The flowers in the factory of rebirth are too fierce
Chapter 1662: If you don't change your mind, you'll change people 3
That afternoon, Lin Zhiyuan convened a group team meeting. Yuan Zhilong took a leave and did not attend. The four team members in Beijing, plus Jin Kun and Pan Lide, also expressed their opinions over the phone and unanimously agreed to Lin Zhiyuan's proposal.
Also attending the meeting were Wang Jingzhu, the current general manager of Dongtian Electronics, and Hu Xin, director of the group's finance department. The two had no voting rights and could only watch as the group once again withdrew funds from Dongtian Electronics.
Although Lin Zhiyuan once again promised that the group would sign a loan agreement for every penny it borrowed from Dongtian Electronics, and that not only would the principal be returned in the future, but also interest would be paid, Wang Jingzhu and Hu Xin were pessimistic about the chairman's promise.
The group is the father and Dongtian Electronics is the son. The son has to do whatever the father tells him to do and has no ability to resist.
After the leadership team makes a collective resolution, it does not mean that the money will be immediately transferred to Guowei Company’s account.
Even if an investment of 1 billion yuan is divided into several parts, it is still a major investment and must be reported to the Ministry of Information Industry, the Large-scale Working Committee and the State Council. Only after these superior departments agree can the investment be truly implemented.
While the China Electronics Technology Group Corporation was going through the application process, Yuan Zhilong was not idle either. He carefully prepared a document reflecting the problems, recounting all the actions of Lin Zhiyuan in drawing blood from Dongtian Electronics when he became the chairman of the China Electronics Technology Group Corporation. He then personally sent the document to the Ministry of Information Industry, the Large-Scale Working Committee, and even the State Council.
In a super large state-owned enterprise which had just been established for three months, an incident occurred in which a deputy reported the chairman, which instantly caused an uproar.
When Yuan Fei got the news, he was extremely anxious and immediately flew back to Yanjing from Silicon Valley, trying to reconcile the conflict between his father and Lin Zhiyuan.
But Yuan Zhilong was determined. "Don't worry about it. There is no personal grudge between Mr. Lin and me. It's purely because of different work philosophies. I can't watch such a good company like Dongtian Electronics being drained of blood and declining."
Yuan Fei was so anxious that he was jumping up and down, but he couldn't persuade his father at all, so he had to go to Lin Zhiyuan to apologize.
"Xiao Yuan, it's okay. In fact, Mr. Yuan did this for work. He did nothing wrong, so he doesn't need to apologize."
Lin Zhiyuan saw Yuan Fei standing there in embarrassment, at a loss. So he patted him on the shoulder and said, "Xiao Yuan, don't worry, the relationship between us will not change because of President Yuan. I told President Yuan at the time that in three years, he will understand what I did today. If we all work together, it is possible to shorten this time and let the people represented by President Yuan understand my painstaking efforts."
Seeing that nothing could be done, Yuan Fei had no choice but to return to Silicon Valley and continue to focus on the research and development there.
A few days after Yuan Zhilong reported the problem, a joint investigation team composed of the State Council, the Large-Scale Working Committee, and the Ministry of Information Industry entered the China Electronics Technology Group to investigate the problem reported.
The investigation team included several old acquaintances of Lin Zhiyuan, including Qiu Aiju, deputy director of the Finance Department of the Large Working Committee, and Xiang Yaoting, deputy director of the Cadre Supervision Bureau.
When old friends meet, they should drink and chat happily, but it's a pity that it happened at this awkward moment.
For the sake of work, they can only avoid suspicion.
Facing this investigation, Lin Zhiyuan was well prepared and had prepared the corresponding materials.
The group did withdraw funds from Dongtian Electronics several times, but each withdrawal had a clear destination and purpose.
The management fee of 10% to 20% was decided collectively by the Ministry of Information Industry and China Electronics Technology Group Corporation. Not only Dongtian Electronics, but other profitable companies under the group also pay management fees according to this standard.
It is also well documented that the group provided 2 million in cash support to each of the 53 loss-making enterprises. This money was the life-saving money for these loss-making enterprises, which is indisputable.
In addition, the group has also allocated part of the funds from Dongtian Electronics to support key R&D projects of the scientific research center. These include both those selected by the group itself, such as the production line of Jinling Electronics Factory and the monitoring system R&D funds of Qiantang 52 Institute, as well as national military key projects, such as lithography machines and satellite navigation systems.
The expenditure of each scientific research project is detailed and clear.
As for Lin Zhiyuan's previous investment and acquisition in the United States, the expenditure is also clearly recorded and can be checked. If you must find fault, it is that the research and development of the smartphone project is still in progress and no results can be seen yet.
However, the $500 million securities investment had an immediate effect. Because the Financial Department of the Electronics Technology Group currently did not have the corresponding professionals responsible for securities investment, Lin Zhiyuan entrusted this business to Gegang Investment Company, and the person in charge of the specific operation was Li Changan, the director of the Investment Department of Gegang Investment Company.
The Financial Department of China Electronics Technology Group Corporation entered the market after the September 11th Incident, when the U.S. stock market was at its lowest point.
Li Changan bought all the stocks with potential such as Amazon, Netease, Yahoo, and Intel at the lowest point. After nearly two months of recovery, the gains of these stocks are very obvious. Netease is especially so. Thanks to the hit game Legend, Netease's stock price has exceeded the $60 mark. Judging from this trend, the stock price may rise further.
Thanks to these stocks, the Finance Department currently has a paper profit of 30 million US dollars.
Lin Zhiyuan once again proved with solid results that his decision was absolutely correct.
Xiang Yaoting and Qiu Aiju, who had been worried about him, also breathed a sigh of relief.
Lin Zhiyuan is still the same Lin Zhiyuan. No matter how many times he is reported, he remains unmoved. No matter how the wind and rain blow, he is still just strolling in the garden.
As for the recent investment in Guowei, the reasons given by Lin Zhiyuan were also well prepared.
He obtained directly from Zheng Fei the financial statements of Guowei Company since its establishment in 1987. From this table, one can clearly see the development trajectory of Guowei Company.
It took only three years for the company to grow from a small company that could only survive by acting as an agent for products to a medium-sized company capable of independent design and production.
It only took eight years for the annual sales volume to increase from 10,000 yuan to 1.5 billion yuan.
In 15000, Guowei successfully entered the Hong Kong Island market and officially took the first step into the international market. In 120, Guowei's total number of employees reached , and sales exceeded billion for the first time, reaching billion yuan.
In 2000, Guowei's overseas market sales exceeded US$ million.
Facing the investigation team, Lin Zhiyuan pointed at these data and spoke passionately, "Shenzhou Electronics Technology Group not only manages 72 institutes and enterprises under its umbrella, but also shoulders the important task of revitalizing the country's electronic industry. As a representative of private enterprises in the electronics industry, Guowei Company has achieved extremely valuable results. The development over the past decade has been very difficult. As the chairman of the China Electronics Technology Group, I cannot watch such an excellent national electronic technology company hand over the company that I have worked so hard to establish to foreigners because of temporary difficulties. That's why I made the decision to invest. This 1 billion yuan investment includes both an electronic person's affirmation of Guowei's past achievements and confidence in its future development. I know that many people will not understand or even oppose me for doing this, and there are even such people within the group, but compared with the future of an excellent company, I think I can withstand this resistance."
Lin Zhiyuan's speech moved all members of the investigation team. It is said that they reported the speech verbatim to Wen Tiangao that night.
Wen Tiangao was deeply moved after hearing this. "If it weren't for this investigation, even I would have misunderstood Xiao Lin. When I first heard about this, I thought Xiao Lin was young and impulsive, eager to grab power, and didn't respect other team members. But now it seems that I was wrong. Go back and tell Xiao Lin that the investigation can be ended. I personally fully support him."
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