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China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

author:Political and economic scholar

"The best companies in China are all unlisted, their own companies are counted as one, and Ren Zhengfei's Huawei is counted as one" - Yan Jiehe

In order to get more profits, many companies have set the listing as their goal, and in the eyes of ordinary people, only listed companies are large companies and good companies. In fact, even if some companies are not listed, their profits are quite considerable, such as Pacific Construction, which is currently the largest construction company in China, with assets of hundreds of billions of yuan, but his boss Yan Jiehe has always insisted on not listing. This is a clear stream among many rich people, why would Yan Jiehe do this?

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

  1. Yan Jiehe

In 1960, Yan Jiehe was born in Jiangsu and taught for three generations, and if there is no accident, he will also preach and teach after school. But this was a special era, the college entrance examination system was abolished, and he had no way to study after graduating from high school. To work in the factory, his parents did not want to see him hard, to be a farmer to farm, which is even more experienceless, desperate under his former teacher can not bear this, a good seedling was wasted, so he introduced him to high school to become a teacher.

Can a child who has just turned 18 teach high school students well? Many people are skeptical of him. But don't forget that he comes from the knowledge reserve of the scholarly family, not comparable to other students, in the classroom he has unique insights, and the students are almost the same, which allows him to mix with the students in the process of imparting knowledge, and many old teachers are also convinced of him.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

If he continued to do so, he would have served an iron rice bowl and entered the system, and it was quite sacred and decent to be a teacher in that era. However, everything has an accident, other people's accidents are bumps in the road to growth, and Yan Jiehe's accident is to meet the most important woman in life, this feeling completely changed Yan Jie and the future development direction.

This woman's name is Zhang Yunqin, three years younger than Yan Jie, but also very good. However, in any era, the love between teachers and students is not recognized, let alone the students in their own class, so the feelings of the two were concealed for three years, until Zhang Yunqin graduated before the two entered the palace of marriage. After marriage, Zhang Yunqin gave birth to a clever and clever girl for him, as far as family planning was concerned at that time, a couple could only have one child, and as a person in the system, he had to take the lead, but the accident also happened at this time, and his wife became pregnant again.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

Everyone wants to have both children and daughters, and Yan Jiehe is no exception, and if there is an abortion, the physical harm to the wife is also relatively large. If he wants a second child, then he can only quit this decent job, find another way out, stand at the crossroads, and Yan Jiehe must make a choice in time.

2. Quit your job and start a business

After discussion, he and his wife both believe that this little life has the right to come into this world and should not be abandoned before he is born, so Yansuke quit his decent teaching job and concentrated on taking care of his wife's pregnancy. It wasn't long before the second child was born as a boy, which made both families laugh and keep their mouths shut.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

No matter what era these two children are placed in, it is a huge pressure, which makes Yan Jie and his life, who have lost his job, stretched out, at this time he went everywhere to submit resumes, and with his knowledge, he entered a state-owned enterprise. In fact, the state-owned enterprises at that time were basically in decline, Yan Jie and this is no exception, on the verge of bankruptcy at any time, in order to make their own classes to have money to earn, Yan Jie and for this crumbling enterprise, paid their best efforts, as the director of the factory to go deep into the front line of research, fully understand the needs of employees and the situation of enterprise losses, and then improve.

In this way, under the leadership of Yan Jiehe, the situation of state-owned enterprises began to improve, and the original losses also turned into profits, which laid a good foundation for him to start his own company later.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

The trend of going to the sea to do business in the 90s affected this generation, countless people resigned and went to the sea to do business, Yan Jiehe was no exception, with the 120,000 yuan he saved, he set up the Huai'an Yinjiang Construction Company. There were too many companies established in that era, and it was dizzying, and no one was optimistic that Yan Jiehe could make a profit in this tidal wave.

It is also true that he can only survive without network resources and orders, but for Yan Jiehe, he must be honest and trustworthy in doing business, which is the signboard of the enterprise and cannot be smashed. It was also this spirit that allowed Yan Jiehe to receive an order for the Nanjing Ring Expressway, the full name of this project is very good and very advanced, but Yan Jiehe's company is only responsible for one part of it.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

At that time, many companies cut corners in the construction of the project in order to obtain more profits, for profit, Yan Jiehe also thought so, but he never did this, in the process of construction, he repeatedly stressed to the staff that it must be real materials. With this spirit, when their engineering team finished work, the acceptance personnel could not find a single fault.

3, the enterprise is getting bigger and bigger

After the genuine engineering team was welcomed everywhere, Party A decided to hand over all the supporting facilities on the Nanjing Ring Expressway to Yan Jiehe's company, with this project, he obtained an income of more than 8.6 million yuan, from a small construction enterprise that did not enter the stream to become a benchmark in Nanjing's construction industry. It is also from here that the industry knows that there is a company that is extremely reputable.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

There were also more and more orders belonging to Yan Jiehe's company, which made him a lot of money, so he founded the Pacific Construction Group. In order to expand the scale of the enterprise, he bought the state-owned enterprises that were on the verge of bankruptcy at the time, which was a bold but also very promising act, after all, these state-owned enterprises had a lot of resources in their hands.

Later, in order to better cooperate with the government, he also studied a model BT operation model. Simply put, the government wants to build a large building, but there is no money, at this time the construction of the house first put the money on the pad, after the successful construction of the right to hand over the right to operate to the government, in the process of operation the government has money and then slowly pay in installments. This method solves many government problems, and they are more willing to cooperate with Pacific Construction, in the years of development, Yan Jiehe's assets have exceeded 100 million, but he has always insisted on not listing.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

When someone asked him why, he said only one word, that only companies that are not listed are good companies. When many companies are expanding in order to go public, only Yan Jie and insist on their own intentions, which can be described as a clear stream among many rich people, from now on, his approach is undoubtedly the wisest.

In 2011, he handed over the group to his son, and he started his old business of preaching and teaching.

China's largest contractor, sitting on hundreds of billions of assets, but refusing to go public, China's invisible rich

Yan Jiehe along the way without exaggerated legend, only a choice to stand at the crossroads, with a wise vision and the conscience of doing business, he achieved success, and now The Pacific Construction Group has become one of the 1st largest construction companies in China, which has also set an example for countless construction companies, want to make enterprises go better, farther, must pay attention to credibility, pay attention to real materials.

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