"Billionaires are restricted from spending too much again!On October 18, Wang Wenyin, the founder of Zhengwei Group, was restricted from high consumption, which was his second "high limit" in the past two months. The last time was at the end of August, when he was arrested for 10.3 billion yuan of construction contract disputes were "limited in height". When it comes to Wang Wenyin's name, many people may not know. But he is the most mysterious and low-key rich man. On the 2017 Forbes Chinese Rich List, Wang Wenyin entered the top ten with a value of 91 billion yuan, far surpassing Robin Li. At the same time, his Zhengwei Group has created a revenue of more than 600 billion yuan, entered the "Fortune 500", and has mineral resources in many places around the world, so he himself is also known as the "World Copper King". 
In addition, he also has a close relationship with Xu Jiayin, the bigwig who "overturned" not long ago. But now, this low-key misty tycoon has frequently "thundered", and his Zhengwei Group 4500 million shares were also frozen, and Zhengwei Group was also exposed to news of salary arrears and fraudulent compensation. Is the "World Copper King" Wang Wenyin also going to be planted?
Only those who are desperate for success can give up their immediate interests again and again and chase a bigger world. In 1993, after graduating from university, Wang Wenyin was assigned to work in a state-owned enterprise in Shanghai, receiving a salary of 400 yuan a month. At that time, a farmer's annual income was more than 800 yuan, and Wang Wenyin could be said to have a proper high salary. But there is an upper limit on the salary of this job, Wang Wenyin is not satisfied, he wants to earn more money and create a bigger career. At that time, Shenzhen was a "hot land" to be developed, and thousands of young people poured into it to pursue their dreams of wealth. How could Wang Wenyin, who also wanted to make a fortune, miss it, he resigned from the "iron rice bowl" in the eyes of others without hesitation, took only 400 yuan, took a train, transferred to a car, and spent half a month to go to the treasure land of Shenzhen. 
But everything was not as good as he imagined, because there was no suitable job, and he had less and less money. When he was in the most difficult time, Wang Wenyin even lived under the bridge. Later, he finally entered a Hong Kong company as a warehouse manager, which is engaged in circuit accessories, and it happens that his major is related to this, and he is very handy in this job. And he doesn't see himself as a part-time worker, no matter how complicated the work is, he can do his best. It would be good for others to memorize hundreds of the codes of thousands of materials in the company, but it took Wang Wenyin less than a month to memorize all the codes. Soon he was appreciated by the company's leaders, who made an exception and promoted him to 7 levels in a row, from warehouse manager to assistant general manager. In the first year of being an assistant, his salary plus bonus was nearly 1 million yuan, and later he successively served as deputy general manager and general manager, and after several years of accumulation, he had an original capital of 5 million yuan. So he resigned decisively and started a business. 
In 1995, Wang Wenyin founded Xiewei Industrial Co., Ltd., a company specializing in power supply products, which is also the predecessor of Zhengwei Group. In order to stand out in the industry, Wang Wenyin took the workers to work hard day and night, eating and living in the factory. With Wang Wenyin's rich experience and unremitting efforts, the company achieved sales of 2 million yuan in the first month, and approached 10 million yuan in the third month. Although the company's development is improving, Zhengwei Group is still inconspicuous at this time. 
If Wang Wenyin, like ordinary entrepreneurs, let the company grow step by step, it is estimated that today's Zhengwei Group is still a small factory. Fortunately, Wang Wenyin's three "big bets" gave Zhengwei Group wings to Teng Fei. In 1997, when the financial crisis broke out in Asia, both domestic and foreign companies sold their factories and equipment at low prices in order to protect themselves. Just when the whole industry was in fear, Wang Wenyin went crazy. Despite the opposition of his family and the company's top management, he took out all his working capital, and even took out loans, to acquire a large number of equipment and factories. 
After the global economy recovered, wire sales surged, and Xiewei Company made a lot of money, from a million-level company to a tens of millions company. This made Xiewei Industry, which was originally outside the 18th line, become one of the largest local wire manufacturers. However, during this period, Wang Wenyin encountered a bad thing. At that time, there was a downstream company that took millions of goods, but they were all on credit, resulting in the funds not being returned in time. This incident seriously affected the purchase of upstream raw materials, and later, Wang Wenyin said to the businessman, and the businessman agreed to pay in installments. This incident made Wang Wenyin realize that if you want to make the company bigger and stronger, it is best to control all the upstream and downstream in your own hands. In 1999, Wang Wenyin officially changed the name of Xiewei Company to Zhengwei Group and registered it in Hong Kong. Zhengwei Group has a number of companies including wire, cable, plastic processing and production, with total assets of more than 1 billion yuan. 
Although Wang Wenyin's company includes a number of production lines, none of them are mining companies, and they are still far from the goal of full-chain production. But soon, Wang Wenyin waited for an opportunity to change. In 2003, the prices of consumer goods and raw materials, including copper, were completely reduced, and a large number of copper mines were queued up to sell at low prices for a while. Wang Wenyin, who has been short of raw materials, seized the opportunity and insisted on building a super factory in Tongling, Anhui Province, which can not only refine copper, but also engage in processing. He once again overrode public opinion and purchased a number of copper mines and tungsten ores in China, with resource reserves of more than 30 million tons. Soon, the price of copper rose sharply, Wang Wenyin's value skyrocketed again, and the most important thing is that he opened up the upstream and downstream industrial chain, and the output value rose to 10 billion yuan. 
The second success gave Wang Wenyin a big boost of confidence, and five years later, he did the same and pushed Zhengwei Group to a new height. In 2008, when the global economic crisis broke out, the UK's copper reached the lowest price in 10 years, and Wang Wenyin quickly bought more than 400,000 tons of copper at more than 20,000 yuan per ton. It has purchased more than a dozen copper mining companies in the United States and Europe, and set up overseas headquarters in the United States, Singapore and Geneva. After the global economy, more than 20,000 yuan per ton of copper, Wang Wenyin sold it for 4-80,000 yuan per ton, earning 2-3 times the money. Zhengwei Group's operating income soared from 16.6 billion yuan to 128 billion yuan in four years. 
In 2013, Zhengwei Group ranked 387th in the "Fortune Global 500 Enterprise Ranking", and then its ranking rose year by year. As of 2016, Zhengwei Group's minerals are distributed in more than 20 countries around the world, with a mining area of 100,000 square kilometers and a total copper ore reserve of 24 million to 30 million tons. Regarding these three successes, Wang Wenyin proudly said, "Every crisis is an opportunity, allowing us to achieve corner overtaking." After more than ten years, Wang Wenyin has made Zhengwei Group a leader in the industry, and he should go to the top of the industry next
Every asset boss will not toss in just one field, they will be like an "octopus", making money, and stretching their tentacles to. Wang Wenyin is no exception. After the steady development in the power supply field, Wang Wenyin set his sights on the real estate field, and his best friend in the real estate field was Xu Jiayin. In order to cooperate with Xu Jiayin, Wang Wenyin really tried his best to "tout" Xu Jiayin. The most famous is the two characters that Wang Wenyin personally sent to Xu Jiayin, one praising him as an "extraordinary person" and doing "extraordinary things". Another word, Wang Wenyin, hid the praise in the words, praising the family seal as "excellent and great", which is really a dare to blow and a dare to believe.
In addition to the mouth cannon, Wang Wenyin also took out real gold ** to support Xu Jiayin. In 2017, Wang Wenyin took out 5 billion yuan to buy Evergrande shares, and Zhengwei Group became one of the shareholders of Evergrande and has maintained it until now. In addition, when Evergrande was in deep crisis, Wang Wenyin also used his connections to attract investment for Evergrande. On August 14, Newton Group, a "local tyrant in the Middle East", made a strategic investment of about 500 million (about 3.6 billion yuan), equivalent to 3.6 billion yuan. Wu Nan, the boss of Newton Group, has a close relationship with Wang Wenyin, and the two have co-founded two companies.
But Wang Wenyin's investment in the real estate industry is by no means limited to this, and his "roots" are very deep. Zhengwei Group has taken a lot of industrial land in all parts of the country for the construction of industrial parks, in the process, Wang Wenyin found that while taking industrial land, and then taking residential land, residential land will be much cheaper. In 2009, Zhengwei Group took out 17.18 million yuan to set up a real estate company in Shenzhen, called "Huahui Real Estate", and Wang Wenyin himself held 90% of the shares.
The land was obtained, but Wang Wenyin was a "layman" in the real estate industry after all, and he was not familiar with the follow-up operation. So, he sold the land he had and acted as a "second-way dealer". According to public reports, in Lanzhou, Huahui Real Estate has set up 8 real estate companies, including Lanzhou Tianyuan Real Estate Development and Lanzhou Tiansheng Real Estate Development. In three years, they bought at least 19 residential plots of land in Lanzhou, and then in 2017, they gave all of them to Evergrande's real estate company in Lanzhou. Of course, Huahui Real Estate has also purchased large areas of land in Jinan, Jinhua, Huzhou and other places, and Wang Wenyin's trading partners have also increased Poly, Jiayu and other real estate groups.
In addition to the real estate industry, Wang Wenyin has also entered the semiconductor industry. In July 2021, Jiuding New Materials, a listed company controlled by Wang Wenyin, announced that it planned to acquire two semiconductor companies, Zhongke Digao and Jiufang Schindler, and jointly build a complete third-generation semiconductor industry chain with the existing technology companies under Zhengwei Group. It is said that the initial estimate of the acquisition at that time would cost 6 billion yuan, but by August 2022, due to the different intentions of the two parties, the acquisition was in vain.
So far, Zhengwei Group has been listed as one of the world's top 500 companies by Fortune for 11 consecutive years. In 2023, Zhengwei Group will rank 124th among the top 500 with a turnover of more than 600 billion yuan, and Wang Wenyin's personal wealth will also reach tens of billions. It seems that everything is beautiful with Wang Wenyin and Zhengwei Group, but is this really the case behind it?
Although Zhengwei Group is huge, it has not been listed, resulting in its financial strength and asset status not being transparent, which has attracted many questions. The first to be questioned was Zhengwei Group's copper reserves. Zhengwei Group has huge copper reserves, but none of the world's well-known large-scale copper mines are Zhengwei Group'sSecondly, Zhengwei Group claims to build industrial parks across the country, for example, Zhengwei International has announced that it has signed a contract to build a new material industrial park in Xuzhou, and in Jiangsu has also promised to invest 10 billion yuan to establish a photoelectric display polarizer industrial base. However, these projects have never been completed. It is hard not to suspect that Zhengwei is enclosing land for its real estate company under the banner of building an industrial park.
At the same time, Zhengwei Group has also had a number of movable property incidents. In 2019, Shandong Zhengwei Investment Holdings was sold by Wang Wenyin for 500 million yuanIn 2020, Anhui Susong Hanyu Mining Co., Ltd. will take 2300 million ** was sold to Longjiang Bank shares*** This is not over, this year, the equity of many companies under Zhengwei Group was frozen, which made Wang Wenyin anxious. In May, 35 million yuan of equity in Henan Longmai Chain Management was frozen for 3 yearsIn July, Anhui Quanwei Copper Holdings, Shenzhen Yiwei New Materials, and other shares were frozen, and the freezing period was still 3 yearsIn October, Shenzhen Chengwei New Materials was frozen with another 900 million shares for a period of 3 years.
In addition, Wang Wenyin's assets have gradually shrunk, and he has been restricted from high consumption many times. From 2017 to 2019, Wang Wenyin's assets increased from 893700 million yuan dropped to 650500 million yuan, more than 20 billion evaporated in three years. In September last year, Zhengwei Group had a dispute of 43.62 million yuan in Henan, and Wang Wenyin was obviously able to repay, but he was unwilling to repay, and was listed as a dishonest person by relevant departments. In August this year, Wang Wenyin was restricted from high consumption due to a dispute with the first construction of China Construction Eighth Bureau. In September, Wang Wenyin's company had a dispute with the general contractor of the project, and was once again restricted in height. Although Wang Wenyin's height limit was canceled soon after, the group's actual controller has been repeatedly restricted, which will not only affect the reputation of the company, but also dissuade many companies that have the intention of cooperating. After being restricted from high consumption twice, Wang Wenyin stepped down as the legal representative, chairman and general manager of Zhengwei Group, and was replaced by Sun Xueyong.
Wang Wenyin once said, "When crises and opportunities come, 70% of the people who see the crisis and opportunities, 10% of the people who know the changes in the trend of crises and opportunities, and 1 in 10,000 people who can grasp the turning point of the trend of crisis changes." Obviously, he thinks he is the one in 10,000, but I don't know if he can turn the crisis into an opportunity this time.