Back on stage, Lu Feng continued, "The main agenda for this afternoon includes the budgets and goals for each department for the new year, as well as the direction for market expansion next year."
"This year, we established an electronics mall, which will be an important terminal retail method for Jiafeng in the future. Based on the experience learned from developed countries, whoever becomes the leader in the electronics mall industry will have the initiative in terminal sales. Therefore, we plan to invest no less than 2 billion RMB in the next ten years to actively promote the implementation of electronics malls. Currently, we are only conducting pilot projects in first-tier cities."
Lu Feng stood on the stage and gave a long speech to the electronics store. He needed to find a direction for this shareholder, a vision that allowed him to imagine Jiafeng Electronics continuing its rapid development.
The reason for setting a ten-year long-term goal is that if the time frame is too long, I won't have time to implement it, and people will question the speed of my investment.
The section on the electronics mall lasted a full half hour, showcasing its future prospects from various aspects such as the target audience, one-stop shopping, suppression of competitors, and brand promotion.
Even Zhuang Yuntian, who was not very knowledgeable, was quite excited and kept taking notes.
"Compared to electronics malls, we must pay more attention to overseas markets. Because electronics malls are asset-heavy and require a lot of upfront investment, we need to proceed steadily. Overseas investment will see a major surge next year. As we all know, due to some well-known reasons, we don't have many options in overseas markets, especially next year, which is expected to be even better."
"The world is vast, and no one can turn the world against us with a single sentence. In order to avoid significant losses, I believe that in addition to neighboring countries, we should actively explore the European market. The European market has many developed countries and extremely strong consumer spending power, making it our best choice."
"Next year, I will personally lead the team to focus on conquering the European market. I can guarantee to the shareholders that we can achieve a net profit of over one billion RMB in the European market next year!"
The audience erupted in uproar upon hearing this. Zhu Lidong looked up and stared wide-eyed at the stage. Had he gone mad?
Jiafeng Electronics has practically nothing in the European market right now, yet Lu Feng is already boasting about a net profit of 1 billion yuan? That's hard to believe.
However, Wei Yandan, Liu Cheng, Zhu Lidong, and others who knew Lu Feng well knew that he was not a boastful person, so there was only one possibility left: the Europeans were going to suffer!
"Of course I know that people might not believe me if I say this, but I do have some ability in marketing and sales. Although Zhu Lidong is in charge of the marketing department now, I think it's not difficult for me to make a profit of 1 billion RMB in one of the many developed countries. When it comes to this difficult time and I need to step up, I will definitely do my duty without hesitation."
John watched as Lu Feng on stage led the applause. If he could do it, a billion dollars in R&D funding wouldn't be a problem. Such a person would definitely be the most desirable professional manager for any investor.
The audience burst into applause. Lu Feng raised his hand to suppress the applause and continued, "Next is the budget for each department. There will be a list for you to take a look at. Last year, there was a lot of construction in the factory area, so the budget was relatively large. This year, it is relatively smaller. The main increase is in the budget of the marketing department, and the increase is more in the budget of the overseas business department."
After everyone raised their hands to indicate approval, Zhu Lidong, beaming with joy, turned to Liu Cheng beside him and said, "We've got an extra 100 million. We still need to talk to President Lu. This year has been good; it's doubled!"
Liu Cheng was stunned. Lu Feng moved on to the next item, the nomination of senior management. He had just written down the budgets for each department, but not for the R&D company.
Wasn't it supposed to be six or seven hundred million US dollars?
"Why didn't they mention us?" Liu Cheng asked anxiously.
Zhu Lidong stood to the side, beaming with smugness, looking just like a child, and whispered, "It's over, President Lu doesn't want you anymore, we're out of money."
"You'll be poor, but I won't be!" Liu Cheng said irritably. "Look at your pathetic self, only 100 million, and that's in RMB."
“I doubled my money, and you didn’t get a single penny.” Zhu Lidong chuckled and said, “Treat President Lu to dinner, or I’ll make things difficult for you. Let me tell you, I took Lu Feng to a sauna the day before yesterday and found more than a dozen girls.”
Continue read on readnovelmtl.com
