Abstract: A few days ago, an article published by the National Business Daily about "the world's top 500 enterprises - Zhengwei Group's Huaneng factory fell into a shutdown turmoil", spread on the Internet platform, causing widespread attention to Zhengwei Group.
According to the news, Zhengwei Huaneng (Shandong) New Material Technology Co., Ltd., located in Tengzhou District, Shandong Province, recently spread the news that "employees cannot enter the factory", and the access control punch card machine showed no access authority, resulting in more than 10 employees gathering at the gate of the factory. An employee of the factory revealed that Zhengwei Huaneng has not been paid to the company normally for 4 months, and at present, the employee is worried about losing his existing job. Another person familiar with the matter pointed out that the factory is currently in a turmoil due to order problems, and there are only more than 20 employees left in the huge factory. For the above news, Zhengwei Huaneng did not respond, and seemed to acquiesce in the above news.
In other words, the company, which has the halo of "the largest single manufacturing project in Zaozhuang City", is in the crisis of stopping production due to long-term no orders.
In fact, the company's order shortage problem is not new, and its order problem was exposed in 2022. According to an employee who has left the factory, as early as 2022, Zhengwei Huaneng reported a shortage of orders. In order to cope with the investigation and visit of the higher authorities, the factory often engages in some "fake production" situations, such as transporting some finished cable products that are not produced by Zhengwei Huaneng to the factory from outside, and idling back and forth in the workshop, so as to create a scene of hot production. Entering 2023, Zhengwei Huaneng's situation has not improved, and order problems are still plaguing the factory. In October 2023, Zhengwei Huaneng reported that production was completely stopped, and employees were organized to weed and clean in the factory area. And this problem continues until the Spring Festival this year.
According to public information, Zhengwei Group is a well-known enterprise in China, and has been on the list of the world's top 500 companies for 11 consecutive years. In 2023, Zhengwei International Group, the company behind Zhengwei Group, will start with 904The revenue of 98.2 billion US dollars once again ranked 124th on the list of the world's top 500. Under the halo of Zhengwei Group, Zhengwei Huaneng is also unique in Tengzhou, and its signboard has been a key weight to attract local talents to join. In other words, the reason why many local people joined Zhengwei Huaneng is officially because of the name of Zhengwei Group, one of the world's top 500 companies. In 2021, Zhengwei Huaneng was officially put into production, which has attracted wide attention from all walks of life.
However, in just over two years, this Fortune 500 company, which has attracted all the attention, has been rumored to have stopped production, which is really embarrassing.
According to industry insiders, the reason why Zhengwei Huaneng fell into the order problem is that in addition to being hindered by the current economic environment, the drag of Zhengwei Group is also the most important factor that cannot be ignored. According to the public information of the company, on December 5, 2023, the 1.6 billion yuan equity of Zhengwei Group was frozen, and Zhengwei Huaneng is the target enterprise of the 1.6 billion yuan equity freeze. Industry insiders speculate that the equity of Zhengwei Group was frozen this time, which made Zhengwei Huaneng, as the target company, fall into a liquidity crisis. It is worth mentioning that the above speculation was confirmed by insiders. An employee of Zhengwei Huaneng revealed that when asking the company for arrears of wages, the explanation given by the relevant responsible person of the company was that the company's account was currently frozen and could only enter but not exit.
Some people familiar with the matter also said that the equity freeze or the fuse of Zhengwei Huaneng's suspension of production is the so-called freezing three feet is not a day's cold. Since 2022, Zhengwei Huaneng's capacity utilization rate has been at a low level, and this state is bound to be unsustainable.
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