Chapter 339 At the shareholders' meeting, a cash dividend of three yuan will be distributed for every ten shares held. ...
After the shareholding reform, many employees did not have any real sense of purpose, including Qin Xiangxiang herself. She did not feel that the share certificates in her hands were of any use, and life seemed to be as before.
...but all the family's money was "looted".
After that, many employees who had bought too many shares regretted it, which led to arguments between husbands and wives. As a result, there was also some internal circulation, with some shares being transferred to others for 90 cents or 80 cents or at the original price of one dollar.
Transferring shares among employees is simple; they only need to go to the group's share management office to complete the transfer registration.
"Let's sell some of them; we still need to make a living."
"This thing is a scam?"
"We have to wait until the second year to receive our dividends..."
...
Some people can hold onto these stocks, while others can't. Those who can hold on are now eagerly waiting to see the dividends next year.
At this time, Li Qingfeng collected some stocks in small quantities. After graduation, he temporarily stayed at the business school with his classmates as a teacher, but he had his own ideas and was preparing to start his own business in the future.
He is interested in investing and is currently accumulating his first pot of gold independently.
"Buy as much as you can. I'll use all my salary to buy stocks, as long as someone's willing to sell..."
Li Jianzhi was the most composed person in the family. There was no way around it; he had caught up with the times. Buying stocks in the future might result in losses, but this was 1987, and there wasn't even a Shanghai Stock Exchange yet.
At this point, buying stocks guarantees a profit; there's simply no possibility of loss.
Nationwide, there are many people but few stocks!
Li Jianzhi: "I'm just waiting to get rich. I'm telling my mom, my younger brother and sister to all buy stocks."
"As long as someone is willing to make a move, we'll buy all of Feiyan Group's shares, anything below 100 shares is fine."
Qin Xiangxiang: "...You're too confident."
"Still 100? This stuff is 1 yuan a share, and it's going to go up to 100 yuan a share? Then I'll be rich!"
Qin Xiangxiang was also quite conflicted at this moment. As the chairman, she was quite confident in Feiyan Group's profitability, but she was really unsure how much the stock was actually worth. She had been a state-owned factory director for so many years, and all she received was a factory director's salary.
Now there are real equity dividends... She knows that her 25% equity dividend is definitely not low, but she can hardly imagine that she has suddenly become rich?
What's even more terrifying is that a stock that costs one dollar can actually rise to one hundred dollars? So if you buy one thousand dollars worth of stocks, it could end up being worth one hundred thousand dollars!
If you buy 10,000 worth of stocks, you'll eventually have a million!
Many people in the factory went bankrupt, putting all their savings into a 50,000 yuan investment, which eventually turned into 5 million yuan?
No, that's not right. Many people in their factory bought at least 100 yuan worth of goods. If they increased that by 100 times, wouldn't everyone in the factory be a millionaire?
That's unrealistic!
"One hundred yuan per share? That's absolutely impossible. Would we all be millionaires then? Think about it, is that even possible?"
Li Jianzhi: "Impossible."
"Tsk—"
Li Jianzhi laughed: "I said it's impossible for everyone to be a millionaire, but it's possible for the price to rise to 100 yuan per share. However, many people can't hold onto stocks. Believe it or not, they might have already sold them before the price reaches 100 yuan."
"In the end, this kind of opportunity to get rich will only be concentrated in the hands of a few people."
Qin Xiangxiang: "...You're thinking too much."
Li Jianzhi: "Listen to me, let's follow the national policy. The country is going to carry out shareholding reform and establish a stock market. Your Feiyan Group's stock, which is in the early pilot stage, will not lose money at all."
"Think about it, when the stock exchange opens, there will only be eight stocks in total."
"If everyone in the country can only buy eight stocks, do you think the stock price won't rise?"
In 1990, the Shanghai Stock Exchange opened in China, listing its first batch of stocks. The initial pilot program only included eight stocks, meaning all the funds in the country could only buy those eight. It was practically impossible for the stock prices not to rise.
If Feiyan Industrial Group hadn't been among the first batch of listed stocks in 1990, the situation wouldn't have been much different in the second or third batches... reaching 100 yuan per share would definitely be a conservative estimate.
In March 1988, Feiyan Industrial Group held its annual shareholders' meeting, which was also the first shareholders' meeting and annual summary meeting. The employees came to the so-called "shareholders' meeting" with their share certificates in their hands.
In many people's eyes, this shareholders' meeting is equivalent to a "money-sharing meeting".
"How much exactly will we get?"
Everyone was on tenterhooks. Those who had a hundred shares were the calmest, since they had only bought a small amount and wouldn't get much money anyway. Those who had bought thousands or tens of thousands of shares were the most anxious.
Secretary Li stood on the stage, holding a manuscript, delivering the annual report, and announced to everyone, "Feiyan Industrial Group's total profit in 1987 reached a new high, doubling that of 1986."
Many people are eagerly anticipating this, not to mention the profits, just how much money they can get!
Li Qingfeng stepped onto the stage and used the group's newly introduced projector to project the profit distribution plan for that year onto the wall:
"Proposed dividend for 1987: A cash dividend of three dollars per ten shares."
At that moment, everyone's heart stopped, many people's ears rang, and then the scene exploded.
"Three yuan for every ten shares, so one hundred shares would earn thirty cents in dividends?"
"Old Li, you bought a thousand shares, you'll get a 300 yuan dividend!"
"Those who bought 50,000 shares, wouldn't they get 15,000?!"
"You'll get dividends every year? Every year? Every year??!!"
...
Many people are almost going crazy, regretting that they didn't buy more. They wish they had bought 50,000 shares even if it meant going bankrupt. Some who sold them at a discount of 90 cents are even more regretful. They couldn't even hold onto the opportunity to make a fortune.
“Old Zhang, I want the shares I transferred to you back now. I’ll give them to you for 90 cents, but I’ll buy them back for one dollar a share.”
"That won't do. It's been transferred just like that, and it's been registered!"
Those who bought more than a thousand shares were all grinning from ear to ear. A thousand shares meant a dividend of three hundred yuan per share. At that time, an average worker's annual salary was only a thousand yuan or so, so it was like getting several months' salary for free.
"Spend a thousand yuan and you'll receive dividends every year."
The profit distribution in 1988 was rather rough, and all the dividends were paid in cash. Qin Xiangxiang happily went on stage and announced: "Finance staff, please come up and start distributing the dividends. Those whose names are called, please come up to receive your dividends."
At this moment, a dozen or so finance and security personnel carried several large boxes onto the stage, which were filled with stacks of brand-new "Big Unity" banknotes. The minimum investment was 100 shares, with a distribution of 30 yuan and three "Big Unity" banknotes.
Seeing so much money piled up together, the people below were so excited their eyes turned red, and their excitement almost burst through the roof.
"It's out! It's out! It's out!"
...
Looking at all that money, Qin Xiangxiang became somewhat numb. The maximum number of shares an employee could buy was 50,000, which would only yield a dividend of 15,000 yuan. She and her husband bought 50,000 shares and also collected some other stocks, so they could expect to receive a dividend of about 20,000 yuan.
It seems my son also received 50,000 to 100,000 shares, and got a dividend of 20,000 to 30,000 yuan, which he kept for himself.
In addition, there is Feiyan Holdings, a company wholly owned by her, which holds 25% of the shares and will receive a dividend of 7.5 million yuan, which will go into Feiyan Holdings' account.
That is to say, Qin Xiangxiang received more than seven million yuan in a year, which she could completely control.
"Having so much money all of a sudden doesn't feel real at all..."
It wasn't just Qin Xiangxiang; after the dividend distribution, everyone in the entire Feiyan Industrial Group felt a light, unreal feeling, as if they were floating on clouds. They used to only receive salaries and year-end bonuses, but now they had such a large dividend... It really felt like being a shareholder.
"This stock is a golden goose! I want to pass it on to my children and grandchildren."
"There are Feiyan Group shares on the black market now. I inquired about them, and they were previously traded for five or eight yuan per share, but now you can't even buy one for ten yuan!"
"Ten yuan a share? It increased tenfold in less than a year?!"
"Are those who bought 1,000 shares now millionaires?"
...
Zhou Aodong overheard other people chatting in her old apartment. She sighed, no longer in the mood to boast to others.
A mixture of feelings.
"We missed the good times!"
Xu's mother, standing nearby, gleamed with envy: "This isn't even the best time yet. Your daughter is already a chairperson. Who could have imagined this twenty years ago?"
Twenty years ago, in 1968, Qin Xiangxiang and her son were still living in an old apartment building, neighbors that everyone had known since childhood.
Things are completely different now.
"Now their factory must have a lot more people with ten thousand yuan in income, right?"
"My heart aches. Why didn't our factory get to undergo shareholding reform?"
"The factory's profits are getting worse and worse."
...
In the spring of 1988, there was another piece of good news: the Shanghai Business School, founded by Qin Xiangxiang, was officially approved as an adult higher vocational college directly under the State Education Commission, with the support of the city leaders. It was authorized to independently issue nationally recognized associate degrees and conduct college entrance examinations.
Furthermore, in cooperation with the Department of Economics and Management of Fudan University, students who complete the elite class training can obtain a certificate of completion for in-service postgraduate studies from Fudan University.
The business school became a regular university, and Qin Xiangxiang was not only the chairman of Feiyan Industrial Group, but also the honorary president of the business school.
University president.
"Qin Xiangxiang became a university president?"
Qin Xiangxiang's aunt and uncle just couldn't understand it!
Her deceased grandparents would never have imagined that their granddaughter could achieve this.
The relatives in Hong Kong were even more surprised to discover that they had such an impressive relative in mainland China.
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