Li Fanyu's expansion is not unreasonable, his mood has indeed been exceptionally comfortable in the past few days.

The collapse of Tuhai Group represents not only the disappearance of an enterprise, but also the chain reaction caused by it, which is quite huge.

First of all, as the main executor of the photovoltaic plan, Tuhai's bankruptcy and reorganization this time represents the official collapse of the photovoltaic plan that has plagued Li Fanyu for a long time. Something that flew in front of him like a mosquito disappeared completely.

In addition, without Tuhai, a partner with strong construction capabilities, the remaining two PV plans have also fallen into considerable passivity.

This may not be accurate, because even if Tuhai Group does not fall, Panasonic is now in prison, and it looks like it is about to return to the West!

Tuhai Group has invested a lot in the previous pile base station project and the recent photovoltaic plan, and as a partner, Panasonic has invested a lot in these two projects!

The previous battery base in Tongzhou made Panasonic's more than 500 million yuan in water. For this company, which has just come out of the crisis, 5 billion yuan is already a big loss.

Although later through the strategic cooperation with Toyota, technology sharing in the field of electric vehicles, Panasonic's battery sector became the focus of the capital market, with this, Panasonic's stock price soared from the brink of delisting.

But this "recovery period" of Panasonic is still too short after all.

In order to achieve the smooth implementation of the photovoltaic plan, Panasonic has invested more than 7 billion yuan in the Chinese market to establish supporting production units related to the photovoltaic plan. There are several investments before and after, and there are not a few.

Such an investment hurts a lot for Panasonic, which has a big shelf and little meat!

But at the beginning, Panasonic's attention was focused on the photovoltaic plan to make the stock market rise like chicken blood, and selectively ignored some crises that could break out.

It is said that people's character determines fate, but in fact, the way enterprises operate, cause and effect are just as obvious.

Now, the PV plan has been put on hold, and Panasonic's largest partner in China, Tuhai Group, has collapsed, coupled with the previous continuous stock market financing, pulling out the high risk.

The evil consequences of Panasonic finally broke out after Tuhai announced that he would file for bankruptcy protection!

Panasonic's stock price, which has fallen, has started a rapid decline mode.

For a week in a row, the Panasonic stock price refreshed the lowest in ten consecutive weeks. Almost every day, the stock price trend is plummeting in the trend of a cliff.

What does the share price mean for a listed company?

Stock price, in fact, to put it bluntly, is the vane of the attitude and confidence of the stakeholders of an enterprise towards the enterprise!

Who are the stakeholders?

Shareholders, managers, employees of the enterprise. Creditors of governments, banks and corporations. Suppliers, customers and sub-customers, advertisers, trade unions, media, public interest groups such as shareholders!

This explains why some companies go public even if they lose money, in fact, they just want to send a signal of "I'm great, I'm really great!" to the outside world and stakeholders.

This can bring the reputation and trust of stakeholders to the company, so that they believe that the company has a good level of governance and development prospects.

However, once the stock plummeted. Even if there is no problem with the company's operation, these stakeholders will think you have a problem!

Therefore, going public is a double-edged sword.

It allows enterprises that are already running very well to use the power of the capital market to obtain almost inexhaustible funds to carry out greater investment behaviors. However, it can also make a business that has a problem, or may have a problem, face a worse situation.

Just like Panasonic now!

Affected by the sea of figures, the stock price has been uncontrollably avalanche, and it has actually staged a continuous decline limit! This is simply a disaster for a stock that has performed very well in the past 10 weeks!

Affected by the stock price, more troubles followed;

At the headquarters of the Panasonic Group, Yutomo Furui, who had already retired at home, dragged his rheumatism sick body and urgently returned to Japan from Honolulu to preside over the overall situation.

In the conference room of Panasonic headquarters, Yuchao Furui looked at the directors and senior executives of the company who were mourning in front of him, and the folds on his face were piled up even more densely.

He looked around the world, taking in the expressions of everyone on either side of the long table, before he said in a deep voice, "Tell me, how bad is it?"

It seemed to be a starting gun, and after his words came out, one bad news after another came one after another!

First of all, the person in charge of the marketing department: "Chairman, our suppliers around the world have sent a lot of notices in the past two days, saying that they are ...... In view of our current operating conditions, we will no longer be on credit, and all operations will be settled in cash.

Furui Yuchao nodded, "It's okay, let the procurement departments of each company reformulate the procurement plan, reduce the amount of single purchases, and increase the frequency of purchases." The quantity to be purchased on the supplier's side is determined based on the order. ”

When he fell, the person in charge of the sales department got up and bowed, and said: "Chairman, affected by the stock market price, there are 121 customers in North America, 53 customers in Southeast Asia, and 89 customers in China...... Advance payments have been discontinued...... From the cash settlement. ”

Furui Yuchao gritted his teeth,

To put it bluntly, the normal operation of an enterprise has three links - entry, production and output.

Now, the purchase payment cannot be credited, and the sales payment is not prepaid, and the production efficiency and capital flow of the entire group will have a considerable impact.

However, he has seen strong winds and waves, especially the Furui Yuchao, who has just experienced a great decline of Panasonic before, and he is still calm.

"It's okay to make the transportation and finance more efficient. Get back the money as soon as possible!" he said in a deep voice again.

The person in charge of the finance department spoke, "Chairman, in the past two days, a number of banks have contacted us and asked us to repay the principal and interest of the loan in advance and stop the loan issuance ...... that we are applying for."

Before he could finish speaking, the head of the HR department also stood up: "Many of our shareholding employees are leaving......"

Seeing that the two people spoke at the same time, the person in charge of the public relations department simply let go: "Now the media's evaluation of us has been extremely poor, we have just come out of the crisis, and now we are in a bigger crisis, which makes people's confidence in Panasonic seriously lost, and we received news in the morning that the Ministry of Commerce will launch a business ......investigation against us due to the continuous decline in stock prices."

Listening to the mess in his ears, Furui Yuchao felt dizzy. One or two problems, he can solve.

But now Panasonic's problems have become entangled like a mess. Furui Yuchao felt as if he was being protected by an invisible cocoon, surrounded by messy silk threads, unable to move, unable to breathe!

He forcibly stabilized his mind, helped his forehead, Chen Mo for a moment, and asked, "Is it possible for the stock price to stabilize in the short term?"

A thin man stood up from his side, bowed, and wiped the beads of sweat from his forehead: "Now many of our small shareholders are selling their stocks, and if they want to stabilize the stock price in the short term, they may need to eat a large number of these stocks to prove our capital strength, but for the group's current financial situation...... Difficult!"

Furui Yuchao was dizzy again, and the strong chest tightness made him feel like he was about to die.

He shook in his chair a few times, until the personal doctor standing beside him brought water and drank the medicine and ate it, and after a while, he relented.

He slammed the table.

"Where is Ken Furuii! I handed over the group to him, why did things get worse to this extent? Why didn't you take steps to suppress the crisis when it first appeared!?"

Faced with this litany of questions, everyone on the board looked at each other.

After a while, a director on the left hand side of Furui Ken asked tentatively, "President, you really haven't heard?"

This person is the veteran of the Panasonic Group, and before Panasonic was not listed, he served as the Miura River managed by Panasonic together with Yuchao Furui. At that time, Panasonic was not a group, but was still called Panasonic Corporation. That's why there is such a title of "president".

Seeing his old buddy's hesitation and spitting, Furui Yuchao became angry: "What do I know?

Miurakawa's complexion changed for a while, as if he had made up his mind, put on the glasses at hand, took out his mobile phone, opened a web page that seemed to be some kind of entertainment news, and handed it to Furui Yuchao.

The latter gave him a suspicious look, and turned out to be on his phone.

Five seconds later, in the midst of everyone's dodging but sneaking glances at him, Furui Yuchao's face changed a few words.

"Hiccup!"

In front of everyone's eyes, with a burst of convulsions, Furui Yuchao didn't come up in one breath, and fell backwards directly with the chair!

"Chairman!" "President!"

In the conference room, there was a mess!