Chapter 120: The Great Alliance of Northern Capital

"What, now to sell to the day 'himself? The price has increased by 30%? "Zhao Dongping is one of the few people involved in the whole process, but he thinks the same as the Japanese himself, he thinks that selling arms to the Russians is simply making money, and now the price given by the Japanese himself is higher, so it is naturally sold to the Japanese himself.

"In this way, our monthly income can increase a lot, if we do it for a few more months, not to mention that the money for equipping mortars is enough, I'm afraid it will be no problem to build a new infantry battalion to the Jinzhou patrol battalion!"

"But it's a pity that I can't do Russian business in the future!" Zhao Dongping said.

But as soon as he finished speaking, Zhao Dongyun said: "Who said that the Russians don't do business?" The Japanese wanted us to sell the ordnance, and the Russians wanted us to sell it! ”

Zhao Dongping was slightly stunned when he heard this: "Didn't the Japanese ask for 5,000 shells a month?" Gave the day 'myself, what do we sell to the Russians? ”

Zhao Dongyun said: "Then we will buy 10,000 rounds every month, half of a family!" ”

At this time, Zhao Dongping was puzzled: "Third brother, do you mean to let the Fuyuan Machine add another 5,000 rounds of output over there, didn't they say that there is no such right output?" ”

Zhao Dongyun said angrily: "If the output is not enough, I won't first embezzle the output of other orders, and I won't continue to expand production?" If we take 10,000 steps back, even if the Fuyuan machine factory is not enough to produce enough, can't we buy from Germany and the United States? ”

At this time, Zhao Dongping seemed to be enlightened: "Oh, I almost forgot, the Fuyuan Machine Qì Factory is our own home!" ”

Zhao Dongyun added at this time: "You have forgotten, we are second-class dealers!" ”

What Zhao Dongyun said was not wrong, his arms trade with the Russians and the Japanese himself was not a direct arms trade between the Fuyuan Machinery Factory and Japan and Russia, he was just a supplier, and he did not occupy a dominant position in this arms trade, and the dominant position was Zhao Dongyun who controlled Jinzhou.

As long as Zhao Dongyun can provide sufficient supplies, then he will be able to make money from the Japanese himself or the Russians, but it is not so easy to expand the supply of goods.

The first thing to consider was to let the Fuyuanji factory expand its production, but now the Fuyuanji factory is already in debt, and after continuously investing in the expansion of the production line of rifles and bullets and shells, at the beginning of the year, the Fuyuanji factory invested in the establishment of a subsidiary steelmaking plant, and wanted to further expand the output of artillery shells, which is estimated to be a big problem.

If it was the Fuyuanji factory a year ago, it is estimated that Zhao Dongyun could have directly instructed the Fuyuanji factory to expand production, but now the share capital struggle of the Fuyuanji factory is more severe, and Zhao Dongyun is not good to meddle in the detailed operation of the Fuyuanji factory.

From the beginning of the preparation, the factory has not even been mass-produced, and the ordnance orders of the new army and the old army in other provinces have given the factory a good profit future, especially after last year, many people have taken a fancy to this cake, and even many foreign investors want to intervene.

However, Yuan Shikai, who regarded the Fuyuanji Factory as a Beiyang Collective Enterprise, specially petitioned for the Fuyuanji Factory, saying that the factory was related to national defense and that it would strictly prevent it from falling into the hands of outsiders. The Qing court specifically decreed that foreigners were not allowed to invest in the factory, and even if foreigners held the share capital of the factory by various means, as long as it was discovered, it would be immediately invalidated. This kind of thing can be regarded as an exception in the chaotic late Qing Dynasty.

However, after nothing happening to foreigners, people with a lot of money in China want to invest in it, and the original shareholders of Fuyuan Machinery Factory want to expand the proportion of share capital in their hands.

However, in the past year, the Fuyuan Yarn Factory, which is 100% controlled by the Zhao family, as the parent company of the Fuyuan Machinery Factory, has not agreed to a large-scale increase in share capital, but only two small-scale additional issuance of share capital, and the main source of funds is still a loan, but although there are many loans, when the loan reaches a certain range, it will soon be unable to be loaned.

At the end of last year, the Fuyuan Machinery Factory planned to establish a subsidiary steel mill and at the same time prepare to purchase a lot of equipment needed to make artillery and heavy machine guns.

However, this time due to the scale of the additional issuance is too large, once the successful increase of shares will make Fuyuan Yarn Factory's shares in Fuyuan Machinery Qì Factory drop from 43 percent to 24 percent, this move is naturally met with strong opposition from the parent company of Fuyuan Yarn Factory, although the development is important, but it is more important to control this enterprise, but the opposition of Fuyuan Yarn Factory is a failure.

Because although Fuyuan Machinery is a subsidiary of Fuyuan Yarn Factory, its management rights belong to the board of directors, and at the same time, Fuyuan is still registered in the British Concession, which can be regarded as half of a British-funded enterprise, and Fuyuan Factory, which has modern rules and regulations, has held a board of directors, and most of the shareholders agreed to increase the issuance of shares, and even the parent company and major shareholder Fuyuan Yarn Factory cannot change the decision of the board of directors.

In the end, Fuyuan Yarn Factory was forced to take advantage of the original shareholders' preferential right to purchase shares, and did not hesitate to borrow hundreds of thousands of taels of silver from Tianjin Guanyin and several other money banks to purchase additional shares, trying to maintain absolute control, but a large number of additional shares were still purchased by other shareholders, and the shareholding of Fuyuan Yarn Factory in Fuyuan Machinery was further reduced to only 35 percent.

It is worth noting that in the three additional issuance of share capital and many loans, Fuyuan Machinery Factory raised more than 4 million taels of silver from the northern capital market in China, especially Tianjin and Beijing, and basically the national capitalists with a net worth of more than one million on the ground in the north participated in it to a greater or lesser extent.

And this is still directly involved, some of the capitalists who have not been able to directly participate in the shares of the capitalists through a roundabout way, such as investing in one of the shareholder companies to indirectly obtain the shares of Fuyuan Machinery Factory, for example, the second largest shareholder of Fuyuan Machinery Factory's 'Dingsheng Ticket Number', at the beginning of the year from the traditional ticket number to the Dingsheng Bank, Hong Xuwei after four years of investigation and study of the foreign banking system, finally embarked on the road of reform, the traditional Shanxi ticket number of the Dingsheng Ticket Number to a new modern bank.

And after the restructuring, it also imitated the development path of Fuyuanji Qì Factory, and did not stubbornly insist on private holding, but changed to a limited joint-stock bank according to the newly promulgated company law, and at the same time attracted a large amount of capital to enter.

Because it holds a large number of shares in Fuyuanji and is also one of the major creditors of Fuyuan Yarn Factory and Fuyuanji Factory, the reform of this ticket number has attracted the participation of many domestic capitalists, and the momentum of development is very strong.

The many times of financing of Fuyuan Machinery is actually a capital feast again and again, and countless people want to take a bite, and the total capital scale involved in it is not only a few million taels of silver, but as high as tens of millions.

At the same time, several other subsidiaries of Fuyuan Yarn Factory have also attracted the joint participation of many capitals, such as Fuyuan Weaving Factory, Fuyuan Ash Factory, Fuyuan Match Factory, Fuyuan Soap Factory and a series of subsidiaries, although the scale is far less large than Fuyuan Machinery Factory, but also due to the adoption of a new management system, and the successful precedent of Fuyuan Machinery Factory, it has also attracted a lot of domestic capital and even foreign capital participation.

Several new subsidiaries, especially the Fuyuan weaving factory, last year when the preparation attracted many domestic textile industry national capitalists to participate, Jinzhou Li family originally wanted to invest in it, but at that time Fuyuan yarn factory did not attract large-scale foreign investment, but their own burden of early investment, until February this year Shun lì put into production, and due to the outbreak of the Russo-Japanese War, the weaving mill's cloth quickly captured the northeast and several other northern provinces of the mechanism cloth market, this is a high-profile capital for the capital market to issue additional share capitalIn one fell swoop, it obtained financing of up to one million taels of silver, and became the largest weaving enterprise in northern China.

If combined with the spinning business of Fuyuan Yarn Factory, the parent company, then its spinning and weaving scale has surpassed other domestic textile enterprises such as Hubei government-run yarn mills, weaving mills and Dasheng yarn mills.

In addition, it is interesting that Fuyuan Yarn Factory is the parent company of many subsidiaries of Fuyuan Group, but its own business is far inferior to several subsidiaries, Zhao Chenbin and Zhao Chenliang and others at the helm also found this embarrassing situation, and they are already preparing for the reorganization of Fuyuan Yarn Factory, but it involves Fuyuan Yarn Factory and many other subsidiaries, especially when there is such an important subsidiary as Fuyuan Machinery Qì Factory.

Although the Zhao family's share in this series of subsidiaries is estimated to be about two million taels of silver, the assets of the subsidiaries and cooperative enterprises involved in a series of restructurings will reach tens of millions, which is related to the livelihood of tens of thousands of employees of a series of subsidiaries and cooperative enterprises.

It is estimated that it will take a year or two to complete the reorganization.

It is not surprising that Fuyuan Yarn Factory appeared in the United States, Britain and any industrialized country, but it has to be said that it is extremely inappropriate to appear in China after the Gengzi year.

Although Fuyuan Yarn Factory is under the full control of the Zhao family, but in a legal sense, this enterprise belongs to the British-funded enterprise of Zhengbaerjing, which pays taxes to the British Concession authorities in Tianjin, and in the process of restructuring Fuyuan Yarn Factory, it is planned to register the future parent company in Hong Kong or even London.

Yuan Shikai personally watched the Fuyuan Machinery Factory, and others did not dare to do it, but the Fuyuan Yarn Factory and other subsidiaries, if there was no foreign capital, there would definitely be no scum left that would be swallowed by bureaucrats of all sizes.

However, the background of foreign investment, the modern management system also has disadvantages for the Zhao family, that is, it will gradually lose control over many subordinate enterprises in the future.

Because the faster the development of the enterprise, the more large-scale financing is needed, and financing represents the issuance of additional share capital, diluting its own share share, once or twice is nothing, but over time, the Zhao family's control over the subordinate enterprises will become weaker and weaker, of course, the total assets will definitely be more and more.

I have to say that back then, Zhao Dongyun single-mindedly turned Fuyuanji Qì Factory into a Western-style modern enterprise, which had already laid the bane of Fuyuanji's independence.

But then again, without those modern management systems, the factory would not have been able to develop so rapidly, and the minority shareholders would not have tried their best to compete for more shares.

This situation is a good thing for Zhao Dongyun and even for the entire Beiyang system, the big customer of the Fuyuan Machinery Factory is the Beiyang New Army, if the further expansion of the Fuyuan Machinery Factory can produce more rifles and even new artillery and heavy machine guns and other weapons, Yuan Shikai led a vote of Beiyang high-level generals are extremely welcome, and this is also the fundamental reason why the Beiyang system has provided political protection for the Fuyuan Machinery Factory in the past two years and in the future.

Yuan Shikai doesn't care if the Fuyuan machine factory makes money or not, but the Fuyuan machine factory must produce weapons continuously, if anyone sabotages it affects the expansion plan of the Beiyang New Army, Yuan Shikai is the first to not let him go!

In this way, the management rights of the Fuyuanji factory are fully controlled by the board of directors, and even Zhao Chenbin, the chairman, cannot make an independent decision, so Zhao Dongyun's desire to let the Fuyuanji factory expand the production of cannonballs is not something that can be done with his mouth open.

But he can't intervene directly, it doesn't mean that Zhao Dongyun can't affect the Fuyuan Machinery Factory, Zhao Chenbin is still the chairman of the Fuyuan Machinery Factory, although he can't let the Fuyuan Machinery Factory give himself shells out of thin air, but he can increase orders and move orders to the front production to achieve his own goals.

At the same time, the increase in orders will further cause the production of Fuyuan Machinery to be insufficient, which in turn will force the board of directors to continue to invest in the production line of shells and bullets.