"It's just about allocating shares based on investment. If you're willing to invest resources, that would have to be calculated separately, and it's a bit difficult to quantify."
Qin Donghai understood what Fang Bai meant. He didn't know how much money Fang Bai had made from the orders, but it definitely wasn't a small amount.
Because Fang Bai might have been getting the normal market processing price, which meant he could earn as much as Qin Donghai did.
If Fang Bai was willing to invest his resources, it would be equivalent to revealing his network, putting his profits back into the workshop, and then redistributing them.
If the profits were split equally and Fang Bai also invested, then Fang Bai's shares would definitely exceed his own, which Qin Donghai was not happy about.
Fang Bai saw his father-in-law's troubled expression and probably understood his difficulty. He smiled slightly: "For now, let's allocate based on investment. Resources are hard to calculate; if we do, you'll be at a disadvantage. How much do you want me to invest and how much equity should I take?"
Before going to university, Fang Bai still had to hand over his network resources to his father-in-law. It wouldn't be too late to tell him about his university plans then.
Right now, his father-in-law still thought he was a young man running a business and didn't ask for too many details. Asking about these private matters was out of fear that Fang Bai would be displeased and refuse to cooperate. It was better not to ask if possible; being too curious was not good.
In this regard, Fang Bai still admired his father-in-law.
And he hadn't told his father-in-law that he was repeating a year. If he did, it would likely involve Qin Shuyu.
"Oh, you're repeating a year, and still at Oubei No. 1 Middle School? Doesn't that mean you're at the same school as my daughter?"
As soon as his father-in-law thought of this, he would likely guess a few things: "Is he cooperating with me because he wants to pursue my daughter?"
Therefore, whenever Qin Donghai asked Fang Bai about personal matters, such as where he lived or about his parents, Fang Bai would avoid the topic. Fortunately, his father-in-law didn't press for details.
Cooperation is cooperation. He was still relying on Fang Bai for orders. Fang Bai was a client, and to put it bluntly, his boss. How could he ask his boss about family matters? Qin Donghai had understood these principles over the years; it was enough to just work diligently and get paid.
"I want to buy two new pieces of equipment, estimated at over 60,000 yuan. The factory building and old equipment are worth a lot. I plan to allocate 20% of the shares. The exact amount will only be known after the assets are calculated. We'll register a new company."
"An approximate estimate is fine. Let's value the original fixed assets, including the factory building, at 65,000 yuan. If the new equipment investment is 60,000 yuan, then I'll invest 25,000 yuan for a 20% share. What do you think?"
"That works. It's pretty close. Fang Laodi, you're very straightforward!"
"The new company can use the original name. If we change the name, will customers remember it? What do you think?" Fang Bai asked.
"Good, as long as you have no objections." Qin Donghai was very happy to hear that the name wouldn't be changed.
Jiayu was his hard work, and the name was taken from his wife and daughter.
"I'll come again tomorrow afternoon and bring the money. I still have a client matter that must be done today."
"Alright, then you go ahead and be busy."
Fang Bai nodded, rode his bicycle, and left.
He bought some fruit and then went to Hua Feng's house.
He arrived just in time; Hua Feng had just returned home from work, and his wife and child were there.
Fang Bai chatted with Hua Feng for a couple of sentences, handed him a thick envelope, and then left.
"Mr. Fang, are you leaving already without sitting for a while? Our son keeps asking when Uncle will teach him English songs," Hua Feng's wife asked her husband.
"He's sensible. There's no need to stay longer once the business is done. As for the English songs, don't even think about that anymore," Hua Feng said with a chuckle.
He opened the envelope and saw that it contained money. He took it out and counted it: a total of 150 ten-yuan bills, equivalent to three months of his salary.
After one payment, the other party knew he was trustworthy and quickly gave him the rebate.
Payment on the same day, rebate returned on the same day, no overnight wait!
It was just to prevent him from overthinking.
Now, the other party was even more shrewd. They gave him the rebate for the current job, even though it hadn't been paid for yet.
Moreover, regardless of whether there was a new contract or not, they gave him the rebate for his next one.
So, what if there was no new contract?
Hua Feng could only tailor a new contract for him and continue the cooperation.
There are rules in every industry; he took the money, so he had to do the work. He understood this principle.
Fang Bai understood this point, and he understood it very deeply. He was also very shrewd and had high emotional intelligence.
Regardless of whether the matter could be accomplished, he first presented the gift and tried to build a relationship through his family.
With someone like Fang Bai, there's no need to worry too much about cooperating with him. He takes care of all your concerns, so you can receive rebates with peace of mind.
What a damn sales talent!
The quality is good, he's incredibly efficient, and he can even help boost his performance.
This isn't just a client; he's a partner!
He couldn't help but admire him.
Hua Feng was most afraid of people who only gave money but had very low emotional intelligence, as they might inadvertently cause trouble for him. Such people were not suitable for cooperation.
There was also another type: "As long as we cooperate, I'll give you so much rebate."
…
Fang Bai didn't know what Hua Feng was thinking; running a business a lot, these were just routine operations.
The next afternoon, he brought his documents and came to Jiayu Processing Factory again.
After meeting his father-in-law, they went to the industrial and commercial bureau to register a new company. The company name was "Wen City Jiayu Valve Co., Ltd.", with a registered capital of 100,000 yuan.
This was also the minimum capital requirement for establishing a company, unlike later generations where 30,000 yuan would suffice for registration.
Their current scale did not meet the requirements for establishing a joint-stock limited company, which had a minimum registered capital requirement of 500,000 RMB and required verification of paid-in capital.
From 2000 to 2005: the minimum registered capital requirement was 1,000,000 RMB.
After 2006: the minimum registered capital requirement was 5,000,000 RMB.
Specific registered capital requirements may vary depending on the region and industry, and the situation for paid-in capital verification may also differ.
This was a milestone for Jiayu Processing Factory, transitioning from an individual business license to a company business license. The procedures couldn't be completed that afternoon, and Qin Donghai would be responsible for the follow-up. If Fang Bai needed to appear, he would still do so.
With the company matters settled, Qin Donghai breathed a sigh of relief and suggested having dinner together. Fang Bai couldn't refuse.
However, this time he swore he wouldn't drink alcohol, telling his father-in-law that he should drink as little as possible after surgery.
Qin Donghai indulged him, and the two simply had a meal.
"Once the equipment arrives, quickly hire people. You don't have to worry about orders," Fang Bai said.
"Good, no problem. It's just that new equipment is hard to buy," Qin Donghai said, full of ambition and confidence.
"Take your time. Don't buy used equipment. If you're processing high-precision parts, used equipment is unstable, and it's mainly hard to find.
Moreover, we'll be making high-value-added products later, which require higher demands on equipment. Old equipment won't do." Fang Bai didn't have time to bother with used machine tools, nor was it easy to find good deals.
Time is money. Every business he planned now, he had to calculate the time cost and risk.
Currently, besides studying, Fang Bai had three main ventures: Jiayu Company, the electronics mall, and refurbished televisions.
His father-in-law was responsible for Jiayu Company; he found orders and collected payments.
His father was responsible for the construction of the electronics mall, and he hired professionals to supervise it.
His mother was responsible for the sales of refurbished televisions.
One could say this was entirely a family business.
Although there were many things, they didn't take up much of his time. Fang Bai seized every moment to read even when traveling, utilizing every minute and second. He also replenished his nutrition daily, and the glow on his face was much better than two months ago.
Qin Donghai became even more enthusiastic when he heard about high-end processing. This was a step up for the processing factory.
The profits they were currently earning from new processes and new tooling were very high, but this couldn't be guaranteed indefinitely. They had to find high-value-added products to make for the factory to develop, and Fang Bai had already considered this point.
The two simply had dinner and chatted about business topics.
That evening, Qin Donghai returned home. Seeing his wife, he couldn't keep it to himself and happily said, "Wife, it's done!"
"You're back. What's done?"
"It's the cooperation with Fang Bai. He invested 25,000 yuan and holds 20% of the shares. From now on, I can firmly tie him to my side. I'm not afraid of him going solo anymore," Qin Donghai said, beaming with pride, lying on the sofa with his legs crossed.
Chen Jiahui sat beside him, patted his thigh, and jokingly scolded, "Look at you, so smug. Aren't you afraid he'll sell you out?"
"I still believe Fang Laodi wouldn't do that. Today, I received a payment of almost 20,000 yuan. I'll gather a bit more money, plus the 25,000 yuan investment, and prepare to buy two new pieces of equipment. We're going to really expand," Qin Donghai said, full of ambition. He was truly happy to see the factory grow.
When a man expands his career, he becomes more confident.
Chen Jiahui understood her husband's feelings. She poured him tea and chatted with him about the future. Her husband's hard work in his career would ultimately be for their daughter.
But what she looked forward to most was her daughter's future marriage. Marrying far away was definitely out of the question, especially to another province.
Let alone another province, even leaving the city was not good. Daughters in Wen City rarely married outside the city.
The best son-in-law's home would be within a "bowl of soup" distance, meaning it would still be warm when brought home.