Chapter 637: Tunhe River in the Western Regions

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In mid-April, the repercussions of Delong's collapse were replaced by a steady stream of international and domestic news. In particular, after Hanhua took over Delong and began to integrate Delong's financial assets in an orderly manner to compensate the lost wealth management customers, the impact of the Delong case on society was further reduced.

However, this has also had another effect. Tang Wanxin, who originally ran to Myanmar in time and space and returned to China to surrender, is still in Myanmar.

But no matter how the outside world changes, Guo Shouyun is still pushing forward with his transformation of Delong Group as planned. In particular, the transformation of industrial assets.

"I brought you here today to discuss Delong Industrial's asset disposal plan and future development strategy. After a pause, Guo Shouyun's eyes swept over Zhang Lei of Hanhua Holdings, Chen Yu, CEO of Oriental Group, Wang Pengju, CEO of Jianlibao, Zeng Liqing, Chief Operating Officer of Tencent and in charge of entertainment planning, Bo Ruituo, former CEO of American Beverages, Bill Maguire, Minister of Finance under Guo Shouyun's private secretary department, George Davis, director of the Lawyer Department, Wang Jue and Wu Xiaojing, two secretaries, plus Wu Feng, nephew of the four Tang brothers, a total of 10 people who participated in today's meeting.

"Wang Jue!"

After receiving the boss's look, she nodded. The introduction of today's meeting is in charge of her and Wu Xiaojing.

"Delong Group, the full name of Delong International Strategic Investment Co., Ltd. Founded in 2000, it is the development of Tang Wanxin on the basis of Delong Industrial Company, which was established in 92. From 92 to 2004, after 12 years of expansion, Delong Group has become a giant group with nearly 500 subsidiaries, assets of 120 billion Chinese dollars, and 300,000 employees. ”

“… Under the banner of Delong, six listed companies have been formed, including Xin~Jiangtunhe, Alloy Co., Ltd., Hunan Fire Cabinet, Shancheng Industry, Tianshan Co., Ltd., and Jingcheng Zhongyan, as well as Delong Agricultural Group, Delong Tourism Group, Delong Animal Husbandry Company, and nine companies as the core. 37 companies such as Xiyu Sanwei Mining Co., Ltd., Xiyu Sanwei Wool Textile Co., Ltd., Xiyu Tunhe Hotel, Xiyu Meihuada Hotel, Great Western Tourism Company, Beijing Xiyangyang Culture, Beijing JJ Disco Plaza, Minsk Aircraft Carrier Theme Park, Denong Seed Industry, Beijing Guowu Sports Co., Ltd. and other 37 companies are subsidiary, and 25 important shareholding enterprises such as Feicai Co., Ltd., Renfu Seed Industry, China Youth Travel Service, Kun~Ming Commercial Bank, Shenzhen Development, Corolla Technology, Bright Furniture, Foton Automobile and other 25 important shareholding enterprises are the main industrial asset system!

“… First of all, the new ~ Xinjiang Tunhe, the predecessor of the new ~ Xinjiang Tunhe was established in 1983 as a collective enterprise - the new ~ Xinjiang Chang ~ Jihui ~ Autonomous Prefecture Tunhe Cement Plant, in 1993 restructured into a limited liability company, in October of that year, the new ~ Xinjiang Delong transferred part of the collective shares, as the fourth largest shareholder into Tunhe. ”

"In 1997, Xin~Jiang Delong acquired three small state-owned factories under Tunhe Industry and Trade Company; In the same year, Tunhe Co., Ltd., Tunhe Industry and Trade and Tunhe Agriculture and Animal Husbandry jointly established Tunhe Group; In 1998, Xin~Xinjiang Delong controlled Tunhe Group and was the largest shareholder of Tunhe Group, directly and indirectly holding 40% of the shares of Tunhe. In May 1997, Xin~Xinjiang Delong International Industrial Corporation transferred its 600,000 shares of Xinjiang Tunhe to Xin~Xinjiang Petroleum Administration. In March 2000, Delong increased the holding ratio of Xin~Jiangtunhe, and owned nearly 28% of the equity of Xin~Jiangtunhe. ”

"In 1996, after Delong became the owner of Xin~Jiangtunhe, through technological transformation and mergers and acquisitions, Xin~Jiangtunhe soon developed into the second largest cement enterprise in Xinjiang with an annual production capacity of more than 1 million tons. In March 2000, under the mediation of Delong, Xin~Jiangtunhe sold 51% of the physical assets with an annual output of 1 million tons of cement production capacity to Tianshan Co., Ltd., a listed company, the leader of the Xin~Xinjiang cement industry, and registered and established a new "Xin~Jiangtunhe Cement Co., Ltd." After the integration, Tianshan shares can optimize the allocation of market resources, reduce production and operating costs, improve the scientific and technological content of products, enhance market sales and competitiveness, the annual output of new ~ Xinjiang Tunhe cement has accounted for 60% of the new ~ Xinjiang cement output, Tianshan has established the status of China's third and largest cement enterprises in the northwest. ”

"Because Xin~Xinjiang is one of the few regions in the world that is most suitable for growing tomatoes, tomatoes have high yields and good quality. After gaining control, under the operation of Delong Group, Tunhe, Xinjiang, which has taken off its gray cement shell, has invested hundreds of millions of yuan to concentrate on the development of the "red industry" with tomato, safflower, carrot, wolfberry and other characteristic fruit and vegetable resources processing as the core. At present, it has formed an annual production capacity of 240,000 tons of tomato paste, 10,000 tons of tomato powder and 10 tons of lycopene, ranking first in Asia and second in the world, and the products are mainly exported to Europe, America, Russia, South Korea, Japan and Southeast Asia and other countries and regions. And through the acquisition of the American ketchup seller 'Xinrui Company' and Italy's 'Gandolfo Company Sales Company', which has more than 20 years of experience in ketchup business, it has successfully entered the international market, and currently accounts for 75% of the national market share and 17% of the world's tomato sauce. ”

In addition to tomato paste, Tunhe Group is also one of the world's largest apricot jam production enterprises, in Ka ~ Shi, He~tian, Aksu and other places with 5 apricot paste processing plants and 200,000 acres of orchards, with an annual processing capacity of 100,000 tons of fresh apricots, 18,000 tons of apricot pulp processing capacity, Tunhe apricot jam, dried apricots, almonds, canned food exported to Europe and the United States, Japan and South Korea and Central and Western Asia, Russia and Arab countries, accounting for 40% of the international apricot pulp market trade, is a world-renowned apricot pulp product supplier. ”

Tunhe Group is also the country's largest sugar beet planting and sugar production enterprise, with 450,000 acres of sugar beet production area in Yanqi Basin and Yili region, 9 sugar factories in the Western Regions and Jin Province, and a daily sugar processing capacity of 25,000 tons, an annual output of 470,000 tons of sugar, 183,000 tons of granular meal, and 42,000 tons of edible alcohol. Sugar production accounts for 80% of Xinjiang's total output and 36% of the country's beet sugar production. ”

"Tunhe brand tomato products, Tunhe brand apricot jam, Tunhe brand and Sifang brand sugar, Tunhe brand safflower, jujube, wolfberry, and Tunhe's subsidiary Tianyi Fruit Industry's Yuehuo juice are all brands with a high market share in the Chinese food market!"

"However, because of the poor management of Delong Group, excessive extraction of Tunhe Group's profits for financial investment, illegal guarantees, resulting in untimely update of enterprise equipment, low efficiency, bloated personnel structure, floating people, and rampant corruption, so that Tunhe Group has 6.34 billion assets, 2.17 billion Huaxia yuan in 2003 main revenue, but only 120 million net profit, main business growth rate of 11.58%, down more than 30% year-on-year, net profit growth rate of 5.49%, down 15% year-on-year and incurred a debt of 3.28 billion Huaxia coins!"

After Wang Jue finished speaking, Guo Shouyun flipped through the information in his hand. Turned his head to look at Wang Pengju.

"Lao Wang, the main industry of Tunhe Group, although there are loopholes in the management structure, the degree of debt is also high. But the assets are very high-quality, and it will be merged into your Jianlibao Group in the future. ”

"Yes... Is Tunhe an independent subsidiary of Jianlibao Group, or is it dismantled and reorganized?"

"Reorganization! The current business of Jianlibao is managed under a beverage affairs department, the ketchup, apricot jam, sugar, and fruits in Tunhe are classified into the food affairs department, and the farms and orchards are classified into the agricultural affairs department. Focusing on the personnel of Jianlibao, the management structure of Tunhe Group was rectified, personnel were streamlined, the quality supervision system was strengthened, the reward and punishment system was adopted, and the corporate culture of Tunhe was reshaped. I'll give you a year, and in a year I'm going to see a brand new Jianlibao Group. ”

"Understood!" Wang Pengju nodded seriously, "Boss, the 'shell' of Tunhe shares...?"

Guo Shouyun understood what he meant. Tunhe shares are listed companies, especially in the existing financial system in China, this 'shell resource' is particularly precious.

"Jianlibao does not need to be listed yet, so let's keep this shell resource first. ”

Guo Shouyun did not plan to let Jianlibao be listed in the United States, the domestic 'bookmaker' is rampant, the stock market is completely equivalent to a casino, and he is not ready to turn the company he has worked so hard to build into the plaything of those gamblers. Hong Kong now seems to be the most suitable, but after taking the loss-making Tunhe, Guo Shouyun does not plan to go public until it is completely integrated.

Although Wang Pengju was a little disappointed in his decision, he didn't say much.

"Boss, I see that Tunhe Group also has a polyester business and a three-dimensional flax company, are these also merged into Jianlibao Group?"

Jianlibao's future main business is beverage, food and related agriculture and animal husbandry. Among all the businesses under Tunhe, all the businesses that do not fall into this category are sold. ”

Speaking of this, Guo Shouyun sighed in his heart. Originally, Tunhe held a 51% controlling stake in Huiyuan Juice, but in June 2003, it was bought back by Zhu Lixin, the founder of Huiyuan Juice, for 250 million Chinese dollars.

If Huiyuan's equity is still in the hands of Tunhe, with this brand, Jianlibao will immediately become the first in the domestic juice industry.

After answering, Wang Pengju sat down.

"Go ahead!"

Wu Xiaojing nodded, this time she replaced Wang Jue.

"The predecessor of Alloy Co., Ltd. is China's largest nickel alloy material manufacturer, which was established in 1956 as Shen~Yang Alloy Factory; In 1990, it was restructured into Alloy Co., Ltd.; In 1996, it was listed on the Shenzhen Stock Exchange, and in 1997, Shen ~ Yang Asset Management Co., Ltd. signed an agreement with Xin~Jiangdelong International Industrial Corporation to transfer 15 million state-owned shares of alloy shares (accounting for 29.02% of the total share capital) to Xin~Jiangdelong International Industrial Corporation at a price of RMB 3.11 per share, and the nature of equity is corporate shares. New ~ Xinjiang Delong became the owner of Shenyang Alloy and became its largest shareholder. ”

At that time, the total assets of alloy shares were 130 million yuan, the net assets were 70 million yuan, and the share capital was more than 50 million yuan. The main product is nickel alloy, with a market share of 80%, and the business is relatively stable, with a sales revenue of more than 40 million yuan and a profit of 6 million to 8 million yuan. However, the nickel alloy market is too small, and the total demand of the country is only more than 100 million yuan per year. Alloy shares are destined to be a small enterprise. After Delong became the owner, he focused on the downstream products of alloy materials - power tools. In 1998, Alloy Co., Ltd. invested 90 million yuan to acquire 75% of the equity of Modu Xingtehao Enterprise Co., Ltd. and entered the power tool production industry. ”

Subsequently, it successively acquired or built a number of power tool manufacturing enterprises such as Suzhou ~ Zhou Taihu Power Tools Group Co., Ltd., Su ~ Zhou Black Cat Group Co., Ltd., Modu Meihao Electric Appliance Co., Ltd., Shaanxi Xingbao Electromechanical Co., Ltd., etc., making Alloy Co., Ltd. the largest manufacturer and exporter of power tools and garden machinery in China. And with the United States Maorui company to form a strategic alliance, with the help of its sales network to enter the world market. ”

In addition to the expansion in the power tools and garden machinery industry, under the operation of Delong, in 1997, Alloy Co., Ltd. and Jingcheng Space Shuttle Entertainment Equipment Co., Ltd. jointly established Jingcheng Tai Alloy Dynamic Film Complete Equipment Development Co., Ltd., accounting for 80% of the shares, to develop space shuttles. ”

In 2000, Alloy Co., Ltd. invested 200 million Chinese dollars to acquire Jinling Second Machine Tool Factory and entered the machine tool manufacturing industry. In 2003, it invested 60 million yuan to establish a joint venture with Shancheng Machine Tool Factory and held 80% of the shares. ”

In June 2003, Delong acquired the R&D department and the 728 passenger aircraft project of Fairchild Dornier, one of the world's three largest regional aircraft manufacturers. ”

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