industrial overlord

Chapter 92 Shareholding Cooperative System

In the auditorium of Hanhua Machinery Factory, flags were flying and crowds were crowded. Hundreds of workers crowded in the auditorium, listening to the important news announced by the factory director Chen Weiguo on the rostrum:

"Comrades, today we hold the inaugural meeting of Hanhua Industrial Development Company. From today onwards, the labor service company of Hanhua Machinery Factory will be officially renamed as Hanhua Industrial Development Company, with Comrade Lin Zhenhua as the company manager. Everyone applauds! "

"Wow..." Thunderous applause rang out for a long time, and the loudest slaps were none other than the young workers of Hanhua Industrial. They felt that their lives were about to start a new chapter.

"Hanhua Industrial Development Co., Ltd. adopts the collective cooperative operation method of the labor masses, and the source of funds is collectively raised by the workers and cadres of Hanhua Machinery Factory and Hanhua Industrial Company. Among them, Hanhua Machinery Factory invested in the site and equipment, with a discount of 3 yuan , occupying 30% of the equity. According to the principle of voluntary shareholding, the employees of the company will distribute the other 70% of the equity according to the amount of capital contribution. Within Hanhua Industrial Company, the principle of distribution according to work will continue to be implemented. At the same time, the company’s profits, Distribution is made according to the proportion of capital contribution of each participating party, and there is no upper limit!"

When these words were spoken, it was like pouring a handful of water into a pan of oil, and the whole auditorium suddenly became agitated:

"what!"

"Great!"

"Isn't this becoming a public-private partnership again? Can the state allow it?"

"Don't talk nonsense, didn't you see that there are central leaders from Beijing on the rostrum, as well as the leaders of the Qinghua Department. If the country doesn't allow them, can they sit and not talk?"

"Hey, do you know how much Lin Zhenhua contributed?"

"I know, I know, he paid 3 yuan, accounting for 30%."

"30%? Didn't he become a capitalist?"

"Where did he get so much money? Could it be that he embezzled the company's money?"

"Fuck you, the company doesn't have 3 yuan, and it doesn't make that much money in total. I heard that his money was borrowed from his rich friend."

"Yang Xin, you have become the proprietress, treat me quickly!"

"..."

After Chen Weiguo announced the establishment of the company, he handed over the microphone to Xie Chunyan, the director of the Production Department of the Light Chemical Department.Xie Chunyan didn't say much, but congratulated the establishment of Hanhua Industrial Company on behalf of the Department of Light and Chemical Industry. Her congratulations were regarded as a statement, which meant that the Department of Light and Chemical Industry had approved this bold attempt.

Xie Chunyan was able to make such a statement, naturally because the research group of the Central Party School brought the instructions from the central government. The provincial department was also a little uncertain about this issue. The hall was happy to open the gate to release the water.When Xie Chunyan delivered her congratulatory speech, she carefully considered every word and said her words perfectly. No matter whether this kind of attempt in the future is right or wrong, no one can catch her.

After Xie Chunyan finished speaking, Professor Li Ning from the Department of Economics of Peking University, the chief expert of the research group of the Central Party School, walked to the microphone.

"Hello, everyone!" Li Ning nodded slightly to everyone, and said:
"Just now, Director Xie from the Department of Light and Chemical Industry asked me to give instructions to everyone. I hereby declare that I am not here to give instructions to Hanhua Machinery Factory this time, but to study.

"As soon as I arrived at the factory, I went to visit your young manager, Comrade Lin Zhenhua. When we met, Manager Lin called me Li Stock, which surprised me. I asked him: 'Comrade Lin Zhenhua, why do you call me Li Stock? Well, I don't have that name.'

"Comrade Lin Zhenhua said to me: 'Mr. Li, because you were the first to raise the issue of shareholding in China, you are the originator.'"

The workers below applauded together. Everyone admired people like the founder of the mountain.

Li Ning smiled and waved to everyone, signaling for everyone to be quiet, and then continued:

"I told you Manager Lin at the time: 'I am not the originator of the mountain. The real originator is you, Comrade Xiaolin. We scholars are just learning in the study and making up a joint-stock system. And you, Comrade Xiaolin, , have gone ahead of us, and you have established the first joint-stock company in the modern sense.'

"I said: 'If my name is Ligushi, you Xiaolin should be called Lingushi.' Everyone said, isn't it!"

"Wow..." There was another burst of applause, cheering for Professor Li Ning's witty speech.

Li Ning then introduced the source, model, and advantages of the joint-stock system, giving many workers in the auditorium who did not know much about this system a basic understanding.Teacher Li also informed everyone about the central leadership's criticism of the "Lin Zhenhua Phenomenon" in an indirect way, which dispelled the doubts in everyone's minds, and also let those with ulterior motives who were holding anonymous letters in their hands give up The teeth swallowed silently.

Lin Zhenhua sat on the rostrum, smiling slightly, listening to Teacher Li's eloquent talk, he felt like a spring breeze in his heart.It has been two years since he traveled here, and he finally heard the voice of affirmation from the top management of the central government.He knows that he has successfully taken the first step. Of course, this is only a small step compared to the changes in the national system in the next few decades.

The arrival of the research group from the Party School ended the discussion in the factory on contract fees and shareholding issues.Under the vigorous promotion of Li Ning and He Haifeng, Hanhua Factory submitted a report on transforming the labor service company into a joint-stock cooperative company to the Department of Light and Chemical Industry. Of course, the name can only be called a labor collective cooperation system.At this time, the Department of Light and Chemical Industry has also received instructions from the central government, so it directly gave the green light to release this report.

When discussing the specific share composition, some disputes arose.Originally, Lin Zhenhua hoped that he would have an absolute controlling stake, at least 51% of the shares.However, the leaders of Hanhua Factory disagreed with this, and believed that a collectively owned company could not be fully controlled by individuals.

Professor Li Ning supported Lin Zhenhua's request, but He Haifeng objected.He was worried that Lin Zhenhua would be too ostentatious in doing so and would easily attract criticism.Although there are instructions from the central leadership as a talisman, if he goes too far, the central leadership may also be worried.

Lin Zhenhua accepted He Haifeng's opinion and agreed to only occupy 30% of the shares.The Hanhua factory took another 30%, leaving 40% of the shares to be distributed by the workers in the company.

According to the agreement, for every 1% of the equity, they need to pay 1000 yuan to the company. Few of the young workers can afford such a huge sum of money.In the end, the company agreed that workers who are willing to participate in the shares only need to sign a contract, and the money for the shares will be deducted from their wages every month in the future.Even so, none of the young workers would be willing to obtain 1% of the shares. Generally, they registered a few hundred yuan symbolically, occupying a few tenths of a percent of the shares.

No one knows what Hanhua Industrial Company will develop into, and the young workers in the company are still not at ease.If there is an opportunity to recruit workers into the factory, most of them will not refuse. In any case, state-owned enterprises are the king. If such a large collective enterprise develops, what will it look like?Many people subscribed for the shares out of consideration for Lin Zhenhua's face. Lin Zhenhua is their immediate boss, and they are not good enough to lose face.

Hanhua Company left a large number of unsubscribed shares.Lin Zhenhua chatted with some younger brothers in private. The next day, Peng Shaozhe, Chu Hongyang and Zhao Yongqun submitted applications to the factory one after another, asking each to subscribe for 6% of the shares.Part of the funds they used to buy shares was provided by Lin Zhenhua, and the other part was placed in the company's account and deducted from their wages in the future.

The last straw that broke the camel's back was provided by Yang Xin, who subscribed for 3% of the shares.In this way, Lin Zhenhua's small group has a total of 51% of the shares, achieving the purpose of holding shares.

Lin Zhenhua is not worried about the loyalty of the little brothers.He firmly believes that he can make Hanhua Industrial Co., Ltd. a successful enterprise with assets of several million. At that time, Peng Shaozhe and others will get rich returns for their investment.He has never thought of eating alone, which may be related to his personality. In his previous life, he was very willing to share with others. In this life, he is still such a person.

The funds needed to buy the shares were drawn by Lin Zhenhua from the profits of Xinxin Store.Regardless of the invisible U.S. dollars stored in foreign banks, Lin Zhenhua's domestic assets already have 10,000+ yuan. It is really trivial to spend tens of thousands of dollars to invest in shares.

The price of the labor service company was only 10 yuan, or 1000 yuan per share. This was something Lin Zhenhua hadn’t thought about beforehand. He originally thought that the factory had to calculate the capital contribution to 10,000+. The total assets should be around 30 to 40.Lin Zhenhua's estimate is obviously self-deprecating. From the perspective of the factory, the labor service company is just an empty shell. The factory provides a few acres of land and some equipment when it started, which is not worth much.

Regarding the source of the capital for the shareholding, Lin Zhenhua reported to the factory that he borrowed the money from Qi Zhongmou, while Peng Shaozhe and others claimed that they borrowed the money from Xiong Lijun.Everyone has heard the story of Qi Zhongmou, and also knows that Xiong Lijun has made a lot of money in business, so there is no need to say more on this issue.

Among the leadership of Hanhua Factory, it is not that no one can see the tricks. After all, the relationship between Lin Zhenhua and these people is clear to the factory leaders.However, since no problem can be seen on the large surface, why should the factory leaders interfere.They don't have any psychological barriers to the way of joint stock management, and they are only afraid of policy issues.Lin Zhenhua is willing to build plank roads openly, cross Chencang secretly, and make things seamless. What else can everyone say?

"Wow..." Thunderous applause rang out again, and the meeting entered the last item. Factory director Chen Weiguo presented the wooden plaque of Hanhua Industrial Company to Lin Zhenhua.Of course, this is just a symbolic ceremony, but it means that Hanhua Industrial Company has officially separated from Hanhua Machinery Factory, and a factory within a factory has just made its debut.

Hanhua Industrial Company does not have its own independent site yet, and it still uses the four acres of land allocated by the factory.However, I don't know when, around the company, a circle of iron railings has been built, quietly drawing a clear line with the Hanhua Factory.Now, anyone who wants to enter the Hanhua Industrial Company has to go through its gate. Although it is not necessary to check documents and badges, at least it is not so easy to get something out of it.

The business relationship between Hanhua Industrial and Hanhua Machinery Factory will continue. At least so far, the technical level of the young workers of Hanhua Industrial Company has not reached the level of the old workers in the machinery factory. For products with higher requirements, Lin Zhenhua will have to hire veteran workers in the factory to complete them.Regarding this issue, the two parties also have an oral agreement. After all, Hanhua Machinery Factory is also one of the shareholders of Hanhua Industrial.

Lin Zhenhua took the wooden sign and said some words of thanks and encouragement to the workers in the auditorium, which was regarded as an inaugural speech.Afterwards, everyone on the rostrum walked up to Lin Zhenhua one after another, shook hands with him cordially, and expressed congratulations.

Lin Zhenhua thanked everyone with a smile and bowed one by one.There is no way, everyone is older than him, and his official position is also older than him. He is a genuine junior.

(End of this chapter)