“Based on current sales trends and a multi-source analysis, we project sales of five million Smart Infusion Controllers by the end of the calendar year, with total revenue approaching 1.5 billion yuan…”
Song Yi said with excitement in her voice, “Conservatively, our net profit could reach 400 million yuan.”
These figures sent a wave of excitement through the shareholders present.
Pan Lirong, in particular, was sighing in amazement.
“My paint company has annual sales of three to four billion, and I’d be over the moon with a five-percent profit margin.”
“A profit margin as high as twenty-six percent is something I wouldn’t even dare to dream of.”
Song Yi chuckled. “If it weren’t for the distributors’ high commission, our profit margin would be even higher.”
Ouyang Yanran laughed lightly. “Ms. Song, you shouldn’t be so greedy. Baiyulan is definitely giving you the best rates in the industry.”
Yu Youlian also chimed in, “The same goes for Baining Group!”
Ma Hongchen said with a wide smile, “A great product combined with a nationwide sales network—you can’t have one without the other. That’s what created the explosive sales of the Smart Infusion Controller.”
After a pause, he asked, “I was wondering, how is the expansion into overseas markets going?”
“Progress is very slow!”
The one who spoke was Yu Chuanbai. “Because our product is classified as a medical supply, the regulations and approval processes in Europe and America are extremely strict. We need to provide a vast amount of testing and review documentation, which is a long process.”
“If everything goes smoothly, we estimate it will still take at least a year to get approval.”
Yu Chuanbai added, “There is a faster, more convenient path, which is to co-produce with medical supply companies in Europe and America and use their connections to expedite the approval.”
“But their conditions are too harsh. We would essentially become their OEM factory.”
On the large screen, Yu Youlian sighed lightly and said, “This is a systemic barrier that European and American pharmaceutical and medical supply companies have built against us.”
“It’s easy for their drugs and equipment to enter our market, but when it’s the other way around, it’s incredibly difficult for our products to enter theirs.”
“Both Baining and Baiyulan have encountered this dilemma while trying to expand internationally, and we haven’t made much progress.”
Ouyang Yanran nodded in agreement and added, “There’s another problem: legal risk.”
“Lawsuits in Europe and America are a headache. The compensation for personal injury is quite high, and they use a jury system, where judges also have significant discretionary power.”
“If a personal injury incident were to occur, given the current climate of international public opinion, the chances of a verdict against us are quite high.”
“If things go wrong, a single small case could wipe out our entire overseas investment.”
These words made Yan Feifan look worriedly at Yu Youlian on the screen.
Yu Youlian met Yan Feifan’s gaze and chuckled softly. “Mr. Yan, I know what you’re worried about.”
“Don’t worry. Devices like that sonic instrument are mostly purchased by medical institutions in Europe and America for clinical trials.”
“It’s not considered General medical equipment for ordinary patients, so it’s subject to far fewer regulatory constraints.”
“As for that surgical robot…”
Yu Youlian snorted, speaking with an air of dominance, “They can take it or leave it. In any case, your unique puncture and injection technique, Mr. Yan, can only be performed on our surgical robot.”
She added, “Anyone who wants to buy our equipment must sign a liability waiver. Otherwise, we won’t sell to them.”
Pan Lirong gave Yu Youlian a thumbs-up and said loudly, “Ms. Yu, that’s impressive! I’m in awe!”
“If only all of our domestic tech companies had the same backbone as you, Ms. Yu.”
Yu Youlian chuckled, a little embarrassed. “Mr. Pan, you flatter me!”
“All this confidence I have, it all comes from Mr. Yan.”
“Relying only on the other products our company makes, I would never dare to speak this way.”
Song Yan said with deep feeling, “Only when you possess your own core technology can you stand firm against any storm.”
“That rule applies to any industry.”
The people present considered the current international situation and all nodded in agreement.
Taking advantage of a lull in the conversation, Ma Hongchen slowly began to speak. “I’ve been paying close attention to the Phoenix Medical Park recently.”
“According to current announcements, there are already four top-tier comprehensive hospitals planned for construction there.”
“I also heard that Binhai University Medical College is considering relocating there.”
“The Phoenix Tail Mountain area already has a golf course and is known as one of Binhai’s famous villa districts and wealthy neighborhoods.”
“I’m considering building a hotel there. What do you all think?”
The moment Ma Hongchen finished speaking, Song Yi jumped in eagerly, “Mr. Ma, I support you building a hotel. You could even consider putting it in our Extraordinary Mansion.”
Song Yi chuckled again. “To be honest, the headquarters building we planned is a bit short. It’s not imposing enough.”
“But if we build it too tall, I’m worried we won’t be able to rent out the rooms right away, and the vacancy and maintenance costs will be high.”
“Having a five-star hotel move in would be the perfect solution.”
Ma Hongchen smiled. “If the conditions are right and we can cooperate, I would naturally be very willing.”
Song Yi decided to strike while the iron was hot. “Mr. Ma, the design firm is working on the architectural plans for us right now. If we agree to cooperate, there’s still time for them to modify the design.”
“Shall we set a time to discuss the details?”
Ma Hongchen readily agreed…
After this brief interlude, the group’s conversation shifted back to the Sleep Promotion Device.
After all, it represented the company’s second wave of growth.
After Yan Feifan gave a brief introduction to the related audio-hypnosis research, Song Yi took over.
“This audio-hypnosis research is nearing completion, and our own Mr. Sun has already become the first person to try it.”
“With his recommendation, public officials might just become our largest customer base.”
Pan Lirong nodded. “It’s very possible. Public officials are under a lot of mental stress, and a great many of them have trouble sleeping.”
Amid a ripple of light laughter, Song Yi continued her presentation. “There is one limiting factor in the promotion of the Sleep Promotion Device.”
“It requires a brainwave monitor with extremely high precision to detect the intensity of a patient’s brainwave activity.”
“A brainwave monitor with this level of precision costs around two million yuan per unit. We’ve done our research, and most top-tier hospitals are not equipped with them.”
Song Yi took a sip of water and continued.
“Our solution has two parts. First, we will proactively seek business partnerships with hospitals that do have these high-precision devices.”
“Second, we will create custom medical testing vehicles for mobile diagnostics.”
“Our plan is to leverage Baining’s and Baiyulan’s main branches in various cities, allowing customers to book appointments for centralized testing.”
Pan Lirong said thoughtfully, “One brainwave monitor is two million yuan. Add the cost of the vehicle and modifications, and that’s three million.”
“An average of five vehicles per province? Let’s say 150 vehicles nationwide… that’s 450 million yuan.”
“That’s a hefty investment. What’s the price point for the service?”
Song Yi explained, “We’ve preliminarily set the total fee at 2,888 yuan per person.”
“For the rollout of the Sleep Promotion Device, our strategy is to customize ten to twenty vehicles and launch a sweeping campaign from south to north.”
“Subsequent patients with sleep disorders, influenced by the advertising and word-of-mouth effect, will then go to the nearest designated partner hospital on their own…”
Yan Feifan had no interest whatsoever in these specific business discussions.
Bored, his stomach suddenly started to rumble.
Although the sound wasn’t very loud, it unexpectedly drew the attention of everyone in the meeting room.
Wang Chuan chuckled and said, “Mr. Yan and Ms. Song rushed over from the hospital and haven’t had dinner yet.”
“I imagine there are others attending today who also haven’t eaten.”
“We’ve covered everything we needed to. Anyone who wants to learn more can discuss it in detail at the company.”
“So for this shareholders’ meeting, why don’t we call it a day?”
The suggestion was met with unanimous agreement.
And so, after one hour and ten minutes, the shareholders’ meeting came to a smooth conclusion.
Afterward, everyone present, with the exception of Song Yan and Ma Hongchen, moved to the hotel’s Western restaurant.
Yan Feifan had just ordered a lamb chop dinner for himself when he received a call from Yu Beihua.
He was informed that the brain tumor patient Dr. Kevin Vega had brought from the United States that morning was showing some worrying vitals and was at risk of cerebral herniation…
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