Chapter 106 What's it like to get rich suddenly?
come back to the office
Chen Yi was flattered in his heart, not because Wu Qian was embarrassed and played tricks on her, but because the cooperation with Bandai this time, the first order amount exceeded six million.
If the other party is a big company, there is no hesitation in taking out these millions, and this is just the beginning, used to test the water.
Bandai seems to be very confident in the Rubik's Cube toys, and is not afraid of being in vain at all, but compared to the island country's market, a million Rubik's Cubes is really not much.
According to Chen Yi's ex-factory price, the ex-factory price of ordinary Rubik's Cube is 3.5 yuan, which is more than double that of Xiangjiang's. The Rubik's Cube without stickers costs 6 Yuan each. At the same time, Bandai also bought back the Rubik's Cube recovery formula.
The total amount of the first order is 6.75 million Hong Kong dollars, which is more than 1.3 million in US dollars.
Regarding this, Chen Yi thought that he was very conscientious, and he definitely paid for it. Based on the current consumption level of the island country, Bandai will increase the price of Rubik's Cube toys by two or three times, and there will be no problem at all.
As a duty-free port, Xiangjiang does not have any miscellaneous taxes. It is not too sour to start a company here.
Now the exchange rate between Hong Kong dollars and U.S. dollars is 1:5.085.
The Hong Kong dollar was originally pegged to the British pound, but after World War II, the economic strength of the United Kingdom continued to weaken, and the British pound once depreciated sharply, which in turn affected the economic development of Hong Kong.
Therefore, in June last year, the Hong Kong Governor’s Office decided to change the Hong Kong dollar to be pegged to the U.S. dollar, while the British pound adopted a free-floating model to avoid Hong Kong’s economy being affected by the United Kingdom.
With the decoupling of the pound, the exchange rate between the Hong Kong dollar and the U.S. dollar has changed from 1:5.65 at the beginning to 1:5.085 this year, and the Hong Kong dollar has appreciated by 0.565.
Regardless of the change of just a few cents, for Hong Kong, which is in line with international standards, the change of a few cents is very different, and the Hong Kong dollar has appreciated by nearly 10%.
10% appreciation, too little money, may not be able to intuitively feel, let's change the way, let everyone experience it.
For example, if you have ten dollars, due to currency appreciation, the value has appreciated by 10% in a few months, and then it becomes eleven dollars.
One dollar more, I don’t feel much.
But if ten yuan is exchanged for one billion yuan, the currency appreciates by 10%, one billion becomes 1.1 billion, and an extra 100 million is created out of thin air. Does it feel like a pie in the sky?
Instead of being a person worth tens of billions, if you don’t do anything for a few months and lie at home, you will have an extra billion for nothing. Just ask if you are happy, and if you are happy?
For the same reason, things are reversed.
Currency depreciation, ten yuan, depreciation by 10%, then there are only nine yuan left.
One piece less is no difference to ordinary people, and no one has the spare time to worry about that one dollar.
But for the rich, the loss of a dollar for ordinary people is 100 million, 1 billion, or even more compared to their wealth.
Why do people say that the richer they are, the more troubles they have.
When there is a lot of money, what everyone thinks is not wealth growth, but how to keep their wealth from depreciating too quickly.
The importance of currency to a country and a region, needless to say, the future bubble crisis of island countries is caused by the loss of currency control.
Currency rises and falls in an orderly manner, which works best for the market. Blindly rising and falling will break the economic development of a country and region.
Regarding the exchange rate between the U.S. dollar and the Hong Kong dollar, Chen Yi only knows that next year as the oil crisis spreads around the world, the Hong Kong dollar pegged to the U.S. dollar will become free floating again.
That is to say, when the Hong Kong dollar is not really pegged to the U.S. dollar, it is best not to keep too much cash in your hand, because you don’t know that your money will suddenly shrink on that day.
As for whether the Hong Kong dollar will rise or fall in the future, Chen Yi is not very clear about the specific detailed data, and none of the later generations of Hong Kong writers are so bored as to write the annual currency exchange rate into the novel.
So, Chen Yi's idea is very simple, that is to spend the money.
The oil crisis is still a few months away. What he needs to do now is not to put the money in the bank and put it in the stock market until the oil crisis comes.
Money in the bank will only get less and less, not more and more.
He wants to use the money in hand to expand the company and increase the value of its companies.
In Xiangjiang, there are not many other things, but there are so many banks. As long as you have something valuable, it is very easy to get a loan.
Think about it, when he took over the Dafeng Toy Factory before, how much money did Hang Seng Bank agree to lend him?
Following the launch of the Rubik's Cube toy, the loan of 3 million yuan was obtained in a blink of an eye.
Next, when Rubik's Cube toys are sold in the island country, Bandai's second and third orders come in, and there will be no problem borrowing 10 to 20 million at that time.
Money cannot be kept in hands, it must be spent.
When Bandai's payment arrives, Chen Yi will further expand Dafeng Toys Factory and speed up the reserve of Rubik's Cube toys.
One island country market is not enough, and then there are European and American markets. According to the sales volume of Rubik's Cube toys in the previous life, the annual sales are at least tens of millions.
He needs to make full use of the next few months to expand the scale of Dafeng Toy Factory as much as possible, and at the same time sell Rubik's Cube toys all over the world to increase the valuation of Dafeng Toy Factory.
For a company, investors look at its potential and revenue and profit indicators. A company with high potential and high revenue and profit will have a high valuation.
The valuation, although not the actual value of the company, can allow a company to make reasonable loans to banks.
Of course, market value is more convincing than valuation.
However, given the current situation of the Xiangjiang stock market, Chen Yi would only choose this time to list the company unless he was amused.
It’s on the market at this time, one enters and one dies.
If it had been a year earlier, he might have made up his mind to harvest a wave of leeks.
However, unfortunately, the best time to harvest leeks has passed.
Entering the market at this time is not harvesting leeks, but being cut off by others as leeks.
Dafeng Toys Factory has already made plans, but I don’t know how Miss Li’s side is. If he can buy a large-scale clothing factory, then he can use the next few months to double the value of the clothing factory. Several times.
In this way, when the oil crisis hits, he will have more funds to borrow.
Many people in later generations fantasized about getting rich overnight. In Chen Yi's previous life, because he was a rich second generation and had a house in his family, he never had the idea of getting rich.
Now, he really wants to try what it feels like to get rich overnight in the legend.
I don’t know if I will be so excited that I will have a heart attack, myocardial infarction and blockage...
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(end of this chapter)