I can become stronger by paying salaries. I have one billion employees!

Chapter 443 Chen Yansen: This production line is probably no younger than me, right?

On July 4th, wispy clouds hung lazily in the sky, and sunlight spilled onto the old canal, its silvery sheen shimmering gently with the ripples.

A panda-themed Ghost drove into Luoyang Town, Changzhou.

Summer's vibrant blossoms add a touch of joy to this remote town on the Suzhou River.

"Suzhou truly lives up to its reputation as one of the wealthiest provinces in East China; even a small town like this has over two hundred factories."

Gao Weilin looked out the car window and couldn't help but sigh.

"In the manufacturing industry, there are no eternal trends, only eternal technologies. Assembly plants have no future."

Chen Yansen smiled and said meaningfully.

"So that's why the boss went to great lengths to poach talent and establish Tiangong Technology, even at the risk of being suppressed, to develop chips on his own?"

Old Gao speaks very skillfully; behind those seemingly rhetorical questions lies praise for Chen Yansen's strategic vision.

"I just don't want to be bullied. Why should the suppliers in Europe and America take the lion's share of a two-thousand-yuan phone?"

Chen Yansen snorted coldly.

"Most mobile phone manufacturers are like that," Lao Gao said with a chuckle.

"Is this all right? I'm the one who should earn this money!"

Chen Yansen immediately revealed his true purpose.

“That’s right!” Gao Weilin nodded in agreement, completing a smooth and successful comedic interjection.

"By the way, I remember your physical exam results last year weren't very good. I've booked an appointment with a specialist at Peking Union Medical College Hospital for you. After you finish dealing with the acquisition of Xinke, give me a week to rest."

Chen Yansen gave his instructions in a calm and unhurried manner.

Old Gao died of liver cancer in his previous life, the year Feiyu Technology went public.

Chen Yansen didn't want Gao Weilin to leave too soon in this lifetime.

If Lao Gao is gone, who will help him manage his money?
Although Zhou Shouzhi was highly capable, he was ultimately an "outsider".

At least in Chen Yansen's view in 2013, they were not considered one of his own.

"Boss, it's just a minor issue. Thank you for your concern. Let's talk about it after the New Year." Gao Weilin shook his head and refused, taking the opportunity to show his loyalty.

"I don't want to say it a second time," Chen Yansen emphasized.

"Okay, boss, I understand." Gao Weilin felt a warmth in his heart and replied with a smile.

When Chen Yansen ordered him around, he didn't treat him like a human being, but when it came to paying him, he was really generous and would occasionally show some affection.

Gao Weilin knew very well that no matter how Zhou Shouzhi, Liao Wei, and Huang Zheng all managed companies valued at over 10 billion US dollars, when it came to Boss Chen's confidants, it was still him, Old Gao!

Whether it's a large or small meeting, wherever General Manager Chen is, Gao Weilin is sure to be there.

When it comes to major investment projects, they are usually handed over to him to handle.

That's what trust is!
A short while later, the Mercedes-Benz MPV in front stopped, and a bright red brand logo was printed on a white wall – Shinco.

The wall plaster is mottled and old, and looks to be more than 20 years old.

The term "new scholar" (新科) signifies the founder's immense ambition to be number one in everything.

He initially made his first fortune by selling radios, and then caught the VCD boom, which completely changed his fate.

In 1997, Shinco VCD's market share increased to 30%, with annual sales reaching 20 billion yuan.

For ordinary people at that time, owning a Shinco VCD player was no less valuable than buying an Apple or Orange smartphone today.

Distributors from all over the country have packed the guesthouses in Luoyang Town to capacity!

However, this period of great success only lasted for three years. The emergence of DVDs pushed Shinco to the brink of collapse.

Out of desperation, founder Qin Shangzhi turned his attention to LCD TVs, but Shinco had neither exclusive technology nor cost advantages, resulting in weak competitiveness and low profits.

In the following years, Shinco continued to chase market trends, and Qin Shangzhi would manufacture whatever was popular.

Air conditioners, GPS navigators, Blu-ray DVDs... Shinco has repeatedly failed in these fields, always stuck in the business maze of "imported components plus assembly," and its huge business has been brought to the brink of collapse.

At this time, Xinke was like an empty shell, and even the screw-tightening process in the workshop had to rely on external assistance.

Of course, this is just an exaggerated mockery, but it reflects the bleak situation of the new leader.

The advertising slogan "The world looks to China, China has new science and technology" is no longer as catchy.

Some of the former supporting enterprises have become listed companies, while others have successfully transformed. Only Xinke has become the "guardian of the village" in Luoyang Town, exuding an aura of impending doom.

After the launch of Orange E1, Chen Yansen had the idea of ​​entering the air conditioning industry, so he asked Gao Weilin to conduct a comprehensive survey in China.

If the acquisition model is adopted, Shinco would be the best choice.

After all, it's rare to find an air conditioner brand that can sell only 50 units a year.

It's important to know that 2013 was a period of rapid economic growth, and the demand for air conditioners in rural markets was extremely high. Even second-tier brands like Chigo, Konka, and TCL did not fall into the same predicament as Shinco.

Qi Siyang, from the Central Office of Changzhou, immediately went to greet the Rolls-Royce with his secretary as soon as he saw the car with the license plate number "Leopard" not far away.

Qin Shangzhi, who is 65 years old this year, reacted a beat slower. He sighed slightly and followed after them.

Both he and Xin Ke had their glorious moments, but times have changed, and Xin Ke is no longer as prosperous as it once was.

Currently, there are only over 5000 employees left. Air conditioning production lines account for more than 70%, audio-visual equipment accounts for 20%, and R&D, administration and management account for 10%.

Barely clinging to life, no one can say for sure when it will collapse. Changzhou didn't want Xinke to fail, so it invested a lot of money, but it was all gone without a trace.

When Qi Siyang learned that Senlian Capital intended to enter the large home appliance industry, especially air conditioning products, he took the initiative to contact Senlian Capital before Gao Weilin even noticed Xinke.

"Mr. Chen, you must be tired from your journey. Welcome, welcome!"

Qi Siyang was exceptionally enthusiastic and humble, ultimately because he needed something from her.

Moreover, Chen Yansen is not without roots. He owns Orange Technology, Pinbei Mall, and Deep Blue Battery, and wherever he goes, he is a respected guest.

He understood better than anyone else in the business world Chen Yansen's standing in the eyes of those at the top.

In short, they are currently at the height of their popularity.

A true calling card for young Chinese entrepreneurs!

He addressed Chen Yansen as "Mr. Chen," which showed respect without appearing overly obsequious.

"Hello, Mr. Qi." Chen Yansen shook Qi Siyang's right hand and greeted him with a smile.

More than a dozen people got out of the two cars behind them, including industry analysts, as well as finance, audit and legal personnel.

Leave professional matters to professionals.

At this moment, Qin Shangzhi also came over. Just as he was about to speak, Chen Yansen took the initiative to step forward and greeted him with a smile: "President Qin, I have long admired your name."

While established entrepreneurs like Qin Shangzhi may have had an element of luck in catching the wave of the times, when such a wave arrives, only a handful of people can rise to prominence.

Although he has lost, his opponent is almost seventy years old, so Chen Yansen will not be too arrogant and will wait for the opponent to come up and greet him.

"Mr. Chen, you flatter me. Your name has only become widely known in the last two years," Qin Shangzhi replied with a smile.

A barely perceptible hint of envy flashed in his eyes.

In his efforts to find a way out for Xinke, he tried all sorts of products, including electric fans and air purifiers.

But Xinke is like a frail old man who can't keep up with the times; he fails at every job he tries.

If Chen Yansen doesn't think highly of Xinke, he plans to do OEM or contract manufacturing; losing face is better than going bankrupt.

Thousands of people depend on him for their livelihood; what can he do?
"If Mr. Qin doesn't mind, I'd like to visit the factory first," Chen Yansen said bluntly.

After gaining a higher status, he spoke much more casually and became too lazy to engage in empty pleasantries with Qi Siyang, Qin Shangzhi, and others.

“No problem.” Qin Shangzhi was taken aback for a moment before he remembered that Chen Yansen was a typical post-90s generation, and his style of doing things was very different from that of entrepreneurs from decades ago.

"Old Qin, give President Chen a proper introduction." Qi Siyang coughed twice, his words carrying a hidden meaning.

"Mr. Chen, please." Qin Shangzhi nodded and led the way.

Chen Yansen and Qi Siyang walked side by side, with Qin Shangzhi on their left.

Gao Weilin and Qi Siyang's secretary followed a step behind.

Behind the crowd followed a large group of dozens of people, including members of the Central Secretariat, as well as representatives from Xinke and Senlian Capital.

Workers passing by in the factory area stopped to look at what was happening. After recognizing Chen Yansen, they quickly hurried back to the workshop and shared, "Guess who I saw outside?"

"Jay Chou?"

"What's Jay Chou doing at our factory? It's Chen Yansen!"

"Holy crap! Really?! Senlian Capital wouldn't be thinking of acquiring our factory, would they?"

Several production line workers looked at each other and discussed in hushed tones.

But there was no sadness in their eyes, only anticipation and excitement.

They had already heard that a few months ago, Senlian Capital acquired a near-bankrupt electric fan factory, and after some restructuring, the factory was revitalized, with monthly sales reaching more than 300 million units.

Most importantly, the factory has also raised the workers' base salary to 3300 yuan. With overtime pay, quarterly bonuses, subsidies and other benefits, workers can easily earn seven or eight thousand yuan a month.

Who wouldn't want to be an employee of Senlian Capital?
They work to make money, and changing to a new boss could bring in several thousand yuan more. They were even more eager than Qi Siyang and Qin Shangzhi to do so.

the other side.

Qin Shangzhi led Chen Yansen into a workshop and pointed to the production line, saying, "This is the assembly and testing module of Shinco Air Conditioning. From the assembly of the outer shell to the installation of internal components, and then to the connection of pipes and electrical wiring, every step follows strict process standards."

"Are the compressor, motor, and fan all imported?" Chen Yansen asked.

The implication is, does Shinco Air Conditioning have its own proprietary technology?
This is no different from the counterfeit mobile phone factories in Huaqiangbei.

Qin Shangzhi opened his mouth, unable to refute. If he had the ability to develop compressors and motors, would he have made Shinco air conditioners into such a terrible mess?

He thought for a moment and said, "Mr. Chen, Shinco has accumulated a certain amount of technical expertise in the research and development of evaporators and condensers. The multi-fold high-efficiency evaporator can improve the cooling and heating efficiency by 12% to 25%."

"Compared to whom? Gree or Midea? Or just a regular folded evaporator?" Chen Yansen pressed.

Qin Shangzhi was slightly taken aback, thinking to himself: This kid is not easy to fool!
Does the journalism program at Virtual City Academy teach these things?

"The data is compared to that of a regular evaporator," Qin Shangzhi replied truthfully upon seeing this.

Chen Yansen nodded slightly and did not ask any further questions.

He stepped forward and glanced at the equipment model, his brows furrowing immediately. He turned to Qin Shangzhi and said, "This production line must be at least as old as me, right?"

"..." Qin Shangzhi was speechless, thinking to himself: You understand this too?

It's not just this production line; over 70% of Shinco Air Conditioning's production lines are products from the late 1990s.

(End of this chapter)