Chapter 1763 What to do if you can't spend too much money
After the first quarter of Xuanping 37, major companies listed on the stock exchange have publicly released financial statements.
However, people were surprised to find that the expected losses did not occur, and each of them actually made more money than last year.
As an enterprise directly under the Ministry of State-owned Enterprises, Jiangnan Textile Company is the largest textile company in the empire and the first listed textile company. It is involved in various types of cotton spinning, wool spinning and silk spinning, from spinning, reeling to weaving.
Printing and dyeing have a complete industrial chain, and they are also the enterprises that employ the most female workers in the empire.
Since last year, the company has implemented a strict welfare policy, limiting working hours and implementing minimum wage standards in all its affiliated factories.
At the same time, in response to the government's call, their various textile products have not increased in price!
After the first quarter financial statements were released, people could hardly believe their eyes!
Jiangnan Textile Company's net profit in the first quarter of Xuanping 37th year increased by 5% compared with the same period last year!
Not only was there no loss, but it was even more profitable. This is almost unbelievable. If you continue to look at the detailed statements, you will find out.
Although Jiangnan Textile Company was affected by rising labor costs in the first quarter, which led to a decrease in profit margins, their sales increased significantly. On the premise that the product prices did not increase, sales increased significantly.
The increase is naturally because more goods are produced and sold.
At the same time, the government has also given certain tax incentives to labor-intensive industries such as the textile industry.
So in the final summary, it turned out to be more profitable than last year!
Don't underestimate this 5% profit increase. This is Jiangnan Textile Company, which is huge, and the larger the size, the lower the profit margin.
Behind any small increase is a huge amount of money.
Coincidentally, not only Jiangnan Textile Company, but also many companies have experienced similar situations!
Their labor costs have increased, resulting in a decrease in gross profits. However, due to a substantial increase in sales and tax incentives or subsidies, the final net profit has slightly increased compared to the same period last year, and even if there is no increase, it can still
flat.
There are some that actually make losses, but the overall number is quite large, and most of them are inferior enterprises themselves.
Even the Ministry of Commerce was shocked by this situation, and they conducted an investigation.
Finally, we came to the conclusion: that is, workers' income has increased, they have more money for consumption, and the consumer market has become larger, the factory will produce more products to supply the market, and finally the company's sales will also increase.
Although labor costs have increased, resulting in lower profit margins, when total sales have increased, even if profits are low, the final net profit still increased.
This situation made the entire Ministry of Commerce extremely excited, and they quickly announced the report.
The expected economic depression did not occur, but prosperity occurred, which made reformists such as Chen Lifu and Xie Yiwei even more excited.
The only person who was not surprised by this was Li Xuan himself.
Even though he was not an economic expert or scholar in his previous life, he lived in modern times and experienced the era of information explosion, so he knew it very well.
Although welfare policy is intended to protect the lives of the people at the bottom, it also has a role that cannot be ignored, that is, it can stimulate domestic demand, stimulate consumption, and thus guide economic development.
As long as welfare policies are not carried out foolishly and do not exceed the level of productivity, then it is beneficial to implement welfare policies appropriately.
Of course, if, like some small countries in later generations, they do not even have a profitable industry and only blindly improve various welfare, and it does not only provide the welfare of workers, but improve the welfare of various social idlers,
In the end, it will be impossible to survive, not to mention financial ruin, and it will also cause the Great Depression.
The current policies of the Tang Dynasty are all aimed at workers, not the idlers in society.
Moreover, there were no idlers in the Tang Dynasty, at least there were absolutely no refugees, because as soon as they found refugees, vagrants, beggars, etc., the young men would just grab them and throw them into the factory. As for the disabled,
Women and children are taken into care in various orphanages, nursing homes or asylums.
In order to cooperate with the subsequent gradual elimination of child labor, Li Xuan has personally issued decrees since the end of last year, requiring all localities to establish a complete orphanage system.
We must bear the responsibility that we must bear!
Songjiang Prefecture has always been a place that actively responds to the call of the Holy Emperor, and there is no shortage of money, so starting from the end of last year, they built twenty large-scale orphanages in one go to accommodate people who used to work in factories, but are now being
You are homeless after being laid off, or you have children who cannot be fed at home.
In addition to the original orphanages, there are nearly 40 orphanages in Songjiang Prefecture alone, adopting tens of thousands of orphans.
Such a huge burden may be difficult for other places, but it is nothing for Songjiang Prefecture. A little leakage from other aspects every year is enough to support more than 10,000 orphans.
In recent years, Songjiang Prefecture has become richer and richer with the development of industry and commerce. Its urban area is getting larger and larger, and its population is getting older and larger. Today, the urban population has reached more than two million, plus
The population of one million people in the suburbs has already reached more than three million.
So many people mean numerous factories and enterprises, otherwise it would not be possible to provide so many jobs to feed such a large population.
Songjiang Prefecture, which is extremely developed in industry and commerce, has an annual fiscal revenue that other places need to look up to.
In the thirty-sixth year of Xuanping, the national tax paid to the national treasury by the Songjiang Prefecture alone was nearly 40 million, while the central fiscal revenue of the entire empire was only more than 300 million.
As for Songjiang Prefecture's local tax, even if part of it is taken away by Jiangnan Province, the total local fiscal revenue remaining in the government's finance and the county's finance is still more than 20 million!
More than 20 million in local taxes!
It’s just a mansion!
In many provinces, their total tax revenue is not that high, let alone local taxes.
How will more than 20 million yuan in local fiscal revenue be spent?
This is a difficult question!
It has troubled the successive prefects of Songjiang Prefecture over the years.
Because this money is really too much, and it attracts the attention of the whole world. Everyone is watching, for fear that you will keep the money in your own pocket.
Especially those censors, everyone knows that Songjiang Mansion is rich, they all wait for you to be greedy for money with their eyes wide open, and immediately start arresting people as soon as they find out.
Then, he was promoted the next day!
Many censors who were originally unknown became famous in Songjiang Mansion, and then gained fame and rose through the ranks, becoming high-ranking officials in the Inspectorate.
So how to spend so much money is also a big problem. If you don't do it right, you will lose your head!