Unexpectedly, Zhang Rujing hesitated because he felt that CRT picture tubes had nothing to do with semiconductors. Fang Chen was really dumbfounded.

Is he so vicious?

Not to mention, Zhang Rujing's investment is not wrong. Even if it is really wrong, will he question Zhang Rujing because of an investment of 50 million?

No!

Not to mention 50 million, even 200 million, as long as it is within Zhang Rujing's authority, Zhang Rujing has the right to decide on this investment.

Even if the investment turns out to be a failure, it doesn't matter.

After all, when investing in something like this, who can guarantee 100% success and not fail even once?

Even on the contrary, it is normal for less than 1 out of 10 investments to be successful, and success is a miracle.

Especially in China, the average company life span is only 7 or 8 years, and for small and medium-sized enterprises, it is less than three years. The probability of failure is really too high.

"However, if you say so, I would like to go to this Rainbow Company. Wait a minute, Dr. Zhang, please accompany me on the plane and go over to inspect it."

The corners of Fang Chen's mouth were slightly raised with a faint smile.

"Are you interested in CRT picture tubes?" Zhang Rujing asked in surprise.

Although Fang Chen didn't say it explicitly, as the world's richest man and Chairman of Qingtian, Fang Chen is really busy despite not having to deal with everything.

That was all in the past. Fang Chen didn't care much about the company's affairs, and he would go wherever he wanted. But in the past two years, the company has really grown too much, and there are too many things pressing on the head office. Fang Chen

After taking over part of the work from Duan Yongping, naturally I couldn't be as free as before, so I rarely left Yanjing.

Under such circumstances, Fang Chen suddenly wanted to look at a little-known small company. The only reason was that Fang Chen was interested in CRT picture tubes.

If not, he really couldn't think of any other reason.

"Well, I'm indeed a little interested. Besides, I'm tired of dealing with documents. It's my turn to be busy. I can't be a daddy at home every day." Fang Chen said angrily.

Hearing Fang Chen complaining about Duan Yongping, Zhang Rujing shrugged his neck. It was not convenient for him to express his opinions on such matters between the two bosses.

But it was obvious that Fang Chen was really angry.

Some time ago, Duan Yongping's child was born, a daughter. Duan Yongping was so happy that he was always thinking about his precious daughter all day long.

At the beginning, when I saw him sitting in the office, I would say hello and then run away.

But now, without even saying hello, he directly asked the secretary to send him the documents for approval, and then ran away.

Of course, he also understands Duan Yongping's feelings about having a son in middle age. Especially when the child is sick, he is really worried, but he can't always bully him?

Do you really think he won’t have a child to raise?

He was in a hurry, how dare he!

However, the most important thing is the CRT picture tube.

Speaking of which, China's CRT picture tube industry, including the color TV industry, is actually quite disappointing.

As far as the domestic electronics industry is concerned, not only is it short of cores and souls, but it should also add a screenless version.

And this screenless thing from the 1980s to the present actually refers to CRT picture tubes.

Since the 1980s, China has begun to develop the color TV industry, and domestic TV brands such as Panda, Changhong, and Konka have sprung up like mushrooms after a rain.

However, what has been restricting the development of domestic color TVs is that there has never been a large-size CRT picture tube in China, so domestic color TV companies have been importing CRT picture tubes from Japan and Europe, so the natural profits have been earned by Japan and Europe.

It was last year that the domestic color TV industry launched a massive counterattack and became the dominant player in the domestic color TV market for the first time, and the situation changed a little bit.

To put it simply, domestic color TV companies have market share and money, and have begun to invest in some picture tube companies one after another to develop China's own large-screen picture tubes.

It was probably around 2001 that domestic CRT picture tubes finally caught up with foreign color TV companies and were able to produce large-screen picture tubes.

At that time, domestic CRT picture tube production basically accounted for two-fifths of the world's production, and the largest domestic CRT picture tube company ranked among the top five in the world.

It can be said that when it comes to CRT picture tubes, the Chinese people have once again proved themselves and regained their own market.

Thinking of this, a thought suddenly flashed through Fang Chen's mind. If he remembered correctly, the largest CRT picture tube company in the country at that time seemed to be called Rainbow Group...

Fang Chen frowned and recalled carefully, it was true, that company was called Rainbow Group.

Thinking of this, Fang Chen's expression when he looked at Zhang Rujing suddenly became weird.

Unexpectedly, Zhang Rujing invested in the largest CRT picture tube company in the country in his previous life just by investing casually.

Being looked at by Fang Chen with such a strange look, Zhang Rujing subconsciously rubbed his cheek. Could it be that there was something dirty on his face?

Otherwise, why would Fang Chen stare at him like this?

However, Fang Chen didn't give Zhang Rujing a chance to think too much and quickly withdrew his gaze.

When he thought about it carefully, it seemed that it was not surprising that Caihong Group had become the largest CRT picture tube company in the country.

First of all, Caihong Group itself has a good foundation, and the technical level of CRT picture tubes is one of the best in the country, and it also has a very good factory director.

In this life, Ma Jinquan can find Zhang Rujing's head, which means that even if he didn't have Qingtian in the previous life, Ma Jinquan could find someone else to invest in Rainbow Group.

After all, he just said that since the domestic color TV industry made a turnaround last year, it has begun to invest heavily in CRT picture tubes.

Under such circumstances, it is not difficult for Ma Jinquan to find investors, it is just a matter of time.

It requires people, technology, and capital. It is not surprising that Caihong Group can become the largest CRT picture tube company in China.

But unfortunately, the good times did not last long. As recently as 2004, there were still many domestic companies gearing up, especially Caihong Group, which spent 600 million to import Hitachi's ultra-large screen picture tube production line, referred to as the K line, from Dongbo.

At that time, 600 million was not a small amount, and the annual net profit of Rainbow Group was only this amount.

But Ma Jinquan is still confident in this big purchase because he believes that Chinese people's demand for color TVs is far from exhausted. Over the past decade of reform and opening up, color TVs have almost become synonymous with a better life for Chinese people.

If you have a color TV, you must have a color tube. This is what history and the present tell Ma Jinquan. He believes that "CRT can still be brilliant for at least ten years."

The cruel reality cannot even wait until the calendar for 2004 is turned over. By the end of the year, all domestic color TV companies have adopted the banner of flat-panel color TVs. Sales of CRT color TVs have plummeted, and the national color tube industry inventory has increased by 67% year-on-year.

Just a few months later, the employees of Rainbow Group discovered that the production line they had spent a lot of money to buy back had become obsolete equipment.

Some Caihong employees recalled that when they went to Dongbo to dismantle the K line, Dongbo employees shed tears and said that Caihong had gotten a big deal.

But looking at the tears at this time, I am afraid they are crocodile tears.

In 2005, Caihong Group suffered a net loss of 550 million yuan, and the K-line, which was never completed and put into production but drained all the energy of the company, became a "trap line" among employees within Caihong.

Coincidentally, Rainbow Group is not the only Chinese enterprise that has suffered such tragic experiences.

As early as the end of 2000, Zhongyuan Ancai Group, the largest glass bulb manufacturer in China, spent nearly US$50 million to purchase 9 glass bulb lines from Corning Company in the United States. The company already suffered huge losses before the production lines were assembled.

In 2004, TCL fully acquired the CRT color TV business of Thomson in Europe, resulting in several years of losses...

It can be said that along with the rapid advancement of LCD flat panels, the rapid decline of domestic color tube companies has occurred.

Between 2007 and 2001, China's once-famous "eight major color tube factories" went bankrupt one after another. After less than ten years of glory, China's CRT industry has completely become history.

What's even more fatal is that the replacement of CRT by LCD flat panel monitors has once again made China's color TV industry highly dependent on foreign suppliers.

Moreover, this time, in order to prevent competition from Chinese companies, foreign LCD flat-panel manufacturers did not even come to China to build joint venture factories. The flat-panel TV screens needed by Chinese color TV companies must be completely imported.

China spent 20 years to generate 95% of the color TV industry value chain locally. Now the advantages accumulated over the past 20 years have been lost, and nearly 80% of China TV’s sales profits have once again been captured by foreign manufacturers.

The Chinese television industry has once again returned to the dark era of the 1980s and 1990s.

Qingtian Computer has seen everything that needs to be seen, touched everything that Fang Chen needs to touch, and has done all the evaluations. The rewards given to scientific research and technical personnel in various departments will also be given in a timely manner according to Fang Chen's instructions.

Send it on.

As a result, Zhang Rujing and Ni Guangnan took a group of people and accompanied Fang Chen on the "Qingtian" and flew towards Sanqin Province.

However, at this moment, thousands of miles away, Rainbow Company in the Guanzhong Plain suddenly fell into chaos.

General Manager Ma Jinquan is going crazy!

He was originally in a meeting when he suddenly received a call from the administrative office of Qingtian Chip, saying that Director Fang, Mr. Zhang, and Mr. Ni would fly to Rainbow Company and expected to arrive before two o'clock in the afternoon. Please be sure to make arrangements to pick him up.

At first he was wondering, what kind of director Fang?

There is no such thing as a chairman of Qingtian Chip, right?

In addition, why did he suddenly come to kill him? He didn't even receive any notice before.

After being reminded by the administrative office, I found out that the co-author, Director Fang, was Chairman Qingtian, the boss of the company, and the richest man in the world!

Now, he was completely crazy!

Although Caihong Company took an investment of 50 million from Qingtian Chip and became a subsidiary of Qingtian Chip, who would have thought that Fang Chen would actually come over to inspect them!

To put it bluntly, Zhang Rujing only came once when he first invested. The most he could do was make a phone call to ask about the development progress and any needs, and he never came again.

Although some people think that Zhang Rujing does not pay attention to Caihong Company, he also knows that 50 million is a huge investment for him. Otherwise, he would not have sold 60% of Caihong's shares to Qingqing.

Day chip.

But for a behemoth like Qingtian Chip, which has an investment amount of about 20 billion a year, 50 million is nothing!

He only knew from Ni Guangnan's students that for a company as big as theirs, Qingtian Chip has at least hundreds of subsidiaries, and many of them are former national-prefixed research institutes and large state-owned enterprises, and their levels are higher than theirs.

Much higher.

Under such circumstances, how could Zhang Rujing have the time to inspect their Rainbow Company? If he could make a few phone calls to ask, he was already concerned.

Therefore, it was very strange for him that Zhang Rujing could kill him, let alone the giant Buddha Fang Chen, he was really stupid!
To be continued...