Chapter 103 Xie Peng: I laughed at Lin Chen for destroying himself!

Style: Science Author: Dr. YingmanWords: 2264Update Time: 24/01/18 04:01:46
After all, many game companies in the island country do not recognize RMB. They only recognize Japanese yen and US dollars. If you hold RMB in the past, no one will want your money.

And to be honest, there is really a shortage of foreign exchange in this era. Although the scarcity of foreign exchange has decreased after Daxia joined the WTO, for now, foreign exchange is still very scarce.

Therefore, Sugon Technology needs to prepare enough foreign exchange in advance to cope with the subsequent payment of funds for the exclusive agency rights of mobile games.

Time passed so quickly. Only two days later, Sugon Technology officially reached a loan contract of up to 400 million Xia Yuan with China Construction Bank.

The news of this loan was reported by major media and soon became a sensation across the country.

After all, with Sugon Technology's official loan reaching 400 million yuan, this will mean that Sugon Technology's mobile phone factory with a monthly output of 1 million units and an annual output of 12 million units is about to be launched.

With an annual production capacity of 12 million mobile phones, what level will Sugon Technology's future strength reach?

Even though Sugon Technology has a monthly production of 220,000 units, it is still at full production and full sales. This means that Sugon A1 mobile phone sales still have potential to be tapped!

In this case, the production capacity of mobile phone factories is actually one of the obstacles limiting the next development of Sugon Technology.

Now that Sugon Technology has the funds to build a new factory, where will Sugon Technology go next?

Everything makes people speculate, discuss and even argue. No one can convince anyone. After all, the answer to future events will only be given in the future.

Under such circumstances, the news popularity of Sugon Technology, which had weakened for several days, suddenly exploded.

Many people who follow technology news lament that Suguang Technology has become a frequent guest in technology media without knowing when.

Therefore, with this wave of news, Sugon Technology is actually equivalent to the news popularity that can only be achieved by winning millions of advertising dollars, which has once again raised the competitiveness of Sugon Technology's brand to a higher level.

"What a bunch of stupid guys."

In the headquarters of Jinli Mobile Phone, Liu Zirong saw the newspaper in his hand and made a mocking remark.

In response, Lu Weibing on the side frowned and said:

"But no matter what, it is indeed a fact that Sugon Technology received 400 million yuan in cash."

Hearing this, Xie Peng shook his head slightly and said:

"Although they have received 400 million yuan in cash, according to the information I have found, they will not actually start production until early February.

In other words, there is still a little more than two months left for us. "

"A little over two months?"

Hearing Xie Peng's words, Liu Zirong and Lu Weibing both had a hint of joy on their faces.

Because a little more than two months is too long, so long that it may change the fate of a company at any time.

"That's right, just over two months!"

Xie Peng nodded slightly to confirm his words, and then said with a sinister look:

"Although Sugon Technology seems to have become one of the top five mobile phone brands in China, I have carefully read all aspects of Sugon Technology's information in the past few days and analyzed the information of Sugon Technology and Lin Chen.

I found that although they have achieved success, they are actually only one step away from bankruptcy. Many of Lin Chen's actions are so stupid that they are actually no different than seeking death! "

Hearing Xie Peng's words at this time, Lu Weibing and Liu Zirong both looked at him in shock.

Now Sugon Mobile has become one of the top five mobile phone companies in China, and its profit is not much less than that of the current domestic mobile phone leader Boda Mobile?

Under such circumstances, Xie Peng actually claimed that Sugon Technology was only one step away from bankruptcy, and he even disdained many of Lin Chen's decisions. What was going on?

However, facing the surprised looks from the two of them, Xie Peng smiled disdainfully and said:

“I have carefully read a lot of information about Sugon Technology, analyzed Sugon Technology’s actions, and found that they are actually walking a tightrope now.

They made two moves that were simply stupid. The most stupid one was their arrogance and they directly launched a new factory construction plan with an annual output of 12 million mobile phones.

What's even more stupid is that the total investment in this new factory seems to be as high as 300 million!

The construction cost of this new factory is too high. The total investment of Nanfang Hi-Tech in building a factory with an annual output of 10 million mobile phones is only 200 million.

But Shuguang Technology spent hundreds of millions. This is simply a lack of strength and they want to get it done in one step. They pretend to be bigger than that! "

Hearing this, Liu Zirong and Lu Weibing both nodded slightly to express their approval.

The construction cost of Sugon Technology's new factory is indeed a bit high. After all, Nanfang Hi-Tech only spent 200 million to build a new factory with an annual output of 10 million mobile phones.

You spent a total of 300 million yuan on this, which is 100 million yuan more than other people's construction costs.

"The second stupid move is that they actually used 7% of the company's profits to purchase exclusive rights to mobile games.

This behavior is simply stupid!

Just illegally transplant those FC games. As long as it's done secretly so that Nintendo and those game companies don't get ahold of you, why do you need to give money to those game companies?

Now that Sugon Technology is doing this, I think this alone may cost Sugon Technology tens of millions or even hundreds of millions of dollars a year.

Therefore, this move will definitely seriously slow down the development speed of Sugon Technology!

Moreover, it is said that Sugon Technology's 400 million yuan loan contains 100 million equivalent yen, and this 100 million yuan equivalent of yen will be used to purchase the exclusive rights to mobile game rights for those games.

Hahaha……

Loaning 100 million Xia Yuan to purchase the mobile game agency rights for the game, haha, is simply stupid! "

Facing Xie Peng, who was laughing and mocking Lin Chen's many decisions, Liu Zirong and Lu Weibing both nodded slightly in agreement.

"So, Sugon Technology is a bit blind and arrogant, and they don't want to see if they can maintain the current sales of mobile phones!"

Speaking of this, Xie Peng's lips became more and more sarcastic, and he continued:

"I really want to know how Shuguang Technology, which is burdened with 400 million yuan in debt, will deal with the situation in the future when Jinli mobile phones are sweeping the world after the launch, and how will it find a way to repay the loans of these 400 million people?!"

"Okay, Xie Peng, you said it well!"

Faced with Xie Peng's many analytical words, Liu Zirong felt that the pressure he had been carrying suddenly relaxed.

Because he found that Xie Peng's analysis was correct, and Sugon Technology had indeed made many risky moves that put the company on the verge of bankruptcy!

But the premise of all this is that Sugon Technology's development is going smoothly and Sugon Technology's mobile phones can still sell well.

If there is a huge problem with Sugon Technology's mobile phone sales and the company's capital chain is broken, Sugon Technology may go bankrupt!

(End of chapter)