Becoming Rich with Daily Scavenging APP-Chapter 475: Feitian Screen

After Liu Xiaoyue went out, Chen Yiyang called Manager Xu.

Although Manager Xu’s previous shipyard was building warships, he must also know companies building private car ro-ro ships.

Manager Xu recommended a shipyard to Chen Yiyang, China Merchants Industry.

Currently, this is a pretty good shipyard in the country for building car ro-ro ships.

China Merchants Industry is a subsidiary of China Merchants Group.

The stock of the China Merchants Steam Navigation Company that Chen Yiyang picked up as a bargain was later returned to China Merchants Group.

Chen Yiyang didn’t expect to have any dealings with China Merchants Group again.

But back then, he was just a small fry.

Now his status is completely different.

So, Chen Yiyang made an appointment with people from China Merchants Industry for a meal, and after some catching up, he inquired about the price of car ro-ro ships.

"About one hundred million US dollars per ship."

The other party replied, "Previously, Biya Mansion ordered four car ro-ro ships at once, and we offered them the same price."

"Given our relationship," Chen Yiyang tapped the table with his fingers, continuing to build rapport, "it should be better than Biya Mansion’s terms, right?"

"You don’t need to say more, I know. The only original stock of our China Merchants Bureau that remains was donated by you. We remember this friendship.

But the profit margin in the shipbuilding industry is very thin now, and coupled with it being a high-risk industry, to be honest, we’re basically working for the banks."

This point Chen Yiyang was aware of.

The biggest difficulty in the shipbuilding industry is not the technology, but the cost.

Generally speaking, the ordering company will only pay about thirty percent of the payment in advance.

After receiving the payment, the shipyard has to prepare all the materials at once, and then start building gradually.

Once the ship is completed, the other party will pay another fifty to sixty percent of the amount owed.

The remaining money will be paid only after the other party receives the ship and conducts a trial operation without any issues.

This causes a problem.

The actual cost of building a ship may reach about seventy to eighty percent of the payment.

The thirty percent deposit paid in advance by the orderer is not enough to buy materials at all.

Faced with this problem, the shipyard can only take loans from the bank, and pay once they have the money.

Of course, when calculated this way, although more money is given to the bank, it’s not a big issue.

However, not every ship is accepted by the buyer after completion.

Sometimes, due to the buyer going bankrupt, or simply not wanting it anymore.

This results in a completed ship without getting paid.

General ships are fine, as they can always find a buyer.

But for special industry custom ships, there might be no takers for a while.

No one wants the ship, money isn’t recovered, but the bank’s loan needs to be repaid.

So many shipyards’ annual losses are often caused by these reasons.

Sometimes, if the buyer decides they don’t want the ship anymore, it can directly lead to the shipyard going bankrupt.

Although there are breach of contract penalties, if you sue for breach of contract across borders, even if the party has the money to pay, and the court supports you, getting the money may take so long that the shipyard has changed owners several times.

For example, in 2019, when Norway unilaterally canceled Huaxia Shipyard’s 13 billion orders, it directly led to a domestic shipyard that had converted aircraft carriers to declare bankruptcy.

People from China Merchants Industry are worried about this problem.

After all, Yiyang Automobile is a new company, and if they go bankrupt before the ship is built, it would put China Merchants Industry in a tough spot.

So Chen Yiyang thought for a moment and said, "How about this, I have no issue with the price, but can we speed up the construction?

I don’t lack money, but I’m short on ships. Regarding the deposit, I’ll pay fifty percent up front, and as soon as the ships are completed, I’ll pay the rest immediately, how about that?"

"My dear brother!" People from China Merchants Industry, hearing that Chen Yiyang would pay fifty percent as a deposit, immediately hugged Chen Yiyang, ignoring the age difference, and called him brother.

"Say no more, you are indeed part of our China Merchants Group family. I’ll prioritize your order, I guarantee you won’t receive the ships later than Biya Mansion."

"Alright, it’s settled then." Chen Yiyang clinked glasses with the other party.

After resolving the ship issue, Chen Yiyang and the others were very happy.

Both sides drank to their heart’s content before leaving.

The next morning, Chen Yiyang groggily woke up and glanced at his phone.

Today’s report, Feitian’s screen: A company focusing on the low-altitude economy continues investment in screen production. Investing in this company now allows picking up a bargain.

Contact details of relevant personnel are attached on the second page.

Feitian screen?

It seems quite interesting.

Chen Yiyang called his assistant and asked him to investigate the company.

Then he got up, shook off the alcohol, and went to the living room.

But he found that the little accountant wasn’t there.

So he ordered takeout and waited for his meal.

Half an hour later.

Chen Yiyang heard someone pressing the doorbell outside the villa.

So he walked to the door to get the takeout.

Unexpectedly, as soon as he came out, the food delivery guy rode away.

"Hey, my takeout." Chen Yiyang just shouted.

Then he heard a voice from beside him.

"Don’t call out, I have your takeout here."

Chen Yiyang turned his head and saw that it was Yang Chengru.

Then he turned and walked back into the house.

Yang Chengru, carrying the takeout, followed Chen Yiyang into the house, opened the takeout box himself, and gestured for Chen Yiyang. "Eat."

"I suddenly don’t feel like takeout anymore." Chen Yiyang looked at the luxury takeout he spent more than a hundred on and glanced at Yang Chengru. "How about you cook me a few dishes?"

"No problem." Hearing Chen Yiyang’s request, Yang Chengru rolled up his sleeves and stood up, "You’ve got ingredients in your fridge, right?"

"Forget it, forget it." Chen Yiyang waved his hand.

"I’ll eat the takeout instead."

"You’re really interesting." Yang Chengru looked puzzled at Chen Yiyang.

"You’re the one who’s interesting." Chen Yiyang opened the takeout box and said helplessly, "Coming uninvited, there must be something bad. But no matter what you plan to say, let me finish eating first."

"Alright." Yang Chengru didn’t act like an outsider, made himself a cup of tea, and sat aside.

After Chen Yiyang finished eating, he looked at him.

"Alright, alright, tell me what’s up." Chen Yiyang, satisfied, gestured for Yang Chengru to speak up.

His demeanor wasn’t intentionally putting on airs in front of Yang Chengru.

But because Yang Chengru came unannounced, directly looking for him.

And even voluntarily picked up his takeout.

There must be a matter that requires his help.

And likely a rather troublesome one.

"Do you know Longxin?" Yang Chengru looked at Chen Yiyang and asked.

"I’ve heard of it, a chip manufacturing company, seems to be doing well in the chip industry?"

"Yes." Yang Chengru said, "But recently, due to some special reasons, Longxin lost all its foreign markets, so their company’s boss reached out through connections to find me, hoping I could help them."