On June 5438- 10, 2004, Xingyuan Filter, a well-known filter press enterprise in China, was on the verge of bankruptcy due to the broken capital chain. Mr. Zhou, a well-known local investor, seized the opportunity of investing in Xingyuan with the keen eye of a strategic investor for many years, and Xingyuan Filter began an important capital reorganization in the history of development.
Since Xingyuan Filter started its capital reorganization at the end of 2004, it has turned a loss-making enterprise facing bankruptcy into the first listed company in China filter press industry through resource integration and comprehensive independent innovation practice without a substantial increase in basic resource elements such as products, venues, equipment, personnel and capital. Its core competitiveness has been rapidly improved, and it has grown into a technology leader in China filter press industry, entered a benign track of rapid development, successfully realized on-the-spot transformation and upgrading, and formed in all walks of life. "Xing Yuan Phenomenon" will set an example of confidence for many small and medium-sized enterprises in China, and outline the road map of merger, reorganization, transformation and upgrading of small and medium-sized enterprises in China.
The basic path of institutional innovation of scientific and technological manufacturing enterprises contained in the phenomenon of "prospering sources";
Driven by technological innovation
Take standardization strategy as the leading factor
Expand influence with brand strategy
Ensure sales through marketing innovation
Advanced manufacturing technology support
Comprehensive protection of intellectual property strategy
Use information technology to run through the whole supply chain
Based on institutional innovation
Guided by cultural innovation
Take capital operation as a platform.
Take management innovation as a means
Take team building as the core
"Xing Yuan Phenomenon" will set an example of confidence for many small and medium-sized enterprises in China, and outline the road map of merger, reorganization, transformation and upgrading of small and medium-sized enterprises in China.