₹238-crore bonus! Chinese company rewarded employees with gold in previous years; goes for huge cash gifts this time

Core Insights - A Chinese company, Henan Kuangshan Crane Co, distributed 180 million yuan ($26 million) in year-end bonuses to its employees, which is approximately 67% of its total profits of 270 million yuan for the year [1][7] - The company's founder, Cui Peijun, emphasized the importance of supporting employees financially, especially young workers burdened with loans [8] Group 1: Bonus Distribution - The company held an annual gala on February 13, where over 60 million yuan in cash was distributed on the spot to employees [1][2] - Employees participated in interactive activities where they counted cash themselves, with some taking home large amounts of money [3] - The total year-end payouts, including online bonuses, exceeded 180 million yuan, showcasing a generous profit-sharing approach [4] Group 2: Financial Performance - In 2024, the company recorded a net profit of 260 million yuan ($38 million) and distributed 170 million yuan among employees, indicating a consistent trend of high bonus payouts [5] - The company specializes in building cranes and material handling products, operating in over 130 countries worldwide [7] Group 3: Company Leadership and Culture - Cui Peijun, who holds approximately 98.88% of the company's shares, has been recognized by netizens as "the boss who loves giving out money the most" due to his frequent cash rewards [8] - The company also distributed nearly 1.6 million yuan ($230,000) in bonuses to around 2,000 women employees on International Women's Day [6]