£20m bonus party at Chinese crane firm sees staff take cash

Henan Kuangshan Crane held an end-of-year party where cash was placed on hundreds of banquet tables and employees were allowed to take money; the owner, Cui Peijun, has previously given large cash distributions after a profitable year.

A Chinese crane company held an end-of-year party on February 13 where cash was placed on many banquet tables and employees were allowed to take money. The event was reported to involve about £20 million in cash and around 7,000 attendees. Owner Cui Peijun said he preferred presenting cash in person rather than transferring bonuses. The company reported a net profit in 2024 and the owner has given substantial payouts and donations in past years. Key details: - Company: Henan Kuangshan Crane. - Event: Held on February 13, attended by about 7,000 people with cash laid out across roughly 800 banquet tables. - Reported sums: The event was described as involving about £20 million in cash; one employee was reported to have taken about $13,000 (around £9,600). - Owner: Cui Peijun, who holds a majority stake and said he prefers handing out cash rather than making account transfers. - Prior payouts and donations: The company reported a net profit of about £28 million in 2024 and the owner previously returned around $17 million to workers; earlier distributions included multi-million pound bonuses and donations to students and employees. Summary: The event drew attention for its public, physical distribution of cash at a large company gathering and reflects the owner’s recent pattern of sizable payouts after profitable years. No changes to future bonus procedures were announced. Undetermined at this time.