Chapter 367: Lack of Confidence
In the office of the chairman of the Southern Group, Jin Changxing stood in front of the window in a daze.
The house leak coincided with the rain for several days, and now the copper price is hovering around 60,000 yuan, and when it is high, it is only 62,000 yuan to 63,000 yuan, and when it is low, it has reached more than 54,000 yuan.
If there is no other burden, such a copper price can fully guarantee that the Southern Group's annual profits are better than before, and life is better than before. But the problem is that the cost of the newly bought mine is too high, and the losses caused by selling at the current mine price are getting bigger and bigger.
Originally, he thought that this new mine might be a golden doll, but he didn't expect that now this mine has become a huge burden, devouring the huge profits of the group every month.
And that's not all, the huge loan I borrowed from the bank when I bought this mine will incur a large amount of loan interest every month.
Today's previous three interest rate hikes have already made Jin Changxing a little unbearable, and when he arrived at the office this morning and heard the news of the fourth interest rate hike, Jin Changxing suddenly felt dizzy.
We all know that there are only two ways to increase profits for enterprises, one is to open source, and the other is to reduce expenditure.
Open source is Jin Changxing's most hopeful measure, but all these hopes are pinned on the rise in copper prices, if copper prices do not rise, everything is utopian.
Up to now, Jin Changxing has been dreaming of rising copper prices for more than a year, but the market has not given him a chance to realize this dream, and the highs of each wave of copper prices are getting lower and lower.
The high point of each wave of copper price rises, from more than 70,000 yuan at the beginning, close to 80,000 yuan, to just break through 70,000 yuan, and then close to 70,000 yuan, and now it is not easy to pass 60,000 yuan.
The rise in copper prices is the top priority of everything, as long as the price of copper rises to the position he wants, all problems are not a problem, including the loss of new mines, will be solved by the rapid rise in copper prices.
But now the copper price is in such an awkward position, but many problems that were not problems have become extremely headaches.
Let's talk about throttling, because the low price of copper has made the loss of new mines bigger and bigger. These losses are different from general operating expenses, which can be artificially adjusted, and you can save a lot of money by tightening your belt, but these losses are not something you can reduce if you want to.
Where profits can be generated, because of the sluggish copper price, profits are getting less and less than expected. It is also because of the low copper price, but more and more profits are being swallowed up.
The Southern Group is now like a huge reservoir, the water coming in from the inlet pipe is gradually decreasing, but the water coming out of the drain pipe is increasing, and this situation continues, and the water in this reservoir will run out sooner or later.
Although there are no complaints within the current Southern Group, Jin Changxing has already heard some rumors. Among these rumors, there are some very difficult words to say, describing themselves as a culprit and ruining the good future of the Southern Group.
When the management was in a meeting, he could also see some abnormalities on the faces of Xue Chenzhi, Huang Hongliang, Zheng Guorui and other executives.
Before the problems of the new mine were exposed, the executives under his command were all obedient to their words, and their eyes were all respectful and obedient.
But now, as time passes, the respect and obedience in the eyes of everyone gradually turn into doubt.
In the past, at the meeting, everywhere Jin Changxing's eyes looked, everyone met his gaze with a smile, for fear of missing the opportunity to attract his attention.
But now, things are slowly changing, and now everywhere he looks, everyone is avoiding his gaze, consciously or unconsciously.
When everyone looked at him, it slowly changed from the original orthopedia to squinting from the corner of the eye, and this observation was still secret, trying to avoid meeting his gaze. Sometimes Jin Changxing can even see a hint of disdain in these glances.
This made Jin Changxing, who had always been high, feel a trace of the coldness of the world, and he didn't expect that with his respect as the chairman, he would be so despised by his subordinates. Although he sometimes wanted to curse, he thought about it carefully and held back.
Especially for Xue Chenzhi, he no longer dared to play the prestige of his chairman at will. Because he knows that if he were to be himself, because of the mistakes of others, he would not be willing to devour his hard-earned profits every year.
Now Xue Chenzhi's smelter is the biggest source of profit to maintain the normal operation of the Southern Group, and if something happens to the smelter, the consequences will be unimaginable. Unconsciously, in the decision-making of some major events, Jin Changxing even looked at Xue Chenzhi's face a little, but he didn't realize it yet.
It turns out that he is struggling within the company, going wherever he wants, and he will not have any scruples at all.
But now, I don't know if it's because of his weakness or lack of confidence, he has intentionally or unintentionally reduced his contact with others, and if there is nothing particularly important that he needs to come forward, he will stay in the office all day. He came half an hour late when he went to work and left half an hour late, so he did it to stagger the most crowded time in the corridor.
That's it for today, depressed, he stayed in the office until everyone was almost gone, then locked the door and prepared to go downstairs to go home.
When he was walking in the quiet corridor, he heard Li Xin's call to Xia Xiaona. Although he didn't know who the person on the other end of the phone was, what Li Xin said aroused his great interest.
In fact, as early as two or three months ago, because of the continuous decline in copper prices and the continuous surge in the stock market, this scene of ice and fire reminded him of what Li Xin said to him at a management meeting a year ago because he opposed the purchase of new mines.
If Li Xin had suggested that the stock he was buying was another company than Western Copper, Jin Changxing might not have remembered this company at all.
But because the nature of the company Western Copper and the Southern Group is too similar, even after a long time, Jin Changxing still remembered this company.
With a very strange feeling, he especially wanted to see what kind of level the stock price of the company recommended by Li Xin would be under the dual reasons of this round of stock market rise and copper price decline.
When he saw the company's stock price trend over the past year on his computer screen, Jin Changxing's jaw dropped in surprise.
Even if he couldn't recall what Li Xin had told him at the time what the company's stock price was, Jin Changxing was clear about the timing of the purchase of the new mine when it was discussed at the meeting. According to this point in time, the stock price at that time should be the price at which Li Xin suggested that he buy.
When he paid attention to this stock two months ago, the price of this stock had risen nearly four or five times higher than when Li Xin suggested that he buy it.
Since then, in addition to paying attention to whether copper prices will continue to rise, he has also been paying attention to the trend of the stock price of Western Copper. So far, the stock price has risen nearly 9 times.
Because Li Xin opposed his own purchase of the mine, he was disqualified from participating in the decision-making meeting, which had a deterrent effect on other executives attending the meeting at that time, so Li Xin's suggestion to buy Western Copper shares was never mentioned again.
If it weren't for the situation, the anxious Jin Changxing wouldn't have remembered this matter himself.
Now that he suddenly realized that he had missed a feast, the loss in the mine and the huge profit he had missed, this in and out comparison, Jin Changxing couldn't help but secretly regret his intestines.
Who says you can't have it both ways?
If he had listened to Li Xin's suggestion and used the money from the mine to buy the shares of the Western Copper Industry, and now he had sold the shares of the Western Copper Industry and taken out a fraction of the profits made from the stocks, he would have been able to buy the mine at the current low price without having to go to the bank to borrow a penny.
If that were the case, there would be no significant interest on bank loans and a significant reduction in the cost per ton of mine, and the mine would still be profitable even if it was sold at the current price of the mine.
Alas, if you accidentally lose all the games, this is probably what you are talking about now.
Although I regret it very much in my heart, it is very disgraceful to say this matter after all, others don't mention it, and Jin Changxing himself doesn't want to mention a word.
But today is different, overhearing Li Xin's words in the corridor made Jin Changxing slow down.
He remembered that Li Xin not only suggested that the company buy the company's shares, but that he had already bought the company's shares before that.
What he said just now seemed to mean was that the shares of Western Copper that he held in his hands had not been sold yet, and if that was the case, he would have made nearly 10 times the profit!
Is this really true?
With such a question, Jin Changxing involuntarily walked into Li Xin's office, which he would hardly go into.
Li Xin finished talking to Xia Xiaona on the phone, and before he put down his mobile phone, Jin Changxing came in.
Li Xin was just about to open his mouth to ask Jin Changxing what was going on with him, but Jin Changxing spoke first with a smile: "Li Xin, why haven't you left yet, what are you busy with?"
Jin Changxing's skin and meat are not smiling, which makes Li Xin feel like a weasel giving a New Year's greeting to a chicken. This person was expressionless when he met Xue Chenzhi, Huang Hongliang, and Zheng Guorui, his right-hand men in the corridor, and he never took the initiative to say hello.
What's wrong with him today? Li Xin couldn't help but muttered in his heart.
"I'll talk to a friend on the phone, and I'll go. Li Xin couldn't figure out what Jin Changxing's idea was, but it didn't look like he was trying to let himself do things.