I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 153: Rice Group is humiliated, Sihai OLED enters the historical stage
Yang Chen's Weibo attracted a large number of comments from netizens.

"Boss Yang is awesome. Just because you said that wealth should be redistributed to those who need it more, I will support you unconditionally. I won't say anything else. I will support you with a house in Sihai to express my gratitude."

"That's what entrepreneurs are like. Those bosses who exploit their workers but do charity work outside are hypocrites. They also make excuses for themselves that they can't raise wages, otherwise they will bring pressure to their peers. Ugh!"

"For the first time, I felt that our entrepreneurs also have warmth and patriotism. It was also the first time I understood what it means to help the world when one is successful. I went to Sihai Industrial Park to apply for a job. I would rather be an assembly line worker in Sihai than be a damn so-called senior white-collar worker."

"Boss Yang is going to enter the OLED industry? I have been in this industry for more than ten years, and I want to apply for a position as a R&D staff member. I feel that Boss Yang is going to challenge all foreign high-tech by himself."

Yang Chen's Weibo post had a really big influence. Many people who were originally dissatisfied with their current jobs voted for Sihai Electronics. Some of them are now senior white-collar workers sitting in office buildings, but they actually chose to apply for assembly line workers.

But if you think about it carefully, it's not surprising. Working eight hours a day, five days a week, and getting 9000 yuan is damn better than most senior white-collar jobs. The only drawback is that you may have to work the night shift, which may be the only drawback. But compared with the overall welfare benefits and working environment, this drawback can be ignored.

The New Year is just around the corner, and all companies have to make a summary of the previous year. Sihai Group is no exception. Yang Chen called together the heads of various subsidiaries or businesses to listen to their work reports, as well as a summary of the previous year's work and an outlook for the next year's work.

After listening, the group's financial director showed Yang Chen a balance sheet.

The total assets of Sihai Group are 1.78 trillion, an increase of 1.45 trillion compared to 0.33 trillion before Yang Chen took over Sihai Group.

The total debt is 2.85 trillion, which is a decrease of 3.2 trillion compared to 0.35 trillion before Yang Chen took over Sihai Group.

Yang Chen smiled and nodded, saying: "It's okay, assets have increased, debts have decreased, and the future is full of hope. We have laid out more business sectors, and next year is destined to be a bumper year. If everything goes well, we will definitely be able to achieve a 1:1 ratio between assets and liabilities. However, the gambling agreement between me and the Jiangcheng Municipal Government is to reduce the asset-liability ratio to below 50%. So everyone has to help me, you must work hard, and strive to complete the gambling agreement as soon as possible, so that I can fully control the Sihai Group. The subsidiaries under your control will be listed one after another, and everyone will get original shares. As long as you don't betray me and don't make big mistakes, I guarantee that each of you will become a billionaire."

Everyone laughed happily and expressed their loyalty to Yang Chen.

Zhang Jinsong, president of Sihai Real Estate, said: "If President Yang doesn't chase me away, I will follow President Yang all my life. In the future, when I am no longer capable of managing Sihai Real Estate, I will stay in Sihai Group even if I work as a security guard."

Chang Sheng, president of Sihai Healthcare, said: "I will not leave Mr. Yang. If Mr. Yang doesn't want me anymore, I will just retire. I will never work for another boss, nor will I start my own business."

Chen Yulong, president of Sihai Sports, said: "I won't follow anyone except Mr. Yang."

……

Yang Chen smiled and nodded, and said: "Don't employ people you doubt, and don't doubt people you employ. I believe in everyone's loyalty and ability, we will be better if we work together. There is one more thing I want to say, Sihai Health's business is too complicated, and many businesses are very unreasonable. I plan to divide some of the business. Boss Chang, please make a plan for me."

Chang Sheng quickly replied, "Okay. In fact, I also think that the big health business is unreasonable. I mentioned it to Wang Sihai many times at that time, but he didn't consider my opinion at all. For example, businesses such as grain, oil, rice and flour can be separated out as a separate subsidiary. The Sihai Agricultural High-tech business can also be separated out as a separate subsidiary. Health care drugs and pesticides should also be separated, and pesticides can be put together with agricultural high-tech. There are also nursing home business and hospital business, which should also be separated. However, Wang Sihai thinks that these all belong to the scope of big health, and he wants to put them together to collect data and then look for an opportunity to go public."

Yang Chen smiled and said, “Should I say it or not? Although Wang Sihai only thinks about making money, the businesses he has come up with are indeed very promising. Cereals, oils, rice, flour, and mineral water are related to issues such as food hygiene and safety, which is one of the most concerned issues for ordinary people. In the future, the population will age seriously, and young people nowadays are more selfish, and there are more people who don’t get married. In the future, the nursing home business will indeed be promising. Just make a report for me according to your ideas, and I’ll discuss it after I read it.”

Chang Sheng quickly said, "Okay. I'll get it done as soon as possible and give it to you."

Wang Sihai is definitely a person who is ambitious and eager for quick success, or simply put, he just wants to make money and run away, and has never thought about running the company seriously.

For example, the Sihai Agricultural Hi-Tech business I just mentioned, he invested a total of 1500 billion yuan in this business.

After about five years, he suddenly didn't want to do it anymore, so he sold the agricultural high-tech business to Beinong Technology for 10 billion yuan.

Two years later, he wanted to get into agriculture again, and spent another 200 billion to buy back the agricultural high-tech business from Beinong Technology.

Most of the 1500 billion yuan invested went into personal pockets, and not much money was actually used to develop the business.

The 200 billion spent on the repurchase was a blank check and is still owed.

Due to funding and other issues, the agricultural high-tech business has long been suspended and the relevant staff have resigned, which means that Sihai Group has spent 1700 billion yuan down the drain.

In fact, there were obvious big problems in these businesses, but the Sihai Group was in its heyday at the time, and these problems were covered up by the excellent performance of Sihai Real Estate. When Sihai Real Estate was no longer glorious, all these problems broke out, which led to Wang Sihai's escape and the collapse of the Sihai Group.

If Yang Chen wants to run the company well, he naturally has to reorganize its business. As long as he can accomplish all these businesses, the company's total assets will increase and its debt-to-asset ratio will decrease.

It's the Little New Year, and all industries have entered the holidays, but the construction units of Sihai City and Sihai Industrial Park are still working hard. They all need to complete the project in March, and they only have more than two months left. They must work 3 hours a day.

Just when everyone was looking forward to going home for the New Year holiday, a piece of news became a hot topic. To be precise, a video was transmitted from the Internet to China and was circulated all over the Internet. The protagonist of the video was Luo Jun, president of Xiaomi Mobile.

In the video, Luo Jun was toasting a group of people. Judging from his appearance, he must have drunk a lot. His cheeks were red and his eyes were a little blurry. There were 5 empty bottles of red wine on the table.

"Mr. Zheng, my employee was wrong. I apologize to you on his behalf. I would like to toast you with this glass of wine again. I hope you can forgive me." Luo Jun said very humbly.

The Mr. Zheng that Luo Jun mentioned was none other than Zheng Jinrong, the president of Sanxing Electronics. Even though Luo Jun was so humble, Zheng Jinrong still crossed his hands in front of his chest and didn't even look at Luo Jun.

At this time, several people nearby also raised their glasses and toasted Zheng Jinrong in Eagle language, speaking good words for Luo Jun.

Zheng Jinrong remained silent for a while, and finally he reluctantly picked up the glass and took a sip of wine.

Luo Jun felt relieved and drank a full glass of red wine in one breath.

"Thank you Mr. Zheng for your forgiveness. I hope our cooperation can continue. Please." Luo Jun said.

Zheng Jinrong said with a proud look on his face: "If it weren't for the face of so many bosses, I would never forgive you."

Luo Jun nodded quickly and said, "I understand, I understand. My employees did something wrong. It's our fault."

Zheng Jinrong snorted coldly, then said, "Since you know it's his fault, he must be punished for his mistakes."

Luo Jun was stunned, because the employee who made the mistake was Luo Feng, the company's vice president in charge of purchasing, and Luo Feng was one of the co-founders of the Rice Group. How should he be punished?

Zheng Jinrong said coldly: "Why, Mr. Luo doesn't want to?"

Luo Jun quickly said, "No, no, no, I'm willing. I'll talk to him when I get back and ask him to leave the company. Okay?"

Zheng Jinrong nodded and said, "Okay. I see Mr. Luo's sincerity and am willing to resume cooperation with you. The supply of other products can be resumed immediately, but the supply of AMOLED displays will be resumed in two years. Whether you want to wait or not, we will arrange it this way."

Luo Jun immediately said: "Mr. Zheng, you waited two years to supply us with goods, so our products were delayed."

Zheng Jinrong laughed and said, "If you can't wait, go find other brands to cooperate with. We are not forcing you to wait for our products. Anyway, this is our arrangement. You can wait or not."

The video ends here, and the Chinese people are very unhappy after watching it.

You have to know that Luo Jun is a child of destiny. He is successful in everything he does and is the real protagonist of a cool novel. Back then, the Xiaomi mobile phone, which cost only a few hundred yuan, brought down the price of smartphones in Longguo, making high-end smartphones affordable for everyone overnight. It became the sentiment of a generation.

Everyone felt very uncomfortable seeing the hero of the cool novel in everyone's mind being humiliated by the Koreans.

Just take a look at the comments section.

"The Koreans are so damn arrogant. Mr. Luo is so humble, but he is still so arrogant!"

"What's going on? Who is the employee who made the mistake that Mr. Luo mentioned? What mistake did he make? Why does he need to apologize so humbly?"

"The sky is falling. How can Mr. Luo be so humble to the Koreans? I really can't accept this."

……

This video came from Korea, and the comments on the Internet there were even more disgusting. The Koreans were all excited, and Sanxing was praised to the sky, while rice was belittled to the extreme. In the meantime, the technological level of Longguo was also mocked by them.

Seeing the growing public opinion, in order not to affect the company's reputation and the sales of Mi phones and other products, Luo Jun had to come out in person to explain what happened. Anyone who does business knows that when product sales are high, the demand for parts will increase, and the corresponding purchase price will be lowered.

In order to maintain cooperative relationships, suppliers will certainly be willing to lower prices. Although the individual profit will be reduced, the total profit will still increase due to the increase in quantity, and suppliers are also happy to accept price cuts.

For example, the same logic applies to BYD's recent request for suppliers to reduce prices by 10%. This is because BYD sold more than 400 million vehicles throughout the year. The supply price signed when the volume was small was obviously inappropriate and needed to be lowered to be fair.

When Luo Feng, who was in charge of purchasing for the Rice Group, was negotiating the purchase price with the representative of Sanxing Electronics, a heated argument broke out between the two parties.

Luo Feng felt that the demand for rice had greatly increased, and Sanxing should lower its supply price.

However, Sanxing felt that they had no shortage of orders and was determined not to lower prices.

The talks between the two sides broke down.

After the president of Sanxinglong National District reported to the president of the headquarters, Zheng Jinrong, Zheng Jinrong immediately ordered the termination of cooperation with rice.

For products like memory sticks, LCD or common OLED display screens, Dami can find alternative brands, but it cannot find alternative brands for AMOLED, so it has to use Sanxing's products.

Luo Feng had to apologize to the president of Sanxinglong National District and others, but they did not accept his apology and refused to resume the cooperative relationship.

Helpless!

Luo Jun had no choice but to apologize in person.

Luo Jun went to the Sanxing Longguo District headquarters five times to apologize, but they refused to see him.

Luo Jun had no choice but to go to Shouer again to apologize to the president and other senior executives at Samsung Electronics headquarters, but no one wanted to see him.

Dami tried every possible way but still couldn't find a brand that could replace Samxing's OLED display.

Luo Jun could only continue to go to Shouer to seek an opportunity to apologize. It was not until his fourth visit to Shouer to seek an apology that Zheng Jinrong, president of Sanxing Electronics, reluctantly met him.

Just like in the video, Luo Jun drank five bottles of wine and acted extremely humble in exchange for the other party's agreement to resume the supply of AMOLED displays in two years.

After Luo Jun explained the cause of the incident, he also expressed his dissatisfaction with Sanxing.

Because judging from the angle of the video, the person who filmed it is a senior executive at Sanxing headquarters.

He just took the video and uploaded it to the Internet on purpose, wasn’t it just to humiliate Luo Jun?

"Even if the deal fails, we still have friendship. We need a favor from Sanxing today. I humbly apologize and I have nothing to say, but Sanxing should not ignore basic etiquette. You can refuse, but you cannot deliberately humiliate me. I, Luo Jun, have been in the business for most of my life. I have seen all kinds of people and encountered all kinds of storms, but this is the first time I have seen behavior like you guys who lack basic etiquette!" Luo Jun said with a stern face, and it was obvious that he was very angry in the video.

However, there are all kinds of people on the Internet, including black fruits, black dragons, black BYDs, and naturally black rice.

Seeing Luo Jun in such a miserable state, the people in Heidami were very excited.

"Samsung is the best AMOLED manufacturer with the highest yield rate. You dare to negotiate the price with them? Did Qualcomm's first launch give you too much confidence? It really makes me laugh. How dare an assembly plant negotiate the price with the party that has the technology?"

"Why would a loser's phone need such a good screen? Just use an LCD screen. Losers aren't picky anyway."

"It's so funny. I offered to apologize to someone, but they didn't even want to accept it. This is what you call a child of destiny. He's not that good."

……

At night, Yang Chen was taking Liu Mei to take a hot bath in the villa. Chen Lan, the president of Sihai Electronics, told Yang Chen about Da Mi and Sanxing.

Originally, Yang Chen was still thinking about how to get everyone to accept the OLED display screen produced by Sihai Electronics, but now the opportunity has come.

"You should contact them tomorrow and select some samples of each model we produce and send them to them for testing." Yang Chen said with a smile.

Chen Lan quickly said: "Okay, I will contact them tomorrow."

Yang Chen nodded, and said: “Come on, give me a full body essential oil SPA. Whoever does well will be rewarded handsomely, with a guaranteed New Year’s red envelope of one million.”

The six beauties hurried to get their equipment, scrambling to give Yang Chen a SPA.

Three days later, it was the 28th day of the twelfth lunar month.

Luo Jun was worrying about the problem with the display screen when Zhou Ping, the vice president in charge of technology, ran in excitedly.

"Mr. Luo, good news, good news! We tested the OLED display sent by Sihai Electronics, and its various technical parameters are better than Sanxing's, including the AMOLED display. Take a look, I made a comparison of the product data of Sihai and Sanxing." Zhou Ping said excitedly.

Luo Jun was shocked and quickly stood up, snatched the information from Zhou Ping's hand and read it carefully.

After reading it, Luo Jun excitedly grabbed Zhou Ping's hand and asked, "There won't be any mistakes, right? Did you personally supervise the test?"

Zhou Ping smiled and replied: "I personally supervised the test and even did another test myself to ensure that the data was true and valid."

"Come on, take me to see it. You can test the products of both companies in front of me. I want to see with my own eyes that the data are real!" Luo Jun said excitedly.

Zhou Ping smiled and nodded, then quickly took Luo Jun to the laboratory.

Luo Jun watched all the tests in full and made sure that the data on the paper were all true and valid.

"Ha ha……"

Luo Jun laughed happily, and tears came down his face.

A man who is successful in everything he does naturally has his pride and self-esteem. He gave up his pride and self-esteem but failed to get back a chance. What he got was humiliation from the other party. You can imagine how upset Luo Jun felt.

Now that he has Sihai Electronics' screen, he no longer has to endure Sanxing.

"Fuck, fuck, you son of a bitch Sanxing, I don't need to put up with you guys anymore! Come on, take a video for me, I want to scold Sanxing! Fuck!" Luo Feng shouted angrily, wanting to vent all the anger in his heart.

In the evening, the official Weibo, Douyin and other accounts of the Rice Group, as well as the Weibo, Douyin and other accounts of Luo Jun and Rice executives, simultaneously uploaded Luo Jun’s latest video.

"Hello everyone, I am Luo Jun, Chairman of the Rice Group. First of all, I would like to wish you all a happy new year. I wish you all a happy and prosperous Year of the Snake, and all your wishes come true."

"And I want to say sorry to everyone for the recent videos and news about our group online. I shouldn't be so humble. Damn it, I should be tougher when dealing with people from a tiny country who don't know etiquette."

"I now officially announce that the Rice Group will immediately terminate all cooperation with the Sanxing Group. As long as I am still at the helm of the Rice Group, there will be no further cooperation between the two parties."

"This is all Sanxing's fault. In any industry, when the purchase volume increases, suppliers will lower their prices. This is a universal rule. Our annual sales of Xiaomi mobile phones have increased from hundreds of thousands to tens of millions, and now to more than 100 million. Our sales have increased significantly. It is reasonable and legal for us to ask component suppliers to lower their prices."

"Sanxing not only failed to follow basic business rules, but also failed to understand basic social etiquette. It clearly demonstrated the arrogance and unreasonableness of a tiny country."

"I officially announce that from today onwards, all products of the Rice Group will give priority to products produced by Sihai Electronics, including memory sticks, OLED displays, and any products that Sihai Electronics may develop in the future and that we can use."

"We will also invest more R&D funds in researching our own technologies and products in the future. After this incident, I understand one thing: no matter how good other people's products are or how favorable the prices are, they are not as good as having our own technology."

(End of this chapter)