Who brought down Northeast Special Steel? Four years after the chairman retired, he was still found out

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The development of enterprises is inseparable from the courage, responsibility and smart innovation of entrepreneurs. Only by working together can both parties develop healthily.

Entrepreneurs and companies should both consider long-term interests. If one party loses track and fails, it will affect the other party.

In one case, the success and decline of Northeast Special Steel originated from the former chairman Zhao Mingyuan.

Northeast Special Steel was formerly known as Dalian Steel Plant. In 1969, 17-year-old Zhao Mingyuan officially entered work here.

In 1996, Dalian Steel Works was on the verge of bankruptcy, and Zhao Mingyuan was appointed as the director of the factory.

Zhao Mingyuan was born in November 1952 in Zhuozi, Inner Mongolia, with an on-the-job college degree.

He started working in 1969, starting as a worker in the water tanker workshop of Dalian Steel Plant, and in March 1996 he became the director of Dalian Steel Plant.

In 1996, Dalian Steel Works was restructured into Dalian Iron and Steel Group. At this time, the factory was on the verge of bankruptcy, and Zhao Mingyuan was appointed as the director of the factory.

At this time, the factory was not only in debt, but even employees’ wages had not been paid for almost a year.

In 1996, the Dalian Steel Plant was riddled with debt and could not pay employees' wages for nearly a year, and was on the verge of bankruptcy. Zhao Mingyuan was appointed as the director of the factory in the face of danger. It took him three years to reduce and divert nearly 15,000 people.

At that time, Zhao Mingyuan was often cornered by employees who rushed into the office. Someone suggested taking it slow. He said: "This company has not paid wages for 10 and a half months. I still sit there and slowly sharpen the knife? I have to never look back.

Zhao Mingyuan has successfully achieved success after some drastic reforms. led the factory to turn losses into profits.

In 2002, Dalian Iron and Steel Group reorganized with Fushun Special Steel (Group) Co., Ltd. to establish Liaoning Special Steel Group.

In 2004, Liaoning Special Steel Group reorganized its assets with Heilongjiang's Beiman Special Steel Group and established Northeast China. Special Steel Group. Zhao Mingyuan has been the leader of this increasingly large steel group since he was the director of Dalian Steel Plant in 1996, and he took charge of this steel company until he resigned as chairman of Northeast Special Steel Group in 2015. He has been growing up for 19 years.

Therefore, Zhao Mingyuan also has a high reputation.

He has been awarded the titles of "Top Ten Financial Figures in Liaoning", "Pioneer of China's Industrial Economy", "National Model Worker ", and CCTV Economic Seminar. Hours had a special report and was even praised by the media as "the soul builder of national special steel"

Under the leadership of Zhao Mingyuan, Northeast Special Steel has gradually expanded its scale and has developed into the largest in the north. Company.

In 2015, the soul of Northeast Special Steel, Zhao Mingyuan, chose to retire at the age of 62. Later, Northeast Special Steel gradually broke out and the amount of default reached 71. billion, caused an uproar.

Due to insolvency, Northeast Special Steel had no choice but to enter bankruptcy and reorganization, and was eventually incorporated into Shagang Group . Northeast Special Steel entered a new stage, and the problem of his former person in charge. It has also been disclosed.

Zhao Mingyuan, who has been retired for 4 years, will still face the problems left over from his work.

The China Securities Regulatory Commission announced the penalty results of 300,000 yuan and life imprisonment in July this year. The market is prohibited. Among the problems that Zhao Mingyuan is involved in are illegal operating companies.

It can be said that the collapse of Northeast Special Steel depends on Zhao Mingyuan.

In addition to entrepreneurial factors, the national steel industry after 2010. In fact, there are already signs of "peeling".

Specific to Northeast Special Steel, in addition to the serious surplus in the industry, the company's business operations are heavily in debt, costs are high, and operations have no vitality.

Exit measures should have been taken long ago. Enterprises cannot resist the power of the market. They must have a clear view of the general trend and the future, and do not blindly build up big players.

Disclaimer: The above content is reproduced from Wei LINK Steel, and the content posted does not represent the position of the National Energy Information Platform. Tel: 010-65367827, Email: [email protected], Address: People's Daily, No. 2 Jintai West Road, Chaoyang District, Beijing