Chapter 614: LG starts to lose money
After Lin Dongze left, Cao Mang called Zhu Youfang to the office.
Cao Mang was a little annoyed by Zhu Youfang's iceberg face that had remained unchanged for thousands of years.
"Zhu Youfang, isn't it uncomfortable for you to have this straight face every day?" Cao Mang asked curiously.
"Boss, I don't mean to keep such a straight face, I'm just not good at expressing emotions." Zhu Youfang replied expressionlessly.
Cao Mang rolled his eyes helplessly. What you said makes so much sense. I don't even know how to refute it.
"I ordered you to sign up for an expression training class. I've been scared to see you like this all day, let alone the employees below. Sometimes I even wonder if you are a robot." Cao Mang said speechlessly.
"Okay boss, I took the time to study." Zhu Youfang nodded.
In fact, she also knew about this issue. People in the Secretariat talked about it in private, and she also heard a little bit about it.
It's not that she wants to keep a straight face but that she doesn't know what to do.
"I need to build a one-billion-dollar relief fund. This fund will be open to all employees of Kirin Group. Employees who encounter difficulties at home can report their difficulties to the fund, and a certain amount of relief money will be issued after passing the review.
In addition to employees of Kirin Group, all factory employees who work for Kirin Group can enjoy the services of this fund.
In order to avoid the fund's funds from drying up, the money is purchased into principal-guaranteed financial products and the annual dividends are used for relief.
In addition, let Qilin Universe build a rescue homepage.
Allow those in need to apply online, and the review team must strictly control it," Cao Mang said.
"I understand, boss." Zhu Youfang stopped the pen in her hand and replied.
Every time Cao Mang gave instructions, she would take a pen and write it down.
As the saying goes, a good memory is worse than a bad pen.
"Okay, you go back to work, remember to sign up for the training class." Cao Mang said.
"Okay, boss." After Zhu Youfang said that, she turned and left.
When Zhu Youfang was about to leave, Cao Mang thought of another thing.
"Zhu Youfang, please wait a moment." Cao Mang said.
Zhu Youfang came back after hearing Cao Mang's voice.
"Boss, is there anything else?" Zhu Youfang asked.
"Establish a pharmaceutical subsidiary in the name of the group, let the human resources company build a team, and then contact large domestic pharmaceutical companies to see which company can OEM Gleevec for us," Cao Mang said.
Originally, Cao Mang wanted to authorize Gleevec.
But who knows what kind of operations these companies will perform if authorized.
In the end, Cao Mang found a foundry to produce the products and then sold them himself, thus ensuring that there would be no problems.
"Okay, boss." Zhu Youfang nodded.
...
After Zhu Youfang left, Cao Mang sent an email to the presidents of all subsidiaries under the Kirin Group.
Cao Mang told them three things in the email.
The first thing is the three financial and five insurance issues.
Companies under the Kirin Group must purchase three types of financial insurance and five insurances for their employees.
Cao Mang had never cared about this matter before. It wasn't until today when he was talking to Lin Dongze about Foxconn that Cao Mang remembered such a thing.
Things at the head office were fine. Cao Mang was directly managing the head office, and the three financial and five insurances were not less than a penny, but he didn't know the situation of those branches.
The second thing is the welfare protection of foundry employees.
Kirin Group has several subsidiaries that produce products through foundries.
For example, Kirin Food, Kirin Security, Kirin Electric Vehicles and Kirin Batteries.
The third thing is the Kirin Relief Fund.
Cao Mang asked these senior executives to implement this matter for every employee.
...
Bangzi country.
Seoul LG Chairman’s Office.
Zheng Yuzhe knocked on the door of the general manager's office with the recent futures report.
After getting the answer, Zheng Yuzhe opened the door and walked in.
"President." Zheng Yuzhe shouted with a ninety-degree bow.
"Wuzhe, what's the matter?" Gu Benmao asked.
After graduating from Yonsei University Business School, Koo Bon-moo studied at Ashland University in Ohio, a lighthouse country, and graduated from the school in 1975. In 1972, Koo Bon-moo married Kim Young-sik, the daughter of Kim Tae-dong, the former Minister of Social Security and Social Security. In 1975
, he joined Lexi Chemical Industry Co., Ltd. and was transferred to Jinxing Co., Ltd. in 1980.
From 1983 to 1984, he was assigned to work in the Neon Kingdom Branch and entered the senior management of LG Group in 1985. In 1995, after Koo Ja Kyung abdicated, he took over as chairman of LG Group.
"President, the price of lithium ore has risen to more than 10,000 US dollars, and the manufacturing cost of batteries is getting higher and higher. Should we continue to acquire lithium ore?" Zheng Yuzhe said, handing over the report in his hand.
Two weeks ago, lithium ore was only more than US$3,000 per ton. (I am talking about lithium ore here, not the lithium carbonate you know, not the lithium carbonate that has risen to 500,000 US dollars.)
After they cooperated with Panasonic and Sanyo to acquire lithium mines in Canada.
Lithium ore futures prices have also risen as a result.
If it goes up a little, then forget it, but prices have been getting higher and higher recently, and the price of lithium ore has tripled.
They simply can't make any money using lithium ore at this price to produce lithium batteries.
"What's going on?" Gu Benmao asked after looking through the report.
"In the past two weeks, Kirin Group and some battery companies in China have wildly raised the purchase price of lithium ore. Although they have not received much goods, the price of lithium ore has been rising sharply," Zheng Yuzhe said.
"Do we still have a profit at this price?" Goo Benmao asked.
"There is no profit at this price, and we have to pay 1 cent for each battery." Zheng Yuzhe said with a bitter expression.
Even if Kirin Group's batteries are manufactured by others, the cost is cheaper than theirs. In order to compete with Kirin Group for the market, they have to lower their prices to compete.
If losses had not already begun, Zheng Yuzhe would not have reported the matter to Ju Benmao.
"When the price of lithium ore has risen to this level, Kirin Group has not increased the price?" Gu Benmao asked with a frown.
"The Kirin Group has not raised prices. The Kirin Group has its own lithium mine sources. They have several mine sources in China, and their manufacturing costs have always been lower than ours.
If lithium mines continue to rise like this, the battery department will suffer serious losses," Zheng Yuzhe replied.
"Is it possible that the Kirin Group deliberately raised the price?" Gu Benmao asked.
"This is basically impossible. Their orders have never been reduced, and they recently signed huge orders with Dell and BlackBerry." Zheng Yuzhe shook his head.
"Since they have increased their orders, we will increase our acquisition efforts. Don't let Kirin Group receive a ton of goods. Without lithium ore, I'll see how they can deliver the goods." Koo Bonmoo tapped his index finger on the table and said after thinking for a while.
"President, if we do this, we will lose a lot of money." Zheng Yuzhe said in shock.
They are already losing 1 cent a piece. If lithium mines continue to rise, they will lose more money.
"It doesn't matter if you lose a little money, let's win the market first," Gu Benmao said.
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Chapter completed!