At this time, a young man said: "I can understand that the ancestor worship ceremony is once a year, but why do we have to come to Yanjing every three months to report on our work?"
Ye Chen asked him back: "You are using the resources of the Ye family to make money from the Ye family. I ask you to report on your work every three months. Do you have any opinions?"
The young man said hurriedly: "Our family has moved overseas a long time ago, and has gradually shifted its business focus over the years. Currently, our overseas business has nothing to do with the Ye family."
Ye Chen nodded and asked him: "What is your name?"
The young man replied: "My name is Ye Tao."
Ye Chen nodded slightly and said, "Okay, let me ask you, what business is your family doing overseas now?"
Ye Tao said hurriedly: "We produce and sell Chinese-style furniture throughout Europe, mainly for Chinese customers, and our production location is Romania."
Marven frowned and asked: "Why do you want to produce Chinese furniture in Romania?"
Ye Tao replied: "Mainly because Romania's timber output is very high, and their labor costs are relatively cheap."
Marven asked again: "How many workers do you have in Romania? What is the annual output value?"
Ye Tao thought for a while and said: "We have nearly 10,000 employees in Romania, with an annual output value of about 2 billion euros and a net profit of about 20%."
Ye Chen nodded and said: "So, from this business alone, you have a net profit of 400 million euros a year."
"Yes." Ye Tao said: "A few years ago, our production base was still in China. It was I who suggested that the family move the production base to Romania."
Ye Chen asked him: "The production base is in China, why do you suggest moving to Romania?"
Ye Tao explained with some pride: "Originally, we produced in China and sold in Europe. Although the logistics cost was much higher, because the domestic labor force was relatively cheap, the overall profit margin was even higher than it is now. But after five years, I
I had a premonition that the EU would continue to increase tariffs and other taxes on foreign products in the future. In that case, our products would lose all advantages in the European market, and profit margins would then drop sharply. And I was indeed right. From three years on,
Starting a year ago, the EU has been continuously increasing tariffs on imported furniture, and so far it has been increased by at least 40%!"
Ye Chen nodded and said, "After you move your company to Romania, you will be able to avoid Europe's external tariff policy, right?"
"That's right!" Ye Tao explained: "When we moved our production base to Romania, we also re-registered a company in Romania, which is equivalent to turning our products into local products produced in Romania, and because Romania also joined
Because of the European Union, the entire European market has given great preferential policies to Romanian products, and in this way, we have actually enjoyed this preferential treatment."
"With lower tax costs, our prices can be lowered, which allows us to have more sales, so the overall profit margin is also very considerable. In comparison, other companies that have been producing Chinese furniture in China,
Every company that sells to Europe has suffered heavy losses."
Ye Chen smiled and said, "It seems that you are quite good at business."
Ye Tao said confidently: "Of course. I completed my bachelor's degree at Yale University when I was twenty, and completed my MBA in two years. I have been involved in the management of the family business since I was eighteen. I dare not say that I am doing business.
He is a genius in business, but he is definitely much better than most entrepreneurs who are just talking on paper."
Ye Chen nodded slightly and smiled, and said: "In that case, you don't have to go back this time. You can stay in China and help me. I will also test you to see if you really have two brushes!"