During an end-of-year party, a Chinese company showed off $26 million in cash to its employees, allowing them to take as much as they could carry home.
The massive cash was distributed over 800 dinner tables during the annual party held by Henan Kuangshan Crane Co. Ltd. on February 13.
Sharply dressed workers could be seen excitedly examining the enormous stacks of money spread out in front of them under dazzling, colourful lights.
The company’s celebration was attended by over 7,000 people. According to the Korean publication Chosun Daily, one employee was able to take $13,000 in cash home.
Cui Peijun, the company’s boss, allegedly remarked, “Why are we giving out washing machines?” during the company’s gala. Do you believe that gold prices have increased?
“We gave necklaces and rings in past years; bring up the money and give everyone another 20,000 yuan ($2,800).”
“Some people ask why we don’t just transfer the money to their accounts, but that way, it’s just cold numbers,” he stated in reference to the peculiar bonus distribution process.
Since he owns 98.88% of the company’s shares, Cui is able to distribute a significant amount of his dividends to his staff. The company was founded in 2002 and operates in more than 130 countries.
It manufactures and rents out cranes. It has a track record of being kind to its workers.
The business reported a $38 million net profit in 2024, of which about $24 million was distributed to staff members.
The crane manufacturer and rental company was founded in 2002 and now operates in more than 130 countries. It has a history of giving to its employees.
In 2024, the company generated a net profit of $38 million, of which approximately $24 million was distributed to employees.
In 2023, the company paid $8.5 million to its top 40 performers, with the three best salespeople earning $730,000 each.
Last March, it awarded approximately $230,000 in bonuses to roughly 2,000 female employees in honour of International Women’s Day.
Peijun has previously spoken up about his motivation for offering so much money to his employees.’It’s not that I enjoy giving money away; it’s that young people are saddled with car loans and mortgages, and any assistance we can provide helps.’
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