Rebirth 2004: I can make money by writing.
Chapter 249: The Annual Meeting Ends and Looking to the Future
In mid-January, Hao Qiang and Jiang Ying were calculating the group's financial situation and discussing employees' year-end bonuses and holiday allowances.
Future Motorcycle Company completed its first production expansion in June last year, and the second phase of the factory was officially put into operation at the end of October last year. Last year, the total sales volume was about 200,000 vehicles, of which about 30,000 vehicles were exported.
In 2006, the company's revenue was approximately RMB 6 million, and it was exempt from corporate income tax for the first three years. Excluding planned year-end bonus expenses, its net profit after tax was approximately RMB 1.6 million.
Renjian Fireworks Catering Company currently has 22 stores in operation, with 12 stores added this year. Its revenue in 2006 was approximately 3.8 million yuan, and its net profit after tax was approximately 2.1 million yuan.
Xinghe New Energy Company, which has been in mass production for only two months, has revenue of approximately 20 million yuan and a net profit after tax of approximately 4.8 million yuan.
The three companies had a total revenue of approximately 10 billion yuan and a net profit of 3.75 million yuan after tax, with an extremely high profit margin.
Of course, excluding fixed asset investment, there is no profit, which can reduce the corporate income tax paid.
Since the beginning of this year, the production capacity of Future Motorcycle Company has exploded, sales have soared, and revenue has also exploded. The group's monthly revenue has reached more than 2.5 million yuan.
"Chairman, thousands of employees in the group work hard for a whole year, but the money they earn is not as much as what you earn by tinkering in the stock market for a few days." Jiang Ying said with a smile and flattered him.
Hao Qiang smiled and said, "The stock market is risky. You never know what will happen next time. It's just like gambling.
If you run a small business, the money you earn in a year may not seem very good.
However, as the scale has expanded, the annual profits have become more stable, the gains are tangible, and there is a greater sense of accomplishment that cannot be compared with stock market returns."
Next, the two calculated the bank loan interest.
The group borrowed a total of 2.1 million yuan, with an average annual interest rate of about 6.3%, and the annual interest expenditure was about 1320 million yuan.
In terms of charity, Hao Qiang donated 150 million yuan to CUHK in his personal name, 50 yuan each to the junior high school and high school; he also donated money to his hometown to build roads in the name of the group.
The cost of leveling the arable land in Hualong Village, my hometown, is included in the daily expenses, and the investment in the vegetable greenhouse is also an advance investment by the company. The villagers will repay the loan within the next two years.
Hao Qiang and Jiang Ying calculated the financial income and expenditure of the previous year one by one and found that there were many items of wasteful spending. However, when they thought about how happy they were at the time, they didn't care.
Instead of regretting, it is better to make more money.
Many people spend money without restraint, and then regret it afterwards. They resolve not to spend money recklessly next time.
However, not long after, I quickly forgot my original regret and continued to spend money like water. When I needed money urgently, I found that I had no money. I was like an ant on the hot pan, running around in circles in a panic.
Saving money?
That doesn't exist.
My salary is quite high, but I find that I can’t save any money and I don’t know where my money goes.
Therefore, the media reported that Hao Qiang had nearly 10 billion yuan in liquid funds on hand, and netizens were very envious because they didn't even have 10,000 yuan.
No, not even a thousand dollars.
At two o'clock in the afternoon,
Hao Qiang and the group's senior management patrolled the workshop together. Since it was a new factory, the ground lines were clear and did not need to be redrawn.
The workers mainly maintain the equipment and clean their workstations. After finishing, they wrap the equipment with film and unseal it after work resumes after the New Year.
Hao Qiang walked around and found some minor problems, but did not point them out. This was normal.
If he said it, the management and workshop workers would be very anxious.
So, just clean it up enough.
At four o'clock in the afternoon,
The annual meeting begins,
Like last year, the event was held on the basketball court in front of the dormitory building, and a simple stage was set up on site.
Except for the ordinary employees on duty at the Renjian Fireworks Company, all other employees of the group, about 2,000 people, participated in the annual meeting.
At this time, all participants have taken their seats in an orderly manner.
As the time was almost up, Group Chairman Hao Qiang, Group Financial Director Jiang Ying, Future Motorcycle Company Vice President Lin Yan, Galaxy Energy Company Vice President and Technical Director Wang He, Renjian Fireworks Company Vice President Wang Xiaofeng and Group Human Resources Manager Qiu Xueya walked towards their seats on the stage.
The employees in the audience gave warm applause when they saw the chairman arriving in a suit and tie.
Han Qingying and Wu Hai, who were sitting in a corner, watched as the number of people in Hao Qiang's company grew. They thought that in a few years, they might have to rent a football field for the annual meeting.
When Hao Qiang saw the employees applauding, he and other senior executives followed suit.
After the applause died down, Human Resources Manager Qiu Xueya announced the official start of the annual meeting and extended New Year greetings to all employees present.
Then, she solemnly announced: "Now, please invite Chairman Hao Qiang to address everyone and give an important speech."
The audience burst into warm applause again. Hao Qiang had a smile on his face and behaved calmly and gracefully, adjusting the microphone on the table slightly.
"Good afternoon, colleagues."
“Future Technology Group has been established for two years, and this is our second annual meeting.
I remember that last year, there were only more than 200 participants, but now the number has reached more than 2,000.
Next year, there will be even more participants.
Our Future Technology Group is developing at a rapid pace..."
“Last year, I remember saying that we are in an era full of countless opportunities and challenges.
All subsidiaries have developed rapidly in the past year and have exceeded their expected targets..."
Hao Qiang reviewed last year, summarized last year, looked forward to the future, and finally painted a big picture for the employees.
This year, all employees who have worked for more than half a year received a year-end bonus. Ordinary employees received one month's salary, while outstanding employees received two months' salary. Technical staff received a larger year-end bonus of two to three months' salary.
In terms of year-end bonuses, we do not have any advantages compared to other companies, but the employees’ salaries are already high, and the other benefits are very good.
This year's holiday benefits are relatively simple. There are no physical gifts. The company directly distributes shopping cards worth one thousand yuan. The employees are very happy, especially those who have just joined the company and did not receive year-end bonuses.
The group spent about 5 million yuan on year-end holiday expenses alone, but compared with the after-tax profits of 300 to 400 million yuan, it was nothing.
After Hao Qiang finished speaking, the heads of each subsidiary company gave speeches and announced the annual operating targets for 2007.
Renjian Fireworks Catering Company plans to open 18 new stores in 2007, bringing the total number of stores to 40; it also plans to establish a logistics center.
Future Motorcycle Company will strive to have the Phase III factory operational as soon as possible, increasing its annual production capacity...
Galaxy New Energy Company aims to have the second phase of its factory fully operational by mid-2008, with an annual production capacity of 5GWh.
The heads of the three subsidiaries made reports and announced their plans for the coming year. Finally, Human Resources Manager Qiu Xueya gave a summary, praising the chairman's grand wishes and the plans of the heads of each subsidiary. She hoped that all employees would work together for the future of the company, their own future, and the future of their children.
The annual meeting ended here, and then there was the New Year’s Eve dinner and annual meeting activities.
The New Year’s Eve dinner is still held in the company cafeteria, where everyone gathers together.
Last year, generous rewards were given out at the annual meeting.
This year, employees thought that since the number of employees was larger, the distribution ratio would definitely be smaller.
But unexpectedly, the distribution ratio is still almost the same as last year.
The fourth prize is a four-piece set worth one hundred yuan, with a total of 500 places available.
The third prize is a men's gift set or a women's gift set worth 200 yuan, with a total of 300 places available.
The second prize is a Nokia mobile phone worth one thousand yuan, with a total of 150 places available.
The first prize is a high-end mobile phone worth 3,000 yuan, with a total of 50 places available.
Employees who win the first prize can also exchange it for the company's electric motorcycle F1 if they do not want the mobile phone.
The types of prizes for each category are the same as last year, and the winning ratio is half.
In fact, Hao Qiang is not short of those hundreds of thousands of yuan, but he does not intend to reach a 100% winning rate. He needs to give his employees some motivation and encourage them to continue working next year.
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