"This is the company's new strategic planning manager, a 92-level graduate of Huaqing University, Qu Guangrui." Seeing Yun Fei's inquiring gaze towards him, Wang Qingfeng, who was full of embarrassment, hurriedly introduced him to this person who challenged Yun Fei's authority.

If he had known from the beginning that Qu Guangrui would do this, he would not have been allowed to participate in this shareholders' meeting. For this strong young man who has just arrived in Xinkaixing for a year, Wang Qingfeng has always thought that he is another Yunfei. It will bring the development of Xinkaixing to a higher level.

As Qu Guangrui showed his ability in Xinkaixing, even if this ambitious young man set aside the rights of Zhu Yuanshan and Chen Yumin, even if he was dissatisfied, he could only appease a group of old brothers.

This young man, when he came, opened his mouth to ask for shares, for shares, Wang Qingfeng did not attach too much importance to shares, as long as he really has the ability, give some shares to retain outstanding talents, there is no problem.

Just like Yun Fei said to him at the beginning, he has fewer shares in his hands, and as long as the company grows and grows, he will get far more benefits than before. Hundreds of millions of dividends and profits a year, this is something he couldn't have imagined before he established Xinkaixing.

When Qu Guangrui arrived in Xin Kaixing, he told Wang Qingfeng that he could double Xin Kaixing's profits within three years, and his requirements were exactly the same as Yun Fei's requirements back then - all the rights of the entire group company and his support as the chairman.

Of course, this ambitious young man asked for more than Yun Kai, and if he could do it to this extent in three years, he would want eight percent of the shares!

It wouldn't be good if Yun Fei thought that he was instigating him to make trouble with Yun Fei.

Without the support of Yunfei, Xin Kaixing can't even keep its current business!

"Manager Qu, do you think I don't know the company's situation? Then tell us all about how good the development of this good is in the world? Yun Fei was not angry, which made Wang Qingfeng breathe a sigh of relief.

"Since I joined Xinkaixing as the manager of the strategic planning department in October '96, our Xinkaixing company's production capacity has expanded by one-third, and the business has increased by 25 percent. Profit growth exceeded the expected profit by 20 percent......," Qu Guangrui said proudly.

These are all his credits, how can he not be proud?

The rise of China's youngest billionaire has become a legend and an object of adoration for almost all young people. Originally, countless people hoped to stay in the capital, but it was not as attractive as starting a business in the Pearl River Delta and the Yangtze River Delta by themselves.

Only those who have no ability and no ability will choose the job arranged by the school.

Qu Guangrui always thought that if he could have an opportunity like Yun Fei, he would be able to meet someone like Wang Qingfeng who could help him at the beginning, and he would even be able to do better than Yun Fei!

There are many legends about Yun Fei's beginnings outside, and there are not many people who know that Yun Fei has obtained tens of millions of starting funds by buying dragon systems. Many people think that Yun Fei relied on Wang Qingfeng's help to establish Jiuyi Heavy Industry and relocated Jiuyi Heavy Industry with a loan from the bank.

Many people believe that the rise of Yunfei is due to luck, the introduction of technical talents from the Soviet Union is luck, and the exchange of daily necessities for light industry for the Il-76 large military transport aircraft is also luck......

Therefore, others choose those foreign-funded companies that are more able to obtain connections or skills, and Qu Guangrui chose Xin Kaixing, a private company that makes Yunfei rise.

Before coming to Xinkaixing, Qu Guangrui had collected Wang Qingfeng's information in great detail and had a detailed analysis. Just as he imagined, he obtained Wang Qingfeng's consent, as long as he doubled Xinkaixing's profits within three years, he would be able to obtain 8% of Xinkaixing's shares.

So. He will be able to become the third largest shareholder of Xinkaixing, and the annual dividends will be tens of millions, so that he will soon be able to have a starting capital!

"Are you happy with the result? Or rather. Are you going to continue to expand Hin Kai Xing? And then take back those processing operations that we have outsourced? "The financial statements for the whole year have not been fully counted, and Yunfei does not have complete data in his hands.

"These profits should belong to us completely, so why should we give these profits to companies that don't want to do it? And. Large-scale use of CNC machine tool processing, in addition to equipment costs, labor costs will not increase much. As long as we add 1.2 times the number of CNC equipment and 0.4 times the number of workers, our profits can be doubled......," Qu Guangrui said proudly.

Even if Yun Fei becomes a super-rich man, he can't hide the fact that he only went to secondary school.

"Not bad, really good! Manager Qu, I just want to ask you, how much do we need to invest to increase the CNC equipment that is now doubled in size? "Cost is the key to everything.

"About 600 million, of which 200 million is the cost of equipment, and 400 million is the cost of the plant......" Qu Guangrui answered Yun Fei's words without the slightest hesitation.

"Excuse me, how long will it take for these investments to recoup their investments at our current profits?" Yun Fei was very painful.

It seems that this kid has not counted the land that Wang Qingfeng has taken in the past two years and the cost of the expanded factory.

"If the depreciation of the equipment is counted, we will be able to fully recover the investment in five years at most, so it is imperative to expand the scale of production, otherwise, our position in the machinery OEM industry will be robbed by other companies......" Qu Guangrui said coldly to Yun Fei.

Many competitors are even cultivated by Yun Fei himself.

If Jiuyi Heavy Industry did not sell CNC equipment to those competitors, they would not have developed so fast.

"Enough! I only ask one question now, where do these investments come from? "This is a typical Zhao Kuo who talks on paper, he has been in Xinkaixing for a year, and he is still so short-sighted, he is really an outstanding graduate of Huaqing University, the highest university in China?

Immediately the price of land will sit on a rocket to rise, with the intensification of competition in the domestic CNC equipment industry, the CNC machining industry will be more and more competitors, CNC machining has been far from the original profiteering.

Even now, the foreign trade processing undertaken by Xinkaixing has shrunk by more than one-fifth compared with the beginning because of the rise in price level, various cost increases, inflation, etc.

Three years from now, China's real estate-backed economy will further exacerbate inflation, which must be taken into account when investing. Now the investment of 600 million yuan is already a very large investment for the whole of China, for private capital.

If we invest 600 million now, if we can't recover 1.2 billion within five years, this investment will be considered a failure.

Yun Fei is sure that the cost of the 200 million equipment in Qu Guangrui's plan will be borne by Jiuyi Heavy Industry! He's too good at it!

The debts are borne by his own shareholders, and he only takes benefits, is there such a good thing in this world?

"......" Qu Guangrui was speechless for a moment.

"Put away your careful thoughts, from now on, Xinkaixing's mechanical processing business is not allowed to expand again. This is not a matter of consultation with anyone, but a requirement of being the second largest shareholder of the company. If Lao Wang, the largest shareholder with absolute controlling stake, does not agree, I will transfer the shares in my hand to Wang Qingfeng free of charge! Any company, the asset-liability ratio of more than 60 percent, is a very dangerous thing, I really don't know what you think, dare to let the asset-liability ratio of Xin Kaixing exceed a few hundred! This company is not yours, you don't feel heartache, do you? To put it mildly, Xin Kaixing is like a chicken rib for me! Throw it away, throw it away! Yun Fei said coldly to everyone.

The entire conference room suddenly fell silent.

When Qu Guangrui heard Yun Fei's words, his face suddenly turned pale. Now he can't argue with Yun Fei at all, and Wang Qingfeng can't offend Yun Fei for him. He belongs to the senior management of Xin Kaixing, and he has always known that the military processing business of Xin Kaixing is basically given to Xin Kaixing by the military for the sake of Yun Fei's face. There are also some big customers abroad, many of whom were transferred from the original Kamat to Xinkaixing......

Yunfei withdrew from Xinkaixing, which will be a huge disaster for Xinkaixing.

Twenty-five percent of Xinkaixing's shares are at least more than 400 million, but these 400 million shares are also burdened with huge debts, and once Xinkaixing's business has problems, this value will shrink a lot in an instant!

"Well, I'll explain this to you. We have a debt of more than 100 million yuan to Jiuyi Heavy Industry, and the bank has a loan of nearly 600 million. And the combined value of our current fixed assets will not exceed 400 million. The 80 percent asset-liability ratio that Mr. Yun just mentioned is very polite. As we all know, we belong to the processing enterprises, if we do not have our own products, once our business volume declines, bank loans are a very serious problem. ”

"A few days ago, when I went to Rongcheng to ask Jiuyi Heavy Industry to buy heavy CNC equipment on credit, Mr. Yun asked me, if foreign customers are short of funds due to the financial crisis and cannot settle with us in time, what should we do...... My first reaction was impossible. But when you think about it, it's a very big problem. In recent years, there have been many enterprises in the entire Pearl River Delta, and at the same time, there have been many enterprises that have failed, especially the Southeast Asian financial turmoil that began in July, and the large-scale collapse of enterprises in Japan and South Korea and other countries has basically been caused by untimely customer settlement and broken capital chain......"

"Therefore, in the future, Xin Kaixing began to invest R&D funds in independent products, stabilize the current business, and outsource some low-profit and high-cost businesses, so as to reduce our costs and increase profits." This shareholders' meeting, because of Yun Fei's strong return, made Xin Kaixing, the owner of the people, once again become a hall of words...... (To be continued......)

PS: Thank you heaven and earth for my two monthly passes.