Chapter 334: Time to Divide the Money.



As it approached six o'clock and darkness fell, Bai Yu finally managed to break free from the crowd.

During this time, Li Shuang and the other two not only finished their respective half of the watermelon, but also divided the half that was left for Bai Yu among themselves.

There was nothing they could do. They hadn't expected Bai Yu to take so long. They had already finished their own watermelons, and Bai Yu was still not done. At this point, what else could they do but eat Bai Yu's watermelons?

As for Bai Baiyu, besides signing a dozen or so autographs, all she did was take group photos.

Because he doesn't sign his name on paper, he has so few signatures; his main job is to take photos with fans.

To be honest, this is the largest number of fans he has ever faced since he became famous.

Even when he participated in track and field competitions before, he had never faced so many fans, but this time when he went fishing, he met so many fans, which was truly an honor for him.

After the group photo was taken, Bai Yu and the other three drove home to their old home in the small fishing village.

Their competition is over, so the organizers won't be providing them with accommodation anymore. In that case, they'll naturally have to go home.

Although they are not short of money now and have won a considerable prize in this competition, they naturally try to save money wherever possible in areas where it is not necessary to spend it.

Besides, they finally finished the competition today and even won a prize of over 500,000 yuan. They should go home and celebrate properly.

This celebration couldn't just be a gathering of the four of them; they needed to invite some other people to join in the fun.

Around 8 p.m., they returned to Uncle Sun's hotel and then appeared in a private room.

When they arrived, Li Xue, Xia Jing, Liu Tianyu, and others were already waiting in the private room. As soon as the four of them entered, the sound of celebratory cannons rang out.

They won a fishing competition, so setting off two celebratory cannons isn't too much to ask, right?

After having a big meal at Uncle Sun's place, Bai Yu took Li Xue and Wang Hai back to the village. They needed to rest early today, as they had things to do the next day.

At nine o'clock in the morning on January 30th, Bai Yu drove Wang Hai to the company, then called Li Xue, Li Shuang, Lu Sheng and Xia Jing, and headed straight to the company's conference room.

"Ahem, you all probably know what I called you here to discuss, right? Are you all ready?"

Seeing that the six-person group had all arrived, Bai Yu cleared her throat and asked a question.

"What are we going to talk about? Brother Yu, you didn't tell us about today's meeting agenda beforehand, how are we supposed to know what we're going to discuss?"

Li Shuang looked at Bai Yu with a blank expression, completely unaware of what the meeting was about to discuss.

He wasn't the only one; Lu Sheng's expression also showed a hint of confusion, not understanding what Bai Yu wanted to do.

"Huh? You two don't know what's going to be discussed in today's meeting? Xia Jing, why don't you tell them?"

"It's not important that you didn't say it. It's not too late to say it now. Xia Jing, you should tell them what we're going to do today, so they can be mentally prepared."

"Alright, Mr. Bai, Mr. Li, Mr. Lu, the main topic of our meeting today is profit sharing."

When we joined the company, Mr. Bai said he would give each of us 2% of the company's profits, right? Now that the Chinese New Year is almost here, Mr. Bai wants us to have a prosperous year, so he's going to distribute last year's profits proportionally today.

Xia Jing looked at Li Shuang and Lu Sheng sitting opposite her, addressing them as "President Li," "President Lu," and "President Bai" repeatedly, and then explained the matter.

Their company may not have many other things, but it has a lot of "general managers." The heads of various departments can all be called "General Manager So-and-So."

"You want a share of the profits? Wasn't that the year-end bonus we received before? Now you're getting a bonus too?"

If Xia Jing hadn't brought this up, Li Shuang would have completely forgotten about the profit-sharing.

It's not that he doesn't care about dividends; it's just that the amount of money he received this year has exceeded his expectations. His various daily wages, bonuses, and year-end bonuses have already exceeded one million.

In his view, the treatment he is receiving now far exceeds what a recent graduate could expect.

But now Xia Jing is telling him that he still hasn't received a share of the profits?

After a brief moment of shock, he took a folder from Xia Jing, which contained all of their company's income and expenses for the year, as well as their total profit for the year.

The dividends they receive are calculated as a percentage of the total profits.

According to the data, their shipping company's annual revenue is 184.3 million, expenses are 60 million, and profit is 124.3 million.

Thanks to the fact that their company doesn't have to pay taxes this year, this money is the money they can receive as dividends.

Although the live streaming company has only been operating for two months, its profits have exceeded ten million. After all, the live streaming company is still in its early stages, and the employee salaries are paid through the shipping company.

The combined revenue from both sources reached 135.6 million.

This money can all be used for dividends. As for where the company's expenses will come from next year, shouldn't we set aside some funds?

That's really not necessary, because just a few days ago, my uncle and his family brought back a boatload of fish. After selling them all, their company will have enough initial funding for next year.

According to the shareholding ratio that Bai Yu initially agreed upon with Li Shuang and the others, two points would result in a dividend of 2.712 million yuan, which is higher than their combined annual salary and bonuses!

This is just one person's share of the profits. If Li Shuang, Lu Sheng, and Xia Jing combine theirs, it'll be over eight million.

In addition, there's Wang Hai, who has a 5% stake, so he alone can get 6.78 million, which adds up to more than 10 million.

After confirming the dividend amounts for Li Shuang and the others, Bai Yu had Li Xue transfer the money to them. As for the issue of paying taxes, he told them to handle it themselves.

Although their company is exempt from corporate taxes due to policy reasons, their shareholders still need to pay income tax on dividends, which is unavoidable.

Aside from the more than ten million that were distributed, there were still more than one hundred and twenty million left. Of that, one hundred million had already been allocated, and the remaining twenty million belonged to Bai Yu and Li Xue.

Of course, Bai Yu will need to pay taxes on the money she receives. Li Xue will then go to the tax bureau to handle the matter, and Wang Hai's taxes will also need to be paid at the same time.

..............

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