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Chapter 202 Distribution of Profits

"Hello."

"Hello."

The two little brothers greeted Feng Xiaochen in German at the same time. After saying that, the two of them felt that the coincidence was too interesting and couldn't help laughing together. Feng Xiaochen also laughed and cursed with a smile: "I know how lazy you are, so you won't say anything complicated?"

"They have no problem with the language of daily life. It takes a while for them to practice German that is too complicated. With the foundation of them, it is already very good to be able to learn this level in half a year." Chen Jinqun explained to them both.

Feng Xiaochen had no intention of taking the school further. After hearing what Chen Jinqun said, he let them go and said to Chen Jinqun: "Master Chen is troublesome. These two children are quite naughty, right?"

"Everyone is not naughty or naughty, they are very sensible." Chen Jinqun replied.

Hearing Feng Xiaochen's old-fashioned words, Feng Lingyu and Feng Lintao looked at each other and made faces with each other. The meaning was that Feng Xiaochen himself was only three years older than them, and he even called them "children" shamelessly, and he really regarded himself as his leader.

After the welcoming ceremony, the middle-level cadres went back to their posts. Yang Haifan left Chen Jinqun, He Xuezhen and Zou Fuqing, and asked them to go to their office together to hold a company management meeting with Feng Xiaochen. Feng Li had not participated in the company's management before, so he naturally would not join in the fun. He asked He Xuezhen for the key and went back to their residence in the company first.

"In the past six months, the company's main job has been to restore the original production capacity of Philo Company. In terms of this, Perman played the greatest role, and in addition, it was Teacher Yan Baitong and the graduate students he brought. We spent nearly two months mastering the use of most equipment. Teacher Yan and General Manager Chen translated some process documents.

Since August last year, we have produced 12 bearings with a total output of 3,200, and sales in the European market are US$270,000. After deducting imported steel, the net foreign exchange income is US$200,000. The Provincial Foreign Trade Bureau settled foreign exchange with us at a comprehensive price of 3.4 yuan, and our total revenue is RMB 700,000.

In addition, we also sold some bearings in the domestic market, with a total revenue of about 40,000 yuan. The two items totaled RMB 740,000. The detailed accounts were all in Manager He.”

When Yang Haifan said this, he gestured to He Xuezhen. He Xuezhen nodded to Feng Xiaochen, indicating that what Yang Haifan said was the truth.

Yang Haifan continued: "The domestic cost is mainly wages, materials, water and electricity and other management costs. There is no detailed settlement yet. The big number should be around 220,000 yuan. We currently have 120 employees, among which the wage standards of retired workers hired from Pujiang and Zhongyuan provinces are relatively high. The salary expenditure for the past 10 months is 160,000 yuan."

"In this way, our gross profit in the past 10 months is about 500,000 yuan?" Feng Xiaochen asked.

"That's true for big numbers." Yang Haifan said.

Zou Fuqing, deputy manager in charge of production, said: "It's said it's 10 months, but in fact it's only more than 5 months for production. Everyone was studying and installing equipment, which wasted a lot of time. At first, the masters from Pujiang learned how to use CNC machine tools. Later, the masters from Zhongyuan Province came over and took more than a month to get started. They are not very skilled yet. After everyone's skills are proficient, it is possible that our annual profit will double."

"I have no doubt about this." Feng Xiaochen said with a smile. It is not easy to move a factory from Germany to resume production in such a short time, and have a profit of hundreds of thousands. He fully believes that when production is on track, the company's profits should be much higher.

"Director Feng, what are the considerations of Philo Company regarding the distribution of profits?" Yang Haifan asked Feng Xiaochen. This was the preface they had originally said. Feng Xiaochen came to the meeting as the spokesperson of Philo Company, and his opinions would be considered to be the opinions of Philo Company. Among them, He Xuezhen knew the inside story, and Yang Haifan could guess the real situation. As for Chen Jinqun and Zou Fuqing, their status was more marginal, and they would not talk too much about this issue, just pretend to believe this statement.

Feng Xiaochen said: "First of all, what I calculated just now is just gross profit, and a part of the depreciation needs to be deducted. The depreciation ratio of equipment can be lower, but the depreciation of patented technologies needs to be calculated higher, because these technologies will be outdated in up to another five years. Before these technologies are outdated, we must invest enough funds to develop new technologies."

"Professor Yan has done a lot of work in this regard," said Chen Jinqun. "There are several improved products he designed that are very popular in the European market."

Feng Xiaochen said: "This requires a proportional share of the technical share to Teacher Yan, and leave it in the company's account first, and then distribute it to him after the policy is looser. The money must be considered as the payable and cannot be regarded as the company's profit."

"I understand." Yang Haifan wrote a note in the notebook. Feng Xiaochen only put forward a principled opinion. In detail, the proportion of the technical sharing required Yan Baitong to be divided into, and it still needs to be calculated carefully.

Feng Xiaochen continued: "Haifan and Tongchuan County will discuss the remaining profits. Feiluo Company's opinion is to use 50% of them as additional investment for both parties to expand and reproduction, and the other 50% are used for dividends."

"If you calculate this, the dividend is about 200,000 yuan, while Philo Company earns 70%, which is 140,000 yuan; Tongchuan County earns 30%, which is 60,000 yuan." Yang Haifan said. After saying that, he added, "Based on my understanding of Secretary Fan and County Magistrate Xiong, they should be able to accept this plan. 50% of the profit is still rotten in the pot of Tongchuan County, and they will not object. Besides, being able to pay 60,000 yuan in profits to the county in half a year is much better than the past agricultural machinery factory, and the county should be satisfied."

"Okay, you will discuss this matter with Secretary Fan and the others." Feng Xiaochen said. He was also a little helpless. In order to cover up his eyes, he had to adopt a Sino-foreign joint venture method. Therefore, in such a situation involving profit distribution, Tongchuan County must be considered. Although from the perspective of equity structure, the Philo Company represented by Feng Xiaochen has the right to make decisions, joint ventures always have to consider the opinions of both parties, and he cannot make arbitrary decisions.

After talking about profit, the next thing was to talk about production and technology. Zou Fuqing and Chen Jinqun gave a report respectively. Feng Xiaochen listened very seriously and interjected from time to time. From the reports of the two, Feng Xiaochen felt that the company's production and technical work was still very good. The apprentices recruited in were still a long way from getting out of the army, but the masters recruited from Pujiang and Zhongyuan Provinces were all very good and had a very enthusiastic work. They were able to master the operation of CNC machine tools in such a short time. Zou Fuqing and Chen Jinqun also told several cases respectively, which were all about how old workers studied technology day and night, which sounded quite touching.

"I feel that it's time to give you some year-end bonuses?" Feng Xiaochen suddenly had a whim.

"Of course, it should be released." He Xuezhen agreed. She regarded Chenyu's company as her own company. She always felt that the old workers with gray hair worked so hard every day, which made her very embarrassed.

According to Feng Xiaochen's calculation just now, the company can distribute 140,000 yuan of dividends to Philo Company this year, but He Xuezhen knew that this Philo Company was false, and this 140,000 yuan is actually the income of the Feng family. His family did not do much work, and he could get 140,000 out of thin air. If those retired workers did not even have a year-end bonus, He Xuezhen would be a little sad.

Feng Xiaochen knew what his mother was thinking. He smiled and asked, "Mom, then how much do you think should I send it?"

"One old worker is 80, and one apprentice is 40, what do you think?" He Xuezhen said.

"Will there be a little less?" Feng Xiaochen questioned.

"It's a lot!" Zou Fuqing and Chen Jinqun said at the same time. From a personal point of view, they are also rehired personnel, and of course they are very happy to be able to get more year-end bonuses. But they also feel that they have already received a very high salary in Chenyu Company, and it would be a bit greedy to get such a high year-end bonus. At that time, the year-end bonuses in the company were dozens of dollars, and the few dollars were less. He Xuezhen said that each old workers were 80 yuan each, which was already a very kind approach.

Feng Xiaochen does not have this concept of quantity. From the perspective of a time traveler, the year-end bonus of 80 yuan is too mean. In later generations, some units paid hundreds of thousands of yuan, and they only gave them 80 yuan, and the apprenticeships had to be cut in half, which seemed to be detrimental to increase everyone's enthusiasm.

Yang Haifan said: "I think we can just send it according to the numbers mentioned by Manager He. After all, we are a joint venture, so we have to consider the ideas of the county. If our year-end bonus is higher than that of the county party committee and county government, the county leaders may have some opinions."

"Uh...then that's it." Feng Xiaochen was defeated. When it comes to the issue of comparing in the county, he really can't be too willful. The money he used to pay the employees to be deducted from the shareholders' profit dividends. The county also has 30% of the equity, and Feng Xiaochen must consider the meaning of the county.

"Since I've said this, I think the Chinese New Year is coming soon, and we have to be interested in the leaders of several teams in the county." Zou Fuqing reminded.

"This..." Yang Haifan turned his eyes to Feng Xiaochen. Only Feng Xiaochen could make the decision. He did not dare to make a decision casually.

Feng Xiaochen nodded and said, "Manager Zou is right to remind us that we should take care of all aspects of our business in the county. Haifan, you are also familiar with this business. You have to express your business in several teams in the county and the leaders of Dongshan area. As for whom we express and what standards we have, you can just make sure."
Chapter completed!
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