Back to eighteen, if I don't stand up, I'll be wasted

Chapter 107 Current Status of Dingsen Group
Half an hour later, Yu Jing knew the situation.

It was after she came to school that she heard seniors talk about Yunzhou University of Technology's morning exercise check-in system. Even though she had been in Yunzhou for so many years, she didn't know about it before.

The clock-in system is outrageous. You have to go from the dormitory to the south gate, and then to the entrance of the campus building. Only after you clock in at both ends can you be considered to have clocked in successfully.

Her dormitory was far from the South Gate and not close to the Sports College either.

If she helped Li Yi punch in, she would have to make a special trip to the remote corner of the Nursing College every day, walking at least one more kilometer, which means two kilometers round trip.

The military training hasn't even started yet, but I've already accumulated hundreds of kilometers of debt.

"Dad, is Wuyou Media really worth 20 million?"

she asked.

Yu Mancang said, "It's not worth it, but the new company is. Li Yi is a man of many ideas, and I don't dare to take too many shares, lest he have any ulterior motives. Otherwise, I would have wanted to completely control the new company. Although the new company has a simple structure, it has very good sustainability and a very promising future. It's a genius project."

"Okay then, I'll try to get the contract done quickly."

Yu Jing also learned little by little and is now able to become a qualified secretary.

"It's not too urgent. He also has to participate in military training, so he won't have time to do it in the past two weeks."

……

Dingsen Group loses nearly one hundred yuan for every pig it sells.

The current price of live pigs is only about 13 yuan per kilogram.

It is equivalent to six yuan and a half per kilogram.

The price of pork on the market is between thirteen and twenty yuan per pound.

But they don't have sales channels and can't make that money.

Originally, Dingsen Group could make money from slaughtering pigs, earning more than 100 yuan for each pig, but the pork market has been bad recently, and they have to beg others to buy more live pigs. Except for the quarantine fee, the slaughtering project is free.

He mainly supplies major supermarkets and vegetable markets in the province, and the production capacity can only be absorbed after going through several vendors.

After all, an average of seven to eight hundred heads are slaughtered every day. When it comes time to slaughter, raising them for one more day means losing one more day.

In the procurement chain of Dingsen Group, only Fuyuan Supermarket did not lower their prices, while others were all lowering their prices.

It seems that the company has hundreds of millions of dollars in revenue every year, but in reality, it not only loses nearly 10%, but also loses several points of interest.

After the turmoil of the downward cycle and the expansion of production in the upward cycle, Dingsen Group is already heavily in debt and loses 20 to 30 million yuan a year.

With Jiang Minghui's family background, he simply couldn't afford such a loss.

He recently decided to return to his hometown village to continue slaughtering pigs.

Kill the pigs yourself and sell them bit by bit, you can make a few hundred dollars more from each pig.

If you sell two a day, you can make an extra thousand yuan.

However, there is no such market situation now. We have to wait until the end of the year before pork will be easy to sell. It is possible to sell five or six pigs a day.

But at least I can still make some money now. Even if I only make one or two hundred yuan from a pig, selling one every day is better than sitting at home and eating up all the money.

Feng Changhui saw Jiang Minghui carrying out his old pig-killing tools and asked, "What are you doing?"

"Kill the pig! Didn't my daughter give me 30,000 yuan? I plan to use the 30,000 yuan to buy some pork and then set up a stall to sell it."

Feng Changhui didn't know whether to laugh or cry. "That's fine. I'll go over and hold the plastic bag for you."

"That won't do. It's too tiring to work from dawn to dusk." "You know, with your health, if you keep working from dawn to dusk, your daughter might have to go to the hospital to see you before she finishes the first semester."

"What should I do?"

"Just wait. We've already scraped together over a million yuan, which should cover at least two months' salary. Let's wait and see. It's a good time to recuperate. What if the price of pork goes up? When you were making money, it was understandable that you drank every day. Now you're losing money. If you ruin your health, wouldn't both sides lose money? I won't do this kind of work."

"If the company goes bankrupt, how will I explain it to my daughter?"

"My daughter didn't come to be your daughter just because you're rich. Besides, she can earn money on her own now, so why should you worry so much about her?"

"That bastard Wang Qishan is not a human being. Li Li helped him so much, and only gave him a 50,000 yuan bonus. Even 500,000 yuan wouldn't be too much."

"Didn't they give a gift of 200,000 yuan and waive the venue fee?"

"That's because that old man Wang Qishan took advantage... My daughter is just too naive."

"Just like you, an old hand, no one looks down on you. You're worthless now, so don't even think about trying to make a living. Take care of your health first. If the company doesn't work out, you can always find other work in the future. Otherwise, with your current situation, no one will want you no matter what job you do."

Jiang Minghui sighed: "If I had known earlier, I wouldn't have been greedy..."

He is just greedy.

In the past few years, the pork market was good, and a farm made him tens of millions.

Then he started borrowing money and set up another one on a larger scale in the suburbs of Yunzhou.

As a result, just as it was done, it encountered a downward cycle, which lasted for two consecutive years and directly dragged the company down.

As long as he can hold on and wait until the upward cycle of pork prices comes, he will definitely make 400 to 500 million yuan a year.

However, what came before the upward cycle was a broken capital chain.

Even though the company has income every day, the money is either bank interest or feed payment.

The bank interest was deducted directly. The feed manufacturer could have waited, but after being delayed for several months, they ran out of feed. Jiang Minghui had no choice but to give them the money first.

Once the feed is cut off, Dingsen Group will be finished. After all, old partners are definitely more tolerant than new partners, and it does not have the capital to find a new feed factory, and the price of the new feed factory will only be higher.

Now, either they have to endure the loss of two to three million every month, or they will go bankrupt and liquidate directly.

"Entrepreneurship is all about taking advantage of opportunities. If you don't take advantage of opportunities, it's not really entrepreneurship. It's normal to make mistakes. We're not big shots, so it's not our turn to get guaranteed profits."

"You know what? I didn't understand why Wang Qishan didn't invest more in Yunzhou before. After all, Yunzhou has a bigger market. Now I understand. He's just exercising restraint. In this regard, he's really good."

After saying this, Jiang Minghui's cell phone rang.

Feng Changhui said on the side: "You are not allowed to go out for drinking."

"Why are you so nervous? It's just a phone call."

After saying that, he answered the call.

"Hello, I'm Jiang Minghui..."

"Hello, Mr. Jiang. I'm the purchasing manager of RiRiXiang. I'd like to discuss a purchase with Dingsen Group. Is Mr. Jiang available now?"

"When you're free, when you're free!"

What is RiRiXiang? Jiang Minghui has never heard of it.

But as long as it's business, he is willing to talk about it now.

(End of this chapter)