Journey 1995:Non-Stop

Chapter 395 Planning
The key issue is whether Yan Hui, as a major client, truly has the financial strength to repay his debts. Yan Hui currently has over ten million yuan in loans with the Agricultural Bank of China, but he can easily pay them off and then switch to another bank—and no bank would abandon such a client.

"Do I have a third option?" Sun Lei asked with a bitter expression.

"Since you insist, then let's keep things the same. Just pretend I didn't contact you today." Yan Hui nodded and chose to give up.

You can't really solve this kind of thing by putting pressure on people.

"Thank you, Mr. Yan." Sun Lei breathed a sigh of relief.

Yan Hui nodded slightly, but sighed inwardly.

In January 2008, the Labor Contract Law officially came into effect, introducing requirements for non-compete agreements for the first time. In reality, most companies failed to comply with the Labor Contract Law in 2008. The law clearly stipulates that if an employer and employee agree on a non-compete agreement, the employer must provide the employee with monthly economic compensation during the non-compete period. However, if Sun Lei resigned, obtaining this compensation would be extremely difficult.

In short, at this stage, no one really cares about non-compete agreements, but since Sun Lei cares about them, it shows that he is a person with a strong sense of contractual responsibility, which is something Yan Hui likes very much.

“That’s nothing, um. Let me explain some things about this position to you,” Yan Hui thought for a moment, “Logically speaking, my cooperation with your bank is mainly through Heng Hui Chemical, while the risk control manager I found is from a steel company. Although there are many connections, they are not directly related. The non-compete agreement isn’t the core issue. Especially with today’s non-compete clause, it’s difficult to get compensation if you resign. You have no rights, and in fact, you have no obligations. Am I right?”

After speaking, Yan Hui interrupted Sun Lei, who was about to speak, saying, "My current steel trading company has a monthly trading volume of about 4 tons, an annual turnover of 1200 million yuan, and a comprehensive profit margin of 3%, which means an annual net profit of 1 million yuan. If you are willing to come, I can give you 2% of the net profit as a bonus, which is income in addition to your salary. In addition, if you save the company from huge losses and play an irreplaceable role in this risk control and loss mitigation process, I will give you 1% to 10% of the first transaction amount as a reward, depending on the actual situation. Besides that, your annual salary of 18 yuan will not be reduced by a penny, and the company will also provide you with a car. However, if you are negligent, you may not receive any net profit bonus."

"Huh?" Sun Lei had worked at the bank for so long that he knew exactly what Yan Hui meant.

If the company doesn't run into any problems within a year, he can get about 40 yuan. If he manages to recover a large amount of losses, the reward may be even more than 40 yuan!

No matter how calm he was, he couldn't remain calm after hearing such treatment.

He has worked diligently to this point, achieving his current status entirely through his own efforts, and has never actually encountered any so-called "opportunity." But today, a golden opportunity has been placed right in front of him!
The key issue is that he really knows Yan Hui very well!
Perhaps Yan Hui didn't know him, but he knew Yan Hui. Back in 2005, he had conducted a background check on Yan Hui, and for the past three years, he had maintained a close watch on him. For clients with loans exceeding ten million, risk control couldn't be neglected. In those three years, he had never seen Yan Hui default, nor had he found any problems with him whatsoever. He was a very pure and trustworthy entrepreneur!
In other words, today's olive branch is absolutely genuine, he believes!
“I’ll give you a month to consider. If you really don’t want to come, I’ll look for someone else. Risk control is still very important to me. You can recommend someone suitable to me if you have any.” Yan Hui ended the conversation.

"Okay, Mr. Yan, thank you very much!" Sun Lei felt a lot of pressure from his conversation with Yan Hui, but also felt his sincerity. He thought for a moment, "I will give you an answer within half a month at most, it won't take up too much of your time." "Okay." Yan Hui finished speaking and prepared to leave. He had only taken a few steps when he seemed to remember something, turned around and said to Sun Lei, "Oh right, there's something I forgot to mention."

"Huh? Mr. Yan, what is it? Please tell me." Sun Lei suddenly became a little nervous again.

“I’ve been traveling a lot lately, and to be honest, my car isn’t quite right for me right now. I’m thinking of getting a Mercedes-Benz S-Class,” Yan Hui said, looking at Sun Lei. “If you come over, you can take my BMW 525, which I’ve had for a year.”

"Huh?" Sun Lei stood there, stunned, as if he'd been electrocuted. By the time he came to his senses, Yan Hui was already gone.

Yan Hui spared no expense in recruiting a risk control manager. He has a keen eye for talent; the moment he saw Sun Lei, he knew this person was capable and could do the job well. You have to treat talent with the same respect you would show them. With Sun Lei and his cooperation with Wang Yongjun, the steel trading business wouldn't be so worrisome. Giving Sun Lei the BMW was also a way of showing others Sun Lei's status, ensuring Sun Lei would waste less time during internal investigations.

Yan Hui's future plans are still linked to the real estate industry. He'll consider entering sectors like tiles, lime, cement, concrete mixers, and machinery if suitable opportunities arise, gradually building a powerful conglomerate. Currently, cement and machinery seem the most challenging.

There are two ways to enter the cement industry. The first is to become a manufacturer, and the second is to become a distributor.

Currently, outdated and highly polluting cement enterprises are about to be phased out, so Yan Hui cannot participate in them. Furthermore, a new dry-process cement clinker production line, aiming for a daily output of 5000 tons, would require an investment of at least 6 million yuan, something Yan Hui had already inquired about. That 6 million yuan is just the base amount; there are also numerous other investments needed, such as cement grinding stations (with an annual output of over 200 million tons), mining, waste heat power generation, and dedicated wharves or railway lines, bringing the total investment to 7-8 million yuan.

A medium-sized cement plant with a daily output of around 2000 tons does not have an advanced precalciner kiln or a waste heat power generation system of more than 10MW (which can generate its own electricity to meet 1/3 of the plant's electricity needs). Its cost is much higher than the standard line of 5000t/d, which puts it at an inherent disadvantage. It is impossible for Yan Hui to develop such a thing.

As for cement distribution, Yan Hui had little interest in it. Cement distribution and steel distribution overlapped in some ways, making it easy to face strong resistance from competitors. It would require managing two completely different warehousing and logistics systems simultaneously, and Yan Hui would rather open a tile factory than have that kind of energy.

As for the machinery industry, it's essentially the machinery leasing industry, similar to what Mr. Ma does. Yan Hui had initially considered it, but during the earthquake, Mr. Ma took great care of him, making Yan Hui feel that entering the market to steal business was not gentlemanly, so he gave up on that idea.

So, after everything settled down, Yan Hui still wanted to try his hand at the tile industry.

(Happy Mid-Autumn Festival everyone. I went out at 4 a.m. this morning and didn't get back until 10 p.m., so the update is late again. Sorry.)
(End of this chapter)