The years of red flags

January this year is very quiet, unlike this time last year, when the wind was rumbling and people were panicked. Everyone has almost forgotten the unpleasantness of last year, let go of their arms, and welcome the new year.

It's the end of another year, and Jiang Hua has to attend many cocktail parties, not only in the mainland, but also in Xiangjiang and Shanghai. Many groups have also sent him invitations.

In fact, there are such invitations every year, and there are a lot of them. But Jiang Hua is unwilling to participate. For example, in the Shanghai Pudong Development Bank, Jiang Hua is unwilling to participate in every annual board of directors meeting.

But this year it’s impossible not to participate. Many groups have sent important people to wait for Jiang Hua. When the time comes, they will have to drag Jiang Hua along.

He attended seven or eight cocktail parties in a row because his business involved too many aspects.

Therefore, Jiang Hua learned from the painful experience and decided to streamline his enterprises and package and sell some enterprises with relatively low technical content.

When a large group develops to a certain level, it should lose weight. Many domestic companies developed very rapidly at the beginning and intervened in all walks of life. The entire group company is like a small kingdom, bloated.

But it is precisely because of this greed for more that the later development will be inconsistent, and eventually one node will collapse, leading to a complete collapse.

Three days before the company's annual meeting, Jiang Hua held a small meeting with Xu Guanglian and others to discuss the development policy for the new year.

"I want to package and sell all the low-tech companies in the company." Jiang Hua said straightforwardly.

"Boss, all the companies under our group are currently in good profitability. Even companies with very low technical levels have very good business prospects. There is no need to package and sell these companies."

"When the group was first established, I told you that I had no plan to purchase these enterprises. If it continues to develop, it will easily lead to a situation of greed for more and more, and sometimes it will be easy to end up with too much to lose."

Jiang Hua said seriously: "From the beginning of my business, I wanted to be a high-tech enterprise. So when I was at CITIC Group, I initially built the entire Internet industry chain. As a result, my own company was Dongyi Langtou Xiyi. Great, this is not good. In order to avoid those embarrassing situations in the future, we have to take the initiative to make changes.”

"I agree with the boss's proposal." Xu Guanglian raised his hand and said: "This will not only reduce the management costs for the group, but also draw back a large amount of funds. We can invest these funds in industries that we urgently need to develop. Bigger and stronger."

"What industries need to be divested?"

Jiang Hua nodded: "That's the right question. All enterprises that are labor-intensive, have no technical content, and can obtain profits at low cost will be sold off."

The financial director said: "Boss, I have an idea."

"What do you think? Tell me, feel free to say it."

"It's the directors of these companies. They are doing well and have rich experience. If they really want to sell these companies, they may not be able to get a good position with the next company. Can they be contracted, or directly Transfer it to them and take it if you can afford it. If you can’t afford it, you can get a loan or pay in installments.”

"This is indeed a good idea. They have been following me for so many years. At least they have a good relationship. If I let them take advantage of something good, it will not be in vain for them to have worked for me for so many years." "Since the boss agrees, Then let’s make a plan.”

Jiang Hua nodded: "If they are one of our own, you might as well give them some discounts."

The affairs of the subordinate companies are clearly known to the head office. They have all the data and can make a complete plan in three days.

When Jiang Hua was planning this month, he found that Tianting Company, Firefly Company, and the small farm in the northwest were all included in the plan.

Jiang Hua shook his head: "These three industries are not for sale. I gave these two companies to my wife. Although they are now managed by you, they are a reflection of my love for my wife and I, and they are not simple. It’s just a low-tech industry.”

“Does an outdoor company and a canning company have any skills?”

Jiang Hua smiled: "This shows that you have not done thorough research."

Xu Guanglian said sheepishly: "The bosses of these two companies are very cooperative, so when we arrived at the company, we quickly understood the current situation of the company, and basically just watched the work and slacked off."

"These two humble companies have at least over a thousand patented technologies." Jiang Hua said with a smile: "Moreover, they are also responsible for military supplies. Even if we want to sell them, it will be very troublesome."

"It's true that it can't be sold, but what about this farm? It's also small and has almost no profit. It still needs subsidies from the group every year."

Jiang Hua couldn't help laughing, shook his head and said: "This farm is of no great use. It is just an industry I set up on a whim. Its main function is to form a kind of influence for local farmers during the development of the western region. "Let's take the lead as an example. Let's separate this farm from the group company and place it under the name of the Agricultural Research Institute in the west of our research institute."

A few days later, it was time for the group's annual meeting, and general managers from companies across the country came to the capital one after another.

This is not the first time that everyone has met. Some of them are very familiar with each other, and they are starting to show off to each other how much money they have made this year and how much territory they have expanded.

Except for the person in charge of the farm in the northwest who looked aggrieved, everyone else looked potbellied and had the temperament of a nouveau riche.

The person in charge of the northwest farm also secretly made up his mind to make the farm profitable as soon as possible. He did not seek large-scale profits, but at least made money first to avoid further subsidies from the group company.

On the first day, they had a dinner together. Jiang Hua and the leaders got drunk before resting. Many people here have been working with Jiang Hua for more than ten years. Although they don’t meet often, they are very grateful to Jiang Hua. It is precisely because Jiang Hua gave them the opportunity that they became With today’s achievements.

Before the party ended, Jiang Huahua also announced the dividend ratio for this year, which absolutely drove everyone present crazy, except of course the person in charge of the farm, because their farm was not profitable.

When the annual meeting was held the next day, before everyone could speak, Xu Guanglian stood up and said: "Before today's meeting, let me announce something to everyone. The boss has decided to streamline the group company's business. There will be some low-tech companies. The company sells it to the outside world." (End of this chapter)