Reborn in the Millennium: Building a Fortune from Fishing

Chapter 533 Preparing to Build a Factory
"cheers."

"cheers!"

"Damn, that's another load of foreign nonsense."

"Haha, everyone, please feel free to do as you please, I'll take it. The room is ready."

In a luxury hotel, a large group of people raised their glasses in a toast.

Wenwen came today too. Afu couldn't come because he was sick and in the hospital, but the atmosphere was still very lively.

"Today was really close, I was just a dozen grams away from winning the championship."

"Who knew it would turn out like this? I'll definitely bring a small hook next time I go out," Da Liu said, still shaken. "Dahe, could you put a small hook on your fishing hook?"

"Damn, what would I need a small hook for? We need to specialize in fishing gear to make money." Qin Dahe curled his lip.

If you try to make money from everything, you'll end up making nothing.

"We're all in this for the big fish business, who wants to fish for the small ones?"

On the table was a dish of grouper skin stewed with fish maw, made from dried skin. The broth was delicious, and Qin Dahe ate the most of this dish.

"Wenwen, let's have a drink. Next time, let's go out and catch a big tuna together."

"Haha, let's have a drink, then I'll upgrade my ship and go sailing on the high seas."

After downing a glass of wine, Qin Dahe asked curiously, "Another upgrade?"

"Upgrade it! This time, add an ultra-low temperature freezer. If you go fishing for a long time, the fish you bring back will be more valuable."

"Let's celebrate, from now on we'll catch big fish every day." That's some serious money; they just got a new fish finder, and now they're adding more equipment.

"We definitely have to celebrate. Damn it, one cold storage room cost me 850,000 yuan. I need to go out and make some money." Wenwen said fiercely after taking a sip of wine.

Yachts are really expensive; you can never have enough. If I don't make some money soon, I'll have to ask my family for money again.

They want to buy anything they see that looks good, and even the three rich kids are struggling to keep up with the spending.

While Da Liu was still boasting about the thrilling scenes of the day, Boss Zhang was also extremely happy.

His main sales area for bait is South Taihu Lake, and his sales will definitely be even higher after winning the competition.

Da Liu was in a good mood today and was thinking of opening two bottles of red wine, drinking them, and then going to sing karaoke, but Qin Dahe stopped him.

We need to discuss building a factory tonight, but how will we talk if we've had too much to drink?

After eating and drinking to their hearts' content, everyone went back to rest.

After the event ended, Qin Dahe pulled Da Liu and Boss Zhang to sit in a corner of the hotel and even had a waiter brew a pot of tea and bring it back.

He took out a pack of cigarettes and circulated them around before explaining the situation of Fuji.

"If they want to cooperate, then let's cooperate," Liu said, beaming.

His family business also has investments from the island nation, and the company's equity structure is complex; this is common when businesses grow large.

"Let's leave Kurokawa aside for now and talk about the factory construction situation first."

He briefly explained his plan: to rent Mr. Wu's land and buy the equipment.

Anhui's biggest advantage is its transportation; it's close to all directions, making shipping convenient.

Therefore, production must be carried out locally so that he can keep an eye on product quality; this is Qin Dahe's bottom line.

It's okay if the company's products are overpriced. Even if the bait costs 20 or 30 yuan a pack, as long as the quality is guaranteed and we don't cheat people, it's fine.

"After the factory is built, you four agents can get 20% of the shares."

“These twenty shares might be a bit expensive, so 10% is reserved for Liu.” He flicked his cigarette ash and continued, “As for the brand’s valuation, I will have a professional evaluation team from Shenzhen assess it.”

That is, take out the accounting books of Dahe Fishing Gear, write a market analysis report, and ask my uncle's investment company to help evaluate it.

Now that the investment company is on the right track, there are definitely dedicated people responsible for evaluation and auditing.

"Approximately how much?" Mr. Zhang asked, frowning. A price that was too high was a bit difficult for him, but he would definitely agree.

As the owner of three fishing tackle shops and having also secured numerous agency rights, I still have confidence in the fishing tackle industry.

The fishing gear for the Yellow River is remarkable; the sales of silver carp and bighead carp bait are increasing month by month, and anyone with a discerning eye can see that its momentum is unstoppable.

"No matter the valuation, the upper limit is ten million. The cost of your four major distributors' investment will not exceed this price," he said confidently.

In the internet industry, a rising website with soaring monthly revenue can easily have its valuation exceed 100 million.

However, the fishing gear industry is a physical industry, and the calculation method is different; the price-to-earnings ratio is generally around ten.

At the current rate, Dahe Fishing Gear's profits this year will definitely exceed 200 million yuan, and it's still in an upward trend. It's practically free money; they'll break even in just a few years.

Upon hearing the price cap of ten million, Boss Zhang nodded. It was worth it!
"Once you've each invested, we'll establish warehouses in your respective cities, and you'll be responsible for them yourselves." "No problem, bulk shipping will save money."

"Da Liu, now that we've won the championship, I won't mince words. I'll privately transfer a percentage of my shares to you." Da Liu has been promoting Dahe Fishing Gear at his own expense for quite some time now, and I've seen it all.

Although it's true that he's a rich second-generation and doesn't care about such a lot of money, Qin Dahe can't be a fool. If you want to have a long-term relationship with your friends, it's better to keep the accounts clear.

"Haha, that doesn't matter. Let me buy more. Can't I buy another 13% of the shares? That way, I can make it 15%."

Liu doesn't care about other industries, and he's too lazy to even start a business. Those who try to prove themselves are usually the ones who lose everything.

But fishing is really addictive. Catching a big fish and enjoying the compliments from those around you is so satisfying.

Qin Dahe glanced at him, pondered for a moment, and said, "Fine, you son of a bitch, you're rich, so I won't try to save you any money."

That means giving away 25% of the shares.

It doesn't matter; his bottom line is 34% of the shares, which is enough to control the brand.

This bastard got a 15% stake, so his family will definitely contribute. It's a good opportunity to register the brand on the Shanghai Stock Exchange.

The brand and the factory are integrated, but they don't necessarily have to be in the same place, which will make future business cooperation easier.

"Then I'll hand the brand over to you, and register it in Shanghai."

"I'll handle it." Da Liu chuckled, lit a cigarette, took a deep drag, and said he'd just ask his family for help later.

“There will be support for agents who invest in the company,” Qin Dahe said to Boss Zhang. “This is for the other three agents. If they don’t have enough money, they can invest by paying off part of the debt.”

"However, this debt will accrue interest, calculated at the bank's lowest interest rate. You can pay it back to the company once you make a profit."

This is tantamount to encouraging the three agents to make money out of thin air.

However, the four major distributors are very important, covering almost the entire middle and lower reaches of the Yangtze River. Without any shared interests, they would not wholeheartedly help the brand grow.

He doesn't have time to devote himself to business. It would be better to give away some shares and let others do the work, while he only needs to control the product quality.

Da Liu didn't care about the money, but Boss Zhang was overjoyed; this was truly a great opportunity.

He has enough money to invest, but it's always better to keep some money on hand.

After stubbing out their cigarettes in the ashtray, the three continued discussing their collaboration with Fuji.

They had already put themselves in the shoes of shareholders, and naturally began to offer advice and suggestions.

“Those people from the island nation have big appetites; they want at least 30% of the shares.” Liu frowned. His father had talked about these things before, so he knew a little about it from what he had heard.

"Hehe, the shares are fine, they're not short of money over there, and they won't get decision-making power anyway." He took a sip of tea and said with a smile.

Although there are many joint ventures in China, they are subject to equity restrictions, making it impossible for foreign investors to obtain decision-making power.

Unless it's one of those internet companies that's desperately needing funding to survive, they're not likely to be controlled by foreign capital.

Those in the real economy have nothing to fear. They have money in their accounts and people in their factories. They can just tell someone to get lost if they complain.

It's okay to make a fuss, there's local protectionism, what's there to be afraid of?

"It would be best if we could get some distribution rights for sea fishing products, so we could sell them too," Mr. Zhang suggested.

He owns two fishing tackle shops along the coast, and he's sure to make money selling imported fishing tackle.

"Haha, those are their conditions. Kurokawa was the one who was eager to cooperate." Qin Dahe chuckled.

"My bottom line is a T300 production line and fishing rod design data. The raw materials for the original production line can be imported from there, but the price has to be on par with Guangwei."

"Are we that powerful?" Liu and Boss Zhang looked at each other in disbelief.

They can talk about carbon fiber production line conditions even before their own factory has been built?

"Don't overestimate carbon fiber. The T300 production line uses technology from Japan that's 30 years old." He said, half-laughing and half-crying. "The materials research and development there is an industry alliance, and Fuji is definitely in that alliance."

"The most important thing is that I need to make big fish rods. There are no long rods available at home or abroad. The nine-meter fishing rods we ordered are too cumbersome."

"We don't have the technology, so we'll do it ourselves?"

"We don't have the technical reserves for large rods yet. In the early stages, we'll have Fuji send a designer abroad, and then recruit some talents domestically to learn from them," Qin Dahe said casually.

"Da Liu, I'm leaving the recruitment to you. They don't need to be too specialized, just design-related fields are fine, even a junior college degree is enough."

"Hmmmm, we can borrow some people from your Uncle Chen."

"No, we're stealing his business by making fishing rods. Are you sure you can borrow people?"

"I make big-fish rods, starting at 7.2 meters, and I don't compete with the mainstream fishing rod manufacturers on the market." He lit another cigarette, his mouth dry from talking.

　Those who haven't claimed their prizes yet, hurry up!

　　
　
(End of this chapter)