A new generation of "glass king"? His net worth is 2.5 times that of Cao, and his income growth rate is 90%.

Speaking of glass, I believe everyone is familiar with it, and it can be seen everywhere in life. From doors, windows, coffee tables to teacups and decorations, there are glass figures. As we all know, the raw material of glass is silicon, the main manufacturing component is sandstone, and the manufacturing threshold is relatively low, so the gross profit margin of glass products we use every day is generally low, and it is difficult for manufacturers to obtain high profits. But this does not mean that all glass products are the same.

For example, borosilicate glass bottles for vaccines are very technical. Up to now, the local production in China can only meet 10% of the domestic market, and the income and profit of such products are relatively high. The other is float glass, which is generally used in high-grade buildings with a gross profit margin of 40%. There is also a glass product, which also has a high price and profit margin. This kind of glass is automobile glass. Even in such a big environment, there are excellent products and enterprises.

Among them, Cao is the king of the glass industry. Under his leadership, Fuyao Glass has been at the forefront of the industry, breaking the monopoly of foreign capital on China automobile glass. He spent a lot of money on the development technology, professionals and professional equipment of automobile glass, and finally got his due reward. At the same time, it also brought good news to China automobile market.

Li Xianyi, 1952, was born in an ordinary family in Ziying Village, yongningzhen, shishi city, Fujian. At that time, New China had just been established, and the whole country was in a state of emergency. Ordinary families in rural areas can hardly solve the problem of food and clothing for the whole family, and children have almost no extra money to study. Most rural children only finish primary school, and few have a high school diploma, and families in Li Xianyi are no exception. 15 years old, still in junior high school, but because of the difficult family conditions, he dropped out of school early and entered the society.

After he dropped out of school, he advanced to work in a factory. Although I made some money, I was very tired and couldn't see the future. So in the late 1970s, he left the factory and tried to transport by himself. He bought a tractor with the money from his previous job. At first, he drove a tractor to transport goods. Later, he recruited some people who were also engaged in transportation and set up the "Zi Ying Team". After the organization was established, Li Xianyi got more orders and his transportation business also increased. However, he is not satisfied with what he has got so far. He wants to see a bigger world and create more wealth.

1980, Li Xianyi came to Hongkong. At that time, Hong Kong was one of the richest cities in the world, with the most developed economy and the highest living standard. Li Xianyi wants to find his chance in this prosperous free port. Because Li Xianyi knows cars very well, he used his savings from years of work to open his own auto parts factory. Li Xianyi had a small gain in the previous transportation. This time, he also managed the auto repair shop well. In just a few years, he developed a car parts factory into an automobile comprehensive service company and accumulated a lot of wealth. Five years later, by another chance, he saw the news in the newspaper that domestic automobile glass depended on imports, so he had an idea. He saw the broad development prospects of Shenzhen, and Li Xianyi felt that his opportunity had come. He gave up the comprehensive automobile service company in Hong Kong and decided to start a business in Shenzhen.

1989, Li Xianyi realized this idea. He spent a lot of money to set up a glass factory in Shenzhen, from mechanical equipment to related professionals, striving to reach high standards in every detail. At that time, the local government also provided relevant resources and help to this enterprise, so xinyi glass was born. Li Xianyi has only been in China for a short time and has limited resources. He has been promoting xinyi glass by putting advertisements on the big screen. Due to the good quality of xinyi glass, more and more repeat customers and stronger xinyi glass, Li Xianyi has a bumper harvest in the glass industry.

In February of 20001year, in order to curb the industrial development of china glass, the US Department of Commerce plans to impose a tariff of 3% ~ 124% on glass exported from China such as xinyi glass. Li Xianyi believes that in the face of anti-dumping, avoiding the market is tantamount to giving up, and he should dare to respond. He stood up and tried to find a way out for himself. After receiving Li Xianyi's protest, officials from the US Department of Commerce came to the xinyi glass factory and strictly examined all the materials of xinyi glass from its establishment to 200 1. The final audit result is that xinyi glass operates with integrity, reliable quality, standardized accounts and pays taxes according to regulations.

Li Xianyi has just won the anti-dumping victory in the United States and has been investigated by Canadian anti-dumping. He set up an emergency team and hired a well-known lawyer. In 2002, Li Xianyi won the anti-dumping case. This victory has won confidence and honor for China enterprises in anti-dumping, and Li Xianyi's business is more popular. As a result, xinyi glass has become the third largest "glass kingdom" in the world, and Li Xianyi is also known as the "king of glass". He ranked 224th on the 20021hurun rich list, with a net worth of $ 105 billion (about 67.5 billion yuan), while Cao's net worth was only 26.5 billion yuan, a difference of about 2.5 times.

After the establishment of the "Glass Empire", he was also very enthusiastic about charity, and donated as much as 8110000 yuan to charity. In 2020, in COVID-19, Xinyi Group donated a large amount of medical materials to the mainland, and established the "Leshantang Mask Bank" in Hong Kong to distribute masks, disposable hand sanitizers and other materials to citizens and children free of charge, which proved the word "Xinyi" with practical actions. Xinyi Group and Fuyao Glass both contributed to the china glass market and broke the monopoly market. In the domestic glass market, there may be two companies occupying the market in the future, and the light of domestic products begins to rise.