At that time, Xu Dong's turnover was very high. Although this is a private enterprise, it serves the country wholeheartedly. A flag-raising ceremony is held at the headquarters every Monday to sing the national anthem. Xu Dong Optoelectronic independently researched and developed LCD glass substrates, with a complete set of independent intellectual property rights, which broke foreign monopoly and made LCD TVs a cheap commodity.
However, with the expansion of Xu Dong's layout, some so-called professional managers advised Li Zhaoting to lay out real estate and tasted the sweetness at the end of the tuyere. However, the national policy on real estate has been tightening. The leverage ratio of Xu Dong in real estate is too high and the capital chain is tight, which leads to the failure to fulfill some framework agreements on cooperative investment parks signed with the government, and the reputation has declined.
Xu Dong Jiuding started a batch of private equity funds to invest in real estate. He wanted to make a fortune, but the money was confiscated and the boss became a broken promise.
Brief introduction of Xu Dong
Dongsu Group, founded in 1997, is a large high-tech company headquartered in Beijing. Xu Dong Group takes the revitalization of national industries as its own responsibility, and is determined to become a respected pioneer of China's real industries.
After 24 years' efforts, we have continuously improved our independent innovation capability, seized the commanding heights of the industry, and developed into a large enterprise group integrating photoelectric display new materials, high-end equipment manufacturing, new energy, ecological environment protection, new energy vehicles, graphene industrial applications and other industries.
The company owns three listed companies: Xu Dong Optoelectronics (0004 13), Xu Dong Lantian (00040) and Jialinjie (002486), with more than 400 wholly-owned and holding companies, covering more than 20 provinces, municipalities and autonomous regions such as Beijing, Shanghai, Guangdong and Tibet.
Under the guidance of the concept of "industry serving the country", Xu Dong Group started from equipment manufacturing, and through continuous strategic upgrading and industrial expansion, it has built a number of industrial sectors such as photoelectric display materials, high-end equipment manufacturing, graphene industrial application, new energy and environmental protection, industrial parks and ecological health. By the end of 20 18, the total assets of the group exceeded 200 billion yuan. Employees 1.6 million.
Xu Dong Group continues to adhere to the corporate philosophy of "gratitude and dedication", persist in independent innovation, enlarge and strengthen advantageous industries, upgrade China's national industries, and build a domestic first-class and internationally renowned high-tech large-scale industrial group.