King of Beiyang

Chapter 17 Makes a Big Profit

At the end of September of the fifteenth year of the Guangxu Emperor's reign, the sulfanilamide sterilization tablets produced by the Oriental Pharmaceutical Company were officially launched in the German Empire.

This new drug, capable of eliminating bacteria and effectively combating bacterial infections, quickly became a hot commodity among hospitals and the public.

The entire market is experiencing a situation where supply cannot meet demand.

The company's inventory was sold out in less than a week.

Even the products that had just been produced were directly taken away by distributors who were waiting at the pharmaceutical factory.

Furthermore, this is only currently listed within the German Empire, and not yet listed in other European countries or North America.

Otherwise, sales would probably be even more booming.

This greatly excited the pharmaceutical company's shareholders.

After all, everyone can get a generous reward for every box of medicine sold.

To further increase production capacity, Li Jingyuan proposed that the pharmaceutical plant could operate 24 hours a day, with workers working in three shifts.

Of course, to ensure such production capacity, the supply of raw materials must be guaranteed.

At the same time, we also need to recruit more workers.

In order to motivate workers, overtime pay and night shift subsidies must be provided in full.

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The end-of-month bonus should also be generous.

Li Jingyuan's suggestion was approved by the other shareholders.

At this point, increased production capacity means everyone can make more money, so naturally no one will object.

A month later, Li Jingyuan traveled from Kiel to Hamburg to attend a meeting of a pharmaceutical company.

Lady Hollen and Princess Elaine, representing the shareholders, also attended the meeting.

Kim Gae-ri has resigned from his position as consul at the embassy and taken up the post of general manager of Dongfang Pharmaceutical Company.

Li Jingyuan promised to give him one percent of his company's profits as a bonus every year.

This gave Kim Kye-ri a lot of motivation.

Given the company's current profitability, even a dividend of just one percent would be extremely generous.

"Third Young Master, fellow shareholders. The company's sales have been extremely strong this past month. We sold a total of 200,000 boxes of medicine this month. In addition, we provided 50,000 boxes of medicine to the military."

According to the supply agreement signed with the military, 50,000 boxes of medicine will be supplied to the military each month for the next three months.

Preliminary estimates indicate that the company's profit this month reached three million marks!

Kim Kye-ri's face was full of smiles.

"My God! There are so many?"

Lady Hollen and Princess Elaine were both shocked.

You have to understand, three million marks is no small sum.

Even the German Empire's fiscal revenue last year was only a little over 500 million marks.

The Oriental Pharmaceutical Company's monthly profit reached three million marks. Therefore, it would be absolutely no problem for the company to achieve a profit of forty million marks in a year.

This is equivalent to eight percent of the entire fiscal revenue of the German Empire.

Of course, this is also because the German Empire was not as financially capable as other established powers.

The German Empire had been unified for less than twenty years. Despite its advanced industry, its major markets were controlled by other established powers. Its vast overseas colonies were similarly held by the British Empire and the Gallo-British Empire. Therefore, in terms of financial resources, the German Empire lagged far behind those established powers.

To put it simply, the British Empire's fiscal revenue reached 90 million pounds last year, which is equivalent to 1.8 billion marks.

Furthermore, this does not include the revenues earned by the British Empire in its colonies on the Indian subcontinent and other colonies; it only includes the fiscal revenues of the British Empire itself.

Last year, the fiscal revenue of the Gauls reached 3.1 billion francs, which is about 2.5 billion marks.

It is evident that among the world's major powers, the German Empire was relatively poor.

This may be a key reason why the German Empire was willing to launch a war at all costs in order to defeat those established powers.

"Starting next month, we will begin selling the new drug to other European countries. We expect our sales and profits to increase further."

The biggest problem restricting us now is undoubtedly production capacity.

Even with three shifts, production capacity still couldn't keep up.

The factory expansion is not expected to be operational until next spring.

I suggest we consider building a new factory elsewhere.

Kim Kye-ri continued.

The pharmaceutical company's monthly profit reached three million marks. If he could get one percent, that would be thirty thousand marks.

This is already more than he earned in the previous year.

If the pharmaceutical company's profits increase further, he will naturally receive even more money.

"The market is booming right now, and we should definitely build a new pharmaceutical plant to ensure that production capacity can be further increased," Mrs. Hollen said.

"I agree! However, I suggest that the new pharmaceutical factory be located in the Grand Duchy of Hessen," Princess Elaine proposed.

Although she married Prince Heinrich, she still had feelings for her hometown.

If a booming pharmaceutical manufacturing plant could be established in the Grand Duchy of Hesse, it would not only provide more jobs but also boost the local economy and generate more tax revenue.

"I have no objection!" Li Jingyuan did not object to this.

As long as it brings more revenue to the company, or to him, that's enough.

After all, he owns 50 percent of the company's shares, which means that half of the company's profits belong to him.

Even if only one percent were given to Kim Gae-ri, he would still still account for the vast majority of the company's profits.

In the following two months, the company's new drug sales continued to be booming.

Other European countries, whether large or small, have a very high demand for new drugs.

Due to production capacity limitations, Dongfang Pharmaceutical Company can currently only release 250,000 boxes of medicine to the market each month. Of these, 50,000 boxes are purchased by the military for strategic storage.

It is expected that Oriental Pharmaceutical Company's production capacity will be able to expand to about 400,000 boxes per month by the beginning of next year.

By the end of the year, the new pharmaceutical plant will be completed and put into operation, with a production capacity that can be expanded to 800,000 boxes per month.

By then, it will be able to basically meet the needs of the European market.

In addition, there are markets in North America, South America, Asia, and Africa, which have a large demand.

Although these markets are relatively small, except for North America, which is larger and has higher purchasing power.

But this also means that Eastern Pharmaceutical Company can make a lot of profit.

In just three months, the Eastern Pharmaceutical Company had already earned nine million marks.

Even after deducting the cost of building new factories and setting aside sufficient reserve funds for the company, the company's dividends still reached four million marks.

In other words, Li Jingyuan was entitled to 196 million marks. The remaining 40,000 marks were paid to Jin Kaili, the company's general manager, as promised.

And this is only the first year. It is foreseeable that the company's profits will be even higher next year, and everyone will receive more money.

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