In September 1981, Xinchuang Electronics and Philips incorporated Xinfei Technology Co., Ltd. was established in Hong Kong. Pen & Fun & Pavilion www.biquge.info

This newly established company, founded from a starting point that surpasses most enterprises, can be described as a wealthy son born with a golden spoon.

New Venture Electronics has injected more than 100 core patents related to CD players, while Philips has injected production technology and equipment valued at $50 million. The company was founded with a registered capital of $100 million.

At the same time, the two giants jointly guaranteed Xinfei Technology, so that its initial credit line in the bank was as high as 20 million US dollars. Even if its registered capital is a bit flooded, it is discounted. The company's valuation will not be less than $50 million at a minimum.

In 81, the company with a scale of 100 million US dollars is not only a behemoth in China, but also a large enterprise in Hong Kong.

However, after the incorporation of this large company, it only recruited commercial operations and R&D personnel, but did not plan to build its own factory, but at the suggestion of Lin Qi, Philips agreed to completely outsource production to Chinese OEMs.

That is, Aika Electronics and Xinai Electronics led by the two new entrepreneurial electronics of the royal foundry enterprises, these two foundry enterprises under the management of Rong Jian, formed a good complementarity. Ecocard is able to obtain financing from Hong Kong, as well as import overseas production equipment and raw materials. Xinai Electronics makes full use of domestic cheap land, population, resources, and price dividends, and a large number of orders are transferred to domestic factories for production, while the management method is in accordance with the capitalist reward and punishment (exploitation) system in Hong Kong, and the ex-factory price is often greatly reduced in the case of quality not lower than Hong Kong. The reduced cost naturally translates into an increase in gross profit margin!

Perhaps in a few more decades, this mode of production will be accused of being a sweatshop. But in the 80s, this was definitely not a sweatshop. The wages of employees in Xinai Electronics' domestic factories are only about one-third of those in Hong Kong. However, compared with the national average income, the per capita monthly salary of Xinai Electronics has reached 600 yuan, while the normal monthly salary in China is only 60 yuan, that is to say, Xinai Electronics is definitely a decent occupation that makes people envy and jealous in the current social environment, rather than a sweatshop.

Such a high income, coupled with strict quality management and pressure, naturally makes the foundry in Shenzhen burst out with great potential and efficiency.

Ke Cilei, the representative of Philips, came to Shenzhen during this time, and personally saw the technical drawings and samples of CD players and CD players handed over to Xinai Electronics Factory. In less than a week, Xinai Electronics Factory has trained hundreds of workers to form an assembly line that is not advanced, but can be put into production immediately.

"You ...... "It's hard to imagine that the production line is still in the Netherlands, and it is expected that it will not arrive in China until at least half a year later. However, this kind of worker does not seem to need an assembly line, relying on the familiarity with the mechanical structure and production experience, using a simple production method to assemble hundreds of parts into products.

"Because, the quality of these workers is quite high, at least not inferior to the average education level of European and American countries, because, China's education system, most of the courses are science and engineering, our country has a famous saying, 'learn mathematics, physics and chemistry, go all over the world is not afraid', so, some experienced workers, in fact, equivalent to European and American engineers. And they only need a monthly salary of more than $100, and they can be very satisfied. Rong Jian said.

"Even so...... I don't really understand that it is not enough to have skilled workers, laser storage technology, which requires some precision parts, is definitely not something that can be processed in such a simple factory. For example, laser heads, with my knowledge of your country's industrial level, I don't think there is a factory that can produce such a small and precise laser head!" said Ke Cilei.

Rong Jian said with a smile: "Just like the laser head parts, it is true that China cannot do industrial production, but ...... Due to the economic transformation, many military enterprises lack orders and find it difficult to support themselves. And the technological level of China's military industrial system exceeds that of the civilian system. Even if the military industrial system cannot be mass-produced, its small-batch supply can be done, although the production capacity is not very large, but the price is not necessarily more expensive than mass production. ”

Emphasizing that China's domestic suppliers are self-sufficient and supply all parts and components is completely a swollen face.

The real situation is that at present, the parts used by Xinai Electronics Factory to assemble CD record players are indeed provided by military enterprises, but they are by no means ordinary military enterprises, but military units that can develop directed energy laser weapons, as well as military research institutes that make rockets and satellites. However, these systems are not mass-produced units, so they can supply up to two to three thousand laser head assemblies per month.

The reason why it is necessary to slap a swollen face and become fat, implying that Philips can also produce CD laser heads in China is mainly because Philips is too dark.

LD, CD, VCD, DVD, no matter what D, the most important components, in addition to circuit boards and semiconductor chips, are more important servo motors and laser heads.

Among them, the precision laser head assembly is the top priority. Without the laser head assembly, there is no way to read the information on the disc. The small laser head is also invented by Philips, although the patent protection period is about to expire, but its processing accuracy has formed a huge threshold, and no more than 10 companies in the world can be mass-produced!

Therefore, don't look at Philips, which generously provided a series of complete sets of equipment, and established a CD record player factory as a joint venture with Xinchuang Electronics. However, these devices do not include the production line formed by the laser head. Therefore, the construction of the CD laser head must also be purchased from Philips.

Philips currently supplies laser heads to the joint venture Xinfei Electronics Company, with a price of up to $300, and the black can't be more black.

But there is no way, Philips gave this offer, which is already for the sake of everyone's joint venture, and gave a friendly price. In other words, if a Japanese company asks Philips to purchase, the supply price may reach more than 400 US dollars.

It is precisely for this reason that even if Xinfei Electronics Company monopolizes the CD record player market, as long as it cannot independently produce CD laser heads, then it will always work for companies like Philips that have mastered the production technology of core components!

Historically, in the 90s, China invented VCD, in which the laser head purchased, the VCD format decoding chip was purchased, and the servo motor was purchased. Even the VCD standard, in fact, is jointly formulated by major international manufacturers. It is precisely because from beginning to end it is assembled with other people's technology and other people's core parts, and you can't take the lifeline in your own hands, so you will naturally lose in the market competition. Assuming that Wanyan Company masters the core technology, even if it fails to make VCD and DVD brand machines, it can still rely on supplying core components to the entire industry and earn more profits than the whole machine.

It is precisely because I know that technically, we must not be controlled by others.

Therefore, Lin Qi gave Rong Jian a goal: "Give you five years! In five years, I want to see that every core component of the CD player is localized! A laser head, such a black-hearted price of a few hundred dollars, after five years, we categorically cannot accept it!"

"Brother, this needs money!" Rong Jian said, "I estimate that without an investment of one billion, it is impossible to complete the localization of parts." ”

"It's just more than a billion!" Lin Qi scoffed.

"More than 1000 million is it?" Rong Jian said with amusement, "It seems like you have 100 million?"

"Well, I don't really have a billion in cash right now. Lin Qi smiled and said, "But do you think it is difficult for me to earn a billion yuan?"

"Uh!" Rong Jian's expression froze, although Lin Qi was a little suspicious of bragging, he knew that one billion was really not difficult for Lin Qi.

Over the years, Yung Jian has also seen many wealthy people in Hong Kong, and even knew many national capitalists before liberation.

But when it comes to making money, Rong Jian only serves Lin Qi!

Making money behind Lin Qi, although Rong Jian's current net worth is not much, the cash flow of the enterprises under his hand is more than 100 million yuan every month, and the factories under his control and shareholding have more than 10,000 employees.

Rong Jian himself estimates that the minimum profit he can earn this year is not less than 70 million, and if he calculates more, he may earn hundreds of millions of yuan a year.

This kind of profit, although it is still a little bit lower than that of Li Ka-shing and Bao Yugang.

But it is already the same order of magnitude, those top businessmen and wealthy families in Hong Kong, and the wealth of the family has accumulated about billions of yuan. Earning hundreds of millions a year is already considered top-notch, and earning 1 billion a year is already the boss of the Chinese business community in Hong Kong.

Even HSBC, the most profitable bank in Hong Kong, earns less than $2 billion a year.

In Hong Kong in 1981, what was more profitable than HSBC was the Jianing Group that made false accounts!

Rong Jian only vaguely felt that there was a problem with Jianing Real Estate, the hottest stock in Hong Kong, but he could only realize the problem and did not know how serious the problem was.

Lin Qi knows very well that Jianing Group, which claims to be more profitable than HSBC, is essentially making fictitious profits through financial fraud.

In essence, after the collapse of the Hong Kong property market and stock market in 82, Jianing's 10 billion scam was exposed. Its various plausible and false stories, continuous fraud between affiliated enterprises, and fictitious and astonishing profits, made the market value of the listed company Jianing Real Estate once exceed 6 billion Hong Kong dollars. In fact, Jianing Group does not make money at all, but loses money, and all its cash flow is obtained by borrowing from banks and pledging out shares to obtain cash flow for acquisitions and transactions. At the beginning, maybe Jianing Real Estate didn't expect it to be so big, but then I saw that the market was too easy to deceive, and I couldn't stop it, and finally got the scam to 10 billion yuan. Caused hundreds of thousands of stock investors to suffer heavy losses, Jianing bankrupt stocks into waste paper, billions of debt creditors, it is completely impossible to get back their cash, Hong Kong in the 80s financial shocks were frequent, a series of banks and financial institutions went bankrupt, Jianing scam is also one of the catalysts.

Of course, the Jianing scam was also the most ruthless scam in Hong Kong in the 80s, which not only caused a depression in the stock market, but also made the real estate industry worse.

Originally, Lin Qi also thought about whether to invest in Jianing's stocks, but in the end, he ignored the whole process, also because he was afraid of being infected by Jianing's stigma, and the gains outweighed the losses.

With the amount of information Lin Qi has, it is easy to increase his wealth by a hundredfold, and there is no need to be stained with any stigma at all. You only need to be able to borrow money during the depression, and then, keep buying the bottom. By amplifying the multiple of wealth growth through leverage, it is easy to shear sheep.

For example, in 82 ~ 84 years, the Hong Kong government knelt down and begged real estate developers to buy land, but they couldn't even sell it at a lower price, because rich real estate developers had already borrowed more money at the peak of the real estate bubble in 81 years, including Hong Kong's largest real estate developer, Hongkong Land Company, which also became the "king of debts" with a debt of 15 billion yuan, a huge loss of billions and a lot of money. The major real estate developers are powerless and have no way or courage to buy land.

In 82~84, the land price fell to less than 5,000 yuan per square meter. In the future, the price of the land king in the Hong Kong land auction will reach 500,000 or 600,000 Hong Kong dollars per square meter!

Real estate developers who have not had the courage or ability to take land in recent years, if they know the price of Hong Kong land kings in the future, wouldn't they regret vomiting blood?