Starting out as a drug dealer in 1988

The Canton Fair concluded successfully, and Zhao Wenhao returned to Xuanzhou with his team.

"Boss Zhao, congratulations! You've won a great victory this time!"

When Yuan Bin learned that Zhao Wenhao had returned to the company, he came to him immediately.

As the company's vice president, Yuan Bin is in charge of all matters when Zhao Wenhao is not in the company.

It can be said that in addition to Zhao Wenhao’s decision-making and fighting spirit, the silent contribution of Yuan Bin is also responsible for Hengyuan Electronics’ current success.

Therefore, Zhao Wenhao has always been very respectful to Yuan Bin.

"Mr. Yuan, is there any problem at the company?" Zhao Wenhao smiled and invited Yuan Bin in and sat him on the sofa.

Yuan Bin forced a smile, and the wrinkles on his face were squeezed together.

"Is there something wrong?" Zhao Wenhao couldn't help but feel confused.

Although he is often not in the company, his control over the company is not small.

If anything really happened, someone would definitely inform him of the situation.

"There are no problems with the company's operations," Yuan Bin quickly replied. "The problem now is that we have so many orders coming in all of a sudden, and our production capacity simply can't keep up. Only by expanding our production capacity can we solve the problem later."

Zhao Wenhao certainly knew that the company's production capacity could not keep up. He had considered this before attending the Canton Fair.

At that time, he thought that if there were good transactions at the Canton Fair, he could first supply some of the goods supplied to domestic distributors to the foreign market.

After all, the domestic market can be adjusted, but it is not so easy to adjust the foreign market.

Just shipping the goods costs a lot.

But things are often beyond people's expectations. Not to mention that the people in the company did not expect that the Canton Fair would achieve such great results, even Zhao Wenhao himself did not expect this.

As a result, demand suddenly increased, but supply could not meet the demand.

"Mr. Yuan, domestically, all distributors will have their supply cut by 30%. Prioritize this 30% for the international market," Zhao Wenhao instructed. "I'll have the sales department contact all distributors and try to resolve the issue within two months."

"Two months?" Yuan Bin shook his head, somewhat unconvinced. "Two months might be a bit uncertain. You have to know that these overseas channels have only ordered the first batch of goods.

Furthermore, most companies are relatively conservative when placing their first batch of orders. If subsequent orders increase, how will we address this issue?

Zhao Wenhao walked up, patted Yuan Bin on the shoulder, and said comfortingly, "Don't worry, I know what's going on. I contacted Japan the day before yesterday, and I plan to add two production lines.

By then, with the old employees guiding the new employees, and with two months of buffer time, they should be able to get started.

In addition, during this period, you can arrange for all workers to work overtime and increase overtime pay by 20%. I believe everyone is willing to work overtime."

Yuan Bin had no objection to the so-called overtime work.

As long as the company is willing to pay, workers are happy to work overtime every day.

In this day and age, which factory really adheres to an 8-hour workday? 10 hours is pretty common.

Of course, Hengyuan Electronics Company has done relatively well in this regard, and the overtime pay it pays is still very high in comparison.

Therefore, workers are eager to work overtime every day, not to mention the so-called weekends.

"Mr. Zhao, the company's funds are running low! If we order two more production lines, there won't be any money left in the account, and even daily operations will be disrupted."

Zhao Wenhao certainly knew how much money was in the company's account, but he wasn't worried at all.

You should know that this time, except for Wansheng Group and Hanbin Group, which signed general contracts, the others are one-time contracts.

Even with this calculation, the first batch of order contracts is worth 1.8 million.

During the previous negotiation process, Hengyuan Electronics insisted on cash payment and delivery of goods on time and would never default on payments.

This means that the money will be deposited into the company's account within a month at most.

Of course, to ensure safety, the company still needs to maintain liquidity.

Zhao Wenhao has already thought of a solution to this problem.

He plans to go to the bank for a loan again.

Given the company's success at the Canton Fair, I believe all the major banks are eager for Hengyuan Electronics to seek loans from them.

Even though Hengyuan Electronics had already borrowed a total of 100 million yuan.

Another point is that as the pace of market economic reforms accelerated, the domestic money supply increased by 35%, which naturally triggered inflation and soaring prices.

The money at this time has depreciated a lot compared to the previous few years.

Take the exchange rate for example. In the late 1s, the exchange rate between the US dollar and the RMB was around 3.5:1. In just three or four years, it has now become 5.5:.

As time goes by, the exchange rate will continue to adjust until it reaches 1:7 or even 1:8.

Therefore, Zhao Wenhao required all foreign orderers to pay in US dollars this time.

He only plans to use part of this money, and will directly borrow the remaining funds from the bank.

He had even thought it through and was planning to go to Hong Kong Island soon to set up an investment company there. He would then use this investment company to control Hengyuan Electronics for future capital operations.

"Mr. Yuan, I'll take care of the funding issue, and you can handle the rest." Zhao Wenhao didn't elaborate on his operation plan with Yuan Bin. "Tomorrow, I'll go to the bank to apply for a loan. I believe the funds will be approved soon."

Yuan Bin nodded helplessly. This was the only way for now.

Now, he can’t be split into two halves to use alone.

If you want to increase production capacity later, you need to recruit new workers now.

The company currently has 3000 employees. If it expands production this time, it will need to recruit at least 1000 more employees.

In addition, management positions also need to recruit people accordingly.

In this case, the monthly salary expenditure alone will be a considerable expense.

Yuan Bin left first, while Zhao Wenhao picked up the phone and called several major banks.

The next day, Zhao Wenhao went to visit major banks at the agreed time.

When the person in charge learned that Zhao Wenhao was planning to take out another loan, he immediately became excited.

They were all well-informed and naturally knew the current situation of Hengyuan Electronics, especially the fruitful results of this Canton Fair.

Now that the company plans to expand, they are of course happy to do so.

So, in just one day, the heads of the four major banks all agreed to Hengyuan Electronics' request and loaned a total of 8000 million yuan.

With these 8000 million, purchasing production lines and adding more staff in the later stage will not be a problem.

The 1.8 million yuan raised from this Canton Fair is approximately equivalent to 3300 million US dollars, and there is no need to use it for the time being.