A Chinese language firm and its boss have caught the web’s consideration for handing out 180 million yuan ($26 million or round ₹237 crore) in year-end bonuses out of 270 million yuan in income.
In accordance with a report by the South China Morning Submit, Henan Kuangshan Crane Co., Ltd. held its annual gala on February 13, the place greater than 60 million yuan (about $8.7 million) in money was handed out on the spot. Round 7,000 workers attended the occasion, with 800 banquet tables arrange for the celebration.
Movies circulating on-line present lengthy tables lined in stacks of money, as workers have been invited on stage to depend the cash themselves. No matter quantity they managed to depend in the course of the exercise, they have been allowed to take house. Some employees have been seen carrying bundles of notes of their arms, whereas others struggled to carry the thick stacks of money.
Together with bonuses distributed on-line, the whole year-end payout exceeded 180 million yuan. The corporate’s reported internet revenue for 2025 was 270 million yuan, which means almost 70% of its earnings have been shared with workers, in keeping with the outlet.
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‘Boss who loves giving out cash essentially the most’
On the occasion, firm chairman Cui Peijun, who holds about 98.88% of the agency’s shares, shocked employees by scrapping deliberate equipment presents. “Why are we giving out washing machines? Do you suppose gold costs have gone up? In earlier years, we gave necklaces and rings. Carry up the money and provides everybody one other 20,000 yuan,” he informed the finance division on stage.
Based in September 2002, Henan Kuangshan Crane Co., Ltd. manufactures and companies cranes and materials dealing with gear, with operations spanning over 130 nations.
The corporate has constructed a popularity for beneficiant worker rewards. In 2024, it recorded a internet revenue of 260 million yuan, distributing 170 million yuan amongst employees. Final March, on Worldwide Ladies’s Day, it additionally gave almost 1.6 million yuan in bonuses to 2,000 ladies workers.
Cui’s repeated acts of largesse have earned him the nickname “the boss who loves giving out cash essentially the most”. Responding to the label, he mentioned, “It isn’t that I like giving out cash, it’s that younger persons are burdened with automotive loans and mortgages and any reduction we will supply helps.”
