. That's why I got a divorce."
Lu Feng had already blocked the question, so Mr. Feng had no way to play matchmaker anymore. He could only smile and ask, "I heard that you've been getting quite close to Su Yourong lately?"
Lu Feng waved his hand and said in a low voice, "It's just politeness. I've really been ruined by her. Originally, it was said that she controlled Chen's Capital, but now it's called United Capital. Now that she's in charge, she's trying to give me some benefits. Good grief, she's turned her back on me as soon as she got here. Damn it, she even told me that she got to where she is today not because of me."
Mr. Feng squinted at Lu Feng with a half-smile and said, "That company is not one that an ordinary person can stir up. You don't understand some of the rules of the capital market. Just focus on your business. If you need money, just tell me. With me here, you can rest assured."
“I don’t trust anyone else now, but I trust you. When I was at my lowest point, all the financial companies in Hong Kong were laughing at me, but you still reached out to help me.” Lu Feng raised his glass and said, “Let’s have a drink, just the two of us.”
The two clinked glasses, took a sip, and the atmosphere wasn't particularly lively; it was more of a casual chat.
"I'm just curious, what are your thoughts on Jiafeng Electronics' development plan for next year? Why are you spending so much money?" Mr. Feng asked Lu Feng.
"The domestic home appliance market has reached a technological bottleneck. There are many manufacturers competing, and I don't think this situation will end in three to five years. Major technological breakthroughs are difficult. For example, the LCD and LED screens and integrated circuits that are being researched internationally are all at a bottleneck."
"Therefore, the development of the home appliance industry in the next few years will basically be a competition for offline channels. Jiafeng Electronics started planning and building at the end of 1990, and it has been three years now. From a technical point of view, once the new products are released next year, we will have caught up with the leading domestic companies."
"The competition in the next few years will be about brand building, sales channels, and minor adjustments at the technology level, such as improving resolution, enhancing signal strength, or creating channel previews. There won't be any major technological breakthroughs."
"I've always felt that if you want a company to make money in the short term, you just need to keep an eye on the trend and do whatever is popular. But if you want to develop in the long term, you have to make money in the future. Do what will be profitable ten years from now."
Mr. Feng nodded repeatedly and asked Lu Feng, "So what kind of path have you chosen?"
"Communication, we'll make pagers!" Lu Feng pondered for a moment and said, "This is what I'm thinking. Communication is a basic human need, and we'll always need it, just like air, water, and food. So next year's R&D investment will mainly be focused on this area. Of course, we'll still work in the home appliance sector."
What's the budget?
"Five hundred million!"
"Five hundred million?" Mr. Feng was shocked and stared at him with wide eyes, saying, "What research and development cost five hundred million? That's almost half the research and development budget for a rocket."
"The main reason is that we want to acquire a decent laboratory or R&D company internationally. It's too slow to do research on our own," Lu Feng explained to him.
"Oh, I see. So your budget for next year is almost over a billion. Where are you going to get so much money?"
“I talked to the bank and pledged some of my shares there in exchange for some cash flow. Once I have the money, I will repay the principal and interest and then redeem the shares.” Lu Feng explained to Mr. Feng, “Don’t worry, it will definitely be done according to the shareholding agreement we signed. The bank will not sell these shares.”
Mr. Feng frowned slightly and asked, "What if it gets sold?"
“The bank is based in Hong Kong. If you want to sell, you can buy it back. Besides, since you support me, I’m out of options. I’ll ask you for financing. There are definitely thresholds for the board of directors; not just anyone can get in,” Lu Feng advised.
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