Chapter 86: Future industry giants

"Don't worry, you have to let me finish this cup of tea, right? Hey, our credit pressure is not small this year. We have been busy collecting debts since the end of last year. By the way, Mr. Hu, if the funds in your account are temporarily

If it's useless, you can invest part of it. It's not cost-effective to have cash sitting idle in your account."

Section Chief Cai obviously had something in his words, Hu Yang nodded and motioned for her to continue.

"I wonder if you have heard of one of my affiliated units, Xite Electricians? They started joint-stock reform in February 1993, but so far it is not going very smoothly. Their manager Huang called me a few days ago,

I hope the bank can give them a loan of 2 million yuan as soon as possible.

The problem is that during this period, our principle was to only collect loans and not lend, so we could only refuse him. Mr. Huang heard about the name of Huijia Industrial from somewhere. He asked me if I knew you, so I agreed to help.

He asked."

Section Chief Cai did not go into more detail. She understood that she was only playing a matchmaking role. They still needed to discuss the specific matters themselves.

"Chief Cai, it is impossible for us at Huijia Industrial to borrow funds from external parties. I want to clarify this in advance. However, if Xite Electric has the intention to increase capital and expand its shares, I can consider investing."

Hu Yang suppressed the fluctuations in his heart and answered calmly.

Speaking of which, Xijiang is located on the border of the Western Region, and the overall economy is relatively backward. But in the future, Xijiang will also give birth to some well-known enterprises in the country, such as Xijiang Friendship, Wanlong Industrial, and Xite Electric.

Xite Electric was restructured from a county-level enterprise. It is currently only a small enterprise that produces transformers. But such an enterprise will become a core enterprise in the domestic major equipment manufacturing industry and a leader in the industry in the future.

Hu Yang remembered that Xite Electric went public in 1996 or 1997. From then on, the company took off and skyrocketed.

Now, the weak Xite Electrician is in a very difficult moment and is in urgent need of new capital injection.

"I understand this, and Mr. Huang from West Electrician also understands it. Then I will reply to Mr. Huang later and let him contact you directly, okay?"

Section Chief Cai is a more enthusiastic person. After completing the matchmaking task, he is ready to leave.

"Okay, I'll wait for Mr. Huang to contact me. Section Chief Cai, are you free on the weekend? I'll invite you and Director Xu to come out for a meal and have a good chat together."

Hu Yang is a nostalgic person. Now that Huijia Industrial has become famous, he has not forgotten his old friends.

"Okay, it's rare that Mr. Hu still treats us as friends. To be honest, it's really hard to imagine that Huijia Industrial has made such dazzling achievements in a short period of time. You are Yibaijia (chain)

shareholders, there are still tens of millions of cash on the books, and there are not many companies in Xijiang City that can compare with you. Well, it’s time for me to say goodbye, and I have to go to the next unit. Mr. Hu, let’s see you on the weekend.”

Section Chief Cai made this out of emotion. Not to mention there are many leather goods companies these days, even the so-called companies with good profits are far from achieving the excellent asset allocation like Huijia Industrial.

Hu Yang politely sent Section Chief Cai to the elevator and then returned to the office.

"Hehe, by coincidence, my development plan will also change."

Really, compared to the traditional business and catering industries, Hu Yang is more willing to invest in some high-tech companies with unlimited future prospects.

Because high-tech companies have good growth potential, corporate valuation can give full play to everyone's imagination. Furthermore, investing in high-tech companies like Populus euphratica will give you a sense of pride in contributing to the country.

He is a bit vain sometimes.

"Okay, let's wait for Section Chief Cai to contact Xite Electrician."

Regarding this matter, Hu Yang can't be too proactive. He needs to put himself in a favorable position and wait for the call from the other party's Mr. Huang.

He estimated that Mr. Huang would contact him in a day or two, but he didn't expect that Section Chief Cai had only been gone for less than half an hour when the other party called.

"Hello, are you Mr. Hu from Huijia Industrial? I'm Huang Xinpei from Xite Electric."

"Hello, Mr. Huang, I am Hu Yang. Section Chief Cai of the bank mentioned you to me before."

"Section Chief Cai is a very enthusiastic person, and it was she who helped connect the people. Mr. Hu, I wonder if you are free now? I want to visit your company..."

"Okay, I'm in the office right now. Then I'll wait for you?"

"Well, I'll be there right away. We'll talk after we meet. I'll hang up now."

After putting down the phone, Hu Yang could feel Huang Xinpei's anxiety. He thought for a while and told the front desk that when Mr. Huang from West Electrician arrived, he would be invited directly to the small conference room.

"Minister Xu, please put your work aside for a while and meet a guest with me later."

Since Hu Yang knew that he was anxious, he had no intention of tempting him. He thought that he would directly enter the business negotiation mode when the others arrived.

Forty minutes later, the young and powerful Huang Xinpei came to the small conference room of Huijia Industrial with an assistant.

"Mr. Hu, I didn't expect you to be so young. It's better to meet you than to be famous."

"Mr. Huang, you're welcome. Come on, please take a seat."

In the small conference room, Hu Yang and Xu Younian, Huang Xinpei and his assistant sat facing each other.

"Mr. Hu, this is the basic information of our Xite electrician. Please read it first."

Huang Xinpei's assistant handed the prepared information to Hu Yang.

Hu Yang took it over and took a look. Xite Electric Co., Ltd. has a registered capital of five million yuan. Then he skipped the other information and then looked at the balance sheet. Good guy, the asset-liability ratio is almost 80%.

He handed the information to Xu Younian and asked him to check it slowly. Hu Yang said with a smile: "Mr. Huang, it seems that your company's funds are a bit tight. How can I help you?"

Huang Xinpei doesn't look too old, about thirty-five years old. He wears a pair of glasses and has a bit of a scholar's air. This is not the case with Zhang Zhongyi from Xijiang Friendship and Pang Qianli from Xijiang Bandung.

Same.

"Mr. Hu, I don't like to play tricks, so just tell the truth. At present, Seat Electrician's capital turnover is not working well, and we want to introduce new capital."

Hearing Huang Xinpei say this, Hu Yang felt relieved. It was impossible to borrow money or anything, no matter how high the interest rate was.

“Are you planning to increase capital and expand shares, or are the original shareholders planning to sell part of their equity?”

The transfer of equity by the original shareholders is of no value in solving the current predicament of Xite Electric. Therefore, Huang Xinpei immediately said: "Of course it is to increase capital and expand shares... However, the company's current book net assets are relatively low, and its cash flow is even higher.

It’s bad, the asset valuation may go up a bit. After all, we at Xite Electrician still have some patents in it.”

Hu Yang had taken a glance before and found that Xite Electric's current net assets per share were only a few cents, which showed that the company was not only operating with debt, but was also in a loss-making situation.
Chapter completed!