At a cocktail party in 2015, when Dong Mingzhu was introducing Gree mobile phones to everyone, Wei Yincang, chairman of Zhuhai Yinlong, also came over and said to Dong Mingzhu:
"Mr. Dong, the lithium titanate battery developed by our company, it takes only 5 minutes to be fully charged, the life expectancy is up to 50 years, the only one in the world, you make a mobile phone is not as good as making lithium titanate energy vehicles."
Dong Mingzhu couldn't help but be dazzled after listening to it.
As far as she knows, lithium titanate batteries do have the advantages of fast charging, long endurance and long life compared to traditional lithium iron phosphate batteries and ternary lithium batteries, but its limitations are also very large, that is, low density, large volume, and not suitable for small cars.
If Wei Yincang can really break through the limitations of this technology and apply it to cars, then the people can realize the dream of "charging for five minutes and traveling all day".
Dong Mingzhu, who has always wanted to enter the new energy automobile industry, but suffered from lack of technology, immediately decided to invest in Zhuhai Yinlong.
Unexpectedly, this decision actually made her defrauded of 2.6 billion yuan by Wei Yincang.
As soon as the news came out, everyone was in an uproar, what means did this Wei Yincang have to trick this domineering president into a circle?
Wei Yincang was born in 1959 in Zhai Jiazhuang Village, Handan, Hebei Province, born poor, but his heart is higher than the sky, always thinking of making a big career, but he is not good at learning, not to say, but also always high hands and low eyes, are big and small, or not a martial arts, no decent livelihood.
At that time, the best way out for a rural boy like him was to join the army, and Wei Yincang was no exception.
Unfortunately, Wei Yincang, who had a loose nature, had difficulty adapting to the life of the disciplined troops, and his intestines were all remorseful, but they all came, and they were hard to boil.
Struggling until he was discharged from the army, he slipped up and packed up his things and went home.
After returning to his hometown, Wei Yincang suddenly found that the world was "very different".
At that time, the spring wind of reform and opening up blew all over the land, people's living standards also improved, more people wore new clothes on the street, more foreign buildings became more, and most importantly, more people drove cars on the street. Perhaps in the future, the car will be like a bicycle, becoming the standard for ordinary people to travel.
After all, it was a person who had stayed in the army, Wei Yincang's vision at this time had been greatly improved, and he keenly realized: There are more cars, and the supply of repairing cars is definitely in short supply.
Wei Yincang patted his thigh: He had found a way to get rich. Therefore, he entered an auto repair factory in Wu'an as an apprentice and began to learn auto repair technology.
A few years later, Wei Yincang pulled more than a dozen former colleagues to open an auto repair plant near Zhongxing Road in Wu'an, and he himself transformed into the "Wei Zong" of the auto repair plant.
At this time, "Wei Zong" was just a vain name, and his auto repair plant was just digging a pit in the ground and building a few stones as a repair lane, such a pomp and circumstance was really shabby, and the locals did not pay attention to it.
Wei Yincang did gamble right, there were indeed more and more people driving cars, and the business of the auto repair plant was very prosperous, coupled with continuous expansion, it soon became the largest auto repair plant in Wu'an.
The name "Wei Zong" finally deserved it.
After tasting the taste of meat, who still wants to go back to eat vegetarian, Wei Yincang is also like this, although the business of the auto repair plant is good, he is not willing to be a lifelong repairman, trying to have greater development. So he started his auto repair business while paying attention to the government's policies.
The kung fu paid off, and Wei Yincang finally waited for a perfect opportunity.
In 1996, the Handan Municipal Transportation Bureau decided to build the Handan-Wu Highway, which is an operational highway connecting Handan City and Wu'an City, and is the closest section between the two cities.
Wei Yincang saw the business opportunity, but how could such a fragrant bun fall into his own hands?
With a flexible mind, he found one of the shareholders of Handan Highway, Handan Everbright Highway Development Co., Ltd.
After some negotiations, the two reached a pleasant cooperation: the company's investment funds are responsible for Wei Yincang, and the income is shared by both parties, of course, Wei Yincang is not a fool with money, he has investigated clearly earlier, the company is actually funded by several departments of the Handan Municipal Transportation Bureau.
Serving this company well is equivalent to opening the door of the Handan Municipal Transportation Bureau.
Sure enough, since then, Wei Yincang's business has become bigger and bigger, and the Handanwu Highway after its completion alone has brought him tens of millions of benefits every year.
But the eyes of the masses were shining, and soon someone reported that Wei Yincang was suspected of corruption and profit-
Hearing the wind, Wei Yincang knew that he could not withstand a thorough investigation, worried that he would have to eat in prison, quickly sold all his industries, and took his young and beautiful second wife to the United States to live happily, completely ignoring the lives and deaths of thousands of employees below.
Unbeknownst to him at this point, this was his first time running, and that years later he would continue to run on the path of escape.
What was surprising was that a few years later, Wu An knocked on the gong and drum to invite Wei Yincang back.
When Wei Yincang was in the United States, he was not familiar with the local area, that is, he wanted to do something and did not know the way, he could only sit and eat the mountain, he knew that if he wanted to make money, he still had to go back to China. After lurking for several years, as soon as the storm passed, he immediately spent money to settle his corruption case, and then took advantage of the east wind of the Beijing Olympic Games to return to China with a big swing.
During the Olympic Games, in order to let the world see the blue sky and white clouds in Beijing, the country attaches great importance to environmental protection, and the new energy industry has risen rapidly.
Wei Yincang also wanted to stand on the cusp, so he combined his old bank and registered an automotive new energy company, Zhuhai Yinlong.
After the establishment of the company, Wei Yincang did not intend to do research and development on the ground, but meditated on how to engage in gimmicks.
When he was in the United States before, he remembered that there was a small listed company called Aotai Nano, who had advanced "lithium titanate technology" in their hands, but because they had no money to develop technology, they were on the verge of bankruptcy.
Wei Yincang spent 300 million yuan to acquire 53.6% of the shares of Aotai Nano and became the actual controller of the company.
This originally marginalized technology was brought back to China by Wei Yincang like a treasure, and he announced to the media: "This is a god-level new energy technology, we intend to use it to develop lithium titanate battery cars, at that time, the valuation of Yinlong will reach 80 trillion." ”
The gimmick was enough, and it was time to find investment below, and Wei Yincang confidently found the Wu'an government.
He is well aware that the economic pillar of Wu'an has always been the steel industry, but the steel industry has brought environmental pollution, overcapacity and other problems. Wu'an urgently needs to get rid of its dependence on the steel industry, so having new energy technology is undoubtedly a life-saving straw in the eyes of the Wu'an government.
Sure enough, the Wu'an government immediately decided to fully support Wei Yincang in manufacturing new energy vehicles.
In this way, Hebei Yinlong New Energy Industrial Park rose from the ground, and since then, Hebei Yinlong has become the top priority of the Wu'an government' work, and Wei Yincang has also changed from the former "king of the roll-up run" to become the brightest star in Wu'an.
But Wei Yincang is difficult to change his nature, in the face of the government's support, he has no gratitude, and he has no heart to do research and development, and he only thinks about circle money.
On September 6, 2013, the Finance Office of Sanzao Town, Jinwan District, Zhuhai City allocated 112.3 million yuan to Yinlong as a support fund for scientific and technological research and development projects. However, only 3 days after the funds arrived, Wei Yincang split the money into 50 million yuan and 60 million yuan, paid to another company controlled by himself, and successfully cashed out.
The following year, Wei Yincang purchased a batch of equipment from Shenzhen "Geyin" Company in the name of the company for 499 million yuan.
The legal person of this "Geyin" company is Wei Yincang's sister-in-law.
As for whose pocket this money ended up in, it is conceivable.
Later, Wei Yincang's appetite grew larger and larger, and it was even more blatant to make money, for example, he once transferred 5 patented technologies to the company for 100 million yuan, and 3 years later, he shamelessly sold these patents to the company again at a price of 95 million yuan.
The company is equivalent to repeated purchases, direct loss of 95 million yuan, and Wei Yincang put this money into his pocket with peace of mind.
Under his toss, Yinlong Company slowly became a shell company, and there was not enough money for research and development.
Wei Yincang urgently needs to pull a gold lord into the shares, and Dong Mingzhu, the chairman of Gree Group, is undoubtedly his best target.
At this time, Dong Mingzhu has led Gree Group to the extreme in the field of air conditioning, and it is urgent to find a new track. She sees the huge market potential of new energy vehicles, but she has strong funds but can't find good technology.
The appearance of Wei Yincang has aroused great interest from Dong Mingzhu, and she can't wait to understand the "lithium titanate technology" in Wei Yincang's mouth.
Therefore, at the beginning of 2016, Dong Mingzhu, accompanied by Wei Yincang, visited Zhuhai Yinlong Industrial Park with great interest.
I have to say that Wei Yincang knows how to package, yinlong company's golden jade appearance, let Dong Mingzhu on the head, she excitedly put words: "Lithium titanate battery technology is buried in the sand of gold, Gree will be 13 billion yuan to acquire 100% of the shares of Zhuhai Yinlong." ”
As soon as this remark came out, it was strongly opposed by gree small and medium-sized shareholders, and everyone believed that Wei Yincang's technology was only in the research and development stage, the most expensive time, and the research and development process cycle was long, the benefits were slow, and now the risk of entering is too great. Among them, there are also opponents who have investigated Wei Yincang and found that he has a bad track record and has a variety of fake records. Yinlong Company also had a number of contract disputes, and even was once pulled by employees to ask for wages.
However, the overbearing president Dong Mingzhu believes in her own vision very much, and she angrily scolds everyone for not seeing the market prospects of new energy technology.
Since the board of directors did not pass, Dong Mingzhu decided to invest herself, she pulled Wanda's Wang Jianlin and Jingdong's Liu Qiangdong, jointly invested 3 billion yuan, eating 22.388% of Yinlong's equity.
And Dong Mingzhu himself even bet all his wealth on Yinlong.
She first borrowed 1 billion yuan in debt, and then took out her equity in Gree, pledged 1.6 billion yuan, threw 2.6 billion yuan before and after, and got 17.46% of the equity of Yinlong, becoming the second shareholder of the company as desired.
The addition of Dong Mingzhu not only brought strong funds, but also brought a steady stream of resources and brand effects, which made the valuation of Yinlong soar to 15 billion.
Watching the silver of the white flowers beckoning to himself, Wei Yincang was happy to blossom in his heart, but he soon couldn't laugh out loud, because Dong Mingzhu was not easy to fool.
In 2017, Wei Yincang once made a bold statement that he would break through the performance target of 30 billion yuan.
However, in the whole year of 2017, Yinlong's payment reached only 8 billion, part of which was the subsidy in 2015 and the other part was the final payment in 2016. The real performance of 2017 is only a billion.
The chairman of the tangtang could not even grasp the company's performance, which made Dong Mingzhu realize that Yinlong lacked not only funds, but also management, so Dong Mingzhu strongly intervened in the internal management of Yinlong Company.
This intervention made her break out in a cold sweat.
She found that in the management of Yinlong Company, there is a serious problem of "unclear fixed posts, public and private". Moreover, many of the company's accounts receivable have not been recovered, and the inventory backlog is also very serious.
Dong Mingzhu's discovery made Wei Yincang completely unable to sit still.
Originally, Wei Yincang's so-called lithium titanate battery technology, from beginning to end, only stayed at the theoretical level, and is not a mature technology that can be mass-produced, and the global mainstream automobile companies do not use lithium titanate batteries.
Now, with the deepening of Dong Mingzhu's investigation, his lie will be exposed at any time. Wei Yincang did not want to sit still, and he decided to "count thirty-six, run for the top count."
It is said that once born, two times cooked, Wei Yincang's "run" this time, can be described as quite skilled, he first went to Hong Kong on the pretext of recuperation, and then quietly fled to the United States with money.
It was only at this time that Dong Mingzhu came back to his senses, not expecting that he had been playing geese all day, and today he was blinded by the geese. Because of the technology that does not exist in reality, she has entered this scam without hesitation.
Not only that, Dong Mingzhu also found that all the funds on the books of Yinlong Company had been drained by Wei Yincang, and even owed debts to other companies.
In the end, Dong Mingzhu had to call the police to deal with it.
After multi-party investigation, it was found that Wei Yincang embezzled more than 1 billion yuan of the company's interests through related party transactions.
Thus, a dramatic scene appeared: Yinlong New Energy sued its founder and major shareholder Wei Yincang.
In this regard, Wei Yincang, who is far away in the United States, is not willing to show weakness, he said: "It is ridiculous to sue me with my company, I have already sued her." ”
But Wei Yincang was just too addicted, where he dared to return to China to go to court, he could only hide in the United States, like a rat in the gutter, and could no longer see the light.
Dong Mingzhu, who fell into the trap and was ridiculed by everyone, made an unexpected decision at this time.
She did not give up Yinlong, but regrouped and began to clean up the mess, she first reformed the company's management, and then continued to vigorously develop lithium titanate technology.
After Dong Mingzhu's vigorous reform and innovation, lithium titanate battery research and development has made a major breakthrough, and Yinlong Company has gradually come out of the predicament under the leadership of Dong Mingzhu.
In the first half of 2018, Yinlong new energy bus sales exceeded 3,000, compared with the sales of less than 1,000 in the Wei Yincang period, the data increased threefold. At the end of the year, all yinlong industrial parks were operating at full capacity, sweeping away the past state of sluggishness.
In September 2020, at the 10th China International Energy Storage Conference, Yinlong's lithium titanate intelligent energy storage products have won the honor of the most influential enterprise in China's energy storage industry by virtue of their high safety and high efficiency characteristics.
Today's Yinlong has become a new business expansion point for Gree Group.
Compared with Wei Yincang's roll run, Dong Mingzhu's behavior can better reflect the responsibility of being an entrepreneur.
It is true that Wei Yincang is very smart, but unfortunately he did not focus on scientific research, but regarded the company as his own bag and wantonly squandered the company's funds.
According to the investigation, he once spent 2.7 million yuan in the name of the company to buy a private car for his family, which shows that in Wei Yincang's mind, the company's money is equivalent to his own money.
When the money was spent, he racked his brains to cheat more investment.
There is no shortage of smart people in this world, but unfortunately, some people are smart and mistaken by smart.
Although Wei Yincang did not learn professional business administration, but with his clever mind and sharp business vision, he will certainly be able to make a difference in the business world, but he has spent his mind on opportunism, never thought about how to lead his own enterprise to a farther place, when the company has problems, he has no responsibility, directly lost the mess to Dong Mingzhu, and absconded to the United States with his own money.
If you lose your footing, you can get back on your feet, but your untrustworthiness will never be recovered.
Dong Mingzhu did not regret her decision, she took over the mess of Yinlong, with her years of accumulated resources and excellent business management capabilities, to turn the tide, and finally led Yinlong to the "Global Top 500 New Energy Enterprises" list, known as the final winner.
It can be seen that only down-to-earth entrepreneurs can steadily move forward in the commercial sea and stand in an invincible position.
And Wei Yincang, who was like a rat, could only sneak away overseas, and it was estimated that when he saw the gimmick technique he had used to deceive people, but in the hands of Dong Mingzhu, it was estimated that his intestines were green.
Perhaps, this is the best punishment for him.
-END-
Author: No
EDIT: Altered
Review: Blue Orange
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