Mixed in 1980

Chapter 175 Earning Foreign Exchange from Export
If his younger brother wants to give some advice, Chen Min definitely has no objection.

At home, he didn't dare to say a word when I dealt with him myself, but the one who really made the decisions at home was Chen Fan, including setting up a stall and opening a shop, all were Chen Fan's ideas.

"Go back and open a furniture factory to make office furniture."

"Will this work?" Chen Min was surprised.

There are no private enterprises in the mainland at present, only individual businesses. Privately-owned factories? This is nothing short of absurd. The number of people in an individual business, including the operator himself, cannot exceed seven.

"Normal procedures will definitely not work. You need to register a company in Hong Kong first. Once all the formalities are completed, you can then use the foreign exchange to invest in a factory. The mainland will treat you like a big shot."

Seeing Chen Min rolling his eyes, Chen Fan said unhappily: "Don't worry about the money, I'll give it to you first, and you can pay me back when you make money. I'm your brother, why are you being so polite to me?"

Chen Min smiled bitterly. What else could he say?
My brother had been the one who took the money from the stall, so there was really no need to be polite: "It's just the furniture we made, can it be sold?"

"As long as office furniture is functional and practical, we will focus on cost-effectiveness in the early stage. The cost in the mainland is much lower than in Hong Kong, so we are still competitive."

"Then let's do this. Where should we open the factory?"

"It's either Guangzhou or Beijing. It's up to you. If you open a store in Guangzhou, it will be convenient for import and export, and you can save a lot of transportation costs."

"Let's do it in Yangcheng."

Chen Min immediately thought of someone, her best friend when she went to the countryside to work in the production team, and she was Zhang Xiaoxi’s godmother. It was she who gave her the nickname “Nannan”.

It's a good opportunity to pull her over to help.

"We are also going to set up a sales company in Hong Kong. Come with me to the publishing house in a few days. I will ask the people from the publishing house to help you register the company and then find someone to teach you how to run the business."

Speaking of this, Chen Min felt a little embarrassed.

I don't know anything about running a business.

Chen Fan didn't care about it. He just needed to take it slow. When opening a furniture factory, he didn't have to do it on a large scale from the beginning. He just needed to explore it slowly.

As I said, train the people first.

The process of reform and opening up is still very long. 1984 was only the first year of private enterprises. As long as people are trained, there will be many ways to make money in the future.

In his opinion, this entrepreneurial venture is an opportunity for Chen Min and his wife to exercise.

Just like when Zeng Ali started her business, she also went to Feixing Clothing to learn. It took her eight or nine months to train herself up. Otherwise, no amount of money would be enough to cover the losses.

"Sister, I'll order a set first when your furniture factory is up and running."

Zeng Ali came over and said, "The publishing house's furniture has been used for many years, so it's time to replace it with new ones. Sister Ying has a wide network of contacts and can introduce a lot of orders in the early stage."

"There is also Yipin Fish Restaurant, in which our family also has shares. The fish restaurant has been expanding over the past two years, and we can take over the furniture business of Xindian by then."

Chen Min smiled. It was true.

When doing business, the scale is not large in the early stage and you can get a lot of orders by relying on your connections.

Thinking of this, she gained some confidence.

After playing for another two days, everyone was tired and planned to rest at home for two days. Chen Fan also took this time to take Chen Min and Zeng Ali to the publishing house.

Seeing them coming, Qiu Wenxin secretly breathed a sigh of relief. Fortunately, although the publishing house was run by a stepmother, the boss would still come and take a look.

"Mr. Qiu, Mr. Qian, long time no see. Where's Mr. Wang?"

The three rotating presidents are Qiu Wenxin, Qian Jialiang, and Wang Zhihe. This term's rotating president is Qian Jialiang: "Mr. Chen, Mr. Wang will go to the United States to handle the affairs of the branch."

"Sit down and chat. Ali, make some tea."

Chen Fan handed Qian Jialiang a cigarette and lit one for himself: "How is the operation of the publishing house in the United States?"

Qian Jialiang took the cigarette and introduced, "Mr. Chen, the operation of the US branch is much smoother than we had imagined."

Mainly after the release of "The Matrix" trilogy in the United States, the pen name "chen-fan" has become completely famous there and he is a well-known best-selling author.

After the release of the first part of "The Hunger Games", a large number of fans accumulated from "The Matrix" trilogy joined the ranks of buying books.

To date, sales of the first part of "The Hunger Games" have exceeded 500 million copies.

Chen Fan was not surprised by such sales volume. Book sales in the United States have always been very high, especially in the 1980s and 1990s, when paper books were very popular.

The first part of "The Hunger Games" sold 870 million copies in the United States, and the global sales of the trilogy combined exceeded 8000 million copies.

However, the release of "The Hunger Games" was not without its problems. The problem of piracy was also very serious, and the Americans were very good at it.

The Americans are good at piracy. Their industrial base was originally pirated from Europe. Once they developed, they started shouting about protecting patents.

The same goes for books. If you can't compete with others in the publishing industry, you can make money by pirating.

Although Chenfan Publishing House has a branch in the United States and can protect the copyright of its products published in the United States, the Americans know how to play tricks and sell pirated copies throughout South American countries.

"..."

After listening to this, Chen Fan was speechless, but there was nothing he could do. The general environment over there was like this, and no one could change it.

Many British writers have signed a petition to the United States. Did the Americans respond to them? Capitalism is like this: when it is beneficial to me, I will protect the copyright. When it is not beneficial to me, I will verbally protect the copyright.

Anyway, if anyone tells Chen Fan that Americans value copyright, Chen Fan will definitely slap them in the face and say, fuck… what the hell.

However, the profits from setting up a branch in the United States are quite good.

The genuine version sold more than 500 million copies, priced at US$6, with sales of more than US$3000 million. The publisher achieved a net profit of 15% and revenue of more than US$450 million.

In addition, Chen Fan personally receives 10% of the royalties, which is US$300 million.

It's just that the taxes are too disgusting.

According to the tiered tax filing system, Chen Fan's personal royalties amounted to only US$210 million.

After chatting about the branch office's affairs for a while, Chen Fan began to look through the financial statements and asked Zeng Ali to help calculate the various income and prepare to withdraw funds.

The publisher's income mainly comes from "Awakening", "The Matrix Part 3", "The Hunger Games Part 1", and some miscellaneous items.

"The Awakening Age" sold more than 90 copies, with a total of more than 180 million copies of the two volumes. The price was relatively high, 40 Hong Kong dollars per copy, with sales of 7200 million and revenue of 1080 million Hong Kong dollars.

Chen Fan’s personal remuneration is 720 million.

The third installment of The Matrix sold 130 million copies, priced at HK$30, with sales of HK$3900 million and revenue of HK$585 million. The global copyright was sold for US$600 million, of which Chen Fan took 20%, leaving the remaining US$480 million.

Chen Fan received a personal remuneration of HK$390, plus global royalties of US$120 million.

The first part of "The Hunger Games" sold 110 million copies in Hong Kong, with a price of HK$30, sales of HK$3300 million, revenue of HK$495 million, revenue of US$450 million in the United States, and copyright sales in various regions around the world of US$460 million. Chen Fan took 20% of this, and the remaining royalties were US$368 million.

Chen Fan's personal remuneration is 330 million Hong Kong dollars, 210 million US dollars, and royalties are 92 US dollars.

In addition, the company also has sporadic income from marginal literature, printing houses, and the first and second parts of "The Matrix", but they are all small amounts.

Chen Fan calculated that he should have 1440 million Hong Kong dollars and 422 million US dollars in his account, but he had previously embezzled 1000 million Hong Kong dollars to the mainland, and after deducting taxes and converting all the money into Hong Kong dollars, he should have a little over 2000 million Hong Kong dollars in his account.

The company should have more than 2000 million Hong Kong dollars and more than 1000 million US dollars in its account.

Pretty much the same, actually.

Chen Fan used the office phone to call Li Hongying and asked to embezzle 1000 million US dollars from the company account. Li Hongying readily agreed.

Putting aside their friendship, with the profits of the publishing house, even if Chen Fan could not pay back the money he embezzled, it would be enough to be deducted directly from the dividends at the end of the year.

After the money arrived, Chen Fan was embarrassed to just leave, lest his employees think that he, as a boss, only came to the company to ask for money.

He worked hard in the office, finishing what needed to be done, and asked Qiu Wenxin to arrange an assistant to help Chen Min register the company.

When it was time to get off work, Qiu Wenxin asked again, "Mr. Chen, will you come tomorrow?"

Meeting that expectant look, Chen Fan felt embarrassed to refuse, so he changed his schedule for tomorrow and planned to continue sitting in the office tomorrow.

Zeng Ali almost laughed out loud. The employees in the publishing house are quite funny. When the boss is not around, you just slack off and don't look forward to the boss coming.

“The employees of the publishing house are pretty good.”

"That's because I pay you enough!"

Chen Fan is not an unscrupulous boss. The salaries at the publishing house are among the top in the industry, and all kinds of benefits are provided in place, without any unfair treatment of any employee.

The most important thing is that employees have a sense of crisis.

After entering 82, the Hong Kong property market collapsed, which had a huge impact on the overall economy. The employment environment became extremely bad. Everyone was worried that the boss would quit one day and everyone would be unemployed.

With Chen Fan's attitude of not coming for several months, the employees have every reason to suspect that Chen Fan is just playing around with this publishing house.

"You're just lazy, what excuses are you making?"

Chen Min glared at his brother. She had never seen anyone so careless. It was such a big company with terrifyingly high profits, but he was too lazy to take care of it. The employees had to beg him to go to the company.

After returning to the luxury house in Repulse Bay, Chen Min called her husband to discuss opening a factory.

Upon hearing that his brother-in-law gave 1000 million Hong Kong dollars as start-up capital, Zhang Yunfan couldn't help but sigh that the gap between people is sometimes really big.

As family members, my brother-in-law is afraid that I am not living a good life, so he supports me as much as he can. But when he looks at his own family, they can’t bear to see me doing well and just want to squeeze me out of my life.

However, greed always comes at a price. After his shop was taken away, the third son of the Zhang family didn't have a good life for a few days, and he probably won't be able to get out in the short term.

Zhang Yunfan is too lazy to care about it now. Ever since he sold the shop and saw the true face of that family, he feels that his relationship with his family has almost been severed.

"Yuanyuan, it's time to get busy."

Zeng Ali called Zhao Yuanyuan to discuss the official launch of the project. There would be a lot of things to do next.

As for the funds, Chen Fan gave 1000 million Hong Kong dollars as initial start-up capital, which was more than enough. There was no financial pressure and more things could be done.

PS: The first update is here~ Friends who still have tickets, please support it, thank you!

(End of this chapter)