"Turnover rate? Young Master, what is turnover rate?" Wu Ming was a little confused after hearing this strange term.

"A regular business has five steps: purchasing raw materials, producing products, warehousing finished products, selling products, and receiving payment. After this process, the business is completed." Li Yunrui began to explain and said, "And the turnover rate

It means how many times this process can be cycled within a year. Take selling salt as an example. Wheat is planted in autumn and harvested in summer, and then corn is planted and harvested in autumn. Salt can be replaced twice in two seasons a year. The turnover rate is two. I am like this

Do you guys understand?"

Li Yunrui's explanation was relatively easy to understand, and the five salt merchants nodded.

"You see, the demand for salt is limited, and the turnover rate is low, which results in extremely meager salt profits. It can be said that you are just making hard money!" Li Yunrui smiled and said, "Now, I am going to do it.

A business with a high turnover rate and unlimited demand..."

After saying this, Li Yunrui stopped and showed a mysterious expression.

"I don't know what business the young master is talking about?" Wu Ming took a deep breath and asked.

"Steelmaking!" Li Yunrui rubbed his nose, lowered his voice, and said, "I am going to invest 15 million yuan to open a large steelmaking plant in Taiyuan City. After it is put into operation, it can produce 100,000 kilograms per day. It is steel.

It’s not iron…”

"Hiss, hiss~~" As soon as Li Yunrui said these words, all the salt merchants took a breath of cold air.

There is a state-owned iron smelting company in Taiyuan City, which can produce one million kilograms of iron a year, which is equivalent to three thousand kilograms of iron a day. When Li Yunrui said it, it was one hundred thousand kilograms, and anyone who heard it would be stunned.

"You may not believe it, but you must have heard that there was a big business involving 60 million yuan in Nanjing recently. The Ministry of War conquered the steelmaking process and sold this process to private companies in Yingtianfu, Zhejiang and other places.

Smelting plant, 500 guan per set." Li Yunrui began to fool around, selling pots such as open-hearth steel-making technology. Li Yunrui would definitely not carry it on his own, so it would be appropriate to throw it to the Ministry of War, and he could just hide behind and count the money.

A business worth tens of millions of dollars at a time was an unprecedented thing that had long been spread throughout the Ming Dynasty. As a salt merchant, Wu Ming and others had naturally heard of it. Everyone was envious of it and hoped that one day they could do it.

Such a big deal, but it’s a pity that there are so many lines separated by mountains...

"I spent 15 million yuan to purchase three sets of steel-making equipment from the Ministry of War. The Ministry of War sent fifty master craftsmen to follow them. They will be shipped to Taiyuan Prefecture in a few days!" Li Yunrui looked at the salt.

Shang continued, "Originally, I wanted to bring King Pingyang together to cooperate. Everyone should know that the two of us are relatives. But King Pingyang has just opened his palace and does not have enough funds on hand, so he wants to join forces with you to invest together..."

Having said this, Li Yunrui winked at Zhu Jiyi.

"Everyone, I also think this opportunity is very good, and the prospects are not bad, so I want to bring everyone together to make a fortune..." Zhu Jiyi said a little sarcastically.

"Let me tell you about the benefits of this project." Li Yunrui looked at Zhu Jiyi's expression and felt a little depressed, so he could only take over the words, "Da Ming pig iron costs 20 cents per pound, and the price of steel is three to eight times that of pig iron.

According to the new technology we adopted, according to the master craftsman of the Ministry of War, three sets of equipment can guarantee a daily output of 100,000 jins. Even if we sell it at three times the price of pig iron, we can still earn 6,000 taels a day and two million taels a year, which is equivalent to treasure.

Nearly 30 million banknotes..."

After hearing the numbers Li Yunrui said, the eyes of the salt merchants began to shine.

Regardless of whether Li Yunrui deceived a braggart or not, the prices he mentioned are accurate. The only flaw is whether they can reach a daily output of 100,000 kilograms.

"I wonder how the young master wants to cooperate?" Wu Ming asked.

"I have purchased three sets of open-hearth steelmaking processes at a price of 15 million guan, and plan to raise another 5 million guan or 10 million guan to cover daily expenses. You can invest part of the money according to your own strength. Every year

At the end of the year, a dividend will be distributed based on the proportion of investment, and the dividend proportion will not be less than 70% of the annual net profit." Li Yunrui stated his pre-planned plan.

"Why 70% of the net profit and not all of it?" Wu Ming frowned and asked after listening to Li Yunrui's words.

"If we divide all the profits, if we want to expand production and buy new equipment, where will the money come from?" Li Yunrui asked rhetorically.

"I see..." Wu Ming nodded.

"Young Master, as far as I know, the steel output in the Ming Dynasty is only 20 million kilograms a year. I wonder who I plan to sell to if I produce so much steel?" Fu Huan said.

"Everyone who has been in Taiyuan City for a long time, you should have heard the saying that the weapons of the Ming Dynasty's frontier army are made new for three years, old for three years, and mended for another three years. You should know the reason, right?" Li Yunrui said with a smile.

, "The Ming Dynasty's frontier troops were nearly two million,

Conventional configurations include armor, knives, guns, and arrows, all of which require steel; starting next year, the imperial court will set up a firearms force. Bird guns and general Zhankou (heavy field artillery) are the most basic configurations. The required steel is massive, and you still have

Are you afraid that there will be no market for steel?”

The shortage of steel in the Ming Dynasty is an indisputable fact. In order to cope with the replacement of weapons and armor of the border troops every year, the imperial court has exhausted its efforts. There is only so much steel production. If it is given to the army, it cannot be used to make farm tools for the people. If it is given to the people, it cannot be used for the army.

After listening to Li Yunrui's words, Fu Huan nodded.

"In addition, I have some internal information that I can tell you. Please don't spread it outside..." Li Yunrui lowered his voice and said mysteriously.

Upon hearing this, everyone pricked up their ears and listened carefully.

"I heard that a group of craftsmen from the Ministry of Industry are studying shipbuilding using steel. It is said that after the research on steel ships is successful, building a ship will require at least hundreds of thousands of kilograms, and at most millions of kilograms!" Li Yunrui said in a low voice.

"Is this possible? Wouldn't iron sink to the bottom when put in water?" Feng Man looked unbelieving.

"Mr. Feng, go home and put the copper basin you used to wash your face in the water tank and see if it sinks to the bottom?" Li Yunrui sneered and said, "Don't make judgments about one thing based on your imagination! In the past,

Have you heard of the steel-making method with a daily output of 100,000 kilograms? Isn’t it available now? Have you ever heard of the Haotian mirror and glass? Isn’t it available now? You can’t look at problems with old eyes and old ideas.

There are many things in the world that are not what you think they are..."

Copper basins can float on water. This is a very common phenomenon. As soon as Li Yunrui said it, everyone understood.

Feng Man was a little depressed when he was retorted by Li Yunrui, but after thinking about it, he realized that what Li Yunrui said really made sense.

Haotian Mingguang Mirror, glass cups, Qiuxiang brought dozens of sets to Taiyuan City as gifts for Li Wanru. Li Wanru took out some gifts and gave them to Prince Jin, Princess Xie, other princes, and even the chief minister of Shanxi Province.

Brain, this matter has long been spread throughout Taiyuan City, and everyone is proud to have seen it and used it.

These things have indeed never been seen before, but they appear in front of everyone...

After listening to Li Yunrui's words, other salt merchants looked at me and I looked at you. They all wanted to hear other people's thoughts.

"Of course, you can also choose not to believe it. After all, it is unbelievable to build a ship with iron, but I can tell you clearly that in two years at most, you will see a prototype ship!" Li Yunrui touched his chin and said, "Business people,

You must have the spirit of daring to be the first in the world. If you see future business opportunities, if you don’t plan them in advance, if you wait until the opportunity comes, if you rush to get started, you may not even be able to drink the soup..."

"Why is the young master so sure?" Liu Bin, who had been silent for the whole time, asked.

"If I talk about the Haotian Light Mirror, I made the glass? Do you believe it?" Li Yunrui picked up the tea cup in front of him and took a sip of tea.

"Letter!" Liu Bin nodded and said.

There are definitely many people who will pay attention to "rare treasures" such as Haotian mirrors and glasses. Liu Bin is one of them. He once arranged for people to inquire and found out that all Haotian mirrors and glasses are from Pingyang.

The princess took it out of her hand.
Chapter completed!