Editor lang Ming
Will Foxconn's "working girl" with a net worth of 80 billion take over the job of "master" Guo Taiming?
A few days ago, some media reported that Foxconn set up a special working group to prevent China Telecom from entering the iPhone OEM business in response to the impact of its precise growth and the threat to its dominant position. However, Foxconn subsequently responded, "The news is not true, no meetings or other discussions have been held, and no other special actions have been taken."
In fact, with the rapid development of Luxshare, its competition with Foxconn has indeed become increasingly prominent. In July 2020, Luxshare and the controlling shareholder jointly acquired the 0/00% equity of Wistron Zitong Investment (Jiangsu) Co., Ltd. and Weixin Zitong (Kunshan) Co., Ltd. under Wistron Zitong. You know, Kunshan Weixin is Wistron's only iPhone OEM production base in Chinese mainland. This means that Luxshare seems to expand its OEM products to the iPhone to compete with Foxconn.
It is found in the market that from the listing of 20 10 to 20 19, Luxshare's revenue increased from101100 million yuan to 62.52 billion yuan; The net profit also increased from1.1.60 billion yuan to 4.71.40 billion yuan, all of which increased several times. Behind this, there is a billionaire woman named Wang Laichun, but because of her low-key whereabouts, there are few introductions about her on the Internet.
Everyone doesn't believe that a working girl who hasn't graduated from junior high school can get rid of poverty and become rich within 30 years. People don't understand why Guo Taiming was so kind to her at that time, and even the word "mistress" came out. In the face of rumors, Wang Laichun has never clarified anything, and even who her husband is, it is difficult for the outside world to determine.
The road to counterattack of migrant girls
Foxconn, dormant for 10 years, could endure hardships, but left after being promoted to monitor.
Wang Laichun was born in a poor rural family in Chaoshan. This poor family can't even satisfy Wang Laichun's desire to go to school, so Wang Laichun dropped out of school to go to agriculture before finishing junior high school and lived a life of exile.
Without the spring breeze of reform, what kind of life would Wang Laichun live now?
1988, Wang Laichun decided to leave his hometown, hitched a ride with his dream of reform, and came to Shenzhen, which just started, to try to make a difference. At that time, Foxconn was building a factory in Shenzhen, and Wang Laichun was mistaken for the first batch of employees. Due to the difficult conditions, the closed Foxconn factory is a big steamer in summer, and falling asleep is the greatest happiness.
Even so, there are more than 100 female workers sleeping on the Datong shop, and the special electric fan can only give people some comfort. Even water cuts have become commonplace, and they have to take washbasins to the nearby villages to wash them. Sometimes it's too hot, and many women workers want to take a bath, so they can only do it in a temporary hut, go in twos and threes, and leave people outside to watch.
In addition, due to the imperfect power equipment at that time, Foxconn "looked at electricity for a long time." Everyone will get off work when there is a power failure, but once the power is supplied, they will return to the workshop to catch up with the progress at any time. Wang Laichun remembers that once, in order to get the goods out as soon as possible, Guo Taiming rushed directly to the production line to operate the machine and stayed up for three days.
"He doesn't pay attention to food and clothing, and he doesn't pursue enjoyment. His office is so shabby that even the chairs are folding chairs retired from the canteen. " Maybe he was moved by the spirit of Guo Taiming. Although countless employees couldn't bear to resign and go home, Wang Laichun chose to stick to it. Not only that, she is also afraid of being ridiculed as a "false positive" by her colleagues, and even often gets up in the middle of the night to work overtime and is seen by Guo Taiming.
Finally, Wang Laichun was promoted to the highest position of Foxconn in Chinese mainland-monitor. This means that as long as you continue to work with Guo Taiming, Wang Laichun can live a decent life with a stable income, although he can't be rich or expensive. "Unreasonable" Wang Laichun chose to leave this place where he spent ten years in youth shortly after he became the monitor.
Start a business with all your savings.
From grabbing business with Foxconn to cooperation, it won the support of Guo Taiming.
1998, Wang Laichun and his brother Wang Laisheng took out all their savings and borrowed money, and jointly acquired Li Xun Company in Hong Kong, and started an OEM business with Foxconn to produce various electronic connecting wires and connectors. But in the eyes of many people at that time, grabbing business with Foxconn was forgetful, and even the saying of "baiwenhang" came out.
In fact, the development of Wang Chunlai is inseparable from that of Guo Taiming. Starting from 200 1, Wang Chunlai began to accept international orders and entrusted domestic processing and production through Li Xun. The connectors produced are processed and assembled by Foxconn, and applied to many internationally renowned brands of 3C electronic products. Foxconn has become the largest customer in Wang Laichun.
In 2004, Wang Laichun returned to Shenzhen to establish Luxshare, and Foxconn remained its core customer, contributing more than 50% of its revenue. Even if Luxshare developed to 2007, its sales revenue to Foxconn accounted for 47.73% in the early stage of preparation for listing, and it was 56.46% and 45.38% in the next two years, which was stable at around 50%.
Not only that, Wang Laichun seems to "eat" Foxconn, closely surrounding its layout, and set up factories in Kunshan, Jiangsu and Yantai, Shandong to cooperate with production. In 2009, Guo Taiqiang, Guo Taiming's younger brother, invested 40 million yuan in Li Xun and became the third largest shareholder of the company, hence the title of "Little Foxconn".
20 10 with the listing of Luxshare on the Shenzhen stock exchange, Wang Laichun's net worth reached 2.3 billion yuan and began to enter the public eye. Shang Chao magazine once commented that "there are 100 and 200 listed companies in Shenzhen, and there are countless rich people, but the success of starting a business is extremely rare, and Wang Laichun finally filled this gap."
People were afraid of famous pigs and strong people. Some people began to pick up Wang Laichun's past, and rumors spread everywhere for a while. Some people say that Guo Taiming and Wang Laichun are "lovers", and Luxshare is Guo Taiming's waistcoat, which aims to lay out A shares. Others say that Guo Taiming and Wang Laichun are "apprenticeships", and Guo Taiming wants to foster Wang Laichun and further develop with Foxconn.
However, Wang Laichun ignored these rumors and never initiated them. She just continues to use the management model she learned at Foxconn and continue to run her own business. The outside world doesn't even know who the husband of this legendary "working girl" is. Now, with the landing of Industrial Fulian in the A-share market and the recent news that Luxshare wants to grab Foxconn's business, the above speculation seems to be self-defeating.
Brother and sister are "rich"
A capital empire that controls the market value of 100 billion yuan
The biggest advantage of listing is that you can get sufficient financial support.
Around 20 10, a hundred schools of thought contend in the smart phone industry. Wang Laichun thinks that connectors are very important accessories for mobile phones, so she strikes while the iron is hot and invests more money in research and development, specializing in the direction of connecting wires and connectors.
With the help of Guo Taiming, Luxshare successfully won the Apple order and became the only supplier of wireless chargers for Apple watches in the world, with an annual revenue of nearly 654.38+0 billion. In addition to cables and connectors, with the development and improvement of Luxshare production technology, orders for other Apple devices have been coming in, and even Airpods, Apple's masterpiece, has been received.
At the end of 20 17, Apple CEO Cook visited Wang Laichun in Luxshare, Kunshan, and bluntly said, "Their super-class factory has integrated excellent technology and meticulous thinking into the manufacturing of AirPods. Wang Laichun has established a people-oriented excellent culture, and we are very happy to cooperate with them! "
However, Wang Chunlai is still not satisfied with the status quo. She thinks that only by being prepared first can we seize the opportunity. She led Luxshare to strategic acquisitions, successively won Liantao Electronics, Cortun, Win-Win Circuit and other companies, and set foot in the fields of tablet computers, smart phones, electronic circuits, automobiles, communications and so on, so as to build an all-round manufacturing empire.
In July 2020, Luxshare and the controlling shareholder jointly acquired the 0/00% equity of Wistron Zitong Investment (Jiangsu) Co., Ltd. and Weixin Zitong (Kunshan) Co., Ltd. under Wistron Zitong. You know, Kunshan Weixin, a subsidiary of Jiangsu Wistron, is the only iPhone OEM production base of Wistron in Chinese mainland. This means that Luxshare wants to extend the OEM of products to the iPhone, which is equivalent to directly confronting Foxconn, so the scene at the beginning of the article comes out.
Choice data shows that Luxshare achieved revenue of 59.528 billion yuan in the first three quarters of last year, up 57.33% year-on-year; The net profit attributable to shareholders of listed companies was 4.68 billion yuan, a year-on-year increase of 62.06%. Wang Laichun and his brother control lux share 4 1.02% of the shares (each holding 50% of the shares) through Hongkong Li Xun Limited.
As of the close of129 October, the total market value of 10 Luxshare reached 408 billion yuan, which was13 billion yuan higher than that of Industrial Fulian. According to this calculation, Wang Laichun's brothers and sisters are worth more than 80 billion yuan, and they are truly billionaires. Guo Taiming once proudly said, "Foxconn has created many billionaires in Chinese mainland, and Wang Laichun is the most representative one."
But now, in the face of the challenge of this working girl who has "stolen" from Foxconn for ten years, whether Guo Taiming can win this "mentoring" war still needs to draw a big question mark.