Automotive Black Technology Chapter 1485: : The decline of the Furui family (1)
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Li Fanyu's expansion is not unreasonable. His mood has indeed been particularly comfortable these days.
The sudden collapse of Tuhai Group represents more than just the disappearance of an enterprise. The chain reaction it caused was quite huge.
First of all, as the main executor of the photovoltaic plan, Tuhai’s bankruptcy and reorganization means that the photovoltaic plan that has troubled Li Fanyu for a long time has officially come to an end. A thing that was flying around in front of him like a mosquito completely disappeared.
Furthermore, without Tuhai, a partner with strong construction capabilities, the remaining two photovoltaic projects have also fallen into considerable passivity.
This may not be accurate, because even if Tuhai Group does not collapse, Panasonic is now in jail and is about to die!
Tuhai Group has invested a lot in the previous electric pile base station project and the recent photovoltaic plan. As a partner, Panasonic’s investment in these two projects is not small at all!
The previous battery base in Tongzhou cost Panasonic more than RMB 500 million. For this company that has just emerged from the crisis, RMB 5 billion is already a big loss.
Although it later developed a strategic cooperation with Toyota and shared technology in the field of electric vehicles, Panasonic's battery sector became the focus of the capital market. With this, Panasonic's stock price soared from the edge of delisting.
But Panasonic's "recovery period" is still too short after all.
In order to implement the photovoltaic plan smoothly, Panasonic has invested more than 7 billion yuan in the Chinese market to establish supporting production units related to the photovoltaic plan. There are many investments that come and go.
Such an investment is very harmful to Panasonic, which has a lot of power but little meat!
But at the beginning, Panasonic's attention was focused on the photovoltaic plan that gave the stock market a dramatic rise, and it selectively ignored some crises that might break out.
It is said that a person's character determines his destiny, but in fact, the cause and effect relationship is equally obvious in the way a company operates.
Now, the photovoltaic plan has been stranded, and Panasonic’s largest partner in China, Tuhai Group, has collapsed. Coupled with the previous continuous stock market financing, the risks have increased.
Panasonic’s consequences finally came to light after Tuhai announced its application for bankruptcy protection!
Panasonic's already declining stock price has started a rapid decline mode.
For one consecutive week, Panasonic’s stock price hit its lowest level in ten weeks. Almost every day, the stock price trend plummets in a cliff-like trend.
What does the stock price represent for a listed company?
The stock price, to put it bluntly, is a barometer of the attitude and confidence of a company's stakeholders towards the company!
Who are the stakeholders?
The shareholders, managers, and employees of the enterprise. Government, bank and corporate creditors. Suppliers, customers and lower-level customers, advertisers, trade unions, media, public interest groups such as shareholders!
This also explains why some companies go public even if they are losing money; in fact, they want to reveal a signal to the outside world and relevant stakeholders that "I am great, I am really great!"
This can bring reputation to the company and the trust of stakeholders, making them think that the company has good governance levels and development prospects.
But once the stock plummets. Even if the company is running smoothly, these stakeholders will think there is something wrong with you!
So, going public is a double-edged sword.
It allows companies that are already doing well to use the support of the capital market to obtain almost inexhaustible funds for greater investment. However, it can also make a company that has problems, or may have problems, face a worse situation.
Just like Panasonic now!
Affected by Tuhai, the stock price has been uncontrollable and has experienced an avalanche. It actually staged a continuous falling limit! This is a disaster for a stock that has performed very well over the past ten weeks!
Affected by the stock price, more troubles followed;
At Panasonic Group Headquarters, Furui Yutomo, who had already retired at home, urgently returned to Japan from Honolulu to take charge of the overall situation, dragging his body due to rheumatism.
In the conference room of Panasonic headquarters, Furui Yutomo looked at the directors and company executives in front of him as if he were mourning for his heirs, and the wrinkles on his face became denser.
He looked around for a week, taking in the expressions of everyone on both sides of the long table, and then said in a deep voice: "Tell me, how bad is the situation?"
It seemed like a starting gun. After he asked this question, bad news came one after another!
First of all, the person in charge of the marketing department: "Chairman, our suppliers around the world have sent a large number of notices in the past two days, saying... In view of our current operating conditions, we will no longer be able to Then open credit, all business settled in cash,"
Furui Yuchao nodded, "That doesn't matter. Let each company's purchasing department re-formulate the purchasing plan, reduce the single purchasing volume, and increase the purchasing frequency. Determine the purchasing quantity from the supplier based on the order."
When he did, the person in charge of the sales department stood up and bowed, and said: "Chairman, affected by the stock price, 121 customers in North America, 53 customers in Southeast Asia, and 89 customers in China... have stopped. Prepayment...will be settled in cash."
Furui Yuchao gritted his teeth,
To put it bluntly, the normal operation of an enterprise consists of three links—input, production, and output.
But now, purchase payments cannot be made on credit, and sales payments are no longer paid in advance, which will have a considerable impact on the production efficiency and capital flow of the entire group.
However, after seeing strong winds and waves, Yuto Furui, who had just experienced a major collapse of Panasonic, still remained calm.
"It doesn't matter, let's improve the efficiency of transportation and financial links. Get the payment back as soon as possible!" He said in a deep voice again.
The person in charge of the finance department spoke, "Chairman, many banks have contacted us in the past two days, asking us to repay the principal and interest of the loan in advance and stop the loan issuance that is under application..."
Before he finished speaking, the person in charge of the human resources department also stood up: "Many of our shareholding employees are leaving..."
Seeing two people speaking at the same time, the person in charge of the public relations department simply let go: "Now the media's evaluation of us has been extremely bad. We have just emerged from the crisis, and now we have fallen into an even greater crisis. People's confidence in Panasonic has been seriously lost. In addition, we received news this morning that due to the continuous decline in stock prices, the Ministry of Commerce will launch a business investigation on us..."
Hearing the chaos in his ears, Yuucho Furui felt dizzy. One or two problems, he can solve.
But now Panasonic's problems have become entangled like a mess. Furui Yutomo felt like he was being protected by a large invisible cocoon, with messy silk threads surrounding him, making him unable to move or breathe!
He forcibly calmed his mind, supported his forehead, thought for a moment, and asked: "Is it possible for the stock price to stabilize in the short term?"
A thin man stood up from beside him. After bowing, he wiped the sweat from his forehead: "Now many of our small shareholders are selling their stocks. If we want to stabilize the stock price in the short term, it may take a lot of money." Buying these stocks to prove our capital strength, but given the group’s current financial situation... is difficult!”
Furui Yuchao felt dizzy again and felt intense chest tightness, making him feel like he was about to die.
He swayed in his chair a few times until the personal doctor standing beside him brought him some water, some medicine and some medicine to take. After a while, he finally recovered.
He slammed the table.
"Where is Furui Ken! I handed over the group to him, why did things deteriorate to this extent? Why didn't we take measures to suppress the crisis when it first appeared!?"
Faced with this series of questions, everyone in the board of directors looked at each other.
After a long while, a director on the left side of Furui Ken asked tentatively: "President, have you really not heard about it?"
This person is a veteran of the Panasonic Group. Before Panasonic was listed on the market, Miuragawa and Yuto Furui were the managers of Panasonic. At that time, Panasonic was not a group, it was still called Panasonic Corporation. That's why there is such a title of "president".
Seeing his old friend hesitate and hesitate, Furui Yuchao became angry: "What do I know? What should I know? Tell me clearly, Miura!"
Miuragawa's expression suddenly changed, as if he had made a lot of determination, he put on the spectacles at hand, took out his mobile phone, opened a web page that seemed to be some kind of entertainment news, and handed it to Furui Yutomo.
The latter glanced at him suspiciously and picked up the phone.
Five seconds later, as everyone dodged but secretly glanced at him, Furui Yuchao's expression changed in a few words.
"Hiccup!"
Under the gaze of everyone, with a burst of twitching, Furui Yuomao couldn't even breathe, and fell backwards with the chair!
"Chairman!" "President!"
There was chaos in the conference room!