During this period, Shen Wan hunkered down in her office. Apart from a certain amount of physical activity, she went through the annual financial reports and the personnel files of the 32 employees.
She realized that there were valid reasons for Mingya's dismal performance.
There were numerous minor issues, but three major ones stood out:
First, the extensive management expenses. This was an accounting concept, including company expenses, employee education expenses, business entertainment expenses, amortization of start-up expenses, submission of superior management fees, labor insurance, and more. Among these, the office expenses were notably high, which skewed the overall management cost.
