Daming Town Haiwang

Chapter 1159, Annual Report

On the third floor of the Tianjin Stock Exchange, Huang Jinquan, the person in charge of the stock exchange, stood beside Liu Jin respectfully.

He is also an official of the fifth rank now, an official under the jurisdiction of the Ministry of Households.

The Tianjin Stock Exchange is under the jurisdiction of the Ministry of Household Affairs. According to the system of later generations, the level of the stock exchange is quite high, and the level of officials of the fifth rank is not enough.

But this was Daming, and everyone didn't have a deep understanding of the importance of the stock exchange, so the court didn't pay much attention to it. After all, in Daming, they didn't pay much attention to commercial matters.

For a long time, scholars have been very noble, and they don't care about things stained with yellow and white things, and they are even ashamed to do such things, even if they are officials.

Like the former Household Department, there was no incentive to collect taxes. The former Household Minister Zhou Jing’s main job was to keep an eye on Emperor Hongzhi’s internal funds. Strongly opposed.

Scholars have always paid attention to light corvee and light taxes, so taxation is naturally not motivated.

Therefore, the level of the department that manages the stock exchange is not high, and the officials of the fifth rank are almost the same.

Liu Jin attaches great importance to the stock exchange, so he also arranged for his own students to manage it.

"Teacher!"

Huang Jinquan said to Liu Jin respectfully.

For Liu Jin, that is respect from the heart. If it weren't for Liu Jin, he would have had to say whether he could be a Jinshi. What's more, the official who has been promoted to the fifth rank in such a short period of time is now in charge of Tianjin Securities. exchange.

"Tianjin Stock Exchange is very important to our Ming Dynasty. It benefits the country and the people, and can promote the prosperity and strength of our Ming Dynasty. You are in charge here. This is a good opportunity. As long as you do it well, the future is limitless!"

Liu Jin looked at his cheap student, and after thinking about it, he warned him.

"Yes, students must keep in mind the teacher's teachings and work hard to manage the stock exchange well."

Upon hearing this, Huang Jinquan quickly replied respectfully.

"Hmm~"

Liu Jin nodded in satisfaction, although the stock exchange seemed to have nothing to do with it, it was not taken seriously by the Ministry of Accounts.

But Liu Jin knows that once the stock market develops slowly and its importance is reflected, the imperial court will pay more and more attention to the stock market, and its level will definitely continue to increase in the future.

As the person in charge here, as long as Huang Jinquan works hard, he will definitely be able to follow suit in the future, and he will definitely be promoted.

"The end of the year is coming soon. Have the listed firms and factories submitted their year-end reports yet?"

After thinking about it, Liu Jin also asked about something serious.

The role of the stock market must be brought into play, this leek must be cultivated well, and dividends at the end of the year are extremely important.

Until now, most Ming people still think that the stock market is a vain thing, and they are unwilling to invest in the stock market, which greatly restricts the development of the stock market.

As for those who invest in the stock market, most of them are rushing to pay dividends at the end of the year. They are not buying and selling stocks like later generations. They are all long-term investments.

Therefore, the year-end dividend of the first year of the stock market is an extremely important matter. This is related to the investment expectations of shareholders, and it is also a major event related to the development of the stock market in the future.

Of course, it is also related to the next listing of the Egyptian Canal.

The scale of the listing of the Egyptian Canal is really too large. Raising [-] million taels of silver in the stock market is a bloodbath. If there are not enough leeks, it may be difficult for the Egyptian Canal to raise enough funds for the listing.

Although there are major shareholders like Liu Jin who have the bottom line, Liu Jin thinks it is better to let the market digest it.

"Master, there are a total of [-] listed stocks, [-] of which have submitted their year-end reports, and [-] of them have submitted their year-end dividends to the exchange. I have also asked people to ask about the rest. Yes, the year-end report will definitely be published before the specified time, and the dividends will be submitted to the exchange.”

Upon hearing this, Huang Jinquan quickly took out a copy of the data and said, "Master, this is the firm that is currently submitting the year-end report. Please have a look."

Liu Jin took the report and read it carefully.

The first one is of course the Beijing-Tianjin Railway Commercial Bank. Because the Beijing-Tianjin Railway Commercial Bank is still building the railway, it only has expenditures and no income. The report submitted is also the expenditure report for the seventeenth year of Hongzhi.

According to this report, the Beijing-Tianjin Railway has already been built for [-] miles, spending more than three million taels of silver, and it costs almost [-] taels of silver to build a mile of railway.

"Sixty thousand taels of silver per mile~"

Liu Jin pondered carefully after reading it.

This cost is still within my acceptable range, and it is higher than I expected. The main reason is that Daming's labor costs are expensive now, and the second is that the rails used for railway repairs are expensive.

Although Daming had some steel factories such as Miyun Iron Works, the output of steel was still far from being comparable to that of later generations, and steel had many functions, and the demand was very strong. No amount of steel was enough to sell, so the price of steel has always been low. It is very high, which also leads to the construction cost of the railway being higher than expected.

"It will be open to traffic in June next year~"

"It's really exciting. This is the scene after the opening of the first railway in Ming Dynasty."

Thinking of this, Liu Jin also laughed.

Because of his own time travel, Daming embarked on a completely different path from before. Many firsts were taken away by Daming, and the first railway in the world was also the same.

Read on.

Changlu Salt Farm is considered an extremely important hen that can lay golden eggs in Liu Jin's hands. When it was brought out to the market, Zhu Houzhao was still a little unhappy.

The year-end report of Changlu Saltworks is also quite beautiful.

The Changlu Salt Field has almost occupied the entire salt industry of Daming. There are salt fields in many places in and outside of Daming. Slowly transformed into major factories, commercial firms, and fishing firms.

Among them, with the development of the marine fishing industry in Ming Dynasty, more and more fish were caught, and they would not be able to finish them in a short time. A large amount of sea fish was used to make salted fish, and the amount of salt used was very large.

In the [-]th year of Hongzhi, the Changlu Saltworks realized a total operating income of more than [-] million taels of silver, and a net profit of more than [-] million taels of silver. It is a hen that lays golden eggs.

The Changlu Salt Farm is going to use [-] million taels of silver for dividends, and the remaining [-] million taels of silver will be converted into capital and used to build new salt fields, increase production, and expand production.

At the same time, according to Liu Jin's instructions, the Changlu Salt Field is also preparing to set up a related research institute to specialize in salt-related things, so as to expand the use of salt and increase production value.

Of course, it is mainly for the research of chemical technology. If the chemical technology related to salt is researched, it will still be very helpful for improving Daming's chemical technology.

"A dividend of [-] million taels of silver is not bad!"

Liu Jin nodded in satisfaction. He listed Changlu Salt Industry in order to make a good start and show some sweetness to the leeks.

The Changlu Salt Farm has higher and higher output, stable sales, and good profits. To be honest, it is definitely a proper high-quality asset in future generations. Under normal circumstances, there is no need to go public.

Tianjin Cement Plant is also an industry under Liu Jin's command, and its performance is also quite good.

The current market demand for cement is very large, and this thing is the most important thing for infrastructure, but now, whether it is the infrastructure of Daming, or the infrastructure of other regions and countries in the world, it is almost zero.

This means that the market's demand for cement is extremely huge, and no amount of cement is enough to meet the market's demand.

Especially on the side of Daming, with the rapid development of Ming Dynasty, the imperial court is doing a lot of infrastructure construction. Whether it is building bridges and paving roads, or repairing promotions, reservoirs, etc., the imperial court allocates a large amount of funds every year. A lot of cement is needed.

In addition, the common people in Daming have money, and building a large number of houses also requires a lot of cement. In addition, Daming has also begun to slowly urbanize, and urban construction also requires a lot of cement.

The huge demand of Ming Dynasty itself, coupled with the demand for cement in overseas countries, all of these made the cement industry develop extremely rapidly.

And it is foreseeable that the cement industry market will still be very hot in the future, and it will last for at least a hundred years.

Tianjin Cement Factory is the first cement factory in Ming Dynasty. It has been expanding continuously. Now it has dozens of branch factories in various places in Ming Dynasty. The annual receivables are more than [-] million taels of silver, and the net profit is also more than [-] million. two silver.

The cement factory is a labor-intensive industry that requires a lot of workers, and Daming's labor is expensive, which is why its profit margin is not high.

However, in later generations, this is still a very scary figure, and the profit margin is also quite impressive.

"It's okay~"

"It is still necessary to use a large number of steam machinery and let machinery replace manpower, so as to improve efficiency and increase profits."

Liu Jin nodded in satisfaction. He still knew the situation of the cement plant very well.

The market demand is huge, and there are many cement factories. In the Beijing-Tianjin region alone, there are hundreds of large and small cement factories, employing a lot of workers, and producing a lot of cement.

"North Korea and Japan actually built cement factories without permission."

"Humph~"

"It seems that it is necessary to protect intellectual property rights. This cement was invented by our Ming Dynasty. It can't just be cheap for the whole world."

"Well, it seems that it's time to have a good talk with people from North Korea and Japan. At least, you have to pay a sum of patent fees, otherwise you won't be able to take advantage of the cheapness. Good things will come out in the future. There are many."

Seeing the content mentioned in the final report, Liu Jin immediately thought about it.

　What do you think?Is not to charge their patent fees?

　　
　
(End of this chapter)