China's richest man has long been replaced, and Zhong Sui holds the two major "money printing machines" in his hands
China's richest man replaced! Zhong Sui joined hands with the two "money printing machines" to sit firmly in the lead.
On February 12, the bombshell news came: the position of China's richest man has changed hands. Zhong Sui, the founder of Nongfu Spring, successfully ascended to the throne of China's richest man with the two "money printing machines" in his hands. These two "money printing machines" are the two listed companies in his hands, showing amazing growth and market potential.
Chung's success is no accident, and he has keenly seized the opportunities in two growing industries: beverages and pharmaceuticals. As Ren Zhengfei said: "If an enterprise wants to operate sustainably, it must have growth." "With his excellent business vision, Zhong has accurately captured the pulse of the market, so as to stand out in the highly competitive market.
By the end of 2023, the total market value of the two listed companies in Zhong's hands, Nongfu Spring and Wantai Biotechnology, has exceeded 500 billion yuan. These two "money printing machines" not only made Zhong Sui sit firmly on the throne of the richest man for three consecutive years, but also showed his excellent business wisdom and investment vision.
First of all, let's take a look at Nongfu Spring's "beverage money printing machine". In 1998, when "Wahaha" and "Cestbon" were in the midst of a fierce battle in the pure water market, Zhong Sui took a unique approach and launched Nongfu Spring, which focuses on natural water. He cleverly positioned Nongfu Spring as "nature's porter", and this unique brand image quickly occupied the commanding heights of the market. Nowadays, the advertising slogan "Nongfu Spring is a little sweet" has long been deeply rooted in the hearts of the people and has become a well-known brand.
In 2023, Nongfu Spring's total market capitalization has reached HK$507.8 billion. As the main owner of this "beverage money printing machine", Zhong holds more than 80% of Nongfu Spring's shares. Not only that, in the case of the slowdown in the growth of the packaged drinking water market, Zhong Sui has shown an advanced strategic layout vision. He actively laid out the multi-category tea beverage market, and launched a series of popular products such as oriental leaves. These innovative measures have not only brought substantial profit growth to Nongfu Spring, but also added new growth points to Zhong's business empire.
In addition to Nongfu Spring, another listed company in Zhong's hands, Wantai Biotechnology, is also an out-and-out "money printing machine". Wantai Biotech has a pivotal position in the field of biomedicine, and its products are widely praised in the market. Under the leadership of Mr. Zhong, Wantai Biotech has continued to innovate and develop and actively expand the market, becoming a dark horse in the biomedical industry.
Tsung's success did not happen overnight, and he was able to stand out in a highly competitive market with his keen market insight, excellent business acumen and unremitting efforts. His success story not only provides valuable inspiration and reference for entrepreneurs, but also injects new vitality into China's economic development.
Zhong is firmly on the throne of China's richest man with the two "money printing machines" in his hands, showing his outstanding business talent and extraordinary investment vision. His success story is not only admirable, but also provides us with valuable experience and inspiration. In the days to come, we look forward to Zhong Sui continuing to create more business miracles and contribute more to the development of China's economy.