Chapter 454 - 208: Inspiring Hearts

Chapter 454: Chapter 208: Inspiring Hearts

Finance Department Manager Ye Meijing was responsible for presenting the final financial report.

She smiled and said, "After factoring in the 3.2 billion yuan loss from Hero Dairy and adding the 500 million yuan in stock dividends from United Mining Company, then deducting all taxes, the company’s final net profit for the year is 9,225,148,801 yuan."

CLAP CLAP CLAP...

When the number 9,225,148,801 appeared on the big screen, everyone spontaneously broke into celebratory applause.

As for Xinkangle Medicine and Hailufeng Real Estate, those two were independently operated enterprises. They had no direct equity relationship with Hailufeng Agricultural Technology Company; the only connection was that Jiang Miao was the controlling figure of all three.

Therefore, the financial performance of those two companies did not need to be announced at Hailufeng Company’s annual summary meeting.

The reason Hailufeng Company only paid a 12.4% tax rate this year was due to various tax deductions and exemptions.

Hailufeng Company did not engage in excessive tax avoidance; it paid all its dues, which still amounted to a tax payment of 1.3 billion yuan.

Furthermore, other taxes, such as those from real estate transactions and vehicle purchases, were not eligible for deductions. However, these had already been factored into the initial costs.

In reality, the taxes generated directly and indirectly by Hailufeng Company this year totaled no less than 4 billion yuan.

When Ye Meijing finished her report, Jiang Miao finally stood up and said slowly, "I am very satisfied with our performance this year. I hope everyone will continue to strive for excellence next year. I’ll cut to the chase: the dividend for virtual stock this year will be one yuan per share."

CLAP CLAP CLAP...

In an instant, thunderous applause erupted throughout the conference room.

With the exception of a few executives who had recently joined and had not yet met the one-year requirement, all the other department manager-level executives held over 100,000 virtual shares.

For instance, Zhang Xincheng currently held 2.44 million shares, and Lü Weibin held 480,000.

Meanwhile, assistant manager-level executives typically held between 50,000 to 80,000 shares.

Jiang Miao looked to Wang Haichen, the Manager of the Equity Management Department. "Haichen, announce this year’s virtual stock allocation."

"Of course, Boss." Wang Haichen nodded, then stood up and had his assistant open the PowerPoint presentation.

He said with a smile, "This year, our company allocated virtual stock to 1,406 new employees, bringing the total number of recipients to 1,852. A cumulative total of 87.01 million virtual shares have been allocated, with a planned dividend payout of 87.01 million yuan."

Based on a total of 10 billion shares, this allocation of virtual stock accounted for only 0.87%.

But the company executives were well aware that the company and the boss wouldn’t distribute all the virtual stock at once.

The current pool of distributable virtual stock was set at 500 million shares, which was 5% of the total share volume.

Only after this distributable pool was exhausted would Jiang Miao allocate another portion from his own personal shares.

This was the fundamental reason why the total dividend payout seemed relatively small.

To ensure future employees would also have virtual stock to receive, Jiang Miao naturally had to control the initial distribution rate. If he gave out hundreds of millions of shares at once, the distributable pool would be quickly depleted, which would in turn hinder the company’s development.

The executives’ stock holdings had more or less stabilized. Going forward, the growth of their share counts would be minimal. Unless they made a major contribution or achieved a significant technological breakthrough, the company would not be awarding tens of thousands of shares at a time anymore.

Everyone found this allocation result acceptable.

After all, management at Hailufeng Company was relatively straightforward. The company didn’t need its executives to be exceptionally brilliant—it just needed them to follow procedures and effectively execute the plans laid out for them.

Even the researchers in the Technology Division privately felt that Jiang Miao was too good to them. After all, for over a year, they felt they had mostly been ’just going through the motions’ and hadn’t produced many results.

However, the work of these researchers was not as worthless as they themselves believed.

For example, refining and improving the technological breakthroughs made by Jiang Miao and Lin Shuya, adapting them for industrial production and large-scale implementation—all of this was the work of the Technology Division’s researchers.

The reason they labored under the misconception that their work was ordinary was mainly because their own achievements paled in comparison to those of Jiang Miao and Lin Shuya.

It couldn’t be helped.

Jiang Miao and Lin Shuya’s accomplishments were so dazzling that, on a global scale, they would eclipse 99.99% of all other researchers.

No wonder the researchers in the Technology Division felt so inadequate in comparison.

After Wang Haichen, Manager of the Equity Management Department, finished his presentation, the heads of the other departments took turns going up to deliver their own annual summaries.

Finally, Jiang Miao stood up again. "Everyone has worked hard this year. As a reward, I’m announcing that all company employees will receive a year-end bonus equivalent to two extra months’ salary."

CLAP CLAP CLAP... Everyone burst into applause once more.

The two-month bonus was intended to balance the income gap between new and veteran employees, preventing the overall disparity from becoming too large.

After all, veteran employees received stock dividends. With this year’s dividend at one yuan per share, even a regular employee could get a bonus of four to five thousand yuan.

Thus, while the year-end bonus was originally planned to be one extra month’s salary, Jiang Miao generously decided to add another month for everyone.

At that moment, Li Zixuan and a few employees from the secretarial department were filming Jiang Miao’s speech. Later, once it was edited, they would distribute it to the various company group chats so everyone could share in the joy.

Jiang Miao did not sit back down. Instead, he continued,

"Now that we’ve covered the rewards, let’s move on to the punishments."