Rebirth 1983: Building My Business Empire
Chapter 234 - Chapter 234 Chapter 223 Making a Fortune

Chapter 234: Chapter 223: Making a Fortune Chapter 234: Chapter 223: Making a Fortune From mid-October to the end of December, over the course of two and a half months, Qirui Clothing Company took in orders worth more than 20 million and made a profit of over 13 million. The reason for such high earnings was that most of the clothes were produced in mainland factories where labor is cheap, driving costs down to the minimum.

New Year’s Day is a holiday in Hong Kong, and even tutoring teachers take a break, so there are no classes for these three days. Having received the news, Su Heyuan booked a table at Good Fortune Here and ordered dishes that Lu Jiaxin liked.

After the two of them sat down, Su Heyuan said excitedly, “Jiaxin, I really didn’t expect that we could recover half of our capital in three months. Once I complete the orders at hand, we will have earned back all of our investment.”

He knew that such a profit was due to the dividends brought by that fashion show. It was fortunate that he partnered with Lu Jiaxin, otherwise, he wouldn’t be enjoying the current glory.

Lu Jiaxin looked at him and asked, “Are you saying that you are going to distribute the money?”

Su Heyuan said with a smile, “Not all of it, just 10 million for now, and the rest will stay in the account.”

Jiaxin, owning a 60 percent stake, would get 6 million, while Su Heyuan with 38 percent would get 3.8 million, and Susan 200,000.

In Lu Jiaxin’s opinion, constantly outsourcing to processing factories wasn’t a long-term strategy. This money should be used to buy land in the mainland to build a factory and expand production capacity. However, as Su Heyuan didn’t share this view, she didn’t mention it.

Su Heyuan asked, “Jiaxin, when we distribute the money, I’m planning to buy a villa. What about you? If you’re also buying a villa, we could buy in the same area.”

Lu Jiaxin had no plans to buy a villa at the moment. A villa with a garden and a swimming pool would cost several million, and even a 20% down payment on a loan would amount to over a million. It’d be better to keep that money for investment and to make the money work for her. However, she couldn’t say it so bluntly, so she simply stated that she already had a place to live and that it didn’t make sense to buy a villa if she wasn’t going to live in it.

Su Heyuan argued, “Jiaxin, don’t think it’s not worth buying now. The real estate market is currently sluggish. Buying now means earning from it. If you buy when the market picks up, the price will be much higher.”

He hadn’t lived in the apartment he bought for two reasons. First, staying with Old Master Su kept him in good graces and secured more support. Second, living in an apartment would have made him the butt of Su Hexu’s jokes. Now that he had money, buying a villa would not only give him face but also serve as a slap to Su Hexu’s face, especially since the villa Su Hexu lived in was bought by their parents and in their name, unlike what he’d buy for himself.

Lu Jiaxin still refused, saying with a smile, “I won’t buy a villa for now. It’s too expensive. I’m planning on buying a car and will go have a look tomorrow.”

“Get a Benz, a big one. It’s comfortable to sit in.”

Lu Jiaxin had no particular obsession with cars, valuing only safety and comfort. Of course, it shouldn’t be too ugly or oddly shaped, nothing eye-sore inducing.

Su Heyuan suggested, “Jiaxin, take my word for it, buy a Benz. In Hong Kong, the wealthy drive Rolls-Royces, Ferraris, Porsches, presidential limos, Benzes. Rolls-Royces and such are too expensive, there’s no need for us to stretch that far at the moment, but getting a Benz is doable. With it, you’ll have both prestige when you drive out and others won’t look down on you.”

Jiaxin replied with a chuckle, “Big Brother Su, you go out to talk business and need a luxury car. I don’t need to discuss deals, and for me, a car is just a means to get around, there’s no need to buy something too expensive.”

Su Heyuan didn’t understand, “Jiaxin, you’re now a wealthy woman with assets over ten million, and our company will earn even more next year. You don’t need to be so frugal.”

Lu Jiaxin clarified that it wasn’t about being frugal, “Big Brother Su, this is my spending philosophy. Spend money where it’s needed, but don’t squander it senselessly.”

She would buy a villa and a luxury car eventually, but not now. She was still at the startup stage and needed to accumulate more capital. Once her company expanded, she would require substantial funds. However, one good thing about Hong Kong was that if you have a quality company, it’s easy to secure loans. Once the company started making a profit, she would get a loan from a bank and use the bank’s money to generate more money for herself, which would help her realize her goals at the fastest pace possible.

Su Heyuan couldn’t reason with her, so he gave up.

Lu Jiaxin talked to him about the appliance factory, “I heard from Brother Heming that the appliance factory made more than two million eight hundred thousand this year. Big Brother Su, you’re really amazing. It hasn’t even been two years and you’ve already made back your investment.”

Su Heyuan smiled and said, “There’s still a lot of room in the mainland appliance market. I haven’t touched the money; I’m planning to purchase more equipment and add another production line, so next year we can make even more.”

After thinking for a moment, Lu Jiaxin said, “Appliances do have a promising future, but we have to keep up with technology. For instance, the quality of the same products produced in the mainland falls far short compared to those from the island country. Now with the two nations engaging in more trade and relaxing policies to increase imports, it will bring a huge impact to mainland appliance factories.”

Su Heyuan wasn’t worried about this. He said with a smile, “There are import tariffs, so their appliances will be much more expensive. The common folk back home aren’t rich, and even if the quality is a bit lower, they will still choose products we make.”

Lu Jiaxin disagreed with his opinion and said, “Right now, people have limited income and choose lower quality domestic goods to save money because they have no choice. When everyone becomes wealthier in the future and their demands for quality increase, your company will have to close if it doesn’t improve its competitiveness.”

Su Heyuan didn’t argue, nodding as he said, “You’re absolutely right, we do need to improve our technology. Our country has fallen behind for too many years, and now much of our technology is far behind the little devils and Western countries.”

His voice became low as he spoke.

Lu Jiaxin understood that although they had a hard time in the mainland in the past years, they were still raised by that land and hoped for its prosperity deep in their hearts.

After dinner, Su Heyuan wanted to take Lu Jiaxin shopping, but she refused, “Please take me to the bookstore; I want to buy some extracurricular exercise books.”

With no other choice, Su Heyuan could only take her to buy exercise books, and when he wanted to take her for a drive afterward, she refused again. Lu Jiaxin said it was already past eight and by the time they got home it would be past nine, which was time to sleep.

Su Heyuan tried to persuade her, “You don’t need to push yourself so hard. Just reveal that you are green, and Hong Kong University Business School will admit you without the usual requirements.”

Lu Jiaxin glanced at him and said, “I don’t want any special admission. I want to get in on my own merit, only then will it be the fulfillment of a dream.”

Su Heyuan felt somewhat helpless. When had he never noticed this girl’s stubbornness before!

As soon as she got home and hadn’t even finished a glass of water, she received a phone call from Nie Zhan. Nie Zhan invited her to go hiking, “I checked the weather forecast, and tomorrow will be overcast.”

Nie Zhan had previously invited Lu Jiaxin for shopping, sea outings, and to watch horse racing, all of which she declined. He found out that Lu Jiaxin liked playing badminton, realizing she enjoyed sports, and thus he changed his approach.

Lu Jiaxin still declined, “I have things to do tomorrow morning, and the day after, I’ve promised to take Haifan to Ocean Park. I’ve already agreed and can’t change it.”

For the three-day New Year’s holiday, the first two days were forecasted to be overcast, and the third day it was supposed to rain–she wasn’t planning on going anywhere. She intended to stay home and review her lessons thoroughly.

Hearing this, Nie Zhan immediately said, “Then do you have any plans for tomorrow afternoon? If not, let’s go play badminton.”

Lu Jiaxin smiled, “Alright, we’ll play badminton tomorrow afternoon.”

Search the lightnovelworld.cc website on Google to access chapters of novels early and in the highest quality.