20 years of restarting life

Chapter 3026 Luanchuan Molybdenum Industry
"Luanchuan Molybdenum Industry was established in 69 and is a collective enterprise in Luanchuan County. There are six super-large molybdenum mines in the world with metal reserves of more than 50 tons, including the Shangfanggou Molybdenum Mine in Luanchuan, with a grade (Mo%) of 0.140. There is also the Sandaozhuang Molybdenum-Tungsten Mine, which is currently being explored. It is a molybdenum-tungsten associated ore. According to the data currently available, the grade of molybdenum ore reaches 0.115. Although the grade of scheelite has not yet been roughly determined, the reserves of scheelite are likely to reach large standards. What is lacking now is a comprehensive exploration operation."

Everyone in the conference room smiled, "I understand."

The molybdenum metal smelting enterprise in Luanchuan has been through a very difficult time in recent years. Of the 6000 employees at its peak, less than half are still working in the company. The rest have been laid off and have been trying to find a way to make a living, or have retired and are running to Shen Zhongxing's office and home every day to slam the table and demand their overdue pensions.

The international molybdenum metal price has been sluggish for seven or eight years. This company did very well when the molybdenum price was high and was also a major taxpayer. However, it encountered the double pressure of sluggish prices and the international economic crisis. It has been losing money for several years and is on the verge of bankruptcy. It can't even pay the minimum wages of its remaining 2,000 employees and the pensions of hundreds of retired employees.

Shen Zhongxing approached the county many times, but the county had no money to pay the salaries of thousands of employees. They could only tell Shen Zhongxing that as a company, the purpose was to produce and make profits, not to ask for money everywhere. So they brought the ball to the city, asking the city to come up with advice on how to get out of the predicament.

Shen Zhongxing obviously knew that his own molybdenum metal would not attract the golden phoenix to roost, so he took out this "tungsten ore" that had not yet been developed to lure Zhao Changan.

When Gu Dacong saw that Zhao Changan turned his attention to Luanchuan Molybdenum Industry, he was surprised and delighted.

Like Luoyi Cement Plant, Luoyi Thermal Power Plant, Cotton Textile Plant, Luoyi Machine Tool Plant, Copper Processing Plant, Refractory Material Plant, Bearing Plant, --

Among these enterprises, the cotton textile factory with the largest number of employees has only two thousand workers (including retired workers), but Luanchuan Molybdenum Industry has three times as many employees as this cotton textile factory!
For example, the Chundu Food Factory paid less than 94 million yuan in profits and taxes in 2.

Mining is a high-profit and high-tax industry with so many workers. Once it can be truly revitalized, its impact on Luoyi's economy and people's livelihood will surely be far greater than those companies he had carefully selected before.

"Old Shen, Mr. Zhao is not an outsider, so don't make empty promises. What you said are things that are not confirmed yet. You should talk about the actual data. For example, your production capacity and the difficulties you are facing now. Mr. Zhao can think of things you can think of, and he can also think of things you can't think of. This is the gap between you, me, and the business leaders present here, and Mr. Zhao. It is a fact that there is a gap. Don't hide it and don't admit it. Don't try to fool yourself."

Gu Dacong's words made everyone in the conference room laugh. Seeing that the expression on Gu Dacong's face became lively and gentle, everyone knew that he was in a good mood.

The atmosphere in the conference room, which had always been depressing, became much more relaxed.

"Last year (solar calendar year), the company's revenue was 4.56 million, profit and tax was 3.15 million, loss was 5636 million, the accumulated arrears of pensions was 5800 million, arrears of wages was 3960 million, arrears of electricity bills was 310 million, and overdue bank debts were——"

Before coming here, Shen Zhongxing only thought about making money, not data. As for data, he only had these data in his head that he could easily memorize, which weighed heavily on him. When he was criticized by Gu Dacong, he was a little confused and poured out these data like beans.

The company CEOs in the conference room laughed at first, then stopped laughing, their faces became heavy and gloomy.

In any case, Luanchuan Molybdenum Co., Ltd. had a revenue of 4.56 million yuan last year and paid more than 3 million yuan in profits and taxes. Although it is making a loss, the company is still producing normally.

Looking at my own company, I am not even worthy of carrying other people's shoes, so what qualifications do I have to laugh at others?
Gu Dacong, whose face turned black after hearing this, thought angrily, I asked you to tell me the data, but who asked you to tell me the data?

However, seeing the heavy faces of the CEOs of these companies, I felt a lot more comfortable. It shows that these people still have a sense of shame and a desire to revitalize and improve their companies.

春都集团在94年的鼎盛时期，销售收入超过20亿每年，产品占了全国70%的市场份额，利润超2亿，而当年整个洛邑7县7区615万人口的GDP才193.8亿。

Gu Dacong has a copy of Shuanghui’s financial report from last year. In 99, Shuanghui had sales of 24 billion, total profit of 1.8 million, and net profit of 1.16 million; in 31, it had sales of 2.3 billion, total profit of 1.5 million, and net profit of 33.6 million; last year, it had sales of 2.56 billion, total profit of 1.7 million, and net profit of million.

The total assets of Shuanghui Group have reached 16 billion!
In contrast, Chundu Food’s total revenue last year was 1.4 million yuan, and its loss was as high as 5000 million yuan. In addition, the major shareholder, Chundu Group, still owes the listed company Chundu Food 2.9 million yuan in funds. 10000 million shares of the 9340 shares it held (accounting for 58.36% of the total share capital) were frozen by the Luoyi Intermediate People’s Court, leaving only 660 million shares (4.13%) for Chundu Group to hold freely.

The serious problem that Chundu Group is facing now is that once these 660 million shares are frozen again, it will mean that Chundu Group will no longer be qualified to continue to control Chundu Food. The major shareholders of the 4000 million shares in circulation will definitely make demands that Chundu Food be completely out of the control of Chundu Group.

After this step is achieved, Chundu Food will seek compensation from Chundu Group. The reason why the entire Chundu Group can still survive is that the dozen or so subsidiaries are dependent on Chundu Food, providing products as upstream enterprises and supporting related enterprises. This means that the entire Chundu Group will collapse and disintegrate.

That is why Gu Dacong could not wait to introduce Yinnano into Chundu Food. As long as there is the golden signboard of Yinnano, the Intermediate Court will certainly flexibly agree to Chundu Group and Yinnano to sign the "Equity Custody Agreement" in order to revitalize the enterprise. And as the news of Yinnano entering Chundu Food spreads, the stock price of Chundu Food, which is already ST, will surely rise sharply, which is equivalent to increasing the value of the 62.5% of Chundu Food shares held by Chundu Group in disguised form.

6◇9◇Book◇Bar

The most obvious example is Taihang Pharmaceutical, a listed company originally belonging to Luoyi. When One Nano invested in it, because Kou Yingxian fell into it, the market value of 800 million or 900 million shrank to less than 400 million. However, now the total market value of Lvyuan Group, which was listed through a backdoor listing, has exceeded 8 billion!
The total market value of ST Chundu Food is now 3 million, and the stock price is hovering around 1.9 yuan. Chundu Group holds 62.5% of the shares, which is worth 1.875 million.

If the news that ST Chundu Foods Yinano wants to take a controlling stake gets out, he believes the stock price will definitely reach a new high.