The company's profit is 270 million, with 180 million allocated for year-end bonuses!

On February 13, according to Red Star Capital Bureau, Henan Mining Crane Co., Ltd. (hereinafter referred to as “Henan Mining”) held its annual company meeting today.

Known online as “the boss who loves to give out money the most,” Henan Mining founder Cui Peijun announced that over 60 million yuan in cash year-end bonuses would be distributed at the meeting, with additional online distributions, bringing the total year-end bonus to over 180 million yuan. The company’s cumulative profit for 2025 is 270 million yuan.

Screenshot from “Henan Mining Crane” video account

According to Elephant News, Cui Peijun stated in an interview: “It’s not that I love to give out money; I just want young people to have it easier. Many are under pressure from car loans and mortgage payments, so I want to lighten their burden a little.” He also responded to recruitment inquiries: “In 2026, we plan to hire 63 people. Due to the high number of applicants, the admission criteria are quite strict.”

Cui Peijun also showed reporters his personal tax payment slip. He said the money given to employees is after-tax personal profit sharing, and he is not reluctant to share it. “If I can give employees a little more, I will. If profits are good next year, I will increase it.”

According to Jiupai News, Henan Mining President Wei Xueming said that this year’s bonuses are six to seven million yuan more than last year. He stated, “The company is like a big family. Cui is like a patriarch, always adhering to the principle of ‘walking the great way together and achieving common prosperity.’” The mining group’s return to hometown factories is also a way to give back to the local community, providing a platform for earning money and employment opportunities.

This is not the first time Henan Mining has “distributed money.” In January 2025, Henan Mining Group held its 2024 annual meeting. Cui Peijun introduced that in 2024, the company’s output value was 10.3 billion yuan, with a profit of 260 million yuan, and 170 million yuan was distributed to employees.

In January 2023, Henan Mining trended on social media for “stacking year-end bonuses into a money mountain.” Video footage showed the company at the year-end bonus distribution site building a wall of cash, with employees holding stacks of cash as they left the stage. A person from Henan Mining’s publicity department stated that the company held an annual sales summary meeting, distributing a total of 61 million yuan in bonuses to 40 sales employees, with the lowest bonus at 1 million yuan and the highest at 5 million yuan.

Henan Mining’s large cash distributions have previously sparked online criticism. Cui Peijun responded that he does not care about online doubts; what matters is that the intention is good for employees. Distributing cash also allows face-to-face communication with employees and creates a lively, festive atmosphere at year-end.

Henan Mining was established in September 2002. Its legal representative, executive director, general manager, and actual controller are all Cui Peijun, who holds approximately 98.88% of the shares. Although the name includes “Mining,” the main business of Henan Mining Group is not directly related to mineral resources. The company mainly engages in the research, production, and sales of various cranes and supporting components, including “Mine Source” brand bridge cranes, gantry cranes, electric hoists, and over 110 types of lifting machinery. Its clients include aerospace, automotive, shipbuilding, steel smelting, petrochemical, railway, military industry, and other sectors, including large state-owned enterprises such as China Baowu, China Railway Group, China Metallurgical Group, China National Nuclear Corporation, and China Aviation Industry Corporation.

Apart from Henan Mining, several other companies have recently attracted online attention for generous year-end bonuses.

According to media reports, Shenzhen 3D printing company Tuozhu Technology’s total year-end bonus payout in 2025 increased by over 50% compared to 2024. Among employee year-end incentives, the bonus amounts and the maximum months converted into salary exceeded 2 million yuan and 25 months, respectively. Its revenue in 2025 has already surpassed 10 billion yuan.

On February 11, Ying Shi, a smart imaging technology brand, held its annual meeting in Shenzhen, where employees received generous prizes including five sets of commercial housing, a Porsche, and 36 grams of custom gold banknotes. Ying Shi CEO Liu Jingkang responded on social media, saying, “Many times, motivating high-end talent relies on a sense of achievement, honor, or shared values, but direct material incentives are also very important.”