Chinese Crane Company Boss Stuns Staff with $26 Million Cash Pile at Year-End Celebration
In a staggering display of corporate generosity, the owner of a major Chinese industrial firm left employees utterly astonished by stacking an enormous $26 million in cash at the company's annual year-end party. The extraordinary scene unfolded as workers were invited to take home as much money as they could physically carry from the towering piles of banknotes.
Spectacular Celebration with 7,000 Attendees
Henan Kuangshan Crane Co. Ltd., a leading manufacturer and rental provider of industrial cranes, hosted its remarkable celebration on February 13, spreading the massive cash sum across 800 banquet tables. Beneath vibrant, colorful lighting, approximately 7,000 sharply dressed employees eagerly assessed the unprecedented monetary display laid out before them.
According to reports from the Korean newspaper Chosun Daily, one particularly enterprising employee managed to carry home approximately $13,000 worth of cash from the event. The company, established in 2002 and operating in over 130 countries worldwide, has developed a notable reputation for its exceptional treatment of workers.
Billionaire Owner's Unconventional Philosophy
During the lavish company gala, billionaire owner Cui Peijun, who holds a commanding 98.88% of the company's shares, addressed the unconventional bonus distribution method. 'Why are we giving out washing machines? Do you think gold prices have gone up?' he reportedly questioned, referencing more traditional corporate gifts.
'In previous years, we gave necklaces and rings, bring up the cash and give everyone another 20,000 yuan ($2,800),' Cui continued, explaining his preference for tangible rewards over digital transfers. 'Some people ask why we don’t just transfer the money to their accounts, but that way, it’s just cold numbers.'
The industrial magnate has effectively returned a substantial portion of his company dividends directly to employees through this remarkable cash distribution event.
Consistent History of Employee Generosity
The crane manufacturing firm maintains a well-documented history of rewarding its workforce generously. In 2024 alone, the company recorded a net profit of $38 million, of which approximately $24 million was distributed to employees through various bonus programs.
The previous year saw the company allocate $8.5 million specifically to its 40 highest-performing workers, with the three top salespeople each earning an impressive $730,000 in performance bonuses. Furthermore, to commemorate International Women's Day in March, the company distributed nearly $230,000 in special bonuses to approximately 2,000 female employees.
Owner's Motivations Behind Extraordinary Generosity
Cui Peijun has previously articulated his motivations for distributing such substantial sums to his staff, emphasizing practical support for employees facing financial pressures. 'It is not that I love giving out money,' he explained, 'it is that young people are burdened with car loans and mortgages and any relief we can offer helps.'
The company's extraordinary year-end celebration represents both a dramatic employee reward strategy and a powerful statement about corporate responsibility in supporting workforce financial wellbeing through direct, tangible means rather than abstract digital transactions.
