I Want To Be a Rich Man on Hong Kong Island

The latest website: Wu Guangyao's second stop came to the Zipper Group and summoned the executives.

In terms of strength, the Zipper Group is already very strong, and the annual report of last year (1971) is about to come out;

What is certain is that the annual profit of Zipper Group will exceed 100 million US dollars!

Among them, the zipper industry is expected to contribute 70% of the profits, so where does the remaining 30% of the profits come from?

It turned out that the 30% profit was divided into two parts:

The first part, ykk zipper led by Tadao Yoshida, the income brought by investment in nylon, chemicals, copper ore, aluminum ore, etc.; this part of the profit accounts for about 18% of the group's profit.

The second part, Yaoshi Industry has already been deeply involved in machinery manufacturing and metal smelting, and currently has investment and construction of factories in many places in Asia; this part of the profit accounts for about 12% of the group's profit.

Among them, the machinery manufacturing of Yaoshi Industry is undoubtedly a key development direction of Wu Guangyao in the future!

The reason why Wu Guangyao wants to develop machinery manufacturing is also driven by a sense of responsibility;

In the previous life, Hong Kong's industrial output value once accounted for 40% of Hong Kong's gdp, and that was the most glorious moment of Hong Kong's industry;

Until the first oil crisis in 1973 broke the balance, the proportion of industrial output value began to decline;

During the oil crisis, the primary processing and manufacturing industry suffered a double blow:

On the one hand, the price of petroleum raw materials is high, and the cost cannot be kept;

On the other hand, global trade protection is launched, and customers are uncertain.

For Hong Kong, there is a third blow:

South Korea, Singapore, and Taiwan are now desperately developing their export economies. Hong Kong, which once took the lead in various industries, is showing weakness; in the textile, shoemaking, plastic, hardware, electronics, and machinery industries, Han Xintai’s export The total is less than a fraction of that of Hong Kong, but in 1975, South Korea and Taiwan had surpassed Hong Kong.

Hong Kong lags behind in the pillar industries of textiles, plastics, and metals;

The remaining advantages are only reflected in toys and ready-made clothing.

Fortunately,

Afterwards, Hong Kong's electronics industry began to exert its strength, and exports increased from 1 billion Hong Kong dollars to 13.4 billion Hong Kong dollars, becoming the second largest industry in Hong Kong's manufacturing industry after the garment industry.

However, none of these industries survived into the millennium;

By the turn of the millennium, Hong Kong's industrial output was only about 3% of GDP.

There are only a handful of industrial companies with annual revenue exceeding 10 billion;

More representative ones are VTech (electronics), Chen Hsong Machinery, Dechang (electrical machinery)...

In the conference room, executives from the Zipper Group gathered together, except for Tadao Yoshida;

At this time, the development of ykk zipper has exceeded my expectations, like a wild horse running wild;

Tadao Yoshida was an outstanding entrepreneur in his previous life, he brought ykk zipper to a group size, and the revenue has a tendency to exceed that of the zipper group;

In terms of zippers: ykk zipper has surpassed pg zipper in terms of word of mouth. Wu Guangyao once investigated the reasons and found that the quality of workers is a big reason, and it is also related to Yoshida Tadao’s leadership ability;

In terms of investment: Tadao Yoshida invested a large amount of copper mines and aluminum mines in South America, and nylon and chemical products in Japan, which can be described as ambitious.

Of course, Wu Guangyao is not worried, because he always holds absolute equity and insists that ykk zippers will not be listed;

Although Wu Guangyao insisted that ykk zipper not go public, there are two Japanese listed companies under ykk zipper, which can be regarded as Wu Guangyao's compromise for the development of ykk zipper.

The reason why Hong Kong's pg zipper is weak is that Hong Kong's labor is no longer cheap, and the quality of workers is not as good as that of Japan;

Cheap labor was one of Wu Guangyao's magic weapons when he defeated Tadao Yoshida;

Of course, when this advantage is not there, Yoshida Tadao's advantage will be reflected;

Fortunately, at this time he has been domesticated by himself!

At the beginning of the meeting, Wu Guangyao took the lead in saying: "The Zipper Group must be aware of the crisis and find a new way out!"

Li Bing, the president of the Zipper Group, was suddenly pale. The boss's words seemed to mean comparing himself with Tadao Yoshida;

Li Bing does not admit that he is inferior to Yoshida Tadao, the zipper group is almost caught up by the subsidiary ykk zipper, the culprit is actually the boss Wu Guangyao;

Because in the beginning, when the Zipper Group had a lot of profits, the boss basically took away most of the profits and used them to invest in shipping, which made the Zipper Group's diversification miss a good opportunity.

However, this is the boss's general policy. I am just the president of one of the group companies, how can I resist?

Li Bing said: "Yaoshi Industrial's machinery manufacturing and metal smelting are developing very well. I think the group can increase investment in these two areas."

Lin Yongdong immediately straightened his waist, this is related to Yaoshi Industry which he is in charge of!

Wu Guangyao looked at Lin Yongdong with an expression of appreciation on his face;

Although Lin Yongdong is his brother-in-law, he definitely relied on his strength to reach the position of president of Yaoshi Industry;

Even his resume, Lin Yongdong is also super impressive, it can be said that Wu Guangyao has got a treasure!

Wu Guangyao said: "President Li is right. If the zipper group wants to break through, Yaoshi Industry must take this responsibility. It seems that our injection molding machines, zipper machines, and stamping machines are developing very well; then, next, we will Can we still enter those fields? Personally, I think we must understand the truth that we can’t eat too much, so we must choose some mechanical manufacturing fields carefully; don’t make profits first, lay a solid foundation first, and look forward to the later outbreak!”

Lin Yongdong said: "Textile machinery and wharf machinery can both be in the same direction! If the boss can persuade the Chinese University or the University of Hong Kong to establish a major in machinery, I think Hong Kong Island's machinery manufacturing will also have a lot of competitiveness and vitality!"

Lin Yongdong knows that his brother-in-law definitely has this energy. After all, the School of Traditional Chinese Medicine and the School of Electronic Engineering were established with the support of his brother-in-law.

Wu Guangyao nodded and said, "Well, talent is indeed an important factor restricting us; I will fill in this shortcoming as soon as possible, and I will work hard to facilitate it in technical schools and university departments."

There are two main reasons for the decline of industries on Hong Kong Island in the previous life:

First, the Hong Kong government does not pay much attention to it. Of course, the euphemistic name is non-interference and free economy;

Second, land is too expensive, everyone wants to develop real estate, who is happy to develop industry?

In this life, Wu Guangyao is determined to bring back Hong Kong's industry!

Samsung Group can account for 25% of South Korea's GDP, so Wu Guangyao's enterprises can also account for more than 25% of Hong Kong's GDP;

Moreover, what Wu Guangyao wants is for the Wu family and Hong Kong to develop together!

Then again, at this time, the total output value of the Wu family's business seems to be 25% of Hong Kong's gdp;

Then everyone expressed their opinions, but they all revolved around the development of Yaoshi Industry.

"By the way, the brother company Baiyou Group intends to enter the beverage industry. It will need a large number of cans in the later stage. Yaoshi Industry can set up a subsidiary company to specialize in the production of packaging." Wu Guangyao reminded.

Yaoshi Industry itself is a large-scale aluminum alloy producer in the world, and has established multiple factories in Southeast Asia;

The injection molding machines of Yaoshi Industry are also very advanced, and can also be extended to the manufacturing of plastic bottles;

Therefore, there are many resources in various aspects to develop the packaging industry.

"Okay, boss!" Lin Yongdong was full of enthusiasm, thinking in his heart that Yaoshi Industry might also surpass pg zipper.

After a meeting, Wu Guangyao was in a great mood!

For Wu Guangyao, no matter which industry he is in, if he decides on the big policy and then spends money, the final result will not be too bad;

Even if it wasn't a top-level success, it still accounted for at least a big hole!

For example, in this machinery industry, the future growth height is not known at all;

But something is better than nothing, high-end can’t do it, low-end can always do it;

In the future, there may not be an annual output value of 100 billion, but there will always be an annual output value of tens of billions!

When others invest like Wu Guangyao, they may be greedy for more than they can chew;

But Wu Guangyao will not, because it is too easy to make money by himself;

Even if my own industrial field has lost money for decades, for me, I can completely make up for it from finance (value investment);

Long-term investment in research and development will not fail!

Reading Bar Chinese Network