"Mr. Feng, the contracts have been signed and no employee has been left out."."
Li Mingde called and reported to Feng Yu. Because the labor law was officially implemented on January 1 this year, all units must sign formal contracts with workers and pay the social security dues.
As soon as this regulation was announced, Feng Yu asked Li Mingde to quickly sign a contract with all employees to reassure them and prevent them from overthinking.
But Li Mingde said that it was not necessary. Everyone in the company believed in Feng Yu.
Feng Yu knew that Li Mingde was flattering him, and the people in the company probably believed him more. But he still demanded that the contract must be signed with everyone as quickly as possible, the terms of the contract must be explained to everyone, no concealment was allowed, and the relationship between rights and responsibilities must be made clear.
Moreover, Bingcheng Machinery Company must pay social security for all employees immediately, including employees in each branch.
Li Mingde has not yet realized that the benefit of paying social security is that the pensions of retired employees will be borne by the state, and companies will not need to bear them. This can save Bingcheng Machinery Company a lot of money.
Because social security payments are compulsory this year, employees who have retired relatively recently can pay a lump sum of money and still enjoy their retirement salary as normal. Of course, this amount is subsidized by Bingcheng Machinery Company, not the individual employees.
After Li Mingde announced the news, the company's employees became more motivated. Although they have always said they believe in the company and Li Mingde, everyone is still worried that the nature of the company has changed, and what if the company no longer pays for his pension? What to do
Now it's fine, the country is responsible for it, and they no longer have to worry.
Bingcheng Machinery Company's speed can be regarded as the fastest among all large enterprises. And some business leaders who didn't see clearly were still procrastinating. They wanted to delay the payment until the end of the year, but they never thought that delayed payment would also require late payment fees. certainly. The late payment fee is similar to bank interest. If the money is used for one more year, the profit it can create is far more than the bank interest.
But Feng Yu’s company. No need at all, funds have always been sufficient. If Bingcheng Machinery Company wants a loan, it is guaranteed that all the bank presidents in Longjiang will crowd into Li Mingde's office and offer various preferential terms.
Because the lending tasks were very heavy in the past two years, their loan approval procedures were privately simplified a lot. Just to complete the mission.
The task was indeed accomplished, and many banks even exceeded their quota. But it has also caused a series of problems, the most common of which is that many companies or individuals who took out loans are simply unable to repay the loans!
This caused banks to begin to have a large number of bad debts and bad debts, causing banks to suffer unplanned losses.
As for the loan to Bingcheng Machinery Company, there is no such worry at all, because everyone sees the profitability of Bingcheng Machinery Company and all its products. They are all sold well in China and even exported to Russia.
To take a step back, even if Bingcheng Machinery Company is unable to repay the loan, they can make money back by auctioning the company's assets. It's a pity that these people approached Li Mingde many times, and Li Mingde said that Bingcheng Machinery Company did not need a loan.
If Bingcheng Machinery Company really lacks funds, then Feng Yu can continue to inject capital, of course. The city will not agree. Every time Feng Yu injects capital, the city's shares, such high-quality shares, will be diluted. The city definitely doesn’t want to be diluted anymore. There is another way, which is to go public.
Since the mainland stock market boomed in the past two years, many companies have begun to go public in order to obtain funds for development, and one of the more successful representatives is Changhong.
Changhong is ready to go public. Moreover, Feng Yu knew that after Changhong went public, the stock price would rise all the way. He raised a large amount of funds by issuing shares, giving Changhong more funds to expand factory production lines, more funds to invest in research and development, and more funds to conduct research and development. Advertising and more.
At present, Changhong has gradually become the leader in domestic TV production, and no other company has any chance to shake its position.
The leaders of the province and city where Changhong is located have also begun to promote Changhong extensively, because this is also a huge political achievement. How could they not take advantage of the emergence of such a well-known brand-name enterprise in their territory
But Feng Yu remembered that Changhong had a good time in the past two or three years, because Changhong would make a major mistake in its business decisions.
Changhong believes too much in 21-inch color TVs and believes that this is the mainstream of the market. Looking at it now, 21-inch is indeed the mainstream of the market, and in this aspect of technology, Changhong is indeed leading the country. At least their production costs are the lowest, even lower than the production costs of many large foreign companies.
But in two years, TVs will develop in a big direction. By then, 25-inch, 29-inch, 32-inch, 34-inch and even 42-inch TVs will continue to appear. All TV manufacturers are going big, and the market The demand is also in this direction.
At that time, Changhong still insisted on making 21-inch color TVs, and its production capacity remained unchanged. This resulted in a large backlog of products that could not be sold at all.
This also became a turning point, which gradually changed Changhong from the leader of domestic TV sets to the second, third, and fourth place, and its ranking continued to decline.
Of course, we can’t tell yet, but Changhong will still make a lot of money for at least three years.
The success of many companies made local governments jealous. They suddenly discovered that companies could raise funds and develop rapidly without taking loans.
Moreover, after listing, the stock price will rise, and the company's market value will also rise, and a big company will appear on their territory. A company that originally had a market value of 100 million may become 300 million after listing, which is just like the above.
During my term of office, there were XX listed companies in our city, including XX companies with a market value of more than 100 million yuan, XX companies with doubled assets, and so on. The leader took a look and realized that this man was a good man in economics. At a time when the country was attaching great importance to the economy, who would be promoted if he was not promoted
As a result, various listed companies began to appear in large numbers, and many companies actually did not meet the standards for listing. But it doesn't matter. With the help of local governments and the fact that there are many loopholes to exploit, a large number of companies have begun to go public. The number of companies listed last year was more than ten times that of the year before.
Many of them have indeed become better and better after listing, and investors have also made money. But there are also many companies whose stocks cannot be sold after going public. There are also some companies that raised a sum of funds through listing, but the funds disappeared and were taken away by local governments or lost by business leaders. Some simply Filled the hole.
But no matter what, listed companies are recognized by local governments as a manifestation of political achievements. They all want to have more such companies in their own territory.
So Li Mingde was also called by the leader to talk and asked Bingcheng Machinery Company to be listed!
Li Mingde called Feng Yu today. One was to report on work, and the other was to ask for help. (To be continued.)
PS: First update, thank you for your monthly votes from book friends such as Panda Doesn’t Take Medicine, Kiss Can’t Touch, Xuanyuan Buried Heart, Smoke Flowing, ※Forgot→, etc. Thank you. There is also SF0916 at the back