People in the Republic of China era began to rise from industry.

With a decision made and prior investigations conducted, things naturally proceeded quickly.

It only took one day.

Lin Yi obtained preliminary information on several shortlisted targets and selected a steel mill called Xingye Metallurgical Plant...

Yu Xingmin was quite well-known in Shanghai.

A year ago, Xingye Textile Factory, under his name, was bustling with activity and making a fortune every day.

It is one of the top companies in the entire textile industry in China.

From small to large, from large to strong, from strong to widespread.

This is the most common business development path.

Once someone has achieved a certain level of success in a particular industry, those in charge often tend to expand their business scope and seek broader sources of profit.

Yu Xingmin also failed to escape this trap.

So a year ago, when China's textile industry was at its peak, Xingye Metallurgical Plant was built.

It is not large in scale, covering an area of ​​no more than 100 acres.

Within a year, the entire factory area, including a blast furnace and a converter, rose from the ground.

According to normal development, the next step is to go through the process of growing from small to large.

If production and construction proceed smoothly, it won't be long before it becomes another renowned steel company.

But there are unforeseen circumstances.

With the dramatic changes in the textile market, Xingye Textile Factory is now mired in difficulties.

Moreover, the larger the scale, the more difficult the days are.

Unlike medium-sized textile enterprises like Andao Textile Factory, Lin Yi could stop production with a single word.

Even without profits from other industries to cover the resulting losses, the Lin family's wealth could sustain them for a long time.

Xingye Textile, which covers hundreds of acres and employs nearly 5,000 workers, simply cannot withstand such a situation.

Once production stops, the losses caused by idle equipment and various unavoidable fixed expenses are manageable, but the loss of market share is an unbearable burden.

So even now, Xingye Textile is still gritting its teeth and persevering, continuing to produce at a loss.

As for Xingye Metallurgical Plant, which had already reached the production stage, it could only be brought to a standstill.

Because of the production start-up, the expenditure on raw material procurement is not a small amount.

Cost control in the steel industry mainly relies on economies of scale.

Given the size of Xingye Metallurgical Plant, it will inevitably experience losses for a long period of time after it goes into production.

Therefore, leaving it untouched is both a helpless choice and the best choice.

But it's definitely a source of worry.

So when Lin Yi came to visit, Yu Xingmin, whose hair had turned half white recently, was actually hesitating about whether to sell Xingye Metallurgical Plant at a discount.

Moreover, several preliminary agreements have already been reached.

But after all, it was his hard work, and to sell at this crucial moment resulted in a huge loss.

Therefore, it is really difficult to make a decision.

"cooperate?"

After meeting, Lin Yi got straight to the point and proposed the idea of ​​cooperation.

Yu Xingmin was surprised, but his eyes immediately lit up.

He had this idea a long time ago.

Unfortunately, the few people who had their eyes on Xingye Metallurgical Plant had no intention of cooperating at all.

They were thinking of taking advantage of his illness to kill him, and directly buying him at a discounted price.

"Yes, cooperation."

"Hehe, Mr. Lin, please have a seat."

Yu Xingmin, who had been looking bitter and resentful, immediately became eager.

He gestured for Lin Yi to sit down, had someone bring him a cup of tea, and then rubbed his hands together before asking, "Mr. Lin, how much money do you plan to invest?"

"That depends on how much the metallurgical plant needs."

Lin Yi smiled calmly.

Only he himself knows best that he has limited working capital.

Therefore, speaking more forcefully at this time will give him a greater advantage in taking the initiative in all aspects.

Yu Xingmin had already calculated how much it would cost to start up the metallurgical plant.

The minimum investment is 500,000.

This is needed as soon as the furnace is turned on.

If we also consider the loss-making production in the first half of the year or even the whole year, this figure would be at least 1.5 million.

This amount of money wasn't much for him originally.

They can even produce it now.

Unfortunately, Xingye Textile Factory is currently struggling, and the textile market shows no signs of improvement.

Even banks can't lend money.

Faced with the bottomless pit of subsequent investments in his main textile business, he is also trying to find ways to prove his cash flow.

As for someone like Fan Zhongxu, who dared to sell his family fortune and gamble everything for the alkali plant... people are different, and Yu Xingmin couldn't do that.

If he truly had such ambition, he should have sold off the increasingly struggling Xingye Textile Factory at this point and focused on developing a more promising metallurgical plant.

"Since Mr. Lin has come to me to discuss cooperation, he must have already learned about the current situation of the metallurgical plant."

Yu Xingmin was also a shrewd old businessman. When it came to substantive issues, he became calm.

There was no rush to tell Lin Yi about the start-up capital needed.

Instead, he started counting on his fingers and began to tell Lin Yi about his initial investments.

After calculating all the expenses, he estimated that the cost of building the steel plant jumped to over 2.1 million yuan.

The water content is estimated to be around 300,000.

This is the room for negotiation left by Yu Xingmin.

If necessary, he would give up 300,000 yuan. Wouldn't this imposing young man be grateful and eagerly take out the money?

"As for the start-up capital for the metallurgical plant, we have calculated that one million is enough."

Yu Xingmin laid an ambush, planning to lure Lin Yi in first.

One million won't be enough by then, but what's done is done, and this guy can only grit his teeth and keep throwing money in.

At that time, you were in control.

In equity negotiations, they can gain an absolute advantage.

Thinking about this with a bit of smugness, he smiled and said, "Mr. Lin, as you know, the scale of China's steel industry is still too small. Every year, we have to import a large amount of steel from abroad, so the market prospects are not a problem at all."

"Once the metallurgical plant goes into production, it won't be long before it becomes profitable."

"To be honest, there are actually many people who have expressed their intention to invest this money."

"These people are just too calculating, always thinking about getting a good deal and not losing out. They only gave me a discount of 1.8 million on my initial investment of more than 2 million.

"Don't they realize that there's no such thing as a free lunch?"

"Mr. Yu is right."

Lin Yi nodded and smiled, "There's a ready-made metallurgical plant right there. Once you invest, it will produce output very quickly."

"To be honest, the funding cycle is also a significant cost, and this is something that must be taken into account when discussing cooperation."

Upon hearing this, Yu Xingmin immediately looked at Lin Yi with new respect.

This young man is no ordinary person.

They even understand these hidden costs.

With admiration, he patted his knee and said, "Mr. Lin is absolutely right. I don't know if some people really don't understand this point or are just pretending to be stupid."

“When we talked, they didn’t even mention this matter.”

"hehe."

Lin Yi chuckled and said, "So Mr. Yu invested more than 2.1 million to build a metallurgical plant, but it's stuck at the last minute and there's been no output for a long time."

"With such a long cycle, you must be under a lot of pressure lately, right?"

Yu Xingmin: Ten thousand horses galloped past...