Li Yang had limited understanding of Green Water Group’s situation; if it weren’t for the information disclosed by the A-shares, he wouldn’t even know what the main business of Green Water Group was.
Normally, no one talked about these things at all.
For example, his parents had heard of Green Water Group, but they didn’t know what Green Water Group did.
They didn’t know that Green Water Group was a listed company, didn’t know who the boss was, and didn’t know anyone working at Green Water Group around them.
In his past life, Li Yang didn’t pay attention to the Qingbei Scholarship, so around this ti in his past life, he wasn’t familiar with Green Water Group either, similar to his parents.
But after Green Water Group went bankrupt, discussions about Green Water Group noticeably increased in the streets and alleys. There were heaps of gossip and conspiracy theories, which could be heard even in nearby counties.
Usually, when such things happen, there’s an organized and preditated motive behind it.
The gossip he heard most often was that the Bai Family was set up by soone, and that the Bai Family had signed labor contracts with too many disabled people, which compressed the shareholders’ interests of the company.
At that ti, he thought it was unreliable because the company he was with then was dreaming of hiring so disabled employees, offering pretty decent benefits.
Because hiring disabled employees could lead to tax exemptions, policy support, and subsidies, which could save the company a lot of money, far exceeding the wages they needed to pay the disabled employees.
Who would refuse such a good deal?
Even if a company hires disabled people making up 5% of their workforce, overall, it wouldn’t be a loss.
Unless it’s like White Elephant, where disabled employees make up one-third of the total employees, their revenue isn’t low, but they’ve always been losing money.
The proportion of disabled people to the company is like a function graph, decreasing monotonically between 0 to 1.5%, increasing monotonically between 1.5% to 5%, and decreasing again beyond 5%.
From Li Yang’s perspective, it’s likely due to Green Water Group’s poor managent leading to losses, because White Elephant’s losses weren’t due to bearing social responsibility, but due to comrcial pressure.
Taking on too much social responsibility, at most, would lead to a small loss; the core issue is one’s own managent.
By the usual stance, those rumors were likely spread by people with good relations with the Bai Family; their specific motives were unknown.
Moreover, officially, no one cared and let it spread.
At that ti, Li Yang wasn’t interested in these either; it wasn’t until Wu Tianqi ntioned that he originally had an aunt who was the richest person in a county, making it morable for him.
At the entrance of Geek Internet Cafe, Li Yang saw Bai Qing’s car, but this ti it was different from the last ti. The last ti she ca alone, this ti she was accompanied by another woman.
Seeing Li Yang approaching, Bai Qing ran over with a smile and grabbed his hand.
Then, seemingly shy, she said, "Honey, finally seeing you again."
She’s back! The old Bai Qing has returned.
Li Yang said, "Let tell you sothing, Wu Tianqi asked to block you and not to tell you that he instructed it."
Bai Qing laughed and asked, "Will you block , honey?"
"You’re my biggest patron. Why would I block you? Blocking you does no good."
"Hehe, don’t worry honey, I have plenty of money. I’ll make sure you’ll never be short of money in the future."
Although these words seed unrealistic to Li Yang, who just had a million thrown his way?
If Green Water Group had thrown it, he would at most say Bai Qing kept her promise.
But since it ca from Bai Qing’s private account, it wasn’t just about keeping a promise.
Even if he plans to pay it back in the future, it’s currently a considerable personal favor.
"Do you have any requests for ? I’ll try not to let your money be spent in vain."
Bai Qing was a bit surprised and asked if she could make a request?
So she said, "How about calling ’darling’?"
Li Yang didn’t hesitate and even put emotion into it, calling out, "Darling."
Bai Qing: "..."
Is that it?
She wasn’t ntally prepared at all.
The two of them happily went to play so gas, while inviting soone to spectate. Bai Qing said it was a coach from EDG Team, and Li Yang wasn’t familiar with him, maybe because he didn’t focus on the coaching staff, just the players.
Anyway, being able to win matches with Bai Qing in a rank above King and 800 points is impressive.
After a few gas, Bai Qing started communicating with the other party, and within just an hour, both sides confird their intention.
The LPL Sumr split was in full swing at this point, and since it was the second year of LPL, the rules weren’t that strict. Li Yang could still register as a professional player.
He hadn’t seen the contract yet, but he would definitely see it when signing ti ca.
If Li Yang found anything wrong with the contract, he would simply refuse to sign.
That’s 3 million; what’s a little delay?
After finishing these matters and seeing Bai Qing off, Bai Qing hugged him around the neck for a good while, even leaving drool on his neck.
Only this zero-distance contact could make him clearly feel how impressive Bai Qing’s figure was.
At around four in the morning, Li Yang returned ho, and then Bai Qing sent him a ssage.
"Honey, can you call ’wife’..."
Li Yang’s reply was straightforward: "No."
"You weren’t like this just now..."
"Had to show face when eting, but now we’re not, so hurry up and wash up, go to sleep, I can’t hold on anymore."
Bai Qing: "..."
"I’m honestly super, super happy today, this is the happiest I’ve felt in so many years."
No matter what, Bai Qing still sent this ssage.
"Goodnight husband, I’ll help keep an eye on the contract, it’ll probably be done in two or three days, I promise it’ll be just as I said, no trouble for you. But when signing the contract, you might have to go to Yangcheng with ."
"No problem, by the way, I have sothing I want to ask you, has Green Water Group hired a lot of disabled people?"
Li Yang decided to ask, so as not to be confused later.
After all, Bai Qing’s current economic situation is indeed not great.
Very quickly, Bai Qing replied, "It’s just okay, only 34%."
Li Yang: "????, how many?"
"Is that a lot?"
"Why hire so many? Green Water Group has an annual revenue of only about a few billion, can it sustain so many people?"
Bai Qing: "You’ve underestimated Green Water Group, its products have high gross profit, just these few years due to RMB appreciation, the gross profit has slightly decreased, but more than ten years ago, the annual net profit was five or six billion, and back then, five or six billion was much more valuable than it is now."
Indeed.
Li Yang opened the Green Water Group’s K-line chart to see, when it first went public, its market value had exceeded a hundred billion.
However, it didn’t last long, and within less than half a year it had fallen by half, and over the years the market value has hovered between twenty to thirty billion.
Li Yang glanced at Green Water Group’s financial report, discovering that this company actually has over 8000 people?
A company of over 8000 people, with this level of revenue, is it enough to pay wages?
This is just not a managent issue? With this output, even if it were farming, pure manual farming wouldn’t need so many people.
So he asked, "What do all the 8000-plus employees of Green Water Group do?"
Bai Qing said, "Originally it wasn’t that many, but later it beca this number."
"???"
"Here’s the thing, Green Water Group is my grandpa’s company. Back then when corporate restructuring happened, my grandpa contacted so people to acquire a canning factory in the county, with an agreent that those shareholders wouldn’t participate in operational decisions. The whole group was slowly built by my grandpa bit by bit. Later, luck was good, they secured export shares in Europe and Arica and began making big money. My grandpa wanted to give back to society, so after discussions with the county, they welcod a batch of disabled people. After that, there wasn’t much more, people kept coming, nearby counties are all quite poor and can’t collect much tax... Anyway, they just cramd them in, Green Water Group’s products have high gross profit, cramming in a few hundred people isn’t really an issue."
Li Yang: "Hiring disabled people isn’t there a subsidy for companies?"
"There’s no subsidy, just a tax reduction."
Li Yang: "..."
He seed to rember incorrectly because his experience was post-2022.
He quickly checked online and realized there really aren’t that many policies now?
Don’t know which year it was improved, but currently only so regions have it, and it’s counted in local finances.
Jiang City, being a poor county, barely has any annual tax inco.
"Why did the group evolve into over 8000 people?"
"So people were unwilling... my grandpa had already told them while he was alive that he was willing to buy at a 150% premium their total 13% of shares, and at that ti the market value was at its peak. But they were unwilling, thinking Green Water Group could bring them more profits. Later my grandpa passed away, and those people started ddling in company affairs. Whenever our family accommodates a disabled person, they would arrange two idle-wage individuals at the company... Over the years, the dogs in their hos were all getting paid by the company."
Honestly, upon seeing this, Li Yang admired Bai Qing’s grandpa quite a lot.
But admiration aside, this behavior isn’t right, is it?
Main shareholders should prioritize company interests and safeguard other shareholders’ interests.
Doing this way, company interests decline, shareholders don’t get money, they’ll surely cause trouble.
So he asked, "Why not try to expand the company?"
"Because it’s poor, nearby counties are poorer than each other. If those disabled people aren’t accommodated, the county governnt simply doesn’t have the financial capacity to support."
"Isn’t the guarantee for disabled individuals funded by the national treasury? How does it relate to localities?"
"The funding quota is limited. For example, Jiang City, it’s relatively decent these past two years, but previous years it allocated just twelve million per year. Public facilities, personnel wages all have to be covered from this. Tax revenues were already inadequate, expenditure compared to inco had a gap of tens of millions. But those public facilities must be built, without them, there’s even less economy. Besides, ensuring employnt for disabled individuals counts as performance and can apply for more funds. That’s what my dad told . If Green Water Group made money, nearby counties would have more people falling into poverty, details are unclear to , you know, I’m not interested in these matters, I just want to play gas, dear husband."
Li Yang couldn’t verify its authenticity because he didn’t understand these matters.
Policies and such, not being closely related to oneself, really wouldn’t pay attention.
He replied, "I feel like those shareholders would want to kill you all."
"Haha, yeah, they’ve already killed three people from my family, probably wouldn’t care for one more of ?"
Li Yang: "..."
"Why isn’t anyone protecting you?"
Logically, with the Bai Family having such incidents so many tis, there should be protective asures locally.
"My dad was deliberately hit by a tanker truck by its driver..."
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