John had a simultaneous interpreter sitting next to him. Everything Lu Feng said had to be translated. Not many people in the audience were paying attention to Lu Feng's report. Senior managers like Wei Yandan, Zhu Lidong, and Liu Cheng were more concerned about this year's equity dividends, as they were very familiar with the company's situation.
Looking ahead to next year's corporate strategy and seeking new market growth points, besides John, only Zhuang Yuntian remains.
Zhuang Yuntian was more eager than anyone to know Jiafeng Electronics' R&D budget for next year.
"Currently, Jiafeng Electronics Group has two construction projects underway. The first phase of the Tianjin mega-plant project has been completed, and the second phase will begin next year. The headquarters building is also progressing steadily. The Tianjin plant will be operational next year, and the situation of insufficient production will be a thing of the past."
"At the same time, the new plant will produce a new generation of integrated circuit processors, mainly for new generation televisions, pagers, etc., and will also accept external orders, which will further enhance our profitability."
"This year's expansion in overseas markets has been steady and positive. Although there have been some ups and downs and difficulties, we can overcome them. The overseas market is a new frontier and a new blue ocean. Of course, the competition in the overseas market is also more intense. We have to compete with the world's most powerful companies. However, I believe that by differentiating ourselves in product positioning, we can definitely find a different path and find our own niche."
"Next, I'll briefly talk about the company's debt situation. Currently, the company's overall debt ratio has decreased, including bank loans, local loans, corporate loans, and other sources. The total debt is 3 billion RMB. Let me explain, this includes a lot of loans for local land, investment promotion, and operating loans for subsidiaries, etc. The debt-to-equity ratio is less than 30%, and the overall situation is very good."
Lu Feng did not repay the money he owed before. The decrease in the proportion was due to corporate financing and fixed asset investment, which led to an overall increase in assets.
"The relevant data tables are on your desks. You can take a look at them in detail. Next, I will talk about the overall situation of the group's subsidiaries. As of now, we have 17 branches, 36 subsidiaries, and 29 holding companies. All of them are laid out around the core industry, forming raw material, parts processing, and factory enterprises. The self-sufficiency rate of the industrial chain has reached 40%."
"Among the global supporting industries, our supporting industries are absolutely the most complete, and I also believe that only the most complete supporting industries can withstand the potential risks in the ever-changing business environment of the future."
.................
This is a comprehensive meeting to assess our capabilities. We need to explain everything about Jiafeng Electronics, including its assets, liabilities, subsidiaries, branches, supply chain self-sufficiency rate, proprietary assets, patent assets, industry position, and future development direction.
Previously, as the absolute controller of the company, Lu Feng only needed to know these things. Now, things are different; many things have completely changed.
Even if it is not a publicly listed company, it still needs to make an explanation to investors.
Lu Feng stood on the stage and spoke fluently for more than two hours, mostly without needing to look at his notes, only glancing down when mentioning specific figures.
When lunchtime arrived, everyone dispersed and went to the restaurant for lunch. Feng Zhiyao followed closely behind Lu Feng, wanting to come up and say a few words.
"Hurry up and eat. The afternoon meeting is quite tight, and we only have half an hour for lunch." Lu Feng could tell what he wanted to say, so he sat down and started eating.
The meeting resumed at 12:30. In the morning, the company's development was introduced, and in the afternoon, the company's development direction and budget for next year were discussed.
Lu Feng sat down, glanced at John not far away, stood up and walked over, whispering, "Regarding next year's R&D investment, how much will you support us in investing?"
John looked up at Lu Feng and asked, "How much do you think we should invest?"
“I think we should invest 1 billion!” Lu Feng said seriously.
"One billion?"
"I'm talking about US dollars!" Lu Feng said in a deep voice.
John's face changed when he heard the figure. A third of the money was thrown into the investment all at once. This was a bit too much. His first thought was that Lu Feng wanted to take this opportunity to transfer the company's money into his own.
"What's the reason?" John frowned slightly. "You didn't discuss this with me before we came."
"The reason is simple: we need a voice, a voice in the fields of integrated circuits and communications!" Lu Feng said solemnly.
“These two aspects cannot be accomplished overnight. What I need to see is a return, understand?” John said to Lu Feng. “I also have performance pressure. Don’t think this money is mine.”
“Of course I know, but for a company as large as Schroders Group, it’s no longer just about business considerations. The global competition in high-end manufacturing has already begun. We need to give Jiafeng some special missions. It’s true that we can’t reach the top of the industry in a short time, but our entry into this industry makes a completely different difference.” Lu Feng said in a low voice, “Europe needs it!”
Clearly, Lu Feng's concern about this matter has exceeded John's responsibilities. When investing in Jiafeng Electronics, this was indeed a consideration, but one billion was too much.
"I need to go back and report!"
"Okay, then we'll hold off on making a decision regarding the R&D company's funding at this meeting."
After Lu Feng finished speaking, he glanced at the stage and walked over. Zhuang Yuntian had already noticed Lu Feng whispering with John and wanted to know what they were saying, but he couldn't hear them and could only watch longingly.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
