Those Years When I Was Forced to Top the Forbes List

Chapter 235 Issuing Shares, Getting Things Done

5 month 7 number.

I spent a few days at home during the May Day holiday, which was very pleasant. (Not at all.)

"Hey soldier! Come help me pinch off some celery stalks!"

Even the biggest boss has to pick celery when he gets home.

"Wait a minute, I have something to do!" Chen Xuebing waved a document in his hand and shouted towards the kitchen.

"Chen Xuejin! Come on, help Mom pick some celery!"

Since her eldest son was too busy to attend to, Yu Chunyan turned to her younger son.

Chen Xuejin, who was standing next to Chen Xuebing and looking at the documents with great interest, suddenly had a bitter face.

"Mom, I don't want to eat celery dumplings."

"Your brother wants to eat! Your brother is busy, come quickly and help."

Dumplings when she goes out, noodles when she comes home. Seeing that her eldest son, who is increasingly away from home, will be leaving again after only a few days, Yu Chunyan went out early in the morning to buy meat and vegetables, and busied herself making dumplings. She also invited a few neighbors to come and eat together.

"Go quickly, go quickly, you can see it later if you want." Chen Xuebing patted Chen Xuejin and sent his second brother to the front line.

Chen Xuejin was at an age where he was curious about everything new, but with the extraordinary upbringing he received that year and his exceptional learning ability, ordinary things could no longer arouse his strong interest.

The thing in Chen Xuebing's hand was new to him.

"Brother, are you really going to build a huge factory?!"

"Yes, it's already half-built. Study hard, and when you have your summer vacation, I'll take you to Shenzhen to see it. I'll also take you to the University of Science and Technology of China!"

"Hmph, you promised to take me to Shenzhen during winter break!"

“You saw it online, but I was busy then, so how could I take you? This summer vacation, I'll definitely make time to take you.”

"Alright then!"

Chen Xuejin went to the kitchen with a happy smile.

It's much easier to communicate with a smart kid. But with an ordinary child, if you promise to take them somewhere and then don't keep your promise, no matter how you explain it, they'll definitely throw a tantrum.

It's said that Chen Xuejin has been learning a lot of different things this year: calligraphy, piano, Go, and she also likes to watch news and science programs. Now that she has a computer, she also goes online on weekends, which inevitably interferes with her studies. Although her grades are still the best in the class, she has not been keeping up with the higher grades in advance study as she did before entering school.

However, Chen Xuebing also consulted some materials and found that such extremely intelligent and inquisitive children should be bombarded with a large amount of information in their early years to cultivate their ability to think systematically. The stronger their ability to connect subject knowledge, the better they will be when they engage in in-depth learning in certain fields in the future. They will have a broader approach to solving difficult problems and a deeper understanding, break through path dependence, and discover unconventional solutions.

In the future, we should also let him learn some philosophical critical thinking skills so that he can raise and solve problems on his own.

On the other hand, Chen Xuebing also asked his mother to let him do more housework and interact more with the children in the yard, so that his emotional intelligence and life skills could develop in tandem, lest he become a high-IQ monster in the future.

He doesn't dare to improve the family's situation too much now. He has to think carefully about whether buying things for Chen Xuejin will give Chen Xuejin too much of a sense of superiority. The drastic change in the family's situation may also change a child's worldview.

Raising a child is so difficult.

But things are good now. Chen Xuejin is full of interest in life, has an optimistic attitude, and knows how to be considerate of her mother and doesn't spoil her.

In fact, Chen Xuejin's personality development was all thanks to her mother, who wasn't very educated, and she raised her very well.

Hearing the noise from the kitchen, Chen Xuebing smiled and picked up the documents in his hand to examine them carefully.

Planning Scheme for Constructing a Mobile Phone Assembly Plant with an Annual Production Capacity of 50 Units

1. Investment budget (total cost approximately 5000-8000 million yuan)

Factory construction and decoration: approximately 1000-1500 million yuan
A standard factory building of 7760 square meters (including warehouse and office area) is calculated based on the urban industrial decoration cost in the fourth quarter of 2005.

Equipment procurement: approximately 2500-4000 million yuan.

Raw material inventory: approximately 800-1200 million yuan.

The core components, including the screen, motherboard, and battery, need to be stocked for a 3-month period (calculated based on a BOM cost of 100-150 yuan per phone).

Operating capital: approximately 700-1300 million yuan, covering initial expenses such as manpower, utilities, and logistics.

2. Equipment List (Core Equipment Investment)
Three to five fully automated assembly lines integrating welding, assembly, and testing, with a unit price of 1 million to 1.5 million yuan.

SMT placement machine (precision placement of motherboard), 2-3 units, unit price 200-500 million yuan.

Large injection molding machine (shell production), 1-2 units, unit price 150-300 million yuan.

Testing instruments (functional and signal detection), 10-15 sets, 5-10 yuan.

Packaging equipment (mobile packaging and labeling), 2 sets, unit price 30-50 yuan.

3. Staffing (including only additional recruitment: approximately 200-300 people)
Production workers: 150-200 people

Assembly line operator (two shifts, 12-hour system), monthly salary is about 800-1200 yuan.

Technical team: 30-50 people

SMT工程师（5-8人，月薪3000-5000元）、质检员（20人）、设备维护（5人）。

Management and logistics: 20-30 people.

This includes roles such as purchasing, warehousing, and administration, with a monthly salary of 1500-3000 yuan.

4. Factory area planning
Assembly workshop: 4000㎡ (including assembly line and SMT workshop)

Warehouse: 1500㎡ (for raw materials and finished products)
Office space: 500-800㎡

Other: 500㎡ (power distribution room, employee rest area, etc.).

The unused space will be reserved for future planning.

5. Production Targets
Prioritize the production of mobile phones under our own brand.

Secondly, by engaging in low-cost OEM manufacturing (cooperating with second-tier domestic brands and taking orders from Southeast Asia), the factory can recoup its costs in 3-5 years.

Equipment parameters and annotations: ...

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Singularity Technology is going to spend money again.

This is the money a legitimate mobile phone factory should actually spend, but it was only reported after the company had been operating for more than half a year and the main building of the factory was almost completed.

Singularity Technology is indeed quite unconventional; they spent 100 million yuan on research and development before they even started building proper facilities.

With these investments completed, Singularity's mobile phone brand will finally be launched.

……

5 month 8 day.

On his first day at work, Chen Xuebing walked into New York 45 chatting and laughing with a middle-aged man in a white shirt.

Having just survived a calamity, the middle-aged man's usual arrogance had softened, and he was now filled with a sense of warmth and familiarity towards everything around him.

Lu Xiaochun greeted him with a big smile.

"Mr. Kan! Congratulations!"

Kan Zhidong smiled and shook hands with him: "Xiao Lu, you're here too."

“Yes! I was very worried when I heard about your accident! Everything is fine now!” Lu Xiaochun said, looking around in the direction Kan Zhidong was looking, and said with emotion, “A few months ago, we were working on a BOE project here before heading to Guangzhou. I never thought that a few months later, we would be colleagues.”

Despite the turmoil in his heart, Kan Zhidong still hesitated when faced with these words. In fact, he hadn't made up his mind yet.

He had only been released on bail from the Shanghai No. 2 Detention Center for a few days, but his mindset shifted from initial relief to aimless confusion. Although he insisted on his innocence and was determined to defend himself, even if the court found him innocent, this experience would make it impossible for him to work for the government again.

In the short term, he will face an unresolved lawsuit, and it is unlikely that anyone will provide him with financing. No investor would give money to someone who might go to jail.

Should we continue trying to keep the old Oriental Modern Company afloat, or should we go to another company and get a "specialist appointment"?
At this very moment, Chen Xuebing extended an invitation to him, asking him to come to Chongqing.

Chen Xuebing is a friend worth having.

During his second week in the detention center, he received a dozen or so bank statements showing that many friends had sent him money, totaling 16,000 yuan. Among them was Chen Xuebing, who sent him 10,000 yuan.

In the detention center, a leader took good care of him, saying that his former leader, Secretary-General Huang, had asked him to look after him.

As soon as he heard it, he knew it was Chen Xuebing.

True friendship is revealed in times of adversity, and even now, they are not avoiding each other. Inviting him to become the president of Long March Capital, he has to consider whether it will leave a negative impact on them.

Chen Xuebing, however, did not think so at all. The Southern Securities matter was still unresolved before, and he dared not hire Kan Zhidong because he was afraid of too many entanglements. Now that Kan Zhidong was detained and allowed to be released on bail, it proved that the matter was really over. He also verified this with Mayor Huang.

Old Kan is his lucky star.

If it weren't for his timely intervention that day, and if he hadn't swallowed his pride and gone to see Mayor Huang, things wouldn't have gone so smoothly afterward.

He has a wide network of contacts, profound knowledge, and unquestionable management skills. Even if his current judgment is uncertain, with me around, he has no shortage of vision.

The executives he recruited, from Wu Zisheng and Xu Jin to Lu Weibing, Lin Bin, Cai Zhijian, Lu Xiaochun, and even his own uncle, all used their connections and industry resources to help him with many things.

Those resources, which they might not have needed or been able to use before, will only become more and more widely available and easier to use once they have their own platform.

Chen Xuebing was confident that Kan Zhidong's reputation would surpass its former level if he followed him.

"Old Kan, take your time with the lawsuit. I believe in you. Right now, I need people here. Don't you want to do something big and revive our former glory? Stop thinking about it. For the rest of your life, work hard for me. I'll be your deputy. I promise you, if the court really rules against you, I'll keep this position for you. Changzheng Capital will definitely surpass all the companies you've worked for and become the pinnacle of your career."

Kan Zhidong ground his teeth hard with his lower lip, and after a long while, he made a decision.

He put his hands behind his back, looked around, and regained some of his former arrogance.

"Where is my office? It can't be too small!"

"Hahaha," Chen Xuebing laughed loudly, "Old Lu, I'm leaving this to you. Discuss it with the property management and rent a 200-square-meter office for President Kan!"

"Fine, fine, I'll make do for now! We'll talk about it again once you've built your new building!"

I discussed the compensation issue with Kan Zhidong.

Old Kan has helped many private companies over the years, so he's not short of money.

In the 18 billion yuan investment between Changzheng Capital and Hefei, they agreed to give him a management fee of 0.75% (half of 1.5%), which is 1350 million yuan.

Chen Xuebing offered him an annual salary of one million yuan, plus a 2% bonus.

Based solely on the current returns of Long March Capital, it is already an astronomical figure.

Old Kan had no objection, but requested that his profit-sharing rights be converted into actual shares after three years of employment.

After reaching an agreement, Chen Xuebing immediately instructed He Yue to convene a meeting of the group's middle and senior management.

An hour later, the three companies gathered in the conference room, and the Shenzhen conference system was connected.

Apart from Cai Zhijian, who was still in Hong Kong, and Lin Bin, who had not returned, everyone else was present and in high spirits.

Before the holiday, everyone received a large bonus, most people had a ten-day holiday, and those who worked overtime received triple overtime pay. Everyone was in a very good mood during the holiday.

The team is also constantly growing.

Qidian Technology currently has 667 employees in total, including 77 non-formal employees (internships in field sales), 77 formal employees of Gu'an Construction, more than 400 temporary workers, 31 employees of Changzheng Capital, and 15 employees at the group headquarters.

Gu'an Construction has officially absorbed Gu'an Labor Services, Debon Green Building, and Licheng Real Estate to become a group company.

According to management regulations, administrative (A) level 6 positions and technical (T) level 7 and above positions are considered middle management. Sales (S) positions will be promoted to management positions and then enter A positions.

The number of middle and senior managers attending the meeting from both Chongqing and Shenzhen has now exceeded 50.

More than half of them are senior executives at the level of deputy general manager or above in branch offices, while there are relatively few middle-level managers. Most of the middle-level managers have been promoted from entry-level positions in the last six months or so.

After introducing Kan Zhidong, the newly appointed president and board member of Changzheng Capital, Chen Xuebing took out a form and announced the decision.

"The following is the first batch of equity incentive list for the three subsidiaries under Gu'an Holdings Group. Since General Manager Cai was not present and the board meeting was not held, there are currently only two formal shareholders. After reaching a consensus with the board members and company shareholder Lu Yiwen by phone, I hereby announce the following."

"Lu Yiwen's 1% stake in each subsidiary will be returned to his personal name, while Gu'an Holdings' 1% stake will be retained."

“Guan Construction, Yu Chunyin holds 3% of the shares, which will be transferred from his own shareholding. Liang Hui and Tang Qiankun will each receive 0.75% incentive options, and Tan Maoshui will receive 0.3% incentive options.”

“Singularity Technology: Lu Weibing received 2% incentive options, Huo Xiaowen received 1.5% incentive options, and Zhang Hongbin, Xu Wenfeng, Qi Guangming, Huang Jin, and Gou Hongyi each received 0.3% incentive options.”

"At Changzheng Capital, Kan Zhidong received a 2% dividend right, which will be converted into actual shares after three years. Wu Zisheng, Xu Jin, and Liu Zengcheng each received a 0.5% incentive option, and ten traders who joined last August each received a 0.1% incentive option."

"Incentive options will be issued by the company's incentive equity pool after three years of employment, with the exercise price calculated at 20% of the company's current valuation."

This decision surprised many people.

Gu'an Holdings, the domain controlled by the boss, has not received any equity. However, it is said that the president was hired with an extremely high salary, so it must have been agreed that there would be no equity involved.

Gu'an Construction is not currently very valuable, so there's not much to discuss.

At Changzheng Capital, the traders who joined initially were all given options, which surprised many.

However, ten people together only make up 1%, and Long March Capital has a small workforce and follows an elite route, so it's normal.

Vice President Lu Xiaochun just joined and doesn't have stock options yet, which means he should be in the next batch.

The chairman of Qidian Technology made a huge decision to invest in it, and everyone knew that the company was bound to succeed. Huo Xiaowen, who was always cursing, actually got 1.5%, close to President Lu Weibing. The other five stock options combined only amounted to the same as him. Nobody expected that.

Even Huo Xiaowen himself was somewhat shocked, staring intently at Chen Xuebing on the other side of the screen, afraid that he had misread it.

Chen Xuebing gestured for everyone to be quiet.

“I remember every step of the company’s development from the very beginning. Perhaps many people don’t know that Huo Xiaowen is the second employee in our entire group. The first pot of gold I made was earned by the two of us. The other brothers who came later also helped me earn some. I think the salary of positions in our group should be based on ability, but equity incentives should be based on contribution. Everyone should receive incentives based on when they joined the company and how much they contributed during that period. As I said before, the smaller the company, the easier it is for me to see everyone’s efforts. In the future, when the company grows, incentives may have to be judged comprehensively by various departments, which will be more and more difficult. Please cherish this opportunity.”

This sentence has deeply resonated with many people.

It's not just a matter of opportunity, but also that the chairman is becoming increasingly distant from everyone.

Not only the long-time employees, but even some of Chen Xuebing's brothers felt that it was becoming increasingly difficult to see their boss.

At first, the chairman might remember the names of those who stick close to him, but later, it will be difficult to even leave an impression.

After a moment of reflection, Chen Xuebing smiled slightly.

"Before the holiday, the group used loan funds to give everyone bonuses. This is not only because Changzheng Capital made money, but also as a reward for everyone's hard work over the past six months. This reward is universal and will take care of ordinary employees. In the future, when we complete a major project and the head office makes a lot of money, there will be more."

"After the holiday, stock options were also issued to some long-term employees and senior executives who made contributions."

"The money has been distributed, and the equity has been issued. Now, the work of each of our companies should get back on track."

What is the right track?

“From now on, every company needs to figure out how to make money and can no longer rely on the output of Long March Capital.”

"Today, we'll cover three topics: accounting, management, and business."

(I'll try to add a chapter in the middle of the night)
(End of this chapter)