# Cui Peijun
Latest news and articles about Cui Peijun
Total: 3 articles found
The Crane King of Henan: Why Radical Profit-Sharing is the New Benchmark for 'Socialist Entrepreneurship'
Henan Mine, a dominant force in China's crane manufacturing industry, has gained national fame for distributing the majority of its annual profits as cash bonuses to employees. Operating without debt or external investors, the firm’s paternalistic model offers a resilient alternative to the high-leverage growth strategies common in modern Chinese industry.
RMB180m in Bonuses and a Mountain of Cash: How a Henan Crane Maker Rewrote the Rules on Pay
Henan Mining Crane Co. distributed RMB60m in cash at an annual meeting and RMB180m in total year‑end bonuses, equal to two‑thirds of 2025 net profit, benefiting over 7,000 employees. The move—driven by majority owner Cui Peijun and paired with commission‑heavy incentive structures and labour‑sensitive policies—highlights a pragmatic approach to retention and productivity amid broader cost‑cutting in Chinese manufacturing.
Henan Crane Maker Hands Out Rmb180m in Year‑End Bonuses — and Lets Workers Count the Cash Live
Henan Mining Crane Co. announced Rmb180 million in year‑end bonuses — two‑thirds of its Rmb270 million profit — and staged a public cash‑counting event that distributed Rmb60 million on site. The spectacle mixes staff incentives, PR and political signalling, but raises practical questions about tax compliance, fairness and sustainability.