Henan mine profits of 270 million, distributes 180 million as year-end bonuses, the boss who loves to give money the most on the entire network speaks up

On February 13, according to Red Star Capital Bureau, Henan Mining Machinery Co., Ltd. (hereinafter referred to as Henan Mining) held its annual meeting today. Cui Peijun, known among netizens as “the boss who loves to give out money the most,” distributed over 60 million yuan in cash year-end bonuses at the meeting. Including online distributions, the total year-end bonus exceeded 180 million yuan. The company’s accumulated profit for 2025 is 270 million yuan.

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

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 Group trended on social media for “piling year-end bonuses into a mountain of money.” Video footage showed the company at the year-end bonus distribution site building a cash wall, 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 being 1 million yuan and the highest 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 to benefit employees. Distributing cash also allows face-to-face communication with employees and creates a lively, festive atmosphere at the end of the year.

Henan Mining was established in September 2002. Its legal representative, executive director, general manager, and actual controller is Cui Peijun, who holds approximately 98.88% of the shares. The company is a manufacturer and service provider of cranes and material handling products, integrating research and development, design, manufacturing, sales, and service. Its business spans over 130 countries worldwide, with an annual production and sales volume of over 128,000 units of various lifting equipment in 2024.

In addition to Henan Mining’s year-end bonus distribution attracting attention, recent discussions have also focused on the year-end bonuses of the tech company Ying Shi Innovation Technology Co., Ltd.

According to reports, on the evening of February 11, Ying Shi held its annual meeting in Shenzhen, where employees received generous prizes including five sets of commercial housing, one Porsche, and 36 grams of custom gold banknotes. Ying Shi CEO Liu Jingkang responded on social media, saying, “Often, motivating high-end talent relies on a sense of achievement, honor, or emotional resonance, but direct material incentives are also very important.”