At 8:08 a.m. on January 10, 1994, Lu Weiding, then executive director and general manager of Wanxiang and executive director of Wanxiang Qianchao, rang the loud bell in the hall of the Shenzhen Stock Exchange, and "Wanxiang Chao A" officially debuted in China's capital market 000559. This was the first share of China's private enterprises to be allowed to be listed, and it was also a landmark event of China's reform and development at that time.
On January 10, 1994, "Wanxiang Chao A" was listed on the Shenzhen Stock Exchange.
Time flies, 30 years have passed, how has the Wanxiang money tide changed? Let's look back at the development of the first 30 years of listing from several dimensions.
From traditional management to modern management. With the listing of Wanxiang Qianchao as a symbol, the shareholding system transformation has been completed, and an enterprise system full of vitality and vitality has been formed with clear property rights, separation of government and enterprises, clear rights and responsibilities, and scientific management. Wanxiang Group has become the pioneer of the implementation of the modern enterprise system in township enterprises, and Wanxiang Qianchao, as an independent legal person with independent operation and self-responsibility for profits and losses, has embarked on the fast track of development.
In recent years, Wanxiang Qianchao has further promoted the digital intelligence project and vigorously built the "factory of the future".
Scientific and technological innovation empowers high-quality development. The company continues to increase investment in technology, introduce international advanced equipment, establish modern production lines, promote digital intelligence projects, and empower high-quality development. With a national enterprise technology center, a national postdoctoral research workstation, a nationally accredited laboratory, etc., with core design, manufacturing and testing technologies, with the concept of green design, green manufacturing and intelligent manufacturing, the development of low-energy, lightweight, long-life, intelligent products, and presided over or participated in a series of international, national and industry standards to lead the development of the industry.
The picture shows the engineers of Wanxiang Qianchao Technology Center analyzing and evaluating the test data.
It has cultivated a team that can do good things. Wanxiang Qianchao pays close attention to the construction of talent team, carries forward the spirit of model workers, labor spirit and craftsman spirit, continuously improves the cultural level, skill quality and professionalism of employees, cultivates a group of master craftsmen, establishes a number of skill studios, invents a number of operation methods named after employees, and forms a team of model workers and craftsmen including business managers, scientific and technological workers, front-line technical workers, etc., and has become the mainstay of enterprise development.
The picture shows the universal joint, wheel hub unit and transmission shaft, the single champion products of the manufacturing industry produced by Wanxiang Qianchao.
From a specific product to a series of products. The leading products have expanded from universal joints to transmission shafts, constant velocity drive shafts, hub units, bearings, brakes, automotive electronics, transmission systems, braking systems, suspension systems, chassis, fuel tanks and aftertreatment systems and other parts and assemblies, seizing the opportunity of the "New Four Modernizations" of automobiles and providing modular, systematic and collaborative solutions. One out of every two cars manufactured in North America uses universal components. In various subdivisions, it has a number of manufacturing single champion demonstration enterprises and national-level specialized and new "little giant" enterprises, mastering key core technologies and injecting a steady stream of kinetic energy into the company's sustainable and high-quality development.
In 2007, Qianchao QC brand universal joint was awarded the title of "World Famous Brand", achieving a breakthrough of "zero" for China.
From a domestic brand to a world brand. In 1994, Wanxiang set up a company in the United States, "knocked" on the door of GM in 1997, and acquired Scherer Company in the United States in 2000. The internationalization process of Wanxiang Qianchao has accelerated, and its product sales have expanded from more than 20 countries and regions to more than 60 countries and regions at the beginning of its listing, and it has become a strategic partner with world-class OEMs to achieve long-term stable supply. On the basis of winning the silver medal of the National Quality Award in 1987, it has won the nomination award of China Famous Trademark, China Industry Award and China Quality Award after listing, and has been awarded the title of World Famous Brand.
In 2007, Wanxiang Qianchao Automobile Universal Joint Project won the first China Industry Award.
Steady development and continuous return to investors. In the past 30 years, Wanxiang Qianchao's total revenue has increased by 7161 times, net profit increased by 295 times, the total market capitalization increased by 3801 times, total assets increased by 8072 times, the total share capital increased by 2931 times, with a cumulative cash dividend of 27 times, and a dividend amount of 730.8 billion yuan, a total of 11 bonus shares, 23 bonus shares6.3 billion shares, practicing the corporate tenet of "creating benefits for shareholders" and "creating prosperity for society".
Over the past 30 years, Wanxiang Qianchao has been deeply engaged in its main business, innovated and developed, and has undergone earth-shaking changes. Looking back on the road to listing that year, it has gone through ten years of breaking through the barriers. From 1984 Wanxiang began to try the joint-stock cooperative system, in 1988 "spend money to buy no matter what" to define the property rights relationship with the township, in 1989 as the only township enterprise was included in the national 10 joint-stock pilot enterprises, in 1992 became one of the first batch of 9 standardized joint-stock pilot enterprises in Zhejiang Province, to November 7, 1993 Wanxiang Qianchao ** approved by the State Securities Regulatory Commission to publicly offer, January 10, 1994 "Wanxiang Chao A" ** listed in Shenzhen, ten years, In order to change the mechanism to standardize management, raise funds to expand the scale and accelerate development, Lu Guanqiu, the founder and chairman of the board of directors of Wanxiang, led Wanxiang people to reform without distractions, promote the introduction of new regulations for the issuance of the first by relevant departments, and push open the "glass door" that hinders the listing of township enterprises.
The listing exploration of Wanxiang Qianchao and the changes in the development of 30 years are the vivid practice of the "Lu Guanqiu Spirit" - the spirit of tackling tough problems without distractions, the spirit of righteousness in the course of doing things, the spirit of creation for a long time, the optimistic spirit of honor and disgrace, and the spirit of Datong of virtue and Hongyi. This spirit will inspire and guide Wanxiang Qianchao in the new journey, focusing on the mission of "making the air cleaner", focusing on the main business to take the road of specialization, refinement, and innovation, do a good job in the two hard cores of bearings and chassis, strengthen the global development strategy, continue to implement the digital intelligence project, implement the requirements of the board of directors, "further build the core competitiveness, enhance the transformation of advantages, and form an explosive force of agglomeration", the supremacy of science and technology and high-quality development, and build a global advanced enterprise!