Dong Shutong's entrepreneurial course

Dong Shutong, a farmer from 65438 to 0974, was specially recruited as an electrician by a company. Once, the company sent him to Kaifeng to buy materials, and as a result, he accidentally lost 200 yuan public funds. Thinking that the usual expenses at home depend on his salary of more than 30 yuan per month, when will this "hole" of public funds be filled? So Dong Yi gritted his teeth, resigned from the factory and went home alone. At the beginning of the reform and opening-up, he worked as a cable puller, gloves, detergent, car fire extinguisher and so on. He became rich in Aauto Quicker and became one of the first rich experts. Later, the village will build an energy-saving refractory factory. He was an early "able man" and was elected as the factory director.

During my work in Zhengzhou No.2 Building Materials Factory 1980, I independently completed nearly 40 technical innovations, including major technical innovation 1, which significantly improved the production efficiency at that time, reduced the production line workers by 60%, improved the product quality, improved the first-class qualified rate by 8%, and won a special prize (including 150 yuan cash prize). From 65438 to 0984, Dong Shutong contracted gongyi city Energy Saving Refractory Factory. From 65438 to 0993, Dong Shutong indirectly invested in Yongtong Special Steel through the refractory factory. In the same period of working in the energy-saving factory, he won the first, second and third prizes of scientific and technological progress of the Ministry, province and city, and was commended by the relevant departments of the Ministry of Metallurgy for his effective management. 1September, 1986, the front page of metallurgy reported Dong Shutong's deeds with the title of smashing bowls.

Since its establishment, Yongtong Special Steel is the first enterprise in China to realize full continuous casting of high-quality alloy steel billets (bearing steel and spring steel), which has opened up a new road for the production of special steel in China, and is listed as a high-tech industrialization project in Henan Province, which is a typical example of transforming traditional industries with high-tech and high-growth in Henan Province. Pay attention to the development, application and promotion of independent intellectual property rights of enterprises, and have applied for two patents and obtained three proprietary technologies.

Through a series of equity transfer, in early 2004, Dong Shutong and his wife Sun Qiaodian owned 95% and 5% equity of Yongtong Special Steel respectively. Among them, the details of equity transfer can be described as dazzling, and similar capital operation means can be fully exerted in the listing process of Yongtong Special Steel. Previously, Yongtong Special Steel mainly produced bearing steel and spring steel. In the first half of 2007, the company introduced stainless steel substrate, which greatly improved the company's performance. According to Wang Yaojiang, director of Nishimura Economic Development Office, the sales revenue of Yongtong Special Steel in the first half of the year was 654.38+0.4 billion yuan, while in 2006 it was only 654.38+0.3 billion yuan, mainly due to new projects.

On May 19, 2005, China Special Steel (later renamed China Nickel Resources), a stock of Yongtong Special Steel, was officially listed and issued on the Hong Kong Stock Exchange. This is the fourth mainland iron and steel enterprise listed in Hong Kong after Masteel, Chongqing Iron and Steel Company and Angang New Rolling Company. From June to 10, 2007, Dong Shutong registered and established Yong 'an Special Steel in Luoyang, making the total iron ore smelting capacity of the Group reach 654.38 million tons/year. In May, it spent HK$ 2.73 billion to acquire the entire equity of Indonesia Nanyang Mining Resources Co., Ltd., and obtained the exclusive right to purchase iron-nickel ore with a total iron ore reserve of over 654.38+500 million tons in 14.