Wei Qiao Venture Group Meets The Environmental Protection Examination And The Founder'S Death. Can The Two Generation Succeed?

Once said, to be 80 years old.

Zhang Shiping broke his promise and finished his legendary life at the age of 73.

At the moment, Ren Zhengfei, 75, is fighting through the war.

According to Li Shi business review, it is great to say that Ren Zhengfei has brought HUAWEI to the strong global communications technology industry.

In the textile and aluminum industry, the two "sunset hills" industry, the trend of the Wei bridge to the top of the world, Zhang Shiping should be worshipped.

Looking back on his back, he has not only left behind the world's largest textile enterprise and the largest aluminum industry, but also worried about the inheritance of family businesses.

The environmental policy and the pformation of the wind direction of the self operated power plant make Wei Qiao face unprecedented challenges.

At this sensitive node, Zhang Shiping left to meet Wei bridge, was he "precarious" or was he successfully pformed?

Hasty power crossing

On the night of May 23rd, 01378-HK announced the death of its executive director, chairman, remuneration committee and Nominating Committee in May 23, 2019. Zhang Shiping died at the age of seventy-three.

Zhang Shiping, who had cancer, had been pferred to the United States and Beijing for treatment, and eventually died in Zouping people's hospital.

This kind of status and identity eventually chose to bid farewell to a county hospital in his hometown, which is mostly his own wish.

Zouping Wei bridge is an ordinary town in the North Plain of Shandong Province. It records the birth and growth of Zhang Shiping.

Over the past thirty years, Zhang Shiping has gradually built a large industry layout of Wei Qiao Pang from a small cotton worker. His tentacles include many industrial plates such as textiles, dyeing and finishing, clothing, home textiles, thermoelectricity and so on.

Wei Qiao has also become a famous town in the whole country because of its fame.

Strong administrative mission, destined to Wei Qiao group is a strong local color enterprises.

The 11 production bases of the group are spread out in Zouping county.

In the private enterprise genealogy, the sales revenue of the whole group reached 359 billion 600 million yuan in 2017, ranking third among the top 500 private enterprises in China.

In the backdrop of the aluminum industry's capacity, the ranking slipped and ranked fifth in 2018, second only to HUAWEI, Suning, Zheng Wei and Jingdong group.

As the soul of the group, Zhang Shiping is also an authoritarian and powerful enterprise man.

In Wei Qiao, he said no matter what, who will affect his target, he will respond strongly, and even fight back.

In such a person, he resigned from the position of chairman 9 months before his death. His son Zhang Bo took over as chairman of the board, and the two daughters assisted him. Zhang Shiping completed the shift.

This time for Wei Qiao such a large volume of companies, it is particularly hasty.

When the 75 year old Ren Zhengfei broke out the biggest energy, Zhang Shiping, who was two years younger than he, was 6 years earlier than he was.

Prior to his death, Zhang Shiping remained chairman of the board of directors of China Hongqiao.

"Township entrepreneurs" with regional color

Zhang Shiping's business success is unquestionable.

Textile, thermal power and aluminum industries are known as "sunset industries". From the perspective of industry companies, they do not make money and lose money.

Zhang Shiping unexpectedly survived in these three industries, and was able to manage well.

This is attributed to Zhang Shiping's philosophy of "contrarian expansion".

He believes that every market fluctuation has enormous opportunities for development, and the market position and development gap often form at the bottom of the market.

Zhang Shiping was born in Zouping, Binzhou, Shandong in November 1946.

In June 1964, Zhang Shiping, 18, entered the fifth oil and cotton plant in Zouping county. He worked as a worker, workshop director, production director and deputy factory director.

In 1981, Zhang Shiping, 35, took over the fifth oil and cotton mill in Zouping. He only turned the oil and cotton mill into a profit in only a year.

In the 80s of last century, the state strictly controlled cotton, and the cotton and cotton factories had no time to dry except for cotton processing in the peak season.

Fifth the oil and cotton plant was in semi production for half a year.

After Zhang Shiping took over, he first went out to buy soybeans, peanuts and cottonseed processing oil, becoming the first person to eat crabs in cotton processing industry.

In 1984, the profit of Zouping's fifth oil and cotton plant jumped to the first place in the cotton and hemp industry in China.

Zhang Shiping took the lead in expanding to the lower reaches of the industry, and set up towel factories in 1986. The profit of the factory was 250 thousand yuan.

Zhang Shiping gradually entered the field of wool spinning, weaving and weaving. In 1989, Wei Qiao built 10000 tons of spindles, then built more than 30 thousand cotton spindles of cotton mills and 336 looms, and in 1992, the annual profits and taxes of enterprises reached 12 million 600 thousand yuan.

From 1993 to 1997, the cotton textile market fell to a low level for the two time, and the whole industry lost 6 consecutive years. However, during this period, Wei Qiao invested 330 million yuan to expand the cotton textile capacity to 280 thousand spindles.

Later, the domestic market was oversupplied, and the textile industry suffered losses in successive years.

Wei bridge, however, was expanding against the trend. It invested 17 billion yuan in 5 years, increased the spindle from 330 thousand to 5 million, and loom developed from 4000 to 42000.

After this campaign, Zhang Shiping won the title of "king of Asiatic Cotton".

On the side of the cotton spinning industry chain, he climbed and fought, and seized the opportunity of the reform of state-owned enterprises, and pformed the oil and cotton mill into a state owned Wei bridge venture group.

During the large-scale expansion and development of Wei Qiao textile (02698-HK), there was a plight of inadequate supply of heat and electricity.

Zhang Shiping raised funds to build power plants, not only to solve the electricity shortage, but also generate a large amount of surplus electricity.

Zhang Shiping began to wonder why he used the remaining electricity to create value.

To study and study, he looks at electrolytic aluminum.

In the electrolytic aluminum industry, the electricity cost accounts for about 45% of the total production cost.

In 2001, Zhang Shiping founded the "Wei Qiao aluminum industry" (China Hongqiao), which mainly attacked electrolytic aluminum.

And after that, it ran like a textile industry at the beginning. It took less than 15 years to sit on the top of the global aluminum industry.

Although the Chinese government led the restructuring of the Chinalco and exceeded the Hongqiao scale, Hongqiao is still the most competitive Aluminum Inc in the world. Goldman Sachs even called it the only profitable company in the global aluminum industry.

The Zhang Shiping family also gained huge wealth. The Zhang Shiping family held a total stake in Wei Qiao venture 48.79%.

The 2018 Hurun rich list shows that the Zhang Shiping family's wealth is 65 billion yuan, ranking twenty-sixth in the list.

In the Qilu land, there are many family businesses similar to Wei Qiao.

Wang Yong, who is the second largest enterprise in Zouping, has a similar life experience with Zhang Shiping.

Liu Xuejing, chairman of Xinfeng Xiang holdings of Yanggu County, and Wang Xiusheng, chairman of Kenli victory group, Wang Xiusheng, and other large family business pioneers, constitute a common feature of the large private enterprises in the region.

The best industrialists don't touch real estate.

The continuous development of the cotton and aluminum industry laid the foundation for the industry of the Wei bridge empire.

Zhang Shiping likes "two words" most.

In his eyes, business is real products, real prices, to meet the real needs.

Over the years, Zhang Shiping has always focused on industry.

Someone asked him to do the Internet. Someone wanted him to open a bank and someone asked him to do real estate.

He refused all.

In 2015, Zhang Shiping once said that I made up my mind 10 years ago not to enter real estate and futures.

Zhang Shiping explained that we have very strong advantages in real estate. The first batch of companies that can be selected as private banks is the first one.

But no matter how the outside guides, I do not enter these two industries, because I am very self-conscious.

Wei Qiao group's core level and hundreds of management backbone, including himself, do not have the ability to control industries outside the industry.

He has a clear understanding of his abilities and knows his ability to do things beyond his ability.

He is not afraid of others to laugh at him, he is conservative, he is old-fashioned, he is a real economy, he earns money by sweat, the market is good, and he makes more money.

The market is bad, and earn less.

Two generations of succession, environmental protection rectification: tree desire calm wind

For the county private enterprises such as Wei Qiao, the founder is a soul figure. If the soul is lost, can Zhangjia people stabilize the big ship of Wei Qiao?

Zhang Bo is Zhang Shiping's only son. He was born in 1970, and he is 50 years old.

He was "appointed" as the successor of Wei Qiao group very early.

Before the chairman of the company, Zhang Bo was the vice-chairman of Wei Qiao venture group and chief executive officer of China Hongqiao group.

According to people familiar with the matter, Zhang Shiping's son-in-law, nephew and nephew are all the deputy general level of the company. As for the family members such as vice director and deputy director of the Department, their family members such as nephew, daughter-in-law, nephew, nephew, daughter-in-law, and so on are even more.

After the death of Zhang Shiping, the great Wei Qiao empire will say goodbye to the founder, Zhang Bo and Zhangjia people in Wei Qiao as management positions.

"If the tree is quiet and the wind will not stop", if the criticism of the successor is just the guesses of the outside world, the risk of pressing at the moment is enough to test whether Zhang Bo inherited his father's mantle.

Under the background of the pformation of economic development mode and the continuing high pressure of environmental protection, Wei Qiao venture group, whose main business is textile industry and aluminum industry, has been at the cusp of the storm.

In 2018, the annual sales revenue of Wei Qiao group was 283 billion 500 million yuan, and its profit was 8 billion 700 million yuan, down 21% and 33.84% respectively compared with the same period last year.

The group said that in the second half of 2017, in response to the supply side reform of China's aluminum industry, shutting down part of the aluminum alloy production line, resulting in the reduction in the output and sales of aluminum alloy products during the year compared with the same period last year.

In addition, Wei Qiao group has stepped on the environmental protection red line many times.

For example, in September 2017, a number of departments carried out spot checks on Wei Qiao venture group, and approved that the Wei Qiao group closed down 2 million 692 thousand tons of electrolytic aluminum production capacity.