Super Rich from Winning a Lottery-Chapter 347 - 244: 6.8 Million for Fake Huanghuali Furniture

Yi Anguo arrived at Anguo Furniture Factory today, and Yi Xiaolin and Yi Xiaoman were already at the factory gate to welcome him.

The Anguo Furniture Factory nowadays is a far cry from what it used to be. The site was large in the past, but the factory building was small, looking quite lonely, with just one dormitory, one factory building, and an office building.

The rest were production workshops and warehouses built with corrugated iron roofs. 𝕗𝕣𝐞𝐞𝘄𝐞𝚋𝚗𝗼𝘃𝗲𝗹.𝚌𝕠𝚖

But now, there are no more large empty lands to be seen, nor any corrugated iron-roofed structures. It's all multi-story buildings, designed to look like hotels, very beautiful and clean. From the outside, it doesn't even look like a furniture factory but rather a high-end hotel.

This design was proposed by Yi Anguo. He knew that as Shenzhen's economy continued to develop, factories like the furniture ones were bound to be forced to relocate sooner or later. Strictly speaking, furniture factories are non-compliant with environmental standards and considered as polluting enterprises, and such businesses are destined to be phased out in Shenzhen City.

Yi Anguo had already selected another location in the neighboring Dongguan City, buying up a large piece of land to construct a new Anguo Furniture Factory.

The land in Dongguan is even larger than here, and since it was purchased early, the price was not expensive.

The factory buildings over there are almost complete, but the ones in Shenzhen will still be in use. Currently, Anguo Furniture's business is doing well, so there's no worry about not having orders. Therefore, even if the factories on both sides are larger, there's no concern about wasting unoccupied space.

"Take me to the warehouse for hardwood materials, how much inventory of the large-leaved red sandalwood do we have now?"

As soon as Yi Anguo arrived at Anguo Furniture Factory, he said to Yi Xiaolin and Yi Xiaoman.

"We still have a fair amount of large-leaved red sandalwood in inventory, but recently there have been quite a few orders for it, consuming it quickly. The market price for large-leaved red sandalwood has been staying high lately, reaching 250,000 per ton, and it seems to be continuing to rise. I was thinking of asking you whether we should stock up more on large-leaved red sandalwood?"

"At the current rate of consumption, how long can our inventory of large-leaved red sandalwood last?" Yi Anguo thought for a moment and asked.

"At the current rate, it can probably last two to three years. It should not take more than three years for our stock of large-leaved red sandalwood to be completely used up," Yi Xiaolin said.

"Moreover, the speed at which orders for large-leaved red sandalwood furniture are increasing seems to be getting faster, so it's possible we might run out of stock in less than two years."

"We just don't know whether the price of large-leaved red sandalwood will continue to rise in the future. If it keeps going up and we don't stock up now, our costs will be very high when that time comes."

"But the price is already so high now, and if it drops later, we'll lose out big if we stock up now."

"Two to three years is about right. The current price of large-leaved red sandalwood is already quite high, and it will definitely drop in the future. So, we don't need to purchase more now, and we should take advantage of the good market conditions to quickly turn it into furniture and sell it," Yi Anguo nodded and said.

"How can you be so sure? The price of small-leaved red sandalwood is also skyrocketing! Wealthy people are getting more numerous, so I think the possibility of a big drop is minimal," Yi Xiaolin responded, disagreeing.

"I have my reasons for this prediction. Do you know why the price of large-leaved red sandalwood keeps going up?" Yi Anguo smiled and said.

"It's because many people have replaced small-leaved red sandalwood with large-leaved red sandalwood. The price of small-leaved red sandalwood is too high for the average person, so they can only switch to large-leaved red sandalwood."

"Large-leaved red sandalwood originates from the archipelago of Madagascar, an African island nation, and entered our country around 1996."

"For quite a period, it was misidentified as red sandalwood by some domestic experts."

"Since its common name is only one character different from small-leaved red sandalwood, its price skyrocketed after entering the domestic market, surpassing that of da hong suan zhi jiao chi huang tan, earning the favor of consumers and enthusiasts."

"Even though scientific tests later confirmed it was not red sandalwood, and it was classified as a type of blackwood under the 'National Red Wood Standard', its price, once skyrocketed, couldn't come down."

"At its peak, the price of large-leaved red sandalwood timber might even exceed 300,000 per ton, leaving many materials in the dust."

"Although it's not red sandalwood and classified as blackwood, it doesn't prevent some who love wood and hope it can create another red sandalwood myth from clamor for it."

"Moreover, the appearance of large-leaved red sandalwood is relatively close to small-leaved red sandalwood, but its most visible differences are: one, its density is not as high as small-leaved red sandalwood, and its grain oiliness is poor."

"Two, its iconic cow hair pattern and gold star pattern of small-leaved red sandalwood are almost unseen, instead it's covered with fine and long dark pores on the surface."

"Three, its black veins are more pronounced than small-leaved red sandalwood, and very striking, with the surface of much of the wood being partially yellow with black stripes, differing significantly from the uniformly deep purplish tones of small-leaved red sandalwood."

"As market demand decreases, and awareness of wood properties increases, the biggest possibility in the future is that the market price of large-leaved red sandalwood will be cut in half, and this wealth-creating myth will also come to an end."