1984, after doing a lot of ideological work for his family, Nan Cunhui took 50,000 yuan of mortgage loans for several old houses at home and started a small factory with his classmate Hu Chengzhong (now the chairman of Delixi Group, another well-known electrical appliance company in Wenzhou), which is the predecessor of Zheng Tai-Qiujing Kai Guanchang in Yueqing County.
Although Kai Guanchang's performance was not bad after its establishment, and he earned Nan Cunhui the first pot of gold in his life, due to different business ideas, the two founders finally parted ways, and Kai Guanchang was dissolved on 199 1. The dissolution of Refined Kai Guanchang made Nan Cunhui realize that the growth of an enterprise needs a stable and Qi Xin core management team to achieve long-term stability.
Therefore, in 199 1 year, Nan Cunhui absorbed his younger brother, brother-in-law and other family members to form a typical family business-Wenzhou Zheng Tai Electric Appliance Co., Ltd., and diluted the equity of Nan Cunhui 100% to 60% through the implementation of family capital increase and share expansion, but completed the key infrastructure for enterprise development.
From 65438 to 0993, Nan Cunhui successively merged 38 local enterprises into Zheng Tai, and established the first enterprise group in the low-voltage electrical appliance industry by transferring Zheng Tai shares, holding shares, participating in shares or investing in other related enterprises. At this time, Chint's shareholders suddenly increased to dozens, while Nan Cunhui's personal equity was diluted to about 40%, but Chint completed the merger and association of 38 similar enterprises and supporting enterprises in the form of equity.
From 65438 to 0998, Nan Cunhui began to implement the equity distribution system in Zheng Tai Electric Co., Ltd., that is, "factor shareholding": management shareholding, technical shareholding and management shareholding. Nan Cunhui sold part of his shares in Zheng Tai Electric to outstanding technicians and professional managers. After these shareholders were absorbed, the core shareholders of Zheng Tai Group expanded to 107. After the reorganization, Nan Cunhui's personal shares were reduced to 20 shares. However, through the release of equity, it helped Zheng Tai Group to introduce a large number of management talents and technical talents, and injected many fresh elements into Zheng Tai in the fierce market competition.
Since the founding of Zheng Tai, Nan Cunhui has unswervingly promoted the shareholding system and "released troops by shares". When the proportion of the equity he directly owns is getting less and less, Zheng Tai Group is getting bigger and bigger in his subtraction. By 2003, Zheng Tai Group had total assets of 3 1 100 million yuan and annual sales of 0 1 100 million yuan, accounting for 30% of the domestic low-voltage electrical appliance market. Not only has it become the most outstanding representative of the electrical appliance industry in Liushi, but it has also become the spokesperson of the low-voltage electrical appliance industry in China, ranking among the top five low-voltage electrical appliance giants in the world.
After ten years of "liberalization", Nan Cunhui's personal assets have not decreased, but have expanded hundreds of times. 20 10, Chint successfully listed. Nan Cunhui directly and indirectly holds about 26.64% of the shares of listed companies. According to the purchase price of 23.98 yuan/share, his worth exceeds 6.5 billion yuan. Not only that, as a family business, the Nan family headed by Nan Cunhui also made huge profits, and many relatives of Nan Cunhui also became billionaires.
Nan Cunhui was once known as "Wenzhou boss with the most modern entrepreneurial temperament", which not only came from his long-span role transformation from a shoemaker to "Wenzhou's biggest boss", but also came from his rare courage to continuously dilute the equity of all family enterprises.
The above is the answer given by Jingbang Consulting according to your question, hoping to help you. After consulting by Jingbang, 16 is mainly equity.