Trillion Market Capitalization is Not a Dream

"Trillion market capitalization is not a dream (

Tao Wuming, president of the first business unit, continued to speak: "I just talked about the start-up capital issue, and I haven't finished it yet.

Because our 600 million profit, assuming that it can be taken out, he will take it out one after another, and it may not be able to recover all of it from the owner in time.

If all conventional risks are taken into account, the 600 million may be discounted.

There is a half that looks relatively safe, maybe three hundred million.

In this way, in fact, our start-up capital is a more reliable figure of 300 million. Then if three billion is divided by 10%, these start-up funds can support us and also support our projects to achieve an annual output value of 3 billion at most.

Of course, in this case, we can also work harder, save a little bit, and collect the payment in advance.

I think what is our output value target for 2012?

In terms of the supply of this start-up capital, including the money raised by us and the listed company, can we use a portion of it?

In this way, the pressure of starting capital is still not large, and the target of output value in 2012 should be set between 3.5 billion and 5 billion.

In fact, 4 billion is a relatively reasonable figure, because this is a doubled development, which has doubled from 2011.

In this way, he does not have to double the number of personnel, and it may be an increase of 50% on the existing basis.

For example, if there are 1,000 people now, if he wants to complete the output value of 4 billion in 2012, he may need 1,500 people, not 2,000 people.

I have this in mind. "

Tao Wuming, president of the first business unit, paused for a while, took a sip of mineral water and continued to speak: "Just now, from the perspective of human resources supply and start-up capital supply, the two situations are analyzed, that is, the output value index for 2012 is determined. 8 billion is not feasible, it is too risky.

If the step is too big, it is very likely that the egg will be pulled.

That would be devastating, one that the company cannot afford.

A possible target is an annual output value between 3.5 billion and 5 billion. Now I continue to analyze from another aspect.

That is, the management ability of our production management team, can it keep up with the development of the annual output value target of 3.5 billion, 5 billion or 8 billion?

If the number of people suddenly doubles, it means that 1,000 people will become 2,000 people. I feel that the short man is going to pull out the general, and the tall man should be pulled out and promoted to use.

In this case, our human resources will appear to be quite scarce due to the rapid rise of the company's business development.

In this way, if there is a slight error in the sales of the project, our losses will be more serious.

Therefore, I suggest that it is better to be safe. It should be to promote some outstanding young cadres among our current people, and focus on promoting some people with strong ability, good comprehensive strength and high comprehensive quality.

Then recruit a group of better ones, so that the recruitment pressure of the human resources department will be less.

For example, expanding the enrollment by 500 people is almost enough.

In this case, he should find these 500 people in 1-2 months. It should be possible to overcome difficulties and work hard.

The newly-opened projects have been retrieved one after another, and the 500 people who have been recruited for this expansion have also been recruited one after another.

So it is estimated that in 2012 we should have a total number of employees of 1500.

This is what I think is more reasonable.

Moreover, if our subordinates suddenly increase by 50%, I should think that at least at the level of the president of the business unit, there must be no problem in managing these incremental personnel well.

Then those VPs of production, I don't think there is a problem.

You can also ask our vice president of production here. If you think that you will increase the number of people by 50% under the situation of the number of people you are managing now, is there any that you can't manage? Raise your hand if you have one. "

Bai Qingting: "Well, Mr. Tao asked this question, I will help Mr. Tao to ask again: All the vice presidents of production are at the level of the production director of the area. If you increase the number of people under your own management. 50% of the amount, do you have any that you can't manage? If so, please raise your hand."

Tao Wuming, president of the first business unit, said: "Boss Bai, you can see that everyone thinks that he has a 50% increase in the number of staff under his command. He is fully capable of managing it, and he is not guilty.

If you say that the manpower that suddenly doubles is doubled or even tripled, you ask them if they can manage it? Look, you can ask, do you want to ask? "

Bai Qingting: "Okay. I'll find someone to ask.

Zhao Manfu, the vice president of production in the Nanhai area, please get up and answer. That is, in 2012, you suddenly doubled the number of production teams under you. Do you feel that there is a problem with management? "

Zhao Manfu replied confidently: "Boss Bai, I only have two project departments now. It's not full. There are more than 10 people in one project and a few people in the other project. There are only less than 20 people in total. It's only 40 people after doubling it. I can totally manage it."

Bai Qingting laughed and said, "Then it's not a problem for you to double the number of personnel in this situation, because you don't have a full load of work.

Of course, I didn't mean that you were being lazy, because the company did not arrange enough work for you, and did not allow you to operate at full capacity. "

Bai Qingting asked Song Zhiyuan, President of the Fifth Business Unit: "Mr. Song, the Vice President of Production in this area is your subordinate.

Is there a vice president of production who manages three project managers and four or more project managers? If there is, stand up and take the initiative to answer the question. "

Song Zhiyuan, president of the fifth business unit, shouted: "Tan Yutang, don't you only have four project departments? There are seventy or eighty people. Tell me."

Tan Yutang, vice president of production in Xishan area, stood up and replied, "Boss Bai, let me tell you how I feel.

I am the production manager of Xishan area now. My surname is Tan and my name is Tan Yutang. There are 4 project managers under him, and each project manager basically has two projects on average, which means that we have almost 8 projects in normal operation.

The output value we completed in 2011 this year is roughly 160 million. I still feel very tired of life, very tired every day.

If it is purely from the number of managers, now I am managing 4 project managers, you can't let me manage all the 80th people below, right?

It’s OK for me to manage 4 project managers, plus a business leader in the area. In fact, I only have 4 plus one and that’s how many people there are. That’s 5 people. This is the number of people I need to manage directly.

Then if you say that the number of project managers doubled is increased by 4, that is 8 people, and 8 people plus one will make 9 people. If I manage this, it will still be very difficult, and I may not be able to stand it. It might break down someday.

But if you say that only two project managers are added, then each project manager also manages a number of 20 people. In total, I have increased the number of people from 80 to 120. In this way, it should be an appropriate increase in management. Pressure and proper diligence.

Some things are common, and the sharing can be a little more flexible. It turns out that when you find 4 project managers for a meeting, you can also find 6 project managers for a meeting. The same part of this kind of thing means that the labor level has not increased too much. This is perfectly acceptable.

It's completely acceptable in terms of imagination.

But if 4 project managers suddenly become 8, I can't stand it directly. The probability of crashing is over 95%. "

Bai Qingting: "Tan Yutang, Mr. Tan, you speak very well, please take a seat."

Bai Qingting: "Just now, Tan Yutang, Mr. Tan, told him this feeling.

This also reminds me of a management class I once studied that said that the normal number of people who can be directly managed by a person is no more than seven people according to research. This number is relatively reasonable, and human energy can also be managed. So I think Tan Yutang's feeling is also in line with this theory, it matches.

Mr. Tao, you have already raised three major opinions, do you have any more? "

Tao Wuming, president of the first business unit, replied with a smile: "It's almost there, Boss Bai.

I can't take the advantage of No. 1. I have listed all the points that I can think of in an exhaustive way, leaving the two brothers behind with nothing to say.

If we drink together after that, I definitely don't want to stand up and leave. "

Bai Qingting: "Since our CEO Tao is righteous and leaves a way out for the bosses of the next two divisions, then we will ask Mr. Lei Chunlei, president of the second division, to talk about how much our annual output value in 2012 should be set at 100 million yuan?

Then tell me why. "

Bai Qingting: "Tell me about the "First Phase Stock Option Incentive Plan of Western Construction Co., Ltd. (Draft:

Kyoto Junbisheng Law Firm (hereinafter referred to as "the firm") is a law firm qualified to engage in legal business. The Exchange is entrusted by Occidental Construction Co., Ltd. ("Company" or "Occidental Construction"). Relevant matters (hereinafter referred to as "incentive plan" or "this incentive plan") act as special legal counsel and issue this legal opinion.

This legal opinion is in accordance with the Company Law of the People's Republic of China (hereinafter referred to as the "Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as the "Securities Law"), and the China Securities Regulatory Commission (hereinafter referred to as the "Securities Law"). China Securities Regulatory Commission") "Administrative Measures for Equity Incentives of Listed Companies (Trial (hereinafter referred to as "Administrative Measures"), "Memorandum No. 1 on Equity Incentive Related Matters" (hereinafter referred to as "Memorandum No. 1"),

Incentive-related Matters Memorandum No. 2 (hereinafter referred to as "Memorandum No. 2") and Equity Incentive-related Matters

Memorandum No. 3 (hereinafter referred to as "Memorandum No. 3") and other laws, regulations and normative documents.

According to the requirements of relevant laws and regulations and the company's entrustment, the lawyers of the firm have reviewed the legality and compliance of the incentive plan, the legal procedures performed, information disclosure, and the impact of the incentive plan on the interests of the company and all shareholders. Based on our lawyers' understanding of the relevant facts and the law, we will express legal opinions on the facts that have occurred and existed before the date of this legal opinion. The firm is only related to this incentive plan

It does not express opinions on non-legal professional matters such as accounting and auditing. The firm is not properly qualified to verify and evaluate such content.

In order to issue this legal opinion, the lawyers of our firm have checked the relevant documents and their photocopies provided by the company, and based on the following guarantees made by the company to our lawyers: Original written materials, duplicate materials or oral testimony without any omission or concealment; all documents provided and facts stated are true, accurate and complete; documents provided by the company and the signature and seal on the documents All are true; the duplicate materials or photocopies provided by the company are exactly the same as the originals.

This legal opinion will become effective after it is signed by the lawyer in charge of the firm and affixed with the official seal of the firm. It is only used by the company for this incentive plan and shall not be used for any other purpose. The lawyers of our firm agree that the company will take this legal opinion as an integral part of the application materials of this incentive plan, and shall be responsible for the legal opinion issued in accordance with the law.

The lawyers of our firm have checked and verified the documents and relevant facts provided by the company in accordance with the relevant laws and regulations and the recognized business standards, ethics and diligence of the Chinese lawyer industry, and hereby issue this legal opinion as follows:

1. Legal compliance of this incentive plan

(1) Qualifications for the implementation of this incentive plan

According to the "Enterprise Legal Person Business License" issued by Beijing Administration for Industry and Commerce on January 3, 2001

(Registration No.: 1100000041XXXXX), the company is a joint stock limited company established on September 12, 1992 (listed, invested or controlled by natural persons).

According to the written explanation provided by the company and the proper verification by our lawyers, as of the date of the issuance of this legal opinion, the company's joint stock limited company listed on the Shenzhen Stock Exchange does not need to be terminated in accordance with laws, regulations and the "Articles of Association". ; There is no audit report issued by a certified public accountant with a negative opinion or an inability to express an opinion in the financial accounting report of the most recent fiscal year, nor is there an administrative penalty imposed by the China Securities Regulatory Commission for major violations of laws and regulations in the last year.

According to the above, the company is a validly existing listed company, there is no situation under Article 7 of the "Administrative Measures" that prohibits the implementation of an incentive plan, and it has the qualification to implement the incentive plan.

(2) Subject qualifications of incentive objects

1. Scope of incentive objects

According to the "Incentive Plan (Draft, the incentive objects of this incentive plan are the company's backbone middle-level managers, a total of 75 people. For details of the list of incentive objects, please refer to Annex 1 of this legal opinion. According to the relevant documents provided by the company and the proper verification by our lawyers, the incentive object has been confirmed by the company's board of directors and verified by the company's board of supervisors.

2. Subject qualifications of incentive objects

According to the relevant documents provided by the company and the proper verification by our lawyers, the incentive objects are all Chinese nationals and have full capacity for civil conduct; the incentive objects have not been publicly condemned or declared to be inappropriate persons by the stock exchange in the past three years, and there is no such thing as In the past three years, the CSRC has imposed administrative penalties for major violations of laws and regulations, and there is no circumstance that the Company Law stipulates that the company shall not serve as a director, supervisor or senior manager of the company; the incentive objects do not include the company's independent directors and supervisors, nor Including major shareholders or actual controllers holding more than 5% of the company's shares.

According to the written documents provided by the company and the proper verification by our lawyers, the incentive object has not participated in the stock option incentive plan of any other listed company other than the company.

In summary, the confirmation and verification methods of incentive objects and incentive objects conform to Article 8 of the Administrative Measures, Articles 2 and 7 of Memorandum No. 1, and Article 1 of Memorandum No. 2.

(3) Source of funds for incentive objects

According to the "Incentive Plan (Draft, the incentive objects shall raise funds by themselves according to the source of the exercise funds stipulated in this incentive plan, and the company shall not provide loans or any other form of financial financing for the incentive objects to obtain relevant stock options according to the stock option incentive plan. Funding, including guaranteeing their loans.

Accordingly, the source of funds for the incentive objects determined by this incentive plan conforms to the provisions of Article 10 of the "Administrative Measures".

(4) The source and quantity of shares involved in this incentive plan

According to the "Incentive Plan (Draft, the company grants incentive objects 2 million stock options, each stock option has the right to purchase one Western Construction stock at the exercise price and exercise conditions on the exercise date within the validity period of the incentive plan~ www.readwn.com~ After the incentive plan is approved, the company will issue 2 million shares of the company to the incentive object as the source of the incentive plan. The number of stock options to be granted in this incentive plan is 2 million, and the number of underlying stocks involved accounts for 2.66% of the company's total share capital of 75,121,950 shares. The types of underlying stocks involved are RMB A-share ordinary shares. The total number of shares involved in the accumulated stock options granted to any one incentive object shall not exceed 1% of the company's total share capital.

Accordingly, the sources of stocks involved in this incentive plan comply with the provisions of Articles 2 and 11 of the "Administrative Measures", and the number of stocks involved in this incentive plan complies with the provisions of Article 12 of the "Administrative Measures".

(5) Main contents of the incentive plan

The lawyers checked that the "Incentive Plan (Draft consists of 14 parts, including: "Purpose of Implementing the Incentive Plan", "Administrative Organization of the Stock Option Incentive Plan", "Establishment Basis and Scope of Incentive Objects", "Stock Option Incentive Plan" The source of stock and the number of stocks for the Granting Conditions and Exercise Conditions of Stock Options", "Financial Calculations for Implementing Equity Incentives", "Incentive Plan Adjustment Methods and Procedures", "Stock Option Granting Procedures and Incentive Objects Exercise Procedures", "Company and Incentive Objects" "Rights and Obligations", "Changes, Termination and Other Matters of Incentive Plan" and "Others", which cover all the contents stipulated or explained in the incentive plan required by Article 13 of the "Administrative Measures", and clearly explain Equity incentive accounting method, calculate and list the impact of the implementation of equity incentive plan on the performance of each period.