In 200 1 year, Dr. Shi, who was studying in Australia, returned to China with 14 solar technology invention patent and $250,000, and founded Suntech Company. In 2002, the company's first 10 MW production line was officially put into production, and its production capacity was equivalent to the sum of the national solar cell output in the previous four years, which shortened the gap between China and the international photovoltaic industry 15 years.
Since then, Suntech has successively expanded solar cell production lines of 15mw, 30 MW and 60 MW. By the end of 2004, the production capacity of enterprises has jumped to the tenth place in the world, with sales reaching 800 million yuan. Suntech has increasingly become a well-known brand in the international photovoltaic industry, and Suntech has become a world-renowned industry star, all of which are inseparable from the continuous technological innovation of enterprises.
High-tech enterprises generally emphasize the introduction of complete sets of advanced equipment from abroad, but Suntech does not. Through technical evaluation and selection, except for the introduction of core equipment, most of them use domestic equipment and foreign second-hand equipment for independent optimization, forming a unique world-class production line, which not only adapts to various complex technological requirements, but also greatly reduces the cost.
The monopoly position of the industry is the dream of any enterprise, but Suntech does the opposite. Since the company was put into production, it has held technical exchange meetings every year, inviting all domestic upstream and downstream enterprises to exchange, which has promoted the overall improvement of the industry technology, won the trust of customers in the exchange, and led a number of enterprises to join the photovoltaic industry and seek greater development in expanding the scale of the whole industry.
In order to keep pace with the world's advanced technologies and products, Suntech established an investment mechanism for scientific research and development as soon as it was established, and clearly invested 5% of its annual sales revenue in scientific research and development, so that its technology has always been in the leading position in the world.
Suntech's entrepreneurial development history shows that science and technology are the primary productivity and the primary competitiveness. Suntech adheres to the tenet of "advocating science and technology and winning by virtue". In the fierce market competition, we should persist in scientific and technological innovation, strive to turn scientific and technological achievements into products, turn "laboratories" into "production lines", lead scientific and technological innovation with maximum benefits, and realize leap-forward development.
The innovative management model has developed steadily.
Scientific and technological innovation is the source of Suntech's continuous development and growth. At the same time, Suntech has also continuously innovated its management mode to achieve stable development. With innovative and pragmatic spirit, strong sense of opportunity, unique insights and agile actions, Shi, the chairman of Suntech Company, expanded the production capacity of the enterprise four times in a row in two years, and quickly laid the market foundation with specialization and scale.
Suntech chose to use international standards to build enterprises at the beginning of its establishment. In the first year after the enterprise was put into production, Suntech did not rush to open up the market, but spent a lot of energy to apply for international technical certification, and successively obtained the international certification of almost all solar energy industries, such as +0, TU, CE, IEC, which cleared the way for opening up the international market. At present, the export share of Suntech products accounts for 80% of the total output of enterprises.
With the rapid expansion of production capacity, Suntech began to implement the development strategy of international multinational companies, positioning its development as a global high-tech company, and accelerating the pace of overseas listing while continuing to expand the international market.
In the first half of 2005, Suntech introduced an international venture capital fund of US$ 80 million and completed the enterprise reorganization. The successful overseas listing in the second half of the year marks that Suntech has shifted from focusing on production and operation to paying equal attention to production and operation and entered a new stage of modern enterprise development.
From June, 5438 to February, 2005, Suntech landed on NYSE, becoming China's largest private enterprise in the American market. June 65438+1October 65438+March 2006, Suntech's share price closed at $34.02, and the market value of Chairman and CEO Shi's stock was $23130,000.
At present, Suntech has initially established an international management team, found an experienced and professional chief financial officer through a headhunting company, hired a German marketing expert as the company's operation director, and hired the director of the Photovoltaic Research Center of the University of New South Wales as the company's technical officer, thus bringing business operation management into a standardized track and achieving stable development.
Harmonious development of innovative talent strategy
Man is the most fundamental factor of productivity. Suntech attached great importance to attracting and cultivating talents from the very beginning, and realized product innovation and market innovation with the innovation of talent strategy, thus realizing the harmonious development of enterprises.
Advanced technology is the core competitiveness of Suntech, and the leader Shi is not only the founder of the enterprise, but also the builder and leader of the enterprise technology platform, and the first talent of Suntech. He personally holds 14 international solar energy invention patents and becomes a first-class expert in the field of international solar cells. It is with these independent intellectual property rights that Suntech stood on the same starting line with international enterprises in technology at the beginning of its establishment and mastered the sharp weapon of market competition from the beginning.
Suntech knows the development trend of photovoltaic industry in the world and the important role of talents in scientific research. Less than three years after the enterprise was put into production, Suntech initially established a world-class photovoltaic technology research and development center, implemented a new mechanism of technology shareholding, and operated in accordance with international practice, attracting top experts from global solar industries to come here for scientific research in various forms.
At present, Suntech Photovoltaic Energy Engineering Technology Center has gathered 26 domestic and foreign solar technology experts, 7 of whom are first-class scientists at home and abroad. In order to stimulate the innovation enthusiasm of front-line employees, the company specially set up the "Golden Idea" award, and each suggestion was awarded 100 yuan. If it is adopted and produces benefits, the commission is 65,438+00% of the benefits. In 2005, the employees of the company put forward more than 200 "golden ideas", which generated economic benefits of nearly 20 million yuan.
At the same time, Suntech also established Suntech Business School of Nanjing University and Suntech College of Jiangnan University in cooperation with universities, which provided a continuous supply of talents for enterprises and sustainable development.
Talent produces benefits. By the end of 2007, Suntech has formed a production capacity of 540 MW, with a total power generation of 364 MW and sales revenue exceeding 1000 billion RMB. The company's market value exceeded10 billion USD, ranking among the top three in the global photovoltaic industry, realizing the company's stable development.
Suntech is a miracle created by scientific and technological innovation, a miracle created by the capital market and a miracle created by returnees. It subverts the traditional enterprise development model and forms a "Suntech phenomenon" with the characteristics of the times, which is worth pondering.