Fourth Spirit Stone Financial Crisis

Fourth Spirit Stone Financial Crisis Chapter 56

2022-04-02

Chapter 56 Self Defense

See Li Qingning and Yang Lu were both shocked by their own financial reports, He Mingyuan's smile became more and more confident.

What he didn't know, however, was that the thing Li Qingning hated the most was that others looked down on her. She directly characterized He Mingyuan's confident smile as a mockery of her own incompetence.

So Li Qingning fiercely threw the ledger on the conference table, and asked loudly, "Mr. He, in the past three years since the establishment of your Sunset City branch, you have hardly contributed any profit to the headquarters. Don't you have your own problems?"

Eldest Young Lady couldn't find an objective problem, so she began to directly question the other party's motives.

However, Li Qingning's stern performance did not deter He Mingyuan from Old Fox, who has been in business for more than 20 years.

He Ming was far from being afraid when he heard Li Qingning's stern question, but instead responded loudly: "Eldest Young Lady, this is the cruel commodity market! If the money in the commodity market is so lucrative, all the Traders can make steady profits without losing money, so how can there be poor people in this world?"

He Mingyuan is actually stealing the concept.

Commodity markets are brutal, but only for speculators.

The Qingning Chamber of Commerce is a trader who does physical transactions. Although this type of trader cannot make as much profit as a speculator, it will not fail to make money for two consecutive years.

He Mingyuan also seemed to know that his logic was flawed, and without giving Li Qingning any time to react, he followed up on the victory and said, "I, He Mingyuan, have been working diligently for so many years. Dividing money. Even if you change someone to be the steward of this Chamber of Commerce, it is impossible for you to do better than me!”

The impassioned speech of steward He, combined with the clean ledger, is like being A national hero who was unjustly killed by a faint king.

Li Qingning pursed her delicate mouth, stared at He Mingyuan for a long time, and finally sat back in her seat: "Could it be that Qingning Chamber of Commerce is really unlucky, every time he buys food, he Catch up with the high grain price?"

Seeing Li Qingning's attitude softened, He Mingyuan said sincerely: "Eldest Young Lady, this is why the Seacliff Chamber of Commerce never engages in purchasing in person, but instead Outsourcing business to major suppliers is all to avoid profit uncertainty caused by price fluctuations. In business activities, victory and defeat are commonplace in battles, and no one can succeed casually!"

Li Qingning sat in a chair dumbly. She looked a little lost. Obviously, the loss of more than 10,000 Spirit Stone Coins hit her a lot.

She really couldn't understand why she couldn't make money even in such an open and transparent business as food procurement?

Obviously other Chamber of Commerce can make some hard money more or less!

Is it really because of my bad luck?

Li Qingning's mood was originally a little depressed because of Li Qingyang's affairs. After hearing the news of the huge loss in the grain trade of Sunset City branch, her heart became more depressed, and she subconsciously turned to Yang for help. Lu.

Seeing the pitiful appearance of Eldest Young Lady, who was about to cry, Yang Lu knew it was his turn to appear.

He took the ledger and glanced at it briefly, then threw it aside, and clapped lightly: "I didn't see it, in our Qingning Chamber of Commerce, there is even a congratulatory letter. Such a good cadre with integrity and integrity!"

As if he did not hear Yang Lu's sarcasm, He Mingyuan devotion to righteousness that inspires reverence: "When I was down, it was Eldest Young Lady who took care of myself. I was promoted from the market to the general manager of the Sunset City branch. For this kindness, I am unforgettable! Sharing the worries for the Eldest Young Lady and the Qingning Chamber of Commerce is exactly my duty as He Mingyuan!”

He Mingyuan's upright face with Chinese characters, coupled with his grand speech, is simply Earth's model actor.

Yang Lu tapped on the table lightly, interrupted the other party's improvisation, opened the mouth with a smile and said: "The standardization of grain transactions is extremely high, if all spot transactions are carried out, the cost fluctuation is too high. Violent, not to mention the Qingning Chamber of Commerce, I estimate that the overwhelming majority of downstream merchants will go bankrupt because of this..."

Seeing that consultant Yang, who had never spoken, finally made his move, He Mingyuan quickly cheered up and asked back. Said: "The price of commodities fluctuates with supply and demand. This is a natural principle. I wonder if Consultant Yang has any insights?"

Yang Lu looked at He Mingyuan meaningfully, slowly opened the mouth and said: " As far as I know, most of the grain transactions in Sunset City are not based on spot prices, but are settled based on the forward contract prices signed by buyers and sellers in advance, so as to avoid sharp fluctuations in grain prices in the future. Cause unnecessary losses, I don't know if I'm right?"

Li Qingning obviously didn't know there was such a thing, and immediately turned his suspicious eyes to He Mingyuan.

The professional level of the questioner can be seen from the questioner's question. The specific business question raised by Yang Lu is obviously higher than Li Qingning's "air to air" question, which makes He Mingyuan Can't help but feel nervous.

However, his "righteous national character face" still doesn't change, and he said generously: "Manager Yang is really familiar with the doorway of commodity trading. Yes, many grain buyers will meet with producers. Sign purchase contracts for the next few months in advance to lock in future transaction prices. Our Qingning Chamber of Commerce has also done this. For example, last year we signed four forward purchase contracts, and the year before last we also signed three forward purchase contracts , there are records in the account books."

Yang Lu asked with interest: "Oh? Then why didn't you sign a forward purchase contract this time?"

About this Question, He Mingyuan was also prepared.

"There is also a problem with the forward contract!" He took a deep breath and explained slowly, "Sunset City branch received a purchase request from the headquarters seven months ago, asking us to purchase 20,000 tons of japonica rice was delivered to the Seacliff Chamber of Commerce this month, and the spot price of japonica rice was about 4.1 Origin Spirit Stone Coin per ton, which was much higher than the historical average.”

Li Qingning added Not a thorough arm-flinging shopkeeper, I still have some understanding of the general situation of rice trading.

She nodded confirmed He Mingyuan's statement: "Yes, the price of japonica rice rarely breaks through 4Origin Spirit Stone Coin in previous years."

He Mingyuan saw Li Qingning agree with his statement, so he Continue to introduce: "According to the industry regulations of Sunset City grain trading, when a forward contract is signed, we as the buyer must increase the price to make a deal, which is the so-called forward premium. Therefore, the comprehensive cost of signing a forward contract at that time was as high as per ton of japonica rice. 4.6Origin Spirit Stone Coin, compared to Seacliff Chamber of Commerce 5Origin Spirit Stone Coin, only has an 8% profit margin."

Li Qingning raised his eyebrows and said, "You dislike the profit of this transaction. The rate is too low, so you bet on the price of japonica rice falling?"

"Eldest Young Lady wise!" , and the price of japonica rice was at a historically high level at that time, we judged that the spot price of japonica rice was unlikely to rise above 4.6 yuan, and the probability of the spot price falling was greater, so we refused to sign a forward contract... It’s a pity that it didn’t work!”

According to He Mingyuan, since the spot price of japonica rice was too high when the Seacliff Chamber of Commerce placed the order, after careful consideration, he decided not to sign a forward contract, but to purchase in the spot market when the time comes, as long as In the next six months, the spot price of japonica rice will not increase by more than 15%, and He Mingyuan's decision can greatly increase the profits of Chamber of Commerce.

Unfortunately, unforeseen circumstances and sudden floods caused the price of japonica rice, which was already at a historically high level, to see a rare surge again, which led to the current passive situation of the Qingning Chamber of Commerce.

(end of this chapter)