Chu Yu also felt that producing home appliances was a good decision.
The market for domestically produced home appliances is still huge. Doing only retail will only earn you a small amount of money. Only by producing home appliances yourself can you make a stable business.
Over the years, Donglin Electric has accumulated a lot of resources and idle funds. Last year, Dai Donglin took the initiative to require suppliers to extend the payment period. In other words, if you want to sell electrical appliances to Donglin Electric, you must delay the time for receiving payment.
Donglin Electric receives cash for every appliance it sells, but delays payment to suppliers for several months. As a result, Donglin Electric always has sufficient working capital in its accounts.
With so much money, Dai Donglin only did two things: acquire competitors.
In recent years, many home appliance companies have grown and expanded. Donglin Electric dumped its products at low prices, quickly bankrupting smaller companies in the same industry. Then it concentrated its efforts on acquiring larger companies in the same industry. Sometimes there are several home appliance stores on a street, each with a different promotional model. Customers will always choose one to go into.
In fact, the owners of these appliance stores are all the same person, and that's exactly the effect Dai Donglin wanted.
The second is real estate development. Chu Yu's Hua Chu Future is growing rapidly, and even with the investment from Xin Yi City, there's no reason why real estate developers would have enough money.
Dai Donglin plans to invest all of this money in Huachu Future, using Donglin Electric Appliances as the investment entity.
In this way, Donglin Electric can use its partners' money to develop real estate, earn several times the profit, and then settle accounts with its partners.
Chu Yu can also earn more money.
How could Chu Yu possibly disagree?
Her business expanded rapidly. The funds of Xinyi City, Dai Donglin, Mi Fei, and Qin Weidong were all in her hands. Her wealth snowballed, growing larger and larger.
When Chu Yu did the accounting in the middle of the year, she was shocked by the amount of money in the books.
With more money comes greater responsibility. Fortunately, Chu Yu has lived two lives and knows the future development trend, so she won't swindle the money. However, having more money also brings more troubles, as everyone has high hopes for her.
Chu Yu could only say one thing: Being a person is really hard!
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