Rebirth: Return to 1991 to be the richest man

Chapter 997 Sanjiu is also over
While the turmoil in Qiuhai was still brewing, another thing happened that surprised the electrical appliance industry.

In other words, this incident shocked the media across the country.

Just three days later, Zhao Minglin of Sanjiu Group officially announced that Sanjiu would enter the home appliance industry.

Speaking of Sanjiu, the drug that everyone is most familiar with is Sanjiu Weitai.

In [-], Zhao Minglin founded this company.

At that time, the company was still unknown and few people knew about it.

But by the end of 18, it had achieved an astonishing output value of 4 billion and paid more than [-] million yuan in profits and taxes.

Such achievements have made Sanjiu ranked No. 80 among the [-] largest domestic companies.

Zhao Minglin, the leader of Sanjiu, is a very thoughtful person, and he is also a bold and adventurous person.

It was he who said the words about going down the mountain to pick peaches.

In [-], Zhao Minglin went to Sichuan Province and met a manufacturer that produced traditional Chinese medicine injections.

At this time, the factory was at the end of its rope.

The annual output value is only over 1000 million yuan, and the profit is only about 2 yuan. In addition, various arrears cannot be paid in time, and wages can hardly be paid. It is only a matter of time before it goes bankrupt.

After Zhao Minglin found out, he spent 700 million to buy the factory on the spot.

After Sanjiu took over management, the first thing he did was to give each employee a book.

The title of the book is "On the Three-Nine Mechanism", which is a book edited by Zhao Minglin.

Sanjiu then implemented market-oriented management in this factory where cadres could be promoted and demoted, employees could come in and out, and wages could be high or low.

In this way, a factory that was about to close down was revived with vitality.

One year later, the factory's output value reached 1 million yuan, and profits and taxes reached more than 2000 million yuan.

The significant effect of mergers and acquisitions is beyond everyone’s expectation.

In this case, Sanjiu's reputation instantly became famous.

Subsequently, Sanjiu began a crazy acquisition journey.

A while ago, Sanjiu acquired a number of underperforming home appliance companies, and today it announced that it is preparing to enter the home appliance industry.

This is definitely a blockbuster for China's home appliance market.

You know, the current home appliance industry can be said to be very complicated.

Changhong's price cuts, Qiuhai's silence, and foreign capital's eager eyes can be said to be chaotic and turbulent.

The entry of Sanjiu will obviously make this market even more confusing.

Chen Jianghai was also a little surprised when he heard the news.

In his previous life, Sanjiu was involved in many industries, but Chen Jianghai remembered that he had no involvement in home appliances.

Unexpectedly, Sanjiu would enter the home appliance industry in this life.

When Chen Jianghai thought of this, a thought came to his mind. Has history changed because of his arrival?

After thinking for a long time, Chen Jianghai finally shook his head and put the matter down.

Since the matter has already happened, it is redundant to think about it again. It is better to wait for the development of the situation and find out what to do.

Moreover, in Chen Jianghai's view, Sanjiu's intervention does not require too much concern at all.

After all, technology is a very important part of the home appliance industry. Sanjiu's rash entry into the market is definitely not professional enough, so it is nothing to worry about.

Chen Jianghai believes that Sanjiu spans too many industries, which is not a good thing for an enterprise.

Even though Chen Jianghai has invested in so many industries, the main focus of his development is home appliances, and this focus will not change.

Chen Jianghai will invest in other industries, mainly to make money.

The purpose of making money is also very simple, that is to develop the home appliance industry faster.

What Sanjiu is thinking about now is crazy acquisitions to expand its scale.

Chen Jianghai thinks so, but others don't.Many people are somewhat worried about Sanjiu's admission.

In the view of Zhao Minglin, the initiator, as long as the company is large enough, it is a big company.

As for the potential of this company, Zhao Minglin doesn't value it at all.

Sometimes quantity does not actually determine quality.

The more industries a company has under its name, the more problems arise in any link, it may have an immeasurable impact on the entire company.

Sanjiu's entry actually had a considerable impact on Qiu Hai.

Qiu Hai immediately received more criticism.

The media believed that Qiu Hai was at the center of the storm of public opinion and that his life was already very difficult.

Coupled with the appearance of Changhong and Sanjiu, it is hard to say whether Qiuhai can survive this test.

In this case, Qiu Hai's market sales will be even more affected.

The only good news for Qiu Hai may be the overseas market.

Qiu Hai's overseas market has now completely stabilized.

I believe that after some time, Chen Jianghai will be given even greater surprises.

Many domestic appliance companies did not expect that Qiuhai would fall into such a crisis at this time.

Many color TV companies have complained about Qiuhai's previous refusal to lower prices.

They feel that the current price reduction of color TVs is to defeat foreign-funded enterprises.

Anyone who lowers prices at this time is contributing to the revitalization of national enterprises and is worthy of praise.

To do otherwise is a betrayal.

Anyone with a discerning eye can see that this statement is obviously directed at Qiu Hai.

It has to be said that the purpose of this group of people is to make money, but now they can say it so grandly.

Ning Ruifeng can be said to be very proud now. What happened during this period is like a dream.

Before Changhong cut prices, Ning Ruifeng was still worried about Changhong's development.

At that time, most of the color TV market was occupied by Qiu Hai.

At the same time, foreign companies have settled in China, and the entire color TV market is definitely full of powerful enemies.

It is no exaggeration to say that if Ning Ruifeng could not take effective measures, Changhong would be knocked down at any time.

At this time of life and death, Ning Ruifeng also took a desperate gamble and kicked off a super price cut that shocked the Chinese people.

The reason why Ning Ruifeng did this was, firstly, because it was a gamble, and secondly, he was forced to do so.

If Changhong doesn't make some changes, he will really die slowly.

Facts have proved that Ning Ruifeng's choice was correct.

This can be seen from Changhong's current market sales.

Sales more than doubled in one month, which was enough to make everyone jealous.

You know, Changhong's twice the market was snatched away from Qiu Hai and foreign investors.

Now in the whole of China, who can still grab business from Qiu Hai?
Even if it can be grabbed, it is absolutely impossible to have such a large share.

Based on this calculation, Changhong can be said to have won a complete victory in this confrontation between Changhong and Qiuhai.

One month after Changhong cut prices, other color TV companies followed suit, and all of their own products underwent significant price cuts.

There is no way, it has really reached a critical moment where it is impossible to surrender.

If they continue to maintain a wait-and-see attitude, their share will be completely swallowed up by Changhong.

(End of this chapter)