Why did the Hua Yao glass in Qinhuangdao suddenly decline?

Speaking of Hua Yao, everyone probably knows it. It was once the first in the world, with advanced production technology, and was known as the cradle of china glass industry. But it seems that in an instant, it suddenly disappeared from the public's field of vision, and people are full of regrets when they talk about it again.

So, why did Hua Yao in its heyday suddenly decline? Can the reorganized Hua Yao achieve Nirvana Rebirth? I believe that not only I am interested, but everyone who cares about the development of Qinhuangdao and knows Hua Yao may be curious. In this paper, I invited my good friend Zhou Ziheng, who wrote this article from a vast amount of historical materials. I hope it can inspire everyone.

Wedge "backdoor listing" empty complaint

On September 29th, 2009, Jiangsu Phoenix and Hua Yao Group were officially approved by the Securities and Futures Commission for Hua Yao Glass's major asset restructuring plan in Qinhuangdao. On February 30th, 16, both parties completed the asset replacement, and Jiangsu Phoenix Real Estate injected 100% equity into Huajiao Glass. Hua Yao Group transferred the control right of Hua Yao Glass to Jiangsu Phoenix by transferring all the shares of Hua Yao Glass and non-public offering of shares. At the beginning of 20 10, the stock code 6007 16 was officially renamed as "Phoenix Shares". Since then, Hua Yao Glass, which was listed on the Shanghai Stock Exchange in 1996, suddenly left the capital market. On 20 16, the unsustainable Hua Yao of Qinhuangdao announced that it would stop production, and the honor of the glass capital of Qinhuangdao fell with Hua Yao.

At the sight of him lifting a tall building

At the end of the Qing Dynasty and the beginning of the Republic of China after the Sino-Japanese War, the great powers were busy merging with each other, and a group of patriotic industrialists emerged at the beginning of national industry. 1922, the famous patriotic industrialist Zhou founded a Sino-Belgian joint venture glass company in Tianjin. Hua Yao Glass became the first domestic machine to produce and process flat glass in China and the first Sino-foreign joint venture in China, so Hua Yao Glass is known as the "cradle of china glass industry".

1924, in order to facilitate transportation, Hua Yao set up a factory in the port city of Qinhuangdao. /kloc-in 0/5, China and Belgium jointly established a factory. Hua Yao Glass took the lead in adopting the most advanced production technology in Asia, and its products not only sold well in China, but also entered the European and American markets.

After the outbreak of War of Resistance against Japanese Aggression, Belgium sold its equity to Japan for fear of being affected by the war, and Hua Yao Glass was changed into a Sino-Japanese joint venture. After the victory of the Anti-Japanese War, Japanese shares were taken over by the National Government, and Hua Yao was changed into a joint venture between government and business.

1947, Hua Yao set up a branch in Pudong. After the civil war, Hua Yao glass was difficult to produce and sell, and was on the verge of bankruptcy. After the founding of New China, Hua Yao glass was in a desperate situation, with higher output and better quality, which sold well at home and abroad.

1966, Hua Yao changed from public-private partnership to state-owned, the company located in Tianjin was cancelled, and Qinhuangdao and Shanghai established their own factories. * * * Hua Yao's trademark is used to form a Dahua key, which means that the north and the south set each other off and * * * shines on China.

After the reform and opening up, Qinhuangdao, where Hua Yao Glass is located, became one of the earliest coastal cities to open to the outside world, and ushered in a broader development platform. 1986, the national key project-450 tons float glass production line was completed and put into operation, and Hua Yao flat glass entered the "float" era. In 1990s, Hua Yao gradually developed into the largest glass manufacturer in China, with annual profits and taxes exceeding 100 million yuan. The main flat glass accounts for110 of the national total output, and sells well at home and abroad.

Second, I saw him entertaining guests.

1996, Qinhuangdao Hua Yao glass co., ltd was established. The main sponsor is China Hua Yao Glass Group, which is the aforementioned Dayaohua. Other co-organizers include Bohai Aluminum Company, Qinhuangdao Glass Industry Design and Research Institute and Hebei Jiantou. In June of that year, Hua Yao Glass was officially listed on the main board of Shanghai Stock Exchange with the stock code 6007 16.

The company mainly deals in high-quality float flat glass, industrial building technology glass, superhard high-strength glass, new functional polymer materials, special performance glass products, ultra-high temperature refractories, tempered glass products and so on 100 products. "borosilicate float glass production technology" and "online LOW-E glass production technology" have reached the international leading level.

The company's flagship product, Hua Yao brand glass, was recognized as "China Famous Trademark" by the State Administration for Industry and Commerce in 2002, and was later named as the first batch of national inspection-free products and the first batch of China famous brand products by the General Administration of Quality Supervision, Inspection and Quarantine. Hua Yao has "three gold medals" at the same time, which is unique in the whole glass industry and its brand value has reached its peak.

Three people witnessed the collapse of his building.

The turning point of Qinhuangdao Hua Yao began in 2000. Lien Chan's confidence in winning streak over the years made him more and more crazy, and he began to buy other companies in an attempt to further improve his market position. However, the intensification of competition in the glass industry has changed the market environment, which Hua Yao has not sensitively discovered. In addition, problems such as nonstandard corporate governance and separation of government from enterprise have not been effectively solved, and the company has suffered losses for two consecutive years. In 2005, Hua Yao Glass Company accepted St.

In 2008, the world financial crisis hit the building materials industry hard. Hua Yao Group lacks the leadership of the Party, the internal control mechanism is disordered, the market miscalculates, and blindly expands production, resulting in a serious backlog of inventory and sluggish product sales. In addition, major shareholders frequently occupy the assets of listed companies, and the operating funds are extremely tight. In that year, the company's operating performance further deteriorated, and it was in financial difficulties, and its listing qualification was seriously threatened.

In order to make the best use of the high-quality resources of listed companies and prevent the loss of listing qualification, Hua Yao Glass and Jiangsu Phoenix exchanged assets, Hua Yao Group transferred all the shares of Hua Yao Glass to Jiangsu Phoenix, and Jiangsu Phoenix replaced all its high-quality assets with Hua Yao Glass.

20 10, Hua Yao Glass withdrew from the capital market. Although Hua Yao has lost its listing qualification, its economic entity still exists, and it is possible to make a comeback by improving corporate governance and adjusting business strategy. However, the recession caused by various internal and external reasons continues to worsen the operating conditions of Hua Yao Glass in its heyday.

20 1 1, some production lines stopped production; 20 13 was fined by the municipal environmental protection bureau because of excessive pollution and rectified within a time limit; On 20 14, a small-scale conflict broke out due to employee placement; 20 15 the municipal government signed a reorganization agreement with kaisheng technology, a subsidiary of China building materials group. In 20 16 years, the company's book capital was only a few hundred thousand yuan, the actual debt ratio was as high as 130%, the accumulated losses for three consecutive years were1300 million yuan, and employees were in arrears for nine months in salary and social security fees ... Hua Yao Glass, which was famous for nearly a hundred years, existed in name only, and the light of "glass capital" also dissipated.

Follow-up reorganization of the flag before the start.

On August 3rd this year, Economic Daily published a heavy article entitled "A Hundred Years of Hua Yao's Quenching and Rebirth". The article points out that rebuilding the backbone is the core element for Hua Yao to tide over the difficulties. 2065438+In June 2006, Kaisheng Science and Technology Working Group entered Hua Yao Group and began to entrust Hua Yao Group with management. A month later, the new Hua Yao Group Party Committee, Discipline Inspection Commission, trade unions and grass-roots party organizations were established one after another, and party building was incorporated into the company's articles of association, which clarified the leading role of enterprise party committees.

The article also points out that optimizing product structure, increasing investment in environmental protection and improving management mechanism are the only way for Hua Yao Group to get out of the predicament. As a result, Hua Yao Group carried out a series of reforms in accordance with the "five concentration" concept of marketing, procurement, finance, technology and investment of China Building Materials Group, so that this "old glass" was quenched and reborn.

At the same time, in order to keep the "lifeline of environmental protection", with the support of Kaisheng Technology, Hua Yao Group invested 654.38+0.8 billion yuan to build environmental protection equipment for desulfurization, denitrification and dust removal, and added backup systems. After the environmental protection facilities were put into production, all production lines achieved ultra-low emission in 20 19 years, which was at the leading level in the flat glass industry.

On June 30th, 2020, Hua Yao Group completed its reorganization and formally joined China Building Materials Group. In that year, the total profit increased by 20 15 148%. The average monthly income of employees is higher than 20 15 123% ... At present, China Building Materials Group has approved Hua Yao Group's "Returning from the city to enter the garden" project, and the goal in the next three years is to build Xinhua Key.

Hua Yao, who is nearly a hundred years old, has regained his vitality and become the boy he used to be.

Finally, briefly talk about feelings:

Manufacturing industry is the foundation of a country and the development of a city. The fundamental reason why our country was poor in the early days of the founding of New China and now its comprehensive strength is rising rapidly is that the manufacturing industry has laid a solid foundation. Similarly, if a city wants to achieve sustainable development, it must do a good job in manufacturing.

Of course, the development of tertiary industry based on resource endowment and comparative advantage is also in line with the road of regional development. For example, Qinhuangdao relies on the coastal coastline to vigorously develop tourism, which fully conforms to the characteristics of local resources. However, the seasonal division in the north is obvious, and whether it can be established by tourism needs further discussion.

We can imagine what Hua Yao would bring to China and Qinhuangdao if it hadn't fallen.

Of course, time can't go back, but this is a question worth pondering. Looking at the whole country, all provinces and cities are sparing no effort to grasp and grab projects and strive to win new competitive advantages in the new era. So what can we do to stand out from the regional competition?