Hong Kong Island's New Rich Era

Chapter 20 Fan Industry
Building C of the industrial park is now used by Chigo Industry. It is also a ten-story industrial building. Chigo Industry only uses three floors. The first floor is a warehouse and office area, and the second and third floors are production workshops.

In the meeting of Chigo Industry, Liu Zhicheng still did not smile. Huo Haiqing knew that the boss was unhappy today and did not dare to say anything. As a newcomer, Niu Guangli did not dare to say a word.

Liu Zhicheng thought for a while before he slowly said, "The sanitation of the workshop must be maintained. This is the most basic thing. I took a look around today and I am not satisfied."

Seeing this, Huo Haiqing was about to explain, but Liu Zhicheng waved his hand to stop him and continued, "Before today, I didn't blame you. Starting tomorrow, I will send someone to check. If it's still the same, don't blame me for being ruthless."

Huo Haiqing and Niu Guangli nodded, indicating that they understood. They dared not add fuel to the fire at this time.

"For Chigo Industry, I would like to make a few points. First, we should learn from the RB factory and always keep in mind the tasks of 'rectification, organization, cleaning, hygiene, quality and safety'. Orange Technology should do the same."

"Okay, Mr. Liu." Huo Haiqing replied.

"Secondly, you have to recruit people for me and establish the brand of the design studio. I want to see new models of fans being born frequently. If you copy, you have to copy the designs back to me."

"When our marketing staff go out to promote products, they must pay attention to the best-selling models in various places. If there are patents, we will imitate them to design new models, and if there are no patents, we will just copy them."

Huo Haiqing couldn’t remember what kind of fan Liu had in his previous life. It had the best sales, so he must have his own flagship product.

Liu Zhicheng remembered that in his previous life, fans from Hong Kong were very popular in Western countries in the 70s, and Liu earned his first million yuan from his fan industry. Liu should have returned to Hong Kong last year and started his fan journey.

Liu Zhicheng thought about this and his plan of small profits but quick turnover. He then asked, "How is our production capacity prepared now?"

"Mr. Liu, there will be no problem in producing 500,000 units per year." Niu Guangli seemed a little nervous.

Liu Zhicheng thought about it for a moment and said, "The production capacity of 500,000 units is too small. We need to expand the capacity to one million units. Also, we are currently a pure assembly company. You must try every possible means to reduce costs."

"There is also the issue of equipment upgrades, which also needs to be put on the agenda. The summer in the northern hemisphere is about to arrive, and our sales staff will set out immediately to compete for the Southeast Asian market first."

Liu Zhicheng thought that before the rebirth, the production capacity of some enterprises was tens of millions of units. Now Chigo Industry is preparing a production capacity of one million units, which the market should be able to absorb.

Perhaps many years later, Liu Zhicheng will also become an alias such as "Fan King" or "Fan Liu", and his name will be recorded in Baidu.

At the beginning of March, we received an order from Nan Ya for 2 ceiling fans. The net profit was as low as Hong Kong dollars. Liu made million, but I wonder how much profit he made from fans.

While I was thinking about these things, the office door was suddenly pushed open, and Liu Yanxin and Yin Huifen walked into the office carrying insulated lunch boxes.

Liu Zhicheng looked at the time and found that it was already time for lunch.

Since the Repulse Bay villa is now available for occupancy, Liu Yanxin and his wife moved to Hong Kong to stay temporarily.

They found a table to use as a dining table, put the dishes on the table, and asked Liu Zhicheng to come over to eat.

"Have you all eaten? Didn't I tell you not to bring me food?"

"We came here after we had eaten."

Yin Huifen sat down at Liu Zhicheng's desk and flipped through the documents of Orange Technology.

Liu Yanxin took some newspapers and sat next to Liu Zhicheng, reading the newspapers and chatting with his son.

I first took a copy of the Economic Herald, a weekly magazine that is well-known in the Hong Kong business community, and started reading it. Liu Zhicheng was on the cover. Hong Kong magician, helping Orange to come back to life! This was their headline.

Liu Yanxin said somewhat dissatisfiedly: "My son is obviously from Macau. If he is called a Hong Kong magician, it should be Macau."

Liu Zhicheng just smiled, did not answer Liu Yanxin's question, and continued to eat his meal.

Liu Yanxin immediately put the magazine down and picked up the Tiantian Daily to read. After a while, he said, "This newspaper is doing well. I heard that it has been growing rapidly recently."

Seeing his father praising Tiantian Daily, Liu Zhicheng smiled and said, "The sales are okay recently, but it is just a vulgar newspaper and cannot be put on the stage."

"Who cares? As long as I have influence, that's all."

Liu Zhicheng nodded and continued to eat his meal, while Liu Yanxin continued to flip through the newspaper to see if there was any news about his son.

Yin Huifen has always been a little worried. Once Orange Technology's electronic products are successful, they will definitely be besieged and blocked by the RB consortium. Liu Zhicheng is currently a little weak.

Yin Huifen put down the documents and asked Liu Zhicheng, "The claw machine business was so hot at the end of last year. Didn't the RB consortium target you?"

"There wasn't one last year, but there will definitely be one next time!"

Liu Yanxin was a little worried and asked hurriedly, "Azi, who are they?"

Liu Zhicheng talked to them about Orange Technology’s next strategy and analyzed the future competitors from the RB consortium.

"With so many companies competing for business, can you handle it?" Liu Yanxin asked with some concern.

Yin Huifen is somewhat pessimistic about the challenges facing Orange Technology. She said: "These electronic groups have accumulated a lot of technology, and their suppliers are all large companies. We are afraid that they will unite and use lower manufacturing costs to fight a price war with you and grab market share."

Liu Zhicheng smiled after hearing this and said, "Dad, Mom, you don't have to worry too much. I will consider these issues."

In order to avoid being attacked by his international peers, Liu Zhicheng would never touch traditional large household appliances such as televisions and refrigerators.

Liu Zhicheng believes that being tripped up by several electronics groups in RB, or being extorted by some American consortiums for shares, will be the biggest difficulty he will encounter in the future. To be honest, the American consortium is Liu Zhicheng's biggest threat.

Waiting for the opponent to become bigger and stronger, and then taking drastic measures to seize it, this is the style of the American consortium. The RB guys attack their opponents through technology and price wars, so Liu Zhicheng is not afraid.

As for how to deal with these crises, Liu Zhicheng had some plans in mind, but they were far from enough.

Seeing their son's relaxed demeanor, Liu Yanxin and his wife didn't say anything more, and let him handle the future situation on his own. Yin Huifen only gave her son the last piece of the puzzle.

Yin Huifen took out a financial document from her desk and said, "Juzi Technology's funds have exceeded 100 million Hong Kong dollars. I took a look and found that all the settlements are placed in Daoheng Bank. This is very unwise. We will have to compete with multinational groups in the future, so we must have support from our bank friends!"

"Only by cooperating with these banks for a long time, when you need financing in the future, will they support you with real money! What you need to do now is to transfer most of your financial business to other banks."

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(End of this chapter)