Personal profile of Li

In Junan, Shandong Province, there is an international biological products company listed on the main board of the Hong Kong Stock Exchange, that is, Fufeng Group Co., Ltd. Fufeng is committed to the production, management and research and development of biological fermentation products, and is the world's largest producer of monosodium glutamate and glutamic acid and the third largest producer of xanthan gum. After 30 years of struggle, Li became the chairman of the world's first glutamic acid production enterprise from a farm boy who brought pancakes to school. 197 The Asian financial turmoil affected the wineries in Junan County, and the whole factory was in debt10.40 billion. Li, who has worked in a winery for nearly 20 years, saw an opportunity from the crisis. He joined others to invest 260,000 yuan to buy the property rights of five branches of the winery, such as monosodium glutamate and feed, and established Shandong Fufeng Fermentation Co., Ltd., which has since become a stage for him to display his talents. From 65438 to 0998, Li started his nationwide "garbage collection" campaign: at that time, the national monosodium glutamate industry entered a trough in an all-round way, and 100 monosodium glutamate factories closed down. At the bottom, it will inevitably rebound again. Li saw the opportunity and wanted to take this opportunity to expand the scale and reorganize the assets. He has no money to buy new equipment, and the bankrupt enterprise wants to sell it. This kind of business is easy to do. He went to Hainan and Guangzhou in the south, Heilongjiang and Jilin in the north, Xinjiang and Gansu in the west and Dalian in the east. From the end of 1999 to the end of 2004, Fufeng earned more than 3 million in the first year, 6 million in the second year, 0.5 million in the third year, 30 million in the fourth year, 53.9 million in 2003 and 85 million in 2004. Li and his Fufeng Group, after ten years of pioneering and trekking, have withstood the test of the financial crisis. Facing the next decade, they are full of confidence with a new starting point and a new journey, and will surely create greater glories.