Chapter 319 Company Meeting
Chapter 319 Company Meeting
Guangzai said in a muffled voice, "Grandpa, the Tseung Kwan O branch has received an income of 1,373,500 dollars this month, and the amount paid out is 824,100 dollars."
Baizhishan Yaohui picked up a suitcase and handed it to Gao Laosen who came to withdraw money.
Fat Cat nodded and said, "Next!"
Lao Mo had just finished his tea, put down his cup, and said with a bit of pride, "Yau Ma Tei is 2,760,000, and the payment is 1,650,000. Ah Qiang, give me the money."
Chukou Qiang picked up a travel bag with both hands and handed it to two gang brothers with some difficulty.
Zuoshou cheered, "Brother Mo, you've made a fortune. Your monthly payment is over a million."
According to the rules of the society, if the gang sells six out of ten shares to a company, forty percent will go to the gang.
But that was the way of division when we were expelling the Tartars and fighting the Japanese invaders. After entering the 1950s, AB accounting became the mainstream, and the number handed over to the associations generally remained at 30%.
A strong boss can receive 35% of the profits, while a weak boss cannot even maintain the signboard of his hall.
Who dares not to hand over all of it?
Fat Cat used to charge 35%, but as his number of branches grew and the profits became thicker, he quietly changed it to 30% to respect the big guys who were working hard outside.
Lao Mo smiled and clasped his hands together: "Thanks to the Marshal's care, the additional parking spaces have been marked. Just from valet parking alone, the hall earns an extra 800,000 yuan per month."
"My brothers and I all benefited from the society, from Grandpa and the Second Marshal."
Yin Zhaotang put down his teacup and said modestly, "Brother Mo, it's all because of our brothers who risked their lives."
"Next one."
Fat Cat's tone was neither salty nor bland.
It's really a waste of time to flatter each other at club meetings.
Jiang Hao, Zuo Shou, Sha Tau Tsai, Da Jun, Jie Shi Yong, one after another submitted their accounts. Among the seven branches of the company, the three branches in Yau Ma Tei, Mong Kok, and Wan Chai had submitted accounts exceeding one million.
The remaining four gangs all paid more than 500,000 yuan.
In one month, the company collected more than 7 million yuan in accounts receivable, plus dividends from several companies including Pegasus Sneakers and Zhongji Construction, the actual income reached tens of millions.
Gao Laosen smiled from ear to ear, and sitting beside him, he said: "This year the company is in better shape than in previous years. Young people, work hard. The company depends on you."
Last year, the company went to war, but my uncles' pensions didn't increase. This year, even if there is a war, they can increase five or six times, or even ten times.
The uncles were all very satisfied with this year's candidates. In the martial arts world, Lao Zhong's candidates were the most famous in the past twenty years.
A company with a monthly profit of 10 million is definitely considered a large company in Hong Kong Island.
But if we count the company's employees, including Blue Lanterns, there are more than 13,000 people, so the average output value is not exaggerated.
Compared with the financial industry and real estate, it is even pitifully low.
However, a portion of the money had been taken by the big guys in the gang, and the actual income of Lao Zhong's entire gang had actually reached more than 15 million.
It is no problem for him to be among the top ten in the Hong Kong Island community, but his foundation is shallow, and he can only be ranked eighth or ninth at most. Because, being a fan in a community can greatly increase income. Without this income, Lao Zhong's income from the black industry has declined.
Yin Zhaotang privately investigated Lao Zhong's industrial structure and made a rough assessment: Lao Zhong's regular business output value has reached 30%, mainly consisting of sneaker stores, entertainment industry, valet parking and chess and card rooms.
Gray industries account for 60%, mainly smuggling, gambling, and horse racing, while black industries account for 10%, mainly selling stolen goods, arms, and money laundering.
According to information disclosed by Daquanlong, the industrial structure of Xinji is less than 10% legitimate, 50% gray and 40% illegal. With the illegal industry accounting for only 10%, the monthly output value of the association can reach 15 million Hong Kong dollars.
Marshal Sanshan, well deserved the title!
Of course, in addition to personal efforts, historical opportunities must also be considered.
If Yin Zhaotang were reborn in Cambodia, Myanmar or Laos, no matter how business-minded he was, he would only be able to sell goods through human flesh.
In addition there are 91 companies, Zhonghe Electronics Factory, etc.
Industries from which the association does not participate in the distribution of dividends are not included in the output value.
The money has been deposited.
Fat Cat supported the dragon head stick with both hands and said in a gentle voice: "If the gang needs help from the company, please speak up."
Guangzai put out his cigarette and spoke first: "Grandpa, I want to open a canning factory in Tseung Kwan O to produce canned sardines."
This idea immediately attracted Gao Laosen's question: "Guangzai, is there any problem with the seafood market?"
The seafood market in Tseung Kwan O was once Lao Zhong’s main source of income, but as Lao Zhong’s gangs expanded from three to seven, the monthly revenue increased from hundreds of thousands to several hundred thousand, and then to over one million.
The seafood market is gradually becoming less important.
Guangzai replied, "Don't worry, Uncle Sen, there is no problem with the business in the market. But the gang has no future if it only relies on the market. I discussed with Yin Sheng for several months and finally decided to spend money to set up a canning factory, introduce canning production lines from Taiwan, and sell them to the mainland to see if we can open up a way to make money."
Fat Cat turned his head and looked at Yin Zhaotang: "Atang, did you decide?"
Yin Zhaotang puffed out smoke and answered slowly, "Yes. I have discussed it with Brother Guangzai several times and I think the canning factory is the most promising, but I can't guarantee whether it can make money."
Fat Cat nodded slightly: "Since you have discussed it, Guangzai, just go ahead and do it."
“If there is not enough money to build the factory, the company will pay for it.”
Tseung Kwan O was not rich to begin with. How much money could the gang make from a few seafood restaurants and a seafood market? If Kwong Tsai wanted to develop Tseung Kwan O, he had to find another way to make money.
But even building a small canning factory would cost millions of Hong Kong dollars.
Guangzai may have millions of dollars in assets, but he certainly doesn't have the ability to spend it all in one go. He would rather divide up his shares and let the society come in than take the risk alone.
After getting his grandfather's nod, he looked at Yin Zhaotang with gratitude. Without Yin Zhaotang's endorsement, his grandfather would definitely not pay the money so easily.
Yin Zhaotang smiled back with a calm expression, and decided to give half of the 10% of the shares Guangzai sent to honor Grandpa. The sardine products of Taiwan Island are actually quite good and are quite popular in Europe and coastal areas of China.
With the seafood market in Tseung Kwan O, the restaurant has supply chain advantages.
The success rate of entrepreneurship is more than half, and the remaining half is due to business and management problems.
But if you want to make a difference in seafood distribution, it’s best to save some time.
Because marine fisheries have always been the main economic pillar of Hong Kong Island in its early years, the Hong Kong government has set up a total of 7 distribution centers in Cheung Sha Wan, Aberdeen, Shau Kei Wan, Kwun Tong, Sai Kung and other places.
It is a medium to large-scale shelter, and there is a temporary market set up by boatmen at the dock. It does not even have regional monopoly and cannot compare with the To Kwa Wan Vegetable Market and Cheung Sha Wan Poultry Market.
Jiang Hao put out his cigarette and said, "Boss, Grandpa, I want to lead my brothers to Temple Street."
This Chaozhou Gang god of war rarely speaks at community meetings, but his words really shock everyone. His ambitions are so huge that the big brothers present all looked at him sideways and their faces changed slightly.
(End of this chapter)