Chapter 93 1 Year of Entrepreneurship Results 58 Years of Asset Statistics

Chapter 93 1 Year of Entrepreneurship Results 58 Years of Asset Statistics

Chapter 93 One Year of Entrepreneurship Results 58 Years of Asset Statistics
On January 1, Yang Wendong, Su Yiyi, Wei Zetao and several others sat together in a small restaurant next to the Changxing Industrial Factory.

In addition, Hong Xuefei, who was in charge of the research and development of the "Magic Cube", was also pulled over. He was an earlier employee and was in charge of research and development. He was also one of the most important people in the company.

"Don't be too restrained, we are a small company, so we don't need too many rules for the time being." Yang Wendong smiled and said, "Today is just a meeting for preliminary understanding, so don't be polite about the fruits on the table."

The waiter poured tea for each person in turn, and then left at the signal.

Wei Zetao also smiled and said, "Thank you Yang Sheng."

"We are all family from now on, so you're welcome." Yang Wendong said with a smile, "In terms of business management, I invite you all to work together in the future. With Old Wei as the leader, we will expand the scale of Changxing, and everyone here will also have rich rewards."

Wei Zetao then said: "We all prosper together. We all gave up our former big companies and came to Changxing Industry. This is because we are optimistic about the future of Changxing and Yang Sheng's ability.

It’s just that outsiders and even our families don’t understand or even oppose this kind of thing, so we must achieve results in the shortest possible time and expand the scale of Changxing Industrial to prove that our choice is correct.”

"Okay, let's drink tea instead of wine. Cheers." Yang Wendong said with a smile.

Wei Zetao's words seemed to immediately arouse everyone's mood.

Indeed, from large companies to small companies, there are certain pressures and misunderstandings from friends and relatives. Everyone urgently needs to achieve results quickly to change the perceptions of those around them.

Wei Zetao said with a smile: "Then let's toast to Mr. Yang first and wish him to become a prominent figure in Hong Kong's manufacturing industry as soon as possible."

"Haha, thank you." Yang Wendong said with a smile.

In Hong Kong today, manufacturing is the mainstream of Chinese entrepreneurship, because it is an area where British capital basically has little involvement.

Afterwards, everyone had a good meal and a few drinks. In the afternoon, everyone returned to the company and started their official work.

The place where several people work was newly built. Before interviewing Wei Zetao last month, Yang Wendong cleared out a corner and built a new office.

Fortunately, the production of mouse traps has decreased a lot in recent winter, which has freed up some space in the workshop, but after a few months, it will definitely not be enough.

On Wei Zetao's first day at work, he did not do any management work. Instead, he and several other people looked at some of the company's previous information in more detail.

The next day, I came to Yang Wendong’s small office.

"You finished reading the information yesterday. How do you feel about it?" Yang Wendong asked after handing over a bottle of Coke.

Wei Zetao replied: "The accounts are a bit messy, but not serious. Ms. Wang should be able to sort it out if she spends more time. The main reason is that Changxing Industrial's products are relatively simple and the number of customers is not large.

On the production side, the daily production capacity statistics were incorrect, and the number of warehouses was also inconsistent, with a difference of nearly 8%. In addition, there were some data errors in the inventory management and material collection management of raw materials. "

"Yeah, I know all that." Yang Wendong nodded and said, "You also know that we were just a team of beginners before, and we didn't do many things very well."

This is actually considered modest. If they did not own the patent, have bargaining power and high market demand, an ordinary factory would only have a profit margin of 3 or 5 percentage points and would have gone bankrupt long ago due to chaotic management.

Wei Zetao nodded and said, "In fact, small businesses are all similar. I asked Xiao Zhao, Mr. Yang, you have directed everyone to conduct inventory many times, and you have corrected a lot of data in a timely manner. Otherwise, it would be even more chaotic now."

Yang Wendong smiled and said, "This is all I can do."

Wei Zetao said: "Mr. Zhou is in charge of production now, if we spend more time on this aspect, we should be able to sort it out.

Moreover, the glue extrusion equipment that Mr. Yang asked Dongsheng to make can also count, which will be very convenient for the workshop to calculate production capacity and control costs. I roughly looked at it and found that the biggest cost of the mouse trap is glue. "

Yang Wendong nodded and said, "It's not that I asked for it, it was the people from Dongsheng who saw our process and recommended it themselves.

I guess they probably have similar equipment and just modified it a little bit before giving it to us.”

Wei Zetao said: "Yes, this kind of equipment for extruding glue or some liquids is still very common in some factories in Hong Kong.

Even glue is used by many factories, including those that make toys and small furniture. They should have similar control methods, otherwise the cost of imported glue cannot be controlled at all.”

Yang Wendong also said: "I have never thought of this before. If you had come earlier, you would have thought of it."

Wei Zetao said: "It is possible, but having many professional suppliers provide some solutions is also a way for us to improve efficiency and save costs in our factories."

Yang Wendong said: "Yes, in the future, you should make more use of these suppliers. They are quite professional."

Wei Zetao paused and continued, "The only thing left now is to solve the problem of production capacity. The company's funds are basically used to purchase equipment. Even if we are renting a new factory, we have to borrow money."

Yang Wendong nodded and said, "I know that the Christmas and New Year holidays in the United States are almost over. According to the agreement between me and 3M, they will quickly pay for the goods we shipped during this period."

"Then will the loan you borrowed from them before be used to offset it?" Wei Zetao asked.

Yang Wendong shook his head and said, "No, the loan will be repaid with interest after one year. I also considered that we would need enough funds to operate in the early stage."

Wei Zetao said, "That's good. Given the size of 3M, they should be able to pay on time. This way, we will have a cash flow, and with the contract with 3M, we can convince Liao Chong Hing Bank, which does not have strict control over loans."

"Well, OK, then let's wait until after the 7th." Yang Wendong also said, "It's a good time to sort out the accounts. Although Liao Chongxing Bank doesn't have strict control over loans, this is the first time we've cooperated. Even if they don't have strict control, it's only relative to other banks, so we definitely need to check some information."

"That's no problem. I will work with Ms. Wang to sort out the accounts in the next few days." Wei Zetao agreed.

……

After New Year's Day, the only thing the entire Changxing Industrial Factory did was to work hard on production.

Needless to say, the United States will take as many sticky notes as can be produced.

As for the mouse traps, although it was still winter in Europe and Japan, it was not winter in Southeast Asia. Wei Zetao also used some of his connections to contact a number of traders doing business in Southeast Asia and southern hemisphere countries, and soon sent a large number of samples abroad.

As long as there are results later, I will probably receive a large number of new orders soon, and I can even clear out some of the mouse traps I had specially stocked before...

On January 1, Su Yiyi walked in from outside with a smile.

Yang Wendong asked with a smile: "You are so happy, have you learned a lot from Sister Wang?"

Sister Wang is currently the company's chief financial officer, and she is in charge of the company's accounts. Su Yiyi currently assists her and serves as a cashier. Any small company must have two people in charge of money, otherwise problems are likely to occur. This is a lesson learned from the blood of countless companies over the years.

"I'm still learning, but Sister Wang knows so much, and I have so much to learn." Su Yiyi said obediently: "But I'm not happy about this, but the payment from 3M has arrived."

"Really? The speed is really fast." Yang Wendong was overjoyed after hearing this. He was just waiting for this funding.

Su Yiyi nodded and said, "Liao Chongxing Bank just called to inform us that 3M sent us a check for $1500, which has been deposited into the account. They also asked us if we want to transfer the money.

If they want to transfer money, they need to send it to HSBC for exchange rate settlement. If not, it will be kept in our US dollar account."

"Transfer. Our transactions are still mainly in Hong Kong dollars." Yang Wendong nodded and said.

Although only three British banks have the right to settle foreign exchange in Hong Kong, small Chinese banks can also conduct unified large-amount settlements directly with these three banks.

This saves many Chinese people from having to go to these big banks, and also saves them the trouble of banks like HSBC.

"Okay, I'll call Liao Chong Hing Bank later." Su Yiyi nodded.

Yang Wendong added: "Then tell Lao Wei later that the 3M funds have arrived and we can prepare to go to the bank tomorrow."

Waiting for the check from 3M is actually to confirm that the contract signed between you and 3M is authentic. After all, the bank has no obligation to investigate whether the contract is forged.

However, checks sent from Bank of America or other banks are difficult to forge, and they can also call the other bank to verify.

Of course, there are ways to cheat people out of money. It is said that Hisense Bank, the third largest Chinese bank in Hong Kong in the 80s, was killed by this method...

"I told him when he just came. He said that his information was ready and he was just waiting for this." Su Yiyi said with a smile.

Yang Wendong nodded and said, "That's good. As long as the bank loan is approved, many of our current problems will be solved."

Su Yiyi handed over another document and said, "Brother Dong, we have sorted out all the previous accounts in the past two days, including an inventory at the warehouse. The company's funds and goods have also been updated. Take a look."

"Oh, let me take a look." Yang Wendong smiled. It just so happened that he had a few more professionals under him, and 1958 had already passed, so he also needed clear data on the company's assets.

Of course, now 100% of Changxing Industrial also belongs to him, and these are his personal assets.

Su Yiyi added: "My handwriting is a little ugly, and there may be typos. Let me give you a brief introduction."

"There are indeed typos." Yang Wendong smiled.

Half a year ago, after their financial situation improved, Yang Wendong studied English on his own, while Su Yiyi, Zhao Liming and Lin Haoyu devoted themselves to learning traditional Chinese characters.

Relatively speaking, Yang Wendong's progress was definitely much better. After all, he had a solid foundation in literature in his previous life, and he had only forgotten English. He had also learned it before. After half a year, he was able to communicate with foreigners at a basic level.

However, for someone who doesn’t know any characters, being able to write some common words within half a year is already good enough.

Su Yiyi blushed, and then explained: "Brother Dong, your only property is the location of our current factory. You bought it for 6000 Hong Kong dollars. Sister Wang now values ​​it at 8000 Hong Kong dollars."

"8000? It has increased so much?" Yang Wendong was a little surprised. Although it could not be exchanged for cash, the appreciation of the property still made him feel a little happy.

Chinese people seem to like land and real estate instinctively, otherwise Hong Kong and even the mainland in later generations would not be so obsessed with buying houses and land.

Su Yiyi said: "Yes, Sister Wang said that the land prices in Hong Kong have increased a lot in the past six months, and venues in independent areas like ours seem to be more popular."

"Well, it's a good thing that we bought at the right time." Yang Wendong nodded. The Hong Kong real estate market began to recover in 1958, and when he bought at that time, it seemed to be at its lowest point.

Su Yiyi added: "As for liabilities, the company currently owes 3M $3.

In terms of non-fixed assets, Sister Wang valued our equipment over a five-year period, with a total price of about HK$5. However, if this type of equipment is actually sold, it is different from a factory building and cannot be sold at a high price. "

"I know that." Yang Wendong nodded. A commonly used injection molding machine might be sold for a certain price, but this kind of specially customized equipment could only be sold as scrap metal.

However, their value lies in the future. If we can produce sticky notes continuously, it will be extremely high wealth, but it cannot be included in the statistics now.

Su Yiyi continued, "The remaining funds are the funds in our account. After deducting the final payment for the equipment to be paid to Dongsheng, there is still 3.6 Hong Kong dollars, including the 3M payment of 1500 US dollars that has just been credited.

As well as a lot of goods that are still being shipped to the United States, they will also be converted into cash in the future, the amounts are... "

"Well, the expenses in recent period are indeed quite high." Yang Wendong listened carefully.

The main reason was that I had purchased equipment from Japan on my own, and the mousetrap was not easy to sell in winter, which led to inventory losses. Fortunately, I earned 40,000 to 50,000 Hong Kong dollars in the summer, which was enough to support me for a while.

However, these investments will only have a short-term impact on the company's profits. In a few months, it will surely achieve substantial profits.

Su Yiyi then laughed and said, “This is finally the inventory of our warehouse. Cardboard, glue, and paper are the raw materials, with a value of more than HK$7000;
There are almost no finished sticky notes. They all need to be shipped after they are produced. We now have about 16 sticky mouse boards in stock.”

"Well, let's wait for the weather to get better and clear out the stock of mousetrap boards, and then our funds will be much better." Yang Wendong nodded and said.

Companies that sell seasonal products generally have to advance money to stock up during the off-season.

Otherwise, when the demand is high, it will be too late to produce. After all, equipment and people cannot hibernate, and production must be carried out even in winter.

As long as the peak season arrives, a large amount of funds can be recovered, and how much goods to store depends on the financial strength.

Su Yiyi smiled and said, "Under normal circumstances, this is the case, but Brother Dong, you have to prepare for a big move, and the funds returned from the mouse trap are far from enough."

"Yes, it depends on the bank tomorrow." Yang Wendong nodded.

After a year in this era, he has his own business and small property. Although it is not a lot, it has taken shape and can reach a very high position with gradual development.

Of course, this asset statistics actually omits the most valuable things, which are the patents for sticky notes, mouse traps and fly traps.

It's just that this value cannot be calculated. He thinks that the patent of the sticky note is worth hundreds of millions of dollars. But people of this era, even 3M, would probably think he is crazy when they hear this price.
PS: Our book homepage also has the mark of "10,000 new posts per day", hehe...

Please give me monthly tickets and recommendation tickets!
(End of this chapter)