Xu Ming, Shide Group
Birthplace: Zhuanghe, Liaoning
Education: Master (Shenyang Hangkong University, major in international trade)
Main company: Shide Group (www.shide.com)
Company headquarters: Dalian, Liaoning
Listing status: Shanghai-600146 Ningxia Dayuan (December 2000), Shanghai-600480 Lingyun Shares (July 2003)
Main industries: plastic building materials, football and finance
Wealth: 2.6 billion yuan
The current main business of Shide Group is still It is a plastic building material, but it is better known for its Class A championship team. This year is another year of brilliant results for Shide: the production and sales of plastic building materials are still very strong, and this industry is usually the exclusive preserve of state-owned enterprises due to its huge demand for funds. Shide has invested a lot of energy in developing its football industry and entering the financial industry. It now controls a local commercial bank and has invested in two insurance companies, a fund company and some small listed companies. Shide Group's sales last year were 4.8 billion yuan (2001: 3.8 billion yuan), taxes were 220 million yuan (2001: 210 million yuan), the number of employees was 5,800, and its annual production capacity of plastic building materials reached 500,000 tons. Xu Ming's first pot of gold, 30 million, was earned in the construction industry in his 20s. He had previously been engaged in export trade to Japan. In 1994, Xu Ming started operating plastic building materials. At that time, the new government was vigorously supporting real estate development. Shide grew rapidly after that, and also merged with a bus manufacturer and a water heater manufacturer. Xu Ming is one of the youngest entrepreneurs on our list.