Cheung Kong Graduate School of Business, put forward the concept of "strong grass enterprise" in his book The Law of Improvement in the Age of Resilience and Uncertainty. The strong grass here includes two aspects: one is the old foundation, and the other is not fragile. The author believes that the key word of a great enterprise is "tenacity". On the way of pursuing excellence and building an evergreen enterprise, only by shaping the tenacity of the enterprise before the crisis and tempering the core competence to win the darkest moment, can we build a "strong grass" enterprise.
net profit, Tongwei achieved a net profit of 16.302 billion, -24.98% year-on-year; Daqo achieved a net profit of 5.115 billion, -66.09% year-on-year; Xinte Energy realized a net profit of 5.079 billion yuan, down 47.37% from the same period last year, while Xiexin Technologies had less three-quarter reports before, but according to its voluntary announcement data, the net profit in the first three quarters was about 64.
Delivering such an answer in the third quarter is enough to show the resilience of its development. But who can expect, is such a very strong grass temperament of the enterprise, before this is not entirely optimistic about photovoltaic, three into the photovoltaic , buy and sell to pull up the current disk. During this period, Yongxiang shares had been "abandoned" for two years and were sold by Tongwei shares at almost the original price.
Until 2008, Sichuan Yongxiang Polysilicon Co., Ltd. (Hereinafter referred to as "Yongxiang Polysilicon"), a silicon material subsidiary of Tongwei, had just been established. Even when Tongwei acquired Yongxiang in February 2008, the production line of Yongxiang Polysilicon had not yet been put into production.
In the two years after Tongwei acquired Yongxiang shares, Yongxiang successively put into operation two polysilicon production lines with a total capacity of 1000 tons per year, and began to promote the second phase of 3000 tons per year polysilicon project.
Green and Clean Yongxiang Stock Factory Source: Tongwei Stock
However, with the price of polysilicon plummeting after 2008, the clouds of photovoltaic overseas trade frictions looming, Tongwei Stock quickly turned around. In February 2010, on the grounds of "unclear development prospects", it acquired 50% of Yongxiang shares previously acquired by 200 million yuan. So far ,
the first "glory" of Tongwei shares ended with an inglorious ending. Within five years after the sale of Yongxiang shares, Tongwei shares were in a dormant state and were at ease as feed.
Until 2015, Tongwei shares suddenly announced a price of 2.01 billion to buy Yongxiang shares 99.
Then in 2017, Tongwei again priced 49.
Tongwei shares in the second quarter of 2017 for the first time to achieve a single quarter of 1GW battery shipments, and jumped to become the world's largest battery manufacturer, to this day, no one can shake its top position,
looking at the growth path of Tongwei shares, before growing into today's giant, the company had been weak. Has also been questioned by the outside world, its Yongxiang shares were once reduced to "inferior assets" were sold and bought back, the basic plate of the battery business is also Saiwei, which has been resold many times.
But under such a rotten plate, Tongwei shares have grown into a global polysilicon and solar cell giant in just a few years through its own operation, and it is not too much to describe it as "bringing the dead back to life". Among them, the way of management and growth is a "good medicine" that can not be missed for enterprises that are deeply in the quagmire of overcapacity.
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