The business boys of the past are now the pillars of the business.
AI-generatedText: Daily Capital
Three days ago, the news of Zong Qinghou, the founder of Wahahaha, suddenly appeared on the Weibo hot search list. The publicity department of Sir Run Run Shaw Hospital affiliated to Zhejiang University School of Medicine said that Zong Qinghou is currently being treated in the ICU ward of the hospital, and Zong Qinghou's physical condition is stable. On February 25, the bad news came that Zong Qinghou passed away due to illness.
While mourning the first generation of outstanding private entrepreneurs in China, netizens are also in the "first problem" of private enterprises. Yes, since the 1990s, the problem of the best people in China's private enterprises has been one of the focuses of continuous attention. However, at that time, the vast majority of successful private bosses were still in their prime, and the problem of ** people was not so urgent.
But with the passage of time, especially the occurrence of some accidents, some "second generation enterprises" have passively taken over the corporate scepter. The case of Shanxi Haixin Group is a typical example. To the surprise of many ordinary people, in Zhejiang Province, where the private economy is developed, most of the "second generation of enterprises" are unwilling to inherit their father's business.
A person from the Global Family Business Research Center of Tsinghua University's PBC School of Finance once said that the survey showed that the proportion of Wenzhou business families whose parents were engaged in traditional manufacturing is about 10% of the next generation to take over and continue the existing industry.
However, the wheel of time often turns the impossible into a possibility - many first-generation well-known domestic private enterprises have completed the baton handover. Most of these "second generation enterprises" are "post-80s", and most of them have overseas study experience, and have different degrees of exercise and harvest within the enterprise. In other words, to what extent China's private enterprises can go in the future depends on the performance of the "second generation of enterprises". Let's take a look at the 10 representative "second generation enterprises". Among them, there are not only the most successful second-generation super enterprises, but also the most beautiful daughters in charge of 100 billion commercial photovoltaic enterprises, and of course, the second-generation ...... of enterprises who are struggling and even almost ruining their parents' foundations
1, the saddest second generation of enterprises - Li Zhaohui
For this name, perhaps younger ** reporters are not very familiar with it. However, once upon a time he was a smash hit. In 2003, when the memory is somewhat long, Li Haicang, then vice chairman of the All-China Federation of Industry and Commerce and known as the "steel king", was shot and killed in his office. Twenty-eight days later, Li Haicang's son, Li Zhaohui, who was only 22 years old, succeeded him.
After he took over, he was prosperous for a while. In 2004, the total asset value of Haixin Iron and Steel reached more than 7 billion yuan, becoming the largest taxpayer among China's private enterprises that year. In November 2004, Shanxi Haixin Industrial Co., Ltd., a subsidiary of Haixin, was 5900 million yuan of **, the transfer of 1600 million shares and sold at the bull market highs of the first half of 2007. This year, Li Zhaohui was pushed to the 78th place on the Hurun Report that year, with a wealth of 15 billion yuan, becoming the youngest richest man in Shanxi. Li Zhaohui's name has also become synonymous with being young and promising.
In 2010, he was once again in the spotlight. He married the star Che Xiao, and on the same day, Li Zhaohui sent 6 million red envelopes to the company's employees, consumed hundreds of boxes of famous wine, and the entire wedding cost hundreds of millions, and every corner of the scene was filled with the smell of money.
But soon, Li Zhaohui encountered Waterloo. In 2014, an overdue loan of 3 billion yuan was not repaid in time, and the six blast furnaces of Haixin Iron and Steel were extinguished. Next, creditors come to the door, banks draw loans, and the tearing hole is getting bigger and bigger. In June of that year, Haixin Iron and Steel submitted a bankruptcy reorganization plan to the local government. After the reorganization, all the original shareholders' rights and interests were lost. In the second year, Jianlong Iron and Steel acquired 100% of the shares of Haixin Iron and Steel. At this point, the steel empire left by Li Haicang was cleared in the hands of Li Zhaohui. Li Zhaohui's name also gradually disappeared from the layout of **.
The troubles of the richest woman? - Yang Huiyan
The "80s", who became the richest woman in China at the age of 25, is one of the focus figures of many ** and major lists. Before she officially took over her father's scepter, she became the richest woman in China 10 times in a row by virtue of her Country Garden**.
In April 2023, Yang Huiyan took over as the chairman of the board of directors of Country Garden. However, on August 11 of that year, Country Garden officially sounded the debt alarm, and all 11 of its domestic bonds were suspended from the opening of the market the next day. The total balance of bonds is 15.7 billion yuan, of which the earliest maturity is the 3.9 billion yuan private placement bond "16 Bidi 05" to be redeemed on September 2, 2023.
Country Garden said that the company encountered the biggest difficulty since its establishment, and incidentally issued a profit warning announcement that shocked the market, "In the first half of 2023, Country Garden's net loss will be between 45 billion yuan and 55 billion yuan." ”
Ensuring delivery, operation, and credit" has become Yang Huiyan's top priority in 2023. In order to make the company "survive", Miss Yang Er had to do everything she could, sell assets, reduce debts, and auction equity. In 2024, Country Garden is expected to deliver more than 480,000 units, which is still a sky-high delivery task. In addition, Yang also needs to deal with tricky offshore debt restructuring. She still needs to hold on.
3. Wanda wants to rely on the "little prince"?—Wang Sicong
All kinds of reports about Wang Sicong should be able to attract the attention of many readers, however, on November 27, 2023, Wang Sicong, who is in a gray sweatshirt and sneakers, appeared in Tai'an as the "chairman of Beijing Huanju Business Management", and had a discussion with relevant leaders of Tai'an City, and also attended the signing ceremony of the cultural tourism fitness center project. The last time he appeared in government affairs news was in 2020 when he met with relevant leaders of Dalian City.
Although Wanda Group publicly stated that Huanju Commercial Management has nothing to do with Wanda, Wang Sicong basically does not participate in Wanda's business. This once made the outside world interpret that Xiao Wang was finally going to his father's battlefield. So, in 2024, will Wang Sicong inherit his father's business?
4, "Chinese Beverage Girl Carrying the Handle" - Zong Fuli
This time, Zong Qinghou's ICU treatment made many people worry about whether Zong Fuli would be able to carry the banner of "Chinese beverage handle".In fact, this concern is somewhat unnecessary.
Zong Fuli has come all the way from the grassroots level in Wahaha. She went to the United States to study alone at the age of 14, and after returning to China, she started from workshop management and worked her way to the position of president of Hongsheng Beverage Group. Hongsheng Beverage Group is not only a downstream enterprise of Wahaha, undertaking product OEM business, but also expanding its own upstream and downstream industrial chain, and has now become a comprehensive beverage group. Since March 2020, Zong Fuli has concurrently served as the deputy general manager of Wahaha Group Sales Company. In December 2021, Zong Fuli was appointed as the vice chairman and general manager of the group, and her Zong Qinghou is still the chairman of the group
It is not difficult to see that Zong Fuli is familiar with the manufacturing industry in all aspects, which is extremely beneficial to Wahaha's future development, at least there will be no embarrassing situation of outsiders managing insiders.
According to the list of "2022 China's Top 500 Private Enterprises" released by the All-China Federation of Industry and Commerce, in 2021, Wahaha's revenue will return to more than 50 billion yuan, reaching 5191.5 billion yuan, which is the largest increase in the company's revenue since 2013. In 2022, Wahaha's sales will be 5120.2 billion yuan, ranking 227th. Although it has declined slightly, it is generally stable, and it is still firmly in the first place in China's beverages.
5. Can you catch it? - Zheng Ju
In 2023, it will be remembered forever by those who care about Shanshan.
On February 10 last year, Zheng Yonggang, the founder of Shanshan brand and the former chairman of the board of directors of Shanshan Holdings, died of sudden illness. After that, Shanshan fell into a war for production. After several setbacks, Zheng Ju, the son of Zheng Yonggang, who was born in 1991, was elected as the chairman of Shanshan Co., Ltd. However, Zheng Ju's first report card was not satisfactory.
According to the 2023 annual performance reduction announcement released by Shanshan Co., Ltd., it is expected that the net profit attributable to shareholders of listed companies in 2023 will decrease by 59% to 68% year-on-year, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will decrease by 82% to 88% year-on-year. Lithium battery anode materials and polarizers are Shanshan's two core businesses.
If Shanshan continues to decline in 2024, it will be more troublesome for Zheng Ju.
6. New Hope, New Hope - Liu Chang
Liu Yonghao, chairman of New Hope Group, is definitely one of the representative figures in China's business community, and he has taken great pains to train his daughter Liu Chang. Born in 1980, Liu Chang was sent to the United States to study at the age of 16 and only returned to China in 2002. Since then, Liu Chang has worked in several companies under the New Hope Group under the name "Li Tianmei". It wasn't until 2011 that Liu Yonghao officially let Liu Chang know to the outside world.
In 2013, Liu Chang, who was only 33 years old, officially took charge of New Hope Liuhe Co., Ltd., the largest real industry sector under New Hope Group. According to the financial report data, New Hope's revenue in 2013 was 69.4 billion yuan, but in 2022, New Hope's revenue has soared to 141.5 billion yuan, an increase of more than 2 times before and after. Obviously, Liu Chang has handed over an answer sheet that satisfies many people.
On May 24, 2023, Liu Chang officially became the chairman of New Hope Investment Group. At present, New Hope Investment Group has invested in a total of 46 enterprises, covering software and information technology services, ecological protection and environmental management.
Can Prince Suning still play Inter Milan? - Zhang Kangyang
This handsome big boy born in 1991 quietly **Tesla** during school, 5 times the profit, is considered to have a super business talent, and was once the focus of many **. But with the outbreak of Suning's debt crisis, Zhang Kangyang seems to have faded out of the spotlight. Although Suning introduced new funds in 2021 to solve the urgent need, Zhang Jindong lost his controlling stake in Suning Tesco and resigned as chairman, but nominated Zhang Kangyang as a non-independent director.
Zhang Kangyang is currently the chairman of Italy's Inter Milan Football Club and a director of Japan's LAOX Co., Ltd. However, on July 19, 2022, the High Court of Hong Kong ruled against Zhang Kangyang, requiring the latter to act as a guarantor to repay a sum of more than 2$5.5 billion borrowing.
That's not all. According to the New York Times, Inter Milan has lost more than $400 million in the past two years, making it the most indebted Italian club at present, so Suning Group had to agree to a $1.3 billion bailout loan partially funded by the local ** to cover the growing debt.
Please note that Milan Sports revealed that Inter President Zhang Kangyang previously took out a loan of 27.5 billion euros, all of which were loans from Oaktree in the United States. According to the contract, Inter Milan must pay Oaktree Capital about $400 million in full in 2024, and if it is not paid off, then Zhang Kangyang may lose Inter Milan.
almost ruined Metersbonwe's daughter-Hu Jiajia
Born in 1986, Hu Jiajia graduated from Aston University in 2010 with a degree in marketing and obtained a master's degree in fashion marketing from Istituto Marangoni in London in 2011. After returning from her studies, she joined Metersbonwe and worked in various positions, including the president's office, footwear development and operation department, brand marketing department, strategic development department and other departments, from joining the company to becoming the chairman, it took only 5 years.
In 2016, Hu Jiajia took over the "scepter" from his father, and at that time, Zhou Chengjian, who was only 51 years old. But by the time Hu Jiajia took office, Metersbonwe had already begun to decline. According to the company's financial report, the company's annual revenue has been declining since it approached 10 billion yuan in 2011. In 2015, the company ushered in its first loss after listing.
For more than 7 years after that, Meibang performed poorly in her hands, with only one annual net profit being positive, with a cumulative loss of nearly 3.2 billion yuan. On December 26, 2023, Ms. Hu Jiajia, Chairman and President of Meibang Apparel Co., Ltd., received the decision on administrative supervision measures issued by the Shanghai Securities Regulatory Bureau on the "Decision on Issuing a Warning Letter to Hu Jiajia".
In desperation, in January 2024, Metersbonwe issued an announcement that Zhou Chengjian took over the position of chairman and president of the company, and Hu Jiajia, the former chairman and president, resigned.
The most beautiful 100 billion photovoltaic chairman - Liu Shuqi
Liu Shuqi, born in 1989, graduated from Queen Mary University of London in the United Kingdom in 1989. She is the daughter of Liu Hanyuan, the richest man in Sichuan, Tongwei Co., Ltd., and is also known as one of the "four princesses" in China's business community.
His father, Liu Hanyuan, took cross-border risks and successfully transformed from the aquaculture industry to the photovoltaic industry, and was a leader in the domestic business community. In particular, the performance of photovoltaic enterprises has soared in recent years, and Sichuan Tongwei Group, as one of the leading photovoltaic enterprises, has made a lot of money. The market value of Tongwei shares soared from less than 60 billion yuan to 170 billion yuan, and the highest market value exceeded 300 billion yuan. With revenue of 100 billion yuan and net profit of more than 25 billion yuan, it is the world's largest manufacturer of high-purity crystalline silicon and cells.
Compared with food, real estate, clothing and other industries, although the photovoltaic track has been a little crowded, it is a sunrise industry after all. Therefore, Liu Shuqi may be the best in the recent years of this group of enterprises.
"The most successful second generation of enterprises" - Yan Hao
Yan Hao, born in 1986, is the son of Yan Jiehe, a well-known entrepreneur in China - Clinton once attended his wedding ceremony, and when he was worth more than 120 billion yuan in his early thirties, he was the most successful rich second generation in China and one of the few young rich people in the world. He is currently the Chairman of the Board of Directors of Pacific Construction, the Vice President of the China Chamber of International Commerce, the Vice President of the China Self-employed Workers Association, and the Executive Vice Chairman of the China Private Economic Research Association.
After graduating from university, Yan Hao went to Suchen Group (a state-owned enterprise just acquired by the group) as the chairman of the board of directors, and in the first year of his tenure, he turned this old state-owned enterprise that had lost money year after year into a profit, making a profit of 80 million yuan. In 2011, Yan Hao took charge of the construction of Guangxi Liuzhou Garden and Horticulture Expo Park. Study technology, overcome difficulties, rush the construction period, half a year, perfect delivery of the project, won the "advanced collective", the main project of the steel structure exhibition hall won the "China Steel Structure Gold Award". In the same year, Yan Hao was awarded the title of "2011 Outstanding CEO". At the end of the same year, he was appointed Chairman of the Board of Directors of Pacific Construction. Under his leadership, Pacific Construction has been selected as one of the world's top 500 companies for 10 consecutive years, ranking first among private construction companies in the world.
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