(1) Successfully implemented debt-to-equity swap.
According to Zhong Fa (1999)No. 12 Opinions on Several Issues Concerning the Implementation of Debt-to-equity swaps, 1999 It is very important to apply to Shanxi Economic and Trade Commission for the debt-to-equity swap policy in May. In June 2000, Taizhong signed a debt-to-equity swap agreement with China Huarong Asset Management Company. In July of 200 1 year, Taizhong and Huarong Company established "Taiyuan Heavy Machinery (Group) Manufacturing Co., Ltd.". Through debt-to-equity swap, the financial burden of enterprises can be reduced by nearly 20 million yuan every year.
(2) Using the funds raised by the rights issue and the national financial discount loan, the technological transformation aimed at improving the equipment level with high technology was implemented.
Over the past few years, 298 million yuan has been raised through policies such as allotment of shares by listed companies and financial discount loans, all of which have been used for product structure adjustment and technological transformation aimed at improving the equipment level with high technology. More than 40 sets of the world's most advanced CNC high-precision internal and external cylindrical grinders, high-precision CNC vertical lathes, large-scale high-precision gear grinding machines and special boring and milling machines have been purchased from developed countries such as the United States and Italy, which has brought the company's equipment level to a new level, and the value of CNC equipment has accounted for more than 65% of the company's total equipment value. After the transformation, the sales revenue of Taihe Oil Film Bearing Branch Company increased from10.96 billion yuan in 1998 to 50 million yuan in 2002, and its equipment level and product quality were among the best in the world. After the transformation, the sales revenue of the crane branch increased from 80 million yuan to 250 million yuan in 2000, and its technical level reached the advanced level of similar products in the world, with strong international competitiveness.
2. Vigorously promote technological innovation and inject vitality into the rapid development of enterprises.
(1) Vigorously develop the project of attracting talents and borrowing brains.
Over the past few years, on the basis of giving full play to the enthusiasm of technicians, Taizhong Technology Center has set up joint product research rooms with well-known domestic universities such as Tsinghua University, Shanghai Jiaotong University, Northeastern University and Taiyuan University of Science and Technology (formerly Taiyuan Institute of Heavy Machinery) to share scientific research results. Jointly bid with foreign companies such as Hitachi, Swiss A. Reitz, Spanish D.F. and German k.fn to * * * open up international and domestic markets; Experts from Germany and Austria were hired as product manufacturing supervisors and manufactured according to international standards. We hired a German retired engineer as the chief designer and directly used foreign technology to improve our product level. Through these measures, the research and development ability and level of the technology center have been greatly improved.
At the beginning of 2002, Taizhong Technology Center was recognized as a national enterprise technology center by the State Economic and Trade Commission, Ministry of Finance, State Taxation Administration of The People's Republic of China and Customs. The Ministry of Personnel and the National Postdoctoral Management Committee approved the establishment of a postdoctoral research center. China National Intellectual Property Administration and the State Economic and Trade Commission approved it as a national enterprise patent pilot demonstration enterprise.
(2) Using high and new technology, the technological innovation ability of enterprises has been improved in an all-round way.
In recent years, firstly, we invested 3.38 million yuan to improve the design equipment level, realizing that designers have a computer in their hands, ending the history of graphic design and greatly improving the work efficiency and quality; Modern information technologies such as cad, cae, cam, capp and pdm are widely used, and three-dimensional dynamic optimization design is adopted to realize "error-free design" of products. Second, the application of international advanced electronic control, braking and other technologies to continuously improve the technical level of products. Among the leading products, the high-tech value has increased from 5- 15% in the late 1980s to 30-40%, effectively ensuring the product quality. Third, the establishment of international websites and internal local area networks has realized the sharing of information resources and laid a good foundation for the comprehensive realization of modern information management. More than 3 million yuan was raised for the implementation of company-wide information management networking and local erp practice.
(3) Vigorously research and develop new products, extend the product field of enterprises, and further shape the brand with too heavy market.
Since 1999, we have put forward the strategy of implementing four major product platforms: implementing the boutique strategy for traditional products such as cranes, excavators and steel rolling forging equipment; Implement large-scale strategy for railway products such as wheels and axles; Implementing green product strategy for coal deep processing products; Implement a high starting point and high efficiency strategy for high-tech projects. Over the past few years, Taizhong has always adhered to, carried out and implemented this strategic thinking. While doing a good job of existing products, we constantly improve the technical level and product grade, and independently developed a number of new products with international advanced level, such as the world's largest 1200 ton bridge crane and φ2000mm dragon piercer. The largest rotating stage in Asia, the "Window of the World" and the spiral welded pipe mill with a diameter of 0.5m-2.5m have been built. A series of interconnected clean coke oven machinery and equipment, complete sets of dry coal preparation equipment, complete sets of inferior pulverized coal gasification equipment and complete sets of dry quenching equipment jointly developed with Tsinghua University, China University of Mining and Technology and Anshan Jiaonai Institute are internationally advanced, meet environmental protection requirements and have strategic driving potential.
3. Standardize the corporate governance structure and realize the organic unity of decision-making and supervision.
1994, too heavy was included in 100 China modern enterprise system pilot enterprise, 1997 was restructured into a wholly state-owned company. At the same time, a board of directors, a board of supervisors and a manager were established in accordance with the Company Law. Since 1999, Taizhong has established a standardized corporate governance structure in strict accordance with the requirements of the modern enterprise system, and defined the functions and rules of procedure of the board of directors, the management team, the party Committee and the workers' congress.
Over the past few years, Taizhong has always adhered to the system of scientific decision-making, guarantee and supervision, such as the board of directors, the party committee, the joint meeting of the party and government, the general manager's office meeting and the workers' congress. All major issues related to enterprise development are fully demonstrated by the general manager's office meeting, and the joint meeting of the party and government, the collective research and decision of the board of directors, the participation of the party Committee and the supervision of the workers' congress; All production and business activities are directly decided by the management team and operated independently; Distribution system reform, measures to reduce staff and increase efficiency, housing reform, medical reform and all other matters related to the vital interests of employees. , should be studied by the joint meeting of the party and government, and discussed and approved by the workers' congress (or group leader meeting); Personnel appointment and dismissal, salary distribution and other sensitive issues. Should be publicized in advance, decided by the joint meeting of the party and government, and voted by the workers' congress (or group leader meeting). Through these methods, the standardization, democratization and scientificity of major decisions have been realized, and the smooth implementation of various reform and development measures of enterprises has been ensured.
4. Taking three institutional reforms as a breakthrough, the factors hindering the development of productive forces were eliminated from the system and mechanism.
The reason why the operation was difficult in previous years was mainly due to the lag in the ideological concept, reform and management of enterprise employees. To this end, we take the "three systems" reform as a breakthrough, comprehensively promote various reforms in enterprises and improve the management level of enterprises.
Taking the income distribution of marketers as a breakthrough, we will comprehensively implement the reform of the distribution system. At the beginning of 1999, in view of the severe ordering situation, we formulated the "Measures for the Distribution of Marketing Amount" in time. The implementation of this policy has greatly mobilized the enthusiasm of distribution personnel, and the product order volume has increased rapidly. On this basis, the reform of distribution system has been carried out in an all-round way, and technical personnel have implemented performance-based pay system; Fully implement piecework and joint production wage system among front-line production workers; The manager implements the post salary system. Through the reform of the distribution system, the actual income of overweight employees is completely separated from the file salary, and the distribution is carried out according to the contribution, which greatly mobilized the enthusiasm of employees and initially established the distribution model with overweight characteristics.