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Chapter 261 Substitution!

Selya's products have no market even if their prices are reduced by 30%.

Customers would rather pay in advance and wait for the goods from Shengguang Solar than buy their own products. Now the reputation of Shengguang Solar's products in the market has come out.

Consumers recognize the Shengguang brand and do not recognize other brands.

It’s not just SELYA that is having operating difficulties, there are also many solar energy manufacturers that are also having operating difficulties.

Han Wenyi returned to his office, took out his phone book, flipped through it, picked out a number and dialed it.

"Brother Han, what's going on?" A middle-aged man's voice appeared.

"Brother Wei, excuse me"

"Brother, I want to take a loan, and I hope Mr. Wei can help me." Han Wenyi said this politely.

"Brother Han, it's not that I don't want to help, it's just that I really can't apply for any loans now."

"Not only you, Brother Han, but also several old brothers called me, but I couldn't handle it. The superiors issued a written notice that all loan applications were suspended starting a week ago."

"Brother, let's think of other ways. There is nothing the bank can do."

Wei Huacai also said this reluctantly. He had known Han Wenyi for decades, and there was really nothing he could do to help him this time.

"Brother Wei, if you tell me the truth, are you targeting me only?" Han Wenyi said this with a gloomy face.

"Brother, it's not about you."

“It’s for all solar companies”

"The current market situation is also clear to the headquarters. Solar companies like you without technology have become increasingly worthless. Your products are too inferior to Shengguang Solar Energy."

"Not just you, all solar panel companies in the country cannot get loans from any bank, because you have no tomorrow."

Wei Huacai told the truth that this matter must be thoroughly explained to Han Wenyi, so that he should not think about getting a loan from the bank, but think of other ways, or sell the company as soon as possible.

No matter how late it is, you won't be able to sell it even if you want to.

"Thank you, Brother Wei, I know what to do." After Han Wenyi said that, he hung up the phone and leaned back, feeling exhausted all over his body.

The entire industry has been squeezed and bankrupted by Shengguang Solar Company. There is nothing to play with. The technology is too different. Even if you invest in research and development now, it is too late.

Two days passed slowly, and Selya Solar Energy Company officially took a holiday and submitted a bankruptcy application to the court for bankruptcy.

Dozens of companies have filed for bankruptcy during this period, with solar companies accounting for the majority.

In coastal cities and central cities, a wave of bankruptcies of solar energy companies has begun to appear.

The news was summarized step by step to the relevant departments, and was submitted to the bosses from all over the country, including the bosses of the imperial capital. Everyone had a headache.

No matter what, it is difficult to save these companies.

The technology is too different, the production process is too different, and the product performance is too different. Even if Shengguang Solar Energy Company is authorized, these companies cannot produce similar products.

Wei Mingyang, a senior official in Jinwei City, made a special trip to inspect more than 20 solar energy companies across the country, and told people from relevant departments when he returned to the imperial capital for a meeting.

The production line of Shengguang Solar Energy Company is at least three generations ahead of its domestic counterparts. There is no comparison at all. Guidance work must be done in advance to guide these solar companies to transform.

As a result, people in relevant departments did not listen at all. Now, a wave of bankruptcies of domestic solar companies has appeared, and the country is suffering.

The bankruptcy of a company is a trivial matter, but how to resettle so many unemployed people becomes a big matter.

Those who have not yet gone bankrupt may not be able to survive much longer. The market is shrinking step by step. Even if they persist through the New Year, they may not survive this year.

Several local leaders took action, coordinating banks to issue loans to those enterprises that could survive, and local finance also allocated part of the funds to begin the transformation of these enterprises that could still survive.

For those companies that have applied for bankruptcy, just follow the bankruptcy procedures and order local governments to deal with the resettlement of unemployed people.

At the very least, a sum of funds must be distributed to employees of bankrupt companies, and we will wait until this year is over.

This is the only arrangement we can make for the time being. It is estimated that this is just the beginning. In July and August next year, a large number of solar companies will go bankrupt and go bankrupt.

In the morning market, at the Xingling Group headquarters, the annual meeting was officially held.

The general managers of each branch began to report on the development status of the company and submit development plans for this year.

Shengguang Solar ranked first with a net profit income of 3.6 billion, followed by European Nebula Technology Company with a net income of more than 2.46 billion.

Even though the net profits of the two companies are so small, this is because 90% of the profits have been transferred out.

Gao Jin originally wanted to adjust the tax payment amount of Shengguang Solar Energy Company in June next year, but he did not expect that it had already increased so much.

This year, the amount of taxes paid by Shengguang Solar Energy Company in Jinwei City has exceeded one billion.

There is no way to reduce it any more. If it continues to decrease, Jinwei City will lose its face.

This situation was not expected by Gao Jin, but also by Jinwei City.

When Meng Guangxian saw the data, he called the tax bureau to ask if they had written it wrong. After being told that it was correct, Meng Guangxian had a smile on his face.

The iron rooster of Shengguang Solar Energy Company has finally been plucked.

ATV's net profit this year is also considerable, reaching more than 380 million yuan, more than double last year's profit.

Although ATV has started filming several TV series this year, the Xiangjiang Special Administrative Region government has provided preferential policies, reduced the tax amount, and other subsidies, and the benefits gained are considerable.

TVB obtained this policy two years ago, but all profits were distributed as dividends, and no TV series were filmed at all, or only one or two were filmed.

In the new year, TVB will no longer enjoy this policy and will become exclusive to ATV.

What makes Gao Jin most happy is that ATV’s application for grid connection has been approved and it can be connected to the grid in Guangdong Province.

Preparations can be made now for official grid connection in May next year.

Li Xuejian stated in the conference room that ATV's profits will definitely reach a new high this year. At the same time, the number of TV series filmed this year will increase to six.

It can be described as ambitious.

The dietary supplement business department also made a lot of profits, with a profit of more than 20 million in the financial account.

The Starlight Video website is profitable this year. After deducting the cost of purchasing film and television resources, it currently has a profit of 160 million.

Starlight Literature Network also made a profit this year, with a profit of more than 40 million, thanks to this year's crackdown on piracy websites.

Starlight Literature Network has begun to move on the right track.

Starlight Cinemas, Starlight Film and Television Company, Starlight Games Company, Harvest Agriculture Company, and Starling Technology Company, these five companies are still losing money.

In particular, Xingling Technology Company ranks first in losing money.

This is no wonder Ge Gongming. Technology companies mainly focus on research and development, and it is really difficult to make profits.

"Gongming, I am mentally prepared for the technology company to suffer losses for ten years. Don't be disturbed by the outside world and execute according to the established plan."

Gao Jin watched Ge Gongming say this. He must support Ge Gongming at this time, so that Ge Gongming could stabilize and execute the plan calmly.

"Chairman, rest assured that technology companies will not always lag behind."

"We will devote all our energy to speed up the progress of research and development, strive for early success, and achieve substantial profits."

"For those who are dawdling, I will make adjustments at any time and will never be lenient!"

The chairman supported himself so much, and he had to reciprocate in return. Ge Gongming also expressed his determination in front of everyone, and Gao Jin led everyone in applause.

After waving his hand for Ge Gongming to sit down, Gao Jin looked at everyone.

"Everyone, last year, many branches have achieved profits, and the headquarters did not ask each branch to turn over profits."

"Starting from this year, adjustments will be made. All branches must complete the capital reserve target. If they fail to achieve this target, they will not be allowed to turn over profits."

"This year"

"The reserve amount of Shengguang Solar Energy Company is 500 million."

"The reserve amount of ATV is 300 million"

"The Dietary Supplements Division was renamed Starlight Biotech this year, and its reserves this year are 200 million."

"Starlight Film and Television Company, this year's proficiency in purchasing film and television dramas must not be lower than last year, and the reserve amount is 100 million."

"Starlight Literature Network, this year's reserve fund must not be less than 50 million."

"Other companies are not within this target range. Correspondingly, your year-end bonus will be lower than that of the general managers of the above companies."

“If you have the ability, eat meat, if you don’t, drink the northwest wind.”

"Your assessment target this year is strategic progress. You must let me see your efforts and the results you have achieved."

"If you can't do this"

"Substitute!"

After Gao Jin finished speaking, he glanced around and found that many people had solemn expressions on their faces.

Everyone can see that the chairman is not joking. This year's year-end bonus has begun to be linked to performance. This is the first time that goals have been clearly stated.

If I can't finish it, I'm afraid I won't be able to get that much money, so I have to work harder.

"European Nebula Technology's reserve target for this year is one billion euros, and Aurora Biotech's reserve target is 200 million euros."

"The difficulties they face are not low either."

"The reason why the concept of reserves was proposed this year is to cope with market changes. Everyone has seen that the international market is now volatile."

"No one knows how the market will change. Under this premise, we must increase our ability to resist risks."

"With a large amount of cash in hand, we can deal with various risks calmly"

"I hope you won't take it lightly"

Gao Jin added another sentence, and many people nodded. They all felt that something was wrong with the international market this year. Although it has not affected the country yet, we should not be careless.

Looking at Zhou Ziru and Guan Hongsheng, they both shook their heads and said they had nothing to say.

"The year-end bonus will be distributed after the meeting. If you have any questions after the dinner, you can communicate with me directly. The first thing after returning to the company is to distribute the year-end bonus."

"Arrange the company's affairs well and avoid any trouble."

"We all have a peaceful year this year"

Gao Jin smiled as he said this, and everyone laughed too, feeling a lot more relaxed.


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