Who's Jiang Xipei?

Jiang Xipei Gender: Male Nationality: China Date of birth:1April, 963 Education: Master's degree: Graduate school: Industry: Manufacturing party member, senior economist, chairman, president and secretary of the Party Committee of Jiangsu Far East Group Co., Ltd., and representative of the 16th CPC National Congress. After graduating from high school, he became a watchmaker and ran an instrument factory. 1February 1990, 27-year-old Jiang Xipei raised180,000 yuan (accounting for 80% of the total investment) and led 28 young friends to set up Fandao Electrical Plastic Factory (predecessor of Far East Group). After 12 years of development, Far East Group has become a large-scale joint-stock enterprise with assets of1200 million yuan and annual sales of 2.5 billion yuan, involving wires and cables, new materials, medicine, investment, securities, management consulting and other fields. The core enterprise is Wuxi Far East Cable Factory. 1992, the Far East assessed the situation and resolutely transformed private enterprises into township-run collective enterprises, which won an extremely valuable development environment for enterprises at that time. From 65438 to 0995, the Far East transformed the enterprise into a joint-stock cooperative system in time, so that the enterprise survived. 1997, in order to solve the bottleneck of enterprise funds and realize market expansion, the Far East and China Huaneng Group and other four major state-owned enterprises jointly established a mixed ownership enterprise, named win-win model. 200 1, the Far East implemented the fourth restructuring, completely transforming the company into a standardized private joint-stock enterprise group, and institutionally ensuring the establishment and perfection of the modern enterprise system. He has successively won the honorary titles of national model worker, national advanced individual in professional ethics construction, top ten cross-century outstanding scientific and technological talents of the Ministry of Science and Technology, top ten news figures of Chinese township enterprises, top ten outstanding young people in Jiangsu Province, and outstanding party member. Many successful entrepreneurs have similar experiences. Jiang Xipei, the 42-year-old president of Jiangsu Far East Group, started his business after failing the college entrance examination. In the early 1980s, Jiang Xipei failed in the college entrance examination in Sun Shan, and his parents wanted him to repeat and continue the college entrance examination. The impact of the economic tide and the young people's desire for wealth have made Jiang Xipei, who has been competitive since childhood, enter the society early. He followed his second brother to Hangzhou to learn to repair clocks and watches, and his biggest goal was to earn 50 thousand yuan. Jiang Xipei, the son of a farmer, naturally has a deep peasant complex. One evening in early autumn this year, in the office building of Far East Group in Yixing City, Jiangsu Province, Jiang Xipei said with a smile: "I was thinking about this 50,000 yuan: I went home to build two houses, and the rest was deposited in the bank on a regular basis. I earn interest every year, and my annual expenses are similar. There is no need to work harder. " Jiang Xipei made his first pot of gold by repairing clocks and watches. However, when he earned 50,000 yuan in less than a year and successfully achieved the "biggest goal" he set, his self-confidence and entrepreneurial "ambition" were suddenly aroused. From 65438 to 0986, Jiang Xipei started to be his own boss. He chose the familiar watch industry and founded an instrument factory to produce spare parts for large watch factories. Years of work experience did not provide more reference for him to run a business. A year later, due to poor management, the enterprise lost 1 more than 10,000 yuan, and Jiang Xipei's first venture failed. 1 10,000 yuan was an astronomical figure that ordinary people dared not imagine at that time. Just when he encountered the first big setback in starting a business, someone gave him a gift. His eldest brother, who works in a cable factory, provided him with an important message: the demand for wires and cables in Shanghai and Jiangsu is huge, and the sales price is increasing day by day. Jiang Xipei, who was in debt of more than 300,000 yuan due to bankruptcy, quickly borrowed 65,438+10,000 yuan from his friends to open a distribution department in Yixing, and began his "love affair" with wires and cables. 1990 is of special significance to Jiang Xipei. After accumulating three years' experience in selling wires and cables, Fandao Electrical and Plastic Factory, a family-owned workshop enterprise with a registered capital of 6.5438+0.8 million yuan, was established. He will switch from selling cables to manufacturing them. "Fandao Electrical Plastic Factory" is the predecessor of Far East Group. This small workshop, which mainly produces lighting wires, achieved a sales income of 4.62 million yuan in the first year and exceeded180,000 yuan in the second year, 1992. The sales of this factory reached an astonishing 50 million yuan. The scale of a medium-sized enterprise is gradually emerging. Four major reforms have taken four major steps, and Jiang Xipei is planning greater and faster development day and night. The four major reforms are the crowning touch of his different development periods. The Far East Group founded by Jiang Xipei is a real private enterprise, taking the road of adapting to the law of market development. Enterprises developed rapidly, but under the circumstances at that time, private enterprises had great limitations in loan, marketing, especially the employment mechanism. At the beginning of 1992, Jiang Xipei accepted the advice of the local township party committee, decisively transformed itself into a township enterprise, and took the initiative to put on the "red hat". From private to collective, the Far East has won a good development environment and cleared the way for talent introduction. 65438-0995 Far East Group began to explore new ways of capital operation in view of the shortcomings of unclear property rights and unclear responsibilities in the operation of township-run collective enterprises. Jiang Xipei is determined to carry out the shareholding system reform. The company adopted a combination of fixed subscription and voluntary subscription, and successfully raised internal employee shares13.5 million yuan and collective shares100000 yuan in 1995. 1996 increased the stock of internal employees to 45 million yuan, thus tying each employee with "understanding of objectives, responsibilities, risks and benefits" in the same enterprise. If the first reorganization solved the external environmental problems of great development, then this reorganization is to stimulate the internal vitality of the development of the Far East. Two successful reforms have brought economic strength enhancement and production equipment renewal to the Far East. However, with the expansion of production capacity, the problem of market and capital has become a "bottleneck" restricting the development of the Far East. The only way to change this situation is still to persist in reform, establish a new market mechanism and take the road of economies of scale. From 65438 to 0996, Jiang Xipei went to Beijing nine times to look for the partners of key enterprises in the national power system. After many field visits and audit evaluations,1In April 1997, four state-owned enterprises, including China Huaneng Group Corporation, formally signed a contract with Far East Group in Beijing to establish Jiangsu New Far East Cable Co., Ltd. In this cooperation, Far East transferred part of the original employee shares to four state-owned enterprises, and the enterprises changed from joint-stock system to mixed economy. The marriage with the state-owned power giant has made the Far East stand on the shoulders of giants, thus developing on a higher platform. The operation of the mixed economic model has created a broad market space for the development of the Far East. However, with the constant change of macroeconomic situation and the reorganization of internal management elements of enterprises, all parties to the joint venture need to make new strategic plans according to the national policies and market situation. In 2002, Jiang Xipei began to buy back state-owned and collective shares, reorganized Far East Group, improved corporate governance structure, and established a new Jiangsu Far East Group Co., Ltd. After 12 years of development, Far East returned to private enterprises. After four reorganizations, Jiang Xipei found a breakthrough to stimulate the vitality of enterprises and adapted to the development law of market economy to the maximum extent. The Far East has thus embarked on the fast lane of development. The sales in 2004 was 5 billion yuan, and it is estimated that the sales in 2005 will exceed 7 billion yuan. Jiang Xipei, who earned 50,000 yuan and was ready to wash his hands of it, became a famous billionaire. There are three keys to entrepreneurial success. When asked by reporters how to start a successful business, Jiang Xipei said with a smile, the first one is the market. As an enterprise, no matter what you do, you must sell your products. Not only can you sell it, but you can't get the money back after selling it. In addition, if you get it back, you must have better benefits and not lose money. The second is technology. Is your technology the most advanced? It is very important that your products can lead and further expand the market and bring greater benefits to users. A new technology is not only good, but also low in price, and the cost performance determines the future of the product. The third is management. Since management has reached the point of refinement, management must be suitable for every enterprise. Our sales network is all over the country, and many excellent marketing management talents are outside. It is difficult to manage by one boss or several people. I gave them great strength. They are directly responsible to the boss and supervise the operation of the whole country, making the enterprise more standardized, effective and healthy. Listening to Jiang Xipei's soft Wuxi accent, the reporter suddenly lost his mind. If Jiang Xipei had been admitted to the university 25 years ago, he might have been an office cadre. Will there be a Far East today? If Jiang Xipei earned 50,000 yuan, washed his hands ashore and deposited bank interest, would there still be the Far East today? If he can't hear or is numb to the message of that telegram, will there be the Far East today? History cannot be copied. Perhaps the most important thing to learn from Jiang Xipei is the spirit of never being satisfied.