I Want To Be a Rich Man on Hong Kong Island

  Chapter 515【New Direction of Zipper Group】

  Wu Guangyao's second stop, he came to the Zipper Group and convened the executives.

  Zipper Group is already very strong in terms of strength, and the annual report of last year (1971) will be published soon;

  It is certain that the annual profit of the Zipper Group will exceed 100 million US dollars!

  Among the zipper industry is expected to contribute 70% of the profit, where does the remaining 30% of the profit come from?

  It turns out that this 30% profit is divided into two parts:

  The first part, YKK zipper led by Tadao Yoshida, the income brought by the investment in nylon, chemical products, copper ore, aluminum ore, etc.; this part of the profit accounts for about 18% of the group's profit.

  In the second part, Yaoshi Industry has already been deeply involved in machinery manufacturing and metal smelting. Currently, it has invested in many places in Asia to build factories; this part of the profit accounts for about 12% of the group's profit.

  Among them, the machinery manufacturing of Yaoshi Industry is undoubtedly a key development direction for Wu Guangyao!

  The reason why Wu Guangyao wants to develop machinery manufacturing is also driven by a sense of responsibility;

  In previous lives, Hong Kong’s industrial output value once accounted for 40% of Hong Kong’s GDP. That was the most glorious moment of Hong Kong’s industry;

  Until the first oil crisis broke the balance in 1973, the proportion of industrial output value began to decline;

  The primary processing and manufacturing industry suffered a double blow during the oil crisis:

  On the one hand, the price of petroleum raw materials is high, and the cost is unstoppable;

  On the other hand, trade protection is launched globally, and customers can’t figure it out.

  For Hong Kong, there is a third blow:

South Korea, Singapore, and Taiwan are now desperately developing their export economies, and Hong Kong, which once led all industries in the world, showed fatigue; in the textile, shoemaking, plastics, hardware, electronics, and machinery industries, South Korea’s exports in the early 1960s The total amount is less than a fraction of Hong Kong's, but in 1975, South Korea and Taiwan already surpassed Hong Kong.

  Hong Kong lags behind in the pillar industries of textiles, plastics, and metals;

  The remaining advantages are only reflected in toys and ready-to-wear.

  Fortunately, Hong Kong's electronics industry began to exert its strength afterwards, and exports increased from HK$1 billion to HK$13.4 billion, making Hong Kong the second largest industry in manufacturing after the clothing industry.

  However, none of these industries persisted until the millennium;

  By the millennium, Hong Kong’s industrial output value is only about 3% of GDP.

  There are only a handful of industrial companies with annual revenues of more than 10 billion yuan;

  The more representative ones are VTech (electronics), Chen Hsong Machinery, and Dechang (Electric).

  In the conference room, senior executives of the Zipper Group gathered together, but Tadao Yoshida was not among them;

  The development of the YKK zipper at this time has exceeded one's expectations, just like a wild horse;

  Tadao Yoshida is an outstanding entrepreneur in his previous life. He brought YKK zipper to a group scale, and its revenue has a trend of surpassing the zipper group;

  Zipper: YKK zipper has surpassed PG zipper in terms of word-of-mouth. Wu Guangyao once investigated the reason and found that the quality of workers is a big reason, and secondly, it is also related to the leadership of Yoshida Tadao;

  Investment: Tadao Yoshida invested a large amount of copper and aluminum ore in South America, and invested in nylon and chemical products in Japan, which is very ambitious.

  Of course, Wu Guangyao is not worried, because he always holds absolute equity in his hand and insists that YKK zipper is not listed;

  While Wu Guangyao insisted that YKK zippers should not be listed, there are two Japanese listed companies under YKK Zipper, which can be regarded as a compromise by Wu Guangyao for the development of YKK zippers.

  The reason why Hong Kong's PG zippers are weak in succession is that Hong Kong's labor is no longer cheap and the quality of workers is not as good as Japan;

  Cheap labor is one of Wu Guangyao’s magic weapons to defeat Tadao Yoshida;

  Of course, when this advantage is not there, Tadao Yoshida’s advantage is reflected;

   Fortunately, he has been domesticated by himself at this time!

  The meeting began, Wu Guangyao took the lead and said: "Zipper Group must be aware of the crisis and find a new way out!"

  Li Bing, the president of the Zipper Group, suddenly looked dull. The boss’s words seemed to compare himself with Tadao Yoshida;

  Li Bing does not admit that he is inferior to Tadao Yoshida. The Zipper Group is now almost caught up by the subsidiary YKK Zipper. The culprit is actually the boss, Wu Guangyao;

  Because at the beginning, when the Zipper Group made a lot of profits, the boss basically drew most of the profits and invested in shipping, which made the Zipper Group’s diversification miss the opportunity.

  However, this is the boss’s general policy. I am just the president of one of the group companies. How can I resist?

  Li Bing said: "Yoshih Industrial's machinery manufacturing and metal smelting are developing very well. I think the group can increase investment in these two areas."

  Lin Yongdong straightened his waist immediately. This is related to the Yaoshi Industry he is responsible for!

  Wu Guangyao looked at Lin Yongdong with an expression of appreciation on his face;

  Although Lin Yongdong is his wife and uncle, he definitely relied on his strength to reach the position of president of Yaoshi Industry;

   is the resume, and Lin Yongdong is also super eye-catching. It can be said that Wu Guangyao has won the treasure!

Wu Guangyao said: "President Li is right. If the Zipper Group wants to make a breakthrough, Yaoshi Industry must take this responsibility. At present, our injection molding machines, zipper machines, and stamping machines are developing very well; then, next, we What other fields can I enter? I personally think that we must understand the truth of how greedy is not chewing, so we must carefully choose some machinery manufacturing fields; first do not seek profit, first lay a solid foundation, and look forward to the later outbreak!"

  Lin Yongdong said: “Textile machinery and terminal machinery can be a direction! If the boss can persuade the Chinese University or the University of Hong Kong to set up a mechanical major, I think the machinery manufacturing on Hong Kong Island will also have a lot of competitiveness and vitality!”

  Lin Yongdong knows that his brother-in-law definitely has this energy. After all, the School of Chinese Medicine and the School of Electronic Engineering were established with the support of his brother-in-law.

  Wu Guangyao nodded and said, "Well, talent is indeed an important factor restricting us; I will fill in this shortcoming as soon as possible. I will work hard to make it happen in technical schools, colleges and departments."

  In the past, Hong Kong Island’s industry declined due to two main reasons:

  First, the Hong Kong government does not pay attention to it. Of course, it is called non-interference and free economy;

  Second, land is too expensive, everyone wants to develop real estate, who is happy to develop industry?

  In this life, Wu Guangyao is about to bring Hong Kong's industry back!

  Samsung Group can account for 25% of South Korea’s GDP, so Wu Guangyao’s enterprises can also account for more than 25% of Hong Kong’s GDP;

  Moreover, what Wu Guangyao wants is the common development of the Wu family and Hong Kong!

   Again, at this time, the total output value of the Wu family’s enterprises seems to have already accounted for 25% of Hong Kong’s GDP;

  Next, everyone expressed their opinions, but they all started out around the development of Yaoshi Industry.

   "By the way, the brother company Baiyou Group intends to enter the beverage industry. In the later stage, a large number of cans will be needed. Yaoshi Industry can set up a subsidiary to specialize in packaging." Wu Guangyao reminded.

   Yaoshi Industry itself is a large-scale aluminum alloy manufacturer in the world, and has established multiple factories in Southeast Asia;

  The injection molding machine of Yaoshi Industry is also very advanced, and can also be extended to the manufacturing plastic bottle industry;

  Therefore, there are many resources in various aspects to develop the packaging industry.

   "Okay, boss!" Lin Yongdong is very motivated, thinking in his heart that Yaoshi Industry will probably surpass PG Zipper.

  After a meeting, Wu Guangyao feels very happy!

  For Wu Guangyao, no matter which industry, if you decide your own general policy and then spend money, the final result will not be too bad;

  Even if it is not a top-level success, it still accounts for at least a big hole!

  For example, in the machinery industry, the height of future growth is totally unknown;

  But it’s better to have something than nothing. High-end can’t do it, but mid- to low-end can always do it;

  In the future, the annual output value may not be 100 billion yuan, but there will always be tens of billions of annual output value!

  Others invest like Wu Guangyao, they may be greedy and not chewing;

  But Wu Guangyao will not, because it is too easy to make money by yourself;

  Even if you have suffered losses in the industrial sector for decades, for yourself, you can completely supplement it from finance (value investment);

  Furthermore, long-term investment in research and development will not be without gain!

  (End of this chapter)