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    Chen Zongli: From A Mere Poor Carpenter To A 100 Million Textile Tycoon.

    2011/4/19 17:07:00 113

    Venture Capital Business

    From a mere poor carpenter to a 100 million textile tycoon, Chen Zongli Wealth creation The story is regarded as a legend in Changle, Fujian province. Starting from 1300 yuan, how did he step on the road to riches?


      With 1300 yuan for sale in Rongcheng


    Recalling the business, Chen Zongli said, his wife is the most grateful person. In the early 80s of the last century, the "grass roots industry" sprang up, and Changle's Jin Feng people, who dares to rush and fight hard, went out to do business. Watching many people around do business, do business Chen Zongli's heart was also itchy. But there was no money to do it? The wife of the tailor sold his necklace with a necklace. With 1300 yuan for the necklace, the couple set foot on the hardships. Entrepreneurship Road.


    At that time, the market was selling well, and they found the Fuzhou socks factory by their relatives and friends. In the morning, they sold two bundles of cloth from the factory in the morning, and they used bicycles to sell them at the bridgehead of Jiefang Bridge in the afternoon. Gradually, from two bundles of cloth to two pieces of cloth... Later, they found an empty playground, spread all kinds of cloth on the ground, hawkers, and did business throughout the country, in Guangdong, Liaoning and other places opened a cloth shop. After several years of work, the couple gradually accumulated some money on hand, and began to have the idea of making cloth for their own factories.


    In 1988, by chance, Chen Zongli heard that the Shouning silk factory, which had been losing money all year round, wanted to contract out. He resolutely left his hometown and came to Shouning to rent the silk factory. He used original equipment and staff to produce silk products, and then sold them through his own channels, which soon won a good return.


      Stock market gold rush twenty million yuan


    In 1992, when China's stock market started to shine, Chen Zongli joined the "stock speculating force" with a keen sense of intuition. When he was a stockholder for nearly ten years, he did not quit the stock market until 2001. In those years, he earned at least 20 million yuan from the stock market. He still remembers the fact that he was queuing up to buy Fulian stock.


    He made money in the stock market, and Chen Zongli invested in business. He rents everywhere, contracts state-owned textile enterprises' factories and equipment, makes use of the advantages of state-owned enterprises to produce textile products, and sells them through his own channels. Chen Zongli, who discovered the profit margin, was out of control. In 1992, he also contracted the Shaowu silk factory and the Yongan Industrial and Trading Company. There were 132 imported textile machines and more than 400 domestic cloth machines. There were sales facades in Keqiao, Chengdu, Yuanyang pond and other places in Zhejiang.


       Returning home to become a textile giant


    In early 2002, he heard his wife go home, and Chen Zongli, who had been wandering for 14 years, returned to his hometown. He has deep feelings for his hometown. He hopes to bring his career back. But some friends told him that it would take 10 and a half months to run a small procedure in Changle.


    In April 2002, Chen Zongli returned to Changle coastal area with several shareholders. The attitude of the city leaders and the investment environment in their hometown completely dispelled Chen Zongli's concerns. In May 15, 2002, Huayuan Textile Co., Ltd. registered. In June 26th, the factory started construction, and began production in November 8th. It took less than 5 months from land acquisition to production.


    When the enterprise was established, Chen Zongli thought about how to become bigger and stronger. Chen Zongli decided to start with technological innovation. He hired 9 well-known experts in China and set up an expert group to provide technical support for enterprises. In 2003, he joined the famous enterprises such as Taiwan Li Li and Xiang Lu, Xiamen, and introduced advanced technology alliance to develop nanoscale far-infrared yarn and new moisture absorbent and sweat perspiration yarn, creating a precedent for polyester fiber blended functional products. "By the end of this year, the production scale of Huayuan can be expanded to 260 thousand ingots and enter the top 30 of the national textile industry. In 2008, we intend to go public." Chen Zongli said with confidence.


       Profile


    Chen Zongli left Changle in the early 90s of last century, and founded textile factories in Shaowu, Yongan, Shouning and Hunan Changde. Founded in May 2002, Changle Huayuan Textile Co., Ltd., Fujian.

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