Chapter 549 Hedging Business Risks
"We have just started to contact each other. In January next year, Whirlpool will send people to Hong Kong. They will conduct a systematic inspection of Hong Kong before deciding whether to invest in Hong Kong." Wang Zhiqun replied: "Such large American companies are often very efficient. Very low.”
Yang Wendong nodded and said: "Then let's follow the process. The American white goods industry has not had as big an impact on its Japanese counterparts as color TV. It is normal to not be anxious, unlike RCA."
A major factor affecting international competition is transportation. Today, Japanese products exported to the United States are mainly produced in Japan and then shipped by sea. In this way, the transportation cost of color TVs with small size and high unit value is naturally more cost-effective;
Even Samsung in its previous life started by exporting black and white TVs in its early days;
However, now that containers are becoming more and more popular and the transportation costs of white goods are gradually decreasing, the good days of American home appliance companies are definitely coming.
Wang Zhiqun continued: "I am also negotiating with York and General Electric in the United States. We will not put all our eggs in one basket. It would be better if they all come to Hong Kong to invest."
"How did you get in touch with these big companies? They all relied on Honor Motors?" Yang Wendong asked again.
Wang Zhiqun said: "It's not all about the motor, there are some other parts, but the motor does take the main credit. The labor cost in the United States is expensive, and the winding of the motor and the correction after winding are very labor-intensive;
< br>
Our fans have been selling well in the United States in the early years, so it is easy to contact many major appliance companies in the United States through motors. They also have their own fan business, and they also have products in refrigerators, air conditioners and even some kitchen appliances. Lots of motors. ”
"What was the quantity and value of motor exports last year?" Yang Wendong asked.
Wang Zhiqun replied: "A total of 13 million motors were exported, with a total value of more than 28 million Hong Kong dollars. Some were large and some were small. The small ones were worth a few cents, and the larger ones were worth dozens of yuan."
Yang Wendong smiled and said: "Then this industry is developing pretty well. Is this factory near here?"
"Yes, it's nearby." Wang Zhiqun said.
"Okay, you go and have a look too." Yang Wendong said.
RCA's joint venture factory is mainly in charge of the US side. Just come and take a look for yourself, just do the accounting, environmental inspections, etc. The US side doesn't even tell the Hong Kong side the core data, so Yang Wendong naturally won't force it.
Relatively speaking, it will be easier to lay out your own home appliance industry in white home appliances.
The group soon came to another factory not far away. A large number of people were producing motors of different sizes. There were dozens of production lines. A large amount of copper wire was wound into the stator and rotor of the motor through semi-automatic equipment.
"We will consume a lot of copper this year, right?" Yang Wendong asked: "I remember there is a wire factory?"
Wang Zhiqun replied: "Yes, the wire factory actually consumes more copper than here, especially some thicker cables. In addition, we also do well in the drag strip business and export a lot;
Nowadays, I import copper ingots directly from South America and the United States, which costs thousands of tons a year. However, copper products are also recycled and resmelted in Hong Kong, which can save a lot of money. “Copper is indeed easier to recycle. Yang Wendong nodded and asked, "Is there a copper export in the mainland?" I remember there should be a lot of copper mines in the mainland, right? ”
Wang Zhiqun said: "There should be many copper mines in China, but it is also short of copper, so there is basically no export. A few years ago, some copper from the mainland occasionally flowed into the Hong Kong market, but it has disappeared in recent years;
Hong Kong's current copper is mainly imported from overseas. The electronics industry has developed rapidly in recent years, and the demand for copper is also high. ”
"In this way, in the past few years, I have spent more money to buy copper ingots and hoard copper ingots." Yang Wendong thought for a while and said: "According to the current economic development speed in Asia, the price of copper may become higher and higher in the future."
The development of Asia is one aspect, but the main reason is the upcoming oil crisis, which has caused heavy metal prices to skyrocket, and copper is one of them;
If you don’t have a copper industry, you won’t be hoarding copper specifically, but now that you have it, you naturally need to make preparations in advance;
Not only can you make a fortune through the price difference, but as long as you have enough copper, you can also get more customers in times of crisis. This is a longer-term business.
"Hoarding copper?" Wang Zhiqun thought for a while and asked: "Yang Sheng, how about we invest in copper mines? It's not that we open mines ourselves, but we buy the stocks of these companies. If the price of copper really rises sharply, we will also It is impossible to hoard the amount that will be needed in the future. It is more cost-effective to buy stocks of such companies.”
Yang Wendong agreed and said: "It makes sense. Then you should first investigate which professional copper mining companies around the world can invest appropriately. You don't need to consider how many shares you have. Just use it as a hedge for our future operations."
Doing business often requires hedging, such as steel mills. If you have money, you have to buy shares in some mines or iron ore companies. Otherwise, one day the price of iron ore rises sharply, the steel mills will suffer heavy losses and buy some ore companies. shares, then at least this share can benefit;
This is also the reason why new energy vehicle companies concentrated their investment in lithium mines in the past.
In the face of some industries where time travelers cannot provide much resource help, we can only follow normal business processes. If the demand for copper is large and we know that copper prices will skyrocket in the future, we should implement risk hedging operations. , to avoid heavy losses due to skyrocketing commodity prices.
"Okay, but wouldn't it be more reasonable to let Changxing Financial handle this aspect?" Wang Zhiqun said.
Honor Electronics' main business is still industrial. If it involves mining, they can barely participate, but if they buy stocks, it is not something they should touch.
Please...you...Collect_6Ⅰ9ⅠBookⅠ(Six\\\Nine\\\Book\\\!)
Yang Wendong nodded and said: "Okay, Fang Xianming and I are about to go to the United States, and we will also check out the situation of American copper mines."
In the 1960s and 1970s, the United States still had a large number of industries. If there was industry, the cost of ocean transportation was high. There were also many mining companies in the United States, ranging from basically oil, coal, natural gas and other energy sources; to iron and steel , copper, gold, silver, aluminum, etc., and even rare earths, the United States has this type of mining industry;
With the advancement of globalization, these companies have gradually become less successful;
Of course, this is not working because decades later, it was still very popular during the last two oil crises. The oil crisis even indirectly slowed down this type of manufacturing industry in the United States, except for cars that consume very high fuel consumption.
PS: Please give me a monthly ticket
(End of chapter)