Valley Emperor

After the first quarter of the 37th year of Xuanping, major companies listed on the stock exchange have publicly released their financial statements.

However, people were surprised to find that the expected losses did not happen, and each one turned out to be more profitable than last year.

As an enterprise directly under the Ministry of State-owned Enterprises, Jiangnan Textile Co., Ltd. is the largest textile company in the empire, and also the first listed textile company. Printing and dyeing has a complete industrial chain, and it is also the enterprise that employs the most female workers in the empire.

Since last year, the company has implemented a strict welfare policy, and its factories have implemented restrictions on working hours and the implementation of minimum wages.

At the same time, it is also in response to the government's call that their various textile products have not increased in price!

And when the financial statements for the first quarter were released, people could hardly believe their eyes!

The net profit of Jiangnan Textile Company in the first quarter of Xuanping 37 years increased by 5% compared with the same period last year!

Not only did it not lose money, but it made more money, which is almost unbelievable, and if you continue to look at the detailed reports, you will find out.

Although the Jiangnan Textile Company in the first quarter was affected by the increase in labor costs, which led to a decrease in profit margins, their sales increased significantly. The increase is naturally due to more commodities being produced and sold.

At the same time, the government also gave 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 the 5% increase in profits. This is Jiangnan Textile Company. It is huge, and the larger the volume, the lower the profit margin.

There is a lot of money behind any small rise.

Coincidentally, not only Jiangnan Textile Co., Ltd., but also many companies have a similar situation!

Their labor costs have increased, resulting in a decrease in gross profit. However, due to a substantial increase in sales and tax incentives or subsidies, the final net profit has increased slightly compared with the same period last year, and more even if there is no increase, it can still be flat.

There are also real losses, but the overall number is quite large, and most of them are inferior enterprises.

Even the Ministry of Commerce was surprised by this situation, and they investigated it.

The final conclusion is that the income of workers increases, there is more money for consumption, and the consumer market is larger, the factory will produce more products to supply the market, and finally the sales of the enterprise will be larger.

Although labor costs have risen, resulting in lower profit margins, after the total sales volume is large, even if the profit is low, the final net profit still rises.

This situation made the Ministry of Commerce extremely excited, and soon released the report.

The expected economic depression did not happen. Instead, there was a boom, which made the reformers such as Chen Lifu and Xie Yiwei even more excited.

The only one who was not surprised by this was Li Xuan himself.

In his previous life, even if he was not an economic expert and scholar, he lived in modern times and experienced the era of information explosion, so he knew it very well.

Welfare policy is for the purpose of ensuring the livelihood of the people at the bottom, but it also has a role that cannot be ignored, that is, it can pull down domestic demand, stimulate consumption, and guide economic development.

As long as we don't foolishly engage in excessive welfare policies and do not exceed the level of productivity, then the appropriate implementation of welfare policies is beneficial.

Of course, if it is like some small countries in later generations, it does not even have a profitable industry, and only blindly improves various welfare, and not only provides the welfare of workers, but improves the welfare of various social idlers, etc., In the end, it will not be able to hold back, not to mention financial bankruptcy, and it will also cause the Great Depression.

Datang's current policies are aimed at workers, but not at idle people in society.

Moreover, there are no idle people in Datang, at least there will be no refugees, because once they find refugees, vagabonds, beggars, etc., young people usually grab them and throw them into factories. As for disability, Women, children and children are accommodated in various orphanages, nursing homes or asylums.

Since the end of last year, Li Xuan has personally issued a decree, requiring all localities to establish a sound orphanage system.

Responsibility must be taken!

Songjiang Prefecture has always been a place to actively respond to the call of the Son of Heaven, and it is not bad for money, so since the end of last year, they built 20 large orphanages in one go to accommodate people who used to work in factories, but are now being Homeless after dismissal, or children who cannot support the family.

In addition to the original orphanages, there are nearly 40 orphanages in Songjiang Prefecture alone, and tens of thousands of orphans have been adopted.

Such a huge burden may be difficult for other places, but for Songjiang Prefecture, it is nothing. A little leaked from other areas every year~www.wuxiaspot.com~ is enough to support more than 10,000 orphans.

In recent years, with the development of industry and commerce, Songjiang Prefecture has become more and more wealthy, its urban area has become larger and larger, and its population has become older and larger. Now the urban population has reached more than two million, plus There are millions of people on the outskirts of the city, which has already reached more than 3 million people.

So many people mean that there are many factories and enterprises, otherwise it would not be able to provide so many jobs to feed so many people.

In Songjiang Prefecture, where industry and commerce are extremely developed, the annual financial revenue is also a figure that other places need to look up to.

In the thirty-six years of Xuanping, the state tax paid to the treasury by Songjiang alone was nearly 40 million yuan, and the central fiscal revenue of the entire empire was only more than 300 million yuan.

And Songjiang Prefecture's land tax, even if a part of it is divided by Jiangnan Road, but the full-service local fiscal revenue that remains in the prefecture's finances and the county finances is still more than 20 million!

More than 20 million land tax!

It's just a house!

In many provinces, the entire tax revenue of one province is not that much, let alone the local tax.

How to spend more than 20 million local fiscal revenue?

This is a puzzle!

Over the years, the prefects of Songjiang Prefecture have been troubled.

Because the money is too much, and it attracts the attention of the world, everyone is staring at it, for fear that you will put the money in your own pocket.

Especially those censors, all of them knew that Songjiang Mansion was rich, all of them were waiting for you to be greedy for money, and they immediately started arresting people as soon as they found out.

Then, they were promoted the next day!

Many of the censors who were originally unrecognizable have achieved prestige in Songjiang Mansion, and then gained fame, rising step by step, and became the top officials of the Inspectorate.

So how to spend so much money is also a big problem.