Chapter 1218 Wanbao's Call for Help!

October 1, 1988.

Yang Ming woke up after a nap and it was already the National Day of 1988.

Yang Ming got up early in the morning and finished breakfast early.

Mr. Shen had come to pick Yang Ming up to attend the National Day ceremony.

The National Day ceremony was no different from the National Day of previous years.

When Yang Ming finished attending the state banquet, he exchanged a few words with Mr. Jiang at the state banquet.

When Yang Ming left here and returned to the courtyard.

Taxin was already waiting for him.

Today, Taxin also attended the National Day ceremony and the state banquet, and was also very excited.

However, what he hoped most was that Yang Ming would take him to see the real boss.

At around nine o'clock that night.

Yang Ming and Taxin came to Mr. Jiang's residence.

When Mr. Jiang saw Mr. Yang bringing this patriotic Chinese Taxin, he actually saw at a glance that Taxin was not a simple person.

"Mr. Jiang, this is Thasin, whose Chinese surname is Qiu. He is a Hakka who immigrated from Meicheng, Guangdong Province to northern Siam."

"Hello, Mr. Jiang." Thasin excitedly shook Mr. Jiang's hand.

At this time, Mr. Jiang's identity is not simple, but next year, he will officially take over the position of the old man. At that time, Mr. Jiang's identity will be even more complicated.

Mr. Jiang shook hands with Thasin.

Yang Ming talked to Mr. Jiang for a few words and did not stay any longer.

After leaving here, he returned to the courtyard.

. . .

In the next few days.

Yang Ming met with the old man.

Yang Ming talked to the old man about many things, including domestic and even foreign things, which played a very important role for the old man.

October 5, 1988.

Yang Ming and his party quietly left Yanjing.

However, the old man still sent Mr. Shen, Mr. Jiang and others to the airport to see him off in person.

Yang Ming took a private plane back to Hong Kong Kai Tak International Airport.

After getting off the plane, Yang Ming took a car back to the Repulse Bay Mid-Levels Villa.

On October 15, 1988.

Saturday.

Today Yang Ming did not go back to the Empire Group Building to work. When he was at home with his parents, someone came from Yangcheng.

Deng Shaoshen.

Maybe many people don’t know who this person is.

However, this person is definitely a figure of the times.

At this time, he was the founder of Wanbao Company, the largest electronic and electrical appliance company in China.

In 1983, Deng contracted the Yangcheng Second Light Machinery Repair Factory, which was a loss-making small factory with only 100 people at that time. He introduced the first refrigerator production line in China from Toyo Panasonic and began to produce Wanbao brand refrigerators.

Due to the earliest start, Deng Shaoshen’s factory rose rapidly. Wanbao refrigerators once reached a market share of 40% of refrigerators in the country and became the largest home appliance manufacturing company in the country.

By 1988, Wanbao refrigerators had a production capacity of more than 1 million units, with an annual total output value of more than 1 billion yuan, ranking first among the top 100 domestic electronic and electrical appliances, and 41st in the comprehensive strength ranking of all enterprises in the country.

At this time, Zhang Ruimin’s Haier had only reached a scale of 200,000 units.

Wanbao belongs to the Yangcheng Second Light Industry System in terms of property rights and is a collectively owned enterprise. In the hierarchy of the administrative system, Deng Shaoshen is a small "deputy division-level cadre".

After rapid growth, Deng Shaoshen hopes to transform the enterprise in terms of capital. So, with his running around, in early 1988, it was listed as one of the main pilot groups for the national enterprise shareholding reform, and relevant departments began to directly participate in Wanbao's development strategy and property rights reform.

Contradictions quietly sprouted in this transformation.

When Wanbao Refrigerator was in a good situation, the Yangcheng Second Light Industry System first pushed a lot of "rotten apples" to Deng Shaoshen.

Wanbao established a group and successively swallowed 24 loss-making small and medium-sized factories. These long-term unsuccessful enterprises consumed Wanbao's profits and Deng Shaoshen's energy every day.

At the same time, the internal struggle of the enterprise became increasingly fierce. The person in charge assigned by the superiors was at odds with Deng Shaoshen. The two held different views on the development strategy of the enterprise. The former unconditionally obeyed the command of the competent department, while Deng had his own chess game.

Historically, he later admitted that many of Wanbao's plans and specific business decisions at that time came directly from above, which gave Yangcheng the feeling that Deng Shaoshen had become too powerful to be removed.

The tail is larger than the body, and there will always be a day when it will fall.

On the surface, Wanbao's tragedy was caused by the imbalance between production and sales. Since June, domestic inflation has accelerated. Like all other places in the country, there has been a rush to buy in Guangdong Province. The fleet waiting for refrigerators at the gate of Wanbao Factory has been lined up from the production workshop to the road far outside the factory gate.

The superior department found Deng Shaoshen and ordered him to take out 30,000 refrigerators as soon as possible to put them in the Yangcheng market to stabilize the rising prices of home appliances. On the one hand, Deng Shaoshen ordered the workshop to work in three shifts and work overtime day and night, and at the same time urgently transferred refrigerators from other places to relieve the urgent need of Guangzhou.

Unexpectedly, at the beginning of the next year, because of the failure of price breakthrough, the upper level began to implement macroeconomic regulation, and home appliances suddenly fell into unsalable.

Deng Shaoshen urgently reported to his superiors that the warehouse was full and the working capital was seriously overstocked. Wanbao needed to stop production, overhaul equipment and digest inventory.

The upper level severely criticized him for "influencing the leadership's decision-making" and asked Wanbao to continue production "just in case".

In this way, hundreds of millions of yuan of funds were overstocked and the cash chain was quickly broken.

In fact, at this time, there were serious problems within the Wanbao Group. Deng Shaoshen was also aware of the relationship between Sir Yang and Guangdong Province and Guangzhou, so he had to ask Sir Yang for help.

When Yang Ming saw Deng Shaoshen for the first time, he knew that he was a businessman.

There are many people like him in history.

However, many of them ended up miserable, and only people like Liu Chuanzhi survived.

No surprise.

Next year, Deng Shaoshen had to give up Wanbao Company and run to Canada with his family.

Without Deng Shaoshen, Wanbao was even more chaotic, and Yangcheng missed a company that had already developed very well.

Historically, Deng Shaoshen was also powerless.

On the one hand, he could no longer manage Wanbao.

On the other hand, the pressure from above and local Yangcheng made him give up helplessly.

But now he got someone to guide him.

He immediately ran from Yangcheng to see Sir Yang.

"Sir Yang."

When Yang Ming went to Yangcheng, Deng Shaoshen had met Yang Ming.

But Yang Ming did not know him.

"Who are you?"

Deng Shaoshen habitually took out his business card and handed it to Yang Ming.

Yang Ming took it and looked at it. It said "Chairman of Wanbao Electric Company".

Below it was Deng Shaoshen's name and a phone number.

"Sir Yang, please save me and my company."

"Tell me slowly."

Yang Ming went up to the study with him.

When Deng Shaoshen talked about the current situation of Wanbao Electric Company.

Yang Ming already understood.

Historically, Deng Shaoshen and his company were not the first person or company to encounter such a situation, nor were they the last.

However, in history, Deng Shaoshen should be the first industrialist to be sacrificed.

"I know the current situation inside Wanbao very well. Although there is no chaos yet, it is almost the same, and I can no longer control many things."