When the country is in crisis, we can always see the news of donations from domestic rich people. Just like in the previous Henan flood, there was a company in China that donated 200 million yuan to make a little contribution to Henan. It is worth noting that this company has developed so far and holds 4 major listed companies. So, do you know which company this is?
The company mentioned above is Fangda Group. I believe that many people have heard of the company in 2021, after all, the mainland's HNA was acquired by the company. In addition, people may not know much about this company. In fact, the acquisition of HNA is enough to show that the economic strength of the company is still very unusual.
It is worth noting that in September 2021, the total assets of the enterprise reached 157 billion, and the debt ratio was 56%. Not only that, the founder of the company, Fang Wei, is worth 26.6 billion yuan at the age of 49 and was once the richest man in the local area. So, how did Fang Wei build Fang Da so well?
In fact, as early as when Fang Wei was still young, the conditions at home were relatively poor, so at that time, he could be said to have grown up eating hundreds of meals and was loved by many villagers. At a slightly older age, he ran a small workshop with his father. Although they borrowed money to start it at the time, they managed to make a decent profit later.
After the business of the workshop gradually improved, the father and son began to develop into the coal field. At this time, a steel factory that bought products from them was unable to repay the funds because of poor management, so it used its steel plant as collateral to its father and son. But at that time, the steel business was not really developed, so for them, the steel plant could not bring them profits.
But what I didn't expect was that after a few years, the domestic steel business gradually developed, and for Fang Wei, with this steel plant, he naturally made a lot of money.
In 2002, the 29-year-old Fang Wei bought a carbon factory, although the factory was on the verge of bankruptcy at the time, but under Fang Wei's management, it not only improved the phenomenon of employee laziness, but also improved the quality of the factory's products.
Because of this, the factory soon became profitable. And because he has been cared for by the villagers since he was a child, Fang Wei will call the villagers who have the ability to work to come to his factory and pay them wages.
It is worth noting that after achieving good results in the acquisition of the first enterprise, Fangwei began to continuously acquire other enterprises, and by 2005, Fangda's total assets reached 1.395 billion yuan and its net profit was 27.69 million.
After this, Fang Wei not only sat in the position of the richest man in Liaoning, but even held 4 major listed companies. What's going on?
In fact, after the expansion of the scale of the enterprise, the group's listed companies were also born. Up to now, Fangda has four listed companies, namely Fangda Carbon, Fangda Special Steel, Northeast Pharmaceutical, and ZTE Commercial. It is precisely because of the holding of a number of listed companies that the performance of the company has gradually risen.
Judging from the data, in 2021, the company's total assets exceeded 150 billion, and Fang Wei also ranked in the rich list with a value of 26.6 billion. It is worth noting that in 2021, Fang Wei also sat on the position of the richest man in Liaoning with personal assets of 50 billion yuan. From this point of view, the excellent development of the enterprise has made Fang Wei profit a lot from it.
Not only that, after the company makes money, Fang Wei will also pay its own efforts to make more contributions to society. And this is mainly because his living conditions were more difficult when he was young, so he needed to work with his father at a young age, and he did not want other children to be like him, so he helped as many poor children as possible.
Moreover, when Fang Wei donated money, his shots were also relatively generous. As early as before, Fang Wei built a primary school for his hometown and built a road for the local area, spending a total of 300 million yuan. During the floods in Henan, it also donated 200 million yuan to the local area. In addition, Fang Wei has also donated 9 million yuan to the university. From this point of view, FangWei's domestic donations have exceeded 500 million.
However, it is worth noting that although Fangda has developed relatively well under the leadership of Fang Wei, its performance has been lacking in growth, especially in profits, which has fallen from 16.019 billion in 2018 to 8.787 billion in 2020. Therefore, in the diversified development of enterprises, we should still be cautious.