Journey 1995:Non-Stop

Chapter 355 Company Structure Setup (Part 2)

Such terrifying money-making ability made Yan Hui's confidence soar.

At 28, he started from scratch and now owns a company with a market value of approximately 5000 million, and the company's annual net profit can reach an astonishing 4000 million or more.

Anyone with basic business or stock market knowledge knows that Heng Hui Chemical's price-to-earnings ratio (P/E ratio) has reached a terrifying 1.25, and currently, this is based on sustainable revenue. This is an extremely alarming P/E ratio, typically indicating that the company's valuation is severely undervalued. If Yan Hui were to transfer his shares, companies like Wanhua and Dongda would be willing to offer hundreds of millions of yuan.

Furthermore, if my brother-in-law and cousin wanted to withdraw their investment, Yan Hui could immediately buy it back at twice the price. In other words, my brother-in-law and cousin's investment had essentially doubled in just over a year.

As the controlling shareholder with an absolute 80% stake in such a company, it's impossible for Yan Hui not to become arrogant, which is something no one can tolerate.

When we read novels or watch TV dramas, if we see the protagonist acting arrogantly and recklessly, we seem to know something is wrong. Deep down, Chinese people know that keeping a low profile is the right thing to do, and that things are accomplished in secrecy. But that's from God's perspective!

In reality, no man would remain so calm in this situation.

Fortunately, Yan Hui is too busy. Although he has a driver with him every day and drives a BMW, he is still so busy that he doesn't even have time to spend money.

One day in August, Yan Hui heard that his family's house had been built to three stories and would be topped out by the end of the year. He was very happy and immediately asked Zhou Ping to buy him an identical BMW 525Li, which was then delivered across provinces to his home as a means of transportation for his father.

This is roughly Mr. Yan's weekly income.

He was constantly busy, flying around and communicating with various major clients. The number of salespersons had also reached about 40, and Song Zhiyuan had grown rapidly.

At this moment, her younger sister Qinglan finally arrived.

Yan Hui desperately needed someone he could trust to be in charge of the office.

The office doesn't have much power, nor is it a supervisory department, but all the information it obtains is confidential within the company. With his own assistants and office team, Yan Hui can easily control at least one-third of the company's internal information.

Yan Hui didn't plan to appoint his younger sister as the head of the office this time. He wanted her to be his second-in-command, while he had already recruited a more professional person for the top position at a high salary. He wanted his sister to cooperate and supervise him, which would give him complete peace of mind.

After all, his younger sister was too close to him, and if Qinglan became the head of the office, it would be difficult for others to communicate with her. Many family businesses have this problem. At Heng Hui Chemical, Yan Hui does not allow Qinglan's status to surpass that of Chen Jian, Zhou Ping, Song Zhiyuan, and others; otherwise, many things will be delayed or even go in the wrong direction.

Yan Hui had his younger sister follow him for two days, which nearly exhausted Qinglan. Qinglan couldn't believe her brother's workload was so heavy, nor could she believe the company had grown to this size. Her sister had a year of work experience, and the companies she'd worked for were even larger than Yan Hui's, but her position wasn't high. So, when Qinglan learned about Yan Hui's current earning power, she still couldn't quite understand it.

“That’s why we can’t have you as the head of the company’s office. Although our company is only worth 5000 million, we are a company with a future market value of at least 5 million. The person I’ve found this time is a relative of one of the leaders in our district, named Zhang Tiemin. He used to be a leader in the system, and he’s been in business for three years now. You need to show him some respect. In addition, I will arrange two assistants for him, and one assistant for you. He will handle external affairs, and you will handle internal affairs.” Yan Hui communicated with his sister.

"How old is Zhang? Should I call him brother or uncle?" Qinglan's heart raced slightly.

For Qinglan, this job arrangement was already a significant promotion. Although she was a college graduate, compared to her brother's current achievements, her accomplishments were practically insignificant.

"Tiemin is almost 40 years old this year, you can call him whatever you want, but at work, just call him Director Zhang. He's the office director, and you're the deputy director." Yan Hui explained the company's structure and leadership to Qinglan, who quickly took out a notebook to write it down.

“The company doesn’t have a dedicated HR department yet, but your department will be transformed into one in the future. You’ll be in charge of employee onboarding and offboarding. In short, I’ll have someone from the finance department come over to help you set up the company’s HR structure. We also need to discuss a more robust promotion system, especially for workers and sales staff, where base salaries should be linked to job performance.” Yan Hui had countless things on his mind.

Starting a business in the early 21st century was easier than in the 20s. Those who haven't experienced it simply won't understand one important reason why. Back then, the internet hadn't fully taken off, and most people had a vague concept of money. The average person's understanding of money was limited to things like an Audi. Therefore, many smart and capable people didn't have such inflated ambitions.

Under these circumstances, many talented individuals are content with high salaries and high positions within the company, and they are able to continue to grow alongside the company.

However, this situation changed dramatically 20 years later. After 2015, the widespread rise of the internet significantly increased the channels through which intelligent people could access information. Coupled with soaring housing prices, more and more intelligent people were unwilling to remain subordinate to others and wanted to work independently once they had resources, without fully considering the relationship between themselves and the platform. This led to a severe turnover rate in the "middle management" between the top and the bottom levels during this period, resulting in a vacuum in corporate management.

Fortunately, Yan Hui hasn't encountered this problem yet. His subordinates are currently in a state of excitement and are extremely loyal. Of course, Yan Hui hasn't encountered any of the aforementioned issues such as job-hopping, resignations, or even theft of trade secrets during this period.

"As soon as you said you were in charge of human resources, I knew what I was supposed to do. I have no problem with that." Qinglan breathed a sigh of relief upon hearing this. She was afraid of encountering ambiguous job requirements.

“Once you’ve set all this up, I’ll have to focus my energy on other areas,” Yan Hui said, gritting his teeth slightly.

"Huh? This factory isn't enough for you to earn?" Qinglan thought her brother was terrifying. A few million a month wasn't enough?
“It’s not a question of whether it’s enough or not. I was clueless in 2000, but from 2001 to 2007, after the successful bid for the Olympics, the country’s development progressed by leaps and bounds. Such a good opportunity cannot be missed,” Yan Hui had his own blueprint in mind. “The country is carrying out large-scale infrastructure construction, and I must get involved in the steel industry.”

(End of this chapter)