Chapter 255： 【Annual Summary Report 1】

Chapter 255 [Annual Summary Report 1]

Time came before the Spring Festival in 1956, Wu Guangyao began to get busy again, and the annual reports of each company would be reviewed carefully, and plans for the next year were needed.

Wu Guangyao’s first stop is Lao Fengxiang Jewelry. This is an annual practice. After all, Lao Fengxiang Jewelry is of the greatest significance to Wu Guangyao!

Flipping through the reports, the joy on Wu Guangyao's face could not be concealed, because Lao Fengxiang's annual profitability reached 2 million US dollars (11.4 million Hong Kong dollars).

What a proud figure. When Wu Guangyao was reading Zheng Yutong's biography, he knew that Chow Tai Fook had an annual profitability of about 5 million Hong Kong dollars in the early 1960s (without entering the diamond field).

In 1955, Lao Fengxiang Jewellery made a profit of 11.4 million Hong Kong dollars in one year, which is a lot more than that!

Of course, after a closer look at the report, we found that businesses outside Hong Kong Island (mainly in East Asia) (mainly diamonds) contributed 6.5 million Hong Kong dollars, accounting for a little more than half.

The price of diamonds is opaque. Unlike gold, everyone knows the basic price; and the profit of diamonds is often double to triple, which is the result of letting the profits go to Dongying agents.

In other words, the price of diamond jewelry purchased by customers is at least 5 times higher than that of De Beers.

After reading the report, Wu Guangyao summoned Lao Fengxiang’s management and held a meeting;

Summarize the work of the past year and formulate the company's direction and actions for this year.

At this time, Lao Fengxiang Jewelry, the share situation is that the Wu family accounted for 90%, and the management and staff accounted for 10%; Lao Fengxiang Jewelry has undergone two share awards and finally formed the equity distribution.

In other words, Wu Guangyao did not promise to give out his shares for reward!

Wu Guangyao would not choose to let Lao Fengxiang Jewelry go public. Anyway, Lao Fengxiang Jewelry will not be short of money, so why go to the market and disclose his financial status.

"Well, in the past year, everyone's performance is worthy of recognition! But everyone can't let up. I heard that there are many gold shops on Hong Kong Island that are seeking De Beer licenses. You should be careful. If they do not get licenses, we can't control it. ; However, we must strengthen the brand of Lao Fengxiang jewelry. The market is developed by us, and we can’t let them seize our success. So we must be ourselves and let Lao Fengxiang jewelry be deeply rooted in the hearts of the people; when everyone needs to buy jewelry, the first What I think of is Lao Fengxiang's jewelry."

Wu Guangyao's words, everyone agrees!

The entire Asian diamond market is opened by Lao Fengxiang Jewelry, which is the result of the large amount of advertising and manpower used by Lao Fengxiang Jewelry.

These people can’t wait to seize Lao Fengxiang’s achievements, so naturally everyone will not agree!

"In recent years, the world's diamond business has begun to flourish, and diamond licenses are also very tight. They may not have the opportunity to obtain licenses now! I also suggest that we continue to acquire De Beer licenses and strive to monopolize the diamond business in Asia." Said.

Wu Guangyao nodded, agreeing: "Yes, in South Africa entrust a consulting company. According to the old rules, we only need to have the license of the company with financial status; as for the high-priced license, those people will **** it!"

After not discussing this topic again, Wu Guangyao continued: "Last year (1955) the Hong Kong government established a semi-official committee for the development of tourism and recognized South Kowloon with Tsim Sha Tsui as a tourist area. This illustrates a problem. The tourism industry on Hong Kong Island will become more and more prosperous. So I decided to open three more branches in Tsim Sha Tsui, the Yau Ma Tei section of Nathan Road, and Mong Kok, which are the most popular places for tourists in South Kowloon, to focus on which tourist business. Our aim Yes: Don’t let a customer who enters the door go out empty-handed, at least to leave a deep impression. If a tourist who wants to buy diamonds can’t see a diamond jewelry on Hong Kong Island, which is full of shops, it would be a pity. .Only we have diamond jewelry in Hong Kong Island Jewelry Store. Naturally, we must let all tourists see our exquisite diamond jewelry, and then return with satisfaction!"

Wu Guangyao knows every important step of the company's company clearly;

For example, Lao Fengxiang opened three stores in the tourist area this time, exclusively for tourists.

Wu Guangyao has been concerned about one piece of data in the past two years, that is, the number of people who come to Hong Kong to stay in hotels, and found that the increase is very high;

And I sent someone to Tsim Sha Tsui to investigate and discovered a secret: people who came to Hong Kong did not have much luggage on both hands when they came, and they must be big bags when they returned.

It turns out that this is because Hong Kong Island levies taxes on several special products such as tobacco and alcohol. Other products are not taxed. Some products are even cheaper than the origin.

So, Hong Kong has begun to become a shopping paradise!

The industry under its own will naturally not let these tourists go!

The Kai Tak Airport and the Ocean Shipping Service Center are both in Tsim Sha Tsui; therefore, there are the most tourists in South Kowloon, so this area is a tourist area that needs key development.

A group of management members listened to Wu Guangyao's forward-looking vision, and felt ashamed. There are so many people who did not realize this kind of business opportunity, which is simply a failure!

Next, everyone discussed going to other places in Asia to develop specific plans for the diamond market, and strive to sell their diamonds to the entire Asia.

Second stop, Uniqlo.

Uniqlo is a group company, which is mainly composed of Uniqlo clothing production plants, Uniqlo chain clothing stores, Armani (luxury men's clothing), and Valentino (luxury women's clothing).

Uniqlo clothing production factory, not only produces clothing for its own clothing brands, but also does OEM for overseas clothing brands;

Uniqlo garment production factory, currently has three large factories, two medium-sized factories, and 3900 workers.

Relying on the advantages of human resources on Hong Kong Island, Uniqlo is already the largest garment production factory in Asia, and its products are mainly sold to East Asia, Europe, the United States and other places.

The three brands   Uniqlo, Armani, and Valentino have also moved out of Hong Kong Island and have opened branches in Dongying, Sing Tao, Taiwan Island, Thailand, and Malaysia.

Whether it has succeeded, I will not show it for the time being. I can only say that it is to inquire about the situation first and lay the foundation for future development.

“Branded clothing is not selling well overseas. Except for Dongying, which is slightly profitable, there have been slight losses in other places!” Lin Yueru flipped through the report and said to Wu Guangyao.

Lin Yueru can now stand alone, taking the post of president of Uniqlo, while Wu Guangyao is just her consultant.

"It's normal. After all, these three brands are not well-known in other places except Hong Kong Island! So, we can't rush, we have to work slowly! A brand can only be successful after a long period of verification and precipitation; often that Suddenly popular brands will soon die out. So you have to pay attention to keeping the company's competitiveness, fashion and quality all the time, then one day, these brands will be in your hands and become world brands. "Wu Guangyao comforted.

After all, Asia is backward, and the concept of fashion is still very weak; unlike Europe and the United States, it is often a hot style that everyone can accept; Asia is different, and most Asian regions now pay more attention to ethnic clothing.

For example, in recent years, Warren Tiannu has released several hot styles-hourglass skirts, waist skirts, and retro skirts. The sales in Asia are not high, but they are very popular in Europe and America.

"I have said that I will be the president of the Valentino brand. You have to hand over the entire Uniqlo to me. Now I feel that what you said is so profound. If you mess up, you won't blame me! "Lin Yueru put down the report in her hand and said coquettishly, holding Wu Guangyao's arm.

28-year-old Lin Yueru has added a bit of the charm of a young woman. In Wu Guangyao's eyes, it seems to be more attractive than when she knew him!

Suppressing the desire in his heart, Wu Guangyao continued to encourage: "Don't worry, the profitability of Uniqlo's garment factory is enough to wait for the success of the three brands! Besides, I let you be the president, and I did not let it go; therefore, you just Do it with confidence, I have everything!"

Lin Yueru left Wu Guangyao's arm with satisfaction, and again picked up the report and looked at it.

Wu Guangyao looked at the report in his hand and found that Uniqlo had a profit of up to 10 million Hong Kong dollars last year, and there was no hidden danger;

Uniqlo has more employees than Lao Fengxiang Jewelry, but its profitability is not as high as Lao Fengxiang Jewelry; the main reason is that although the ready-to-wear industry on Hong Kong Island is developed, but the added value is not high, it has made a reputation in the world by relying on cheap prices.

Even if Wu Guangyao did not appear, the garment industry on Hong Kong Island would dominate the world, once reaching the largest exporter of garments in the world. After the establishment of Uniqlo, Wu Guangyao organized the garment industry on Hong Kong Island to improve the quality of garments. Form an alliance, so it is more competitive in the world.

So far, there are thousands of garment factories on Hong Kong Island (not counting family factories), employing 39,000 people; and there are only more than 130 factories eligible to join the Hong Kong Island Garment Chamber of Commerce.

"By the way, in the tourist area of ​​Kowloon, we are going to open a few stores, mainly for tourists." Wu Guangyao warned.

"I see!"

At Uniqlo’s annual meeting, Lin Yueru became the protagonist, but Wu Guangyao said nothing!

Even if there is a good opinion, Wu Guangyao will tell Lin Yueru and let her convey it.

"President Fu, what do you have to say?" Lin Yueru spoke for a while, then passed the topic to Fu Hongru.

As the vice president of Uniqlo, Fu Hongru is a real figure in power, because Lin Yueru’s ability is a bit weaker, which highlights the vice president of Fu Hongru.

"I think the expansion of the two luxury garments should be suspended; after all, Asia is not Europe and the United States, and the ability to accept luxury goods is still very weak. We only need to have one or two stores in each country, and we don't need to focus on this. We should focus on garment factories and Uniqlo brand chain stores. Needless to say, garment factories on Hong Kong Island have been able to compete with other countries in the world under the leadership of Mr. Wu in recent years; while Uniqlo chain clothing stores , There is also great competitiveness, the products are new quickly, the price is medium, and the styles are diversified. No matter which country in Asia, there will be a market." Factory OEM, and Uniqlo chain clothing store.

Lin Yueru heard this, looked at Wu Guangyao, and quickly decided: "Two luxury goods are temporarily postponed to open branches, but the existing stores must be developed. There are rich people everywhere, so high-end clothing brands are still There is a market. Of course, our main focus will be on Uniqlo factories and Uniqlo chain stores."

In fact, in general, Armani and Valen Tiannu have been very profitable in recent years, but they are not as good as Uniqlo factories and Uniqlo clothing chains!

(End of this chapter)