Text: Three-three
On April 11, the list of China's charity entrepreneurs was released, and Lei Jun, chairman of Xiaomi Group, won the title of "First Kindness" in 2021 with a total donation of 15.07 billion yuan. There is also a former "first good" in the list, it is Cao Dewang, according to incomplete statistics, his current donation amount is far more than 12 billion yuan. In recent years, with media reports, Cao Dewang and his Fuyao glass have also been familiar to more people Fuyao glass not only occupies about 65% of the mainland automotive glass OEM production market, but also becomes the world's largest automotive glass manufacturer.
For this reason, Cao Dewang is also known as the "Glass King". However, in the 2021 Hurun Global Rich List, Cao Dewang's wealth is 25 billion, while Xinyi Glass's founder Li Xianyi reached 68 billion, more than 2.7 times cao Dewang's. Today, Li Xianyi has surpassed Cao Dewang in one fell swoop, and the "Glass King" has changed its new look. So, who is Li Xianyi, who won the crown of Cao Dewang's "Glass King"?
In 2021, the operating income performance growth rate of Xinyi Glass Factory is 50% higher than that of Fuyao Glass, and the net profit growth is more than 70% of Fuyao Glass, and the glass sales volume in half a year has exceeded Thato Glass. However, unlike Fuyao, Fuyao mainly produces automotive glass, while Xinyi Glass's main market is in construction and photovoltaics, and Xinyi Glass occupies about 32% of the global photovoltaic glass market share. At present, Xinyi Glass has become the world's third largest glass production enterprise, with 70% of its annual production capacity sold overseas.
Speaking of which, Li Xianyi is also a Fujian businessman, and he is also a Fujianese like Cao Dewang. In 1952, Li Xianyi was born in an ordinary peasant family in Shishi City, Fujian Province, when his family was poor, and Li Xianyi entered the factory to work after finishing junior high school. Although he is only 15 years old, Li Xianyi can also be regarded as a hard -working "hitman" in the factory, and he has made a little money after working steadily for several years. However, Li Xianyi's heart was no longer in this small factory at this time, and he wanted to break through on his own.
After some thought, Lee Hyun-yi decided to start a cargo transportation business, and he used the money he saved to buy a tractor and pull a few relatives and friends to set up a convoy. At that time, the business received by the convoy was mainly to transport goods between Fujian and Shenzhen, and as the transportation business became more and more popular, Li Xianyi also made a lot of money. This period of running transportation also allowed Lee Hyun-yi to see the outside world, especially the prosperity of Hong Kong. In the 1980s, Hong Kong was already full of high-rise buildings and was known as one of the "Four Asian Tigers", which was completely different from the mainland.
Therefore, Lee Hyun-yi decided to leave his hometown and stay in Hong Kong to do a career. At this time, Cao Dewang had entered the glass industry. Li Xianyi, who had experience in cargo transportation, decided to open an auto parts factory, at that time Hong Kong was also in a period of rapid economic development, Li Xianyi's parts factory was also developing as rapidly as Hong Kong, and in just four or five years, the small factory grew into a large-scale automobile integrated service company.
In 1978, a spring breeze blew to the mainland, and with the abundant labor force, Hong Kong's industry began to move north. Hong Kong's richest people, such as Fok Ying Tung, Li Ka-shing and Cheng Yu-tong, have also invested in the mainland. Li Xianyi naturally could not sit still, he keenly sensed the huge business opportunities in the mainland, decisively shut down the Hong Kong company, and returned to the mainland to start a business again. He found that most of the domestic automotive glass at that time was imported, and there was no more mature automotive glass factory of his own.
So in 1998, Xinyi Glass Factory was established in Shenzhen, saying that it was a glass factory, in fact, the total number of employees was only dozens of people, and the area was only 30,000 or 40,000 square meters. As early as a year ago, Cao Dewang also discovered the big gap in automotive glass, and established Fuyao Group to fully enter the automotive glass industry. After the establishment of the factory, Li Xianyi introduced advanced equipment from Taiwan and led employees to study abroad. After the production technology and efficiency slowly improved, domestic glass orders also increased, the factory also expanded its scale, and the number of employees increased from the initial dozens to thousands.
After nearly a decade of development, the domestic glass manufacturing plant has become bigger and bigger, and the foreign export trade has gradually developed, but the development of Li Xianyi's Xinyi Group in the United States has been suppressed. They demanded that Xinyi Group's products need to pay 124% more anti-dumping duties, and Li Xianyi did not back down. In February 2001, 14 Chinese automotive glass manufacturers in the United States, including Xinyi Glass and Fuyao Glass, faced the anti-dumping policy of the United States with a tough posture, fought a lawsuit for many years, and finally won the case.
Slowly, Xinyi's glass products began to be sold to countries in the Americas, Europe, Australia and other regions, and also became a glass supplier for Ford Motor Company in the United States. Unlike Cao Dewang's Fuyao Group, which specializes in automotive glass, Li Xianyi's Xinyi Group is an integrated supplier. In addition to manufacturing automotive glass and various architectural processing glass, it also develops and produces auto parts, builds a hardware parts production base, establishes a number of glass production bases in Hong Kong, Guangzhou, Dongguan, Wuhu and other places, and builds more than 10 logistics centers in China.
Not only that, Li Xianyi also stepped into the real estate industry, as early as the glass industry has improved, he founded Xinyi Real Estate, built a number of high-end real estate projects in Shenzhen, and now many landmark buildings in Shenzhen are built by Xinyi Real Estate. Speaking of which, Li Xianyi's most proud should be photovoltaic glass, in 2008 Xinyi's new product photovoltaic glass began to become the main product, in 2010 Xinyi's revenue in the field of photovoltaic exceeded 1 billion Hong Kong dollars. The total revenue of photovoltaic and float glass also exceeds the original main business of automotive glass.
Later, Li Xianyi separated the photovoltaic glass business and established Xinyi Solar, which is now the world's largest manufacturer of photovoltaic glass. It can be seen that the future market prospects of photovoltaic glass are very broad, and Cao Dewang has only entered the field of photovoltaic glass in the past two years, and it has to be said that Li Xianyi's sense of smell is indeed very keen. Xinyi's photovoltaic glass, float glass, automotive glass and construction glass now account for a large market share.
It is understood that Xinyi Group's current total assets have exceeded 45 billion yuan and more than 14,000 employees. According to the financial report data released by Xinyi, the company's sales exceeded 13.5 billion yuan in the first half of last year, an increase of more than 90%. In the same period, Fuyao Glass's revenue was 11.5 billion yuan, an increase of 42% year-on-year.
Nowadays, Li Xianyi has 4 listed companies under his name plus "Xinyi", and many of the products produced are related to new energy. From the current point of view, Xinyi Glass may suppress the development of Fuyao for a long time, and Li Xianyi, the new "glass king", deserves it, mainly due to the diversified development strategy of Xinyi Glass. However, whether it is Li Xianyi or Cao Dewang, they are excellent entrepreneurs in the industry and have played an indelible role in the development of the domestic glass field.