National People'S Congress, Zhang Feng, Chairman Of The New Material: 10 Years, A Share Veterans Experience Changes In Production And Finance, Expect Private Enterprises To Have Better Ecological Environment.

The market for private enterprises to enter the A share market, has escaped the "overnight wealth" label.

But the truth is far from being so simple.

In another dimension, as the leader of various industries, private listed companies are also one of the basic industries for stabilizing industrial development and promoting employment under the background of epidemic impact.

According to incomplete statistics of twenty-first Century economic report reporters, more than 30 representatives from the two sessions of listed companies have focused their attention. Including Liu Yonghao, Lei Jun, Nan Cunhui, Zhai Meiqing and other well-known private entrepreneurs, how to promote the development of private enterprises put forward their own views.

The new macro environment brings new issues. In the context of deleveraging, how can a listed company rescue itself? In the context of Sino US trade friction, how does a listed company plan its industrial layout? And how can the listed companies actively plan when the new capital hot spots come out?

Perhaps standing in the office, you can see more clearly.

Based on this, in twenty-first Century, the economic report visited some representatives or members who had backgrounds of listed companies.

This issue is Zhang Feng, chairman of the two National People's Congress and chairman of 300041.SZ.

The listed company has been concerned about HUAWEI's "domestic alternative" hot spot. At the same time, a number of signals show that the listed companies are focusing on the capital market.

According to our reporter's understanding, the new material entered HUAWEI's supply pool as early as 2017, but it has been difficult to quantify. In May 2019, when the Sino US trade friction escalated, the cooperation between the company and HUAWEI was rapidly upgraded, and half a year's cooperation was upgraded to dozens of products.

Compared with many industries, the field of adhesives seems to be much more fortunate.

Behind this "accident", in the two tier market, the stock price of the new material has risen 41%.

And recently, the new material intends to introduce a new non-public offering to introduce Hengxin Huaye, Fosun system, Ping an information management and other famous investment, the two consecutive day of trading, it brought a more "high light" moment.

What kind of presentation is the story in Zhang Feng's mouth?

Zhang Feng. Data map

10 years A veterans new experience

Twenty-first Century: why should we focus on private enterprises? How do you feel about the changes in the living environment of private enterprises?

Zhang Feng: to be honest, it is hard to do private enterprises in China sometimes.

Over the past 40 years, China's economy has been developing at a high speed. In the aspect of enterprise development, it has gone through numerous difficulties in the past few days, and there is hardly any smooth road. The biggest difficulty now is how to surpass ourselves.

I have gone through all kinds of hardships and difficulties in the process of running a business from the scientific research institute to the sea.

In the 1998 financial crisis, I paid close attention to the practice of foreign enterprises in China and worked hard in managing rules. At that time, some enterprises were laying off workers, but we insisted on not laying off workers and not reducing salaries. This has been done for seven or eight years, and we have moved to move the company's R & D center to Shanghai until 2010.

Now the global epidemic is spreading, and the economy is facing downward pressure. We feel the chance again.

Twenty-first Century: the company has landed in the capital market for 10 years. As the head of a listed company, can you talk about your feelings?

Zhang Feng: it was very difficult to list at that time. So far, I still remember the scene of the trial conference.

The original dream is to make the business bigger and bigger, and not engage in small businesses or small steps. To be strong and big, we must standardize ourselves through listing. When the gem listing conditions just came out, we did according to the relevant rules, and we had to wait 8 years before we started the growth enterprise market. In fact, not listing is not important, it is important to operate according to the relevant norms.

(through the trial meeting) I thought a lot about that evening. What we want is the severe test after the listing. After listing, many people become rich. How do employees keep their entrepreneurial mindset? Suddenly I felt a heavy burden on my shoulders. At 4 in the morning, I called the company's backbone and stressed that listing is not for personal wealth. It is for the development of the company that we are willing to reward employees with options and equity. We should regard listing as a prelude to development and a gas station instead of digging a grave for ourselves.

We have signed a stock lock agreement, we can not afford to run on the road, in the specified lock 3 years, plus 3 years, 3 years after retirement can not cash in, strict control of shareholders can not run away, can not be forgotten. If the core technical backbone has left the company, the company will have to repurchase the stock, which is not in the listing rules.

Because of this rule, the Court went to court with the employees and the company finally won. This situation will not be cured, there will be a demonstration effect, cash in the way, sorry investors.

Twenty-first Century: what special experience do you have about the development of private enterprises in the current special context?

Zhang Feng: as far as I know, there are also unhealthy phenomena in the market, such as the so-called market maintenance and temporary difficulties of listed companies, the extortion of the real controlling people and even the big shareholders being forced to "shift their owners".

For example, with the so-called capital operation, some people are specializing in private listed companies, and in order to make profits by various means, forcing the actual control of people to violate the regulations and damaging the healthy development of private enterprises. Since last year, the state carried out the campaign against corruption and eliminating evil, winning the hearts of the people and safeguarding social peace. Appealed to the SFC and the public security law to increase the protection of the ecological environment of private listed enterprises and to protect the foundation of economic development.

Twenty-first Century: do you also make suggestions on the establishment of the evaluation system of private listed companies?

Zhang Feng: at present, the various parties in the market have different evaluation systems for private enterprises. There are different standards, but some of them are not scientific, such as judging the richest place, but is this guidance scientific? Especially for private enterprises, whether it is based on industry status, profit growth, life cycle, social responsibility and other indicators evaluation? Therefore, I suggest that we should establish a fair, just and scientific evaluation system for private enterprises and guide the correct value orientation.

"HUAWEI concept" behind the scenes

Twenty-first Century: last year, the company ushered in an important historical opportunity to upgrade with HUAWEI. How did it change to the company? What is the layout of future business?

Zhang Feng: deep cooperation with HUAWEI is mainly due to the US sanctions against HUAWEI, otherwise HUAWEI's cooperation and upgrading will not be so fast. On the other hand, quantitative change brings qualitative change. I think as long as the company's fundamentals are good, it is a matter of fact. Today, the market has not found us. Tomorrow, your service quality and product value will eventually be found.

Although the adhesive is very small, it can not be less. HUAWEI has been looking for domestic alternatives since last year, and then found that there are some products in the supporting business, and we actively talked to us, and began further cooperation in July last year.

In fact, our company has the shadow of HUAWEI. In the corporate culture, we can encourage competition under the mediocre person, but also have corresponding incentive mechanism, emphasizing hard struggle. After they came to see, we found that we also supplied Nissan and Zhong Qi for many years. In half a year, we have dozens of products into HUAWEI resource pool, and cooperation with HUAWEI is mainly to learn their indomitable spirit and ability to upgrade.

In the future, we must aim at the high-end market of new materials. There are mainly three major business layout: first, the communication electronics represented by 5G; two, the new energy battery materials, which solve the problem of low endurance; three, large traffic, including high-speed rail, subway, large aircraft and so on.

Twenty-first Century: what is the reason for the introduction of Hengxin Huayi famous war investment recently?

Zhang Feng: in the past, we didn't do much research on the capital market, neither hype nor how to do M & A, for fear that the high price should be bought and caught up, and we should focus on R & D and market expansion. We can say that the capital market is our weakness. Last year, we hired professionals to make up the short board of capital market by introducing war investment, internal development and extension mergers and acquisitions.

In the process of introducing the war, more than 20 companies were interested. These companies were not good or bad. I only looked for us.

Twenty-first Century: what is the expectation for the future capital market when China's capital market is 30th anniversary?

Zhang Feng: although faced with some crises, it also brings innovation and unprecedented national cohesion. The capital market has ushered in the registration system, and the opportunity has come. My advice to new listed companies is to be honest, not to speculate or to cheat. We should make steady progress and become enterprises with dreams and aspirations.

(author: Southern finance and Economics National two sessions report group Zhang Sainan)

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