What did Wenzhou Oriental Group do before?

Wenzhou is the cradle of private enterprise development. Because of Zhejiang Oriental Group, Wenzhou is also a typical state-owned enterprise. The predecessor of Zhejiang Dongfang Group Company is Wenzhou FRP Building Materials Factory.

1984, Wenzhou FRP building materials factory was on the verge of bankruptcy, and Teng Zengshou was appointed as the party secretary and general manager of the factory. Teng's first words when he took office can be heard in local streets and alleys: "If the state-owned enterprises are not good, I will commit suicide by caesarean section with a knife in the factory." As a result, the enterprise turned losses that year. After three years, he became a big profit and tax collector in the city. 1988, Teng prepared to merge Wenzhou Shipyard, the largest loss-making household in Wenzhou at that time, with more than 2,000 employees and debts of more than 30 million. After the merger, the shipyard completed the technical transformation and put into production in the same year, becoming the top spot in the shipbuilding industry in the province. Later, Teng merged eight local loss-making state-owned enterprises in Wenzhou, and established Wenzhou Oriental Industrial Enterprise Group, the first group company in Wenzhou, on 1989. 1993, Wenzhou Oriental Lighting Market, which is wholly owned by Dongfang Group, opened. This 50,000-square-meter lamp market achieved sales of 300 million in the first year, and 1997 rushed to 3 billion, becoming the largest lamp market in China. 1994, the group invested1900,000 yuan to import equipment from abroad to produce large-diameter FRP pipes, which became the national key promotion project of scientific and technological achievements approved by the Ministry of Construction. 1June, 1997, with the approval of the State Council, Dongfang Group entered the national 5 12 key state-owned enterprises. 1997 10, Zhejiang Dongri Co., Ltd. (600 1 13, SH), the sole sponsor of Dongfang Group, was listed on the Shanghai Stock Exchange. The Group invested all the assets and liabilities of its wholly-owned subsidiaries, Pipeline Company and Oriental Lighting Market, into Dongri shares? After the assessment of net assets, it is111916500 yuan? 78 million shares. Another 40 million circulating A shares raised a total of 223.76 million yuan. "When the company went public, it was still a quota system. There are only 3-5 places in each province, and one place in Zhejiang is given to Dongfang Group. " Lin, secretary general of Wenzhou Securities Industry Association, told reporters. "Zhejiang Dongri is the only listed company in Wenzhou, and the government hopes to show that Wenzhou can not only do a good job in private economy, but also develop state-owned enterprises like Dongfang Group." Ma Jinlong, director of the Political Research Office of Wenzhou Municipal Committee, said. A long time after the "* * * phenomenon", a peculiar "* * * phenomenon" was born in the Oriental lamps market. Although the Oriental lamps market is state-owned, its main income comes from the local 1200 individual and private lamps enterprises renting its storefronts.

According to the data, the lighting market has absorbed 80% of the individual and private lighting factories in Wenzhou. In 2002, the rent collected by Dongfang Group was 65.438+0.6 billion yuan, accounting for 64.86% of the main profit of Dongri. "However, enterprises that rely solely on individual capabilities and government support cannot maintain long-term vitality." Ma Jinlong said that with the growth of private economy and the elimination of policy risks, the "* * * phenomenon" began to be impacted.

The owner of a lighting store in the Oriental Lighting Market said that the lighting market was very prosperous a few years ago, and there was only one in the country. However, from 1998, lamps and some related industries began to transfer from Wenzhou to Zhongshan Ancient Town in Guangdong. The ancient town implements the policy of tax reduction or light tax, and the tax per household is only about 1000 yuan, while the tax in the oriental lamp market is several times that in the ancient town. "The operators are quite critical of the monopoly mode of the oriental lamps market." The rent in the market is 80 yuan/square meter/month, and the rent in the ancient town of Guangdong is much cheaper. "Another local lamp boss revealed that someone in Nanbai Lane, Wenzhou tried to open a new lamp market, but it ended in vain. The reporter confirmed from Zheng Nianhong, vice president of Dongfang Group, that the sales of 1.997 billion yuan is the peak of the Oriental lamps market, which has been declining in recent years, and the sales performance in 2002 was less than 2 billion yuan. Other businesses of Dongfang Group are also not optimistic. The reporter saw at the scene that the Oriental Shipyard, which made Teng Zengshou famous in World War I, has now become a wasteland. Ke Yongbo said: "Now there are more and more river-crossing bridges in Zhejiang, and large ships with high profits can't be made. The profit of building small boats is low and it can't afford to support more than 2,000 employees." "Other subsidiaries of Dongfang Group are also facing fierce competition. For example, the sales performance of FRP pipes is not very good. Ke Yongbo believes that, compared with some similar private enterprises, "the differences in operating methods and manufacturing costs have caused the current situation in the East-restructuring is the only way out". "According to the report of the first quarter of 2003 of Elephant and Wolf Dance Dongri Co., Ltd., the company is beginning to implement a comprehensive asset replacement: withdrawing from the original main business such as pipelines and pharmaceuticals? Instead, we will enter the markets of science, technology, education and real estate.