Chapter 57 Overseas Chinese Preferential Treatment

  When he came out of the workshop, Su Cheng's hands were again covered in oil stains. He himself did not operate machinery, but when walking around in the workshop, how could he avoid touching those parts?

  Xiao Yang immediately sent over a towel for him to wipe down and said, "Assistant Li has applied for some more materials for the experiment, also, the accessories from Jinshi General Factory have arrived."

  "Oh? Who brought it?"

  "I heard he's a workshop director, over 50 years old."

  Su Cheng hummed and immediately lost interest. Even if the Victory Oil Field Machinery Factory became Dahua Industrial, a state-owned enterprise turned into a joint venture, the parts factory still had to ask for help from the assembly plant. Du Lijun sent over a workshop director in his 50s, apparently worried about being put in an awkward position.

  He also didn't bother to make things difficult for him.

  Finally having a factory of their own, Su Cheng had the foundation for his ambitious plans, and didn't have time to worry about Nanjing Shi Zong Chang - they would have plenty of time to deal with them later.

  "Has the oil pump been shipped?" Su Cheng walked with his head down and asked Xiao Yang by the way.

  As the director of the office, Director Yang is quite qualified and knows some details. He immediately replied: "All 20 units have been delivered to the Shengli Oilfield, and the other party has signed for them. Manager Lin led a team to install them. The ones sent to Daqing have also been shipped out."

  Su Cheng felt slightly more at ease. The most valuable thing for Dahua Industry was this order of 20,000 oil extractors, although the ex-factory price was controlled by the state, but each one could leave a profit of over 1,000 yuan, which was the basis for Dahua Industry to survive.

  If a certain oil field fails to fulfill its contract, Dahua Industrial will immediately fall into trouble.

  On that day, it was heard that the reform would be changed, and many state-owned enterprises were eager to re-allocate orders. That is, the TiGai Committee, the Ministry of Petroleum, and the Victory Oil Field all had people supporting Su Cheng, who was also eyeing the title of inventor, which could guarantee a profit of several million yuan in 5 years. Otherwise, relying solely on repairing oil fields would not even be enough to pay workers' wages.

  It's hard to imagine, but a company with over a thousand employees, each contributing 100 yuan per month, has fixed expenses reaching tens of thousands. Add to that equipment depreciation, water and electricity costs, lubricating oil, etc., the production line can't stop for even a moment.

  Returning to the office, I saw old factory director Li Zongxi, deputy factory director Huo Chang and trade union chairman Chen Liang were all there.

  The current Dahua Industry high-level executives left only two deputy factory directors and one factory director, plus the trade union chairman Chen Liang.

  Director Li Zongxi has long since stopped managing, but his existence is a stable signal for the workers. Su Cheng doesn't care about the name and hasn't asked for a replacement. This way, not only is Li Zongxi happy, but the oil field side is also happy to be trouble-free, and can also get a good reputation for being humble. It's like hitting three birds with one stone, at least it can be roasted to satisfy hunger.

  The remaining deputy factory director, He Chang, was an outsider, while Lin Tao had been with the factory since its establishment. The two middle-aged deputy directors voluntarily requested to be transferred, and Su Cheng did not stop them.

  Li Zongxi saw Su Cheng enter and immediately waved his hand excitedly, shouting: "Little Su, you've taken advantage again!"

  "Anything good?" Su Cheng smiled as he took off his coat.

  "Director Su, do you know the details of the preferential treatment for overseas Chinese?" Director Huo's thick southern accent was quite distinctive in the oil field.

  Su Cheng self-deprecatingly said: "I'm so busy my eyes are going straight, how would I know."

  "We didn't care about it before, and we wouldn't have known if we hadn't looked. Director Huo handed a document to Su Cheng and said: "This was sent to us by Director Ding's office. The 'Interim Provisions on Preferential Treatment for Overseas Chinese Investment' issued in 1985. Take a look, it's all about preferential treatment, it's simply too..."

  "Too much!" The old factory director added.

  Su Cheng took a look and found that the "Regulations" were indeed all about preferential treatment: overseas Chinese, whether they were joint ventures, sole proprietorships or cooperative enterprises, imported equipment and materials would be exempt from customs duties and unified industrial and commercial taxes in accordance with Article 71 of the Implementation Regulations of the Law on Sino-Foreign Joint Ventures.

  Overseas Chinese investment in foreign exchange, machinery and equipment, proprietary technology and patent rights, etc., from the year they start making profits, are exempt from income tax for three years. From the fourth year onwards, half of the income tax is levied for four years.

  These two alone can reduce corporate spending by over 20%, which is hundreds of thousands of dollars for machinery manufacturers.

  Looking down, the tax reduction period is over, and the income tax is reduced by 20%... Reinvestment tax refund 50%...

  "This is equivalent to not collecting taxes at all."

  "Exactly!" Director Huo said with a smile: "In the past, people used to say 'light cavalry', now we finally know what it means."

  Director Li Zongxi also tentatively said: "Little Su, in that case, can we afford to build a collective house?"

  Several people were delighted at once.

  Evening.

  Workers on night shift wages start work. The noisy oil production line has no time to rest at all.

  The afternoon shift workers reluctantly leave the workshop after cleaning up.

  The factory used to not have night shift allowances, only long night shifts of 12 hours had subsidies, about 80 cents per day, and a maximum of 2 weeks per month could be done, and the next two weeks were unpaid long day shifts. Equivalent to a 50% extension of working hours, but only an additional 10 yuan. After switching to Dahua Industry, it's different, night shifts are still 8 hours, from 22:00 to 6:00 the next morning, lasting for a month, with a 30% increase in salary, and everyone rushed to sign up.

  However, it's not that easy to get on the night shift. First of all, you must have a good attendance record, and if there is an unexcused absence, you won't have the opportunity to work the night shift for three months. Secondly, the pass rate of products and the recommendation of the team leader are also crucial.

  At the sight of a salary of over 200-300 yuan, the young people who the old factory director called "not being able to settle down" immediately became well-behaved, and the scene of chatting and neglecting work that used to happen every day never appeared again.

  The experimental workshop was also working overtime. Li Rongxiang listened to the bell ringing and operated the machine without lifting his head, humming in his mouth: "Su Cheng really spent money, this subsidy and that subsidy came down, and each month will be paid 50 yuan more?"

  "Otherwise, people would say that joint ventures are good. Look at the few who left, now they can't even get in through connections." Qin Gang said while measuring the workpiece inch by inch with a vernier caliper.

  They first need to manually process the drawings and test various performance indicators before purchasing or designing special fixtures for industrialized processing.

  This step usually takes several months, and if placed in a state-owned factory, it may take one or two years unless the leadership attaches great importance to it. Turning world-class into domestic leading, and turning domestic leading products into domestic first-class products is also one of the characteristics of the times.

  However, in Dahua Industrial, Su Cheng had no actual experience managing a factory, but he understood several management theories. For example, result-oriented management is very suitable for the current situation.

  For workers, Su Cheng requires an examination of work efficiency and good product rate. For the researchers in the technical department, Su Cheng only examines the time it takes to form a product.

  So workers get night shift pay in the evening, while Li Ruo Xiang and others only have bonuses hanging in the air. The earlier they complete the factory's anti-wear system within three months, the more money they will receive, so everyone is willing to work overtime voluntarily.

  The simplified anti-wear system designed by Su City consists of only three components, but the number of parts is still considerable. Just a pipe rod wear-reducing sleeve includes oil rod short connection, three-arc wear-reducing device and sleeve, each of which is composed of small parts with different quantities, many of which are proprietary parts designed later.

  Due to lack of reference, Li Jianxiang and other technical experts had to use a general-purpose lathe to process it, and also test various indicators.

  Three months to complete, must be busy and thin.

  ……