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Text Chapter 39 The power of technological transformation

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    At the end of the twenty-first year of Guangxu (1895).  Unlike other local workshops, Yang's Cloth Company has one more activity before the end of this year.  It will convene a shareholders' meeting to discuss the company's dividends.  Considering that many of the shareholders are villagers of Yangpu Village, this shareholders¡¯ meeting was arranged to be held at Yangpu Village Primary School.  Unlike when we attended the first shareholders¡¯ meeting, where everyone was curious and confused, this time, everyone has a little more expectation.  What to expect?  Of course I am looking forward to receiving dividends!  Although everyone knows that it has only been more than three months since Buhang became a joint-stock company, it is already very good to be able to solve the crisis of being blocked by local peers.  When it comes to how much money can be made, everyone rationally does not have much hope.  Even so, it cannot stop the expectations deep in the hearts of shareholders.  What if the company makes money?  That would be so gratifying.  "Shareholders, as the general manager of Yang's Cloth Company, on behalf of all the colleagues of the company, I would like to report to everyone here the company's operating performance in the past three months since its establishment!" Shareholders, especially the villagers of Yangpu Village, listen to the announcement.  My boss gave me a work report, which was a very novel experience.  Many of them are just small shareholders who invested one or two yuan, but at this moment they feel like they are the big boss.  It was also the first time for Yang Shaowen to give a performance report to shareholders. Seeing the more than 100 shareholders listening attentively, he couldn't help but feel a little nervous.  During the past 110 days of operation, Yang's Cloth Company sold a total of 220,000 pieces of cloth and received 150,000 pieces of cloth, effectively digesting the backlog of homespun cloth that had been accumulated some time ago.  The total income from selling cloth is 72,000 yuan, including accounts receivable of 29,000 yuan and profit of 305 yuan.  The payment for the yarn has just been paid, and the company currently has more than 12,000 yuan in cash on its account.  It can be said that the company has completely said goodbye to the crisis of cash flow depletion.  Listening to the operating figures reported by Yang Shaowen, the mood of the shareholders below was high and low.  Especially when I heard that the company had sold more than 200,000 pieces of cloth and recorded an income of 72,000 yuan in more than three months, I was extremely excited.  For many of them, 200,000 and 70,000 are astronomical figures, completely beyond their imagination.  But when I heard that the profit was only 305 yuan, my face immediately collapsed.  With an income of more than 70,000 yuan, the profit is only a few hundred yuan. The gap is really huge.  On the stage, Yang Shaowen explained the reason to shareholders: "The homespun cloth we are selling now is mainly concentrated in the surrounding areas of southern Jiangsu. Because of the long distance, the transportation and gold expenses are not small. Some time ago, due to the company's shortage of funds,  We have also given cash discounts to many fabric stores. It is for these reasons that our company¡¯s profit margin is low.¡± After explaining the reasons, Yang Shaowen did not forget to cheer everyone up: ¡°Please rest assured that the profit is only small.  Temporarily. As long as we can open the southern Jiangsu market, the company's profit margin will immediately increase. The sales staff below also reported that the situation is very optimistic. In the villages and towns in the Nanjing area, machine gauze has slowly penetrated into the local area.  It¡¯s only a matter of time before gauze returns to the local area.¡± After such an explanation, the shareholders¡¯ faces became much better, and many people began to speak well of Yang Shaowen.  "Back then, we were still afraid that the cloth guild would not be able to withstand the ban imposed by the cloth industry guild. Now we no longer have this crisis. This is the biggest achievement." "Yes, our cloth bank now has tens of thousands in its account.  As for cash, it¡¯s completely different from the dilemma of not being able to pay wages or pay for the collection at the beginning! " "Our initial capital was only 4,000 yuan, and we made 305 yuan in just over 3 months.  In fact, it¡¯s pretty good.¡± Yuan Huiqing said, ¡°Yes, the monthly interest is almost 2 cents and 5 cents, which is no worse than my own loan!¡± After she said this, many people came back to think about it.  If it is not worse than other people's loans, then this business performance is really good.  At the beginning, everyone felt that the profits were too low, mainly because the company's revenue scale was relatively large.  Some simple-minded shareholders don't quite understand why a mere 4,000 yuan in principal can support such a large-scale transaction.  In fact, a very important point is that my husband, Mao Yangxing Co., Ltd., coveted the machine yarn market in southern Jiangsu, and gave Yang's Cloth Company a three-month credit period for the machine yarn.  This is a great benefit.  When the representative of my husband¡¯s Mao Yang Company came to collect the payment, he actually had some opinions about Yang¡¯s Cloth Company.  Because they found that Yang's Cloth Company currently sells most of its cloth in markets outside southern Jiangsu, and these places are already markets for machine gauze cloth.  This approach is actually taking away food from the original machine yarn market, which is somewhat different from their expectation that Yang's Cloth Industry will open up the local market in southern Jiangsu.  Fortunately, they more or less saw Yang's Cloth Company's efforts in exploring the southern Jiangsu market, and finally agreed to continue the three-month credit period.  Yang Shaowen, who was in front of the stage, raised his right hand and pressed the button to stop.It aroused discussions among shareholders.  "Okay, the company's performance report is over. Now I'm going to give you a surprise, so that you can build strong confidence in the company's development next year!" After some relocation, an open space was opened in front of everyone.  Several craftsmen brought up a machine, which was covered with a red cloth.  As Yang Shaowen slowly uncovered the red cloth, the machine revealed its true appearance.  "Loom!" "It's just a wooden loom, what's so special about it?" "Hey, it's a little different." Amid the questions from shareholders, Yang Yuhua began to operate the loom skillfully.  "Ah, the shuttle of this loom does not need to be thrown by hand. Just pull the rope with your hand and the shuttle will automatically run back and forth. It is so convenient!" "This machine is really cleverly designed. Such a simple device can solve the problem.  The trouble of throwing the shuttle by hand will be eliminated. Now, the efficiency of weaving will be greatly improved!" After the shareholders discussed for a while, Yang Shaowen introduced to everyone: "Yes, this is the trump card the company is preparing for next year, the hand-operated machine.  ! As everyone expected, it can significantly improve the efficiency of weaving. We have calculated that a skilled weaver can weave about one piece of cloth a day using the original shuttle machine. If we switch to our hand-pulled machine,  Three pieces of cloth can be weaved in two days!¡± Someone exclaimed: ¡°Ah, the efficiency can be increased by half, the effect is indeed amazing!¡± ¡°That¡¯s right, it¡¯s not half, but doubled!¡± After Yang Shaowen¡¯s reminder, many talents  Notice that the original hand-woven homespun cloth is wider than that of the shuttle machine.  The width of the homespun cloth woven by the shuttle machine is about 1 foot, while the width of the cloth woven by the hand-pulled machine is 1 foot and 4 inches.  Yang Shaowen announced confidently and calmly: "The weaving efficiency is more than twice the original, and the price of wide-width cloth will also have many advantages. The cost of a hand-drawn machine is about 5 yuan, and it is necessary to transform an old weaving machine.  The cost of the machine is 3 yuan. It is conservatively estimated that with this technological innovation, the revenue of weaving can be doubled! Do you still have any questions about the company's prospects next year? " With a cry, the shareholders were all excited.  The final result of the shareholders meeting is that there is no need to pay dividends this year, and they will invest all the funds in the promotion of handheld machines.  Although this meager dividend has limited effect, shareholders are willing to do so!  The conference ended in a prosperous atmosphere, and only two brothers and sisters, Yang Shaowen and Yang Yuhua, were left.  "Brother, it's really tiring to do a big business!" Yang Yuhua said with some sigh: "After setting up a joint-stock company, after working hard for so long, I still don't make as much as I did before doing it alone!" "Haha, at least the scene is a lot bigger!  "Yang Shaowen comforted his sister: "Besides, my eldest brother's salary is quite a lot of income, so I will use it as a year-end expense." "The salary Yang Shaowen paid himself was not low. He has never received it.  After all calculation, the amount should be close to 300 yuan.  "Ah! Brother, when I calculated the labor cost, I omitted your wages!" Yang Yuhua screamed, and then complained: "Who told you never to receive wages, I have forgotten you!" Yang Shao  Wen almost dropped his head after hearing this.  Oh my, sister Madaha, wouldn¡¯t all the months of work he¡¯s been doing in this way have been in vain?  If his wages were deducted, wouldn't it mean that the company's profit this year would be almost zero?  Yang Shaowen was a little dizzy.
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