Chapter 266 Expansion (Ch 827991716)

As time comes to the end of December.
Jiang Miao and his wife also returned to the headquarters of Hailufeng Company.
Other managers who rotated in various branches also returned to the headquarters at the end of this month to begin making year-end summaries.
In the chairman’s office at the headquarters.
Jiang Miao, Zhang Xincheng, Jiang Xia, Jiang Haibo, Qin Hanming, Lv Weibin, Ye Meijing, Wang Haochen and others were all there.
Ye Meijing, the head of the finance department, was the first to speak. She stood up, walked to a small whiteboard, and picked up a marker: “The company’s finances are currently good. Although the revenue of the old business has not increased much, there are no serious problems overall; the new business continues to develop.”
Jiang Miao looked through the financial statements.
All industries of Hailufeng Company are developing this year.
The traditional white truffle business, eel fry business, and pandan spice business are all very stable, with revenue similar to last year. After all, these are high-value products, and production capacity will certainly not be increased on a large scale in the future, which means that the revenue of these industries is destined to remain fixed.
The feed industry, food industry, agricultural products industry, and aquatic products industry have made considerable progress.
“This year, our agricultural product industry has seen a huge increase in revenue,” Ye Meijing said, writing some data on the whiteboard:
“The durian industry has a total revenue of 17.7 billion yuan this year, the banana industry has a total revenue of 28.6 billion yuan this year, the abaca industry has a total revenue of 64.8 billion yuan this year, and the soybean industry…”
Luxury agriculture has a relatively high unit gross profit margin, but its scale will never be comparable to that of basic agricultural products.
Jiang Miao looked at the financial report on the banana industry, which listed in detail various financial data of the entire industrial system.
This year, the planting area of ​​Mike series bananas in Qiongzhou has exceeded 1.87 million mu, and is rapidly approaching the upper limit of 2.5 million mu set by Hailufeng Company.
Of the 1.87 million acres of Mac series bananas, 640,000 acres were harvested this year, producing approximately 3.264 million tons of bananas and approximately 812,800 tons of abaca.
The revenue per ton of bananas is 8,792 yuan, and the revenue per ton of abaca is 79,700 yuan.
Jiang Miao looked at the gross profit margin line and found that the gross profit margin of Mike series bananas was 24.6%, while the gross profit margin of abaca was 53.7%.
Of course, the abaca here is not just abaca fiber raw material, but includes hemp rope, linen, sacks, carpets, clothes, home textiles, cables and various by-products. The combined gross profit margin of these industrial chains is 53.7%.
By the same token, the total gross profit margin of the Senzu soybean industry and the Senzu soybean industry is also calculated based on the overall industrial chain.
Ye Meijing spoke until her mouth was dry and it took her nearly three hours to roughly explain this year’s financial situation to Jiang Miao and others.
To sum up, Hailufeng’s total revenue this year is very exaggerated, reaching a staggering 857.9 billion yuan, with a gross profit margin of 28.7%, or 246.2 billion yuan.
The reason why it can reach such an exaggerated level.
On the one hand, the cumulative number of registered users of the Hailufeng specialty store APP has reached 130 million, plus as many as 879 offline physical stores, 108 storage centers and 108 storage supermarkets, these channels have generated huge sales.
The offline channels alone achieved revenue of 84.2 billion yuan, plus the online revenue of 274.7 billion yuan, the total revenue of these two channels is 358.9 billion yuan.
After all, many of Hailufeng Company’s products are domestically monopolized products, such as durian and Mike series bananas, which alone have sold tens of billions of yuan.
Together with the vegetables, fruits, aquatic products, meat, eggs, milk and agricultural and sideline products from cooperative farmers and enterprises, each product sells for at least tens of millions and at most hundreds of millions, and thousands of products total a scale of hundreds of billions.
In addition, the derivative products of abaca and bean threads are also the focus of sales.
When these things accumulate, it’s not a small amount.
Of course, the data in the current financial statements is only the gross profit margin, and does not include taxes and loans.
During its rapid development this year, Hailufeng Company has borrowed huge amounts of money. Currently, the company’s total accumulated loans amount to 75.6 billion yuan, of which 8.4 billion yuan has been repaid.
The finances are very good.
The main reason is that Hailufeng Company has strong technology, excellent product quality, high cost performance, and has formed a brand effect.
Although compared with several other e-commerce platforms, Hailufeng’s exclusive store APP seems to perform averagely, the difference in their business models has created a huge difference.
Currently according to the analysis of the market research department of Hailufeng Company.
Ali (including Taobao): The annual revenue in fiscal year 2027 is about 907.9 billion yuan, much less than 1.074 trillion yuan in 2025, and the net profit is only about 75.1 billion yuan.
Pinduoduo’s annual revenue in 2027 reached 227.4 billion yuan, nearly 90 billion yuan less than the revenue of 314.4 billion yuan in 2025, and its net profit was 57.9 billion yuan.
JD.com’s revenue in 2027 will remain at 987.4 billion yuan, with the smallest decline among the three major e-commerce platforms. This may be related to the types of products it sells. Its main digital products and electrical appliances have not been severely impacted by Hailufeng Company, and its net profit is 20.6 billion yuan.
Obviously, the turnover obtained by the Hailufeng Specialty Store APP did not come out of thin air for no reason, but was snatched from Taowang, Pinxixi, and JD.com, plus a part of the users cultivated by itself, which led to such a huge sales scale.
However, if we analyze the operating models of the four e-commerce platforms in depth, we will know that the net profit of the Hailufeng specialty store APP is not high, only about 10%.
This has something to do with the operating model of Hailufeng Company.
Because each business unit of Hailufeng Company has to calculate its own profits, it is impossible for them to work for other business units for free.
For example, when the planting division sells agricultural products to the sales division, physical business division, and e-commerce division, it is certainly impossible to supply them at cost price. Instead, it must calculate a reasonable internal profit.
Other business units operate in the same way.
The charges can be a little cheaper than outside, but not too cheap. Brothers should be clear about accounts. This is the current situation of each business unit within the company.
In fact, even if it is a little cheaper than outside, the accumulated costs of each link are not a small amount. This system makes Hailufeng’s products more competitive.
JD.com obviously has its own logistics system and exclusive stores, so why is their overall profit still relatively low? The answer is that their company is just a platform and belongs to the service industry, not a manufacturing enterprise.
Hailufeng Company itself is a raw material producer and a deep processing enterprise, and it also engages in transportation, warehousing, and sales, directly connecting the primary industry with the secondary and tertiary industries.
That’s the difference between the two.
Without an industrial chain that goes deep enough into each link, it is necessary to consider changes in all aspects of the market.
For example, if the factory price of a graphics card increases, does JD.com have any solution? The answer is no.
Since it does not have the ability to produce graphics cards, it can only go with the flow in the market. The most it can do is to use volume purchases to make manufacturers sell at a lower price, but there is absolutely no way to regulate the market price of graphics cards.
But Hailufeng Company is different. It either doesn’t do it or it controls the industrial chain.
If a product is not competitive, try not to get involved, or make it competitive.
…
During lunch.
The meeting was still going on, but everyone was just eating together and chatting about some things, and there was no formal discussion.
Jiang Miao picked up a piece of stir-fried shallot with chopsticks: “This shallot is good. I ate it once in Minqin and I felt that this vegetable has potential.”
Lv Weibin, head of the agricultural planting division, said with a smile: “At present, the Liangzhou branch has contracted 2,000 mu of land around Liangzhou and built a greenhouse base dedicated to growing sand onions. With our new technology and airship transportation, this special vegetable will be available across the country in the future.”
“Hmm…” Ye Meijing, who had been talking for more than three hours, didn’t want to talk anymore. She nodded and buried her head in eating. However, after eating the sand onion, she did feel that it was delicious because she liked eating leek dumplings very much.
In fact, allium mongolicum belongs to the same family as leek, and tastes very similar, but the texture is slightly different. Leek is soft and tender, while allium mongolicum is crispy and tender. At the same time, the taste of allium mongolicum is not as strong as leek, so there will be no obvious breath problems after eating it.
Zhang Xincheng took a bite and said, “This shallot is related to leek, right?”
Lu Weibin, who was holding a boiled chicken, nodded: “Yes! They are from the same family and are very closely related. Even the harvesting method is the same. After harvesting, as long as the roots are not damaged, a second crop will grow soon.”
“Actually, this winter sunflower is not bad either.” Jiang Xia prefers the slippery winter sunflower.
“Hmm…” Ye Meijing also picked up a piece of stir-fried winter melon with garlic and minced garlic.
Zhang Chengdong, who is in charge of the scientific research department, said while eating: “Currently, alliums are mainly wild species. We have set up a variety breeding laboratory in Liangzhou and strive to cultivate higher-yield and high-quality alliums in the future.”
“Is there enough water in Liangzhou?” Qin Hanming, head of the market research department, is from Baiyin. He knows the local water resources situation. Even with the company’s water purification technology, it is estimated that there is no way to expand planting on a large scale.
“It’s really not enough.” Lv Weibin went to Liangzhou in November to investigate and arrange industries. He was very familiar with the local water resources situation. He picked up a tissue and wiped his mouth:
“The proportion of agricultural water use in Liangzhou is too high. Of the total water use of 1.6 billion cubic meters, agriculture accounts for 1.05 billion, domestic water use is only 0.9 billion, industry 2.8 billion, and ecological water replenishment 200 million. Even if 200 million cubic meters of water can be saved in life and industry, it can only increase agricultural water use by less than 20%. To continue to expand agricultural planting, we must adopt indoor greenhouses like ours and adopt efficient and water-saving drip irrigation technology.”
“Drip irrigation is indeed useful, but the cost of supporting facilities is relatively high,” Zhang Chengdong said helplessly.
Jiang Miao smiled and said: “In the future, the cost of drip irrigation supporting facilities will be lower and lower. This is the general trend. After all, as the proportion of energy attributes of oil and coal decreases, the proportion of chemical attributes of oil and coal will increase, and the global price of oil and coal will become lower and lower.”
Qin Hanming, who has been paying close attention to the market, also nodded: “Boss’s reasoning is very reasonable. At present, the price of coal imported from Southeast Asia has been falling for six consecutive months. The same trend will definitely be seen for oil and natural gas in the future.”
Zhang Chengdong, who doesn’t pay much attention to market changes, talked about another thing: “In fact, our research department has been following up on a technology recently.”
“What technology?” Lu Weibin picked up the freshly squeezed orange juice and took a sip.
“Room-temperature drying technology developed by the Hongcao Town Freeze-Dried Food Factory.”
Lu Weibin immediately remembered: “Oh! So it’s this technology. I learned about it a few days ago. Cheng Dong, will your research department continue to study this technology in depth?”
“This technology can actually solve some of the agricultural water use problems in the northwest region,” Zhang Chengdong said with a smile.
The others were stunned at first, and then seemed to be thinking about something.
A trace of thought flashed across Lu Weibin’s eyes: “Should we reuse the water from vegetables and fruits for planting?”
Zhang Chengdong nodded slightly: “Yes, that’s the model. Of course, to achieve this, we must use indoor greenhouses, and the factory must be near the planting base, and select suitable crops, so that this model can work.”
After listening to Zhang Chengdong’s description, Jiang Miao also thought about the operating mode.
He soon discovered a blind spot.
Taking white radish, which has a relatively high water content, as an example, in a greenhouse environment, the yield per mu can reach 4 to 6 tons. Using efficient drip irrigation technology, the entire planting cycle requires 80 to 120 cubic meters of fresh water.
The two numbers obviously don’t match.
Why does this happen?
The answer is that plants have transpiration. One acre of leafy vegetables in the greenhouse will evaporate about 2 to 3 cubic meters of fresh water every day. The water vapor formed by the evaporation of these fresh water will cause the humidity inside the greenhouse to increase due to the barrier of the greenhouse film. After the temperature drops at night, part of the water vapor condenses into dew and is absorbed by the plants and soil again.
But consider the dynamic balance relationship.
As irrigation water accumulates, the water vapor will increase to the point where the humidity inside the greenhouse will exceed the limit. In order to avoid diseases such as root rot and white mold caused by a high humidity environment, the greenhouse can only be ventilated to expel the high-humidity indoor gas.
This is the fundamental reason why, although only 4 to 6 tons of radishes and about 1 ton of leaves were harvested, 80 to 120 cubic meters of fresh water were consumed.
Jiang Miao turned his head and looked at Zhang Chengdong: “Chengdong, you can consider planting Senzu beans and vegetables and fruits together. That is, plant vegetables and fruits in one greenhouse and plant Senzu beans in another greenhouse, and then connect the two greenhouses to allow air to circulate.”
“Joint planting? Senzu soybeans…” Zhang Chengdong muttered to himself, and soon he came back to his senses, his eyes lit up: “I understand, boss, your idea is very valuable.”
Due to the characteristics of the Senzu soybean, its leaves absorb moisture from the air. If it is in high humidity air, it can maintain good growth without even watering.
Its root tubers also store water. The weight of the root tubers of the Senzu soybean with a growth period of half a year can reach about 15 to 18 tons, and its water content is about 96%.
If one greenhouse is used to grow vegetables and fruits and another greenhouse is used to grow soybeans, only one portion of water is needed. The enclosed space of the greenhouse can be used to supply water to the soybeans through the air.
Of course, this is just one of the benefits.
Another benefit is that by harvesting the root tubers of the Senzu soybeans, the water is extracted from the tubers using normal temperature drying technology, the organic matter in the tubers is used to generate electricity and biogas, and the water is reused as greenhouse irrigation water.
In this way, the two-acre greenhouse can recycle nearly 40 to 50 cubic meters of fresh water every year during the planting process.
This can further enhance the agricultural potential of the Northwest region.
As for why we don’t harvest the roots of the Senzu soybeans grown in the open air and squeeze water from them for use.
The reason is naturally to take into account the growth needs of perennial soybeans.
After all, the Senzu soybeans grown in the open air in the arid desert areas of the northwest need the water resources stored in the rhizomes to realize their perennial ability.
The leaves of the Magnolia soybean can absorb relatively limited water at night in the open-air northwest desert environment. Therefore, once the root tubers are harvested, the Magnolia soybeans that are replanted next year will need to be irrigated with groundwater, and the growth cycle and first-year yield will decrease.
Therefore, harvesting the underground water-storing roots of the Senzu soybeans is a cost-prohibitive behavior in open desert areas.
This is different from planting inside a greenhouse.
There is too much water evaporating inside the greenhouse and being trapped inside, so a special plant water pump is needed to achieve balance.
Zhang Chengdong has made a rough estimate and predicted that if this method of joint planting can ensure that 10 acres of joint planting greenhouses can be used, 100 to 125 cubic meters of fresh water can be extracted every six months to supply another 2 acres of joint planting greenhouses.
Currently, Hailufeng Company has obtained an annual quota of 20 million cubic meters of water for agricultural planting in Liangzhou area. If drip irrigation is used for all of it, it can irrigate nearly 200,000 acres of greenhouse farmland.
If a joint planting model is adopted, 444,000 acres of greenhouse farmland can be planted, of which the greenhouse area for growing vegetables and fruits can reach 222,000 acres.
Don’t underestimate the increase of only one-tenth in vegetable and fruit planting area. If the area is expanded, it will also be a considerable scale.
As for extracting water in this way, will it result in too high water costs?
Actually, there is no need to worry about this.
Because the harvested root tubers of Senzu soybeans contain 5% organic matter and minerals, they can be used as raw materials for power generation and organic fertilizer. This part of the income can cover the cost of harvesting the tubers, and water is equivalent to a by-product.
Just like extracting water from vegetables and fruits, it is itself a by-product of drying vegetables and fruits. Since it is a by-product, its production cost is covered by the main product of the process.
Lv Weibin, who was listening with great interest, also understood the operating mechanism. He smiled and said, “Then I will instruct the Liangzhou branch to build an experimental base first. Dried vegetables and fruits are indeed conducive to promotion in the northwest region.”
“Well, I think so too. After all, when vegetables and fruits are completely dehydrated, their weight decreases by 70 to 90%, just like transportation foam.” Qin Hanming also expressed his opinion.
Speaking of airships, Jiang Miao also thought of another problem: “If it is the same as the bubble, it is estimated that the airship will have to use a special model. After all, the cargo space in the belly of the airship is limited. For example, the Blue Whale 1 can only accommodate 12 20-foot containers at most.”
Others also put forward their own ideas.