Yuyao billionaire forgotten by Hurun

In the 20 18 Hurun Report, there are 45 Ningbo rich people on the list, with a minimum wealth of 2 billion yuan. Most of the enterprises founded by these ric

In the 20 18 Hurun Report, there are 45 Ningbo rich people on the list, with a minimum wealth of 2 billion yuan. Most of the enterprises founded by these rich people are family businesses, such as Mao, Xu and Xu.

However, Hurun missed one of the most special rich people. In Ningbo, where family businesses abound, the tycoon explicitly opposes family system. Yu Shun Group, founded by him, has quietly grown into the largest manufacturer of optical products in China in a county-level city named Yuyao, with the sales volume of automobile lenses ranking first in the world and mobile phone lenses and camera modules ranking second in the world. Mobile phone manufacturers such as Apple, Samsung and Huawei are all its customers. This rich man is Wang Wenjian, the founder of Yu Shun Group.

In 2007, Yu Shun was listed in Hong Kong, and its current market value has exceeded 1000 billion. Yuyao people believe that Yu Shun is not necessarily the largest local enterprise, but it is the best local enterprise.

Yuyao place names appeared earlier than Ningbo, and Yuyao County was established in Qin Dynasty, belonging to Huiji County. So Yuyao is closer to Shaoxing in history. Yuyao was not included in Ningbo until 1949. Xiaoshan, another county in Shaoxing, was also included in Hangzhou. The designation of two counties directly led to the decline of Shaoxing's status as a city in Zhejiang Province. Today, many Shaoxing people still want Yuyao to return to Shaoxing from time to time.

Like many counties and cities in Zhejiang, Yuyao also has its own characteristic industrial cluster-plastics, although Yuyao has no large petrochemical enterprises and does not produce a single plastic raw material.

In the 1980s, a large number of plastic-related enterprises appeared in Yuyao, and the demand for plastic raw materials increased sharply. Vendors selling plastic raw materials began to set up shop near the former Yuyao North Bus Station, forming a "Plastic Street", which is the predecessor of "China Plastic City". In 20 17 years, the transaction volume of China Plastic City reached10.2 billion yuan, and the transaction volume reached 9.6 million tons.

Wang Wenjian, a native of Yuyao, started his business in 1980s, not in the plastic industry, but in the glasses industry. 1984, at the age of 37, he was recruited by the commune and became the director of Yuyao No.2 optical instrument factory. Before that, he only worked in Kai Guanchang Capacitor Electric Appliance Factory.

At an early age, eyes are different from ordinary people. 65438-0988 and Zhejiang University Optoelectronic Technology Development Company set up a scientific and technological production consortium to develop optical lenses, microscopes, telescopes and other products. At the beginning, Zhejiang University shared the sales revenue and did not take any risks. With the deepening of cooperation, the two sides established a joint-stock company, and Zhejiang University invested in the enterprise with technology. Since then, it has made a story of school-enterprise cooperation.

In terms of property rights, Yuyao No.2 Optical Instrument Factory is a township collective enterprise, and the restructuring of Zhejiang township collective enterprises began in the 1990s. From 65438 to 0994, the Zhejiang provincial government held a meeting and issued "Several Opinions on Further Improving the Reform of Rural Collective Property Rights System", and the restructuring of township collective enterprises in Hangjiahu and Ningshaozhou started rapidly.

Yuyao No.2 Optical Instrument Factory was renamed as "Yuyao Optoelectronic (Group) Co., Ltd. of Zhejiang University" in this year, and upgraded to a provincial enterprise group in the following year, and renamed as "Zhejiang Yu Shun (Group) Co., Ltd.".

The most famous ancient man in Yuyao should be Wang Yangming in Ming Dynasty. There is a Longquan Mountain in Yuyao City, and the east-west urban main road north of Longquan Mountain is named Yangming Road.

After being admitted to Jinshi, Wang Yangming began his career. Later, because he offended eunuch Liu Jin, he was demoted to Longchangyi (now xiuwen county, Guizhou) as an official. At the low point of his life, he founded the theory of "knowing and doing in one", and realized the Tao in the dragon field. The so-called "knowing and doing in one" is the truth of understanding things, and it is inseparable from applying this truth to reality.

More generally, you should do what you think should be done.

Wang Wenjian, also surnamed Wang, after careful study, completely followed Wang Yangming's "Unity of Knowing and Doing". He believes that "wealth is scattered, people are gathered" is not just lip service, but in the process of restructuring, this sentence has been implemented. At that time, Zhejiang enterprises were restructured, and most of the shares were concentrated in the hands of the main operators and their families. However, after the restructuring, Wang Wenjian only held 7% of the shares, and all the more than 300 employees who entered the company before the end of 1993 got the shares.

Yu Shun went public 10 year, and its share price rose more than 100 times. At the beginning, those employees who held shares soared. Some media used an eye-catching headline, saying that "the low-key giants hidden in the county town of Zhejiang, even the doorkeepers and cooks are billionaires." Indeed, no matter the janitor, chef or ordinary employee, they can get the equity of Yu Shun at a very low price in the process of reorganization.

Wang Wenjian once said, "Most of the shares in the company belong to me, and others will work for me. Who will really contribute to the enterprise? If a higher-paying enterprise recruits him, he will leave me, which is called' gathering money to disperse people'; The wealth of an enterprise is created by employees, and the benefits should be shared by all. If the fate of employees is integrated with the enterprise, they will be in the same boat through thick and thin and unite as one. This is' money together'. "

In addition to distributing wealth, he spared no effort to oppose family management. 200 1, he wrote in the article "private enterprises should prevent family management":

It is said that Wang Jiong, Wang's only son, worked as a middle and low-level business person in a subsidiary of the group and later left.

Today, the 72-year-old is only the honorary chairman and non-executive director, and the 53-year-old chairman and executive director Ye Liaoning is an old minister who joined 1984 (only 18 at that time), while the 46-year-old chief executive and executive director Sun Long joined the company in 2003 and previously worked for Ningbo Securities Co., Ltd.

It is unclear whether Wang Wenjian's reasons for opposing the family system are sufficient, but there are indeed problems in the inheritance of many family businesses, especially the Ningbo Gang. Many second generation have no intention to take over, or take over passively, but they have no management ability, which leads to the closure of enterprises.

The rise of Yu Shun benefited from the explosion of automobile and smart phone industries, and the root behind it was the "supporting role" strategy put forward by Wang Wenjian in 2004:

Aim at the major customers of the international optoelectronic industry, study the path of becoming their partners, and carry out a series of activities such as R&D, production and marketing around these major customers to become their strategic partners.

A play can't have only a leading role and excellent supporting roles, but also a bright spot.

In 2004, Yu Shun entered the field of automobile lenses, providing various lenses for automobile enterprises.

In 2008, it is judged that smart phones will replace functional phones, and the main application fields of mobile phone lenses will also be quickly transferred to smart phones. Yu Shun acquired a 54.9% stake in Korea Power Optics and gained the ability to design and produce high-end smart phone lenses.

The global smartphone industry is developing rapidly. As an important supplier, Yu Shun's performance is rising. Yu Shun later acquired Konica Minolta's mobile phone lens production base, and invested in MantiVision Ltd (layout of 3D images), always standing at the forefront of technological change.

The latest market value of Yu Shun106.7 billion yuan. Based on this calculation, the equity value of Wang Wenjian is about 7.5 billion yuan. It is not an amazing number that there are so many rich people in Ningbo, but his exploration in corporate governance obviously exceeds most people.