Chapter 183 Fairies in China

Critics may exaggerate, but at least they have come up with the fact that the fairy's domestic development is not good enough, which is not in line with her status in the Chinese economy. As a star company, she has not maintained enough strength. Whether it is her international rivals (here mainly referring to Far East enterprises), or domestic partners or rivals, she does not seem to have done her best, at least not making full use of social resources to strive for better market results. Even Japanese companies, in public The company's internal report also admitted this matter! Fairy has never been a benevolent master. As a commercial company, of course, she should try her best to maintain her own profits. Only by defeating her opponents in the market can she be a real business success and a real business strong. So what is the reason for the "weakness" of Fairy Company?

Li's domestic industry involves 12 industries such as real estate, commerce, electronics, new materials, biotechnology, banking, steel, textile, food, basic parts, energy and automobiles. Among them, the strength of automobile companies is relatively weak, and the shareholding is relatively small, which is basically negligible, and the strength of energy companies is also No, even barely self-insurance is not enough. In the old industries such as steel and textiles, she basically adopts let-faire measures. No matter what, it's fine as you have to make money. In this economic crisis, eight textile companies have been merged with peers (under the auspices of the government), and four companies have closed down. Fortunately, the merged companies are also owned by fairies. The company can be said to have not lost much, and there is no big impact. It's just losing some money. The remaining eight major industry companies are Li's relatively important industries. Among them, the assets of commercial companies and basic parts companies are relatively small, which has little impact on the overall situation. What Li's management really cares about is the six major industries of Fairy's electronics, new materials, biotechnology, banking and food, and Xixing's real estate. Due to real estate The recession is sluggish, hard-working and has no income. In fact, it is not paid attention to by everyone. During the whole economic crisis, only the five major industries of fairies can make money. Of course, it is also these major industries that spend more money. Nowadays, the five major industries of fairies have a total assets of more than 4.4 trillion yuan, which can be called the leading consortium in China, and even in the world, it is also the top consortium (the world's wealth ranks in 6th place). It should be said that a large consortium should have the temperament of a large consortium and should be able to make money, especially in difficult times, the more it should be able to make money, but the actual situation is not so!

Fairies also have their own difficulties. Every family has a difficult experience, and fairies can't avoid it. Among the company's five major industries, the four major industries have relatively strong assets; in fact, only the four major industries are really in better condition. The so-called four major industries, electronics companies and new materials companies are the original industries, and the company is also more assured of these industries. The banking industry is "sitting on the ground to divide the stolen goods" and the profits are also relatively high. Although the food company said that the situation at the time of acquisition is relatively poor, it has made it difficult for its opponents because of the "reluctance" of the acquisition and got some comparison. For better assets, most of the debts are separated, and most of the arrears do not belong to fairies. Just invest in production, so the business situation is also good.

What bothers the fairy is the five branches of biotechnology. The scale of these companies is not small, but the company's situation is different, and the arrears and debts are different! Fairies like to acquire international companies. They can ask them for a sky-high price, say that the arrears are very serious, and blow the debt higher than the sky, but it doesn't work for domestic counterparts. They don't eat fairies at all, and they can't eat it. When Jing'an Company was acquired, all the arrears and debts were stripped, becoming the tail of Yamazaki Company in China. Anyway, Japan is not far from China, and the company can't leave! Because the United States is too far away from China, the fairy intercepted some of Huron's book funds as debt compensation. Naturally, it is also difficult to advocate the recovery of arrears. In general, the two companies will not lose money. But the other three companies are different. If Jintong Biotechnology Company is not acquired by the fairy, they will try to file for bankruptcy. The company's large amount of arrears cannot be recovered, and a large number of debts need to be repaid urgently. Although the funds acquired by the fairy are not much, the debts and arrears are received and actually taken over. With the burden, Jiujiang Biotechnology is almost the same. The fairy has inherited nearly 100 billion yuan of debt from these two companies, although theoretically, there are also 130 billion yuan in arrears that can be recovered. Although she said that if she could recover the 100 billion yuan in arrears, she would not lose money and earn 20 billion yuan, the fairy has never been prepared for this psychologically! Longjia Biotechnology Company is integrated with Longjia New Materials Company. Longjia Group is too tired to play with two industries, so she thought of the fairy. She originally wanted to transfer the new materials company, but the fairy looked down on it, because there are too many overlapping industries on the two sides, and there is nothing else to ask for except the biotechnology company! Longjia reluctantly let go of the biotechnology company. Although this is one of her main industries, the fairy paid a lot for it. The debt of 70 billion yuan was taken over, and the debt of 80 billion yuan was also divided by a 60% recovery rate. In fact, it was in a state of loss! In these three companies alone, the fairy has increased the debt of 170 billion yuan and the arrears of 200 billion yuan. It can be said that she has never been so cowardly, which is also an important reason why they are unwilling to stay in China.

People always take it for granted how rich the fairy company is, but they don't know how poor the company is! Since injecting 50 billion yuan into biotechnology companies, by the end of 1937, the book funds were only 20 billion yuan, which was their last available capital. Finance Minister Luo Ning was so scared that he quickly asked the boss for instructions. Of course, he hoped to withdraw funds from various subsidiaries. If his opponents knew that the company had become so poor, they would definitely take the opportunity to make trouble! After the emergency financial allocation, the total book funds reached 70 billion yuan, but at this time, the whole company system only had a net fund of more than 200 billion yuan, which made the head of the headquarters feel that there were more and less. Because her financial resources are not strong, she can't do too much. Of course, she is very clear about the financial situation of her opponents, especially large Japanese companies. With the funds she released by herself, the three giants have reached 510 billion yuan. These companies are not easy to deal with, and she dares to compete with others. The fairy does not compete with each other, which also makes it difficult for Japanese companies to give full play to their financial advantages, which protects the company itself to some extent! Whether it is her funding or exploitation, the fairy's domestic industry does not compete in the market with great fanfare. Not only that, she also attracted many kinds of domestic counterparts to compete for the market, and to a considerable extent, she gave up her market to her domestic counterparts. According to the internal statistics of fairies, if the company competes with international companies alone, the revenue can be increased by at least 20%. Although the overall interests of the consortium have been improved, as the largest domestic company, they have lost more. Together with her domestic counterparts, she used bank loans to develop technology, seize the market, launched a life-and-death duel with her international counterparts, and finally transferred part of her interests to her domestic counterparts. No one really knows why the fairy did this. Although everyone knows that she is by no means a soft-hearted company, and she has never been soft-hearted in front of her domestic counterparts. She just grew up on the tired bones of her peers, but why is she so "kind" this time?

There are three reasons that can explain the fairy's behavior. One is that one of her companies can't compete with the association of international peers. She has this self-aknowledge. Although she has the capital to fight, it costs too much, especially if she will directly complain, which is not in line with the fairy's market strategy. Second, she intends to join hands with her domestic counterparts. If she competes with international companies alone, then other domestic companies will either bear the suffering of the fish, or form another powerful consortium to protect themselves or participate in the melee. For this regard, she decided to take the initiative to form a powerful consortium and take it as their own. The leader not only avoids the risk of fighting alone, but also takes appropriate care of domestic counterparts. Third, she had to join hands with domestic companies in exchange for maximizing the interests of the company. The Battle of the Far East is a national war, which is related to the survival of the enterprises of the three countries. Each country is not only composed of a few giants. There are many large and small companies. Even giants like Matsumoto often bring domestic large and small companies to fight together in international competition, so why not fairies? Is that okay? In fact, many people also asked her to do so. In order to make it easier to obtain low-interest loans from banks, especially the controversial investment in loans in India, just as a good statement to the power department, she had to join hands with her previous opponents and had to change her isolation at home. All! Fourth, and the most important point may also be from the internal opinion of the Li family. She intends to maintain the "market balance" of domestic enterprises, which can be felt more clearly from her future behavior. An important activity principle of future fairies is to maintain the balance of power in China, avoid their own family's "dominance", and prevent the emergence of new powerful forces!

The reason why the fairy's yield is relatively low is also related to its domestic industrial composition. The economic crisis has caused a depression in hundreds of industries, and social demand is more than one, and most industries have serious losses. Fairy's industry is relatively concentrated, and the manufacturing industry is concentrated in the three major industries, which is her obvious advantage and can also be said to be a serious deficiency. The three major industries are recognized as more profitable industries, but there is not always a market. The demand of the electronics industry has basically maintained the same growth with the market. Because biotechnology is closely related to people's livelihood, the growth is also relatively fast, but people dare not consume, about 20% behind the market recovery rate. Left and right. The social demand for new materials in another major industry has been relatively weak, and the recovery speed has not been able to keep up. By the end of 39, it had only recovered 40%, which made the company's profit relatively low, the market price could not rise, and the competition was very fierce. In 37 years, her income was one more than that of a biotechnology company. However, in the second year, it is not as good as the newly established biotechnology company, and by the 39th year, it is far behind. These three major industries are the areas where market losses are concentrated, and the legendary company can be said to be justifiable. Relatively speaking, the rate of return of food companies is the highest. Although food prices have also fallen a lot, the whole company has entered a stage of benign development, which makes some people at the headquarters have to look at it with new eyes. You know, this industry is the industry they have been refusing to enter; compared with its small scale, one year It is not a simple thing to be able to collect 20 billion profits. So should we continue to increase investment? Some leaders have begun to plan and make a situation analysis statement... But the most profitable industry is the banking industry, which is the fairy's biggest cash cow. In just a few years, she has loaned thousands of loans. 100 million yuan, in someone's words, with such a backhand, tens of billions of yuan will be gone! Fairy's subsidiaries have made large loans to banks, with short-term loans reaching more than 500 billion yuan. Although these loans do not go through the headquarters, they also make someone feel scared, saying that their loans are "too fierce" and "not cost-effective".

Compared with the fairy, Xixing's industry is even worse, and the real estate has shrunk by nearly half. The situation of the trading companies under the investment company is even worse, and the asset shrinkage is very serious. However, due to the support of the fairy behind it, it has not gone bankrupt, and in fact cannot go bankrupt. These companies have been punished by Xu Peng. After all, most of the companies that are not favored, especially those that are not controlled, have been sold. The companies left behind do not owe much money and basically do not have much debt, but Xixing is spending money, and it is the company that spends the most money! Xu Gangchuan's investment plan had been handed in before the economic crisis, but the fairy headquarters had never given a reply, which was neither affirmed nor rejected. He was so anxious that he rushed up and down. The toss made his wife upset. Of course, he didn't know that anyone was more embarrassed, all the way to the economy. When the crisis broke out, I got a reply, which was also very simple. "The situation has changed, and the plan is no longer suitable. Do it again." Of course, Xu Gangchuan knew that the previous plan was no longer suitable. Who knew that there would be an economic crisis? "Who knew that the perverted Uncle Li was waiting for the economic crisis?" So he gave up the previous investment plan and formulated a new investment plan instead, which was a larger investment plan, and then submitted the plan again. It was given to the fairy headquarters.

It's a little funny to say that Xixing Investment and Management Company belongs to the West Galaxy, but his investment plan has to be submitted to the fairy headquarters for evaluation. Only a "perverted person" like Li Mengze will be distributed like this. According to Li Yudong's opinion, the investment and management company is simply Withdrawn, all its companies are transferred to Fairy, and it is also convenient to manage. Xixing just concentrate on real estate, but Li Mengze did not agree, saying that Xixing can only expand, can't shrink, and a company can't move over! Therefore, Xu Gangchuan, a senior manager of the investment and management company, submitted the investment plan to the fairy headquarters for evaluation, and then the head office allocated such a funny thing, but anyway, Xu Gangchuan got the investment authority and investment funds he needed! The previous investment funds were allocated from the account of General Xixing Company, about 25 billion yuan, most of which were used to acquire real estate. What is ridiculous is that his business investment plan first needs a large number of real estate. These real estates are mostly commercial buildings. Originally, it was the investment company's own business, but it was finally completed by the head office. The shops rented by the commercial company are completely the real estate of the head office, and these properties belong to the head office, some belong to the Beijing branch, and some belong to Donglin Real Estate Company. The whole company's business and the real estate system of the head office intersect. In fact, most of the commercial companies of investment and management companies are established according to the real estate of the head office. The first cooperative company was established in this way, and most companies were also established in this way. Now it has become a practice! Just like fairy companies will not have real estate, investment and management companies will not have real estate, and they are more thorough. Even the headquarters building is rented by the head office! For that, Xu Gangchuan has no intention to object, because these things can't become a problem at all. Whether it is Fairy Company or Xixing Company, it is a whole in itself, and the investment and management company is completely controlled by the head office. They are a perfect consortium! What Xu Gangchuan has to do is to point out the building he needs, make an acquisition by the head office, and then carry out his business planning in his own building. Of course, this involves the problem of money, because the amount of his investment is no longer what Xixing Company can pay on the books now!

Fairy makes full use of her dominant position in China, and this is her status as a major shareholder of the bank. Fairy is a major shareholder of the two major banks. She has injected a large amount of funds into these banks, so she is short of money now. What should she do? "loan from the bank"! Fairies' loans from banks are divided into two parts. One is the liquidity urgently needed by domestic companies, and the other is the funds needed for foreign investment. The former is loaned by each company itself, generally a subsidiary loan, and then distributed to each branch, which is not directly related to the headquarters. Of course, they can also take it in the name of the headquarters. Other subsidiaries pay low, which is generally not necessary, because each subsidiary has multiple branches. For example, there are 14 branches under the electronics company and 8 branches under the new materials company. The loans of Fairy Headquarters are also an important aspect. Unlike the short-term loans of various subsidiaries, these loans are long-term low-interest loans, which not only have low interest rates, but also have a long life.

The first loan of the fairy headquarters was loaned from Deutsche Bank of Europe on March 14, 37, with a total amount of 150 billion yuan, and the interest rate was very low. This is the funds obtained in accordance with the agreement she signed with the European Union and the abandonment of the energy strategy obtained from Europe. A compensation; the second loan was loaned from China's Industrial Bank on April 20, 37, with a total amount of 50 billion yuan and a term of four years, with a slightly higher interest rate than the loan at Deutsche Bank. At the beginning of July, the fairy borrowed another 100 billion yuan from ICBC, and the interest rate and term were the same as the previous loan. Then she borrowed the remaining 130 billion yuan from Deutsche Bank. This was the fourth low-interest loan that the fairy got. It was not until the end of the year, she never borrowed money from the bank. According to statistics, a total of 430 billion yuan was lent from two banks this year, of which 300 billion yuan was invested in the Indian market. On March 2, 38, Fairy borrowed 150 billion yuan from the Bank of China, with the same interest rate as the Industrial and Commercial Bank of China, and then borrowed 120 billion yuan in July. Three months later, she borrowed 130 billion yuan from the Industrial and Commercial Bank of China. During the whole year, she borrowed 400 billion yuan from two major banks in three batches. Basically, they are all invested in the Indian market. On April 6, 39, the third loan was loaned from the Bank of China, which was also the eighth long-term loan of Fairy, with a total of 150 billion yuan. This was used to pay for the contract funds of the Hindustan Railway Company and the Bank. In October, another 160 billion yuan was borrowed from the Industrial and Commercial Bank of China, all of which were used for investment printing. The two major institutions. So far, Fairy has borrowed a total of 1.14 trillion yuan from the three major banks, all of which are used for her investments in India and Europe. These funds are all four-year long-term loans. Among them, the loan interest rates in Europe are generally low, and all loan interest rates are lower than the short-term loan interest rates, and even lower than most. The long-term loan interest rate of the branch.

The fairy is the world's leading debtor, and she is the only one in the world who has borrowed such a huge amount of money with such a low interest rate. Of course, it will not be easy for anyone to have so many bank loans. If they really can't pay it back on that day, the bank will never be "soft-hearted". These loans will be returned one after another, and depending on the current situation, it is almost impossible to return them in advance. According to internal statistics, the company will return a total of 321.3 billion yuan of loan funds and interest to Deutsche Bank in 41 years, of which 17.21.13 billion yuan will be paid in the first half of the year. In the same year, it will also be paid to the Industrial and Commercial Bank of China 17 6.1 billion yuan, with a total loan principal and interest of 490.4 billion yuan to be paid throughout the year. In the second year, a total of 46.97466 billion yuan of loan principal and interest will be paid. In 43 years, the previous loans can be fully paid off. The interest will reach 49.874 billion yuan, with a total of 359.874 billion yuan. In three years, a total of 18,702 billion yuan of loan interest will be paid to the three major banks, with an average Interest of 16.4 billion yuan per 100 billion yuan. Some people at the headquarters are very distressed about this, "more than 60 billion yuan per year"! The loans of Fairy Company in the three major banks are the company's industries. The two loans in Europe are all mortgaged by the shares of Mesey Electronics, while the seven domestic loans are mortgaged back and forth with its domestic industry.

Fairy's investment strategy is inclined to India, so it is generally not to withdraw funds from Indian companies. The task of Indian enterprises is to explore the Indian market and increase their dominant position in the four major industries. Therefore, these loans are mainly repaid by domestic companies. By the end of 39, Fairy Company had accumulated a total of about 700 billion yuan in profits. Considering the investment and risks of each company, the overall situation was still quite tense. By the beginning of 1940, the headquarters had 200 billion yuan of funds, and the rest was mainly distributed in the hands of the three major industries and Xixing Company, each company. The company does not have much reserve funds. Of course, these situations are not known to the outside world. Fairy's income in the domestic industry is not good, but the industrial profit in Europe is "quite good". In the acquisition of Sisko Biotechnology Company, Fairy only spent 90 billion yuan. In addition to paying 25 billion yuan in debt, it re-injected 15 billion yuan of working capital. Although this money is not much, it is enough to make the company run. In addition, the debt pressure is relatively light, and it is very convenient to use bank loans for its own development. Since the beginning of production in March 37, it has relied on the original market and the social advantages of headquarters partners to rapidly expand its business. Because the head office and The company's management strategy and staffing have not been changed, and the internal changes are very small, maintaining a faster recovery rate than the market. Moreover, due to the better environment of the market, profits are rising steadily. For example, in 37 years, the after-tax profit of the company with assets of only 100 billion yuan reached 20 billion yuan, and in the second year, it exceeded 35 billion yuan, almost doubling, which made European peers exclaim. By the end of 39, the market value of the biotechnology company, which was on the rise had reached 24. With 1 billion yuan and a total profit of 110 billion yuan, it is rated as one of the richest companies in Europe. Compared with the strength of the company, some of her competitors are relatively weak. The Belgian company that the fairy once contacted has not been completely out of the crisis and has not been able to get corresponding benefits from the European market. At this time, the fairy's stranded profit share (Messe Electronics) has reached 12.2 billion euros, so just a few days before the traditional Chinese Spring Festival, the fairy withdrew 20 billion yuan from Sisco's account, and the profit share of the contracted Messe Electronics Company (a total of 15 billion euros) was all invested in France. Doyle Aircraft Company holds a total of 21% of the company, maintaining its investment in the European market! On the whole, Fairy Company's profit is so much. Of course, she recovered a large amount of arrears in India. It is said that by the end of 39, all the arrears that could be recovered in the early stage had been recovered. Not only after repaying the debt, but also 55 billion yuan remained, which was able to maintain the normal operation of the Indian industry!