Reborn as a Noble's Son-Chapter 866 - 822 Red Star Chemical Group

Chapter 866: Chapter 822: Red Star Chemical Group

Chapter 866 -822: Red Star Chemical Group

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Tianfu City

In the chemical industry park of the National High-Tech Industry Development Zone in Tianfu City.

The Tianfu City Municipal Committee also specifically dispatched a staff member from the Tianfu City Economic Committee to accompany the investigation and audit. Additionally, a staff member from the Tianfu City High-Tech Zone Management Committee followed along.

“Ladies and gentlemen, up ahead is the new factory building of Red Star Chemical Group, our star enterprise in Tianfu City,” a staff member from the High-tech Zone introduced.

At the same time, an employee from the office of the Tianfu City Municipal Committee also explained, “Ladies and gentlemen, Red Star Chemical Group is our city’s star enterprise. Just one year ago, Red Star Chemical Group was still on the brink of bankruptcy, with liabilities exceeding assets and severe losses. The workers lived in difficulty, and even paying their wages was hard to sustain. Of course, the Red Star Factory was also famously known in the city for frequent petitions. After Governor Nie took office, the Governor and the city’s municipal government leadership paid great attention to the situation. They adapted measures to local conditions, utilizing the technical reserves and existing equipment assets of the Red Star Factory. They adjusted the production capacity structure in accordance with the changing times and launched the most advanced domestic phenol production line within just two months, which turned the factory’s losses into profits.”

As they said these words, the group from Tianfu City all showed faces of pride and excitement. This was Tianfu City’s most successful example in the process of state-owned enterprise reform and restructuring. Now, Red Star Factory has become a model enterprise established by Tianfu City.

Then, personnel from the High-tech Zone Management Committee took over the topic and continued, “After all, Red Star Chemical Group is a chemical enterprise. After careful consideration and weighing by the provincial and city leaders, they felt that continuing operations within the city area in case of production safety accidents would have serious consequences. The government adopted methods such as land administrative allocation and social fund-raising, and in the first phase, Red Star Chemical Group acquired 1,000 acres of land in the High-tech Zone to build a completely new modern factory. This fully broke away from the past planning model of having residential areas behind the factory. All the land is now entirely occupied by production workshops, factories, and warehouses. At present, the first phase of the project has been in use for three months, and the second phase has already been handed over for acceptance. Now, Red Star Chemical Group has the capacity to produce 600,000 tons of phenol and 300,000 tons of Bisphenol A annually, with an annual production benefit of over 20 billion yuan and creating over 1.5 billion yuan in profit and tax.”

Listening to the introductions from Tianfu City and the High-tech Zone’s staff, the members of the investigation team clearly wore expressions of disbelief. How could this be possible? They had seen state-owned enterprises turn losses into profits; with their wide-ranging experiences, that was nothing new. But to say that within just over a year, it had completely turned around from a bankrupt enterprise to a major taxpayer was something they found hard to believe.

The lead investigator and the deputy leader of the investigation group glanced at each other at that moment and saw a sliver of delight in each other’s eyes.

Honestly, not every staff member of the investigation team bore a grudge against Nie Zhenbang. But now, after getting involved, they all thought about causing some trouble for Bashu Province. To put it plainly, they were eager to find some falsifications. Why were they so invested in this?

In the end, it was all for their own interests. The work of the investigation team was always done on the presumption of guilt, and since it was an investigation team, they were supposed to investigate something to justify their existence.

If anyone could find some issues during the investigation process in Bashu Province, their career paths ahead would be smooth sailing.

After a pause, the leader of the investigation team said in a grave voice, “Let’s set aside these discussions for now. I think we should conduct an on-site inspection. After all, seeing is believing, and hearing is not. Without investigation, there is no right to speak.”

The group moved impressively, and just as they reached the factory gate, at the entrance of the Red Star Chemical Group factory building, hundreds of elderly men and women had already gathered. Dressed in bright, uniform attire and wearing waist drums, they began to play.

On their chests was a line of small print, Red Star Factory Senior Waist Drum Team.

On the factory building facing the street hung a large red banner with white characters, enthusiastically welcoming the visit and guidance of the State Council investigation team to our company.

At this moment, Director Liu of the Red Star Factory, Deputy Director Chen, and the Chief Engineer had already taken their positions on the side. Of course, their titles had changed now; Director Liu was now the Chairman and legal representative, while Deputy Director Chen had become the Group President.

“Welcome, welcome,” Director Liu greeted them as the investigation group entered, maintaining a humble and cautious demeanor.

However, the members of the investigation team were all in a businesslike manner. After a pause, the leading official spoke directly, “Please take all this down. This time we are here for an inspection, and such fanfare is not good. I think we should go to the conference room first, and we’ll need the comrades from the Red Star Factory to bring this year’s financial data report and the annual economic data analysis as well.”

“Oh, right. Could you also send over the weight loss data for March, June, July, and November, along with various bills? We need to audit the accounts.” These words were spoken in an utterly direct manner, with no adornment or concealment, making the purpose of this visit crystal clear.

For such a task, the two accompanying staff members had long anticipated it, as similar events had taken place across cities in the province in recent days. The relationship between the hosting party and the inspectors, this time around, could be described as unprecedented since the founding of the country.

Gone were the welcomes and farewells, the clinking of glasses and banquets, and no longer did the hosts lavish their guests with meals, drinks, and local products as if they cost nothing. One could say, this inspection team was living the most austere conditions ever experienced by a team.

Similarly, the inspection team was not turning a blind eye; everyone was wide-eyed, yearning to have eyes like fiery golden pupils, eager to detect any problems.

Both knew about this practice, having been tipped off by their superior leaders beforehand. In fact, even without those hints, they could have guessed it—without gifts, wouldn’t the others still handle things officially and properly?

Looking at the embarrassed faces of the leaders from Red Star Chemical Group, the municipal committee staff member immediately said with a smile, “Director Liu, please arrange for someone on your side to prepare the materials for the inspection team’s leaders.”

Director Liu, previously the director of Red Star Factory, nodded and ordered, “Old Chen, notify the financial department and the other relevant departments to gather this year’s annual summary report and the detailed data files related to production and sales, and bring them to the group’s conference room for review.”

The group entered the office building of Red Star Chemical Group; the meeting room was quite plain, devoid of the luxury and splendor from the time of Red Star Factory.

Everything was based on practicality, the snow-white walls adorned with several enlarged and framed photographs taken during provincial and city leaders’ visits to Red Star Chemical Group, hanging in the meeting room. The centerpiece was an oval conference table. Nearby were a projector and a full range of multimedia equipment. At two corners, there were large air conditioning units.

At this moment, Red Star Group, being financially robust, naturally did not stint on the air conditioning. Given the current domestic and global status of Red Star Factory with phenol and bisphenol A, a lavish conference room would be justified. However, financial robustness here was paired with austerity, reflecting a change in mindset, a transformation of the soul.

Examining the documents on the table, the various professionals from the inspection team quickly began their work, first reviewing the annual income and expenditure accounts and the economic accounts. The data, amounting to tens of billions, and nearly three billion in surplus, took everyone present by surprise.

Next, the staff from the inspection team were meticulous, beginning a thorough investigation of the data for each month and every quarter.

At the same time, the leader of the inspection team had already stood up and taken out six hundred yuan, handing it to one of the municipal committee staff, saying, “Section Chief Fan, this is six hundred yuan, the meal expense for our thirty people at noon. We’ll need your help with the specifics of the work, and there’s no need for you to accompany us here.”

Once the people from Red Star Factory and Tianfu City had left, the leader immediately made a call, identified himself, and said directly, “Please coordinate with the Industrial and Commercial Bank of Tianfu City, the account-keeping bank for Red Star Chemical Group, as we need a detailed statement of their bank transactions and balances for the year.”

By the end of the day, all the accounts had been checked thoroughly. At this point, officials from the Ministry of Finance and the Audit Bureau also stood up and reported, “Director Gu, everything has been clarified. According to the accounts, there is no evidence of data fabrication in the reports from Red Star Chemical Factory.”

As soon as these words were spoken, a staff member came in and said, “Director Gu, here are the documents you requested.”

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Opening the thick stack of documents, which amounted to hundreds of pages—all detailed transactions of Red Star Chemical Group—Director Gu was shocked as he examined each set of numbers, especially the final balance: thirty-six billion, five hundred and fifty-eight million, one thousand, three hundred and twenty-four yuan and fifty-eight cents.

Looking at the two deputy team leaders beside him, he said in disbelief, “Looking at this data, it seems Red Star Chemical Group was not bragging at all; they rounded down thirty-six billion to just say over thirty billion in their balance. This investigation will likely make Bashu Province stand out. With this, Nie Zhenbang has truly vindicated himself.”

Hearing Director Gu’s words, a deputy team leader from the national Ministry of Finance laughed and said, “Director Gu, actually, I had already guessed that Bashu Province would leave us out in the cold with such a bold move. If they didn’t have real capability, wouldn’t they be like lambs to the slaughter? It seems to me, it was a deliberate move by Comrade Nie Zhenbang and Comrade Su Xuan. We have inadvertently assisted them.” (