Starting out as a drug dealer in 1988

Everyone left the general manager's office full of fighting spirit, and everyone's heart was full of expectations and excitement.

They know that once Hengyuan brand TVs can be successfully launched and achieve certain results, it will not only mean that Hengyuan Electronics' home appliance industry has added a new sector, but also fill an important gap in Hengyuan Electronics' home appliance field.

At this point, Hengyuan Electronics has a complete product line in major appliances such as refrigerators, washing machines, air conditioners, televisions, water heaters, and microwave ovens.

These home appliances are complete in variety and high in quality, and can meet the needs of different consumers.

As time goes by, Hengyuan Electronics' home appliance portfolio has gradually become complete and its market share has continued to expand.

As long as Hengyuan Electronics continues to maintain its leading position in future market competition, its market value will be further enhanced.

"Mr. Zhao, I'm Song Weixuan. I wonder if you have time recently? I plan to go to the mainland soon."

"Mr. Song, you are very welcome to come to the mainland. However, I already have plans this week. If possible, please arrange it for next week."

……

"Mr. Zhao, Citibank's Vice President for Greater China, Mr. Wells, just called and hopes to meet with you."

"Okay, let's arrange it for next week."

……

"Mr. Zhao, I'm Fang Qiming from Wansheng Group."

"Mr. Fang, I haven't seen you for a long time. How come you have time to call me today?"

"There's a situation. I have an acquaintance named Jack at Sequoia Capital. He asked me to say hello to you and would like to visit you. I wonder if Mr. Zhao is available?"

"Sure, next week. This week's schedule is already full."

"Okay then, I'll bring Jack over next week."

……

Just after Hengyuan Electronics announced that its TVs had officially entered the testing phase and would be launched in July, the news immediately caused an uproar in the market.

The "Hengyuan" brand has long been prominent in the field of home appliances, especially in frequency conversion technology, where it is unique and far ahead.

Now, Hengyuan Electronics has announced its entry into the TV market, putting its peers under unprecedented pressure.

At the same time, capital with a keen sense of smell has also smelled the business opportunities.

Like a pack of hungry wolves, they heard the news and began to rush into this new battlefield frantically.

Those who had connections couldn't wait to call Zhao Wenhao; those who didn't tried their best to contact him indirectly through people around Zhao Wenhao.

Faced with such a situation, Zhao Wenhao remained very calm and composed.

He knew very well the purpose of these people's visit, but he did not refuse anyone's request to meet.

He warmly entertained and showed an open and cooperative attitude to those investors and partners with strength and background.

Because he understands that only by gathering the strength of all parties can Hengyuan Electronics' development be pushed to a higher level.

However, behind this lively scene, Zhao Wenhao always kept a clear head.

He knew that market competition was extremely fierce and it was not easy to gain a foothold in the television industry.

Therefore, he must make full use of this opportunity, screen the most suitable partners, and jointly create a competitive TV product line.

At the same time, he must continue to innovate and improve his technical level to meet various challenges that may arise in the future.

Of course, these are all considered from the perspective of Hengyuan Electronics' development.

In addition, there is another reason, that is, Zhao Wenhao also hopes to obtain funds by selling a certain proportion of shares.

Nearly half of 96 has passed, and the stock prices and property market in Hong Kong Island are showing a geometric growth trend.

Last year, Zhao Wenhao only had HK$18 billion in capital in Hong Kong Island.

However, through continuous credit mortgage and repeated cycles, New Century Investment Company has now successfully accumulated assets of more than 120 billion.

Of course, this includes fixed assets as well as various forms of property such as bonds and stocks.

At the same time, the company's debt reached a staggering 80 billion.

After such calculation, the actual wealth owned by New Century Investment Company is close to 40 billion.

As Kuang Youzhi, the head of New Century Company, said, if it were not for the current optimism in the Hong Kong market, which has been rising sharply, New Century Investment Company would face huge risks and even collapse if it encountered any disturbance just due to such a high debt.

A huge loan of 8 billion!

That’s 8 billion!

The interest to be paid every month is as high as 200 million yuan!

What does this mean? That is, if the assets owned by New Century Investment Company, including housing prices, stock prices, bonds, etc., cannot rise to such an astonishing height, then the company will inevitably face bankruptcy, closure and liquidation.

Perhaps some people would naively think that since it is a positive asset, there should be something left even if it is eventually liquidated?

However, the reality is not that simple.

You must know that once these so-called fixed assets encounter any disturbance, such as a sudden sharp drop in housing prices, the value of the entire asset will inevitably depreciate rapidly.

What’s worse is that converting these assets into cash is not easy, and the cruel reality of lowering prices is bound to appear in the market.

This is the fundamental reason why Kuang Youzhi has always been deeply worried.

As an experienced and sophisticated trader, Kuang Youzhi is well aware of the huge risks hidden therein.

He had advised Zhao Wenhao more than once, but unfortunately, Zhao Wenhao had already made up his mind and would not change it.

Faced with this situation, Kuang Youzhi was powerless and could only sigh inwardly.

Half a year has passed now. During this period, just as Zhao Wenhao expected, the stock market and housing prices in Hong Kong Island have shown an astonishing growth trend.

This increase made Zhao Wenhao's wealth snowball, and he successfully made a huge fortune.

If he chooses to cash out gradually at this time, he will be able to easily obtain at least 40 billion in cash assets.

After Kuang Youzhi learned about this situation, he called Zhao Wenhao and suggested that he stop at the right time.

In Kuang Youzhi's eyes, starting from a starting point of 18 billion at the end of 40, it had risen to 22 billion by May , with a net profit of billion in just half a year. Such considerable profits were already satisfactory.

However, Zhao Wenhao did not change his original intention because of this. He even decided to sell part of Hengyuan Electronics' shares in order to continue investing in the real estate and stock markets in Hong Kong Island.

The reason is simple: Zhao Wenhao knows very well that the market in Hong Kong Island will continue to rise in the next year until June 1997.

As long as he seizes the opportunity and gradually sells off his assets during this period, the profits he can obtain will be more than just doubling.