The entire group was in harmony. Wei Yandan even had the administration department organize a welcome party to greet President Lu at the airport. Wei Yandan, Zhu Lidong, Du Guoying, and a group of others all went.
Even the most worried finance manager was all smiles today. The investment from Schroders Group hadn't arrived yet, but news had come from Sun Hung Kai that they would transfer 300 million yuan within the week.
This has alleviated the financial predicament. The finance department calculated that with the arrival of the $500 million from Schroders Investment Group, even if other departments squander money this year, they will not be short of funds.
The entire finance department got excited. For such a large group company, the most important source of money is not from product sales, but from the CEO raising funds everywhere.
This is quite unique in the industry.
As Lu Feng walked out of the VIP passage, a banner had already been put up outside, which read "Warmly welcome Mr. Lu Feng, Chairman of Jiafeng Electronics Group, back to China."
"Wow, it's so lively here!" Lu Feng was somewhat surprised to see the crowd.
"Quickly present flowers to President Lu!" Wei Yandan exclaimed excitedly.
Several bouquets of flowers were placed in Lu Feng's hands, and Wei Yandan, Zhu Lidong, Du Guoying, Liu Cheng and others stepped forward to take a group photo to record this important moment.
Liu Cheng stood to the side, extremely excited, his eyes constantly scanning Lu Feng's face, practically screaming "Give me the money!"
"Alright, alright, we've taken an important step. It wasn't easy, but we've pulled through. The darkest time is over, and now it's time to welcome the light," Lu Feng said to everyone.
Everyone present had a touch of emotion on their faces, and Wei Yandan's eyes even reddened.
"Alright, this isn't the place we agreed on. Let's go back to the company."
Five vans were already waiting outside. After getting in, Lu Feng glanced at everyone, his gaze settling on Liu Cheng's face, and asked, "How is the Ruixin Laboratory going?"
"It's officially started. By the end of this year, we should have some results in digital communications. If things go smoothly, we'll have our own mobile communication digital information technology next year, and launching a mobile phone shouldn't be a problem." Liu Cheng said with an uncontrollable smile, "We have achieved good results in many of our cooperative laboratories around the world. We've made breakthroughs in at least the key areas of design, motherboards, materials, displays, information decryption, information compilation, and digital transmission. We're generous, and those foreigners will say whatever they want."
"Hahahaha!" Lu Feng laughed smugly, "It's fucking good to be rich."
"That's fucking great!" Liu Cheng exclaimed happily.
Zhu Lidong sat in the back with a somewhat bitter smile.
"Mobile phones will be our key business next year. I want to see the project launched next year and officially put on the market in 1996," Lu Feng set a timeline for them.
Since we're heading in this direction, things like the Little Smart (小理通) should just be relegated to the dustbin of history.
Jiafeng R&D Company has caught up with the top domestic manufacturers in all aspects of television technology and is approaching the level of major manufacturers such as Panasonic and Sony. In the market, its market share has reached 85% of Changhong's, officially entering an era of two-way competition.
Other businesses have not been neglected either. Now, the biggest competition among major companies is for top students. Large companies are following Jiafeng Electronics' example and establishing talent supply channels with major universities, and the salaries of top students are starting to rise.
The VCD industry is also making great strides, especially Sony, which has mastered VCD technology and is racing towards DVD. Jiafeng R&D Company, based on VCD, has mastered CD and LD technologies and made new breakthroughs in sound tape, picture quality and storage technology.
And they are also seeking breakthroughs on DVD.
All along the way, Liu Cheng was the one talking. So much money was poured in, and in return, the number of full-time engineers and external engineers in the R&D company exceeded 2,000, with 47 project teams, each with its own research direction. As for how many of these project teams were just doing pointless research and wasting funding, that was anyone's guess.
Even if you know it's a waste of money, you still have to keep going.
The car stopped in front of the group's building. Lu Feng got out and asked Wei Yandan, "How's production going?"
“Both large factories are currently operating at full capacity. However, the initial construction of the Tianjin factory has been completed, and all equipment is expected to be installed by November. Recruitment is already underway, and production will begin at the beginning of next year,” Wei Yandan replied.
"This matter is extremely important. As we expand into overseas markets, product production must keep up. However, we have too many employees. Last time I took a look, I saw that this batch of German production lines has already achieved semi-automatic production?" Lu Feng asked.
"Yes, the new factory will only need 20,000 people to achieve the production capacity of the current 100,000 people, greatly improving efficiency, but the price will be a bit higher."
Lu Feng knew that Jiafeng Electronics now had the most employees in the group's history. As the production line became fully automated, the number of employees would decrease, and these migrant workers would be driven from large enterprises to small workshops. With the reform of state-owned enterprises becoming increasingly urgent, mass layoffs would repeat themselves.
It wasn't until small workshops appeared in large numbers in the southern coastal cities that this group of people was completely swallowed up!
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