Text | Daily Figure Huang Siyue Editor Zhong Shiwu
On December 16, there were media reports that Ding Liguo, chairman of Delonghi Group , took a flight back to China to attend a conference and arrived at the boarding gate 35 minutes before the plane took off. The door is closed. Ding Liguo impressed the captain with his "sincerity" in insisting on attending the meeting and reopened the cabin door for him.
Afterwards, when Ding Liguo talked about how to run a business at the Yangtze River Entrepreneur Forum, he said, "We have to stick to what we like to do, and how to prove it is to persevere. Just like this journey to Wuhan, perseverance will make it easier." Always."
Ding Liguo on the Yangtze River Entrepreneur Forum | Picture source network
Public information shows that Ding Liguo was on the Forbes China rankings from 2005 to 2008, ranking 140th in 2008 with 2.52 billion yuan. Among them, Ding Liguo and his wife Zhao Jing had assets of 6.5 billion yuan in 2007, ranking 111th on the Hurun Rich List.
Ding Liguo is 49 years old and comes from Tangshan , Hebei. After graduating from Hebei Institute of Technology in 1991 with a major in mechanical manufacturing, he entered the Materials Bureau of Futian District, Shenzhen. After working for two years, Ding Liguo returned to his hometown and founded Tangshan Great Wall Steel Rolling Co., Ltd. and made his first pot of gold.
The good times did not last long. In 1994, steel prices plummeted, and many small steel rolling mills stopped production and closed down. Ding Liguo also faced the same dilemma, but instead of leaving the steel industry, he turned to steel trading. In 1995, he started the steel industry again. Three years later, he established Tangshan Liguo Group and officially started his life journey.
Ding Liguo's entrepreneurial skills lie in his ability to revive a steel company that has encountered difficulties and help it transform itself into a profit.
In 1999, Ding Liguo took over Xingtai Xinmou Iron and Steel Company, which was suffering huge losses. At that time, Xinmu Iron and Steel Company had stopped production for two years, its asset-liability ratio reached 122%, and its main equipment had an annual output of only 150,000 tons of steel billets.
Under the leadership of Ding Liguo and the cooperation of the county government, Xinmou Iron and Steel Company turned a loss into a profit in just one year. The later investment of 260 million yuan in technological transformation pushed Xinmou Iron and Steel Company to an annual output in 2002 It has reached the position of one million tons of steel and was rated as the first batch of key metallurgical enterprises in Hebei Province. Ding Liguo was also named a hero in the construction of key projects. In the same year, the company was renamed Xingtai Delong Steel Industry Co., Ltd. At this time, Ding Liguo had a net worth of hundreds of millions.
Relying on the advantages of rich iron ore resources in Hebei and the continuous transformation of technology, Delong, led by Ding Liguo, has set its sights overseas. In March 2005, Delong Holdings was listed on the Singapore Stock Exchange and was the first private steel company listed overseas.
What is not clear to the outside world is that on September 26 this year, Ding Liguo’s Delonghi Holdings announced its delisting from the Singapore Exchange. On September 11th, Delonghi shares stopped trading on the exchange. The day before The closing price was S$6.98.
In fact, Ding Liguo also thought about quitting at a high position. In 2008, he introduced Russia's Efraz Group to become a shareholder. The latter proposed to acquire 51% of Delonghi Holdings' shares for US$1.5 billion and became the largest shareholder.
According to the "Business Review" report, Ding Liguo's good wishes were frustrated due to approval issues on the eve of macro-control of the steel industry. On August 19, 2009, after gradually becoming disappointed in the face of a long-term antitrust investigation, the Russian Efraz Group unilaterally announced that it would give up the acquisition of Delonghi Holdings Co., Ltd.
According to Ding's subsequent interview with "Chinese Entrepreneur", the reason why he wanted to sell Delong Holdings at that time was that "I felt that the development of the steel industry had reached its peak, so I wanted to transform and develop other industries."
After that, Ding Liguo even more Like a label, the combination of charity, environmental protection and steel are his keywords. After 2009, Ding Liguo increased investment in environmental protection facilities and energy-saving devices. In recent years, it was rated as one of the first batch of green factories by the Ministry of Industry and Information Technology and became a national 3A-level scenic spot.
Delong Factory was rated as a 3A scenic spot | Picture source network
In 2010, Ding Liguo and his wife Zhao Jing co-founded the Beijing Cihong Charitable Foundation , with the latter serving as the chairman. In the 2013 social organization level evaluation Identified as 5A level.
As for his career, Ding Liguo still continues his "savior" style. He first took over Chase Gas as the actual controller with 1 billion yuan in 2018, and then in 2019 he took over the company that was deeply in debt crisis and had debts of nearly 100 billion yuan. Bogang Iron and Steel Group.
According to the company’s annual report, the book value of Delong Holdings’ assets at the end of 2018 was only 1.3 billion yuan, and it still took over Bogang Iron and Steel. At the same time, some media broke the news that Delonghi Steel’s assets were mortgaged.
At the same time, the company's construction process of Ding Liguo's large steel plant project in Indonesia was delayed due to a series of problems such as supplier delivery delays and a lack of skilled construction workers. The total investment in the project reaches US$950 million, and the production date has been extended from the original end of 2018 to June 2019.
In recent years, Ding Liguo has disappeared from the Hurun Rich List, but he still has many honors. Recently on November 3, Ding Liguo was selected as the first "Outstanding Social Entrepreneur" Award.
Ding Liguo was named "Outstanding Social Entrepreneur" | Picture Source Network
According to previous announcements, Ding Liguo was a representative of the 11th National People's Congress, one of the 16th China's top ten outstanding youths , a national model worker, and a Chinese Member of the Standing Committee of the All-China Federation of Industry and Commerce, Member of the Standing Committee of the All-China Youth Federation, Executive Vice President of the All-China Metallurgical Chamber of Commerce, and Rotating Chairman of the Yabuli Entrepreneur Forum (2017-2018).
