Fang Wei, as the chairman of the board of directors of Liaoning Fangda Group, has always attracted attention for his generous measures. On the eve of the Spring Festival this year, large red envelopes ranging from 5,000 to 20,000 yuan were distributed to employees of its subsidiaries again; Previously, he had also thrown 5500 million yuan for employees, and more than 200 million yuan for employees.
What kind of strength supported Fang Wei's such generous actions?
The road to the up
Regarding the past of Fang Wei's beginnings, the most widely circulated theory is: Fang Wei first bought scrap iron in Fushun, Liaoning, and then resold it to a local steel mill, at that time, a steel mill owed Fang Wei a lot of money, and then used one of their iron mines to offset it, and the iron ore ** soared a few years later, and Fang Wei earned the first pot of gold. Later, through the integration and innovation of steel, carbon, pharmaceutical, aviation and other industries, Fangda Group successfully built Fangda Group into a giant in cross-industry fields.
In 2003, Fangwei reorganized Fushun Laihe Mining. In 2004, Fushun Xinren Industrial changed its name to Liaoning Fangda Group Industrial Co., Ltd., and from 2004 to 2005, it successively acquired three state-owned enterprises: Shenyang Coking Gas, Chengdu Rongguang Carbon, and Hefei Carbon.
In 2006, Fang Wei entered the capital market and won 51 of the total share capital of *ST Hailong62%。Subsequently, Gansu Hailong Technology changed its name to Fangda Carbon, becoming Fangwei's first listed company, demonstrating his ambition and strength in industrial integration.
In 2009, Fang Wei made another move and acquired Nanchang Iron and Steel 5797% of the state-owned shares, and at the same time, its listed company Changli shares were renamed Fangda Special Steel. Since then, Fangwei has continued to expand its business territory and taken over the listed companies ST Jinhua (now known as Hangjin Technology) and Jiangxi Jiujiang Pinggang.
In 2018, Fang Wei officially became the actual controller of Northeast Pharmaceutical to further lay out the pharmaceutical industry. After that, he also became the owner of Shenyang state-owned enterprises - Zhongxing Commercial and North Heavy Industry, further expanding the business scope of Fangda Group.
In 2021, Fang Wei competed with "JuneYao System" and "Fosun System", and finally successfully took over the main aviation business of HNA. It is worth mentioning that in less than three months after becoming the owner of Hainan Airlines, Fangda Group settled all its salary arrears.
5 companies earned 2.1 billion in 9 months
According to previous reports, Fangda Group's cash flow is very abundant. In the first three quarters of 2023, the company achieved a net operating cash inflow of 1801.5 billion yuan. The first three quarters of 2023:
HNA Holdings' net profit was 8$8.5 billion;
Fangda Carbon's net profit was 3$8.4 billion;
Northeast Pharmaceutical's net profit was 2200 million yuan;
ZTE's net profit was 7995680,000 yuan;
Fangda Special Steel's net profit was 58.7 billion yuan.
The five listed companies achieved a total net profit of 215.6 billion yuan, these data not only demonstrate Fangda Group's operating strength and market competitiveness in various fields, but also reflect its good financial condition and stable profitability.
Management "tricks".
Fangwei's success lies not only in the accuracy of industry selection, but also in the reform and governance of each company.
Fang Wei achieved profitability the following year after taking over ST JinhuaIn the following years, it maintained a stable and reliable net profit performance, and its market value continued to hit a record high. This fully demonstrates Fangwei's high efficiency and achievements in corporate governance.
After entering Zhongxing Commercial, it broke the original sales channels and models, introduced real estate sales into shopping malls and combined online and offline layout of new retailIn less than a month, ZTE Commercial completed the business model from negotiation, design to presentation. It has gradually transformed from full-staff marketing to a diversified consumer business aggregate, and has moved towards a large-scale consumption format.
After joining HNA Group, Fang Wei introduced the daily cost management mechanism of the steel and carbon sectors into the aviation sector, requiring precise control of every link of production and operation, and realizing the accounting of costs and revenues on each day. In 2023, HNA Aviation Group will achieve revenue of 122.6 billion yuanAchieved the first operating profit in the past five years. According to the latest news, HNA Airlines carried an average of about 340,000 passengers per day during the Spring Festival holiday this year, an increase of about 43% over the same period in 2023, and launched a variety of special products with sales of more than 100 million yuan, showing a strong development momentum and market competitiveness.
Without exception, these loss-making companies and even on the verge of bankruptcy were resurrected like magic in the hands of Fang Wei. These show that Fangda Group has brought positive changes and good business performance to the enterprise by virtue of refined management and innovative marketing strategies, and has demonstrated Fangwei's excellent leadership and management level.
The "ambition" is grand
Fang Wei's "ambition" can be described as grand. In 2023 he had proposed,New HNA will have a fleet of more than 1,000 aircraft in 2029 and 1,200-1,300 aircraft in 2035. On February 22, 2024, Juneyao Airlines issued an announcement sayingFang Weicheng is the third largest shareholder of Juneyao Airlines. It can be seen that Fang Wei continues to enter the aviation field, showing his ambition for the aviation industry.
In the medical sector, Fangda Group will continue to pursue excellenceBenchmark and even surpass 301 hospitals and ***Recruit and introduce the best medical professionals and experts to provide high-quality medical services for the majority of patients.
In January 2024, Fang Wei pointed out when he went to Jiujiang Iron and Steel to investigate and guide the workThe final development target of the group's steel sector is to reach a production capacity of 50 million tonsHe also emphasized that the market downturn is a good opportunity for the implementation of mergers and acquisitions. This means that he will further expand the acquisition to drive the growth of the group.
The above measures fully demonstrate Fang Wei's ambition for the future! In the future, Fangda Group will build an international large-scale enterprise group with clear main business, scientific management, outstanding core competitiveness, influence and driving force in related industries.
The reason why Fang Wei was able to stand out in the business world and establish the business empire of Fangda Group was mainly due to his precise layout and unique business strategy. In October 2023, Fang Wei ranked 46th on the Hurun Report with a net worth of 63 billion yuan, surpassing Du Shuanghua and becoming the new richest man in China's steel industry. The hard work and perseverance behind him have not only earned him personal respect, but also established an image of a dynamic and promising business leader in the Chinese business community. Looking forward to Fang Wei continuing to lead Fangda Group to continue to write legends!