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

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 they should pay.

As soon as the regulations were confirmed and announced, Feng Yu asked Li Mingde to sign a contract with all employees immediately to calm their hearts so that they would not think too much.

Li Mingde said that it was not necessary, and everyone in the company believed in Feng Yu.

Feng Yu knew that Li Mingde was flattering. The company's people believed more that Li Mingde was Li Mingde. But he still required that he must sign a contract with everyone as quickly as possible, and explain the terms of the contract to everyone, and not conceal it or clarify the relationship between rights and responsibilities.

In addition, Bingcheng Machinery Company must pay social security to all employees as soon as possible, including employees of each branch.

Li Mingde has not realized that the benefit of paying social security is that the pension of retired employees will be borne by the state in the future, so there will be no need for enterprises to bear it, which can save a lot of money for Bingcheng Machinery Company.

Because social security is required to be paid this year, employees who have relatively close retirement hours can pay one sum at a time and still enjoy the retirement salary normally. Of course, this sum is compensated by Bingcheng Machinery Company, not employees.

After Li Mingde announced the news, the company's employees became more motivated. Although they have always believed in the company and Li Mingde, everyone is still worried that the nature of the company has changed. What if the company no longer bears its pension?

Now that the country has taken responsibility, they have no worries anymore.

The speed of Bingcheng Machinery Company is the fastest among all large enterprises. Some corporate leaders who have not seen it clearly are still dragging it. They want to delay until the end of the year and then pay it, but they never thought that delaying payment also requires late payment fees. Of course, late payment fees are similar to bank interest. If this money takes one year to create a profit, it is far more than the bank interest.

However, Feng Yu's company is not needed at all, and the funds have always been very sufficient. If Bingcheng Machinery Company wants to make a loan, it will ensure that all bank presidents in Longjiang will squeeze into Li Mingde's office and give various preferential conditions.

In the past two years, because the loan task was very heavy, their loan approval procedures were simplified privately, just to complete the task.

The task was indeed completed, and even many banks exceeded it. But it also caused a series of problems, the most of which were that many companies or individuals who had loaned were unable to repay the loan at all!

This has caused a large number of bad debts and bad debts to occur in banks, causing unplanned losses.

There is no such concern at all when lending to Bingcheng Machinery Company, because everyone sees the profitability of Bingcheng Machinery Company, and all products are 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, the auction of the company's assets can still make them profit. Unfortunately, these people took the initiative to find Li Mingde many times, and Li Mingde said that Bingcheng Machinery Company does 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 will definitely not want to be diluted anymore. There is another way, that is, 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 the more successful representative of them is Changhong.

Changhong is ready to go public. And Feng Yu knows that after Changhong goes public, the stock price will rise all the way. He raised a large amount of funds by issuing stocks, allowing Changhong to have more funds to expand the factory production line, more funds to invest in R&D, more funds to advertise, etc.

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

The leaders of the provinces and cities where Changhong is located have also begun to promote Changhong a lot because it is also a major political achievement. In their territory, such a well-behaved brand enterprise has emerged. How can they not use it?

But Feng Yu remembers that Changhong is the best time in the past two or three years, because Changhong's business decisions will make a major mistake.

Changhong believes too much in 21-inch color TV and believes that this is the mainstream of the market. Now, 21-inch is indeed the mainstream of the market, and Changhong is indeed leading in China in this regard. At least their production costs are the lowest, even lower than that of many large foreign companies.

But in two years, TVs will develop in a big direction. At that time, TVs such as 25 inches, 29 inches, 32 inches, 34 inches, or even 42 inches will continue to appear. Various TV manufacturers are all moving towards big, and market demand is also in this direction.

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

This also became a turning point, allowing Changhong to gradually become the second, third and fourth in the domestic TV series, and his rankings continued to decline.

Of course, it is not obvious now that Changhong will make money for three years at least.

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

Moreover, after listing, the stock price rises and the company's market value will also rise, and a large company will appear in their territory. A company with an original market value of 100 million may become 300 million after listing, which is a boast of some above.

During my term of office, listed companies appeared in our city, including xx companies with a market value of more than 100 million yuan, xx companies with doubled assets, and xx companies with a company with a doubled asset. When the leaders saw that this economy was a good master. In a period when the whole country attached importance to the economy, who would he promote if he didn't promote it?

As a result, various listed companies began to appear in large numbers, and many companies actually did not meet the listing standards at all. But it doesn’t matter, with the help of local governments, and now there are many loopholes to be exploited, a large number of companies have begun to go public. The companies listed last year were more than ten times that of the previous year.

There are many of them that have indeed improved and the benefits have become better and better after listing, and investors have made money. However, there are also many companies whose stocks cannot be sold after listing. Some companies raise funds after listing, but the funds disappear, are taken away by local governments, or are lost by corporate leaders, and some simply fill in the pit.

But no matter what, listed companies are recognized by local governments as a reflection of political achievements. They all want to have several such companies in their own territory.

So Li Mingde was also called by his leader to have a conversation and asked Bingcheng Machinery Company to go public!

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