Although IDA electronics settled with dealers in Southeast Asian countries in US dollars, after the currencies of Southeast Asian countries depreciated one after another, the delivery price was also significantly reduced to ensure that those dealers and factories in the Philippines and Malaysia could have meager profits to maintain their current business.
In the Thai market alone, the exchange rate loss is close to 30%. Of course, IDA Electronics will not subsidize the dealers' exchange rate loss by 100%, but reducing the delivery price by 20% is equivalent to bearing two-thirds of the exchange rate loss, and forcibly reducing the dealers' inventory in the form of reducing the delivery volume two months in advance. When the financial storm rages over Southeast Asia, The dealers of Aida electronics live much better than those of other disc player manufacturers; It is one thing to tighten your belt, and another extreme experience is to be on the verge of bankruptcy.
Xie Jiannan learned from Kewang's sales channels in Southeast Asia that Zhang Ke was always silent when he got on the plane and sat in the business class. When he got off the plane, he deliberately hesitated to avoid an embarrassing meeting with Zhang Ke. Once upon a time, he drowned out similar praise for "genius youth" and "hand of market miracle", Now it seems that it is just a joke; At least that's what he thinks.
Xie Zhan and Liu Minghui had the same thoughts as Xie Jiannan. After getting off the plane, the three people stood in front of the baggage conveyor and could see Zhang Ke and his party go through the transparent glass and go into the pick-up hall. They seemed to feel something. Zhang Ke turned around and smiled, but the smile was hanging in the corner of his lips. In any case, it would not be understood as a kind greeting.
Xie Zhan was angry and wanted to smash the suitcase. If he could ignore the distance of 30 or 40 meters, the tempered glass in the middle and the endless stream of people getting off the plane, he said: "it's really frustrating. Even if we save money, we don't need to take economy class?"
"Well," Xie Jiannan could still have a calm voice, "even if you sit in business class, you will feel better?" he saw Chen Jing and Zijia standing in the pick-up hall at this time.
Xie Zhan glanced and said nothing. Indeed, sitting in the same cabin with Zhang Ke and his party would be more depressed.
Chen Jing and Xie Zijia stood in the spacious and bright pick-up hall. Ye Jianbin and Du Fei followed them into the pick-up hall. Only then did they know that Zhang Ke and Xie Jiannan arrived in Hong Kong on the same plane. Zhang Ke seemed to understand her situation, just nodded and smiled. The party left with Ye Jianbin and Du Fei without stopping to greet Chen Jing; Chen Jing just smiled awkwardly, reluctantly. She didn't have any resentment against Zhang Ke, but was afraid that their smile would make them feel bad in Xie Jiannan's eyes.
What is the double sky of ice and fire? It can probably be used to refer to the situation of Kewang and Aida electronics at this time. The kindness at this time may be out of date in the eyes of others.
After Zhang Ke turned around and left, Chen Jing regretted that her smile would be too forced.
Xie Zizhan was full of resentment and said angrily, "what are you pulling? When others are like the air!" last time in the Peninsula Hotel, Zhang Ke left it there without saying a word. Girls can't stand the contempt of others. However, when Xie Jiannan and Xie Zhan came over, she said, "brother six, why are you so unlucky to take the same plane with that guy?" this was deliberately killing Xie Jiannan's face. Xie Jiannan couldn't say anything to Zijia. He was even more depressed. He didn't say anything and walked directly out of the pick-up hall.
Ge Yinjun didn't come to pick up the plane, but sent his Lincoln, which made Xie Jiannan and Xie Zhan feel a little better; The Ge family has many assets in Southeast Asia. After the separation, most of Ge Mingxin's Department has been divided. When the storm strikes, it is inevitable that they are suffering huge losses.
Compared with GE's huge assets, this loss of overseas companies is nothing.
Of course, those huge assets of more than 10 billion yuan are still under the name of Ge Mingxin. However, GE Yinjun invested all his private money in overseas companies. On the eve of the financial storm, he raised the holding of overseas companies to 85% and invested nearly HK $200 million.
Sitting in the car, Chen Jing saw that it was dark and said, "go to the hotel and have a rest first."
"Go to the company..." Xie Jiannan said blandly, holding his chest and frowning, without the intention to say too much. Chen Jing obeyed him and ordered the driver to drive directly to the Yinxia building in central.
"What's Ge Yin's opinion?" Xie Jiannan asked Chen Jing about the situation when the partition between the carriage and the cab was raised.
"As you know, the measures taken by IDA electronics, GE Yinjun's opinion, naturally, is to directly transfer the loss of the exchange rate to the headquarters..." Chen Jing said.
The settlement between Kewang headquarters and overseas companies is in RMB. The settlement between overseas companies and dealers in Southeast Asian countries is in local currency, and the overseas company is responsible for currency exchange. Before, a large amount of inventory has caused tens of millions of exchange rate losses to overseas companies. It is a fact that the Southeast Asian goods market such as the key Thai baht has depreciated. Kewang headquarters does not reduce the delivery price, Overseas companies have to bear the exchange rate loss in full. The gross profit retained by overseas companies is only about 10%. Even if the currencies of Southeast Asian countries no longer depreciate, overseas companies still have to bear about 30% of the exchange rate loss. I'm afraid that in less than half a year, overseas companies will become negative assets. Of course, GE Yinjun will not be the meat head.
"It's beautiful for him to think, and the loss is transferred to us. Kewang will lose more than 100 per shipment to overseas companies. It's better to give up the Southeast Asian market completely..." Xie Zhan snorted coldly. He despised Ge Yinjun, "I believe other disc player manufacturers will make the same choice. Who knows when the economy in Southeast Asia will recover from recession?"
Overseas companies do not want to bear the exchange rate loss, and Kewang itself can not afford such a large exchange rate loss.
Chen Jing doesn't speak and looks at Xie Jiannan.
If they completely abandon the Southeast Asian market, their previous investment in Southeast Asia will fail. Of course, the main losses will be borne by overseas companies; their several overseas companies only account for 15% of the shares. Even if the overseas companies go bankrupt, they just don't make any profits or lose, but they want to completely offend Ge Mingxin and Ge Yinjun.
At this time, it was not the time to break up. Xie Jiannan reminded Xie Zhan to pay attention to his words and said, "don't say such angry words casually. At this time, we should support each other to tide over the difficulties..." On the one hand, if everyone completely gives up the Southeast Asian market, only Aida electronics can support it in Southeast Asia, and the markets they give up will undoubtedly fall into the hands of Aida electronics. Xie Jiannan will not let Aida electronics pick up this cheap. What's more, the disc player manufacturers withdraw from Southeast Asia, and the extra production capacity will be in the domestic market Xie Jiannan did not dare to imagine the disastrous consequences of the release. It is inevitable that someone will first break the balance established by IDA electronics in the domestic disc player market. At that time, not to mention that there will be no profit in the Southeast Asian market, even the domestic profit will be greatly reduced. Kewang will also pay CCTV 200 million advertising fee this year.
He came here to discuss the sharing of exchange rate losses with GE Yinjun: it is impossible for overseas companies to bear them; it is impossible for Kewang headquarters to bear them, and the headquarters will not be able to survive before long.
If we want to talk about an appropriate proportion, even if we lose money, we should support the Southeast Asian market and survive the most difficult moment, that is, the willow is dark and the flowers are bright.
Xie Zijia said: "the guy who got off the plane in front of you predicted that the economy in Southeast Asia would spread further and last quite a long time..." However, she looked a little gloating, and Xie Jiannan couldn't care about anything with her, just as she was a kind reminder; however, Xie Jiannan took the announcement issued by Aida electronics and ye Zhenmin's articles and studied them carefully. Zijia's reminder still sounded quite harsh to him: she was probably angry that her account was frozen by her father before, and she was not interested in family affairs Industry is also deliberately indifferent.
Chen Jing pulled Zijia's sleeve to prevent her from talking nonsense. Today's situation is very stressful for everyone.
In addition to Xie Zijia's heartlessness, there are a lot of people who gloat. Ye Jianbin leaned his head against the seat with a very comfortable posture. He smiled and said, "the king of science is having a hard time!" and asked Zhang Ke, "Did you ridicule others on the plane? You used to intimidate and entice others to vigorously develop the market in Southeast Asia. Look, you really fell into your pit. Your boy will not miss the opportunity to ridicule others."
"How can you be so immoral," Zhang Ke said with a crooked mouth. "I still want to say hello to others with a smile. Unfortunately, their faces seem even worse..." After that, he laughed with Ye Jianbin and disdained to talk about Kewang. First, Lai Jichun was sent to the office of Aida electronics in central. There was the location of the original Jiaxin industry. After the implementation of additional issuance and M & A, the headquarters of Aida electronics naturally remained in Haizhou. Fu Jiajun took over Su Jindong as the president of Aida electronics, and people also went to Haizhou, which is also convenient for communication The overseas company branch of IDA Electronics was established here in Hong Kong. The product R & D centers of Yuexiu holdings and Jinhu in Hong Kong have also been moved, and the scale is much larger than before.
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