Volume 7 I've Been Here Chapter 1027 Capital Black Butterfly
After a long while, Zhang Yuehua said softly, "I choose to stay."
Nan Yi patted the financial documents again, "Is everything here?"
"All ready."
"Okay, you leave work early today, and tomorrow you will be back..." Nan Yi thought that the next day was Saturday, so he changed his words and said, "Come back the day after tomorrow. The country has already started to implement a two-day weekend, and our factory must follow the national policy."
Zhang Yuehua's eyelashes trembled, and when she turned to leave, she thought that it might not be a bad idea to change the boss.
Nan Yi was not in a hurry to check the accounts. After putting away the financial documents, he went to the sewing workshop. Boji was only a small factory with a hundred people, but it had two completely unrelated business lines. He wanted to cut off the clothing processing business and focus on small hardware processing.
After walking around the workshop, Nan Yi found that he had thought too much. There were 45 workers in total in the workshop, 3 men and 42 women, only 5 of them were normal people, and most of the others had leg disabilities. A small number were deaf-mute people with healthy limbs. Most of them were between 20 and 30 years old, and they were all very efficient at their work.
It is definitely not appropriate to transfer skilled sewing workers to work on small hardware and make them learn the skills from scratch. Besides, most of them are girls, and it is already difficult for them to find a partner because of their disabilities. It will be even more difficult if their delicate hands are roughened.
It cannot be cut down, so it can only be split up. The Boji Welfare Factory should be split into two branches: Boji Small Hardware Factory and Boji Garment Processing Factory. Nan Yi pondered in his mind and took a look at the small hardware workshop. The situation here was the opposite of that in the sewing workshop. Among the 57 workers, only 19 were disabled, and the rest were normal people who were older.
After returning to the office and flipping through the roster left by Hong Liqin, Nan Yi discovered that the normal people in the small hardware workshop were not quite normal. Most of them were transferred here after the street factories went bankrupt. They would go to work in the street factories, and their family conditions were usually not much better.
"The workers at Qingqing Boji are either disabled or in financial difficulty."
Nan Yi put down the roster and rubbed his temple. His idea of reducing the number of normal people and increasing the proportion of disabled people became a fantasy.
We can’t cut back, so we can only find ways to expand the scale of the factory.
"First, sort out the internal problems; second, maintain relationships with old customers and inform them of the change of employer; third, go to the Disabled Persons' Federation and cry poor to ask for policy support. If they don't give it, report every day; if they do, beat drums and gongs and present banners; another very important point is to find a capable factory manager, with disabled people given priority, and those who can spot abnormalities at a glance given priority, so that they can be used as models and appear on TV in the future."
Nan Yi quickly sorted out what needed to be done and asked Tiger Cub to go out and buy red paper, brushes and other items. A "People's Peace List" was soon completed. It had three core points: the new boss was stupid and had a lot of money, so there was no need to worry about being fired, let alone not getting paid; the summer solstice would be here soon, and the factory would soon issue high temperature subsidies, both in terms of money and materials; a business skills competition would be held on a certain day, and the champion, runner-up and third place winners would be rewarded with one thousand, five hundred and two hundred respectively.
The first two points are aimed at reassuring the workers, and the third point is to make the workers behave themselves. The competition items are naturally the workers' daily work content, such as sewing 3 pieces of clothing, making 10 hinges, and ranking them according to speed. Then the speed of the champion, runner-up and third place are averaged to calculate the average speed of one day's output.
Reducing output by 20% or 30% should be a worker's normal daily output, but workers certainly cannot achieve this output. After all, people are not machines. Slacking off, being distracted, going to the toilet, etc. will all affect output.
Nan Yi does not require workers to reach the "should output", but just wants them to understand that their daily output is not up to standard, but they can get excess wages for unqualified work. They should have some understanding of the relationship between the factory and individuals.
There is no count. The future factory manager will give limited reminders. It cannot be mentioned too frequently, as it may easily arouse rebellious psychology.
After the public security notice was posted at the gate, Nan Yi asked Tianxian to take the roster and measure the workers' measurements under the pretext of custom-making work uniforms. Custom-making work uniforms was only the superficial purpose, the real purpose was to recognize people and match the names with the real people one by one, and then take Nan Yi to recognize them again secretly.
In the existing arrangements, Nan Yi still has a big drama to perform that requires him to keep every worker in mind.
There was a public toilet with a septic tank that was not connected to the sewer; a canteen that could only steam rice but not provide any vegetables; a washbasin with only three faucets; and a bathroom with only one faucet, no gender distinction, and no hot water. Nan Yi took a tour of the cramped and somewhat historic factory, remembering the areas that needed improvement one by one.
Then he found a high point to look into the distance, and took out the map to study it carefully, and came to a conclusion - as long as he bought the building and land where the factory was located, and held on a little, he could make a small profit of several hundred million from this deal.
Just as Nan Yi had assumed before, the site of the Boji Welfare Factory is very suitable for building three high-rise residential buildings with a good floor area ratio. The only uncertainty is whether the urban construction plan allows the construction of high-rise buildings here.
After standing on the high place for a while, Nan Yi took the tiger cub and left the Boji Welfare Factory. On the way back to Dongfeng Hotel, Nan Yi called Chen Dan and told him about the idea of "high-rise residential building". The other party asked him to meet at the Huxinting Tea House in the evening to talk.
When he returned to Dongfeng Hotel, Leng Yan and Chen Wenqin were already waiting in his room.
"Hey, classmate Leng, you've been in love for several years. When can I drink your wedding wine?" Nan Yi took a bottle of water from the refrigerator, opened it and took a sip, then walked over to Leng Yan and sat down next to her.
"You're not my mother, why do you care about this? I'm fine the way I am now. If we get along well, we can stay together. If we're unhappy one day, it will be easy to break up without that certificate to tie us down." Leng Yan said nonchalantly.
"Okay, you're awesome and fashionable. If you don't want to talk about it, then we won't talk about it." Nan Yi bumped Leng Yan's arm, "Has the contract been signed?"
"Signed, 5 million, 25% of the shares. Teng Bilian will provide assistance to Huxing in the future in reagent approval and market."
"That's as it should be. This deal is not bad. Hu Xing has Hu Dan backing it up, and with our help, its future development won't be too bad." Nan Yi turned to look at Leng Yan and said with a smile, "What do you think? I'm a very nice old classmate, right? Shouldn't you show some appreciation?"
Leng Yan rolled her eyes at Nan Yi and said tauntingly, "Even if I am willing, do you dare?"
"Ha, you've learned bad habits. I just started it, and you think about it that way. Stop it. I'm not interested in your body. Some time ago, I thought about opening a quiet bar in Sanlitun. If you have nothing to do in the evening, you can go there and sit. I have too many things to do and can't worry about it. I'll leave the quiet bar to you. You can run it and sell me some shares."
"Do you personally own a house in Sanlitun?"
Leng Yan was Nan Yi’s former personal secretary and was familiar with Nan Yi’s style.
"No."
Leng Yan seemed to be thinking about something. Maybe Nan Yi asking her to keep quiet was just an excuse. Buying a house was the main point.
"Want to buy it?"
"Buy it. There are signs that it will become a bar district. Once a lot of bars gather there, you can make a lot of money every year by collecting rent."
"I put all the money you gave me in PY Securities. I didn't save much from the dividends from Shengchen Pharmaceutical over the years." Leng Yan said awkwardly.
Nan Yi curled his lips and said, "You are quite good at spending money. I give you a large dividend every year. Don't expect me to advance money to you again. Shengchen Pharmaceutical is a high-quality enterprise. You can use your shares to mortgage the bank."
Although Leng Yan is no longer Nan Yi's personal secretary, she still continues to receive dividends from Nan Yi's personal foreign investments that she presided over during her tenure. The amount is not much, only a few hundred thousand US dollars a year.
The most successful investment during Leng Yan's period, "Nanguan 010", had long been cashed out, and the only thing left was Shengchen Pharmaceutical. Leng Yan had already acquired a considerable number of shares, and she would not enjoy any dividends from Nan Yi's personal share.
"mean."
"Hehe, flight tomorrow morning?"
"I have a flight tonight, and I have to receive a client from Pakistan tomorrow afternoon. We have been in contact for almost half a year, and finally entered into substantive negotiations. I can't be absent." Leng Yan said, stretching lazily, "I'm busy all the time, I really want to take a long vacation. By the way, I haven't asked you, will you intervene in the vitamin C war?"
Nan Yi glanced at Leng Yan and said, "Do you think I can stay out of this?"
The profit of vitamin C raw materials is not high, and most pharmaceutical companies are reluctant to touch it, but not all pharmaceutical companies do not touch it. The earliest method for industrial mass production of vitamin C, the "Reitsch process", was invented by Swiss chemist Reitschtein, and the patent for this method was sold to Roche Pharmaceuticals.
Nan Yi has only been eyeing vitamin C for a few years, but Roche Pharmaceuticals has been controlling the vitamin C market for more than sixty years.
In the early days, 70% of the vitamin C market was controlled by Roche Pharmaceuticals. In the 1970s, Roche joined forces with BASF Chemicals, Takeda Pharmaceuticals and other well-known vitamin C manufacturers to form a "Vitamin C Alliance", which gradually pushed up the price of vitamin C.
In 1980, China used biological oxidation instead of chemical oxidation to create a lower-cost method for artificially synthesizing vitamin C, the "two-step fermentation method."
In 1986, Roche Pharmaceuticals, which had already entered China, smelled the scent and came. It bought the right to use the two-step fermentation method (excluding China) for US$5.5 million, and then left it there to gather dust. It did not use it to replace the outdated Reitman process, nor did it resell it to friendly companies in the alliance.
The reason is simple. If low-cost production methods are used, it cannot be concealed. The tax authorities are not vegetarians, and the commercial spies of competitors are not vegetarians. Naturally, someone will expose it, which is not conducive to pushing up the price of vitamin C.
It would be much easier to just leave it alone and use the excuse that the cost of modifying the production line is too high.
To put it bluntly, Roche Pharmaceuticals wants to suppress the production capacity of vitamin C to prevent the global supply from being too large. Scarcity makes things valuable, and once this thing becomes rampant, it will be impossible to push up the price.
Under the manipulation of the Vitamin C Alliance, the price of vitamin C soared from US$4/kg in 1973 to US$15/kg in 1992, and then to US$22/kg last year. The main credit for the rapid increase in the past two years should be attributed to Nan Yi.
The domestic production capacity that has skyrocketed in the past two years will definitely be vented to overseas markets. In order to compete for the vitamin C market, domestic pharmaceutical companies will inevitably have to fight with the Vitamin C Alliance. With G2B swallowing up most of the domestic production capacity, the fight that should have been fought naturally did not take place.
But it will be over soon. G2B can no longer handle the new production capacity that emerged in the second half of last year. Even with cooperating companies, they will not give the expanded production capacity to G2B, but will go overseas to find customers on their own.
There are still many smart people. Seeing that the international prices are so high, G2B has become a profiteer, and they are going overseas to look for new customers. If it were not for the contract, the production capacity that G2B can absorb would not only not increase, but would shrink a lot.
Leng Yan asked curiously: "So what are you going to do to get the price down?"
"Oh, I'm more like I'm sick. North America and Europe are the main sales markets for vitamin C. The low-priced domestic vitamin C has taken over the market. The Vitamin C Alliance will definitely take action. What do you think they will do?"
Leng Yan thought for a moment and said, "If you hurt the enemy, you will lose eight hundred of your own money. We will lower the price step by step until it is below cost. The strength of the vitamin C production plants newly established in China in the past two years is very average. The funds for establishing production lines are mostly loans. If they lose money in the first half of the year, they will fall into a situation where they can't sustain themselves. If the low price is maintained for a year, most of the plants will go bankrupt."
Nan Yi chuckled, "Since you know the situation, you still asked me if I should lower the price. I have no grudge against domestic manufacturers, so why would I go against them? It's just that I lose more than 100 million US dollars every year, and they don't appreciate the price of vitamin C. Well, I can just sit back and watch the fight until they decide the winner."
Leng Yan's mind raced again, "Are you waiting for the U.S. Department of Justice to issue a sky-high fine?"
"Smart, domestic pharmaceutical companies can't afford a price war, the flames of war can only be ignited by the Vitamin C Alliance, they have strong capital and can afford the loss." Nan Yi laughed sinisterly, "Roche Pharmaceuticals is the leader, the ticket will definitely fall on it, it is a Swiss company, not in the EU, so, the ticket will not be just from the United States."
"G2B is already colluding?"
"It's a business secret. Don't ask so many questions." Nan Yi replied perfunctorily, muttering in his heart: "It would be great if Wenqin was half as smart as Lengyan."
"You're so stingy. You can say whatever you want." Leng Yan frowned and spat.
"Stand up and treat me to a meal. I've known you for more than ten years and have never had a meal you treated me to. You have to treat me to a meal today." Nan Yi stood up and said.
"How can you let a woman treat you?"
"I'm thick-skinned."
Leng Yan rolled her eyes at Nan Yi, stood up and said, "I really can't do anything about you."
After having dinner together, Nan Yi sent Leng Yan to the airport. He watched her pass the security check before leaving the airport to keep a date with Chen Dan.
…
Silicon Valley, Silicon Valley, this word was created in 1971. It was not until the 1980s that Silicon Valley became a benchmark for semiconductors and high-tech. Companies in the Silicon Valley also began to take advantage of the popularity and added the word "Silicon" to their company names. There are many companies in Silicon Valley named "Silicon" Power, "Silicon" Technology, "Silicon" ×× and so on.
Some are more thorough and directly include the word "Silicon Valley", such as Silicon Valley Bank.
In the 1970s and 1980s, Silicon Valley gradually became a paradise for American entrepreneurs. People here are brave enough to take risks and are not afraid of failure. Capital and talent gather here. There are many startups here that are in urgent need of funds to turn technological inventions or business start-ups from imagination into reality. However, it is difficult for traditional commercial banks to explore the development prospects of emerging technology companies. In addition, there are not many fixed assets that can be mortgaged in the early stage, so it is difficult for startups to obtain loans from traditional banks.
The market is in urgent need of a professional commercial bank that can understand the development logic of technology companies to help start-ups grow and fill the gap in the market. In the wave of entrepreneurship and investment, the founders of the richest man Wei Ye and Silicon Valley Bank discovered market opportunities.
There is no need to say much about the richest man Wei Ye. After separating from Pan American Investment Holdings and becoming an independent entity, its business model has shifted to an investment bank. Although the word "bank" is not in its name, it is an investment bank.
Silicon Valley Bank was founded almost at the same time as the Richest Man Bank. At that time, Roger Smith and Bill Biggerstaff from Wells Fargo, and Robert Medearis, a professor at Stanford University, perhaps because they saw the good model of the Richest Man Bank, or perhaps because they had the same views as Nan Yi Yingxiong, the three of them hit it off and founded Silicon Valley Bank.
In the early days, Silicon Valley Bank was a commercial bank with technological characteristics. In addition to traditional commercial banking business, it also pioneered technology enterprise credit business. Through its unique shareholder background and customer relationship building, Silicon Valley Bank gradually gained brand awareness.
Silicon Valley Bank understands that if it wants to achieve success in technology enterprise lending, it must act like a venture capital firm and must learn from and rely on the rich customer resources and industry experience of existing venture capital firms in Silicon Valley.
In order to deepen its ties with Silicon Valley venture capital firms and technology companies, without a rich marketing budget, the bank's founders actively promoted themselves in the early days and used their personal connections to build the Silicon Valley Bank's brand.
First, by recruiting well-known Silicon Valley entrepreneurs and activists to invest in Silicon Valley Bank, the company established interest ties with major Silicon Valley companies, which became the bank's earliest customer group.
Interestingly, the process of Silicon Valley Bank's founders recruiting investors was mostly completed in Silicon Valley poker group activities. In the end, everyone in the group invested at least $10,000 in Silicon Valley Bank and became one of the founders of Silicon Valley Bank.
Finally, Silicon Valley Bank was founded with $5 million from 100 founders. At that time, no other company had so many founders.
The special number of "100 founders" and the story of the poker game have been talked about in Silicon Valley ever since, and have served as an advertisement for Silicon Valley Bank. This group of shareholders also provided the earliest business resources for Silicon Valley Bank, allowing it to quickly become profitable after its establishment.
Secondly, the large group of founders endorsed the credibility of Silicon Valley Bank. By promoting the shareholder team, the company effectively tapped the market and gained the trust of customers. When introducing Silicon Valley Bank to potential customers, account managers will definitely introduce their large team of founders.
On the one hand, the reputation of shareholders has enhanced Silicon Valley Bank's brand awareness, making it easier for the bank to gain the trust of customers; on the other hand, the technology and venture capital circles are closely connected. Through the matchmaking of shareholders, account managers can establish personal connections with company founders at the first time, which helps the bank develop the market.
Finally, the success of Silicon Valley Bank in marketing is fundamentally inseparable from the personal actions of the company's management. The management and employees of Silicon Valley Bank are a group of very hardworking and passionate people. They work hard on marketing anytime and anywhere, allowing more people to understand the differences of this new type of bank.
As early as the fundraising period, the bank's founders completed the task of raising 5 million funds in just 45 days through networking and lobbying. At that time, Nebraska Technology Bank, a competitor that also wanted to do technology enterprise banking business, took 9 months to complete the fund raising and completely lost the first-mover opportunity.
In addition, the company's management will personally participate in the corporate image display. Unlike the usual bankers in suits and ties, in the Silicon Valley corporate yellow pages, the management wears clean work clothes, showing the company's technological attributes, which is refreshing.
Finally, the management of Silicon Valley Bank never misses an opportunity to get to know venture capitalists. They can be seen giving speeches at various venture capital conferences. It can be said that wherever there is venture capital, there is Silicon Valley Bank.
In its early business layout, Silicon Valley Bank adopted a "three-legged" model, namely technology bank, commercial bank, and real estate bank.
There is no need to say much about commercial banks. Most banks are commercial banks. Real estate banking does not refer to home loans, but real estate loans plus mortgage-backed securities that are closely related to real estate. This was the early business of Silicon Valley Bank, and its business is mainly concentrated in California.
Around 1990, the California real estate market declined, and the default rates of real estate-related loans and securities soared. Silicon Valley Bank was inevitably hit by the cold winter of the real estate market. After that, Silicon Valley Bank learned lessons from the crisis and underwent a comprehensive transformation.
First, real estate banking business was eliminated from the company's strategic focus, and the proportion of real estate loans quickly dropped below 10%.
Secondly, Silicon Valley Bank has turned to specialization, segmenting its customer base and focusing on serving clients in specific industries where Silicon Valley Bank has an advantage. These include both technology industries such as software and biomedicine, as well as sub-industries in traditional industries, such as the wine industry, which Silicon Valley Bank began serving last year.
However, in the technology banking business sector, Silicon Valley Bank's investment is relatively conservative. Only when a startup company obtains venture capital will Silicon Valley Bank follow suit. The company can obtain a certain proportion of loans from Silicon Valley Bank, usually about 1/4 of the venture capital investment amount.
This is equivalent to using the venture capital expertise to screen promising start-ups in advance. In fact, over the past decade or so, the richest man Wei Ye has passively served as a beacon for Silicon Valley Bank, and has been guided by Silicon Valley Bank.
Although Silicon Valley Bank's conservative approach can ensure the safety of funds to a large extent, it also makes Silicon Valley Bank miss out on the biggest returns.
Silicon Valley Bank naturally discovered this drawback, so in the past two years, it began to adjust its business, incorporating venture capital and capital into its customer targets and providing financing services to both.
Last year, the United States passed the Riegel Neal Interstate Banking and Branching Efficiency Act, which allows financial holding companies to acquire banking institutions in any state, and formally repealed the Douglas Amendment of 1956 that prevented financial holding companies from owning banking institutions in multiple states. This opened the door to the establishment of interstate banking institutions across the United States and also opened the door for large banks to merge across states.
With this favorable wind, Silicon Valley Bank also embarked on the road of expansion. Catching up with the pace of venture capital institutions, Silicon Valley Bank is preparing to fully cover all innovative cities in the United States.
Mingyuan Capital is a rising star in the capital world. When you list its achievements, it seems that there is nothing at all. Although it has invested in emerging Internet companies such as Cadabra, which has been renamed Amazon, Yahoo, Netscape, Real Online, and Adam Search Engine, except for Netscape which is about to go public, the prospects of other companies can only be said to look good. Whether they are really good or not remains to be seen.
Judging from its performance, Mingyuan Capital is not really qualified to be included in the ranks of rising stars, but its shareholders are not simple people. At first glance, the United States is a society ruled by law, and the first thing people think of to solve minor issues is to find a lawyer instead of using connections to smooth things over. But in reality, it is still a relationship-based society, and good deals will only fall into the hands of "insiders."
Mingyuan Capital has a friendly and likable appearance, and is easily regarded as one of the family members wherever he goes. He is a popular commodity, and who wouldn’t want to have a piece of it? Coincidentally, Silicon Valley Bank is very interested in Mingyuan Capital.
In Boston, a buffet cocktail party is taking place on the lawn of a villa that serves as an office for a socialite capital.
Whether it is a venture capital or capital company, they rarely use their own money for investment. They usually raise funds and use other people's money to make their own money. The same is true for Mingyuan Capital. The buffet reception in front of them is held to raise funds.
Nan Ruoyin was wearing a knitted high-necked black dress that didn't reveal half of her breasts. She couldn't hold down her cleavage to look pure and conservative, and she couldn't break the straps to pretend she was exposed and get some film attention. She was wearing a pair of black low-heeled leather sandals and was standing there talking to someone with a wine glass in her hand.
"Mr. Dean, thank you for coming."
Nan Ruoyin raised her glass and clinked it with John Dean, CEO of Silicon Valley Bank, who was sitting opposite her.
John Dean took a sip of wine, lowered his glass and said, "Miss Nan, our Silicon Valley Bank is very interested in Mingyuan Capital. I hope to make an appointment to have a good chat with you."
Nan Ruoyin smiled and said, "Of course, tomorrow is Saturday, I have time, how about 10 o'clock in the morning or here?"
"OK." John Dean raised his glass.
After Nan Ruoyin responded, she said, "Sorry, I'll go entertain other guests."
Nan Ruoyin didn't want to talk much with John Dean. She was not interested in the funds from Silicon Valley Bank, or rather, accepting funds from Silicon Valley Bank was not in the interests of Nan and other shareholders.
Whether it is Silicon Valley Bank, the richest man or Mingyuan Capital , investing in startups and sharing the profits after the surge in market value is only one of the main purposes exposed on the surface. Behind it, there is a more obscure purpose - to compete for high-quality customers for the bank.
For example, Walmart has huge cash flow. If a startup bank can grab one such customer, its scale can expand like a balloon. If there are two, three, or even dozens of such customers, the bank's assets will grow rapidly to tens of billions of dollars.
[Depositors’ deposits are not bank assets and are theoretically bank liabilities.]
While Nan Ruoyin is in charge of the overseas investment of Mingyuan Bank, she will also attract customers for Weir Bank and other shareholder family banks. The reason why Silicon Valley Bank develops investment business in venture capital is also for the purpose of expanding customer channels. In a sense, Silicon Valley Bank is not only a competitor of the richest man Wei Ye and Mingyuan Capital, but also a competitor of Weir Bank.
However, there are many competitors, and Silicon Valley Bank is a relatively special one among them. Wells Fargo is a shareholder of Silicon Valley Bank, and the families of the shareholders of Mingyuan Capital are shareholders of Wells Fargo. The Nan family also has shares in Wells Fargo. After a big circle, Nan Ruoyin and John Dean are indirect partners, and the relationship is a little complicated.
Nan Ruoyin was like a black butterfly or an elf, constantly shuttling across the lawn. From time to time, she would stop, whisper with the "capital flower", and then pounce on the next one.
Not far away, Scarlett and Nan Youqiong were sitting in the car, looking at the graceful Nan Ruoyin. Suddenly, Scarlett turned to Nan Youqiong and said, "Adler, Adam has a good eye. Rachel will be a good helper for you."
"MOM, Rachel is very beautiful." Nan Youqiong stared at Nan Ruoyin without blinking.
"You should call me sister."
"Rachel won't care."
"Okay, Adam's rules go to hell. I'm going over. Do you want to go first or wait for me?" Scarlett checked the accessories she was wearing in the rearview mirror.
Nan Youqiong retracted his gaze, looked at Scarlett and said, "I have to go first. Last month, the rice farms in South Carolina just started testing the new aircraft water direct seeding technology. I want to go over and see the germination situation."
Scarlett spread her hands and said, "OK, Adam will be very happy that you attach so much importance to agriculture."
"Mom, are you unhappy?"
"NO, like Adam, I believe that the future of agriculture will be good, but not now. Nan's entered too early and invested too much money. It would be more reasonable to establish Shennong Nanliang now or in five years."
"Land prices have been rising, and Shennong Nanliang has become profitable."
"Of course I know that Shennong Nanliang's profit margin is too low. If the funds are invested in other areas, higher returns can be obtained."
"Maybe." Nan Youqiong shrugged and stopped arguing with Scarlett.
There are some secrets between Nan Yi and Nan Youqiong about Scarlett. Nan Yi once told Nan Youqiong that Scarlett is very smart, but she also has the common problem of smart people, which is being too eager for quick success. Nan's company needs to increase its volume, but it needs to pay more attention to its existing stock.
I sow the seeds, you apply fertilizer and weed, and the joy of flowering and bearing fruit can be passed on to the next generation. For some things, you don't have to see the results yourself. While enjoying the benefits of the previous generation, you must also leave inheritance and accumulation for the next generation.
Scarlett glared at Nan Youqiong and said, "Adam told me that he doesn't debate with fools, so you think I'm a fool?"
"Maybe...Oh, no, Mom, everything you said is right."
"Well, when you come back from South Carolina, we'll have a good talk." Scarlett said with a hint of threat, then pushed open the car door and got out.
Nan Youqiong's face turned bitter in an instant, and he wondered whether he should summon Adam.
"Adam, I missed you."
