In 2012, Midea's revenue and profit both dropped sharply, and founder He Dong retreated to the second line.
To everyone's surprise, the position of chairman of the group was not handed over to his two daughters. Even though both women were business geniuses, they all had a career.
On the contrary, it was handed over to the square wave climbing all the way from the bottom.
Fang Bo has outstanding abilities, especially his management ability is better than Dong He, but Fang Bo, who has just come to the stage, has unstable foundations.
Even if Dong He retires, the shareholders, senior executives, vice presidents, and managers of Midea are all from Dong He.
There is no doubt about this.
To put it bluntly, although Fang Bo is known as the chairman, he is just the maid of He, and He has the final say in everything.
In this regard, the ambitious Fangbo naturally couldn't accept it.
What's more, Fang Bo is disgusted with the current bloated and corrupt organizational structure, and is determined to make drastic reforms and to make management younger.
Even if Director He supports this, those powerful figures such as vice presidents and managers will oppose this.
After all, the object of Fang Bo's rebellion is them and their confidants.
Fang Bo’s strategy to break the deadlock requires a strong and promising financial backer to firmly support Fang Bo!
There is no doubt that Wang Yi is the best choice.
Originally, Fang Bo was still considering how to find an opportunity to introduce strategic investment from Xingyi Technology.
After all, this is not that easy. On one hand, it is Xingyi Technology and on the other hand, it is Midea Ho.
With Fang Bo's actions like this, it is difficult for He Dong to suspect that he has a hard wing and wants to drive away the tiger and swallow the wolf, and use Wang Yi to suppress He Dong's power.
It was not until Xingyi Technology proposed that Xingyi Smart Home should focus on IOT and cooperate with all companies with an open platform. Fang Bo saw the opportunity.
So when Mr. Liu came to the door, Fang Bo responded with pleasure, and his only request was to hope that Mr. Wang would come in person and talk about investment.
If Xingyi Zhijia wants to develop, he also needs this general of Midea!
Gree focuses on air conditioning, and Midea does everything.
As long as Midea joins Xingyi Zhijia, the Xingyi Zhijia will definitely have a bright future.
Fang Bo needs Wang Yi's support and gain a foothold in Midea. And Xingyi Smart Home also needs Midea to join, develop rapidly, and become bigger and stronger.
It can be said that this is a cooperation between the two sides.
Fang Bo feels that he is lucky.
"Mr. Wang, you are polite. The cooperation between Midea and Xingyi Zhijia is in the interests of both parties. I have to thank you for giving Midea this opportunity."
If you want others, Square Bo has a low attitude.
Wang Yi smiled: "Fang Dongyan is so heavy, just a win-win situation. For Midea, I actually look at you better!"
In 2012, before Fang Bo came to power, Midea's revenue and profit were half of Gree's.
After Fang Bo came to power, he made drastic reforms, and Midea's revenue and profits became 2.5 times that of Gree!
There are not many such talents in the country.
If Fang Bo had not become the chairman of Midea and had worked in Midea for 20 years, his interests were too deeply involved, and Wang Yi would have wanted to dig Fang Bo over for his own use.
But now, after investing in Midea, she will become a major shareholder of Midea, and then Fang Bo will be half of her own.
"Thank you, Mr. Wang, for your respect." Fang Bo was in a good mood.
Nothing can be better than being valued by a high person.
That's right, in Fang Bo's eyes, Wang Yi, who frequently creates myths, is that master.
"Mr. Wang, please come here, this is our Midea R&D Center."
"This is our newly established intelligent business division, dedicated to connecting with Xingyi Smart Home!"
Fang Bo introduced one by one, Wang Yi was in a good mood.
It is also a white electricity giant with similar valuations and revenue. Haier only wants to deal with it and refuses to join Xingyi Zhijia.
However, Midea took the initiative to join, and even a new department connecting with Xingyi Zhijia was established.
No comparison, no harm.
The beauty that deserves the future is comparable to that of two Haier.
The gap in pattern determines the gap in the future.
Wang Yi was very satisfied: "The cooperation between Xingyi Zhijia, let the people below connect, let's talk about investment."
Wang Yi cannot help but express his feelings.
People respect me one foot, and I respect others one foot.
What's more, Midea has a promising future, and Square waves have a promising future. They are all high-quality stocks that will increase by more than ten times in the future and are worth investing.
"Dr. Wang is so happy!" Fang Bo was overjoyed: "To be honest, although I have become the chairman, but..."
"But most people on the board of directors listen to Mr. He." Wang Yi said with a smile.
Fang Bo was helpless: "That's right, to put it nicely, I am the chairman of Midea, to put it bluntly, I am just a professional manager and a worker of the former chairman."
"This year, Midea's revenue and profit plummeted, so I can only be ordered to solve the problem in danger. If it is solved well, I may not have much credit. If it is not handled well, it is my responsibility."
A few words revealed Fang Bo's situation.
If Midea's revenue and profits do not both decline, He will not abdicate, and Fang Bo will not be able to rise.
"But the problem is that there are many problems with beauty right now, which is very troublesome. Especially the management, who is older, conservative in philosophy, and old-fashioned in behavior, can't keep up with the Internet era and the rhythm of the 21st century!"
Fang Bo became more and more angry as he spoke: "There are also some elderly people who, even though they are not able to keep up with the development of Mei, still regard themselves as beautiful 20-year-old ministers, who think they have made outstanding contributions, but they hinder the development of Mei and my innovation everywhere."
"And these people can't move! If they can't move, my reform will not be pushed forward. It will be difficult for Midea to develop!"
Fang Bo exclaimed bitterness, but Wang Yi expected it.
Fang Bo came to power in his previous life, and reforms were hindered and he was opposed to a lot.
It was not until after 2015 that the preliminary work was completed, so that subsequent all-round reforms were successfully promoted and the full takeoff of Midea.
Wang Yi said, "Dr. Fang, can you tell me how you are going to reform Midea?"
Fang Bo nodded: "First of all, Midea Group and Midea Electric are two companies now. None of them can be listed separately and can only be merged! But after the merger, the management is too bloated."
Wang Yi agreed with this very much.
Now, Midea Group has one management team and Midea Electrical Equipment has two management teams.
After the merger, a management team is actually enough.
The extra management teams can only be dismissed.
Those management can't accept this, and no one wants to get out of class.
This is also a major reason that hinders the merger and development of Midea, and a major reason that hinders Square Wave from promoting reform.
Fang Bo sighed: "Mr. Wang, now Midea has 200,000 employees and management, which is too bloated!"
Wang Yi was silent: "..."
This ratio is 8 to 1, which is too crazy.
No wonder Midea's revenue and profits both declined.
On average, there is one management team for every eight employees, and this organizational structure is abolished.
You should know that in any organization, too much management is a burden, a burden, or even a cancer!
After all, there are very few management teams who really do things, and the rest of the management team are all fat, corpse-based, eat dry food, and even corrupt, and have unspoken rules...
Not only do not do serious things, but also cause continuous trouble, and it is a good black sheep.
It is precisely for this reason that Wang Yi’s Xingyi Technology has streamlined management from the beginning.
If you can handle it with three management teams, you must never have ten.
The group headquarters has only one chairman and one president, and there is not even one vice president of the group.
Only a subsidiary like Meiyou Technology will set up a president, Song Sining and a vice president, Chen Chuanqing. These two are veterans who follow Wang Yi and make Meiyou bigger, and they should serve as presidents.
In addition, Meiyou's senior executives are directors and department managers of various business departments.
Other business departments do not even have a president, and the highest position is director and manager.
Unless Xingyi Zhijia, Xingyi Media, and Xingyi Semiconductor, which will develop into an independent subsidiary, will a president be set up according to the specifications of the subsidiary. The top leaders of each department serve as directors and then managers.
As a result, there are very few presidents of the entire Xingyi Technology Group and branches, and they are all direct directors of various departments, with clear responsibilities and simple and efficient structure.
At present, the total number of employees of the entire Xingyi Group, plus subsidiaries such as Meiyou Technology, Gaode, Sogou, Ele.me, and Noon Sunshine, exceeds 20,000, but the management level is only about 1,000, accounting for 5%.
On Midea, management accounts for 12.5%.
Wang Yi sighed: "The salary of management is much higher than that of ordinary employees. Raising 25,000 management is indeed a big burden for Midea! If this burden is not removed, Midea will not be able to increase its revenue and profits."
"Mr. Wang, you understand me so much!" Fang Bo was very excited: "I have mentioned the idea of ​​large-scale layoffs, but unfortunately the entire company does not have much shareholder support."
Wang Yi smiled: "Nonsense, it would be strange if you cut off their royal relatives and they could support them!"
Who doesn’t arrange for some confidants to become the major shareholder of Midea to serve as management?
These people were cut off, so naturally they would not agree.
"Yes." Fang Bo sighed: "The current Midea is a cruise ship full of waste. If it is not streamlined, it will sooner or later become heavy. I hope Mr. Wang can invest in Midea and support me."
Wang Yi nodded: "No problem, but it is not enough to simplify the military and government. Midea's production line also needs to be adjusted. I looked at the information. There are more than 2,000 models of Little Swan washing machines under your Midea?"
"Yes, that's true." Fang Bo sighed.
Wang Yi was speechless: "..."
Xingyi Technology will only launch one to three models in the next year, even if it is many years later, at most a dozen models will be enough.
And Midea, a little swan has more than 2,000 models, it’s crazy, it’s crazy.
Fang Bo hurriedly said: "Dr. Wang, if someone supports me, I will cut 2,000 models to 500!"
"Okay, your idea is right, I can invest." Wang Yi nodded with satisfaction.
After some communication, Wang Yi learned about Fang Bo’s thoughts.
Whether it is laying down management, laying off employees, or cutting product lines, it is all right.
The era of shoddy manufacturing has passed, and the future of beautiful is the streamlining of military and refined development.
"Thank you, Mr. Wang!" Fang Bo was in a good mood.
The two parties immediately convened a board meeting to conduct further negotiations.
In the end, the two sides agreed that Midea Group and Midea Electric merged into the new Midea Group.
After the merger, the current valuation is 35 billion, Wang Yi invested 7 billion, Midea's valuation reaches 42 billion, and Wang Yi holds 16.67% of the shares, becoming Midea's second largest shareholder, second only to its founder, Dong He.
As for Fang Bo, the new chairman, he holds 1.7% of the shares and is one of the small shareholders.
Of course, Wang Yi's 7 billion investment includes 5 billion in cash and a five-year 2 billion advertising service.
Similarly, these 2 billion advertising services include Changda, Meiyou APP, Xingyi Video and other platforms, with a total of five years of advertising services.
The specific settlement will be based on the market price and the quota of 2 billion will be used up.
Neither Mr. He, Fang Bo, nor other shareholders had any objections to this.
If Midea wants to go public, it needs 7 billion yuan, and it needs the support of Xingyi Technology.
With the development of Changda and Xingyi Video, there will be more and more users in the future and the advertising will become more and more expensive. It is undoubtedly smart to obtain advertising services for the next five years at a low price in advance.
Everyone was happy with this transaction.
There is no way, Midea has to advertise crazily.
At present, many brands have begun to advertise on Xingyi Video and Meiyou APP.
Especially the Meiyou APP, which has many users and is a female user who loves consumption. It has always been favored by major brands and its advertising quotations are getting higher and higher.
And for Wang Yi, such cooperation is also excellent.
An investment of 7 billion is equivalent to only spending 5 billion in cash, and the remaining 2 billion can be used for other turnovers.
After the investment was completed, Midea and Xingyi Smart Home began a comprehensive connection.
Strategic ally + the second largest shareholder has enabled Midea Xingyi to advance its intelligence rapidly.
All models have been launched on Xingyi Smart Home IOT modules and have become products that support Xingyi Smart Home.
In addition, all the outer packaging is also equipped with the logo of Xingyi Zhijia!
In the future, all products that support Xingyi Zhijia will be printed with Xingyi Zhijia's logo, which is what Wang Yi unified the request.
At this progress, Midea products that support Xingyi Zhijia will be launched in July.
However, Wang Yi ignored these things and returned to the long-lost school and started the final sprint.
Exam month is coming again.
In the following days, Wang Yi went to school classes during the day and Lin Shu's classes at night.
Life is fulfilling and moist.
Since the great harmony before, class has become a daily routine.
At first, Lin Shu was a little shy, but gradually he seemed to be a little deeply involved.
After all, he is the boy he loves and is so handsome, and it is hard to avoid the vulgarity of a goddess like Lin Shu.
Wang Yi is concentrating on class, preparing for exams, and exams, but Xingyi Technology is developing rapidly without any pause.
On the 12th, the first factory of Xingyi tablet factory in Jeju was delivered with an annual production capacity of 10 million units, and the mass production of Xingyi tablet X1pro was officially started.
On the 15th, the first phase of the Xingyi mobile phone super factory in Jeju was delivered, with an annual production capacity of 20 million units, and mass production of Xphone 1pro began.
The two factories started construction as early as last year and were delivered one after another after more than half a year of rushing construction.
Wang Yi was in a good mood about this.
Xingyi tablets are on sale worldwide, and there has always been a shortage of supply. Now it has more than 800,000 yuan in production capacity every month, which can alleviate some of it.
Since Xingyi Mobile has cooperated with the three major operators, it has been in short supply.
Coupled with the appearance of Xiaoda, Xingyi's mobile phones have been in full swing, and sales have been rising steadily.
Even the Xphone 1pro, which started at 4999, is often sold out.
Now, with a new factory, there is more than 1.6 million in production capacity every month, completely solving the capacity crisis.
In addition, the Didu Mobile Phone Factory has an annual production capacity of 30 million, with an annual production capacity of 50 million and a monthly production capacity of 4.1 million+.
In the past two months, the Xphone 1pro will be produced. By August, we will have to start producing Xingyi Second Generation.
Now the research and development of Xingyi Second Generation is also progressing smoothly, and all the prototypes are made and can be released at any time.
But the Xphone 1 and Xphone 1pro are both selling hot, enough to crush the iPhone 4s, and Wang Yi is not in a hurry to release the second generation.
The Xphone 1, which has been on the market for half a year, has sold more than 12 million worldwide in May.
The Xphone 1pro, which has just been on the market for more than two months, sold more than 10 million in May.
Break all records!
There is no way, the three major communications providers and more than 40,000 business halls are selling contract machines and bare metals for Xingyi mobile phones.
In addition to BYD's crazy increase in production capacity and overseas dealers are crazy about purchasing goods, it is difficult for the sales of Xphone 1 and Xphone 1pro to break records.
And June will only be even more terrifying!
This momentum is so strong that the second generation of Xingyi has to delay the release.
However, Apple is in trouble.
Originally, more than 40,000 business halls first launched iPhone 4s contract phones, and the monthly sales of iPhone 4s in Xiaguo still have six or seven million units.
But now, more than 40,000 business halls have first recommended Xphone 1 and Xphone 1pro. iPhone 4s has been neglected by shopping guides and consumers, and iPhone 4s' sales in Xiaguo have also collapsed.
Not to mention six or seven million a month, it is difficult to have three million a month, so I will just cut it in half.
There is no way, the 2999 Xphone 1 is better than the 4000 iPhone 4s, and they all overwhelm the iPhone 4s.
What's more, the world's first quad-core mobile phone, Xphone 1pro, is two generations ahead of the iPhone 4s.
When the iPhone of a generation of magical machine is beaten twice in a row, it will completely fall from the altar.
Once the style of the magic machine is gone, the iPhone 4s will not be sought after.
Volkswagen has always been a high-profile player.
What's more, Xingyi's mobile phone has a small delivery service, excellent service and full of quality, and with the endorsement of Li Zi, the iPhone 4s has no competitiveness at all, and can only sell in half.
As the market performance plummeted in Xiaguo, Apple's stock price also fell continuously.
Wang Yi will not pay attention to this.
On June 21, in his spare time in his exam, Wang Yi came to Xingyi TV department.
At this time, Tu Hongyun, director of Xingyi TV department, was sitting on the ground, holding a remote control and controlling the TV.
In front of him was a Xingyi TV X40 and a Xingyi TV X50.
After more than half a year of research and development, both TV prototypes have been made.
Now the entire TV R&D department has no other tasks. Everyone watches Xingyi TV every day and conducts various tests. Once there is any problem, they will immediately solve and optimize.
Wang Yi stood behind and looked for a while, very satisfied: "It's done well."
"Chairman, when did you come?" Tu Hongyun was startled, then stood up and said with a smile: "Chairman, I have been on this TV for a week. There is no problem at the moment, except that there is a little fever behind it. But it is all normal."
"It's been on for a week!" Wang Yi nodded with satisfaction: "That's good. In this way, you can't test it alone. Change the screens of our Xingyi Science and Technology Park to Xingyi TV and test them together."
"Chairman, that...I changed everything last week, Secretary Jian approved it."
Wang Yi was busy taking the exam and hadn't come to Xingyi Science and Technology Park for a week and hadn't paid attention to this matter yet.
In addition, these are some very reasonable small proposals, Jian Ziyan was too lazy to bother Wang Yi, so she directly approved it.
"Very good, well done. Can it be mass-produced?"
Wang Yi nodded with relief. His subordinates had ideas and could do things, so he didn't have to worry about it. This was great.
For example, LeTV, the chairman has run away, but the employees are doing well. How good.
Tu Hongyun nodded: "It has been tested for two months now. In May, there were still some small system-level bugs, and they were all solved. By June, there were no problems and they could be mass-produced. But should we find Hisense or contact BYD for mass production?"
"Xingyi TV is released next month, and it is indeed mass-produced now. As for the OEM factory..." Wang Yi thought for a while:
"I don't choose it. The Xingyi TV factory in Island City has been delivered in the past two days. In this way, I will take the team to the Island City immediately, take over the factory, and arrange mass production."
This is also one of the reasons why Wang Yi came to Xingyi TV R&D headquarters. In the morning, I received a call from Director Nie that the first phase of Xingyi TV Industrial Park was about to be delivered.
The entire TV industrial park has 500 mu, of which the first phase is 200 mu of factory, with an annual production capacity of 10 million.
There is also a 300-acre vacant land, which is used as the second phase, with an annual production capacity of at least 15 million.
Of course, the delivery of the second phase project is much slower, and it is expected to be in November.
However, the annual production capacity of tens of millions of yuan in one phase is temporarily enough.
At present, the annual sales of domestic TVs are only about 50 million, most of which are traditional TVs, and smart TVs are less than 20 million.
If it is sold globally, it will definitely not be enough, but it is not a big problem.
The second phase of the factory can be acquired directly for several months, as well as the TV factory on BYD.
As for Hisense, Wang Yi gave up asking him to manufacture.
Through the Haier incident, Wang Yi changed many views. Not seeking OEM with peers is the future principle.
After all, Hisense is also a TV giant. If it were OEM, Xingyi TV would sell better. Will Hisense feel better?
It's hard to guarantee that there will be no problems.
On the contrary, it is better to produce it yourself. After all, Xingyi TV redefines smart TV and subverts the TV industry.
If it is directly handed over to Hisense for OEM, then Hisense will learn it directly, which is not a good thing.
As for Xingyi TV after it is launched, it can also be learned by friendly companies, so it will be at least a few months in the evening.
And in the past few months, many things can be changed and many situations will be determined!
"Okay, Chairman, I'll go to Island City now!"
Tu Hongyun hurriedly said, and then thought of the key question: "That... Chairman, are we still not sure about the components?"
Wang Yi smiled: "You were busy developing Xingyi TV before, so I handed over the components to the mobile phone department. In addition, many components are common to Xingyi mobile phones, so I placed an order with the mobile phone. Now I have arrived at the warehouse of the Island City factory."
"Nvidia's quad-core processor Tegra 3 has arrived?" Tu Hongyun was overjoyed, afraid that production would be started in a hurry, so she didn't have time to set up components, which would delay the problem.
Wang Yi waved his hand: "Don't worry, you are the technical director of Xingyi TV. You can only be responsible for technical research and development in the future. I will arrange for Xu Mingyi to be the CEO of the TV department and be responsible for various matters."
"Okay, Chairman, so I can do my best to do research and development." Tu Hongyun was in a good mood.
Tu Hongyun is a technical expert specially poached by Jian Ziyan from a foreign company, so there is no problem in doing R&D.
But letting him do research and development and become CEO will not work, as people's energy is limited.
Wang Yi made up his mind that in the future, all business departments will adopt the CEO and CTO model.
The technical director only focuses on technology and R&D.
The CEO decides how to operate, market, and develop other things!
Chapter completed!