Chinese company boss strung up $26 million in cash and told employees to take as much as they could carry

A Chinese company and its boss have gone viral on social media in mainland China after handing out year-end bonuses worth 180 million yuan (US$26 million) out of 270 million yuan in profits, the South China Morning Post writes

On February 13, Henan Kuangshan Crane Co., Ltd. held the company's annual gala, where more than 60 million yuan (8.7 million US dollars) in cash bonuses were distributed on site.

At the event, 800 banquet tables were set up to accommodate approximately 7,000 people.

The owner of the company, Cui Peijun, invited the workers to pick up their bonuses themselves, with one condition: to take only as much money as they could carry, without using a bag or purse.

According to videos circulating online, employees were seen counting money scattered on long tables, while others carried stacks of bills in their arms on stage, some barely able to hold all the money.

During the gala, Chief Cui Peijun even shouted out the finance department from the stage, saying, “Why should we give them washing machines? Do you think the price of gold has gone up? In previous years, we gave necklaces and rings, brought the money, and gave everyone another 20,000 yuan (US$2,800).”

The company's profit for 2025 was 270 million yuan, which means that nearly 70% of the profits were shared among the 7,000 employees.

The company was established in September 2002.

It is a manufacturer and service provider of cranes and material handling products with operations in over 130 countries worldwide.

Cui owns approximately 98.88% of the company's shares.

In 2024, the company recorded a net profit of 260 million yuan (US$38 million), of which 170 million yuan was distributed to employees.

Last March, on International Women's Day, the company distributed nearly 1.6 million yuan (US$230,000) in bonuses to 2,000 female employees.

The frequent practice of giving cash rewards and benefits to employees has led Cui to be called “the boss who likes giving money the most” by netizens.

Responding to the nickname, Cui said, “It's not that I want to give money, it's that young people are burdened with car loans and mortgages, and any help we can give is welcome.”