Extraordinary Genius

Chapter 717 Listed?

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"Mr. Feng, the contract has been signed, and no employee has been missed. Taste the book"

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 must pay the social security that should be paid.

As soon as this regulation was finalized and announced, Feng Yu told Li Mingde to sign a contract with all the employees quickly, so as to reassure them and prevent them from overthinking.

Li Mingde said no need, everyone in the company believed in Feng Yu.

Feng Yu knew that Li Mingde was flattering, and the people in the company believed Li Mingde more. But he still requires that the contract must be signed with everyone as quickly as possible, and the terms of the contract must be explained to everyone, no concealment is allowed, and the relationship between rights and responsibilities must be clarified.

Moreover, Bingcheng Machinery Company had to pay the social insurance for all employees as soon as possible, including the employees of each branch factory.

Li Mingde has not yet realized the benefits of paying social security, that is, the pensions of retired employees will be borne by the state instead of enterprises. This can save Bingcheng Machinery Company a large amount of money.

This is because social security payments have been compulsory this year, and employees who have recently retired can pay a one-time payment and still enjoy retirement wages normally. Of course, this money is made up by Bingcheng Machinery Company, not the individual employees.

After Li Mingde announced the news, the employees of the company became more motivated. Although they have always said that they believed in the company and Li Mingde, everyone was still worried. The nature of the company had changed. What if the company no longer bears his pension? What to do?

Well now, the country assumes, and they don't have to worry about it anymore.

The speed of Bingcheng Machinery Company is among the fastest of all large enterprises. And some business leaders who didn't see it clearly are still procrastinating. They want to wait until the end of the year to check and pay, but they never thought that late payment will also require a late fee. certainly. The overdue fee is similar to the bank interest. If the money is used for an extra year, the profit it can create is far more than the bank interest.

But Feng Yu's company. No need at all, the funds have always been very sufficient. If Bingcheng Machinery Company wants a loan, it is guaranteed that all the bank presidents in Longjiang will come to Li Mingde's office and offer various preferential terms.

In the past two years, because the task of lending money was very heavy, their loan approval procedures were simplified a lot in private. In order to complete the task.

The task has indeed been accomplished, and many banks have even exceeded their quota. But it has also caused a series of problems. The most common one is that many companies or individuals who borrowed money have no ability to repay the loan at all!

This caused the bank to have a large number of bad debts and bad debts, which caused the bank to suffer unplanned losses.

As for the loan to Bingcheng Machinery Company, there is no such worry at all, because everyone can see the profitability of Bingcheng Machinery Company, and all products. They are sold well in China and even exported to Russia.

Taking a step back, even if Bingcheng Machinery Company is unable to repay the loan, the auction of the company's assets can also allow them to earn back. It's a pity that these people took the initiative to find 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, it will dilute the shares in the city, such high-quality shares. The city definitely doesn't want to be diluted anymore. There is another way, that is the city.

Since the mainland stock market boomed in the past two years, many companies have started to go public in order to obtain funds for development, and the most successful representative is Changhong.

Changhong is ready to market. Moreover, Feng Yu knows that after the Changhong market, the stock price will go up all the way, and a large amount of funds will be raised by issuing stocks, so that Changhong will have more funds to expand the factory production line, more funds to invest in research and development, and more funds to carry out research and development. Advertising and so on.

At present, Changhong has gradually become the leader in domestic TV sets, and no other company can see the opportunity to shake its position.

And the leaders of the province and city where Changhong is located have also begun to publicize Changhong a lot, because this is also a large political achievement. How could they not take advantage of such a profitable brand-name company in their territory?

But Feng Yu remembered that it was a good time for Changhong in the past two or three years, because there would be a major mistake in Changhong's business decision-making.

Changhong believes too much in 21-inch color TVs, thinking that this is the mainstream of the market. Looking at it now, 21-inch is indeed the mainstream of the market, and Changhong is indeed leading the country in this area of ​​technology. At least their production cost is the lowest, and even many large foreign companies have low production costs.

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 doing big things, and the market The demand is also in this direction.

At that time, Changhong still insisted on making 21-inch color TVs, and the production capacity still did not drop, which led to a large backlog of products, which could not be sold at all.

This has also become a turning point, allowing Changhong to gradually become the second, third, and fourth from the leader of domestic TV sets, and its ranking continues to decline.

Of course, it is not clear yet, at least Changhong will earn money for three years.

The success of many companies has made local governments jealous. They suddenly discovered that enterprises can raise funds without loans and develop rapidly.

Moreover, after the market, the stock price rises, and the company's market value also rises, so a large enterprise will appear on their site. A company with a market value of 100 million may become 300 million after the market, which is a bit of a blowout.

During my term of office, there were xx municipal enterprises in our city, xx enterprises with a market value of more than 100 million yuan, and xx enterprises whose assets doubled. The leader saw that this man is a good hand in economics. In the period when the whole country pays attention to the economy, if he is not promoted, who should be promoted?

As a result, various municipal enterprises began to appear in large numbers, and many enterprises actually did not meet the municipal standards at all. But it doesn't matter, with the help of the local government, and now there are many loopholes to exploit, a large number of companies have begun to go public. Last year, the number of companies listed last year was more than ten times that of the year before.

There is no lack of after the market, indeed, the benefits are getting better and better, and the stockholders have also made money. But there are also many companies whose stocks cannot be sold after the market. There are also some companies that raised a sum of funds in the market, but the funds disappeared, were taken away by the local government, or were lost by the leaders of the companies. Filled the hole.

But in any case, municipal enterprises are recognized by the local government as a manifestation of political achievements. They all want to have more such enterprises in their own territory.

So Li Mingde was also called by the leader to talk, asking Bingcheng Machinery Company to buy!

Li Mingde called Feng Yu today, one was to report work, and the other was to ask for help. (To be continued.)

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