Chapter: 3648
This group of relatives affiliated with the Ye family saw this and nobody dared to raise any objections against the ancestral sacrifice.
Ye Chen wanted an annual ancestral sacrifice because he aimed to strengthen their loyalty to the Ye family through faster frequencies and make them understand the master-servant relationship between the Ye family and themselves, thus fostering a sense of loyalty and reinforcing the Ye family's control over them.
At this moment, a young man opened his mouth and said, "I can understand an annual ancestral sacrifice, but why do we need to come back to Yanjing every three months?"
Ye Chen countered him with, "You're holding onto the Ye family's resources, earning money for the Ye family. I'm asking you to come back once a month; don't you have any opinions?"
"That young man hurriedly said, 'Our family has already moved abroad for many years. We've been gradually shifting our business focus out of the country. Currently, the businesses we're operating overseas have no relation to the Ye family.'"
Ye Chen nodded and asked him, "What's your name?"
The young man replied, "I'm called Ye Tao."
Ye Chen slightly smiled and said, "Good, I'll ask you. What kind of business is your family operating abroad now?"
Ye Tao hurriedly said, "We're producing and selling Chinese-style home furnishings to the entire European market, mainly targeting Chinese customers, and our production base is in Romania."
Ye Chen raised an eyebrow and asked, "Why are you producing Chinese-style home furnishings in Romania?"
Ye Tao replied, "Mainly because Romania has a very high wood supply volume, and their labor costs are relatively low."
Ye Chen asked again, "How many workers do you have in Romania? What's the annual production value?"
Ye Tao thought for a moment and said, "We probably have around 90,000 employees in Romania. The annual production value is approximately 2 billion euros, with a net profit of around 20%."
Ye Chen nodded and said, "So, it seems that just this business alone has a net profit of 400 million euros per year."
"It's true," Ye Tao said. "Several years ago, our production base was still in Hua Xia, and I advised the family to move the production base to Romania."
Ye Chen asked him, "Why did you want to move the production base from Hua Xia to Romania?"
Ye Tao explained proudly, "Initially, we produced in Hua Xia and sold in Europe. Although logistics costs were high, labor costs were relatively low, so our overall profit rate was even higher than now. However, I predicted five years ago that the EU would continuously increase tariffs on imported products and other taxes. In that case, our products would lose all their advantages in the European market, and our profit rate would drop significantly. And I wasn't wrong; the EU has been increasing tariffs on imported furniture for three years now, at least by 40%!"
Ye Chen nodded and said, "After you moved your company to Romania, you were able to avoid the EU's external tariff policy?"
"Not true!" Ye Tao explained. "When we moved our production base to Romania, we also re-registered a company in Romania, equivalent to transforming our products into local goods produced in Romania. And because Romania has joined the EU, the entire European market has given Romanian products very favorable policies, so we have indeed enjoyed these benefits."
"Tax costs are lower, and our prices can be even lower. This means we have more sales, and our overall profit rate is also very good. Compared to other companies that produce furniture domestically and sell it in Europe, each one loses heavily."
Ye Chen laughed and said, "It seems you're quite skilled at managing."
Ye Tao confidently said, "Of course I am! I finished my undergraduate degree at Yale University when I was 20 and completed my master's degree in business administration two years later. I started participating in the family business management from the age of 18. I'm not saying I'm a genius in business, but I'm definitely stronger than most paper-talking entrepreneurs."
"It seems you're quite skilled at managing."
Ye Tao confidently said, "Of course I am! I finished my undergraduate degree at Yale University when I was 20 and completed my master's degree in business administration two years later. I started participating in the family business management from the age of 18. I'm not saying I'm a genius in business, but I'm definitely stronger than most paper-talking entrepreneurs."
Ye Chen suddenly spoke out, causing Ye Tao to tremble all over his body. JrNovels.com