Turnover, net profit after tax, dividends, and such terms were explained in detail by Song Xiufeng, and Lu Qingqing listened attentively.
She had decided to become Fu Yisheng's assistant and, of course, needed to understand more things.
"This is only the dividend distributed by Yuanfeng Group, not including several companies your father holds privately," Ning Anping explained further.
"What's the difference between holding shares in the name of the Group and holding them privately?" Lu Qingqing asked.
"There's a big difference," Song Xiufeng said. "The most obvious one is that the latter is owned individually, while the former is controlled by the Group, so the benefits naturally go to the Group before being distributed. Furthermore, the taxation is different; there's a big gap between corporate tax and personal tax. That's why I only hold three companies privately, and the rest are controlled by Yuanfeng."
