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    From Prosperity To Decline -- A Look At The Changes Of "Tang Long" Group

    2010/5/19 13:19:00 24

    Clothing

    Tang Long's boss, Huang Guoqiang, was born in Wang Tan, Shaoxing. After graduating from the English Department of Shaoxing Teachers College in 1986, he taught at high school in the early years. Later, I went to Beilun power plant as an English translator. Zhejiang Wing Tong dyeing and weaving group is the manager of foreign trade department.

    In 1995, Huang Guoqiang rented a factory in Chengnan, Shaoxing.


    In 1998, he bought a small factory and became a subordinate company of the wing Tong Group. His enterprise turned to be an enterprise of the wing Tong Group of Qian Qing town's export enterprise, and obtained the support of Guangsha building company, which is the predecessor of the China Construction Group, and realized the development mode of combining trade with industry.


    In 2000, it realized sales of US $10 million and profit of 10 million yuan, becoming the national "double excellent" enterprise.


    In 2001, Huang Guoqiang was appointed as the legal person and general manager of Hua Yue import and export company, and his performance was even more impressive. In that year, the self export volume was $30 million.


    In 2002, Zhejiang Tang Long Import and Export Co., Ltd. was formally registered and Shaoxing Dragon Textile Co., Ltd. Clothes & Accessories For the first time, the name "Tang Long" was introduced.


    In 2004, a subsidiary was established in the United States and Brazil, and a warehouse was set up in South Africa. Hong Kong Set up a company, thus establishing a foreign trade marketing network overseas, so that enterprises from simple clothing Export direction Fabric Raw materials, textiles and other products change.


    In 2007, a successful European manufacturing company, a Brazil company and a South African company, made Tang Long an international market maker.


    In February 29, 2009, Huang Guoqiang entered the overseas capital market, and "Tang long needle spinning" was successfully listed in Australia and became the thirty-fifth listed company in Shaoxing. The first raised fund is equivalent to 68 million yuan.


    The company has also won the top eight export enterprises and customs processing enterprises in Shaoxing, Zhejiang province. It has been awarded AAA grade credit rating by Zhejiang branch of China Agricultural Bank, Zhejiang branch of Bank of China and Zhejiang branch of ICBC. It has been appraised as self export backbone enterprise by local governments at various levels.


    "Tang Long" is a specialized company specializing in the import and export of textiles and garments, and has the right of self import and export. Since its establishment in 1999, the company has gathered more than 10 subsidiaries. The most important are Zhejiang Tang Long import and Export Co., Ltd., Shaoxing Tang Long knitted apparel Co., Ltd., Shaoxing Guangsha knitted apparel Co., Ltd. and Zhejiang Sufu blue Holding Group Co., Ltd. Jiangxi Sufu blue Industrial Co., Ltd. and the United States Tang Long International Trade Co., Ltd.


    Why is such a big enterprise going bankrupt in just a year? From some recent reports and some previous information collection, we can make some analysis and summarize as follows: "unauthorized use of people, random use of money, blind expansion".


    Indiscriminate use of personnel: in the Tang Long bankruptcy, in addition to Tang Long, President Huang Guoqiang, there is also a leading role is Huang Guoqiang's wife: Wang Xiaoli. Learned from the Internet, the Shaoxing State Administration of Taxation, as early as 2007, made a tax check on Tang long, and found that Wang Youli, the then general manager of Tang Long spinning and weaving, occupied bank loans for the company's unrelated investment behavior. Only one interest can earn more than 64 million. This shows that there are some problems with the employment of Tang long.


    Disorderly use of money: the report has mentioned that in the office of Huang Guoqiang, chief of the Dragon spinning knitting company, he raised tens of thousands of tropical fish. And also mentioned in some forums that he often appears in some senior clubs. It is used for money and is not within the company's scope of action. You can see from these little details.


    Blind expansion: starting from Huang Guoqiang's establishment, the company can achieve rapid development step by step. Then, in order to speed up the expansion form, and in order to do a good job of risk estimation, enterprises are ultimately faced with capital chain breaking.


    As early as two years ago, there had been a lot of similar failures in the development of Jiang long printing and dyeing, and after the boss Tao Shoulong disappeared. When Huang Guoqiang interviewed in the television media, he once said: "the dragon boat incident is a warning to Shaoxing's textile industry. The reason why Jiang long went bankrupt was that the boss of the company was hot headed and blind, and thought that if he had enough money, he could buy other companies and become his own. industry Chain. " Huang Guoqiang spoke before the camera, but unexpectedly two years later, the same fate would come to him.

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