In such an era of radical change, where risks and opportunities coexist, it will not be easy for anyone to take over from the old secretary oh in-boo. Moreover, outside interest in the village has never diminished。
Especially after the death of wu in-boo, every move by the “new secretary” oh yong-eun will inevitably be scrutinized under a magnifying glass。
In fact, the “new secretary” is not new, crawling from the grass-roots level, and it is now half a year old. Faced with the controversy surrounding himself and the village of wassy, he had chosen to be low-key and pragmatic when he considered himself to be a “worker” in the village of wassy。
This can be seen in the u. K.'s thinking of the listed company's wahsei shares (000936, sz)。
“in the previous period, a number of listed companies had acquired video- and hand-to-hand internet-related businesses and had been approached with these resources. This may take place in a short time, but what will happen after three years?” “we refuse to do so, the listed company will be smoother, each year will have a bonus and long-term investors will certainly have a return. We will certainly give more support to listed companies, so let the shareholders rest assured.”
The “stabilized” wu wan is not entirely conservative, and he is fast in his identified direction. As he had planned for another strategic transformation of the village of wassy, it had already begun quietly。
On the one hand, the union closed nine relatively high-energy and inefficient enterprises; on the other hand, it is actively involved in the financial sector. In the village of wahxi today, it has obtained a pawn, a small loan licence, a bank, a voucher, a joint venture fund, an investment company, a financial leasing company, a financial holding group in washington, d. C.; and, on the other hand, the national agricultural marketing centre, the mineral resources project, the storage logistics of investments, seamen, and ocean transport are steadily functioning。
The ship is in a difficult turn, and transition is certainly not a one-off event. In particular, it would be more difficult to move away from the enormous economic benefits available to traditional industrial enterprises, such as finance, minerals, etc。
“every day, it's like a thin ice. In his interview with the daily economic news, u. K. Made several references to a “crisis consciousness” in his heart。
Or it is on this basis that the transformational configuration of u. K. Has a clear preference for industries such as tourism and agricultural trading centres, which can bring about stable and robust cash flow returns and ease off。
Fortunately, all these adjustments have begun to bear fruit. The annual wacs report for 2013 revealed that the total unaudited business income of the wacg was $26,566 million and net profit of $308 million, creating a diversified economic pattern and a stronger risk resistance。
“at present, the share of the profits contributed by traditional industrial enterprises to the village of wahxi has fallen to 37 per cent, while about 64 per cent of the profits contributed from the services sector.” wu wan said。
The convention
Transition path i
Proactive clean-up of traditional enterprises
In any case, too much reliance on traditional industries, such as steel and fibres, is unsustainable。
For example, the company's main operating income comes from textile fibres, an industry with a lower māori rate, with a primary product of 953 million yuan in cleaning fibres in the first half of the year, but a māori rate of 4. 03 per cent。
It is clear that the textile fibres business is not profitable, and the profits of the chinese shares come mainly from the storage operations run by the subsidiary jiang guangxi chemical terminal co. Ltd., and the first half of the year saw a net profit of rmb 2,083. 07 million from the construction and ancillary services of the liquid chemical docks。
The juace shares were also admitted in the 2013 annual report, and the company's main operations in fibre production were mainly related to the manufacture and sale of polyester slices and purified short fibres. In recent years, the company's fibre products have been highly competitive, with persistent low performance, difficult to raise prices effectively, and its operations have been running at a loss. To this end, the company plans to continue to expand the development of fibre-optic differentiation products, reduce the proportion of conventional products and increase the rate of differentiation and product value addition, while also seeking to explore the path of transformation and upgrading and opportunities to create new profit points。
“we must transform when things are not too bad.” “the village of wahxi at this time is human and material enough to support the need for transformation.”
It is clear to wu that the worst case is the passive brakes that follow mandatory “orders” from higher governments, so that both business and government will bear a huge toll, and the transformation of the village of wahxi will have to run ahead of policy。
“transformation is not my originality, nor has the village of wassy started to transform in the last 10 years, but has continued from the very beginning of the old secretary's entrepreneurship, from agriculture to industry, to the services of the tri-product。
In 2004, wu xin-nen began planning another strategic transformation for the village of wahxi. At that time, the village of wassy ultimately decided to phase out a group of enterprises with old equipment, high energy consumption, unupgraded equipment and no development potential. Although the other side of this decision is that the village will be under considerable economic pressure in a short time。
In 2005, when the village decided to shut down a chemical company, it was contributing more than rmb billion a year, and another plant, which sold more than rmb 500 million a year, was shut down, with its annual profits remaining at rmb tens of millions. Until 2014, the village of wahxi closed two small steel factories。
"it makes money, but it has to be turned off." the u. K. Said that he had even considered cutting off the chinese steel for one time, but ultimately decided to retain it because of factors such as the provision of employment, but that it had been accompanied by “heavy technological change” and “more than 300 million has been spent”。
In view of the real position of the village of wassien, it is clear that every decision taken by u. K. Against the wahesi enterprise must strike a certain balance between “to the best of social responsibility” and “to pursue business interests”. "for example, iron and steel mills, the goal is to keep it afloat." said wu。
Wu is not stingy about investing in traditional enterprises that can be retained. By way of example, the company has introduced 100 million tons of high-grade, pure cotton-coated automatic production lines produced by swiss and german companies. The equipment is currently the most advanced in the world and is characterized by low energy consumption, low employment and ease of operation。
The clean-up, closure and upgrading of traditional businesses have provided valuable time for the transformation of the village of wahxi, even in the face of a complex and challenging environment。
“before 2003 there has been a sharp increase in labour tensions, a growing focus on environmental issues in all sectors of society, an increasing strain on land resources, and the emergence of problems that have made it impossible for us to run a business as before.” wu yan said。
Fortunately for him, the village of washington finally took a step forward in the transition. “if not adjusted, it will only get harder.” it was thanks to early and proactive transformational decisions that the village of washington had returned to the capital needed for the transformation, and a new round of investment had begun and had begun to show results。
Between january and august, the washington group achieved $28. 9 billion in revenue from billing sales, of which industrial sales accounted for about 70%, while services contributed 60% of the profits. “this year's target is $2. 7 billion, a slight increase from last year.”。
The convention
Transition ii
A major effort to build new services
The fact that services in the village of wassy accounted for only 30 per cent of the income, but contributed 60 per cent of the profits, convinced the villagers of u. K. And wassy that the path of restructuring the economy was not wrong。
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