A Chinese company has piled up $26million in cash for its end of year party, allowing employees to go home with as much as they can carry.
The firm, Henan Kuangshan Crane Co. Ltd., held its annual party on February 13 and placed the vast sum of cash on 800 banquet tables.
Under bright, coloured lights, suited employees were seen gleefully eyeing the piles of notes on the tables.
An estimated 7,000 people attended the company’s celebration.
One employee managed to carry home $13,000 worth of cash, according to Korean newspaper Chosun Daily.
During the company’s gala, the firm’s boss Cui Peijun reportedly said: ‘Why are we giving out washing machines? Do you think gold prices have gone up?
‘In previous years, we gave necklaces and rings, bring up the cash and give everyone another 20,000 yuan (US$2,800).’
He said of the unusual method of handing out bonuses: ‘Some people ask why we don’t just transfer the money to their accounts, but that way, it’s just cold numbers.’
A Chinese company has piled up $26million in cash for its end of year party, allowing employees to go home with as much as they can carry
An estimated 7,000 people attended the company’s celebration
The firm’s boss Cui Peijun (pictured) said: ‘Some people ask why we don’t just transfer the money to their accounts, but that way, it’s just cold numbers’
Cui holds 98.88% of the company’s shares, effectively returning a major portion of his dividends to employees.
The company, which makes and hires out cranes and, was set up in 2002 and has business operations in over 130 companies.
It has a history of generosity to its employees.
In 2024, the company recorded a net profit of $38million, of which around $24million was given to employees.
And to celebrate International Women’s Day last March, it have nearly $230,000 in bonuses to nearly 2,000 female employees.
Peijun has previously spoken out about his motivation for giving out so much money to his staff: ‘It is not that I love giving out money, it is that young people are burdened with car loans and mortgages and any relief we can offer helps.’
According to data from the World Bank, China has consistently outperformed both the UK and US in terms of GDP growth every year since 1977.
In 2024, China achieved a 5% annual growth. The US saw a 2.8% growth, while the UK saw a paltry 1.1% increase in GDP.
