Extraordinary Genius

“General Feng, the contract has been signed and no employee has been omitted. ”

Li Mingde called and reported to Feng Yu. Since the Labour Code has been in force since 1 January this year, all units are required to sign revised regulatory contracts with workers and are required to pay social security contributions.

As soon as this regulation is definitively published, Feng Yu asks Li Mingde to sign a contract with all the employees quickly, to keep their hearts and minds from thinking too much.

But Li Mingde said he didn't need it, and everyone in the company believed in Feng Yu.

Feng Yu knew that Li Mingde was kissing his ass, the company people, and more believably, he Li Mingde, right? He nevertheless demanded that contracts should be signed with all persons at the earliest possible speed, that the terms of the contracts should be explained to all persons, that concealment should not be allowed and that the relationship of authority should be clarified.

And Ice City Machinery, the first time to pay social security for all employees, including employees at the various branches.

Lee Ming De is not aware of the benefit of paying social security, which is that retired employees' pensions are borne by the State and no longer need to be borne by enterprises, which can save Iceland Machinery a lot of money.

Because this year social security is compulsory, employees who retire at a relatively close time can make a lump sum payment and then continue to enjoy their normal retirement salary, which, of course, is covered by Iceland Machinery, not by the individual employee.

After Li Mingde announced the news, the company's employees were even more energetic. Although they had always said they believed in the company and believed in Li Mingde, everyone was still worried. The nature of the company had changed. What if the company stopped paying his pension?

Now, the state has assumed that they are no longer worried.

Ice City Machinery is one of the fastest of all large companies. And some unclear business leaders are still dragging on. They want to drag it to the end of the year, but they didn't even think about it. Late payments also require late fines. Of course, late payments are similar to bank interest, and this money takes an extra year to generate more profits than just bank interest.

But Feng Yu's company, completely unnecessary, has always been very well funded. If Ice City Machinery is going to make a loan, make sure that all bank governors in Longjiang will squeeze into Lee Ming De's office and give all kinds of preferential terms.

In the previous two years, the loan approval process had been privately simplified because of the importance of the loan mandate, in order to fulfil the mandate.

The task has indeed been accomplished, and even many banks have exceeded it. But it also raises a series of problems, the most common of which is that companies or individuals with many loans are simply not able to repay them!

This led to a large number of bad debts, bad debts and unplanned losses for banks.

And lending to Iceland Machinery, that's not a concern at all, because Iceland Machinery's profitability, in everyone's eyes, is selling all of its products, both domestically and even exporting Russia.

Back off, even if Iceland Machinery doesn't have the ability to repay the loan, the auction of the company's assets will make them earn back. Unfortunately, these people took the initiative to find Lee Ming De many times, and Lee Ming De said that Iceland Machinery did not need a loan.

If Ice City Machinery really lacks funds, then Feng Yu can continue to invest. Of course, the city won't agree. Every time Feng Yu invests, it dilutes the shares in the city. This quality shares, the city absolutely doesn't want to be diluted anymore. There's another way to do this, is to go public.

Since the boom in the Mainland stock market in the previous two years, many enterprises have started to go public, in order to obtain funds for development, and the more successful representative of this is Changhong.

Changhong is ready to go on the market, and Feng Yu knows that after Changhong goes on the market, the share price will go up all the way, and he will raise a lot of money by issuing shares, so that Changhong has more money to expand the factory production line, more money to invest in research and development, more money to advertise, etc.

At present, domestic television, Changhong, has gradually become the leader, and no other enterprise sees any opportunity to shake its position.

And the leaders of the provinces and municipalities where Changhong is located have also begun to publicize Changhong extensively, because it is also a great achievement. How can they not take advantage of the emergence of such an efficient and well-known company in their territory?

But Feng Yu remembers that Changhong is a good time for these two or three years, because Changhong's business decisions will make a major mistake.

Changhong believes too much in 21-inch colored electricity and thinks this is the mainstream of the market. Today, 21 inches is indeed the mainstream of the market, and the technology in this area, Changhong, is indeed the domestic leader, at least with the lowest production costs, even lower than those of many large foreign companies.

But in two years, television will move in a big direction, and by then, 25 inches, 29 inches, 32 inches, 34 inches, even 42 inches of television will be constantly appearing. TV producers are making a big deal out of it, and the demand of the market is in that direction.

At that time, Changhong still insisted on making 21 inches of colored electricity, and production capacity remained constant, which led to a huge backlog of products that could not be sold at all.

This also became a turning point, allowing Changhong to gradually change from the leader of domestic television to the penis, third and fourth, and continue to decline in ranking.

Of course, it's not clear yet that Changhong will make at least three more years of hard money.

Many companies succeeded, making the local government ~ look good. They suddenly discovered that enterprises could raise money without loans and grow rapidly.

And after the listing, the share price goes up, and the company's market value goes up, and then there's a big company in their territory. Enterprises that originally had a market value of 100 million could become 300 million after listing, some of which followed suit.

During my tenure, there were XX listed companies in our market, including XX with a market value of more than 100 million yuan and XX with doubled assets. At first glance, this economy is a good player. At a time when the nation values the economy, who won't be promoted?

So all kinds of listed enterprises began to emerge in large numbers, and many actually failed to meet the criteria for listing. But it doesn't matter, with the help of the local government ~ the government, and now there are lots of loopholes to drill down, a lot of companies are starting to go on the market, companies that went on the market last year, more than a dozen times the previous year.

Many of these are actually getting better and better after the market, and the shareholders are making money. But there are also many enterprises, the stock cannot be sold after the listing, there are also some enterprises, the listing raised a fund, but the funds disappeared, were taken away by the local government ~ government, or lost by the business leaders, some simply filled the pit.

But anyway, listed companies are recognized by the local government ~ as a manifestation of their performance. They all want their own territory, and there are a few more companies like this.

So Li Mingde was also called to talk, demanding that Ice City Machinery be listed!

Li Mingde called Feng Yu today, one for debriefing and the other for help.