After seeing off the guests from all over, the atmosphere in Jiangnan Building suddenly became tense, with no sign of slackness as the New Year was approaching.

All the senior executives of the group and the main persons in charge of the subordinate companies also stayed at the headquarters to prepare for the second group conference.

Moreover, before the annual meeting, Mr. Zhao will listen to the year-end reports of each subsidiary company together with the board of directors, strategic decision-making committee, and supervision and supervisory committee.

When the group was just founded last year, Mr. Zhao just had a brief chat with the heads of various companies at the Jiangnan Guest House, asking about the preparation status of each company, what difficulties they had, and what they planned to do this year.

Now that the first year of the five-year plan has passed, we must make real progress to pass it.

The offices of each company are on the second floor, and Conference Room No. 1 for hearing reports is on the third floor.

The bosses on the second floor seized the last minute and worked hard with their subordinates, hoping to get at least 60 points to pass the test when it was their turn.

After all, apart from those few dairy cows, everyone’s performance is not impressive, and some are even making losses… If the evaluation fails, not only will all employees lose their year-end bonuses, but the company’s management will also be demoted.

How can I endure this?

~~

The first person to give a report was Jiang Xueying, but she did not do so as the president of the group, but represented Jiangnan Finance.

Jiangnan Finance currently only has Jiangnan Bank under its jurisdiction, so the report Jiang Xueying made was for Jiangnan Bank.

In the past year, Jiangnan Bank has achieved great success, successfully expanding its network to the two capitals of the north and south, the ten prefectures of Jiangnan, along the canal, and also setting up outlets in the coastal areas of Shandong.

When Jiang Xueying reported that the Jiaozhou Branch of Shandong Branch, which was established on the eighth of this month, was exactly the 100th branch of Jiangnan Bank in the country, thunderous applause broke out in the conference room!

After the applause stopped, Jiang Xueying continued to report calmly, as if she had only achieved insignificant results.

She announced that by the end of last month, Jiangnan Bank had issued a total of 80 million taels of silver notes! Of which 73 million taels were in circulation. The goal of monetizing silver notes had been initially achieved.

In addition, the depositors of Jiangnan Bank had deposited 69 million taels of silver! In just one year, the bank had exceeded the target of "attracting 50 million taels of silver" set in the First Five-Year Plan!

Thunderous applause rang out again, and those who listened to the report gasped. They knew that Jiangnan Bank had become the number one bank in Ming Dynasty. But they didn't expect that it had reached the point where it had more money than the original four major banks combined!

The reason why such a miraculous achievement was achieved in one year was not only because of the spring breeze of Jiangnan integration, which greatly promoted the business expansion of Jiangnan Bank, but also to a large extent because Hengtongji took the initiative to send people to help.

Before Hengtongji initiated a run on the bank, the depositors of Jiangnan Bank had a mere 20 million taels of silver.

After thwarting Hengtongji's conspiracy, Jiang Xueying, in the name of revenge, sucked out all the money Hengtongji had deposited in Jiangnan at three times the interest.

Then they completely drove it out of Jiangnan and replaced it, becoming the undisputed leader. With this great victory, Jiangnan Bank completely established an invincible image in the minds of customers, and its business scale expanded rapidly. Not only did the depositors of Hengtongji move away frantically, but even Wanyuanhao, Xinlong, and Tianhui Pawnshop were affected, and their deposits were reduced by more than half.

Today, Jiangnan Bank’s silver reserves have exceeded 100 million yuan, making it truly invincible.

In addition, Jiangnan Bank also issued 10 million taels of bonds for its subordinate companies and provided 7 million taels of low-interest loans. It can be said that, as the shopkeeper Song said, the entire Jiangnan Group relies on Jiangnan Bank for blood transfusions!

"The biggest problem now is that we have too much silver in our bank accounts, but too few loans." The morning sun shone through the large glass windows onto Jiang Xueying's pretty face. She frowned slightly and said, "The loan interest plus exchange fees is all the bank's income, which is just enough to pay the normal deposit interest. If this problem is not solved, the losses will become more and more serious."

Yes, the Jiangnan Bank, which has 100 million taels of silver in its bank, recorded a loss of more than 2 million taels this year!

One million taels of silver was spent on recruiting soldiers and building outlets. The other one million taels of silver was paid for the three-fold interest rate. This is what it means to attract deposits for a while, but pay interest and suffer a lot...

Therefore, the top priority of Jiangnan Bank next year is lending. It needs to lend out another 10 million taels to turn losses into profits.

Of course, there is another way, which is to raise the loan interest rate and immediately balance the income and expenditure. But that would go against the original intention of establishing Jiangnan Bank - to absorb the huge dormant funds in society and use other people's money to develop its own industry and commerce.

This is also because Miss Jiang is too strong-willed. In fact, as the group's nanny, it doesn't matter if Jiangnan Bank continues to make losses, as long as it can play the game of four cups and three lids.

In fact, Jiangnan Bank now issues loans and pays interest with silver notes issued by itself, and in 80% of cases, it cannot touch the silver deposits in the treasury. Therefore, as long as there are no major policy problems... For example, the court suddenly bans silver notes, or simply seals up Jiangnan Bank, Mr. Zhao's financial system is absolutely safe.

After Xueying finished her report, the twelve members of the three committees responsible for the review all expressed their satisfaction and gave her 100 points on the spot.

As a reward, the year-end bonuses of all employees of Jiangnan Bank have been quadrupled, and their job ranks have been collectively increased by one level!

President Jiang sighed. She found that her concurrent post as president of Jiangnan Bank would greatly affect the authority of the rating... Who would dare to give a bad review to the president of the group? Besides, she was Brother Zhao's...

Her pretty face flushed, she stood up to thank him, and returned to her seat. The rules for this time have been set, and can only be adjusted next time.

~~

The next person to report was Gu Dadong, the president of Jiangnan Development Corporation. In this respect, Wang Mengxiang was more slippery than Jiang Xueying, and he, the chairman of Jiangnan Development Corporation, hid in the background.

Moreover, although Jiangnan Development Corporation now has 34 branches under its jurisdiction, the main force is still Gu Dadong's Kunkai Company, so it is only natural for him to make the summary report.

However, Mr. Zhao had already read the good news from Kunkaisi, and he was so happy that he jumped up and down. So there is no need to elaborate, basically the farm had a good harvest and made a profit of 3.1 million taels. But after filling the hole of the engineering department's repair of the Kunshan water conservancy project last year, and the engineering funds advanced in Chongming, Pudong, Changzhou, Wuxian and other places, the profit narrowed to 1.7 million taels...

Moreover, the 33 branches, including Chongkai, Shangkai, Wukai, and Changkai, all suffered losses to varying degrees. The worst-hit Chongkai had already lost 900,000 taels, and the 33 branches combined had lost more than 8 million taels...

In one fell swoop, he won the title of the group's loss leader.

Gu Dadong wiped his sweat and continued quickly, "But next year, Chongkaisi and Shangkaisi will have one million mu of farms put into production. In addition, Suzhou, Wujiang, Wuxi and other places will also have a total of one and a half million mu of farms that will be put into operation. There should be no problem in completing the First Five-Year Plan ahead of schedule next year. If the weather is good, next year will be able to fill this year's hole..."

"What about the hole next year?" Master Zhao, who was sitting in the main seat, couldn't help but laugh, and everyone followed suit and chuckled.

Gu Dadong smiled awkwardly and said, "We can only hope for the year after next. Besides, not every county has so many unowned lands like Kunshan, Chongming, and Pudong..."

Zhao Hao nodded and did not embarrass Gu Dadong. Even in Jiangnan, the richest place in the world, the infrastructure level of each prefecture and county was almost zero, and there were too many debts to be paid. If ten prefectures and sixty-one counties were attacked one by one, even mountains of gold and silver would not be able to withstand it.

It is wishful thinking to expect a development company to make a lot of money in a short period of time.

Fortunately, each branch has independent accounting and is responsible for its own profits and losses. Kunkai Company is already profitable, and it will not be difficult for Shangkai Company and Chongkai Company to make profits.

Finally, the Board of Directors and the Strategic Decision Committee gave a preliminary score of 90 points. However, the Inspection and Supervision Committee and the Group Audit Department need to complete the report and account audit before the final score can be given.

But as long as he didn't brag or lie, the score would not change. This was the score given by the nine most powerful people in the group...

~~

The third company to report was Jiangnan Building Materials Corporation.

Hua Bozheng also made a report in person. In the past year, Jiangnan Building Materials has built three more cement plants, increasing the annual output to 60,000 tons, four times that of the same period last year.

Moreover, this year, with the help of the research center, Jiangnan Building Materials improved the lime kiln, and the test results were very good. If nothing unexpected happens, the five-year plan of annual production of 150,000 tons can be completed ahead of schedule next year.

As soon as these words came out, there was a round of applause in the conference room. Especially Wang Mengxiang, all the counties were waiting for cement, if it could produce 150,000 tons per year, it would naturally greatly speed up the progress of various projects.

Although cement is currently supplied to the group, Jiangnan Building Materials also has independent accounting, and each company has to pay for cement. Therefore, although three factories were put into production this year, Jiangnan Building Materials still achieved a profit of nearly 400,000 taels.

In addition, the Jiangnan Stone Factory also made a profit of 20,000 taels, but it was also for internal supply and not for export.

Finally, Jiangnan Building Materials also invested in technology and established Xishan Cement Company in a joint venture with Xishan Group, and it is expected to receive a dividend of 100,000 taels...

The directors couldn't help but laugh, finally they were getting money from outside.

Young Master Zhao pursed his lips and said nothing. Why don’t I have this feeling?

Oh, by the way, Xishan Company is also mine...

In the end, Jiangnan Building Materials received a good evaluation of 75 points. As a reward, the employees' year-end bonuses were doubled.

~~

Then Chen Huaixiu made a report on behalf of the Royal Shipping Company, which Zhao Hao was very familiar with. In short, starting from March, the Royal Shipping Company and its predecessor Jiangnan Shipping Company had completed a total of 18 round trips, transporting a total of 1 million dan of grain... halfway to the 2 million dan per year agreed with the Ministry of Revenue.

But that was mainly because before September, we used 400-ton sand ships, which had very limited capacity. Now we have switched to 1,000-ton sea ships, and we will definitely be able to complete the task of transporting grain on schedule.