Reward 90000 yuan for three births + 12 months of maternity leave?
Recently, it is reported that Beijing Dabeinong Technology Group Co.Ltd(002385) has launched a program to encourage superior education for employees. Secretary Chen Zhongheng confirmed the news in an interview with the reporter of the daily economic news.
The above plan also caused controversy in the capital market. Some investors expressed their recognition of the company’s response to the national call, but others questioned that the move would increase the company’s cost. For the question of whether the reward of the excellent education program will raise the cost of listed companies, Chen Zhongheng responded to the reporter: “I think it should be said that the company is actively creating income and benefits.”
According to the third quarterly report disclosed by Beijing Dabeinong Technology Group Co.Ltd(002385) , in the first three quarters of 2021, Beijing Dabeinong Technology Group Co.Ltd(002385) achieved an operating revenue of about 23.4 billion yuan, a year-on-year increase of 53.55%; The net profit attributable to the shareholders of the listed company was about 100 million yuan, a year-on-year decrease of 92.76%. At present, the market value of the company is about 41.7 billion yuan.
Company Secretary: relevant plans are being refined
Specifically, Beijing Dabeinong Technology Group Co.Ltd(002385) launched the programs to encourage and improve children’s health, mainly including 30000 yuan for the first child, 60000 yuan for the second child and 90000 yuan for the third child. In terms of maternity leave, one month is added to the national standard for the first child, three months for the second child and 12 months for the third child.
In an interview with the daily economic news, Chen Zhongheng, the Secretary of the board of directors, said, “on the one hand, the background of the scheme is that the state has such a call. On the other hand, it is true that the birth rate in many provinces is not high, and the state attaches great importance to it. Beijing Dabeinong Technology Group Co.Ltd(002385) the company has always adhered to the concept of serving the country and prospering agriculture, so it actively responds to the national call.”
According to him, at present, this policy is first released in the company’s senior management group, and then released in the company’s core cadre group, “because we think that cadres should take the lead first. When age and conditions permit, cadres should play this leading role.”
The specific implementation methods and rules are being formulated. “The principle is to let employees benefit more.” Chen Zhongheng said that the company’s plan has been implemented since the release of the document.
At the level of listed companies, will this scheme have an impact on the performance of listed companies? Chen Zhongheng said that on the one hand, at the call of the state, the company will give employees some welfare policies, which should be of great help to their work enthusiasm and their struggle state, and also enhance the cohesion of the company’s employees. They will be more reassured and more actively contribute to the company and agriculture.
management expenses increased by 326 million yuan in the first three quarters of 2021
According to the data disclosed by Beijing Dabeinong Technology Group Co.Ltd(002385) , in the first three quarters of 2021, Beijing Dabeinong Technology Group Co.Ltd(002385) achieved an operating revenue of about 23.4 billion yuan, a year-on-year increase of 53.55%; The net profit attributable to the shareholders of the listed company was about 100 million yuan, a year-on-year decrease of 92.76%. Deduction of non net profit decreased to -53.51 million yuan.
Despite rapid revenue growth, net profit underperformed. In the first three quarters of 2021, Beijing Dabeinong Technology Group Co.Ltd(002385) operating costs increased by 77.69% year-on-year to RMB 20.843 billion. In the third quarterly report of 2021, Beijing Dabeinong Technology Group Co.Ltd(002385) explained that the increase in operating costs was caused by the increase in sales of pigs and feed.
In addition, in the first three quarters of 2021, Beijing Dabeinong Technology Group Co.Ltd(002385) management expenses and R & D expenses increased year-on-year, with an increase of about 326 million yuan and 103 million yuan respectively. For the increase of management expenses, Beijing Dabeinong Technology Group Co.Ltd(002385) said that it was mainly due to the increase of expenses in order to promote business development and strengthen the construction of talent team. The decline in investment income was mainly due to the loss of associated enterprises.
From the perspective of employees’ salaries of RMB 1.294 billion and RMB 309.6 million in 2018, respectively, corresponding to the salaries of employees of RMB 1.201 billion and RMB 0.025 billion in 2018. The per capita salary is 103700 yuan, 113300 yuan and 97500 yuan respectively.
In the first three quarters of 2021, Beijing Dabeinong Technology Group Co.Ltd(002385) cash paid to and for employees increased by 48.70% year-on-year, mainly due to the increase in employee compensation paid by the company. The increase in the payment of employee compensation and the increase in the payment of raw materials purchased by the company jointly led to a year-on-year decrease of 51.12% in the net cash flow from its operating activities.
It is worth noting that as of December 31, 2020, Beijing Dabeinong Technology Group Co.Ltd(002385) disclosed a total of 19414 employees. Assuming that each employee can receive a reward of 30000 yuan for one child, the maternity fund required by the listed company will be 582 million yuan.
Will the bonus set up to encourage childbirth further increase the management expenses? Chen Zhongheng did not give a positive answer. He said that the current management expenses of the company are mainly in the introduction of scientific research talents and the introduction of international and Chinese top high-end talents. It believes that the introduction of scientific and technological talents, the increase in the cohesion of ordinary employees, and the improvement of work efficiency and work enthusiasm are good things for agricultural enterprises and the agricultural industry under the background of Rural Revitalization. “I think it should be said that the company is actively creating income and benefits.”
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(source: Daily Economic News)
