The founder of Xiangjiang Holdings Co., Ltd. is Shandong Linyi Engineering Machinery Factory. The factory was founded in 1972. It was originally named Linyi Machinery Factory and was affiliated with the Linyi Regional Industrial Bureau. In 1977, it was renamed Shandong Linyi Mining Machinery Factory and was affiliated with the Regional Heavy Industry Bureau. In 1983, it was renamed Linyi Engineering Machinery Factory and was affiliated with the Regional Machinery Bureau. bureau. The factory is a key enterprise in the country that produces large and medium-sized wheel loaders and one of the 500 largest industrial enterprises in China. Its main products include ZL40, 50, and 60 loaders, and PC100 and PC120 excavators. In 1988, the ZL40 and 50 loaders were respectively rated as Shandong Province's high-quality products and the first prize for Shandong Province's Excellent New Products; in 1989, the ZL40 and 50 loaders were respectively rated as first-class products by the Shandong Provincial Machinery Department; in 1991, the ZL40 and 50 loaders were rated as high-quality products of the Machinery Department and high-quality products of Shandong Province respectively.
The company is a joint-stock company established by Shandong Linyi Engineering Machinery Factory through targeted raising, approved by the Linyi Regional Economic System Reform Commission Linyi Reform No. 28 on March 26, 1993. . Shandong Linyi Engineering Machinery Factory converted 400.310.8509 million yuan of state-owned assets for production and operation confirmed by appraisal into 30 million state shares at a ratio of 1:1.33. At the same time, it raised social legal person shares and internal employee shares at a premium of 1.50 yuan per share***. 40 million shares. As verified by Shandong Linyi Accounting Firm, the above-mentioned equity capital has been fully paid. On January 30, 1994, the company was registered with the Linyi District Administration for Industry and Commerce. At this point, Shandong Linyi Engineering Machinery Co., Ltd. was officially established.
When the company was established, the non-operating assets and personnel of Shandong Linyi Engineering Machinery Factory were divested. (1) According to the Linyi District State-owned Assets Administration Bureau of Shandong Province’s Linyi Zizi No. 88 approval, as of November 30, 1993, the owner’s equity of Shandong Linyi Engineering Machinery Factory after evaluation and adjustment was 97237311.13 yuan; A, will operate Of the 65031085.09 yuan in state-owned assets, 40031085.09 yuan was converted into 30 million state shares at a ratio of 1:1.33. This was used as the basis for the state’s initial investment in shares and state share dividend income. The difference of 10031085.09 yuan was recorded together with the premium income from stock issuance. Contribute to the capital reserve fund. B. Non-operating state-owned assets (employee dormitories, service companies, Friendship Hotel) of 15,135,803.04 yuan and the state-owned assets (electricity rights) of Shandong Linyi Engineering Machinery Factory occupied by the Friendship Hotel of 330,000 yuan will all be divested and will not be converted into shares. C. All land use rights will be divested and no shares will be converted into shares. (2) When the company is established, based on the principle that people follow the assets, the personnel corresponding to the assets entering the joint-stock company and the managers of the main functional departments will be incorporated into the joint-stock company, and all other personnel will be divested. Some retired personnel will be included in the establishment of the company. All remain in Shandong Linyi Engineering Machinery Factory, and their wages and welfare expenses are still paid by Shandong Linyi Engineering Machinery Factory. Passed by the company's shareholders' meeting and approved by the Shandong Provincial People's Government, in February 1996, the company increased its state shares by 24.5 million shares in accordance with Linyi State-owned Assets Administration Linguo Zi Zi No. 26. At the end of April of the same year, the company implemented the 1995 annual distribution plan based on the total share capital of 70 million shares at the end of 1995, which included 1 share and 2 yuan in cash for every 10 shares. Subsequently, the company implemented the 1995 annual distribution plan in accordance with the State Council's Guofa No. 17 and the Shandong Provincial People's Government's Lu The provisions of Zhengfa Document No. 126 have been carefully regulated and confirmed and approved by Lu Zhenggu Zi Document No. 212 of the Shandong Provincial People's Government. As of this issuance, the company's equity structure has not changed: that is, the total share capital is 101.5 million shares, of which There are 57.5 million state shares, 2.2 million social legal person shares, and 41.8 million internal employee shares.
The company is one of the 500 industrial enterprises with the best economic benefits in the country, one of the 1,000 key enterprises contacted by the State Economic and Trade Commission, a management demonstration enterprise in Shandong Province, and ranks among the best in the country in the comprehensive economic efficiency index of the same industry. In 1995, in the comprehensive index ranking of the scraper construction machinery industry, the company ranked first in the same industry nationwide with a high score of 288.65 (from "China Mechanical and Electrical News" on December 6, 1996).
On November 18, 1996, in accordance with the spirit of Lu Zhengzi Document No. 76 of the Shandong Provincial People's Government, with Shandong Bulldozer General Factory as the core, it was jointly initiated and established by four companies including Shandong Linyi Engineering Machinery Factory and Tai'an Qide Machinery Factory. Shandong Engineering Machinery Group Co., Ltd. was established and registered. The company is a wholly state-owned company. Approved by Lu Zhengzi No. 220 of the Shandong Provincial People's Government, the company's 57.5 million state shares authorize the company to hold and exercise shareholder rights in accordance with relevant regulations. Since then, Shandong Engineering Machinery Group Co., Ltd. has become the company. The company's holding company.