Chairman of Chinachem Technology Yuan Jinqing
Before serving as the chairman of Chinachem Technology, Yuan Jinqing was a financial returnee who, after resolutely stepping out of his comfort zone, crossed over into the field of new materials for automotive airbags. Nowadays, Yuan Jinqing once again chooses to face the difficulties and cross-border into the semiconductor photoresist track to further build the national industrial brand of Chinachem Technology.
Personal crossover
Standing on the Bund overlooking the Lujiazui Financial Center, Yuan Jinqing sighed that after many years, he saw this familiar scenery in front of him, but the Shanghai Center had not yet towered into the clouds.
Yuan Jinqing laughed at himself as a post-80s who liked to cross borders, and his life before the age of 40 could already be divided into several independent stages. At the beginning of this century, Yuan Jinqing went to the United Kingdom to study finance. After graduating and returning to China, he worked in Cathay Fund Management Co., Ltd. and Ping An Bank Shanghai Branch.
"At that time, lujiazui entered the financial institution to work quite face-saving, it was a good employment direction, and it was also a good explanation for the family." Yuan Jinqing said that although the financial position was quite stressful at that time, it could indeed exercise the ability of young people to think strategically, and gradually formed a set of research and analysis methods on the macroeconomy, industry prosperity and company fundamentals. "Working at Lujiazui broadened my horizons when I was young and I had an understanding of the rise and fall of businesses."
However, being a Lujiazui gold collar all his life was obviously not willing for Yuan Jinqing. In his view, his obvious shortcoming is the lack of work experience in industrial enterprises. Therefore, when Chinachem Technology, a company that has been deeply involved in the field of automotive airbags since 2002, appeared in front of its eyes and had the opportunity to obtain the support of management as chairman, Yuan Jinqing did not hesitate to embrace the opportunity of cross-border transformation of his life.
"If you see a car airbag, it's a problem." Yuan Jinqing laughed. Chinachem Technology's main product from the beginning of its business is the car airbag cloth and airbag belt, although it is inconspicuous at first glance, it is a key barrier to the safety of the driver and occupants when the car is involved in a traffic accident, and it is an essential part of the safety of the car. After more than 10 years of deep cultivation, Chinachem Technology has become the main supplier of core components of automotive airbags in China, through the supply of mainstream suppliers such as Yanfeng, Joyson, Autoliv, etc., the company's products have been used by most domestic automobile manufacturers, with a market share of more than 35%, which means that every 3 cars in China will have an airbag product using Chinachem Technology.
"Within a year, I have experienced all aspects of the difficulties and ups and downs of being an auto parts company." Yuan Jinqing recalled with emotion that although Chinachem Technology, which has entered the mature business, served as the chairman, he did not have the opportunity to sit back and enjoy its success. In more than a year, Yuan Jinqing and the company have faced one thorny challenge after another that must be solved, including large fluctuations in commodity prices, difficulties in the supply of raw materials, shortage of automotive chips, and difficulties in recruitment.
In the face of difficulties, Yuan Jinqing sank to the front line of the factory, often taking the factory as his home. In his view, the chairman of a listed company is not a boss on the top, but a job that needs to cooperate with employees and customers for a win-win situation. Yuan Jinqing not only actively discussed countermeasures with the company's management and paid attention to solving the problems encountered by front-line employees, but also personally visited raw material suppliers and made friends with them to ensure the supply needs of Chinachem Technology. "It's easier for people to pair up when they're having trouble with each other."
In the cold and summer, the performance of Chinachem Technology continued to recover. According to the third quarter report of 2021, the company achieved a total operating income of 810 million yuan in the first three quarters of 2021, an increase of 32.2% year-on-year. Yuan Jinqing sighed that the hard work of more than a year was not in vain, and finally handed over a good report card to investors.
Crossover of the company
The success of the automotive airbag field has not stopped Yuan Jinqing's pace of exploration. Under his leadership, Chinachem Technology took the strategic investment in Xuzhou Bokang as a breakthrough to enter the field of photoresist, a key semiconductor material, and expand new growth points of its business.
For the initiative to choose cross-border again, Yuan Jinqing gave an explanation: he wants Chinachem Technology to maintain the existing excellent genes in the future. In the past 20 years, Chinachem Technology's strategic focus has been on auto parts, and it has achieved industry leadership in the field of airbags. However, for a good enterprise, in addition to consolidating its main business, it is necessary to continue to seek development, think about how to break the limitations of the business, and find new opportunities.
Yuan Jinqing said that in the rapidly developing automotive industry, he deeply feels that the trend of intelligence in the automotive industry is irreversible, whether it is automotive automatic driving or the whole vehicle intelligence, the demand for chips is huge. For Chinachem Technology, finding future industry leaders and working together is a strategic opportunity worth striving to seize.
Yuan Jinqing believes that according to The experience of Chinachem Technology in the material industry chain, in order to expand in the semiconductor photoresist market, it is first necessary to have complete technology and mature process level; secondly, there must be a product application market, especially the landing of new production lines. Xuzhou Bokang as an excellent domestic photoresist enterprise, just meet the above conditions, it has successfully developed a 248nm/193nm / electron beam series of finished adhesives, the future is expected to make technological breakthroughs and grow into one of the leading enterprises in the field of photoresist.
For whether Chinachem Technology will completely transform into new fields in the future, Yuan Jinqing has his own considerations and plans. In his view, automotive airbags are the foundation of Chinachem Technology, because the company mainly deals in the necessary nylon, polyester and other materials for automotive airbags, these materials require a particularly long use cycle, must ensure that in a long cycle of more than 10 years with reliable performance, in the flame retardancy, wear resistance, yield and other aspects of the requirements of the standard is particularly high. Chinachem Technology, which has been deeply involved in this field for nearly 20 years, has a strong advantage over other enterprises, and it is worth continuing to operate traditional businesses. "The airbag itself is also a product that bears major social responsibility, and as the head of the company, I am very proud to try to do a good job in the product, and I will feel that I am protecting people's lives and practicing social responsibility every day." In addition, with the recovery of the automobile industry and the development of new energy vehicles, the number of single vehicles using airbags is expected to increase, and Chinachem Technology should actively embrace structural opportunities to consolidate the domestic leading position in the field of airbags.
At the same time, the next few years will also be the golden age of the rise of China's semiconductor industry, Chinachem Technology will uphold the principle of new business and traditional business parallel, in the field of airbags and photoresists double-line development, so as to continuously enhance the company's core competitiveness and profitability, better return investors.
"What I can do is to devote myself wholeheartedly to the cause of Chinachem Technology, to be a good service provider, to serve the society, to serve the shareholders, to serve the customers, and to serve each of our employees." Yuan Jinqing said that now he and Fu Zhiwei, the founder of Xuzhou Bokang, often carry a small bag to run customers, that is, hope that through the accumulation of hard work, the company's development will have a greater improvement.
