Reborn in the Millennium: Building a Fortune from Fishing

Chapter 597 Dahe Fishing Tackle Technology Co., Ltd.
Yanyan talked to Bao'er for a long time, sharing her experiences about pregnancy and childbirth.

"The cost in the hospital is actually not high, especially during a natural birth, so don't try to save money," she advised.

Hanwa is making a lot of money now. In the summer, he earned tens of thousands of yuan just from making fishing floats, and he also does fishing with nets.

"I know," Bao'er nodded with a smile.

My family is quite wealthy now; we own several properties in the city, so we have no worries at all.

The older brother recommended buying that Hanwa also told her about it. The family lacks nothing, and life is getting better and better.

"I also brought a lot of children's clothes. I gave some to Amei, and there are still a few left."

"That bird's nest was bought from Hong Kong Island, and there's also tuna. Eat more to nourish your body."

The two women chattered away, while the two brothers went to the yard to smoke. Qin Dahe casually inquired about the recent feeding of silver carp and bighead carp.

Dahe Fishing Gear's core product is silver carp and bighead carp bait, and that will remain true in the future.

The temperature started to drop in Wuwei in mid-September, and it's still a bit chilly now.

"The fish aren't biting very well, so Uncle Chen and the others aren't having a good time fishing. A lot of people are going fishing for bream instead," Hanwa said with a troubled expression. "And the big lake is starting to lose silver carp and bighead carp."

He doesn't fish much anymore, but he goes to the Yuxi River a lot, often using nets and such.

"How many people died?" Qin Dahe frowned.

"Not many, Grandpa catches about three or four a day."

"That's alright." He breathed a sigh of relief when he heard the third or fourth point.

The temperature difference between spring and autumn is large, so it's normal for some silver carp and bighead carp to die; as long as it's not due to water quality issues, it's fine.

However, we'll start collecting fish next year. We'll go to wild fishing spots and collect more silver carp, bighead carp, and grass carp to raise in the lake.

"Don't skimp on money when you go to the city. Call me after the baby is born."

"Oh, I see."

The couple stayed at Hanwa'er's house until 8:30, then said goodbye.

I need to go to the county to register my business tomorrow, and I'll also have breakfast with Uncle Lei while I'm there.

The establishment of Dahe Fishing Gear Company was not without its twists and turns. Because it was a joint venture, some people wanted him to move to Chaohu.

The brand is registered in Shanghai; this is just a production factory. That's why he would go there.

Ultimately, with Kurokawa's foreign exchange reserves paving the way, the fishing tackle company was able to establish itself smoothly and even received a series of preferential policies.

Four million yuan is nothing in this impoverished county; it's even less than the annual profit of a flower-making factory in the countryside.

But $500,000 is a different story.

Some individuals and organizations do not lack RMB, but need foreign exchange for overseas inspections, equipment purchases, and so on. In many cases, foreign exchange is a necessity.

Inland provinces, lacking foreign exchange quotas, have to find their own solutions.

Qin Dahe exchanged all the foreign exchange he received from selling his shares, as suggested by Uncle Lei.

The manufacturer is named Dahe Fishing Tackle Technology Co., Ltd., and its production and business scope is quite large, including electronic products.

The problem is that the upstream and downstream suppliers are not located locally; otherwise, the discounts would be even greater.

Apart from corn and soybeans, all the upstream raw materials are sourced from outside, and sales are conducted nationwide.

In addition to the five-year tax exemption and water and electricity reductions, it certainly won't generate fiscal revenue in the short term. However, the county has allocated funds, so it doesn't actually lack this amount of tax revenue; having the title of a joint venture is enough.

After everything was completed, the first shareholders' meeting was held in Jiuz.

The main topic of discussion this time is brand operation. The factory production and personnel are managed by Qin Dahe, and the other shareholders will not interfere at present.

The first step is to expand our cooperative fishing tackle store network, which requires the joint efforts of all our agents and the search for new agents.

However, there are many miscellaneous fish in the south and the summer is short in the north, so it is indeed a bit difficult to sell in both the north and the south. The market for silver carp and bighead carp bait is too fixed, and the main sales are concentrated in the central region.

Therefore, the development of the Sichuan region is imperative.

This matter was handed over to Mr. Wan from Hubei. As a major fishing province, Hubei's business didn't require his attention at all.

Mr. Wan was responsible for finding partners in Sichuan to establish a local warehousing center for bulk shipments.

At the same time, the company will provide some financial support. After the warehouse center is built, he will receive 2% of the turnover for the first three years and 1% for the next three years.

All staff members are recruited locally, and there will be performance evaluations.

The Sichuan region is simply too far away, and transportation is inconvenient. We can't ship seven or eight tons of goods at a time like our agents in Jiangsu and Zhejiang, otherwise we would lose a fortune in freight costs.

In the initial stage, a trial operation will be conducted, and Qin Dahe will also visit the local area for inspection.

In a few years, once the major infrastructure projects have been completed, there will be no major issues, and transportation will be much more convenient.

Another brand operation strategy is to establish a publicity platform, release product information on social platforms such as fishing forums, sponsor more fishing programs, and hire anglers to participate in competitions.

The anglers are divided into two types: part-time and full-time. Full-time anglers are managed by Da Liu, and the annual budget is estimated to be around one million.

Liu himself also likes to be in the limelight, so he simply handed the team over to him to lead in the competition. His family has a lot of influence, so he can help out as well.

Part-time anglers promote their services by offering free bait and fishing tackle to experienced anglers who frequent large bodies of water.

It doesn't cost much, but if there's a really exciting fishing opportunity, we'll help with promotion to give people a greater sense of satisfaction.

Qin Dahe personally took charge of online promotion and recruiting part-time anglers. With nothing else to do, he either stayed home overseeing product production or surfed the internet or wandered around.

He will also establish his own online promotional channels, creating accounts related to fishing gear on various platforms, with his uncle providing some assistance.

The main task for Dahe Fishing Gear next is to expand the market and increase the influence of its products. Once the fishing gear market takes off, there will be plenty of opportunities.

As for profits, they are not a consideration for all shareholders.

Distributors earn money from their agency fees, while Fuji wants to plan ahead. Qin Dahe sold 10.5% of his shares and is not short of money at all.

Dahe Fishing Gear has also raised nearly five million yuan in financing, so there is no financial pressure at all.

The factory and equipment didn't cost much; we rented the whole thing from Boss Wu for 150,000 yuan a year.

These were the prices for the first three years. Because the land acquisition procedures were not standardized, it was Qin Dahe who had to pull strings to get the lease agreement signed.

In the fourth year, the price will return to 300,000 or higher.

The entire fishing tackle industry is now in its off-season after the National Day holiday. Due to factors such as large temperature differences and unstable air pressure in the Yangtze River basin, it is difficult to catch silver carp and bighead carp, resulting in fewer shipments.

But it was precisely the perfect time for large-scale production, and Qin Dahe himself also had to start working on the factory renovation.

Having ten years of experience as a factory manager, he was not satisfied with the current factory layout and wanted to adjust the production lines.

Production, quality inspection, storage, and delivery all need to be well-organized at each stage.

(End of this chapter)