559. Chapter 559 Longi’s Dilemma

Author: Banlou Yaofeng

Chapter 559 Longi Dilemma

The 2012 Double Eleven is coming soon. It is one of the two most important e-commerce shopping festivals of the year. The business war in September is still missed by people in November. The media has a lot of expectations for this shopping festival.

Both Dadongzi and Xu Lei are gearing up, hoping to set a benchmark for their successors, but Qu Li and Lu Qi do not focus on the shopping festival itself, seeing it as a promotional method that can attract a large number of users to interact and participate.

There is Double Eleven in China and Black Friday abroad. Shopee lags behind Amazon, eBay and Walmart e-commerce in the North American market, ranking fourth, and is also eligible to participate.

Therefore, the past two months at the end of the year were really not easy for Jumei. It was really unreasonable for Qu Li not to go back to help. Unfortunately, he was just about to leave for the south when an unexpected surprise came to his door.

As mentioned before, Quli has invested in several leading companies in the domestic photovoltaic and wind power industry chain in the future, such as Longi, Mingyang Wind Energy, and Sungrow. Because of financial support, they have successively carried out a certain degree of expansion, and at the same time recognized the current

It is a very risky suggestion, and we should implement a plan that does not lead or expand production.

At first, everything was normal and LONGi was not short of money. Instead of rushing to IPO, it somehow became a partner with Wuxi Suntech, which is number one in the country and the world leader, and gave Suntech a lot of goods on credit.

Unfortunately, starting from October this year, as the United States increased taxes on domestic photovoltaic companies and the European debt crisis spread, countries tightened subsidies, and the global photovoltaic market quickly turned from prosperity to decline.

Some domestic companies that focused on production capacity expansion in the early stage and had chaotic internal management have experienced thunderstorms one after another, especially Wuxi Suntech, the most representative photovoltaic company. From the founder to the company's executives, no one is worried.

There are too many controversies about the various actions of the Suntech founder. Anyway, in Qu Li's view, the guy has many related transactions and does not look like a good person. Some investors launched a class action lawsuit against Suntech in the United States, and various issues have surfaced.

, their capital flow is close to breaking.

In other words, it is very likely that Suntech will not be able to repay the money it owes Longi.

"How much do they owe?" Qu Li looked at the recent financial news. It seems that Suntech owes about 25 billion to banks, suppliers, etc. The founder and CEO only wants the local government to help solve the problem, and he has nothing to lose.

"Close to 500 million." This means that 500 million has basically been wasted. In the previous life, it was only more than 100 million, but now it has increased nearly five times. Entrepreneurs are not short of money and can just "build" it.

“What was LONGi’s revenue last year?”

"It exceeds 2 billion, and the net profit is about 300 million. In addition to the 500 million in accounts receivable, we also have other debts..." said Longi CEO Li Zhenguo.

"How serious is it?" Qu Li

"Our cash flow is at risk of breaking at any time." Li Zhenguo

"..." Qu Lizhen didn't expect this to happen. What should he do? Should he continue to lend money to Longi? In what name should he borrow it?

"What do you want to do?"

"Can you give us another investment?" Li Zhenguo

"Do you think investors should support you unconditionally no matter what mistakes you make?"

"This loss is because..."

"I would like to arrange for someone to check the original data and investigate the entire matter, is that okay?"

Li Zhenguo hesitated. After this time, there will be a next time. Is Qu Li going to interfere in Longi's operations? He tried to stop it.

"If you don't think of other ways, I'll go through formal channels." Qu Li is unwavering. Now he doesn't think that some companies can't survive without someone. Domestic subsidies for the photovoltaic industry have enabled them to grow.

The key is to take the right path: as long as we insist on replacing the cost advantage brought by scale with technological progress, we can achieve final victory.

LONGi has not been listed on the market. At this time, the entire photovoltaic industry has fallen into a cold winter. There is no hope and the company lacks financial support. The consequences are very serious. Therefore, Li Zhenguo does not have many choices. Either he succumbs to Qu Li or others. Qu Li becomes ruthless and even joins the Chrysanthemum Factory.

Both Lidian and Biradi can be cheated, let alone a photovoltaic company like Longi that is both important but not particularly important.

Arranging people to go to LONGi to do "due diligence", Qu Li booked another flight to fly to Yangcheng. Another accident occurred. Cheetah Feiteng had large-scale quality problems. The reason was the pressure of the Disingsha foundry.

"What's going on?" Qu Li didn't pay much attention to Cheetah cars, but when he looked at the data, he seemed to remember that the sales of Cheetah Feiteng were good, and it also boosted the sales of other models such as Cheetah Black King Kong.

"Cheetah and Bilade cooperated and said that they could reduce costs and increase profits, so they made some adjustments to the products. Then Mr. He went to Bilade's Xingsha factory to see that their production line process level was not high, and employee training was

Not in place..." Lu Tao

"Don't be a heiress!" Qu Li was a little worried

"It's already very tactful."

"What are they going to do about it?"

"Cheetah's own factory is about to be built. It will produce its own products in the future. Now we will continue to cooperate and strictly control..."

"What do you think?" Qu Li was noncommittal.

"There is no good way. Let them maintain after-sales service, control public opinion, and strengthen production management. The Cheetah Factory will arrange for people to come to us for training and learning..." Lu Tao

After hearing this, Qu Li felt that this method was good: "How did the relevant responsible persons deal with it? Did they..."

"The people at Bilade are not within the scope of management. Some people from Cheetah may be transferred to other positions." Lu Tao felt a little overwhelmed with this local state-owned enterprise. He was not Qu Li and dared to point his finger at others and scold them.

Qu Li didn't expect that his image in the eyes of his own people would be like this. Although he had no taboos, he still respected old people like Chairman Changfeng. Although Cheetah Motors was important in Changfeng, the person in charge was not high-level and had already done it.

Plan to get scolded.

"Will these problematic models be recalled?" Qu Li asked again

"Won't……"

Qu Li was speechless and helpless: "I heard that the production management systems of the American, German and Japanese systems are different. Now that we have integrated some experience from the Japanese and German systems, will there be any incompatibility issues?

We also have major quality defects ourselves?”

"Probably not. We do forward research and development and have our own understanding of the entire production and manufacturing process..."

"Saab Automobile and the European Research Institute have no influence on us?"

"We haven't formed our own system yet, now we can only promote it."

Qu Li was a little embarrassed. He ran away before he learned to walk. Car quality control requires long-term persistence. Even in the era of electric vehicles, it still needs attention.

There are more than 30,000 spare parts for fuel vehicles. It is almost impossible to have no problems. If we really want to do quality control, reducing the number of spare parts is the key. The one-piece die-cast body is very important. Fortunately, electric vehicles have about 10,000 spare parts. Quality control

The difficulty has been reduced a lot, and only then can there be an opportunity to build a new car force.

There is a long way to go in the future, but fortunately there are Cheetahs who can help them explore the way. By growing based on their experience, they can avoid making a lot of mistakes, right?
Chapter completed!