Shanghai Bell produces the S1240 series of program-controlled switches. Although it is still suffering huge losses, it is the first high-tech enterprise introduced in China. Posts and Telecommunications Industry Corporation holds 60% of the shares, and BTM holds 32%. Belgium The Kingdom Cooperation and Development Foundation accounts for 8%. Because it is controlled and made by the Chinese side, it is regarded as a state-owned enterprise. From the country to Shanghai, it attaches great importance to it and uses national and local finances to make up for the losses. Once Shanghai Bell is on the right track, It will bring huge economic benefits to Shanghai.
The SG-1000 thousand-door digital program-controlled switch is not at the same level as the S1240 100,000-door digital program-controlled switch!
There is no room for two tigers in one mountain!
Shanghai Shuguang Communication Technology Research Institute has established the Shuguang Digital Program-controlled Switch Research Department, with Ye Mingxin as the director. When SG-1000 is finalized, the research department will continue to recruit talents. Shanghai Shuguang Communication Technology Company will invest 10 million yuan, and Ye Mingxin’s team will Developed SG-88.02 million digital program-controlled switches with a maximum designed capacity of 60,000 doors.
After nearly half a year of construction, the first phase of the Kunpeng Software Company Park in Pengcheng has completed the comprehensive building, research center and first factory. Now the second factory, supporting facilities and employee dormitories are under construction and will be delivered by June this year. use.
Ye Mingde obtained quotations from Siemens, NEC, Fujitsu, Lucent and Ericsson, and through three rounds of negotiations with Murata Nobuki, general manager of the Shanghai Representative Office of NEC Communications Manufacturing Company, introduced a thousand-door digital line for US$3.77 million. Program-controlled switch production line.
The contract stipulated that the production line would be installed before April 5, 1988. On April 15, the training of technicians and production line employees would be completed, and on May 4, trial production would begin.
Today, the black market price of US$3.77 million (1:7.4) is equivalent to more than 27 million yuan. This is the largest investment since the establishment of Jiangcheng Taobao Electrical Appliance Company!
At the company headquarters, Sun Jian attended the signing ceremony!
Nowadays, banks are tight on foreign exchange. Even according to the black market price, Shanghai Shuguang Communication Technology Company is not eligible to apply for foreign currency loans. Fortunately, Jiangcheng Kunpeng Software Company has accumulated 1,300 yuan by selling software products such as Peng Hanka1.0 and Peng Hanka2.0. Thousands of dollars, otherwise we will feel helpless!
Shanghai Shuguang Communication Technology Co., Ltd. borrowed US$4 million from Jiangcheng Kunpeng Software Co., Ltd. with interest on a one-year bank loan in foreign currency.
Although both companies are high-tech companies with independent operations, independent accounting, and responsibility for their own profits and losses, and have been exempted from corporate income tax for three years, the brothers are clearly settling the score!
Jiangcheng Taobao Electrical Appliance Co., Ltd. borrowed money from Jiangcheng Kunpeng Software Co., Ltd., and repaid the principal and interest based on the one-year loan interest, which was included in the financial expenses of Jiangcheng Taobao Electrical Appliance Co., Ltd.
The accounts are clear!
Comply with national tax regulations!
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January 17th.
Sunday.
Company headquarters restaurant.
The seats were packed.
"Comrades, today is the day of the 1988 shareholders' meeting of Jiangcheng Xinghuo Aluminum Doors and Windows Co., Ltd. We welcome the shareholders of Xinghuo Company to the scene. Now, I would like to invite Comrade Sun Jian, chairman of Xinghuo Company, to speak."
Bang bang...
Li Tao, deputy general manager of the head office and director of the board of directors of Xinghuo Company, presided over the meeting.
Sitting on the rostrum were Chairman Sun Jian, Board Secretary Yang Changxia, Director He Zonghui, Director Zhang Bin, Director and Spark Company Manager He Minghong and Spark Company Deputy Manager Yang Xingguo.
"Comrades, good morning. Last Sunday, because Director Yan and others were in Beijing to attend the commendation meeting for the first prize for scientific and technological progress, the shareholders' meeting of Spark Company was postponed to today. On behalf of all shareholders, I would first like to thank the management and management of Spark Company. Staff for all their hard work over the past year!”
Bang bang...
"Comrades, the development of Xinghuo Company last year is obvious to all. In four words, the business is booming. How much money did it make? How to distribute dividends? How will the company develop next? I will ask Comrade He Minghong, the director and manager of the company, to elaborate on it later. I am here to tell you two good news. The first good news is that you have already seen that the four science and technology talent buildings in the first phase of the Spark Garden project will be accepted next week. In addition to leaving 24 sets of finely decorated housing to introduce senior talents In addition, the remaining 180 well-decorated houses are distributed to employees so that everyone and their families can move into their new homes before the Chinese New Year!”
Bang bang...
"Comrades all know that the district government has specially approved the residential land for scientific and technological talents. The first phase of the talent housing project mainly provides housing for the talents and outstanding employees recruited from the society. Most of the employees present will not have the opportunity to be allocated housing this time. !”
"On January 10, 1986, I remember very clearly that I promised the one hundred employees recruited by Jiangcheng Shunyuan Construction Company that ten years later, by January 10, 1996, who would Not a household worth ten thousand yuan? Jiangcheng Shunyuan Construction Company promised to help someone build a two-story building for free! Who would have thought that the company would develop to where it is now in two years? I didn't expect it either! I am here to tell you again today We promise that all original shareholders of Spark Company, within three years, until January 17, 1991, as long as you are still working in the company, you will be allocated a set of finely decorated houses of different sizes!"
Bang bang...
The applause lasted for a long time.
"The second good news is that during the Spring Festival, the company will give everyone an extra month's salary for the New Year!"
Bang bang...
"The company will distribute another 30 yuan worth of fish to everyone!"
Bang bang...
“After democratic recommendation and the company’s centralized evaluation, the Kunpeng Hanka development project team, Sugon push-button phone project team and Sugon program-controlled switch project team have been evaluated as having special contributions and will receive a special bonus of 50,000 yuan from the company!”
Bang bang...
"After democratic recommendation and the company's centralized evaluation, ten comrades including Yan Yuanchao, Ye Mingxin, Zhu Zhijie, He Minghong... were evaluated as the company's outstanding pacesetters in 1987, and each was awarded 500 yuan."
Bang bang...
"Now, would you like to ask Comrade He Minghong, director and manager of Spark Company, to speak?"
Bang bang...
"Dear shareholders, I have been entrusted by the board of directors to report to you the performance of Spark Company in 1987, dividend arrangements and work goals for 1988. The company's board of directors, under the leadership of Chairman Sun, has reviewed and discussed with all employees of Spark Company. With joint efforts, Xinghuo Company built six production lines by the end of last year, with both production and sales booming. In 1987, it achieved sales revenue of more than 14,375,000 yuan and a profit of 2,873,500 yuan. The tax paid was more than 518,000 yuan, the net profit was more than 2,353,000 yuan, and the profit per share was 0.56 yuan."
"In accordance with the regulations of joint-stock companies, 10% of the statutory provident fund is withdrawn, totaling more than 235,300 yuan; 5% of the public welfare fund is withdrawn, totaling 117,650 yuan; 100% is withdrawn The fifth discretionary surplus reserve fund totals 117,650 yuan; the profit available for distribution to all shareholders is 1,882,400 yuan. After a meeting of the company's board of directors, it was decided that a dividend of 40 cents per share will be distributed. 1.68 million yuan, and the remaining profit of 222,400 yuan will be transferred to the company’s capital reserve fund.”
"The company's fixed assets now reach more than 3,254,000 yuan, current assets exceed 1,750,000 yuan, zero liabilities, no receivables, and more than 1,450,000 yuan of prepayments on the account. , with more than 2.93 million yuan in cash and net assets of 1.25 yuan per share."
"The production orders for Xinghuo brand aluminum alloy doors and windows have been scheduled until July this year. Six production lines are now in full production. The company plans to achieve sales revenue of more than 30 million yuan and profits of more than 6 million yuan in 1988. The company has not added production lines this year. investment plan.”
