Recently I watched the documentary "Survival in a Desperate Situation" broadcast by CCTV Documentary Channel. The documentary tells the story of the restructuring of cnyroteroplast (ticker symbol 002145). My evaluation of this documentary is shocking and moving! I praise Li Jianfeng, a private entrepreneur who finally acquired CNNC titanium dioxide! I applaud Professor Xu Meizheng, who is the financial advisor for the restructuring of CNNC Titanium Dioxide!
CNNC Titanium Dioxide was originally a listed company controlled by CNNC 404 Factory, which was built on the Gobi Desert in Gansu Province. The 404 factory is known as the "nuclear city", and the technical personnel of the 404 factory are "returnees", or peking university Tsinghua graduates, and workers with senior technician titles can enter the "nuclear city". The current employees of China Nuclear Titanium Dioxide are all "nuclear second generation".
After cnylon titanium dioxide was listed on the small and medium-sized board in 2007, the state-owned system could not adapt to the market competition environment. "Desperate Survival" said: "Nuclear City" killing a pig must be approved. In the second year of listing, in 2008, there was a huge loss in China Nuclear Titanium Dioxide, and since then, China Nuclear Titanium Dioxide has suffered losses for consecutive years. China Cinda, the largest creditor of CNNC Titanium DI, began restructuring CNNC Titanium DIOXIDE. China Cinda visited 54 private enterprises mainly engaged in titanium dioxide, but none of them were willing to take over nuclear titanium dioxide. Finally, China Credit found Li Jianfeng, the head of the family business after 70. Under the strong opposition of his family, Li Jianfeng insisted on acquiring CNNC titanium dioxide, for which he almost paid the price of his life.
After The M&A and restructuring expert Professor Xu Meizheng investigated cnncy titanium dioxide on the spot, she resolutely opposed the "shell buying" plan, that is, abandoning the original employees or business after the reorganization. Xu Meizheng said: "They are all the second generation of nuclear weapons, and their predecessors have dedicated their lives to China's nuclear industry. They work and live in the Gobi Desert, and if they lose their jobs and they can't find other jobs in the "nuclear city", how can we be worthy of their fathers and elders!
The reorganization of the nuclear titanium dioxide is difficult. With the joint efforts of Li Jianfeng, Xu Meizheng, China Cinda and all the employees of CNNC Titanium Dioxide, CNNC Titanium DIOXIDE was successfully restructured and phoenix nirvana! The net profit of CNNC Titanium Dioxide in 2016 was 93.6858 million yuan, and the net profit after deducting non-recurring gains and losses in the first quarter of 2017 was 116 million yuan.
The successful restructuring of CNNC titanium dioxide provides a very good example for the mixed reform of state-owned enterprises, and also sets an example for improving the performance of listed companies.
We need more Lee Jianfeng! We should fully support the work of Li Jianfeng!
