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** Financial gossip
Author of Financial Gossip
British Steel
So, just a few years after being taken over, he was disliked again, and his finances were really serious, so he filed for bankruptcy in 2019 and began to look for a successor, butHow many people in the world dare to take over this hot potato?
At this time, Li Ganpo was from HebeiA 69-year-old man named Li Ganpo took it hard, Now this old man is 74 years old, he didn't go to the park to practice Tai Chi in his old age, and he rolled up with Iron Man, it's too wild!
Therefore, on March 10, 2020, Hebei Jingye Group and Yinggang finally negotiated the transactionDedicated spent £50 million (about 4.).500 million RMB),Completed the acquisition of 100% equity interest in British SteelDedication has turned into a multinational steel enterprise, and Li Ganpo has also become the boss of a multinational steel enterprise.
After Li Ganpo acquired British Steel, it was also an unprecedented pressureThere are many people who want to resign from British Steel!
Li Ganpo was also frank, and told them directly, if it wasIf the company doesn't do well, you can change jobs, but I have invested such a large amount of money, if I don't do well, I will "jump off the building".
Li Xiang has learned this style.
Li Xiang also said at the time that if the car was designed like this, he would "jump off the building", but now the ideal new car is basically designed to be uglyThe boss has said everything, and the team can only use AI to change faces, applying Jackie Chan's moviePretending to "jump" the real hammer in **, with AI technology,It has also become easier for Lee to brag.
are all surnamed Li, but the difference between Xiao Li and Lao Li is more than "100 million"., doers and vain capitalists cannot be compared.
OriginallyJingye Group is barely ranked within 20 in the domestic steel industryHe was much more powerful than him in front, but the gears of fate began to turn after the acquisition of British Steel.
The dedicated group of the old tough guy has changed dramatically in recent years:
Before 2019, many old steel money and upstarts didn't know Li GanpoAfter 2019, Baosteel regretted its dedication and got up early in the morning to catch a late set.
But in the steel market, there has always been a popular saying"The wolf is coming, what are you afraid of, killed and eaten meat"., this is what Li Ganpo said, domineering and wild enough, it is really the right title of "barbarian".
After winning British Iron and Steel, everyone underestimated Li Ganpo's appetiteIn September of the same year, it took over Guangdong Taidu Iron and Steel Company and set its sights on the Southeast Asian market.
Also in 2020, Jingye became the first private enterprise in Hebei to exceed 200 billionAll of a sudden, the steel industry was stupefied by the dark horse of dedication!
When it comes to taking British Steel,Everyone thinks that Li Ganpo is too old to be confused, to make such a thankless decision, Uncle Li has to be Uncle Ni.
200 billion is not Li Qianpo's appetite!In short, Lao Li Tou is very ambitiousIn October 2022, Jingye took over Guangdong North Guangdong United Iron and Steel Company.
In 2021, Jingye Group was listed on the Fortune Global 500 list for the first timeIt was also on the list in 2022 and also on the list this year, ranking 320th.
This is far from over, in August 2023,It also took over Hebei Huaxi Special Steel.
I always feel that a strong enterprise in the industry is really strong, and there is no need to go public if it has strength, but no one can say in the future, I don't know if Li Ganpo will drive Jingye to the slope of listing?
According to the analysis of public data of Jingye Group:
In 2019Jingye Group's sales revenueIt's 127.4 billionIn 2020, it was 224.4 billion yuan, a year-on-year increase of 96%.In 2022, it will be 307.4 billion yuan, it is really a rise of "100 million" points a year.
Yes, you read that right, it was in the most difficult 3 years, dedication to a 100 billion step a year.
Netizens said that they really responded to that sentenceThe strong never complain about the environment.
It turns out that Wang Jianlin's goal of earning a small goal a year is fantastical for everyone, but here in dedication,1000 small goals per year.
An orphan with no father and no mother, Li Qianpo, who was raised by the villagers since he was a child, I have been a teacher in the village, an official in the village, I have also sold canned food and engaged in chemical industry, and I only made steel in the back, and I became a big man from a little white.
Some people say that he is Kazuo Inamori of China, some say that he is Warren Buffett of China, in short, excellent people have similarities. But the author feels that he is more like a rural version of Buffett, who has no background and can also get ahead.
The current Jingye Group does look loftyBut I never expected that the place where I made my fortune back then was a few brick houses.
The headquarters of Jingye is in Pingshan County, Shijiazhuang, Hebei Province, where there is no steel, there is no steel gene at all, and it has just been lifted out of poverty.
Lao Li loves to buy, buy, buy, and suddenly bought an enterprise with an output value of 300 billion yuan.
At present, many new car-making forces take orders first and then place orders for production, this kind of marketing routine, Lao Li has done it many years ago, and he really realized the boast, just like Yu Chengdong Yu's big mouth, he loves to brag very much, but the bulls he has bragged about can be realized.
Certain entrepreneurs of the younger generation,Play with the road wind at every turn, Jia Yueting, Pan Shiyi and Xu Belt, who can't go.
At the time of the 2008 financial crisis,Dedication is also mired in the quagmire, and Li Ganpo himself admits difficulties, that will make the steel market all the way down, and it will face bankruptcy at any time.
Lao Li was once suspected of running awayBut,He just took an ID card and took himself with him, directly stood in front of the dealer and said, let the dealer personally verify whether it is Li Gangpo himselfHe also said that Li Ganpo would not run.
Sure enoughAs soon as Li Ganpo appeared, he dispelled the doubts of the dealersPressed the pause button to get back the money that was paid to the dedication before.
Li Ganpo said that he has been in business for so many yearsNow the value of dedication is tens of billions again, is as important as his life, and he doesn't speak a foreign language, let alone go to a foreign country.
Compared with the 1998 Southeast Asian financial crisis he experienced back then, as well as the difficult start of the chemical plant, the 2008 crisis, as long as he is still here, dedication will not fall.
When the Asian financial crisis broke out in 1997, the steel industry was really miserable at that time, and a ton of pig iron fell to 1,000 yuan and could not be sold, and a ton was 2,000 catties, less than five cents a pound, which is cheaper than green onions.
But things must be reversed, and Li Ganpo used Buffett's concept again, don'tWhen a man is greedy, he is afraid, and when others are afraid, he is greedy.
At this time, Lao Li hadn't actually done steel yetThe chemical plant producing salicylic acid is doing well.
So,With his left hand, he cleared the inventory of the chemical plant and cashed out, and with his right hand, he used cash to buy pig iron and buy ironworksAt that time, this kind of action was regarded as a foolish behavior in the same industry.
But when this crisis is over, the total revenue of the company is by:1500 million yuan to 300 million yuan.
That's when people knew,This old Li is too wild!
But if you know that Lao Li used to sell canned food, when the canned food was converted into a chemical factory, it was even wilder at that time.
smashed the pot and sold iron, sold the house, sold two "cars", one was a bicycle and the other was a "sewing machine".Raising money to build a cannery, it did a good job, but in the end, it couldn't be done for some reason.
So I changed my career to a chemical plant that produced salicylic acid, but,No technology, no people, no venue, only a big pie painted by Lao Li!
Unexpectedly, someone really believed in Lao Li's cake, maybe he was really honest, and he really dared to say anythingIt's just that I don't have any money, mainly because I got a loan of 500,000 yuan, and I still need salicylic acid from the boss.
Lao Li also bragged laterIt was impossible to produce 1,000 salicylic acid a year at that time, but he said that if he could, he couldI also posted a pictorial out, who knows, someone really believed it again, and paid a lot of pre-sale money!
However, Lao Li, who got the pre-sale money,It's really a real job, and the big pie of the painting has also been realized.
This can't help but remind me of Jia Yueting, a new force in car manufacturingAfter taking 3 billion US dollars, I still can't build a few cars, and 7 cars will be delivered in 9 yearsAlthough there are many local tyrants who believe in him, the reputation is not very good.
Looking at this steady ** picture, I know that Lao Li Tou is betting on the right bet again!
According to the data of China Steel Network, it is
24 city marketsBuilding materials**, rebar 20mmhrb400e inThe average in November was 4,034 yuan per ton, compared with the average price per ton in October, it was 170 yuan per ton, and the Guangzhou market rose by 260 yuan per ton.
24 city marketsHot rollsof**,4.75 hot-rolled coilsAt the end of November, the average ** was 4,019 yuan per ton, compared with the average price per ton in October, ** 130 yuan, of which Wuhan rose 170 yuan ton, the largest increase.
21 city marketsMedium and heavy plates**, Puzhong plate Q235B at the end of NovemberAt the end of November, the average was 4,039 yuan per ton, compared with the average price of 160 yuan per ton in October, such as 290 yuan per ton in the Chongqing market.
Started last year,It's obviously hard to make some steel plate money, these are all iron ore sand mining enterprises that cannot be eliminated.
In June last year, Li Ganpo also said it at an internal retreatThe current steel industry is really losing money in the whole industry, and this kind of loss is the kind of loss that you can't see the end of, so when will it be a loss?
This iron-making and steelmaking wave washes the sandIt will take at least five years or so to be able to shuffle the cards and see the real thing.
During this period, it is estimated that 30% of steel companies will find it difficult to surviveIn the end, all that can be left are some enterprises with good locations and good management, and the real gold is not afraid of fire.
The main reason for the loss of the steel industry is still the downturn in real estate
According to the data analysis of the Middle Index Research Institute,From January to December 2022, the sales of commercial housing in China were only 133 trillion, down 267%, 4 less9 trillion yuan.
There is no house to buy and sell, and by the way, the amount of steel required for supporting household appliances is also decreasing, so many people who are bearish on the real estate industry will never know, oneHow many industrial chains have been driven behind a house, and how many people's jobs have been affected.
But no matter what, there is no silver end to doing businessFind opportunities to survive in the midst of a crisis, the strong never complain about the environment, and now it is just another time to use Buffett's ideas, and others are afraid that Li Qianpo will be greedy again.
Today, Jingye Group has total assets of 25.5 billion yuanIt's just that Mr. Li Ganpo is also 74 years old, will next year's revenue be 100 billion growth again, exceeding 400 billion?
Li Huiming still has to see if his son is really a tiger father without a dogNow the general manager of Jingye Group is Li Huiming, the son of Li Qianpo.
In an interview, Li Huiming said that his ideal is to become a civil servant, and his major is still to study law, and in the endIn 2003, he returned to his father's factory, followed by other dedicated workers, pushing a cart full of coal to burn the pile.
He basically went to all the process links in the steel mill to get a thorough touch, most of the people didn't know him, and only a few people knew himPeople who know him are shocked, this second generation is so able to endure hardships
They were also shocked by this, when the words of praise came from Li Huiming's own mouthI still think it's a little bit narcissistic.,But I still believe that the tiger father has no dog.。
How did you get into this line of steel?The steel industry can't be rectified, there must be real technology.
is like a star, who was supposed to be able to act, but later it became Dan Fan who has a little acting skills, and he doesn't want to move the director and the audience, and he really knows how to act a little bit, and he actually thinks, wow, it's so powerfulBut the audience forgets that that's what they do.
Are you also a man of steel, youWhat are your thoughts on the future of the steel industry?Please leave your financial password and leave a comment.