Journey 1995:Non-Stop

Chapter 346 Chen Jian's Happy Event

In early February, Yan Hui made another trip to Chongqing and successfully signed two large orders there, increasing monthly orders by 20,000 units. And this was just the beginning.

If converted into these "items", these companies' monthly usage actually exceeds 5. However, as Mr. Yu said, large companies are quite cautious in their procurement. They mainly focus on evaluating the usage in the early stages and gradually increase their demand later.

To reward Song Zhiyuan, Yan Hui gave him a bonus of 4 yuan. Including the year-end bonus, Song Zhiyuan received a total of 7 yuan.

Zhou Ping also received a year-end bonus of 3 yuan from Yan Hui.

The company's orders continued to rise, and monthly profits had reached over 150 million yuan. With more and more money in the account, Yan Hui had already decided to distribute dividends and bonuses at the end of this year.

Whether it's a lot or a little, a bonus should be given out to give all the shareholders confidence, and he himself should be able to relax a bit.

After thinking for a moment, he took out 200 million yuan of profits and distributed bonuses to the other shareholders. His cousin received 12 yuan, his brother-in-law and Chen Jian each received 160 yuan, and he personally received 16 million yuan.

Even after distributing 200 million yuan of profits as dividends, the company still has more than 100 million yuan in its accounts. Moreover, with the increase in orders, it will soon be able to reach a monthly profit of more than 200 million yuan.

Sometimes, whether a person dares to spend money doesn't depend on how much money they have, but on their confidence in the future. For companies like Yan Hui's, spending money at this time doesn't feel like a burden.

Yan Hui has already contacted a construction team, and the company will immediately begin building the perimeter wall and office building in March when spring arrives.

Heng Hui Chemical has been continuously recruiting. Now, the company has over 100 workers and salespersons combined. The heads of various departments are gradually becoming capable of handling things independently. Yan Hui calculated that this year...
Go home for the New Year!

In recent years, Yan Hui has been busy for various reasons and has not been able to take care of his family. Especially in the last two years, he has been so busy that he has no time for anything else.

“Based on the current business situation, we will probably reach full production capacity in April. If we want to continue to increase production capacity, we will need to work overtime,” Yan Hui told Chen Jian before going home.

"I'm fine on my end. The tech department can now handle two shifts." Chen Jian has already received his bonus for the year, and he's in a very good mood.

A dividend of 12 is not much, but given the company's growth rate, his dividend will increase several times next year.

“That won’t do. You need to keep recruiting. The technical department needs at least 20 people to work in three shifts. If all goes well, you’ll start working overtime in May. You’ll be quite busy then, and your team will have expanded by then,” Yan Hui suggested.

"It's difficult. Our production process has very high requirements. Although the people I trained are only in charge of one step, it's still too difficult." Chen Jian shook his head helplessly. "By the way, have you been keeping an eye on Senior Brother Luo lately?"

“I’ve taken note. Their products are starting to hit the market now. Their distribution channels and scale are better than ours. Their production capacity has caught up with ours, and their expansion speed is also faster than ours.” Yan Hui nodded.

"What should we do then? Should we lower the price?" Chen Jian asked, somewhat worried.

“Their pricing is the same as ours, which means their boss doesn’t want to engage in a price war with us. I calculated it; our gross profit margin is around 45%, while theirs is only around 25%. If you calculate their net profit margin, then ours is two to three times theirs. If we were to engage in a price war now, they wouldn’t be able to sustain it, but our profits wouldn’t be enough either. The market is so big now, there’s no need.” Yan Hui was very satisfied with the current situation. “I’m relieved to hear that, boss. Do you know how much production capacity we can achieve right now?” Chen Jian asked, slightly excited.

"I've done the math. If the factory keeps producing and operates on two shifts, the annual production capacity can easily exceed 100 million, and the net profit can reach about 35 million a year," Yan Hui said, looking at Chen Jian.

Chen Jian also looked at Yan Hui.

The two men just stared at each other without smiling, but the spirit in their eyes was something outsiders couldn't comprehend.

"Mr. Yan, there's something else I need to tell you. My wife is pregnant," Chen Jian said.

"Oh? That's great news! In that case, we'll keep her salary and allowances as usual, and let her go back to rest. She shouldn't stay in the lab anymore." Yan Hui was also very happy to hear that.

Chen Jian is 35 years old this year. Both he and his wife are not young. The pressure of their experiments in recent years has been too great, and the couple has not dared to have children. This year, with the construction and production of the factory, Chen Jian finally felt relieved.

People are sometimes not afraid of being busy, but afraid of not seeing the future. Chen Jian has always had a dream, and at this moment he has finally realized his dream.

According to the company's situation, starting next year, his annual dividend will be over one million, and this is only for 2007. Chen Jian knows that the only limitation on President Yan's development is funding. With funding no longer a concern, the company's development will continue. After so many years of working together, he has full confidence in President Yan.

It's fair to say that if Yan Hui hadn't consistently given him confidence, he would never have been able to accomplish this.

“It’s alright. Our experiments are conducted in strict accordance with environmental protection standards. Our workshop is several orders of magnitude cleaner than an average person’s home. Let her stay here with me. She can go back when she’s six or seven months pregnant,” Chen Jian said.

"No way, I don't care about all that. Here's the deal: your sister-in-law's salary for the next year, 10 yuan, will be paid out directly by the finance department after the New Year. She can rest if she wants, and hang out with her girlfriends if she wants to. I don't trust her here, and neither do you! I've already spoken to Li Pengfei; he'll get you a car and a driver this April. The car will be an Audi A6; you can use it as you please. But you have to stay glued to the lab. As for your wife, you'll have someone else take care of her." Yan Hui essentially gave the order.

"Well," Chen Jian sighed helplessly, "Alright then. But isn't an Audi A6 a bit too extravagant?"

"Alright, alright, the fare is only a few yuan, but I doubt you'll have time to ride anyway, so let your wife ride. Once the car arrives, you and the driver can go home for a couple of days, and you can take good care of your wife. I'll give you two days off then." Yan Hui took out his phone and checked the time. "I have to go home for Chinese New Year this year, so you keep an eye on things here."

"Don't worry, Mr. Yan, the factory is my life." Chen Jian nodded.

He's about to become a father, and more than anyone else, he hopes Heng Hui Chemical will thrive.

Yan Hui patted Chen Jian on the shoulder, then turned and left.

(End of this chapter)