On January 19, Sany Heavy Industry Co.Ltd(600031) issued an announcement on the change of command, which aroused great concern in the capital market.
According to the announcement, Liang Wengen resigned from Sany Heavy Industry Co.Ltd(600031) chairman and special committee of the board of directors, elected Xiang Wenbo and Yu Hongfu as chairman and vice chairman of the company respectively, and appointed Yu Hongfu as president of the company .
Source: company announcement
According to the China Securities Journal, in response to the personnel change, Sany Heavy Industry Co.Ltd(600031) the relevant person in charge said in an interview that the change was mainly due to the consideration of the company’s strategic development and the improvement of professional managers. The official also said that at the meeting on the morning of the 19th, Liang Wengen said that he would still highly participate in and pay attention to the development of Sany Heavy Industry Co.Ltd(600031) .
the successor is one of the company’s elders
Liang Wengen, 65, is the main founder of Trinity. As early as before Sany Heavy Industry Co.Ltd(600031) listing in 2003, Liang Wengen had been the chairman of the company for a long time, and Sany Heavy Industry Co.Ltd(600031) listing is still on the front line. Sany Heavy Industry Co.Ltd(600031) said in the announcement that at present, the business of Sany system is booming. In order to seize the opportunity of industry development and reform, reduce daily work, further improve the level of corporate governance and improve the development mechanism of professional managers, Liang Wengen hopes to devote more energy to the future strategic transformation of Sany.
Xiang Wenbo, who took over the post of chairman of Sany Heavy Industry Co.Ltd(600031) , was born in in 1962 and graduated from Hunan University in 1982. Xiang Wenbo is one of the veterans of Sany department. He joined Sany department in 1991 and was successively in charge of production and marketing business. He was rated as the best CEO in China in 2010 by Forbes and the best CEO of A-share non-state-owned listed companies in 2011.
Yu Hongfu was also born in 1962. It is reported that he has more than 30 years of experience in the machinery industry and joined Sany Heavy Industry Co.Ltd(600031) in 2006.
According to the data, Liang Wengen’s annual salary in 2020 is 1060800 yuan, Xiang Wenbo’s annual salary is 964800 yuan and Yu Hongfu’s annual salary is 17336600 yuan.
Sany Heavy Industry Co.Ltd(600031) the financial report shows that in the first three quarters of 2021, the company achieved an operating revenue of 87.718 billion yuan, a year-on-year increase of 20.34%; The net profit attributable to the parent company was 12.567 billion yuan, which was basically flat. Among them, the performance in the third quarter fell year-on-year, Sany Heavy Industry Co.Ltd(600031) said that the growth rate of the company’s revenue decreased and the product structure changed mainly due to the weakening of China’s downstream demand and the high base of over compensation rebound last year; At the same time, the company continued to promote the strategy of digitization, internationalization and electrification, and increased the investment in talents and R & D.
According to the Beijing News, Liang Zaizhong, the son of Liang Wengen, resigned as a director of Sany Heavy Industry Co.Ltd(600031) in November 2021. Liang Zizhong was born in 1984. After graduating from Warwick University in the UK in 2006, he entered Sany and joined the Sany Heavy Industry Co.Ltd(600031) board of directors in 2010. Liang Zaizhong is also the chairman of Shugen Internet Technology Co., Ltd. (“Shugen Internet”), a provider of industrial Internet of things cloud platform solutions, and holds shares in the company. In March 2021, Guangzhou regulatory bureau of China Securities Regulatory Commission announced that Shugen Internet has handled the counseling filing registration with Guangdong securities regulatory bureau. Some reports speculate that Liang resigned as a director of Sany Heavy Industry Co.Ltd(600031) or related to Shugen Internet’s planning for listing.
In recent years, Sany Heavy Industry Co.Ltd(600031) has focused on the core strategy of internationalization, focused on key breakthroughs in overseas markets and promoted overseas business to a higher level. The data show that from 2011 to 2020, Sany Heavy Industry Co.Ltd(600031) excavator export has a compound annual growth rate of 30%.
In the first 11 months of 2021, Sany Heavy Industry Co.Ltd(600031) excavators sold more than 20000 units overseas, and the cumulative overseas sales exceeded 10 billion yuan. Both data set a new record in China’s construction machinery industry.
Since 2021, Sany Heavy Industry Co.Ltd(600031) excavator has firmly occupied the position of “first market share” in 15 countries and regions such as Indonesia and Thailand; Sany excavators performed equally well in European and American developed countries and regional markets, with an increase of more than 500% in the UK, Canada, Australia, New Zealand, Italy and other markets.
As of the closing on the 19th, Sany Heavy Industry Co.Ltd(600031) closed at 24.35 yuan / share, with a market value of 206.8 billion yuan.
start a business with 60000 yuan borrowed
once became the richest man in China
According to China News Agency, on September 7, 2011, Hurun Research Institute released the top 50 “Hurun 100 rich list” Liang Wengen became “China’s richest man in 2011” for the first time with a wealth of 70 billion yuan.
According to the official website of Sany group, Mr. Liang Wengen, chairman of Sany Group Co., Ltd., is the main founder of Sany group, vice chairman and executive member of the 12th all China Federation of industry and commerce. It has won the honors of “national labor model”, “national excellent private entrepreneur”, “excellent builder of socialism with Chinese characteristics”, CCTV “person of the year of China’s economy”, Forbes “best boss of China’s listed companies”, Forbes “pioneer of China’s new manufacturing”, etc.
According to People.Cn Co.Ltd(603000) , Liang Wengen was born in daotong village, Maotang Town, Lianyuan City, Hunan Province in 1956. Liang Wengen, formerly known as “Liang Yonggen”, is based on the clan faction “Yong”. In college, he changed “forever” to “stability”.
In primary school, Liang Wengen’s grades were not very good, and he didn’t seem to be the material for reading. But his father supported him to read Lianyuan No. 3 middle school in the county.
In 1974, Liang Wengen graduated from high school. At that time, the college entrance examination had not been resumed. He returned to daotong village and became a farmer. Because of his thin body, he can’t bear too much workload. In a month, he got about 200 work points. At that time, 10 work points were equal to 23 cents. Later, the Party branch arranged for him to go to the radio station and appoint him as a publicity officer. He also served as Deputy Secretary of the Youth League branch.
When the college entrance examination was resumed in 1978, Liang Wengen couldn’t wait to ask the village branch for approval, so he went to the county to sign up. In 1978 and 1979, Liang Wengen took the college entrance examination twice. In the second college entrance examination, Liang Wengen was admitted to the material science major of Central South University of mining and Metallurgy (now Central South University).
After graduating from University, he was assigned to Hongyuan Machinery Factory, an arsenal in the gully in the north of Lianyuan. Hongyuan factory, built in 1965, is a central subordinate enterprise.
After entering the factory for some time, Liang Wengen met Tang Xiuguo, Mao Zhongwu, Yuan Jinhua and others. These people will follow him to start a business and become the elders of Sany Heavy Industry Co.Ltd(600031) .
But not long later, in 1986, Liang Wengen and several like-minded partners resolutely left Hongyuan factory and started their own business. Through analysis, Liang Wengen hopes to create a commodity that is urgently needed and not available in the market. That year, Liang Wengen and other four people collected 60000 yuan from relatives and friends and established Lianyuan Maotang welding material factory .
In the basement, a group of young people began the real road of serving the country through industry.
Through more than 100 adjustments to the formula and dozens of changes to the process, their first product – 105 copper based solder came out. Liang Wengen sent it to a factory in Liaoning, but soon, Liang Wengen received the first batch of return – the quality of 105 copper based solder was not up to standard.
In order to ensure that the hard won entrepreneurship bears fruit, Liang Wengen returned to his alma mater and asked his mentor Professor Zhai Dengke to give on-site guidance. In September 1986, they finally dug the first pot of gold and received the first payment of 8000 yuan. Liang Wengen and others were ecstatic and tearful.
During his stay in the plant of daotong village, Liang Wengen was first regarded as the representative of scientific researchers leaving for township contracting business. The enterprise management department reported to the provincial government that he was developing copper based solder, saying that he realized a profit of 200000 yuan in the first year of his business. In 1988, Liang was elected as the “top ten peasant entrepreneurs”. As a typical figure, Liang Wengen has attracted the attention of the party and government departments.
In 1989, the small factory established by Liang Wengen and his partners realized an income of more than 10 million yuan. In the third year of entrepreneurship, Liang Wengen registered Lianyuan special welding material factory with the Department of industry and commerce.
In 1993, Liang Wengen renamed the enterprise “Sany group”, transformed Lianyuan’s material base into “Sany Material Group Co., Ltd., and moved its headquarters to Changsha, the capital of Hunan Province. With the expansion of the market, Liang Wengen began to develop construction machinery products such as concrete pump. That year, the output value of Sany exceeded 100 million yuan. This year is the foundation year of Liang Wengen’s personal entrepreneurship history and today’s Sany Heavy Industry Co.Ltd(600031) .
From 1993 to 2003, Sany developed rapidly and jumped to the forefront of China’s construction machinery industry in the past 10 years.
In 2003, Sany Heavy Industry Co.Ltd(600031) was listed on A-share market. Its products include concrete machinery, excavation machinery, hoisting machinery, piling machinery, etc. it has developed the world’s first full hydraulic grader, three graded concrete delivery pump, non foam asphalt mortar truck, the world’s largest 3600 ton crawler crane, China’s first hybrid excavator, etc.
