Chapter 375 - 227: The Group’s Development Prospects

Chapter 375: Chapter 227: The Group’s Development Prospects

Peng Yu had to go all the way to Beijing for the Wansheng Group annual meeting.

He was probably the worst-off regional head in the entire group.

In the past, he had always been the one being commended—the star regional representative!

He had started from scratch and built the Hanjiang Province region into the undisputed leader. Back then, Peng Yu was the star of the show, raking in so many awards he could barely hold them all.

This year was different. He sat in the audience as if on pins and needles. The other division heads in the neighboring seats rarely spoke to him, as if afraid of catching his bad luck.

In less than three months, a region’s number-one business management company had been crippled by a newcomer to the industry, a company that had never even touched commercial real estate before.

In a way, Peng Yu had set a new precedent in the industry.

Of course, everyone understood it wasn’t entirely his fault. It was all because Boss Wang had sold off company assets. But who could pin the blame on the boss?

Besides, even with so many assets sold, he shouldn’t have been beaten so badly that he couldn’t even fight back.

Division Head Lu Tao walked over, and Peng Yu quickly stood up.

In the past, he wouldn’t have paid Lu Tao much mind, because Lu Tao was CEO Wang Jun’s man.

Besides, his own performance had been excellent. With good results came a louder voice; what he said carried weight.

But not anymore. Now, with scale and profits projected to plummet, failing to keep a low profile was just asking for trouble.

If a superior wanted to find fault with you, it could happen in an instant.

"Peng, find me later and give me a private briefing on the situation with Junxiao Business Management. I’ll also be making time to go to Hanjiang in the near future to inspect all the stores. While I’m there, I’ll look into Junxiao Business Management and develop an appropriate strategy."

After Wang Jun laid out the "encircle, pursue, and intercept" plan against Junxiao Business Management, Lu Tao, as the Division Head, was the one in charge of execution and overall decision-making.

To deal with a fledgling company like Junxiao Business Management, President Wang felt that one Division Head was more than enough, especially with the support of the parent group.

As for Peng Yu, the facts had already proven he was useless. There was no need for another demonstration.

President Wang was present at the evening banquet. In previous years, Peng Yu would have taken the opportunity to offer him a toast, and President Wang would have offered a few words of encouragement.

But this year, when he went to offer a toast, President Wang merely gave a cold nod. Peng Yu’s sense of loss was beyond words. ℴ

’He knew he would have to take responsibility for the failure in Hanjiang Province.’

Meanwhile, the Junxiao Group’s annual meeting was held separately, with each business entity hosting its own event.

The headquarters’ annual meeting only invited the main leaders of each business entity, which of course included Zhao Hui, Lin Ya, and the general managers of the stores under them.

The hall was filled with distinguished guests; the gala was unprecedented in its grandeur.

Many years later, when Zhao Hui had become the one in charge of Junxiao Business Management, he would recall the splendor of this day as if it were yesterday.

He was reminded of a line from an old poem: "Recalling a toast on the bridge of yore, surrounded by the heroes of the age."

CEO Xu Wu was dressed in a magnificent gown, custom-made for her by a Chanel designer. She looked exceptionally graceful and incomparably beautiful.

She presented the group’s current status and its development plans for the coming year.

Many of those present only knew about the situation within their own business entities and were unclear about the development of the parent group and its other divisions. This was their chance to learn, so the audience held its breath, completely silent, listening to Xu Wu’s report.

Xu Wu delivered her report without a script. The journey of the past two short months would probably be the most profound memory of her life.

The turning points in her career and her personal life had all occurred within these few short months.

Thinking back to the founding of Junxiao Capital, she recalled her astonishment that the company had started with 800 million in capital. Then, step by step, they began to invest 1.5 billion to acquire Junxiao Square.

After that, they began acquiring commercial plazas on a massive scale.

Then they invested in new energy vehicles, committing to an annual investment of 10 billion to pursue this grand endeavor.

Later still, the Junxiao Hotel Management Division was established, and they acquired the Junxiao Lakefront CBD Center as their headquarters.

They still had 150 billion in cash on the books. Junxiao Investment Group was just that terrifyingly powerful.

Doctor Feng Robot Technology Group had already developed very quickly, but compared to the growth of Junxiao Group, it was child’s play.

As of now, Junxiao Investment Group encompassed Junxiao Business Management Company, Junxing Auto, Junxiao Capital Management Co., Ltd, and Junxiao Hotel Management Co., Ltd.

Among these business entities, Junxiao Business Management Company already had six heavy-asset plaza projects, with another three under negotiation.

It was now a business management company with assets approaching 10 billion, which could be considered a sizable enterprise on a national scale. For next year, the group’s requirement for Junxiao Business Management was to expand to 50 plazas. In that case, its asset scale would reach between 40 and 50 billion.

For many, this was the first time they were hearing about the group’s plans for its commercial real estate projects. Upon hearing the goal of achieving an asset scale of 40 to 50 billion next year, they were all dumbfounded. The project general managers for the various commercial real estate ventures, in particular, felt their hearts pound with excitement and ambition. They were certain that by following Junxiao Business Management, they could reach a new peak in their lives.

Junxing Auto was still operating at a loss for now, but it had already invested heavily in intelligent driving, smart cockpits, and smart chassis, vowing to achieve a leading position in the industry.

Xu Wu also revealed that Junxing Auto’s core EV technologies and intelligent in-vehicle light technology were already ahead of the industry. These advancements would empower the Junxing M7 and subsequent products, providing immense technical support for boosting sales.

Furthermore, next year Junxing Auto would also focus its efforts on ultra-large luxury SUVs and MPVs. Junxing Auto’s annual sales target was 200,000 vehicles.

This was no simple feat. One had to understand that among the ranks of the new EV startups, annual sales of 200,000 vehicles were enough to rival Lixiang. Currently, 90% of the domestic new energy vehicle companies were not even on that list.