The equity battle that broke out within the family was very serious, but it was not the most annoying for Tang Yikun. What worries Tang Yikun the most is, of course, the business dilemma. There is an advantage of a large enterprise, that is, the ability to resist risks is strong, for the business crisis faced by East Lake, only a few people understand, tens of thousands of employees in East Lake can not feel it, wages are paid as usual, work is done as usual, there is no abnormality.

The contradiction broke out from East Lake Machinery, Tang Yiwei submitted a comprehensive report to the board of directors as early as early March, once again pointing out the predicament faced by East Lake Machinery, and sixty percent of its subsidiaries are destined to lose money this year, with a total loss of more than 120 million. Among them, garment and mechanical processing enterprises have serious losses, and the chemical industry is better, barely flat, and the best is two pharmaceutical factories, with a profit of 13 million in the first half of the year.

But the most important thing about running a business is not profit, but cash flow. Because there is still a hurdle to pass from profit to cash, and that is to liquidate. The products sold cannot be recovered, and the accounts receivable climb on the books, which will not affect the amount of profits, but will definitely affect the operation. Not to mention the loss, sixty percent of the enterprises have losses, and the cash outflow of East Lake Machinery is a big problem.

Sure enough, East Lake Machinery in the third quarter after the cash flow is urgent, employees' wages can not be paid, social security arrears are becoming more and more serious, raw materials can not be bought, affecting the completion of orders in hand, the result of further affecting the follow-up orders, the debt crisis is also serious, run to the development zone East Lake Machinery Headquarters Finance Department to account more and more creditors, at most at the same time there are four blocked in the Finance Department or Tang Yi for the office, so that Tang Yi for the thunder.

"What are you looking for me? Whoever owes you money is looking for someone to go" Tang Yiwei yelled at the creditor very uncultivated.

"Mr. Tang, it's not appropriate for you to say that," of course the creditors were not in a good mood, "Even if the debt was formed before the establishment of Donghu Machinery, but your Donghu Machinery took over all the claims and debts, we don't look for you to find anyone?" Why don't you give me some pointers......"

"Looking for whom? Whoever owes you money asks for it! Whoever signs a contract with you wants to ......" Tang Yiwei felt that he was about to die of grievance.

In fact, Tang Yiwei is right, East Lake Machinery has integrated East Lake Industrial's business in addition to mining and real estate to become a diversified enterprise group. However, each of its enterprises is independently accounted for, and many of them retain independent legal personality. In addition to large investments, the East Lake Machinery Headquarters only manages financial audits and personnel issues. The headquarters has a finance department, but it is more like an investment company, and does not care about the financial problems in the specific operation of each enterprise.

This mechanism was designed by Tang Yikun himself.

"Mr. Tang, it's even more wrong for you to say that, if your factory pays, why do we come to the headquarters? We've been working together for many years, and we're not exhausted, and we won't be like this. Do you say it's ......?"

Creditors are more reasonable. If your company doesn't pay back, we won't look for you, who will we look for?

There is money in the account of the finance department, which is the development fund allocated by Tang Yikun when Donghu Machinery was established. All the enterprises under Donghu Machinery were acquired or established by Tang Yikun, which contains his countless efforts, in a sense, just like his children. In fact, the rapid development of East Lake real estate is largely based on the enterprises that are now owned by East Lake Machinery. Because their land is the most needed for East Lake real estate. Well, the enterprise buys it and moves away (into the development zone. It was co-arranged with the government), and the land was vacated for Donghu Real Estate, and after going through the procedures for changing the use of the Land Bureau, it became a commercial development land. Then I took the land certificate and went to get a mortgage, so one tall building after another was erected. One community after another was built, and profits flowed into the account of East Lake Real Estate...... In view of the fact that the stalls are getting bigger and bigger, Tang Yikun simply has no energy to manage so many enterprises, so he listened to the opinions of his assistants (including Tang Yiwei. At that time, Tang Yiwei was anxious to grasp the specific affairs management), and made a major adjustment to the business of Donghu Industry, distinguishing between the main business and the auxiliary business. Sent his younger brother to serve as the president of East Lake Machinery, and also transferred a sum of money from East Lake Real Estate into the account of the Finance Department of East Lake Machinery Headquarters, and clearly told Tang Yiwei that this money cannot be used indiscriminately, it is used to integrate and adjust the industrial structure of East Lake Machinery, so that East Lake Machinery can develop......

It's a good idea. However, the diversified operation of East Lake Machinery can not be maintained. From the year when East Lake Machinery was established, Tang Yikun was aware of this problem, and it was impossible for him to turn dozens of enterprises under East Lake Machinery into cash cows. Enterprises are like this, either making profits or losing money, looking at the world, there are countless companies that go bankrupt for various reasons every year.

For the establishment of East Lake Machinery, Qi Zhen, president of East Lake Real Estate, disagreed at that time. Qi Zhen believes that most of the enterprises under East Lake Machinery have no value after providing the land, and they have such and such defects, otherwise the government will not sell them to us (most of the enterprises are led by the government to achieve restructuring and mergers). If you want to save them, the amount of money invested is by no means a small amount, and it may not be enough to invest all the money earned back by East Lake Real Estate. Therefore, Qi Zhen suggested a multi-pronged approach to solve the problem of East Lake Machinery, and the main way out is one, bankruptcy or giving it to others. And the sooner the better.

Tang Yikun did not agree with Qi Zhen's plan. Among them, there are not only his ambitions or ideals, but also political considerations. In terms of personality, Tang Yikun likes to possess, abstract bank deposits are always not as good as real plant equipment, he went to the development zone to inspect the enterprises under the East Lake Machinery, and really had the feeling of the king inspecting the territory. In addition, he understands politics better than Qi Zhen, and Donghu Industrial has received strong support from the Pingquan city government in acquiring enterprises to change the nature of the land, and it is not permissible to abandon these enterprises after changing profits and thus bring various problems, including unemployment, which will definitely anger the government and will not be worth it at all.

In April, the contradiction began to break out, first of all, an inconspicuous steel pipe factory, but because of the blocking of the government gate attracted the attention of the city, the mayor of Shangguan specially convened a meeting to solve the problem of arrears of workers' wages, it was a critical period for Pingquan officialdom, stability is overwhelming, fortunately, Red Star took over the small factory, which is a favor to Donghu. Then Wang Yi's secretary was promoted, the new ******** Lu Yaozu came, but the difficulties of East Lake Machinery intensified, and there was a big problem with cash flow in May, with a gap of up to 40 million, Tang Yiwei wanted to embezzle emergency relief from the so-called development funds, because the money had been siphoned off.

The huge amount of money was put into the account of Donghu Machinery for only a month, and it was ordered to be withdrawn by Tang Yikun. First, large sums of money are not allowed to sit idle. Second, due to the sales problem of the Jade Garden, there is also a shortage of funds in East Lake Real Estate. That side is already the foundation of East Lake Industry, and of course the money must be used in key places.

Tang Yiwei was very dissatisfied. That money gave him and his management team confidence, and they planned some plans, both in the short and long term, but now they are completely lost. Tang Yiwei was "instigated" by his subordinates and ran to reason with Tang Yikun, the biggest reason was that Donghu Real Estate took advantage of Donghu Machinery on the land, and it was natural to support or compensate Donghu Machinery. That money should be returned as soon as possible! Tang Yiwei warned that if the headquarters did not support it. I am not responsible for another mess like the steel pipe factory.

Before, Tang Yikun clearly explained to Tang Yiwei that now that Secretary Lu has just arrived, it is definitely a special period, it doesn't matter if you lose a little, there must be no stability problems.

This is the disadvantage of separation. Tang Yiwei regarded Donghu Machinery as his territory, and Wei Shegang regarded Donghu Mining as a ban. The two factions representing the "emperor and queen" have begun to carve up the East Lake.

The sale of the steel pipe factory is a stone-throwing question. Tao Tang stupidly took the bait, as if he had picked up an ingot, and this transaction made Tang Yikun despise Red Star a little. But soon he couldn't laugh anymore. Because the transfer of the steel pipe factory triggered a chain reaction of the enterprises under Donghu Machinery, more employees of the enterprises made similar demands. Employees of enterprises with the nature of the whole people are more or less nostalgic for the unique sense of security in state-owned enterprises, and they will not have ideas when the benefits of private enterprises are good and the wages are high, and when there are problems in operation, they will go to the opposite side. After the handover of the steel pipe plant is completed. The city made continuous calls to the top management of Donghu, the phone number of Mayor Shangguan Hong was to Tang Yikun, the phone number of Vice Mayor Ma Desheng in charge of industry was to Qi Zhen, and the phone number of the Industry and Information Technology Commission was called Tang Yiwei. It's all about the same thing: to do a good job of explaining the policy to your employees, mergers and acquisitions are irreversible, how can the city take back the enterprises that have been transferred?

Tang Yikun had the feeling of lifting a stone and hitting his own foot. Although no voice was heard from the new ******** on the matter. But Tang Yikun knew that Lu Yaozu must have heard some rumors that were not favorable to East Lake. When he pulled Tao Tang to meet Lu Yaozu in person, people raised this question, will it bring about a chain reaction? Mistaking the actions of companies as a government movement? I swore a promise in front of others, and it seems that it is indeed too simple to consider.

Helpless, Tang Yikun strictly ordered Qi Zhen to allocate 50 million funds to Tang Yiwei for emergency relief, he would never allow the matter of blocking the government door at this time, let alone the rumors of Red Star's business difficulties. Of course, the appropriation has to go through the procedure, because East Lake Machinery and East Lake Real Estate are two independent enterprises, not branches of the same enterprise. Among them, 21 million was regarded as early payment, and the remaining 29 million was used as advance payment after signing a cooperation agreement. Tang Yikun demanded that Tang Yiwei first ensure the payment of wages, and even if work is suspended, the minimum wage must be paid, and no mention of layoffs. Secondly, it is necessary to ensure the completion of orders, especially pharmaceutical and chemical plants, which must not stop production. Third, it is necessary to ensure that no major litigation occurs, and the lawsuit involves the image of the East Lake Industrial Group, which cannot be taken lightly. Tang Yiwei got 50 million life-saving money, which can be regarded as temporarily surviving the difficulties.

50 million funds can't solve all the problems of East Lake Machinery. At the beginning of June, Tang Yikun convened two consecutive enlarged board meetings attended by senior executives of Donghu Machinery to study the problem of Donghu Machinery's extrication. The conclusion is quite consistent, East Lake Machinery should distinguish the nature of its enterprises, classify and formulate measures, and must no longer use emergency methods, otherwise it will drag East Lake Industry to death.

There are two opinions on how to classify and solve the problem. One is represented by Wei Shegang, who put forward a strategy of breaking the dead and saving lives: for enterprises with bleak market prospects and zero technical reserves, such as textile and printing factories, they must resolutely take the road of bankruptcy. Otherwise, it will not be possible to reverse its operations. For pharmaceutical and chemical factories that are basically well-run, we will expand investment in them and make them a new pillar of the East Lake Group.

The other is represented by Qi Zhen, or adhere to his previous view, East Lake must reduce its business scope, can no longer take the road of diversification, throughout the world's successful enterprises, except for GE and a very few other enterprises to diversify successfully, the rest have failed. The implication is that except for real estate and mining, which is the foundation of East Lake, all the rest should be abandoned, and the sooner the better. Even if there is a loss, it will not hesitate.

Of course, Tang Yiwei heard what Qi Zhen meant, so he was naturally very dissatisfied, and quarreled with Qi Zhen at the meeting.

Tang Yikun knew that it was impossible to fundamentally reverse the situation of East Lake Machinery by relying on Tang Yiwei's ability. The third child is still successful, and the ability to start a business is poor.

But how? How to solve the business dilemma of East Lake Machinery? You can't keep giving Tang Laosan a blood transfusion, right? (To be continued.) )

PS: I'm on a business trip tomorrow, so let's send out the only chapter I have